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Mossad Director David Barnea thanked the men and women working for the agency after the success of Israel’s Operation Rising Lion. He also expressed his appreciation to the U.S. — particularly the C.I.A. — for their work in countering Iran’s nuclear program.

‘These are historic days for the people of Israel. The Iranian threat, which endangered our security for decades, has been significantly thwarted thanks to the extraordinary cooperation between the IDF, which led the campaign, and the Mossad, which operated alongside it, with the support of our ally, the United States,’ Barnea said.

The Mossad, Israel’s equivalent of the C.I.A., had personnel in Iran ready for the launch of Operation Rising Lion, something that was revealed in unprecedented fashion when the agency released video of its operatives at work.

Ahead of the U.S. strikes in the early hours of Sunday morning, Iran time, there was speculation whether Washington and Jerusalem were coordinating. President Donald Trump made it clear after the strikes that he and Israeli Prime Minister Benjamin Netanyahu had been working together behind the scenes.

‘I want to thank and congratulate Prime Minister Bibi Netanyahu. We worked as a team — like perhaps no team has ever worked before — and we’ve gone a long way to erasing this horrible threat to Israel,’ Trump said in his address to the nation following the strikes on Iran.

While Barnea expressed his gratitude to Israeli and American forces alike, he also said that ‘the mission is not yet complete.’

‘The Mossad will continue, with determination, to monitor, track, and act to thwart the threats against us—just as we always have—for the sake of the State of Israel and its people,’ Barnea said.

Iran’s nuclear chief, Mohammad Eslami, said on Tuesday that the country was assessing the damage and preparing to restore the facilities, according to Reuters. He added that Iran’s ‘plan is to prevent interruptions in the process of production and services.’

Both Trump and Netanyahu vowed to respond if Iran rebuilds its nuclear program.

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The Medicaid debate among Senate Republicans continues to rage on, but a new proposal geared toward sating concerns over the survivability of rural hospitals could help to close the lingering fissures within the conference.

Senate Republicans are sprinting to finish their work on President Donald Trump’s ‘big, beautiful bill,’ which is filled with key priorities like making his first-term tax cuts permanent, funding his immigration and border security agenda, and rooting out waste, fraud and abuse across a variety of programs.

But lawmakers are still at odds over changes made in the Senate’s version of the bill to the Medicaid provider tax rate and the effects that it could have on rural hospitals, threatening to derail the legislation near the finish line.

A proposal making the rounds from the Senate Finance Committee obtained by Fox News Digital would create a separate stabilization fund that would go toward aiding and upgrading rural healthcare.

The committee’s proposal would allocate $3 billion annually to states that apply to the program over the next five fiscal years.

But that amount is too low for some senators and far too much for others.

Sen. Susan Collins, R-Maine, has been working on a similar proposal but would prefer a much higher fund of $100 billion. That number is unlikely to pass muster with her colleagues and still isn’t high enough for her.

‘I don’t think that solves the entire problem,’ she said. ‘The Senate cuts in Medicaid are far deeper than the House cuts and I think that’s problematic as well.’

Collins would prefer a return to the House GOP’s proposed changes to the provider tax rate, rather than the Senate’s harsher crackdown.

The Senate changes to the provider tax rate hit close to home for Collins, whose state’s rural hospitals are already in jeopardy because the state of Maine failed to advance its budget in time, leaving roughly $400 million in Medicaid funding that would have gone to rural hospitals in limbo.

‘Obviously any money is helpful. But no, it is not adequate,’ she said.

Indeed, the changes to the Medicaid provider tax rate, which were a stark departure from the House GOP’s version of the bill, angered the Republicans who have warned not to make revisions to the health care program that could shut down rural hospitals and boot working Americans from their benefits.

The Senate Finance Committee went further than the House’s freeze of the provider tax rate, or the amount that state Medicaid programs pay to healthcare providers on behalf of Medicaid beneficiaries, for non-Affordable Care Act expansion states and included a provision that lowers the rate in expansion states annually until it hits 3.5%.

However, Centers for Medicare & Medicaid Services (CMS) Administrator Dr. Mehmet Oz and some Senate Republicans have argued that the provider tax rate is a scam rife with fraud that actually harms rural hospitals more than it helps.

Sen. Rick Scott, R-Fla., was in the same camp, and has argued that the rate should be nixed completely. He has similarly pushed for a separate fund but wasn’t keen on the cost of the current proposal.

‘I don’t know that we need $15 billion,’ he said. ‘But this needs to be run by CMS.’

And others wanted to see more money injected into a stabilization fund.

‘I think $5 billion a year would more than make them whole,’ Sen. Roger Marshall, R-Kan., said.

He contended that, as the only lawmaker who has run a rural hospital, there are only roughly 12 million people on Medicaid in rural America, and that lawmakers should ‘tighten things up’ when it comes to funding the health care program.

He said that being on Medicaid was ‘not the same as having healthcare,’ and added that ‘at best, two thirds of doctors accept Medicaid, and even many of the specialists, when they say they do, they won’t give you an appointment for six months or a year.’

‘Medicaid is not the solution,’ he said. ‘It’s the most broken federal system up here.’ 

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The House Oversight Committee says it will subpoena top Biden family aide, Anthony Bernal, after the committee said he refused to testify as part of their investigation into former President Biden’s mental acuity and his use of an automatic signature tool that allowed aides to sign pardons, memos and other important documents on Biden’s behalf. 

‘Jill Biden’s longtime aide Anthony Bernal is DEFYING Congress and REFUSING to testify tomorrow about Joe Biden’s cognitive decline after the White House waived his executive privilege,’ the committee posted on X Wednesday after Bernal was expected to testify on Thursday morning.

‘He’s running scared. The cover-up is collapsing. We will subpoena him immediately.’

By proxy, as the first lady’s top aide, Bernal became one of the most influential people in the White House, according to recent reports, and he was expected to face tough questions about what he knew and when he knew about Biden’s mental decline.

‘No one spent more time, whether it was in the motorcade, on the plane, in the private residence at the White House, Camp David, and at both houses in Delaware, nobody spent more personal time around them and their family and the Biden family than Anthony,’ Democratic strategist Michael LaRosa, who served as press secretary to former first lady Jill Biden, told Fox News Digital. 

LaRosa told Fox News Digital that Bernal, former special assistant to Biden and deputy director of Oval Office Operations, was an ‘indispensable’ part of the Biden team whose top priority was ‘protecting the Bidens,’ even if it was politically harmful due to a ‘personal and emotional attachment’ that became more of a familial relationship than a professional one. 

Fox News Digital previously reported on how the book ‘Original Sin,’ by CNN anchor Jake Tapper and Axios political correspondent Alex Thompson, described Bernal as one of the most influential people in the White House who wielded loyalty as a weapon to weed out the defectors.

During the pandemic, Biden traded the campaign trail for lockdown. Bernal and Annie Tomasini, who is expected to testify next month, found their way into Joe and Jill Biden’s pod, shifting the power dynamic of Biden’s so-called ‘Politiburo,’ the group of advisors who steered Biden’s political orbit, the book explained. 

‘The significance of Bernal and Tomasini is the degree to which their rise in the Biden White House signaled the success of people whose allegiance was to the Biden family – not to the presidency, not to the American people, not to the country, but to the Biden theology,’ the authors wrote. 

‘Their instincts, to hide the ball on often frivolous issues is what ultimately got them in trouble,’ LaRosa told Fox News Digital about the ‘bunker mentality’ from Bernal and other aides around Biden. 

‘Their reflexive need to hide and protect was a deficiency and a blind spot and I never understood it.’

A former White House staffer fired back against Tapper and Thompson’s allegations about Bernal in a statement to Fox News Digital earlier this year.

‘A lot of vignettes in this book are either false, exaggerated, or purposefully omit viewpoints that don’t fit the narrative they want to push. Anthony was a strong leader with high standards and a mentor to many. He’s the type of person you want on a team – he’s incredibly strategic, effective, and cares deeply about the people he manages,’ the former White House staffer said. 

Politico reported in 2021 that Bernal’s management style was viewed by some as ‘toxic’ and would sometimes lead to crying staffers. 

LaRosa told Fox News Digital that Bernal has a ‘big heart’ but acknowledged he was one of the more ‘challenging’ people he had to work with. 

Bernal’s appearance before the committee, if it happens, follows testimony from former Biden aide Neera Tanden, who said she was authorized to direct autopen signatures but was unaware of who in the president’s inner circle was giving her final clearance.

When Tanden was asked whether she ever discussed Biden’s health or his fitness to serve as president during her time as a top aide, including during the period of the former president’s widely criticized debate performance last summer, Tanden said she did not. Lawmakers laid out a list of names of officials she could have potentially discussed it with, and Tanden said ‘no’ to each name, according to a source familiar with her closed-door testimony. 

Fox News Digital’s Liz Elkind, Alec Schemmel and Deirdre Heavey contributed to this report.

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Anthony Bernal, the former advisor to former first lady Jill Biden, is refusing to appear before the House Oversight Committee to be questioned about the alleged cover-up of former President Joe Biden’s mental decline.

Chair James Comer, R-Ky., said in a press release Tuesday that Bernal was refusing to appear on June 26 for a transcribed interview, as part of the committee’s investigation into the Biden cover-up, and also the potentially unauthorized use of autopen for executive actions and pardons.

‘Now that the White House has waived executive privilege, it’s abundantly clear that Anthony Bernal – Jill Biden’s so-called ‘work husband’ – never intended to be transparent about Joe Biden’s cognitive decline and the ensuing cover-up,’ Comer said. ‘With no privilege left to hide behind, Mr. Bernal is now running scared, desperate to bury the truth. The American people deserve answers and accountability, and the Oversight Committee will not tolerate this obstruction.’

The chairman added that if Bernal does not wish to come on his own, he will issue a subpoena to compel Bernal to provide testimony before the committee.

Letters obtained by Fox News Digital from a source familiar with the matter show the Trump administration will not allow the people of interest in Comer’s probe to use their past White House work as a legal shield.

Deputy Counsel to the President Gary Lawkowski sent the letters to former Biden Chief of Staff Ron Klain, former senior advisors Anita Dunn, Steve Ricchetti, Mike Donilon, Annie Tomasini, Bruce Reed, Ashley Williams and Bernal.

‘In light of the unique and extraordinary nature of the matters under investigation, President Trump has determined that an assertion of executive privilege is not in the national interest, and therefore is not justified, with respect to particular subjects within the purview of the House Oversight Committee,’ the letters said. ‘Those subjects include your assessment of former President Biden’s fitness for the office of the President and your knowledge of who exercised executive powers during his administration.’

Congressional Republicans and the White House are investigating whether the senior Biden aides in question played any role in keeping concerns about the former president’s mental acuity shielded from the public eye and even from lower-level White House staffers.

‘Just yesterday, we heard from our first witness, Neera Tanden, the former Staff Secretary who controlled the Biden autopen,’ Comer said Wednesday. ‘Ms. Tanden testified that she had minimal interaction with President Biden, despite wielding tremendous authority. She explained that to obtain approval for autopen signatures, she would send decision memos to members of the President’s inner circle and had no visibility of what occurred between sending the memo and receiving it back with approval.

‘Her testimony raises serious questions about who was really calling the shots in the Biden White House amid the President’s obvious decline,’ Comer continued. ‘We will continue to pursue the truth for the American people.’

Bernal’s team previously confirmed he would appear for a transcribed interview on June 26, 2025, according to Comer’s office. But yesterday, the White House counsel’s office notified Bernal that it was waiving executive privilege regarding the Oversight Committee’s investigation.

Bernal’s legal team then told the committee he would no longer appear for the interview.

Comer’s team said in the press release that during the last Congress, the chairman subpoenaed three key White House aides, including Bernal, who allegedly ran interference for Biden to cover up his decline.

Despite the subpoenas, the White House under Biden allegedly obstructed the committee’s investigation by refusing to make the aides available for interviews or depositions.

Fox News Digital’s Elizabeth Elkind contributed to this report.

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Nvidia CEO Jensen Huang sold 100,000 shares of the chipmaker’s stock on Friday and Monday, according to a filing with the U.S. Securities and Exchange Commission.

The sales are worth nearly $15 million at Tuesday’s opening price.

The transactions are the first sale in Huang’s plan to sell as many as 600,000 shares of Nvidia through the end of 2025. It’s a plan that was announced in March, and it’d be worth $873 million at Tuesday’s opening price.

The Nvidia founder still owns more than 800 million Nvidia shares, according to Monday’s SEC filing. Huang has a net worth of about $126 billion, ranking him 12th on the Bloomberg Billionaires Index.

The 62-year-old chief executive sold about $700 million in Nvidia shares last year under a prearranged plan, too.

Nvidia stock is up more than 800% since December 2022 after OpenAI’s ChatGPT was first released to the public. That launch drew attention to Nvidia’s graphics processing units, or GPUs, which were needed to develop and power the artificial intelligence service.

The company’s chips remain in high demand with the majority of the AI chip market, and Nvidia has introduced two subsequent generations of its AI GPU technology.

Nvidia continues to grow. Its stock is up 9% this year, even as the company faces export control issues that could limit foreign markets for its AI chips.

In May, the company reported first-quarter earnings that showed the chipmaker’s revenue growing 69% on an annual basis to $44 billion during the quarter.

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Chris Schwegmann is getting creative with how artificial intelligence is being used in law.

At Dallas-based boutique law firm Lynn Pinker Hurst & Schwegmann, he sometimes asks AI to channel Supreme Court Chief Justice John Roberts or Sherlock Holmes.

Schwegmann said after uploading opposing counsel’s briefs, he’ll ask legal technology platform Harvey to assume the role of a legal mind like Roberts to see how the chief justice would think about a particular problem.

Other times, he will turn to a fictional character like Holmes, unlocking a different frame of mind.

“Harvey, ChatGPT … they know who those folks are, and can approach the problem from that mindset,” he said. “Once we as lawyers get outside those lanes, when we are thinking more creatively involving other branches of science, literature, history, mythology, that sometimes generates some of the most interesting ideas that can then be put, using proper legal judgement, in a framework that works to solve a legal problem.”

It’s just one example of how smaller businesses are putting AI to work to punch above their weight, and new data shows there’s an opportunity for much more implementation in the future.

Only 24% of owners in the recent Small Business and Technology Survey from the National Federation of Independent Business said they are using AI, including ChatGPT, Canva and Copilot, in some capacity.

Notably, 98% of those using it said AI has so far not impacted the number of employees at their firms.

At his trial litigation firm of 50 attorneys, Schwegmann said AI is resolving work in days that would sometimes take weeks, and said the technology isn’t replacing workers at the firm.

It has freed up associate lawyers from doing “grunt work,” he said, and also means more senior-level partners have the time to mentor younger attorneys because everyone has more time.

The NFIB survey found AI use varied based on the size of the small business. For firms with employees in the single digits, uptake was at 21%. At firms with fifty or more workers, AI implementation was at nearly half of all respondents.

“The data show clearly that uptake for the smallest businesses lags substantially behind their larger competitors. … With a little attention from all the relevant stakeholders, a more equal playing field is possible,” the NFIB report said.

For future AI use, 63% of all small employers surveyed said the utilization of the technology in their industry in the next five years will be important to some degree; 12% said it will be extremely important and 15% said it will not be important at all.

Some of the most common uses in the survey were for communications, marketing and advertising, predictive analysis and customer service.

“We still have the need for the independent legal judgment of our associate lawyers and our partners — it hasn’t replaced them, it just augments their thinking,” Schwegmann said. “It makes them more creative and frees their time to do what lawyers do best, which is strategic thought and creative problem solving.”

The NFIB data echoes a recent survey from Reimagine Main Street, a project of Public Private Strategies Institute in partnership with PayPal.

Reimagine surveyed nearly 1,000 small businesses with annual revenue between $25,000 and $50,000 and also found that a quarter had already started integrating AI into daily workflows.

Schwegmann said at his firm, AI is helping to even the playing field.

“One of the things Harvey lets us do is review, understand and incorporate and respond much faster than we would prior to the use of these kinds of AI tools,” he said. “No longer does a party have an advantage because they can paper you to death.”

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The Spanish banking behemoth BBVA is considering its €14 billion hostile takeover of smaller rival Sabadell, following the Spanish government’s imposition of a five-year moratorium on combining the two banks’ operations, which casts doubt on the viability of projected cost savings.

Peio Belausteguigoitia, BBVA’s head of operations in Spain, said Wednesday that the bank would “shortly” determine whether to proceed with its unsolicited offer for Sabadell, emphasising that the bank was not likely to postpone its next step.

“All options remain on the table,” Belausteguigoitia stated, including withdrawing the offer completely or taking legal action in reaction to the government’s restrictions.

Regulatory conditions challenge synergies

On Tuesday, the Spanish government imposed a stipulation that BBVA and Sabadell may not merge for up to five years.

While Spanish law permits BBVA to acquire Sabadell stock, any future merger is subject to regulatory clearance, which gives the government considerable control over the outcome.

According to analysts, the freeze might leave BBVA with majority control of Sabadell but unable to undertake the integration required to obtain cost reductions, weakening the bid’s financial basis.

The most pressing concern for BBVA is the reconsideration of around €850 million in planned cost savings over two years.

Belausteguigoitia added that the bank is presently reviewing the ramifications of the government’s decision, with a particular emphasis on technological efficiencies.

IT and administrative savings in focus

BBVA has also argued that most of the synergies could be realised even without a total merger, especially in IT. Most of the synergies are in IT, Belausteguigoitia reiterated.

Until yesterday, BBVA estimated that approximately 450 million euros of the savings would come from administrative and IT measures.

But with the government also prohibiting any layoffs or closures, the bank may have fewer avenues through which to reduce costs.

These limitations have increased the paranoia of investors. BBVA shares were down 2.5% at 1004 GMT on Wednesday, while Sabadell stock fell by 1.5%.

Uncertainty looms as CNMV review nears

BBVA´s tender offer prospectus is still pending approval from Spain´s market regulator, CNMV, and more steps are to be seen once the regulator issues its approval.

Citi analysts wrote in a note to clients that they had not anticipated the government decision, which subsequently halted BBVA from moving forward with the tender.

However, they said the bank was likely to revise its cost synergy guidance and timelines following the review by the regulator.

At the same time, Sabadell is disputing BBVA’s claims about anticipated synergies. The bank’s spokesperson reiterated that BBVA needs to clarify how much in cost synergies BBVA expects, which Sabadell disputes.

Next steps: awaiting BBVA’s decision

With the offer hanging in the balance, BBVA has a limited time to decide on its next steps. While the merger can still proceed legally, the path to actual operational integration has been stalled for years, potentially putting BBVA in strategic limbo.

For the time being, the market is kept waiting as BBVA considers the new cost-benefit calculation of purchasing a bank that it may not be able to completely integrate for another half-decade.

It remains to be seen whether the promise of IT-driven savings is sufficient to justify pushing further, or whether BBVA will back out.

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Leaders of the North Atlantic Treaty Organization (NATO) have unanimously agreed to significantly increase defense spending to 5% of their Gross Domestic Product (GDP) at the summit in Hague.

This historic move, coming amidst an increasingly belligerent Russia, also saw the alliance’s 32 members renew their ironclad commitment to mutual defense, signaling a united front against evolving global security threats.

The decision represents a major triumph for U.S. President Donald Trump, who has been a vocal critic of European allies for their perceived underspending on security.

The summit itself was largely dominated by efforts to ensure continued U.S. engagement with the transatlantic alliance, a critical concern given growing fears that the U.S. might scale back its military presence in Europe.

Simultaneously, Ukraine’s allies are grappling with the challenge of mounting an effective response to Russia’s ongoing war in the country, now well into its fourth year.

NATO Secretary General Mark Rutte recently suggested that the Kremlin could be in a position to consider an attack on the alliance within five years, underscoring the urgency behind these decisions.

Addressing mounting security concerns

The new defense spending target marks a substantial increase from the current goal of 2% of GDP.

This ambitious escalation, detailed in the declaration, is a direct response to “profound security threats and challenges, in particular the long-term threat posed by Russia to Euro-Atlantic security and the persistent threat of terrorism.”

The declaration also reaffirmed NATO’s support for Ukraine, though notably omitted last year’s statement that the country’s future lies within the alliance.

Navigating financial hurdles and implementation

The new target, broken down into 3.5% for core defense spending and an additional 1.5% for related investments like infrastructure and cybersecurity, is the culmination of months of persistent coaxing by Secretary General Rutte.

It is expected to unleash trillions of dollars in defense spending across member states until 2035.

However, the feasibility of achieving this ambitious target remains an open question, particularly as many European countries contend with high levels of public debt.

Some nations, led by Spain, have already raised concerns about the necessity of such extensive spending to meet the new, ambitious lists of weapons and troops required as part of their NATO commitments.

Spain secured the wording change it sought in the statement: On Sunday, the group revised the draft language from “we commit” to “allies commit” to spending 5% on defense.

This adjustment gives Madrid the flexibility to maintain its position of targeting 2.1% of GDP, which it argues is sufficient to meet the alliance’s capability requirements.

To address these concerns, the allies have agreed that “the trajectory and balance of spending” will be subject to a review in 2029.

Additionally, direct contributions towards Ukraine’s defense will now count towards their military spending, providing a degree of flexibility.

During a closed-door session, German Chancellor Friedrich Merz conveyed the allies’ clear message to Russian President Vladimir Putin: “Don’t pick a fight with NATO”, said a Bloomberg report.

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Bumble Inc. announced on Wednesday that it will lay off roughly 240 employees — about 30% of its global workforce — as part of a broader restructuring effort aimed at reducing costs and boosting innovation in a maturing online dating market.

The announcement sent Bumble shares soaring more than 26% in early trading on Tuesday

The layoffs will result in non-recurring charges of between $13 million and $18 million for severance, benefits, and other related costs, which will largely be reflected in the third and fourth quarters of 2025, the company said.

However, Bumble expects the move to generate $40 million in annual cost savings, which it plans to reinvest in product and technology development.

BMBL Q2 outlook raised despite industry slowdown

Alongside the layoffs, Bumble raised its second-quarter revenue forecast to a range of $244 million to $249 million, an increase from its earlier guidance of $235 million to $243 million.

Q2 adjusted EBITDA is now expected to be between $88 million and $93 million, up from a prior guidance of $79 million to $84 million.

The revised outlook reflects optimism about a more stabilized financial performance, even as the dating app sector continues to wrestle with user fatigue and macroeconomic headwinds.

In the first quarter, Bumble posted revenue of $247.1 million, narrowly surpassing analyst expectations of $246.2 million, according to LSEG data.

The result included a foreign currency drag of nearly $5.9 million.

Despite reporting a 7% year-over-year revenue decline in Q1 and a slight dip in paying users — down nearly 1% to 2.7 million — Bumble’s ability to meet Wall Street estimates last month helped allay investor concerns as the shares jumped by more than 20% post the announcement.

Jamie Lumley, a fundamental analyst at Carbon Arc, noted after the Q1 results:

“Given that Bumble is in a mature market that is vulnerable to macroeconomic headwinds, there is some encouragement to be taken from these numbers about how Bumble can weather the current environment.”

The company has also trimmed its marketing spend by $20 million to help improve margins.

Bumble follows Tinder parent in layoffs as online dating sector faces headwinds

The restructuring mirrors a broader trend in the online dating space.

Last month, Match Group, which owns Tinder, said it would cut 13% of its workforce as part of its business revamp.

The online dating sector has faced headwinds, with persistent inflation and limited feature innovation driving users away from platforms like Tinder and Bumble.

Both companies are racing to reinvigorate their platforms with new features, including artificial intelligence tools designed to improve match quality and user experience.

Bumble has also trimmed its marketing spend by $20 million to help improve margins.

According to UBS, Bumble is now focused on a smaller but more engaged user base, shifting away from aggressive performance marketing.

“These efforts are expected to weigh on near-term payer growth and revenue,” UBS said in a note last month.

Stock rally follows JPMorgan’s downgrade this month

Despite the improved outlook and investor enthusiasm, skepticism remains.

JPMorgan downgraded Bumble stock to “underweight” earlier this month, citing declining US app downloads and weakening trends among Gen Z users.

“Online dating category remains challenged, with Gen Z product/market fit issues,” JPM said.

The brokerage maintained its price target of $5 per share, warning of further downside risks to revenue and net user additions in the second half of the year.

Bumble’s challenge remains balancing short-term financial discipline with long-term platform innovation — a task made more urgent by a softening user base and intensifying competition in the dating app industry.

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