Arab Israeli Conflict
Middle East News
Hi Tech News
Morning flights halted at Ben-Gurion, public transit to operate as usual.
Teva's shares rallied on Thursday in response to the proposed cutbacks, rising more than 15% in one day on the Tel Aviv stock exchange, as of 4pm Israel time.
The Petah Tikva-based company seeks to reduce its expenses by $1.5 billion to $2 billion in the next two years.
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