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The U.S. and Israel conduct a missile defense system test in Alaska. Photo: Israel's Ministry of Defense/Twitter

The U.S. and Israel secretly performed 3 tests of the Arrow 3 anti-ballistic missile system over the past 2 weeks at Kodiak Island, Alaska. Israeli officials say the tests were successful and the Arrow 3 intercepted all incoming missiles outside of the atmosphere.

Why it matters: This was the biggest missile test the U.S. and Israel have performed on American soil. An Israeli military gag order on press reports of the tests was lifted at 4am ET Sunday, after all Israeli troops had left Alaska. The Arrow 3's main goal is to intercept long-range missiles from Iran, possibly in the future involving a nuclear warhead.

A tweet previously embedded here has been deleted or was tweeted from an account that has been suspended or deleted.
  • This is a huge technological achievement. The Arrow 3 is the most sophisticated anti-ballistic missile system in the world.

The big picture: The test needed to take place in Alaska because it contains relatively open airspace. This allows the countries to perform such missile tests without endangering civilian aviation.

  • The U.S. Department of Defense funded most of the missile test as part of the ongoing U.S. support for the Arrow anti-ballistic missile program, which has been under development for more than a decade. The test was so strategic that Israel's ambassador to Washington, D.C., Ron Dermer, secretly traveled to Alaska to attend parts of it.

What they're saying: Israeli Prime Minister Netanyahu said at a Cabinet meeting Sunday that the Arrow 3 test shows Israel has the capability to act against the Iranian ballistic missile threat.

  • Senior Israeli defense officials said the test proves that Israel is several years ahead of the Iranians when it comes to missile technology.

Go deeper

Updated 53 mins ago - Economy & Business

Ubisoft workers demand company accountability in open letter

Photo: Frederic Brown / Getty Images

Close to 500 current and former employees of “Assassin’s Creed” publisher Ubisoft are standing in solidarity with protesting game developers at Activision Blizzard with a letter that criticizes their company's handling of sexual misconduct.

Why it matters: Ubisoft and Activision Blizzard workers are framing the actions as part of a bigger movement meant to have lasting change in the industry and its culture.

Companies deploy tech to prevent retail crime

Customers in a Home Depot in Pleasanton, California, in February 2021. Photo: David Paul Morris/Bloomberg via Getty Images

Retailers have a new edge for fighting theft: They're using technology to disable stolen goods — from iPhones to Black & Decker drills — and render them useless.

Why it matters: Organized retail crime has a considerable affect on retailers every year, costing them an average of $719,000 per $1 billion dollars in sales, according to estimates from the National Retail Federation.

Dan Primack, author of Pro Rata
1 hour ago - Podcasts

Spotify CEO Daniel Ek does a podcast on the future of podcasts

Spotify on Wednesday reported significant ad revenue growth from its podcast business, as part of its quarterly earnings disclosure.

Take a listen: Company founder and CEO Daniel Ek appeared on the Axios Re:Cap podcast to discuss how the podcast business model is changing, why he's spending big on exclusive shows and his personal favorites in both podcasting and music.

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