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Novo Nordisk, the Danish pharmaceutical giant behind the obesity drug Wegovy, said on Wednesday it will cut about 9,000 jobs globally in a major restructuring effort, aiming to save 8 billion Danish crowns ($1.26 billion) annually.

The move underscores the growing pressure the company faces from its US rival Eli Lilly as the weight-loss drug market becomes increasingly crowded and competitive.

The company, which currently employs 78,400 people worldwide, said approximately 5,000 of the planned job reductions will be in Denmark.

“Our markets are evolving, particularly in obesity, as it has become more competitive and consumer-driven. Our company must evolve as well,” newly appointed CEO Mike Doustdar said in the statement.

“This means instilling an increased performance-based culture, deploying our resources ever more effectively, and prioritising investment where it will have the most impact – behind our leading therapy areas,” he added.

Costs and financial impact

Novo said restructuring costs of about 9 billion Danish crowns will be incurred in the third quarter of 2025. However, it also expects 1 billion crowns of savings in the fourth quarter, it said.

It also warned that the overhaul would carry a one-off negative impact of around six percentage points on its full-year operating profit growth at constant exchange rates next year.

Novo said its operating profit growth this year is now expected at between 4% and 10%, down from between 10% and 16% seen last month, changing solely due to the restructuring costs.

It also projected depreciation, amortisation, and impairment losses of 21 billion crowns, higher than its earlier estimate of 17 billion crowns.

Growth slowdown weighs on shares

Novo Nordisk, once Europe’s most valuable listed company with a market value of $650 billion in 2023, has seen its growth slow significantly.

Last month, the company warned that revenues would fall well short of earlier forecasts, citing competition from Eli Lilly’s Mounjaro and Zepbound, as well as the rise of cheaper copycat versions of its drugs.

The company’s Copenhagen-listed shares are down nearly 47% so far this year, reflecting investor concerns over the competitive landscape and Novo’s ability to maintain its dominance in the GLP-1 drug segment.

Doustdar’s leadership began on August 7, 2025, following the exit of Lars Fruergaard Jørgensen.

However, the timing of his appointment coincided with a sharp cut to Novo’s sales forecast which has also sent investor confidence tumbling.

Adding to the pressure, Denmark’s government recently lowered its 2025 economic growth forecast to 1.4% from 3%, citing weaker prospects for Novo Nordisk and new US tariffs on Danish exports.

For a company that once outpaced the size of Denmark’s economy, Novo’s latest restructuring marks a critical juncture in its bid to defend market share and restore growth momentum.

The post Novo Nordisk cuts 9K jobs to save $1.26B amid Wegovy growth, Eli Lilly rivalry appeared first on Invezz

Sen. Josh Hawley, R-Mo., called to ‘open the courtroom doors’ so parents can sue Meta, accusing founder and CEO Mark Zuckerberg of misleading Congress after whistleblowers detailed child safety failures on the company’s virtual reality (VR) platforms.

Two former Meta researchers told a Senate panel Tuesday that the company buried child harm evidence in VR, killed age-verification studies and let AI chatbots flirt with kids, prompting a bipartisan push to pass measures protecting minors online.

‘The claims at the heart of this hearing are nonsense; they’re based on selectively leaked internal documents that were picked specifically to craft a false narrative,’ a Meta spokesperson said. 

‘The truth is there was never any blanket prohibition on conducting research with young people and, since the start of 2022, Meta approved nearly 180 Reality Labs-related studies on issues including youth safety and well-being.’

Testifying before the Senate were Cayce Savage and Jason Sattizahn, both former Meta researchers.

Sattizahn alleged Meta routinely prioritized engagement and profit over safety — especially for kids — and manipulated or erased research showing harm.

He said despite attempts to curb data collection, the studies researchers could run still showed the company’s products endangered users.

Germany once banned Meta’s VR sales over data treatment concerns; after sales resumed in 2022, Sattizahn was sent to conduct research there.

He said he understood Meta was trying to show its VR headsets were safe for Germans.

But when research uncovered that underage children using Meta VR in Germany were subjected to demands for sex acts, nude photos and other acts children should never be exposed to, Sattizahn alleged Meta demanded all evidence be erased.

‘My research still revealed emotional and psychological damage, particularly to women who were sexually solicited, molested or worse,’ he testified. ‘In response, Meta demanded I change my research in the future to not gather this data on emotional and psychological harm.’

Savage testified she led youth safety research in VR and likewise said Meta prioritized engagement over child safety.

She said the company employed suppression tactics, including editing reports, demanding deletions and threatening jobs.

Hawley asked Savage why it was important for Meta to have children under 13 using VR. She told him kids drive household adoption of gaming devices, which means more money for Meta.

‘So, this is about profits at the end of the day,’ Hawley told Savage while seeking clarification on whether Meta will do anything for a profit, including exposing children to vile sexual abuse.

‘When I was doing research to identify the harms that children were facing in VR, which I had to be sneaky about because legal wouldn’t actually let me do it, I identified that Roblox, the app on in VR, was being used by coordinated pedophile rings,’ Savage said. ‘They set up strip clubs, and they paid children to strip.’

She added that Robux could be converted into real money.

Savage said she flagged the issue to Meta, saying under no circumstances should Meta host the Roblox app on the headset.

‘You can now download it in their app store,’ she said.

Later, under questioning, Savage told the panel she estimates any child in a social VR space will come in contact with, or be directly exposed to, something inappropriate.

‘She said every single child who goes into the platform will 100% be exposed to child sex abuse material. Every single one,’ Hawley told Fox News Digital Tuesday evening. ‘I just come back to the fact that we have got to protect our children. 

‘It can’t be that if you go online as a kid, you are 100% likely to be sexually abused, and that’s what the witnesses said today. If you are online, if you’re on their virtual reality program platform rather, you are going to get sexually abused. That was their testimony.’

Hawley called out Zuckerberg for testifying on Jan. 31, 2024, that Meta does not allow people under the age of 13 on the service.

During his testimony last year, the CEO said anyone under the age of 13 will be removed from the service, and, in response to another question, Zuckerberg said Meta does not want users under the age of 13.

Hawley said Zuckerberg misled Americans with that testimony, pointing to whistleblowers who said under-13 users are rampant on the platform.

‘I don’t see how you can square what he told us under oath last year with what these whistleblowers said today,’ Hawley told Fox News Digital. ‘But that’s true of a lot of his statements. I mean, he said over and over, whether it’s the safety protocols Facebook has put into place, that’s not true. 

‘Whether it’s regarding their work in China, he said, ‘Oh, we don’t do work in China.’ That is not true. He said, ‘We don’t have any contacts with the Chinese government.’ That’s not true. So, I mean, we’re really piling up a long list here.’

Hawley said he has called for Zuckerberg to testify again under oath, though he’s heard Meta isn’t interested.

Ultimately, Hawley said, it was time to ‘open the courtroom doors’ so victims and families can sue Meta for failing to protect children.

‘It is abundantly clear to me that it is time to allow parents and victims to sue this company,’ he said. ‘They have got to be able to get into court and to get in front of a jury and hold this company accountable, and that begins with Mark Zuckerberg. There has to be accountability. We have to open the courtroom doors and allow victims to have their day in court.’

Earlier this year, Hawley said he advanced legislation through the Judiciary Committee that would allow victims of child sex abuse online to sue Facebook or any Big Tech company where harm happens.

‘I don’t think we’re going to see real change at these companies until this becomes law and parents and victims can get into court and hold these people accountable,’ he said. ‘The bottom line is we’ve got to protect our kids. I mean, they’re making money by stealing the innocence of our children.’

Meta told Fox News Digital the company is training its artificial intelligence bots to not respond to teenagers on self-harm, suicide, disorder eating and potentially inappropriate romantic conversations, regardless of content. The company is also working to limit teen access to a select group of AI characters, ‘for now.’

Sen. Marsha Blackburn, R-Tenn., closed the meeting by inviting anyone from Meta to testify or challenge what was said.

‘I think that they see there is truly bipartisan anger, not only with Meta, but with these other social media platforms and virtual reality platforms and chatbots that are intentionally, knowingly harming our children,’ she said. ‘This has got to stop. Enough is enough.’

This post appeared first on FOX NEWS

French artificial intelligence startup Mistral AI has raised €1.7 billion ($2 billion) in a funding round led by Dutch chip equipment maker ASML, the companies said on Tuesday.

The investment makes Mistral the most valuable AI company in Europe at €11.7 billion.

ASML contributed €1.3 billion of the total financing, taking an 11% stake in the Paris-based company and gaining a seat on its strategic committee.

The deal also cements ASML as Mistral’s main shareholder, underscoring the Dutch group’s push to expand the role of artificial intelligence in the semiconductor industry.

ASML deepens AI ties with strategic partnership

Alongside the capital infusion, ASML and Mistral AI have entered into a strategic partnership.

Under the agreement, ASML will integrate Mistral’s AI models across its semiconductor manufacturing equipment portfolio, research, development, and operations.

Roger Dassen, ASML’s chief financial officer, will represent the company on Mistral’s strategic committee.

The move aligns with ASML’s strategy to harness AI in boosting the efficiency and precision of chipmaking tools, at a time when demand for advanced semiconductors is surging globally.

The backing of Europe’s most valuable technology company puts Mistral in a stronger position to challenge US heavyweights such as OpenAI, Meta, and Google in the fast-evolving field of generative AI.

Growing roster of global investors

ASML is not the only high-profile backer of Mistral. Other participants in the round include DST Global, Andreessen Horowitz, Bpifrance, General Catalyst, Index Ventures, Lightspeed, and NVIDIA.

Since its founding in 2023, Mistral has rapidly emerged as Europe’s flagship AI contender.

The company made headlines in June 2023 when it raised a record $112 million seed round — the largest ever for a European startup — valuing it at $260 million before its first product release.

Six months later, it closed a €385 million Series A led by Andreessen Horowitz, at a valuation of $2 billion.

Subsequent raises included a $16.3 million convertible investment from Microsoft in early 2024, a €600 million mix of equity and debt in June 2024 at a $6 billion valuation, and now the latest blockbuster Series C.

Products and market impact

Mistral AI promotes its open source approach to generative AI, contrasting with the more closed strategies of US rivals.

Its chatbot, Le Chat, launched in 2024 and quickly attracted over 1 million downloads within two weeks, topping France’s iOS free app rankings.

In July 2025, Mistral rolled out significant upgrades to Le Chat, including a deep research mode, native multilingual reasoning, advanced image editing, and project management features.

In September 2025, it added Memories, allowing the chatbot to recall prior conversations — a capability that brings it closer to the leading full-stack AI assistants.

With ASML’s investment and strategic tie-up, Mistral is now positioned at the heart of Europe’s efforts to build AI champions capable of competing on a global scale.

The post Mistral AI secures €1.7 billion as ASML becomes top backer appeared first on Invezz

The average rate on the 30-year fixed mortgage dropped 16 basis points to 6.29% Friday, according to Mortgage News Daily, following the release of a weaker-than-expected August employment report.

It’s the lowest rate since Oct. 3 and the biggest one-day drop since August 2024. Rates are finally breaking out of the high 6% range, where they’ve been stuck for months.

“This was a pretty straightforward reaction to a hotly anticipated jobs report,” said Mortgage News Daily Chief Operating Officer Matt Graham. “It’s a good reminder that the market gets to decide what matters in terms of economic data, and the bond market has a clear voting record that suggests the jobs report is always the biggest potential source of volatility for rates.”

Graham said in a post on X that many lenders are “priced better” than Oct. 3 and would be quoting in the high 5% range.

The drop is a major change from May, when the rate on the 30-year fixed peaked at 7.08%. It’s big for buyers out shopping for a home today, especially given high home prices.

Take, for example, someone purchasing a $450,000 home, which is just above August’s national median price, using a 30-year fixed mortgage with a 20% down payment. Not including taxes or insurance, the monthly payment at 7% would be $2,395. At 6.29%, that payment would be $2,226, a difference of $169 per month.

That might not sound like a lot to some, but it can mean the difference in not just affording a home, but qualifying for a mortgage.

Homebuilder stocks reacted favorably Friday, with names like Lennar, DR Horton and Pulte all up roughly 3% midday. Homebuilding ETF ITB has been running hot for the last month as rates slowly moved lower. It’s up close to 13% in the past month.

The big question is whether the drop in rates will be enough to get homebuyers back in the market.

Mortgage demand from homebuyers, an early indicator, have yet to respond to gradually improving rates. Applications for a mortgage to purchase a home last week were 6.6% lower from four weeks before, according to the Mortgage Bankers Association.

“Homebuyers grapple with a lack of affordability, sellers contend with more competition, and builders deal with lower buyer demand,” Danielle Hale, chief economist at Realtor.com, said Friday in a statement after the release of the August employment report. “These conditions haven’t spelled catastrophe, but have created a cruel summer for the housing market.”

Some analysts have argued that buyers need to see mortgage rates in the 5% range before it really makes a difference. Home prices remain stubbornly high, and while the gains have definitely cooled, they are not yet coming down on a national level. In addition, uncertainty about the state of the economy and the job market has left many would-be buyers on the sidelines.

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Supreme Court Justice Amy Coney Barrett pushed back against partisan portrayals of the Supreme Court, telling Fox News’ Bret Baier that justices ‘wear black, not red or blue’ and follow the Constitution, not politics.

She appeared on Fox to promote her new book, ‘Listening to the Law,’ and to address public perceptions of the Court’s work and independence.

Barrett stressed that the Court is not divided into partisan teams. She also defended its approach to presidential power, clarified misconceptions about the Dobbs decision, and reflected on her originalist judicial philosophy.

Her book touches on details such as assigned seating, courtroom traditions, and the gap between outside perception and inside reality.

‘You know, we don’t wear red and blue, we all wear black because judges are nonpartisan. And the idea is that we are all listening to the law. We’re all trying to get it right. We’re not playing for a team,’ she told Baier. ‘We don’t sit on specific sides of the bench, left and right. You know, we sit in order of seniority.’

Barrett underscored the disconnect between public perception and the Court’s inner workings, noting:

‘I often ask new law clerks what surprised you most when you started? And one of the most common answers is the difference between what’s happening on the inside and what people think is happening on the inside.’

Critics on the left argue the Court is shielding former President Donald Trump, a view reflected in headlines from outlets such as The New York Times and NBC.

Barrett responded by placing the Court’s work in historical context, stressing that cases on presidential power extend beyond any one occupant of the office.

‘We’re not deciding cases just for today, and we’re not deciding cases based on the president,’ Barrett said. ‘As the current occupant of the office, we’re deciding cases about the presidency. So we’re taking each case, and we’re looking at the question of presidential power as it comes. And the cases that we decide today are going to matter.

‘Four presidencies from now, six presidencies from now, and so on. Each of these cases that we’re getting, you know, well, I mean, some of them overlap, but many present different constitutional issues,’ she added.

She stressed the Court rules on the presidency as an institution, with decisions that resonate across administrations.

Turning to the Dobbs decision, Barrett said the ruling did not outlaw abortion but returned the issue to the political process—a point she argued has been widely misunderstood.

‘Dobbs did not say that abortion is illegal. Dobbs said it belongs to the political process,’ Barrett said.

Barrett acknowledged growing threats to judges, stressing violence should not be ‘the cost of public service.’

Returning to public perception, she said the Court must follow the law even when rulings are unpopular, stressing integrity over public opinion.

‘The court… can’t take into account public opinion in making individual decisions… you have to follow the law where it leads, even if it leads in a place where the majority of people don’t want you to go,’ she said.

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Deepanshu Kaushik, a 28-year-old account executive, is trapped in a punishing EMI cycle.

With a monthly salary of ₹40,000, nearly half, about ₹18,000, vanishes on EMIs for personal loans and credit cards, leaving too little to cover rent, groceries, school fees, and medical needs for his wife and daughter.

Unexpected expenses push him to borrow more, deepening his debt. His shrinking budget and rising obligations leave him constantly anxious, unable to save or plan ahead.

Every month, the need to meet past commitments forces new compromises, keeping Deepanshu perpetually stuck and worried about the future.

India’s middle class is increasingly suffocated by a silent epidemic: easy credit has become a double-edged sword, pushing families into a worsening “EMI trap.”

Household debts have soared, defaults are mounting, and a string of newsworthy suicides highlights how financial distress has transformed into a quiet social crisis.

The debt spiral: Data speaks

India’s household debt has reached record heights, now sitting at approximately 48.6% of GDP as of March 2025, up sharply from 32% in 2019 and 41.9% just last year.

The per capita debt for individual borrowers is a staggering ₹4.8 lakh, representing a 23% increase in just two years.

This escalation is driven by a consumption-fueled lending boom; credit cards, small personal loans, and “Buy Now Pay Later” (BNPL) schemes have rapidly proliferated, enticing families with the promise of quick, frictionless borrowing.

The consequences are dire for the middle class.

As much as 33% of monthly salaries are being diverted to EMI repayments, squeezing budgets for essentials like food, healthcare, and children’s education.

Shockingly, 45% of middle-class families now spend over 40% of their income just servicing debt, a threshold widely recognized by financial experts as a warning sign for acute distress.

​Defaults and delinquencies: The growing crack

The surge in borrowing is accompanied by an alarming uptick in defaults and credit card delinquencies.

Loans overdue by more than 90 days spiked to 3.6% in March 2025, up from 3.3% last year, with the default rate among young and rural borrowers particularly high.

Delinquencies in credit card repayments have shot up to 7.6% as of June 2024, and the non-performing asset (NPA) ratio for credit cards rose by 28.4% within a year.

Personal loans under ₹10,000 are seeing the sharpest pains, with default rates jumping by 44% from late 2023 to mid-2024.

In Tier 3 towns and rural India, loan defaults touched a six-quarter high, and over-burdened borrowers with scant financial literacy are most vulnerable.

The human toll

Behind these staggering statistics are real tragedies. In Karnataka alone, at least 17 people died by suicide in the first three months of 2025 due to harassment by microfinance lenders.

Across the country, studies now attribute 19% of suicides to financial distress, with 90% of those victims holding debts.

Recent months have seen a grim litany of cases: a newly-married man in Andhra Pradesh died by suicide over a mere ₹2,000 instant loan, while a young manager in Jhansi ended his life under the pressure of EMI recovery targets.

Even mass family tragedies, suspected to stem from overwhelming loan obligations, are becoming more visible in national headlines.

The lending boom: A dangerous growth

The personal loan market is exploding from $8.34 billion in FY2024 to a projected $54 billion by FY2032, growing over 26.5% annually.

Non-banking finance companies (NBFCs) are aggressively expanding in small-ticket lending, sometimes to borrowers with little credit history, creating conditions ripe for over-borrowing and cascading defaults.

Pradeep Saini, a senior bank executive spoke with Invezz and explained how EMIs have revolutionized loan sales strategies.

“Monthly EMIs make it much easier for customers to say yes to loans as they see the affordability of a small monthly outgo, not the long-term cost,” he says.

According to Pradeep, banks now actively push EMI-based products because they simplify achieving loan disbursal targets.

The real advantage for banks, he reveals, lies in the higher total interest accumulated from long-term, small-ticket EMIs compared to bigger, shorter-tenure loans, making EMIs a win-win for sales targets and profitability.

Why the trap is so dangerous

For India’s middle class, aspirations increasingly ride on borrowed funds: from education to smartphones, cars to homes.

But no financial cushion exists if jobs are lost or income slips.

Households, squeezed by stagnant wages and persistent inflation, find easy credit too tempting to ignore, only to be choked by EMI commitments when “minimum due” becomes a mountain.

Digital lending apps and buy-now-pay-later services have exploded in popularity over the past few years, offering quick loans and easy credit with just a few taps. 

But for many borrowers, especially those new to credit, there’s little understanding of the risks involved and even less protection from reckless lending practices.

The Reserve Bank of India has started to step in, tightening rules around unsecured loans, while a few state governments are cracking down on coercive collection methods. 

Still, much of the responsibility rests with lenders to prevent borrowers from spiraling into debt, and with policymakers to ensure people are better informed and supported.

The middle class, long seen as the backbone of economic progress, now faces an uncomfortable reality. 

The promise of instant credit, without proper checks and guidance, risks turning a tool of empowerment into one of financial strain, where the road to opportunity might instead lead to uncertainty and stress.

The post The EMI trap: how easy credit is silently crushing India’s middle class appeared first on Invezz

It’s been a historic week for precious metals, with gold nearly hitting the US$3,600 per ounce mark, and silver passing US$41 per ounce for the first time since 2011.

The gold price spent the summer in a consolidation phase, and part of what’s spurring its latest move is expectations that the US Federal Reserve will lower interest rates at its next meeting.

The central bank has held rates steady since December 2024, even as President Donald Trump places increasing pressure on Fed Chair Jerome Powell to cut.

Powell’s August 22 speech in Jackson Hole, Wyoming, began stoking anticipation of a cut, and August US jobs data, released on Friday (September 5), has all but guaranteed it will happen.

Non-farm payrolls were up by 22,000, significantly lower than the 75,000 expected by economists. Meanwhile, the country’s unemployment rate came in at 4.3 percent.

CME Group’s (NASDAQ:CME) FedWatch tool now shows a 90.2 percent probability of a 25 basis point rate cut in September, with a 9.8 percent probability of a 50 basis point reduction.

Bond market turmoil also helped move the gold price this week.

Yields for 30 year US bonds rose to nearly 5 percent midway through the period, their highest level since mid-July, on the back of a variety of concerns, including tariffs, inflation and Fed independence.

Globally the situation was even more tumultuous, with 30 year UK bond yields reaching their highest point since 1998; meanwhile, 30 year bond yields for German, French and Dutch bonds rose to levels not seen since 2011. In Japan, 30 year bond yields hit a record high.

Tariff developments have also created uncertainty this past week.

After an appeals court upheld a ruling that many of Trump’s tariffs are illegal, the president’s administration asked the Supreme Court to fast track its review of the decision.

Going back to gold and silver, their recent price activity is certainly raising questions about what’s next. The broad consensus among the experts focused on the sector is positive, but the metals are beginning to get more mainstream attention too.

Notably, investment bank Goldman Sachs (NYSE:GS) now has a gold price prediction of US$4,000 by mid-2026, although the firm notes that the yellow metal could rise to nearly US$5,000 if just 1 percent of private investors shift from treasuries to gold.

‘If 1 per cent of the privately owned US Treasury market were to flow to gold, the gold price would rise to nearly $5,000 per troy ounce’ — Daan Struyven, Goldman Sachs

Bullet briefing — Hoffman on gold, Hathaway on silver

It’s been a short week, at least in North America, so instead of the usual news stories this bullet briefing will highlight a couple of my favorite recent interviews.

Nothing in gold’s path

First is Ken Hoffman of Red Cloud Securities. It was my first time speaking with Hoffman, and he made a compelling case for how gold could get to US$10,000.

Watch the full interview with Hoffman above.

Silver a ‘smouldering volcano’

Next is John Hathaway of Sprott. He shared what he thinks will be the trigger for gold’s next move higher — a major decline in equities — but he also discussed his bullish outlook on silver, which moved past US$40 not long after our interview.

Watch the full interview with Hathaway above.

We’re definitely entering uncharted territory right now, and I want to make sure I bring you commentary from the experts you want to hear from — drop a comment below to let me know who you’d like me to talk to, and also what questions you have.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

President Donald Trump issued his ‘last warning’ to Hamas to either release the remaining hostages or face the consequences.

‘Everyone wants the hostages HOME. Everyone wants this War to end,’ Trump wrote on Truth Social. ‘The Israelis have accepted my Terms. It is time for Hamas to accept as well.’

‘I have warned Hamas about the consequences of not accepting,’ he continued. ‘This is my last warning, there will not be another one! Thank you for your attention to this matter.’

Last month, Trump said the remaining hostages would only be returned when Hamas is ‘confronted and destroyed.’ At the time, Hamas was citing alleged progress in ceasefire talks.

In July, the U.S. and Israel pulled negotiators from Qatar after Trump’s envoy Steve Witkoff said Hamas showed a ‘lack of desire to reach a ceasefire’ and was likely not negotiating in good faith.

On Aug. 26, Witkoff told Fox News’ Bret Baier on ‘Special Report’ that he and Trump wanted the hostages home that week. 

‘There’s been a deal on the table for the last six or seven weeks that would have released 10 of the hostages out of the 20 who we think are alive,’ he said, noting that he believes Hamas is ‘100%’ to blame for the hold-up.

Witkoff did not elaborate on what is delaying the hostages’ return, nearly two years after they were taken in the Oct. 7, 2023, attack on Israel.

Fifty hostages continue to be held by Hamas, only 20 of whom are assessed to still be alive. 

Trump previously predicted in late August that there would be a ‘conclusive’ end to the war in Gaza within the next ‘two to three weeks,’ though he did not say how this would be accomplished. 

Israeli Prime Minister Benjamin Netanyahu has insisted that only a comprehensive ceasefire — one that ensures the return of all hostages and ends the war on Israel’s terms — will be considered.

Israel is preparing a new offensive in Gaza targeting Hamas, the Israel Defense Forces (IDF) said, as it expanded ground operations under Operation Gideon’s Chariots II.

IDF spokesperson Col. Avichay Adraee warned Palestinians in parts of Gaza City to leave ahead of an expected escalation. The warning included a map marking the area and highlighting one building the IDF planned to strike, citing ‘the presence of Hamas terrorist infrastructure inside or nearby.’

Fox News Digital’s Rachel Wolf and Danielle Wallace contributed to this report.

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