New York developer Marty Berger’s Saber-Hightower and its partners have secured $135 million to build a 17-story apartment tower at Ridge Hill in Yonkers. The financing includes a $92 million construction loan from Bank OZK and $43 million invested by Eagle Realty Group. Called The Ibex at Ridge Hill, the building will have 282 rental apartments, including 28 affordable units, plus a swimming pool, fitness center, coworking space and rooftop deck. Construction is underway, with completion expected in 2028. Saber-Hightower is developing the project with Rafferty Real Estate and Eagle Realty Group.

Jewish Congressman Steve Cohen of Tennessee introduced legislation Thursday that would remove mariju8na from the federal Controlled Substances Act. The proposal goes beyond easing restrictions and would end its prohibition under that law. It has not passed, and state restrictions would still matter. The bill would also eliminate mandatory minimum dr0g sentences based on dr0g weight and make scientific research easier. Cohen said America’s dr0g policies need a major overhaul, arguing that harsh sentences have disproportionately harmed minorities. The measure would preserve enforcement tools against major dr0g traffickers.

Israeli music mogul Guy Oseary’s Sound Ventures is partnering with RedBird Capital Partners to invest $1 billion in technology, media and entertainment businesses. The partnership will back growing companies, including those building artificial intelligence tools. Sound Ventures already invested in OpenAI and Anthropic, the companies behind ChatGPT and Claude. RedBird will bring its funding network and AI investment team to help select and support businesses. The firms have not announced their first investments under the partnership.

Ehud Schneorson, former commander of Israel’s elite military intelligence Unit 8200, is leaving his management role at cyber company Paragon to join Ribon. The Israeli startup reportedly raised about $200 million and is already valued at more than $1.5 billion. Ribon was founded by Idan Nurick, Schneorson’s former subordinate and fellow Paragon founder. The company is keeping its work largely private. Schneorson will remain an adviser to Paragon, which he helped build before its sale to an American investment firm.

The NYPD has dropped plans to directly award Israeli company Cognyte a roughly $750,000 contract for technology that locates cellphones. The change followed criticism from privacy advocates and progressive politicians, including allies of Mayor Zohran Mamdani, who warned the system could be used to monitor protesters. Police said the purchase did not qualify for a contract without competing bids. Cognyte can still compete for the deal, meaning its technology has not been banned. The proposed three year purchase included equipment, training and support for police investigations.

A cargo ship operating for Israeli shipping company ZIM sank in the Black Sea after three explosive sea drones struck it off Bulgaria. All 18 crew members were rescued and brought safely ashore. The ship, Contship Jet, had departed Haifa for Romania. The Greek owned vessel was carrying 421 containers when it went down early Thursday. ZIM said it was arranging a replacement ship to maintain deliveries. Authorities are investigating who carried out the attack.

Donors gave more than $1.3 billion to over 12,000 charities worldwide through New York’s Jewish Communal Fund during its 2026 fiscal year. That averages more than $3.5 million every day, supporting schools, healthcare, struggling families and Jewish communities. The total included $165.6 million for Israel related causes and $527 million for Jewish organizations. Led by CEO Rachel Schnoll, the fund helps donors manage their charitable giving. Annual donations through the fund have more than tripled since 2016.

Jewish billionaire Sam Altman is urging companies to make protecting their systems from AI threats their immediate priority, ahead of using the technology to get more work done. Speaking at Oracle AI World in Las Vegas, the OpenAI CEO said he was shocked by how many software security flaws AI systems were uncovering. Those weaknesses could give attackers ways into company systems. Altman said fixing every flaw individually would be too difficult and called for services that continuously monitor activity and stop attacks. Oracle CEO Clay Magouyrk said AI was exposing security problems built into software over decades.