Norway’s fund cuts Israeli stakes, courts pro-Israel execs
The Brooklynites headed to the Blue Ridge Mountains
Good Tuesday morning.
In today’s Daily Kickoff, we cover concerns from a bipartisan group of legislators that the Trump administration is withholding information about Nonprofit Security Grant Program allocations, and report on the decision by Norway’s sovereign wealth fund to divest from nearly a dozen Israeli companies even as it continues to court top American pro-Israel executives. We cover the University of Washington’s pursuit of criminal charges against anti-Israel student vandals on the campus, and spotlight an initiative to create a new thriving Orthodox Jewish community in North Carolina’s Blue Ridge Mountains. Also in today’s Daily Kickoff: Eric Goldstein, Larry Ellison and Tzvika Mor.
What We’re Watching
- A delegation of freshman House Democrats are in Israel this week with the AIPAC-affiliated American Israel Education Foundation while the House is in August recess. Read more on the trip from Jewish Insider’s Marc Rod here.
- Iranian senior security official Ali Larijani is in Lebanon today as part of his first trip abroad since being named head of Iran’s Supreme National Security Council earlier this month. Larijani traveled to Beirut after a stop in Iraq. He’s spending three days in Lebanon as the government in Beirut pushes for the disarmament of Iranian proxy Hezbollah.
What You Should Know
A QUICK WORD WITH JI’S GABBY DEUTCH
Seven months into the second Trump term, it’s clear that many of the country’s top universities are scared of President Donald Trump.
The schools rely on federal funding to power much of the research that has made them into academic powerhouses, so if that funding dries up — a punishment, the Trump administration says, for universities’ failure to deal with antisemitism — their work will be imperiled.
As a result, some universities have taken proactive steps to address antisemitism in the hopes of fending off the ire of the Trump administration. But the White House does not view these actions as good-faith gestures. Instead, the administration is increasingly taking advantage of schools’ acknowledgments of past failings as an admission of guilt — and it is responding in a correspondingly punitive way.
The new chancellor of UCLA took office this year with the stated mission of fighting antisemitism and improving the campus climate following the disastrous 2023-2024 school year that saw violent clashes on the campus. Last month, the university agreed to pay $6 million to settle a lawsuit filed by Jewish students and faculty members who alleged that UCLA permitted antisemitic conduct during the spring 2024 anti-Israel encampment. The chair of the University of California Board of Regents said the settlement was an important step toward fostering “a safe, secure and inclusive environment.”
Yet on the same day UCLA announced the settlement, the Justice Department found UCLA to be in violation of federal civil rights law, stating the school “failed to adequately respond to complaints of severe, pervasive, and objectively offensive harassment and abuse” by Jewish and Israeli students after the Oct. 7, 2023, Hamas terror attacks. And last week, the Trump administration reportedly demanded that UCLA pay an eye-popping $1 billion to settle federal investigations into its handling of antisemitism, race-based admissions policies and transgender issues.
Dividends and Divisions
Norway’s sovereign wealth fund cuts Israeli holdings, while courting top American pro-Israel execs

Norway’s sovereign wealth fund said on Monday that it was divesting from 11 Israeli companies and had terminated its contracts with external fund managers in Israel over concerns regarding the humanitarian crisis in Gaza and the West Bank, Jewish Insider’s Matthew Kassel reports.
Background: The decision follows a review initiated last week by Norway’s finance minister amid media reports that the fund had in recent years increased its holdings in an Israeli jet engine company that provides services to the Israeli military. Nicolai Tangen, CEO of Norges Bank Investment Management, which manages the Norwegian Sovereign Wealth Fund, has worked to build relationships with American business leaders who are supportive of Israel whom he has hosted on his podcast in recent years, including Michael Dell of Dell Technologies and Jonathan Gray of Blackstone — who among others have prominently engaged in philanthropic efforts to support Israel following the Oct. 7 attacks.






































































