NewzIntel.com

Category: Business

  • MIL-OSI Russia: China’s Ministry of Commerce: China is ready to speed up consideration of applications for rare earth metal export licenses

    Translation. Region: Russian Federal

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

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

    BEIJING, June 26 (Xinhua) — China has always attached great importance to maintaining the stability and security of global industrial and supply chains, and has been continuously speeding up the review of rare earth export license applications in accordance with laws and regulations, the Ministry of Commerce said Thursday.

    A certain number of applications that meet the requirements have already been approved in accordance with the law, department spokesman He Yadong said at a regular press briefing, adding that work to review and approve such applications will be continued and strengthened.

    China is willing to strengthen communication and dialogue with relevant countries on export control issues and actively promote trade facilitation within the framework of regulatory requirements, He Yadong added. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: China to Remain Attractive for Global Economy – PM

    Translation. Region: Russian Federal

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

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

    BEIJING, June 26 (Xinhua) — Chinese Premier Li Qiang said Thursday that China’s economy will remain an attractive destination for the global economy in the long term, and the expanding scale and quality of China’s huge market will continue to pay big dividends, offering more trade and investment opportunities to countries.

    Speaking at the opening ceremony of the 10th annual meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB), Li Qiang reiterated China’s commitment to expanding high-level opening-up to the outside world and continuing deep integration into the global economy, which promises to provide new development opportunities for all countries in the world. -0-

    MIL OSI Russia News –

  • MIL-OSI Analysis: Yelp’s addition of a ‘Black-owned’ tag led to a slight drop in business ratings in Detroit

    Source: The Conversation – USA – By Matthew Bui, Assistant Professor of Information and Digital Studies, University of Michigan

    Yelp’s Black-owned tag was designed to help business owners like Don Studvent attract more customers. His restaurant closed in 2018 after nine years in business. AP Photo/Carlos Osorio

    When the online review platform Yelp added a “Black-owned” tag in 2020, it boosted the visibility of Black-owned restaurants in Detroit. It also caused their ratings to drop, according to our recent study.

    Both local and nonlocal reviewers who showed awareness of a restaurant’s Black ownership rated restaurants 3.03 stars on average. Those who did not acknowledge Black ownership gave a rating of 3.78 stars on average. The tag seems to have caused the average rating to drop by attracting more reviewers who were aware of Black ownership.

    Why it matters

    Technology companies often introduce new features and tools to influence user behavior and make their platforms more usable.

    Although Yelp intended to support Black communities with the Black-owned tag, the design intervention was harmful to Black restaurant owners in Detroit because Yelp failed to consider platform and community-based factors that significantly shape user interactions.

    Yelp’s user base is predominantly white, educated and affluent. Making Detroit’s Black-owned restaurants more visible to Yelp users may have amplified cross-cultural interactions and frictions. For example, non-Black users sometimes mentioned “slower” and “rude” service as justifications for lower ratings. Close readings of these reviews hinted at intercultural and communicative clashes.

    And even businesses that don’t select the tag are identified within searches as Black-owned, based on user reviews and relevant links. Yelp doesn’t provide a way for the business to opt out of these search results.

    How we did our work

    To examine the local impacts of Yelp’s Black-owned tag, we collected over 250,000 Yelp reviews of Black- and non-Black-owned restaurants in Detroit and Los Angeles.

    We identified Black-owned restaurants through community-sourced lists for Detroit and Los Angeles and then generated a random sample for the non-Black-owned restaurants.

    We then identified reviews that explicitly noted “Black ownership” for closer analysis.

    Detroit’s Black-owned businesses saw a greater loss in business compared with “ownership-unreported” restaurants during the COVID-19 pandemic. This means they also potentially had more to gain from the new tag.

    We found the awareness of Black ownership on Yelp significantly increased following Yelp’s addition of the Black-owned tag in June 2020. A year after the tag was added, reviews in Detroit mentioned Black ownership 4.3% more often than a year before it was rolled out.

    Detroit Black-owned restaurants also saw a small temporary spike in their number of reviews, largely around the time Yelp added the Black-owned tag. At the same time, the restaurants’ average star ratings dropped from 3.91 to 3.88. In contrast, non-Black-owned restaurants’ ratings stayed relatively steady at 3.90.

    This metric is an aggregate of all Detroit restaurants’ Yelp reviews over their entire existence, so a .03-star rating change is small but significant.

    Even minor changes to star ratings affect the number of diners restaurants attract, their earning potential and the likelihood they will sell out of food.

    Adding obstacles in digital platforms serves to reproduce and amplify inequalities these businesses already face, rather than alleviate them. For example, Black-owned businesses have a harder time getting loans and are relatively underrepresented in Michigan as a whole.

    These findings may seem surprising given that Detroit is a majority Black city. However, Black users on Yelp are a minority. Keeping in mind the skewed user base of Yelp, we hypothesize the lower reviews for businesses featuring a Black-owned tag reflect existing racial and digital divides in the city.

    Generally, our study provides additional evidence that digital interventions are not “one-size-fits-all,” nor is digital visibility inherently positive for all businesses.

    The Research Brief is a short take on interesting academic work.

    This research was supported by a research grant from the Ewing Marion Kauffman Foundation.

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

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

    – ref. Yelp’s addition of a ‘Black-owned’ tag led to a slight drop in business ratings in Detroit – https://theconversation.com/yelps-addition-of-a-black-owned-tag-led-to-a-slight-drop-in-business-ratings-in-detroit-256306

    MIL OSI Analysis –

  • MIL-OSI Analysis: Yelp’s addition of a ‘Black-owned’ tag led to a slight drop in business ratings in Detroit

    Source: The Conversation – USA – By Matthew Bui, Assistant Professor of Information and Digital Studies, University of Michigan

    Yelp’s Black-owned tag was designed to help business owners like Don Studvent attract more customers. His restaurant closed in 2018 after nine years in business. AP Photo/Carlos Osorio

    When the online review platform Yelp added a “Black-owned” tag in 2020, it boosted the visibility of Black-owned restaurants in Detroit. It also caused their ratings to drop, according to our recent study.

    Both local and nonlocal reviewers who showed awareness of a restaurant’s Black ownership rated restaurants 3.03 stars on average. Those who did not acknowledge Black ownership gave a rating of 3.78 stars on average. The tag seems to have caused the average rating to drop by attracting more reviewers who were aware of Black ownership.

    Why it matters

    Technology companies often introduce new features and tools to influence user behavior and make their platforms more usable.

    Although Yelp intended to support Black communities with the Black-owned tag, the design intervention was harmful to Black restaurant owners in Detroit because Yelp failed to consider platform and community-based factors that significantly shape user interactions.

    Yelp’s user base is predominantly white, educated and affluent. Making Detroit’s Black-owned restaurants more visible to Yelp users may have amplified cross-cultural interactions and frictions. For example, non-Black users sometimes mentioned “slower” and “rude” service as justifications for lower ratings. Close readings of these reviews hinted at intercultural and communicative clashes.

    And even businesses that don’t select the tag are identified within searches as Black-owned, based on user reviews and relevant links. Yelp doesn’t provide a way for the business to opt out of these search results.

    How we did our work

    To examine the local impacts of Yelp’s Black-owned tag, we collected over 250,000 Yelp reviews of Black- and non-Black-owned restaurants in Detroit and Los Angeles.

    We identified Black-owned restaurants through community-sourced lists for Detroit and Los Angeles and then generated a random sample for the non-Black-owned restaurants.

    We then identified reviews that explicitly noted “Black ownership” for closer analysis.

    Detroit’s Black-owned businesses saw a greater loss in business compared with “ownership-unreported” restaurants during the COVID-19 pandemic. This means they also potentially had more to gain from the new tag.

    We found the awareness of Black ownership on Yelp significantly increased following Yelp’s addition of the Black-owned tag in June 2020. A year after the tag was added, reviews in Detroit mentioned Black ownership 4.3% more often than a year before it was rolled out.

    Detroit Black-owned restaurants also saw a small temporary spike in their number of reviews, largely around the time Yelp added the Black-owned tag. At the same time, the restaurants’ average star ratings dropped from 3.91 to 3.88. In contrast, non-Black-owned restaurants’ ratings stayed relatively steady at 3.90.

    This metric is an aggregate of all Detroit restaurants’ Yelp reviews over their entire existence, so a .03-star rating change is small but significant.

    Even minor changes to star ratings affect the number of diners restaurants attract, their earning potential and the likelihood they will sell out of food.

    Adding obstacles in digital platforms serves to reproduce and amplify inequalities these businesses already face, rather than alleviate them. For example, Black-owned businesses have a harder time getting loans and are relatively underrepresented in Michigan as a whole.

    These findings may seem surprising given that Detroit is a majority Black city. However, Black users on Yelp are a minority. Keeping in mind the skewed user base of Yelp, we hypothesize the lower reviews for businesses featuring a Black-owned tag reflect existing racial and digital divides in the city.

    Generally, our study provides additional evidence that digital interventions are not “one-size-fits-all,” nor is digital visibility inherently positive for all businesses.

    The Research Brief is a short take on interesting academic work.

    This research was supported by a research grant from the Ewing Marion Kauffman Foundation.

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

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

    – ref. Yelp’s addition of a ‘Black-owned’ tag led to a slight drop in business ratings in Detroit – https://theconversation.com/yelps-addition-of-a-black-owned-tag-led-to-a-slight-drop-in-business-ratings-in-detroit-256306

    MIL OSI Analysis –

  • MIL-OSI Analysis: Self-censorship and the ‘spiral of silence’: Why Americans are less likely to publicly voice their opinions on political issues

    Source: The Conversation – USA – By James L. Gibson, Sidney W. Souers Professor of Government, Washington University in St. Louis

    Polarization has led many people to feel they’re being silenced. AP Photo/Andrew Harnik

    For decades, Americans’ trust in one another has been on the decline, according to the most recent General Social Survey.

    A major factor in that downshift has been the concurrent rise in the polarization between the two major political parties. Supporters of Republicans and Democrats are far more likely than in the past to view the opposite side with distrust.

    That political polarization is so stark that many Americans are now unlikely to have friendly social interactions, live nearby or congregate with people from opposing camps, according to one recent study.

    Social scientists often refer to this sort of animosity as “affective polarization,” meaning that people not only hold conflicting views on many or most political issues but also disdain fellow citizens who hold different opinions. Over the past few decades, such affective polarization in the U.S. has become commonplace.

    Polarization undermines democracy by making the essential processes of democratic deliberation – discussion, negotiation, compromise and bargaining over public policies – difficult, if not impossible. Because polarization extends so broadly and deeply, some people have become unwilling to express their views until they’ve confirmed they’re speaking with someone who’s like-minded.

    I’m a political scientist, and I found that Americans were far less likely to publicly voice their opinions than even during the height of the McCarthy-era Red Scare.

    A supporter of Donald Trump tries to push past demonstrators in Philadelphia on June 30, 2023.
    AP Photo/Nathan Howard

    The muting of the American voice

    According to a 2022 book written by political scientists Taylor Carlson and Jaime E. Settle, fears about speaking out are grounded in concerns about social sanctions for expressing unwelcome views.

    And this withholding of views extends across a broad range of social circumstances. In 2022, for instance, I conducted a survey of a representative sample of about 1,500 residents of the U.S. I found that while 45% of the respondents were worried about expressing their views to members of their immediate family, this percentage ballooned to 62% when it came to speaking out publicly in one’s community. Nearly half of those surveyed said they felt less free to speak their minds than they used to.

    About three to four times more Americans said they did not feel free to express themselves, compared with the number of those who said so during the McCarthy era.

    Censorship in the US and globally

    Since that survey, attacks on free speech have increased markedly, especially under the Trump administration.

    Issues such as the Israeli war in Gaza, activist campaigns against “wokeism,” and the ever-increasing attempts to penalize people for expressing certain ideas have made it more difficult for people to speak out.

    The breadth of self-censorship in the U.S. in recent times is not unprecedented or unique to the U.S. Indeed, research in Germany, Sweden and elsewhere have reported similar increases in self-censorship in the past several years.

    How the ‘spiral of a silence’ explains self-censorship

    In the 1970s, Elisabeth Noelle-Neumann, a distinguished German political scientist, coined the term the “spiral of silence” to describe how self-censorship arises and what its consequences can be. Informed by research she conducted on the 1965 West German federal election, Noelle-Neumann observed that an individual’s willingness to publicly give their opinion was tied to their perceptions of public opinion on an issue.

    The so-called spiral happens when someone expresses a view on a controversial issue and then encounters vigorous criticism from an aggressive minority – perhaps even sharp attacks.

    People rally at the University of California, Berkeley, to protest the Trump administration on March 19, 2025.
    AP Photo/Godofredo A. Vásquez

    A listener can impose costs on the speaker for expressing the view in a number of ways, including criticism, direct personal attacks and even attempts to “cancel” the speaker through ending friendships or refusing to attend social events such as Thanksgiving or holiday dinners.

    This kind of sanction isn’t limited to just social interactions but also when someone is threatened by far bigger institutions, from corporations to the government. The speaker learns from this encounter and decides to keep their mouth shut in the future because the costs of expressing the view are simply too high.

    This self-censorship has knock-on effects, as views become less commonly expressed and people are less likely to encounter support from those who hold similar views. People come to believe that they are in the minority, even if they are, in fact, in the majority. This belief then also contributes to the unwillingness to express one’s views.

    The opinions of the aggressive minority then become dominant. True public opinion and expressed public opinion diverge. Most importantly, the free-ranging debate so necessary to democratic politics is stifled.

    Not all issues are like this, of course – only issues for which a committed and determined minority exists that can impose costs on a particular viewpoint are subject to this spiral.

    The consequences for democratic deliberation

    The tendency toward self-censorship means listeners are deprived of hearing the withheld views. The marketplace of ideas becomes skewed; the choices of buyers in that marketplace are circumscribed. The robust debate so necessary to deliberations in a democracy is squelched as the views of a minority come to be seen as the only “acceptable” political views.

    No better example of this can be found than in the absence of debate in the contemporary U.S. about the treatment of the Palestinians by the Israelis, whatever outcome such vigorous discussion might produce. Fearful of consequences, many people are withholding their views on Israel – whether Israel has committed war crimes, for instance, or whether Israeli members of government should be sanctioned – because they fear being branded as antisemitic.

    Many Americans are also biting their tongues when it comes to DEI, affirmative action and even whether political tolerance is essential for democracy.

    But the dominant views are also penalized by this spiral. By not having to face their competitors, they lose the opportunity to check their beliefs and, if confirmed, bolster and strengthen their arguments. Good ideas lose the chance to become better, while bad ideas – such as something as extreme as Holocaust denial – are given space to flourish.

    The spiral of silence therefore becomes inimical to pluralistic debate, discussion and, ultimately, to democracy itself.

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

    – ref. Self-censorship and the ‘spiral of silence’: Why Americans are less likely to publicly voice their opinions on political issues – https://theconversation.com/self-censorship-and-the-spiral-of-silence-why-americans-are-less-likely-to-publicly-voice-their-opinions-on-political-issues-251979

    MIL OSI Analysis –

  • MIL-OSI Analysis: Self-censorship and the ‘spiral of silence’: Why Americans are less likely to publicly voice their opinions on political issues

    Source: The Conversation – USA – By James L. Gibson, Sidney W. Souers Professor of Government, Washington University in St. Louis

    Polarization has led many people to feel they’re being silenced. AP Photo/Andrew Harnik

    For decades, Americans’ trust in one another has been on the decline, according to the most recent General Social Survey.

    A major factor in that downshift has been the concurrent rise in the polarization between the two major political parties. Supporters of Republicans and Democrats are far more likely than in the past to view the opposite side with distrust.

    That political polarization is so stark that many Americans are now unlikely to have friendly social interactions, live nearby or congregate with people from opposing camps, according to one recent study.

    Social scientists often refer to this sort of animosity as “affective polarization,” meaning that people not only hold conflicting views on many or most political issues but also disdain fellow citizens who hold different opinions. Over the past few decades, such affective polarization in the U.S. has become commonplace.

    Polarization undermines democracy by making the essential processes of democratic deliberation – discussion, negotiation, compromise and bargaining over public policies – difficult, if not impossible. Because polarization extends so broadly and deeply, some people have become unwilling to express their views until they’ve confirmed they’re speaking with someone who’s like-minded.

    I’m a political scientist, and I found that Americans were far less likely to publicly voice their opinions than even during the height of the McCarthy-era Red Scare.

    A supporter of Donald Trump tries to push past demonstrators in Philadelphia on June 30, 2023.
    AP Photo/Nathan Howard

    The muting of the American voice

    According to a 2022 book written by political scientists Taylor Carlson and Jaime E. Settle, fears about speaking out are grounded in concerns about social sanctions for expressing unwelcome views.

    And this withholding of views extends across a broad range of social circumstances. In 2022, for instance, I conducted a survey of a representative sample of about 1,500 residents of the U.S. I found that while 45% of the respondents were worried about expressing their views to members of their immediate family, this percentage ballooned to 62% when it came to speaking out publicly in one’s community. Nearly half of those surveyed said they felt less free to speak their minds than they used to.

    About three to four times more Americans said they did not feel free to express themselves, compared with the number of those who said so during the McCarthy era.

    Censorship in the US and globally

    Since that survey, attacks on free speech have increased markedly, especially under the Trump administration.

    Issues such as the Israeli war in Gaza, activist campaigns against “wokeism,” and the ever-increasing attempts to penalize people for expressing certain ideas have made it more difficult for people to speak out.

    The breadth of self-censorship in the U.S. in recent times is not unprecedented or unique to the U.S. Indeed, research in Germany, Sweden and elsewhere have reported similar increases in self-censorship in the past several years.

    How the ‘spiral of a silence’ explains self-censorship

    In the 1970s, Elisabeth Noelle-Neumann, a distinguished German political scientist, coined the term the “spiral of silence” to describe how self-censorship arises and what its consequences can be. Informed by research she conducted on the 1965 West German federal election, Noelle-Neumann observed that an individual’s willingness to publicly give their opinion was tied to their perceptions of public opinion on an issue.

    The so-called spiral happens when someone expresses a view on a controversial issue and then encounters vigorous criticism from an aggressive minority – perhaps even sharp attacks.

    People rally at the University of California, Berkeley, to protest the Trump administration on March 19, 2025.
    AP Photo/Godofredo A. Vásquez

    A listener can impose costs on the speaker for expressing the view in a number of ways, including criticism, direct personal attacks and even attempts to “cancel” the speaker through ending friendships or refusing to attend social events such as Thanksgiving or holiday dinners.

    This kind of sanction isn’t limited to just social interactions but also when someone is threatened by far bigger institutions, from corporations to the government. The speaker learns from this encounter and decides to keep their mouth shut in the future because the costs of expressing the view are simply too high.

    This self-censorship has knock-on effects, as views become less commonly expressed and people are less likely to encounter support from those who hold similar views. People come to believe that they are in the minority, even if they are, in fact, in the majority. This belief then also contributes to the unwillingness to express one’s views.

    The opinions of the aggressive minority then become dominant. True public opinion and expressed public opinion diverge. Most importantly, the free-ranging debate so necessary to democratic politics is stifled.

    Not all issues are like this, of course – only issues for which a committed and determined minority exists that can impose costs on a particular viewpoint are subject to this spiral.

    The consequences for democratic deliberation

    The tendency toward self-censorship means listeners are deprived of hearing the withheld views. The marketplace of ideas becomes skewed; the choices of buyers in that marketplace are circumscribed. The robust debate so necessary to deliberations in a democracy is squelched as the views of a minority come to be seen as the only “acceptable” political views.

    No better example of this can be found than in the absence of debate in the contemporary U.S. about the treatment of the Palestinians by the Israelis, whatever outcome such vigorous discussion might produce. Fearful of consequences, many people are withholding their views on Israel – whether Israel has committed war crimes, for instance, or whether Israeli members of government should be sanctioned – because they fear being branded as antisemitic.

    Many Americans are also biting their tongues when it comes to DEI, affirmative action and even whether political tolerance is essential for democracy.

    But the dominant views are also penalized by this spiral. By not having to face their competitors, they lose the opportunity to check their beliefs and, if confirmed, bolster and strengthen their arguments. Good ideas lose the chance to become better, while bad ideas – such as something as extreme as Holocaust denial – are given space to flourish.

    The spiral of silence therefore becomes inimical to pluralistic debate, discussion and, ultimately, to democracy itself.

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

    – ref. Self-censorship and the ‘spiral of silence’: Why Americans are less likely to publicly voice their opinions on political issues – https://theconversation.com/self-censorship-and-the-spiral-of-silence-why-americans-are-less-likely-to-publicly-voice-their-opinions-on-political-issues-251979

    MIL OSI Analysis –

  • MIL-OSI Analysis: I’m a physician who has looked at hundreds of studies of vaccine safety, and here’s some of what RFK Jr. gets wrong

    Source: The Conversation – USA – By Jake Scott, Clinical Associate Professor of Infectious Diseases, Stanford University

    Public health experts worry that factually inaccurate statements by Robert F. Kennedy Jr. threaten the public’s confidence in vaccines. Andrew HarnikGetty Images

    In the four months since he began serving as secretary of the Department of Health and Human Services, Robert F. Kennedy Jr. has made many public statements about vaccines that have cast doubt on their safety and on the objectivity of long-standing processes established to evaluate them.

    Many of these statements are factually incorrect. For example, in a newscast aired on June 12, 2025, Kennedy told Fox News viewers that 97% of federal vaccine advisers are on the take. In the same interview, he also claimed that children receive 92 mandatory shots. He has also widely claimed that only COVID-19 vaccines, not other vaccines in use by both children and adults, were ever tested against placebos and that “nobody has any idea” how safe routine immunizations are.

    As an infectious disease physician who curates an open database of hundreds of controlled vaccine trials involving over 6 million participants, I am intimately familiar with the decades of research on vaccine safety. I believe it is important to correct the record – especially because these statements come from the official who now oversees the agencies charged with protecting Americans’ health.

    Do children really receive 92 mandatory shots?

    In 1986, the childhood vaccine schedule contained about 11 doses protecting against seven diseases. Today, it includes roughly 50 injections covering 16 diseases. State school entry laws typically require 30 to 32 shots across 10 to 12 diseases. No state mandates COVID-19 vaccination. Where Kennedy’s “92 mandatory shots” figure comes from is unclear, but the actual number is significantly lower.

    From a safety standpoint, the more important question is whether today’s schedule with additional vaccines might be too taxing for children’s immune systems. It isn’t, because as vaccine technology improved over the past several decades, the number of antigens in each vaccine dose is much lower than before.

    Antigens are the molecules in vaccines that trigger a response from the immune system, training it to identify the specific pathogen. Some vaccines contain a minute amount of aluminum salt that serves as an adjuvant – a helper ingredient that improves the quality and staying power of the immune response, so each dose can protect with less antigen.

    Those 11 doses in 1986 delivered more than 3,000 antigens and 1.5 milligrams of aluminum over 18 years. Today’s complete schedule delivers roughly 165 antigens – which is a 95% reduction – and 5-6 milligrams of aluminum in the same time frame. A single smallpox inoculation in 1900 exposed a child to more antigens than today’s complete series.

    Jonas Salk, the inventor of the polio vaccine, administers a dose to a boy in 1954.
    Underwood Archives via Getty Images

    Since 1986, the United States has introduced vaccines against Haemophilus influenzae type b, hepatitis A and B, chickenpox, pneumococcal disease, rotavirus and human papillomavirus. Each addition represents a life-saving advance.

    The incidence of Haemophilus influenzae type b, a bacterial infection that can cause pneumonia, meningitis and other severe diseases, has dropped by 99% in infants. Pediatric hepatitis infections are down more than 90%, and chickenpox hospitalizations are down about 90%. The Centers for Disease Control and Prevention estimates that vaccinating children born from 1994 to 2023 will avert 508 million illnesses and 1,129,000 premature deaths.

    Placebo testing for vaccines

    Kennedy has asserted that only COVID-19 vaccines have undergone rigorous safety trials in which they were tested against placebos. This is categorically wrong.

    Of the 378 controlled trials in our database, 195 compared volunteers’ response to a vaccine with their response to a placebo. Of those, 159 gave volunteers only a salt water solution or another inert substance. Another 36 gave them just the adjuvant without any viral or bacterial material, as a way to see whether there were side effects from the antigen itself or the injection. Every routine childhood vaccine antigen appears in at least one such study.

    The 1954 Salk polio trial, one of the largest clinical trials in medical history, enrolled more than 600,000 children and tested the vaccine by comparing it with a salt water control. Similar trials, which used a substance that has no biological effect as a control, were used to test Haemophilus influenzae type b, pneumococcal, rotavirus, influenza and HPV vaccines.

    Once an effective vaccine exists, ethics boards require new versions be compared against that licensed standard because withholding proven protection from children would be unethical.

    How unknown is the safety of widely used vaccines?

    Kennedy has insisted on multiple occasions that “nobody has any idea” about vaccine safety profiles. Of the 378 trials in our database, the vast majority published detailed safety outcomes.

    Beyond trials, the U.S. operates the Vaccine Adverse Event Reporting System, the Vaccine Safety Datalink and the PRISM network to monitor hundreds of millions of doses for rare problems. The Vaccine Adverse Event Reporting System works like an open mailbox where anyone – patients, parents, clinicians – can report a post-shot problem; the Vaccine Safety Datalink analyzes anonymized electronic health records from large health care systems to spot patterns; and PRISM scans billions of insurance claims in near-real time to confirm or rule out rare safety signals.

    These systems led health officials to pull the first rotavirus vaccine in 1999 after it was linked to bowel obstruction, and to restrict the Johnson & Johnson COVID-19 vaccine in 2021 after rare clotting events. Few drug classes undergo such continuous surveillance and are subject to such swift corrective action when genuine risks emerge.

    The conflicts of interest claim

    On June 9, Kennedy took the unprecedented step of dissolving vetted members of the Advisory Committee on Immunization Practices, the expert body that advises the CDC on national vaccine policy. He has claimed repeatedly that the vast majority of serving members of the committee – 97% – had extensive conflicts of interest because of their entanglements with the pharmaceutical industry. Kennedy bases that number on a 2009 federal audit of conflict-of-interest paperwork, but that report looked at 17 CDC advisory committees, not specifically this vaccine committee. And it found no pervasive wrongdoing – 97% of disclosure forms only contained routine paperwork mistakes, such as information in the wrong box or a missing initial, and not hidden financial ties.

    Reuters examined data from Open Payments, a government website that discloses health care providers’ relationships with industry, for all 17 voting members of the committee who were dismissed. Six received no more than US$80 from drugmakers over seven years, and four had no payments at all.

    The remaining seven members accepted between $4,000 and $55,000 over seven years, mostly for modest consulting or travel. In other words, just 41% of the committee received anything more than pocket change from drugmakers. Committee members must divest vaccine company stock and recuse themselves from votes involving conflicts.

    A term without a meaning

    Kennedy has warned that vaccines cause “immune deregulation,” a term that has no basis in immunology. Vaccines train the immune system, and the diseases they prevent are the real threats to immune function.

    Measles can wipe immune memory, leaving children vulnerable to other infections for years. COVID-19 can trigger multisystem inflammatory syndrome in children. Chronic hepatitis B can cause immune-mediated organ damage. Preventing these conditions protects people from immune system damage.

    Today’s vaccine panel doesn’t just prevent infections; it deters doctor visits and thereby reduces unnecessary prescriptions for “just-in-case” antibiotics. It’s one of the rare places in medicine where physicians like me now do more good with less biological burden than we did 40 years ago.

    The evidence is clear and publicly available: Vaccines have dramatically reduced childhood illness, disability and death on a historic scale.

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

    – ref. I’m a physician who has looked at hundreds of studies of vaccine safety, and here’s some of what RFK Jr. gets wrong – https://theconversation.com/im-a-physician-who-has-looked-at-hundreds-of-studies-of-vaccine-safety-and-heres-some-of-what-rfk-jr-gets-wrong-259659

    MIL OSI Analysis –

  • MIL-OSI Analysis: I’m a physician who has looked at hundreds of studies of vaccine safety, and here’s some of what RFK Jr. gets wrong

    Source: The Conversation – USA – By Jake Scott, Clinical Associate Professor of Infectious Diseases, Stanford University

    Public health experts worry that factually inaccurate statements by Robert F. Kennedy Jr. threaten the public’s confidence in vaccines. Andrew HarnikGetty Images

    In the four months since he began serving as secretary of the Department of Health and Human Services, Robert F. Kennedy Jr. has made many public statements about vaccines that have cast doubt on their safety and on the objectivity of long-standing processes established to evaluate them.

    Many of these statements are factually incorrect. For example, in a newscast aired on June 12, 2025, Kennedy told Fox News viewers that 97% of federal vaccine advisers are on the take. In the same interview, he also claimed that children receive 92 mandatory shots. He has also widely claimed that only COVID-19 vaccines, not other vaccines in use by both children and adults, were ever tested against placebos and that “nobody has any idea” how safe routine immunizations are.

    As an infectious disease physician who curates an open database of hundreds of controlled vaccine trials involving over 6 million participants, I am intimately familiar with the decades of research on vaccine safety. I believe it is important to correct the record – especially because these statements come from the official who now oversees the agencies charged with protecting Americans’ health.

    Do children really receive 92 mandatory shots?

    In 1986, the childhood vaccine schedule contained about 11 doses protecting against seven diseases. Today, it includes roughly 50 injections covering 16 diseases. State school entry laws typically require 30 to 32 shots across 10 to 12 diseases. No state mandates COVID-19 vaccination. Where Kennedy’s “92 mandatory shots” figure comes from is unclear, but the actual number is significantly lower.

    From a safety standpoint, the more important question is whether today’s schedule with additional vaccines might be too taxing for children’s immune systems. It isn’t, because as vaccine technology improved over the past several decades, the number of antigens in each vaccine dose is much lower than before.

    Antigens are the molecules in vaccines that trigger a response from the immune system, training it to identify the specific pathogen. Some vaccines contain a minute amount of aluminum salt that serves as an adjuvant – a helper ingredient that improves the quality and staying power of the immune response, so each dose can protect with less antigen.

    Those 11 doses in 1986 delivered more than 3,000 antigens and 1.5 milligrams of aluminum over 18 years. Today’s complete schedule delivers roughly 165 antigens – which is a 95% reduction – and 5-6 milligrams of aluminum in the same time frame. A single smallpox inoculation in 1900 exposed a child to more antigens than today’s complete series.

    Jonas Salk, the inventor of the polio vaccine, administers a dose to a boy in 1954.
    Underwood Archives via Getty Images

    Since 1986, the United States has introduced vaccines against Haemophilus influenzae type b, hepatitis A and B, chickenpox, pneumococcal disease, rotavirus and human papillomavirus. Each addition represents a life-saving advance.

    The incidence of Haemophilus influenzae type b, a bacterial infection that can cause pneumonia, meningitis and other severe diseases, has dropped by 99% in infants. Pediatric hepatitis infections are down more than 90%, and chickenpox hospitalizations are down about 90%. The Centers for Disease Control and Prevention estimates that vaccinating children born from 1994 to 2023 will avert 508 million illnesses and 1,129,000 premature deaths.

    Placebo testing for vaccines

    Kennedy has asserted that only COVID-19 vaccines have undergone rigorous safety trials in which they were tested against placebos. This is categorically wrong.

    Of the 378 controlled trials in our database, 195 compared volunteers’ response to a vaccine with their response to a placebo. Of those, 159 gave volunteers only a salt water solution or another inert substance. Another 36 gave them just the adjuvant without any viral or bacterial material, as a way to see whether there were side effects from the antigen itself or the injection. Every routine childhood vaccine antigen appears in at least one such study.

    The 1954 Salk polio trial, one of the largest clinical trials in medical history, enrolled more than 600,000 children and tested the vaccine by comparing it with a salt water control. Similar trials, which used a substance that has no biological effect as a control, were used to test Haemophilus influenzae type b, pneumococcal, rotavirus, influenza and HPV vaccines.

    Once an effective vaccine exists, ethics boards require new versions be compared against that licensed standard because withholding proven protection from children would be unethical.

    How unknown is the safety of widely used vaccines?

    Kennedy has insisted on multiple occasions that “nobody has any idea” about vaccine safety profiles. Of the 378 trials in our database, the vast majority published detailed safety outcomes.

    Beyond trials, the U.S. operates the Vaccine Adverse Event Reporting System, the Vaccine Safety Datalink and the PRISM network to monitor hundreds of millions of doses for rare problems. The Vaccine Adverse Event Reporting System works like an open mailbox where anyone – patients, parents, clinicians – can report a post-shot problem; the Vaccine Safety Datalink analyzes anonymized electronic health records from large health care systems to spot patterns; and PRISM scans billions of insurance claims in near-real time to confirm or rule out rare safety signals.

    These systems led health officials to pull the first rotavirus vaccine in 1999 after it was linked to bowel obstruction, and to restrict the Johnson & Johnson COVID-19 vaccine in 2021 after rare clotting events. Few drug classes undergo such continuous surveillance and are subject to such swift corrective action when genuine risks emerge.

    The conflicts of interest claim

    On June 9, Kennedy took the unprecedented step of dissolving vetted members of the Advisory Committee on Immunization Practices, the expert body that advises the CDC on national vaccine policy. He has claimed repeatedly that the vast majority of serving members of the committee – 97% – had extensive conflicts of interest because of their entanglements with the pharmaceutical industry. Kennedy bases that number on a 2009 federal audit of conflict-of-interest paperwork, but that report looked at 17 CDC advisory committees, not specifically this vaccine committee. And it found no pervasive wrongdoing – 97% of disclosure forms only contained routine paperwork mistakes, such as information in the wrong box or a missing initial, and not hidden financial ties.

    Reuters examined data from Open Payments, a government website that discloses health care providers’ relationships with industry, for all 17 voting members of the committee who were dismissed. Six received no more than US$80 from drugmakers over seven years, and four had no payments at all.

    The remaining seven members accepted between $4,000 and $55,000 over seven years, mostly for modest consulting or travel. In other words, just 41% of the committee received anything more than pocket change from drugmakers. Committee members must divest vaccine company stock and recuse themselves from votes involving conflicts.

    A term without a meaning

    Kennedy has warned that vaccines cause “immune deregulation,” a term that has no basis in immunology. Vaccines train the immune system, and the diseases they prevent are the real threats to immune function.

    Measles can wipe immune memory, leaving children vulnerable to other infections for years. COVID-19 can trigger multisystem inflammatory syndrome in children. Chronic hepatitis B can cause immune-mediated organ damage. Preventing these conditions protects people from immune system damage.

    Today’s vaccine panel doesn’t just prevent infections; it deters doctor visits and thereby reduces unnecessary prescriptions for “just-in-case” antibiotics. It’s one of the rare places in medicine where physicians like me now do more good with less biological burden than we did 40 years ago.

    The evidence is clear and publicly available: Vaccines have dramatically reduced childhood illness, disability and death on a historic scale.

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

    – ref. I’m a physician who has looked at hundreds of studies of vaccine safety, and here’s some of what RFK Jr. gets wrong – https://theconversation.com/im-a-physician-who-has-looked-at-hundreds-of-studies-of-vaccine-safety-and-heres-some-of-what-rfk-jr-gets-wrong-259659

    MIL OSI Analysis –

  • MIL-OSI Analysis: Israel-Iran war recalls the 2003 US invasion of Iraq – a war my undergraduate students see as a relic of the past

    Source: The Conversation – USA – By Andrea Stanton, Associate Professor of Islamic Studies & Faculty Affiliate, Center for Middle East Studies, University of Denver

    American troops topple a statue of Saddam Hussein on April 9, 2003, in Baghdad. Gilles Bassignac/Gamma-Rapho via Getty Images

    After 12 days of trading deadly airstrikes, Israel and Iran confirmed on June 24, 2025, that a ceasefire is in effect, one day after President Donald Trump proclaimed the countries reached a deal to end fighting. Experts are wondering how long the ceasefire, which does not contain any specific conditions, will hold.

    Meanwhile, Republicans and Democrats alike have debated whether the Trump administration’s decision to bomb Iran’s three nuclear facilities on June 22 constituted an unofficial declaration of war – since Trump has not asked Congress to formally declare war against Iran.

    The United States’ involvement in the fighting between Iran and Israel, which Israel started on June 12, has also sparked concerned comparisons with the eight-year war the U.S. waged in Iraq, another Middle Eastern country.

    The U.S. invaded Iraq more than 20 years ago in March 2003, claiming it had to disarm the Iraqi government of weapons of mass destruction and end the dictatorial rule of President Saddam Hussein. U.S. soldiers captured Saddam in December 2003, but the war dragged on through 2011.

    A 15-month search by U.S. and United Nations inspectors revealed in 2004 that Iraq had no weapons of mass destruction to seize.

    The Trump administration, bolstered by the Israeli government, has claimed that Iran’s development of nuclear weapons represents an imminent, dangerous threat to Western countries and the rest of the world. Iran says that its nuclear development program is for civilian use. While the International Atomic Energy Agency, an independent organization that is part of the United Nations, monitors Iran and other countries’ nuclear development work, Iran has not complied with recent IAEA requests for information about its nuclear program.

    Trump has also called for regime change in Iran, writing on his Truth Social media platform on June 22 that he wants to “Make Iran Great Again”, though he has since walked back that plan. The case of U.S. involvement in Iraq might offer some lessons in this current moment.

    The start and cost of the Iraq War

    The conflict between Western powers and Iraq dragged on until 2011. More than 4,600 American soldiers died in combat – and thousands more died by suicide after they returned home.

    More than 288,000 Iraqis, including fighters and civilians, have died from war-related violence since the invasion.

    The war cost the U.S. over $2 trillion.

    And Iraq is still dealing with widespread political violence between rival religious-political groups and an unstable government.

    Most of these problems stem directly or indirectly from the war. The 2003 U.S. invasion of Iraq and the war that followed are defining events in the histories of both countries – and the region. Yet, for many young people in the United States, drawing a connection between the war and its present-day impact is becoming more difficult. For them, the war is an artifact of the past.

    I am a Middle East historian and an Islamic studies scholar who teaches two undergraduate courses that cover the 2003 invasion and the Iraq War. My courses attract students who hope to work in politics, law, government and nonprofit groups, and whose personal backgrounds include a range of religious traditions, immigration histories and racial identities.

    The stories of the invasion and subsequent war resonate with them in the same way that stories of other past events do – they’re eager to learn from them, but don’t see them as directly connected to their lives.

    Former President George W. Bush formally declared war on Iraq in a televised address on March 19, 2003.
    Brooks Kraft LLC/Corbis via Getty Images

    A generational shift

    Since I started teaching courses related to the Iraq War in 2010, my students have shifted from millennials to Generation Z. The latter were born between the mid-1990s and early 2010s. There has also been a change in how these students understand major early 21st-century events, including the U.S. invasion of Iraq.

    I teach this event by showing things like former President George W. Bush’s March 19, 2003, televised announcement of the invasion.

    I also teach it through the flow of my lived experience. That includes remembering the Feb. 15, 2003, anti-war protests that took place in over 600 cities around the world as an effort to prevent what appeared to be an inevitable war. And I show students aspects of material culture, like the “Iraqi most wanted” deck of playing cards, distributed to deployed U.S. military personnel in Iraq, who used the cards for games and to help them identify key figures in the Iraq government.

    The millennial students I taught around 2010 recalled the U.S. invasion of Iraq from their early teen years – a confusing but foundational moment in their personal timelines.

    But for the Gen-Z students I teach today, the invasion sits firmly in the past, as a part of history.

    Why this matters

    Since the mid-2010s, I have not been able to expect students to enroll in my course with personal prior knowledge about the invasion and war that followed. In 2013, my students would tell me that their childhoods had been defined by a United States at war – even if those wars happened far from U.S. soil.

    Millennial students considered the trifecta of 9/11, the war in Afghanistan and the war in Iraq to be defining events in their lives. The U.S. and its allies launched airstrikes against al-Qaida and Taliban targets in Afghanistan on Oct. 7, 2001, less than a month after the Sept. 11 terrorist attacks. This followed the Taliban refusing to hand over Osama bin Laden, the architect of 9/11.

    By 2021, my students considered Bush’s actions with the same level of abstract curiosity that they had brought to the class’s earlier examination of the 1957 Eisenhower Doctrine, which said that a country could request help from U.S. military forces if it was being threatened by another country, and was used to justify U.S. military involvement in Lebanon in 1958.

    On an educational level, this means that I now provide much more background information on the first the Gulf War, the 2000 presidential elections, the Bush presidency, the immediate U.S. responses to 9/11 and the Afghanistan invasion than I had to do before. All of these events help students better understand why the U.S. invaded Iraq and why Americans felt so strongly about the military action – whether they were for or against the invasion.

    The Iraq invasion lost popularity among Americans within two years. In March 2003, 71% of Americans said that the U.S. made the right decision to use military force in Iraq.

    That percentage dropped to 47% in 2005, following the revelation that there were no weapons of mass destruction. Yet those supporters continued to strongly endorse the invasion in later polls.

    In 2018, just over half of Americans believed that the U.S. failed to achieve its goals, however those goals might have been defined in Iraq.

    An Iraqi family flees past British tanks from the city of Basra in March 2003.
    Odd Andersen/AFP via Getty Images

    A new set of priorities

    Older Americans age 65 and up are more likely than young people to prioritize foreign policy issues, including maintaining a U.S. military advantage.

    Younger Americans – age 18 to 39 – say the top issues that require urgency are providing support to refugees and limiting U.S. military commitments abroad, according to a 2021 Pew research survey.

    Generation Z members are also less likely than older Americans to think that the U.S. should act by itself in defending or protecting democracy around the world, according to a 2019 poll by the think tank Center for American Progress.

    They also agree with the statement that the United States’ “wars in the Middle East and Afghanistan were a waste of time, lives, and taxpayer money and they did nothing to make us safer at home.” They prefer that the U.S. use economic and diplomatic means, rather than military intervention, to advance American interests around the world.

    Israel’s conflict with Iran may not flare again and give way to more airstrikes and violence. If the countries resume fighting, however, their conflict threatens to draw in Lebanon, Qatar and other countries in the Middle East, as well as likely the U.S. – and to drag on for a long time.

    This is an update from a story originally published on March 15, 2023.

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

    – ref. Israel-Iran war recalls the 2003 US invasion of Iraq – a war my undergraduate students see as a relic of the past – https://theconversation.com/israel-iran-war-recalls-the-2003-us-invasion-of-iraq-a-war-my-undergraduate-students-see-as-a-relic-of-the-past-259652

    MIL OSI Analysis –

  • MIL-OSI Analysis: Using TikTok could be making you more politically polarized, new study finds

    Source: The Conversation – USA – By Zicheng Cheng, Assistant Professor of Mass Communications, University of Arizona

    Are you in an echo chamber on TikTok? LeoPatrizi/E+ via Getty Images

    People on TikTok tend to follow accounts that align with their own political beliefs, meaning the platform is creating political echo chambers among its users. These findings, from a study my collaborators, Yanlin Li and Homero Gil de Zúñiga, and I published in the academic journal New Media & Society, show that people mostly hear from voices they already agree with.

    We analyzed the structure of different political networks on TikTok and found that right-leaning communities are more isolated from other political groups and from mainstream news outlets. Looking at their internal structures, the right-leaning communities are more tightly connected than their left-leaning counterparts. In other words, conservative TikTok users tend to stick together. They rarely follow accounts with opposing views or mainstream media accounts. Liberal users, on the other hand, are more likely to follow a mix of accounts, including those they might disagree with.

    Our study is based on a massive dataset of over 16 million TikTok videos from more than 160,000 public accounts between 2019 and 2023. We saw a spike of political TikTok videos during the 2020 U.S. presidential election. More importantly, people aren’t just passively watching political content; they’re actively creating political content themselves.

    Some people are more outspoken about politics than others. We found that users with stronger political leanings and those who get more likes and comments on their videos are more motivated to keep posting. This shows the power of partisanship, but also the power of TikTok’s social rewards system. Engagement signals – likes, shares, comments – are like a fuel, encouraging users to create even more.

    Why it matters

    People are turning to TikTok not just for a good laugh. A recent Pew Research Center survey shows that almost 40% of U.S. adults under 30 regularly get news on TikTok. The question becomes what kind of news are they watching, and what does that mean for how they engage with politics.

    The content on TikTok often comes from creators and influencers or digital-native media sources. The quality of this news content remains uncertain. Without access to balanced, fact-based information, people may struggle to make informed political decisions.

    TikTok is not unique; social media generally fosters polarization.

    Amid the debates over banning TikTok, our study highlights how TikTok can be a double-edged sword in political communication. It’s encouraging to see people participate in politics through TikTok when that’s their medium of choice. However, if a user’s network is closed and homogeneous and their expression serves as in-group validation, it may further solidify the political echo chamber.

    When people are exposed to one-sided messages, it can increase hostility toward outgroups. In the long run, relying on TikTok as a source for political information might deepen people’s political views and contribute to greater polarization.

    What other research is being done

    Echo chambers have been widely studied on platforms like Twitter and Facebook, but similar research on TikTok is in its infancy. TikTok is drawing scrutiny, particularly its role in news production, political messaging and social movements.

    TikTok has its unique format, algorithmic curation and entertainment-driven design. I believe that its function as a tool for political communication calls for closer examination.

    What’s next

    In 2024, the Biden/Harris and Trump campaigns joined TikTok to reach young voters. My research team is now analyzing how these political communication dynamics may have shifted during the 2024 election. Future research could use experiments to explore whether these campaign videos significantly influence voters’ perceptions and behaviors.

    The Research Brief is a short take on interesting academic work.

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

    – ref. Using TikTok could be making you more politically polarized, new study finds – https://theconversation.com/using-tiktok-could-be-making-you-more-politically-polarized-new-study-finds-258791

    MIL OSI Analysis –

  • MIL-OSI Analysis: Japanese prime minister’s abrupt no-show at NATO summit reveals a strained alliance with the US

    Source: The Conversation – Global Perspectives – By Craig Mark, Adjunct Lecturer, Faculty of Economics, Hosei University

    Japanese Prime Minister Shigeru Ishiba has sent a clear signal to the Trump administration: the Japan–US relationship is in a dire state.

    After saying just days ago he would be attending this week’s NATO summit at The Hague, Ishiba abruptly pulled out at the last minute.

    He joins two other leaders from the Indo-Pacific region, Australian Prime Minister Anthony Albanese and South Korean President Lee Jae-myung, in skipping the summit.

    The Japanese media reported Ishiba cancelled the trip because a bilateral meeting with US President Donald Trump was unlikely, as was a meeting of the Indo-Pacific Four (IP4) NATO partners (Australia, New Zealand, South Korea and Japan).

    Japan will still be represented by Foreign Minister Takeshi Iwaya, showing its desire to strengthen its security relationship with NATO.

    However, Ishiba’s no-show reveals how Japan views its relationship with the Trump administration, following the severe tariffs Washington imposed on Japan and Trump’s mixed messages on the countries’ decades-long military alliance.

    Tariffs and diplomatic disagreements

    Trump’s tariff policy is at the core of the divide between the US and Japan.

    Ishiba attempted to get relations with the Trump administration off to a good start. He was the second world leader to visit Trump at the White House, after Israeli Prime Minister Benjamin Netanyahu.

    However, Trump’s “Liberation Day” tariffs imposed a punitive rate of 25% on Japanese cars and 24% on all other Japanese imports. They are already having an adverse impact on Japan’s economy: exports of automobiles to the US dropped in May by 25% compared to a year ago.

    Six rounds of negotiations have made little progress, as Ishiba’s government insists on full tariff exemptions.

    Japan has been under pressure from the Trump administration to increase its defence spending, as well. According to the Financial Times, Tokyo cancelled a summit between US and Japanese defence and foreign ministers over the demand. (A Japanese official denied the report.)

    Japan also did not offer its full support to the US bombings of Iran’s nuclear facilities earlier this week. The foreign minister instead said Japan “understands” the US’s determination to prevent Iran from acquiring nuclear weapons.

    Japan has traditionally had fairly good relations with Iran, often acting as an indirect bridge with the West. Former Prime Minister Shinzo Abe even made a visit there in 2019.

    Japan also remains heavily dependent on oil from the Middle East. It would have been adversely affected if the Strait of Hormuz had been blocked, as Iran was threatening to do.

    Unlike the response from the UK and Australia, which both supported the strikes, the Ishiba government prioritised its commitment to upholding international law and the rules-based global order. In doing so, Japan seeks to deny China, Russia and North Korea any leeway to similarly erode global norms on the use of force and territorial aggression.

    Strategic dilemma of the Japan–US military alliance

    In addition, Japan is facing the same dilemma as other American allies – how to manage relations with the “America first” Trump administration, which has made the US an unreliable ally.

    Earlier this year, Trump criticised the decades-old security alliance between the US and Japan, calling it “one-sided”.

    “If we’re ever attacked, they don’t have to do a thing to protect us,” he said of Japan.

    Lower-level security cooperation is ongoing between the two allies and their regional partners. The US, Japanese and Philippine Coast Guards conducted drills in Japanese waters this week. The US military may also assist with upgrading Japan’s counterstrike missile capabilities.

    But Japan is still likely to continue expanding its security ties with partners beyond the US, such as NATO, the European Union, India, the Philippines, Vietnam and other ASEAN members, while maintaining its fragile rapprochement with South Korea.

    Australia is now arguably Japan’s most reliable security partner. Canberra is considering buying Japan’s Mogami-class frigates for the Royal Australian Navy. And if the AUKUS agreement with the US and UK collapses, Japanese submarines could be a replacement.

    Ishiba under domestic political pressure

    There are also intensifying domestic political pressures on Ishiba to hold firm against Trump, who is deeply unpopular among the Japanese public.

    After replacing former prime minister Fumio Kishida as leader of the Liberal Democratic Party (LDP) last September, the party lost its majority in the lower house of parliament in snap elections. This made it dependent on minor parties for legislative support.

    Ishiba’s minority government has struggled ever since with poor opinion polling. There has been widespread discontent with inflation, the high cost of living and stagnant wages, the legacy of LDP political scandals, and ever-worsening geopolitical uncertainty.

    On Sunday, the party suffered its worst-ever result in elections for the Tokyo Metropolitan Assembly, winning its lowest number of seats.

    The party could face a similar drubbing in the election for half of the upper house of the Diet (Japan’s parliament) on July 20. Ishiba has pledged to maintain the LDP’s majority in the house with its junior coalition partner Komeito. But if the government falls into minority status in both houses, Ishiba will face heavy pressure to step down.

    Craig Mark 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. Japanese prime minister’s abrupt no-show at NATO summit reveals a strained alliance with the US – https://theconversation.com/japanese-prime-ministers-abrupt-no-show-at-nato-summit-reveals-a-strained-alliance-with-the-us-259694

    MIL OSI Analysis –

  • MIL-OSI Analysis: Oil shocks in the 1970s drove rapid changes in transport. It could happen again if Middle East tensions continue

    Source: The Conversation – Global Perspectives – By Hussein Dia, Professor of Future Urban Mobility, Swinburne University of Technology

    The Image Bank/Getty

    As the world watches the US–Iran situation with concern, the ripple effect from these events are reaching global oil supply chains – and exposing their fragility.

    If Iran closes the Strait of Hormuz as it is considering, it would restrict the global oil trade and trigger energy chaos.

    Petrol in some Australian cities could hit A$2.50 a litre according to some economists. As global instability worsens, other experts warn price spikes are increasingly likely.

    What would happen next? There is a precedent: the oil shocks of the 1970s, when oil prices quadrupled. The shock drove rapid change, from more efficient cars to sudden interest in alternative energy sources. This time, motorists would likely switch to electric vehicles.

    If this crisis continues or if another one flares up, it could mark a turning point in Australia’s long dependence on foreign oil.

    What would an oil shock mean?

    Australia currently imports 80% of its liquid fuels, the highest level on record. If the flow of oil stopped, we would have about 50 days worth in storage before we ran out.

    Our cars, buses, trucks and planes run overwhelmingly on petrol and diesel. Almost three-quarters (74%) of these liquid fuels are used in transport, with road transport accounting for more than half (54%) of all liquid fuels. Australia is highly exposed to global supply shocks.

    The best available option to reduce dependence on oil imports is to electrify transport.

    How does Australia compare on EVs?

    EV uptake in Australia continues to lag behind global leaders. In 2024, EVs accounted for 9.65% of new car sales in Australia, up from 8.45% in 2023.

    In the first quarter of 2025, EVs were 6.3% of new car sales, a decline from 7.4% in the final quarter of 2024.

    Norway remains the global leader, with battery-electric passenger cars making up 88.9% of sales in 2024. The United Kingdom also saw significant growth – EVs hit almost 20% of new car registrations in 2024.

    In China, EVs made up 40.9% of new car sales in 2024. The 12.87 million cars sold represent three-quarters of total EV sales worldwide.

    One reason for Australia’s sluggishness is a lack of reliable public chargers. While charging infrastructure is expanding, large parts of regional Australia still lack reliable access to EV charging.

    Until recently, Australia’s fuel efficiency standards were among the weakest in the OECD. Earlier this year, the government’s new standards came into force. These are expected to boost EV uptake.

    Could global tensions trigger faster action?

    If history is any guide, oil shocks lead to long-term change.

    The 1970s oil shocks triggered waves of energy reform.

    When global oil prices quadrupled in 1973–74, many nations were forced to reconsider where they got their energy. A few years later, the 1979 Iranian Revolution caused another major supply disruption, sending oil prices soaring and pushing much of the world into recession.

    Huge increases in oil prices drove people to look for alternatives during the 1970s oil shocks.
    Everett Collection/Shutterstock

    These shocks drove the formation of the International Energy Agency in 1974, spurred alternative energy investment and led to advances in fuel-efficiency standards.

    Much more recently, Russia’s invasion of Ukraine pushed the European Union to face up to its reliance on Russian gas and find alternatives by importing gas from different countries and accelerating the clean energy shift.

    Clearly, energy shocks can be catalysts for long-term structural change in how we produce and consume energy.

    The new crisis could do the same, but only if policy catches up.

    If fuel prices shot up and stayed there, consumer behaviour would begin to shift. People would drive less and seek alternate forms of transport. Over time, more would look for better ways to get around.

    But without stronger support such as incentives, infrastructure and fuel security planning, shifting consumer preferences could be too slow to matter.

    A clean-energy future is more secure

    Cutting oil dependency through electrification isn’t just good for the climate. It’s also a hedge against future price shocks and supply disruptions.

    Transport is now Australia’s third-largest source of greenhouse gas emissions. Now that emissions are falling in the electricity sector, transport will be the highest emitting sector emissions source as soon as 2030.

    Building a cleaner transport system also means building a more resilient one. Charging EVs on locally produced renewable power cuts our exposure to global oil markets. So do biofuels, better public transport and smarter urban planning.

    Improving domestic energy resilience isn’t just about climate targets. It’s about economic stability and national security. Clean local energy sources reduce vulnerability to events beyond our control.

    What can we learn from China?

    China offers a compelling case study. The nation of 1.4 billion faces real oil security challenges. In response, Beijing has spent the past decade building a domestic clean energy ecosystem to reduce oil dependency and cut emissions.

    This is now bearing fruit. Last year, China’s oil imports had the first sustained fall in nearly two decades. Crude oil imports fell 1.5%, while oil refinery activity also fell due to lower demand.

    China’s rapid uptake of EVs has clear energy security benefits.
    pim pic/Shutterstock

    China’s green energy transition was driven by coordinated policy, industrial investment and public support for clean transport.

    China’s rapid shift to EVs and clean energy shows how long-term planning and targeted investment can pay off on climate and energy security.

    What we do next matters

    The rolling crises of 2025 present Australian policymakers a rare alignment of interests. What’s good for the climate, for consumers and for national security may now be the same thing.

    Real change will require more than sustained high petrol prices. It demands political will, targeted investment and a long-term vision for clean, resilient transport.

    Doing nothing has a real cost – not just in what we pay at the service station, but in how vulnerable we remain to events a long way away.

    Hussein Dia receives funding from the Australian Research Council, the iMOVE Australia Cooperative Research Centre, Transport for New South Wales, Queensland Department of Transport and Main Roads, Victorian Department of Transport and Planning, and Department of Infrastructure, Transport, Regional Development, Communications and the Arts.

    – ref. Oil shocks in the 1970s drove rapid changes in transport. It could happen again if Middle East tensions continue – https://theconversation.com/oil-shocks-in-the-1970s-drove-rapid-changes-in-transport-it-could-happen-again-if-middle-east-tensions-continue-259670

    MIL OSI Analysis –

  • MIL-OSI: Bitget’s Proof of Reserves Highlights 199% Coverage Ratio in June 2025

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 26, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released its June 2025 Proof of Reserves (PoR), revealing a total reserve ratio of 199%, an increase from 192% in May. This continued rise shows the platform’s ability to maintain a reserve well above the industry-standard 1:1 ratio, effectively covering all user-held assets with significant overcollateralization.

    According to the June audit, the platform holds 28,286.53 BTC against 6,593.8 BTC in user liabilities, marking a 429% reserve ratio. For USDT, Bitget maintains 1.75 billion tokens in reserve versus 1.61 billion in user holdings, yielding a coverage of 108%. ETH assets show a similar trend, with 219,917.71 ETH held against 148,754.3 ETH in user accounts, resulting in a 148% ratio. USDC holdings recorded the highest increase, with 138.88 million USDC backing just over 51.44 million in user assets—a, a 270% reserve ratio. These numbers reflect a consistent strengthening in asset management and surplus reserves across the board since last month.

    The reserve data is generated using Merkle tree technology, with the June snapshot reflecting 27 layers and over 40 million individual asset records. This mechanism allows users to independently verify the existence and adequacy of reserves through Bitget’s open-source tool, MerkleValidator, available on GitHub.

    Bitget first implemented the Proof of Reserves mechanism in December 2022. Since then, the platform has maintained monthly updates to ensure full transparency and real-time assurance to its user base. Alongside PoR, Bitget also operates a US$600 million Protection Fund, aimed at enhancing user security by offering a safeguard in the event of extreme market conditions or unforeseen asset risks.

     “Maintaining reserves well above security, it’s about building infrastructure that can withstand volatility and maintain user trust during periods of uncertainty. Security is a design choice, and our reserve model shows a long-term approach to protecting users at all times,” said Gracy Chen, CEO at Bitget.

    With the June update showing stronger reserves across all major assets, Bitget continues to lead among centralized exchanges in publishing independent, verifiable, and surplus-backed Proof of Reserves.

    To check the updated proof-of-reserves, please visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9e8ef724-3fb7-4e02-8aa4-164d45ac15ad

    The MIL Network –

  • MIL-OSI: Canadian Life Companies Split Corp. Completes Overnight Offering

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 26, 2025 (GLOBE NEWSWIRE) — Canadian Life Companies Split Corp. (“the Company”) is pleased to announce it has completed the overnight offering of Preferred Shares and Class A Shares of the Company. Total gross proceeds of the offering were $40.0 million, bringing the Company’s net assets to approximately $217.9 million.

    The shares will begin trading on the Toronto Stock Exchange under the existing symbols of LFE.PR.B (Preferred Shares) and LFE (Class A Shares).

    The Preferred Shares were offered at a price of $10.55 per Preferred Share to yield 6.64% and the Class A Shares were offered at a price of $6.35 per Class A Share to yield 18.90%.

    The offering was led by National Bank Financial Inc.

    The net proceeds of the offering will be used by the Company to invest in an actively managed portfolio primarily consisting of four publicly traded Canadian life insurance companies as follows: Great‐West Lifeco Inc., Industrial Alliance Insurance & Financial Services Inc., Manulife Financial Corporation and Sun Life Financial Inc.

    Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Investors should read the prospectus supplement to the Company’s short form base shelf prospectus dated May 1, 2024 before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. Please read the Company’s publicly filed documents which are available at www.sedarplus.com.

    Investor Relations: 1-877-478-2372
    Local: 416-304-4443
    www.lifesplit.com
    info@quadravest.com

    The MIL Network –

  • MIL-OSI Banking: RBI imposes monetary penalty on The Karnataka Co-operative Bank Limited, Muddebihal, Karnataka

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated June 23, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Karnataka Co-operative Bank Limited, Muddebihal, Karnataka (the bank) for non-compliance with certain directions issued by RBI on ‘Exposure Norms and Statutory / Other Restrictions – UCBs’ and ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

    The statutory inspection of the bank was conducted by RBI with reference to its financial position as on March 31, 2024. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the bank’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty:

    The bank had:

    1. breached the prudential inter-bank (gross) and counterparty exposure limits; and

    2. failed to upload the KYC records of customers onto Central KYC Records Registry within the prescribed timeline.

    This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/600

    MIL OSI Global Banks –

  • MIL-OSI Banking: Secretary-General of ASEAN meets with the Director-General of Casablanca Finance City (CFC)

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, met with Mr. Said Ibrahimi, Director-General of Casablanca Finance City (CFC), in Casablanca, Morocco, on 26 June 2025. SG Dr. Kao shared ASEAN’s progress in financial integration, financial inclusion, and sustainable finance and exchanged views on possible areas of cooperation with Morocco in financial sector.

    The post Secretary-General of ASEAN meets with the Director-General of Casablanca Finance City (CFC) appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI United Kingdom: Urgent warning to pet owners as toxic chemicals found in fake flea treatments

    Source: United Kingdom – Executive Government & Departments

    Press release

    Urgent warning to pet owners as toxic chemicals found in fake flea treatments

    Pet owners urged to be wary of dangerous fake treatments discovered on e-commerce sites.

    Main developments are:

    • urgent government warning issued after toxic insecticide discovered in counterfeit flea treatments – one cat required emergency surgery after severe poisoning

    • fake pet medicines lack essential ingredients while containing dangerous chemicals that trigger vomiting, seizures and potential death

    • warning signs include poor packaging, spelling mistakes, unusual smells and suspiciously low prices

    • new figures show three quarters of consumers wrongly believe fake goods are of similar quality to genuine products

    • pet owners should only buy from trusted sources and immediately report suspicious products

    The Intellectual Property Office (IPO) and Veterinary Medicine Directorate (VMD) are urging pet owners to take caution when purchasing common medicines, including common flea treatments and wormers. 
     
    The alert comes after toxic pesticide traces were found in a fake flea treatment that caused a pet cat to become seriously ill, prompting the owner to have the product tested. Laboratory tests confirmed the presence of Pirimiphos-methyl, a dangerous insecticide toxic to cats. 
     
    Officials are urging pet owners to recognise signs of counterfeit products, avoid using suspicious items, and know how to report concerns.  

    Counterfeit animal medicines deliberately copy the appearance, packaging and branding of genuine veterinary products to deceive pet owners. Like all counterfeits, they are illegal to sell in the UK.   

    These fakes typically lack proper active ingredients, making them ineffective. Worse still, they may also contain harmful substances, causing severe reactions including vomiting, muscle tremors, breathing difficulties, seizures and potentially death.

    Pet owners seeking bargains, or a quick purchase online may unknowingly purchase these dangerous counterfeits.  
     
    The VMD and IPO are urging owners to check for warning signs including poor packaging, spelling errors, missing information, and unusual smells. 

    Last year alone, the VMD issued 122 seizure notices for the selling of unauthorised animal medicines and supplements, preventing around 18,000 illegal items from reaching consumers. 

    After purchasing what appeared to be genuine FRONTLINE ® flea treatment online for his cat, Smokey, Alan Wall from Preston was devastated when Smokey became very unwell. The condition was so severe that Smokey required emergency intestinal surgery to survive. This was followed by a week-long stay at the veterinary surgery and significant bills to support his recovery.

    Alan Wall said:

    Smokey is more than just a pet, he’s a member of our family. When he became ill after using what we believed was a genuine flea treatment, we were terrified. Watching him suffer, not knowing whether he would pull through, was heartbreaking. It’s taken a huge emotional toll on all of us. Without the support of our vets and the extensive surgery they performed we know Smokey wouldn’t be with us today. We want to warn other pet owners about these fake products so that no one else has to endure what we’ve been through.

    Images of Smokey the cat – receiving treatment, and when healthier

    A Veterinary Medicines Directorate Veterinary Surgeon and Efficacy Assessor, Dr Heilin-Anne Leonard-Pugh, explains:

    Pirimiphos-methyl is toxic to cats. Exposure to this insecticide can prevent the cat’s body from breaking down a substance called acetylcholine, leading to an overstimulation of the cat’s nervous system. This can cause symptoms such as vomiting, uncoordinated gait, muscle tremors, weakness, paralysis, increased sensitivity to touch, difficulty breathing, restlessness, urinary incontinence, low heart rate and seizures. In some cases, even death can sadly occur. If you suspect your pet has been exposed to a counterfeit medicine, seek veterinary advice immediately.  

    Sue Horseman from Bristol also purchased what appeared to be FRONTLINE® flea treatment online for her cat, but quickly became suspicious that the product wasn’t genuine.  
     
    Sue explained that the product was difficult to open and had a distinct smell of white spirit and paraffin, whereas the genuine flea treatment has no smell.  When she reported this to Trading Standards, experts confirmed that the treatment was a counterfeit. 

    While the online platform has removed the seller, they had already managed to sell 211 batches of suspected counterfeit pet medicines and supplements, including fake FRONTLINE Flea and Tick Treatment and PRO PLAN FortiFlora Probiotic Sachets for dogs and cats. 
     
    New counterfeit goods research (Wave 4) shows that counterfeit goods of all types are frequently purchased via global e-commerce websites. The figures also show that in 2024, nearly-one-in-five (17%) consumers unknowingly purchased goods later found to be fake, with 60% of purchasers also saying that ‘ease of purchasing’ influenced their decision.  Saving money is a strong motivator for buying fakes, with around three quarters (72%) of purchasers saying price was an important factor in their decision. Worryingly, around three-quarters (72%) wrongly believed the products would be of a similar quality to the genuine item.

    The IPO’s Deputy Director of Enforcement Helen Barnham, said:

    We are a nation of animal lovers, and criminals dealing in counterfeits are targeting pet owners with complete disregard for the animal’s wellbeing.  This can have some distressing consequences, as they may contain toxic chemicals that are harmful to our pets. We are urging pet owners to be vigilant when purchasing any type of animal treatment, and beware of any offers that ‘look too good to be true’.   

    Counterfeiting is anything but a victimless crime and this latest discovery confirms this. If you suspect that any goods offered for sale may be counterfeit, you should always report this to your local Trading Standards or Crimestoppers Online.

    Caroline Allen, RSPCA Chief Veterinary Officer said: 

    We are very concerned about counterfeit vet treatments on sale which can be highly toxic to pets and we would always urge pet owners to seek professional veterinary advice if they have any health concerns.  

    We appreciate financial pressures can lead to some owners to look for cheaper treatments online but they could be unwittingly putting their beloved pets in serious danger by inadvertently buying these counterfeit goods and would urge them to take on board this government advice.

    Nina Downing, Vet Nurse from PDSA, a vet charity and a leading authority on pet health in the UK, said:

    Counterfeit veterinary medicines can pose a serious threat to our pets ‘ health and wellbeing. While legitimate medications play a vital role in keeping our pets healthy, counterfeit products can cause severe harm or even be fatal. These fake medicines may contain incorrect ingredients or dangerous substances that can make pets extremely ill – leading to symptoms like twitching, swelling, breathing difficulties, vomiting, diarrhoea, collapse, coma and even death.

    We always recommend that you only give your pet medication which has been prescribed by your vet. When fulfilling a prescription online, source them from reputable companies that are on the Register of online retailers, brought to you by the Veterinary Medicines Directorate. If you suspect your pet is reacting badly to any medication, contact your vet immediately.

    When examining the counterfeit FRONTLINE® flea treatment, experts from the University of Bath also identified telling packaging flaws. Most notably, the label used ‘GATTI’ (Italian for cats) instead of the English ‘CAT’, alongside multiple spelling errors – common indicators of counterfeit products.

    Image: Packaging featuring spelling mistakes and mixed languages

    Pet owners should check the packaging and always be cautious of third-party sellers when shopping on e-commerce sites for any type of pet medication. 

    The IPO and VMD are offering advice for consumers to help spot fake animal medicines, and what to do if they believe they may have purchased them or seen them offered for sale.

    How to identify fake animal medicines online:

    1. Warning signs of fake medicines. Look out for: 

    • poor quality or damaged packaging
    • spelling or grammar errors
    • missing leaflets or expiry dates
    • instructions not provided in English
    • suspicious smell, colour or texture
    • poor quality tablets, capsules, vials or pipettes – homemade appearance

    Be wary of any retailer selling prescription only products without asking for your prescription. This is illegal. 

    All online sellers of prescription only animal medicines must be registered with the VMD. If in any doubt, you can check retailers on the VMD’s Register of Online Retailers.

    2. Always shop safely online. Be cautious of:

    • heavily discounted goods and flash sales. Question the price if much cheaper than elsewhere. Whether buying online or in person, always think about the price
    • a seller asking for sensitive information or requesting payment by bank transfer
    • fake websites and social media profiles. These can contain original brand names – confirm the website is authentic and check seller details and reviews before purchasing
    • any deal or offer that looks ‘too good to be true’ 

    What you can do

    If you have you been personally affected by a poisoning case, you should report through the Veterinary Poisons Information Service (VPIS) questionnaire. 

    If you see these goods being offered for sale, whether on a website, social media post or on the high street, contact your local Trading Standards or Crimestoppers online or by calling 0800 555 111. 

    If you encounter suspicious veterinary medicines or retailers, please also report them to the VMD Enforcement Team. (You can do so anonymously if preferred): 

    Additional information

    1. All veterinary medicines sold in the UK must be authorised. If the brand looks unfamiliar, ensure its authorised before purchasing. To know if the medicine is UK- approved, you should look for English labelling and a valid Marketing Authorisation number (e.g. Vm 12345/4001). You can check if the medicine you are buying is authorised in the UK by searching the VMD’s Product Information Database.

      Using ant unauthorised medicine poses a serious risk to the welfare of your pet. These medicines have not been assessed by the Veterinary Medicines Directorate and their safety, quality and efficacy cannot be guaranteed.  

    2. Online retailers of low-risk, general sale veterinary medicines that can be sold by anyone without a prescription (known as AVM-GSL medications) don’t need to register. When buying these medicines always shop from a trusted source. 

    3. The Intellectual Property Office (IPO) is the UK government body responsible for responsible for intellectual property (IP) rights including patents, designs, trade marks and copyright. IPO is an executive agency, sponsored by the Department for Science, Innovation and Technology.  

    4. The Veterinary Medicines Directorate (VMD) is an executive agency of the Department for Environment, Food and Rural Affairs (DEFRA) and the UK Competent Authority for veterinary medicines regulation. The VMD protects public health, animal health, and the environment and promotes animal welfare by assuring the safety, quality, and efficacy of veterinary medicines.  

    5. The IPO regularly conducts research to understand consumer behaviour in relation to the purchasing of and attitudes toward counterfeit goods. The most recent Counterfeit Goods Research report (published Tuesday 17 May 2025) show the main motivations for those who purchase counterfeits: 

    • similar/ the same quality – 72.3%
    • wanting to reduce spending/outgoings - 72%
    • the real product was out of your budget/ price range - 70.9%
    • the fake product was cheaper  – 72%
    • hearing from family or friends that the ‘fake’ products were good - 64.8%
    • similar/the same design – 64.6%
    • being able to purchase ‘fake’ or counterfeit products easily – 60.5%

    Updates to this page

    Published 26 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Growth and local jobs top of the agenda as Cardiff Capital Region Investment Zone advances

    Source: United Kingdom – Government Statements

    Press release

    Growth and local jobs top of the agenda as Cardiff Capital Region Investment Zone advances

    Investment Zone to drive innovation and growth in advanced manufacturing, digital and technology sectors

    • Zone will develop semiconductor hub in Newport and science and tech park in Cardiff as part of the government’s transformative Industrial Strategy announced today
    • Expected to attract £500m private sector investment and create 4000 new jobs as part of the government’s Plan for Change

    The Cardiff Capital Region Investment Zone has taken a major step forward with the announcement of its industrial and key sites, giving a huge boost to regional investment and job creation.

    The Investment Zone – a joint initiative between the UK and Welsh Governments – will drive innovation and growth across the advanced manufacturing and digital and technology sectors, with a focus on the region’s world-class compound semiconductor cluster. 

    Backed by £160m of UK Government funding, the Zone will develop the semiconductor hub in Newport, where key businesses including KLA, IQE and Vishay are located, and develop a science and technology park to become the focus point for R&D activity and investment in Cardiff. 

    The Investment Zone – one of two planned for Wales – is expected to attract £500m of private sector investment, create 4000 new jobs and unlock 3m square feet of manufacturing, R&D and innovation capacity. 

    UK Minister for Building Safety, Fire and Local Growth Alex Norris said: 

    Unleashing the potential of our cities and regions is at the heart of the Industrial Strategy and the Plan for Change. 

    The Cardiff Capital Region Investment Zone Investment Zone, which we’re backing with £160m of funding, will build on the region’s industrial strengths to shape an exciting future for local people – creating new skilled jobs and driving economic growth locally and across Wales.

    Welsh Secretary Jo Stevens said:

    This step forward for the Cardiff Capital Region Investment Zone is a huge boost for the world-class business and industry within the area.

    It will drive growth, create 4,000 jobs and build on the talent and expertise that already exists in this part of Wales.

    Working alongside Welsh Government we are building the economy of the future and delivering for working people across the country.

    Welsh Government Cabinet Secretary for Economy, Energy and Planning, Rebecca Evans, said: 

    The Cardiff and Newport Investment Zone marks a transformative step forward for South East Wales and demonstrates our firm commitment to establishing the region as a global powerhouse in compound semiconductors.

    We will continue working closely with the South East Wales Corporate Joint Committee and the UK Government to build on the region’s strengths, attract significant private investment, strengthen regional partnerships and deliver real benefits that people across Wales will feel in their everyday lives.

    Cllr Mary Ann Brocklesby, Leader, Monmouthshire Council, and Chair, Cardiff Capital Region said: 

    This is a tremendous step forward for the Investment Zone. We look forward to building upon our strong industrial base and world-class research in semiconductors to drive innovation in emerging technologies, and fast-growing markets, whilst working together with UK and Welsh Government.

    By aligning our efforts with the region’s unique assets and fostering collaboration across sectors, we aim to create a dynamic environment where new ideas thrive, investment is attracted, and meaningful impact is delivered to people and places across the region.

    The news comes as part of the Industrial Strategy announcement today (Monday).

    As set out in the strategy, advanced manufacturing and digital and technology are two key growth-driving sectors.

    The news follows the confirmation of the industrial and geographic focuses of two Investment Zones in Scotland earlier this month, and the Wrexham and Flintshire Investment Zone earlier this year.

    ENDS

    Updates to this page

    Published 26 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Saudi Arabia: Concluding Statement of the 2025 Article IV Mission

    Source: IMF – News in Russian

    June 26, 2025

    A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    Washington, DC: Saudi Arabia’s economy has demonstrated strong resilience to shocks, with non-oil economic activities expanding, inflation contained, and unemployment reaching record-low levels. While lower oil proceeds and investment-linked imports led to the emergence of twin deficits, external and fiscal buffers remain ample. A higher-than-budgeted fiscal stance in 2025 remains appropriate to prevent procyclicality that could exacerbate the growth impact of lower oil prices. Addressing strong credit growth and associated funding pressures will be crucial in mitigating risks to systemic financial stability. Given the current heightened global uncertainty, continued efforts on structural reform are essential to sustain non-oil growth and drive economic diversification.

    RECENT ECONOMIC DEVELOPMENTS[1]

    Saudi Arabia’s economy has been resilient to shocks. In 2024, non-oil real GDP grew by 4.2 percent, primarily driven by private consumption and non-oil private investment, with retail, hospitality, and construction leading growth. Repeated extensions of the OPEC+ production cuts have kept oil output at 9 million barrels per day (mb/d)—the lowest level since 2011— resulting in a 4.4 percent decline in oil GDP and an overall real growth rate of 1.8 percent. The composite PMI indicates sustained activity in Q1 2025, with the latest Q1 GDP estimate showing non-oil activities expanding by 4.9 percent year-on-year.

    The labor market’s strong momentum continues. The unemployment rate for Saudi nationals has declined to a record low of 7 percent in 2024, surpassing the original Vision 2030 target, which has now been revised down to 5 percent. The improvement is broad-based, with both youth and female unemployment halved over a four-year period. Private sector employment surged by 12 percent on average in 2024, while public sector hiring continued to slow, reflecting a redeployment to non-government entities.

    Inflation is contained as rent inflation decelerates. Despite a small pick-up to 2.3 percent in April 2025, headline inflation remains low, helped by high real interest rates. Declining prices for transport and communication helped offset housing rent inflation, which has decelerated for the 6th consecutive month to 8.1 percent y-o-y (the lowest annual rise since February 2023). Real wages have remained stable, albeit with some pickup for highly skilled workers.   

    The current account shifted to a narrow deficit, transitioning from a surplus of 2.9 percent of GDP in 2023 to a deficit of 0.5 percent of GDP in 2024. This shift mainly reflects a decline in oil export proceeds, higher imports of machinery and equipment, and stronger remittance outflows—factors that more than offset a surge in tourism inflows. The current account deficit has been financed through external borrowing and reduced FX asset accumulation. As a result, the Saudi Central Bank’s (SAMA) net foreign assets (NFA) holdings stabilized at $415 billion by end-2024—equivalent to 15 months of imports and 187 percent of the IMF’s reserve adequacy metric. 

    While spending overruns increased the overall fiscal deficit, the fiscal stance—as measured by the non-oil primary balance—showed a slight improvement in 2024. Additional expenditures related to project financing—partly linked to an accelerated implementation of Vision 2030—and flat oil revenue widened the overall fiscal deficit to 2.5 percent of GDP, approximately 0.8 percentage points above the budgeted target. However, driven by stronger non-oil revenue, the non-oil primary deficit improved, decreasing by 0.6 percentage points of GDP in 2024 compared to 2023. Central government debt rose to 26.2 percent of GDP as Saudi Arabia became the largest emerging market dollar debt issuer in 2024. However, Saudi Arabia remains amongst the lowest indebted nation globally and net debt is relatively low at approximately 17 percent of GDP.

    ECONOMIC OUTLOOK AND RISKS

    Robust domestic demand—including from government-led projects—will continue to drive growth despite heightened global uncertainty and a weakened commodity price outlook. Non-oil real GDP growth is projected at 3.4 percent in 2025, about 0.8 percentage points lower than in 2024. This reflects the continued implementation of Vision 2030 projects through public and private investment, as well as strong credit growth, which would help sustain domestic demand and mitigate the impact of lower oil prices. The direct impact of rising global trade tensions is limited, as oil products—comprising 78 percent of Saudi Arabia’s goods exports to the U.S. in 2024—are exempt from U.S. tariffs, while non-oil exports to the U.S. only account for 3.4 percent of Saudi Arabia’s total non-oil exports. Over the medium term, domestic demand—including momentum ahead of Saudi Arabia’s hosting of large-scale international events—is expected to push non-oil growth closer to 4 percent in 2027 before stabilizing at 3.5 percent by 2030. Supported by the OPEC+ production cut phase-out schedule, overall GDP growth will accelerate to 3.5 percent in 2025 and 3.9 percent in 2026 before stabilizing at approximately 3.3 percent over the medium term.

    Inflation would remain anchored around 2 percent, supported by a credible peg to the U.S. dollar, domestic subsidies, and an elastic supply of expatriate labor, notwithstanding a projected moderate positive output gap over the medium term. Imported inflation from increased tariffs worldwide is expected to remain contained.

    The external position will weaken. Investment-linked imports and remittance outflows from an expanding expatriate labor force are expected to widen the current account deficit, which is projected to peak at about 3.9 percent of GDP by 2027 before converging to about 3.4 percent of GDP in 2030. Rising non-oil exports and robust inbound tourism will have a partial offsetting effect. The deficit will be increasingly financed through deposit drawdowns, less FX asset accumulation abroad, and external borrowing. International reserve coverage would remain adequate at about 11-12 month import coverage over the medium term, with foreign assets held by the Public Investment Fund (PIF) and other government-related entities offering strong additional buffers.

    Risks to the outlook are mainly to the downside. Weaker oil demand, driven by heightened uncertainty, an escalation of global trade tensions, and deepening geoeconomic fragmentation could dampen oil proceeds. This, in turn, would lead to higher fiscal deficits and debt and costlier financing. An abrupt decrease in spending by the government (including projects recalibration below its baseline) or a slowdown in reform implementation in response to lower oil prices could further hinder private investment growth. Conversely, higher-than-expected oil production/prices and accelerated implementation of reforms could yield stronger or earlier-than-expected growth dividends.

    POLICIES

    Fiscal Policy

    The 2025 fiscal stance—resulting in a deficit twice the budget target—remains appropriate. Given past overruns and the ongoing transformational projects tied to Vision 2030, staff anticipates higher current expenditures than budgeted. Combined with lower oil prices and minimal performance-linked dividends from Aramco, this will bring the overall fiscal deficit to 4.3 percent of GDP. However, this outcome still represents a 3.6 percentage points of non-oil GDP improvement in the non-oil primary balance, effectively frontloading part of the adjustment required by 2030 to uphold intergenerational equity. Given the upfront adjustment and ample fiscal buffers available, staff believes that additional spending restraint in 2025—triggered by lower-than-budgeted oil prices—is not necessary as it would make fiscal policy procyclical and exacerbate the impact on growth.

    Over the medium term, the overall fiscal deficit is expected to narrow. After peaking at 4.3 percent of GDP in 2025, it will decline to approximately 3.3 percent of GDP by 2030, driven by ongoing wage bill containment and spending efficiency measures. Under this baseline scenario, the non-oil primary deficit would shrink by about 4.2 percent of non-oil GDP from 2025 to 2030. The fiscal deficit would primarily be financed by borrowing, including through debt issuances, syndicated loans or facilities from export credit agencies, leading to an increase in the public debt-to-GDP ratio to about 42 percent by 2030.

    A gradual fiscal consolidation will remain necessary over the medium term to achieve intergenerational equity. To avoid disruptive adjustments and build buffers, an additional 3.3 percent of non-oil GDP must be generated over the 2026-30 period, mainly through:

    • Non-oil revenue mobilization. Plans to increase the tax rate on underdeveloped land, introduce a tax on vacant land, and broadening the VAT base (e.g., for e-commerce transactions) are welcome. Additional efforts—including through new tax policy measures and continued efforts to strengthen revenue administration—would be needed. The temporary tax penalty waiver introduced repeatedly since Covid, should not be renewed when it expires in June as it fuels moral hazard and could undermine compliance.
    • Removing energy subsidies. Staff welcomes the ongoing energy price adjustments—including a doubling of diesel prices since January 2024—which combined with lower international oil prices have reduced fuel subsidies to 3½ percent of GDP (down from 5½ percent in 2022). With retail fuel prices closer to international oil prices and the envisaged scaling up of the well-targeted Damaan social support program, efforts should be accelerated to reduce energy subsidies, including by removing the cap on gasoline prices.
    • Rationalizing other spending. The mission welcomes ongoing spending reviews—including recent assessments on project execution by various government entities—to identify areas for potential savings and efficiency gains. Further rationalization should prioritize reducing current expenditures with a low fiscal multiplier, while preserving medium-term, growth-enhancing infrastructure plans. Greater transparency on how spending prioritization and recalibration aligns with the authorities’ announced investment plans will support investor confidence.

    Given the high global uncertainty, staff welcomes the authorities’ contingency planning to safeguard fiscal sustainability in the event of a severe shock. In a scenario where oil prices decline significantly, a more aggressive fiscal consolidation strategy would be necessary. Identifying and prioritizing projects that can be extended or cut, if further adjustments are required, represents a prudent approach to maintaining fiscal sustainability. Staff recommends a partial drawdown of fiscal buffers in the event of a temporary oil price shock, which would help smooth the transition to a steady state and mitigate the impact of short-term oil price fluctuations.

    Sustaining the authorities’ ongoing efforts to strengthen fiscal institutions will be crucial in supporting the fiscal adjustment and Saudi Arabia’s Vision 2030 objectives. Enhancing the Medium-Term Fiscal Framework remains a priority, particularly through better integration of its multiyear projections into annual budget preparations to align spending ceilings with fiscal forecasts, including commitments from multi-year contracts. Operationalizing and ensuring compliance with an expenditure-based fiscal rule would help anchor the fiscal stance over the medium term.

    Prudent debt management and a proper sovereign asset liability management (SALM) framework becomes increasingly important in a lower oil price environment. The mission encourages the authorities to assess the complex trade-offs between making greater use of central government deposits (currently at around 9¼ percent of GDP) and new bond issuances. The mission also supports the ongoing efforts toward operationalizing a comprehensive SALM framework to enhance the oversight of sovereign balance sheet exposures, which publication alongside the budget statement would support the drive for greater transparency and provide additional tools for fiscal policy analysis and formulation. Additionally, contingent liabilities—such as financing obligations for giga projects, debt guarantees, and Public-Private Partnerships—should be closely monitored.

    Monetary and Exchange Rate Policy

    SAMA has continued to refine its liquidity management framework to help reduce  overall liquidity volatility. Bank funding conditions in Saudi Arabia are influenced by persistently strong double-digit credit growth, with periodic spikes in the SAIBOR-SOFR spread reflecting episodes of liquidity pressures. SAMA’s standard market-based monetary operations should continue to remain focused on smoothing short-term liquidity imbalances without fueling asset/credit growth. The recent data-sharing arrangement between SAMA and the Ministry of Finance regarding expected government transactions is anticipated to improve the accuracy of liquidity forecasting and should be effectively implemented. Additionally, further enhancements to the reserve requirement framework would strengthen effective liquidity management and monetary policy transmission.

    The currency peg to the U.S. dollar remains appropriate. It has provided a credible anchor for monetary policy and is backed by ample external buffers. With an open capital account, it is essential that SAMA’s policy rate continues to align with the Fed’s policy rate.

    Financial Sector Policies

    The banking sector remains resilient, demonstrating strong capitalization and profitability despite rising funding costs. As of end-2024, the sector’s solvency ratio stood at 19.6 percent. Despite higher funding costs—driven by the increasing share of time and saving deposits—bank profitability is high, with an average return on assets of 2.2 percent in 2024. Non-performing loans have reached their lowest levels since 2016, reinforcing overall financial stability. Liquidity indicators are adequate and within regulatory thresholds, although the ratio of liquid assets to short-term liabilities has been declining, and the regulatory loan-to-deposit ratio has been on an upward trend.

    Strong credit growth is leading to funding pressures and a change in the funding mix of Saudi banks. As credit growth—mostly to corporates and for mortgages—outpaces deposit growth, banks diversify their liabilities by increasing reliance on other forms of financing, especially external borrowings in the form of bonds, bilateral or syndicated loans, and certificates of deposit. High external borrowing turned banks’ Net Foreign Assets (NFA) negative in 2024 for the first time since 1993. This trend is expected to continue in the near term as several banks are in the process of securing additional external funding. However, banks’ exposure to foreign exchange risk remains low.

    Addressing strong credit growth and associated funding pressures would help mitigate risks to systemic financial stability. The mission welcomes SAMA’s ongoing efforts to review its existing prudential toolkits to counter risks stemming from persistent double-digit credit growth amid a credit-to-deposit growth gap and the increased resort to short-term external wholesale funding. As loan demand is expected to remain high relative to deposit-based funding, setting prudential requirements commensurate with the evolving risks is essential. In that regard, the mission welcomes the introduction in May 2025 of a 100 basis points countercyclical capital buffer, which will be effective within a year. Vulnerabilities would be further mitigated by: (i) narrowing loan-to-value and debt burden ratios, which remain elevated relative to international standards; and (ii) tightening loan-to-deposit ratio to discourage excessive short-term foreign exchange funding. The mission welcomes SAMA’s proactive approach to monitoring the Liquidity Coverage Ratio and Net Stable Funding Ratio in foreign currency and encourages consideration of setting these ratios as regulatory requirements, should circumstances warrant.

    SAMA’s continued efforts to enhance regulatory and supervisory frameworks are commendable. The new Banking Law has been submitted for legislative approval, a risk-based supervisory framework is being refined, and a monitoring system has been introduced for large construction and infrastructure projects. Additionally, SAMA’s bank resolution function is being operationalized. The authorities have also made good progress in establishing a crisis management framework that includes an emergency liquidity assistance framework, which should be completed without undue delay. Furthermore, improvements in enhancing the effectiveness of AML/CFT supervision—including through thematic inspections—are welcome.

    Deepening the capital market is essential to help diversify funding and reduce reliance on bank financing. Although the capital market remains dominated by the large government-related issuers and the trading volumes are low, the recent and ongoing initiatives, such as the Investment Law that came into effect in February 2025 and the ongoing pension and savings reforms, should improve market liquidity and increase foreign participation in the Saudi capital markets. Greater use of asset-backed securities will create a new asset class and contribute to expanding funding in the banking system. The deepening of the domestic capital markets would also help improve the monetary policy transmission mechanism.

    Structural Policies

    The current environment of heightened uncertainty underscores the importance of continued structural reform efforts to sustain non-oil growth and economic diversification. Since 2016, Saudi Arabia has implemented significant and wide-ranging reforms, particularly in business regulations, governance, labor and capital markets. Several new laws that took effect in 2025—including the updated Investment Law, Labor Law amendments, and the new Commercial Registration Law—will enhance contractual certainty for investors and businesses, while also supporting productivity gains.

    The reform momentum should continue irrespective of oil price developments. Ongoing work to strengthen the anti-corruption framework—including by building on the recent Ultimate Beneficial Ownership Rules and By Laws of Nazaha—remains crucial. Equally important is enhancing human capital by aligning the skills of Saudi nationals with evolving labor market needs, improving access to finance and fostering digitalization, all of which are key to advancing the Kingdom’s economic diversification goals that are further enhanced with the integration of AI in government services. In addition to stronger fiscal institutions, pursuing these reforms will help Saudi Arabia build further resilience to oil price volatility.

    Targeted interventions through industrial policies should complement—not replace— structural reforms and must avoid crowding out private sector investment. Interventions by the PIF and public entities should continue to focus on areas where private investment is limited, market failures exist, or where they can play a catalytic role in attracting private capital, rather than potentially displacing domestic and foreign investors.  Industrial Policies should have clear exit criteria, claw-back mechanisms, and sunset clauses, to ensure they do not remain in place beyond their intended objective.

    **************************

    The mission team would like to thank the Saudi Arabian authorities and the people they met outside the government sector for their close collaboration, candid and informative discussions, and warm hospitality.

    [1] Numbers referred in percent of GDP are based on the authorities’ new rebasing GDP published in May 2025. The new methodological update is generally consistent with international best practices and the UN’s system of national accounts,

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Wafa Amr

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/06/25/saudi-arabia-concluding-statement-of-the-2025-article-iv-mission

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI USA: Making Electronic Devices Faster, More Powerful, and Better at Staying Cool

    Source: US State of Connecticut

    When electronic devices overheat, they can slow down, malfunction, or stop working altogether. This heat is mainly caused by energy lost as electrons move through a material—similar to friction in a moving machine.

    Most devices today use silicon (Si) as their semiconductor material. However, engineers are increasingly turning to alternatives like gallium nitride (GaN) for longer lifetime use and higher performance. This includes products such as LEDs, compact laptop chargers, and 5G phone networks. For even more extreme applications—such as high-voltage systems or harsh environments—researchers are exploring ultrawide bandgap (UWBG) materials like gallium oxide (Ga2O3), aluminum gallium nitride (AlGaN), and even diamond.

    Pictured in center, Georges Pavlidis, assistant professor of mechanical engineering, and School of Mechanical, Aerospace, and Manufacturing Engineering Ph.D. candidates Francis Vásquez, at left, and Dominic Myren, are co-authors of a “Perspectives” paper published in Applied Physics Letters. Together, they’re exploring thermal management strategies in ultra side bandgap semiconductor devices. (Sarah Richmond/UConn Photo)

    The key difference between these materials lies in their electronic bandgap—the energy needed to get electrons to flow through the material. Wider bandgaps allow companies to reduce the size of their electronics and make them more electrically efficient.

    “UWBG materials can resist up to 8,000 volts and can operate at temperatures over 200 °C (392°F), making them promising for the next generation of electronics in the energy, health, and communication sectors,” explains Georges Pavlidis, assistant professor of mechanical engineering.

    While these materials offer promising advantages, they also come with challenges. They’re currently expensive, difficult to manufacture, and their thermal behavior is hard to measure precisely. As electronics become more powerful and in smaller dimensions, the heating in the device becomes more localized and can generate a heat flux greater than the sun, Pavlidis explains.

    “Chip manufacturers need new methods to measure temperature in smaller dimensions,” he says.

    Pavlidis, along with UConn’s School of Mechanical, Aerospace, and Manufacturing Engineering Ph.D. candidates Dominic Myren and Francis Vásquez, collaborated with colleagues from the U.S. Naval Research Laboratory over the past year to tackle the challenge of measuring the heat output. Their work resulted in a “Perspectives” paper published in Applied Physics Letters.

    “A ‘Perspectives’ paper is intended to be an outline of what’s coming soon, get people excited about what’s coming, and encourage other researchers to start looking into similar topics,” says Myren, a National Defense Science and Engineering Graduate Fellow who has seven years of industrial R&D experience in fuel systems, internal combustion, and engine controls and holds patents related to electromagnetic actuators and engine controls. “The push right now is for the development of thermal management strategies in wide and ultra-wide bandgap semiconductor devices. We have a lot of open questions, and we’re working hard on them over in Dr. Pavlidis’ lab, but the cross pollination of ideas is how academic circles thrive.”

    Titled “Emerging Thermal Metrology for Ultrawide Bandgap Semiconductor Devices,” the co-authors discuss the pros and cons of using UWBG material for semiconductors, and outline several innovative techniques for measuring temperature at the microscale. These methods could help engineers design faster, more powerful electronic devices—without the risk of overheating.

    After the paper ran online in late May, the co-authors received an unexpected note from the editors at Applied Physics Letters. “[We] felt that your article is noteworthy, and have chosen it to be promoted as an Editor’s Pick. It will be posted on the journal homepage, and a badge will be displayed next to the title.”

    “It is no small feat for a publication to be chosen as an Editor’s Pick in the highly regarded Applied Physics Letters that publishes more than 2,000 articles a year,” says JC Zhao, dean of the UConn College of Engineering. “I congratulate Professor Pavlidis and his group on this recognition and I am very proud of their accomplishment.”

    Members of the Pavlidis Lab prepare to measure the heat produced by a GaN-on-diamond transistor. This advanced semiconductor technology combines gallium nitride (GaN) with a diamond substrate to improve thermal management in electronic devices. “We shine light through the microscope and it reflects off the sample and travels up to the camera. That’s how we measure temperature,” Pavlidis explains. (Sarah Richmond/UConn Photo)

    Vásquez’s particular research interests are thermal management for high-power and radio-frequency (RF) power electronics. In Pavlidis’s lab, he enjoys the combination of research and meaningful application where the group solves real challenges in electronics and photonics that directly impact energy efficiency, reliability, and performance.

    “What makes the experience truly special is the lab culture,” Vásquez says. “Professor Pavlidis is incredibly supportive and patient, especially when we hit difficult knowledge to explain, and he always encourages us to stay curious. His approach pushes us to explore new ideas, test them rigorously, and think about how our work can translate into real-world innovations. It’s that mix of intellectual freedom and high standards to make an impact that keeps me excited every day in the lab.”

    In the paper, the researchers explore several options to measure temperature in UWBG devices. They suggest using optical methods like Raman spectroscopy and thermoreflectance, which use light to measure temperature dependent properties. Electrical methods use electric signals to detect temperature, and scanning probe methods, like scanning thermal microscopy, touch the surface to feel the heat.

    The researchers also describe exciting new ideas, like combining thermal images created from different colors of light to see heat in nitride-based devices, or measuring how light is absorbed in material defects to calculate the temperature in gallium oxide electronics. They’re even working on a new kind of microscope that can see very tiny heat patterns using deep ultraviolet light.

    “These proposed methods provide a solution to measuring the peak temperature in future electronics which is the primary indicator of when the device will fail. Providing the industry with accurate metrology will lower the barrier to commercialization and enable engineers to develop new thermal management strategies,” Pavlidis says.

    The group’s research is supported by Microelectronics Commons, a program specifically created to commercialize UWBG devices for power electronics. The Commons program established the Northeast Microelectronics Coalition Hub, a network of more than 200 organizations, academic institutions, commercial and defense companies, and federally funded centers concentrated in eight northeast states. The idea for the paper stemmed from a project Pavlidis worked on last summer as an Office of Naval Research Fellow.

    Moving forward, Pavlidis—who was promoted to a Senior Member of Institute of Electrical and Electronics Engineers (IEEE) this month—aims to work with semiconductor partners in developing affordable strategies to reduce the temperature in power electronics. By pushing the resolution limits of temperature measurements, the lab plans to extend their methods to improve other technologies such as quantum computing and photonic circuits. They’ve already worked with colleagues at the University of Maryland to design photonic hardware for next-generation data storage. (View the study in this May 2025 Nature Conversations paper.)

    “We hope our work has laid the foundation for the thermal design of the next generation of UWBG devices,” Pavlidis says.

    MIL OSI USA News –

  • MIL-OSI: Reliance Global Group Highlights Strong Q1 Results from Spetner Associates

    Source: GlobeNewswire (MIL-OSI)

    LAKEWOOD, NJ, June 26, 2025 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (Nasdaq: RELI) (“Reliance,” “we,” “us,” “our” or the “Company”) today highlighted the strong preliminary unaudited financial results of Spetner Associates, Inc. (“Spetner”) for the first quarter ended March 31, 2025. As previously announced, Reliance has entered into a definitive agreement to acquire Spetner, and the transaction continues to advance toward closing.

    Spetner’s Q1 2025 Financial Highlights (Unaudited):

    • Revenue increased by more than 95% year-over-year to approximately $5.16 million, compared with $2.64 million in Q1 2024.
    • Operating income margin grew by 29% year-over-year to 74% from 46% in Q1 2024.
    • Net income grew by 220% to approximately $2.98 million, more than triple the approximately $0.9 million reported for Q1 2024.
    • Cash flows from operating activities increased by 112% to $2.6 million, more than double the $1.2 million generated in Q1 2024.

    Ezra Beyman, CEO of Reliance Global Group, commented, “We’re thrilled with Spetner’s impressive first quarter results, illustrating full alignment with our strategy of acquiring and integrating high-performing cash-generating synergistic insurance distribution platforms. Combined with Reliance’s scalable operating model and technology-driven platform, the combined organization will be well positioned to generate consistent significant profits, returns and cash flows.”

    About Reliance Global Group, Inc.

    Reliance Global Group, Inc. (NASDAQ: RELI) is an InsurTech pioneer, leveraging artificial intelligence (AI), and cloud-based technologies, to transform and improve efficiencies in the insurance agency/brokerage industry. The Company’s business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies an entire suite of business development tools, enabling them to effectively compete with large-scale national insurance agencies, whilst reducing back-office cost and burden. The Company’s business-to-consumer platform, 5minuteinsure.com, utilizes AI and data mining, to provide competitive online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance.  In addition, the Company operates its own portfolio of select retail “brick and mortar” insurance agencies which are leaders and pioneers in their respective regions throughout the United States, offering a wide variety of insurance products. Further information about the Company can be found at https://www.relianceglobalgroup.com.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by terminology such as “may,” “should,” “could,” “would,” “will,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “continue,” “potential,” and similar expressions. Forward-looking statements in this press release include, without limitation, statements regarding:

    • Our expectation that the acquisition of Spetner Associates, Inc. will close as planned or at all and continue to advance toward completion, including obtaining any necessary regulatory or shareholder approvals;
    • Our objective to acquire and integrate high-performing, cash-generating synergistic insurance distribution platforms that align with our scalable, technology-driven model to drive shareholder value;
    • Our intention to pursue disciplined, accretive growth opportunities across the InsurTech and insurance agency sectors; and
    • Other statements regarding our plans, strategies, expectations and intentions concerning future operations, financial performance, and service offerings of either us, Spetner or the potentially combined company thereof.

    These forward-looking statements are based on a number of assumptions, including the assumptions that: the LOI will not be terminated prior to execution of definitive purchase agreements; due diligence and documentation negotiations will proceed without material adverse findings; the Fortman sale and the Spetner acquisition will both close as expected; our revenue and EBITDA projections for Spetner are attainable; integration risks will be managed successfully; and there will be no material adverse changes in market, economic or regulatory conditions affecting our businesses. There can be no assurance that any of these assumptions will prove correct.

    There are numerous risks and uncertainties that may cause actual results or performance to differ materially from those expressed or implied by these forward-looking statements. These include, among others: the risk that the Fortman buyer may withdraw or renegotiate the terms of the LOI; delays or failure to complete either the Fortman sale or the Spetner acquisition; unanticipated liabilities or integration challenges in connection with Spetner; our inability to realize the projected revenue or EBITDA benefits; competition in the InsurTech and agency brokerage industry; changes in insurance regulation or Nasdaq listing requirements; general economic or financial market conditions; and the other risks and uncertainties described in the “Risk Factors” section of our Registration Statement on Form S-1 and our periodic reports filed with the Securities and Exchange Commission.

    You should carefully review our Annual Report on Form 10-K for the year ended December 31, 2024, as amended, and the other reports we have filed or will file with the SEC for a more complete discussion of risks and uncertainties. tExcept as required by law, Reliance Global Group, Inc. disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Crescendo Communications, LLC
    Tel: +1 (212) 671-1020
    Email: RELI@crescendo-ir.com 

    The MIL Network –

  • MIL-OSI: KraneShares KOID ETF: Humanoid Robot Rings Nasdaq Opening Bell

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 26, 2025 (GLOBE NEWSWIRE) — Krane Funds Advisors, LLC (“KraneShares”), a global asset management firm recognized for its innovative investment solutions, celebrated the launch of the KraneShares Global Humanoid and Embodied Intelligence Index ETF (Ticker: KOID). The historic event featured the first-ever humanoid robot to ring the iconic Nasdaq Opening Bell.

    “We are thrilled to bring the first humanoid to ring the opening bell at Nasdaq to celebrate our Global Humanoid ETF: KOID,” said Jonathan Krane, CEO of KraneShares. “This event is a testament to the rapid advancements in robotics and artificial intelligence that could transform our world.”

    Humanoid robots are already demonstrating impressive performance in human tasks in both factory and home settings. The Morgan Stanley Global Humanoid Model projects that there could be 1 billion humanoids and $5 trillion in annual revenue by 2050.1

    “Today’s historic bell ringing by a humanoid robot marks a new era for investing in robotics and AI,” said Giang Bui, Head of Equities and ETFs at Nasdaq. “Nasdaq is proud to support KraneShares and the launch of KOID as we celebrate innovation at the heart of global finance.”

    The humanoid robot featured in the bell-ringing ceremony is the Unitree G1 Ultimate, supplied by RoboStore, the official partner of Unitree. RoboStore has been collaborating with Unitree for several years to drive the distribution and development of robotics within the U.S. education system.

    “Robotics, especially humanoids, are on the verge of widespread adoption. The people accelerating this shift include educators and research teams like OpenMind, a Stanford-based group developing open-source robotics software,” said Teddy Haggerty, a representative from RoboStore. “Our goal at RoboStore is to get this technology into the hands of major universities, empowering the next generation of innovators.”

    RoboStore and OpenMind jointly customized the robot, named “Iris,” for the occasion. Iris runs on OM1, OpenMind’s open-source operating system for embodied artificial intelligence, demonstrating advanced autonomy and human interaction. OM1 is set to be integrated into educational curricula nationwide through RoboStore’s programs.

    The Nasdaq Opening Bell Ringing by a Humanoid Robot was a first for the exchange and a testament to the growing impact of robotics across industries.

    For more information on the KraneShares Global Humanoid and Embodied Intelligence Index ETF (Ticker: KOID), please visit https://kraneshares.com/koid or consult your financial advisor.

    About KraneShares

    KraneShares is a specialist investment manager focused on China, Climate, and Alternatives. KraneShares seeks to provide innovative, high-conviction, and first-to-market strategies based on the firm and its partners’ deep investing knowledge. KraneShares identifies and delivers groundbreaking capital market opportunities and believes investors should have cost-effective and transparent tools for attaining exposure to various asset classes. The firm was founded in 2013 and serves institutions and financial professionals globally. The firm is a signatory of the United Nations-supported Principles for Responsible Investment (UN PRI).

    Citations:

    1. “Humanoids: 1bn Robots and $5tn Revenues by 2050, China is in Pole Position” Morgan Stanley Research, 4/28/2025.

    Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds’ full and summary prospectus, which may be obtained by visiting www.kraneshares.com/koid. Read the prospectus carefully before investing.

    Risk Disclosures:

    Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index.

    This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. Certain content represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results; material is as of the dates noted and is subject to change without notice.

    The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses. A derivative (i.e., futures/forward contracts, swaps, and options) is a contract that derives its value from the performance of an underlying asset. The primary risk of derivatives is that changes in the asset’s market value and the derivative may not be proportionate, and some derivatives can have the potential for unlimited losses. Derivatives are also subject to liquidity and counterparty risk. The Fund is subject to liquidity risk, meaning that certain investments may become difficult to purchase or sell at a reasonable time and price. If a transaction for these securities is large, it may not be possible to initiate, which may cause the Fund to suffer losses. Counterparty risk is the risk of loss in the event that the counterparty to an agreement fails to make required payments or otherwise comply with the terms of the derivative.

    AI-exposed companies face profitability challenges due to high research costs, competition, IP reliance, and regulatory risk. Product failures or safety concerns could be detrimental. Identifying AI companies accurately is complex. Tech firms face risks of product failure, obsolescence, regulatory impact, and uncertain profitability due to technological advancements and government policies. Certain tech investments may lack current profitability and future success is uncertain. The Fund is subject to non-U.S. issuers risk, which may be less liquid than investments in U.S. issuers, may have less governmental regulation and oversight, are typically subject to different investor protection standards than U.S. issuers, and the economic instability of the non-U.S. countries. Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values. The Fund may invest in Initial Public Offerings (IPOs). Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. In addition, as the Fund increases in size, the impact of IPOs on the Fund’s performance will generally decrease.

    Neither MerQube, Inc. nor any of its affiliates (collectively, “MerQube”) is the issuer or producer of KraneShares Global Humanoid & Embodied Intelligence Index ETF (the “Fund”) and MerQube has no duties, responsibilities, or obligations to investors in The Fund. The index underlying the The Fund is a product of MerQube and has been licensed for use by Krane Funds Advisors, LLC and its affiliates. Such index is calculated using, among other things, market data or other information (“Input Data”) from one or more sources (each a “Data Provider”). MerQube® is a registered trademark of MerQube, Inc. These trademarks have been licensed for certain purposes by Krane Funds Advisors, LLC and its affiliates in its capacity as the issuer of the The Fund. The Fund is not sponsored, endorsed, sold or promoted by MerQube, any Data Provider, or any other third party, and none of such parties make any representation regarding the advisability of investing in securities generally or in The Fund particularly, nor do they have any liability for any errors, omissions, or interruptions of the Input Data, MerQube Global Humanoid and Embodied Intelligence Index, or any associated data. Neither MerQube nor the Data Providers make any representation or warranty, express or implied, to the owners of the shares of The Fund or to any member of the public, of any kind, including regarding the ability of the MerQube Global Humanoid and Embodied Intelligence Index to track market performance or any asset class. The MerQube Global Humanoid and Embodied Intelligence Index is determined, composed and calculated by MerQube without regard to Krane Funds Advisors, LLC and its affiliates or the The Fund. MerQube and Data Providers have no obligation to take the needs of Krane Funds Advisors, LLC and its affiliates or the owners of The Fund into consideration in determining, composing or calculating the MerQube Global Humanoid and Embodied Intelligence Index. Neither MerQube nor any Data Provider is responsible for and have not participated in the determination of the prices or amount of The Fund or the timing of the issuance or sale of The Fund or in the determination or calculation of the equation by which The Fund is to be converted into cash, surrendered or redeemed, as the case may be. MerQube and Data Providers have no obligation or liability in connection with the administration, marketing or trading of The Fund. There is no assurance that investment products based on the MerQube Global Humanoid and Embodied Intelligence Index will accurately track index performance or provide positive investment returns. MerQube is not an investment advisor. Inclusion of a security within an index is not a recommendation by MerQube to buy, sell, or hold such security, nor is it considered to be investment advice.

    NEITHER MERQUBE NOR ANY OTHER DATA PROVIDER GUARANTEES THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE MERQUBE GLOBAL HUMANOID AND EMBODIED INTELLIGENCE INDEX OR ANY DATA RELATED THERETO (INCLUDING DATA INPUTS) OR ANY COMMUNICATION WITH RESPECT THERETO. NEITHER MERQUBE NOR ANY OTHER DATA PROVIDERS SHALL BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. MERQUBE AND ITS DATA PROVIDERS MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND THEY EXPRESSLY DISCLAIM ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY KRANE FUNDS ADVISORS, LLC AND ITS AFFILIATES, OWNERS OF THE THE FUND, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE MERQUBE GLOBAL HUMANOID AND EMBODIED INTELLIGENCE INDEX OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL MERQUBE OR DATA PROVIDERS BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THE FOREGOING REFERENCES TO “MERQUBE” AND/OR “DATA PROVIDER” SHALL BE CONSTRUED TO INCLUDE ANY AND ALL SERVICE PROVIDERS, CONTRACTORS, EMPLOYEES, AGENTS, AND AUTHORIZED REPRESENTATIVES OF THE REFERENCED PARTY.

    Large capitalization companies may struggle to adapt fast, impacting their growth compared to smaller firms, especially in expansive times. This could result in lower stock returns than investing in smaller and mid-sized companies. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. The Fund is new and does not yet have a significant number of shares outstanding. If the Fund does not grow in size, it will be at greater risk than larger funds of wider bid-ask spreads for its shares, trading at a greater premium or discount to NAV, liquidation and/or a trading halt. Narrowly focused investments typically exhibit higher volatility. The Fund’s assets are expected to be concentrated in a sector, industry, market, or group of concentrations to the extent that the Underlying Index has such concentrations. The securities or futures in that concentration could react similarly to market developments. Thus, the Fund is subject to loss due to adverse occurrences that affect that concentration.

    A large number of shares of the Fund are held by a single shareholder or a small group of shareholders. Redemptions from these shareholders can harm Fund performance, especially in declining markets, leading to forced sales at disadvantageous prices, increased costs, and adverse tax effects for remaining shareholders. KOID is non-diversified.

    ETF shares are bought and sold on an exchange at market price (not NAV) and are not individually redeemed from the Fund. However, shares may be redeemed at NAV directly by certain authorized broker-dealers (Authorized Participants) in very large creation/redemption units. The returns shown do not represent the returns you would receive if you traded shares at other times. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. Beginning 12/23/2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates the current NAV per share. Prior to that date, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time.

    The KraneShares ETFs and KFA Funds ETFs are distributed by SEI Investments Distribution Company (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Krane Funds Advisors, LLC, the Investment Adviser for the Funds, or any sub-advisers for the Funds.

    Contact:
    KraneShares Investor Relations
    info@kraneshares.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ceb61dcd-df25-411a-a2fb-a19d618441cc

    The MIL Network –

  • MIL-OSI: 3D Systems Advances Regenerative Medical Solutions for First-of-its-Kind Peripheral Nerve Repair

    Source: GlobeNewswire (MIL-OSI)

    • Collaboration with French MedTech company, TISSIUM, has resulted in FDA approval for unique 3D-printed polymeric solution for repair of peripheral nerve damage
    • 3D Systems’ bioprinting system enabled production of a 3D-printed bioabsorbable medical device leveraging TISSIUM’s proprietary biomorphic programable polymers—a major industry milestone that sets new standard for high resolution elastomeric 3D-printed medical implants
    • Builds on 3D Systems’ pioneering work to develop additive manufacturing solutions for regenerative medicine applications
    • 3D Systems’ solutions accelerating additive manufacturing use in bioprinting—total market anticipated to reach more than $2 billion by end of 2029

    ROCK HILL, South Carolina, June 26, 2025 (GLOBE NEWSWIRE) — Today, 3D Systems (NYSE: DDD) announced that its 3D bioprinting technologies have enabled FDA approval for the regenerative repair of peripheral nerve damage. For the last several years, 3D Systems has partnered with TISSIUM, a French MedTech company that is a pioneer in the development of biomorphic programmable polymers for tissue reconstruction, to develop a bespoke 3D printing solution for the repair of damaged peripheral nerves. Combining TISSIUM’s expertise and proprietary biomorphic programable polymers with 3D Systems’ ground-breaking regenerative medicine bioprinting technologies has resulted in the successful development of a fully bioabsorbable 3D-printed medical device for nerve repair utilizing a unique photopolymer. This device, called COAPTIUM® CONNECT with TISSIUM Light, is a first-of-its-kind, atraumatic, sutureless solution for the repair of peripheral nerves. Earlier this week, TISSIUM announced that the U.S. Food and Drug Administration (FDA) has granted De Novo marketing authorization for this solution. This milestone validates the polymer’s clinical potential and paves the way for its use across a broad spectrum of transformative applications. Its unique polymer characteristics enable the production of high-resolution, elastomeric biodegradable implants that are unique in the industry.

    “This is a significant advancement in patient care,” said Scott Turner, vice president, advanced systems, 3D Systems. “It has been tremendously rewarding to work alongside the talented team at TISSIUM to design a complete 3D bioprinted solution that offers the potential for patients to recover from peripheral nerve damage. I truly believe this will redefine treatment paradigms and offer hope to individuals that have suffered from the effects of nerve damage in regaining their quality of life.”

    This milestone is yet another proof point of 3D Systems’ nearly decade-long leadership position in bioprinting. In 2017, 3D Systems entered into a joint development program with United Therapeutics Corporation, the goal of which is to establish an unlimited supply of human lungs, requiring no immunosuppression, allowing all patients with end-stage lung disease to receive transplants which will enable them to enjoy long and active lives. 3D Systems has focused primarily on establishing the 3D printing technology to produce scaffolds meeting the extreme precision and resolution requirements for a functional human lung and to do so in a manner that yields the physical, mechanical, and biocompatibility performance to influence cell behavior and reproduction required for extended use in the human body. Its Print to Perfusion™ process enables 3D printing of high-resolution scaffolds, which can be perfused with living cells to create tissues. Through the combination of bioprinting technology, biocompatible 3D printing materials, and a broad range of cell types including patient-derived cells, the Company’s biomedical engineers can construct patient-specific living tissues.

    “Over the past several years, we have made phenomenal progress building upon Chuck Hull’s invention of 3D printing, and pushing its capabilities into new frontiers,” said Dr. Jeffrey Graves, president & CEO, 3D Systems. “Whether in our medical device business through the production of patient-specific implants and surgical solutions, or through the work our regenerative medicine team is doing, 3D Systems is making a profound impact not only on how healthcare is delivered, but on the quality of patients’ lives, and continues to solidify what I believe is an unparalleled role we play in advancing medicine with additive manufacturing applications. This latest accomplishment by TISSIUM, enabled by our unique 3D printing technology, is one more example of how 3D Systems is transforming patient care for a better future.”

    According to Markets and Markets1, the global 3D bioprinting market was valued at $1.3 billion in 2024, and is expected to reach $2.4 billion in 2029. Nearly 40 years ago, 3D Systems created the innovation of 3D printing and reimagined the approaches and processes for product development, parts manufacturing, and personalized healthcare through additive manufacturing solutions. The Company’s additive manufacturing solutions are transforming how healthcare is delivered. As a pioneer in personalized healthcare solutions, 3D Systems has worked with surgeons for over a decade to plan more than 150,000 patient-specific cases and additively manufacture more than two million implants and instruments for 100+ CE-marked and FDA-cleared devices from its world-class, FDA-registered, ISO 13485-certified facilities in Littleton, Colorado, and Leuven, Belgium. 3D Systems is leveraging this experience to innovate bioprinting technologies to transform patient care. By enabling the fabrication of living tissues, the Company believes its bioprinting technology will unlock the promise and potential — to develop new therapeutics, and to improve patient lives.

    Forward-Looking Statements
    Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward-looking statements can be identified by terms such as “believes,” “belief,” “expects,” “may,” “will,” “estimates,” “intends,” “anticipates” or “plans” or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management’s beliefs, assumptions, and current expectations and may include comments as to the company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings “Forward-Looking Statements” and “Risk Factors” in the company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as of the date of the statement. 3D Systems undertakes no obligation to update or review any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise, except as required by law.

    About 3D Systems
    For nearly 40 years, Chuck Hull’s curiosity and desire to improve the way products were designed and manufactured gave birth to 3D printing, 3D Systems, and the additive manufacturing industry. Since then, that same spark continues to ignite the 3D Systems team as we work side-by-side with our customers to change the way industries innovate. As a full-service solutions partner, we deliver industry-leading 3D printing technologies, materials and software to high-value markets such as medical and dental; aerospace, space and defense; transportation and motorsports; AI infrastructure; and durable goods. Each application-specific solution is powered by the expertise and passion of our employees who endeavor to achieve our shared goal of Transforming Manufacturing for a Better Future. More information on the company is available at www.3dsystems.com.

    Investor Contact: investor.relations@3dsystems.com
    Media Contact: press@3dsystems.com

    1 Markets and Markets, 3D Bioprinting Market: Growth, Size, Share, and Trends (May 2024).

    The MIL Network –

  • MIL-OSI: Increasing Adoption of Drones in Commercial Sectors Leading to a Revolution in Big Data Cloud Services

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., June 26, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The increasing adoption of drones in commercial sectors is leading to a revolution in big data cloud services. Launching a drone to capture images is the preliminary step in the drone information acquisition process. The captured images then require correction, calibration, processing, storage, and efficient evaluation. The increasing need to evaluate imagery is a key factor driving the adoption of drone imagery software and cloud-based applications, which possess the ability to upload, share, store, and process aerial images. Moreover, there has been a steep increase in the use of cloud-based in-memory computing platform amongst businesses as it accelerates analytics, processes, and predictive capabilities. The global drone data service market size is expected to reach USD 15.05 billion by 2030, expanding at a CAGR of 39.0% through 2030, according to a new report by Grand View Research, Inc. The growth can be attributed to the growing usage of information acquired by drones in operational and big data analytics. The increasing need for UAV imagery analysis is presumed to impact the global drone imagery processing software industry positively and add a new horizon in imagery storage technologies. The report said: “By gathering information on a larger scale, service providers can now process unprecedented levels of detailed information and turn it into actionable information. UAV companies, such as PrecisionHawk, are transforming their business processes to enhance their focus on drone data processing rather than UAV manufacturing.” Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), Draganfly Inc. (NASDAQ: DPRO), Safe Pro Group Inc. (NASDAQ: SPAI), Teledyne Technologies Incorporated (NYSE: TDY), and AgEagle Aerial Systems Inc. (NYSE: UAVS).

    The article continued: The global drone data service market size is expected to reach USD 15.05 billion by 2030, expanding at a CAGR of 39.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth can be attributed to the growing usage of information acquired by drones in operational and big data analytics. The increasing need for UAV imagery analysis is presumed to impact the global drone imagery processing software industry positively and add a new horizon in imagery storage technologies. The increasing adoption of drones in commercial sectors is leading to a revolution in big data cloud services. Launching a drone to capture images is the preliminary step in the drone information acquisition process. The captured images then require correction, calibration, processing, storage, and efficient evaluation.

    ZenaTech (NASDAQ:ZENA) Signs Offer to Acquire North Carolina Land Surveying Company to Expand State Operations and Government Customers – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, announces it has signed an offer to acquire a well-established North Carolina-based land surveying company with a strong government customer base. The proposed acquisition expands operations in the state when combined with a previously announced proposed land survey acquisition with operations in North Carolina. With over three decades of success serving government agencies, municipal governments, construction companies, and real estate developers, this strategic acquisition would significantly advance the company’s regional market penetration as well as growth in the US Southeast.

    “This proposed acquisition aligns with our strategy to build a robust, scalable, national Drone as a Service business while empowering strong regional and local hubs and recurring revenue opportunities,” said Shaun Passley, Ph.D., ZenaTech CEO. “We plan to embed AI-powered drone technology into critical land survey workflows providing unparalleled speed and precision. Land surveys are a first step to innovating multiple legacy businesses and inefficient processes with our DaaS model and our drones.”

    The land survey company offers comprehensive services include boundary surveys, topographic and site planning surveys, ALTA (American Land Title Association) / ACSM (American Congress on Surveying and Mapping) surveys, construction staking, and other essential survey solutions for permitting, financing, and construction across city, county, and commercial sectors.

    ZenaTech’s Drone as a Service (DaaS) business model offers both business and government customers reduced costs and convenience to utilize drones to streamline legacy processes and manual tasks such as inspections, surveying, maintenance, precision agriculture and inventory management , there is no need to purchase drone hardware and software, find a drone pilot, manage maintenance and operation, or acquire regulatory approvals. The model also offers scalability to use more often or less often based on business needs and utilizes ZenaDrone’s multifunction AI autonomous drones.

    The company has closed five acquisitions across the US to date as part of its DaaS business model and strategy and has announced it plans to complete 20 more acquisitions in the next 12 months. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    Other recent developments in the markets include:

    TB2 Aerospace LLC, in collaboration with Draganfly Inc. (NASDAQ: DPRO), a drone solutions, and systems developer, recently said it is proud to announce the successful deployment and performance of the Drone Recharging Operational Payload System (DROPS) during the U.S. Army’s Sustainment Modernization Experiment 2025 (SMEX25).

    Throughout SMEX25’s week-long field exercises, the DROPS system, integrated with Draganfly’s Commander 3XL, achieved a 100% success rate in autonomously deploying, recovering, and recharging TB2’s tactical resupply pods. The event provided an opportunity to validate real-world operational performance in austere and high-demand scenarios, drawing praise from defence evaluators and technology observers alike.

    “The successful deployment of DROPS at SMEX25 underscores our commitment to advancing autonomous logistics solutions,” said Hank Scott, CEO of TB2 Aerospace. “Our system’s performance in a live operational environment validates its potential to revolutionize military tactical resupply and contested logistics.”

    Safe Pro Group Inc. (NASDAQ: SPAI), a leader in AI-powered security solutions, is honored to recently be featured in a recent investigative piece by Grist Magazine, titled “How 3 Years of War Have Ravaged Ukraine’s Forests, and the People Who Depend on Them.”

    Safe Pro AI is helping lead a critical technological response to one of the war’s deadliest and most enduring legacies: land mines and unexploded ordnance (UXO). Utilizing AI and drone-based remote sensing, Safe Pro is working alongside humanitarian organizations and government partners to rapidly detect, map, and facilitate the safer and more efficient removal of UXO. This technology can be especially valuable in areas where land mines have triggered catastrophic wildfires, endangering both people and the environment. According to a report published by the United Nations Economic Commission for Europe, Ukraine has experienced profound socio-economic disruption due to the conflict’s impact on key sectors including timber production with losses amounting to approximately €447.73 million. The primary damages involve the destruction of infrastructure, equipment, and substantial harm to protected natural areas, estimated at over €2.3 billion. Restoring this potential will require considerable effort and resources.

    Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE: TDY) recently announced that its Black Hornet® 4 Personal Reconnaissance System has successfully completed the required NDAA and cyber security verification process and been approved for the Blue UAS List with an Authority to Operate.

    Led by the Defense Innovation Unit (DIU), Blue UAS vets and verifies commercial drone technology for the Department of Defense and U.S. government. The Blue UAS List gives users access to a wide range of drone systems that can meet their diverse needs. In February, Teledyne FLIR announced that Black Hornet 4 was selected by DoD operators from among more than 35 uncrewed aerial system (UAS) products, all rigorously tested during DIU’s ‘Blue UAS Refresh’ event.

    “We are honored to see Black Hornet 4 added to the Blue UAS List, knowing that more operators across our military and federal government will be able to benefit from this one-of-a-kind drone and its distinct capabilities,” said Dr. JihFen Lei, president of Teledyne FLIR Defense. “DIU is filling a critical national need in meeting mission requirements by executing a more expansive Blue UAS program, and we have valued our partnership with them throughout the verification process.”

    AgEagle Aerial Systems Inc. (NYSE: UAVS), a leading provider of advanced drone and aerial imaging solutions, recently announced the sale of two additional eBee X drones to South Korea, expanding the country’s installed base of AgEagle’s eBee drones to more than 100 units. This milestone strengthens AgEagle’s strategic partnership with South Korea and reinforces its position as a leader in the Asia-Pacific drone market.

    The eBee X, AgEagle’s flagship fixed-wing mapping drone, is engineered for high-precision geospatial data collection and is ideally suited for applications including surveying, mapping, and photogrammetry. This latest sale builds on a well-established fleet, further strengthening AgEagle’s reputation as a trusted provider of cutting-edge unmanned aerial systems.

    About FN Media Group:

    At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

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    DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated fifty one hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

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    Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: VERB’s MARKET.live Tapped to Produce Walmart Livestream for Popular Wellness Brand BelliWelli

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, June 26, 2025 (GLOBE NEWSWIRE) — Verb Technology Company, Inc. (Nasdaq: VERB) (“VERB” or the “Company”), Transforming the Landscape of Social Commerce, Social Telehealth and Social Crowdfunding with MARKET.live; VANITYPrescribed; GoodGirlRx; and the GO FUND YOURSELF TV Show, today announced its MARKET.live division will produce and host a high-profile Walmart livestream shopping event for gut-health brand BelliWelli.

    The exclusive livestream will air on Walmart.com on Tuesday, July 1, 2025, at 4:00 PM PT, marking BelliWelli’s debut on the platform. The event will be broadcast live from MARKET.live Studios in Los Alamitos, California, utilizing MARKET’s full-service technical production team to deliver a premium livestream shopping experience.

    Katie Wilson, Founder and CEO of BelliWelli, tapped MARKET.live to work with TalkShop Live who has traditionally produced Walmart livestream shopping events. Ms. Wilson will appear live from the MARKET.live studios for the event.

    “We’ve worked with the MARKET.live team before and they always bring the energy, creativity, and technical excellence we need to execute big moments,” said Katie Wilson. “I couldn’t be more excited to bring our Walmart audience along for this exclusive launch — especially with a surprise mystery flavor!”

    “We’re thrilled to support BelliWelli’s Walmart launch by producing the top-tier livestream experience our MARKET.live studio team delivers,” said Rory J. Cutaia, CEO of VERB. “This event with Walmart and BelliWelli is just part of the unprecedented ongoing growth our business is currently experiencing and reinforces our position as the go-to destination for brands looking to scale through interactive video social commerce.”

    The event is part of a growing trend in retail, as major brands and retailers turn to livestream shopping to increase engagement and conversion rates, creating a more dynamic and personalized customer experience. 

    About VERB

    Verb Technology Company, Inc. (Nasdaq: VERB), is transforming the landscape of social commerce, social telehealth and social crowdfunding with MARKET.live, LyveCom, VANITYPrescribed, GoodGirlRx, and the GO FUND YOURSELF TV Show. The Company operates multiple business units, each of which leverages the Company’s social commerce technology and video marketing expertise.

    MARKET.live, together with recently acquired AI social commerce technology innovator LyveCom, is a multi-vendor, livestream social shopping platform that allows brands and merchants to deliver a true omnichannel livestream shopping experience across their own websites, apps, and social platforms. Advanced AI capabilities power real-time user-generated-content creation, automated video content repurposing for high conversion video ads, and AI-powered virtual live shopping hosts that are virtually indistinguishable from human hosts, capable of real-time audience engagement. Brands utilize the Company’s proprietary AI model trained on tens of thousands of video commerce interactions to automate content creation and intelligent tools designed to optimize merchandising strategies and increase conversion rates.

    GO FUND YOURSELF TV Show is a revolutionary interactive social crowd funding platform for public and private companies seeking broad-based exposure for their crowd-funded Regulation CF and Regulation A offerings. The platform combines a ground-breaking interactive national TV show with MARKET.live’s back-end capabilities allowing viewers to tap, scan or click on their screen to facilitate an investment, in real time, as they watch companies presenting before the show’s panel of “Titans”. Presenting companies that sell consumer products are able to offer their products directly to viewers during the show in real time through shoppable onscreen icons.

    VANITYPrescribed.com and GoodGirlRx.com are telehealth portals, intended to redefine telehealth by offering a seamless, digital-first experience that empowers individuals to take control of their healthcare needs. They were designed and developed to disrupt the traditional healthcare model by providing tailored healthcare solutions at affordable, fixed prices – without hidden fees, membership costs, or inflated pharmaceutical markups. GoodGirlRx.com, a partnership with Savannah Chrisley, a well-known lifestyle personality and advocate for health and wellness, offers customers access to convenient, no-hassle telehealth services and pharmaceuticals, including the new weight-loss drugs, with fixed pricing regardless of dosage, breaking away from the industry’s traditional model of excessive pricing and pharmaceutical gatekeeping. 

    The Company is headquartered in Las Vegas, NV and operates full-service production and creator studios in the Los Angeles, California vicinity.

    For more information, please visit: www.verb.tech 

    Follow VERB here: 
    Facebook: https://www.facebook.com/VerbTechCo 
    X: https://twitter.com/VerbTech_Co 
    LinkedIn: https://www.linkedin.com/company/verb-tech 
    YouTube: https://www.youtube.com/channel/UC0eCb_fwQlwEG3ywHDJ4_KQ 
    Sign up for E-mail Alerts here: https://ir.verb.tech/news-events/email-alerts

    FORWARD-LOOKING STATEMENTS
    Statements contained in this press release that are not statements of historical fact are forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, these forward-looking statements can be identified by words such as “anticipate,” “designed,” “expect,” “may,” “will,” “should” and other comparable terms. Forward-looking statements include statements regarding VERB’s intentions, beliefs, projections, outlook, analyses or current expectations and the other risk factors and other cautionary statements included in VERB’s Annual Report on Form 10-K for the year ended December 31, 2024, and its subsequent filings with the Securities and Exchange Commission, including subsequent periodic reports on Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. All forward-looking statements made in this press release speak only as of the date of this press release and are based on management’s assumptions and estimates as of such date. Except as required by law, VERB undertakes no obligation to update or revise forward-looking statements to reflect new information, future events, changed conditions or otherwise after the date of this press release.

    Investor Relations Contact: investors@verb.tech 
    Media Contact: info@verb.tech 

    The MIL Network –

  • MIL-OSI: Cerence AI Powers In-Car Experience in Premier German Automaker’s New Electric Sedan

    Source: GlobeNewswire (MIL-OSI)

    BURLINGTON, Mass., June 26, 2025 (GLOBE NEWSWIRE) — Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global leader pioneering conversational AI-powered user experiences, today announced that its core technologies are supporting new agentic and generative AI capabilities in the next-generation of MBUX, rolling out first in the all-new and all-electric Mercedes-Benz CLA. Building on Cerence AI and Mercedes-Benz’s long-term collaboration, this first deployment of the fourth generation of MBUX, supporting advanced conversational capabilities within MBUX Virtual Assistant – as well as the first launch of the automaker’s MB.OS – marks an important milestone in the companies’ shared mission to deliver innovative, intelligent user experiences to Mercedes-Benz drivers.

    Cerence AI and Mercedes-Benz are long-time partners on the MBUX infotainment system. For this program, Cerence AI collaborated closely with Mercedes-Benz global development network to develop the MBUX Virtual Assistant. Cerence’s AI solutions, including speech signal enhancement, cloud-based neural speech recognition, natural language understanding, and embedded neural text-to-speech, serve as the core input and output mechanisms across 25 languages, enabling seamless interaction across the platform’s agentic architecture. This includes the automaker’s new “living” avatar, which takes the form of the Mercedes-Benz star. In addition, Cerence AI enables MBUX to deliver more natural and empathetic interactions. Based on different facets of the user’s voice, the system has the capacity to respond in varying emotional speaking styles leveraging Cerence neural TTS.

    “We greatly value our ongoing partnership with Mercedes-Benz and are proud of our joint effort to integrate our AI solutions, transforming the in-car experience for drivers and passengers around the world,” said Christian Mentz, Chief Revenue Officer, Cerence AI. “This project underscores our unique ability to meet automakers where they are – in this case, partnering closely with Mercedes-Benz to enhance customer choice for their drivers, leveraging the Cerence AI stack that supports the integration of a variety of services and agents.”

    “As we continue to advance MBUX and the Virtual Assistant, we continue our collaboration with Cerence AI to leverage their ongoing innovation in core voice interaction technologies to bring enhanced intelligence and seamless interaction to our drivers,” said Andreas Biehl, Senior Manager Virtual Assistant & Infotainment Experience at Mercedes-Benz.

    To learn more about Cerence AI, visit www.cerence.ai, and follow the company on LinkedIn.

    About Cerence Inc.
    Cerence Inc. (NASDAQ: CRNC) is a global industry leader in creating intuitive, seamless, AI-powered experiences across automotive and transportation. Leveraging decades of innovation and expertise in voice, generative AI, and large language models, Cerence powers integrated experiences that create safer, more connected, and more enjoyable journeys for drivers and passengers alike. With more than 500 million cars shipped with Cerence technology, the company partners with leading automakers, transportation OEMs, and technology companies to advance the next generation of user experiences. Cerence is headquartered in Burlington, Massachusetts, with operations globally and a worldwide team dedicated to pushing the boundaries of AI innovation. For more information, visit www.cerence.ai.

    Contact Information
    Kate Hickman | Tel: 339-215-4583 | Email: kate.hickman@cerence.com

    The MIL Network –

  • MIL-OSI: Cerence AI Powers In-Car Experience in Premier German Automaker’s New Electric Sedan

    Source: GlobeNewswire (MIL-OSI)

    BURLINGTON, Mass., June 26, 2025 (GLOBE NEWSWIRE) — Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global leader pioneering conversational AI-powered user experiences, today announced that its core technologies are supporting new agentic and generative AI capabilities in the next-generation of MBUX, rolling out first in the all-new and all-electric Mercedes-Benz CLA. Building on Cerence AI and Mercedes-Benz’s long-term collaboration, this first deployment of the fourth generation of MBUX, supporting advanced conversational capabilities within MBUX Virtual Assistant – as well as the first launch of the automaker’s MB.OS – marks an important milestone in the companies’ shared mission to deliver innovative, intelligent user experiences to Mercedes-Benz drivers.

    Cerence AI and Mercedes-Benz are long-time partners on the MBUX infotainment system. For this program, Cerence AI collaborated closely with Mercedes-Benz global development network to develop the MBUX Virtual Assistant. Cerence’s AI solutions, including speech signal enhancement, cloud-based neural speech recognition, natural language understanding, and embedded neural text-to-speech, serve as the core input and output mechanisms across 25 languages, enabling seamless interaction across the platform’s agentic architecture. This includes the automaker’s new “living” avatar, which takes the form of the Mercedes-Benz star. In addition, Cerence AI enables MBUX to deliver more natural and empathetic interactions. Based on different facets of the user’s voice, the system has the capacity to respond in varying emotional speaking styles leveraging Cerence neural TTS.

    “We greatly value our ongoing partnership with Mercedes-Benz and are proud of our joint effort to integrate our AI solutions, transforming the in-car experience for drivers and passengers around the world,” said Christian Mentz, Chief Revenue Officer, Cerence AI. “This project underscores our unique ability to meet automakers where they are – in this case, partnering closely with Mercedes-Benz to enhance customer choice for their drivers, leveraging the Cerence AI stack that supports the integration of a variety of services and agents.”

    “As we continue to advance MBUX and the Virtual Assistant, we continue our collaboration with Cerence AI to leverage their ongoing innovation in core voice interaction technologies to bring enhanced intelligence and seamless interaction to our drivers,” said Andreas Biehl, Senior Manager Virtual Assistant & Infotainment Experience at Mercedes-Benz.

    To learn more about Cerence AI, visit www.cerence.ai, and follow the company on LinkedIn.

    About Cerence Inc.
    Cerence Inc. (NASDAQ: CRNC) is a global industry leader in creating intuitive, seamless, AI-powered experiences across automotive and transportation. Leveraging decades of innovation and expertise in voice, generative AI, and large language models, Cerence powers integrated experiences that create safer, more connected, and more enjoyable journeys for drivers and passengers alike. With more than 500 million cars shipped with Cerence technology, the company partners with leading automakers, transportation OEMs, and technology companies to advance the next generation of user experiences. Cerence is headquartered in Burlington, Massachusetts, with operations globally and a worldwide team dedicated to pushing the boundaries of AI innovation. For more information, visit www.cerence.ai.

    Contact Information
    Kate Hickman | Tel: 339-215-4583 | Email: kate.hickman@cerence.com

    The MIL Network –

  • MIL-OSI: New Off-the-Shelf Radiation-Hardened 15W DC-DC Power Converter for Space Applications

    Source: GlobeNewswire (MIL-OSI)

    CHANDLER, Ariz., June 26, 2025 (GLOBE NEWSWIRE) — Traditional space applications have long required space-grade components to help ensure the success of missions. With over 60 years of space heritage, Microchip Technology (Nasdaq: MCHP) continues to broaden its space portfolio and today announces the SA15-28 off-the-shelf radiation-hardened DC-DC 15W power converter with a companion SF100-28 EMI filter that are designed to meet MIL-STD-461 specifications. This space-grade power device is a standard, non-hybrid DC-DC isolated power converter with a companion electromagnetic interference (EMI) filter that operates from a 28V satellite bus in harsh environments.

    The SA15-28 is available with 5V triple outputs that are optimal for use with point-of-load converters and low-dropout linear regulators to power FPGAs and microprocessors (MPUs). The small-form-factor SA15-28 weighs 60 grams and is approximately 1.68 cu inch to optimize the Size, Weight and Power (SWaP) of the device. Microchip can customize the output voltage combinations upon request.

    “Microchip’s space-grade portfolio with the new SA15-28 power converter and SF100-28 EMI filter allows our customers to customize and scale their space power systems to meet the specifications of their application,” said Leon Gross, corporate vice president of Microchip’s high-reliability and RF business unit. “The non-hybrid or discrete component-based construction is specifically designed to enable flexibility and faster time to market.”

    The SF100-28 EMI noise suppression filter can be used with numerous power converters with a total output power of up to 100W. For added flexibility in space applications, the SA15-28 and SF100-28 are fully compatible with Microchip’s existing SA50 series of power converters and SF200 filter.

    High reliability and performance are critical for power management solutions operating in harsh environments. The SA15-28 DC-DC power converter is designed to operate across a wide temperature range, from −55°C to +125°C, and offers radiation tolerance up to 100 krad TID.

    By offering proven off-the-shelf devices, Microchip enables customers to confidently scale their designs and reduce manufacturing delays. This scalable approach enables customers to upgrade from Commercial-Off-The-Shelf (COTS) to space-qualified level or from Radiation-Hardened By Design (RHBD) to sub-QML packaging options in ceramic or plastic. To learn more about Microchip’s scalable space solutions, visit the web page.

    Development Tools

    The SA15-28 DC-DC power converter is supported by comprehensive analysis and test reports including worst-case analysis, electrical stress analysis and reliability analysis.

    Availability

    The SA15-28 DC-DC power converter and SF100-28 external EMI filter are now available to purchase. You can purchase directly from Microchip or contact a Microchip sales representative or authorized worldwide distributor.

    Resources

    High-res images available through Flickr or editorial contact (feel free to publish):
    • Application image: www.flickr.com/photos/microchiptechnology/54585008300/sizes/l

    About Microchip Technology:
    Microchip Technology Inc. is a leading provider of smart, connected and secure embedded control and processing solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs which reduce risk while lowering total system cost and time to market. The company’s solutions serve over 100,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at www.microchip.com.

    Note: The Microchip name and logo, the Microchip logo are registered trademarks of Microchip Technology Incorporated in the U.S.A. and other countries. All other trademarks mentioned herein are the property of their respective companies.

    The MIL Network –

  • MIL-OSI: American Rebel Light Beer Sees Explosive E-Commerce Growth as Free Shipping Promo Drives Patriotic Sales Surge Ahead of July 4th

    Source: GlobeNewswire (MIL-OSI)

    Online Orders Soar as American Rebel Beer Ships to Over 40 States; Free Shipping Available Through June 30

    NASHVILLE, TN, June 26, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), creator of American Rebel Beer (americanrebelbeer.com) and a designer, manufacturer, and marketer of branded safes, personal security and self-defense products and apparel, proudly reports explosive online sales growth fueled by enhanced digital marketing, optimized checkout performance, and a limited-time Free Shipping offer celebrating the Fourth of July and the 250th Birthday of the U.S. Army.

    American Rebel Light Beer launched its online direct to consumer option earlier this year through shop.americanrebelbeer.com, that expanded availability to over 40 U.S. states, giving patriotic Americans nationwide the opportunity to enjoy what the company calls “America’s Patriotic, God-Fearing, Constitution-Loving, National Anthem-Singing, Stand Your Ground Beer.”

    Patriotic Reach, Real Results: 22.9 Million Digital Impressions Drive Explosive Growth at AmericanRebelBeer.com

    In late May, American Rebel implemented major improvements to the online checkout process after onboarding e-commerce experts to map the user experience and identify where sales were stalling. That analysis led to the introduction of Flat Rate Shipping, which sparked an immediate lift in order volume. Encouraged by this success, and in celebration of Independence Day, the company launched a Free Shipping offer through June 30, 2025 – driving massive engagement and accelerating repeat orders.

    During this campaign period American Rebel generated a combined 22.9 million digital impressions across Facebook, Google, and Taboola – demonstrating exceptional consumer engagement and marketing reach across top-tier platforms. This digital expansion is translating into powerful, measurable business outcomes at americanrebelbeer.com

    Key highlights from the most recent performance period include:

    • Gross Online Sales surged 1100% driven by explosive customer demand.
    • Average Order Value (AOV) increased 14% to $59.62.
    • Conversion rates rose 1100%, signaling highly qualified traffic and improved customer targeting.
    • Orders climbed 1000%, marking a significant uptick in new and repeat purchases.
    • Website traffic jumped 4500%, amplifying visibility and brand discovery.
    • 48-pack beer sales soared 2900%, indicating a strong shift toward bulk purchases.
    • 24-pack (16oz) sales rose 801%, further validating product-market fit.
    • RCR (Repeat Customer Rate) improved by 72.7%, a clear indicator of growing customer satisfaction and long-term loyalty.

    We’re Not Just Selling Beer – We’re Building America’s Brand

    “This level of performance demonstrates what we’ve always believed – American Rebel Light Beer (“Rebel Light”) resonates with patriotic American consumers,” said Andy Ross, CEO of American Rebel Holdings. “We’re not just selling beer; we’re building a patriotic brand that people are proud to support. We’re building a brand rooted in freedom, faith, and love for country. Our customers aren’t just buying a beer, they’re standing for something, and the numbers speak for themselves – we are scaling, we are converting, and we are winning.”

    American Rebel’s performance is not only accelerating consumer sales but also establishing a strong foundation for long-term shareholder value through proven demand, smart digital investments, and expanding distribution opportunities.

    American Rebel Holdings, Inc. (NASDAQ: AREB) operates as a consumer brand company rooted in American values, offering American Rebel Light Beer and related merchandise across a growing national footprint. America’s Patriotic Brand™ continues to gain traction across the lifestyle, beverage, and digital commerce sectors.

    American Rebel Beer Shipping Now to 40+ States

    American Rebel Light Beer is available for home delivery in the following states:
    AZ, CA, CO, CT, DC, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MN, MO, MT, NC, NV, NH, NJ, NM, NY, OH, OK, OR, PA, RI, TX, VT, WA, WV, WI, WY

    The Free Shipping promotion, available through Monday, June 30, allows customers to stock up ahead of Independence Day. American Rebel encourages fans to order directly at shop.americanrebelbeer.com and celebrate freedom with every sip.

    About American Rebel Light Beer

    American Rebel Light is more than just a beer – it’s a celebration of freedom, passion, and quality. Brewed with care and precision, our light beer delivers a refreshing taste that’s perfect for every occasion.

    Since its launch in September 2024, American Rebel Light Beer has rolled out in Tennessee, Connecticut, Kansas, Kentucky, Ohio, Iowa, Missouri, North Carolina, Florida, Indiana and now Virginia and is adding new distributors and territories regularly. For more information about the launch events and the availability of American Rebel Beer, please visit americanrebelbeer.com or follow us on our social media platforms (@americanrebelbeer).

    American Rebel Light is a Premium Domestic Light Lager Beer – All Natural, Crisp, Clean and Bold Taste with a Lighter Feel. With approximately 100 calories, 3.2 carbohydrates, and 4.3% alcoholic content per 12 oz serving, American Rebel Light Beer delivers a lighter option for those who love great beer but prefer a more balanced lifestyle. It’s all natural with no added supplements and importantly does not use corn, rice, or other sweeteners typically found in mass produced beers.

    For more information about American Rebel Light Beer follow us on social media @AmericanRebelBeer.

    For more information, visit americanrebelbeer.com.

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Light Beer. The Company also designs and produces branded apparel and accessories. To learn more, visit americanrebelbeer.com. For investor information, visit americanrebel.com/investor-relations.

    Watch the American Rebel Story as told by our CEO Andy Ross visit The American Rebel Story

    Media Inquiries:
    Matt Sheldon
    Matt@Precisionpr.co
    917-280-7329

    American Rebel Holdings, Inc.
    info@americanrebel.com
    ir@americanrebel.com

    American Rebel Beverages, LLC
    Todd Porter, President
    tporter@americanrebelbeer.com

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of our continued sponsorship of high profile events, success and availability of the promotional activities, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Report on Form 10-Q for the three months ended March 31, 2025. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Attachment

    The MIL Network –

  • MIL-OSI: American Rebel Light Beer Sees Explosive E-Commerce Growth as Free Shipping Promo Drives Patriotic Sales Surge Ahead of July 4th

    Source: GlobeNewswire (MIL-OSI)

    Online Orders Soar as American Rebel Beer Ships to Over 40 States; Free Shipping Available Through June 30

    NASHVILLE, TN, June 26, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), creator of American Rebel Beer (americanrebelbeer.com) and a designer, manufacturer, and marketer of branded safes, personal security and self-defense products and apparel, proudly reports explosive online sales growth fueled by enhanced digital marketing, optimized checkout performance, and a limited-time Free Shipping offer celebrating the Fourth of July and the 250th Birthday of the U.S. Army.

    American Rebel Light Beer launched its online direct to consumer option earlier this year through shop.americanrebelbeer.com, that expanded availability to over 40 U.S. states, giving patriotic Americans nationwide the opportunity to enjoy what the company calls “America’s Patriotic, God-Fearing, Constitution-Loving, National Anthem-Singing, Stand Your Ground Beer.”

    Patriotic Reach, Real Results: 22.9 Million Digital Impressions Drive Explosive Growth at AmericanRebelBeer.com

    In late May, American Rebel implemented major improvements to the online checkout process after onboarding e-commerce experts to map the user experience and identify where sales were stalling. That analysis led to the introduction of Flat Rate Shipping, which sparked an immediate lift in order volume. Encouraged by this success, and in celebration of Independence Day, the company launched a Free Shipping offer through June 30, 2025 – driving massive engagement and accelerating repeat orders.

    During this campaign period American Rebel generated a combined 22.9 million digital impressions across Facebook, Google, and Taboola – demonstrating exceptional consumer engagement and marketing reach across top-tier platforms. This digital expansion is translating into powerful, measurable business outcomes at americanrebelbeer.com

    Key highlights from the most recent performance period include:

    • Gross Online Sales surged 1100% driven by explosive customer demand.
    • Average Order Value (AOV) increased 14% to $59.62.
    • Conversion rates rose 1100%, signaling highly qualified traffic and improved customer targeting.
    • Orders climbed 1000%, marking a significant uptick in new and repeat purchases.
    • Website traffic jumped 4500%, amplifying visibility and brand discovery.
    • 48-pack beer sales soared 2900%, indicating a strong shift toward bulk purchases.
    • 24-pack (16oz) sales rose 801%, further validating product-market fit.
    • RCR (Repeat Customer Rate) improved by 72.7%, a clear indicator of growing customer satisfaction and long-term loyalty.

    We’re Not Just Selling Beer – We’re Building America’s Brand

    “This level of performance demonstrates what we’ve always believed – American Rebel Light Beer (“Rebel Light”) resonates with patriotic American consumers,” said Andy Ross, CEO of American Rebel Holdings. “We’re not just selling beer; we’re building a patriotic brand that people are proud to support. We’re building a brand rooted in freedom, faith, and love for country. Our customers aren’t just buying a beer, they’re standing for something, and the numbers speak for themselves – we are scaling, we are converting, and we are winning.”

    American Rebel’s performance is not only accelerating consumer sales but also establishing a strong foundation for long-term shareholder value through proven demand, smart digital investments, and expanding distribution opportunities.

    American Rebel Holdings, Inc. (NASDAQ: AREB) operates as a consumer brand company rooted in American values, offering American Rebel Light Beer and related merchandise across a growing national footprint. America’s Patriotic Brand™ continues to gain traction across the lifestyle, beverage, and digital commerce sectors.

    American Rebel Beer Shipping Now to 40+ States

    American Rebel Light Beer is available for home delivery in the following states:
    AZ, CA, CO, CT, DC, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MN, MO, MT, NC, NV, NH, NJ, NM, NY, OH, OK, OR, PA, RI, TX, VT, WA, WV, WI, WY

    The Free Shipping promotion, available through Monday, June 30, allows customers to stock up ahead of Independence Day. American Rebel encourages fans to order directly at shop.americanrebelbeer.com and celebrate freedom with every sip.

    About American Rebel Light Beer

    American Rebel Light is more than just a beer – it’s a celebration of freedom, passion, and quality. Brewed with care and precision, our light beer delivers a refreshing taste that’s perfect for every occasion.

    Since its launch in September 2024, American Rebel Light Beer has rolled out in Tennessee, Connecticut, Kansas, Kentucky, Ohio, Iowa, Missouri, North Carolina, Florida, Indiana and now Virginia and is adding new distributors and territories regularly. For more information about the launch events and the availability of American Rebel Beer, please visit americanrebelbeer.com or follow us on our social media platforms (@americanrebelbeer).

    American Rebel Light is a Premium Domestic Light Lager Beer – All Natural, Crisp, Clean and Bold Taste with a Lighter Feel. With approximately 100 calories, 3.2 carbohydrates, and 4.3% alcoholic content per 12 oz serving, American Rebel Light Beer delivers a lighter option for those who love great beer but prefer a more balanced lifestyle. It’s all natural with no added supplements and importantly does not use corn, rice, or other sweeteners typically found in mass produced beers.

    For more information about American Rebel Light Beer follow us on social media @AmericanRebelBeer.

    For more information, visit americanrebelbeer.com.

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Light Beer. The Company also designs and produces branded apparel and accessories. To learn more, visit americanrebelbeer.com. For investor information, visit americanrebel.com/investor-relations.

    Watch the American Rebel Story as told by our CEO Andy Ross visit The American Rebel Story

    Media Inquiries:
    Matt Sheldon
    Matt@Precisionpr.co
    917-280-7329

    American Rebel Holdings, Inc.
    info@americanrebel.com
    ir@americanrebel.com

    American Rebel Beverages, LLC
    Todd Porter, President
    tporter@americanrebelbeer.com

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of our continued sponsorship of high profile events, success and availability of the promotional activities, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Report on Form 10-Q for the three months ended March 31, 2025. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Attachment

    The MIL Network –