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Category: Business

  • MIL-OSI USA: Senators Markey and Cassidy Celebrate Committee Passage of Children and Teens’ Online Privacy Protection Legislation

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey
    Washington (June 25, 2025) – Senator Edward J. Markey (D-Mass.), member of the Commerce, Science, and Transportation Committee, and Senator Bill Cassidy (R-La.) today celebrated the unanimous passage of their Children and Teens’ Online Privacy Protection Act (COPPA 2.0) through the Commerce Committee. The legislation would update online data privacy rules for the 21st century and ensure children and teenagers are protected online.
    “We are proud of the momentum and broad support that our commonsense Children and Teens’ Online Privacy Protection Act is gaining from industry, advocates, and our own Senate colleagues,” said Senators Markey and Cassidy. “Today’s unanimous vote is further evidence of the broad, bipartisan commitment to protecting children and teens online. As our young people continue to face a devastating youth mental health crisis, Congress must pass COPPA 2.0 and implement these overdue safeguards for children and teens.”
    Specifically, the Children and Teens’ Online Privacy Protection Act would:
    Ban targeted advertising to children and teens;
    Create an “Eraser Button” by requiring companies to permit users to delete personal information collected from a child or teen;
    Establish data minimization rules to prohibit the excessive collection of children and teens’ data;
    Revise COPPA’s “actual knowledge” standard to close the loophole that allows platforms to ignore kids and teens on their site; and
    Build on COPPA by prohibiting internet companies from collecting personal information from users who are 13 to 16 years old without their consent.

    MIL OSI USA News –

  • MIL-OSI USA: NPR and PBS Are More Than Just “Tiny Desk” and “Daniel Tiger” — They Are Critical to Public Safety

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell
    06.25.25
    NPR and PBS Are More Than Just “Tiny Desk” and “Daniel Tiger” — They Are Critical to Public Safety
    14 stations in WA at risk of losing funding if Senate passes administration’s rescissions package
    WASHINGTON, D.C. – U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, released a Snapshot Report that highlights data on public broadcasters across the United States and broadcasters’ role in responding to emergencies and public safety events. In rural areas, public broadcasters may be the sole source of information during emergencies, leaving them disproportionately impacted by federal funding cuts to the Corporation for Public Broadcasting (CPB).
    “Public television and radio aren’t just for quality children’s television and unique radio content,” said Sen. Cantwell. “For millions of Americans, these stations are often their only source of emergency information during weather disasters. Earlier this month, House Republicans approved President Trump’s rescission request clawing back $1.1 billion in Congressionally-approved funding for public broadcasting. This report shows that if Senate Republicans allow this devastating cut to pass the Senate, nearly 13 million Americans could be left without access to their public media stations and the life-saving emergency alerts or information they need. As people prepare for potential hurricanes, wildfires, and other extreme weather events, we should not be gutting our support for public media.”
    The report included several key findings:
    The operations of 79 public radio and 33 TV stations across 34 states and territories are considered vulnerable to federal funding cuts.
    Nearly 13 million Americans live in communities under threat of losing their local public broadcast stations. What’s worse, these stations serve large swaths of the Western, Midwestern, and Southeastern United States at risk of wildfires, tornadoes, hurricanes, and other public safety emergencies. This double threat casts uncertainty on the ability of these stations to disseminate emergency alerts and information to residents when they need it most.
    More than 70 percent of federal funding goes directly to local public broadcasters for content, interconnection, and support services. It would cost local public broadcasters more than double the CPB’s current contribution to replace these critical services through alternative public or private means.
    Support through the CPB is critical for many local stations, with the most vulnerable in rural and remote communities. Public radio and television stations serve as the primary—often sole—source of local news, educational content, and emergency alerts. These stations rely heavily on federal funding, with some depending on it for over 70 percent of their budgets. Some rural areas depend on their local public media station as their only source of information in emergencies. 
    KDNA-AM, which has a studio in Granger, WA, and serves the surrounding area, is reliant on federal CPB grants for a significant portion of its operating budget. KDNA serves an area that is at a high risk of wildfires, including the city of Yakima, with a population of over 90,000. KDNA plays a critical role in responding to emergencies by providing local news and information. Without continued federal funding, KDNA and other public broadcasters will have to find alternative funding sources or risk being unable to provide their essential public safety services.
    In severe storm and wildfire situations that knock out a community’s power supply, TVs broadcasting news on the path of an incoming tornado may go dark due to power outages, and cell phones may lose service, leaving families with only local public radio broadcasts delivered to battery-powered, hand-crank, or car radios. Without local broadcasting, families in rural areas may not receive critical alerts in time to get to safety.
    On June 3, President Trump submitted a rescission request to Congress for the CPB’s FY 2026 and 2027 funding, seeking to claw back nearly $1.1 billion in Congressionally-approved funding. On June 12, the House approved the President’s rescission request, and it is now before the Senate. If passed by the Senate, these cuts may leave millions of Americans without access to lifesaving alerts and emergency information.
    In Washington state, funding for 14 public broadcasting stations is at risk under the House-passed rescissions package now being considered by the Senate. 
    In May, Sen. Cantwell joined Rick Steves to blast the Trump Administration for its assault on the CPB. 
    See the impacted areas below and to access the full report, please click HERE.

    MIL OSI USA News –

  • MIL-OSI USA: VIDEO: Capito Questions Attorney General Bondi at DOJ Budget Request Hearing

    US Senate News:

    Source: United States Senator for West Virginia Shelley Moore Capito
    [embedded content]
    Click here or on the image above to watch Senator Capito’s questions. 
    WASHINGTON, D.C. — Today, U.S. Senator Shelley Moore Capito (R-W.Va.), a member of the Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies, questioned Attorney General Pam Bondi at a hearing to review the president’s Fiscal Year 2026 budget request for the U.S. Department of Justice. 
    HIGHLIGHTS:
    ON THE ATF’S NATIONAL TRACING CENTER IN MARTINSBURG:
    SENATOR CAPITO: “I wanted to point out the ATF’s National Tracing Center, which is in West Virginia, is the only one of its kind to trace U.S. and foreign manufactured firearms. The facility provides critical information that helps solve crimes, detect trafficking, and track the movement of crime-related firearms. In 2024, that National Tracing Center processed more than 600,000 requests. I just want to make certain that in the budget there is enough…to meet the demands, and that these critical services can be sustained with the budget request you’ve made.” 
    ATTORNEY GENERAL BONDI: “Senator, our budget continues to fully fund the National Tracing Center. I will personally make sure that that is funded. It will continue to be operated by ATF, as well, and it does such important work… They do amazing work. I’ve seen the work they do firsthand. And I would also—in all my spare time—I would also love to visit that center. I really want to visit that center and see what we can do also to enhance it and work with you on that. It’s so important. You know, these are issues that cross party lines. This is what every American in our country we should be working together on… You have been a true advocate for it for your state.” 
    ON THE HAZELTON PRISON: 
    SENATOR CAPITO: “Hazelton…is a very large prison with over 3,000 inmates. They’ve had some issues out there, big issues out there. Allegations, with staff shortages, gross mismanagement, abuse, coverups, falsifying documents. I’m sure you’re tracking these issues. I do want to compliment the president on his appointment of William Marshall, a West Virginian, former state trooper…he’s going to do a fantastic job. So, thank you for bringing in such a strong advocate, he’s already been very responsive to us on Hazelton, which has had chronic issues throughout the last several years, regardless of what administration it’s been. I wanted to put that on your radar.” 
    ON THE VIOLENCE AGAINST WOMEN ACT: 
    SENATOR CAPTIO: “I will say, I’ve been a big supporter of the Violence Against Women Act. I am proud of the work that we’ve championed here on the Appropriations Committee for this. It’s really sad when you think of what happens in families sometimes and the proliferation of violence is extremely concerning to me. I’ve worked in this area for a long time, so I just wanted to let you know my passion in this area.” 

    MIL OSI USA News –

  • MIL-OSI USA: Hagerty Calls on DOJ, FTC to Investigate ISS and Glass Lewis

    US Senate News:

    Source: United States Senator for Tennessee Bill Hagerty
    WASHINGTON—This week, United States Senator Bill Hagerty (R-TN), a member of the Senate Banking Committee and head of the committee’s working group on proxy advisors, sent a letter to Attorney General Pamela Bondi and Federal Trade Commission Chairman Andrew Ferguson, urging them to investigate ISS and Glass Lewis for antitrust violations.
    “The dominant proxy advisory firms, [ISS] and [Glass Lewis], control more than 90% of the U.S. market for proxy advisory services,” Hagerty wrote. “These foreign-owned firms exploit their market power to suppress competition, hijack corporate governance, impose ideological agendas, drive companies’ capital allocation decisions, influence U.S. public policy on important matters, and undermine the welfare of American investors and consumers. Accordingly, I urge the Department of Justice and Federal Trade Commission to investigate these firms for violations of federal antitrust law.”
    Hagerty’s letter builds on his ongoing efforts to address abuses in the proxy advisory market. Previously, Hagerty demanded answers and documents from ISS after the firm publicly acknowledged that it may support proposals even though they are “not linked to long-term shareholder value.” He also sponsored the Putting Investors First Act, legislation to expand the SEC’s authority over proxy advisory firms.
    A copy of the letter can be found here and below.
    Dear Attorney General Bondi and Chairman Ferguson,
    The dominant proxy advisory firms, Institutional Shareholder Services Inc. (ISS) and Glass, Lewis & Co. (Glass Lewis), control more than 90% of the U.S. market for proxy advisory services. These foreign-owned firms exploit their market power to suppress competition, hijack corporate governance, impose ideological agendas, drive companies’ capital allocation decisions, influence U.S. public policy on important matters, and undermine the welfare of American investors and consumers. Accordingly, I urge the Department of Justice and Federal Trade Commission to investigate these firms for violations of federal antitrust law.
    The market power of ISS and Glass Lewis grants them enormous sway over public companies. A study of 175 institutional investors—managing more than $5 trillion in assets— revealed that the institutions followed proxy advisor recommendations more than 95% of the time. The influence of the proxy advisors enables them to dictate public companies’ governance standards, executive compensation practices, and corporate policies. Through the power of vote recommendations adverse to determinations of independent boards of directors as well as negative recommendations against board members themselves, the firms effectively force compliance even when these standards or practices are ideologically motivated, irrelevant, and/or destructive to shareholder value. In so doing, the proxy advisors have also been successfully pressuring companies to engineer social change outside the democratic process and shaping U.S. public policy on a wide range of issues, from energy to sensitive social policies. It is evident that ISS and Glass Lewis exercise de facto regulatory power over public companies, but without any of the accountability or transparency ordinarily demanded of such a role.
    The firms leverage their market power by offering consulting services on the same or substantially similar items as those on which they provide proxy advisory services—a conflict of interest that raises significant anticompetitive concerns. ISS, for example, offers proxy advisory services to institutional investors with respect to companies’ say-on-pay proposals while also selling corporate consulting services to companies regarding the executive compensation programs subject to a say-on-pay vote. Similarly, ISS offers consulting services to companies with respect to equity compensation plans, while also providing recommendations to institutional investors as to how to vote on those same plans. This dynamic results in a coercive pay-to-play setup, where public companies are pressured to purchase consulting services to avoid or remedy negative proxy recommendations or assure the support of the proxy advisors, as the case may be. Indeed, many companies report being approached by the consulting arm of ISS during the same year in which they receive a negative vote recommendation from the firm. ISS also provides its institutional clients with corporate governance ratings on issuers, while also offering consulting services to corporate clients so that those issuers can improve their governance scores. This dual role—both rating companies and advising them—further enhances the proxy advisors’ power and drives important corporate practices and policies. While Glass Lewis has claimed that it does not offer consulting services, like ISS it offers equity plan advisory services to public companies. It also advises activists on influencing companies through shareholder proposals and other campaigns. The firm engages in these practices even though it has openly acknowledged that “the provision of consulting services to corporate issuers, directors, dissident shareholders and/or shareholder proposal proponents, creates a problematic conflict of interest.”
    The link between consulting services and favorable ratings benefit both ISS and Glass Lewis by foreclosing competition. Revenues generated from consulting may permit the firms to cross-subsidize their proxy advisory services, enabling them to further expand and cement their market share. Such self-dealing practices are inherently anticompetitive and demand scrutiny.
    ISS and Glass Lewis also appear to coordinate their voting guidelines and governance standards in ways that suppress competition and reduce the ideological and analytical diversity of services available in the market. The House Judiciary Committee has found evidence that the firms collaborated with organizations such as Climate Action 100+ to jointly issue nearly identical recommendations—effectively steering institutional investors toward predetermined outcomes guided by partisan ideology, not shareholder value. This parallelism is reinforced by the firms’ control of proprietary voting platforms—ISS’s ProxyExchange and Glass Lewis’s Viewpoint—which encourage institutional clients to automatically vote in alignment with the firms’ recommendations. Known as “robovoting,” this practice discourages independent fiduciary analysis and only deepens investors’ dependence on the firms, as some major investment managers do not even have personnel responsible for verifying that robovotes are correctly cast. While the firms often point critics to their “benchmark” reports, they continue to offer comparatively more extreme and politically contentious robovoting options through their insufficiently scrutinized “specialty” reports, often referred to as their “shadow” reports.
    The market power and anticompetitive business practices of ISS and Glass Lewis inflict harm across the U.S. economy: potential competitors are foreclosed from entering or expanding within the proxy advisory market; capital formation is diminished as companies are deterred from going public; the cost of capital for certain industries, such as coal and oil and gas, is higher; the competitiveness of the US capital markets is impacted; boards and management lose control over their own corporate policies and practices; investors suffer the financial consequences of ideologically driven and economically unsound corporate decisions; finally, consumers pay higher prices due to operational inefficiencies and increased costs.
    For these reasons, I urge the Department of Justice and Federal Trade Commission to investigate ISS and Glass Lewis and take all necessary steps to promote competition in the proxy advisory market.
    Sincerely,

    MIL OSI USA News –

  • MIL-OSI USA: Commerce Committee Passes Peters’ Bipartisan Bill to Improve Commercial Space Policy, Strengthen Industry Competitiveness

    US Senate News:

    Source: United States Senator for Michigan Gary Peters
    Published: 06.25.2025
    Bill Now Advances to Full Senate

    WASHINGTON, DC – The Senate Commerce, Science, and Transportation Committee passed U.S. Senator Gary Peters’(MI) bipartisan bill to strengthen commercial space policy and promote industry competitiveness. Peters’ bipartisan legislation – which he reintroduced with U.S. Senator Roger Wicker (R-MS) – would establish a Commercial Space Activity Advisory Committee within the Office of Space Commerce. The bill would enable the advisory committee, made up of representatives with extensive experience in the commercial space industry from a variety of fields including space policy, engineering, and research, to share important insights into non-governmental space activity to help inform and shape federal policy and programs. The legislation now moves to the full Senate for consideration.
    “The importance of the commercial space sector will only continue to grow as it plays a larger role in shaping the future of space exploration,” said Senator Peters. “I’m proud to lead this bipartisan legislation to provide space industry leaders in Michigan and across the U.S. with a chance to shape federal space policy and provide insight into how to stay competitive on a global scale. I’m going to continue working with my colleagues to see it pass the Senate.” 
    The Commercial Space Activity Advisory Committee would be comprised of 15 members who make recommendations on various priorities, including: 
    Identifying challenges relating to international obligations and export controls that affect the commercial space sector. 
    Addressing the need to access adequate, predictable, and reliable radio frequency spectrum. 
    Reviewing best practices for U.S. entities to avoid harmful environmental impacts to both earth and space. 
    Providing recommendations on matters related to space sector development and other activities the advisory committee considers necessary. 

    MIL OSI USA News –

  • MIL-OSI USA: Rep. Russell Fry’s Federal Law Enforcement Officer Service Weapon Purchase Act Passes in the House

    Source:

    Rep. Russell Fry’s Federal Law Enforcement Officer Service Weapon Purchase Act Passes in the House

    WASHINGTON, D.C. – Congressman Russell Fry’s (SC-07) Federal Law Enforcement Officer Service Weapon Purchase Act passed in the House of Representatives. This legislation will allow current and retired law enforcement officers to purchase their retired firearms.

    Under current law, federal agencies are required to destroy retired firearms. This process costs the federal government millions of dollars and trickles down to American taxpayers.

    Allowing current and retired federal law enforcement officers in good standing to purchase retired firearms is a common sense, cost-saving measure that benefits both law enforcement and American taxpayers.

    “I’m thrilled to see the Federal Law Enforcement Officer Service Weapon Purchase Act pass in the House,” said Congressman Fry. “Not only will it save taxpayer dollars, it also creates a system in which law enforcement officers in good standing can exercise their Second Amendment rights by purchasing their retired service weapons. It is common sense legislation that recognizes the service of our federal officers while also encouraging responsible use of government resources.”

    Full text of the Federal Law Enforcement Officer Service Weapon Purchase Act can be found here.

    Congressman Fry serves on both the House Energy and Commerce Committee and the House Judiciary Committee. To stay up to date with Congressman Fry and his work for the Seventh District, follow his official Facebook, Instagram, and X pages and visit his website at fry.house.gov.

    MIL OSI USA News –

  • MIL-OSI United Kingdom: UK seeks views on further trade protections for steel

    Source: United Kingdom – Government Statements

    Press release

    UK seeks views on further trade protections for steel

    The UK has launched a six-week Call for Evidence, inviting views from across the steel supply chain to help shape new, future-ready trade measures.

    • Government invites businesses to shape future steel trade protections and strengthen the UK’s critical supply chains.
    • Key step in ensuring continued protection for the UK steel industry—building on the recent deal with the US to lift steel tariffs.
    • Follows a series of government actions under the Plan for Change to defend UK steel, protect jobs and secure major sites like Port Talbot and Scunthorpe.

    Steel producers, consumers, and unions will shape the UK’s future trade approach for steel, as Ministers seek robust long-term protections for the industry.

    Safeguard measures are put in place temporarily to address sudden import surges and help industry adapt to new trading environments, however the challenges now facing the steel industry demand longer-term solutions.

    The current UK steel safeguard measure ends in June 2026 and cannot be extended. The views from industry will help shape new future-ready trade measures that will protect UK businesses and jobs right across the country. 

    Business and Trade Secretary Jonathan Reynolds said:

    We know this is a tough time for steel producers which is why this Government is using every tool available to ensure the long-term success of our vital steel industry, protect jobs and deliver on our Plan for Change.

    Thanks to our deal with the United States, all Section 232 tariffs on UK steel will be removed—while producers in other countries still face tariffs of up to 50%. But we’re not stopping there.

    We will not sit by idly while cheap imports threaten to undercut UK industry, so we are inviting industry to shape the next phase of our trade defences so we can provide robust support and ensure a fair and competitive market.

    The six-week Call for Evidence comes in addition to further government action to support industry amid global challenges. This includes securing a trade deal with the US to remove tariffs on steel products and protect jobs. It also includes announcing the upcoming steel strategy, which will establish a long-term vision for the sector and help build resilient supply chains. These efforts follow the launch of both the Trade and Industrial Strategy, which set out broader plans to support key industries, including steel.

    This Call for Evidence is a key step in the Government’s wider commitment to rebuilding the steel sector, alongside decisive interventions such as the £500 million grant securing the transformation of Port Talbot steelworks, the £2.5 billion investment pledged to rebuild the sector, the action taken to safeguard British Steel’s blast furnaces at Scunthorpe, and the forthcoming Steel Strategy.

    UK Steel Director General Gareth Stace said:

    It is welcome news that the Government is developing a new steel trade defence mechanism.

    With growing global steel overcapacity and rising trade diversion, Government must deliver a new trade defence system to provide industry certainty before steel safeguards expire in June 2026.

    UK Steel looks forward to working with Government to design an effective framework that will help to level the playing field on international trade and provide the market stability needed to draw investment in the UK steel sector.

    Community Assistant General Secretary Alasdair McDiarmid said:

    Trade protections are a vital bastion for our steel industry in the face of global overcapacity, rising protectionism and unfair trade. They provide essential security, and safeguard thousands of jobs across the UK steel industry and its extensive supply chains.

    We welcome the UK Government’s early engagement with the sector to shape our future steel protections and ensure that a cliff-edge scenario next year is prevented.

    This government has demonstrated its steadfast support for our steel industry, and we will continue to work with them to secure the long-term future of the sector.

    Notes to editors

    • The Call for Evidence opens today and will run for six weeks, inviting stakeholders across the UK steel supply chain to submit feedback that will shape future trade measures.
    • For more details and to submit evidence, visit GOV.UK.
    • The UK’s steel safeguard measure is set to expire in June 2026 because it’s a temporary measure providing domestic industries with time to adjust to changing market conditions. These measures are meant to be in place for a limited time to allow industries to adapt to the influx of imports. WTO rules don’t allow for indefinite extensions of safeguard measures.

    Updates to this page

    Published 25 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: New Trade Strategy to protect and boost British business

    Source: United Kingdom – Government Statements

    Press release

    New Trade Strategy to protect and boost British business

    The strategy will make the UK the most connected nation in the world while protecting vital industries from global threats and backing businesses to thrive.

    New Trade Strategy to protect and boost British business 

    • Trade Strategy sets out how UK will unlock £5 billion for businesses and expand UKEF capacity to £80 billion, delivering growth as part of the Plan for Change  

    • Trade defence toughened up with new and improved tools to better protect our vital industries from global threats  

    • UK sets its sights on quicker deals that firms can benefit from sooner, with a strong focus on services and high growth sectors 

    British Businesses will be given greater access to global markets more quickly as the UK tomorrow [Thursday 26 June] publishes its first Trade Strategy since leaving the EU. 

    The Strategy will make the UK the most connected nation in the world and secure billions worth of opportunities for businesses, helping deliver the economic growth needed to put money in people’s pockets, strengthen local economies, create jobs, and raise living standards.  

    It takes a more agile and targeted approach than the previous government’s, focusing on quicker, more practical deals that deliver faster benefits to UK businesses. It strengthens trade defences, expands export finance – especially for smaller firms – and aligns trade policy with national priorities like green growth and services. It’s a smarter, more responsive plan for a changing global economy. 

    The Trade Strategy:  

    • Unlocks £5 billion worth of opportunities for UK exporters through the new Ricardo Fund, which will tackle complex regulatory issues, shape global standards, and remove obstacles for UK businesses selling abroad.  

    • Expands UK Export Finance (UKEF)’s capacity by £20 billion to a total of £80 billion, announces a new Small Export Builder to give smaller firms better access to export protection insurance, and introduces improvements to help overseas buyers finance repeat orders from trusted UK suppliers in a more streamlined way.   

    • Vows to bolster our trade defence toolkit and make our trade remedies system more agile, assertive, and accountable to guard British businesses against global turbulence and the growing threat of unfair trading practices.   

    • Targets more mutual recognition of qualifications to boost the UK’s status as a services superpower – the 2nd biggest exporter of services in the world.  

    • Builds on existing clean energy and green sector agreements with partners including Norway, Japan and South Korea and explores new, deeper cooperation with markets such as Brazil, the Philippines and Mexico.    

    • Announces the UK will join the Multi-Party Interim Appeal Arbitration Arrangement (MPIA), a temporary arbitration arrangement for resolving appeals to WTO trade disputes, demonstrating our commitment to an effective rules-based international trading system 

    The Trade Strategy comes amid a backdrop of turbulent economic waters, resurgent protectionism and unfair trading practices creating significant challenges for businesses and industries across the whole of the UK. Together with our modern Industrial Strategy – a plan to grow the UK’s growth-driving sectors – we are strengthening businesses at home and setting clear direction to ensure success abroad and create high-paid, secure jobs in every part of this country.  

    It follows three significant trade deals agreed last month with huge benefits for UK businesses, jobs and consumers. Not only does our deal with India add £4.8 billion to the economy and £2.2 billion to wages each year, its reduced and liberalised tariffs means more whisky and gin is likely to be sold to Indian consumers and British shoppers could see cheaper prices on things like clothes, footwear and food products.  

    Our landmark deal with the US, the only one they have agreed with any country, protects hundreds of thousands of British jobs from automotive workers in the West Midlands, to aeroplane builders in Wales, to steelmakers in Scunthorpe. It shows the government delivering on its promise to champion British businesses and put jobs and livelihoods first. 

    The EU agreement, meanwhile, cuts red tape and improves access to our biggest trading partner. It means Scottish salmon farmers can sell their fish more easily to the EU, Welsh sausages and lamb mince exports will no longer be blocked, and British pets can join their owners on holiday with less headache.   

    Prime Minister, Keir Starmer, said: 

    What works for business, works for Britain. It means more jobs, more opportunities, and more money in people’s pockets. 

    That’s why I’ve backed British industry through global headwinds – securing major trade deals with the US, India and the EU that protect jobs and drive growth right across the country. 

    Today’s Trade Strategy is a promise to British business: helping firms sell more, grow faster, and compete globally. It’s about delivering growth as part of our Plan for Change—and making sure working people feel the benefits.

    Business and Trade Secretary Jonathan Reynolds said:  

    The UK is an open trading nation but we must reconcile this with a new geopolitical reality and work in our own national interest  

    Our Trade Strategy will sharpen our trade defence so we can ensure British businesses are protected from harm, while also relentlessly pursuing every opportunity to sell to more markets under better terms than before.  

    Broad and complex trade deals like we secured with India will bring billions to our economy every year but to deliver the Plan for Change we will strike more agile, targeted deals that exploit the sectors which drive the most growth for our economy.

    It comes as the government works in partnership with industry to shape future steel trade measures which will prevent cheap imports from undercutting UK businesses, following the expiry of the current UK steel safeguard measure in June 2026. Collaboration with steel producers, consumers and unions will help ensure the new phase of our trade defences continue to protect UK businesses and jobs, while providing a fair and competitive market.  

    UKEF measures included in the Strategy accompanies news this week that up to £13 billion of direct lending will be used to help boost exports across key industrial sectors, marking a £3 billion uplift in UKEF’s facility.  

    Trade Minister Douglas Alexander said:  

    This new hard-headed, data driven, and agile approach to trade policy is guided by our pragmatic patriotism. In this changed and challenging world, we will promote what we can and protect what we must to advance the UK’s national interest.  

    Through our Trade Strategy, we are supporting our businesses to expand and export with a wider range of trade tools that harness our high-growth industries of the future to deliver this government’s Plan for Change.  

    As we target these agreements, we will take every step necessary to safeguard British businesses from the increasingly protectionist mood in much of the world by sharpening our defensive toolkit.

    To complement the Trade Strategy, we have also today published the Global Trade Outlook 2025 which explores the long-term trends that may shape the global economy and international trade in the coming decades.

    Shevaun Haviland, Director General at the BCC, said: 

    The Trade Strategy sets out a clear, evidence-based approach to raising the UK’s export game. It rightly targets our strength in services, and vital high-growth goods sectors while identifying key markets in the Indo-Pacific, Americas and European neighbourhood.

    A focus on sectoral and digital trade deals is also welcome, alongside a commitment to a functioning rules-based global trading system. 

    Place matters in trade. This strategy can generate economic growth in every nation and region of the UK, lowering tariffs and removing trade barriers. Our Chamber Network stands ready to build, invest and deliver on international trade as a partner of government and an engine for economic growth.

    Rain Newton-Smith, CEO, CBI said:

    Businesses are clear that positioning the UK as an outward looking nation is a show of strength in this increasingly fragmented world. Backing free trade is critical to facing the great global challenges and opportunities of our time.

    The UK must be bold and ambitious to be a key player in the global race for growth. Today’s Strategy offers a dynamic vision which will help the UK to position itself as one of the world’s leading locations for investment and trade. Leaning into that openness, our international commitments, and partnerships with like-minded allies will be integral to our success.

    We now need government and business to work together to turn this ambition into action and ensure that the UK seizes on the opportunities available within the global economy.

    Ian Stuart, CEO of HSBC UK:  

    I welcome today’s announcement of the Trade Strategy. It provides a vital blueprint to ensure the UK’s continued role as a great trading nation and leading services exporter, with a focus on the sectors that will drive growth in the decades to come.  

    It also rightly recognises the challenges many exporters face at a time of heightened global uncertainty. This is a necessary first step in giving businesses the tools they need to thrive on the world stage. HSBC looks forward to supporting businesses to take advantage of the strategy and unlock the full benefits of international trade.

    Jon Holt, Group Chief Executive and UK Senior Partner, KPMG, said:    

    Our professional and business services industry is an international success story with our expertise in demand around the world. As a high-growth sector, we have long called for a Trade Strategy that enables UK businesses to take advantage of new global opportunities and expand into emerging markets.  

    Today we have a clear plan. From removing barriers to overseas markets, to making it easier for our highly skilled people to travel and work across borders, this approach will strengthen our connectivity, boost inward investment and make sure our sector remains globally competitive.

    The strategy’s success will depend on a strong partnership between business and Government.

    Stephen Phipson CBE, CEO of Make UK, the manufacturers’ organisation said:

    Industry will welcome the Trade Strategy which, for the first time, aligns hard on the heels of the Industrial Strategy and is a perfect example of joined up thinking across Government which has long been missing.

    In particular, as well as a focus on new markets, it will help optimise market access and signposting for companies, especially SMEs, to take advantage of current trade deals with a new focus on strategic economic partnerships with key trading partners.

    At the same time, as well as helping boost exports, it will strengthen trade defences against the threat of dumping and support UK firms in reporting possible trade discrepancies to the Trade Remedies Authority.

    Mike Hawes, SMMT Chief Executive, said:  

    UK Automotive is a trade powerhouse, generating imports and exports worth £108 billion a year and typically Britain’s biggest exporter of manufactured goods. Free and fair trade is fundamental to our success and recent agreements with India, the US and, particularly, the EU signal that intention.

    Today’s trade strategy, aligned to the industrial strategy announced earlier this week, provides confidence to help our sector navigate the many headwinds we face and sets a foundation for future success.

    Balanced trading relationships that break down tariffs and regulatory barriers to trade will enable automotive companies to grow and get great British products into the hands of consumers all over the world, boosting jobs, business and prosperity at home.

    Heathrow’s Chief Communications and Sustainability Officer, Nigel Milton, said:   

    We welcome this Trade Strategy, which is set to provide greater support for exporters and champion the importance of free trade.   

    As the UK’s hub airport and largest port by value, we know firsthand how trade can serve as a powerful engine for economic growth.   

    With our unrivalled access to global markets Heathrow is the UK’s gateway to growth and we stand ready to support the Government and exporters from across the country with the rollout of the new strategy.

    Paul Nowak, TUC General Secretary, said:

    This is an important step forward to a trade agenda with workers’ rights and good jobs at its heart.

    It’s right that the government is focusing on removing barriers to trade with our largest trading partner – the EU – on which thousands of quality jobs depend, and it’s vital that the government continues to show ambition in its trading reset with the bloc.

    Standing up for good jobs in sectors such as steel is essential and hugely welcome, especially with global trade wars leading to countries undercutting British products with cheaper foreign imports.

    The government has set out a path towards a values-based approach to trade, which supports international labour standards and human rights globally. We look forward to seeing the full detail and working with them to deliver this.

    John Pattinson, Founder and Managing Director of Air Covers Ltd, and a DBT Export Champion, said:   

    The UK Government plays a vital role in enabling and accelerating the journey to export – a critical driver of economic growth. At Air Covers, we have benefited greatly from our close partnership with DBT Wales.  

    The support we’ve received from DBT Wales, as well as from UK embassies and High Commissions around the world, has been instrumental to our expansion and success in international markets.  

    We believe that the UK Government’s Trade Strategy will open new opportunities for growth, both in established regions and emerging markets. For UK exporters, free trade agreements and the simplification of cross-border regulations are essential to unlocking global potential and maintaining a competitive edge.

    Julian David, CEO of techUK, said:

    TechUK welcomes the launch of this trade strategy as a landmark moment. For the first time, we have a coherent, long-term plan that reflects the realities of current geopolitics and the UK’s unique strengths – particularly in services and high-growth, innovation-driven sectors like ours.

    It’s especially encouraging to see government pulling together the full suite of tools at its disposal – from digital trade agreements to commercial diplomacy and meaningful trade defence instruments. We look forward to working closely with government to turn this vision into impact and ensure the UK remains a leader in the global digital economy.

    Marco Forgione, Director General of the Chartered Institute of Export & International Trade, said:

    Today’s new Trade Strategy is a welcome step forward that reflects many of the priorities we’ve been championing on behalf of our members, especially SMEs, who need targeted, accessible support to grow internationally.

    From the Small Exports Builder to enhanced UK Export Finance, these are practical tools designed to reduce friction and unlock potential for thousands of firms across the UK.

    We’ve worked closely with government to feed in the real-world experiences of our members, and it’s encouraging to see those insights reflected in today’s announcement.

    Launched alongside the Industrial Strategy, this sets a more joined-up direction for trade and growth. Now the focus must be on delivery, and we stand ready to help make it happen.

    Tina McKenzie, Policy Chair of the Federation of Small Businesses, said:

    Small firms know exporting is good for growth, so it’s good to see a clear strategy on trade. We welcome the government’s commitment to creating better digital tools, less red tape and putting stronger focus on practical support beyond just trade deals. 

    We also need to see more money and new funding programmes for SMEs wanting to trade internationally, as well as more bespoke support for the smallest firms, who do not qualify for one-to-one help.

    Small firms have been bogged down by unnecessary rules and costs for far too long, and today’s strategy is the first step to creating a better environment for exporters and importers.

    Notes to editor 

    • Department for Business and Trade (DBT) analysis of UNCTAD (2025) Global import data 2013-2023, mapped to industry sectors using sector definitions from DBT (2023) Global trade outlook.  

    • The GTO will be published at 0001 Thursday 26 June here 

    • The Trade Strategy will be published 0915 Thursday 26 June here 

    • More information on the UK Steel Trade Measures Call for Evidence will be issued separately, embargoed until 22.30 Thursday 25 June.

    Updates to this page

    Published 25 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI New Zealand: BNZ offers flexible business loans up to $50,000, approved in minutes

    Source: BNZ Statements

    Small businesses can now access unsecured finance of up to $50,000 with BNZ’s new Merchant Flexi Loan, with approval in as little as three minutes. It offers eligible businesses a simple way to manage cash flow and fuel growth, with no interest and just a one-off fee.

    Karna Luke, BNZ Executive for Customer Products and Services, says it delivers the speed and flexibility small businesses need to grow.

    “Our Flexi Loans give small businesses fast access to capital, without the need to provide paperwork like financial statements or business plans. Instead, we use actual card sales data from the past 12 months to determine loan eligibility and calculate a personalised loan offer.

    “Businesses can see their personalised offer, choose their preferred repayment rate and get a decision in minutes. Once accepted, funds are available within two business days.”
    Repayments are set at a rate chosen by the business, between 10% and 30% of daily card sales, and are automatically deducted.

    “This means repayments are higher when sales are strong and lower when business is quieter, helping owners stay focused on operations with cash flow under control,” Luke says.

    Christchurch institution Waffle Haus takes advantage to expand business

    The benefits of this flexible approach are already being realised BNZ customers like Jamie Stewart. He already had a successful Waffle Haus café in Akaroa when he expanded to Christchurch, opening on New Regent Street in December 2020. Now, with both locations thriving, he’s using BNZ’s Merchant Flexi Loan to fund expansion into a third branch, set to open next month at The Colombo shopping centre.

    “A lot of prep goes into opening a new location – it takes about a year to get everything in place,” says Jamie. “When the Merchant Flexi Loan became available, the timing was perfect because I was looking at a significant equipment investment for the new café and wanted to preserve working capital for other business needs.”

    For Jamie, whose capital is invested in growing his business rather than property assets that could be used as security, the merchant sales-based approach offers a compelling alternative to traditional secured lending. Instead of needing collateral, the loan is based on his proven sales performance.

    The flat fee structure also appealed to Jamie: “The fee worked out at about 2.5% of the loan amount, which is really good value and substantially cheaper than a traditional business loan.”
    With trading patterns that vary over time – busy evenings year-round, peak weekends and school holidays, plus seasonal fluctuations – Jamie appreciates having repayments that adjust accordingly.

    “The winter period is slightly quieter for us than the summer and school holiday peaks,” he says. “Having repayments that flex with our natural business rhythms makes financial planning much easier.”

    Fast funding when opportunities arise

    Karna Luke says timing is critical when business opportunities emerge, which is why the BNZ team has worked hard to make the process of applying for a Merchant Flexi Loan as fast and simple as possible.

    “Our customers tell us they need to move fast to stay competitive and grow, whether that’s securing new equipment, expanding their premises, or taking advantage of seasonal demand. By streamlining the application process and using data we already have, we can help them seize those opportunities without delay.

    “It’s about bringing together speed, simplicity and flexibility to make it easier to move quickly when opportunity knocks. We’re proud to be the first New Zealand bank to offer a lending solution like this.”

    To find out how Merchant Flexi Loan can help your business manage cash flow and growth, visit bnz.co.nz/business-banking/loans-and-finance/merchant-flexi-loans

    The post BNZ offers flexible business loans up to $50,000, approved in minutes appeared first on BNZ Debrief.

    MIL OSI New Zealand News –

  • MIL-OSI: Univest Securities, LLC Announces Closing of $1.2 Million Registered Direct Offering for its Client Houston American Energy Corp. (NYSE American: HUSA)

    Source: GlobeNewswire (MIL-OSI)

    New York, June 25, 2025 (GLOBE NEWSWIRE) — Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of registered direct offering (the “Offering”), for its client Houston American Energy Corp. (NYSE American: HUSA) (the “Company”), an independent oil and gas company.

    Under the terms of the securities purchase agreement, the Company has agreed to sell to an institutional investor (the “SPA”) for the purchase and sale of an aggregate of 81,629 shares of common stock at a purchase price of $14.80 per share in a registered direct offering.

    The aggregate gross proceeds to the Company of this offering were approximately $1.2 million, before deducting the placement agent’s fees and other offering expenses payable by the Company. The Company currently intends to use the net proceeds of approximately $1 million from the offering for general corporate purposes.

    Univest Securities, LLC acted as the sole placement agent.

    The registered direct offering was made pursuant to a shelf registration statement on Form S-3 (File No. 333-282778) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission (“SEC”) on November 4, 2024. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering were filed with the SEC and are available on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, by contacting Univest Securities, LLC at info@univest.us, or by calling +1 (212) 343-8888.

    This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus, can be obtained at the SEC’s website at www.sec.gov.

    About Univest Securities, LLC

    Registered with FINRA since 1994, Univest Securities, LLC provides a wide variety of financial services to its institutional and retail clients globally including brokerage and execution services, sales and trading, market making, investment banking and advisory, wealth management. It strives to provide clients with value-add service and focuses on building long-term relationship with its clients. For more information, please visit: www.univest.us.

    About Houston American Energy Corp.

    Houston American Energy Corp., an independent oil and gas company, engages in the acquisition, exploration, exploitation, development, and production of natural gas, crude oil, and condensate. Its principal properties are located primarily in the Texas Permian Basin, the South American country of Colombia, and the onshore Louisiana Gulf Coast region. The company is based in Houston, Texas.

    Forward-Looking Statements

    This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. Univest Securities LLC and the Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

    For more information, please contact:
    Univest Securities, LLC
    Edric Guo
    Chief Executive Officer
    75 Rockefeller Plaza, Suite 18C
    New York, NY 10019
    Phone: (212) 343-8888
    Email: info@univest.us

    The MIL Network –

  • MIL-OSI: Univest Securities, LLC Announces Closing of $1.2 Million Registered Direct Offering for its Client Houston American Energy Corp. (NYSE American: HUSA)

    Source: GlobeNewswire (MIL-OSI)

    New York, June 25, 2025 (GLOBE NEWSWIRE) — Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of registered direct offering (the “Offering”), for its client Houston American Energy Corp. (NYSE American: HUSA) (the “Company”), an independent oil and gas company.

    Under the terms of the securities purchase agreement, the Company has agreed to sell to an institutional investor (the “SPA”) for the purchase and sale of an aggregate of 81,629 shares of common stock at a purchase price of $14.80 per share in a registered direct offering.

    The aggregate gross proceeds to the Company of this offering were approximately $1.2 million, before deducting the placement agent’s fees and other offering expenses payable by the Company. The Company currently intends to use the net proceeds of approximately $1 million from the offering for general corporate purposes.

    Univest Securities, LLC acted as the sole placement agent.

    The registered direct offering was made pursuant to a shelf registration statement on Form S-3 (File No. 333-282778) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission (“SEC”) on November 4, 2024. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering were filed with the SEC and are available on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, by contacting Univest Securities, LLC at info@univest.us, or by calling +1 (212) 343-8888.

    This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus, can be obtained at the SEC’s website at www.sec.gov.

    About Univest Securities, LLC

    Registered with FINRA since 1994, Univest Securities, LLC provides a wide variety of financial services to its institutional and retail clients globally including brokerage and execution services, sales and trading, market making, investment banking and advisory, wealth management. It strives to provide clients with value-add service and focuses on building long-term relationship with its clients. For more information, please visit: www.univest.us.

    About Houston American Energy Corp.

    Houston American Energy Corp., an independent oil and gas company, engages in the acquisition, exploration, exploitation, development, and production of natural gas, crude oil, and condensate. Its principal properties are located primarily in the Texas Permian Basin, the South American country of Colombia, and the onshore Louisiana Gulf Coast region. The company is based in Houston, Texas.

    Forward-Looking Statements

    This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. Univest Securities LLC and the Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

    For more information, please contact:
    Univest Securities, LLC
    Edric Guo
    Chief Executive Officer
    75 Rockefeller Plaza, Suite 18C
    New York, NY 10019
    Phone: (212) 343-8888
    Email: info@univest.us

    The MIL Network –

  • MIL-OSI: Apollo Names Celia Yan as Head of Hybrid for Asia Pacific

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, June 26, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Celia Yan has joined the firm as a Partner and Head of Hybrid for Asia Pacific. Based in Hong Kong, Yan will lead the expansion of Apollo’s hybrid platform across the region, building on the firm’s momentum in delivering flexible, tailored capital solutions across private markets.

    Apollo’s hybrid business focuses on delivering creative, partnership-driven solutions that sit between traditional debt and equity. We provide solutions that help companies fund growth initiatives, generate liquidity and deleverage balance sheets, among other bespoke applications. In this newly created role, Yan will drive origination, execution and growth for Apollo’s hybrid strategies in Asia Pacific.

    Yan brings over 20 years of industry experience and extensive private investment expertise across Asia Pacific, most recently serving as Head of APAC Private Credit at BlackRock. Previously, she held senior investment roles at ADM Capital, National Australia Bank and Equity Trustees Limited (EQT).

    “Celia’s experience across private markets investing, managing cross-border teams and growing business verticals makes her a key addition as we grow our hybrid business in Asia Pacific,” said Matthew Michelini, Partner and Head of Asia Pacific at Apollo. “As companies and investors increasingly seek structured and creative solutions, Celia will help us deliver for clients across the region.”

    Chris Lahoud, Partner at Apollo, said: “As capital markets evolve, we see an attractive opportunity for hybrid growth in the region, providing partnership-oriented, flexible capital to companies and projects.”

    “Apollo’s integrated platform and global reach, paired with a strong local presence, position the firm to deliver hybrid capital at scale,” said Celia Yan. “Across Asia Pacific, businesses and sponsors are looking for non-dilutive, customized solutions that can address real market inefficiencies—and hybrid is increasingly the answer. I’m excited to join the team and help accelerate this strategy across the region.”

    Yan holds a Bachelor of Commerce from the University of Melbourne and a Master’s in Applied Econometrics from Monash University.

    About Apollo

    Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of March 31, 2025, Apollo had approximately $785 billion of assets under management. To learn more, please visit www.apollo.com.

    Apollo Contacts

    Noah Gunn
    Global Head of Investor Relations
    Apollo Global Management, Inc.
    (212) 822-0540
    IR@apollo.com

    Joanna Rose
    Global Head of Corporate Communications
    Apollo Global Management, Inc.
    (212) 822-0491
    Communications@apollo.com

    The MIL Network –

  • MIL-OSI: Apollo Names Celia Yan as Head of Hybrid for Asia Pacific

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, June 26, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Celia Yan has joined the firm as a Partner and Head of Hybrid for Asia Pacific. Based in Hong Kong, Yan will lead the expansion of Apollo’s hybrid platform across the region, building on the firm’s momentum in delivering flexible, tailored capital solutions across private markets.

    Apollo’s hybrid business focuses on delivering creative, partnership-driven solutions that sit between traditional debt and equity. We provide solutions that help companies fund growth initiatives, generate liquidity and deleverage balance sheets, among other bespoke applications. In this newly created role, Yan will drive origination, execution and growth for Apollo’s hybrid strategies in Asia Pacific.

    Yan brings over 20 years of industry experience and extensive private investment expertise across Asia Pacific, most recently serving as Head of APAC Private Credit at BlackRock. Previously, she held senior investment roles at ADM Capital, National Australia Bank and Equity Trustees Limited (EQT).

    “Celia’s experience across private markets investing, managing cross-border teams and growing business verticals makes her a key addition as we grow our hybrid business in Asia Pacific,” said Matthew Michelini, Partner and Head of Asia Pacific at Apollo. “As companies and investors increasingly seek structured and creative solutions, Celia will help us deliver for clients across the region.”

    Chris Lahoud, Partner at Apollo, said: “As capital markets evolve, we see an attractive opportunity for hybrid growth in the region, providing partnership-oriented, flexible capital to companies and projects.”

    “Apollo’s integrated platform and global reach, paired with a strong local presence, position the firm to deliver hybrid capital at scale,” said Celia Yan. “Across Asia Pacific, businesses and sponsors are looking for non-dilutive, customized solutions that can address real market inefficiencies—and hybrid is increasingly the answer. I’m excited to join the team and help accelerate this strategy across the region.”

    Yan holds a Bachelor of Commerce from the University of Melbourne and a Master’s in Applied Econometrics from Monash University.

    About Apollo

    Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of March 31, 2025, Apollo had approximately $785 billion of assets under management. To learn more, please visit www.apollo.com.

    Apollo Contacts

    Noah Gunn
    Global Head of Investor Relations
    Apollo Global Management, Inc.
    (212) 822-0540
    IR@apollo.com

    Joanna Rose
    Global Head of Corporate Communications
    Apollo Global Management, Inc.
    (212) 822-0491
    Communications@apollo.com

    The MIL Network –

  • MIL-OSI: AGF Investments Announces Risk Rating Change

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 25, 2025 (GLOBE NEWSWIRE) — AGF Investments Inc. (AGF Investments) today announced a risk rating change for the following fund effective today.

    Fund Name Previous Risk Rating Revised Risk Rating
    AGF North American Small-Mid Cap Fund Medium Medium-High
         

    The changes are based on the risk classification methodology mandated by the Canadian Securities Administrators to determine the risk level of mutual funds. No material changes have been made to the investment objective, strategy or management of the fund.

    About AGF Management Limited

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

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

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

    About AGF Investments

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

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

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

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

    Media Contact

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

    The MIL Network –

  • MIL-OSI: AGF Investments Announces Risk Rating Change

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 25, 2025 (GLOBE NEWSWIRE) — AGF Investments Inc. (AGF Investments) today announced a risk rating change for the following fund effective today.

    Fund Name Previous Risk Rating Revised Risk Rating
    AGF North American Small-Mid Cap Fund Medium Medium-High
         

    The changes are based on the risk classification methodology mandated by the Canadian Securities Administrators to determine the risk level of mutual funds. No material changes have been made to the investment objective, strategy or management of the fund.

    About AGF Management Limited

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

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

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

    About AGF Investments

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

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

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

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

    Media Contact

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

    The MIL Network –

  • MIL-OSI: CVB Financial Corp. Announces 143rd Consecutive Quarterly Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    Ontario, CA, June 25, 2025 (GLOBE NEWSWIRE) — CVB Financial Corp. (NASDAQ: CVBF) (the “Company”) announced a twenty cent ($0.20) per share cash dividend with respect to the second quarter of 2025. This dividend was approved at the Company’s regularly scheduled Board of Directors meeting held on June 25, 2025. The quarterly dividend will be payable on or about July 24, 2025 to shareholders of record as of July 10, 2025.

    “We are pleased to announce our 143rd consecutive quarterly cash dividend paid to our shareholders,” said David A. Brager, President and Chief Executive Officer.

    Corporate Overview
    CVB Financial Corp. (“CVBF”) is the holding company for Citizens Business Bank. CVBF is one of the 10 largest bank holding companies headquartered in California with greater than $15 billion in total assets. Citizens Business Bank is consistently recognized as one of the top performing banks in the nation and offers a wide array of banking, lending and investing services with more than 60 banking centers and three trust office locations serving California.

    Shares of CVB Financial Corp. common stock are listed on the NASDAQ under the ticker symbol “CVBF”. For investor information on CVBF, visit our Citizens Business Bank website at www.cbbank.com and click on the “Investors” tab.

    Safe Harbor
    Certain matters set forth herein may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including forward-looking statements relating to the Company’s current business plans and expectations, growth projections, and our future financial position and operating results. Words such as “will likely result, “aims”, “anticipates”, “believes”, “could”, “estimates”, “expects”, “hopes”, “intends”, “may”, “plans”, “projects”, “seeks”, “should”, “will” and variations of these words and similar expressions help to identify these forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results, performance and/or achievements to differ materially from those projected. These risks and uncertainties include, but are not limited to, all the risk factors set forth in the Company’s public reports, including its Annual Report on Form 10-K for the year ended December 31, 2024, and particularly the discussion of risk factors within that document. The Company does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements except as required by law.

    Contact: David A. Brager
    President and Chief Executive Officer
    (909) 980-4030

    The MIL Network –

  • MIL-OSI: CVB Financial Corp. Announces 143rd Consecutive Quarterly Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    Ontario, CA, June 25, 2025 (GLOBE NEWSWIRE) — CVB Financial Corp. (NASDAQ: CVBF) (the “Company”) announced a twenty cent ($0.20) per share cash dividend with respect to the second quarter of 2025. This dividend was approved at the Company’s regularly scheduled Board of Directors meeting held on June 25, 2025. The quarterly dividend will be payable on or about July 24, 2025 to shareholders of record as of July 10, 2025.

    “We are pleased to announce our 143rd consecutive quarterly cash dividend paid to our shareholders,” said David A. Brager, President and Chief Executive Officer.

    Corporate Overview
    CVB Financial Corp. (“CVBF”) is the holding company for Citizens Business Bank. CVBF is one of the 10 largest bank holding companies headquartered in California with greater than $15 billion in total assets. Citizens Business Bank is consistently recognized as one of the top performing banks in the nation and offers a wide array of banking, lending and investing services with more than 60 banking centers and three trust office locations serving California.

    Shares of CVB Financial Corp. common stock are listed on the NASDAQ under the ticker symbol “CVBF”. For investor information on CVBF, visit our Citizens Business Bank website at www.cbbank.com and click on the “Investors” tab.

    Safe Harbor
    Certain matters set forth herein may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including forward-looking statements relating to the Company’s current business plans and expectations, growth projections, and our future financial position and operating results. Words such as “will likely result, “aims”, “anticipates”, “believes”, “could”, “estimates”, “expects”, “hopes”, “intends”, “may”, “plans”, “projects”, “seeks”, “should”, “will” and variations of these words and similar expressions help to identify these forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results, performance and/or achievements to differ materially from those projected. These risks and uncertainties include, but are not limited to, all the risk factors set forth in the Company’s public reports, including its Annual Report on Form 10-K for the year ended December 31, 2024, and particularly the discussion of risk factors within that document. The Company does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements except as required by law.

    Contact: David A. Brager
    President and Chief Executive Officer
    (909) 980-4030

    The MIL Network –

  • MIL-OSI USA: CFTC Staff Issues No-Action Letter to MIAX Futures Exchange, LLC

    Source: US Commodity Futures Trading Commission

    CFTC Staff Issues No-Action Letter to MIAX Futures Exchange, LLC | CFTC

    /PressRoom/PressReleases/9090-25
    Skip to main content

    June 25, 2025

    WASHINGTON, D.C. — The Commodity Futures Trading Commission’s Division of Market Oversight today issued a no-action letter stating it will not recommend an enforcement action against MIAX Futures Exchange, LLC in connection with the temporary provision for the trading of Minneapolis Hard Red Spring Wheat options on futures (HRSW Options) exclusively through block trades, subject to the conditions in the letter. 
    The no-action position is intended to enable market participants, including those who are not Eligible Contract Participants as defined in section 1a(18) of the Commodity Exchange Act (CEA), to trade out of or offset open positions.
    MIAX sought the requested relief due to the upcoming unavailability of an electronic trading system for HRSW Options. The proposed relief was open to public comment from June 23-25, 2025. 
    The time-limited no-action position is effective from June 29 – August 29, 2025. 

    -CFTC-

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Nathaniel Moran Participates in Small Business Tax Roundtable with U.S. and Tyler Chambers

    Source: Congressman Nathaniel Moran (R-TX-01)

    On Friday, Congressman Nathaniel Moran (TX-01) participated in a Small Business Tax Roundtable hosted by the U.S. Chamber of Commerce and the Tyler Area Chamber of Commerce, where local business leaders and small-business owners from across East Texas gathered to discuss the real-world impact of federal tax policy.

    Tyler, TX – On Friday, Congressman Nathaniel Moran (TX-01) participated in a Small Business Tax Roundtable hosted by the U.S. Chamber of Commerce and the Tyler Area Chamber of Commerce, where local business leaders and small-business owners from across East Texas gathered to discuss the real-world impact of federal tax policy. The conversation focused on the need to make permanent key provisions of the 2017 Tax Cuts and Jobs Act—such as 100% immediate expensing, the increased Qualified Business Income Deduction to 23%, and expanded Small Business and R&D incentives—all central components of the One Big Beautiful Bill (OBBB).

    “I’m grateful to the U.S. Chamber of Commerce, local leaders, and business owners who joined us for this important discussion,” said Congressman Moran. “These conversations and their insight are exactly what we need to shape tax policy that actually works. When it comes to businesses, the One Big Beautiful Bill is about incentivizing innovation and investment, rewarding hard work, protecting small businesses from burdensome taxation and regulations, and making sure businesses in East Texas can grow, hire, and thrive without Washington getting in the way. These conversations remind us of who we’re fighting for—and why passing the OBBB matters.”

    Community and chamber leaders emphasized the importance of smart tax policy and shared firsthand how it affects their region:

    James Sheridan, Board Chair of the Tyler Area Chamber of Commerce, reflected on the roundtable: “It was an honor to host today’s roundtable and highlight the importance of the One Big Beautiful Bill. Extending the 23% deduction for pass-through income—set to expire at the end of this year—will provide meaningful relief to local business owners. By lowering tax rates and expanding this deduction, the law gives entrepreneurs more breathing room to invest in their operations, hire new employees, and support their communities. From family-owned shops in Tyler to service providers across the region, East Texas businesses have thrived under a tax code that rewards hard work and encourages growth.”

    Mark Robinson, Board Chair of the East Texas Coalition, added: “On behalf of the East Texas Coalition, representing Kilgore, Lindale, Longview, Tyler, and Whitehouse Chambers of Commerce, we’re encouraged to see national momentum around key provisions that matter most to our region, particularly the reauthorization of the 2017 Tax Cuts and Jobs Act and the Senate’s recent adjustments to expand short-term Pell Grant eligibility. These provisions directly align with what our employers are asking for: more skilled workers, faster. We also support efforts to streamline federal permitting processes that will boost energy and infrastructure development. These are essential to driving investment, job creation, and long-term economic competitiveness in East Texas.”

    John Gonzales, Executive Director of the Southwest/South Central Region for the U.S. Chamber of Commerce, said: “The U.S. Chamber thanks Congressman Nathaniel Moran for his tireless work to ensure his East Texas small businesses and working families continue to benefit from the pro-growth policies enacted in the Tax Cuts and Jobs Act of 2017. The economic impact of lower rates has helped businesses of all sizes in the district. As a member of the Ways and Means committee, Congressman Moran is working hard to promote jobs and economic growth in the 1st District of Texas.”

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Latta’s Bills to Unleash American Energy & Power AI Approved By Energy and Commerce Committee

    Source: United States House of Representatives – Congressman Bob Latta (R-Bowling Green Ohio)

    Latta’s Bills to Unleash American Energy & Power AI Approved By Energy and Commerce Committee

    Washington, June 25, 2025

    Today, the House Energy and Commerce Committee approved two bills introduced by Congressman Bob Latta (R-OH-5) to unleash American energy as artificial intelligence technology continues to evolve and require increased energy generation: the Electric Supply Chain Act and the Researching Efficient Federal Improvements for Necessary Energy Refining (REFINER) Act. The legislation now awaits consideration on the House floor.   

    The Electric Supply Chain Act directs the Secretary of Energy to conduct regular assessments and submit reports on the supply chain for electricity generation and transmission. The REFINER Act requires the National Petroleum Council to produce a report on the state of petrochemical refineries in the United States.   

    These bills aim to strengthen domestic energy production and infrastructure, priorities Congressman Latta has consistently championed. At today’s full Energy and Commerce markup, he spoke about the importance of supporting these measures. Watch him speak in support of the Electric Supply Chain Act HERE and the REFINER Act HERE. 

    “Generative artificial intelligence isn’t a trend; it’s the backbone of the next industrial era. Countries around the globe are racing to build the full AI stack: data centers, chips, power, and platforms. Here in the United States, we must ensure that we have the right policies in place to have enough energy to power AI and make America an attractive place to build the entire AI supply chain. I’m grateful to my colleagues on the House Energy and Commerce Committee for advancing my two bills to not only support progress in the AI space but also strengthen American-led energy production across the board,” Latta said.    

    Read more about the Electric Supply Chain Act HERE.  

    Read more about the REFINER Act HERE.   

    MIL OSI USA News –

  • MIL-OSI New Zealand: Supermarkets warned about unfair practices

    Source: New Zealand Government

    Economic Growth Minister Nicola Willis has written to the major supermarkets to restate the basic expectation that they take all steps needed to comply with the Fair Trading Act and ensure Kiwi shoppers are not subjected to misleading price claims. 

    “Supermarkets have statutory obligations under the Fair Trading Act to ensure that pricing information is accurate and does not mislead consumers.

    “I am disappointed that I have to spell out to some of New Zealand’s biggest and most sophisticated retail operators – Foodstuffs North Island, Foodstuffs South Island, and Woolworths – that they should have in place processes to prevent inaccurate pricing, institute and publicise refund policies, and train staff to ensure that when errors are reported, fixes occur system-wide. Compliance with the law should be a basic expectation. 

    “I am concerned to hear from the Commerce Commission and Consumer New Zealand that misleading promotional practices and common pricing errors are still occurring within New Zealand’s major supermarket chains.

    “These include customers being charged more at the checkout than the advertised price, specials being advertised that don’t represent a saving on the normal price,  and multibuys that are more expensive than if the products are individually purchased.

    “This week it was reported that two PAKnSave supermarkets that are part of Foodstuffs North Island have pleaded guilty to multiple charges of breaching the Fair Trading Act. The Commerce Commision has also filed proceedings against Woolworths for misleading consumers about prices. 

    “I will not comment on ongoing court proceedings. However, it is clear that as participants in a sector that generates revenue of $27 billion a year, the major supermarkets have the resources to treat their customers fairly. 

    “It should not be customers’ responsibility to alert stores to pricing discrepancies. Kiwi shoppers have the right to expect that the price they pay at the checkout is the same as the price they see in the aisle. 

    “I have asked the major supermarket chains for an update on the actions they are taking to address these issues. It is in their and New Zealand shoppers’ interests that they be clear about what they are doing to ensure shoppers are not misled. 

    “I am considering introducing tougher penalties and potential changes to ensure the provisions of the Fair Trading Act are more readily enforced. 

    “I note that the maximum penalty for a breach of the Fair Trading Act in New Zealand is a fine of $600,000 whereas in Australia the courts can impose a penalty of up to $A50 million.”

    MIL OSI New Zealand News –

  • MIL-OSI USA: SBA Relief Still Available to Virgin Islands Private Nonprofits Affected by Tropical Storm Ernesto

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) is reminding eligible private nonprofit (PNP) organizations in the Virgin Islands of the July 25 deadline to apply for low interest federal disaster loans to offset economic losses caused by Tropical Storm Ernesto occurring Aug. 13-16, 2024.

    The disaster declaration covers the areas of Saint Croix, Saint John, Saint Thomas and Water Island.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to PNPs providing non-critical services of a governmental nature with financial losses directly related to the disaster. Example of eligible non-critical PNPs include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools and colleges.

    EIDLs are available for working capital needs caused by the disaster and are available even if the PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    “SBA loans help eligible small businesses and private nonprofits cover operating expenses after a disaster, which is crucial for their recovery,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “These loans not only help business owners get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster.”

    The loan amount can be up to $2 million with interest rates as low as 3.25% and terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    The deadline to return economic injury applications is July 25, 2025.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. 

    MIL OSI USA News –

  • MIL-OSI USA: SBA Relief Still Available to Virgin Islands Private Nonprofits Affected by Tropical Storm Ernesto

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) is reminding eligible private nonprofit (PNP) organizations in the Virgin Islands of the July 25 deadline to apply for low interest federal disaster loans to offset economic losses caused by Tropical Storm Ernesto occurring Aug. 13-16, 2024.

    The disaster declaration covers the areas of Saint Croix, Saint John, Saint Thomas and Water Island.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to PNPs providing non-critical services of a governmental nature with financial losses directly related to the disaster. Example of eligible non-critical PNPs include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools and colleges.

    EIDLs are available for working capital needs caused by the disaster and are available even if the PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    “SBA loans help eligible small businesses and private nonprofits cover operating expenses after a disaster, which is crucial for their recovery,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “These loans not only help business owners get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster.”

    The loan amount can be up to $2 million with interest rates as low as 3.25% and terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    The deadline to return economic injury applications is July 25, 2025.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. 

    MIL OSI USA News –

  • MIL-OSI USA: SBA Offers Relief to Tennessee Private Nonprofits Affected by April Storms and Tornadoes

    Source: United States Small Business Administration

    ATLANTA – In response to a Presidential disaster declaration for public assistance issued June 19, 2025, the U.S. Small Business Administration (SBA) announced the availability of low interest federal disaster loans for certain private nonprofit (PNP) organizations in Tennessee affected by severe storms, straight line winds, tornadoes and flooding occurring April 2–24, 2025.

    The disaster declaration covers the counties of Cheatham, Davidson, Decatur, Dyer, Fayette, Gibson, Grundy, Hardeman, Hardin, Haywood, Henry, Hickman, Lauderdale, Madison, McNairy, Obion, Perry, Steward, and Tipton.  

    Under this declaration, PNPs providing non-critical services of a governmental nature are eligible to apply for both business physical disaster loans and Economic Injury Disaster Loans (EIDLs) from the SBA. Examples of eligible non-critical PNP organizations include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools, and colleges.

    PNPs may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. Applicants may also be eligible for a loan increase of up to 20% of their physical damages, as verified by the SBA, for mitigation purposes.

    EIDLs are available for working capital needs caused by the disaster and are available even if the PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    “SBA loans help eligible PNPs cover operating expenses after a disaster, which is crucial for their recovery,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “These loans not only help PNPs get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster.”

    Interest rates are as low as 3.625%, with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    The filing deadline to return applications for physical property damage is Aug. 19, 2025. The deadline to return economic injury applications is March 19, 2026.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. 

    MIL OSI USA News –

  • MIL-OSI USA: SBA Offers Relief to Tennessee Private Nonprofits Affected by April Storms and Tornadoes

    Source: United States Small Business Administration

    ATLANTA – In response to a Presidential disaster declaration for public assistance issued June 19, 2025, the U.S. Small Business Administration (SBA) announced the availability of low interest federal disaster loans for certain private nonprofit (PNP) organizations in Tennessee affected by severe storms, straight line winds, tornadoes and flooding occurring April 2–24, 2025.

    The disaster declaration covers the counties of Cheatham, Davidson, Decatur, Dyer, Fayette, Gibson, Grundy, Hardeman, Hardin, Haywood, Henry, Hickman, Lauderdale, Madison, McNairy, Obion, Perry, Steward, and Tipton.  

    Under this declaration, PNPs providing non-critical services of a governmental nature are eligible to apply for both business physical disaster loans and Economic Injury Disaster Loans (EIDLs) from the SBA. Examples of eligible non-critical PNP organizations include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools, and colleges.

    PNPs may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. Applicants may also be eligible for a loan increase of up to 20% of their physical damages, as verified by the SBA, for mitigation purposes.

    EIDLs are available for working capital needs caused by the disaster and are available even if the PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    “SBA loans help eligible PNPs cover operating expenses after a disaster, which is crucial for their recovery,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “These loans not only help PNPs get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster.”

    Interest rates are as low as 3.625%, with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    The filing deadline to return applications for physical property damage is Aug. 19, 2025. The deadline to return economic injury applications is March 19, 2026.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. 

    MIL OSI USA News –

  • MIL-OSI USA: SBA Relief Still Available to Pennsylvania Small Businesses and Private Nonprofits Affected by Drought

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP) organizations in Pennsylvania of the July 25 deadline to apply for low interest federal disaster loans to offset economic losses caused by drought occurring on Nov. 19, 2024.

    The disaster declaration covers the Pennsylvania counties of Chester, Delaware, Montgomery and Philadelphia and the Delaware county of New Castle as well as the New Jersey county of Gloucester.

    Under this declaration SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”  

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.62% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    The deadline to return economic injury applications is July 25, 2025.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. 

    MIL OSI USA News –

  • MIL-OSI USA: SBA Relief Still Available to Pennsylvania Small Businesses and Private Nonprofits Affected by Drought

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP) organizations in Pennsylvania of the July 25 deadline to apply for low interest federal disaster loans to offset economic losses caused by drought occurring on Nov. 19, 2024.

    The disaster declaration covers the Pennsylvania counties of Chester, Delaware, Montgomery and Philadelphia and the Delaware county of New Castle as well as the New Jersey county of Gloucester.

    Under this declaration SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”  

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.62% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    The deadline to return economic injury applications is July 25, 2025.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. 

    MIL OSI USA News –

  • MIL-OSI USA: SBA Relief Still Available to Maryland Small Businesses and Private Nonprofits Affected by Drought

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP) organizations in Maryland of the July 25 deadline to apply for low interest federal disaster loans to offset economic losses caused by drought occurring Nov. 19.

    The disaster declaration covers the Maryland counties of Anne Arundel, Caroline, Kent, Queen Anne’s and Talbot as well as Kent County in Delaware.

    Under this declaration SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”  

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.65% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    The deadline to return economic injury applications is July 25, 2025.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. 

    MIL OSI USA News –

  • MIL-OSI USA: SBA Relief Still Available to Maryland Small Businesses and Private Nonprofits Affected by Drought

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP) organizations in Maryland of the July 25 deadline to apply for low interest federal disaster loans to offset economic losses caused by drought occurring Nov. 19.

    The disaster declaration covers the Maryland counties of Anne Arundel, Caroline, Kent, Queen Anne’s and Talbot as well as Kent County in Delaware.

    Under this declaration SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”  

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.65% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    The deadline to return economic injury applications is July 25, 2025.

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    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. 

    MIL OSI USA News –

  • MIL-OSI USA: SBA Relief Still Available to Connecticut Private Nonprofits Affected by August Severe Storms

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) is reminding small private nonprofit (PNP) organizations in Connecticut of the July 25 deadline to apply for low interest federal disaster loans to offset economic losses caused by severe storm, flooding, landslides, and mudslides occurring on Aug. 18 – Aug. 19, 2024.

    The disaster declaration covers the counties in Fairfield, Litchfield and New Haven.  

    Under this declaration, PNPs providing non-critical services of a governmental nature are eligible to apply for both business physical disaster loans and Economic Injury Disaster Loan (EIDLs) from the SBA. Examples of eligible non-critical PNP organizations include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools, and colleges.

    PNPs may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. Applicants may also be eligible for a loan increase of up to 20% of their physical damages, as verified by the SBA, for mitigation purposes.

    EIDLs are available for working capital needs caused by the disaster and are available even if the PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    “SBA loans help eligible small businesses and private nonprofits cover operating expenses after a disaster, which is crucial for their recovery,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “These loans not only help business owners get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster.”

    Interest rates are as low as 3.25%, with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    The deadline to return economic injury applications is July 25, 2025.

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    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. 

    MIL OSI USA News –