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What’s on Naftali Bennett’s to-do list as Israel’s new PM

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Naftali Bennett is officially Israel’s new Prime Minister

The leader of the right-wing Yamina party was sworn in as the new Israeli prime minister on Sunday night, sending ­Benjamin Netanyahu out after his 12-year ruling.

This came after the new coalition government, headed by Bennett and Yair Lapid, leader of the centrist Yesh Atid party, was approved by the parliament in a vote of confidence.

In the vote of confidence held in the parliament, 60 lawmakers of the 120-­member chamber voted in favor of the new government while 59 voted against.

Footage from inside parliament depicted Bennett and Lapid taking their new seats in the coalition area in the parliament, while Netanyahu moved to the back seats of the opposition.

At the same time, the 27 new ministers of the new governing coalition were also sworn in.

Political experts say the forming of the new coalition government has ended a political crisis in Israel, which has seen four elections in two years.

Netanyahu, aged 71, has been the most dominant figure in the Israeli political scene in recent decades.

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

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Global markets hit record highs all thanks to AI

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Is AI the main contributor behind the soaring markets in Australia, the US, Japan, and Germany?

Financial markets worldwide have witnessed record highs, creating a wave of optimism among investors.

The surge is attributed to a combination of positive economic indicators, policy developments, and the integration of AI across key economies, including Australia, the United States, Japan, and Germany. #ticker today #featured

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Dune Part 2 sets box office ablaze with $178m worldwide

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As “Dune: Part Two” continues its intergalactic journey on the silver screen, director Denis Villeneuve’s epic sequel has ignited the international box office, amassing a stellar $97 million from 71 overseas markets.

This impressive overseas performance has propelled the film’s global tally to a promising $178.5 million, further solidifying its status as a cinematic force to be reckoned with.

Starring powerhouse talents such as Timothée Chalamet and Zendaya, “Dune: Part Two” has captured the imagination of audiences worldwide, earning widespread acclaim and enthusiastic support.

The film’s success in North American theaters, where it secured the biggest domestic opening weekend of the year with $81.5 million, has been complemented by robust ticket sales in international territories.

Large formats

The immense popularity of “Dune: Part Two” has been particularly evident in premium large formats, such as Imax, which accounted for 48% of initial sales, driving up the film’s revenue even further. Mary Parent, producer of “Dune,” remarked on the film’s cultural impact, expressing confidence in its longevity at the box office.

Despite facing challenges due to the hefty production and promotional costs—reportedly totaling $190 million and $100 million respectively—the sequel has already demonstrated its box office prowess, surpassing expectations in its initial run.

With a global audience eagerly embracing the continuation of Frank Herbert’s epic saga, “Dune: Part Two” is poised for a successful box office run.

The film’s international debut marks a significant milestone in Villeneuve’s career, achieving the largest opening weekend in all 71 markets—a testament to its universal appeal. Notable highlights include the United Kingdom, where it earned $11.8 million, as well as France ($9.6 million), Germany ($9.1 million), Korea ($6.9 million), and Australia ($6 million).

With upcoming releases in key markets such as China and Japan, “Dune: Part Two” is poised to further bolster its global box office performance.

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Can’t beat ’em, buy ’em – Will Apple buy an EV maker next?

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Tesla’s competitors, including Rivian, Lucid, and Fisker, find themselves grappling with significant challenges, sparking speculation about potential acquisitions and partnerships within the industry.

Rivian, once hailed as a formidable rival to Tesla, has faced a stark reversal of fortunes.

Following a disappointing quarter and outlook, the company announced a workforce reduction of approximately 10%, while its market capitalization plummeted from a peak of $153 billion in 2021 to $11 billion.

Speculation arose about tech giant Apple considering an acquisition of Rivian, with industry experts citing the company’s low valuation as a potential attraction.

Gene Munster, managing partner of Deepwater Asset Management, suggested that Apple, having recently abandoned its own EV project, might view Rivian as an opportunity to enter the EV market.

Apple’s bad luck

While Apple’s history of acquisitions has been relatively conservative, Munster emphasized the potential significance of such a move for the tech giant.

Meanwhile, Tesla CEO Elon Musk offered a grim assessment of Rivian’s prospects, highlighting the urgency for cost-cutting measures and operational improvements. Musk’s remarks underscored the precarious position facing Rivian as it navigates through challenging market conditions.

In a similar vein, Lucid Motors has experienced a substantial decline in its market capitalization, dropping from a peak of $91.4 billion to $7.6 billion.

The company’s production targets have been revised downwards significantly, leading to speculation about its future viability. Despite rumors of a potential acquisition by Saudi Arabia’s sovereign wealth fund, no such deal has materialized, leaving Lucid to confront its operational and financial hurdles independently.

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