CTech’s Daily Israeli Tech News Roundup
Amazon plans to set up a shipping center in Israel. Israeli parliamentarian criticizes Israeli arms export policy.
Israeli lawmakers take a stand against Teva. The pharma company intends to lay-off 1700 people in Israel, and Israeli lawmakers are speaking up against the company that enjoys local tax benefits worth billions. Read more
WeWork meets with Israeli investors. A delegation of senior executives from real estate startup WeWork flew to Israel earlier this week for meetings with local institutional investors to “examine possible future collaborations.” Read more
I Squared buys power plants in Latin America for $1.2 billion. The private equity firm signed a deal to buy Lima-based energy company Inkia, owned by Israeli business magnate Idan Ofer. Read More
Israeli lawmaker criticizes Israeli arms export policy. Tamar Zandberg, a member of the Israeli parliament, referred in a Facebook post to a July incident in which Israel-based UAV manufacturer Aeronautics had allegedly carried out a live demonstration of one of its suicide drones on an Armenian army post, at the request of its client, the Azerbaijani army. Read more
Israeli pharma company plans to lay off a fifth of its workforce. NYSE-listed Protalix is attempting to streamline operations. Read more
Mylan's chairman was right. Two years ago, in the midst of a struggle for dominance between pharma companies Mylan and Teva, Mylan's chairman Robert J. Coury sent a brutal letter to Teva’s then-CEO Erez Vigodman. In hindsight, Mr. Coury was on the money. Read More