Category: Business

  • MIL-OSI USA: The United States and Partners Mobilize $517 Million to Support Democratic Openings Around the World

    Source: USAID

    Today, USAID Administrator Samantha Power, in partnership with the Ford Foundation, convened bilateral partners, democratic reformist government leaders, philanthropic partners, and civil society to collectively announce over $517 million to support countries experiencing democratic openings globally.

    On the sidelines of the United Nations General Assembly, the U.S. government deepened its commitment to supporting democratic “bright spots” by working with Congress to announce over $73 million towards USAID’s Democracy Delivers Initiative. Administrator Power also announced that Guatemala will join the Initiative, following Fiji’s entry in June, as both countries experience historic windows of democratic opportunity. With this announcement, the Democracy Delivers Initiative now supports Armenia, Dominican Republic, Ecuador, Fiji, Guatemala, Malawi, Maldives, Moldova, Nepal, Tanzania, and Zambia. Leaders from these countries joined the event to highlight their countries’ democratic progress and to welcome new investments and collaborations furthering democratic resilience.

    As part of the U.S. commitment, the U.S. International Development Finance Corporation (DFC) announced over $348 million in newly committed transactions in Moldova, Tanzania, and Zambia, bringing their total investment to over $2.38 billion for projects in Democracy Delivers countries since 2022. The Inter-American Foundation also announced $3.3 million in new investments in the Dominican Republic, Ecuador, and Guatemala.

    Administrator Power announced that like-minded partners – including Australia, Canada, Denmark, Estonia, Finland, Germany, Ireland, New Zealand, Norway, Spain, Sweden, Switzerland, and the United Kingdom – jointly committed to supporting democratic openings throughout their development and diplomatic agendas and to bolstering information resilience. 

    Expanding the Democracy Delivers Commitment to Action launched at UNGA in 2023, philanthropic partners announced new commitments totaling up to $92.4 million to support Democracy Delivers countries and objectives. As an anchor partner and host for the 2024 event, Ford Foundation announced $8 million to support democratic opportunity, including in Guatemala. The following foundations also made commitments: The Rockefeller Foundation, Chandler Foundation, Focus Central America, Hilton Foundation, Luis von Ahn Foundation, Rockefeller Brothers Fund, Skoll Foundation, Tinker Foundation, Vodafone Foundation, and WINGS.

    Secretary of State Antony Blinken and Administrator Power launched the Democracy Delivers Initiative in 2022 to bring together a multi-stakeholder coalition of partners and surge resources to countries undergoing moments of democratic renewal to help deliver tangible, lasting progress for citizens. By prioritizing responsiveness to citizen needs and enhancing transparency and accountability, these commitments will strengthen government reform efforts and facilitate improvements to public services. 

    Continuing the momentum of the Summit for Democracy process and building upon previous Democracy Delivers events, the gathering underscored the United States’ continued commitment to convening the world’s democracies in order to galvanize sustained collective action and ensure that democracy delivers opportunity and dignity for all.

    We encourage all organizations to join us.

    MIL OSI USA News

  • MIL-OSI USA: Administrator Samantha Power at the Democracy Delivers Event

    Source: USAID

    ADMINISTRATOR SAMANTHA POWER: Thank you. It is wonderful to be here with so many friends and co-conspirators and people who stand for dignity and democracy every day. I feel incredibly privileged, honestly, to be a part of this initiative. 

    I could have no better partner in Darren Walker, our incomparable anchor partner in the Democracy Delivers Initiative – the co-host for the second year in a row. Some of you know that Darren will be departing from his leadership role at Ford [Foundation]. None of us can imagine the thought of him not performing this role. He is such a giant in supporting civil society, in supporting human dignity, individual dignity around the world. But, we were thrilled, Darren, to think of what you will do next and the difference you will make in whatever walk of life you pursue. You are a walking catalyst for change, and we feel incredibly grateful to you and to the Ford Foundation for all that you do everyday. So, thank you. 

    Thanks to everybody here who’s joining, as well as all of those online. This is a club that we wish more people wanted to be a member of – a gathering of nations who are pursuing really tough political reforms and who are doing so in the face of even tougher economic headwinds often.

    Two years ago, we first brought this group together amidst a wave of very familiar pessimism, talk of authoritarians emboldened, and democracies under attack. And, honestly, in looking back, too often this pessimism over recent years has overshadowed the bright spots of democratic progress springing up in many places around the world. And, they will always spring up because citizens will never relent when their dignity is denied and when they lack agency over their futures. So, we have seen it: citizens standing up, demanding change, and electing leaders who they were trusting to deliver on that promise. 

    Of course, if we did not focus on these movements – as I think traditionally, we really had not sufficiently – we weren’t focusing on them as movements and as reform engines. Then, it was also very unlikely we were going to focus our support on them in an intentional way. And, that, as we have seen, is a critical mistake. Because often democratic reformers come into office facing really, really significant challenges: entrenched corruption, weak institutions, often debt burdens that prevent them from making the investments that their people need and that their people expect. For reformers to have a fighting chance of delivering on the change that their people demand, they need allies. And, that is fundamentally what this network is about. 

    So, Secretary [Antony] Blinken and I, on behalf of President [Joe] Biden, launched the Democracy Delivers Initiative to help provide the support these reformers need. Secretary Blinken today, unfortunately, just got pulled into an urgent obligation with President Biden and is sorry to be missing us today. But, he – and we – take note of the fact that since 2022, in the short time this Democracy Delivers Initiative has been underway, USAID alone has increased our funding for the original cohort of nine Democracy Delivers countries by over $300 million. That is an increase of over 38 percent.

    At the same time, we knew all along that the true power of this initiative would be bringing others on board to surge support to these democratic bright spots as well. Because the beauty of democratic progress is that it creates opportunity for all. So, at this event, back in 2022, we rallied companies to invest in countries experiencing democratic openings, knowing that improvements in the rule of law, increased transparency, and unleashed innovation make democracies ideal places for private investment.  

    At this event, then a year later and a year ago, in 2023, we rallied philanthropies, many represented here today, to focus their giving, their investments in these places as well, knowing that democratic openings create opportunities to drive change that endures – in partnership with leaders who are not standing in the way of progress they see as somehow threatening, but instead championing and seeking to scale good ideas. 

    This year, the third of these meetings, we are pleased to be joined by other bilateral government partners who, like us, see the opportunity that democratic openings create and are committed to supporting them in their own foreign policy and in their own assistance. I am pleased to announce that today we are releasing a joint statement endorsed by 12 countries so far: Australia, Estonia, Canada, Denmark, Germany, Ireland, Finland, New Zealand, Sweden, Switzerland, Spain, and the United Kingdom. Most of these partners are here with us today, committing all of us in this statement to elevating attention to democratic renewal around the world, and committing to look at the ways in which they can increase support across sectors as we work together to make these openings not just moments but movements. 

    This approach is particularly important now as we continue to see new, promising democratic bright spots emerge. 

    And so, just this past June, we welcomed Fiji to the Democracy Delivers Initiative, following on the heels of the first peaceful transfer of power in Fiji’s history which occurred nearly two years ago. And, today, I’m thrilled as well now to announce that Guatemala will be the newest country joining the cohort. 

    Earlier this year, I traveled to Guatemala for the inauguration of President [Bernardo] Arévalo who’s joining us here today. The anti-democratic forces who had been working for months to prevent the president-elect from taking power tried every procedural maneuver that they could to deny the will of the Guatemalan people, delaying the inauguration for nearly ten hours – was it ten hours? But who was counting? And casting into doubt – genuinely casting into doubt – the peaceful transfer of power. But, the people of Guatemala insisted that their will be respected, and they prevailed. After midnight, technically, the day after the inauguration was supposed to occur, President Arévalo finally took the oath of office to an electric crowd chanting, “sí se pudo” – yes, we did.

    Now, as president Arévalo attempts to overcome those same undemocratic forces to deliver on the change that he promised, many of our partners are already surging support. Just to name a few – and you’ll get to hear from others later on – the Inter-American Foundation is helping Guatemala invest in providing the economic opportunities and security that citizens need to build their futures at home. The Tinker Foundation is investing in Guatemala’s education system. The Rockefeller Brothers Fund and Focus Central America are each investing in Guatemalan civil society organizations advancing democracy and justice. 

    Today, we are going to hear from President Arévalo and other leaders who are taking on extraordinary odds to deliver change for their people. And, we are going to hear commitments that partners around the world are making to support this progress. We have many partners with us. So, to make sure we stay on time and can hear from everyone, our timekeeper, Jacob, will help us stay on track – including helping me stay on track. 

    And, to kick us off, I am pleased to announce that USAID will commit an additional $73 million to support democratic development in Democracy Delivers partner countries. This is on top of our programming that we are doing across sectors that many of you are familiar with. But, this new funding is going to support priorities like energy security in Armenia; job growth in Guatemala and Tanzania; public service delivery in Ecuador, Malawi, and Zambia; and democratic governance and anti-corruption efforts in the Dominican Republic, the Maldives, Moldova, and Nepal. And, in recent months, we’ve announced nearly $6 million to support inclusive democratic systems, sustainable local food production, and climate adaptation in Fiji.

    And now, I would like to introduce the President of Fiji, President [Wiliame] Katonivere. Last year, I had the chance, sir, to visit Fiji and to officially establish USAID’s Mission there on the ground. Next week, USAID Deputy Administrator Isabel Coleman, will be leading an interagency delegation to Fiji and other Pacific Islands to continue strengthening our collaboration.

    Let me officially welcome you and the people of Fiji to this Democracy Delivers Initiative. The floor is yours.

    MIL OSI USA News

  • MIL-OSI Economics: Monetary developments in the euro area: August 2024

    Source: European Central Bank

    26 September 2024

    Components of the broad monetary aggregate M3

    The annual growth rate of the broad monetary aggregate M3 increased to 2.9% in August 2024 from 2.3% in July, averaging 2.5% in the three months up to August. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, was -2.1% in August, compared with -3.1% in July. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) decreased to 10.6% in August from 11.4% in July. The annual growth rate of marketable instruments (M3-M2) increased to 22.0% in August from 21.4% in July.

    Chart 1

    Monetary aggregates

    (annual growth rates)

    Data for monetary aggregates

    Looking at the components’ contributions to the annual growth rate of M3, the narrower aggregate M1 contributed -1.4 percentage points (up from -2.1 percentage points in July), short-term deposits other than overnight deposits (M2-M1) contributed 3.0 percentage points (down from 3.2 percentage points) and marketable instruments (M3-M2) contributed 1.3 percentage points (up from 1.2 percentage points).

    Among the holding sectors of deposits in M3, the annual growth rate of deposits placed by households increased to 2.3% in August from 2.1% in July, while the annual growth rate of deposits placed by non-financial corporations stood at 1.8% in August, compared with 1.7% in July. Finally, the annual growth rate of deposits placed by investment funds other than money market funds increased to 11.7% in August from 6.3% in July.

    Counterparts of the broad monetary aggregate M3

    The annual growth rate of M3 in August 2024, as a reflection of changes in the items on the monetary financial institution (MFI) consolidated balance sheet other than M3 (counterparts of M3), can be broken down as follows: net external assets contributed 4.0 percentage points (up from 3.8 percentage points in July), claims on the private sector contributed 1.2 percentage points (up from 0.9 percentage points), claims on general government contributed -0.4 percentage points (as in the previous month), longer-term liabilities contributed -1.8 percentage points (up from -1.9 percentage points), and the remaining counterparts of M3 contributed 0.0 percentage points (up from -0.1 percentage points).

    Chart 2

    Contribution of the M3 counterparts to the annual growth rate of M3

    (percentage points)

    Data for contribution of the M3 counterparts to the annual growth rate of M3

    Claims on euro area residents

    The annual growth rate of total claims on euro area residents increased to 0.6% in August 2024 from 0.3% in the previous month. The annual growth rate of claims on general government stood at -1.1% in August, unchanged from the previous month, while the annual growth rate of claims on the private sector increased to 1.2% in August from 0.9% in July.

    The annual growth rate of adjusted loans to the private sector (i.e. adjusted for loan transfers and notional cash pooling) increased to 1.6% in August from 1.3% in July. Among the borrowing sectors, the annual growth rate of adjusted loans to households stood at 0.6% in August, compared with 0.5% in July, while the annual growth rate of adjusted loans to non-financial corporations increased to 0.8% in August from 0.6% in July.

    Chart 3

    Adjusted loans to the private sector

    (annual growth rates)

    Data for adjusted loans to the private sector

    Notes:

    • Data in this press release are adjusted for seasonal and end-of-month calendar effects, unless stated otherwise.
    • “Private sector” refers to euro area non-MFIs excluding general government.
    • Hyperlinks lead to data that may change with subsequent releases as a result of revisions. Figures shown in annex tables are a snapshot of the data as at the time of the current release.

    MIL OSI Economics

  • MIL-OSI: Key Carbon & Marex Group Announce Carbon Financing and Investment

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia and LONDON, Sept. 26, 2024 (GLOBE NEWSWIRE) — Key Carbon and Marex Group Plc (“Marex”) today announce a partnership whereby Marex will take a minority stake in Key Carbon and provide financing for carefully-sourced offset projects.

    Key Carbon sources and finances carbon credit projects and provides ongoing governance, monitoring and operational support to ensure its projects are held to the highest quality and integrity standards. The funding from Marex will predominantly be used to help finance the production and distribution of low-emission, affordable cookstoves within Africa through the project developer Global Cookstoves, Key Carbon’s joint venture with BURN Manufacturing (“BURN”). To date, Key Carbon has provided US$45 million in funding to Global Cookstoves to expand the roll out of critical projects across eight African countries.

    This partnership will allow Marex to gain access to a wider carbon client base as well as streams of carbon credits, as it seeks to grow its environmental business and support clients as they transition to a low carbon economy.

    Inclusive of this latest funding from Marex, Key Carbon will have funded over 1.5 million biomass-fuelled cookstoves across 8 countries in Africa, improving the lives of an estimated 7.5 million people. These highly efficient cookstoves, along with other projects funded by Key Carbon, are expected to avoid or remove more than 46 million tonnes of carbon dioxide (“CO2”) or CO2 equivalent.

    Luke Leslie, Co-Founder and CEO of Key Carbon, said: “This latest partnership is a powerful endorsement of our approach to investing in the VCM and demonstrates our ongoing ability to attract meaningful funding in a challenging market through our robust approach to sourcing and governance. Partnerships like this will be critical to accelerating climate action and delivering tangible benefits to vulnerable communities.”

    Bastien Declercq, Head of Environmental at Marex, said: “This partnership will allow us to further diversify our emissions offering and give us access to a new range of market participants that we can service through our comprehensive platform. Reliable access to trustworthy sources of carbon credits has held the market back in the last few years. By moving up the value chain we can play a more relevant role for our clients in helping them to transition to a greener future.”

    About Key Carbon

    Founded in 2021, Key Carbon is a permanent capital vehicle, building a large, diversified portfolio of high-integrity carbon credit streams and royalties for corporates and other organisations on their journey to Net Zero. Since incorporation, the Company has financed several critical projects including the planting of 3.75 million trees and the distribution of clean cookstoves to an estimated 7.5 million people across Africa. The company’s mission is to help combat climate change, improve local biodiversity, soil health and water quality, and benefit some of the world’s most vulnerable communities. For further information, please visit our website at http://www.key-carbon.com.

    About Marex
    Marex Group plc (NASDAQ: MRX) is a diversified global financial services platform providing essential liquidity, market access and infrastructure services to clients across energy, commodities and financial markets. The Group provides comprehensive breadth and depth of coverage across four core services: Clearing, Agency and Execution, Market Making and Hedging and Investment Solutions. It has a leading franchise in many major metals, energy and agricultural products, executing around 129 million trades and clearing 856 million contracts in 2023. The Group provides access to the world’s major commodity markets, covering a broad range of clients that include some of the largest commodity producers, consumers and traders, banks, hedge funds and asset managers. Headquartered in London with more than 35 offices worldwide, the Group has over 2,000 employees across Europe, Asia and the Americas. For more information visit http://www.marex.com.

    The MIL Network

  • MIL-OSI: UXLINK Now Listed on the Crypto.com

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Sept. 26, 2024 (GLOBE NEWSWIRE) —  UXLINK is excited to announce that $UXLINK is now officially listed on the Crypto.com App, one of the leading cryptocurrency platforms in the world. Users can now seamlessly purchase $UXLINK with USD, EUR, and over 20 additional fiat currencies, making it easier than ever to trade and invest in this innovative asset.

    With millions of users globally, Crypto.com provides a secure, user-friendly experience for buying, selling, and managing cryptocurrencies. The addition of $UXLINK to the platform enhances accessibility for both new and experienced traders alike.

    Download the Crypto.com App to trade $UXLINK today:
    crypto.onelink.me/ADTi/d39hnmqo

    For more information on this listing, please visit:
    crypto.com/product-news

    Follow us on Twitter for the latest updates:
    @UXLINKofficial

    Overview of UXLINK:

    UXLINK stands at the forefront of Web3 social platforms and infrastructure, offering a comprehensive ecosystem that integrates social networking with blockchain technology. With over 100 ecosystem partners, UXLINK is dedicated to providing innovative solutions that drive user engagement and growth. The introduction of the SLP system underscores UXLINK’s commitment to fostering a vibrant and dynamic community, enhancing the value of $UXLINK tokens, and setting new standards in the social infrastructure space.

    About UXLINK:

    UXLINK is the world’s largest Web3 social platform and infrastructure provider, connecting a wide array of ecosystem partners and users through a seamless and interactive digital experience. By leveraging blockchain technology, UXLINK aims to redefine social networking, ensuring a secure, transparent, and rewarding environment for its global community.

    Contact Details:
    UXLINK Web: https://www.uxlink.io/
    UXLINK Twitter : https://twitter.com/UXLINKofficial
    UXLINK Telegram: https://t.me/uxlinkofficial

    Contact Information:

    UXLINK
    admin@uxlink.io

    Media Contact:
    Rachita Chettri
    MediaX Agency
    contact@mediax.agency

    Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/552cec76-e9fb-40f6-abb6-5c35ac91e7dc

    The MIL Network

  • MIL-OSI: Xtract One Technologies Teams Up with UBS Arena, Home of the NHL’s New York Islanders

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Sept. 26, 2024 (GLOBE NEWSWIRE) — Xtract One Technologies (TSX: XTRA)(OTCQX: XTRAF)(FRA: 0PL) (“Xtract One” or the “Company”), a leading technology-driven threat detection and security solution that prioritizes the patron access experience by leveraging AI, today announced that its SmartGateway screening solution was selected to secure UBS Arena in New York. This contract is enabled through the Company’s partnership with Oak View Group (OVG), a global sports and entertainment company. UBS Arena, an 18,000-seat capacity venue located in New York’s historic Belmont Park, is home to the National Hockey League’s (NHL) New York Islanders.

    Xtract One will provide fast and frictionless fan screening to optimize UBS Arena’s patron experience while bolstering safety and security. The SmartGateway will secure key entrances for sports games, concerts, family shows and other live events held at UBS Arena. Together with Oak View Group, Xtract One is working towards providing high-quality experiences for customers while enhancing the comfortability and safety they feel when attending high capacity events.

    “We are pleased to have been selected by UBS Arena and the New York Islanders to secure their premises, another noteworthy accomplishment after recently achieving DHS certification,” said Peter Evans, CEO of Xtract One. “We are in active communication with many NHL teams and are excited by the rapid increase in interest that the DHS award has helped facilitate. This latest deployment, expected to be completed in the current quarter, perfectly blends the historic backdrop of the venue with our next-generation SmartGateway AI technology. Xtract One’s advanced systems will enhance and strengthen UBS Arena’s mission to provide safe, entertaining events for millions – giving patrons the best time possible. We’re excited to have them as a client and look forward to continue revolutionizing the customer experience.”

    Xtract One’s SmartGateway system leverages AI-powered sensors to detect threats without invading guest privacy and comfort, making the screening process for high throughput venues more efficient without compromising accuracy. The SmartGateway scans patrons for weapons and other prohibited items as they enter the space in a discreet manner, enhancing patron experience by reducing security line wait times while still prioritizing their safety.

    “At UBS Arena, guest experience is always paramount. We want our guests to have a best in class experience every time they walk through our doors,” said Mike Sciortino, General Manager of UBS Arena. “For your safety and the safety of others, our screening process is now frictionless using Xtract One technology. There is no need to remove any items, including small bags and coats. Guests will be able to walk directly through the screening system for an expedited security process.”

    To learn more, visit http://www.xtractone.com.

    About Xtract One
    Xtract One Technologies is a leading technology-driven threat detection and security solution leveraging AI to provide seamless and secure patron access control experiences. The Company makes unobtrusive threat detection systems that enable venue building operators to prioritize and deliver improved patron experiences while providing unprecedented safety. Xtract One’s innovative Gateway product enables companies to covertly screen for weapons at points of entry without disrupting the flow of traffic. Its AI-based software allows venue and building operators to identify weapons and other threats inside and outside of facilities, and receive valuable intelligence for optimizing operations. For more information, visit http://www.xtractone.com or connect on LinkedIn, X, and Facebook.

    About UBS Arena
    UBS Arena is made for music and built for hockey. New York’s newest premier entertainment and sports venue and proud home of the New York Islanders is developed in partnership with Oak View Group, the New York Islanders, and Jeff Wilpon. The state of the art arena has welcomed top artists from around the globe since opening in November 2021 including Billy Joel, Bruce Springsteen, Chris Stapleton, Dua Lipa, Drake, Harry Styles, Marc Anthony and Suga. The venue delivers an unmatched live entertainment experience for guests including clear sightlines and premier acoustics.

    UBS Arena is at the forefront of sustainability, recently achieving Zero Waste TRUE Silver certification in May 2024 in addition to its LEED Green Building Certification and carbon neutrality for operations.

    Located on the historic grounds of Belmont Park, UBS Arena is located just 30 minutes by LIRR from Grand Central or Penn Station and is easily accessible from across the region via mass transit or car. To plan your trip, please visit UBSArena.com/plan-your-trip.

    For additional information, please visit UBSArena.com or @UBSArena on Facebook, Instagram and Twitter.

    About Oak View Group
    Oak View Group (OVG) is a global sports and entertainment company founded by Tim Leiweke and Irving Azoff in 2015. OVG is focused on being a positive disruption to business as usual in the sports, live entertainment, and hospitality industries and currently has eight divisions across five global offices (Los Angeles, New York, London, Philadelphia, and Toronto). OVG oversees the operations of Climate Pledge Arena at Seattle Center, UBS Arena in Belmont Park, NY, and Moody Center in Austin, TX as well as arena development projects for Acrisure Arena in Palm Springs, CA; Co-op Live in Manchester, UK; and projects for Arena São Paulo in São Paulo, BZ; Baltimore Arena in Baltimore, MD; FirstOntario Centre Arena in Hamilton, ON; a New Arena and entertainment district in Las Vegas, NV; and a New Arena in Cardiff, Wales. More information at OakViewGroup.com, and follow OVG on Facebook, Instagram, Twitter, and LinkedIn.

    Forward Looking Statements
    This news release contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements”. Forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. Such risks and uncertainties include, but are not limited to, the risks detailed from time to time in the continuous disclosure filings made by the Company with securities regulations. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. The Company has no obligation to update any forward looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.

    For further information, please contact:
    Xtract One Inquiries: info@xtractone.com, http://www.xtractone.com
    Investor Relations: Chris Witty, Darrow Associates, cwitty@darrowir.com, 646-438-9385
    Media Contact: Kristen Aikey, JMG Public Relations, kristen@jmgpr.com, 212-206-1645
    UBS Arena inquiries: press@ubsarena.com

    The MIL Network

  • MIL-OSI: Virtu Financial Congratulates Women in Finance Award Recipients Leah Goldsberry and Trish McMenamin

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Sept. 26, 2024 (GLOBE NEWSWIRE) — Virtu Financial, Inc. (Nasdaq:VIRT), a leading provider of global, multi-asset financial services that delivers liquidity and innovative, transparent products across the complete investment cycle to the global markets, is proud to announce that Trish McMenamin, Chief Compliance Officer, and Leah Goldsberry, EMEA Head of Analytics Client Coverage, have both been recognized at Markets Media’s European Women in Finance Awards.

    Trish McMenamin received the Excellence in Legal and Compliance award for her leadership in transforming Virtu’s Dublin-based regulatory program and her collaboration efforts across the global platform and global teams. With over a decade of experience, Trish has consistently demonstrated integrity and a commitment to compliance excellence.

    Leah Goldsberry was awarded the Rising Star honor for her contributions in managing key client relationships and leading Virtu’s EMEA analytics team. Leah’s adaptability, leadership, and client-oriented approach have made her a driving force within the firm’s international growth.

    “Trish and Leah exemplify Virtu’s commitment to excellence, innovation, and teamwork,” said Rob Boardman, EMEA CEO of Execution Services at Virtu Financial. “Their well-deserved recognition is a testament to their hard work and dedication, and we are very proud of their achievements.”

    The firm extends its thanks and appreciation to Leah and Trish for the examples they set at Virtu and the financial services industry.

    About Virtu Financial, Inc.
    Virtu is a leading financial services firm that leverages cutting-edge technology to provide execution services and data, analytics and connectivity products to its clients and deliver liquidity to the global markets. Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. Virtu’s product offerings allow clients to trade on hundreds of venues across 50+ countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income and myriad other commodities. In addition, Virtu’s integrated, multi-asset analytics platform provides a range of pre- and post-trade services, data products and compliance tools that clients rely upon to invest, trade and manage risk across global markets.

    Contact:

    Investor Relations and Media Relations
    Andrew Smith
    investor_relations@virtu.com
    media@virtu.com

    This press release was published by a CLEAR® Verified individual.

    The MIL Network

  • MIL-OSI: Manhattan Bridge Capital, Inc. Announces Payment of Quarterly Dividend

    Source: GlobeNewswire (MIL-OSI)

    GREAT NECK, N.Y., Sept. 26, 2024 (GLOBE NEWSWIRE) — Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that, in accordance with the board approved dividend declared on July 29, 2024, a cash dividend of $0.115 per share will be paid to all shareholders of record on October 8, 2024. The dividend will be paid on October 15, 2024.

    The MIL Network

  • MIL-OSI: Tomorrow Street Selects Nile to Join its Scaleup X Programme with Vodafone

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif. and LUXEMBOURG, Sept. 26, 2024 (GLOBE NEWSWIRE) — Nile, a pioneer in an entirely new generation of wired and wireless LAN solutions for the enterprise, and Tomorrow Street, a joint venture between Vodafone and Luxembourg’s national technology incubator, Technoport, today announced that Nile has joined Tomorrow Street’s Scaleup X programme, which is designed to help bring the next generation of strategic suppliers into Vodafone through an accelerated selection process.

    Tomorrow Street selected Nile for its potential to give Vodafone’s enterprise customers a new generation wired and wireless Local Area Network (LAN) delivered as a service, with complete zero-trust network access security, zero up-front expense, and the industry’s only performance guarantees for coverage, capacity, and uptime. Nile’s innovative approach to AI-driven network automation also dramatically reduces the burden of network operations for service providers’ managed services teams and enterprise IT customers.

    “In evaluating new solutions to be included in our 2024 cohort of scaleup companies, the Nile Access Service stood out for its innovative approach to providing connectivity for today’s enterprises,” said Neil Cocker, a Tomorrow Street company director and Head of Scouting. “Nile’s fresh take on automation, security, operational intelligence, and billing make for an intriguing proposition.”

    Tomorrow Street provides access to relevant fast-growing scaleups with innovative commercialised solutions that have the potential to scale across large corporations. Scaleup partners are selected in close co-operation with Vodafone experts and senior stakeholders to offer an established range of technology solutions that accelerate digital transformation and create new revenue opportunities for businesses like Nile and its customers.

    “We’re thrilled to partner with Tomorrow Street to deliver a new vision of the enterprise network,” said Pankaj Patel, Nile’s CEO and co-founder. “The Nile Access Service is ideal for service providers like Vodafone, as it provides a complete wired and wireless LAN offering that enables service providers to strengthen their relationships with their enterprise customers but doesn’t add to their operational burden.”

    Nile is participating in two events being held by Tomorrow Street in October 2024. The first is in Luxembourg on 16-17 October 2024 and will include Procurement leaders and decision-makers from Vodafone Procurement & Connectivity Co. The second will occur in London at Vodafone’s HQ on 24 October 2024, with key stakeholders and technology leaders from Vodafone Group.

    About the Nile Access Service
    The Nile Access Service is powered by a new approach for securing enterprise networks that combines built-in zero-trust security for the campus, cloud native software delivery, AI, and automation with a high-performance wired and wireless LAN in an “as-a-Service” offering. The Nile Access Service was built from the ground up to prevent lateral movement cyber attacks while completely automating the network lifecycle management process. This complete service offering is a comprehensive package including hardware and software components, 24/7 support, and zero upfront capital expense, all of which are backed by the industry’s only performance guarantees for availability, coverage, and capacity.

    To learn more about the Nile Access Service, visit https://nilesecure.com/solutions/nile-access-service

    About Nile
    Nile is disrupting the enterprise network market by building natively secure connectivity that modernises IT operations with a new AI networking architecture, delivering enterprise networks entirely as a service. For the first time in the industry, the Nile Access Service integrates zero-trust security and offers performance guarantees for connectivity, coverage, and availability. With Nile, IT organisations close the gap between their digital aspirations and legacy realities with superior connectivity that reduces the burden on critical IT resources. For more information, visit nilesecure.com/solutions/nile-access-service.

    About Tomorrow Street
    Tomorrow Street is an innovation centre that accelerates leading-edge technology through scaling late-stage startups. Tomorrow Street is a joint venture between Vodafone and Luxembourg’s technology incubator, Technoport. Its innovation centre hosts and supports the next generation of strategic suppliers to Vodafone and is a technology hub that attracts entrepreneurs and talent to the fast-growing tech sector in Luxembourg.
    Tomorrow Street’s latest programme Scaleup X is designed to connect Vodafone with fast-growing post-series A scaleups and select the next generation of strategic suppliers enabling new customer propositions and accelerating digital transformation.

    For further information, visit http://www.tomorrowstreet.co.

    Media Contacts:
    Nichols Communications for Nile
    Jay Nichols
    +1 408-772-1551
    jay@nicholscomm.com

    The MIL Network

  • MIL-OSI: Viva Gold to Present at the Battery and Precious Metals Virtual Investor Conference October 1st

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Sept. 26, 2024 (GLOBE NEWSWIRE) — Viva Gold Corp (TSXV: VAU, OTCQB: VAUCF) (“Viva”), with operations in Nevada, focused on gold mining development, today announced that Jim Hesketh, CEO, will present live at the Battery and Precious Metals Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on October 1st & 2nd 2024.

    DATE: October 1st
    TIME: 10:00 AM ET
    LINK: https://bit.ly/3z584tW
    Available for 1×1 meetings: October 1st to 4th

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

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

    Learn more about the event at http://www.virtualinvestorconferences.com.

    Recent Company Highlights

    • Viva will be resuming drilling activities at its Tonopah Gold Project in Nevada
    • Baseline study work to continue to prepare for project permitting
    • An updated resource and preliminary economic study is due after completion of the upcoming drill program

    About Viva Gold Corp

    Viva’s Tonopah gold project sits in the middle of gold mining country and controls a major land position on the prolific Walker Lane Trend in Western Nevada. Viva has consistently grown its resources since 2017 and has commenced a new, fully funded drill program to further define and grow the current resource base. The Company plans to update the resource model and initiate Preliminary Economic Analysis Study in late 2024, both of which are major catalysts and value creation events for shareholders.

    Viva Gold is led by CEO Jim Hesketh, a 40-year veteran in the mining space who has led the development and construction of eight other mines around the world throughout his career. Jim has surrounded himself with equally experienced mining professionals both on the management team and the board.

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

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

    CONTACTS:
    Viva Gold
    Name: Jim Hesketh
    Title: CEO
    Phone: (720) 291-1775
    Email: jhesketh@vivagoldcorp.com

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

    The MIL Network

  • MIL-OSI: Westhaven Receives Commitment for Strategic Investment from Rob McEwen of C$1.5 Million as Part of Previously Announced Brokered Private Placement Offering

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Sept. 26, 2024 (GLOBE NEWSWIRE) — Westhaven Gold Corp. (TSX-V:WHN) (“Westhaven” or the “Company”) is pleased to announce, further to its press release dated September 25, 2024 announcing a $5,000,000 brokered best efforts offering (the “ Marketed Offering”) with Red Cloud Securities Inc. (the “Agent”) acting as agent, the Agent has received overnight a commitment from Rob McEwen for participation in the Marketed Offering as a subscriber.

    As previously announced, the Company entered into on September 25, 2024, an agreement with the Agent to act as sole agent and bookrunner in connection with the Marketed Offering to raise gross proceeds of C$5,000,0000 from the sale of the following:

    • 10,000,000 units of the Company (each, a “Unit”) at a price of C$0.15 per Unit for gross proceeds of up to C$1,500,000 from the sale of Units; and
    • gross proceeds of up to C$3,500,000 from the sale of any combination of (i) common shares of the Company that will quality as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (each, a “Traditional FT Share”) at a price of C$0.175 per Traditional FT Share and (ii) flow-through units of the Company to be sold to charitable purchasers (each, a “Charity FT Unit”, and collectively with the Units and Traditional FT Shares, the “Offered Securities”) at a price of C$0.22 per Charity FT Unit.

    Rob McEwen has agreed to make a strategic investment of C$1.5 million in Offered Securities, through his private holding company Evanachan Ltd. Mr. McEwen is the founder and former Chairman of Goldcorp, is currently the Executive Chairman and largest shareholder of McEwen Mining Inc. and is a member of the Mining Hall of Fame.

    Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), the Offered Securities will be offered for sale to purchasers in the provinces of Alberta, British Columbia, Manitoba, Ontario and Saskatchewan (the “Canadian Selling Jurisdictions”) pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the “Listed Issuer Financing Exemption”). The Offered Securities are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada.

    The Agent was granted the option, exercisable in full or in part, up to 48 hours prior to the closing of the Marketed Offering, to sell up to an additional C$1,000,000 in any combination of Units, Traditional FT Shares and Charity FT Units at their respective offering prices (the “Agents’ Option” and together with the Marketed Offering, the “Offering”).

    Any Units and Charity FT Units sold in excess of gross proceeds of C$5,000,000 as well as the Traditional FT Shares (collectively, the “Non-LIFE Securities”) will be offered by way of the “accredited investor” and “minimum amount investment” exemptions under NI 45-106 in the Canadian Selling Jurisdictions, or in the case of the Units, also in offshore jurisdictions and the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the U.S. Securities Act. The Non-LIFE Securities will be subject to a hold period ending on the date that is four months plus one day following the closing date of the Offering under applicable Canadian securities laws.

    The Company intends to use the net proceeds from the sale of Units for working capital and general corporate purposes. The gross proceeds from the issuance of the Traditional FT Shares and the Charity FT Units will be used for Canadian exploration expenses on the Company’s mineral projects in British Columbia and will qualify as “flow-through mining expenditures”, as defined in subsection 127(9) of the Income Tax Act (Canada) (the “Qualifying Expenditures”), which will be incurred on or before December 31, 2025 and renounced to the subscribers with an effective date no later than December 31, 2024 in an aggregate amount not less than the gross proceeds raised from the issue of the Traditional FT Shares and Charity FT Units.

    The Offering is scheduled to close on or around October 15, 2024, or such other date as the Company and the Agent may agree, and is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSX Venture Exchange.

    The Company will pay to the Agent a cash commission of 6% of the gross proceeds raised in respect of the Offering (the “Agents’ Commission”). In addition, the Company will issue to the Agent warrants of the Company (each warrant, a “Broker Warrant”), exercisable for a period of 24 months following the Closing Date, to acquire in aggregate that number of common shares of the Company which is equal to 6% of the number of Offered Securities sold under the Offering at an exercise price equal to C$0.15 per Common Share.

    There is an amended offering document related to the Offering that can be accessed under the Company’s profile at http://www.sedarplus.ca and on the Company’s website at http://www.westhavengold.com. Prospective investors should read this amended offering document before making an investment decision.

    On behalf of the Board of Directors
    WESTHAVEN GOLD CORP.

    “Gareth Thomas”

    Gareth Thomas, President, CEO & Director

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

    About Westhaven Gold Corp.

    Westhaven is a gold-focused exploration company advancing the high-grade discovery on the Shovelnose project in Canada’s newest gold district, the Spences Bridge Gold Belt. Westhaven controls ~60,950 hectares (609.5 square kilometres) with four gold properties spread along this underexplored belt. The Shovelnose property is situated off a major highway, near power, rail, large producing mines, and within commuting distance from the city of Merritt, which translates into low-cost exploration. Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN. For further information, please call 604-681-5558 or visit Westhaven’s website at http://www.westhavengold.com

    Forward Looking Statements:

    This press release contains “forward-looking information” within the meaning of applicable Canadian and United States securities laws, which is based upon the Company’s current internal expectations, estimates, projections, assumptions and beliefs. The forward-looking information included in this press release are made only as of the date of this press release. Such forward-looking statements and forward-looking information include, but are not limited to, statements concerning the Company’s expectations with respect to the Offering, including the proposed participation by Mr. McEwen and the size of that participation; the use of proceeds of the Offering; completion of the Offering and the date of such completion. Forward-looking statements or forward-looking information relate to future events and future performance and include statements regarding the expectations and beliefs of management based on information currently available to the Company. Such forward-looking statements and forward-looking information often, but not always, can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

    Forward-looking information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, and without limitation: that the Offering may not close within the timeframe anticipated or at all or may not close on the terms and conditions currently anticipated by the Company for a number of reasons including, without limitation, as a result of the occurrence of a material adverse change, disaster, change of law or other failure to satisfy the conditions to closing of the Offering; the Company will not be able to raise sufficient funds to complete its planned exploration program; that the Company will not derive the expected benefits from its current program; the Company may not use the proceeds of the Offering as currently contemplated; the Company may fail to find a commercially viable deposit at any of its mineral properties; the Company’s plans may be adversely affected by the Company’s reliance on historical data compiled by previous parties involved with its mineral properties; mineral exploration and development are inherently risky industries; the mineral exploration industry is intensely competitive; additional financing may not be available to the Company when required or, if available, the terms of such financing may not be favourable to the Company; fluctuations in the demand for gold or gold prices generally; the Company may not be able to identify, negotiate or finance any future acquisitions successfully, or to integrate such acquisitions with its current business; the Company’s exploration activities are dependent upon the grant of appropriate licenses, concessions, leases, permits and regulatory consents, which may be withdrawn or not granted; the Company’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; there is no guarantee that title to the properties in which the Company has a material interest will not be challenged or impugned; the Company faces various risks associated with mining exploration that are not insurable or may be the subject of insurance which is not commercially feasible for the Company; the volatility of global capital markets over the past several years has generally made the raising of capital more difficult; inflationary cost pressures may escalate the Company’s operating costs; compliance with environmental regulations can be costly; social and environmental activism can negatively impact exploration, development and mining activities; the success of the Company is largely dependent on the performance of its directors and officers; the Company’s operations may be adversely affected by First Nations land claims; the Company and/or its directors and officers may be subject to a variety of legal proceedings, the results of which may have a material adverse effect on the Company’s business; the Company may be adversely affected if potential conflicts of interests involving its directors and officers are not resolved in favour of the Company; the Company’s future profitability may depend upon the world market prices of gold; dilution from future equity financing could negatively impact holders of the Company’s securities; failure to adequately meet infrastructure requirements could have a material adverse effect on the Company’s business; the Company’s projects now or in the future may be adversely affected by risks outside the control of the Company; the Company is subject to various risks associated with climate change, the Company is subject to general global risks arising from epidemic diseases, the ongoing conflicts in Ukraine and the Middle East, rising inflation and interest rates and the impact they will have on the Company’s operations, supply chains, ability to access mining projects or procure equipment, supplies, contractors and other personnel on a timely basis or at all is uncertain; as well as other risk factors in the Company’s other public filings available at http://www.sedarplus.ca. Readers are cautioned that this list of risk factors should not be construed as exhaustive. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The Company cannot guarantee future results, performance, or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. The Company undertakes no duty to update any of the forward-looking information to conform such information to actual results or to changes in the Company’s expectations, except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained in this offering document is expressly qualified by this cautionary statement.

    The MIL Network

  • MIL-OSI: Defiance Announces Shift to Weekly Distributions and Name Change for 0DTE Income ETF Suite

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Sept. 26, 2024 (GLOBE NEWSWIRE) — Defiance ETFs, a leading innovator in thematic and income-based exchange-traded funds (ETFs), is excited to announce the renaming and strategy update for its suite of Daily Options Income ETFs to better reflect the adoption of same-day expiration options (0DTE) and an enhanced income strategy.

    Effective September 26th, the following changes have been implemented:

    • Defiance Nasdaq 100 Enhanced Options Income ETF (Ticker: QQQY) has been renamed to Defiance Nasdaq 100 Enhanced Options & 0DTE Income ETF.
    • Defiance S&P 500 Enhanced Options Income ETF will now trade under the new ticker symbol WDTE and has been renamed to Defiance S&P 500 Enhanced Options & 0DTE Income ETF.
    • Defiance R2000 Enhanced Options Income ETF (Ticker: IWMY) has been renamed to Defiance R2000 Enhanced Options & 0DTE Income ETF.

    Revised Income Strategy: Targeting Weekly Distributions

    Each Fund has revised its principal investment strategy to target weekly distributions rather than monthly. This shift is designed to better align with the income generation opportunities provided by the daily options strategy.

    About Defiance ETFs

    Founded in 2018, Defiance ETFs has emerged as a leading ETF issuer dedicated to income and thematic investing. Defiance’s actively managed options ETFs are designed to potentially enhance income for investors, with distributions now targeted on a weekly basis.

    Media Contact:
    David Hanono
    Defiance ETFs
    Tel: 833.333.9383

    Defiance ETFs LLC is the ETF sponsor. The Fund’s investment adviser is Toroso Investments, LLC (“Toroso” or the “Adviser”). The Fund Administrator is Tidal ETF Services LLC. The investment sub-adviser is ZEGA Financial, LLC (“ZEGA” or the “Sub-Adviser”). JEPY, QQQY, and IWMY are distributed by Foreside Fund Services, LLC.

    “Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 833.333.9383. Read the prospectus or summary prospectus carefully before investing.”

    Investing involves risk. Principal loss is possible. As an ETF, the funds may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

    The Distribution Rate is the annual yield an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distributions are not guaranteed.

    An Investment in the Funds is not an investment in the Index, nor are the Funds an investment in a traditional passively managed index fund.

    QQQY Index Overview: The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization. This makes it a large-cap index, meaning its constituents have a high market value, often in the billions of dollars. The Index includes companies from various industries but is heavily weighted towards the technology sector. This reflects the Nasdaq’s historic strength as a listing venue for tech companies. Other sectors represented include consumer discretionary, health care, communication services, and industrials, among others.

    JEPY Index Overview: The S&P 500 Index is a widely recognized benchmark index that tracks the performance of 500 of the largest U.S.-based companies listed on the New York Stock Exchange or Nasdaq. These companies represent approximately 80% of the total U.S. equities market by capitalization, making it a large-cap index.

    IWMY Index Overview: The Russell 2000 Index is a widely recognized benchmark index that tracks the performance of approximately 2000 small-cap companies in the United States. These are the smallest companies listed in the Russell 3000 Index, representing about 10% of that index’s total market capitalization.

    QQQY Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, the Sub-Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index. The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization. This makes it a large-cap index, meaning its constituents have a high market value, often in the billions of dollars.

    JEPY Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, the Sub-Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index.

    IWMY Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, the Sub-Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index.

    Index Trading Risk. The trading price of the Index may be highly volatile and could continue to be subject to wide fluctuations in response to various factors. ­The stock market in general has experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to the operating performance of companies.

    S&P 500 Index Risks: The Index, which includes a broad swath of large U.S. companies, is primarily exposed to overall economic and market conditions. Recession, inflation, and changes in interest rates can significantly impact the index’s performance. Furthermore, despite its diverse representation, a downturn in a major sector such as technology or financials could notably affect the index. Geopolitical risks and unexpected global events, like pandemics, can introduce volatility and uncertainty.

    The Nasdaq 100 Index Risks: The Index’s major risks stem from its high concentration in the technology sector and significant exposure to high-growth, high valuation companies. A downturn in the tech industry, whether from regulatory changes, shifts in technology, or competitive pressures, can greatly impact the index. It’s also vulnerable to geopolitical risks due to many constituent companies having substantial international operations. Since many of these tech companies often trade at high valuations, a shift in investor sentiment could lead to significant price declines.

    The Russell 2000 Index Risks: The Index, which includes a broad swath of large U.S. companies, is primarily exposed to overall economic and market conditions. Recession, inflation, and changes in interest rates can significantly impact the index’s performance. Furthermore, despite its diverse representation, a downturn in a major sector such as technology or financials could notably affect the index. Geopolitical risks and unexpected global events, like pandemics, can introduce volatility and uncertainty.

    Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

    Price Participation Risk. The Fund employs an investment strategy that includes the sale of in-the-money put option contracts, which limits the degree to which the Fund will participate in increases in value experienced by the Index over the Call Period (typically, one day, but may range up to one week). This means that if the Index experiences an increase in value above the strike price of the sold put options during a Call Period, the Fund will likely not experience that increase to the same extent and may significantly underperform the Index over the Call Period. Additionally, because the Fund is limited in the degree to which it will participate in increases in value experienced by the Index over each Call Period, but has full exposure to any decreases in value experienced by the Index over the Call Period, the NAV of the Fund may decrease over any given time period.

    Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current monthly income. There is no assurance that the Fund will make a distribution in any given month. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses.

    Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil. This risks greater for the Fund as it will hold options contracts on a single security, and not a broader range of options contracts.

    Distributed by Foreside Fund Services, LLC.

    The MIL Network

  • MIL-OSI Asia-Pac: Text of Vice-President’s address at the 83rd CSIR Foundation Day Celebrations at the NASC Complex, New Delhi

    Source: Government of India (2)

    Posted On: 26 SEP 2024 3:06PM by PIB Delhi

    Good morning, all of you. 

    It could not have been more delightful for me, everyone present in this room is a role model for me. Your contributions are spinal, your contributions in silence are resonating with the last man in the last row, your efforts are changing Bharat. A great occasion for me to be here, this is a very distinguished premium platinum category that is defining the growth history of Bharat, home to one-sixth of humanity. 

    Professor Ajay K. Sood, rightly honoured with the civilian distinction of Padma Shri, Principal Scientific Advisor to the Government of India, his address though brief on account of constraints of time, was illuminating. He indicated synergetic stance being generated with all stakeholders to ensure sustainability of the rise of Bharat. 

    Dr. K. Radhakrishnan his lecture will be a feast to intellect, team excellence, team itself in hears excellence, team is something which is harmonious. Harmony doesn’t mean keeping your point of view to yourself, harmony means having enough space to voice the other’s point of view. It is heard with respect, not rejected by drop of a hat. Team excellence is the ultimate sublime evolution of it, then, Indian Space Odyssey and your life lessons.

    I have instructed my team to record it, I will have a look at it, as will millions, through our platform in Rajya Sabha and Parliament. 

    Dr. N. Kalaiselvi, Director General, CSIR, normally we say, the man is always in the move, gone are those days, she is always on the move, always in action, with passion, mission, and execution. 

    I very fondly remember the visit I had where she was there, I had the occasion to see for myself how the aviation landscape of skilling will be changed by what her team has created. I had the occasion to visit Dehradun and another institute in her absence, we are proud of her because she sacrificingly gives credit to everyone except herself. I was greatly touched by this reflection of Indian civilisational ethos.

    Dr. G. Mahesh he is a Chairperson of the CSIR Foundation Day Celebration, we are gratified and honoured by the presence of those who laid the firm foundations of CSIR who headed it as DGs Dr. Mashelkar is present here. 

    Dr. Samir Brahmachari  is amongst us but science is all about finding out. Everyone present here, particularly in the front row, is to be respected by us. Because like education, education never ends when you leave an institution, education is life long learning same they may have left legally CSIR but their bond continues. 

    I must mention the Central Electronics Limited chairperson, Mr. Jain, for one reason, the honourable minister, who is very passionate about this sector, he wanted to come, I dissuaded him please won’t, he was preoccupied unavoidably.

    Distinguished scientists, researchers, staff, and esteemed audience, my greetings to the entire scientific community in the country, we are beholden to this category for the contributions they have made to make a Viksit Bharat which is before us today. This day is a special day, not just for CSIR alone. This is a very special day for the nation because if we go into our historical perspective, we will find that ages ago, our Bharat had scientific prowess. We were global leaders, we were the centre of the globe when it came to scientific knowledge, the kind of discoveries and inventions that were made by us made the world proud, we lost our way somewhere, we are regaining that way. 

    It is your foundation day, but it is integrally connected with the firm foundations of Bharat, you are firming up those foundations of the most vibrant, functional democracy on the planet. You are firming up the foundations of a nation that is on the rise as never before, and this rise is unstoppable, the rise is incremental, and the destination of a developed nation by 2047 will be realised, if not earlier.

    What I see here is your activities and activities of your sister’s concerns.  It is an endorsement that we are on the way to regaining our past pristine glory in the world of science. As I said, your contributions are in silence, I am using the word “silos” in a positive sense, your activities are in silos, but they physically, positively, and affirmatively impact the lives of 1.4 billion people.

    CSIR can be defined as a catalyst scientifically and imaginatively for Ras. C for catalyst, S for scientifically, I for imaginatively, and R for rashtra. 

    Distinguished audience, it is my great honour and privilege, and it will forever be etched in my memory, that I am associating with the 83rd Foundation Day of CSIR. This is an occasion to commemorate and commend the past achievements, and also to look ahead, unfold a roadmap to be more significantly involved with the nation’s rise and global rise, because Bharat stands for Vasudev Kutumbakam.

    A journey that started in 1960, when I was in class four, and where we have come, is a recognition of the hard work you all have done. I am fully aware of the headwinds you face, the air pockets you endure, the difficult terrain you negotiate, and, on occasions, the lack of due recognition therefore an ecosystem existed earlier where you were contributing, but recognition was not forthcoming in the right form. Soothing to note that, in the last few years, recognition for the scientific community has increased. It has increased in several ways, including the government’s serious focus on it. The Prime Minister’s heart and soul are deeply connected to the scientific community. His belief in your power, prowess, and capacity to generate, at global level, those aspects of science which matter to humanity is evident. I am sure, therefore, that we are in good times.

    Now, there is an ecosystem in place where our scientists can fully exploit and expand their energy, exploit their talent, and contribute to the nation by unleashing their innovative skills. I was not surprised, because that was my expectation, but I was in disbelief when I went through the thematic exhibition, amazing things are happening. Imagine if, from bamboo, you can have wooden flooring. Imagine if, from bamboo, you can have something which far superior or equivalent to sagon teak wood and sagon teak wood life is 4 decades or so. It helps the farmer, and it creates wealth. I am making a reference only to only one, there were many such things, I was greatly touched. 

    These developments reaffirm my confidence, and the confidence of the nation, that Bharat is a factor to reckon with globally. Your tremendous accomplishments have emboldened me to assert that, in research and development, it is matter of time when we will be having our due share at the moment, we are on way to it., much remains to be done. Several energies have to converge, they have to converge diligently, they have to work togetherness and in tandem, there has to be the right amount of fiscal input.

    I am so glad that the Principal Scientific Advisor that is uppermost in his mind, you may not be aware, and it may not have been covered in the media, but he is your star batsman when it comes to securing everything for your scientific community. 

    Let me make a brief reference to the Union Budget 2024-25. He must have put his foot down, I am sure of it when the budget is formed, there are always too many claimants. He fought for your segment, got the due, and it can only be incremental henceforth. It emphasises the budget. Innovation, Research and Development, and Anusandhan – the National Research Foundation has been started. I leave it at that; you know it when a beginning is made, even by a toddler, it takes shape over the years, unstoppably. My congratulations to him, for being your advocate with the government, you are an able advocate. I am so glad. 

    The growth engine of the nation, any nation in the world, is driven by science and technology and this is fuelled by research and development, this makes the focus on research and development of paramount importance. I call upon you from this platform to come forward and generously invest in research and development. I look forward to the day when our corporates will figure in the top 20 global corporates that invest in research and development at the moment, there is none, that doesn’t mean our corporates are not doing enough, they are doing enough. In automobile and in information technology, much is being done but looking at our nation’s size, its potential, its position, and the growth trajectory on which it is, our corporates need to come forward to engage in research and development.

    The investment in research and development is lasting and this, distinguished audience, please note, has another cutting edge: soft diplomacy, if you get something, nations flock to you. We have that power, research and development is so integrated with security these days therefore, investment is for the nation. Investment is for growth. Investment is for sustainability. 

    I am concerned about one aspect in particular, and that aspect, fortunately for me, was voiced in a survey by CSIR, the sample size was 3,000. We must not do lip service to research and development, our contribution has to be substantial, the result has to be substantial, not cosmetic or superficial. We cannot just take pride in saying so much for research and development. The one doing research or development in academic institutions should not be in pursuit only of academic information. Research is not a simulation. Research is research, and I therefore appeal to everyone concerned to have SOP for it. Invest in that human resource or institution that can authentically engage in research and development. The two are separate, when I went to one of the IITs – all IITs are doing well, I am not naming the IIT for that reason – I was amazed that research and development were excellent, it was being done by professors and students. So, we will have to be on guard that merely because physical resources are committed, we cannot take pride, saying, “Oh, I have spent so much for research and development.”

    Investment in research and development, distinguished audience, has to be correlated to tangible outcomes and there are people in the front row who can evaluate what is a tangible outcome. 

    Friends, there is enough to say, but I will conclude by focusing on the state of the nation, state of the nation today is beyond my dreams. I never imagined it. I did not conceive of the earth as it is today, I did not have that contemplation. I am referring to 1989, when I was elected to the Lok Sabha. In 1990, I was a union minister. I will focus on four aspects. 

    One, we went to Jammu and Kashmir, Srinagar, as a member of the Council of Ministers. We stayed at a hotel near Dal Lake, everything was dull, not even twenty souls could be seen on the road, a state of dejection and hopelessness and it was declared in the Rajya Sabha, which I preside as chairman, that last year, two crore tourists went to Jammu and Kashmir. Where is the figure of twenty? Two crores, article 370, a temporary article of the constitution – the only article labelled as temporary was taken by some people, including those who had taken oath under the constitution to be permanent. It is no longer there.

    Second, I suffered the pain because, as a student, हमें पढ़ाया गया था कि भारत सोने की चिड़िया है। As a minister, I had the occasion to see our gold physically airlifted, to be placed in two Swiss banks to sustain our fiscal credibility, because our foreign exchange was around one billion US dollars. Now it is more than six hundred billion US dollars, mind you. We are getting things back rather than giving. I suffered the pain then when the World Bank and IMF would give us not advisories or advice, but peremptorily direct us: “Do this, otherwise…”  and now the same institutions, IMF says, India is a favourite global destination of investment and opportunity. World Bank says, digitisation of India and its penetration that happened in six years is otherwise not achievable in four decades or more. We are a role model, according to the World Bank, of digitisation, that happened there.

    Another aspect was that we had a system where corruption was rampant in power corridors, nothing could catalyse without a middleman, your pedigree was a password to opportunity and a job or a contract. Now power corridors are fully sanitised, the middleman has disappeared from the one-sixth of humanity, at least. Do we see middlemen around? No. All transactions are taking place digitally, without human interface. That is the change I never imagined. This change I am seeing myself. We were living in an era where there was privilege pedigree.some thought law was not for them, they were immune to law. They were not accountable to law, it was a concept not known to them but now, the privileged pedigree is feeling the heat of law and why not? Equality before the law is an inalienable facet of democracy. How can we call a nation a democratic nation if some people pass away more equal than others? That is the benefit to young minds and as a result of that, our youth are energised.

    The fourth point I wish to make is about the economy. I can’t even tell you the size of the Indian economy in 1990 was smaller than the city of London or Paris. Imagine. A decade ago, we were counted amongst the fragile five nations. A cliff hanging economy, a concern to the global community. Now we are a robust economy, we are amongst the five great economies of the world, we are the fifth largest, on the way to becoming the third, ahead of Japan and Germany, in two years. Our economic rise is like a plateau, affecting everyone. 

    In all this, the contribution of science is there, technology is there, corruption would have been there, Transparent, accountable governance would not have been there unless there was technology. Digitisation and penetration would not have happened but for democracy. People are adept at technology, they may not be very literate, but they know how to use the internet, how to avail themselves of services. This means the Great Marathon March for Viksit Bharat@2047. You are the major stakeholders. You may not be that visible on the screen, but you are the driving force of it. You will have to be contributing 24X7. 

    My best wishes to you, CSIR exemplifies excellence, academic brilliance and cutting-edge research. In the near future, we will doubtlessly see Bharat emerging as a global pioneer in the domains of science and technology that will help us script a new chapter in our growth story.

    Thank you so much.

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  • MIL-OSI Asia-Pac: India-Mauritius Talks for collaboration in Capacity Building programme “Positive and Successful”

    Source: Government of India

    India-Mauritius Talks for collaboration in Capacity Building programme “Positive and Successful”

    High Level Official Delegation from Mauritius Visits National Centre for Good Governance (NCGG), Department of Administrative Reforms and Public Grievances (DARPG) Indiafrom 23rd – 25th September, 2024 to Strengthen Bilateral Cooperation

    Two sides discuss the roadmap for collaboration between the NCGG and the Ministry of Public Service, Administrative and Institutional Reforms for conducting capacity building programs including faculty development programs

    Shri V. Srinivas, Secretary, DARPG and DG, NCGG led the Delegation level talks with the High Level Mauritius Delegation led by Mr K. Conhye, Secretary for Public Service, Mauritius

    Posted On: 26 SEP 2024 1:22PM by PIB Delhi

    The High-level official visit of the Mauritius Delegation concluded successfully with strategic meetings and productive deliberations. The Delegation level talks was led by Shri V. Srinivas, IAS, Secretary, Ministry of Personnel, Public Grievances and Pensions, DARPG, and Director General, NCGG with the Mauritius Delegation led by Mr. K. Conhye, Secretary for Public Service, Mauritius&comprising of Mr. S. Ramgolam, Director, Public Sector Business Transformation Bureau and Mr. S. D. Jannoo, Director, Human Resource Management, Mauritius. The Official visit of the Mauritius Delegation was from September 23-25, 2024.

    Secretary for Public Service, Mauritius, Mr. K. Conhye and H.E. High Commissioner of Mauritius to India Mr. Haymandoyal Dillum were received by Secretary, DARPG and DG, NCGG, Shri V. Srinivas on 23rd September, 2024. The two sides discussed avenues for collaboration between the NCGG and Ministry of Public Services, Administrative and Institutional Reforms, Mauritius on capacity building programs for Mauritius Public Officers including faculty development programs.

     

    The Delegation had an interaction with the DCs/DMs of PM Awarded initiatives led by Secretary, DARPG & DG, NCGG. The interactions were held with Smt. Varnali Deka, DC Nalbari, Assam; DM & Collector, Lakhimpur Kheri, UP, Smt. Durga Shakti Nagpal;  DM & Collector, Meerut, UP, Shri Deepak Meena;  Addl. Secretary to Governor, Uttarakhand, Smt. Swati Bhaduria and Smt. Bhavya Mittal, DM Burhanpur, MP. The roles & responsibilities of District Collectors in India, governance challenges and reforms aimed at enhancing public service delivery were also shared during the interaction.

     

    The Mauritius delegation engaged with experts from PM GatiShakti, GeMand UIDAI. The delegation met Shri S.N. Tripathi, Director General, Indian Institute of Public Administration (IIPA) and were briefed on educational frameworks on public administration, governance structures and decentralization. India’s best governance practices in action was showcased in their visit to Paryavaran Bhawan where they met Shri Amandeep Garg, IAS, Additional Secretary, MoEF&CC. An interaction with Shri Arun Singhal, IAS, Director GeneralNational Archives of India (NAI) provided insights into record sharing, data quality checks, and digitization projects that preserve India’s extensive historical documents. The Mauritius delegation was exposed to Zero Tolerance to corruption approachby Central Vigilance Commission in an interaction with Shri. P. Daniel, Secretary, CVC.The Delgaetion met the Chief Information Commissioner, Shri Heeralal Samariya.; the Information Commissioners Smt. Anandi Ramalingam and Shri Vinod Kumar Tiwari and also the Secretary, CIC, Smt. Rashmi Chowdhary and were briefed on the promotion of transparency through RTI.The Capacity Building Programs through Mission Karmayogi was presentedto them by Shri Adil Zainulbhai, Chairman, CBC.

    The 3-Day official visit successfully ended with a clear roadmap for enhanced bilateral cooperation and capacity building programs for Senior and Mid-Level Public Officers of Mauritius.  In the concluding De-briefing meeting the contours of the Capacity Build programs for the Public Officers of Mauritius was discussed and the Draft MoU for collaboration between the Ministry of Public Service, Administrative and Institutional Reforms, Mauritius and National Centre for Good Governance were exchanged for being taken forward.

     

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  • MIL-OSI Asia-Pac: Steel Authority of India Limited (SAIL) conducted its 52nd Annual General Meeting

    Source: Government of India

    Steel Authority of India Limited (SAIL) conducted its 52nd Annual General Meeting

    SAIL will continue to strive to stay ahead of curve at the 52nd AGM: Chairman, SAIL

    Posted On: 26 SEP 2024 1:44PM by PIB Delhi

    Steel Authority of India Limited (SAIL) conducted its 52nd Annual General Meeting (AGM), today at Company’s headquarters at Lodi Road, New Delhi. Shri Amarendu Prakash, Chairman, SAIL addressed the shareholders in the meeting, held through a virtual platform.

    While addressing the Company’s shareholders, he said, “Reflecting on the performance of the previous year ad looking forward in the future reinforces my belief that as an organisation, we can aspire to be ‘Number One’, i.e the best in our industry”. He added that the Indian Government’s continuous push to transform the social, digital and physical infrastructure of the country with a vision of Viksit Bharat by 2047 has fueled steel demand in the Country across all sectors.

    He summarized the performance of SAIL during FY 23-24 and said that SAIL created new benchmarks by producing 20.5 Million Tonnes (MT), 19.24 MT and 18.44 MT of Hot Metal, Crude Steel and Saleable Steel respectively during FY’24, registering growth of 5.6%, 5.2% and 6.9% respectively over the previous year. He mentioned that the Company achieved the best Sales Turnover of Rs 1,04,545 Crore during FY’24.

    He added that SAIL is on track to excel in two focus areas which are to ma  ximise capacity utilisation and provide best value to customers. He said, “SAIL would continue to engage with stakeholders, improve the asset utilization and proactively be ahead of the curve”.

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  • MIL-OSI Asia-Pac: Mere commitment of fiscal resources and lip service to R&D is not enough; focus on tangible outcomes, says VP

    Source: Government of India

    Mere commitment of fiscal resources and lip service to R&D is not enough; focus on tangible outcomes, says VP

    PM’s heart and soul is deeply with scientific community-VP

    Ecosystem in place where scientists can fully exploit their potential, says VP

    R&D contributions have to be substantial not cosmetic-VP

    Research is integral to soft diplomacy and security-VP

    Shri Dhankhar calls on corporates to invest in research and development

    CSIR stands for Catalyst for Scientifically Imaginative Rashtra, underlines VP

    R&D in institutions should not be in pursuit of gaining academic information alone-VP

    Vice-President addresses the 83rd Foundation Day Celebrations of CSIR at New Delhi today

    Posted On: 26 SEP 2024 3:22PM by PIB Delhi

    The Vice-President, Shri Jagdeep Dhankhar today said that contributions to R&D must be “substantial, the result has to be substantial, not cosmetic or superficial”, he stressed. He said that mere commitment of fiscal resources is not enough and significance of any research should be measured in terms of tangible outcomes.

    “We will have to be on guard that merely because fiscal resources are committed, we cannot take pride, oh, I have spent so much for research and development. Investment in research and development has to be correlated to tangible outcomes,” he added.

    Addressing the gathering at the at the 83rd CSIR Foundation Day Celebrations, Pusa Road, New Delhi today, the Vice-President invited attention to the significance of research and development in the contemporary scenario, Shri Dhankhar emphasised that research and development is integral to soft diplomacy and national security.

    “The investment in research and development is lasting…..Research and development is so integrated to security these days. And therefore investment is for the nation. Investment is for growth. Investment is for sustainability”, he asserted.

    Highlighting the current environment, Shri Dhankhar expressed satisfaction that recognition for the scientific community has significantly increased. “Soothing to note that in last few years recognition for the scientific community has gone up. It has gone up in several ways including government being very serious about it, and Prime Minister’s heart and soul is deeply in scientific community”.

    Shri Dhankhar further lauded Prime Minister’s deep respect for and belief in the potential of India’s scientists.

    Reflecting on the past where the contributions of scientists were not always appropriately recognized, Shri Dhankhar remarked “I am fully alive of the headwinds you face, air pockets you suffer, difficult terrain you negotiate and on occasions there is no due recognition. Therefore, an ecosystem that existed earlier where you were contributing and recognition was not coming in the right form”, he added.

    Recognising the current change in ecosystem, Shri Dhankhar underlined, “Now there is an ecosystem in place where our scientists can fully exploit and expand their energy exploit their talent and contribute for the nation by unleashing their innovative skills”.

    Calling upon corporate to invest more in research and development, he said “significant contributions being made by Indian companies in sectors like automobile and information technology. Looking to our nation’s size, its potential, its position, and the growth trajectory on which it is there, our corporates need to come forward to engage in research and development”.

    Terming CSIR as Catalyst for Scientifically Imaginative Rashtra, Shri Dhankhar highlighted, “It is your Foundation Day, but it is integrally connected with the firm foundations of Bharat. You are firming up those foundations of the most vibrant, functional democracy on the planet. You are firming up the foundations of a nation that is on the rise as never before, and the rise is unstoppable” 

    He further emphasized the crucial role of science and technology as the growth engine for any nation, underscoring that this engine is primarily driven by research and development (R&D).

    Expressing his deep concern about the current approach to research and development (R&D) in India’s institutions, Shri Dhankhar highlighted the need for substantial contributions rather than mere lip service. “I am concerned about one aspect in particular, and that aspect, fortunately for me, was voiced in a survey by CSIR,” he stated.

    He further stressed that those engaged in research within academic institutions should not be motivated solely by academic gains, asserting, “Research is not a simulation. Research is research.”

     He appealed for the establishment of Standard Operating Procedures (SOPs) to ensure that investments in human resources and institutions are directed towards authentic and impactful research.

    Acknowledging the critical role played by CSIR in shaping modern India’s scientific and technological landscape, Shri Dhankhar emphasized the historical legacy of India’s scientific stating “if we go into our historical perspective we will find ages ago our Bharat had scientific prowess. We were global leaders; we were centre of the globe when it came to scientific knowledge”.

    He also noted that while the country lost its way for a period, it is now on the path to regaining our past pristine glory in the world of science. “The kind of discoveries and inventions that were made, we made the world proud, we lost way somewhere, we are beginning that way”, he remarked. 

    Earlier the Vice-President also inaugurated the ‘CSIR Thematic Exhibition 2024’ at NASC Complex. 

    Shri Prof. Ajay K. Sood, PSA to GoI, Dr. K. Radhakrishanan, CSIR Foundation Day Speaker, Former Chairman, ISRO, Dr. N. Kalaiselvi, Director General, CSIR, Dr. G Mahesh, Chairperson, CSIR Foundation Day Celebration and other dignitaries were also present on the occasion.

    Read full text here: pib.gov.in/PressRelese

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  • MIL-OSI Asia-Pac: Commerce and Industry Minister, Shri Piyush Goyal concludes 3-day visit to Australia

    Source: Government of India

    Posted On: 26 SEP 2024 4:25PM by PIB Delhi

    Union Minister for Commerce and Industry, Shri Piyush Goyal concluded his productive 3-day visit to Australia (23-26 September, 2024) today.

    The Minister co-chaired the 19th Joint Ministerial Commission meeting with Senator The Hon. Don Farrell, Minister for Trade and Tourism of Australia at Government House in Adelaide on August 25, 2024. Discussions focussed on areas of cooperation and economic priorities for India and Australia; implementation of Economic Cooperation and Trade Agreement (ECTA) initiatives; progress on Comprehensive Economic Cooperation Agreement (CECA) negotiations etc.   The Ministers reiterated the target of achieving AUD 100 billion bilateral trade by 2030. They also discussed enhancement of cooperation at multilateral and other regional forums- G20, IPEF and WTO, including the Domestic Services Regulation issue.

    At the Joint Press Conference after the meeting, the Minister announced the opening of an Investment, Trade, Technology and Tourism (ITTT) office in Sydney which will have representatives of Invest India, NICDC, Export Credit Guarantee Corporation and DGFT, including industry bodies like CII and FICCI. Minister Farrell announced a new grant of AUD 10 million for Australian businesses, organisations and universities to boost cooperation with India. Under the new grant, AUD 5 million will be extended to Australian organisations working on projects that boost trade and innovation, cultural ties and community leaders, and a further AUD 5 million for scholars and fellowships to support Australian universities to host Indian students in their research, on shared challenges.

    Both sides agreed that the ‘Make in India’ and ‘Future Made in Australia’ initiatives are complementary and present opportunities to both sides to work together. In this context, Minister mentioned that India marked yesterday, the 10th anniversary of Prime Minister’s flagship ‘Make in India’ initiative, aimed at scaling domestic manufacturing in India. The initiative had created employment opportunities, boosted Indian exports and improved the lives of millions of people in India.

    The Governor of South Australia, The Hon Frances Adamson AC, hosted a lunch for Minister and the accompanying delegation at the Government House. The lunch was attended by The Hon Joe Szakacs MP Minister for Trade and Investment and Minister for Local Government of South Australia and Senator the Hon Simon Birmingham, Leader of the Government in the Senate and Shadow Minister for Foreign Affairs, reflecting the strong bipartisan support to India-Australia partnership.

    Later in the day, Minister Goyal accompanied by Minister Farrell visited the Australian Space Agency at Lot Fourteen Innovation precinct where they interacted with Australian space companies, including, Space Machine Company, which is working with New Space India Limited (NSIL) to launch the largest satellite built in Australia onboard an Indian Small Satellite Launch Vehicle. This Mission, named MAITRI exemplifies the close friendship between the two countries and marks a significant milestone in the bilateral Comprehensive Strategic Partnership.

    The Minister’s visit will impart further momentum to the enhanced economic and commercial engagement between India and Australia. The visit allowed both sides to review progress of CECA and implementation of ECTA initiatives. In addition, several interactions with Australian and Indian businesses in Sydney will lead to enhancement of trade and investment ties between the two countries.

     

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  • MIL-OSI Banking: ICC joins Private Sector Humanitarian Alliance as founding member at UNGA 

    Source: International Chamber of Commerce

    Headline: ICC joins Private Sector Humanitarian Alliance as founding member at UNGA 

    As the world’s largest business organisation, ICC will leverage its global network in 170 countries to help respond to global disasters and humanitarian crises, in line with its purpose to enable peace, prosperity and opportunity for all.  

    “We must see improved integration of the private sector into the humanitarian architecture to sustain peace and security in the face of increasingly complex global challenges.”

    ICC Secretary General, John W. H. Denton AO.

    Despite the generosity of the international community, humanitarian emergencies remain a major challenge today. Globally, 1 in 11 people face malnutrition and food insecurity. More than 130 million people have been forced to leave behind their homes, families, and their lives in search of safety. With far-ranging consequences, sometimes for generations to come.

    PSHA is designed to bridge the divide between the humanitarian ecosystem and global businesses. With its unique platform for humanitarian coordination, PSHA has established the technological infrastructure needed to manage complex humanitarian efforts among different stakeholders, both public and private. This ensures vital resources reach those who need them most.  

    Reshaping humanitarian efforts through technology 

    PSHA’s innovative platform integrates cutting-edge data analytics, crisis intelligence, and algorithmic matching of business resources with humanitarian needs. This unique use of technology helps deliver humanitarian aid as swiftly and efficiently as possible. Improving the efficiency of humanitarian efforts not only redirects vital help toward those in need – it also ensures donors that their donations are used wisely. 

    In its first year of operation, PSHA has already demonstrated its potential to reshape global giving. PSHA successfully directed cross-sector coordination during the Caribbean hurricane season, saving lives. It led efforts to mobilise private sector resources for the Sudan crisis. It has also strengthened private sector support for humanitarian efforts in the Middle East. 

    PSHA is incubated at Schmidt Futures and operationalised under Rockefeller Philanthropy Advisors. It has signed Memoranda of Understanding with USAID, the US Department of State, and The United Nations Office for the Coordination of Humanitarian Affairs (UNOCHA). Private sector partners include Google, BCG, Vodafone Foundation, Mastercard, Henry Schein International, Miyamoto International and Flexport. 

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  • MIL-Evening Report: Grattan on Friday: Experts want Albanese to lead on indoor air quality as part of pandemic planning

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    FOTOGRIN/Shutterstock

    Last month, a delegation led by Brendan Crabb, head of the Burnet Institute, a prestigious medical research body, met Anthony Albanese in the prime minister’s parliament house office.

    Its members, who included Lidia Morawska from Queensland University of Technology, a world-leading expert on air quality and health, also blitzed ministers and staffers. They were pitching for the federal government to spearhead a comprehensive policy on clean indoor air and for the issue to be put on the national cabinet’s agenda.

    They pointed out to Albanese that indoor air is an outlier in our otherwise comprehensive public health framework. Despite people spending the majority of their time inside, indoor air quality is mostly unregulated, in contrast to the standards that apply to, for example, food and water.

    There are multiple health and economic reasons to be concerned about this air quality but a major one is to limit the transmission of airborne diseases, such as COVID.

    For many of us, COVID has become just a bad memory, despite its lasting and mixed legacies. For instance, without the pandemic, fewer people would now be working from home. More small businesses would be flourishing in our CBDs. Arguably, fewer children would be trying to catch up from inadequate schooling.

    While the media have largely lost interest in COVID, and people are now rather blase about it, the disease is still taking a toll.

    In 2023 there were about 4,600 deaths attributed to COVID, and almost certainly more in reality, given Australia that year had 8,400 “excess deaths” (defined as actual deaths above expected deaths).

    Up to July this year there were 2,503 COVID deaths.

    In nursing homes, whilst survival rates from COVID are much improved with vaccination and antivirals, as of September 19, there were 117 active outbreaks with 59 new outbreaks in that past week. There had been 900 deaths for the year so far.

    Long COVID has become a serious issue, with varying respiratory, cardiac, cognitive and immunological symptoms. It is estimated between 200,000 and 900,000 people in Australia currently have long COVID.

    The Albanese government is presently awaiting the report it commissioned into how the COVID pandemic was handled.

    The inquiry has looked at the performance of the Morrison government, but its terms of reference didn’t include the states. That limits its usefulness, but there were politics involved, given high profile state Labor governments.

    Not that the state and territory leaders of that time are around anymore (apart from the ACT’s Andrew Barr). Those faces that became so familiar from their daily news conference have disappeared into the never-never: Victoria’s Dan Andrews, Western Australia’s Mark McGowan, New South Wales’ Gladys Berejiklian, Queensland’s Annastacia Palaszczuk.

    COVID variously made or tarnished leaders’ reputations. McGowan, in particular, reached stratospheric heights of popularity. Andrews deeply divided people.

    In general, however, COVID boosted support for leaders and increased public trust in them and in government. In times of uncertainty, the public looked to known institutions and to authority figures. Since then, trust has eroded again.

    Experts came into their own during the pandemic but then found themselves in the middle of the political bickering. In retrospect, some of them were wrong.

    In the broad, especially in terms of the death rate and the economy, Australia navigated the crisis well. But drill down, and the story is more complex, as documented by two leading economists, Steven Hamilton (based in Washington and connected to the Australian National University) and Richard Holden (from UNSW).

    In their just-published book, Australia’s Pandemic Exceptionalism, their bottom-line conclusion is that Australia was very impressive in its (vastly expensive) economic response but it was a mixed picture on the health side.

    While Australia was quick out of the blocks in closing the national border and bringing in other measures, it fell down dramatically on two fronts. The Morrison government failed to order a wide variety of vaccines and it failed to buy enough Rapid Antigen Tests (RATs).

    The “vaccine procurement strategy was an unmitigated disaster,” Hamilton and Holden write. This was not just “the greatest failure of the pandemic – it was arguably the greatest single public policy failure in Australian history”.

    “We put all our vaccine eggs in just two baskets”, both of which failed to differing degrees. This was “a terrible risk to take. Pandemics are times for insurance, not gambling,” they write.

    “And while our tax and statistical authorities marshalled their forces to operate much faster and more nimbly to serve the desperate needs of a government facing a once-in-a-century crisis, our medical regulatory complex repeatedly ignored international evidence and experience, and our political leaders capitulated to their advice. And then the prime minister told us that when it came to getting Australians vaccinated:‘it’s not a race’”.

    The failure to order every vaccine on the horizon meant when production or supply problems arose for those that were hoped for or on order, the rollout was delayed.

    After this bungle, “stunningly, we turned around and repeated these same mistakes all over again” by not obtaining and distributing freely massive numbers of RATs. In this failure, “our federal government showed the same lack of foresight, the same penny-wise but pound-foolish mindset that it had displayed in the vaccine rollout”.

    The authors blame Scott Morrison, then-health minister Greg Hunt, then-chief medical officer Brendan Murphy, the Therapeutic Goods Administration (TGA), and the Australian Technical Advisory Group on Immunisation (ATAGI) for the health failures, which prolonged the lockdowns, cost lives and delayed reopening.

    Urging better preparation for the next pandemic, Hamilton and Holden have a list of suggestions. They stress we need to ensure we have mRNA vaccine manufacturing capability (on which there is fairly good progress). We must get vaccine procurement “right from the start” regardless of cost. Huge quantities of RATs should be procured as soon as they become available, ready to be used immediately.

    A complete overhaul of the medical-regulatory complex should be undertaken. As well, Australia should continue to invest in “economic infrastructure”. In the pandemic, the economic effort was facilitated by having a single touch payroll system. “The first obvious candidate for improvement is a real-time GST turnover reporting capability.”

    Perhaps a comprehensive indoor clean air policy could be added to the infrastructure list.

    The government’s review will have its own recommendations. Crabb and his colleagues hope they include attention to indoor air quality, following advice from the Chief Scientist and the National Science and Technology Council.

    Members of the delegation say they received an attentive hearing from the PM.

    Anna-Maria Arabia, chief executive of the Australian Academy of Science, and a member of the delegation, says Albanese “understood that improving indoor air quality is a cornerstone requirement to preparing for future pandemics and [he] was attuned to the practical implications of having good indoor air quality systems, including schools and workplaces being able to stay open and functional, reduce absenteeism and boost productivity”.

    What’s needed beyond awareness, however, is timely policy action. Pandemics don’t give much notice of their arrival.

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

    ref. Grattan on Friday: Experts want Albanese to lead on indoor air quality as part of pandemic planning – https://theconversation.com/grattan-on-friday-experts-want-albanese-to-lead-on-indoor-air-quality-as-part-of-pandemic-planning-239829

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI: Descartes Showcases Supply Chain and Logistics Technology Innovations at 2024 Innovation Forum

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA and WATERLOO, Ontario, Sept. 26, 2024 (GLOBE NEWSWIRE) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, will showcase supply chain and logistics technology innovations for transportation management; routing, mobile and telematics; and freight forwarders, customs brokers and air cargo at its 2024 Innovation Forum event, which takes place October 8-10, 2024 at the Hyatt Regency O’Hare Chicago.  

    “In a time with many logistical challenges and opportunities, Descartes is focused on bringing leading software solutions and capabilities to market to help our global customer base drive higher levels of supply chain efficiency, security, resilience and competitive advantage,” said Ken Wood, Executive Vice President, Product Management at Descartes. “This event not only gives us an opportunity to share our latest technology advancements with customers, partners and industry leaders, it also creates a unique forum to explore new trends and strategies shaping the industry with a diverse group of logistics professionals.”  

    Technology innovations and enhancements that will be showcased at the event include:  

    • Transportation Management Solutions
      • Fraud prevention and advanced security to help safeguard customers as they ship freight
      • Big data–enabled insights to improve collaboration, agility and supply chain performance
      • Advanced process automation to optimize the productivity of knowledge workers
      • Enhanced interoperability and network reach via one point of access for increased control and scale
      • Ease-of-use, end-user adoption and engagement enhancements to accelerate time-to-value and improve results

    Learn more about innovations for transportation management here.

    • Route Planning & Execution, Driver Safety, and Customer Experience Solutions
      • Greater interoperability for more efficient and cohesive workflows that improve customer and driver satisfaction
      • Artificial Intelligence to enhance safety compliance and further refine route plans and how they’re executed
      • Route optimization benchmarking for better delivery performance
      • Next-generation strategic route planning to create accuracy and responsiveness

    Learn more about innovations for fleet management here.

    • Broker, Forwarder, Customs & Air Solutions
      • Enhanced digitization and automation to increase operational efficiencies and help companies scale with growth
      • Increased de minimis compliance and security that facilitates legitimate trade
      • Advanced tracking capabilities to improve shipment and customer visibility
      • Expanded integrations with ocean and air carriers, which enable centralized access to more booking options

    Learn more about innovations for these logistics service providers (LSP) here.

    Descartes’ technology innovations will be showcased at a unique and interactive Technology Fair on October 8 from 6:00 PM-9:00 PM CT, offering attendees hands-on experience with its latest software solutions and product enhancements. After the Technology Fair, the company plans to donate the monitors and flat screen televisions used at the event to several local Chicago schools to help them support educational goals for students.

    To learn more about the 2024 Innovation Forum, please visit: https://www.descartes.com/innovation-forum.

    About Descartes

    Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at http://www.descartes.com, and connect with us on LinkedIn and Twitter.

    Global Media Contact
    Cara Strohack
    Tel: +1(800) 419-8495 ext. 202025
    cstrohack@descartes.com

    Cautionary Statement Regarding Forward-Looking Statements

    This release contains forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relate to Descartes’ transportation management; routing, mobile and telematics; and broker, forwarder, customs and air solution offerings and potential benefits derived therefrom; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the factors and assumptions discussed in the section entitled, “Certain Factors That May Affect Future Results” in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada including Descartes’ most recently filed management’s discussion and analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

    The MIL Network

  • MIL-OSI: Two-Thirds of Healthcare Organizations Hit by Ransomware – A Four-Year High, Sophos Survey Finds

    Source: GlobeNewswire (MIL-OSI)

    OXFORD, United Kingdom, Sept. 26, 2024 (GLOBE NEWSWIRE) — Sophos, a global leader of innovative security solutions for defeating cyberattacks, today released a sector survey report, “The State of Ransomware in Healthcare 2024,” which revealed that the rate of ransomware attacks against healthcare organizations has reached a four-year high since 2021. Of those organizations surveyed, two-thirds (67%) were impacted by ransomware attacks in the past year, up from 60% in 2023. The rising rate of ransomware attacks against healthcare institutions contrasts with the declining rate of ransomware attacks across sectors; the overall rate of ransomware attacks fell from 66% in 2023 to 59% in 2024.

    Alongside an increase in the rate of ransomware attacks, the healthcare sector reported increasingly longer recovery times. Only 22% of ransomware victims fully recovered in a week or less, a considerable drop from the 47% reported in 2023 and 54% in 2022. In addition, 37% took more than a month to recover, up from 28% in 2023, reflecting the increased severity and complexity of attacks.

    “While we’ve seen the rate of ransomware attacks reach a kind of “homeostasis” or even declining across industries, attacks against healthcare organizations continue to intensify, both in number and scope. The highly sensitive nature of healthcare information and need for accessibility will always place a bullseye on the healthcare industry from cybercriminals. Unfortunately, cybercriminals have learned that few healthcare organizations are prepared to respond to these attacks, demonstrated by increasingly longer recovery times. These attacks can have immense ripple effects, as we’ve seen this year with major ransomware attacks impacting the healthcare industry and impacting patient care,” said John Shier, field CTO, Sophos.

    “To combat these determined adversaries, healthcare organizations must adopt a more proactive, human-led approach to threat detection and response, combining advanced technology with continuous monitoring to stay ahead of attackers.”

    Additional findings from the report include:

    • Ransom Recovery Costs Surge: The mean cost of recovery in a healthcare ransomware attack was $2.57 million in 2024, up from $2.2 million in 2023 and double the 2021 cost
    • Ransom Demands vs Payments: 57% of healthcare institutions that paid the ransom ended up paying more than the original demand
    • Root Cause of Attack: Compromised credentials and exploited vulnerabilities were tied for the number one root cause of attack, each accounting for 34% of attacks
    • Backups Targeted: 95% of healthcare organizations hit by ransomware in the past year said that cybercriminals attempted to compromise their backups during the attack.
    • Increased Pressure: Organizations whose backups were compromised were more than twice as likely to pay the ransom to recover encrypted data (63% vs. 27%)
    • Who Pays the Ransom: Insurance providers are heavily involved in ransom payments, contributing in 77% of cases. 19% of total ransom payment funding comes from insurance providers

    The latest Sophos report on real-world ransomware experiences explores the full victim journey, from attack rate and root cause to operational impact and business outcomes, of 402 healthcare organizations. The results for this sector survey report are part of a broader, vendor-agnostic survey of 5,000 cybersecurity/IT leaders conducted between January and February 2024 across 14 countries and 15 industry sectors.

    Learn More About Ransomware

    Read the full State of Ransomware in Healthcare 2024 report on Sophos.com for additional global findings and data by sector.

    About Sophos

    Sophos is a global leader and innovator of advanced security solutions for defeating cyberattacks, including Managed Detection and Response (MDR) and incident response services and a broad portfolio of endpoint, network, email, and cloud security technologies. As one of the largest pure-play cybersecurity providers, Sophos defends more than 600,000 organizations and more than 100 million users worldwide from active adversaries, ransomware, phishing, malware, and more. Sophos’ services and products connect through the Sophos Central management console and are powered by Sophos X-Ops, the company’s cross-domain threat intelligence unit. Sophos X-Ops intelligence optimizes the entire Sophos Adaptive Cybersecurity Ecosystem, which includes a centralized data lake that leverages a rich set of open APIs available to customers, partners, developers, and other cybersecurity and information technology vendors. Sophos provides cybersecurity-as-a-service to organizations needing fully managed security solutions. Customers can also manage their cybersecurity directly with Sophos’ security operations platform or use a hybrid approach by supplementing their in-house teams with Sophos’ services, including threat hunting and remediation. Sophos sells through reseller partners and managed service providers (MSPs) worldwide. Sophos is headquartered in Oxford, U.K. More information is available at http://www.sophos.com.

    The MIL Network

  • MIL-OSI: Global Bispecific Antibodies Clinical Trials Market Size FDA Approved Bispecific Antibodies Insight

    Source: GlobeNewswire (MIL-OSI)

    Delhi, Sept. 26, 2024 (GLOBE NEWSWIRE) — Global Bispecific Antibody Market, Drugs Sales, Patent, Price and Clinical Trials Insight 2029 Report Highlights:

    • Bispecific Antibodies Development Proprietary Platforms Insight: > 30 Platforms
    • Global Bispecific Antibodies Market Size Yearly and Quarterly Sales (2018 till 2023)
    • Global Bispecific Antibodies Market Size 2023: > USD 8 Billion
    • Global Bispecific Antibodies Market Forecast Till 2029
    • Approved Bispecific Antibodies Yearly and Quarterly Sales (2018 till 2023)
    • Approved Bispecific Antibodies Regional Sales (2018 till 2023)
    • Clinical and Commercial Insight On Approved Bispecific Antibodies: 14 Antibodies
    • Approved Bispecific Antibodies Pricing and Dosage Analysis
    • Global Bispecific Antibodies Clinical Trials By Company, Indication and Phase: > 800 Antibodies
    • FDA and EMA Fast Track Approval, Orphan Designation, Priority Status Insights

    Download Report:

    https://www.kuickresearch.com/report-bispecific-antibody-market-bispecific-antibodies-market

    Before the advent of immunotherapy, the focus was primarily on targeting agents and inhibiting their functions. However, to unlock the full potential of immunotherapy, researchers have begun to move beyond just targeting immune checkpoints. Early attempts at immunotherapy concentrated on enhancing the immune system’s response. As cancerous cells transformed from healthy ones, several cell-based therapies, immune checkpoint inhibitors, and vaccines emerged that exploited tumor-associated antigens. The success of monoclonal antibodies opened the door for novel bispecific antibody immunotherapies, leading to dynamic research and development activities in the field.

    The development of bispecific antibodies began when scientists recognized the potential of monoclonal antibodies. This marked the start of a new era in therapeutics in the late 1990s. Bispecific antibodies offer multiple benefits, including dual targeting of different antigens, improved specificity, enhanced targeting ability, reduced dose-limiting toxicities, and the potential for drug-drug or drug-to-protein conjugates. These antibodies provide diversity by targeting two different antigens or epitopes simultaneously.

    Bispecific antibodies represent a promising approach in the field of immuno-oncology therapy. They have garnered significant attention from healthcare professionals who are dedicated to developing improved therapies and providing cures for patients suffering from cancer worldwide. As a result, several bispecific antibodies—such as Blincyto, Hemlibra, Rybrevant, Vabysmo, Tecvayli, and Lunsumio—have made their mark in the commercial market, receiving FDA and EMA approval over the past decade for various indications, including hemophilia A, B-cell precursor acute lymphoblastic leukemia, uveal melanoma, multiple myeloma, and diffuse large B-cell lymphoma.

    Furthermore, the success of bispecific antibodies, exemplified by the granting of fast track approval for the GPCR5D-targeted bispecific antibody by the EMA in 2023, has spurred significant growth in preclinical and clinical trials. Currently, more than 400 clinical trials are underway in the field of immunotherapy, with the primary objective of developing innovative therapies to reduce the cancer burden. For example, the experimental anti-TIGIT/anti-PD-1 bispecific antibody Rilvegostomig (AZD2936) is currently in clinical research for the treatment of patients with non-small-cell lung carcinoma. This study is in the Phase I/II clinical stage and is sponsored by AstraZeneca.

    Due to its groundbreaking mechanism of action, bispecific antibody therapy can be used either as monotherapy or in combination with other drugs. For instance, in an umbrella study, Elranatamab (PF-06863135) is being researched in combination with lenalidomide, dexamethasone, or Nirogacestat for the treatment of multiple myeloma, and is currently in Phase II clinical trials.

    The presence of major pharmaceutical companies like AstraZeneca and Pfizer in clinical trials has attracted numerous companies, research centers, and universities, including Beijing Cancer Hospital, Sharp Memorial Hospital, MD Anderson Cancer Center, the National Institute for Medical Research-Mbeya Medical Research Center, Memorial Sloan Kettering Cancer Center, and Hoffmann-La Roche. These institutions are addressing various indications such as solid tumors, metastatic melanoma, non-small cell lung cancer (NSCLC), Hodgkin disease, and CD30-positive diffuse large B-cell lymphoma.

    The bispecific antibody market is growing at an exceptional pace, as evidenced by the increasing number of antibody approvals. In 2023, two additional therapies—Epkinly (epcoritamab-bysp) and Columvi (glofitamab-gxbm)—received FDA approval for the treatment of relapsed or refractory diffuse large B-cell lymphoma. Currently, the US dominates the market, as indicated by the rising number of approvals and ongoing clinical trials. However, China is emerging as the fastest-growing nation in terms of advancements and clinical trial activities.

    The MIL Network

  • MIL-OSI USA: FEMA Disaster Recovery Center in Scott County Closing Sept. 28, Clay and Sioux Counties Reducing Hours

    Source: US Federal Emergency Management Agency

    Headline: FEMA Disaster Recovery Center in Scott County Closing Sept. 28, Clay and Sioux Counties Reducing Hours

    FEMA Disaster Recovery Center in Scott County Closing Sept. 28, Clay and Sioux Counties Reducing Hours

    DES MOINES, Iowa — The Scott County Disaster Recovery Center, located at 3506 N. Harrison St. Davenport, Iowa, will close permanently on Sept. 28 at 6 p.m. The Disaster Recovery Centers in Clay and Sioux Counties will be open from 9:30 a.m. – 5:30 p.m. Monday through Saturday beginning Sept 30.

    They are located at:

    Clay County

    Spencer City Hall

    City Council Chambers

    101 W. Fifth St.

    Spencer, IA 51301

    Sioux County

    City Park Shelter House

    1013 13th Ave.

    Rock Valley, IA 51247

     

    Residents can also register for disaster assistance by:

    If you had flood related damage or storm-caused expenses or are self-employed and live in Buena Vista, Cherokee, Clay, Dickinson, Emmet, Humboldt, Lyon, Monona, O’Brien, Osceola, Palo Alto, Plymouth, Pottawattamie, Scott, Sioux and Woodbury counties, FEMA assistance can provide grants to help cover temporary housing, home repairs and other disaster related needs. U.S. Small Business Administration provides loans to help cover home repairs and other disaster-related needs along with business impacts.

    Anyone using a relay service, such as a video relay service (VRS), captioned telephone service or others, can give FEMA number for that service. For an accessible video on three ways to apply for FEMA assistance, visit: https://www.youtube.com/watch?v=LU7wzRjByhI.

    Disaster recovery assistance is available without regard to race, color, religion, nationality, sex, age, disability, English proficiency, or economic status. If you or someone you know has been discriminated against, call FEMA toll-free at 833-285-7448. Press 2 for Spanish. If you use a relay service, such as video relay service (VRS), captioned telephone service or others, give FEMA the number for that service.

    martyce.allenjr

    MIL OSI USA News

  • MIL-OSI Russia: Alexander Novak inspected the exhibition display of equipment and technologies for the fuel and energy complex as part of the Russian Energy Week

    MIL OSI Translation. Region: Russian Federation –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Previous news Next news

    Alexander Novak inspected the exhibition display of equipment and technologies for the fuel and energy complex at the site of the International Forum “Russian Energy Week” (REW)

    Deputy Prime Minister Alexander Novak inspected the exhibition display of equipment and technologies for the fuel and energy complex at the site of the international forum “Russian Energy Week” (REW). He visited the stands of the United Energy Company, the energy complex of the Moscow government, Mosgaz, the Institute of Oil and Gas Technological Initiatives (INTI), Rosstandart, TD Vzlyot, Transneft, “Gas Stations and Logistics – Innovative Solutions for Business Management”, Pipe Metallurgical Company, as well as the exposition of companies from China.

    At the JSC OEK stand, the Deputy Prime Minister was shown a branded Moskvich electric car with a charging station, energy-efficient LED smart lights with built-in lamp control modules, which are currently being installed in Moscow, as well as architectural and artistic lighting devices that transform the facades of the capital’s buildings at night.

    The Mosgaz site displays samples of the latest Russian gas distribution equipment and heat supply sources – from design and documentation development to 3D modeling and production of finished products. The gas workers’ exposition features models of a gas control station, a boiler room, and a mobile boiler room.

    INTI has established itself as an effective mechanism in import substitution and achieving technological sovereignty of Russia. Its task is to approve and further apply professional standards in the production and procurement activities of oil and gas companies together with representatives of business and government. The institute is also working on the implementation of “road maps” for import substitution adopted within the framework of the Coordination Council for Import Substitution of Oil and Gas Equipment in accordance with the formed action plan.

    At the Rosstand, Alexander Novak was shown a model of a laboratory that is part of a universal reference testing center designed to test various products, including electrical equipment, using climatic and resource tests and technical means for electromagnetic compatibility parameters.

    TD Vzlet, a Russian developer and manufacturer of devices and systems for metering the flow of liquids, thermal energy and gases, demonstrated the latest models of flow meters for gas metering at REN.

    The Transneft site features the latest anti-corrosion equipment that ensures the operation of freight and pipeline transport.

    At the stand “Gas stations and logistics – innovative solutions for business management”, Alexander Novak was shown digital solutions for modern gas stations in three areas: logistics, equipment monitoring and gas station management system.

    The stand of the companies from China presents products and technical solutions from 15 companies of the friendly country in the petrochemical and gas chemical industry, including equipment, parts and service solutions.

    The Pipe Metallurgical Company demonstrated technologies for thermochemical impact on unconventional oil-bearing horizons. This is a well assembly complex for the extraction of hard-to-recover reserves. The solution, developed entirely in Russia, will significantly increase the percentage of hydrocarbon extraction and the profitability of developing hard-to-recover reserves.

    In total, the exhibition features stands from 34 participants from various regions of Russia, the Republic of Belarus and China.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://government.ru/nevs/52800/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: Special traffic arrangements for National Day Fireworks Display on October 1

    Source: Hong Kong Government special administrative region

         Police will implement special traffic arrangements on Hong Kong Island and Kowloon to facilitate the National Day Fireworks Display to be held on October 1 (Tuesday).Kowloon——-Crowd safety management measures in Tsim Sha Tsui————————————————-     Police will implement crowd safety management measures in Yau Tsim District and Hung Hom Waterfront Promenade, including pedestrianising roads at Tsim Sha Tsui and Hung Hom Waterfront Promenade in phases.      Depending on the prevailing crowd situation, Police will implement safety measures within the pedestrianised areas including the closure of pedestrian subways and putting up barriers. One-way flow will be applied on overcrowded footbridges and in the vicinity of the waterfront promenade. If necessary, restrictions on access to MTR stations will be put into force by the MTR Corporation Limited.      The Hong Kong Cultural Centre, the vicinity of the Clock Tower, and the Avenue of Stars are known to be popular gathering and vantage points. When these areas are saturated, the crowd will be diverted to other areas.      At present, there are some construction works at the West Kowloon Cultural District. The contractors have erected hoardings and barriers to seal off the area concerned with relevant notices displayed. Members of the public are urged not to enter these sites and not to climb or lean against the barriers.      Members of the public should follow the instructions given by Police officers and take heed of Police signage and broadcasts at scene.Special traffic arrangements—————————-     The following special traffic arrangements will be implemented by phases until the crowd has dispersed and traffic resumes normal:A. Road closure and traffic diversionsPhase I (from 6pm onwards)    The following roads will be closed:- Eastbound and westbound Hung Hom Bypass between Salisbury Road and Hung Hom Road;- Southbound and northbound Hung Hom Bypass between Salisbury Road and Metropolis Drive;- Southbound Salisbury Road between Hong Chong Road and Hung Hom Bypass;- Eastbound and westbound Salisbury Road between Science Museum Road and Kowloon Park Drive, including Salisbury Road’s eastbound and westbound underpass;- The U-turn slip road of Salisbury Road leading from eastbound Salisbury Road U-turn to westbound Salisbury Road;- Hong Wan Path;- Mody Lane;- Mody Road;- Mody Square;- Granville Square;- Granville Road between Chatham Road South and Science Museum Road, except for franchised buses and green minibuses (GMBs) (the road will be will be re-routed to one-way eastbound);- Southbound Chatham Road South between Cheong Wan Road and Salisbury Road;- Southbound Chatham Road South between Cheong Wan Road and Granville Road, except for franchised buses and GMBs;- Northbound Chatham Road South between Granville Road and Salisbury Road;- Southbound and northbound Carnarvon Road between Granville Road and Nathan Road;- Hau Fook Street;- Cameron Lane;- Cameron Road;- Humphreys Avenue;- Prat Avenue;- Hart Avenue;- Hanoi Road;- Bristol Avenue;- Minden Row;- Minden Avenue;- Blenheim Avenue;- Middle Road;- Northbound Nathan Road between Austin Road and Salisbury Road;- Southbound Nathan Road between Granville Road and Salisbury Road;- Southbound Kowloon Park Drive between Canton Road and Salisbury Road;- Southbound Canton Road between Kowloon Park Drive and Salisbury Road;- Ashley Road;- Hankow Road;- Lock Road;- Haiphong Road;- Ichang Street; and- Peking Road.    During the above road closure period, the following traffic diversions will be implemented:- Traffic along southbound Hung Hom Road will be directed from Hung Hom Bypass to Cheong Tung Road South roundabout;- Traffic along eastbound Metropolis Drive cannot turn right to southbound Hung Hom Bypass;- Traffic along southbound Hung Hom Bypass must turn right to westbound Metropolis Drive;- Traffic along westbound Cheong Wan Road leading to Chatham Road South must turn right to northbound Chatham Road South or go straight to westbound Austin Road, except for franchised buses and GMBs;- Franchised buses and GMBs along southbound Chatham Road South must turn left to eastbound Granville Road;- Franchised buses along southbound Nathan Road must turn right to westbound Public Square Street or westbound Jordan Road;- Traffic along westbound Jordan Road cannot turn left to southbound Canton Road. Vehicles must go straight to Nga Cheung Road direction or turn left to southbound Wui Man Road;- Traffic along southbound Canton Road must make a U-turn to northbound Canton Road outside China Hong Kong City;- Traffic along northbound Kowloon Park Drive cannot turn left to southbound Canton Road;- Traffic along eastbound Salisbury Road must turn left to northbound Kowloon Park Drive;- Traffic along northbound Kowloon Park Drive cannot turn right to Peking Road;- Westbound Granville Road between Nathan Road and Carnarvon Road will turn to eastbound contraflow. Traffic along southbound Nathan Road will be instructed to turn left to eastbound Granville Road;- Traffic along Science Museum Road cannot turn to Mody Road and Granville Road;- Traffic along southbound Salisbury Road near Hong Chong Road will be diverted to Tsim Sha Tsui East; and- Traffic along eastbound Granville Road must turn left to northbound Chatham Road South.Phase II (from 6.30pm onwards)     The following roads will be closed:- Northbound Kowloon Park Drive between Canton Road and Salisbury Road; and- Eastbound and westbound Salisbury Road between Canton Road and Kowloon Park Drive.Phase III (from 7pm onwards)     The following roads will be closed:- The U-turn slip road of Austin Road West near the Xiqu Centre leading from westbound Austin Road West U-turn to eastbound Austin Road West;- The first lane of Austin Road West leading to Austin Road West roundabout;- The U-turn slip road of Austin Road West near The Harbourside leading from eastbound Austin Road West U-turn to westbound Austin Road West;- Museum Drive; and- Cultural Drive.    During the above road closure period, the following traffic diversions will be implemented:- Traffic along eastbound and westbound Austin Road West cannot enter the slip roads of Austin Road West; and- Traffic along southbound Nga Cheung Road entering Austin Road West roundabout cannot turn to Museum Drive. Vehicles will be directed to eastbound Austin Road West or northbound Nga Cheung Road.Phase IV (from 8.45pm onwards)     The following roads will be closed:- Southbound and northbound Nathan Road between Jordan Road and Austin Road;- Eastbound Bowring Street between Pilkem Street and Nathan Road;- Eastbound Tak Shing Street between Tak Hing Street and Nathan Road;- Southbound Nathan Road between Austin Road and Granville Road;- Pine Tree Hill Road;- Hillwood Road;- Carnarvon Road between Kimberley Road and Granville Road;- Shun Yee Street;- Granville Circuit;- Northbound Chatham Road South between Observatory Road and Granville Road;- Kimberley Road between Nathan Road and Observatory Road;- Kimberley Street;- Granville Road between Nathan Road and Chatham Road South;- Southbound and northbound Canton Road between Austin Road and Kowloon Park Drive;- Austin Road West roundabout between the entrance of Austin Road West and the exit and entrance of Museum Drive; and- Southbound and northbound Nga Cheung Road between Jordan Road and Austin Road West.    During the above road closure period, the following traffic diversions will be implemented:- Traffic along southbound Nathan Road must turn right to westbound Jordan Road;- Traffic along westbound Jordan Road cannot turn left to southbound Nathan Road;- Traffic along westbound Austin Road and southbound Cox’s Road cannot turn to Pine Tree Hill Road;- Traffic along Observatory Road cannot turn to westbound Kimberley Street;- Traffic along northbound Pilkem Street cannot turn right to eastbound Bowring Street;- Traffic along eastbound Bowring Street must turn left to northbound Pilkem Street;- Traffic along southbound Canton Road cannot go straight. Vehicles must turn left to eastbound Austin Road or turn right to westbound Austin Road West;- Traffic along eastbound Austin Road West cannot turn right. Vehicles must turn left to northbound Canton Road or go straight to eastbound Austin Road;- Traffic along northbound Gateway Boulevard must leave from northbound Kowloon Park Drive;- Traffic along westbound Jordan Road must turn to the Kowloon Station Public Transport Interchange after turning left to southbound Nga Cheung Road;- Traffic along westbound Austin Road West must go straight to Nga Cheung Road elevated road; and- Traffic along southbound Nga Cheung Road entering Austin Road West roundabout must turn left to eastbound Austin Road West.Contingency plan     If necessary, the following roads will be closed:- Hung Luen Road between Wa Shun Street and Hung Lok Road;- Oi King Street; and- Kin Wan Street.     During the above road closure period, the following traffic diversions will be implemented:- Traffic along westbound Hung Luen Road must turn left to Wa Shun Street;- Traffic along Wa Shun Street must turn right to eastbound Hung Luen Road;- Traffic along southbound Hung Lok Road cannot turn left to eastbound Hung Luen Road; and- Traffic along eastbound Hung Luen Road must turn left to northbound Hung Lok Road.B. Suspension of Bus Terminus and Public Transport Interchange     The following Bus Terminus and Public Transport Interchange will be suspended, until the crowd has dispersed and traffic resumes normal:     The Mody Road Bus Terminus will be suspended from 6pm.     The Star Ferry Bus Terminus will be suspended from 6.30pm.     The China Hong Kong City Public Transport Interchange will be suspended from 8.45pm.C. Suspension of car park     Vehicles will not be permitted to access or leave car parks in the affected areas during the road closure period.D. Suspension of on-street parking spaces     All on-street parking spaces located at Tsim Sha Tsui South (i.e. South of Austin Road) will be suspended from noon on October 1 to 0.01am of the following day.Hong Kong Island—————-A. Road closurePhase I (Before the fireworks display)Central District—————     Tramway Lane outside Lower Peak Tram Station leading from Garden Road to the office of World Wild Fund for Nature Hong Kong will be closed from 2pm to 11.59pm, except for franchised buses.Wan Chai North————–     Expo Drive East at the north of Expo Drive outside Golden Bauhinia Square including the pick-up and drop-off areas will be closed from 4pm to 11.59pm.     The following roads will be closed from 7.30pm onwards:Central District—————- Man Kwong Street;- Man Fai Street;- Man Yiu Street between Man Kwong Street and Man Po Street;- Loading and unloading area outside Central Ferry Piers 7, 8 and 9; and- Unnamed Road near Lung Wo Road outside General Post Office.Central – Wan Chai Bypass————————- – The slip road linking eastbound Central – Wan Chai Bypass to Expo Drive;- The slip road linking Lung Wo Road to eastbound Central – Wan Chai Bypass; and- The slip road linking westbound Central – Wan Chai Bypass to Lung Wo Road.Wan Chai North————— Eastbound Fenwick Pier Street;- Lung King Street;- Eastbound Harbour Road;- Expo Drive;- Expo Drive Central;- Expo Drive East;- Lung Wo Road between Lung Hop Street and Fleming Road;- Lung Tat Path;- Convention Avenue;- Fleming Road Flyover;- Fleming Road between Expo Drive and Harbour Road;- Northbound Tonnochy Road between eastbound Harbour Road and Hung Hing Road;- Southbound Tonnochy Road between Hung Hing Road and Gloucester Road;- Marsh Road between Gloucester Road and Hung Hing Road;- Marsh Road Flyover;- Marsh Road between Hennessy Road and Lockhart Road;- Hung Hing Road;- Hung Hing Road Flyover;- Wan Shing Street; and- Wan Ying Street.Peak Area———- Northbound Peak Road beyond the car park entrance of Peak Galleria, except for residents’ vehicles;- Barker Road, except for residents’ vehicles;- All laybys along Stubbs Road between Peak Road and Stubbs Road roundabout; and- All laybys along Magazine Gap Road between Peak Road and May Road.     The following roads will be closed from 8pm onwards:Eastern District————– Watson Road;- Whitfield Road;- Glass Street;- King Ming Road;- Hing Fat Street northward of Whitfield Road; and- Victoria Park Road (Causeway Bay Typhoon Shelter).     The following roads will be closed from 8.15pm onwards:Central District————— Yiu Sing Street;- Lung Wo Road;- Edinburgh Place;- Tim Wa Avenue;- Legislative Council Road;- Tim Mei Avenue;- Lung Wui Road;- Lung Hop Street;- Unnamed road between Harcourt Road and Performing Arts Avenue;- Performing Arts Avenue; and- Edinburgh Place.Wan Chai North————— Tonnochy Road Flyover;- Northbound Tonnochy Road between Gloucester Road and Harbour Road;- Westbound Harbour Road;- Harbour Drive;- Fleming Road between Gloucester Road and Harbour Road; and- Fenwick Street between Gloucester Road and Harbour Road.Phase II (During the fireworks display)     The following roads will be closed from 8.55pm to 9.28pm:Eastern District—————– Westbound Island Eastern Corridor between Victoria Park Road and Man Hong Street, except for franchised buses;- Slip roads leading to westbound Island Eastern Corridor from Healthy Street Central and Tong Shui Road; and- Westbound Central – Wan Chai Bypass.Phase III (After the fireworks display)     The following roads will be closed from 8.55pm onwards:Central District————— Man Yiu Street between Man Cheung Street and Man Po Street;- Man Po Street; and- Finance Street between Man Yiu Street and Man Po Street.Wan Chai South————— Lockhart Road between Percival Street and Luard Road;- Jaffe Road between Percival Street and Luard Road;- Southbound Luard Road between Gloucester Road and Jaffe Road;- O’Brien Road;- Fleming Road between Gloucester Road and Hennessy Road;- Stewart Road;- Tonnochy Road between Gloucester Road and Hennessy Road;- Marsh Road between Gloucester Road and Hennessy Road;- Canal Road West between Gloucester Road and Hennessy Road;- Canal Road East between Gloucester Road and Hennessy Road;- If necessary, Percival Street between Lockhart Road and Gloucester Road; and- If necessary, westbound Gloucester Road service road between Percival Street and Canal Road East.B. Traffic Diversions     In connection with the above road closure, the following traffic diversions will be implemented:From 7.30pm onwards:- Rumsey Street between Chung Kong Road and Connaught Road Central will be re-routed to one-way southbound; and- All uphill traffic along Peak Road towards Harlech Road, Lugard Road and Mount Austin Road will be diverted downhill via the slip road beside the car park entrance at the Peak Galleria, except for residents’ vehicles or vehicles with permits.From 8.55pm to 9.28pm:     Traffic along westbound Island Eastern Corridor will be diverted to Man Hong Street.From 8.55pm onwards:     Traffic along eastbound Connaught Road West Flyover will be diverted to Finance Street.C. Suspension of parking spaces     All on-street metered, motorcycle and disabled parking spaces (Meter nos: 3186 to 3188, 3190 to 3193 and 3197) at Tramway Lane outside Lower Peak Tram Station will be suspended from 1pm to 11pm.     All on-street parking spaces at Expo Drive East at the north of Expo Drive outside Golden Bauhinia Square will be suspended from 4pm to 11.59pm.     All on-street metered and motorcycle parking spaces at Victoria Peak Garden and Mount Austin Road (Meter nos: 1515(A/B) to 1518(A/B), 1523(A/B) to 1526(A/B), 1519A, 1520A, 1521(A/B) and 1522B) will be suspended from 7pm to 11.59pm.     All parking spaces at the following locations will be suspended from 3pm to 11.59pm:- Man Kwong Street;- Ying Sing Street;- Lung Wo Road;- Unnamed Road near Lung Wo Road outside General Post Office;- Edinburgh Place;- Lung Wui Road; and- Lung Hop Street.     All parking spaces at the following locations will be suspended from 4pm to 11.59pm:- Hung Hing Road;- Expo Drive;- Expo Drive East;- Convention Avenue;- Wan Shing Street;- Gloucester Road service road;- Stewart Road between Jaffe Road and Gloucester Road service road;- Marsh Road between Hennessy Road and Lockhart Road;- Jaffe Road between Percival Street and Luard Road; and- Lockhart Road between Percival Street and Luard Road.     All parking spaces at the following locations will be suspended from 7pm to 11.59pm:- Watson Road; and- Whitfield Road.D. Suspension of Public Transport Interchange     The Exhibition Centre Station Public Transport Interchange and Man Yiu Street Public Transport Interchange will be suspended from 6.30pm to 11.59pm.E. Suspension of car parks     Vehicles parked in car parks within the above closed areas at North Point, Wan Chai North, Wan Chai South and Central District will not be permitted to enter/leave the car parks during the road closure period.     If necessary, the vehicular entrance/exit along on westbound Gloucester Road between Paterson Street and Percival Street will be closed without prior notice.     Any vehicles found illegally parked within the precincts mentioned above will be towed away without prior warning, and may be subject to multiple ticketing.     Members of the public are advised to use public transport to access the above areas. They should pay attention to the latest special traffic arrangements announced by the Transport Department and the latest weather news released by the Hong Kong Observatory. Actual implementation of the crowd safety management measures and traffic arrangements will be made depending on traffic and crowd conditions in the areas. Members of the public are advised to exercise tolerance and patience and take heed of instructions of the Police on site.     If the cancellation of the fireworks display is announced by the organiser, the above-mentioned crowd safety management measures and special traffic arrangements will not be implemented.

    MIL OSI Asia Pacific News

  • MIL-OSI: CD47 Targeted Cancer Immunotherapy Drugs Clinical Trials FDA Approval Insight

    Source: GlobeNewswire (MIL-OSI)

    Delhi, Sept. 26, 2024 (GLOBE NEWSWIRE) — Global CD47 Inhibitor Drug Clinical Trials Insight & Market Opportunity Outlook 2028 Report Highlights

    • Global & Regional Market Opportunity Outlook
    • Insight On More Than 100 CD47 Inhibitor Drugs In Clinical Trials
    • Global CD47 Inhibitors Clinical Trials Insight By Company, Country, Indication & Phase
    • Orphan, Fast Track, Breakthrough Therapy Designation Insight
    • Key Drugs Initiation & Completion Year
    • CD47 Clinical Application & Development Outlook By Indication
    • CD47 Inhibitor Drugs Clinical Developments & Trends By Country
    • Global CD47 Inhibitor Drug Market Dynamics

    Download Report:

    https://www.kuickresearch.com/report-cd47-antibody-cd47-inhibitor-cd47-function-cd47-expression-cd47-t-cells-cd47-marker-anti-cd47-antibody

    Traditionally, cancer management has primarily relied on surgery, radiation therapy, and chemotherapy. While these treatments have demonstrated significant efficacy in eradicating primary tumors, they are accompanied by systemic toxicities and high rates of relapse, which represent major limitations. The increasing prevalence of cancer and the shortcomings of conventional therapies have driven the demand for novel targeted therapies that can address these limitations while enhancing specificity and targeting capabilities against the disease. One such innovative approach involves targeting the CD47 surface checkpoint, which can inhibit cancer proliferation.

    Cancer immunotherapy has emerged as a promising strategy capable of overcoming the challenges associated with traditional cancer treatments. This novel therapy aims to harness the immune system’s ability to recognize, target, and destroy cancer cells. Preliminary and clinical studies have shown that CD47 proteins are overexpressed in various tumor types. A primary factor contributing to the hallmark characteristics of cancer is the inhibition of macrophage phagocytosis due to the blockade of the CD47/SIRPα interaction, which sends a “don’t eat me” signal to macrophages. Consequently, multiple antibodies targeting the CD47 checkpoint are currently in development to reduce cancer cell proliferation.

    Moreover, CD47-targeted therapies aim to utilize various components of the immune system, acting at different stages of the immune response to enhance the body’s natural defense against target cells. In support of this hypothesis, numerous clinical studies are underway. For example, HX009 is a recombinant humanized anti-CD47/PD-1 bifunctional antibody under development and clinical investigation by Waterstone Hanxbio. An ongoing Phase 1/2 clinical trial is assessing HX009 as a novel treatment for patients advanced solid tumors.

    The therapeutic landscape of immunotherapy now includes a range of agents, such as monoclonal antibodies, immune checkpoint inhibitors, vaccines, antibody-drug conjugates, and more, all aimed at improving outcomes for cancer patients through combination therapies. For example, the novel CD47 inhibitor evorpacept (ALX148) is currently being evaluated in several clinical trials as part of various combination regimens. Specifically, evorpacept is being tested in combination with Cetuximab and Pembrolizumab for the treatment of colorectal cancer, with Venetoclax and Azacitidine for acute myeloid leukemia, and with Rituximab and Lenalidomide for various types of B-cell non-Hodgkin lymphoma.

    Furthermore, regulatory bodies have been supportive towards the growing class of CD47-targeting therapies, as suggested by the recent IND clearances and the awarding of drug designations. FDA granted the fast track designation to PT217, a bispecific antibody targeting CD47 and DLL3, in April 2024, while China’s NMPA also accepted Immuneonco’s clinical trial application to conduct pivotal phase 3 clinical studies for its CD47 inhibitor IMM-01, in combination with the PD-1 Inhibitor tislelizumab. All these factors indicate that the CD47 market is expanding rapidly and is expected to grow further due to the rising incidence of cancer, which is projected to increase in the coming years.

    Additionally, the involvement of multiple pharmaceutical companies in the field of CD47-targeted immunotherapy has spurred growth in clinical research. Various organizations, hospitals, and centers, such as The First Affiliated Hospital of Soochow University, Cancer Hospital Chinese Academy of Medical Sciences, and Zhejiang Cancer Hospital, are conducting clinical trials to address cancer-related ailments.

    In summary, immunotherapy targeting the CD47 protein has emerged as a breakthrough therapy in cancer management, demonstrating promising responses in patients. Although no therapies have yet been approved for the commercial market, several CD47-targeted immunotherapies are anticipated to enter the market soon, driven by a surge in clinical trials and research in this area. Currently, the United States leads the CD47 immunotherapy sector; however, developing countries like China are increasingly engaging in numerous preclinical and clinical studies in this domain, fueled by technological advancements, a rising cancer patient population, and expanding collaborations.

    The MIL Network

  • MIL-OSI Europe: Montenegro’s digital transition starts at school

    Source: European Investment Bank

    Decades of urbanisation and funding shortages have placed a strain on Montenegro’s education system. Now, with funding from Team Europe, the country is investing in its education system to prepare students with the skills they need for the job market and the Western Balkan country’s bid to join Europe’s single market.

    The government’s new Montenegro education programme aims to transform the learning experience for generations of pupils and provide them with the skills required for innovation and growth.

    The funds will enable the reconstruction, digitalisation and equipping of 13 education facilities, including kindergartens, primary, vocational and secondary schools. The investments will create up to 1,700 new places for pupils and 530 full-time jobs for teachers, once the project is completed in 2027.

    “The education sector in Montenegro is in need of attention and faces many challenges,” says Yngve Engstrom, Head of Cooperation at the EU Delegation to Montenegro.

    “We hope that these investments will improve the conditions for Montenegrin students, teachers and other school personnel and that they will support the comprehensive reforms needed in the education sector,” he added.

    EU funds will also finance the construction of a new primary school in the capital city, Podgorica, that will use at least 20% less energy and water than comparable facilities and set a new energy efficiency standard for public buildings.

    MIL OSI Europe News

  • MIL-OSI Video: HHS Maternal Health Briefing | September 2024

    Source: United States of America – Federal Government Departments (video statements)

    The Department of Health and Human Services (HHS) Office of Intergovernmental and External Affairs (IEA) host a briefing on Maternal Health policies and programs. Speakers included senior officials and subject matter experts from the Centers for Disease Control (CDC), the Health Resources and Services Administration (HRSA), the Substance Abuse and Mental Health Services Administration (SAMHSA), the National Institute of Health (NIH), the Office of the Assistant Secretary for Health (OASH), and Centers for Medicare and Medicaid Services (CMS), and others. For more information, contact the Office of Intergovernmental and External Affairs at partnerwithus@hhs.gov for more information.

    U.S. Department of Health and Human Services (HHS) | http://www.hhs.gov

    http://www.Twitter.com/HHSGov | http://www.Facebook.com/HHS http://www.Instagram.com/HHSGov
    http://www.LinkedIn.com/company/us-department-of-health-and-human-services

    HHS Privacy Policy: http://www.hhs.gov/Privacy.html

    https://www.youtube.com/watch?v=pf39Cz784Ho

    MIL OSI Video

  • MIL-OSI: RBC iShares Expands Access to BlackRock’s Award-Winning Investment Platform with Active ETFs

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Sept. 26, 2024 (GLOBE NEWSWIRE) —  Today, RBC iShares expands access to BlackRock’s award-winning investment platform with the launch of two active bond ETFs (collectively the iShares Funds).1 The iShares Funds provide clients with the best of BlackRock’s fixed income investment insights in liquid, transparent and cost-effective ETFs.

    The iShares Flexible Monthly Income ETF (XFLI, XFLI.U) invests in the BlackRock Flexible Income ETF (BINC)2, managed by Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock. The strategy will also be available hedged to the Canadian dollar with the listing of the iShares Flexible Monthly Income ETF (CAD-Hedged)(XFLX). The iShares Funds seek to deliver monthly income by primarily allocating to hard-to-reach global fixed income sectors, such as high yield, emerging markets debt and securitized assets.

    The iShares Flexible Monthly Income ETF has now closed the initial offering of its units and the units will be listed on the Toronto Stock Exchange (TSX) when markets open today. The units of the iShares Flexible Monthly Income ETF (CAD-Hedged) are expected to be listed on the TSX when markets open on October 1, 2024.

    The iShares Funds are designed to complement core bond exposures by providing enhanced yield across the global fixed income opportunity set, unconstrained by traditional benchmarks. They leverage the scale of BlackRock’s US$2.8 trillion fixed income platform,3 providing clients with unparalleled market access.

    Rick Rieder, Chief Investment Officer of Global Fixed Income, BlackRock:

    “Today’s investment environment presents a golden age for fixed income. Investors can achieve high yields without taking on excessive risk. By staying active, agile, and well-diversified, these ETFs aim to capture historic opportunities across fixed income markets whenever and wherever they become available.”

    Helen Hayes, Head of iShares Canada, BlackRock:

    The launch of these ETFs brings the alpha generation capabilities of BlackRock’s global fixed income platform to Canadian investors. The deep resources and specialized market insights of our Fundamental Fixed Income Team will provide investors exposure to less accessible sectors of fixed Income, further enabling opportunities to capitalize on the strong yield environment.”

    The new iShares Funds are noted in the table below and will be managed by BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect wholly-owned subsidiary of BlackRock, Inc.

    Fund Name Ticker Management Fee4 Listing Date
    iShares Flexible Monthly Income ETF XFLI
    XFLI.U
    0.55 % September 26, 2024
    iShares Flexible Monthly Income ETF (CAD-Hedged) XFLX 0.55 % October 1, 20245

    RBC iShares aims to help clients achieve their investment objectives by empowering them to build efficient portfolios and take control of their financial futures. RBC iShares is committed to delivering a truly differentiated ETF experience and positive outcomes for clients.

    For more information about RBC iShares, please visit https://www.rbcishares.com.

    About BlackRock        

    BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit http://www.blackrock.com/corporate.

    About iShares ETFs

    iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1400+ exchange traded funds (ETFs) and US$3.86 trillion in assets under management as of June 30, 2024, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock.

    iShares® ETFs are managed by BlackRock Asset Management Canada Limited.
      
    About RBC

    Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 100,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 18 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.

    We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.

    About RBC Global Asset Management
    RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC). RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. RBC Funds, BlueBay Funds, PH&N Funds and RBC ETFs are offered by RBC Global Asset Management Inc. (RBC GAM Inc.) and distributed through authorized dealers in Canada. The RBC GAM group of companies, which includes RBC GAM Inc. (including PH&N Institutional) and RBC Indigo Asset Management Inc., manage approximately $660 billion in assets and have approximately 1,600 employees located across Canada, the United States, Europe and Asia.

    RBC iShares ETFs are comprised of RBC ETFs managed by RBC Global Asset Management Inc. and iShares ETFs managed by BlackRock Asset Management Canada Limited. Commissions, trailing commissions, management fees and expenses all may be associated with investing in ETFs. Please read the relevant prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional.

    ® / TM Trademark(s) of Royal Bank of Canada. Used under license. iSHARES is a registered trademark of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Used under license. © 2023 BlackRock Asset Management Canada Limited and RBC Global Asset Management Inc. All rights reserved.

    Contact for Media:
    Reem Jazar
    Email: reem.jazar@blackrock.com

    1 Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock, was awarded the U.S. Morningstar Award for Investing Excellence: Outstanding Portfolio Manager on March 21, 2023.
    2 Currently, the iShares Funds will, directly or indirectly, invest all or substantially all of their assets in BINC.
    3 Source: BlackRock Q2 2024 Earnings, as of June 30, 2024.

    4 As an annualized percentage of the iShares Fund’s daily net asset value. If applicable, BlackRock Canada or an affiliate is entitled to receive a fee for acting as manager of each iShares ETF in which this iShares Fund may invest (an “underlying product fee” and together with the management fee payable to BlackRock Canada, the “total annual fee”). As the underlying product fees are embedded in the market value of the iShares ETFs in which this iShares Fund may invest, any underlying product fees are borne indirectly by this iShares Fund. BlackRock Canada will adjust the management fee payable to it by this iShares Fund to ensure that the total annual fees paid directly or indirectly to BlackRock Canada and its affiliates by this iShares Fund will not exceed the percentage of the NAV set out above. The total annual fee is exclusive of HST. Any underlying product fees borne indirectly by this iShares Fund are calculated and accrued daily and are paid not less than annually.
    5 Listing date is subject to regulatory approvals.

    The MIL Network

  • MIL-OSI: G2 Fall 2024 Report Awards 31 Badges to Jitterbit for Rapid Implementation, Customer Support and Business-Friendly Capabilities

    Source: GlobeNewswire (MIL-OSI)

    ALAMEDA, Calif., Sept. 26, 2024 (GLOBE NEWSWIRE) — Jitterbit, a global leader in accelerating business transformation for enterprise systems, today announced its Harmony platform has been recognized as a leader by G2, the world’s largest and most trusted software marketplace. This is the seventh consecutive year Jitterbit has been highly ranked by G2.

    The recognition for Harmony, Jitterbit’s unified, AI-infused low-code platform, includes 31 badges in Integration Platform as a Service (iPaaS), API Management, Electronic Data Interchange (EDI), Rapid Application Development (RAD), Workplace Innovation and No-Code Development. These accolades span the global grid reports for enterprises, mid-market and small businesses.

    “With Harmony, we are bridging the data divide by equipping enterprise teams with a unified platform that automates and orchestrates critical business processes, operations and workflows,” said Vito Salvaggio, SVP of Product Management at Jitterbit. “We’re pleased to be recognized for providing tailored solutions for our customers as demonstrated by our consistently high G2 rankings year after year.”

    Fortune 500 companies consult G2 as their trusted industry source to guide their software decisions. G2 Grid Reports are released quarterly, ranking products based on authentic peer evaluations collected from the G2 community and aggregated data from online sources. For the fall 2024 quarter, Jitterbit earned the following badges:

    • 11 Leader Badges for iPaaS, API Management, EDI and RAD
    • 15 High Performer Badges for Workplace Innovation, API Management, EDI, RAD, No-Code Development
    • 3 Badges for EDI – Best Estimated ROI, Fastest Implementation, and Easiest to Use
    • 1 Easiest to Do Business With Badge for Workplace Innovation Platforms
    • 1 Best Support Badge for Workplace Innovation Platforms

    Key G2 Grid Report Highlights

    The Jitterbit Harmony platform was recognized as a Leader in the Grid Reports across iPaaS, API Management, EDI and RAD. Additionally, Jitterbit EDI was specifically recognized for ease of use, return on investment and fast implementation.

    • Leader in the Mid-Market Grid® Report for iPaaS
    • Leader in the Grid® Report for API Management
    • Leader in the Mid-Market Grid® Report for EDI
    • Leader in the Grid® Report for EDI
    • Leader in the Grid® Report for RAD
    • High Performer in the Enterprise Grid® Report for Workplace Innovation Platforms

    Jitterbit Highly Regarded in G2 Rankings
    Jitterbit is ranked 4.6 out of 5 stars on G2. Examples of Jitterbit reviews include:

    • “We have found Jitterbit to be a very rich and full-featured integration platform. While our requirements and workflows are complex and demanding, Jitterbit has always afforded us a clean solution.”
    • “All your integration needs with a cloud platform and a support team that has your back covered…”
    • “Mature, stable, full-featured platform for application deployment.”
    • “Jitterbit makes integration with Salesforce easy. I’ve been using Jitterbit for almost a year now and everything works smooth.”

    To learn more about Jitterbit, please visit http://www.jitterbit.com.

    About G2
    G2 is the world’s largest and most trusted software marketplace. More than 90 million people annually — including employees at all Fortune 500 companies — use G2 to make smarter software decisions based on authentic peer reviews. Thousands of software and services companies of all sizes partner with G2 to build their reputation and grow their business — including Salesforce, HubSpot, Zoom, and Adobe. To learn more about where you go for software, visit http://www.g2.com.

    About Jitterbit Inc.  
    For organizations ready to modernize and innovate, Jitterbit provides a unified AI-infused low-code platform for integration, orchestration, automation, and app development that accelerates business transformation, boosts productivity, and unlocks value. The Jitterbit Harmony platform, including iPaaS, API Manager, App Builder and EDI, future-proofs operations, simplifies complexity and drives innovation for organizations globally. Learn more at http://www.jitterbit.com and follow us on LinkedIn.

    Media Contact:

    Brittni Borrero
    Gabriel Marketing Group (for Jitterbit)
    Phone: 248-931-3418
    Email: brittnib@gabrielmarketing.com

    The MIL Network