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Category: Americas

  • MIL-OSI Global: Appeals court ruling grants Donald Trump broad powers to deploy troops to American cities

    Source: The Conversation – Canada – By Jack L. Rozdilsky, Associate Professor of Disaster and Emergency Management, York University, Canada

    Residents of Los Angeles will need to get used to federally controlled National Guard troops operating on their streets. Due to a ruling from an appeals court on June 19, United States President Donald Trump now has broad authority to deploy military forces in American cities.

    This is a troubling development. All presidents have held in their grasp extraordinary powers to deploy military troops domestically. But Trump stands apart with his apparent keen interest in manufacturing false emergencies to exploit extraordinary power.

    An 1878 law called the Posse Comitatus Act restricts using the military for domestic law enforcement. The broader principle being challenged by Trump’s actions in L.A. is the norm of the military not being allowed to interfere in the affairs of civilian governance.

    Injunctions and appeals

    Five months into Trump’s presidency, L.A. has been targeted for aggressive immigration enforcement. In their pluralistic city where dozens of languages and nationalities peacefully co-exist, some Angelenos believe the city is experiencing an attack on its most essential social fabric.

    On June 7, Trump acted under United States Code Title 10 provisions to take over command and control of California’s National Guard. Federalized military forces were deployed.

    The objective was to counter what Trump argued was a form of rebellion against the authority of the government of the United States. In fact, these “rebellions” were largely peaceful protests in downtown L.A.

    On June 9, the U.S. District Court for the Northern District of California granted an injunction restraining the president’s use of military force in L.A. The court order supported Gov. Gavin Newsom’s contention that Trump overstepped his authority.

    On June 19, a decision from a panel of judges at the U.S. Court of Appeals for the Ninth Circuit overturned the injunction.

    What this means at the moment is that Trump does not have to return control of the troops to Newsom. California has options to continue litigation by asking the Federal Appeals Court to rehear the matter, or perhaps directly asking the U.S. Supreme Court to intervene.

    Moving toward authoritarianism

    Trump’s June 7 memorandum facilitating his move to overrule Newsom’s authority and seize control of 2,000 National Guard troops was based on the president defining his own so-called emergency.

    He claimed incidents of violence and disorder following aggressive immigration enforcement amounted to a form of rebellion against the U.S.

    As Trump flexes his emergency power might, his second term has been called the 911 presidency. He has used extraordinary emergency powers at a pace well beyond his predecessors, pressing the limits to address his administration’s supposed sense of serious perils overtaking the nation.

    Issues arise when the level of actual danger locally is not at all representative of what the president suggests is a full-scale national emergency. For example, demonstrations over immigration raids occupied only a tiny parcel of real estate in L.A.’s huge metropolitan area. A Los Angeles-based rebellion against the U.S. was not occurring.

    As dissent over aggressive immigration enforcement actions grew, localized clashes with law enforcement did occur. Mutual aid surged into Los Angeles, where neighbouring California law enforcement agencies acted to assist one another. The law enforcement challenges never rose to the level of the governor of California requesting additional federal support.

    Shortly after the federal government took over the California National Guard, Newsom said the move was purposefully inflammatory.

    In addition to declaring dubious emergencies to amass power, stoking violence is a characteristic of authoritarian rulers. Creating fear, division and feelings of insecurity can lead to community crises. Trump did not need to wait for a crisis; it seems he simply invented one.

    No guardrails

    The expression “out of kilter” comes to mind as Trump inches closer to invoking the Insurrection Act of 1807. If so, the situation will look quite similar in practice to what is happening now in Los Angeles.

    Five years ago, Trump flirted with invoking the Insurrection Act during Black Lives Matter unrest in Washington, D.C., in and around Lafayette Park.

    As recent L.A. protests intensified, Trump stated: “We’re going to have troops everywhere.”

    Currently, there are few guardrails in place to prevent a rogue president from misusing the military in domestic civilian affairs. Trump has been coy about whether he would tap into the greater powers available to him under the Insurrection Act.

    Real emergencies presenting existential threats to America do persist. Nuclear proliferation, climate change and pandemics need serious leaders. But politically exploiting last-resort emergency laws designed to provide options to deal with genuine existential threats — not to weaponize them against protesters demonstrating against public policy — is absurd.

    Jack L. Rozdilsky receives support for research communication and public scholarship from York University. He also has received research support from the Canadian Institutes of Health Research.

    – ref. Appeals court ruling grants Donald Trump broad powers to deploy troops to American cities – https://theconversation.com/appeals-court-ruling-grants-donald-trump-broad-powers-to-deploy-troops-to-american-cities-258894

    MIL OSI – Global Reports –

  • MIL-OSI Global: To spur the construction of affordable, resilient homes, the future is concrete

    Source: The Conversation – USA – By Pablo Moyano Fernández, Assistant Professor of Architecture, Washington University in St. Louis

    A modular, precast system of concrete ‘rings’ can be connected in different ways to build a range of models of energy-efficient homes. Pablo Moyano Fernández, CC BY-SA

    Wood is, by far, the most common material used in the U.S. for single-family home construction.

    But wood construction isn’t engineered for long-term durability, and it often underperforms, particularly in the face of increasingly common extreme weather events.

    In response to these challenges, I believe mass-produced concrete homes can offer affordable, resilient housing in the U.S. By leveraging the latest innovations of the precast concrete industry, this type of homebuilding can meet the needs of a changing world.

    Wood’s rise to power

    Over 90% of the new homes built in the U.S. rely on wood framing.

    Wood has deep historical roots as a building material in the U.S., dating back to the earliest European settlers who constructed shelters using the abundant native timber. One of the most recognizable typologies was the log cabin, built from large tree trunks notched at the corners for structural stability.

    Log cabins were popular in the U.S. during the 18th and 19th centuries.
    Heritage Art/Heritage Images via Getty Images

    In the 1830s, wood construction underwent a significant shift with the introduction of balloon framing. This system used standardized, sawed lumber and mass-produced nails, allowing much smaller wood components to replace the earlier heavy timber frames. It could be assembled by unskilled labor using simple tools, making it both accessible and economical.

    In the early 20th century, balloon framing evolved into platform framing, which became the dominant method. By using shorter lumber lengths, platform framing allowed each floor to be built as a separate working platform, simplifying construction and improving its efficiency.

    The proliferation and evolution of wood construction helped shape the architectural and cultural identity of the nation. For centuries, wood-framed houses have defined the American idea of home – so much so that, even today, when Americans imagine a house, they typically envision one built of wood.

    A suburban housing development from the 1950s being built with platform framing.
    H. Armstrong Roberts/ClassicStock via Getty Images

    Today, light-frame wood construction dominates the U.S. residential market.

    Wood is relatively affordable and readily available, offering a cost-effective solution for homebuilding. Contractors are familiar with wood construction techniques. In addition, building codes and regulations have long been tailored to wood-frame systems, further reinforcing their prevalence in the housing industry.

    Despite its advantages, wood light-frame construction presents several important limitations. Wood is vulnerable to fire. And in hurricane- and tornado-prone regions, wood-framed homes can be damaged or destroyed.

    Wood is also highly susceptible to water-related issues, such as swelling, warping and structural deterioration caused by leaks or flooding. Vulnerability to termites, mold, rot and mildew further compromise the longevity and safety of wood-framed structures, especially in humid or poorly ventilated environments.

    The case for concrete

    Meanwhile, concrete has revolutionized architecture and engineering over the past century. In my academic work, I’ve studied, written and taught about the material’s many advantages.

    The material offers unmatched strength and durability, while also allowing design flexibility and versatility. It’s low-cost and low-maintenance, and it has high thermal mass properties, which refers to the material’s ability to absorb and store heat during the day, and slowly release it during the cooler nights. This can lower heating and cooling costs.

    Properly designed concrete enclosures offer exceptional performance against a wide range of hazards. Concrete can withstand fire, flooding, mold, insect infestation, earthquakes, hail, hurricanes and tornadoes.

    It’s commonly used for home construction in many parts of the world, such as Europe, Japan, Mexico, Brazil and Argentina, as well as India and other parts of Southeast Asia.

    However, despite their multiple benefits, concrete single-family homes are rare in the U.S.

    That’s because most concrete structures are built using a process called cast-in-place. In this technique, the concrete is formed and poured directly at the construction site. The method relies on built-in-place molds. After the concrete is cast and cured over several days, the formwork is removed.

    This process is labor-intensive and time-consuming, and it often produces considerable waste. This is particularly an issue in the U.S., where labor is more expensive than in other parts of the world. The material and labor cost can be as high as 35% to 60% of the total construction cost.

    Portland cement, the binding agent in concrete, requires significant energy to produce, resulting in considerable carbon dioxide emissions. However, this environmental cost is often offset by concrete’s durability and long service life.

    Concrete’s design flexibility and structural integrity make it particularly effective for large-scale structures. So in the U.S., you’ll see it used for large commercial buildings, skyscrapers and most highways, bridges, dams and other critical infrastructure projects.

    But when it comes to single-family homes, cast-in-place concrete poses challenges to contractors. There are the higher initial construction costs, along with a lack of subcontractor expertise. For these reasons, most builders and contractors stick with what they know: the wood frame.

    A new model for home construction

    Precast concrete, however, offers a promising alternative.

    Unlike cast-in-place concrete, precast systems allow for off-site manufacturing under controlled conditions. This improves the quality of the structure, while also reducing waste and labor.

    The CRETE House, a prototype I worked on in 2017 alongside a team at Washington University in St. Louis, showed the advantages of a precast home construction.

    To build the precast concrete home, we used ultra-high-performance concrete, one of the latest advances in the concrete industry. Compared with conventional concrete, it’s about six times stronger, virtually impermeable and more resistant to freeze-thaw cycles. Ultra-high-performance concrete can last several hundred years.

    The strength of the CRETE House was tested by shooting a piece of wood at 120 mph (193 kph) to simulate flying debris from an F5 tornado. It was unable to breach the wall, which was only 2 inches (5.1 centimeters) thick.

    The wall of the CRETE House was able to withstand a piece of wood fired at 120 mph (193 kph).

    Building on the success of the CRETE House, I designed the Compact House as a solution for affordable, resilient housing. The house consists of a modular, precast concrete system of “rings” that can be connected to form the entire structure – floors, walls and roofs – creating airtight, energy-efficient homes. A series of different rings can be chosen from a catalog to deliver different models that can range in size from 270 to 990 square feet (25 to 84 square meters).

    The precast rings can be transported on flatbed trailers and assembled into a unit in a single day, drastically reducing on-site labor, time and cost.

    Since they’re built using durable concrete forms, the house can be easily mass-produced. When precast concrete homes are mass-produced, the cost can be competitive with traditional wood-framed homes. Furthermore, the homes are designed to last far beyond 100 years – much longer than typical wood structures – while significantly lowering utility bills, maintenance expenses and insurance premiums.

    The project is also envisioned as an open-source design. This means that the molds – which are expensive – are available for any precast producer to use and modify.

    The Compact House is made using ultra-high-performance concrete.
    Pablo Moyano Fernández, CC BY-SA

    Leveraging a network that’s already in place

    Two key limitations of precast concrete construction are the size and weight of the components and the distance to the project site.

    Precast elements must comply with standard transportation regulations, which impose restrictions on both size and weight in order to pass under bridges and prevent road damage. As a result, components are typically limited to dimensions that can be safely and legally transported by truck. Each of the Compact House’s pieces are small enough to be transported in standard trailers.

    Additionally, transportation costs become a major factor beyond a certain range. In general, the practical delivery radius from a precast plant to a construction site is 500 miles (805 kilometers). Anything beyond that becomes economically unfeasible.

    However, the infrastructure to build precast concrete homes is already largely in place. Since precast concrete is often used for office buildings, schools, parking complexes and large apartments buildings, there’s already an extensive national network of manufacturing plants capable of producing and delivering components within that 500-mile radius.

    There are other approaches to build homes with concrete: Homes can use concrete masonry units, which are similar to cinder blocks. This is a common technique around the world. Insulated concrete forms involve rigid foam blocks that are stacked like Lego bricks and are then filled with poured concrete, creating a structure with built-in insulation. And there’s even 3D-printed concrete, a rapidly evolving technology that is in its early stages of development.

    However, none of these use precast concrete modules – the rings in my prototypes – and therefore require substantially longer on-site time and labor.

    To me, precast concrete homes offer a compelling vision for the future of affordable housing. They signal a generational shift away from short-term construction and toward long-term value – redefining what it means to build for resilience, efficiency and equity in housing.

    An image of North St. Louis, taken from Google Earth, showing how vacant land can be repurposed using precast concrete homes.
    Pablo Moyano Fernández, CC BY-SA

    This article is part of a series centered on envisioning ways to deal with the housing crisis.

    Pablo Moyano Fernández does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. To spur the construction of affordable, resilient homes, the future is concrete – https://theconversation.com/to-spur-the-construction-of-affordable-resilient-homes-the-future-is-concrete-254561

    MIL OSI – Global Reports –

  • MIL-OSI Global: No country for old business owners: Economic shifts create a growing challenge for America’s aging entrepreneurs

    Source: The Conversation – USA – By Nancy Forster-Holt, Clinical Associate Professor of Innovation and Entrepreneurship, University of Rhode Island

    Americans love small businesses. We dedicate a week each year to applauding them, and spend Small Business Saturday shopping locally. Yet hiding in plain sight is an enormous challenge facing small business owners as they age: retiring with dignity and foresight. The current economic climate is making this even more difficult.

    As a professor who studies aging and business, I’ve long viewed small business owners’ retirement challenges as a looming crisis. The issue is now front and center for millions of entrepreneurs approaching retirement. Small enterprises make up more than half of all privately held U.S. companies, and for many of their owners, the business is their retirement plan.

    But while owners often hope to finance their golden years by selling their companies, only 20% of small businesses are ready for sale even in good times, according to the Exit Planning Institute. And right now, conditions are far from ideal. An economic stew of inflation, supply chain instability and high borrowing costs means that interest from potential buyers is cooling.

    For many business owners, retirement isn’t a distant concern. In the U.S., baby boomers – who are currently 61 to 79 years old – own about 2.3 million businesses. Altogether, they generate about US$5 billion in revenue and employ almost 25 million people. These entrepreneurs have spent decades building businesses that often are deeply rooted in their communities. They don’t have time to ride out economic chaos, and their optimism is at a 50-year low.

    New policies, new challenges

    You can’t blame them for being gloomy. Recent policy shifts have only made life harder for business owners nearing retirement. Trade instability, whipsawing tariff announcements and disrupted supply chains have eroded already thin margins. Some businesses – generally larger ones with more negotiating power – are absorbing extra costs rather than passing them on to shoppers. Others have no choice but to raise prices, to customers’ dismay. Inflation has further squeezed profits.

    At the same time, with a few notable exceptions, buyers and capital have grown scarce. Acquirers and liquidity have dried up across many sectors. The secondary market – a barometer of broader investor appetite – now sees more sellers than buyers. These are textbook symptoms of a “flight to safety,” a market shift that drags out sale timelines and depresses valuations – all while Main Street business owners age out. These entrepreneurs typically have one shot at retirement – if any.

    Adding to these woes, many small businesses are part of what economists call regional “clusters,” providing services to nearby universities, hospitals and local governments. When those anchor institutions face budget cuts – as is happening now – small business vendors are often the first to feel the impact.

    Research shows that many aging owners actually double down in weak economic times, sinking increasing amounts of time and money in a psychological pattern known as “escalating commitment.” The result is a troubling phenomenon scholars refer to as “benign entrapment.” Aging entrepreneurs can remain attached to their businesses not because they want to, but because they see no viable exit.

    This growing crisis isn’t about bad personal planning — it’s a systemic failure.

    Rewriting the playbook on small business policy

    A key mistake that policymakers make is to lump all small business owners together into one group. That causes them to overlook important differences. After all, a 68-year-old carpenter trying to retire doesn’t have much in common with a 28-year-old tech founder pitching a startup. Policymakers may cheer for high-growth “unicorns,” but they often overlook the “cows and horses” that keep local economies running.

    Even among older business owners, circumstances vary based on local conditions. Two retiring carpenters in different towns may face vastly different prospects based on the strength of their local economies. No business, and no business owner, exists in a vacuum.

    A small business owner in Rochester, Vt., discusses the challenges of retirement in a news segment from WCAX-TV.

    Relatedly, when small businesses fail to transition, it can have consequences for the local economy. Without a buyer, many enterprises will simply shut down. And while closures can be long-planned and thoughtful, when a business closes suddenly, it’s not just the owner who loses. Employees are left scrambling for work. Suppliers lose contracts. Communities lose essential services.

    Four ways to help aging entrepreneurs

    That’s why I think policymakers should reimagine how they support small businesses, especially owners nearing the end of their careers.

    First, small business policy should be tailored to age. A retirement-ready business shouldn’t be judged solely by its growth potential. Rather, policies should recognize stability and community value as markers of success. The U.S. Small Business Administration and regional agencies can provide resources specifically for retirement planning that starts early in a business’s life, to include how to increase the value of the business and a plan to attract acquirers in later stages.

    Second, exit infrastructure should be built into local entrepreneurial ecosystems. Entrepreneurial ecosystems are built to support business entry – think incubators and accelerators – but not for exit. In other words, just like there are accelerators for launching businesses, there should be programs to support winding them down. These could include confidential peer forums, retirement-readiness clinics, succession matchmaking platforms and flexible financing options for acquisition.

    Third, chaos isn’t good for anybody. Fluctuations in capital gains taxes, estate tax thresholds and tariffs make planning difficult and reduce business value in the eyes of potential buyers. Stability encourages confidence on both sides of a transaction.

    And finally, policymakers should include ripple-effect analysis in budget decisions. When universities, hospitals or governments cut spending, small business vendors often absorb much of the shock. Policymakers should account for these downstream impacts when shaping local and federal budgets.

    If we want to truly support small businesses and their owners, it’s important to honor the lifetime arc of entrepreneurship – not just the launch and growth, but the retirement, too.

    Nancy Forster-Holt does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. No country for old business owners: Economic shifts create a growing challenge for America’s aging entrepreneurs – https://theconversation.com/no-country-for-old-business-owners-economic-shifts-create-a-growing-challenge-for-americas-aging-entrepreneurs-254537

    MIL OSI – Global Reports –

  • MIL-OSI Global: How the end of carbon capture could spark a new industrial revolution

    Source: The Conversation – USA – By Andres Clarens, Professor of Civil and Environmental Engineering, University of Virginia

    Steelmaking uses a lot of energy, making it one of the highest greenhouse gas-emitting industries.
     David McNew/Getty Images

    The U.S. Department of Energy’s decision to claw back US$3.7 billion in grants from industrial demonstration projects may create an unexpected opening for American manufacturing.

    Many of the grant recipients were deploying carbon capture and storage – technologies that are designed to prevent industrial carbon pollution from entering the atmosphere by capturing it and injecting it deep underground. The approach has long been considered critical for reducing the contributions chemicals, cement production and other heavy industries make to climate change.

    However, the U.S. policy reversal could paradoxically accelerate emissions cuts from the industrial sector.

    An emissions reality check

    Heavy industry is widely viewed as the toughest part of the economy to clean up.

    The U.S. power sector has made progress, cutting emissions 35% since 2005 as coal-fired power plants were replaced with cheaper natural gas, solar and wind energy. More than 93% of new grid capacity installed in the U.S. in 2025 was forecast to be solar, wind and batteries. In transportation, electric vehicles are the fastest-growing segment of the U.S. automotive market and will lead to meaningful reductions in pollution.

    But U.S. industrial emissions have been mostly unchanged, in part because of the massive amount of coal, gas and oil required to make steel, concrete, aluminum, glass and chemicals. Together these materials account for about 22% of U.S. greenhouse gas emissions.

    The global industrial landscape is changing, though, and U.S. industries cannot, in isolation, expect that yesterday’s means of production will be able to compete in a global marketplace.

    Even without domestic mandates to reduce their emissions, U.S. industries face powerful economic pressures. The EU’s new Carbon Border Adjustment Mechanism imposes a tax on the emissions associated with imported steel, chemicals, cement and aluminum entering European markets. Similar policies are being considered by Canada, Japan, Singapore, South Korea and the United Kingdom, and were even floated in the United States.

    The false promise of carbon capture

    The appeal of carbon capture and storage, in theory, was that it could be bolted on to an existing factory with minimal changes to the core process and the carbon pollution would go away.

    Government incentives for carbon capture allow producers to keep using polluting technologies and prop up gas-powered chemical production or coal-powered concrete production.

    The Trump administration’s pullback of carbon capture and storage grants now removes some of these artificial supports.

    Without the expectation that carbon capture will help them meet regulations, this may create space to focus on materials breakthroughs that could revolutionize manufacturing while solving industries’ emissions problems.

    The materials innovation opportunity

    So, what might emissions-lowering innovation look like for industries such as cement, steel and chemicals? As a civil and environmental engineer who has worked on federal industrial policy, I study the ways these industries intersect with U.S. economic competitiveness and our built environment.

    There are many examples of U.S. innovation to be excited about. Consider just a few industries:

    Cement: Cement is one of the most widely used materials on Earth, but the technology has changed little over the past 150 years. Today, its production generates roughly 8% of total global carbon pollution. If cement production were a country, it would rank third globally after China and the United States.

    Researchers are looking at ways to make concrete that can shed heat or be lighter in weight to significantly reduce the cost of building and cooling a home. Sublime Systems developed a way to produce cement with electricity instead of coal or gas. The company lost its IDP grant in May 2025, but it has a new agreement with Microsoft.

    Making concrete do more could accelerate the transition. Researchers at Stanford and separately at MIT are developing concrete that can act as a capacitor and store over 10 kilowatt-hours of energy per cubic meter. Such materials could potentially store electricity from your solar roof or allow for roadways that can charge cars in motion.

    How concrete could be used as a capacitor. MIT.

    Technologies like these could give U.S. companies a competitive advantage while lowering emissions. Heat-shedding concrete cuts air conditioning demand, lighter formulations require less material per structure, and energy-storing concrete could potentially replace carbon-intensive battery manufacturing.

    Steel and iron: Steel and iron production generate about 7% of global emissions with centuries-old blast furnace processes that use intense heat to melt iron ore and burn off impurities. A hydrogen-based steelmaking alternative exists today that emits only water vapor, but it requires new supply chains, infrastructure and production techniques.

    U.S. Steel has been developing techniques to create stronger microstructures within steel for constructing structures with 50% less material and more strength than conventional designs. When a skyscraper needs that much less steel to achieve the same structural integrity, that eliminates millions of tons of iron ore mining, coal-fired blast furnace operations and transportation emissions.

    Chemicals: Chemical manufacturing has created simultaneous crises over the past 50 years: PFAS “forever chemicals” and microplastics have been showing up in human blood and across ecosystems, and the industry generates a large share of U.S. industrial emissions.

    Companies are developing ways to produce chemicals using engineered enzymes instead of traditional petrochemical processes, achieving 90% lower emissions in a way that could reduce production costs. These bio-based chemicals can naturally biodegrade, and the chemical processes operate at room temperature instead of requiring high heat that uses a lot of energy.

    Is there a silver bullet without carbon capture?

    While carbon capture and storage might not be the silver bullet for reducing emissions that many people thought it would be, new technologies for managing industrial heat might turn out to be the closest thing to one.

    Most industrial processes require temperatures between 300 and 1830 degrees Fahrenheit (150 and 1000 degrees Celsisus for everything from food processing to steel production. Currently, industries burn fossil fuels directly to generate this heat, creating emissions that electric alternatives cannot easily replace. Heat batteries may offer a breakthrough solution by storing renewable electricity as thermal energy, then releasing that heat on demand for industrial processes.

    How thermal batteries work. CNBC.

    Companies such as Rondo Energy are developing systems that store wind and solar power in bricklike materials heated to extreme temperatures. Essentially, they convert electricity into heat during times when electricity is abundant, usually at night. A manufacturing facility can later use that heat, which allows it to reduce energy costs and improve grid reliability by not drawing power at the busiest times. The Trump administration cut funding for projects working with Rondo’s technology, but the company’s products are being tested in other countries.

    Industrial heat pumps provide another pathway by amplifying waste heat to reach the high temperatures manufacturing requires, without using as much fossil fuel.

    The path forward

    The Department of Energy’s decision forces industrial America into a defining moment. One path leads backward toward pollution-intensive business as usual propping up obsolete processes. The other path drives forward through innovation.

    Carbon capture offered an expensive Band-Aid on old technology. Investing in materials innovation and new techniques for making them promises fundamental transformation for the future.

    Andres Clarens receives funding from the National Science Foundation and the Alfred P Sloan Foundation.

    – ref. How the end of carbon capture could spark a new industrial revolution – https://theconversation.com/how-the-end-of-carbon-capture-could-spark-a-new-industrial-revolution-257894

    MIL OSI – Global Reports –

  • MIL-OSI Global: I’m an expert in crafting public health messages: Here are 3 marketing strategies I use to make Philadelphia healthier

    Source: The Conversation – USA – By Sarah Bauerle Bass, Professor of Social and Behavioral Sciences, Temple University

    A comic book produced for Black transgender women in Philadelphia explains the benefits of using PrEP to prevent HIV infection. Wriply Bennet for the Risk Communication Laboratory, Temple University

    In Philadelphia, the leading causes of death are heart disease, cancer and unintentional drug overdose. While some of these deaths are caused by things out of our control – like genetics – many are largely preventable.

    Preventable deaths are the result of a series of decisions. Whether a person decides to smoke, eat lots of fried foods or be a couch potato, their decisions – sometimes unconsciously – can affect their health.

    I’m a health communication expert and public health researcher at Temple University in North Philadelphia. I began working in public health in the late 1980s at the beginning of the HIV/AIDS epidemic, and before that I worked in marketing and public relations. I have spent my career thinking about how health decisions are like many of the decisions consumers make each day around which products to buy.

    One key difference with health decisions is the inherent risks involved. There isn’t much risk in trying a new brand of cereal, but there is risk in riding a motorcycle without a helmet.

    Many people have a “that won’t happen to me” attitude when making a decision that involves risk. This element of “risk perception” has guided my interest in health decisions and how to use commercial marketing techniques – the same ones companies use to sell products – to encourage people to get vaccinated, get a colonoscopy or get treated for a medical condition.

    Temple students involved in the RapidVax project talk to Kensington residents about COVID-19 vaccinations during the pandemic.
    Temple University College of Public Health

    Breaking demographics into psychographics

    One strategy I use is segmentation analysis.

    Segmentation analysis is the process of looking at groups of people who may look like they are all similar on the surface – such as Black women from North Philadelphia – and then breaking them into smaller groups based on differences in their attitudes, beliefs or behaviors.

    Looking at these “psychographics” instead of demographics like age or sex can help public health communication researchers better understand how to communicate effectively.

    For example, I led a study in 2021 that looked at how connected transgender women living in Philadelphia and the San Francisco Bay Area felt to other members of the trans community. We wanted to see if messaging about PrEP, or pre-exposure prophylaxis, the medication used to prevent HIV infection, would need to be different depending on how connected they felt.

    We found that participants who were more engaged with the trans community were not only more knowledgeable about PrEP, but they were also more likely to see the benefits of using it compared with those who were less engaged.

    This indicates that strategies to reach those not as connected may need to include, for example, providing more basic information about what PrEP is and how it works.

    An example of perceptual mapping that shows different attitudes and beliefs around the HIV prevention medication PrEP.
    Temple University College of Public Health

    Mathematical models and 3D maps

    Another powerful marketing tool that I use is a process known as perceptual mapping and vector message modeling.

    Using simple survey answers, we can mathematically model how people are thinking about a health decision and present it in a three-dimensional map.

    Similar to how someone might think about the relationship between where cities or countries are in relation to each other – such as where Philadelphia is in relation to New York or Chicago – we can take answers from a survey and convert them into distances. We ask people to agree or disagree to statements about the benefits or barriers to a decision and enter their responses into a computer program to create the map.

    We can then do vector message modeling, which shows how to move the group toward the desired decision.

    Think back to high school physics when you may have learned about the amount of force, or pushing and pulling, needed to move one object toward another. Vector message modeling helps us figure out which beliefs to push or pull against to get the group to move toward a particular decision, and it helps us create the most persuasive messages for that group.

    When we use vector modeling along with segmentation analysis, we can also compare how messaging may need to be similar or different for different groups.

    For example, I used segmentation analysis and then perceptual mapping and vector message modeling to understand how medical mistrust might affect the decision to get vaccinated for COVID-19 among a group of Philadelphians who had not yet been vaccinated.

    Education materials created after using commercial marketing techniques to identify persuasive messages about COVID-19 booster shots.
    Temple University College of Public Health

    Our team then looked at perceptual maps and vector message modeling by levels of mistrust. The vectors showed that those with high levels of medical mistrust would be more likely to respond to messages that addressed concerns about the pandemic being a hoax, or the worry that minorities wouldn’t get the same treatment as others.

    This allowed us to think about how to build in messages around those issues in public media campaigns or other communication strategies that encourage vaccination.

    Decision-making tools

    I have used these methods to create and test a number of different communication strategies to influence health decisions.

    For example, I’ve developed web-based tools that have been used in hospitals and clinics in Philadelphia to encourage methadone patients with hepatitis C to receive antiviral treatment for their infection, Black cancer patients to take part in a clinical trial or to get genetic testing, and patients with low literacy and higher risk of colorectal cancer to have a colonoscopy.

    Staff members from the Risk Communication Laboratory organize materials to educate North Philadelphia residents about COVID-19 booster shots.
    Temple University College of Public Health

    My colleagues and I have also developed posters, booklets and social media posts that encourage low-income and vaccine-hesitant Philadelphians in Kensington to get COVID-19 booster shots; educational slides for low-literacy Philadelphia adults on dirty bombs and how the radioactive weapons might be used in a terror attack; and a comic book for trans women to learn about the benefits of PrEP use.

    Getting people to make better decisions about their health can be an uphill battle. We all have our reasons for not doing things that are good for us. For example, what did you eat for lunch today? Was it healthy? If not, why did you eat it?

    My job is to figure out what makes people do what they do, and then help them make decisions that keep them healthy.

    Read more of our stories about Philadelphia.

    Sarah Bauerle Bass has received funding from a number of organizations, including the National Institutes of Health, the American Cancer Society, Pennsylvania and Philadelphia Departments of Health, and independent pharma research grants from Gilead and Merck.

    – ref. I’m an expert in crafting public health messages: Here are 3 marketing strategies I use to make Philadelphia healthier – https://theconversation.com/im-an-expert-in-crafting-public-health-messages-here-are-3-marketing-strategies-i-use-to-make-philadelphia-healthier-254905

    MIL OSI – Global Reports –

  • MIL-OSI Global: 3 years after abortion rights were overturned, contraception access is at risk

    Source: The Conversation – USA – By Cynthia H. Chuang, Professor of Medicine and Public Health Sciences, Penn State

    Women living in states that ban or severely restrict abortion may be especially motivated to avoid unintended pregnancy. Viktoriya Skorikova/Moment via Getty Images

    On June 24, 2022, the U.S. Supreme Court decision in Dobbs v. Jackson Women’s Health Organization eliminated a nearly 50-year constitutional right to abortion and returned the authority to regulate abortion to the states.

    The Dobbs ruling, which overturned Roe v. Wade, has vastly reshaped the national abortion landscape. Three years on, many states have severely restricted access to abortion care. But the decision has also had a less well-recognized outcome: It is increasingly jeopardizing access to contraception.

    We are a physician scientist and a sociologist and health services researcher studying women’s health care and policy, including access to contraception. We see a worrisome situation emerging.

    Even while the growing limits on abortion in the U.S. heighten the need for effective contraception, family planning providers are less available in many states, and health insurance coverage of some of the most effective types of contraception is at risk.

    A growing demand for contraception

    Abortion restrictions have proliferated around the country since the Dobbs decision. As of June 2025, 12 states have near-total abortion bans and 10 states ban abortion before 23 or 24 weeks of gestation, which is when a fetus is generally deemed viable. Of the remaining states, 19 restrict abortion after viability and nine states and Washington have no gestational limits.

    It’s no surprise that women living in states that ban or severely restrict abortion may be especially motivated to avoid unintended pregnancy. Even planned pregnancies have grown riskier, with health care providers fearing legal repercussions for treating pregnancy-related medical emergencies such as miscarriages. Such concerns may in part explain emerging research that suggests the use of long-acting contraception such as intrauterine devices, or IUDs, and permanent contraception – namely, sterilization – are on the rise.

    A national survey conducted in 2024 asked women ages 18 to 49 if they have changed their contraception practices “as a result of the Supreme Court overturning Roe v. Wade.” It found that close to 1 in 5 women began using contraception for the first time, switched to a more effective contraceptive method, received a sterilization procedure or purchased emergency contraception to keep on hand.

    The Supreme Court’s decision in Dobbs reshaped the landscape of abortion access across the U.S.

    A study in Ohio hospitals found a nearly 16% increase in women choosing long-acting contraception methods or sterilization in the six months after the Dobbs decision, and a 33% jump in men receiving vasectomies. Another study, which looked at both female and male sterilization in academic medical centers across the country, also reported an uptick in sterilization procedures for young adults ages 18 to 30 after the Dobbs decision, through 2023.

    A loss of contraception providers

    Ironically, banning or severely restricting abortion statewide may also diminish capacity to provide contraception.

    To date, there is no compelling evidence that OB-GYN doctors are leaving states with strict abortion laws in significant numbers. One study found that states with severe abortion restrictions saw a 4.2% decrease in such practitioners compared with states without abortion restrictions.

    However, the Association of American Medical Colleges reports declining applications to residency training programs located in states that have abortion bans – not just for OB-GYN training programs, but for residency training of all specialties. This drop suggests that doctors may be overall less likely to train in states that restrict medical practice. And given that physicians often stay on to practice in the states where they do their training, it may point to a long-term decline in physicians in those states.

    But the most significant drop in contraceptive services likely comes from the closure of abortion clinics in states with the most restrictive abortion policies. That’s because such clinics generally provide a wide range of reproductive services, including contraception. The 12 states with near-total abortion bans had 57 abortion clinics in 2020, all of which were closed as of March 2024. One study reported a 4.1% decline in oral contraceptives dispensed in those states.

    Contraception under threat

    The Dobbs decision has also encouraged ongoing efforts to incorrectly redefine some of the most effective contraceptives as medications that cause abortion. These efforts target emergency contraceptive pills, known as Plan B over-the-counter and Ella by prescription, as well as certain IUDs. Emergency contraceptive pills are up to 98% effective at preventing pregnancy after unprotected sex, and IUDs are 99% effective.

    Neither method terminates a pregnancy, which by definition begins when a fertilized egg implants in the uterus. Instead, emergency contraceptive pills prevent an egg from being released from the ovaries, while IUDs, depending on the type, prevent sperm from fertilizing an egg or prevent an egg from implanting in the uterus.

    Conflating contraception and abortion spreads misinformation and causes confusion. People who believe that certain types of contraception cause abortions may be dissuaded from using those methods and rely on less effective methods. What’s more, it may affect health insurance coverage.

    Medicaid, which provides health insurance for low-income children and adults, has been required to cover family planning services at no cost to patients since 1972. Since 2012, the Affordable Care Act has required private health insurers to cover certain women’s health preventive services at no cost to patients, including the full-range of contraceptives approved by the Food and Drug Administration.

    According to our research, the insurance coverage required by the Affordable Care Act has increased use of IUDs, which can be prohibitively expensive when paid out of pocket. But if IUDs and emergency contraceptive pills were reclassified as interventions that induce abortion, they likely would not be covered by Medicaid or the Affordable Care Act, since neither type of health insurance requires coverage for abortion care. Thus, access to some of the most effective contraceptive methods could be jeopardized at a time when the right to terminate an unintended or nonviable pregnancy has been rolled back in much of the country.

    Indeed, Project 2025, the conservative policy agenda that the Trump administration appears to be following, specifically calls for removing Ella from the Affordable Care Act contraception coverage mandate because it is a “potential abortifacient.” And politicians in multiple states have expressed support for the idea of restricting these contraceptive methods, as well as contraception more broadly.

    On the third anniversary of the Dobbs decision, it is clear that its ripple effects include threats to contraception. Considering that contraception use is almost universal among women in their reproductive years, in our view these threats should be taken seriously.

    Cynthia H. Chuang receives funding from the Agency for Healthcare Research and Quality.

    Carol S. Weisman does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. 3 years after abortion rights were overturned, contraception access is at risk – https://theconversation.com/3-years-after-abortion-rights-were-overturned-contraception-access-is-at-risk-258458

    MIL OSI – Global Reports –

  • MIL-OSI Global: The sleeper Supreme Court decision that could have profound impacts on the Trump administration agenda – and restore faith in the high court

    Source: The Conversation – USA – By Ray Brescia, Associate Dean for Research and Intellectual Life, Albany Law School

    The Trump administration has tried to punish or suppress speech and opposition to administration policies. Baac3nes/Getty Images

    The American public’s trust in the Supreme Court has fallen precipitously over the past decade. Many across the political spectrum see the court as too political.

    This view is only strengthened when Americans see most of the justices of the court dividing along ideological lines on decisions related to some of the most hot-button issues the court handles. Those include reproductive rights, voting rights, corporate power, environmental protection, student loan policy, worker rights and LGBTQ+ rights.

    But there is one recent decision where the court was unanimous in its ruling, perhaps because its holding should not be controversial: National Rifle Association v. Vullo. In that 2024 case, the court said that it’s a clear violation of the First Amendment’s free speech provisions for government to force people to speak and act in ways that are aligned with its policies.

    The second Trump administration has tried to wield executive branch power in ways that appear to punish or suppress speech and opposition to administration policy priorities. Many of those attempts have been legally challenged and will likely make their way to the Supreme Court.

    The somewhat under-the-radar – yet incredibly important – decision in National Rifle Association v. Vullo is likely to figure prominently in Supreme Court rulings in a slew of those cases in the coming months and years, including those involving law firms, universities and the Public Broadcasting Service.

    That’s because, in my view as a legal scholar, they are all First Amendment cases.

    Will the Supreme Court continue to protect free speech rights, as it did unanimously in 2024?
    Geoff Livingston/Getty Images

    Why the NRA sued a New York state official

    In May 2024, in an opinion written by reliably liberal Sonia Sotomayor, a unanimous court ruled that the efforts of New York state government officials to punish companies doing business with the NRA constituted clear violations of the First Amendment.

    Following its own precedent from the 1960s, Bantam Books v. Sullivan, the court found that government officials “cannot attempt to coerce private parties in order to punish or suppress views that the government disfavors.”

    Many of the current targets of the Trump administration’s actions have claimed similar suppression of their First Amendment rights by the government. They have fought back, filing lawsuits that often cite the National Rifle Association v. Vullo decision in their efforts.

    To date, the most egregious examples of actions that violate the principles announced by the court – the executive orders against law firms – have largely been halted in the lower courts, with those decisions often citing what’s now known as the Vullo decision.

    While these cases may still be working their way through the lower courts, it is likely that the Supreme Court will ultimately consider legal challenges to the Trump administration’s efforts in a range of areas.

    These would include the executive orders against law firms, attempts to cut government grants and research funding from universities, potential moves to strip nonprofits of their tax-exempt status, and regulatory actions punishing media companies for what the White House believes to be unfavorable coverage.

    The court could also hear disputes over the government terminating contracts with a family of companies that provides satellite and communications support to the U.S. government generally and the military in particular.

    Despite the variety of organizations and government actions involved in these lawsuits, they all can be seen as struggles over free speech and expression, like Vullo.

    Whether it is private law firms, multinational corporations, universities or members of the media, all have one thing in common: They have all been targeted by the Trump administration for the same reason – they are engaged in actions or speech that is disfavored by President Donald Trump.

    Protecting speech, regardless of politics

    U.S. Supreme Court Justice Robert Jackson, front, took leave to help prosecute war criminals at the Nuremberg trials at the end of World War II.
    Bettman/Getty Images

    The NRA, an often-controversial gun-rights advocacy organization, was the plaintiff in the Vullo decision.

    But just because the groups that have been targeted by the Trump administration are across the political divide from the NRA does not mean the outcome in decisions relying on the court’s opinion will be different. In fact, these groups can rely on the same arguments advanced by the NRA, and are, I believe, likely to win.

    Vullo isn’t the only decision on which the court can rely when considering challenges to the Trump administration’s efforts targeting these groups.

    In the wake of World War II, Supreme Court Justice Robert Jackson took a leave from the court and served as a prosecutor in the Nuremberg trials of Nazi leaders. Prosecuting them for their atrocities, Jackson saw how the Nuremberg defendants wielded government authority to punish enemies who resisted their rise and later opposed their rule.

    Once he returned to the court, Jackson wrote the majority opinion in West Virginia State Board of Education v. Barnette, where the court found that students who refused to salute the American flag and recite the Pledge of Allegiance at school could not be expelled.

    Jackson’s opinion is a forceful rejection of government attempts to control what people say: “If there is any fixed star in our constitutional constellation, it is that no official, high or petty, can prescribe what shall be orthodox in politics, nationalism, religion, or other matters of opinion or force citizens to confess by word or act their faith therein.”

    If some of the cases testing the state’s power to force fidelity to the executive branch reach the Supreme Court, the cases could offer the justices the opportunity to, once again, speak with one voice as they did in NRA v. Vullo, to demonstrate it can be evenhanded and will not play politics with the First Amendment.

    Ray Brescia does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. The sleeper Supreme Court decision that could have profound impacts on the Trump administration agenda – and restore faith in the high court – https://theconversation.com/the-sleeper-supreme-court-decision-that-could-have-profound-impacts-on-the-trump-administration-agenda-and-restore-faith-in-the-high-court-258216

    MIL OSI – Global Reports –

  • MIL-OSI Global: How do atoms form? A physicist explains where the atoms that make up everything around come from

    Source: The Conversation – USA – By Stephen L. Levy, Associate Professor of Physics and Applied Physics and Astronomy, Binghamton University, State University of New York

    Many heavy atoms form from a supernova explosion, the remnants of which are shown in this image. NASA/ESA/Hubble Heritage Team

    Curious Kids is a series for children of all ages. If you have a question you’d like an expert to answer, send it to CuriousKidsUS@theconversation.com.

    How do atoms form? – Joshua, age 7, Shoreview, Minnesota

    Richard Feynman, a famous theoretical physicist who won the Nobel Prize, said that if he could pass on only one piece of scientific information to future generations, it would be that all things are made of atoms.

    Understanding how atoms form is a fundamental and important question, since they make up everything with mass.

    The question of where atoms comes from requires a lot of physics to be answered completely – and even then, physicists like me only have good guesses to explain how some atoms are formed.

    What is an atom?

    An atom consists of a heavy center, called the nucleus, made of particles called protons and neutrons. An atom has lighter particles called electrons that you can think of as orbiting around the nucleus.

    The electrons each carry one unit of negative charge, the protons each carry one unit of positive charge, and the neutrons have no charge. An atom has the same number of protons as electrons, so it is neutral − it has no overall charge.

    An atom consists of positively charged protons, neutrally charged neutrons and negatively charged electrons.
    AG Caesar/Wikimedia Commons, CC BY-SA

    Now, most of the atoms in the universe are the two simplest kinds: hydrogen, which has one proton, zero neutrons and one electron; and helium, which has two protons, two neutrons and two electrons. Of course, on Earth there are lots of atoms besides these that are just as common, such as carbon and oxygen, but I’ll talk about those soon.

    An element is what scientists call a group of atoms that are all the same, because they all have the same number of protons.

    When did the first atoms form?

    Most of the universe’s hydrogen and helium atoms formed around 400,000 years after the Big Bang, which is the name for when scientists think the universe began, about 14 billion years ago.

    Why did they form at that time? Astronomers know from observing distant exploding stars that the size of the universe has been getting bigger since the Big Bang. When the hydrogen and helium atoms first formed, the universe was about 1,000 times smaller than it is now.

    And based on their understanding of physics, scientists believe that the universe was much hotter when it was smaller.

    Before this time, the electrons had too much energy to settle into orbits around the hydrogen and helium nuclei. So, the hydrogen and helium atoms could form only once the universe cooled down to something like 5,000 degrees Fahrenheit (2,760 degrees Celsius). For historical reasons, this process is misleadingly called recombination − combination would be more descriptive.

    The helium and deuterium − a heavier form of hydrogen − nuclei formed even earlier, just a few minutes after the Big Bang, when the temperature was above 1 billion F (556 million C). Protons and neutrons can collide and form nuclei like these only at very high temperatures.

    Scientists believe that almost all the ordinary matter in the universe is made of about 90% hydrogen atoms and 8% helium atoms.

    How do more massive atoms form?

    So, the hydrogen and helium atoms formed during recombination, when the cooler temperature allowed electrons to fall into orbits. But you, I and almost everything on Earth is made of many more massive atoms than just hydrogen and helium. How were these atoms made?

    The surprising answer is that more massive atoms are made in stars. To make atoms with several protons and neutrons stuck together in the nucleus requires the type of high-energy collisions that occur in very hot places. The energy needed to form a heavier nucleus needs to be large enough to overcome the repulsive electric force that positive charges, like two protons, feel with each other.

    The immense heat and pressure in stars can form atoms through a process called fusion.
    NASA/SDO

    Protons and neutrons also have another property – kind of like a different type of charge – that is strong enough to bind them together once they are able to get very close together. This property is called the strong force, and the process that sticks these particles together is called fusion.

    Scientists believe that most of the elements from carbon up to iron are fused in stars heavier than our Sun, where the temperature can exceed 1 billion F (556 million C) – the same temperature that the universe was when it was just a few minutes old.

    This periodic table shows which astronomical processes scientists believe are responsible for forming each of the elements.
    Cmglee/Wikimedia Commons (image) and Jennifer Johnson/OSU (data), CC BY-SA

    But even in hot stars, elements heavier than iron and nickel won’t form. These require extra energy, because the heavier elements can more easily break into pieces.

    In a dramatic event called a supernova, the inner core of a heavy star suddenly collapses after it runs out of fuel to burn. During the powerful explosion this collapse triggers, elements that are heavier than iron can form and get ejected out into the universe.

    Astronomers are still figuring out the details of other fantastic stellar events that form larger atoms. For example, colliding neutron stars can release enormous amounts of energy – and elements such as gold – on their way to forming black holes.

    Understanding how atoms are made just requires learning a little general relativity, plus some nuclear, particle and atomic physics. But to complicate matters, there is other stuff in the universe that doesn’t appear to be made from normal atoms at all, called dark matter. Scientists are investigating what dark matter is and how it might form.

    Hello, curious kids! Do you have a question you’d like an expert to answer? Ask an adult to send your question to CuriousKidsUS@theconversation.com. Please tell us your name, age and the city where you live.

    And since curiosity has no age limit – adults, let us know what you’re wondering, too. We won’t be able to answer every question, but we will do our best.

    Stephen L. Levy receives funding from the National Science Foundation and the National Institutes of Health. He is affiliated with CyteQuest, Inc.

    – ref. How do atoms form? A physicist explains where the atoms that make up everything around come from – https://theconversation.com/how-do-atoms-form-a-physicist-explains-where-the-atoms-that-make-up-everything-around-come-from-256172

    MIL OSI – Global Reports –

  • MIL-OSI Global: Astronomy has a major data problem – simulating realistic images of the sky can help train algorithms

    Source: The Conversation – USA – By John Peterson, Assoc. Professor of Physics and Astronomy, Purdue University

    A simulation of a set of synthetic galaxies. Photons are sampled from these galaxies and have been simulated through the Earth’s atmosphere, a telescope and a sensor using a code called PhoSim. John Peterson/Purdue

    Professional astronomers don’t make discoveries by looking through an eyepiece like you might with a backyard telescope. Instead, they collect digital images in massive cameras attached to large telescopes.

    Just as you might have an endless library of digital photos stored in your cellphone, many astronomers collect more photos than they would ever have the time to look at. Instead, astronomers like me look at some of the images, then build algorithms and later use computers to combine and analyze the rest.

    But how can we know that the algorithms we write will work, when we don’t even have time to look at all the images? We can practice on some of the images, but one new way to build the best algorithms is to simulate some fake images as accurately as possible.

    With fake images, we can customize the exact properties of the objects in the image. That way, we can see if the algorithms we’re training can uncover those properties correctly.

    My research group and collaborators have found that the best way to create fake but realistic astronomical images is to painstakingly simulate light and its interaction with everything it encounters. Light is composed of particles called photons, and we can simulate each photon. We wrote a publicly available code to do this called the photon simulator, or PhoSim.

    The goal of the PhoSim project is to create realistic fake images that help us understand where distortions in images from real telescopes come from. The fake images help us train programs that sort through images from real telescopes. And the results from studies using PhoSim can also help astronomers correct distortions and defects in their real telescope images.

    The data deluge

    But first, why is there so much astronomy data in the first place? This is primarily due to the rise of dedicated survey telescopes. A survey telescope maps out a region on the sky rather than just pointing at specific objects.

    These observatories all have a large collecting area, a large field of view and a dedicated survey mode to collect as much light over a period of time as possible. Major surveys from the past two decades include the SDSS, Kepler, Blanco-DECam, Subaru HSC, TESS, ZTF and Euclid.

    The Vera Rubin Observatory in Chile has recently finished construction and will soon join those. Its survey begins soon after its official “first look” event on June 23, 2025. It will have a particularly strong set of survey capabilities.

    The Rubin observatory can look at a region of the sky all at once that is several times larger than the full Moon, and it can survey the entire southern celestial hemisphere every few nights.

    The Vera Rubin Observatory will take in lots of light to construct maps of the sky.
    Rubin Observatory/NSF/AURA/B. Quint, CC BY-SA

    A survey can shed light on practically every topic in astronomy.

    Some of the ambitious research questions include: making measurements about dark matter and dark energy, mapping the Milky Way’s distribution of stars, finding asteroids in the solar system, building a three-dimensional map of galaxies in the universe, finding new planets outside the solar system and tracking millions of objects that change over time, including supernovas.

    All of these surveys create a massive data deluge. They generate tens of terabytes every night – that’s millions to billions of pixels collected in seconds. In the extreme case of the Rubin observatory, if you spent all day long looking at images equivalent to the size of a 4K television screen for about one second each, you’d be looking at them 25 times too slow and you’d never keep up.

    At this rate, no individual human could ever look at all the images. But automated programs can process the data.

    Astronomers don’t just survey an astronomical object like a planet, galaxy or supernova once, either. Often we measure the same object’s size, shape, brightness and position in many different ways under many different conditions.

    But more measurements do come with more complications. For example, measurements taken under certain weather conditions or on one part of the camera may disagree with others at different locations or under different conditions. Astronomers can correct these errors – called systematics – with careful calibration or algorithms, but only if we understand the reason for the inconsistency between different measurements. That’s where PhoSim comes in. Once corrected, we can use all the images and make more detailed measurements.

    Simulations: One photon at a time

    To understand the origin of these systematics, we built PhoSim, which can simulate the propagation of light particles – photons – through the Earth’s atmosphere and then into the telescope and camera.

    A simulation of photons traveling from a single star to the Vera Rubin Observatory, made using PhoSim. The layers of turbulence in the atmosphere move according to wind patterns (top middle), and the mirrors deform (top right) depending on the temperature and forces exerted on them. The photons with different wavelengths (colors) are sampled from a star, refract through the atmosphere and then interact with the telescope’s mirrors, filter and lenses. Finally, the photons eject electrons in the sensor (bottom middle) that are counted in pixels to make an image (bottom right). John Peterson/Purdue

    PhoSim simulates the atmosphere, including air turbulence, as well as distortions from the shape of the telescope’s mirrors and the electrical properties of the sensors. The photons are propagated using a variety of physics that predict what photons do when they encounter the air and the telescope’s mirrors and lenses.

    The simulation ends by collecting electrons that have been ejected by photons into a grid of pixels, to make an image.

    Representing the light as trillions of photons is computationally efficient and an application of the Monte Carlo method, which uses random sampling. Researchers used PhoSim to verify some aspects of the Rubin observatory’s design and estimate how its images would look.

    A simulations of a series of exposures of stars, galaxies and background light through the Rubin observatory using PhoSim. Photons are sampled from the objects and then interact with the Earth’s atmosphere and Rubin’s telescope and camera.
    John Peterson/Purdue

    The results are complex, but so far we’ve connected the variation in temperature across telescope mirrors directly to astigmatism – angular blurring – in the images. We’ve also studied how high-altitude turbulence in the atmosphere that can disturb light on its way to the telescope shifts the positions of stars and galaxies in the image and causes blurring patterns that correlate with the wind. We’ve demonstrated how the electric fields in telescope sensors – which are intended to be vertical – can get distorted and warp the images.

    Researchers can use these new results to correct their measurements and better take advantage of all the data that telescopes collect.

    Traditionally, astronomical analyses haven’t worried about this level of detail, but the meticulous measurements with the current and future surveys will have to. Astronomers can make the most out of this deluge of data by using simulations to achieve a deeper level of understanding.

    John Peterson does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Astronomy has a major data problem – simulating realistic images of the sky can help train algorithms – https://theconversation.com/astronomy-has-a-major-data-problem-simulating-realistic-images-of-the-sky-can-help-train-algorithms-258786

    MIL OSI – Global Reports –

  • MIL-OSI Global: Neuropathic pain has no immediate cause – research on a brain receptor may help stop this hard-to-treat condition

    Source: The Conversation – USA – By Pooja Shree Chettiar, Ph.D. Candidate in Medical Sciences, Texas A&M University

    Neuropathic pain is experienced both physically and emotionally. Salim Hanzaz/iStock via Getty Images

    Pain is easy to understand until it isn’t. A stubbed toe or sprained ankle hurts, but it makes sense because the cause is clear and the pain fades as you heal.

    But what if the pain didn’t go away? What if even a breeze felt like fire, or your leg burned for no reason at all? When pain lingers without a clear cause, that’s neuropathic pain.

    We are neuroscientists who study how pain circuits in the brain and spinal cord change over time. Our work focuses on the molecules that quietly reshape how pain is felt and remembered.

    We didn’t fully grasp how different neuropathic pain was from injury-related pain until we began working in a lab studying it. Patients spoke of a phantom pain that haunted them daily – unseen, unexplained and life-altering.

    These conversations shifted our focus from symptoms to mechanisms. What causes this ghost pain to persist, and how can we intervene at the molecular level to change it?

    More than just physical pain

    Neuropathic pain stems from damage to or dysfunction in the nervous system itself. The system that was meant to detect pain becomes the source of it, like a fire alarm going off without a fire. Even a soft touch or breeze can feel unbearable.

    Neuropathic pain doesn’t just affect the body – it also alters the brain. Chronic pain of this nature often leads to depression, anxiety, social isolation and a deep sense of helplessness. It can make even the most routine tasks feel unbearable.

    About 10% of the U.S. population – tens of millions of people – experience neuropathic pain, and cases are rising as the population ages. Complications from diabetes, cancer treatments or spinal cord injuries can lead to this condition. Despite its prevalence, doctors often overlook neuropathic pain because its underlying biology is poorly understood.

    Neuropathic pain can be debilitating.
    Kate Wieser/Moment via Getty Images

    There’s also an economic cost to neuropathic pain. This condition contributes to billions of dollars in health care spending, missed workdays and lost productivity. In the search for relief, many turn to opioids, a path that, as seen from the opioid epidemic, can carry its own devastating consequences through addiction.

    GluD1: A quiet but crucial player

    Finding treatments for neuropathic pain requires answering several questions. Why does the nervous system misfire in this way? What exactly causes it to rewire in ways that increase pain sensitivity or create phantom sensations? And most urgently: Is there a way to reset the system?

    This is where our lab’s work and the story of a receptor called GluD1 comes in. Short for glutamate delta-1 receptor, this protein doesn’t usually make headlines. Scientists have long considered GluD1 a biochemical curiosity, part of the glutamate receptor family, but not known to function like its relatives that typically transmit electrical signals in the brain.

    Instead, GluD1 plays a different role. It helps organize synapses, the junctions where neurons connect. Think of it as a construction foreman: It doesn’t send messages itself, but directs where connections form and how strong they become.

    This organizing role is critical in shaping the way neural circuits develop and adapt, especially in regions involved in pain and emotion. Our lab’s research suggests that GluD1 acts as a molecular architect of pain circuits, particularly in conditions like neuropathic pain where those circuits misfire or rewire abnormally. In parts of the nervous system crucial for pain processing like the spinal cord and amygdala, GluD1 may shape how people experience pain physically and emotionally.

    Fixing the misfire

    Across our work, we found that disruptions to GluD1 activity is linked to persistent pain. Restoring GluD1 activity can reduce pain. The question is, how exactly does GluD1 reshape the pain experience?

    In our first study, we discovered that GluD1 doesn’t operate solo. It teams up with a protein called cerebellin-1 to form a structure that maintains constant communication between brain cells. This structure, called a trans-synaptic bridge, can be compared to a strong handshake between two neurons. It makes sure that pain signals are appropriately processed and filtered.

    But in chronic pain, the bridge between these proteins becomes unstable and starts to fall apart. The result is chaotic. Like a group chat where everyone is talking at once and nobody can be heard clearly, neurons start to misfire and overreact. This synaptic noise turns up the brain’s pain sensitivity, both physically and emotionally. It suggests that GluD1 isn’t just managing pain signals, but also may be shaping how those signals feel.

    What if we could restore that broken connection?

    This image highlights the presence of GluD1, in green and yellow, in a neuron of the central amygdala, in red.
    Pooja Shree Chettiar and Siddhesh Sabnis/Dravid Lab at Texas A&M University, CC BY-SA

    In our second study, we injected mice with cerebellin-1 and saw that it reactivated GluD1 activity, easing their chronic pain without producing any side effects. It helped the pain processing system work again without the sedative effects or disruptions to other nerve signals that are common with opioids. Rather than just numbing the body, reactivating GluD1 activity recalibrated how the brain processes pain.

    Of course, this research is still in the early stages, far from clinical trials. But the implications are exciting: GluD1 may offer a way to repair the pain processing network itself, with fewer side effects and less risk of addiction than current treatments.

    For millions living with chronic pain, this small, peculiar receptor may open the door to a new kind of relief: one that heals the system, not just masks its symptoms.

    The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Neuropathic pain has no immediate cause – research on a brain receptor may help stop this hard-to-treat condition – https://theconversation.com/neuropathic-pain-has-no-immediate-cause-research-on-a-brain-receptor-may-help-stop-this-hard-to-treat-condition-256982

    MIL OSI – Global Reports –

  • MIL-OSI USA: IAM District 837 Hosts Leadership Tour of Boeing St. Louis Facilities Ahead of Vital Negotiations

    Source: US GOIAM Union

    IAM District 837 President and Directing Business Representative Tom Boelling recently led a high-level tour of Boeing’s St. Louis-area facilities, joined by IAM Resident General Vice President Jody Bennett. The tour provided an in-depth look at the critical aerospace manufacturing work being performed by IAM members across three key locations: St. Louis, St. Charles, Mo., and Mascoutah, Ill.

    “Our members take immense pride in the work they do to support our military and protect our country,” said IAM Resident General Vice President Jody Bennett. “This tour was an important reminder of what we stand for, not just as union members, but as the builders of American strength and security.”

    District 837 members play an essential role in building and producing some of the world’s most advanced military aircraft and defense systems. These include the iconic F-15 and F/A-18 fighter jets, the state-of-the-art T-7A Red Hawk advanced trainer, and the groundbreaking MQ-25 Stingray, the U.S. Navy’s first carrier-based unmanned aerial refueler.

    The visit underscored the skill, dedication, and pride of IAM members who contribute to national defense and aerospace innovation daily. It also served as an opportunity for leadership to hear directly from the workforce ahead of upcoming negotiations, ensuring that their voices remain central to the process.

    The post IAM District 837 Hosts Leadership Tour of Boeing St. Louis Facilities Ahead of Vital Negotiations appeared first on IAM Union.

    MIL OSI USA News –

  • MIL-OSI: La Rosa Relies on Lofty to Support National Expansion Strategy

    Source: GlobeNewswire (MIL-OSI)

    PHOENIX, June 23, 2025 (GLOBE NEWSWIRE) — Award-winning real estate technology innovator, Lofty today announced customer La Rosa Holdings Corp. (NASDAQ: LRHC), a real estate and PropTech company, has partnered with the Lofty team to support the company’s impressive national expansion efforts. By enabling La Rosa’s agents to close more deals more efficiently, Lofty can deliver the practical innovation needed to help La Rosa scale and drive their long-term growth strategy forward. Citing immediate demand, a swift onboarding process, and high user engagement, the Lofty platform has already been adopted by over 500 La Rosa agents across the U.S. To learn more about how Lofty helps brokerages boost productivity, recruit and retain top agents, and lower operational costs, visit https://www.lofty.com/solutions-brokers.

    With 26 corporate-owned brokerage offices across Florida, California, Texas, Georgia, North Carolina, and Puerto Rico, La Rosa offers both residential and commercial real estate brokerage services, as well as technology-driven products and support for its 2,900 agents and franchise partners. As a strategic part of the firm’s national expansion strategy, Lofty’s comprehensive platform provides La Rosa with the innovative technology foundation needed to scale and grow.

    “Our collaboration with Lofty reflects our commitment to empowering agents through cutting-edge technology that aims to enhance productivity, streamline client engagement, and accelerate business growth. Since its rollout, Lofty has demonstrated strong adoption across our agent network, validating its product-market fit,” noted Joe La Rosa, CEO of La Rosa. “The platform’s low churn rate underscores its enduring value and strong reception among La Rosa agents.”

    Unlike other real estate technology solutions, Lofty provides a true platform, powered by AI, to support the unique and complex needs of both traditional and modern brokerages. Easy to learn, and quick to drive results, Lofty can convert 42% more leads than other solutions, enabling brokerages like La Rosa to rapidly drive growth from one centralized application while also optimizing technology investments. Lofty has also expanded its multilingual capabilities to better serve clients such as La Rosa. This includes two key features:

    • Language translation and currency conversion capabilities which are automatically reflected on an agent’s Lofty IDX website.
    • AI Sales Assistant now supports over 50 languages, powered by the language model from Google DialogFlow to GPT 4.1 to have more real and human conversations.

    “La Rosa understands that cutting-edge technology is a key growth lever. From search to settlement, the Lofty platform provides them with innovative yet user-friendly applications that empowers agents, enables the business to scale, and puts them on the path achieving profitability,” noted Andrew Wild, Vice President, Enterprise Sales, Lofty.

    To learn more about how Lofty’s unmatched AI capabilities can help your brokerage grow and expand, visit https://www.lofty.com/solutions-brokers.

    About Lofty Inc.
    Lofty Inc. (formerly Chime Technologies) provides an AI-powered platform that helps real estate professionals increase their productivity and accelerate business growth. Featuring award-winning technology, the Lofty platform is designed to optimize every step of the real estate journey, from search to settlement. By leveraging one unified hub, customers can automate marketing programs, streamline the sales process, and maximize collaboration between agents, empowering them to spend more time building relationships and their business. Headquartered in Phoenix, Arizona, Lofty provides proven solutions for brokers, teams, and the enterprise. For more information, visit lofty.com.

    About La Rosa Holdings Corp.
    La Rosa Holdings Corp. (NASDAQ: LRHC) is transforming the real estate industry by providing agents with flexible compensation options, including a revenue-sharing model or a fee-based structure with 100% commission. Powered by its proprietary technology platform, La Rosa aims to equip agents and franchisees with the tools they need to deliver exceptional service.

    The Company offers both residential and commercial real estate brokerage services, as well as technology-driven products and support for its agents and franchise partners. Its business model includes internal services for agents and external offerings for the public, spanning real estate brokerage, franchising, education and coaching, and property management.

    La Rosa operates 26 corporate-owned brokerage offices across Florida, California, Texas, Georgia, North Carolina, and Puerto Rico. La Rosa also recently started its expansion into Europe, beginning with Spain. Additionally, the Company has six franchised offices and branches and three affiliated brokerage locations in the U.S. and Puerto Rico. The Company also operates a full-service escrow settlement and title company in Florida.

    For more information, please visit: https://www.larosaholdings.com.

    Stay connected with La Rosa, sign up for news alerts here: larosaholdings.com/email-alerts.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b14f6437-2904-4be3-812e-d526b008ed34

    The MIL Network –

  • MIL-OSI: Standard Lithium Announces New VP Appointments to Expand and Strengthen Senior Management

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, June 23, 2025 (GLOBE NEWSWIRE) — Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI), a leading near-commercial lithium company, is pleased to announce the appointment of Daniel Rosen as Vice President of Strategy and Investor Relations, as well as Tim Sobel as Vice President of Health, Safety, Social and Environment (“HSSE”).

    “We are thrilled to welcome the additions of Daniel and Tim to our leadership team,” said David Park, Chief Executive Officer and Director of Standard Lithium. “Dan’s strategic insight and deep experience in investor relations and capital markets, as well as Tim’s extensive history in ensuring that HSSE standards are not only met, but exceeded and built-in to organizational culture, will be invaluable as we continue to execute our growth strategy on a path towards first production.”

    “Bringing on Daniel and Tim is the next step in our process of continuing to evolve and strengthen our capabilities,” said Salah Gamoudi, Chief Financial Officer of Standard Lithium. “We’d also like to thank Chris Lang for helping to support our investor relations function this past year. With Daniel coming onboard, this will allow Chris to prioritize and focus more on the financial planning and treasury aspects of his role.”

    Mr. Rosen brings more than 13 years of experience in corporate strategy, finance, and capital markets. Most recently, Mr. Rosen played a key role in the post-acquisition integration of Arcadium Lithium into Rio Tinto, where he led cross-functional initiatives to align strategic priorities, operational capabilities, and investor messaging. Prior to his role as Director of Integration for Rio Tinto, Mr. Rosen held roles in Corporate Strategy, M&A and Investor Relations for Arcadium Lithium and Livent and spent over six years with Barclays in its Investment Banking division. He has a proven track record of aligning corporate vision with market opportunities and building trusted relationships across the investment community.

    Mr. Sobel is a seasoned HSSE executive with over three decades of distinguished leadership in health, safety, security, environmental, quality, sustainability, and risk management across global industrial and logistics sectors. He most previously served as Vice President of HSSE for the Americas at DP World, where he oversaw HSSE strategy and execution across more than 40 logistics, port, and terminal operations in North and South America. Prior to DP World, he held senior leadership roles at Air Liquide, New Fortress Energy, Wilhelmsen Ship Management, and Sunoco Logistics, where he led multi-site operational risk, compliance, and crisis management programs. His earlier service in the U.S. Coast Guard laid the foundation for his deep regulatory expertise and command-level emergency response capabilities. Mr. Sobel is recognized for developing and embedding world-class safety cultures, behavioral safety programs, and regulatory-compliant management systems.

    About Standard Lithium Ltd.

    Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of large, high-grade lithium-brine properties in the United States. The Company prioritizes projects characterized by high-grade resources, robust infrastructure, skilled labor, and streamlined permitting. Standard Lithium aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully integrated DLE and purification process. The Company’s flagship projects are located in the Smackover Formation, a world-class lithium brine asset, focused in Arkansas and Texas. In partnership with global energy leader Equinor, Standard Lithium is advancing the South West Arkansas project, a greenfield project located in southern Arkansas, and actively exploring promising lithium brine prospects in East Texas.

    Standard Lithium trades on both the TSX Venture Exchange and the NYSE American under the symbol “SLI”. Please visit the Company’s website at www.standardlithium.com.

    Investor and Media Inquiries

    Chris Lang
    Standard Lithium Ltd.
    +1 604 409 8154
    investors@standardlithium.com

    X: @standardlithium
    LinkedIn: https://www.linkedin.com/company/standard-lithium/

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to intended development timelines, future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

    The MIL Network –

  • MIL-OSI: BOSS Money Ranked Highest by Customers Among Money Transfer Companies

    Source: GlobeNewswire (MIL-OSI)

    Newark, NJ, June 23, 2025 (GLOBE NEWSWIRE) — BOSS Money, the remittance and payments brand of IDT Corporation (NYSE: IDT), achieved the highest average app store rating of the eighteen digital money transfer companies in FXC Intelligence’s 2025 customer satisfaction ranking. FXC Intelligence is a highly regarded financial intelligence and analytics company specializing in cross-border payments.

    The BOSS Money app led the pack with a 4.9 average app rating in the FXC Intelligence rankings. Over 100,000 customers across the App store and Google Play platforms have given BOSS Money the highest possible score.

    “This recognition reflects the BOSS Money app’s unrivaled ease-of-use and proven reliability,” said Esti Witty, EVP Product at BOSS Money. “Our customers’ feedback, experiences, and trust inspire us to innovate and improve every day.”

    The FXC Intelligence app rankings reflect comparative customer scores for money transfer apps in the App Store and Google Play. Boss Money’s 4.6 Trustpilot rating was also among the highest in its peer group.

    New BOSS Money customers get two $0-fee transfers on their first two transactions to over 50 countries using a debit card in the BOSS Money app, and five $0-fee transactions when sending money to family or friends in Mexico. BOSS Money is known for its low fees and competitive exchange rates. Within the app, customers can compare foreign exchange rates quoted by leading money transfer providers to see exactly how much they are saving.

    “If you have not yet tried the BOSS Money app, this is your invitation. With two $0-fee transfers and the best exchange rates, it is easier than ever to become a happy BOSS Money customer,” Witty emphasized.

    The BOSS Money app is free at the iOS App and Google Play Stores.

    To learn more about BOSS Money’s low fees, competitive exchange rates and exclusive promotions visit bossmoney.com.

    ABOUT BOSS MONEY

    BOSS Money’s rapidly expanding international remittance service provides fast, secure and reliable money transfers for residents of the U.S. and Canada to popular destination countries in Latin America, the Caribbean, Africa, and South Asia. BOSS Money offers a robust menu of payout options including cash pick-up, mobile money, in-country bank account, and debit card direct deposit. Customers can remit funds through the highly rated BOSS Money and BOSS Revolution apps or through licensed Boss Money retailers.

    ABOUT IDT CORPORATION

    IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications services to provision and manage international voice and SMS messaging.

    All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

    CONTACT
    IDT Corporation Investor Relations
    Bill Ulrey
    william.ulrey@idt.net

    # # #

    The MIL Network –

  • MIL-OSI Russia: Iran Launches New Wave of Missile, Drone Attacks on Israel

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    TEHRAN/JERUSALEM, June 23 (Xinhua) — Iran launched a new wave of missile and drone attacks on Israel on Monday morning, Iran’s state broadcaster IRIB reported.

    According to the report, Iran used a combination of solid and liquid fuel missiles and special tactics to render Israel’s air defenses ineffective in the attacks.

    Earlier on Monday, Iran’s military said it had launched dozens of kamikaze drones armed with warheads at Israel.

    The Israeli military confirmed in a statement that Iran launched new missile strikes on Israel on Monday morning.

    About 10 rockets were fired and sirens sounded from northern Israel to the southern border with the Gaza Strip, forcing millions of Israelis to shelter for about an hour, the statement said.

    Most of the rockets were intercepted, but three fell in Israeli territory, and no casualties were reported. –0–

    MIL OSI Russia News –

  • MIL-OSI: High Arctic Overseas Announces Executive Appointment

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW

    CALGARY, Alberta, June 23, 2025 (GLOBE NEWSWIRE) — High Arctic Overseas Holdings Corp. (TSXV: HOH) (“High Arctic Overseas” or the “Corporation”) is pleased to announce the appointment of Matthew Cocks as Chief Financial Officer (“CFO”) effective June 24, 2025, subject to TSX Venture Exchange approval.

    Mr. Cocks initially joined the Corporation in October 2023 as VP-Finance responsible for the PNG Business to provide financial leadership and strengthen the finance and accounting processes in preparation of the spin-out from High Arctic Energy Services Inc.

    Mr. Cocks has over 20 years of experience in broad financial leadership positions including substantial periods in senior and executive roles of private and public companies, including significant experience in resources, construction, manufacturing and logistics businesses. Mr. Cocks is a Chartered Accountant with an extensive background in financial stewardship, strategic planning and analysis, change and risk management, controls design and implementation and building and developing international finance teams.

    Mike Maguire, Chief Executive Officer, stated: “I am pleased to welcome Matt to the executive management team at High Arctic. Matt’s 20-plus years of wide-ranging financial management expertise in international markets and in services to the extractive industries will be invaluable to the Corporation as we look to diversify and expand our PNG business. I would also like to thank Lonn Bate for his guidance and support as Interim CFO since the spin-out and establishment of the Corporation. Lonn can now focus fully on his duties as CFO of High Arctic Energy Services Inc.”

    About High Arctic ‎Overseas Holdings Corp.

    High Arctic Overseas is a market leader in Papua New Guinea providing drilling and specialized well completion services, manpower solutions and supplies rental equipment including rig matting, camps, material handling and drilling support equipment.

    For further information, please contact:
    Mike Maguire
    Chief Executive Officer
    1.587.320.1301

    High Arctic Overseas Holdings Corp.
    Suite 2350, 330–5th Avenue SW
    Calgary, Alberta, Canada T2P 0L4
    www.higharctic.com
    Email: info@higharctic.com

    Some of the statements in this press release, including those relating to TSXV Venture Exchange approval of the appointment of a new CFO, and the diversification and expansion of the Corporation’s business, that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, are forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements include, without limitation, the information concerning possible or assumed future results of operations of the Corporation. These statements are not historical facts but instead represent only the Corporation’s expectations, estimates, and projections regarding future events. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Corporation’s most recent annual MD&A and the Corporation’s continuous disclosure documents that can be found on SEDAR+ at www.sedarplus.ca. The Corporation does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.‎

    The MIL Network –

  • MIL-OSI: Fengate appoints Darcy Wilson as transportation lead 

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, June 23, 2025 (GLOBE NEWSWIRE) — Fengate Asset Management (Fengate) today announced the appointment of Darcy Wilson as Managing Director, Transportation, further expanding its infrastructure senior team and signaling the firm’s continued growth in the United States (U.S.). 

    Based in Fengate’s Houston office, Wilson will lead the transportation strategy to bring the firm’s aviation, road, rail, logistics, and maritime expertise to projects and companies across the U.S. and Canada.

    “Fengate has a strong portfolio of transportation assets on both sides of the border, and Darcy’s industry knowledge and experience will best position the firm to secure deals where we can add the greatest value for communities, the environment, and our investors,” said Mac Bell, Managing Director, Infrastructure Investments and head of Fengate’s social and transportation group. 

    “I am thrilled to join the growing Fengate business to lead their transportation strategy. I look forward to working with the Fengate team to invest in attractive opportunities in transportation infrastructure projects and companies that generate strong returns for investors,” said Wilson. 

    Wilson brings significant transportation investment experience to Fengate, including sourcing, assessing, and executing investments into operating businesses. Prior to joining Fengate, Wilson was with Duration Capital Partners where he was a founding member upon its spin out of Oaktree Capital Management (Oaktree).  

    He previously led Oaktree’s investments in Signature Aviation, OTG Management, and STG Logistics, and served on the board of STG Logistics. Prior to Oaktree, Wilson was with Highstar Capital and J.P. Morgan’s investment banking group in New York. 

    His appointment follows the firm’s announcement of a digital infrastructure head in April. 

    About Fengate 

    Fengate is a leading alternative investment manager focused on infrastructure, private equity and real estate strategies, with more than $7 billion of capital commitments under management. The firm has been investing in infrastructure since 2006 with a focus on mid-market greenfield and brownfield infrastructure assets in the transportation, social, energy transition and digital sectors. Fengate is one of North America’s most active infrastructure investors and developers with a portfolio of more than 50 assets. Learn more at www.fengate.com. 

    Media contact 

    Maddison Sharples 
    Vice President, Communications and Marketing 
    +1 416 254 3326 
    maddison.sharples@fengate.com 

    The MIL Network –

  • MIL-OSI: Oxbridge / SurancePlus Commences Strategic Review of Potential Digital Asset Treasury and SurancePlus Carve Out

    Source: GlobeNewswire (MIL-OSI)

    GRAND CAYMAN, Cayman Islands, June 23, 2025 (GLOBE NEWSWIRE) — Oxbridge Re Holdings Limited (Nasdaq: OXBR) (“Oxbridge Re”), a leader in digitizing reinsurance securities as tokenized real-world assets (RWAs), together with its subsidiary SurancePlus, today announced an update to its previously announced strategic business review to maximize shareholder value.

    The Company is actively reviewing a range of strategic initiatives for the company or its Web3 subsidiary, SurancePlus Holdings—including a potential carve-out and Nasdaq listing of SurancePlus Holdings, as well as a potential financing transactions to support a digital asset treasury initiative and explore related M&A opportunities.

    Jay Madhu, CEO of Oxbridge, stated: “We view these strategic initiatives as potentially transformative opportunities that could unlock significant value for our shareholders while positioning both Oxbridge and SurancePlus for accelerated growth in their respective markets. A separate listing for SurancePlus would provide dedicated access to Web3 and digital asset investors, while our treasury strategy could strengthen our balance sheet and create new revenue streams.”

    About Oxbridge Re Holdings Limited

    Oxbridge Re Holdings Limited (NASDAQ: OXBR, OXBRW) (“Oxbridge”) is headquartered in the Cayman Islands. The company offers tokenized Real-World Assets (“RWAs”) as tokenized reinsurance securities and reinsurance business solutions to property and casualty insurers, through its wholly owned subsidiaries SurancePlus Inc., Oxbridge Re NS, and Oxbridge Reinsurance Limited.

    Insurance businesses in the Gulf Coast region of the United States purchase property and casualty reinsurance through our licensed reinsurers Oxbridge Reinsurance Limited and Oxbridge Re NS.

    Our Web3-focused subsidiary, SurancePlus Inc. (“SurancePlus”), has developed the first “on chain” reinsurance RWA of its kind to be sponsored by a subsidiary of a publicly traded company. By digitizing interests in reinsurance contracts as on-chain RWAs, SurancePlus has democratized the availability of reinsurance as an alternative investment to both U.S. and non U.S. investors.

    Company Contact:

    Oxbridge Re Holdings Limited
    Jay Madhu, CEO
    +1 345-749-7570
    jmadhu@oxbridgere.com

    Forward-Looking Statements

    This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in the section entitled “Risk Factors” contained in our Form 10-K filed with the Securities and Exchange Commission (“SEC”) on 26th March 2025 and in our other filings with the SEC. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company’s business, financial condition and results of operations. Any forward-looking statements made in this press release speak only as of the date of this press release and, except as required by law, the Company undertakes no obligation to update any forward looking statement contained in this press release, even if the Company’s expectations or any related events, conditions or circumstances change.

    The MIL Network –

  • MIL-OSI: Oxbridge / SurancePlus Commences Strategic Review of Potential Digital Asset Treasury and SurancePlus Carve Out

    Source: GlobeNewswire (MIL-OSI)

    GRAND CAYMAN, Cayman Islands, June 23, 2025 (GLOBE NEWSWIRE) — Oxbridge Re Holdings Limited (Nasdaq: OXBR) (“Oxbridge Re”), a leader in digitizing reinsurance securities as tokenized real-world assets (RWAs), together with its subsidiary SurancePlus, today announced an update to its previously announced strategic business review to maximize shareholder value.

    The Company is actively reviewing a range of strategic initiatives for the company or its Web3 subsidiary, SurancePlus Holdings—including a potential carve-out and Nasdaq listing of SurancePlus Holdings, as well as a potential financing transactions to support a digital asset treasury initiative and explore related M&A opportunities.

    Jay Madhu, CEO of Oxbridge, stated: “We view these strategic initiatives as potentially transformative opportunities that could unlock significant value for our shareholders while positioning both Oxbridge and SurancePlus for accelerated growth in their respective markets. A separate listing for SurancePlus would provide dedicated access to Web3 and digital asset investors, while our treasury strategy could strengthen our balance sheet and create new revenue streams.”

    About Oxbridge Re Holdings Limited

    Oxbridge Re Holdings Limited (NASDAQ: OXBR, OXBRW) (“Oxbridge”) is headquartered in the Cayman Islands. The company offers tokenized Real-World Assets (“RWAs”) as tokenized reinsurance securities and reinsurance business solutions to property and casualty insurers, through its wholly owned subsidiaries SurancePlus Inc., Oxbridge Re NS, and Oxbridge Reinsurance Limited.

    Insurance businesses in the Gulf Coast region of the United States purchase property and casualty reinsurance through our licensed reinsurers Oxbridge Reinsurance Limited and Oxbridge Re NS.

    Our Web3-focused subsidiary, SurancePlus Inc. (“SurancePlus”), has developed the first “on chain” reinsurance RWA of its kind to be sponsored by a subsidiary of a publicly traded company. By digitizing interests in reinsurance contracts as on-chain RWAs, SurancePlus has democratized the availability of reinsurance as an alternative investment to both U.S. and non U.S. investors.

    Company Contact:

    Oxbridge Re Holdings Limited
    Jay Madhu, CEO
    +1 345-749-7570
    jmadhu@oxbridgere.com

    Forward-Looking Statements

    This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in the section entitled “Risk Factors” contained in our Form 10-K filed with the Securities and Exchange Commission (“SEC”) on 26th March 2025 and in our other filings with the SEC. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company’s business, financial condition and results of operations. Any forward-looking statements made in this press release speak only as of the date of this press release and, except as required by law, the Company undertakes no obligation to update any forward looking statement contained in this press release, even if the Company’s expectations or any related events, conditions or circumstances change.

    The MIL Network –

  • MIL-OSI: Oportun Issues Letter to Stockholders Detailing CEO Raul Vazquez’s Record of Proven Leadership

    Source: GlobeNewswire (MIL-OSI)

    Urges stockholders to vote “FOR” Mr. Vazquez and Carlos Minetti on the GREEN proxy card

    SAN CARLOS, Calif., June 23, 2025 (GLOBE NEWSWIRE) — Oportun (Nasdaq: OPRT), a mission-driven financial services company, today issued a letter to stockholders detailing the experience and proven leadership record of its Director candidate and CEO Raul Vazquez, who has driven Oportun’s growth and transformation and is successfully executing a strategy to deliver improved operational performance and stockholder value.

    The Board of Directors strongly urges all Oportun stockholders to vote “FOR” Oportun’s two highly qualified nominees, Mr. Vazquez and Carlos Minetti, using the GREEN proxy card or GREEN voting instruction form. The letter to stockholders and other important information related to the Annual Meeting can be found at VoteForOportun.com.

    The full text of the letter to stockholders follows:

    Dear Fellow Stockholders,

    This year’s Annual Meeting of Stockholders of Oportun Financial Corporation is fast approaching. The meeting will be held on July 18, 2025, and you can vote online or by mail using the instructions on the enclosed GREEN proxy card.

    At this year’s Annual Meeting, stockholders have an important choice to make. One of Oportun’s stockholders, Findell Capital Management, LLC, is seeking to remove Oportun’s CEO, Raul Vazquez, from the Board of Directors and replace him with someone who we believe is far less qualified.

    This would be a serious mistake. Mr. Vazquez has valuable skills, experience and institutional knowledge that make him an exceptional CEO and effective Board member. He has a proven track record of leading large operations while driving technological innovation and fostering high-performance cultures, both at Oportun and in prior roles, and he has played a vital role in setting Oportun’s new strategic direction and driving the Company’s growth and transformation. He is deeply committed to Oportun’s success, and as a top ten Oportun stockholder who has made significant out-of-pocket stock purchases beyond his executive compensation plan, his interests are firmly aligned with those of stockholders.

    Mr. Vazquez Has a Track Record of Effective Leadership

    Before joining Oportun, Mr. Vazquez spent nine years with Walmart Inc., where he held a variety of senior leadership roles. Walmart, like Oportun, serves a diverse customer base, with particular strength among value-conscious and lower-to-middle income households.

    As EVP and President of Walmart West, Mr. Vazquez oversaw a division generating more than $60 billion in revenue and comprising more than 1,000 stores across 23 states. As CEO of Walmart.com, he led a period of significant growth where he helped shape and scale Walmart’s global e-commerce strategy, transforming the platform into the most visited brick-and-mortar retailer website.

    Mr. Vazquez Has Driven Oportun’s Growth and Transformation

    Mr. Vazquez was appointed CEO of Oportun in 2012. As the oldest son of Mexican immigrants, he has a deep personal connection to Oportun’s core customer and a strong belief in the Company’s mission to empower hardworking individuals to build better futures. Joining Oportun represented an opportunity to bring his deep expertise in retail, operations and digital innovation as well as his people-centered leadership approach to an industry where he believed he could make a meaningful difference.

    At the time, Oportun was struggling to raise debt and equity from external sources at the levels necessary to maintain its market position and continue operations.

    Amid these challenges, Mr. Vazquez took swift and decisive action, crafting a strategic plan to revitalize and scale the business. Under his leadership, Oportun transformed from a small, regional lender reliant on a network of physical retail locations into a national, digitally-driven company positioned for sustained growth and profitability. Mr. Vazquez also has led the Company’s expansion from two states to 41 states and into adjacent products, including secured loans and savings products. Together, these initiatives have enabled the Company to grow its loan portfolio from $100 million in 2012 to approximately $3 billion today.

    When macroeconomic conditions shifted abruptly and unexpectedly in early 2022, Mr. Vazquez worked proactively with the Board to strengthen and reposition the Company by reducing costs, streamlining operations and realigning strategic priorities. Importantly, these initiatives were developed independently of Findell and were announced two months before the Board had any knowledge that Findell was a stockholder.

    These vital actions to reposition the Company, and our focus on execution, are delivering improved financial performance. In 2024, Oportun returned to originations growth, delivered improved credit metrics and reduced its operating expense ratio. That strong momentum continued during the first quarter of this year and, supported by a more efficient cost structure and stronger credit performance, we believe Oportun is well-positioned to deliver strong financial results in 2025. Importantly, this progress has been recognized by the market, with total stockholder returns significantly outperforming both peers and the broader markets over recent time periods.

    Other Organizations Have Recognized Mr. Vazquez’s Leadership and Qualifications

    Under Mr. Vazquez’s leadership, Oportun has received national recognition by leading publications for its innovation and impact:

    • Oportun has consistently been recognized as a top workplace, including by the San Francisco Chronicle for the past seven years and by regional and national publications for the past ten years;
    • Fast Company named Oportun one of the World’s Most Innovative Companies and a Top Ten Most Innovative Company in 2020;
    • TIME magazine included Oportun on its list of “50 Businesses Inventing the Future” in 2018;
    • Mr. Vazquez was honored as the EY Entrepreneur of The Year® 2018 National Award winner in the Financial Services category.

    In 2013, Mr. Vazquez joined the Board of Directors of Staples, Inc., and in 2016 he was appointed to the Board of Directors of Intuit, a global financial technology company with a market capitalization of more than $200 billion. The Chairs of both public companies have praised Mr. Vazquez for his leadership experience, strategic vision, and deep understanding of the consumer:

    “Raul brings a nice range of financial services, retail, technology and community development expertise… With a great reputation as a game changer, Raul’s vast experience across local, regional, state, federal and international levels of engagement and diverse perspective will be of great value to our board.”

    Intuit
    Brad Smith, Former Chairman and CEO
    May 4, 2016

    “[Raul] is a multi-channel veteran with deep digital expertise and leadership experience in retail, marketing and operations. His global e-commerce perspective would be particularly valuable as we focus on rapidly increasing online sales as part of our strategic reinvention.”

    Staples
    Ron Sargent, Former Chairman CEO
    April 4, 2013

    Beyond his public board experience, Mr. Vazquez previously served on the Board of the National Association for Latino Community Asset Builders, the Consumer Financial Protection Bureau’s Consumer Advisory Board, and as Chair of the Federal Reserve Board’s Community Advisory Council.

    Replacing Mr. Vazquez with Findell’s Candidate Would be a Mistake

    As part of its annual evaluation process, the Board, which includes two individuals recommended by Findell, recently completed a comprehensive review of Mr. Vazquez’s performance. Following that review, the Board unanimously concluded that Mr. Vazquez is the best person to lead the Company forward. Supplanting the Board’s unanimous judgment and removing Mr. Vazquez from the Board – especially at a time when the Company’s performance is improving and its momentum is building – would be a mistake.

    In our view, Findell’s candidate, Warren Wilcox, is no substitute for Mr. Vazquez. Mr. Wilcox has no public company CEO experience, limited experience serving low- and middle-income customers and has not served on a public company board in over a decade. Replacing Mr. Vazquez with Mr. Wilcox would jeopardize the continuity, leadership and business insight needed to continue our progress and momentum. With all of Oportun’s proxy peers and approximately 97% of Russell 3000 boards including the company’s CEO1, removing Mr. Vazquez would also be highly unusual and send a disruptive message to employees, stockholders and other stakeholders.

    We Ask for Your Support

    We encourage you to visit VoteForOportun.com to learn more about the Company’s progress and our plan to ensure that our strong momentum continues. We believe you will reach the same conclusion as our Board: that Mr. Vazquez is the right leader for Oportun and that his reelection is the best way to protect and enhance stockholder value.

    We urge stockholders to support Oportun’s CEO, Mr. Vazquez, and Oportun’s other nominee, Carlos Minetti, by voting for each of them on the GREEN proxy card today.

    Sincerely,
    The Oportun Financial Corporation Board of Directors

    If you have any questions about how to vote your shares, please call the firm assisting us with the solicitation of proxies:

    INNISFREE M&A INCORPORATED
    (877) 800-5195 (toll-free from the U.S. and Canada) or
    +1 (412) 232-3651 (from other countries)

    About Oportun

    Oportun (Nasdaq: OPRT) is a mission-driven financial services company that puts its members’ financial goals within reach. With intelligent borrowing, savings, and budgeting capabilities, Oportun empowers members with the confidence to build a better financial future. Since inception, Oportun has provided more than $19.7 billion in responsible and affordable credit, saved its members more than $2.4 billion in interest and fees, and helped its members save an average of more than $1,800 annually. For more information, visit Oportun.com.

    Cautionary Statement on Forward-Looking Statements

    Certain statements in this communication are “forward-looking statements”. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this communication, including statements as to our future performance, financial position and our strategic initiatives, and the Annual Meeting, are forward-looking statements. These statements can be generally identified by terms such as “expect,” “plan,” “goal,” “target,” “anticipate,” “assume,” “predict,” “project,” “outlook,” “continue,” “due,” “may,” “believe,” “seek,” or “estimate” and similar expressions or the negative versions of these words or comparable words, as well as future or conditional verbs such as “will,” “should,” “would,” “likely” and “could.” These statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events, financial trends and risks and uncertainties that we believe may affect our business, financial condition and results of operations. These risks and uncertainties include those risks described in our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K for the year ended December 31, 2024, as well as our subsequent filings with the SEC. These forward-looking statements speak only as of the date on which they are made and, except to the extent required by federal securities laws, we disclaim any obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as required by law. In light of these risks and uncertainties, there is no assurance that the events or results suggested by the forward-looking statements will in fact occur, and you should not place undue reliance on these forward-looking statements.

    Investor Contact
    Dorian Hare
    (650) 590-4323
    ir@oportun.com

    Innisfree M&A Incorporated
    Scott Winter / Gabrielle Wolf / Jonathan Kovacs
    (212) 750-5833

    Media Contact
    FGS Global
    John Christiansen / Bryan Locke
    Oportun@fgsglobal.com

    ______________________
    1 Source: Bloomberg

    The MIL Network –

  • MIL-OSI: Anthony Pompliano Strikes $1 Billion Merger to Create ProCap Financial; Raises Over $750M in Largest Initial Fundraise in History for Public Bitcoin Treasury Company

    Source: GlobeNewswire (MIL-OSI)

    • ProCap Financial to strategically acquire bitcoin and generate revenue and profits from its bitcoin holdings
    • Equity investors have immediate exposure to bitcoin based on structure of financing transactions
    • Columbus Circle Capital Corp. I (NASDAQ: CCCM) to take ProCap Financial public

    New York, NY, June 23, 2025 (GLOBE NEWSWIRE) — American investor and entrepreneur Anthony Pompliano today announced that ProCap BTC, LLC, a bitcoin-native financial services firm, has entered into a definitive agreement for a business combination with Columbus Circle Capital Corp. I (NASDAQ: CCCM), a SPAC sponsored by a controlled subsidiary of Cohen & Company, Inc.

    At the closing of the proposed business combination, the combined company will operate as ProCap Financial, Inc., with up to $1 billion in bitcoin on its balance sheet. Entities in the proposed transaction raised $516.5 million in equity and $235 million in convertible notes, the largest initial fundraise in history for a public bitcoin treasury company.

    Leading institutional and bitcoin-native investors participating in the financing transactions include Magnetar Capital, Woodline Partners LP, Anson Funds, RK Capital, Off the Chain Capital, Parafi, Blockchain.com, Arrington Capital, BSQ Capital Partners, and FalconX. Industry veterans such as Mark Yusko, Jason Williams, Eric Semler, Tony Guoga, and Matteo Franceschetti participated as well.

    ProCap Financial aims to become the leading financial services firm at the intersection of bitcoin and traditional finance. ProCap Financial plans to use its bitcoin balance sheet to generate revenue and profit through a variety of strategies.

    ProCap Financial will be led by Anthony Pompliano, who has invested in more than 300 private companies and is one of the leading voices on bitcoin globally.

    “The legacy financial system is being disrupted by bitcoin,” said Pompliano. “ProCap Financial represents our solution to the increasing demand for bitcoin-native financial services among sophisticated investors. Our objective is to develop a platform that will not only acquire bitcoin for our balance sheet, but will also implement risk-mitigated solutions to generate revenue and profits from our bitcoin holdings.”

    “From day one we sought to partner with a platform and a leader that could develop a transformative organization – and we found that in ProCap BTC and Anthony Pompliano,” said Gary Quin, CEO of CCCM. “Anthony’s track record as an innovative investor, operator, and early advocate in the bitcoin ecosystem speaks for itself. We believe his deep expertise and relentless conviction will help continue to transform an industry undergoing rapid evolution.”

    Terms of the Proposed Business Combination and Financing Transactions

    The proposed business combination (the “Business Combination”) between ProCap BTC, LLC (“ProCap BTC”) and Columbus Circle Capital Corp. I (“CCCM”) will result in ProCap Financial, Inc. (“ProCap Financial”) being a publicly listed company. In connection with the Business Combination, ProCap BTC sold $516.5 million of non-voting preferred units to investors in a private placement (the “Preferred Equity Raise”) and ProCap Financial secured commitments for $235 million in senior secured convertible notes (the “Convertible Notes”) from investors in a private placement (the “Convertible Debt Raise”, together with the Business Combination and the Preferred Equity Raise, the “Proposed Transactions”). At the closing of the Business Combination (the “Closing”), any funds remaining in the CCCM trust account will be delivered to ProCap Financial. The full proceeds of the CCCM Trust Account, assuming no trust redemptions at or prior to Closing, is included in the up to $1 billion expected to be used to purchase bitcoin for ProCap Financial’s balance sheet.

    The Preferred Equity Raise was funded contemporaneously with the execution of the definitive agreements. ProCap BTC agreed to purchase bitcoin (the “BTC Assets”) using the aggregate amount of funds raised in the Preferred Equity Raise within fifteen days of the date of signing the definitive agreements. The BTC Assets will be held in a custodial account until the completion of the Business Combination, providing future shareholders of ProCap Financial with immediate exposure to bitcoin rather than waiting until after the Closing.

    The Convertible Notes will be funded at the close of the Business Combination and have a 130% conversation rate, zero interest rate, and maturity of up to 36 months. The Convertible Notes will be 2x collateralized by cash, cash equivalents or a portion of the bitcoin purchased with the proceeds from the Proposed Transactions. U.S. Bank National Trust, N.A. will serve as collateral agent and trustee with regard to the Convertible Notes and associated indenture and guarantee arrangements.

    At the Closing, former security holders of CCCM and former unit holders of ProCap BTC (“ProCap Holders”) will receive, as consideration in the Business Combination, newly-issued securities of ProCap Financial. The number of ProCap Financial shares issuable to the ProCap Holders at Closing will depend on the value of the BTC Assets measured as of a date shortly before the Closing, subject to a cap, and provided, also, that the ProCap Holders that are investors in the Preferred Equity Raise (as defined herein) will, at a minimum, receive such number of ProCap Financial shares as represents 1.25 times the number of preferred units delivered to such investors upon consummation of the Preferred Equity Raise, based on the trade weighted average price of the BTC Assets, as further described in the definitive agreements for the Proposed Transactions (the “Transaction Agreements”).

    Prior to entering into the definitive agreement, the proposed Business Combination has been approved by the board of directors of CCCM and by the board of managers of ProCap BTC. The terms of the Transaction Agreements, including covenants and conditions to Closing reasonably customary for similar transactions, including that the Proposed Transactions and their terms be approved by requisite CCCM shareholders and by the sole voting unit holder of ProCap BTC, an entity owned and controlled by Pompliano.

    The parties expect to consummate the Proposed Transactions prior to the end of 2025, after the submission for review by the U.S. Securities & Exchange Commission (the “SEC”) of a registration statement on Form S-4 to register applicable securities issuable by ProCap Financial upon consummation of the proposed Business Combination. The parties intend to take actions necessary for the Convertible Notes, upon issuance in connection with the Closing, to have an associated 144A CUSIP number on the issue date to facilitate potential post-Closing trading amongst QUIBS, but are not expected to otherwise be registered or tradeable.

    The terms of the Proposed Transactions described in this release, including any dollar-denominated figures or implied valuations, are based on information as of the date of the signing of the Transaction Agreements and assume no redemptions from the CCCM trust account. These terms are subject to change, including as a result of fluctuations in the price of bitcoin prior to Closing. There can be no assurance that the final terms at Closing will reflect the figures referenced herein.

    Advisors

    Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC (“Cohen & Company”) is acting as exclusive financial advisor to ProCap BTC.

    Cohen & Company and Clear Street LLC are serving as joint co-placement agents in connection with the Preferred Equity Raise and Convertible Debt Raise.

    Reed Smith LLP is acting as legal advisor for ProCap BTC, LLC and ProCap Financial, Inc. in connection with the Proposed Transactions.

    Ellenoff Grossman & Schole LLP is acting as legal advisor to CCCM in connection with the Proposed Transactions. Ogier is acting as special Cayman Islands counsel to CCCM.

    Morgan, Lewis & Bockius LLP is acting as legal advisor to the joint co-placement agents in connection with the Preferred Equity Raise and Convertible Debt Raise.

    About ProCap BTC, LLC and ProCap Financial, Inc.

    ProCap BTC, LLC is a bitcoin-native financial services firm founded by Anthony Pompliano. Pompliano has invested in more than 300 private companies and is one of the leading voices on bitcoin globally. ProCap Financial, Inc., the company resulting from the proposed Business Combination, will focus on implementing various profit-generating products and services to support the unique financial needs of large financial institutions and institutional investors.

    About Columbus Circle Capital I
    Columbus Circle Capital Corp. I (NASDAQ: CCCM) is a Cayman Islands–incorporated blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company is led by Chairman and CEO Gary Quin, a veteran investment banker with over 25 years of experience in cross-border M&A, private equity, and capital markets; COO Dan Nash, a skilled investment banker, with a strong track record in SPAC execution and building high-growth advisory platforms; and CFO Joseph W. Pooler, Jr., who brings decades of public company financial leadership. The board of directors includes Garrett Curran, Alberto Alsina Gonzalez, Dr. Adam Back, and Matthew Murphy.

    About Cohen & Company

    Cohen & Company is J.V. B. Financial Group, LLC’s full-service boutique investment bank based in New York City that provides high-touch services across strategic advisory, mergers & acquisitions, and capital markets transactions. Cohen & Company merges boutique attentiveness with institutional scale. Learn more at https://www.cohencm.com/.  J.V. B. Financial Group, LLC is an indirect controlled subsidiary of Cohen & Company Inc, a financial services company specializing in an expanding range of capital markets and asset management services. Cohen and Company Inc has approximately $2.3 billion of assets under management. 

    About Clear Street

    Clear Street Investment Banking provides a full suite of strategic advisory, transactions and creative capital solutions to companies and investors across high-growth sectors including technology, healthcare, energy and beyond. Clear Street Investment Banking is part of Clear Street, the cloud-native financial services firm delivering financing, derivatives, execution and more to power client success. Learn more at https://www.clearstreet.io/investment-banking.

    Additional Information and Where to Find It

    ProCap Financial, Inc. (“ProCap Financial”) and Columbus Circle Capital Corp. I (“CCCM”) intend to file with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4 (as may be amended, the “Registration Statement”), which will include a preliminary proxy statement of CCCM and a prospectus (the “Proxy Statement/Prospectus”) in connection with the proposed business combination between ProCap BTC, LLC (“ProCap BTC”) and CCCM (the “Proposed Transactions”). The definitive proxy statement and other relevant documents will be mailed to shareholders of CCCM as of a record date to be established for voting on the Proposed Transactions and other matters as described in the Proxy Statement/Prospectus. ProCap Financial and/or CCCM will also file other documents regarding the Proposed Transactions with the SEC. This communication does not contain all of the information that should be considered concerning the Proposed Transactions and is not intended to form the basis of any investment decision or any other decision in respect of the Proposed Transactions. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, SHAREHOLDERS OF CCCM AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE PRELIMINARY PROXY STATEMENT/PROSPECTUS, AND AMENDMENTS THERETO, AND THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH CCCM’s SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE PROPOSED TRANSACTIONS AND OTHER MATTERS AS DESCRIBED IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT CCCM, PROCAP BTC, PROCAP FINANCIAL AND THE PROPOSED TRANSACTIONS. Investors and security holders will also be able to obtain copies of the Registration Statement and the Proxy Statement/Prospectus and all other documents filed or that will be filed with the SEC by CCCM and ProCap Financial, without charge, once available, on the SEC’s website at www.sec.gov or by directing a request to: Columbus Circle Capital Corp. I, 3 Columbus Circle, 24th Floor New York, NY 10019, e-mail: IR@ColumbusCircleCap.com; or upon written request to ProCap Financial, Inc., 600 Lexington Ave., Floor 2, New York, NY 10022.

    NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE PROPOSED TRANSACTIONS DESCRIBED HEREIN, PASSED UPON THE MERITS OR FAIRNESS OF THE BUSINESS COMBINATION OR ANY RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS COMMUNICATION. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.

    The offer and sale of the convertible notes to be issued by ProCap Financial and the preferred units of ProCap BTC sold in connection with the Proposed Transactions has not been registered under the Securities Act of 1933, as amended (the “Securities Act”) and such securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933.

    Participants in Solicitation

    CCCM, ProCap BTC, ProCap Financial and their respective directors, executive officers, certain of their shareholders and other members of management and employees may be deemed under SEC rules to be participants in the solicitation of proxies from CCCM’s shareholders in connection with the Proposed Transactions. A list of the names of such persons, and information regarding their interests in the Proposed Transactions and their ownership of CCCM’s securities are, or will be, contained in CCCM’s filings with the SEC, including the final prospectus for CCCM’s initial public offering filed with the SEC on May 19, 2025. Additional information regarding the interests of the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of CCCM’s shareholders in connection with the Proposed Transactions, including the names and interests of ProCap BTC’s and ProCap Financial’s respective directors or managers and executive officers, will be set forth in the Registration Statement and Proxy Statement/Prospectus, which is expected to be filed by ProCap Financial and CCCM with the SEC. Investors and security holders may obtain free copies of these documents as described above.

    No Offer or Solicitation

    This communication and the information contained herein is for informational purposes only and is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transactions and shall not constitute an offer to sell or exchange, or a solicitation of an offer to buy or exchange the securities of CCCM or ProCap Financial, or any commodity or instrument or related derivative, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, sale or exchange would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act or an exemption therefrom. Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act.

    Forward-Looking Statements

    This communication contains certain forward-looking statements within the meaning of the U.S. federal securities laws with respect to the Proposed Transactions involving ProCap Financial, ProCap BTC, and CCCM, including expectations, hopes, beliefs, intentions, plans, prospects, financial results or strategies regarding ProCap BTC, ProCap Financial, CCCM and the Proposed Transactions, statements regarding the anticipated benefits and timing of the completion of the Proposed Transactions, the assets held by ProCap BTC and ProCap Financial, the price and volatility of bitcoin, bitcoin’s growing prominence as a digital asset and as the foundation of a new financial system, ProCap Financial’s listing on any securities exchange, the macro and political conditions surrounding bitcoin, the planned business strategy including ProCap Financial’s ability to develop a corporate architecture capable of supporting financial products built with and on bitcoin including native lending models, capital market instruments, and future innovations that will replace legacy financial tools with bitcoin-aligned alternatives, plans and use of proceeds, objectives of management for future operations of ProCap Financial, the upside potential and opportunity for investors, ProCap Financial’s plan for value creation and strategic advantages, market size and growth opportunities, regulatory conditions, technological and market trends, future financial condition and performance and expected financial impacts of the Proposed Transactions, the satisfaction of closing conditions to the Proposed Transactions and the level of redemptions of CCCM’s public shareholders, and ProCap Financial’s expectations, intentions, strategies, assumptions or beliefs about future events, results of operations or performance or that do not solely relate to historical or current facts. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events or conditions that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including, but not limited to: the risk that the Proposed Transactions may not be completed in a timely manner or at all, which may adversely affect the price of CCCM’s securities; the risk that the Proposed Transactions may not be completed by CCCM’s business combination deadline; the failure by the parties to satisfy the conditions to the consummation of the Proposed Transactions, including the approval of CCCM’s shareholders; failure to realize the anticipated benefits of the Proposed Transactions; the level of redemptions of the CCCM’s public shareholders, which may reduce the public float of, reduce the liquidity of the trading market of, and/or maintain the quotation, listing, or trading of the Class A ordinary shares of CCCM or the shares of common stock of ProCap Financial to be listed in connection with the Proposed Transactions; the insufficiency of the third-party fairness opinion for the board of directors of CCCM in determining whether or not to pursue the Proposed Transactions; the failure of ProCap Financial to obtain or maintain the listing of its securities on any securities exchange after closing of the Proposed Transactions; risks associated with CCCM, ProCap BTC and ProCap Financial’s ability to consummate the Proposed Transactions timely or at all, including in connection with potential regulatory delays or impediments, changes in bitcoin prices or for other reasons; costs related to the Proposed Transactions and as a result of becoming a public company; changes in business, market, financial, political and regulatory conditions; risks relating to ProCap Financial’s anticipated operations and business, including the highly volatile nature of the price of bitcoin; the risk that ProCap Financial’s stock price will be highly correlated to the price of bitcoin and the price of bitcoin may decrease between the signing of the definitive documents for the Proposed Transactions and the closing of the Proposed Transactions or at any time after the closing of the Proposed Transactions; asset security and risks associated with CCCM, ProCap BTC and ProCap Financial’s ability to consummate the Proposed Transactions timely or at all, including in connection with potential regulatory delays or impediments, changes in bitcoin prices or for other reasons; risks related to increased competition in the industries in which ProCap Financial will operate; risks relating to significant legal, commercial, regulatory and technical uncertainty regarding bitcoin; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes; risks that after consummation of the Proposed Transactions, ProCap Financial experiences difficulties managing its growth and expanding operations; the risks that launching and growing ProCap Financial’s bitcoin treasury advisory and services in digital marketing and strategy could be difficult; challenges in implementing ProCap Financial’s business plan, due to operational challenges, significant competition and regulation; being considered to be a “shell company” by any stock exchange on which ProCap Financial’s common stock will be listed or by the SEC, which may impact ProCap Financial’s ability to list ProCap Financial’s common stock and restrict reliance on certain rules or forms in connection with the offering, sale or resale of securities; the outcome of any potential legal proceedings that may be instituted against ProCap Financial, ProCap BTC, CCCM or others following announcement of the Proposed Transactions, and those risk factors discussed in documents that ProCap Financial and/or CCCM filed, or that will be filed, with the SEC.

    The foregoing list of risk factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the final prospectus of CCCM dated as of May 15, 2025 and filed by CCCM with the SEC on May 19, 2025, CCCM’s Quarterly Reports on Form 10-Q and CCCM’s Annual Reports on Form 10-K that will be filed by CCCM from time to time, the Registration Statement that will be filed by ProCap Financial and CCCM and the Proxy Statement/Prospectus contained therein, and other documents that have been or will be filed by CCCM and ProCap Financial from time to time with the SEC. These filings do or will identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. There may be additional risks that neither CCCM nor ProCap Financial presently know or that CCCM and ProCap Financial currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements.

    Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and each of CCCM, ProCap BTC, and ProCap Financial assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither CCCM, ProCap BTC, nor ProCap Financial gives any assurance that any of CCCM, ProCap BTC, or ProCap Financial will achieve their respective expectations. The inclusion of any statement in this communication does not constitute an admission by CCCM, ProCap BTC or ProCap Financial or any other person that the events or circumstances described in such statement are material.

    The terms of the Proposed Transactions described in this communication, including any dollar-denominated figures or implied valuations, are based on information as of the date of the signing of the definitive business combination agreement and assume no redemptions from the CCCM trust account. These terms are subject to change, including as a result of fluctuations in the price of bitcoin prior to closing of the Proposed Transactions. There can be no assurance that the final terms at Closing will reflect the figures referenced herein.

    Media Contacts

    Ebony Lewkovitz
    ebony@edencommunications.com 

    Larissa Bundziak
    larissa@edencommunications.com 

    IR@ColumbusCircleCap.com

    The MIL Network –

  • MIL-OSI: Anthony Pompliano Strikes $1 Billion Merger to Create ProCap Financial; Raises Over $750M in Largest Initial Fundraise in History for Public Bitcoin Treasury Company

    Source: GlobeNewswire (MIL-OSI)

    • ProCap Financial to strategically acquire bitcoin and generate revenue and profits from its bitcoin holdings
    • Equity investors have immediate exposure to bitcoin based on structure of financing transactions
    • Columbus Circle Capital Corp. I (NASDAQ: CCCM) to take ProCap Financial public

    New York, NY, June 23, 2025 (GLOBE NEWSWIRE) — American investor and entrepreneur Anthony Pompliano today announced that ProCap BTC, LLC, a bitcoin-native financial services firm, has entered into a definitive agreement for a business combination with Columbus Circle Capital Corp. I (NASDAQ: CCCM), a SPAC sponsored by a controlled subsidiary of Cohen & Company, Inc.

    At the closing of the proposed business combination, the combined company will operate as ProCap Financial, Inc., with up to $1 billion in bitcoin on its balance sheet. Entities in the proposed transaction raised $516.5 million in equity and $235 million in convertible notes, the largest initial fundraise in history for a public bitcoin treasury company.

    Leading institutional and bitcoin-native investors participating in the financing transactions include Magnetar Capital, Woodline Partners LP, Anson Funds, RK Capital, Off the Chain Capital, Parafi, Blockchain.com, Arrington Capital, BSQ Capital Partners, and FalconX. Industry veterans such as Mark Yusko, Jason Williams, Eric Semler, Tony Guoga, and Matteo Franceschetti participated as well.

    ProCap Financial aims to become the leading financial services firm at the intersection of bitcoin and traditional finance. ProCap Financial plans to use its bitcoin balance sheet to generate revenue and profit through a variety of strategies.

    ProCap Financial will be led by Anthony Pompliano, who has invested in more than 300 private companies and is one of the leading voices on bitcoin globally.

    “The legacy financial system is being disrupted by bitcoin,” said Pompliano. “ProCap Financial represents our solution to the increasing demand for bitcoin-native financial services among sophisticated investors. Our objective is to develop a platform that will not only acquire bitcoin for our balance sheet, but will also implement risk-mitigated solutions to generate revenue and profits from our bitcoin holdings.”

    “From day one we sought to partner with a platform and a leader that could develop a transformative organization – and we found that in ProCap BTC and Anthony Pompliano,” said Gary Quin, CEO of CCCM. “Anthony’s track record as an innovative investor, operator, and early advocate in the bitcoin ecosystem speaks for itself. We believe his deep expertise and relentless conviction will help continue to transform an industry undergoing rapid evolution.”

    Terms of the Proposed Business Combination and Financing Transactions

    The proposed business combination (the “Business Combination”) between ProCap BTC, LLC (“ProCap BTC”) and Columbus Circle Capital Corp. I (“CCCM”) will result in ProCap Financial, Inc. (“ProCap Financial”) being a publicly listed company. In connection with the Business Combination, ProCap BTC sold $516.5 million of non-voting preferred units to investors in a private placement (the “Preferred Equity Raise”) and ProCap Financial secured commitments for $235 million in senior secured convertible notes (the “Convertible Notes”) from investors in a private placement (the “Convertible Debt Raise”, together with the Business Combination and the Preferred Equity Raise, the “Proposed Transactions”). At the closing of the Business Combination (the “Closing”), any funds remaining in the CCCM trust account will be delivered to ProCap Financial. The full proceeds of the CCCM Trust Account, assuming no trust redemptions at or prior to Closing, is included in the up to $1 billion expected to be used to purchase bitcoin for ProCap Financial’s balance sheet.

    The Preferred Equity Raise was funded contemporaneously with the execution of the definitive agreements. ProCap BTC agreed to purchase bitcoin (the “BTC Assets”) using the aggregate amount of funds raised in the Preferred Equity Raise within fifteen days of the date of signing the definitive agreements. The BTC Assets will be held in a custodial account until the completion of the Business Combination, providing future shareholders of ProCap Financial with immediate exposure to bitcoin rather than waiting until after the Closing.

    The Convertible Notes will be funded at the close of the Business Combination and have a 130% conversation rate, zero interest rate, and maturity of up to 36 months. The Convertible Notes will be 2x collateralized by cash, cash equivalents or a portion of the bitcoin purchased with the proceeds from the Proposed Transactions. U.S. Bank National Trust, N.A. will serve as collateral agent and trustee with regard to the Convertible Notes and associated indenture and guarantee arrangements.

    At the Closing, former security holders of CCCM and former unit holders of ProCap BTC (“ProCap Holders”) will receive, as consideration in the Business Combination, newly-issued securities of ProCap Financial. The number of ProCap Financial shares issuable to the ProCap Holders at Closing will depend on the value of the BTC Assets measured as of a date shortly before the Closing, subject to a cap, and provided, also, that the ProCap Holders that are investors in the Preferred Equity Raise (as defined herein) will, at a minimum, receive such number of ProCap Financial shares as represents 1.25 times the number of preferred units delivered to such investors upon consummation of the Preferred Equity Raise, based on the trade weighted average price of the BTC Assets, as further described in the definitive agreements for the Proposed Transactions (the “Transaction Agreements”).

    Prior to entering into the definitive agreement, the proposed Business Combination has been approved by the board of directors of CCCM and by the board of managers of ProCap BTC. The terms of the Transaction Agreements, including covenants and conditions to Closing reasonably customary for similar transactions, including that the Proposed Transactions and their terms be approved by requisite CCCM shareholders and by the sole voting unit holder of ProCap BTC, an entity owned and controlled by Pompliano.

    The parties expect to consummate the Proposed Transactions prior to the end of 2025, after the submission for review by the U.S. Securities & Exchange Commission (the “SEC”) of a registration statement on Form S-4 to register applicable securities issuable by ProCap Financial upon consummation of the proposed Business Combination. The parties intend to take actions necessary for the Convertible Notes, upon issuance in connection with the Closing, to have an associated 144A CUSIP number on the issue date to facilitate potential post-Closing trading amongst QUIBS, but are not expected to otherwise be registered or tradeable.

    The terms of the Proposed Transactions described in this release, including any dollar-denominated figures or implied valuations, are based on information as of the date of the signing of the Transaction Agreements and assume no redemptions from the CCCM trust account. These terms are subject to change, including as a result of fluctuations in the price of bitcoin prior to Closing. There can be no assurance that the final terms at Closing will reflect the figures referenced herein.

    Advisors

    Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC (“Cohen & Company”) is acting as exclusive financial advisor to ProCap BTC.

    Cohen & Company and Clear Street LLC are serving as joint co-placement agents in connection with the Preferred Equity Raise and Convertible Debt Raise.

    Reed Smith LLP is acting as legal advisor for ProCap BTC, LLC and ProCap Financial, Inc. in connection with the Proposed Transactions.

    Ellenoff Grossman & Schole LLP is acting as legal advisor to CCCM in connection with the Proposed Transactions. Ogier is acting as special Cayman Islands counsel to CCCM.

    Morgan, Lewis & Bockius LLP is acting as legal advisor to the joint co-placement agents in connection with the Preferred Equity Raise and Convertible Debt Raise.

    About ProCap BTC, LLC and ProCap Financial, Inc.

    ProCap BTC, LLC is a bitcoin-native financial services firm founded by Anthony Pompliano. Pompliano has invested in more than 300 private companies and is one of the leading voices on bitcoin globally. ProCap Financial, Inc., the company resulting from the proposed Business Combination, will focus on implementing various profit-generating products and services to support the unique financial needs of large financial institutions and institutional investors.

    About Columbus Circle Capital I
    Columbus Circle Capital Corp. I (NASDAQ: CCCM) is a Cayman Islands–incorporated blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company is led by Chairman and CEO Gary Quin, a veteran investment banker with over 25 years of experience in cross-border M&A, private equity, and capital markets; COO Dan Nash, a skilled investment banker, with a strong track record in SPAC execution and building high-growth advisory platforms; and CFO Joseph W. Pooler, Jr., who brings decades of public company financial leadership. The board of directors includes Garrett Curran, Alberto Alsina Gonzalez, Dr. Adam Back, and Matthew Murphy.

    About Cohen & Company

    Cohen & Company is J.V. B. Financial Group, LLC’s full-service boutique investment bank based in New York City that provides high-touch services across strategic advisory, mergers & acquisitions, and capital markets transactions. Cohen & Company merges boutique attentiveness with institutional scale. Learn more at https://www.cohencm.com/.  J.V. B. Financial Group, LLC is an indirect controlled subsidiary of Cohen & Company Inc, a financial services company specializing in an expanding range of capital markets and asset management services. Cohen and Company Inc has approximately $2.3 billion of assets under management. 

    About Clear Street

    Clear Street Investment Banking provides a full suite of strategic advisory, transactions and creative capital solutions to companies and investors across high-growth sectors including technology, healthcare, energy and beyond. Clear Street Investment Banking is part of Clear Street, the cloud-native financial services firm delivering financing, derivatives, execution and more to power client success. Learn more at https://www.clearstreet.io/investment-banking.

    Additional Information and Where to Find It

    ProCap Financial, Inc. (“ProCap Financial”) and Columbus Circle Capital Corp. I (“CCCM”) intend to file with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4 (as may be amended, the “Registration Statement”), which will include a preliminary proxy statement of CCCM and a prospectus (the “Proxy Statement/Prospectus”) in connection with the proposed business combination between ProCap BTC, LLC (“ProCap BTC”) and CCCM (the “Proposed Transactions”). The definitive proxy statement and other relevant documents will be mailed to shareholders of CCCM as of a record date to be established for voting on the Proposed Transactions and other matters as described in the Proxy Statement/Prospectus. ProCap Financial and/or CCCM will also file other documents regarding the Proposed Transactions with the SEC. This communication does not contain all of the information that should be considered concerning the Proposed Transactions and is not intended to form the basis of any investment decision or any other decision in respect of the Proposed Transactions. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, SHAREHOLDERS OF CCCM AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE PRELIMINARY PROXY STATEMENT/PROSPECTUS, AND AMENDMENTS THERETO, AND THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH CCCM’s SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE PROPOSED TRANSACTIONS AND OTHER MATTERS AS DESCRIBED IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT CCCM, PROCAP BTC, PROCAP FINANCIAL AND THE PROPOSED TRANSACTIONS. Investors and security holders will also be able to obtain copies of the Registration Statement and the Proxy Statement/Prospectus and all other documents filed or that will be filed with the SEC by CCCM and ProCap Financial, without charge, once available, on the SEC’s website at www.sec.gov or by directing a request to: Columbus Circle Capital Corp. I, 3 Columbus Circle, 24th Floor New York, NY 10019, e-mail: IR@ColumbusCircleCap.com; or upon written request to ProCap Financial, Inc., 600 Lexington Ave., Floor 2, New York, NY 10022.

    NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE PROPOSED TRANSACTIONS DESCRIBED HEREIN, PASSED UPON THE MERITS OR FAIRNESS OF THE BUSINESS COMBINATION OR ANY RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS COMMUNICATION. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.

    The offer and sale of the convertible notes to be issued by ProCap Financial and the preferred units of ProCap BTC sold in connection with the Proposed Transactions has not been registered under the Securities Act of 1933, as amended (the “Securities Act”) and such securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933.

    Participants in Solicitation

    CCCM, ProCap BTC, ProCap Financial and their respective directors, executive officers, certain of their shareholders and other members of management and employees may be deemed under SEC rules to be participants in the solicitation of proxies from CCCM’s shareholders in connection with the Proposed Transactions. A list of the names of such persons, and information regarding their interests in the Proposed Transactions and their ownership of CCCM’s securities are, or will be, contained in CCCM’s filings with the SEC, including the final prospectus for CCCM’s initial public offering filed with the SEC on May 19, 2025. Additional information regarding the interests of the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of CCCM’s shareholders in connection with the Proposed Transactions, including the names and interests of ProCap BTC’s and ProCap Financial’s respective directors or managers and executive officers, will be set forth in the Registration Statement and Proxy Statement/Prospectus, which is expected to be filed by ProCap Financial and CCCM with the SEC. Investors and security holders may obtain free copies of these documents as described above.

    No Offer or Solicitation

    This communication and the information contained herein is for informational purposes only and is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transactions and shall not constitute an offer to sell or exchange, or a solicitation of an offer to buy or exchange the securities of CCCM or ProCap Financial, or any commodity or instrument or related derivative, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, sale or exchange would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act or an exemption therefrom. Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act.

    Forward-Looking Statements

    This communication contains certain forward-looking statements within the meaning of the U.S. federal securities laws with respect to the Proposed Transactions involving ProCap Financial, ProCap BTC, and CCCM, including expectations, hopes, beliefs, intentions, plans, prospects, financial results or strategies regarding ProCap BTC, ProCap Financial, CCCM and the Proposed Transactions, statements regarding the anticipated benefits and timing of the completion of the Proposed Transactions, the assets held by ProCap BTC and ProCap Financial, the price and volatility of bitcoin, bitcoin’s growing prominence as a digital asset and as the foundation of a new financial system, ProCap Financial’s listing on any securities exchange, the macro and political conditions surrounding bitcoin, the planned business strategy including ProCap Financial’s ability to develop a corporate architecture capable of supporting financial products built with and on bitcoin including native lending models, capital market instruments, and future innovations that will replace legacy financial tools with bitcoin-aligned alternatives, plans and use of proceeds, objectives of management for future operations of ProCap Financial, the upside potential and opportunity for investors, ProCap Financial’s plan for value creation and strategic advantages, market size and growth opportunities, regulatory conditions, technological and market trends, future financial condition and performance and expected financial impacts of the Proposed Transactions, the satisfaction of closing conditions to the Proposed Transactions and the level of redemptions of CCCM’s public shareholders, and ProCap Financial’s expectations, intentions, strategies, assumptions or beliefs about future events, results of operations or performance or that do not solely relate to historical or current facts. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events or conditions that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including, but not limited to: the risk that the Proposed Transactions may not be completed in a timely manner or at all, which may adversely affect the price of CCCM’s securities; the risk that the Proposed Transactions may not be completed by CCCM’s business combination deadline; the failure by the parties to satisfy the conditions to the consummation of the Proposed Transactions, including the approval of CCCM’s shareholders; failure to realize the anticipated benefits of the Proposed Transactions; the level of redemptions of the CCCM’s public shareholders, which may reduce the public float of, reduce the liquidity of the trading market of, and/or maintain the quotation, listing, or trading of the Class A ordinary shares of CCCM or the shares of common stock of ProCap Financial to be listed in connection with the Proposed Transactions; the insufficiency of the third-party fairness opinion for the board of directors of CCCM in determining whether or not to pursue the Proposed Transactions; the failure of ProCap Financial to obtain or maintain the listing of its securities on any securities exchange after closing of the Proposed Transactions; risks associated with CCCM, ProCap BTC and ProCap Financial’s ability to consummate the Proposed Transactions timely or at all, including in connection with potential regulatory delays or impediments, changes in bitcoin prices or for other reasons; costs related to the Proposed Transactions and as a result of becoming a public company; changes in business, market, financial, political and regulatory conditions; risks relating to ProCap Financial’s anticipated operations and business, including the highly volatile nature of the price of bitcoin; the risk that ProCap Financial’s stock price will be highly correlated to the price of bitcoin and the price of bitcoin may decrease between the signing of the definitive documents for the Proposed Transactions and the closing of the Proposed Transactions or at any time after the closing of the Proposed Transactions; asset security and risks associated with CCCM, ProCap BTC and ProCap Financial’s ability to consummate the Proposed Transactions timely or at all, including in connection with potential regulatory delays or impediments, changes in bitcoin prices or for other reasons; risks related to increased competition in the industries in which ProCap Financial will operate; risks relating to significant legal, commercial, regulatory and technical uncertainty regarding bitcoin; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes; risks that after consummation of the Proposed Transactions, ProCap Financial experiences difficulties managing its growth and expanding operations; the risks that launching and growing ProCap Financial’s bitcoin treasury advisory and services in digital marketing and strategy could be difficult; challenges in implementing ProCap Financial’s business plan, due to operational challenges, significant competition and regulation; being considered to be a “shell company” by any stock exchange on which ProCap Financial’s common stock will be listed or by the SEC, which may impact ProCap Financial’s ability to list ProCap Financial’s common stock and restrict reliance on certain rules or forms in connection with the offering, sale or resale of securities; the outcome of any potential legal proceedings that may be instituted against ProCap Financial, ProCap BTC, CCCM or others following announcement of the Proposed Transactions, and those risk factors discussed in documents that ProCap Financial and/or CCCM filed, or that will be filed, with the SEC.

    The foregoing list of risk factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the final prospectus of CCCM dated as of May 15, 2025 and filed by CCCM with the SEC on May 19, 2025, CCCM’s Quarterly Reports on Form 10-Q and CCCM’s Annual Reports on Form 10-K that will be filed by CCCM from time to time, the Registration Statement that will be filed by ProCap Financial and CCCM and the Proxy Statement/Prospectus contained therein, and other documents that have been or will be filed by CCCM and ProCap Financial from time to time with the SEC. These filings do or will identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. There may be additional risks that neither CCCM nor ProCap Financial presently know or that CCCM and ProCap Financial currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements.

    Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and each of CCCM, ProCap BTC, and ProCap Financial assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither CCCM, ProCap BTC, nor ProCap Financial gives any assurance that any of CCCM, ProCap BTC, or ProCap Financial will achieve their respective expectations. The inclusion of any statement in this communication does not constitute an admission by CCCM, ProCap BTC or ProCap Financial or any other person that the events or circumstances described in such statement are material.

    The terms of the Proposed Transactions described in this communication, including any dollar-denominated figures or implied valuations, are based on information as of the date of the signing of the definitive business combination agreement and assume no redemptions from the CCCM trust account. These terms are subject to change, including as a result of fluctuations in the price of bitcoin prior to closing of the Proposed Transactions. There can be no assurance that the final terms at Closing will reflect the figures referenced herein.

    Media Contacts

    Ebony Lewkovitz
    ebony@edencommunications.com 

    Larissa Bundziak
    larissa@edencommunications.com 

    IR@ColumbusCircleCap.com

    The MIL Network –

  • India advances carbon pricing reforms to meet climate goals

    Source: Government of India

    Source: Government of India (4)

    India is moving steadily towards establishing a comprehensive carbon pricing ecosystem aimed at meeting its climate and development commitments. With the formal adoption of the Carbon Credit Trading Scheme (CCTS) in July 2024 and increasing alignment with global carbon markets, the country is setting the stage for a structured, rate-based Emissions Trading System (ETS).

    According to the World Bank’s State and Trends of Carbon Pricing 2025 report, India has emerged as a notable player among emerging economies—alongside Brazil and Türkiye—in advancing carbon pricing frameworks and climate finance tools.

    A Transition to Rate-Based Emissions Trading

    Unlike cap-based systems where total emissions are limited, India’s ETS follows a rate-based model. Here, emissions are not capped outright, but each entity is assigned a performance benchmark to limit net emissions relative to output. This model offers greater flexibility, particularly for fast-growing economies like India, by accommodating industrial expansion while maintaining climate discipline.

    The national ETS is set to initially cover nine energy-intensive sectors, including cement, steel, and power generation. Facilities outperforming benchmark emission levels will be issued tradable Credit Certificates. The scheme thus rewards efficiency while laying the groundwork for the Indian Carbon Market (ICM).

    India’s Ministry of Power approved eight methodologies on March 28, 2025, for generating voluntary carbon credits. These include renewable energy, green hydrogen production, industrial energy efficiency, and mangrove afforestation. This move supports the broader aim of transitioning from existing schemes such as the Perform, Achieve and Trade (PAT) programme to a market-ready, credit-based system.

    Emerging Economies in Comparison

    Among peer economies, China operates a similar rate-based ETS focused on the power and heavy industrial sectors. Indonesia, too, follows a rate-based structure and has recently expanded its coverage. Brazil stands apart with a cap-based system, legislated in December 2024, covering all sectors barring agriculture. India’s carbon pricing framework is currently in the regulatory phase but is expected to become operational within the next fiscal year.

    Voluntary Carbon Market: Expanding the Scope

    India is developing a voluntary carbon market to include sectors currently outside the purview of the compliance mechanism. These encompass agriculture, afforestation, and clean cooking initiatives. The objective is to channel private capital towards climate-positive projects through transparent crediting mechanisms and market participation.

    The regulatory backbone for this voluntary market is provided by the Energy Conservation (Amendment) Act, 2022. This law empowers the central government to issue carbon credit certificates, thereby legitimising both compliance and voluntary credit markets.

    Policy Support and Institutional Framework

    Several flagship initiatives are helping fortify India’s carbon market architecture. Among them is the National Green Hydrogen Mission, which aims to produce 5 million metric tonnes of green hydrogen annually by 2030. The mission is closely tied to the carbon credit mechanism through approved methodologies that recognise hydrogen’s potential as a low-emission fuel.

    Meanwhile, the PAT scheme—implemented by the Bureau of Energy Efficiency (BEE) since 2012—has achieved a 15–25% reduction in emissions intensity in targeted sectors. It will gradually integrate with the ETS, ensuring a seamless policy transition.

    India’s renewable energy ambitions remain central to its climate policy. The government aims to install 500 GW of non-fossil fuel-based power capacity by 2030, with carbon pricing acting as a complementary instrument to accelerate this shift.

    Market Readiness and Governance

    To strengthen governance, the National Steering Committee for the Indian Carbon Market (NSCICM) has been constituted. It includes representatives from key ministries, state governments, and industry stakeholders. The Committee is responsible for setting targets, issuing guidelines, and ensuring transparency in market operations. It also oversees the development of international trading mechanisms and verifies emission intensity reductions.

    The Bureau of Energy Efficiency, functioning under the Ministry of Power, plays a pivotal role as the technical arm of India’s climate governance. Since its inception in 2002, BEE has deployed a combination of regulatory and market-based tools to drive energy efficiency across sectors such as industry, buildings, transport, and agriculture.

    Enabling Behavioural Shifts

    India’s approach also includes behavioural interventions. Launched as a global movement at COP27, Mission LiFE (Lifestyle for Environment) encourages individuals to adopt climate-friendly daily habits. The mission aims to mobilise one billion people by 2028 and transform 80% of Indian villages and urban bodies into green communities.

    Complementing this is the Green Credit Programme (GCP), which was notified in October 2023 under the Environment Protection Act, 1986. GCP promotes tree plantation on degraded forest land, issuing digital credits to participants—ranging from individuals to corporations—who maintain the plantations over a decade. The scheme is designed to expand India’s green cover and incentivise voluntary environmental stewardship.

    Towards a Carbon-Conscious Economy

    India’s carbon pricing journey is firmly grounded in the principle of Common but Differentiated Responsibilities and Respective Capabilities (CBDR-RC), ensuring that climate action remains equitable and context-specific. With institutional structures now in place and policy backing strong, the country is poised to lead by example in aligning economic development with environmental sustainability.

  • MIL-OSI: AGF Investments Announces June 2025 Cash Distributions for Certain AGF ETFs and ETF Series

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 23, 2025 (GLOBE NEWSWIRE) — AGF Investments Inc. (AGF Investments) today announced the June 2025 cash distributions for AGF Enhanced U.S. Equity Income Fund*, AGF Total Return Bond Fund* and AGF Systematic Global Infrastructure ETF, which pay monthly distributions, as well as AGF Global Sustainable Growth Equity ETF, which pays quarterly distributions. Unitholders of record on June 30, 2025 will receive cash distributions payable on July 7, 2025.

    Details regarding the final “per unit” distribution amounts are as follows:

    ETF Ticker Exchange Cash Distribution
    Per Unit ($)
    AGF Enhanced U.S. Equity Income Fund* AENU Cboe Canada Inc. $0.135717
    AGF Total Return Bond Fund* ATRB Cboe Canada Inc. $0.094000
    AGF Systematic Global Infrastructure ETF QIF Cboe Canada Inc. $0.146216
    AGF Global Sustainable Growth Equity ETF AGSG Cboe Canada Inc. $0.142000
           

    *AGF Enhanced U.S. Equity Income Fund and AGF Total Return Bond Fund are mutual funds with an ETF series option.

    Further information about the AGF ETFs can be found at AGF.com.

    This information is not intended to provide legal, accounting, tax, investment, financial, or other advice, and should not be relied upon for providing such advice. Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated.

    AGF ETFs are ETFs offered by AGF Investments Inc. ETFs are listed and traded on organized Canadian exchanges and may only be bought and sold through licensed dealers.

    About AGF Management Limited

    Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.

    AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.

    Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With over $53 billion in total assets under management and fee-earning assets, AGF serves more than 815,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

    About AGF Investments

    AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments America Inc. (AGFA), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). The term AGF Investments may refer to one or more of these subsidiaries or to all of them jointly. This term is used for convenience and does not precisely describe any of the separate companies, each of which manages its own affairs.

    AGF Investments entities only provide investment advisory services or offers investment funds in the jurisdiction where such firm and/or product is registered or authorized to provide such services.

    AGF Investments Inc. is a wholly-owned subsidiary of AGF Management Limited and conducts the management and advisory of mutual funds in Canada.

    Media Contact

    Amanda Marchment
    Director, Corporate Communications
    416-865-4160
    amanda.marchment@agf.com  

    The MIL Network –

  • MIL-OSI Russia: Israel strikes military targets in western Iran

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    JERUSALEM, June 23 (Xinhua) — The Israel Defense Forces (IDF) carried out new strikes on targets in Kermanshah province in western Iran, the IDF said on Monday.

    The Israeli Air Force struck what it called “military infrastructure” — launch pads and storage facilities for surface-to-surface missiles, the military said in a statement. More than 15 warplanes took part in the operation.

    The strikes came shortly after Iran fired a rocket at Israel before dawn, sending air raid sirens ringing across much of the country. The Israeli military said the rocket was shot down and there were no casualties or damage.

    The Iranian attack followed US President Donald Trump’s suggestion of possible regime change in Iran. –0–

    MIL OSI Russia News –

  • MIL-OSI USA: Nguyen’s Injectable Piezoelectric Gel Could Treat Osteoarthritis without Surgery

    Source: US State of Connecticut

    Millions of Americans suffer from osteoarthritis, a painful joint disease that wears down cartilage and can severely impact mobility. Pain medications only mask symptoms, and surgical option carry risks of infection and immune rejection.

    Thanh Nyugen examines a sample of piezoelectric nanofibers which will be used for the injectable hydrogel for cartilage regeneration. (Contributed photo)

    At the University of Connecticut, a research team led by Thanh Nguyen, associate professor of mechanical engineering and biomedical engineering, believes the future of joint repair might lie in a tiny electrical spark—and a simple injection.

    Backed by a $2.3M grant from the National Institutes of Health (NIH) and National Institute of Biomedical Imaging and Bioengineering (NIBIB), Nguyen and his team are developing an injectable hydrogel designed to stimulate cartilage regeneration in large animal models.

    “With current treatments, we’re managing the pain, not healing the tissue,” says Nguyen. “We’re hoping that the body’s own mechanical movements—like walking—can generate tiny electrical signals that encourage cartilage to grow back.”

    The innovation harnesses the body’s natural bioelectric signals to promote healing. The injectable gel contains a piezoelectric scaffold—a composite made from biodegradable poly-L-lactic acid (PLLA) nanofibers and magnesium oxide nanoparticles. When subjected to mechanical stress—such as joint movement or ultrasound—this scaffold generates small electrical charges.

    “By delivering [electrical] signals directly to damaged areas, the scaffold can stimulate cell activity and encourage the regeneration of strong, durable cartilage, particularly in high-load joints like the knees and hips.” — Thanh Nguyen, College of Engineering

    These mimic the body’s natural electrical cues that guide tissue development and repair.

    “By delivering these signals directly to damaged areas, the scaffold can stimulate cell activity and encourage the regeneration of strong, durable cartilage, particularly in high-load joints like the knees and hips,” Nguyen says. “This method also is cell-free and drug-free, a major advantage over traditional regenerative therapies that often require lab-grown stem cells.”

    The new grant-funded study, titled “Injectable Cell-Free Piezoelectric Scaffold to Treat Osteoarthritis in Large Animal Models,” will run through 2029. It’s based on two previous studies by Nguyen, his former postdoctoral fellow Yang Liu (now a professor at Peking University, China) and his former student Tra Vinikoor ’24 Ph.D. (now an advisor at the federal Food and Drug Administration). In these studies, the team injected the gel into the knees of rabbits with damaged cartilage, and within two months, saw re-formed, functional cartilage in the animals’ knees.

    Their work was published in the top medical journals of Science Translational Medicine and Nature Communication. (See previous UConn Today articles: Regrowing Cartilage in a Damaged Knee Gets Closer to Fixing Arthritis and Gel Repairs Cartilage Without Surgery, With Electricity)

    Nguyen’s team will spend the next four years testing the injectable gel’s effectiveness in large animal models. This is a key step before human clinical trials. (contributed photo)

    Over the next four years, Nguyen’s team will test the gel’s effectiveness in large animal models, a key step before human clinical trials. Along with four other active NIH Research Project (RO1) grants funding Nguyen’s work with piezoelectric biomaterials, the group hopes that the result of this project will successfully demonstrate that a single injection, followed by brief external ultrasound sessions, can significantly restore cartilage function in severe osteoarthritis cases.

    Nguyen’s research is highly interdisciplinary and at the interface of biomaterials, nano/micro-technology, and medicine. He credits the project’s progress to a “deeply collaborative” environment at UConn, where engineering and biomedical science intersect in innovative ways.

    The NIH/NIBIB grant is the fourth grant Nguyen received in FY25. Others include: “MAP Technology for Single-Admin and Co-Delivery of Polio and Other Vxs,” supported by a $4M grant from the Gates Foundation; “Bionic Self-Charged Bone Composite Scaffold,” supported by a $2.1 award from NIH/NIBIB; and “Advancing Multi-bNAbs Microneedle Patch Technology For HIV-1 Prevention in Breastfeeding Infants,” supported by a $1.5M grant from NIH/National Institute of Allergy and Infectious Diseases.

    In addition, Nguyen served as the Materials Research Society’s Early Career Distinguished Presenter at the organization’s meeting in 2025. He spoke about his work on “Current Advances of Biodegradable and Biocompatible nanofiber-based materials for tissue engineering and drug delivery.”

    “We’re building hope for people who’ve been told their only option is a joint replacement,” he says.

    MIL OSI USA News –

  • MIL-OSI USA: Gift Brings UConn’s Immersive Holocaust and Bias Awareness Program to High School Students

    Source: US State of Connecticut

    Students in some Greater Hartford schools will get the chance to learn about reducing bias and antisemitism through a new UConn program that uses powerful, interactive experiences. Organizers hope to eventually expand the program statewide.

    The Morris and Judy Sarna Breaking Bias & Creating Community Program in UConn’s Neag School of Education enables students to ask Holocaust survivors questions through a high-tech, immersive program from the USC Shoah Foundation.

    Students also engage with “The Journey Back” from the Illinois Holocaust Museum and Education Center. “The Journey Back” is a virtual reality experience where survivors take students on a journey that mirrors their experiences during the Holocaust, including visits to the Auschwitz concentration camp.

    Students also learn through a customized photo exhibit in their school that depicts the various perspectives and identities representing their schools and communities. For example, the West Hartford program will feature several photos of a local man who is a World War II veteran. The images show him variously playing cards, standing with a life-size photo of himself in his military uniform, and holding a Jewish star badge given to him by a French family he helped rescue during the war.

    The idea behind the Breaking Bias & Creating Community Program is to reduce hatred and build awareness, empathy, and community by understanding different perspectives and by studying past examples of antisemitism and racism.

    The cutting-edge program piloted last year at E.O. Smith High School in Storrs and will be launched in West Hartford middle and high schools in September. Glastonbury schools will host the program the following year. The program is expected to reach tens of thousands of students in multiple Connecticut school districts over the next decade.

    The program was made possible by a generous gift to the Neag School of Education from Judy Sarna and her late husband, Morris, who was a Holocaust survivor.

    “In essence, the goal is about reducing bias and building community,” explains Alan Marcus, the UConn Curriculum and Instruction professor who developed and directs the program. “The program is designed to help students develop empathy by seeing other people’s perspectives and being able to have conversations with them.”

    The program is designed to help students develop empathy by seeing other people’s perspectives and being able to have conversations with them. &#8212 Alan Marcus, Curriculum and Instruction professor

    The program also involves UConn students majoring in teacher education and graduate students. The UConn students help teach the programs in the schools, gaining hands-on, experiential learning. The gift from the Sarnas supports one of the University’s key campaign goals to invest in academic and innovation excellence.

    Judy Sarna says she and her husband, Morris, became involved in the program because they were increasingly worried about the rise in antisemitism and racism they were seeing around the world.

    Morris Sarna, who passed away Jan. 17 at age 97, was imprisoned in a series of Nazi concentration camps for four years starting at age 12. He and his brothers, Jack and Charles, survived and were liberated from the Czestochowa camp. Another brother, Joseph, survived the Mauthausen camp. But their parents and two youngest brothers were murdered in the Belzec extermination camp.

    Judy Sarna explains how they first got involved with the UConn program.

    “One day, my husband said, the world is getting like 1938 Germany,” Sarna says. “What can we do? There’s so much antisemitism.”

    Soon after, her niece told her about UConn’s program. The niece had learned about it through a friend, Carmen Effron ’72 (ED), ’81 MBA, who serves on the Neag Dean’s Board of Advocates. Judy immediately knew that she wanted to support the program.

    “I said, ‘Morris, I found the project for us. This is something we can do,” she says.

    One day, my husband said, ‘the world is getting like 1938 Germany. What can we do? There’s so much antisemitism.’ … I said, ‘Morris, I found the project for us. This is something we can do.’ &#8212 Judy Sarna

    Judy Sarna says it is important for new generations to learn about the Holocaust to make sure it is never repeated. She hopes the program will help foster more of a sense of understanding and community.

    “I think the Holocaust is an important piece of history. It shows how governments and people can be swayed and taken for a ride in a direction that generations will be sorry for,” she says. “It’s not impossible for the right person at the right time, who’s a great speaker, to really turn the world upside down.”

    She believes the innovative technology behind the program is more engaging for younger generations than more traditional methods, such as reading “The Diary of Anne Frank.”

    “This is a wonderful opportunity to take a pilot project, created by someone with great credentials and backed by a university, and watch it flower into something bigger,” she says.

    “The Sarnas’ donation is the largest gift from a single, private donor that the Neag School has received in the past 25 years,” Neag School Dean Jason G. Irizarry says. “We are grateful to Morris and Judy for their amazing generosity and their recognition of this groundbreaking program’s enormous potential. Using cutting-edge technology to build community and empathy among middle and high school students is the kind of innovative excellence that UConn and the Neag School are known for. I am excited to see the program reach students throughout Connecticut and the nation, thanks to the Sarnas’ support.”

    Sarna hopes the program continues to expand, perhaps someday becoming part of a statewide or even national curriculum. She urges others to consider supporting the program.

    “This is a place where even a small amount of money can go a long way,” she says. “You’re educating teachers and students and that goes on and on generationally well beyond the program.”

    Support the Morris and Judy Sarna Breaking Bias & Creating Community Program fund through the UConn Foundation. 

    MIL OSI USA News –

  • MIL-OSI: Flow Capital Announces US$1.5M Follow-On Investment in Tattle

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 23, 2025 (GLOBE NEWSWIRE) — Flow Capital Corp. (TSXV:FW) (“Flow Capital” or the “Company”) is pleased to announce a second follow-on investment of $1.5M in portfolio company, GetTattle Inc. (dba “Tattle”), a global Customer Experience Improvement (“CXI”) software-as-a-service (“SaaS”) platform focused primarily on the restaurant and hospitality sector.

    This follow-on round brings Flow Capital’s total investment in Tattle to US$5.5 million, and reaffirms the Company’s strong conviction in Tattle’s team, market opportunity, and long-term trajectory. The additional capital infusion will support Tattle’s continued growth driven by the launch of its AI Coach features, and further expand its presence within core enterprise verticals.

    Alongside the recent financing, Tattle announced the appointment of Kevin Quinn to its Board of Directors. Mr. Quinn is a seasoned finance executive and retired Partner and Co-Head of Global Technology Banking at Goldman Sachs, with over 25 years of experience advising and scaling high-growth companies in the technology and consumer sectors. Most recently, he served as a senior advisor to the U.S. Department of Commerce’s CHIPS for America program, an initiative to promote domestic semiconductor innovation and manufacturing.

    All growing technology companies seeking covenant-light founder-friendly growth capital are invited to apply for funding directly at www.flowcap.com/get-funding.

    About Tattle

    Tattle is the leading feedback and guest experience improvement platform built for multi-unit hospitality brands. By seamlessly integrating with the restaurant technology ecosystem, Tattle connects brands with their guests at every touchpoint of the guest journey. Tattle’s AI can instantly translate guest feedback across all ordering channels to generate location-specific action items, and empowers operations, marketing, and training teams to drive measurable improvements in guest satisfaction and revenue. Currently Tattle is active at over 15,000 restaurant locations, including hallmark brands such as Chili’s, CAVA, Hooters, PJ’s Coffee, Mellow Mushroom, and more.

    For more information, please visit www.gettattle.com

    About Flow Capital 

    Flow Capital Corp. is a publicly listed provider of flexible growth capital and alternative debt solutions dedicated to supporting high-growth companies. Since its inception in 2018, the company has provided financing to businesses in the US, the UK, and Canada, helping them achieve accelerated growth without the dilutive impact of equity financing or the complexities of traditional bank loans. Flow Capital focuses on revenue-generating, VC-backed, and founder-owned companies seeking $2 to $10 million in capital to drive their continued expansion.
    Learn more at www.flowcap.com.

    For further information, please contact:

    Flow Capital Corp.
    Alex Baluta
    ‎Chief Executive Officer
    ‎alex@flowcap.com
    47 Colborne Street, Suite 303, 
    ‎Toronto, Ontario M5E 1P8

    Forward-Looking Information and Statements

    Certain statements herein may be “forward-looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Flow or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Flow assumes no obligation, except as required by law, to update any forward-looking statements to reflect new events or circumstances.

    The MIL Network –

  • MIL-OSI: Baylin Technologies to Present at the Small Cap Growth Virtual Investor Conference June 26th

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 23, 2025 (GLOBE NEWSWIRE) — Baylin Technologies Inc. (“Baylin” or the “Company”), based in Toronto, Ontario, Canada today announced that Chief Executive Officer Leighton Carroll, will present live at the Small Cap Growth Virtual Investor Conference hosted by VirtualInvestorConferences.com, on June 26th, 2025.

    DATE: June 26th
    TIME: 10:30am EDT
    LINK: REGISTER HERE

    Available for 1×1 meetings: June 26/27

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

    Learn more about the event at www.virtualinvestorconferences.com.

    About Baylin

    Baylin is a leading diversified global wireless technology company. Baylin focuses on research, design, development, manufacturing and sales of passive and active radio frequency and satellite communications products, and the provision of supporting services. Baylin aspires to exceed its customers’ needs and anticipate the direction of the market. For further information, please visit www.baylintech.com.

    About Virtual Investor Conferences®

    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:

    Baylin Technologies Inc
    Name: Kelly Myles
    Title: Director Communications and Investor Relations
    Email: Kelly.Myles@baylintech.com

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

  • MIL-OSI: OTC Markets Group Welcomes Torex Gold Resources Inc. to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 23, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Torex Gold Resources Inc. (TSX: TXG; OTCQX: TORXF), an intermediate gold producer based in Canada, has qualified to trade on the OTCQX® Best Market. Torex Gold Resources Inc. upgraded to OTCQX from the Pink® market.

    Torex Gold Resources Inc. begins trading today on OTCQX under the symbol “TORXF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

    About Torex Gold Resources Inc.
    Torex Gold Resources Inc. is an intermediate gold producer based in Canada, engaged in the exploration, development, and operation of its 100% owned Morelos Property, an area of 29,000 hectares in the highly prospective Guerrero Gold Belt located 180 kilometres southwest of Mexico City.

    The Company’s principal asset is the Morelos Complex, which includes the producing Media Luna Underground, ELG Underground, and ELG Open Pit mines, the development stage EPO Underground Project, a processing plant, and related infrastructure. Commercial production from the Morelos Complex commenced on April 1, 2016 and an updated Technical Report for the Morelos Complex was released in March 2022.

    Torex’s key strategic objectives are: deliver Media Luna to full production and build EPO; optimize Morelos production and costs; grow reserves and resources; disciplined growth and capital allocation; retain and attract best industry talent; and industry leader in responsible mining. In addition to realizing the full potential of the Morelos Property, the Company is seeking opportunities to acquire assets that enable diversification and deliver value to shareholders.

    About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.

    Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

    To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

    Media Contact:
    OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

    The MIL Network –