In this week's edition of the Action Update, we'll discuss the
Israeli elections that just took place, the first signs of the Biden
administration acknowledging the reality on Iran, and the current state
of affairs in the effort to see the Chicago-based financial services
company cease using Environmental, Social, and Governance (ESG)
corporate ratings as a method for advancing the antisemitic BDS
movement.

Israelis Go to The Polls Again

As anyone even vaguely familiar with CUFI and the Action Fund knows, we
take no position on Israeli politics. We respect the decisions of the
people of Israel and their sovereign right to elect leaders as they see
fit.

Israel has a parliamentary system, so following the elections on
Tuesday, the party with the most support in the newly elected parliament
will receive an opportunity to form a coalition government with other
parties. There's no way to predict the outcome of these discussions,
and Israel has had five elections in the past four years.

On the face of it, that may seem a bit odd, but a key takeaway is that
despite disagreements that exist in all democracies, Israelis keep
showing up to the polls. In fact, this week's election is on track to
see exceptionally high voter turnout. Every Israeli citizen living in
Israel has the opportunity to vote. Minorities are represented in the
parliament, and the rights of all Israelis are protected by the
government.

We've often said that the U.S.-Israel relationship is based on shared
values, and this week's election shows that at its core, Israel is a
true, free and democratic ally of the United States.

The Biden Administration Sees the Light?

Robert Malley is the Biden administration's special envoy for Iran.
Perhaps more than anyone else in the Biden administration, Malley has
been wrong on everything related to his current post. But at a recent
event hosted by the Carnegie Endowment for International Peace, Malley
finally admitted what all of us have known to be true: the Iran
negotiations are effectively in a coma.

Speaking about negotiations with the Islamic Republic, Malley said,
"It's really not our focus now. We are not going to focus on
something that is inert when other things are happening."

Malley then went on to discuss the protests taking place in Iran and
Tehran's decision to provide Russia with weapons to kill innocent
Ukrainians. On their own, these comments could be met with a sigh of
relief. But Malley also made the point that Team Biden "makes no
apology" for "trying to do everything we can to prevent Iran from
acquiring a nuclear weapon." And he did not go so far as to say that
there would be no negotiations in the future.

Malley may hope for future negotiations. We hope the people of Iran take
their country back from the tyrants that have tormented them for 40
years.

Morningstar Makes Some Promises

On Monday, Morningstar, which has been aiding and abetting BDS in
American investments through biased ESG ratings of Israeli companies,
released a statement making certain promises to fix their BDS problem.
These assurances go beyond the third-party report Morningstar has been
hiding behind for months, but Morningstar now needs to live up to its
public statements and private commitments.

Actions speak louder than words, and we're not alone in this view. In
fact, within hours of the Morningstar statement, the office of Arizona
State Treasurer Kimberly Yee released a statement making clear that her
office's investigation into Morningstar would continue. We are
grateful to her for her strong support of Israel and leadership on this
issue. There are numerous other investigations into Morningstar in state
capitals across the country and we've no expectation they will
conclude until Morningstar's promotion of BDS ends.

As always, we want to express our deepest gratitude to our readers for
standing with Israel and staying up to date on the vital issues facing
the Jewish state. Without you, we could not do our part to strengthen
the U.S.-Israel relationship and hold the Jewish state's
adversaries' feet to the fire. Please click here
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make a gift to the Action Fund so we can continue this work and ensure
your voice is heard in Washington and state capitals across the country.

Sincerely,

The CUFI Action Fund Team <[link removed]>

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