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US President Joe Biden urges caution in Israel, as traders bet against the Israeli shekel. The weakening shekel may impact Israel's economy, and the Bank of Israel focuses on currency stabilization. Netflix's subscriber growth is discussed, along with the potential delay of a major US tech deal.
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- The US and Israel have reached an agreement to allow humanitarian aid into Gaza, indicating the pressing need for support and underscoring the ongoing conflict's human toll.
- Investors are betting against the Israeli Shekel, reflecting concerns over the potential escalation of the Israel-Hamas conflict and its economic implications for Israel.
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US and Israeli agreement to allow aid into Gaza
Following a meeting between US President Joe Biden and the Israeli cabinet, an agreement has been reached to allow humanitarian aid into Gaza. The US will be providing $100 million of aid to support food, medicine, and vital necessities for conflict-affected Palestinians. The deal comes after a catastrophic explosion in a Gaza hospital, which overshadowed Biden's visit to Israel. The attack raises questions about America's relationship with the Middle East and the potential fallout for Israel's ground offensive in Gaza.
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