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Category: Business

  • MIL-OSI USA: Office of the Governor – News Release – Gov. Green Signed 313 Bills Into Law

    Source: US State of Hawaii

    Governor Josh Green, M.D., took action on 313 of the 321 bills enrolled during the 2025 regular session of the Hawai‘i State Legislature. Of those, Governor Green conducted 13 bill signing ceremonies to bring together community leaders and stakeholders to discuss and highlight impactful legislation. Lieutenant Governor Sylvia Luke led efforts for broadband access and expanded Preschool Open Doors through two bill signing ceremonies as acting governor.

    Significant milestones during this legislative bill signing session include the enactment of the state budget:

    On June 30, Governor Green signed House Bill 300 (Act 250, SLH 2025), the executive biennium budget, which appropriates $19.8 billion across all means of financing in fiscal year 2026 and $19.7 billion in fiscal year 2027. It includes $10.53 billion in general funds in fiscal 2026 and $10.58 billion in fiscal 2027.

    CIP funding within the budget comprises $3.3 billion across all means of financing in fiscal 2026 and $2.3 billion in fiscal year 2027. General obligation bonds to support statewide construction projects allocates $1.4 billion for fiscal 2026 and $432 million for fiscal 2027.

    Governor Green line-item vetoed $110 million across the fiscal biennium, representing less than half a percent of the roughly $40 billion state budget. These reductions demonstrate fiscal prudence in maintaining a stabilized state budget amid emerging federal funding uncertainty.

    Additional key legislation enacted includes:

    On May 27, Governor Green signed Senate Bill 1396 (Act 96, SLH 2025) into law, establishing the nation’s first Green Fee to combat the ever-evolving climate crisis that threatens the state. Guided by recommendations from the Climate Advisory Team (CAT), established by Governor Green, comprehensive climate and community-based policies identified the need for a sustainable funding source to support climate resiliency. Dialogue between key stakeholders and the tourism industry contributed to a collaborative effort to find solutions to safeguard the environment.

    The signing of this bill strengthens infrastructure and funds initiatives through the revenue generated by a 0.75% increase to the transient accommodation tax. Revenues will fund environmental stewardship, climate and hazard mitigation and sustainable tourism.

    On May 30, Governor Green signed Senate Bill 1300 (Act 139, SLH 2025), expanding access to free school meals for Hawai‘i public school students. The legislation aims to eliminate barriers for students experiencing food insecurity, allowing keiki to focus on learning and extracurricular activities. Beginning in the 2025-26 school year, free school meals will be available to all qualifying students under the National School Lunch Program. The following school year, eligibility will expand to include ‘ohana with income below 300% of the federal poverty level. The act appropriates $3.3 million to the Department of Education over the two school years to subsidise free school meals.

    On June 30, Governor Green signed House Bill 1483 (Act 243, SLH 2025), strengthening legislation relating to fireworks crimes and increasing the criminal penalties for violators. These newly enacted provisions aim to safeguard Hawai‘i residents and communities by setting stronger deterrences and implementing additional regulatory measures to support the prosecution of fireworks-related crimes.

    To further enhance enforcement, the legislation works to streamline the judicial process by amending the traffic and emergency period infractions adjudication system to include fireworks infractions. The addition shall expedite the handling of the high-volume fireworks violation and reduce the burden on the courts.

    On July 7, Governor Green signed Senate Bill 1044 (Act 296, SLH 2025), reactivating the Hawaiʻi Hurricane Relief Fund (HHRF) to provide insurance coverage in scenarios where the private market fails to do so. To provide additional insurance coverage options, the bill enhances the powers of the Hawaiʻi Property Insurance Association (HPIA) and establishes the Condominium Loan Program to help buildings remain insurable, and mandates the Insurance Commissioner to conduct a comprehensive study aimed at developing sustainable strategies for market stabilization.

    On July 8, Governor Green signed House Bill 1001 (Act 301, SLH 2025), establishing the Maui Wildfires Settlement Trust Fund to support the funding for the claims of settlement arising from the 2023 Maui wildfires. The bill appropriates $807.5 million to support the state’s portion of the total $4.037 billion settlement agreement. This funding provides timely compensation for survivors as an alternative to lengthy litigation.

    To prioritize victims and their families, provisions in Act 301 specify that property and casualty insurance companies can only recover payments made to a policyholder through a statutory lien.

    Additionally, Governor Green signed House Bill 1064 (Act 302, SLH 2025), effectuating the Phase Three report provided by the Fire Safety Research Institute, to improve the state’s fire preparedness and response following the 2023 Maui wildfires. The recommendations provided intent to set improvements to the Office of the State Fire Marshal.

    Under Act 302, the Office of the State Fire Marshal is transferred to the Department of Law Enforcement and is to be led by the State Fire Marshal, the first in the state in nearly 46 years. The measure establishes roles, duties and discretionary authority for both the Office and the State Fire Marshal. To further integrate this role into the state, organizational structure amendments clarify responsibility and reporting requirements for the State Fire Marshal and the State Fire Council.

    Part of the State Fire Marshal’s responsibility is to provide centralized analysis of fire occurrences from across the state using the annual records submitted by each county’s fire chief. The legislation establishes the biennial statistical report requirement to keep the public informed and to provide the legislature with reports regarding the office’s operations.

    Governor Green signed more than 300 additional bills, separate from the public bill signing ceremonies.

    “This legislative session delivered many important wins, and I’m deeply grateful to the Hawai‘i State Legislature for championing measures that serve our people and protect our ‘āina,” said Governor Green. “At the same time, we faced real challenges, especially the uncertainty of federal funding, which put critical lifelines for our communities at risk.”

    It was the foresight and resilience of our communities — and our willingness to listen — that helped move many of these bills across the finish line. I remain committed to advocating for key administrative priorities, including housing, homelessness, healthcare, wellness and resilience, and climate action. Together, we will continue to build a stronger, healthier and more sustainable future for all of Hawai‘i.”

    MIL OSI USA News –

    July 11, 2025
  • MIL-OSI Europe: Italy: EIB, SACE and Intesa Sanpaolo provide €1.5 billion for Terna’s Adriatic Link

    Source: European Investment Bank

    EIB

    • The Adriatic Link, a strategic project for Italy’s energy system included in the National Integrated Plan for Energy and Climate, is Terna’s submarine power line that will connect the Marche and Abruzzo regions.
    • The financing for Terna is structured as follows: a €750 million loan from the EIB, a €500 million loan from Intesa Sanpaolo, and an additional €250 million credit line from Intesa Sanpaolo with indirect EIB funding. All transactions are backed by SACE’s Archimede Guarantee for an amount exceeding 1 billion.

    The European Investment Bank (EIB), Terna, Intesa Sanpaolo (IMI Corporate and Investment Banking Division) and SACE have signed agreements totalling €1.5 billion to back the development and construction of the Adriatic Link, the submarine power cable linking the Italian regions of Marche and Abruzzo. The main objectives of the project are to strengthen energy exchange in central Italy and promote the integration of renewable energy sources.

    The signature ceremony took place in Rome today with the participation of EIB Group President Nadia Calviño, EIB Vice-President Gelsomina Vigliotti, Terna CEO and General Manager Giuseppina Di Foggia, SACE CEO and General Manager Alessandra Ricci, and Head of Industry Infrastructure in Intesa Sanpaolo’s IMI Corporate and Investment Banking Division Riccardo Dutto.

    The operation is financially structured into three tranches, all of which are covered by SACE’s Archimede guarantee for an amount exceeding 1 billion euros:

    • A €750 million loan granted by the EIB to Terna, with a duration of 22 years;
    • A €500 million credit line provided by Intesa Sanpaolo to Terna, with a duration of 7 years;
    • An additional €250 million loan from Intesa Sanpaolo, with funding made available by the EIB and a duration of 7 years, in support of the project.

    The Adriatic Link is strategically important for Italy’s power grid and is part of the country’s national energy and climate plan. It will strengthen energy exchange in central Italy, meeting the security and flexibility needs of the national power grid and development and renewable energy integration targets

    The high-voltage direct current (HVDC) line will be 251 km long, 210 km of which will be submarine cable at a maximum depth of around 100 metres. It will have a nominal active transmission capacity of 1 000 MW and will link the Fano (Province of Pesaro and Urbino) and Cepagatti (Province of Pescara) electrical substations. The cable will be underground or under the seabed for the entire route, minimising the impact on the region. Work (authorised by the Ministry of the Environment and Energy Security in January 2024) on land began late last year.

    The project will also have a positive economic impact in cohesion regions, contributing to local development.

    EIB Group President Nadia Calviño said: “This investment will be key to boost a more stable and safer energy market in the country, improving the national power grid and speeding up the integration of renewable energy sources.” EIB Vice-President Gelsomina Vigliotti added: “This agreement confirms the EIB’s central role in mobilising public and private sector resources to promote strategic autonomy and the energy transition in Europe.”

    “The energy transition has given new impetus to investment to modernise and strengthen power grids across Europe, as shown in Terna’s updated business plan for 2024-2028 presented at the beginning of this year,” said Terna CEO and General Manager Giuseppina Di Foggia. “The financing signed today with the EIB (with which Terna has a strong, longstanding relationship) and Intesa Sanpaolo (which has a key role in backing the group’s financial strategy) recognises the strategic value of our network infrastructure, which is vital to promoting the integration of renewable energy sources and increasing Italy’s energy autonomy and security. At the same time, SACE’s role in the agreement shows Terna’s work creates economic and social value for the country.”

    “In the IMI Corporate and Investment Banking division, we have always believed in the value of public-private cooperation, a key element in accelerating the construction of sustainable infrastructure and helping to modernise the country,” added Chief of Intesa Sanpaolo’s IMI Corporate and Investment Banking Division Mauro Micillo. “A concrete example of this is our participation in the Adriatic Link project, which is of strategic importance for energy security. This operation confirms Intesa Sanpaolo’s role in backing the energy transition and supporting public institutions and businesses with high-impact investments for the future of local communities and the national economy.”

    “The signature of this agreement is a very important moment for the Italian energy system, showing SACE’s crucial role in supporting innovation and the transition to a more sustainable future. A key pilar of this operation, the Archimede guarantee embodies our commitment to creating value for communities and the whole country,” said SACE CEO and General Manager Alessandra Ricci. “We are moving towards more resilient and integrated energy infrastructure capable of responding to global challenges. SACE will continue to be a strategic partner for projects shaping the future of Italy.”

    Background information

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight key priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world.  The EIB Group, which also includes the European Investment Fund (EIF), signed over 900 projects worth nearly €89 billion in 2024, boosting Europe’s competitiveness and security. The EIB Group signed 99 operations totalling €10.98 billion in Italy in 2024, helping to unlock almost €37 billion of investment in the real economy. All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment. Fostering market integration and mobilising investment, the funds made available by the Group unlocked over €100 billion in new investment for Europe’s energy security in 2024 and mobilised a further €110 billion for startups and scale-ups. Around half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

    The Terna Group is a leading electricity transmission operator in Europe and around the world. It manages Italy’s national high-voltage transmission grid, with around 75 000 km of power lines over 900 electrical substations across the country. Its mission is to guarantee the secure operation, quality and efficiency of the Italian electricity system 24 hours a day, 365 days a year, and to ensure equal access conditions for all market operators. A centre of excellence comprising over 6 100 professionals, Terna plays a guiding role in the energy transition process towards complete decarbonisation and the full integration of energy from renewable sources into the grid. For more information, visit www.terna.it.

    SACE is an insurance and finance company owned by the Italian Ministry for the Economy and Finance. It specialises in helping Italian companies to grow through a wide range of tools and solutions backing exports and innovation, including financial guarantees, factoring, risk management and protection, advisory services and business matching. With a network of 11 offices in Italy and 13 more in Made in Italy target countries around the world, SACE currently supports 60 000 companies, enabling them to reach their national and international potential with a portfolio of insurance operations and guaranteed investments worth approximately €270 billion in 200 global markets.

    Intesa Sanpaolo, with €417 billion in loans and €1.4 trillion in customer financial assets at the end of March 2025, is the largest banking group in Italy, with a significant international presence. It is a European leader in wealth management, with a strong focus on digital and fintech. The Group will provide €115 billion of Impact lending by 2025 to support communities and the green transition, together with a €1.5 billion program (2023-2027) to help people in need. The Bank’s network of museums, the Gallerie d’Italia, hosts its owned artistic heritage and cultural projects of recognized value.  

    News: group.intesasanpaolo.com/en/newsroom

    X: @intesasanpaolo

    LinkedIn: linkedin.com/company/intesa-sanpaolo

    TERNA ADRIATIC LINK

    ©EIB
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    TERNA ADRIATIC LINK

    ©EIB
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    MIL OSI Europe News –

    July 11, 2025
  • MIL-OSI Asia-Pac: Dutch and European business leaders share insights on “Financial Services and FinTech, Business and Professional Services” at annual NHKBA summer event (with photos)

    Source: Hong Kong Government special administrative region – 4

    The Netherlands Hong Kong Business Association (NHKBA), with the support from the Hong Kong Economic and Trade Office in Brussels, organised the annual summer event under the theme “Financial Services and FinTech, Business and Professional Services” on July 7 (Amsterdam time) in Amsterdam, the Netherlands. The event gathered around 100 representatives from Dutch and European business leaders, and Hong Kong representatives to exchange insights on key sectors under the theme. 
     
    Speaking at the event, the Special Representative for Hong Kong Economic and Trade Affairs to the European Union, Ms Shirley Yung, highlighted the resilience of Hong Kong’s economy amid global challenges. She emphasised, “Under the ‘one country, two systems’ principle, Hong Kong has maintained a solid institutional foundation of the rule of law, independent judiciary, robust regulatory regime, a low and simple tax system, and free flow of people, goods, capital and information, and has remained a trusted gateway to Asia and a market for global capital.”

    Ms Yung cited Hong Kong’s rankings in a number of recent surveys as one of the world’s top three international financial centres, among the top three in global competitiveness, the freest economy in the world, and home to five universities ranked in the world’s top 100.

    She further underlined that financial services remain a pillar of Hong Kong’s economy. She remarked, “Our deep capital markets, efficient banking system, and strong legal and regulatory infrastructure provide an ecosystem in which businesses from around the world can thrive. We are also embracing the future through fintech innovation.” 

    Ms Yung also updated the audience on Hong Kong’s latest efforts to refine financial regulation to balance innovation with investor protection, including the recent completion of legislation on stablecoins. She also discussed Hong Kong’s leading role in green and sustainable bond issuance in Asia.

    The NHKBA annual summer event concluded with networking sessions and engaging discussions on how Dutch and European enterprises can benefit from Hong Kong’s role as a “super connector” between Europe, Asia, and China. The evening culminated in a dinner reception, at which the Secretary for Justice, Mr Paul Lam, SC, spoke on Hong Kong’s distinctive advantages of enjoying strong support from the motherland while being closely connected to the world under the “one country, two systems” principle.

            

    MIL OSI Asia Pacific News –

    July 11, 2025
  • MIL-OSI Europe: EU Member States join programme supporting EU exports to Ukraine

    Source: European Investment Bank

    ©Oleksandra Shliakhetska/ EIB

    Ten EU Member States – Denmark, Finland, France, Germany, Italy, Latvia, Romania, Slovakia, Slovenia and Spain – have joined InvestEU’s Ukraine Export Credit Pilot, a guarantee facility backed by the European Investment Fund (EIF), part of the European Investment Bank Group. Three more countries are expected to join the programme soon. 

    Under the programme, national export credit agencies in each country each country will receive an EIF-backed guarantee for national exporters of goods and services to Ukraine. They are also eligible for support from InvestEU Advisory services.

    The guarantees help reduce financial risks and keep exports flowing – from machinery and building materials to critical technologies – while also supporting Ukraine’s deeper integration into the EU single market and its longer-term path toward EU membership.

    MIL OSI Europe News –

    July 11, 2025
  • MIL-OSI Europe: Highlights – Presentation of the Danish presidency priorities – Committee on Transport and Tourism

    Source: European Parliament

    Danish Council Presidency © European Union (2025)

    On 16 July 2025 the TRAN Committee will welcome the Danish Presidency: Mr Thomas Danielsen, Minister of Transport and Mr Morten Bødskov, Minister of Business, Industry and Financial Services. The ministers will present to the Members the priorities of the Danish Presidency in the field of transport and tourism.

    The Danish Presidency aims to strengthen and future-proof Europe’s transport sector, with particular focus on boosting competitiveness, cutting administrative burdens, and driving the green transition.
    The presentation of debate will take place on Wednesday afternoon 16 July 2025 in room ANTALL 4Q2 from where it will be webstreamed..

    MIL OSI Europe News –

    July 11, 2025
  • MIL-OSI Africa: Insurance Biz Africa launches pan-African Insurance Webinar Master Series

    Source: APO – Report:

    Digital news publisher, Insurance Biz Africa, is proud to announce the launch of a series of pan-African webinar sessions whose objectives are to take an unprecedented deep dive into the forces reshaping the insurance industry across Africa and the world.

    The 8-part series, themed: “Innovate. Adapt. Insure the Future“, hosted by Insurance Biz Africa, will feature two-hour webinars designed to unpack the most pressing risks, opportunities, and regulatory changes facing insurers across Africa and beyond.

    “This is a pivotal moment for the insurance industry. The annual webinar series will provide crucial insights into topics from AI and climate risk to ESG, equipping professionals and regulators to navigate volatility with confidence. The series is designed to ignite long-lasting conversations around pertinent areas of insurance and reinsurance upon which the industry can build solutions,” says Insurance Biz Africa Founding Editor and Managing Director of New Africa Business News Services (NABNS), Kwanele Sibanda.

    “At NABNS, we believe the time is ripe for bold conversations and collaborative thinking. Our series will not only educate but spark innovation, ensuring insurance and reinsurance remain pillars of economic resilience,” adds Kwanele.

    “Kicking off with Insuring Against Civil Unrests on the 23rd of July, the timing couldn’t have been more perfect, especially seeing what is currently happening across Africa in countries like Kenya, the Democratic Republic of Congo, Togo, Mali and Lybia because of political tensions. This 2-hour session will see Sasria, the only riots and civil unrests insurer in South Africa present a case study in reflection of South Africa’s July 2021 civil unrests. Sasria will also participate in the panel of experts,” concludes Kwanele.

    Insurance Webinar Master Series 2025 Themes & Dates:

    22 July 2025 – Insuring Against Unrest: Lessons from SA’s July 2021 Riots and the Evolving Role of Insurers and Reinsurers

    05 August 2025 – Cybersecurity and Systemic Risk: Building Insurance Resilience in the Digital Era

    Discuss insurance solutions for large-scale cyber events affecting entire economies.

    14 August 2025 – The Future of Underwriting: Leveraging AI, Data, and Automation Across the Insurance Value Chain

    Explore how AI and advanced analytics can revolutionize underwriting precision and speed.

    • Webinar 4:

    26 August 2025 – Bridging the Protection Gap: Innovations in Inclusive Insurance and Risk Transfer
    Innovative products, partnerships, and risk mechanisms that extend protection to underserved markets.

    04 September 2025 – ESG and Sustainable Insurance: From Compliance to Competitive Advantage
    Move beyond ESG box-ticking towards long-term, sustainable profitability.

    18 September 2025 – Index Insurance and Alternative Risk Transfer: Unlocking Scalable, Transparent Risk Solutions

    Examine new models to insure communities and sectors exposed to systemic risks.

    • Webinar 7:

    30 September 2025 – Navigating AI and Digital Disruption in Life Insurance: Risks, Rewards & Regulation

    Balance the transformative potential of AI with evolving consumer protection frameworks.

    • Webinar 8:

    09 October 2025 – Climate Change and Capital Strain: Managing Volatility in a New Risk Era

    Understand how insurers can adapt capital models amid climate-driven losses.

    Bonus Session:

    October 2025 – Insurtech and Distribution: Reimagining Customer Engagement in Insurance

    Explore new technologies reshaping sales, service, and product design.

    Each session will bring together industry leaders presenting case studies and learnings, global experts, and policymakers engaging in robust discussions, live Q&As, and actionable insights.

    Registration & Sponsorship Opportunities:

    Insurance companies, brokers, reinsurers, regulators, and service providers are encouraged to register early or partner as sponsors to showcase leadership in this high-impact series.

    For more details, registration, or sponsorship opportunities, visit: https://apo-opa.co/44yEOZH or contact info@insurancebiz.co.za

    – on behalf of New Africa Business News Services.

    Additional Information:
    To Register: https://apo-opa.co/4nIgBrg
    Insurance Biz Africa: https://apo-opa.co/4kzR4hb

    Contact:
    Issued By: New Africa Business News Services (NABNS)
    Contact: Kwanele Sibanda
    Email: Kwanele@nabns.com
    Tel: +27 27 71 316 8517

    About Insurance Biz Africa:
    Insurance Biz Africa is South Africa’s premier digital news platform dedicated to the insurance, reinsurance, and wealth management sectors. Launched in 2013, the publication offers in-depth industry coverage, expert insights, executive interviews, and regulatory updates to a targeted audience of professionals, decision-makers, and thought leaders. It is owned and published by New Africa Business News Services (NABNS), a division of SAEN Media (Pty) Ltd. The publication adheres to the Press Council of South Africa’s Code of Ethics and remains committed to journalistic integrity and excellence in financial reporting.

    Media files

    .

    MIL OSI Africa –

    July 11, 2025
  • MIL-OSI USA: Congressman Maxwell Frost and Senator Jeff Merkley Introduce Bicameral Pro Renters Bill, the End Junk Fees for Renters Act

    Source: United States House of Representatives – Representative Maxwell Frost Florida (10th District)

    July 10, 2025

    Frost and Gomez First Introduced the Bill to Increase Affordability and Transparency for Renters in 2023

    WASHINGTON, D.C. — Today, Congressman Maxwell Alejandro Frost (D-FL) and Senator Jeff Merkley (D-OR) announced the introduction of bicameral legislation aimed at addressing the housing crisis and standing firmly with working-class renters – the End Junk Fees for Renters Act.

    Frost’s bill, which is being co-led by Congressman Jimmy Gomez (CA-34) in the House, chair of the Congressional Renters Caucus, comes as Florida and the U.S. face a housing affordability crisis that continues to squeeze working people and renters, too often forcing people to slip into homelessness at a time when cities are criminalizing folks who cannot afford to keep a roof over their heads.

    Congressmen Frost and Gomez first introduced the bill in July of 2023 to put an end to the growing number of excessive and dishonest junk fees renters face when looking for and securing housing.

    The End Junk Fees for Renters Act cracks down on junk fee profiteering by landlords and empowers tenants. Specifically, the legislation:

    • Cracks down on junk fees by banning application and screening fees;

    • Puts an end to late fee profiteering by capping late fees at 3% of monthly rent and requiring a 15-day grace period; 

    • Requires that landlords disclose in the rental contract:

      • Past and present litigation with tenants;

      • Ongoing pest and maintenance issues;

      • Rent increase percentages year after year over the last ten years and;

      • The total amount due each month to effectively eliminate surprise fees.

    • Would help consumers comparison shop and make more informed choices when it comes to renting, inevitably driving down overall costs in the rental market and improving living conditions.

    “Donald Trump ran for office under the promise of making American’s lives more affordable – that was a flat-out lie. Six months in, and Trump and Congressional Republicans have proven they only care about the ultra-wealthy, the 1%. Because if they cared about working people, bills like the End Junk Fees for Renters Act would be voted on today to offer immediate and straightforward financial relief to renters,” said Congressman Maxwell Frost. “This is about standing firmly on the side of renters and working people while holding greedy landlords and leasing companies accountable for nickel and diming people every chance they get. It’s time to end the ridiculous fees and fight for housing justice and transparency.” 

    “Billionaire corporations and huge rental companies are hiding fees and added costs to drive up rents and line their own pockets,” said Senator Merkley. “The End Junk Fees for Renters Act fights back against corporate landlords trying to squeeze every dime out of renters that they possibly can. Let’s crack down on these junk fees to ensure all Americans have a fair shot at a safe, affordable roof overhead and the power to fight back against absurd costs.”

    “At a time when Donald Trump and Republicans are stripping away benefits from millions of Americans, households that rent have enough to worry about without being weighed down by hidden application costs and junk late fees. This bill will restore faith and transparency to the renting process by putting an end to the profiteering of predatory landlords and property managers,” said Congressman Jimmy Gomez. “In my district, where up to 80% of households rent, this bill will lift an unnecessary financial burden and help working families build real stability.”

    ###

    MIL OSI USA News –

    July 11, 2025
  • MIL-OSI USA: Attorney General Bonta Secures $720 Million in Nationwide Settlements from Eight Opioid Drug Makers

    Source: US State of California

    Thursday, July 10, 2025

    Contact: (916) 210-6000, agpressoffice@doj.ca.gov

    OAKLAND – California Attorney General Rob Bonta today announced securing approximately $720 million nationwide in settlements with eight drug makers that manufactured opioid pills and worsened the nationwide opioid crisis. Based on the overwhelming participation by attorneys general across the country, all eight defendants have agreed to proceed with a sign-on period for local governments. California could receive more than $70 million in total. 

    “So long as the opioid epidemic continues to ravage communities in California and across the country, we will continue to hold accountable those who played a role in fueling it,” said Attorney General Bonta. “Today’s announcement holds accountable eight drug makers for their role in worsening the opioid crisis and brings much-needed funds for addiction treatment, prevention, and recovery to those impacted by this crisis. The California Department of Justice is committed to keeping our communities safe from the threat posed by the opioid crisis.”

    As part of the settlements, the eight defendants will pay funds to states to address the opioid crisis as outlined below:  

    • Mylan (now part of Viatris): $284,447,916 paid over nine years 
    • Hikma: $95,818,293 paid over one to four years 
    • Amneal: $71,751,010 paid over 10 years 
    • Apotex: $63,682,369 paid in a single year 
    • Indivior: $38,022,450 paid over four years 
    • Sun: $30,992,087 paid over one to four years 
    • Alvogen: $18,680,162 paid in a single year 
    • Zydus: $14,859,220 paid in a single year 

    In addition to these abatement payments, several of the settlements allow states to receive free pharmaceutical products or cash in lieu of this product. Additionally, seven of the companies (not including Indivior) are prohibited from promoting or marketing opioids and opioid products, making or selling any product that contains more than 40 mg of oxycodone per pill, and are required to in place a monitoring and reporting system for suspicious orders. Indivior has agreed to not manufacture or sell opioid products for the next 10 years, but it will be able to continue marketing and selling medications to treat opioid use disorder.  

    The settlements were negotiated by California, North Carolina, Colorado, Illinois, New York, Oregon, Tennessee, Utah, and Virginia.  

    # # #

    MIL OSI USA News –

    July 11, 2025
  • MIL-OSI United Kingdom: UK and France agree major deal to crack down on illegal Channel crossings

    Source: United Kingdom – Executive Government & Departments 3

    News story

    UK and France agree major deal to crack down on illegal Channel crossings

    The Prime Minister and French President Macron agree to return illegal migrants to France.

    The Prime Minister and French President Emmanuel Macron have agreed to take forward a groundbreaking partnership to address illegal Channel crossings and dismantle the people smuggling networks.

    A new pilot scheme will see small boat arrivals being returned to France then an equal number of migrants will be able to come to the UK from France through a new legal route – fully documented and subject to strict security checks.

    The pilot agreement is intended to prevent illegal migrant journeys across Europe to the UK and prevent dangerous small boat crossings, helping to undermine the business model of organised gangs profiting from people’s misery by showing others these journeys could result in them being returned back to France – ultimately saving lives.

    Both countries are working to implement the pilot in the coming weeks, and, once in force, migrants who cross the Channel by small boat can be detained and removed.

    The Prime Minister has made it a priority to reset relationships across Europe and the government is now unlocking, for the first time, the levels of co-operation needed to deliver new and bold approaches to tackle organised immigration crime.

    The French government are working to implement new ways of cracking down on small boats, including a review of their maritime tactics so their operational teams can intervene on the water, ensuring taxi boats that pickup migrants waiting in the water can be stopped.

    Prime Minister Keir Starmer said:

    This ground-breaking deal is a crucial further step in turning the tide on illegal small boat crossings and restoring order to our immigration system.

    For the first time illegal migrants will be sent back to France – targeting the heart of these gangs’ business model and sending a clear message that these life-threatening journeys are pointless.

    By resetting our relationships across Europe we’ve made levels of co-operation possible never seen before. This is about grip not gimmicks, and what serious government looks like – taking down these criminal enterprises piece by piece as we secure our borders through my Plan for Change.

    The Home Secretary hosted her French counterpart, Interior Minister Bruno Retailleau, in Downing Street this morning. The ministers discussed the work being done both internationally and domestically to prevent illegal migration, including issues like clamping down on illegal working and increasing removals of those with no right to be here.

    Since the government came into power, Immigration Enforcement have increased illegal working activity by 51%, with 10,031 visits leading to 7,130 arrests, and will soon undertake a major nationwide blitz targeting illegal working hotspots, focusing on the gig economy and migrants working as delivery riders.

    The UK will go further by changing the law to support a clampdown on illegal working in the gig economy. New biometric kits will be rolled out for Immigration Enforcement teams so they can do on-the-spot checks.

    Home Secretary Yvette Cooper said: 

    Dangerous small boats in our Channel undermine our border security and put lives at risk. That is why we are so determined to work with France to go after the criminal smuggler gangs, to undermine their business model, to begin returns and to prevent boat crossings.

    This new pilot agreement with France is extremely important and allows us for the first time to return people who have paid to travel here illegally, and will sit alongside our wider joint enforcement action, including disrupting supply chains to seize boats and engines, shutting down social media accounts, and targeting finances.

    Since last summer, we have returned over 30,000 people with no right to be in the UK and a major surge in immigration enforcement activity, with a 51% increase in the number of illegal working arrests.

    We are building the foundations of a new and stronger approach to protecting our border security.

    Under the new UK-France pilot, any asylum claim submitted by a migrant who has crossed the Channel will be considered for inadmissibility and, if declared inadmissible, the Home Office will organise readmission of the individual to France.

    For those coming to the UK legally, an individual in France will submit an Expression of Interest application to the new route and the Home Office will make a decision once they have undergone biometric checks. Anyone who had arrived by small boat and returned to France will not be eligible for the legal route to the UK.

    The innovative approach will be tested first before being gradually ramped up.

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    Published 10 July 2025

    MIL OSI United Kingdom –

    July 11, 2025
  • MIL-OSI USA: Kennedy on the One Big Beautiful Bill Act: “Everybody who voted against our bill voted to raise taxes on the American people”

    US Senate News:

    Source: United States Senator John Kennedy (Louisiana)

    Watch Kennedy’s comments here.

    WASHINGTON – Sen. John Kennedy (R-La.) delivered the following remarks on the U.S. Senate floor:

    “I’ve already heard, a lot, that the reconciliation bill that Congress passed is going to kill people. ‘People are going to die. It’s only going to help rich people.’ None of that’s true.

    “The bill that we just passed is primarily a tax cut, and taxes are not terribly complicated. When you tax something, you get less of it, right? You want to stop people wearing wristwatches—I love wristwatches, I’ve had this one for like 30 years—but if you want to stop people from wearing wrist watches, just pass a bill where every time you buy a wristwatch, you have to pay a $200 tax. Boy, that’s going to be the end of wristwatches.

    “Business is the same way. If you want businesses not to expand, tax the hell out of them so they don’t have any money to reinvest in their businesses. If you want people to work less, tax them. Take all their money. People are rational. They’ll go, ‘Why would I want to work an extra 10 hours this week? They’re taxing me. They’re going to take all my money.’

    “So, our bill is a tax cut bill. That’s all it was.

    “We passed the tax cut back in 2017, as you know, Mr. President. Those tax cuts would have expired at the end of this year. If we hadn’t passed this bill, taxes on the American people would have gone up $4.3 trillion. Not billion. $4.3 trillion. It would have tanked our economy. Our economy would have gone down like a fat guy on a seesaw.

    “And some of my friends say, ‘You only cut taxes on the rich.’ That’s not true. That’s just a lie. I mean, well over half of the tax cuts that we extended go to ordinary Americans, working people, working moms, working dads. So, the first thing we did was extend the tax cuts. We avoided $4.3 trillion worth of taxes. And, frankly, everybody who voted against our bill voted to raise taxes on the American people in the amount of $4.3 trillion. That’s just a fact.

    “Our bill did some other things, though. We added some new tax cuts. We cut taxes on tips. Now, not everybody who works for tips is going to get a tax cut, but most people are. We cut taxes on overtime. Most ordinary Americans work overtime. We cut the taxes on overtime. We cut taxes on Social Security income. We cut taxes on some car loans. We extended the child tax credit—$2,200 for every child. That’s important for most Americans. We increased the standard deduction.

    “We strengthened Medicaid. One of the things—it’s really a lie, but I’ll call it rhetoric—going around is: ‘Well, they destroyed Medicaid.’ 

    “Medicaid’s going to grow under our bill. It’s just not going to grow as fast as it was. But 10 years from now, we’ll be spending a minimum a 20% more on Medicaid—not less, more. You know the biggest change we made to Medicaid: work requirements.

    “Now, the American people are the most compassionate people in the world. If you’re hungry, we’ll feed you. If you’re homeless, we’ll house you. If you’re too poor to be sick, we’ll pay for your doctor. We’re a generous people.

    “But those who can work should work. And we’ve got some people on Medicaid who are perfectly healthy. They’re not disabled. They don’t have young kids at home. I’m not talking about a mom with a sick child in her arms. They don’t have minor children at home. They just don’t want to work. They want to get Medicaid, but they don’t want to work.

    “Those who can work should work, and all our bill does is say, ‘Look, you can still keep your Medicaid, but if you can work—not if you’re disabled, not if you’re elderly, not if you’re in a nursing home—but if you’re a healthy adult at home playing video games, you’ve got to go look for a job. And you’ve got to work at least 20 hours a week—not 40 hours a week—20 hours a week. What’s unreasonable about that?

    “The other change made to Medicaid was that some people—not most people, but some people—when they sign up for Medicaid, they lie. They say, ‘I’m only making $25,000 a year.’ In fact, they might be making $75,000 or $100,000 a year. I’m not exaggerating. I’ve seen that happen.

    “What we’ve told the states is, ‘Twice a year for our folks on Medicaid, you have to check their eligibility. Make sure they’re not making more than they’re supposed to because Medicaid is not for everybody.’

    “What’s wrong with that? What’s wrong with saying to people, ‘You’re not entitled to Medicaid if you’re not eligible?’ What’s unreasonable about that? We’re not killing people. We’re trying to save Medicaid so that we can afford it for people who really need it. 

    “The other two things this bill did . . . it provided more money for border enforcement. Now, I know there are many people in America and many people in the Senate who believe in open borders. I respect that. They may not say it, but they do. They just think the border ought to be wide open, and they think that if you believe in secure borders, you’re a racist. I don’t agree with them, but this is America. They’re entitled to their opinion.

    “Most Americans don’t think that. Most Americans want the border to be secure. They want to know who is coming in and out of their country, and this bill is going to provide the money to do that.

    “The other part of our bill as you know, Mr. President, provides much needed money for our military because we live in a dangerous world, and I wish we didn’t, but we do. And weakness invites the wolves.” 

    Watch Kennedy’s speech here.  

    MIL OSI USA News –

    July 11, 2025
  • MIL-OSI Canada: Investor Alert: Bitget and Captex Are Not Registered

    Source: Government of Canada regional news

    Released on July 10, 2025

    The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) warns investors of the online entities Bitget also known as Canada Bitget Limited, and CapTex.

    “The FCAA urges Saskatchewan residents to always check an entity’s registration status at aretheyregistered.ca before making an investment,” FCAA Securities Division Executive Director Dean Murrison said. “Registration status indicates if a business is legitimate. Only dealing with registered entities is an easy way to protect yourself and keep your investments safe.”

    Bitget claims to operate a cryptocurrency exchange platform and offers Saskatchewan residents trading opportunities in cryptocurrencies via margin trading and futures contracts. CapTex claims to offer Saskatchewan residents trading opportunities, including stocks, cryptocurrencies, indices, commodities, forex and precious metals.

    This alert applies to the online entities using the websites “bitget com” and “cap-tex io” (these URLs have been manually altered so as not to be interactive).

    Bitget and CapTex are not registered with the FCAA to trade or sell securities or derivatives in Saskatchewan. The FCAA cautions investors and consumers not to send money to companies that are not registered in Saskatchewan, as they may not be legitimate businesses. 

    If you have invested with Bitget, CapTex or anyone claiming to be acting on their behalf, contact the FCAA’s Securities Division at 306-787-5936.

    In Saskatchewan, individuals or companies need to be registered with the FCAA to trade or sell securities or derivatives. The registration provisions of The Securities Act, 1988, and accompanying regulations are intended to ensure that only honest and knowledgeable people are registered to sell securities and derivatives and that their businesses are financially stable.

    Tips to protect yourself:

    • Always verify that the person or company is registered in Saskatchewan to sell or advise about securities or derivatives. To check registration, visit The Canadian Securities Administrators’ National Registration Search at aretheyregistered.ca.
    • Know exactly what you are investing in. Make sure you understand how the investment, product or service works.
    • Get a second opinion and seek professional advice about the investment.
    • Do not allow unknown or unverified individuals to remotely access your computer.

    -30-

    For more information, contact:

    MIL OSI Canada News –

    July 11, 2025
  • MIL-OSI USA: Carbajal, Webster Reintroduce Bipartisan Legislation to Create National Infrastructure Bank

    Source: United States House of Representatives – Representative Salud Carbajal (CA-24)

    U.S. Representatives Salud Carbajal (D-CA-24) and Daniel Webster (R-FL-11), senior leaders of the House Transportation and Infrastructure Committee, reintroduced the bipartisan National Infrastructure Investment Corporation (NIIC) Act, which would authorize the creation of a national infrastructure bank.

    The bank created by the NIIC Act would be authorized to provide loans and loan guarantees to local infrastructure projects, giving local governments another potential funding source in addition to support provided by the Bipartisan Infrastructure Law or other federal and state funding sources.

    “The Bipartisan Infrastructure Law was a landmark step in revitalizing our nation’s crumbling infrastructure, but more investment is needed to help fix our country’s roads and bridges, upgrade our waterways and wastewater systems, expand telecommunications capabilities, and more,” said Rep. Carbajal. “This bipartisan bill will unlock billions of dollars a year in private funding to support our nation’s most pressing infrastructure projects.”

    “American’s agree that our nations’ infrastructure is long overdue for critical repairs and improvements,” said Rep. Webster. “As a member of the House Transportation and Infrastructure Committee, I am committed to working on solutions that improve our nation’s infrastructure. This bipartisan bill would leverage private financing to help local governments and municipalities have access to the capital needed for improving critical infrastructure.”

    The bank’s available funding for supporting local projects would come from municipal, state, and union pension funds loaned to the bank, earning interest on the funds and repaying the principal in time for the workers to utilize their retirement savings.

    Since its passage in 2021, the Bipartisan Infrastructure Law has delivered more than $1 billion in funding to projects up and down the Central Coast of California. 

    As a senior member of the House Transportation and Infrastructure Committee, Carbajal played a key role in crafting and passing the landmark legislation in partnership with the Biden Administration.

    ###

    MIL OSI USA News –

    July 11, 2025
  • MIL-OSI USA: Washington state to receive millions in latest opioid settlement

    Source: Washington State News

    SEATTLE — Washington state could receive more than $16 million as part of $720 million in nationwide settlements announced today with eight drug makers that manufactured opioid pills and worsened the nationwide opioid crisis.

    Based on the overwhelming participation by attorneys general across the country, all eight defendants have agreed to proceed with a sign-on period for local governments. Of the funds coming to Washington state, half will go to state government and the other half will be distributed among local governments for use in fighting opioid abuse. The final amount will be determined by the number of eligible Washington counties and cities that join the settlements as well as other conditions in the settlements.

    The eight defendants and the total amount they will pay in funds to address the opioid crisis as part of the deal are: 

    • Mylan (now part of Viatris): $284,447,916 paid over nine years
    • Hikma: $95,818,293 paid over one to four years
    • Amneal: $71,751,010 paid over 10 years
    • Apotex: $63,682,369 paid in a single year
    • Indivior: $38,022,450 paid over four years
    • Sun: $30,992,087 paid over one to four years
    • Alvogen: $18,680,162 paid in a single year
    • Zydus: $14,859,220 paid in a single year

    In addition to these abatement payments, several of the settlements allow states to receive free pharmaceutical products or cash in lieu of such products.

    Additionally, seven of the companies (not including Indivior) are prohibited from promoting or marketing opioids and opioid products, making or selling any product that contains more than 40 milligrams of oxycodone per pill, and are required to put in place a monitoring and reporting system for suspicious orders. Indivior has agreed to not manufacture or sell opioid products for the next 10 years, but it will be able to continue marketing and selling medications to treat opioid use disorder. 

    Washington state has secured $1.3 billion through opioid settlements since 2022.

    -30-

    Washington’s Attorney General serves the people and the state of Washington. As the state’s largest law firm, the Attorney General’s Office provides legal representation to every state agency, board, and commission in Washington. Additionally, the Office serves the people directly by enforcing consumer protection, civil rights, and environmental protection laws. The Office also prosecutes elder abuse, Medicaid fraud, and handles sexually violent predator cases in 38 of Washington’s 39 counties. Visit www.atg.wa.gov to learn more.

    Media Contact:

    Email: press@atg.wa.gov

    Phone: (360) 753-2727

    General contacts: Click here

    Media Resource Guide & Attorney General’s Office FAQ

    MIL OSI USA News –

    July 11, 2025
  • MIL-OSI: Northfield Capital Completes Acquisition of Additional Interest in Juno Corp. and Issuance of Class B Multiple Voting Shares

    Source: GlobeNewswire (MIL-OSI)

    Not for distribution to U.S. Newswire Services or for release, publication, distribution or dissemination directly or indirectly, in whole or in part, in or into the United States.

    TORONTO, July 10, 2025 (GLOBE NEWSWIRE) — Northfield Capital Corporation (TSX-V: NFD.A) (“Northfield” or the “Company”) is pleased to announce that it has completed its previously announced transaction (the “Juno Share Acquisition”) to acquire an aggregate of 5,123,044 common shares (“Juno Shares”) of Juno Corp. (“Juno”), in accordance with the terms of the share purchase agreements entered into with five shareholders of Juno. In consideration for the Juno Shares acquired, the Company issued to such shareholders an aggregate of 3,725,848 class A restricted voting shares in the capital of the Company (the “Class A Shares”). The Company also announces that it has issued an aggregate of 4,968 Class B multiple voting shares of the Company (the “Class B Shares”) to Mr. Robert Cudney, the President, Chief Executive Officer and a director of the Company, on a non-brokered private placement basis at a price of $6.00 per Class B Share, for aggregate gross proceeds of $29,808‬ (the “Class B Share Issue”).

    For further details of the Juno Share Acquisition and the Class B Share Issue (together, the “Transactions”), please refer to the Company’s news release dated May 27, 2025.

    As a result of the share acquisition announced today, Northfield’s ownership interest in Juno increases from 16.8% to approximately 24%.

    About Juno Corp.

    Juno is a private Ontario-based exploration company and the largest mineral claimholder in the Ring of Fire, controlling over 4,600 km²— representing more than 55% of the district’s mineral claims. Juno’s 2025 exploration campaign is underway, with further drilling and data analytics aimed at expanding known mineralized zones and unlocking new targets. Backed by a strong treasury, experienced leadership, and established relationships with First Nations communities, Juno is uniquely positioned to lead the next generation of mineral exploration in the Ring of Fire.

    Class B Share Issue

    The Class B Share Issue was completed in order for Mr. Cudney to maintain his pro rata voting interest in respect of the Class B Shares following the completion of the Juno Share Acquisition and the Company’s previously completed acquisition of all of the shares of Northfield Aviation Group Inc. (as announced in the Company’s news releases of May 5, 2025 and May 27, 2025). The Class B Shares were issued in accordance with the resolutions of the shareholders of the Company passed at the meeting of shareholders of the Company held in December 1986, which authorized the board of directors of the Company (the “Board”) to issue additional Class B Shares to Mr. Cudney at an issue price equal to the market price of the Class A restricted voting shares of the Company on the day before the Board approves such issuance. The Class B Shares issued to Mr. Cudney are subject to a hold period of four months plus one day from the date of closing of the Class B Share Issue.

    Early Warning Disclosure

    Mr. Cudney, an insider of the Company and an individual with beneficial ownership of, or control or direction over, securities of the Company carrying more than 10% of the voting rights attached to all the outstanding voting securities of the Company, participated in (i) the Juno Share Acquisition as a vendor and sold and transferred to the Company an aggregate of 1,798,044 Juno Shares (in consideration for which, the Company issued to Mr. Cudney an aggregate of 1,307,668 Class A Shares), and (ii) acquired an aggregate of 4,968 Class B Shares pursuant to the Class B Share Issue.

    Immediately prior to the closing of the Transactions (the “Closing”), Mr. Cudney beneficially owned and exercised control and direction over an aggregate of 3,923,010 Class A Shares (of which an aggregate of 2,428,280 Class A Shares were owned by Mr. Cudney directly and an aggregate of 1,494,730 Class A Shares were owned by Cudney Stables Inc. (“Cudney Stables”), an entity owned by Mr. Cudney), an aggregate of 18,600 Class B Shares, and convertible securities of Northfield entitling Mr. Cudney to acquire an additional 437,500 Class A Shares, representing approximately 27.5% of the issued and outstanding Class A Shares and 100% of the Class B Shares immediately prior to the Closing (or approximately 29.64% of the issued and outstanding Class A Shares, calculated on a partially diluted basis, assuming the exercise of the 437,500 convertible securities only).

    Immediately following the Closing, Mr. Cudney, together with Cudney Stables, beneficially own and exercise control and direction over an aggregate of 5,230,678 Class A Shares (of which an aggregate of 3,735,948 Class A Shares are beneficially owned by Mr. Cudney, and an aggregate of 1,494,730 Class A Shares are beneficially owned by Cudney Stables), an aggregate of 23,568 Class B Shares, and convertible securities entitling Mr. Cudney to acquire an additional 437,500 Class A Shares, representing approximately 29.1% of the issued and outstanding Class A Shares and 100% of the Class B Shares on Closing (or approximately 30.7% of the issued and outstanding Class A Shares on Closing, calculated on a partially diluted basis, assuming the exercise of the 437,500 convertible securities only).

    The Class A Shares acquired pursuant to the Juno Share Acquisition were not acquired through the facilities of any marketplace for the Company’s securities. Mr. Cudney may increase or decrease his investments in the Company at any time, or continue to maintain his current investment position, depending on market conditions or any other relevant factor. The Class A Shares were acquired for aggregate consideration of 1,798,044 Juno Shares held by Mr. Cudney, having a deemed value of C$3.71 per Juno Share or approximately C$6,669,108.65 in the aggregate, pursuant to the exemption contained in Section 2.16 of National Instrument 45-106 – Prospectus Exemptions (the take-over bid and issuer bid transaction exemption).

    This portion of this news release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires an early warning report to be filed on the System for Electronic Document Analysis and Retrieval+ (“SEDAR+”), accessible at www.sedarplus.ca, containing additional information with respect to the foregoing matters. A copy of the related early warning report may be obtained, following its filing, on the Company’s SEDAR+ profile or by contacting the Company at 141 Adelaide Street West, Suite 301, Toronto, Ontario M5H 3L5, Attention: Michael Leskovec, Chief Financial Officer, Northfield Capital Corporation, Tel: (416) 628-5940.

    About Northfield Capital Corporation

    Northfield Capital Corporation is a publicly traded, leading Canadian investment firm with deep roots in resources, mining, aviation, and premium alcoholic beverages. Founded in 1981 by Robert D. Cudney, Northfield combines decades of experience with forward-thinking strategies to unlock opportunities across its diverse portfolio. Northfield is dedicated to fostering growth and innovation in businesses that drive economic prosperity in Canada. For more information, visit www.northfieldcapital.com.

    For further information, please contact:

    Michael G. Leskovec, CPA, CA
    Chief Financial Officer
    Telephone: (416) 628-5940

    Forward-Looking Information and Other Disclaimers

    This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking information”) within the meaning of applicable securities laws including, but not limited to, statements with respect to Mr. Cudney’s intentions with respect to his current and future investments in the Company, and Juno’s 2025 exploration campaign and its exploration in the Ring of Fire (and expectations with respect thereto). The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information. Forward-looking information is based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information are based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct.

    Since forward-looking information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Factors which could materially affect such forward-looking information are described in the risk factors in the Company’s most recent annual management’s discussion and analysis that is available on the Company’s profile on SEDAR+ at www.sedarplus.ca. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking information included in this news release are expressly qualified by this cautionary statement. The forward-looking information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

    The securities offered will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent a registration statement or an applicable exemption from the registration requirements. The news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

    Neither 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 news release.

    The MIL Network –

    July 11, 2025
  • MIL-OSI: Northfield Capital Completes Acquisition of Additional Interest in Juno Corp. and Issuance of Class B Multiple Voting Shares

    Source: GlobeNewswire (MIL-OSI)

    Not for distribution to U.S. Newswire Services or for release, publication, distribution or dissemination directly or indirectly, in whole or in part, in or into the United States.

    TORONTO, July 10, 2025 (GLOBE NEWSWIRE) — Northfield Capital Corporation (TSX-V: NFD.A) (“Northfield” or the “Company”) is pleased to announce that it has completed its previously announced transaction (the “Juno Share Acquisition”) to acquire an aggregate of 5,123,044 common shares (“Juno Shares”) of Juno Corp. (“Juno”), in accordance with the terms of the share purchase agreements entered into with five shareholders of Juno. In consideration for the Juno Shares acquired, the Company issued to such shareholders an aggregate of 3,725,848 class A restricted voting shares in the capital of the Company (the “Class A Shares”). The Company also announces that it has issued an aggregate of 4,968 Class B multiple voting shares of the Company (the “Class B Shares”) to Mr. Robert Cudney, the President, Chief Executive Officer and a director of the Company, on a non-brokered private placement basis at a price of $6.00 per Class B Share, for aggregate gross proceeds of $29,808‬ (the “Class B Share Issue”).

    For further details of the Juno Share Acquisition and the Class B Share Issue (together, the “Transactions”), please refer to the Company’s news release dated May 27, 2025.

    As a result of the share acquisition announced today, Northfield’s ownership interest in Juno increases from 16.8% to approximately 24%.

    About Juno Corp.

    Juno is a private Ontario-based exploration company and the largest mineral claimholder in the Ring of Fire, controlling over 4,600 km²— representing more than 55% of the district’s mineral claims. Juno’s 2025 exploration campaign is underway, with further drilling and data analytics aimed at expanding known mineralized zones and unlocking new targets. Backed by a strong treasury, experienced leadership, and established relationships with First Nations communities, Juno is uniquely positioned to lead the next generation of mineral exploration in the Ring of Fire.

    Class B Share Issue

    The Class B Share Issue was completed in order for Mr. Cudney to maintain his pro rata voting interest in respect of the Class B Shares following the completion of the Juno Share Acquisition and the Company’s previously completed acquisition of all of the shares of Northfield Aviation Group Inc. (as announced in the Company’s news releases of May 5, 2025 and May 27, 2025). The Class B Shares were issued in accordance with the resolutions of the shareholders of the Company passed at the meeting of shareholders of the Company held in December 1986, which authorized the board of directors of the Company (the “Board”) to issue additional Class B Shares to Mr. Cudney at an issue price equal to the market price of the Class A restricted voting shares of the Company on the day before the Board approves such issuance. The Class B Shares issued to Mr. Cudney are subject to a hold period of four months plus one day from the date of closing of the Class B Share Issue.

    Early Warning Disclosure

    Mr. Cudney, an insider of the Company and an individual with beneficial ownership of, or control or direction over, securities of the Company carrying more than 10% of the voting rights attached to all the outstanding voting securities of the Company, participated in (i) the Juno Share Acquisition as a vendor and sold and transferred to the Company an aggregate of 1,798,044 Juno Shares (in consideration for which, the Company issued to Mr. Cudney an aggregate of 1,307,668 Class A Shares), and (ii) acquired an aggregate of 4,968 Class B Shares pursuant to the Class B Share Issue.

    Immediately prior to the closing of the Transactions (the “Closing”), Mr. Cudney beneficially owned and exercised control and direction over an aggregate of 3,923,010 Class A Shares (of which an aggregate of 2,428,280 Class A Shares were owned by Mr. Cudney directly and an aggregate of 1,494,730 Class A Shares were owned by Cudney Stables Inc. (“Cudney Stables”), an entity owned by Mr. Cudney), an aggregate of 18,600 Class B Shares, and convertible securities of Northfield entitling Mr. Cudney to acquire an additional 437,500 Class A Shares, representing approximately 27.5% of the issued and outstanding Class A Shares and 100% of the Class B Shares immediately prior to the Closing (or approximately 29.64% of the issued and outstanding Class A Shares, calculated on a partially diluted basis, assuming the exercise of the 437,500 convertible securities only).

    Immediately following the Closing, Mr. Cudney, together with Cudney Stables, beneficially own and exercise control and direction over an aggregate of 5,230,678 Class A Shares (of which an aggregate of 3,735,948 Class A Shares are beneficially owned by Mr. Cudney, and an aggregate of 1,494,730 Class A Shares are beneficially owned by Cudney Stables), an aggregate of 23,568 Class B Shares, and convertible securities entitling Mr. Cudney to acquire an additional 437,500 Class A Shares, representing approximately 29.1% of the issued and outstanding Class A Shares and 100% of the Class B Shares on Closing (or approximately 30.7% of the issued and outstanding Class A Shares on Closing, calculated on a partially diluted basis, assuming the exercise of the 437,500 convertible securities only).

    The Class A Shares acquired pursuant to the Juno Share Acquisition were not acquired through the facilities of any marketplace for the Company’s securities. Mr. Cudney may increase or decrease his investments in the Company at any time, or continue to maintain his current investment position, depending on market conditions or any other relevant factor. The Class A Shares were acquired for aggregate consideration of 1,798,044 Juno Shares held by Mr. Cudney, having a deemed value of C$3.71 per Juno Share or approximately C$6,669,108.65 in the aggregate, pursuant to the exemption contained in Section 2.16 of National Instrument 45-106 – Prospectus Exemptions (the take-over bid and issuer bid transaction exemption).

    This portion of this news release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires an early warning report to be filed on the System for Electronic Document Analysis and Retrieval+ (“SEDAR+”), accessible at www.sedarplus.ca, containing additional information with respect to the foregoing matters. A copy of the related early warning report may be obtained, following its filing, on the Company’s SEDAR+ profile or by contacting the Company at 141 Adelaide Street West, Suite 301, Toronto, Ontario M5H 3L5, Attention: Michael Leskovec, Chief Financial Officer, Northfield Capital Corporation, Tel: (416) 628-5940.

    About Northfield Capital Corporation

    Northfield Capital Corporation is a publicly traded, leading Canadian investment firm with deep roots in resources, mining, aviation, and premium alcoholic beverages. Founded in 1981 by Robert D. Cudney, Northfield combines decades of experience with forward-thinking strategies to unlock opportunities across its diverse portfolio. Northfield is dedicated to fostering growth and innovation in businesses that drive economic prosperity in Canada. For more information, visit www.northfieldcapital.com.

    For further information, please contact:

    Michael G. Leskovec, CPA, CA
    Chief Financial Officer
    Telephone: (416) 628-5940

    Forward-Looking Information and Other Disclaimers

    This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking information”) within the meaning of applicable securities laws including, but not limited to, statements with respect to Mr. Cudney’s intentions with respect to his current and future investments in the Company, and Juno’s 2025 exploration campaign and its exploration in the Ring of Fire (and expectations with respect thereto). The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information. Forward-looking information is based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information are based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct.

    Since forward-looking information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Factors which could materially affect such forward-looking information are described in the risk factors in the Company’s most recent annual management’s discussion and analysis that is available on the Company’s profile on SEDAR+ at www.sedarplus.ca. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking information included in this news release are expressly qualified by this cautionary statement. The forward-looking information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

    The securities offered will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent a registration statement or an applicable exemption from the registration requirements. The news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

    Neither 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 news release.

    The MIL Network –

    July 11, 2025
  • MIL-OSI: BlockchainCloudMining Launches XRP-Based Cloud Mining Contracts to Broaden Asset Utility

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 10, 2025 (GLOBE NEWSWIRE) — BlockchainCloudMining, a UK-based cryptocurrency cloud mining platform, today announced the launch of XRP-compatible cloud mining contracts, enabling holders of XRP to directly participate in crypto mining activities. This strategic update marks a significant step in broadening the utility of XRP beyond traditional cross-border transfers.

    The new XRP-based contracts are now available globally on BlockchainCloudMining.com and come at a time when institutional interest in alternative mining strategies and blockchain infrastructure diversification is rising.

    XRP is no longer just a transfer tool, but also an asset appreciation tool

    “We’ve seen growing interest from users holding XRP who are looking to diversify their digital asset strategy,” said a company spokesperson. “With this launch, BlockchainCloudMining aims to provide an efficient way for users to engage in mining using XRP, without the need for physical hardware or technical complexity.”

    XRP, originally developed by Ripple Labs for fast and low-cost transactions, has maintained a strong presence in the digital payments space. With the addition of cloud mining compatibility, BlockchainCloudMining addresses the evolving needs of digital asset holders seeking passive participation in blockchain infrastructure.

    BlockchainCloudMining: Start mining machines with XRP and get passive income every day

    The platform now supports a total of nine cryptocurrencies for mining contracts, including BTC, ETH, DOGE, USDT, and XRP. All mining operations are conducted via remote green-energy-powered data centers across multiple regions, emphasizing environmental sustainability and 24/7 uptime.

    The platform contract income data is transparent, and the flexible period meets the needs of multiple types of users. BlockchainCloudMining provides a variety of period contracts, covering novices to advanced users:

    ⦁ [New User Experience Contract]: Investment amount: US$100, contract period 2 days, total income: US$100 + US$6.
    ⦁ [WhatsMiner M66S]: Investment amount: US$500, contract period 7 days, total income: US$500 + US$45.5.
    ⦁ [WhatsMiner M60]: Investment amount: US$1,000, contract period 14 days, total income: US$1,000 + US$196.
    ⦁【Bitcoin Miner S21+】: Investment amount: $3,000, contract period 20 days, total income: $3,000 + $900.
    ⦁【ALPH Miner AL1】: Investment amount: $10,000, contract period 35 days, total income: $10,000 + $5,950.
    ⦁【ANTSPACE HK3】: Investment amount: $33,000, contract period 40 days, total income: $33,000 + $26,400.

    This announcement comes amid wider market discussions around the long-term role of XRP in the crypto economy. BlockchainCloudMining notes that the new feature is designed to give holders of XRP more ways to engage with blockchain infrastructure beyond traditional trading.

    The platform is currently carrying out a global registered user program, where new users will be given a $12 upon registration, which can be used to offset the cost of the first contract. The platform also launched a multi-currency invitation rebate mechanism to support team contract profit sharing, further expanding the possibility of passive income.

    Conclusion: You don’t need to understand technology to start your “mining machine business” with XRP

    For most cryptocurrency holders, the trading market is too volatile and the mining equipment is too complicated. BlockchainCloudMining uses a simple way to allow users to use their XRP to start an “automatic money-making” system in the cloud, without burning their brains or watching the market, and the money will be automatically credited every day.

    Between traditional investment and decentralized finance, such a BlockchainCloudMining platform provides a new middle option – safer, easier to use, and more sustainable.

    To learn more about the XRP cloud mining option and other supported digital assets, visit the official announcement page at www.BlockchainCloudMining.com.

    About BlockchainCloudMining

    BlockchainCloudMining is a global cryptocurrency cloud mining platform headquartered in London. The company provides users with access to a network of energy-efficient mining infrastructure, supporting multiple digital assets across secure and transparent operations. With a commitment to simplicity, compliance, and sustainability, the platform enables a new generation of users to participate in the blockchain ecosystem.

    Media Contact:

    Website: www.BlockchainCloudMining.com

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –

    July 11, 2025
  • MIL-OSI: Slipstream Co-Authors First Comprehensive Cost Study on Hereditary Hemorrhagic Telangiectasia in the American Journal of Hematology

    Source: GlobeNewswire (MIL-OSI)

    BLUE BELL, Pa., July 10, 2025 (GLOBE NEWSWIRE) — Slipstream, a trusted technology partner serving the Pharmaceutical and Biopharmaceutical industry, is proud to announce its co-authorship of a groundbreaking study on Hereditary Hemorrhagic Telangiectasia (HHT), recently published in the American Journal of Hematology.

    The study, “Characterizing the Healthcare Utilization and Costs of Hereditary Hemorrhagic Telangiectasia”, is the largest study of patients with HHT ever conducted, including over 24,000 patients living with this rare, inherited bleeding disorder. The research reveals that, within this sample, the direct medical costs for HHT exceeded $450 million annually in the United States, driven primarily by the treatment of bleeding-related complications, including anemia.

    “By leveraging Komodo Health’s Healthcare Map®, which includes data from over 330 million US patients, we have been able to characterize a rare disease whose natural history and burden have never been well-defined or fully understood,” said Tracy J. Mayne, PhD, Senior Vice President of Regulatory and Life Science Research at Slipstream. “We now know that nearly 60% of patients diagnosed with HHT have bleeding so severe that it causes anemia, and a significant portion of those patients receive frequent IV iron and/or red cell transfusions. The burden for both patients and the healthcare system is enormous, with significant implications for advocacy and drug development.”

    The research team, which includes collaborators from Massachusetts General Hospital, Cure HHT, and Diagonal Therapeutics, utilized Komodo real-world claims data to evaluate the economic burden of disease in a cohort of more than 24,000 patients in 2022 and 2023.

    Key findings from the publication include:

    • Per patient per year (PPPY) costs for people living with HHT are comparable to or surpass those of other rare and resource-intensive diseases.
    • Bleeding and its consequences were identified as the primary drivers of healthcare costs.
      • Mean PPPY costs for all HHT patients were >$19,000 across 2022 and 2023, about 20% higher than those for sickle cell disease.
      • For HHT patients with anemia, the mean PPPY costs were approximately $27,000
      • Patients with HHT receiving hematologic support (iron infusions and/or red blood cell transfusions) had mean PPPY costs of approximately $40,000
      • HHT patients with anemia, while accounting for nearly 60% of the HHT patient population, were responsible for approximately 80% of the direct medical costs.
    • Notably, the prevalence of liver transplantation among HHT patients, arising from complications of liver AVMs, was 40 times greater than in the general U.S. population.

    “Slipstream was founded on the belief that technology should empower the life sciences industry to move faster, work smarter, and operate more efficiently,” said Brandon McKay, Chief Executive Officer at Slipstream. “Studies like this one validate how the right data, paired with the right expertise, can redefine what is possible in healthcare. This collaboration is exactly the kind of work we strive to do partnering with innovators across the ecosystem to unlock the power of real-world data and digital platforms. Our goal is always to accelerate impact where it matters most, improving patient outcomes.”

    This landmark study provides critical evidence of the high level of unmet need for patients living with HHT, who have few treatment options and no approved drugs that modify disease or are able to slow or halt progression. This study strengthens the case for future therapeutic development and is an example of the value real-world evidence and the Komodo health database bring to the rare disease space.

    The full article is available online through the American Journal of Hematology: https://doi.org/10.1002/ajh.27756

    About Slipstream
    Slipstream is a trusted technology partner exclusively serving the Life Sciences industry. Our global team brings deep domain expertise and pragmatic, end-to-end solutions that simplify complex challenges across the entire product lifecycle. We deliver with speed, compliance, and foresight— empowering clients to accelerate research, optimize time to market, and improve patient outcomes, ensuring technology keeps pace with their life-changing mission.

    About Slipstream’s Digital CRO Practice

    Slipstream’s Digital CRO Practice is advancing drug development by utilizing real-world data and current data science to create external/synthetic controls and real-world/placebo hybrids as primary basis of approval for drugs developed to treat rare diseases. As a market leader in digital pharmaceutical digital platforms, Slipstream combines deep therapeutic expertise with real-world regulatory experience and industry-leading technology to help rare disease companies achieve approval faster and at significantly reduced cost. Using large national databases, Slipstream also assists in site identification and recruitment for rare disease trials.

    Media Contact:
    Isabella Canuso

    Sr. Marketing Manager
    Slipstream
    Isabella.canuso@slipstream-it.com
    (609)682-1080
    www.slipstream-it.com

    The MIL Network –

    July 11, 2025
  • MIL-OSI: Slipstream Co-Authors First Comprehensive Cost Study on Hereditary Hemorrhagic Telangiectasia in the American Journal of Hematology

    Source: GlobeNewswire (MIL-OSI)

    BLUE BELL, Pa., July 10, 2025 (GLOBE NEWSWIRE) — Slipstream, a trusted technology partner serving the Pharmaceutical and Biopharmaceutical industry, is proud to announce its co-authorship of a groundbreaking study on Hereditary Hemorrhagic Telangiectasia (HHT), recently published in the American Journal of Hematology.

    The study, “Characterizing the Healthcare Utilization and Costs of Hereditary Hemorrhagic Telangiectasia”, is the largest study of patients with HHT ever conducted, including over 24,000 patients living with this rare, inherited bleeding disorder. The research reveals that, within this sample, the direct medical costs for HHT exceeded $450 million annually in the United States, driven primarily by the treatment of bleeding-related complications, including anemia.

    “By leveraging Komodo Health’s Healthcare Map®, which includes data from over 330 million US patients, we have been able to characterize a rare disease whose natural history and burden have never been well-defined or fully understood,” said Tracy J. Mayne, PhD, Senior Vice President of Regulatory and Life Science Research at Slipstream. “We now know that nearly 60% of patients diagnosed with HHT have bleeding so severe that it causes anemia, and a significant portion of those patients receive frequent IV iron and/or red cell transfusions. The burden for both patients and the healthcare system is enormous, with significant implications for advocacy and drug development.”

    The research team, which includes collaborators from Massachusetts General Hospital, Cure HHT, and Diagonal Therapeutics, utilized Komodo real-world claims data to evaluate the economic burden of disease in a cohort of more than 24,000 patients in 2022 and 2023.

    Key findings from the publication include:

    • Per patient per year (PPPY) costs for people living with HHT are comparable to or surpass those of other rare and resource-intensive diseases.
    • Bleeding and its consequences were identified as the primary drivers of healthcare costs.
      • Mean PPPY costs for all HHT patients were >$19,000 across 2022 and 2023, about 20% higher than those for sickle cell disease.
      • For HHT patients with anemia, the mean PPPY costs were approximately $27,000
      • Patients with HHT receiving hematologic support (iron infusions and/or red blood cell transfusions) had mean PPPY costs of approximately $40,000
      • HHT patients with anemia, while accounting for nearly 60% of the HHT patient population, were responsible for approximately 80% of the direct medical costs.
    • Notably, the prevalence of liver transplantation among HHT patients, arising from complications of liver AVMs, was 40 times greater than in the general U.S. population.

    “Slipstream was founded on the belief that technology should empower the life sciences industry to move faster, work smarter, and operate more efficiently,” said Brandon McKay, Chief Executive Officer at Slipstream. “Studies like this one validate how the right data, paired with the right expertise, can redefine what is possible in healthcare. This collaboration is exactly the kind of work we strive to do partnering with innovators across the ecosystem to unlock the power of real-world data and digital platforms. Our goal is always to accelerate impact where it matters most, improving patient outcomes.”

    This landmark study provides critical evidence of the high level of unmet need for patients living with HHT, who have few treatment options and no approved drugs that modify disease or are able to slow or halt progression. This study strengthens the case for future therapeutic development and is an example of the value real-world evidence and the Komodo health database bring to the rare disease space.

    The full article is available online through the American Journal of Hematology: https://doi.org/10.1002/ajh.27756

    About Slipstream
    Slipstream is a trusted technology partner exclusively serving the Life Sciences industry. Our global team brings deep domain expertise and pragmatic, end-to-end solutions that simplify complex challenges across the entire product lifecycle. We deliver with speed, compliance, and foresight— empowering clients to accelerate research, optimize time to market, and improve patient outcomes, ensuring technology keeps pace with their life-changing mission.

    About Slipstream’s Digital CRO Practice

    Slipstream’s Digital CRO Practice is advancing drug development by utilizing real-world data and current data science to create external/synthetic controls and real-world/placebo hybrids as primary basis of approval for drugs developed to treat rare diseases. As a market leader in digital pharmaceutical digital platforms, Slipstream combines deep therapeutic expertise with real-world regulatory experience and industry-leading technology to help rare disease companies achieve approval faster and at significantly reduced cost. Using large national databases, Slipstream also assists in site identification and recruitment for rare disease trials.

    Media Contact:
    Isabella Canuso

    Sr. Marketing Manager
    Slipstream
    Isabella.canuso@slipstream-it.com
    (609)682-1080
    www.slipstream-it.com

    The MIL Network –

    July 11, 2025
  • MIL-OSI: Slipstream Co-Authors First Comprehensive Cost Study on Hereditary Hemorrhagic Telangiectasia in the American Journal of Hematology

    Source: GlobeNewswire (MIL-OSI)

    BLUE BELL, Pa., July 10, 2025 (GLOBE NEWSWIRE) — Slipstream, a trusted technology partner serving the Pharmaceutical and Biopharmaceutical industry, is proud to announce its co-authorship of a groundbreaking study on Hereditary Hemorrhagic Telangiectasia (HHT), recently published in the American Journal of Hematology.

    The study, “Characterizing the Healthcare Utilization and Costs of Hereditary Hemorrhagic Telangiectasia”, is the largest study of patients with HHT ever conducted, including over 24,000 patients living with this rare, inherited bleeding disorder. The research reveals that, within this sample, the direct medical costs for HHT exceeded $450 million annually in the United States, driven primarily by the treatment of bleeding-related complications, including anemia.

    “By leveraging Komodo Health’s Healthcare Map®, which includes data from over 330 million US patients, we have been able to characterize a rare disease whose natural history and burden have never been well-defined or fully understood,” said Tracy J. Mayne, PhD, Senior Vice President of Regulatory and Life Science Research at Slipstream. “We now know that nearly 60% of patients diagnosed with HHT have bleeding so severe that it causes anemia, and a significant portion of those patients receive frequent IV iron and/or red cell transfusions. The burden for both patients and the healthcare system is enormous, with significant implications for advocacy and drug development.”

    The research team, which includes collaborators from Massachusetts General Hospital, Cure HHT, and Diagonal Therapeutics, utilized Komodo real-world claims data to evaluate the economic burden of disease in a cohort of more than 24,000 patients in 2022 and 2023.

    Key findings from the publication include:

    • Per patient per year (PPPY) costs for people living with HHT are comparable to or surpass those of other rare and resource-intensive diseases.
    • Bleeding and its consequences were identified as the primary drivers of healthcare costs.
      • Mean PPPY costs for all HHT patients were >$19,000 across 2022 and 2023, about 20% higher than those for sickle cell disease.
      • For HHT patients with anemia, the mean PPPY costs were approximately $27,000
      • Patients with HHT receiving hematologic support (iron infusions and/or red blood cell transfusions) had mean PPPY costs of approximately $40,000
      • HHT patients with anemia, while accounting for nearly 60% of the HHT patient population, were responsible for approximately 80% of the direct medical costs.
    • Notably, the prevalence of liver transplantation among HHT patients, arising from complications of liver AVMs, was 40 times greater than in the general U.S. population.

    “Slipstream was founded on the belief that technology should empower the life sciences industry to move faster, work smarter, and operate more efficiently,” said Brandon McKay, Chief Executive Officer at Slipstream. “Studies like this one validate how the right data, paired with the right expertise, can redefine what is possible in healthcare. This collaboration is exactly the kind of work we strive to do partnering with innovators across the ecosystem to unlock the power of real-world data and digital platforms. Our goal is always to accelerate impact where it matters most, improving patient outcomes.”

    This landmark study provides critical evidence of the high level of unmet need for patients living with HHT, who have few treatment options and no approved drugs that modify disease or are able to slow or halt progression. This study strengthens the case for future therapeutic development and is an example of the value real-world evidence and the Komodo health database bring to the rare disease space.

    The full article is available online through the American Journal of Hematology: https://doi.org/10.1002/ajh.27756

    About Slipstream
    Slipstream is a trusted technology partner exclusively serving the Life Sciences industry. Our global team brings deep domain expertise and pragmatic, end-to-end solutions that simplify complex challenges across the entire product lifecycle. We deliver with speed, compliance, and foresight— empowering clients to accelerate research, optimize time to market, and improve patient outcomes, ensuring technology keeps pace with their life-changing mission.

    About Slipstream’s Digital CRO Practice

    Slipstream’s Digital CRO Practice is advancing drug development by utilizing real-world data and current data science to create external/synthetic controls and real-world/placebo hybrids as primary basis of approval for drugs developed to treat rare diseases. As a market leader in digital pharmaceutical digital platforms, Slipstream combines deep therapeutic expertise with real-world regulatory experience and industry-leading technology to help rare disease companies achieve approval faster and at significantly reduced cost. Using large national databases, Slipstream also assists in site identification and recruitment for rare disease trials.

    Media Contact:
    Isabella Canuso

    Sr. Marketing Manager
    Slipstream
    Isabella.canuso@slipstream-it.com
    (609)682-1080
    www.slipstream-it.com

    The MIL Network –

    July 11, 2025
  • MIL-OSI: FHLBank San Francisco Awards $5.1 Million in Grants for Affordable Housing in Nevada

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, July 10, 2025 (GLOBE NEWSWIRE) — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today announced $5.1 million in affordable housing grants awarded to Nevada-based affordable housing developers through its Affordable Housing Program (AHP) Nevada Targeted Fund. The grants are being awarded to five projects in Nevada that will collectively create over 270 units of new affordable housing throughout the state.

    “The shortage of affordable housing is one of the most pressing challenges our country faces, and the need is especially acute in Nevada,” said Joseph E. Amato, interim president and CEO of FHLBank San Francisco. “As one of the nation’s least densely populated states, Nevada is home to a wide range of communities — urban, rural, and tribal — all experiencing significant housing challenges. We’re proud to support five impactful projects across the state that will help address this crisis and expand access to affordable housing.”

    This year marks the third year of the Nevada Targeted Fund, which was developed in collaboration with U.S. Senator Catherine Cortez Masto of Nevada to innovate meaningful solutions to encourage and fund needed affordable housing projects. To address the dire need in Nevada, FHLBank San Francisco launched the Nevada Targeted Fund, the first state-targeted fund in the FHLBank System, to specifically fund affordable housing projects in Nevada. According to the National Low Income Housing Coalition, the supply of affordable and available rental homes in Nevada is 17 for every 100 extremely low-income renter households. Nevada is the state with the most extremely low-income households in the nation, earning between 0% to 30% of area median income who are severely cost burdened, meaning the household spends more than 50% of its income on housing costs, including utilities.

    “I appreciate that the Federal Home Loan Bank of San Francisco continues to support the Nevada Targeted Fund,” said Senator Cortez Masto. “I’m proud of the partnership that we have built with the Bank to address housing needs in the Silver State, and I will continue to seek opportunities for the FHLBank to use its resources to meet more of our housing and community development needs.”

    AHP General Fund and Nevada Targeted Fund grants help finance the development, preservation, or purchase of affordable multifamily and single-family housing for people in need, including the chronically unhoused, families, seniors, veterans, at-risk youth, people living with disabilities and mental health challenges or overcoming substance abuse. Grants are delivered through FHLBank San Francisco member institutions partnering with nonprofits and affordable housing developers to submit applications for grants for specific projects in an annual funding competition.

    The 2025 AHP Nevada Targeted Fund grants will fund the following five new construction projects across Nevada:

    1. Reno: Truckee Meadows Housing Solutions’ Gen Den Intergenerational Housing will create an intergenerational community with 10 new units, in collaboration with FHLBank San Francisco member Clearinghouse CDFI.
    2. North Las Vegas: Foresight Housing Partners’ PuraVida Senior Living will construct 74 new affordable apartment units that prioritize accessibility and ADA compliance for very-low-income seniors, in collaboration with FHLBank San Francisco member Town and Country Bank.
    3. Las Vegas: Nevada H.A.N.D., Inc.’s Southern Pines Apartments will create 48 new units of housing for families and individuals with on-site social services and recreational programs, in collaboration with FHLBank San Francisco member Wells Fargo National Bank West.
    4. Las Vegas: Walter Hoving Home, Inc.’s Las Vegas Expansion project will create a new residential recovery facility for women and families, in collaboration with FHLBank San Francisco member City National Bank.
    5. Las Vegas: Blind Center of Nevada’s Visions Park will provide new critical housing for the blind and visually impaired, in collaboration with FHLBank San Francisco member Western Alliance Bank.

    “At Western Alliance Bank, we are honored to play a role in increasing affordable housing options for people in communities across our national footprint,” said Aidan Tracey, assistant vice president of portfolio management for Western Alliance Bank’s Affordable Housing Investments Group. “Visions Park is an exciting opportunity to create and sustain innovative supportive housing for people who are visually impaired. We are pleased that we could work with the Federal Home Loan Bank of San Francisco and support the Blind Center of Nevada in bringing this project to life to make Las Vegas a better place to live for those with vision loss.”

    In 2025, FHLBank San Francisco awarded nearly $50 million in AHP grants, including funding from its 2025 AHP General Fund for projects in California and Arizona, and from its 2025 Nevada Targeted Fund for projects in Nevada. Since 1990, FHLBank San Francisco has awarded over $1.4 billion in grants for the construction, preservation, or purchase of nearly 155,000 affordable housing units. Collectively, the FHLBanks are one of the largest sources of private sector grants for affordable housing in the country, providing approximately $8.3 billion in grant funding for affordable housing and helping more than one million households purchase or preserve a home since 1990. Providing resources for affordable housing is central to FHLBank San Francisco’s mission, with at least 10% of the Bank’s net income from the prior year committed to fund affordable housing and related community investment programs.

    Where AHP projects are developed, local economies also get a boost, as these projects create jobs, increase construction and consumer spending, and generate new tax revenues. Learn more about the communities, families, and individuals that have benefited from access to AHP-funded housing on the Bank’s website.

    About the Federal Home Loan Bank of San Francisco
    The Federal Home Loan Bank of San Francisco is a member-driven cooperative helping local lenders in Arizona, California, and Nevada build strong communities, create opportunity, and change lives for the better. The tools and resources we provide to our member financial institutions — commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions —propel homeownership, finance quality affordable housing, drive economic vitality, and revitalize whole neighborhoods. Together with our members and other partners, we are making the communities we serve more vibrant and resilient.

    Contact:

    Tom Flannigan
    Tom.Flannigan@fhlbsf.com
    415.616.2695

    The MIL Network –

    July 11, 2025
  • MIL-OSI: FHLBank San Francisco Awards $5.1 Million in Grants for Affordable Housing in Nevada

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, July 10, 2025 (GLOBE NEWSWIRE) — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today announced $5.1 million in affordable housing grants awarded to Nevada-based affordable housing developers through its Affordable Housing Program (AHP) Nevada Targeted Fund. The grants are being awarded to five projects in Nevada that will collectively create over 270 units of new affordable housing throughout the state.

    “The shortage of affordable housing is one of the most pressing challenges our country faces, and the need is especially acute in Nevada,” said Joseph E. Amato, interim president and CEO of FHLBank San Francisco. “As one of the nation’s least densely populated states, Nevada is home to a wide range of communities — urban, rural, and tribal — all experiencing significant housing challenges. We’re proud to support five impactful projects across the state that will help address this crisis and expand access to affordable housing.”

    This year marks the third year of the Nevada Targeted Fund, which was developed in collaboration with U.S. Senator Catherine Cortez Masto of Nevada to innovate meaningful solutions to encourage and fund needed affordable housing projects. To address the dire need in Nevada, FHLBank San Francisco launched the Nevada Targeted Fund, the first state-targeted fund in the FHLBank System, to specifically fund affordable housing projects in Nevada. According to the National Low Income Housing Coalition, the supply of affordable and available rental homes in Nevada is 17 for every 100 extremely low-income renter households. Nevada is the state with the most extremely low-income households in the nation, earning between 0% to 30% of area median income who are severely cost burdened, meaning the household spends more than 50% of its income on housing costs, including utilities.

    “I appreciate that the Federal Home Loan Bank of San Francisco continues to support the Nevada Targeted Fund,” said Senator Cortez Masto. “I’m proud of the partnership that we have built with the Bank to address housing needs in the Silver State, and I will continue to seek opportunities for the FHLBank to use its resources to meet more of our housing and community development needs.”

    AHP General Fund and Nevada Targeted Fund grants help finance the development, preservation, or purchase of affordable multifamily and single-family housing for people in need, including the chronically unhoused, families, seniors, veterans, at-risk youth, people living with disabilities and mental health challenges or overcoming substance abuse. Grants are delivered through FHLBank San Francisco member institutions partnering with nonprofits and affordable housing developers to submit applications for grants for specific projects in an annual funding competition.

    The 2025 AHP Nevada Targeted Fund grants will fund the following five new construction projects across Nevada:

    1. Reno: Truckee Meadows Housing Solutions’ Gen Den Intergenerational Housing will create an intergenerational community with 10 new units, in collaboration with FHLBank San Francisco member Clearinghouse CDFI.
    2. North Las Vegas: Foresight Housing Partners’ PuraVida Senior Living will construct 74 new affordable apartment units that prioritize accessibility and ADA compliance for very-low-income seniors, in collaboration with FHLBank San Francisco member Town and Country Bank.
    3. Las Vegas: Nevada H.A.N.D., Inc.’s Southern Pines Apartments will create 48 new units of housing for families and individuals with on-site social services and recreational programs, in collaboration with FHLBank San Francisco member Wells Fargo National Bank West.
    4. Las Vegas: Walter Hoving Home, Inc.’s Las Vegas Expansion project will create a new residential recovery facility for women and families, in collaboration with FHLBank San Francisco member City National Bank.
    5. Las Vegas: Blind Center of Nevada’s Visions Park will provide new critical housing for the blind and visually impaired, in collaboration with FHLBank San Francisco member Western Alliance Bank.

    “At Western Alliance Bank, we are honored to play a role in increasing affordable housing options for people in communities across our national footprint,” said Aidan Tracey, assistant vice president of portfolio management for Western Alliance Bank’s Affordable Housing Investments Group. “Visions Park is an exciting opportunity to create and sustain innovative supportive housing for people who are visually impaired. We are pleased that we could work with the Federal Home Loan Bank of San Francisco and support the Blind Center of Nevada in bringing this project to life to make Las Vegas a better place to live for those with vision loss.”

    In 2025, FHLBank San Francisco awarded nearly $50 million in AHP grants, including funding from its 2025 AHP General Fund for projects in California and Arizona, and from its 2025 Nevada Targeted Fund for projects in Nevada. Since 1990, FHLBank San Francisco has awarded over $1.4 billion in grants for the construction, preservation, or purchase of nearly 155,000 affordable housing units. Collectively, the FHLBanks are one of the largest sources of private sector grants for affordable housing in the country, providing approximately $8.3 billion in grant funding for affordable housing and helping more than one million households purchase or preserve a home since 1990. Providing resources for affordable housing is central to FHLBank San Francisco’s mission, with at least 10% of the Bank’s net income from the prior year committed to fund affordable housing and related community investment programs.

    Where AHP projects are developed, local economies also get a boost, as these projects create jobs, increase construction and consumer spending, and generate new tax revenues. Learn more about the communities, families, and individuals that have benefited from access to AHP-funded housing on the Bank’s website.

    About the Federal Home Loan Bank of San Francisco
    The Federal Home Loan Bank of San Francisco is a member-driven cooperative helping local lenders in Arizona, California, and Nevada build strong communities, create opportunity, and change lives for the better. The tools and resources we provide to our member financial institutions — commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions —propel homeownership, finance quality affordable housing, drive economic vitality, and revitalize whole neighborhoods. Together with our members and other partners, we are making the communities we serve more vibrant and resilient.

    Contact:

    Tom Flannigan
    Tom.Flannigan@fhlbsf.com
    415.616.2695

    The MIL Network –

    July 11, 2025
  • MIL-OSI USA: Reed Statement on Passing of RI Business Titan & Philanthropist, Alan G. Hassenfeld

    US Senate News:

    Source: United States Senator for Rhode Island Jack Reed

    WASHINGTON, DC – U.S. Senator Jack Reed (D-RI) today released the following statement on the death of former chief executive officer and chairman of Hasbro and noted philanthropist, Alan G. Hassenfeld, 76:

    “Alan Hassenfeld leaves behind a rich legacy as a successful businessman and a man deeply devoted to improving lives and communities across Rhode Island and the world.  

    “Through Alan’s longtime, dutiful leadership of the company his family started in 1923, he brought joy into the lives of millions with Hasbro toys and brightened communities through the Hassenfeld family’s philanthropic efforts.

    “Not only did Alan help put smiles on kids’ faces, his charitable work reached countless families and helped establish cherished institutions like Hasbro Children’s Hospital and the Hassenfeld Child Health Innovation Institute, touching lives and transforming children’s health across our state and region.

    “My thoughts are with the entire Hassenfeld family and his friends and former colleagues at Hasbro who are mourning Alan’s loss today.”

    MIL OSI USA News –

    July 11, 2025
  • MIL-OSI USA: Booker, Warren, DeLauro, Lawmakers Renew Push For FTC Action to Prevent Corporations From Using Trump’s Chaotic Tariffs as Cover to Price Gouge Americans

    US Senate News:

    Source: United States Senator for New Jersey Cory Booker
    WASHINGTON, D.C. – U.S. Senators Cory Booker (D-NJ), Elizabeth Warren (D-MA), Ruben Gallego (D-AZ), Sheldon Whitehouse (D-RI), and U.S. Representative Rosa DeLauro (D-CT) led a letter to Andrew Ferguson, Chair of the Federal Trade Commission (FTC), urging the agency to investigate tariff-enabled corporate price gouging which is raising costs for American families, and to use its full authority to prevent these unfair and deceptive corporate actions.
    The lawmakers previously wrote to the FTC warning that large companies could take advantage of the Trump Administration’s chaotic tariff strategy to price gouge consumers. The letter noted that the on-again, off-again tariff confusion and uncertainty has created a cover for large corporations to raise prices on all goods, regardless of whether they are actually subject to new tariffs, and to increase prices above and beyond what is necessary to cover any additional costs. Chair Ferguson did not respond to the lawmakers’ letter and has yet to take discernible action to prevent tariff-related price gouging, despite his own warning that President Trump’s tariffs “should not be interpreted as a green light for price fixing or any other unlawful behavior.”
    In June 2025, the Federal Reserve Bank of New York released new survey results showing that “a significant share” of companies raised prices of goods and services that are not subject to tariffs, confirming that businesses were indeed “taking advantage of an escalating pricing environment to increase prices.”
    Anecdotes from the Federal Reserve illustrate that tariff-enabled price gouging is already a significant and legitimate concern:
    A heavy construction equipment supplier “raised prices on goods unaffected by tariffs to enjoy the extra margin.” 
    A contact at the Federal Reserve Bank of San Francisco “observed that price increases that had been implemented in anticipation of certain tariffs were not rolled back once those tariffs were removed.”
    The President of the Federal Reserve Bank of Cleveland said she heard of firms “raising prices even though they aren’t affected by tariffs because competitors who do face higher import taxes are raising prices.”  
    “This Administration’s reckless approach is spiking costs for small businesses and creating opportunities for billion-dollar companies to grow their profits and take advantage of consumers,” wrote the lawmakers. “The FTC should be utilizing its full authority to prevent these unfair practices.”
    The lawmakers concluded the letter by urging the FTC to use its 6(b) authority to investigate any tariff-enabled price gouging and to issue a report on its findings.
    The letter is cosigned by U.S. Senators Jeff Merkley (D-OR), Richard Blumenthal (D-CT), and Jacky Rosen (D-NV), and U.S. Representatives Becca Balint (D-VT), Chris Deluzio (D-PA), John Garamendi (D-CA), Pramila Jayapal (D-WA), James P. McGovern (D-MA), Jerrold Nadler (D-NY), Alexandria Ocasio-Cortez (D-NY), and Mark Pocan (D-WI).
    To read the full text of the letter, click here.

    MIL OSI USA News –

    July 11, 2025
  • MIL-OSI USA: Kaine Statement on Virginia’s Slip in ‘Top States for Business’ Ranking

    US Senate News:

    Source: United States Senator for Virginia Tim Kaine

    WASHINGTON, D.C.—Today, U.S. Senator Tim Kaine released the following statement after Virginia fell behind North Carolina, Texas, and Florida in the CNBC’s Top States for Business report for 2025: 

    “Virginia’s slip in CNBC’s Top States for Business ranking once again highlights that the chaos and uncertainty caused by President Trump’s tariffs, the slashing of federal funding, and the politicizing and hollowing out of the federal workforce are gut punches to Virginia’s economy. While I’m glad to see Virginia ranked first in the education category, I worry we won’t hang on to it for long if Trump keeps meddling in our universities. I will continue to do everything I can to protect Virginia’s economy and schools from this disastrous administration.”

    Virginia ranked first on CNBC’s list multiple times while Kaine was governor, including during the list’s first-ever release in 2007.  

    MIL OSI USA News –

    July 11, 2025
  • MIL-OSI Canada: Major milestone for Indigenous-led innovation

    The Aboriginal Business Investment Fund (ABIF) helps Indigenous community-owned businesses thrive by supporting the purchase or upgrade of the equipment and infrastructure needed to create more jobs and continue contributing to sustainable, thriving communities.

    Alexander Chemical received a $400,000 ABIF grant in 2024, which helped turn its vision for growth into reality. With support from ABIF, this cutting-edge business is increasing its capacity to produce high-quality diesel exhaust fluid, which reduces harmful nitrogen oxide emissions in diesel engines. This expansion marks a major milestone in Indigenous-led clean technology and economic development.

    “This investment is what economic reconciliation looks like. Alexander Chemical is creating jobs and new revenue streams for the community of Alexander First Nation while leading the way in clean technology. It shows what’s possible when Indigenous communities have access to capital, partnerships and opportunity.”

    Rajan Sawhney, Minister of Indigenous Relations

    “On behalf of Alexander First Nation leadership and membership, we are beyond proud of Alexander Chemical and the expansion of its facilities. We would also like to thank Alberta’s government for its contributions through ABIF to help support this major milestone. This venture will be a vital part of the success of all parties involved, Alexander Chemical, Alexander Business Centre LP and Alexander First Nation. The economic impact this will have for our Nation is immeasurable and will be felt for generations to come. Mother Earth provides us many things we rely on daily, and we are grateful to Alexander Chemical for its commitment to finding solutions to protect the environment. Hiy Hiy.”

    George Arcand Jr, Chief, Alexander First Nation

    Alexander Chemical’s advanced equipment, capacity and expertise in high-end chemical testing and production are unique among Indigenous-owned businesses in Canada. In addition to diesel exhaust fluid, Alexander Chemical produces a wide range of environmentally friendly and sustainable cleaning, disinfecting and life science products, serving clients across multiple industries.

    Since 2014, ABIF has supported more than 100 Indigenous businesses, helping create nearly 1,000 jobs for Indigenous people in Alberta. Alberta’s government doubled ABIF funding in recent years, with $10 million available annually. Grants of up to $750,000 are available and applications are open until Oct. 15, 2025.

    With a suite of programs and initiatives focused on economic development, ABIF offers more options than ever before for Indigenous communities, businesses and organizations to find support as they develop and grow.

    Quick facts

    • Alexander First Nation is located about 60 km northwest of Edmonton.
    • Alexander Business Corporation is the Nation’s economic development branch, which owns and operates several companies across Alberta and in the community of Alexander First Nation.

    Related information

    • Aboriginal Business Investment Fund
    • Alexander Chemical

    Related news

    • Supporting Indigenous business development (Mar 21, 2025)

    MIL OSI Canada News –

    July 11, 2025
  • MIL-OSI: OTSAW Announces Official Empanelment as Certified System Integrator for Singapore’s RoMi H Robotics Middleware Framework

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, July 10, 2025 (GLOBE NEWSWIRE) — Otsaw Limited (“OTSAW” the “Company”, “we”, “our”) a global developer of autonomous robotics and operations-technology healthcare solutions, announces its official empanelment as a Certified System Integrator (“SI”) under the Robotics Middleware Framework for Healthcare (“RoMi‑H”) Empanelment Program 2025, effective 1 May 2025.

    RoMi‑H, regionally known as “Robotics Middleware for Healthcare”, is the national interoperability standard that enables diverse robotic platforms to communicate seamlessly with one another within building infrastructure (e.g., elevators, automated doors), and hospital IT systems such as within Singapore’s Public Healthcare Institutions (“PHIs”). OTSAW’s SI certification allows the Company to participate directly in upcoming RoMi‑H–compliant projects, reinforcing its goal to become a leader in smart‑hospital automation.

    “In a future where hospitals rely on a mosaic of robotic platforms, we believe middleware like RoMi‑H is essential for enabling them to work together safely and efficiently,” said Mr Ling Ting Ming, Founder and CEO of OTSAW. “Our empanelment affirms OTSAW’s role as a trusted partner in delivering interoperable robotics solutions that are expected to benefit both healthcare professionals and patients, and the SI certifications aligns well with our growth strategy as we prepare for our next phase of capital formation.”

    We believe this SI accreditation delivers a compelling set of strategic advantages for OTSAW and its stakeholders because. This certification serves as a national-level validation of the Company’s technical rigor and system integration expertise under a multi-agency framework recognized globally as a benchmark for healthcare robotics interoperability. The SI accreditation is also expected to unlock access to new robotics deployment opportunities across Singapore’s public healthcare institutions—regarded by some as among the most advanced hospital networks in Asia. The certification is expected to support long-term revenue generation through OTSAW’s integrated operational technology model, which combines hardware solutions with ongoing managed services. Furthermore, successful deployments within this highly regulated environment are expected to provide a high-credibility reference site, which should strengthen OTSAW’s positioning with international health systems seeking to adopt similar smart hospital technologies.

    Analysts project the global healthcare robotics market to exceed US $20 billion by 2030, driven by increasing demand for middleware solutions that ensure safe coordination among multi‑vendor fleets (Source: Fortune Business Insights, “Healthcare Robotics Market Forecast,” 2024). We believe RoMi‑H directly addresses this interoperability gap, having already earned international recognition, including a Global Robotics Innovation Award in 2021.

    OTSAW brings a decade‑long operating history to the healthcare sector, with robotic deployments in many of Singapore’s government hospitals. Our comprehensive operational technology model offering combines autonomous robots, AI‑driven fleet management, and 24/7 field support—capabilities that we believe readily translate to logistics, security, and inspection use cases beyond healthcare.

    About OTSAW

    We are a Singapore-based company specializing in autonomous mobile robots (“AMRs”) and robotics solutions, with cutting-edge robotics software development and manufacturing capabilities. Founded in 2015, we are an innovator in advanced robotics autonomy technologies and next-generation artificial intelligence (“AI”). Our mission is to disrupt, revolutionize, and redefine the global facilities management industry with our AI-enabled AMRs and robotics solutions across security, disinfection, last-mile delivery, and healthcare facilities.

    Leveraging our core software technologies, robot and machine outdoor autonomy expertise, and AI-enabled AMRs, our products empower customers to enhance productivity, reduce reliance on human capital, and seamlessly integrate automation into their facilities management operations. By addressing labor shortages, rising wages, and labor cost challenges, we aim to empower the entire facilities management industry globally.

    Forward-Looking Statements

    The statements contained in this press release that are not historical facts, including statements relating to Otsaw Limited’s expectations regarding the commencement and completion of its proposed public offering and listing, are forward-looking statements. You can identify forward-looking statements because they contain words such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “intends,” “plans,” “estimates,” or “anticipates,” or similar expressions which concern our strategy, plans, or intentions. By their nature, forward-looking statements are not statements of historical fact or guarantees of future performance and are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify. Our expectations and beliefs are expressed in good faith, and we believe there is a reasonable basis for them. However, there can be no assurance that management’s expectations and beliefs will result or be achieved, and actual results may vary materially from what is expressed in or indicated by the forward-looking statements. Any forward-looking statement in this press release speaks only as of the date of this release. Otsaw Limited undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.

    Contact:
    Jules Abraham
    CORE IR
    +1 (212) 655-0924

    The MIL Network –

    July 11, 2025
  • MIL-OSI: Oak Valley Community Bank Receives Approval on Over $5.3 Million in Grants Submitted to Support Modesto Gospel Mission and Tuolumne Economic Development Authority

    Source: GlobeNewswire (MIL-OSI)

    OAKDALE, Calif., July 10, 2025 (GLOBE NEWSWIRE) — Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), announced they have received approval on three 2025 Affordable Housing Program (AHP) grants which were submitted to the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) on behalf of Modesto Gospel Mission for a total of $3.75 million and Tuolumne Economic Development Authority (TEDA) for $1.596 million.

    These projects will bring meaningful and lasting impact to communities in Stanislaus and Tuolumne counties by expanding access to stable, supportive housing for vulnerable populations. Grace Place, sponsored by Modesto Gospel Mission, will renovate an existing shelter facility in Modesto to provide 67 transitional housing units, paired with essential wraparound services such as onsite case management, life skills training, job coaching, and recovery support. Hannah’s House, also by Modesto Gospel Mission, will convert a warehouse into 50 units of transitional housing, with residents gaining access to the Mission’s proven programs focused on personal empowerment and long-term independence.

    In Tuolumne County, the Westside Subdivision, sponsored by the Tuolumne Economic Development Authority (TEDA), will deliver 30 new single-family homes to serve very low- to moderate-income households, including six homes reserved for those experiencing homelessness. The development will also feature an 1,800-square-foot community center offering resident services such as job training and educational programs, along with recreational amenities like a basketball court and playground.

    As a sponsor of FHLBank San Francisco’s Community Investment Programs and advocate for the services Modesto Gospel Mission and Tuolumne Economic Development Authority provide to our community, Oak Valley Community Bank authored and provided supplemental input for this grant. “At Oak Valley Community Bank, we believe real change starts at the community level,” said Jose Sabala, VP Community Reinvestment Officer. “These grants are the result of strong partnerships with organizations rooted in compassion and service. Together with Modesto Gospel Mission and TEDA, we are investing in safe housing, supportive services, and brighter futures for our neighbors. This is what community banking is all about — showing up, working together, and making a lasting difference where it’s critically needed.”

    “We continue to make meaningful investments to address the affordable housing crisis across Arizona, California, and Nevada,” said Joseph E. Amato, interim president and CEO of FHLBank San Francisco. “This funding, delivered in partnership with our local member financial institutions, supports housing affordability solutions in urban centers, rural areas, tribal lands, and communities in need. We are helping to expand the housing supply and deliver critical support services to individuals and families who need it most.”

    Affordable Housing Program (AHP) grants from FHLBank San Francisco support the development of housing solutions for low- and moderate-income individuals across Arizona, California, Nevada, and other areas served by member financial institutions like Oak Valley Community Bank. In 2025, a total of $49.7 million in AHP grants were awarded to 31 affordable housing projects in Arizona, California, and Nevada, selected through a competitive application process. Grants are awarded to member institutions in partnership with qualified housing developers and community organizations to advance initiatives that address urgent housing needs. The AHP includes both a General Fund and a Nevada Targeted Fund, with awards granted to top-ranking proposals based on financial feasibility, project readiness, and impact on affordability. All AHP-supported projects are required to meet rigorous income eligibility and long-term retention standards, ensuring lasting access to affordable rental and owner-occupied housing. More information, including application guidelines and award criteria, is available on the FHLBank San Francisco website.

    About Modesto Gospel Mission:

    Modesto Gospel Mission is a 501(c)(3) non-profit organization serving individuals and families experiencing homelessness and hardship throughout Stanislaus County. Since its founding in 1948, the Mission has delivered a comprehensive range of programs designed to support physical, emotional, and personal recovery. Key services include daily access to shelter, meals, showers, and clothing, as well as addiction recovery programs, life skill classes, employment assistance and training, a day program, a medical clinic, and an after-school youth center. These programs are intended to provide both immediate relief and long-term pathways to self-sufficiency. For more information, call (209) 529-8259 or visit www.mymission.org.

    About Tuolumne Economic Development Authority (TEDA):

    The Tuolumne Economic Development Authority, Inc. (TEDA) is a federally chartered tribal corporation established under Section 17 of the Indian Recognition Act of 1934. TEDA operates as a component unit of the Tuolumne Band of Me-Wuk Indians and is governed by the Tuolumne Me-Wuk Tribal Community Council. Created to advance the Tribe’s long-term economic vision, TEDA is responsible for financing, developing, constructing, operating, and maintaining economic development projects that support sustainable growth and economic self-sufficiency for the Tribal community. TEDA plays a central role in managing and expanding enterprise initiatives that strengthen the Tribe’s overall economic infrastructure. For more information, call (209) 928-9391 or visit tedainc.com.

    About Oak Valley Community Bank:

    Oak Valley Bancorp operates Oak Valley Community Bank & their Eastern Sierra Community Bank division, through which it offers a variety of loan and deposit products to individuals and small businesses. They currently operate through 18 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, two branches in Sonora, three branches in Modesto, and three branches in their Eastern Sierra division, which includes Bridgeport, Mammoth Lakes, and Bishop. The company will open its 19th branch location later this year in Lodi. For more information, call 1-866-844-7500 or visit www.ovcb.com.

    About the Federal Home Loan Bank of San Francisco:

    The Federal Home Loan Bank of San Francisco is a member-driven cooperative helping local lenders in Arizona, California, and Nevada build strong communities, create opportunity, and change lives for the better. The tools and resources provided to FHLB member financial institutions propel homeownership, finance quality affordable housing, boost economic vitality, and revitalize whole neighborhoods. FHLBank San Francisco, together with its members and other partners, are making the communities they serve more vibrant and resilient and changing lives for the better.

    Contact: Chris Courtney/Rick McCarty
    Phone: (209) 848-BANK (2265)
      Toll Free (866) 844–7500
      www.ovcb.com

    The MIL Network –

    July 11, 2025
  • MIL-OSI USA: Following Paramount’s $16 Million Settlement with Trump, Senators Markey and Luján Urge FCC to Hold Full Commission Vote on Paramount Merger

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey
    Senators send letter to Commissioner Olivia Trusty urging her to support a full Commission vote on the merger
    Letter Text (PDF)
    Washington (July 10, 2025) – Senators Edward J. Markey (D-Mass.) and Ben Ray Luján (D-N.M.), members of the Committee on Commerce, Science, and Transportation, today wrote to Federal Communications Commission (FCC) Commissioner Olivia Trusty, urging the FCC to hold a full Commission vote on the pending Paramount Global and Skydance Media merger. On July 2, Paramount Global, the parent company of CBS, agreed to pay $16 million to settle a frivolous lawsuit brought by President Donald Trump. In May 2025, as Paramount was reportedly pushing for the settlement to help facilitate approval of its merger, Senators Markey and Luján wrote to FCC Chairman Brendan Carr requesting that the FCC hold a full Committee vote on the Paramount-Skydance merger.
    In the letter, the lawmakers wrote, “As we explained in a letter to Chairman Brendan Carr in May, the Paramount-Skydance merger is unique in the FCC’s storied history, with the sitting President actively litigating against a news organization whose parent is seeking FCC approval of a major media merger. In that baseless lawsuit, Trump falsely alleged that CBS had violated state consumer protection laws through its editorial decisions around an interview of then-Vice President Kamala Harris. Although the transcript of the interview indisputably showed that Trump’s claims were a flagrant attempt to intimate the media, Paramount has nevertheless agreed to settle that lawsuit for $16 million. This settlement casts a shadow over the proposed Paramount-Skydance merger and raises serious questions about the editorial independence of one of the nation’s largest media organizations. The Commission cannot turn a blind eye to this context.”
    The lawmakers conclude, “For that reason, in our May letter, we urged Chairman Carr to hold a vote on the merger by the full Commission, instead of unilaterally directing the Media Bureau to approve it on its delegated authority. Commissioner Anna Gomez has similarly called for a full Commission vote on the merger. We respectfully request you to join her and encourage Chairman Carr to schedule a full Commission vote. The FCC owes the public a transparent, deliberative process on such a high-profile and controversial issue.”
    Senator Markey has aggressively pushed back on the Trump administration’s efforts to attack news organizations and intimidate the media. In March 2025, Senators Markey and Luján, along with Senator Jacky Rosen (D-Nev.), introduced the Broadcast Freedom and Independence Act, legislation that would prohibit the FCC from revoking broadcast licenses or taking action against broadcasters based on the viewpoints they broadcast. In February 2025, Senators Markey and Luján, along with Senator Gary Peters (D-Mich.), wrote to Chairman Carr and then-Commissioner Nathan Simington regarding the FCC’s recent, politically motivated actions against broadcasters and public media.

    MIL OSI USA News –

    July 11, 2025
  • MIL-OSI Submissions: Justice Department efforts to strip citizenship from naturalized Americans likely violate constitutional rights

    Source: The Conversation – USA – By Cassandra Burke Robertson, Professor of Law and Director of the Center for Professional Ethics, Case Western Reserve University

    New American citizens recite the Oath of Allegiance during a naturalization ceremony in Miami on Aug. 17, 2018. AP Photo/Wilfredo Lee

    The Trump administration wants to take away citizenship from naturalized Americans on a massive scale.

    While a recent Justice Department memo prioritizes national security cases, it directs the department to “maximally pursue denaturalization proceedings in all cases permitted by law and supported by the evidence” across 10 broad priority categories.

    Denaturalization is different from deportation, which removes noncitizens from the country. With civil denaturalization, the government files a lawsuit to strip people’s U.S. citizenship after they have become citizens, turning them back into noncitizens who can then be deported.

    The government can only do this in specific situations. It must prove someone “illegally procured” citizenship by not meeting the requirements, or that they lied or hid important facts during the citizenship process.

    The Trump administration’s “maximal enforcement” approach means pursuing any case where evidence might support taking away citizenship, regardless of priority level or strength of evidence. As our earlier research documented, this has already led to cases like that of Baljinder Singh, whose citizenship was revoked based on a name discrepancy that could easily have resulted from a translator’s error rather than intentional fraud.

    A brief history

    For most of American history, taking away citizenship has been rare. But it increased dramatically during the 1940s and 1950s during the Red Scare period characterized by intense suspicion of communism. The United States government targeted people it thought were communists or Nazi supporters. Between 1907 and 1967, over 22,000 Americans lost their citizenship this way.

    Everything changed in 1967 when the Supreme Court decided Afroyim v. Rusk. The court said the government usually cannot take away citizenship without the person’s consent. It left open only cases involving fraud during the citizenship process.

    After this decision, denaturalization became extremely rare. From 1968 to 2013, fewer than 150 people lost their citizenship, mostly war criminals who had hidden their past.

    Sen. Joseph McCarthy appears at a March 1950 hearing on his charges of communist infiltration at the State Department.
    AP Photo/Herbert K. White

    How the process works

    In criminal lawsuits, defendants get free lawyers if they can’t afford one. They get jury trials. The government must prove guilt “beyond a reasonable doubt” – the highest standard of proof.

    But in most denaturalization cases, the government files a civil suit, where none of these protections exist.

    People facing denaturalization get no free lawyer, meaning poor defendants often face the government alone. There’s no jury trial – just a judge deciding whether someone deserves to remain American. The burden of proof is lower – “clear and convincing evidence” instead of “beyond a reasonable doubt.” Most important, there’s no time limit, so the government can go back decades to build cases.

    As law professors who study citizenship, we believe this system violates basic constitutional rights.

    The Supreme Court has called citizenship a fundamental right. Chief Justice Earl Warren in 1958 described it as the “right to have rights.”

    In our reading of the law, taking away such a fundamental right through civil procedures that lack basic constitutional protection – no right to counsel for those who can’t afford it, no jury trial, and a lower burden of proof – seems to violate the due process of law required by the Constitution when the government seeks to deprive someone of their rights.

    The bigger problem is what citizenship-stripping policy does to democracy.

    When the government can strip citizenship from naturalized Americans for decades-old conduct through civil procedures with minimal due process protection – pursuing cases based on evidence that might not meet criminal standards – it undermines the security and permanence that citizenship is supposed to provide. This creates a system where naturalized citizens face ongoing vulnerability that can last their entire lives, potentially chilling their full participation in American democracy.

    The Justice Department memo establishes 10 priority categories for denaturalization cases. They range from national security threats and war crimes to various forms of fraud, financial crimes and, most importantly, any other cases it deems “sufficiently important to pursue.” This “maximal enforcement” approach means pursuing not just clear cases of fraud, but also any case where evidence might support taking away citizenship, no matter how weak or old the evidence is.

    This creates fear throughout immigrant communities.

    About 20 million naturalized Americans now must worry that any mistake in their decades-old immigration paperwork could cost them their citizenship.

    A two-tier system

    This policy effectively creates two different types of American citizens. Native-born Americans never have to worry about losing their citizenship, no matter what they do. But naturalized Americans face ongoing vulnerability that can last their entire lives.

    This has already happened. A woman who became a naturalized citizen in 2007 helped her boss with paperwork that was later used in fraud. She cooperated with the FBI investigation, was characterized by prosecutors as only a “minimal participant,” completed her sentence, and still faced losing her citizenship decades later because she didn’t report the crime on her citizenship application – even though she hadn’t been charged at the time.

    A woman receives a U.S. flag after passing her citizenship interview in Newark, N.J., on May 25, 2016.
    AP Photo/Julio Cortez

    The Justice Department’s directive to “maximally pursue” cases across 10 broad categories – combined with the first Trump administration’s efforts to review over 700,000 naturalization files – represents an unprecedented expansion of denaturalization efforts.

    The policy will almost certainly face legal challenges on constitutional grounds, but the damage may already be done. When naturalized citizens fear their status could be revoked, it undermines the security and permanence that citizenship is supposed to provide.

    The Supreme Court, in Afroyim v. Rusk, was focused on protecting existing citizens from losing their citizenship. The constitutional principle behind that decision – that citizenship is a fundamental right which can’t be arbitrarily taken away by whoever happens to be in power – applies equally to how the government handles denaturalization cases today.

    The Trump administration’s directive, combined with court procedures that lack basic constitutional protections, risks creating a system that the Afroyim v. Rusk decision sought to prevent – one where, as the Supreme Court said, “A group of citizens temporarily in office can deprive another group of citizens of their citizenship.”

    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. Justice Department efforts to strip citizenship from naturalized Americans likely violate constitutional rights – https://theconversation.com/justice-department-efforts-to-strip-citizenship-from-naturalized-americans-likely-violate-constitutional-rights-260353

    MIL OSI –

    July 11, 2025
  • MIL-OSI: Origin Bancorp, Inc. Announces Second Quarter 2025 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    RUSTON, La., July 10, 2025 (GLOBE NEWSWIRE) — Origin Bancorp, Inc. (NYSE: OBK) (“Origin”), the financial holding company for Origin Bank, plans to issue second quarter 2025 results after the market closes on Wednesday, July 23, 2025, and hold a conference call to discuss such results on Thursday, July 24, 2025, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). The conference call will be hosted by Drake Mills, Chairman, President and CEO of Origin, William J. Wallace, IV, Chief Financial Officer of Origin, and Lance Hall, President and CEO of Origin Bank.

    Conference Call and Live Webcast

    To participate in the live conference call, please dial +1 (929) 272-1574 (U.S. Local / International 1); +1 (857) 999-3259 (U.S. Local / International 2); +1 (888) 700-7550 (U.S. Toll Free), enter Conference ID: 05905 and request to be joined into the Origin Bancorp, Inc. (OBK) call. A simultaneous audio-only webcast may be accessed via Origin’s website at www.origin.bank under the investor relations, News & Events, Events & Presentations link or directly by visiting https://dealroadshow.com/e/ORIGINQ2.

    Conference Call Webcast Archive

    If you are unable to participate during the live webcast, the webcast will be archived on the Investor Relations section of Origin’s website at www.origin.bank, under Investor Relations, News & Events, Events & Presentations.

    About Origin Bancorp, Inc.

    Origin Bancorp, Inc. is a financial holding company headquartered in Ruston, Louisiana. Origin’s wholly owned bank subsidiary, Origin Bank, was founded in 1912 in Choudrant, Louisiana. Deeply rooted in Origin’s history is a culture committed to providing personalized relationship banking to businesses, municipalities, and personal clients to enrich the lives of the people in the communities it serves. Origin provides a broad range of financial services and currently operates more than 55 locations in Dallas/Fort Worth, East Texas, Houston, North Louisiana, Mississippi, South Alabama and the Florida Panhandle. For more information, visit www.origin.bank.

    Contact Information
    Investor Relations
    Chris Reigelman
    318-497-3177
    chris@origin.bank

    Media Contact
    Ryan Kilpatrick
    318-232-7472
    rkilpatrick@origin.bank

    The MIL Network –

    July 11, 2025
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