Shea Levin — text status

Jared Kushner’s Affinity Partners has become the largest shareholder in Israel’s Phoenix Financial, holding a 7.4% stake currently valued at more than $1 billion. CNN reports that the investment has grown substantially as Kushner continues serving as an unpaid negotiator on Gaza. Phoenix holds investments in several Israeli defense-linked companies, though Affinity does not directly own those holdings. CNN found no evidence that Kushner’s diplomatic role influenced Phoenix’s investments, and Kushner’s attorney said he has no involvement in the company’s investment decisions.