MIL-OSI Banking: Samsung Launches Galaxy Z Fold7, Galaxy Z Flip7 and Galaxy Watch8 Series Globally Starting Today

Source: Samsung

Samsung Electronics today announced the global availability of its latest foldable smartphones, Galaxy Z Fold7 and Galaxy Z Flip7, as well as its new Galaxy Watch8 series.

Galaxy Z Fold7 and Z Flip7: Ultra-Thin and Light With Intuitive Intelligence
Refined by years of breakthrough engineering and elevated with advanced intelligence, Galaxy Z Fold7 and Z Flip7 represent the next leap in smartphone innovation. Galaxy Z Fold7 and Z Flip7 are Samsung’s thinnest, lightest and most advanced Z series devices yet. Powered by cutting-edge performance and seamlessly integrated Galaxy AI,1 they are intelligent, adaptive companions that anticipate and respond to user needs in real time. With expansive, flexible displays, pro-grade cameras and context-aware intelligence, Galaxy Z Fold7 and Z Flip7 open up new realms of ultra experience with productivity, creativity and connection.

Galaxy Z Fold7 brings Galaxy advancements together and broadens their scope, delivering an ultra-level experience in the thinnest, lightest and most advanced Z series yet. It offers immersive, high-octane performance on an expansive screen, empowering users to game, stream, connect and create all at once. Galaxy’s true AI companion experience has also been optimized for the foldable format, enabling fluid interactions across more apps and the larger screen. And with camera and screen sharing with Gemini Live,2 users can talk naturally to Gemini about what they’re viewing. They can simply share a picture of a local delicacy while they’re exploring a new city and ask Gemini whether there is a nearby restaurant where they can try it. Plus, Galaxy Z Fold7’s ultra-grade 200 MP high-resolution camera gives the freedom to shoot at flexible angles, putting professional-quality content creation at users’ fingertips. For example, convenient editing features like Generative Edit3 now automatically detect passersby in the background of photos and proactively recommend what to remove, eliminating the need to make manual selections and edits. Apart from these features, Galaxy Z Fold7 brings familiarity and durability in a head-turning new design that unfolds into something extraordinary.

As for Galaxy Z Flip7, it distills flagship power, intelligence and personality into a compact and iconic form. With its edge-to-edge FlexWindow, users can express themselves, access key features at a glance and stay connected — all without opening the device. Built for dynamic lifestyles, Galaxy Z Flip7 transforms the way users capture and share content, from flawless selfies to cinematic video, all with the agility and creativity only Flip devices can offer. Now Bar4 delivers helpful information right on Galaxy Z Flip7’s FlexWindow to help users stay in control of their day, such as what song is playing, workout progress and even rideshare ETAs at a glance. Gemini Live also allows users to share what they see through their camera and chat with Gemini in real time directly on FlexWindow. So, they can ask for travel tips while road tripping with their dog or outfit suggestions based on the day’s weather. Users can also simply share the camera in Flex Mode and converse with Gemini hands-free. Galaxy Z Flip7’s FlexCam makes it easier than ever to capture the perfect selfie. Real-time filters on the FlexWindow instantly enhance users FlexCam selfies, so that they can be ready to post or share without the need for any extra editing. And with fun new features like Portrait Studio5 for pets, users can instantly transform any snapped or downloaded pet photo into a work of art. They can choose from styles that resemble artistic paintings, 3D cartoons, fisheye lens photos or professional-quality portraits and create frame-worthy masterpieces with one quick tap.

Years of breakthrough engineering have led foldables to become flexible canvases for the new AI experience. As a new class of smartphones designed to fit in with and elevate user lives, Galaxy Z Fold7 and Galaxy Z Flip7 represent this achievement. Familiar yet transformative, they blend power, portability, style and substance, whether users seek a revolutionary, ultra-level experience or an AI powerhouse that fits in their pocket. As form factors evolve to look and think differently, this generation of foldables represents the next leap in smartphone innovation.

Galaxy Watch8 Series: Ultra-Comfort Meets Real-Time Health Motivation
Completing the Galaxy ecosystem, the Galaxy Watch8 series — including Galaxy Watch8 and Galaxy Watch8 Classic — brings the same spirit of re-engineering found in the new phones to the wrist. Galaxy Watch8 features advanced sensor technology and creates an intuitive AI-powered experience to help users fulfill a healthier, more connected life, while its ultra-thin cushion design and Dynamic Lug system flex naturally for all-day comfort and more precise sensor contact. Leveraging Samsung’s BioActive Sensor for continuous health tracking, the watches deliver real-time insights and instant rewards or alerts across sleep, stress, nutrition and activity, turning healthy intentions into immediate, motivating feedback.6 Plus, for the first time in a smartwatch, Galaxy Watch8 has introduced the Antioxidant Index,7 enabling users to measure carotenoid levels in just five seconds and make informed lifestyle choices for healthy aging.

Hands-On With the Galaxy Z Series and the Watch8 Series at Galaxy Experience Spaces
After Unpacked, Samsung opened its Galaxy Experience Spaces in major cities including Dubai, London, New York, Paris and Seoul. Designed to offer consumers an early, hands-on experience of the newest Galaxy devices, these spaces featured interactive zones that highlighted the devices’ design, performance and Galaxy AI features. Samsung also partnered with local communities including running, photography and skateboarding groups to host various sessions, teaching visitors how they can get the most out of their new devices.

In addition, Samsung launched a new Experience Store locator feature on Samsung.com, making it easier for users to find nearby stores and try the newest devices in person.

Availability
Galaxy Z Fold7, Galaxy Z Flip7, Galaxy Watch8 and Galaxy Watch8 Classic will be available for purchase at Samsung.com and in stores across 49 markets starting July 25, before being made available in over 110 markets worldwide. Galaxy Z Fold7 is offered in Blue Shadow, Silver Shadow, Jetblack8 and an online-exclusive Mint.9 Galaxy Z Flip7 comes in Jetblack, Blue Shadow, Coralred10 and an online-exclusive Mint.11 Galaxy Z Flip7 FE, which brings the foldable experience to a wider audience, is available in Black or White.

So far, Blue Shadow has emerged as the most popular color globally for both Galaxy Z Fold7 and Z Flip7, accounting for nearly 40% of pre-orders for both devices.

Galaxy Watch8 is available in two sizes — 44 mm and 40 mm — and comes in Graphite or Silver. Galaxy Watch8 Classic comes in 46 mm with Black or White options, while the new Galaxy Watch Ultra is offered in four titanium finishes, including the new Titanium Blue.

For greater peace of mind, Samsung Care+12 offers comprehensive coverage for accidental damage, repairs and replacements. Plus, for users who love having the latest technology, Samsung is introducing the New Galaxy Club.

Users can get expanded access to Google AI Pro and 2 TB of cloud storage for 6 months at no cost with Galaxy Z Fold7, Galaxy Z Flip7 and Galaxy Z Flip7 FE.

For more information about the Galaxy Z series and Galaxy Watch8 series, please visit: Samsung Newsroom, SamsungMobilePress.com and Samsung.com.

1 Samsung Account login may be required to use certain AI features. Samsung does not make any promises, assurances or guarantees as to the accuracy, completeness or reliability of the output provided by AI features. Availability of Galaxy AI features may vary depending on the region/country, OS/One UI version, device model and phone carrier. Galaxy AI features will be provided for free until the end of 2025 on supported Samsung Galaxy devices. Different terms may apply for AI features provided by third parties. Galaxy AI service may be limited for minors in certain regions with age restrictions over AI usage.
2 Gemini Live feature requires internet connection and Google Account login. Service availability may vary by country, language, device model. Features may differ depending on subscription and results may vary. Compatible with certain features and certain accounts. Only available to users 18 years or older. Accuracy of results is not guaranteed.
3 Generative Edit feature for Photo Assist requires a network connection and Samsung Account login. Editing with Generative Edit may result in a resized photo. A visible watermark is overlaid on the image output upon saving in order to indicate that the image is generated by AI. The accuracy and reliability of the generated output is not guaranteed.
4 Availability of functions supported within the apps may vary by country. Some functional widgets may require a network connection and/or Samsung Account login.
5 Portrait Studio feature for Photo Assist requires a network connection and Samsung Account login. Editing with Portrait Studio results in a resized photo. A visible watermark is overlaid on the image output upon saving in order to indicate that the image is generated by AI. The accuracy and reliability of the generated output is not guaranteed.
6 Not intended for use in detection, diagnosis or treatment. Intended for general wellness and fitness purposes only. The result is for your personal reference only. Please consult a medical professional for advice.
7 Antioxidant index available on Android phones (Android 10 or above) and requires the Samsung Health app (v6.30 or above). Samsung account login required. To measure, place the center of your finger on the sensor at the back of the Watch and hold it for 5 seconds. While Anti-oxidant index can be measured using any finger, the thumb is recommended for the most accurate result. Repeat measurement due to uneven skin texture may lead to inaccurate results. Antioxidant index is for fitness and wellness only. Not intended for use in detection, diagnosis or treatment of any medical condition. Please consult a medical professional for advice if you’re concerned about your antioxidant level. This is a Labs feature that you can preview before its official launch. If you don’t want to use this experimental feature, you can turn it off in Samsung Health settings.
8 Color availability may vary depending on market, country or carrier.
9 Online exclusive colors only available on Samsung.com.
10 Color availability may vary depending on market, country or carrier.
11 Online exclusive colors only available on Samsung.com.
12 Terms and conditions apply. Samsung Care+ coverage, service type and promotion details may vary by country/region and deductible (service fee) may apply. To be eligible for Samsung Care+ promotion benefit, registration may be required. For detailed Samsung Care+ information, please visit https://www.samsung.com/samsung-care-plus/.

MIL OSI Global Banks –

July 25, 2025

MIL-OSI USA: Case Opposes Foreign Affairs Funding Measure That Weakens National Security By Slashing Critical Foreign Assistance Efforts

Source: United States House of Representatives – Congressman Ed Case (Hawai‘i – District 1)

(Washington, DC) – U.S. Congressman Ed Case (HI-01), a member of the House Appropriations Committee, voted in Committee against the proposed Fiscal Year (FY) 2026 National Security, Department of State and Related Programs Appropriations bill that would our nation’s foreign affairs programs and agencies by 22%

This measure funds (or should fund) U.S. foreign policy efforts, including the Department of State, U.S. Agency for International Development (USAID), U.S. contributions to the United Nations and its agencies and more.

The bill historically provides for international diplomatic presence and outreach as well as foreign assistance in public health, basic education, educational and cultural exchanges, climate change and more. The bill’s proposed FY 2026 discretionary funding level is $46.2 billion. This is a decrease of $13 billion (22 percent) from the FY 2025 enacted level.

“While this measure did fund many critical Hawai‘i and Indo-Pacific priorities I requested, I had to vote against it because on balance it weakens our global leadership when the world most needs our continued full engagement,” said Case.

Case spoke in Committee in opposition to the measure, saying it would “split our alliances, partnerships and friendships and cast our country as an unreliable partner”, allowing the People’s Republic of China to fill voids left by U.S. disengagement. His remarks are here.

The bill continues the Trump administration’s gutting of U.S. foreign assistance across a broad array of efforts, including:

· Codifying the closure of the U.S. Agency for International Development.

· Cutting international humanitarian aid by 42% in activities previously funded under International Disaster Assistance and Migration and Refugee Affairs.

· Cutting U.S. bilateral economic assistance by 21% in activities previously funded under Development Assistance, Economic Support Fund and other accounts.

· Creating a $1.7 billion transactional slush fund for the Trump administration called the “America First Opportunity Fund” with no effective congressional oversight.

However, Case did welcome support in the bill for various of his requests related to Hawai‘i and the Indo-Pacific, especially $16.7 million for the East-West Center in Honolulu.

“As we continue to focus on the growing influence of the PRC in the Indo-Pacific, our national security interests must also include diplomatic engagement and assistance to promote peace and diplomacy in the region,” said Case. “Continued funding for our East-West Center and other world-leading institutions in Hawai‘i supports our country’s standing in an area widely seen as the most dynamic and critical on earth.”

“For all seven of my years on Appropriations, I have ranked full funding for the Center at the top of my annual requests to my committee because I believe not only in the Center’s invaluable work but in what it represents for Hawaii’s central role in the Asia-Pacific and in the broader benefits that bring high-quality … jobs to our overall economy,” he said.

“Though we still have a long way to go this appropriations year, I’m grateful that my House colleagues have again favorably considered my request, especially when the President’s budget proposed zero funding for the Center.”

Other bill provisions requested by Case include:

· $1.8 billion for the implementation of the Indo-Pacific Strategy, which promotes peace, prosperity and democracy in the region.

· $175 million for the Pacific Islands region, the same as FY 2025 enacted levels.

· $3 million for the Advancing Port Enhancement and Customs Security program in the Pacific Islands.

· Funding for Pacific Islands exchange programs, with a focus on partnering with universities in Pacific locations.

· Funding for small grants programs to assist local communities across the Pacific Islands.

· Funding for a Flexible Microfinance Facility for the Pacific Islands, launched by the Development Finance Corporation with the Department of State.

· Report language supporting funding for free and open media in the Pacific.

· Funding for trade capacity-building activities in the Pacific Islands.

· Report language supporting the Peace Corps’ expansion in the Pacific.

· Funding for a demand-driven initiative to diversify trade opportunities in the Pacific Islands.

· Language requiring a report on ways to strengthen U.S. trade and investment with the Pacific Islands.

· Funding for unexploded ordinance removal in the Pacific Islands, including Papua New Guinea and Solomon Islands.

· Language requiring a strategy for faith-based engagement for assistance in the Pacific Islands.

The bill further includes funding for several foreign policy programs supported by Case, although some at unacceptably low levels. Among them are:

· $411 million for the Peace Corps, a decrease of $20 million from FY 2025.

· $411 million for peacekeeping operations, the same as FY 2025.

· $562.3 million to support international peacekeeping activities, a decrease of $838 million.

· $701 million for educational and cultural exchange programs, which include the Fulbright programs, a decrease of more than $40 million.

· $310 million for contributions to international organizations, a decrease of $1.2 billion.

· $1.5 billion for the Global Fund to Fight AIDS, Tuberculosis and Malaria, a decrease of $200 million.

· $915 million for maternal and child health programs.

A summary of the bill is available here.

This is the ninth of twelve separate bills developed and approved by the Appropriations Committee that would fund the federal government at some $1.6 trillion for FY 2026 commencing October 1^st of this year. The bill now moves on to the full House of Representatives for its consideration.

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MIL OSI USA News –

July 25, 2025

MIL-OSI USA: SBA Opens Disaster Loan Outreach Center in Clayton

Source: United States Small Business Administration

SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) announced today the opening of a Disaster Loan Outreach Center (DLOC) in St. Louis County to assist small businesses, private nonprofit (PNP) organizations and residents affected by severe storms, straight-line winds, tornadoes and wildfires occurring March 14–15 and also for those affected by severe storms, straight-line winds, tornadoes and flooding occurring May 16.

Beginning Friday, July 25, SBA customer service representatives will be on hand at the Disaster Loan Outreach Center in Clayton to answer questions and assist with the disaster loan application process. No appointment is necessary, walk-ins are welcome. Those who prefer to schedule an in-person appointment in advance can do so at appointment.sba.gov.

The center’s hours of operation are as follows:

ST. LOUIS COUNTY

Disaster Loan Outreach Center

Mid-County Branch Library

7821 Maryland Ave.

Clayton, MO 63105

Opens at 9:00 a.m., Friday, July 25

Mondays – Thursdays, 9:00 a.m. – 6:00 p.m.

Fridays – Saturdays, 9:00 a.m. – 5:00 p.m.

The following locations are also open and continue to serve survivors:

THE INDEPENDENT CITY OF ST. LOUIS

Business Recovery Center

St. Louis Community College

Harrison Education Center

3140 Cass Ave., Rm. #104

St. Louis, MO 63106

Mondays – Fridays, 8:30 a.m. – 6:00 p.m.

ST. LOUIS COUNTY

Disaster Loan Outreach Center

St. Louis County Library

Florissant Vallet Branch

Quiet Room

195 S. New Florissant Rd.

Florissant, MO 63031

Mondays – Thursdays, 9:00 a.m. – 6:00 p.m.

Fridays – Saturdays, 9:00 – 5:00 p.m.

“When disasters strike, SBA’s Disaster Loan Outreach Centers perform an important role by assisting small businesses and their communities,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the U.S. Small Business Administration. “At these centers, our SBA specialists help business owners and residents apply for disaster loans and learn about the full range of programs available to support their recovery.”

Businesses and nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.

Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may apply for up to $500,000 to replace or repair their primary residence.

Applicants may be eligible for a loan increase of up to 20% of their physical damages, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements include insulating pipes, walls and attics, weather stripping doors and windows, and installing storm windows to help protect property and occupants from future disasters.

The SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and private nonprofit organizations impacted by financial losses directly related to these disasters. 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 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.

For SBA declaration MO 21094 for the March storms, interest rates are as low as 4% for small businesses, 3.625% for nonprofits, and 2.75% for homeowners and renters with terms up to 30 years.

For SBA declaration MO 21129 for the May storms, interest rates are as low as 4% for small businesses, 3.625% for nonprofits, and 2.813% for homeowners and renters with terms up to 30 years.

Interest does not begin to accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA determines eligibility and 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.

Although the deadline to return applications for physical property damage due to the March storms has passed, there is a grace period of 60 days the SBA will accept applications beyond the July 22 deadline. The grace period will end on Sept. 20, 2025. The deadline to return economic injury applications is Feb. 23, 2026.

The filing deadline to return applications for physical property damage due to the May storms is Aug. 11, 2025. The deadline to return economic injury applications is March 9, 2026.

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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, 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 –

July 25, 2025

MIL-OSI USA: SBA Relief Available to New Mexico Small Businesses, Private Nonprofits and Residents Affected by Severe Storms, Flooding and Landslides

Source: United States Small Business Administration

SACRAMENTO, Calif. – In response to a Presidential disaster declaration issued July 22, the U.S. Small Business Administration (SBA)announced the availability of low interest federal disaster loans to New Mexico small businesses, private nonprofit (PNP) organizations and residents affected by severe storms, flooding and landslides beginning June 23.

The disaster declaration covers the New Mexico county of Lincoln which is eligible for both Physical damage loans and Economic Injury Disaster Loans (EIDLs) from the SBA. Small businesses and PNP organizations in the following adjacent counties are eligible to apply only for SBA EIDLs: Chaves, De Baca, Guadalupe, Otero, Sierra, Socorro and Torrance.

Businesses and nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.

Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may apply for up to $500,000 to replace or repair their primary residence.

Applicants may be eligible for a loan increase of up to 20% of their physical damage, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements include insulating pipes, walls and attics, weather stripping doors and windows, and installing storm windows to help protect property and occupants from future disasters.

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

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

“One distinct advantage of SBA’s disaster loan program is the opportunity to fund upgrades reducing the risk of future storm damage,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “I encourage businesses and homeowners to work with contractors and mitigation professionals to improve their storm readiness while taking advantage of SBA’s mitigation loans.”

Interest rates can be as low as 4% for small businesses, 3.625% for PNPs and 2.813% for homeowners and renters with terms up to 30 years. Interest does not begin to 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.

As soon as Federal-State Disaster Recovery Centers open throughout the affected area, SBA will provide one-on-one assistance to disaster loan applicants. Additional information and details on the location of disaster recovery centers is available by calling the SBA Customer Service Center at (800) 659-2955.

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.

###

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, 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 –

July 25, 2025

MIL-OSI USA: Bill to Fund Key Transportation and Housing Programs in Maine Clears Appropriations Committee

US Senate News:

Source: United States Senator for Maine Susan Collins

July 24, 2025

Washington, D.C. – U.S. Senator Susan Collins, Chair of the Appropriations Committee, announced that she secured significant funding and provisions for Maine in the Fiscal Year 2026 Transportation, Housing and Urban Development (THUD) Appropriations Act. The bill, which was officially approved by the Senate Appropriations Committee today, now awaits consideration by the full Senate and House.

The measure, which was advanced by a vote of 27-1, provides $400 million in defense funding and $99.8 billion in nondefense funding.

“Strengthening local economies throughout Maine starts with prioritizing and improving our infrastructure and transportation network. This legislation would build on previous investments, providing funding to enhance safety, move people and products more safely and efficiently, and create jobs across the state. It would also maintain existing rental assistance for more than 4.6 million households throughout the United States and invest in programs aimed at tackling homelessness,” said Senator Collins. “As the Chair of the Appropriations Committee, I will continue to advocate for this funding as the appropriations process moves forward.”

Since joining the Appropriations Committee in 2009, Senator Collins has helped to secure more than $1 billion in competitive transportation grants for the State of Maine.

Bill Highlights:

Local Projects: Nearly $135 million for Congressionally Directed Spending projects in Maine. This includes more than $46 million for six MaineDOT projects.

Department of Transportation:

Bridge Repair and Rehabilitation Funding: $350 million for a competitive rural bridge rehabilitation and replacement program, of which Maine is guaranteed to receive at least $32.5 million and is eligible for up to $55 million.
BUILD Grants: $250 million for BUILD grants, a program championed by Senator Collins to provide federal assistance for vital transportation projects across the country. Maine has received more than $393 million since the program, previously known as TIGER and RAISE, was established in 2009.

Consolidated Rail Infrastructure and Safety Improvement (CRISI) Grants: $100 million for discretionary CRISI grants to support projects that improve the safety, efficiency, and reliability of intercity passenger and freight rail.

State Maritime Academies (SMAs): $143 million for SMA Operations, which includes $115 for the National Security Multi-Mission Vessels program and associated SMA shore-side infrastructure improvements, benefitting Maine Maritime Academy.

Ports and Shipyards: $75 million for the Port Infrastructure Development Program to support improvements to ports and $30 million for the Small Shipyard Grant program to support capital improvements and workforce training in shipbuilding, ship repair, and associated industries. Maine shipyards that have benefitted from the Small Shipyards Grant program include Rockland Marine Corporation, Washburn & Doughty, and Front Street Shipyard.

Aviation Improvement Program (AIP): $4 billion, which includes $25 million in discretionary supplemental AIP funding, which has benefited airports in Bangor, Presque Isle, Old Town, and Wiscasset in prior years. This also includes $25 million for a new discretionary rural airport grant program that targets those airports who have typically received a smaller amount of entitlement money based on their annual AIP formula amounts. Hancock County-Bar Harbor Airport would be eligible to receive funds from this new rural airport program.
Essential Air Service (EAS): $513.6 million to support all existing EAS communities, including Augusta, Hancock County-Bar Harbor, Presque Isle, and Rockland.

Department of Housing and Urban Development (HUD):

Community Development Block Grants (CDBG): $3.1 billion for the CDBG program, which helps state and local governments promote economic development and job creation.
HOME Investment Partnerships Program: $1.25 billion for the HOME program, which provides critical funding for the development of new affordable housing.

Youth Homelessness: $107 million for the Youth Homelessness Demonstration program and $25 million for Family Unification Program (FUP) vouchers for youth exiting foster care and at risk of homelessness.

Aging-in-Place Home Modifications for Seniors: $30 million for home modification grants to enable low-income seniors to “age in place” and remain in their own homes. The bill addresses several barriers to greater participation, including streamlining environmental reviews, adjusting the cost per property cap to account for increased labor and materials costs, and encouraging rather than requiring the use of occupational therapists.

Housing for the Elderly: $972 million for the Housing for the Elderly (Section 202) program, of which $122 million is for the development of new HUD-assisted senior housing properties.

Housing During Substance Abuse Recovery: $30 million for states to provide individuals in recovery with stable, temporary housing. This includes more than $1 million for transitional housing support for addiction recovery programs in Maine.
Lead Hazard Reduction Grants: $295.6 million to remediate lead-based paint hazards, helping communities protect children from the harmful effects of lead-based paint poisoning in homes.

This funding and language advanced through the Committee’s markup of the FY 2026 THUD Appropriations bill—an important step that now allows the bill to be considered by the full Senate.

MIL OSI USA News –

July 25, 2025

MIL-OSI China: Broader, improved medical coverage for a healthier country

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

BEIJING, July 24 — During the 2021-2025 period, China’s basic medical insurance has maintained a coverage rate of around 95 percent, with over 1.32 billion people enrolled in 2024, according to the National Healthcare Security Administration (NHSA).

Zhang Ke, head of the administration, unveiled the data on Thursday at a press conference highlighting achievements during the 14th Five-Year Plan period (2021-2025).

Medical assistance schemes cover approximately 80 million people in China each year, helping to ensure that they can benefit from the insurance program, Zhang said.

According to Li Tao, deputy head of the administration, during the 2021-2025 period, relevant authorities nationwide have spent about 72.3 billion yuan (about 10.1 billion U.S. dollars) to assist people from disadvantaged groups, providing support for 350 million instances of insurance coverage.

Thanks to this support, over 99 percent of China’s low-income population and those lifted out of poverty in the country’s rural areas are now covered by medical insurance.

SUPPORTING PARENTHOOD, THE VULNERABLE

A total of 253 million people were covered by maternity insurance as of June 2025, with cumulative fund expenditures reaching 438.3 billion yuan, Zhang said.

Maternity insurance benefits have been accessed 96.14 million times since 2021, he added.

Notably, assisted reproductive services are now covered by medical insurance across 31 provincial-level regions and in the Xinjiang Production and Construction Corps, Zhang revealed.

At the same time, China had expanded its long-term care insurance to cover 190 million people by the end of 2024, according to the NHSA.

The long-term care insurance fund has raised over 100 billion yuan and paid out more than 85 billion yuan during the 2021-2025 period. Meanwhile, this insurance program has supported over 2 million people unable to care for themselves — reducing the financial burden of care services by more than 50 billion yuan, Li said.

China now has over 8,800 designated institutions providing long-term care insurance services, with a workforce of 300,000 caregivers — with both these figures marking a more than 50-percent increase since the start of the 14th Five-Year Plan period, he noted.

BETTER DRUGS, FAIRER PRICES

During the 2021-2025 period, China’s medical insurance spending on innovative drugs has grown significantly with an increase of 40 percent annually. In 2024, meanwhile, related spending reached 3.9 times the amount recorded in 2020, Zhang said.

Since 2021, China has approved over 100 domestically developed innovative drugs for market entry, while its 14th Five-Year Plan period has witnessed the approval of more than 160 groundbreaking medical devices. Many of these advanced devices incorporate cutting-edge technologies — including deep learning, magnetic levitation and magnetic resonance monitoring.

While promoting medical innovation and expanding access to advanced treatments, China has also strengthened efforts to ensure drug prices remain fair and sustainable.

Since 2018, the country has carried out 10 rounds of centralized medicine procurement, covering 435 medicines, said Shi Zihai, deputy head of the NHSA.

The NHSA has also actively handled cases of irregular drug pricing and urged pharmaceutical companies to rectify their practices. To date, the administration has issued notices to 566 companies — requiring price adjustments for 726 medicines across various specifications.

In addition, the NHSA has implemented measures to regulate medicine prices, both online and at physical drugstores, Shi said.

MIL OSI China News –

July 25, 2025

MIL-OSI USA: Gillibrand Touts Big Wins For New York State In Senate Appropriations Transportation, Housing, And Urban Development Subcommittee’s Fiscal Year 2026 Appropriations Bill

US Senate News:

Source: United States Senator for New York Kirsten Gillibrand

The Bill Bolsters Funding for New York State Projects, Including Phase 2 of the Second Avenue Subway, Tenant Protection Vouchers, and Amtrak’s Northeast Corridor

Today, U.S. Senator Kirsten Gillibrand, ranking member of the Transportation and Housing subcommittee of the U.S. Senate Committee on Appropriations, touted big wins she worked to include for New York State and that were passed out of committee in the Fiscal Year 2026 Transportation, Housing and Urban Development, and Related Agencies Appropriations Act.

“New Yorkers from Brooklyn to Hamilton County know firsthand that our state needs critical infrastructure, transportation, and affordable housing investment,” said Senator Gillibrand. “I am proud that our committee worked together on a bipartisan basis and passed a bill that addresses these critical needs. The funding will help New Yorkers travel around our state more easily, make homes more affordable, and improve air traffic congestion at local airports. I’m proud of the work this subcommittee has done to produce a strong bill and urge my colleagues to pass it through the full Senate as soon as possible.”

The bill includes funding for important priorities in New York State:

$700 million to fund the Hudson River Tunnel;
$307.3 million to fund Phase 2 of the Second Avenue Subway;
$850 million to fully fund Amtrak’s budget request for the Northeast Corridor;
$22 billion to fully fund the Federal Aviation Administration, which will help address congestion issues at John F. Kennedy, LaGuardia, and Newark Airports;
$514 million for the Essential Air Service program to continue to support the Massena, Ogdensburg, Plattsburgh, Saranac Lake/Lake Placid, and Watertown airports;
$62 million for the Reconnecting Communities program Senator Gillibrand created in the Bipartisan Infrastructure Law to fund projects to remove and mitigate infrastructure that divides communities;
$20 million in new funding to support transit safety and security initiatives, including for the MTA;
$161.5 million infunding for the U.S. Merchant Marine Academy in Kings Point, including for campus and building renovations;
Full funding to maintain rental assistance, including $430 million for tenant protection vouchers to assist the most at-risk residents in NYCHA;
Invests in expanding and improving the homeless response system to help senior citizens, veterans, youth, and others facing homelessness;
$1.25 billion to sustain the HOME Investment Partnerships Program, the primary federal program builds more affordable housing;
And $73 million in congressionally directed spending for affordable housing, community development, and transportation projects across New York.

MIL OSI USA News –

July 25, 2025

MIL-OSI USA: Ernst Protects U.S. Farmland, Calls for Modernization for Farmers

US Senate News:

Source: United States Senator Joni Ernst (R-IA)

WASHINGTON – U.S. Senator Joni Ernst (R-Iowa), a member of the Senate Agriculture Committee, is working to modernize outdated U.S. Department of Agriculture (USDA) systems that burden many farmers and leave farmland vulnerable to foreign adversaries.
During the hearing, Ernst secured a commitment from Richard Fordyce, nominee for Undersecretary of Agriculture for Farm Production and Conservation, to update and digitize the process for producers when working with their local USDA offices. She also pointed out her oversight efforts and ongoing work to overhaul the outdated Agricultural Foreign Investment Disclosure Act (AFIDA) reporting system to better protect American farmland from malign foreign actors.

Watch her full line of questioning here.
“That same modernization is needed when it comes to how USDA tracks and monitors foreign land in the United States,” said Ernst.“The Agriculture Foreign Investment Disclosure Act – AFIDA – was signed into law in 1978, and it has been barely touched since then. Even today, foreign land purchases are reported on paper and staff must manually reenter each submission, a process that’s inefficient and prone to errors, and I’ve seen this firsthand…The recent commitments from Secretary Rollins to modernize the AFIDA reporting process is welcome news. It’s a much-needed step to protect our farmland from adversaries.”
Background:
Ernst understands that food security is national security. Her bipartisan FARMLAND Act will overhaul the current outdated system that has allowed China’s malign influence to threaten American security.
Ernst confronted the Biden USDA about its lack of oversight of foreign involvement in American agricultural land and questioned officials to ensure they make updates to the AFIDA reporting process a priority.

MIL OSI USA News –

July 25, 2025

MIL-OSI USA: Murphy, Trahan Reintroduce Legislation to Codify College Athletes’ Unrestricted Right to Their Name, Image, Likeness

US Senate News:

Source: United States Senator for Connecticut – Chris Murphy

July 24, 2025

WASHINGTON—U.S. Senator Chris Murphy (D-Conn.), a member of the U.S. Senate Health, Education, Labor and Pensions Committee, and U.S. Representative Lori Trahan (D-Mass.-03), a member of the U.S. House Committee for Energy and Commerce and a former college athlete, on Wednesday reintroduced legislation that would establish an unrestricted federal right for college athletes to market their Name, Image, and Likeness (NIL). The College Athlete Economic Freedom Act allows international college athletes to market their NIL without losing their visa status, encourages negotiation between athletes and their colleges for the use of athletes’ NIL for promotion and media rights deals, and ensures colleges and collectives do not discriminate on the basis of gender, race, or participating sports in the facilitation of NIL deals.

“College athletes dedicate years of their lives to their craft and deserve their fair share of a multibillion-dollar industry built on their hard work,” said Murphy. “While the past four years of Name, Image, and Likeness (NIL) policy have allowed these athletes to finally make money off their talent, the NCAA is hoping Donald Trump and Republicans in Congress will help them undo years of hard-earned progress. Our legislation shields college athletes from an assault on their livelihoods by expanding and codifying their basic right to be fairly compensated for their Name, Image, and Likeness.”

“Instead of trying to undo the rights college athletes fought for decades to secure, Congress should address the real issues facing college sports today,” said Trahan. “The College Athlete Economic Freedom Act codifies athletes’ unrestricted NIL rights nationwide, closes the loophole prohibiting international athletes from entering into NIL agreements, and guarantees that women have a fair shot in the NIL marketplace. It’s long past time for Congress to stand with the athletes who’ve driven this industry without a real seat at the table.”

Specifically, the College Athlete Economic Freedom Act would:

Establish an unrestricted federal right for college athletes and prospective college athletes to market the use of their name, image, and likeness — individually and as a group — by prohibiting colleges, conferences, and the NCAA from setting or enforcing rules that restrict this right or otherwise colluding to limit how athletes can use their NIL
Protect athletes’ ability to retain representation as they see fit, including lawyers, agents, and collective representatives (i.e. players associations) while prohibiting the NCAA or conferences from regulating athlete representation

Ensure colleges and affiliated NIL collectives do not discriminate by gender, race, or sport in the facilitation of NIL deals along with requiring collectives to register with the Federal Trade Commission (FTC) and report the NIL deals they have facilitated so athletes and stakeholders asserting discrimination have all the information they need to address it

Ensure equitable opportunities for college athletes to market their NIL by asserting that institutional support by colleges, conferences, or the NCAA for NIL opportunities is made available to all college athletes, along with commissioning a market analysis of NIL monetization with recommendations for improving opportunities across race, gender, and sport

Allow international college athletes to market their NIL in the same ways their non-immigrant peers can without losing their F-1 visa status, including in the case that athletes become employees of their schools and/or athletic associations

Require colleges and athletic associations to obtain a group license from athletes for using their NIL for any type of promotion, including via a media rights deal, and notify athletes of how their NIL was used along with how much revenue those deals generated, helping athletes negotiate with colleges, conferences, and the NCAA for their fair share of the revenues they produce

Assert robust enforcement for violations by colleges, conferences, or the NCAA in restricting athletes’ NIL rights, notably through asserting per se antitrust penalties, a private right of action for athletes to pursue civil action against violators, and authorizing the Federal Trade Commission (FTC) to levy “unfair or deceptive practice” penalties.

Full text of the bill is available here.

A one-pager of the bill is available here.

MIL OSI USA News –

July 25, 2025

MIL-OSI Russia: China, EU should expand trade, investment ties to cope with external uncertainty: Chinese Premier

Translation. Region: Russian Federal

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

An important disclaimer is at the bottom of this article.

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

BEIJING, July 24 (Xinhua) — Chinese Premier Li Qiang on Thursday called on China and the European Union to expand trade and investment ties to enhance the resilience and vitality of both sides’ economies and better cope with external uncertainties.

Li Qiang made the announcement at a China-EU entrepreneurs’ symposium at the Great Hall of the People in Beijing, which was also attended by European Commission President Ursula von der Leyen.

Speaking to about 60 business leaders, Li Qiang stressed that cooperation is the only right choice for China and the EU, noting that the bilateral trade and economic cooperation has shown strong internal vigor in the half-century since the establishment of diplomatic relations.

Facing rising protectionism and unilateralism, China and Europe can become a bulwark of stability for economic globalization and international supply chains by advocating free trade and multilateralism and engaging in closer economic and trade cooperation, the premier said.

Li Qiang proposed that both sides focus on areas such as trade in services, scientific and technological innovation, green economy and cooperation with third parties, building a relationship of healthy competition and cooperation.

He called on enterprises from both sides to adhere to an open attitude, closely align their needs and deepen cooperation in areas such as industrial investment, market expansion and joint research and development.

The Chinese leader assured that China will continue to expand high-level opening-up, shorten the negative list for foreign investment, strengthen intellectual property protection and ensure fair competition.

“We invite more European enterprises to invest in China and develop in an all-round way in China,” Li Qiang said, calling on the EU in turn to provide a fair, just and non-discriminatory business environment for Chinese enterprises investing in Europe.

W. von der Leyen, for her part, noted that China is not only a major industrial power, but also achieves outstanding results in the field of innovation.

According to her, the European Union hopes to take advantage of the 50th anniversary of the establishment of diplomatic relations to deepen a long-term, stable and mutually beneficial partnership with China.

She pointed out that the EU intends to strengthen cooperation with China in areas such as trade and investment, jointly promote the stability of industrial and supply chains, properly resolve differences and create a favorable environment for cooperation and business.

The EU has no intention of cutting ties with China and welcomes investment and activities by Chinese companies in Europe, the head of the European Commission added. –0–

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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MIL OSI Russia News –

July 25, 2025

MIL-OSI USA: Schatz, Murphy Introduce New Legislation To Improve Wages, Operations Transparency For Rideshare Drivers, Delivery App Workers

US Senate News:

Source: United States Senator for Hawaii Brian Schatz

WASHINGTON – U.S. Senators Brian Schatz (D-Hawai‘i) and Chris Murphy (D-Conn.) today introduced the Empowering App-Based Workers Act, new legislation to improve transparency on how app companies operate and help boost wages for rideshare drivers and delivery app workers.

“Every day rideshare drivers and delivery app workers work long hours and travel many miles to make a living, often without knowing how much money they’ll make. Our bill would shed some light on how apps determine work assignments and pay, ensuring workers are treated and paid fairly,” said Senator Schatz.

Millions of workers across multiple industries, report to work by turning on an app. These platforms collect data from both workers and consumers to shape working conditions, evaluate workers, and make work-related decisions, including decisions on how much to pay a worker, which workers get which assignments, and whether, when, or for how long a worker will be suspended or ‘deactivated.’ All this is done with systems that are not transparent to workers, consumers, or regulators, creating information imbalances that mask wage theft, discrimination, and price-gouging.

The Empowering App-Based Workers Act would create a level playing field for workers managed by digital labor platforms by:

Requiring disclosure of electronic monitoring and automated decision systems uses, including how they are used to determine pay and other work decisions;
Providing itemized receipts to workers and consumers after every work assignment;
Providing workers receive weekly pay statements with relevant information on their compensation;
Ensuring rideshare workers receive at least 75 percent of the amount paid by consumers; and
Stopping platforms from using interfaces that contain unfair or deceptive information on compensation.

“We applaud Senators Schatz and Murphy for listening to workers’ demands and introducing the Empowering App-Based Workers Act,” said Rebecca Dixon, President and CEO of NELP. “App-based workers have long sought better pay and greater accountability from corporations that use hidden algorithms to determine pay, work assignments, and discipline. This legislation is an important step forward in building a good-jobs economy where all workers have expansive rights and thrive in good jobs.”

“Senator Schatz’s bill is a great first step toward protecting app-based workers from hidden fees, undue surveillance, and algorithms that violate their civil rights. It also creates mechanisms to hold Big Tech accountable when their greed harms workers,” said Jody Calemine, AFL-CIO Director of Advocacy.

The bill is supported by the ACE Collaborative of New Virginia Majority, Action Center on Race and Economy, AFL-CIO, Athena, Center for Law and Social Policy, Color Of Change, Colorado Independent Drivers United, Connecticut Drivers United, Coworker, Data & Society, Drivers Union Washington/Teamsters Local 117, Economic Policy Institute, Fair Work Center, Groundwork Collaborative, Hawai‘i Workers Center, Los Deliveristas Unidos, Minnesota Uber/Lyft Drivers Association, Make the Road New Jersey, National Women’s Law Center, National Employment Law Project (NELP), New York Taxi Workers Alliance, New School Center for NYC Public Affairs, NLAN/GLOW, National Partnership for Women & Families, National Women’s Law Center Action Fund, Open Markets Institute, Portland Drivers United, Rideshare Drivers United, PowerSwith Action, Service Employees International Union (SEIU), Tech Equity Collaborative, Tennessee Drivers Union, The People’s Lobby, Towards Justice, United Food and Commercial Workers International Union, and Working Washington.

The text of the bill is available here.

MIL OSI USA News –

July 25, 2025

MIL-OSI: First Savings Financial Group, Inc. Reports Financial Results for the Third Fiscal Quarter Ended June 30, 2025

Source: GlobeNewswire (MIL-OSI)

JEFFERSONVILLE, Ind., July 24, 2025 (GLOBE NEWSWIRE) — First Savings Financial Group, Inc. (NASDAQ: FSFG – news) (the “Company”), the holding company for First Savings Bank (the “Bank”), today reported net income of $6.2 million, or $0.88 per diluted share, for the quarter ended June 30, 2025, compared to net income of $4.1 million, or $0.60 per diluted share, for the quarter ended June 30, 2024. Excluding nonrecurring items, the Company reported net income of $5.7 million (non-GAAP measure)⁽¹⁾ and net income per diluted share of $0.81 (non-GAAP measure)⁽¹⁾ for the quarter ended June 30, 2025 compared to $3.5 million, or $0.52 per diluted share for the quarter ended June 30, 2024.

Commenting on the Company’s performance, Larry W. Myers, President and CEO, stated “We are pleased with the third fiscal quarter performance, including the continued improvement in the net interest margin, which has increased 32 basis points from June of 2024 to June of 2025, solid growth in deposits, expense containment, and meaningful efficiency ratio improvement. The SBA Lending segment posted its second consecutive profitable quarter, which included a solid level of loans originations and sales. Additionally, the SBA Lending pipeline for the fourth fiscal quarter remains robust. We are optimistic regarding the remainder of fiscal 2025 as we anticipate further expansion of the net interest margin, continued profitability from the SBA Lending segment, additional sales of home equity lines of credit, and stable and strong asset quality. We will continue our focus on customer deposit growth, select loan growth opportunities, preservation of asset quality, and prudent capital and liquidity management. We will also continue to evaluate options and strategies that we believe will maximize shareholder value.”

(1) Non-GAAP net income and net income per diluted share exclude certain nonrecurring items. A reconciliation to GAAP and discussion of the use of non-GAAP measures is included in the table at the end of this release.

Results of Operations for the Three Months Ended June 30, 2025 and 2024

Net interest income increased $2.2 million, or 15.1%, to $16.7 million for the three months ended June 30, 2025 as compared to the same period in 2024. The tax equivalent net interest margin for the three months ended June 30, 2025 was 2.99% as compared to 2.67% for the same period in 2024. The increase in net interest income was due to an increase of $871,000 in interest income and a decrease of $1.3 million in interest expense. A table of average balance sheets, including average asset yields and average liability costs, is included at the end of this release.

The Company recognized a provision for credit losses for loans and unfunded lending commitments of $347,000 and $77,000, respectively, and a reversal of provision for credit losses on securities of $1,000 for the three months ended June 30, 2025, compared to a provision for credit losses for loans, unfunded lending commitments and securities of $501,000, $158,000 and $84,000, respectively, for the same period in 2024. The Company recognized $309,000 in net charge-offs recognized during the three months ended June 30, 2025, of which $216,000 was related to unguaranteed portions of SBA loans. During the three months ended June 30, 2024, the Company recognized net charge-offs of $105,000, of which $49,000 was related to unguaranteed portions of SBA loans. Nonperforming loans, which consist of nonaccrual loans and loans over 90 days past due and still accruing interest, decreased $1.7 million from $16.9 million at September 30, 2024 to $15.2 million at June 30, 2025.

Noninterest income increased $1.3 million for the three months ended June 30, 2025 as compared to the same period in 2024. The increase was due primarily to increases in other income and net gain on sales of SBA loans of $565,000 and $351,000, respectively, and net gain on sales of home equity lines of credit (“HELOC”) of $617,000, partially offset by a $404,000 decrease in net unrealized gains on equity securities. The increase in other income was primarily due to a $487,000 gain recognized in connection with a lease termination. The was no gain on sales of HELOC in the 2024 period as the sale of this product commenced in fiscal 2025.

Noninterest expense increased $1.3 million for the three months ended June 30, 2025 as compared to the same period in 2024. The increase was due primarily to an increase in compensation and benefits of $904,000, which was due to routine salary increases and increases in bonus and incentive accruals in 2025 related to stronger Company performance.

The Company recognized income tax expense of $963,000 for the three months ended June 30, 2025 compared to $483,000 for the same period in 2024. The increase is due primarily to higher taxable income in 2025 as compared to 2024. The effective tax rate for 2025 was 13.5% compared to 10.6% for 2024. The effective tax rate is well below the statutory tax rate primarily due to the recognition of investment tax credits related to solar projects in both the 2025 and 2024 periods.

Results of Operations for the Nine Months Ended June 30, 2025 and 2024

The Company reported net income of $17.9 million, or $2.57 per diluted share, for the nine months ended June 30, 2025 compared to net income of $9.9 million, or $1.45 per diluted share, for the nine months ended June 30, 2024. Excluding nonrecurring items, the Company reported net income of $15.1 million (non-GAAP measure)⁽¹⁾ and net income per diluted share of $2.16 (non-GAAP measure)⁽¹⁾ for the nine months ended June 30, 2025 compared to net income of $9.4 million and net income per diluted share of $1.37 for the nine months ended June 30, 2024. The core banking segment reported net income of $17.2 million, or $2.46 per diluted share for the nine months ended June 30, 2025 compared to net income of $13.3 million and net income per diluted share of $1.92 for the nine months ended June 30, 2024. Excluding nonrecurring items, the core banking segment reported net income of $14.4 million (non-GAAP measure)⁽¹⁾, or $2.05 per diluted share (non-GAAP measure)⁽¹⁾ for the nine months ended June 30, 2025 compared to net income of $12.9 million and net income per diluted share of $1.89 for the nine months ended June 30, 2024.

Net interest income increased $5.2 million, or 12.1%, to $48.2 million for the nine months ended June 30, 2025 as compared to the same period in 2024. The tax equivalent net interest margin for the nine months ended June 30, 2025 was 2.89% as compared to 2.67% for the same period in 2024. The increase in net interest income was due to a $5.5 million increase in interest income, partially offset by a $279,000 increase in interest expense. A table of average balance sheets, including average asset yields and average liability costs, is included at the end of this release.

The Company recognized a reversal of provision for credit losses for loans and securities of $501,000 and $8,000, respectively, and a provision for unfunded lending commitments of $246,000 for the nine months ended June 30, 2025, compared to a provision for credit losses for loans and securities of $1.7 million and $107,000, respectively, and reversal of provision for unfunded lending commitments of $159,000 for the same period in 2024. The reversal of provisions during the 2025 period was due primarily to the bulk sale of approximately $87.2 million of HELOC during the period and a decrease in qualitative reserves. The Company recognized net charge-offs totaling $271,000 for the nine months ended June 30, 2025, of which $52,000 was related to unguaranteed portions of SBA loans, compared to net charge-offs of $224,000 in 2024, of which $15,000 was related to unguaranteed portions of SBA loans.

Noninterest income increased $4.5 million for the nine months ended June 30, 2025 as compared to the same period in 2024. The increase was due primarily to a $3.1 million net gain on sales of HELOC, a $403,000 net gain on sales of equity securities in 2025, and the aforementioned $487,000 gain recognized in connection with a lease termination in the 2025 period with no corresponding gain amounts for the 2024 period.

Noninterest expense increased $2.1 million for the nine months ended June 30, 2025 as compared to the same period in 2024. The increase was due primarily to increases in compensation and benefits and other operating expenses of $1.4 million and $1.1 million, respectively, partially offset by a decrease in professional fees of $412,000. The increase in compensation and benefits is primarily due to routine salary increases and increases in bonus and incentive accruals in 2025 related to stronger Company performance. The increase in other operating expenses was due primarily to a $721,000 reversal of accrued loss contingencies for SBA-guaranteed loans in the 2024 period with no corresponding amount for the 2025 period and a $405,000 accrued contingent liability associated with employee benefits recognized in the 2025 period with no corresponding amount in the 2024 period. The decrease in professional fees is primarily due to the cessation of national mortgage banking operations in the quarter ended December 31, 2023.

The Company recognized income tax expense of $2.4 million for the nine months ended June 30, 2025 compared to $873,000 for the same period in 2024. The increase is due primarily to higher taxable income in the 2025 period. The effective tax rate for 2025 was 11.8% compared to 8.1%. The effective tax rate is well below the statutory tax rate primarily due to the recognition of investment tax credits related to solar projects in both the 2025 and 2024 periods.

Comparison of Financial Condition at June 30, 2025 and September 30, 2024

Total assets decreased $33.7 million, from $2.45 billion at September 30, 2024 to $2.42 billion at June 30, 2025. Net loans held for investment decreased $68.0 million during the nine months ended June 30, 2025, due primarily to $109.1 million of sales of HELOC during the nine months ended June 30, 2025, and residential mortgage loans held for sale increased $42.1 million during the same period.

Total liabilities decreased $40.4 million due primarily to a decrease in total deposits and other borrowings of $144.7 and $19.9 million, respectively, partially offset by an increase in FHLB borrowings of $133.3 million. The decrease in total deposits was due to a decrease in brokered deposits of $229.1 million, which was due primarily to proceeds from the aforementioned sales of HELOC and greater utilization of FHLB borrowings, partially offset by an increase in customer deposits of $84.4 million. The decrease in other borrowings is due to the redemption of $20.0 million of subordinated notes during the quarter ended June 30, 2023. As of June 30, 2025, deposits exceeding the FDIC insurance limit of $250,000 per insured account were 35.0% of total deposits and 14.3% of total deposits when excluding public funds insured by the Indiana Public Deposit Insurance Fund.

Total stockholders’ equity increased $6.7 million, from $177.1 million at September 30, 2024 to $183.8 million at June 30, 2025, due primarily to a $14.6 million increase in retained net income, partially offset by a $8.9 million increase in accumulated other comprehensive loss. The increase in accumulated other comprehensive loss was due primarily to increasing long-term market interest rates during the nine months ended June 30, 2025, which resulted in a decrease in the fair value of securities available for sale. At June 30, 2025 and September 30, 2024, the Bank was considered “well-capitalized” under applicable regulatory capital guidelines.

First Savings Bank is an entrepreneurial community bank headquartered in Jeffersonville, Indiana, which is directly across the Ohio River from Louisville, Kentucky, and operates fifteen depository branches within Southern Indiana. The Bank also has two national lending programs, including single-tenant net lease commercial real estate and SBA lending, with offices located predominately in the Midwest. The Bank is a recognized leader, both in its local communities and nationally for its lending programs. The employees of First Savings Bank strive daily to achieve the organization’s vision, We Expect To Be The BEST community BANK, which fuels our success. The Company’s common shares trade on The NASDAQ Stock Market under the symbol “FSFG.”

This release may contain forward-looking statements within the meaning of the federal securities laws. These statements are not historical facts; rather, they are statements based on the Company’s current expectations regarding its business strategies and their intended results and its future performance. Forward-looking statements are preceded by terms such as “expects,” “believes,” “anticipates,” “intends” and similar expressions.

Forward-looking statements are not guarantees of future performance. Numerous risks and uncertainties could cause or contribute to the Company’s actual results, performance and achievements to be materially different from those expressed or implied by the forward-looking statements. Factors that may cause or contribute to these differences include, without limitation, changes in general economic conditions; changes in market interest rates; changes in monetary and fiscal policies of the federal government; legislative and regulatory changes; and other factors disclosed in the Company’s periodic filings with the Securities and Exchange Commission.

Because of the risks and uncertainties inherent in forward-looking statements, readers are cautioned not to place undue reliance on them, whether included in this release or made elsewhere from time to time by the Company or on its behalf. Except as may be required by applicable law or regulation, the Company assumes no obligation to update any forward-looking statements.

Contact:
Tony A. Schoen, CPA
Chief Financial Officer
812-283-0724


FIRST SAVINGS FINANCIAL GROUP, INC.
CONSOLIDATED FINANCIAL HIGHLIGHTS
(Unaudited)


	Three Months Ended						Nine Months Ended
OPERATING DATA:	June 30,						June 30,
(In thousands, except share and per share data)		2025			2024			2025			2024

Total interest income	$	31,965		$	31,094		$	95,237		$	89,765
Total interest expense		15,240			16,560			47,059			46,780

Net interest income		16,725			14,534			48,178			42,985

Provision (credit) for credit losses – loans		347			501			(501	)		1,684
Provision (credit) for unfunded lending commitments		77			158			246			(159	)
Provision (credit) for credit losses – securities		(1	)		84			(8	)		107

Total provision (credit) for credit losses		423			743			(263	)		1,632

Net interest income after provision (credit) for credit losses		16,302			13,791			48,441			41,353

Total noninterest income		4,520			3,196			14,183			9,688
Total noninterest expense		13,693			12,431			42,334			40,248

Income before income taxes		7,129			4,556			20,290			10,793
Income tax expense		963			483			2,400			873

Net income	$	6,166		$	4,073		$	17,890		$	9,920

Net income per share, basic	$	0.90		$	0.60		$	2.60		$	1.45
Weighted average shares outstanding, basic		6,881,077			6,832,452			6,867,734			6,829,490

Net income per share, diluted	$	0.88		$	0.60		$	2.57		$	1.45
Weighted average shares outstanding, diluted		6,977,674			6,834,784			6,967,742			6,851,145


Performance ratios (annualized)
Return on average assets		1.02	%		0.69	%		0.99	%		0.57	%
Return on average equity		13.66	%		9.86	%		13.32	%		8.23	%
Return on average common stockholders’ equity		13.66	%		9.86	%		13.32	%		8.23	%
Net interest margin (tax equivalent basis)		2.99	%		2.67	%		2.89	%		2.67	%
Efficiency ratio		64.45	%		70.11	%		67.89	%		76.41	%


							QTD						FYTD
FINANCIAL CONDITION DATA:	June 30,			March 31,			Increase			September 30,			Increase
(In thousands, except per share data)		2025			2025		(Decrease)				2024		(Decrease)

Total assets	$	2,416,675		$	2,376,230		$	40,445		$	2,450,368		$	(33,693	)
Cash and cash equivalents		52,123			28,683			23,440			52,142			(19	)
Investment securities		244,284			244,084			200			249,719			(5,435	)
Loans held for sale		60,970			61,239			(269	)		25,716			35,254
Gross loans		1,916,343			1,900,660			15,683			1,985,146			(68,803	)
Allowance for credit losses		20,522			20,484			38			21,294			(772	)
Interest earning assets		2,260,099			2,219,504			40,595			2,277,512			(17,413	)
Goodwill		9,848			9,848			–			9,848			–
Core deposit intangibles		275			316			(41	)		398			(123	)
Noninterest-bearing deposits		202,649			185,252			17,397			191,528			11,121
Interest-bearing deposits (customer)		1,253,525			1,207,159			46,366			1,180,196			73,329
Interest-bearing deposits (brokered)		280,020			396,770			(116,750	)		509,157			(229,137	)
Federal Home Loan Bank borrowings		434,924			325,310			109,614			301,640			133,284
Subordinated debt and other borrowings		28,722			48,682			(19,960	)		48,603			(19,881	)
Total liabilities		2,232,853			2,197,041			35,812			2,273,253			(40,400	)
Accumulated other comprehensive loss		(20,061	)		(19,385	)		(676	)		(11,195	)		(8,866	)
Total stockholders’ equity		183,822			179,189			4,633			177,115			6,707

Book value per share	$	26.35		$	25.90			0.45		$	25.72			0.63
Tangible book value per share (non-GAAP) (1)		24.90			24.43			0.47			24.23			0.67

Non-performing assets:
Nonaccrual loans – SBA guaranteed	$	2,713		$	123		$	2,590		$	5,036		$	(2,323	)
Nonaccrual loans		12,502			12,597			(95	)		11,906			596
Total nonaccrual loans	$	15,215		$	12,720		$	2,495		$	16,942		$	(1,727	)
Accruing loans past due 90 days		–			–			–			–			–
Total non-performing loans		15,215			12,720			2,495			16,942			(1,727	)
Foreclosed real estate		1,113			444			669			444			669
Total non-performing assets	$	16,328		$	13,164		$	3,164		$	17,386		$	(1,058	)

Asset quality ratios:
Allowance for credit losses as a percent of total gross loans		1.07	%		1.08	%		(0.01	%)		1.07	%		(0.00	%)
Allowance for credit losses as a percent of nonperforming loans		134.88	%		161.04	%		(26.16	%)		125.69	%		9.19	%
Nonperforming loans as a percent of total gross loans		0.79	%		0.67	%		0.12	%		0.85	%		(0.06	%)
Nonperforming assets as a percent of total assets		0.68	%		0.55	%		0.13	%		0.71	%		(0.03	%)

(1) See reconciliation of GAAP and non-GAAP financial measures for additional information relating to calculation of this item.


RECONCILIATION OF GAAP AND NON-GAAP FINANCIAL MEASURES (UNAUDITED):
The following non-GAAP financial measures used by the Company provide information useful to investors in understanding the Company’s performance. The Company believes the financial measures presented below are important because of their widespread use by investors as a means to evaluate capital adequacy and earnings. The following table summarizes the non-GAAP financial measures derived from amounts reported in the Company’s consolidated financial statements and reconciles those non-GAAP financial measures with the comparable GAAP financial measures.

	Three Months Ended						Fiscal Year Ended
Net Income	June 30,						June 30,
(In thousands)		2025			2024			2025			2024

Net income attributable to the Company (non-GAAP)	$	5,691		$	3,534		$	15,057		$	9,381
Plus: Gain on bulk sale of loans, home equity lines of credit, net of tax effect		–			–			1,869			–
Plus: Gain on life insurance, net of tax effect		110			–			110			–
Plus: Gain on lease termination, net of tax effect		365			–			365			–
Plus: Gain on sale of equity securities, net of tax effect		–			–			302			–
Plus: Decrease in loss contingency for SBA-guaranteed loans, net of tax effect		–			212			–			212
Plus: Gain on sale of premises and equipment, net of tax effect		–			–			186			–
Plus: Recording of Visa Class C shares, net of tax		–			327			–			327
Net income attributable to the Company (GAAP)	$	6,166		$	4,073		$	17,890		$	9,920

Net Income per Share, Diluted

Net income per share attributable to the Company, diluted (non-GAAP)	$	0.81		$	0.52		$	2.16		$	1.37
Plus: Gain on bulk sale of loans, home equity lines of credit, net of tax effect		–			–			0.27			–
Plus: Gain on life insurance, net of tax effect		0.02			–			0.02			–
Plus: Gain on lease termination, net of tax effect		0.05			–			0.05			–
Plus: Gain on sale of equity securities, net of tax effect		–			–			0.04			–
Plus: Decrease in loss contingency for SBA-guaranteed loans, net of tax effect		–			0.03			–			0.03
Plus: Gain on sale of premises and equipment, net of tax effect		–			–			0.03			–
Plus: Recording of Visa Class C shares, net of tax		–			0.05			–			0.05
Net income per share, diluted (GAAP)	$	0.88		$	0.60		$	2.57		$	1.45

Core Bank Segment Net Income
(In thousands)

Net income attributable to the Core Bank (non-GAAP)	$	5,299		$	4,176		$	14,379		$	12,947
Plus: Gain on bulk sale of loans, home equity lines of credit, net of tax effect		–			–			1,869			–
Plus: Gain on life insurance, net of tax effect		110			–			110			–
Plus: Gain on lease termination, net of tax effect		365			–			365			–
Plus: Gain on sale of equity securities, net of tax effect		–			–			302			–
Plus: Gain on sale of premises and equipment, net of tax effect		–			–			186			–
Plus: Recording of Visa Class C shares, net of tax		–			327			–			327
Net income attributable to the Core Bank (GAAP)	$	5,774		$	4,503		$	17,212		$	13,274

Core Bank Segment Net Income per Share, Diluted

Core Bank net income per share, diluted (non-GAAP)	$	0.75		$	0.64		$	2.05		$	1.89
Plus: Gain on bulk sale of loans, home equity lines of credit, net of tax effect		–			–			0.27			–
Plus: Gain on life insurance, net of tax effect		0.02			–			0.02			–
Plus: Gain on lease termination, net of tax effect		0.05			–			0.05			–
Plus: Gain on sale of equity securities, net of tax effect		–			–			0.04			–
Plus: Gain on sale of premises and equipment, net of tax effect		–			–			–			0.03
Plus: Recording of Visa Class C shares, net of tax		–			0.05			0.03			–
Core Bank net income per share, diluted (GAAP)	$	0.82		$	0.69		$	2.46		$	1.92


RECONCILIATION OF GAAP AND NON-GAAP FINANCIAL MEASURES (UNAUDITED) (CONTINUED):	Three Months Ended						Fiscal Year Ended
Efficiency Ratio	June 30,						June 30,
(In thousands)		2025			2024			2025			2024

Net interest income (GAAP)	$	16,725		$	14,534		$	48,178		$	42,985

Noninterest income (GAAP)		4,520			3,196			14,183			9,688

Noninterest expense (GAAP)		13,693			12,431			42,334			40,248

Efficiency ratio (GAAP)		64.45	%		70.11	%		67.89	%		76.41	%

Noninterest income (GAAP)	$	4,520		$	3,196		$	14,183		$	9,688
Less: Gain on bulk sale of loans, home equity lines of credit		–			–			(2,492	)		–
Less: Gain on life insurance		(147	)		–			(147	)		–
Less: Gain on lease termination		(487	)		–			(487	)		–
Less: Gain on sale of equity securities		–			–			(403	)		–
Less: Gain on sale of premises and equipment		–			–			(140	)		–
Less: Recording of Visa Class C shares		–			(245	)		–			(245	)
Noninterest income (Non-GAAP)		3,886			2,951			10,515			9,443

Noninterest expense (GAAP)	$	13,693		$	12,431		$	42,334		$	40,248
Plus: Decrease in loss contingency for SBA-guaranteed loans		–			283			–			283
Noninterest expense (Non-GAAP)	$	13,693		$	12,714		$	42,334		$	40,531

Efficiency ratio (excluding nonrecurring items) (non-GAAP)		66.44	%		72.71	%		72.13	%		77.31	%

							QTD						FYTD
Tangible Book Value Per Share	June 30,			March 31,			Increase			September 30,			Increase
(In thousands, except share and per share data)		2025			2025		(Decrease)				2024		(Decrease)

Stockholders’ equity (GAAP)	$	183,822		$	179,189		$	4,633		$	177,115		$	6,707
Less: goodwill and core deposit intangibles		(10,123	)		(10,164	)		41			(10,246	)		123
Tangible stockholders’ equity (non-GAAP)	$	173,699		$	169,025		$	4,674		$	166,869		$	6,830

Outstanding common shares		6,976,558			6,919,136		$	57,422			6,887,106		$	89,452

Tangible book value per share (non-GAAP)	$	24.90		$	24.43		$	0.47		$	24.23		$	0.67

Book value per share (GAAP)	$	26.35		$	25.90		$	0.45		$	25.72		$	0.63



SUMMARIZED FINANCIAL INFORMATION (UNAUDITED):	As of
Summarized Consolidated Balance Sheets	June 30,			March 31,			December 31,			September 30,			June 30,
(In thousands, except per share data)		2025			2025			2024			2024			2024

Total cash and cash equivalents	$	52,123		$	28,683		$	76,224		$	52,142		$	42,423
Total investment securities		244,284			244,084			242,634			249,719			238,785
Total loans held for sale		60,970			61,239			24,441			25,716			125,859
Total loans, net of allowance for credit losses		1,895,821			1,880,176			1,884,514			1,963,852			1,826,980
Loan servicing rights		2,869			2,744			2,661			2,754			2,860
Total assets		2,416,675			2,376,230			2,388,735			2,450,368			2,393,491

Customer deposits	$	1,456,174		$	1,392,411		$	1,395,766		$	1,371,724		$	1,312,997
Brokered deposits		280,020			396,770			437,008			509,157			399,151
Total deposits		1,736,194			1,789,181			1,832,774			1,880,881			1,712,148
Federal Home Loan Bank borrowings		434,924			325,310			295,000			301,640			425,000

Common stock and additional paid-in capital	$	30,090		$	28,650		$	28,382		$	27,725		$	27,592
Retained earnings – substantially restricted		187,969			182,918			178,526			173,337			170,688
Accumulated other comprehensive loss		(20,061	)		(19,385	)		(17,789	)		(11,195	)		(17,415	)
Unearned stock compensation		(2,005	)		(862	)		(973	)		(901	)		(999	)
Less treasury stock, at cost		(12,171	)		(12,132	)		(12,119	)		(11,851	)		(11,866	)
Total stockholders’ equity		183,822			179,189			176,027			177,115			168,000

Outstanding common shares		6,976,558			6,919,136			6,909,173			6,887,106			6,883,656


	Three Months Ended
Summarized Consolidated Statements of Income	June 30,			March 31,			December 31,			September 30,			June 30,
(In thousands, except per share data)		2025			2025			2024			2024			2024

Total interest income	$	31,965		$	30,823		$	32,449		$	32,223		$	31,094
Total interest expense		15,240			14,832			16,987			17,146			16,560
Net interest income		16,725			15,991			15,462			15,077			14,534
Provision (credit) for credit losses – loans		347			(357	)		(491	)		1,808			501
Provision (credit) for unfunded lending commitments		77			123			46			(262	)		158
Provision (credit) for credit losses – securities		(1	)		(1	)		(6	)		(86	)		84
Total provision (credit) for credit losses		423			(235	)		(451	)		1,460			743

Net interest income after provision for credit losses		16,302			16,226			15,913			13,617			13,791

Total noninterest income		4,520			3,560			6,103			2,842			3,196
Total noninterest expense		13,693			13,698			14,943			12,642			12,431
Income before income taxes		7,129			6,088			7,073			3,817			4,556
Income tax expense (benefit)		963			589			848			145			483
Net income		6,166			5,499			6,225			3,672			4,073


Net income per share, basic	$	0.90		$	0.80		$	0.91		$	0.54		$	0.60
Weighted average shares outstanding, basic		6,881,077			6,875,826			6,851,153			6,832,626			6,832,452

Net income per share, diluted	$	0.88		$	0.79		$	0.89		$	0.53		$	0.60
Weighted average shares outstanding, diluted		6,977,674			6,960,020			6,969,223			6,894,532			6,842,336


SUMMARIZED FINANCIAL INFORMATION (UNAUDITED) (CONTINUED):	Three Months Ended
Noninterest Income Detail	June 30,			March 31,			December 31,			September 30,			June 30,
(In thousands)		2025			2025			2024			2024			2024

Service charges on deposit accounts	$	537		$	541		$	567		$	552		$	538
ATM and interchange fees		648			632			665			642			593
Net unrealized gain on equity securities		15			47			78			28			419
Net gain on equity securities		–			–			403			–			–
Net gain on sales of loans, Small Business Administration		932			1,078			711			647			581
Net gain on sales of loans, home equity lines of credit		617			–			2,492			–			–
Mortgage banking income		96			104			78			6			49
Increase in cash surrender value of life insurance		358			380			361			363			353
Gain on life insurance		147			–			108			–			–
Commission income		184			255			210			294			220
Real estate lease income		132			122			121			122			154
Net gain (loss) on premises and equipment		–			–			45			(4	)		–
Other income		854			401			264			192			289
Total noninterest income	$	4,520		$	3,560		$	6,103		$	2,842		$	3,196


	Three Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
Consolidated Performance Ratios (Annualized)		2025			2025			2024			2024			2024

Return on average assets		1.02	%		0.93	%		1.02	%		0.61	%		0.69	%
Return on average equity		13.66	%		12.24	%		14.07	%		8.52	%		9.86	%
Return on average common stockholders’ equity		13.66	%		12.34	%		14.07	%		8.52	%		9.86	%
Net interest margin (tax equivalent basis)		2.99	%		2.93	%		2.75	%		2.72	%		2.67	%
Efficiency ratio		64.45	%		70.06	%		69.29	%		70.55	%		70.11	%


	As of or for the Three Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
Consolidated Asset Quality Ratios		2025			2025			2024			2024			2024

Nonperforming loans as a percentage of total loans		0.79	%		0.67	%		0.87	%		0.85	%		0.91	%
Nonperforming assets as a percentage of total assets		0.68	%		0.55	%		0.71	%		0.71	%		0.72	%
Allowance for credit losses as a percentage of total loans		1.07	%		1.08	%		1.09	%		1.07	%		1.07	%
Allowance for credit losses as a percentage of nonperforming loans		134.88	%		161.04	%		124.85	%		125.69	%		118.12	%
Net charge-offs to average outstanding loans		0.02	%		-0.01	%		0.01	%		0.02	%		0.01	%


SUMMARIZED FINANCIAL INFORMATION (UNAUDITED) (CONTINUED):	Three Months Ended
Segmented Statements of Income Information	June 30,			March 31,			December 31,			September 30,			June 30,
(In thousands)		2025			2025			2024			2024			2024

Core Banking Segment:
Net interest income	$	15,086		$	14,259		$	13,756		$	14,083		$	13,590
Provision (credit) for credit losses – loans		420			(540	)		(745	)		1,339			320
Provision (credit) for unfunded lending commitments		32			35			(75	)		78			64
Provision (credit) for credit losses – securities		(1	)		(1	)		(7	)		(86	)		84
Total provision (credit) for credit losses		451			(506	)		(827	)		1,331			468
Net interest income after provision (credit) for credit losses		14,635			14,765			14,583			12,752			13,122
Noninterest income		3,340			2,242			5,253			2,042			2,474
Noninterest expense		11,366			11,486			12,574			10,400			10,192
Income before income taxes		6,609			5,521			7,262			4,394			5,404
Income tax expense		835			452			893			301			689
Net income	$	5,774		$	5,069		$	6,369		$	4,093		$	4,715

SBA Lending Segment (Q2):
Net interest income	$	1,639		$	1,732		$	1,706		$	994		$	944
Provision (credit) for credit losses – loans		(73	)		183			255			469			181
Provision (credit) for unfunded lending commitments		45			88			121			(340	)		94
Total provision (credit) for credit losses		(28	)		271			376			129			275
Net interest income after provision for credit losses		1,667			1,461			1,330			865			669
Noninterest income		1,180			1,318			850			800			722
Noninterest expense		2,327			2,212			2,369			2,242			2,239
Income (loss) before income taxes		520			567			(189	)		(577	)		(848	)
Income tax expense (benefit)		128			137			(45	)		(156	)		(206	)
Net income (loss)	$	392		$	430		$	(144	)	$	(421	)	$	(642	)


SUMMARIZED FINANCIAL INFORMATION (UNAUDITED) (CONTINUED):	Three Months Ended
Segmented Statements of Income Information	June 30,			March 31,			December 31,			September 30,			June 30,
(In thousands, except percentage data)		2025			2025			2024			2024			2024

Net Income (Loss) Per Share by Segment
Net income per share, basic – Core Banking	$	0.84		$	0.74		$	0.93		$	0.60		$	0.69
Net income (loss) per share, basic – SBA Lending (Q2)		0.06			0.06			(0.02	)		(0.06	)		(0.09	)
Total net income (loss) per share, basic	$	0.90		$	0.80		$	0.91		$	0.54		$	0.60

Net Income (Loss) Per Diluted Share by Segment
Net income per share, diluted – Core Banking	$	0.82		$	0.73		$	0.91		$	0.59		$	0.69
Net income (loss) per share, diluted – SBA Lending (Q2)		0.06			0.06			(0.02	)		(0.06	)		(0.09	)
Total net income per share, diluted	$	0.88		$	0.79		$	0.89		$	0.53		$	0.60

Return on Average Assets by Segment (annualized) (3)
Core Banking		1.01	%		0.90	%		1.09	%		0.71	%		0.83	%
SBA Lending		1.36	%		1.58	%		(0.55	%)		(1.71	%)		(2.91	%)

Efficiency Ratio by Segment (annualized) (3)
Core Banking		61.68	%		69.61	%		66.15	%		64.50	%		63.45	%
SBA Lending		82.55	%		72.52	%		92.68	%		124.97	%		134.39	%


	Three Months Ended
Noninterest Expense Detail by Segment	June 30,			March 31,			December 31,			September 30,			June 30,
(In thousands)		2025			2025			2024			2024			2024

Core Banking Segment:
Compensation	$	6,470		$	6,637		$	7,245		$	5,400		$	5,587
Occupancy		1,533			1,648			1,577			1,554			1,573
Advertising		437			429			338			399			253
Other		2,926			2,772			3,414			3,047			2,779
Total Noninterest Expense	$	11,366		$	11,486		$	12,574		$	10,400		$	10,192

SBA Lending Segment (Q2):
Compensation	$	1,914		$	1,892		$	1,931		$	1,854		$	1,893
Occupancy		92			50			59			55			51
Advertising		17			10			14			17			12
Other		304			260			365			316			283
Total Noninterest Expense	$	2,327		$	2,212		$	2,369		$	2,242		$	2,239


SUMMARIZED FINANCIAL INFORMATION (UNAUDITED) (CONTINUED):	Three Months Ended
SBA Lending (Q2) Data	June 30,			March 31,			December 31,			September 30,			June 30,
(In thousands, except percentage data)		2025			2025			2024			2024			2024

Final funded loans guaranteed portion sold, SBA	$	18,019		$	15,716		$	10,785		$	10,880		$	7,515

Gross gain on sales of loans, SBA	$	1,548		$	1,508		$	1,141		$	1,029		$	811
Weighted average gross gain on sales of loans, SBA		8.59	%		9.60	%		10.58	%		9.46	%		10.79	%

Net gain on sales of loans, SBA (2)	$	932		$	1,078		$	711		$	647		$	581
Weighted average net gain on sales of loans, SBA		5.17	%		6.86	%		6.59	%		5.95	%		7.73	%


(2) Inclusive of gains on servicing assets and net of commissions, referral fees, SBA repair fees and discounts on unguaranteed portions held-for-investment.


SUMMARIZED FINANCIAL INFORMATION (UNAUDITED) (CONTINUED):	Three Months Ended
Summarized Consolidated Average Balance Sheets	June 30,			March 31,			December 31,			September 30,			June 30,
(In thousands)		2025			2025			2024			2024			2024
Interest-earning assets
Average balances:
Interest-bearing deposits with banks	$	15,889		$	11,851		$	21,102		$	16,841		$	26,100
Loans		1,992,567			1,946,338			2,010,082			1,988,997			1,943,716
Investment securities – taxable		104,169			102,744			101,960			99,834			101,350
Investment securities – nontaxable		162,017			161,579			160,929			158,917			157,991
FRB and FHLB stock		24,993			24,986			24,986			24,986			24,986
Total interest-earning assets	$	2,299,635		$	2,247,498		$	2,319,059		$	2,289,575		$	2,254,143

Interest income (tax equivalent basis):
Interest-bearing deposits with banks	$	145		$	168		$	210		$	209		$	324
Loans		29,214			27,998			29,617			29,450			28,155
Investment securities – taxable		947			921			914			910			918
Investment securities – nontaxable		1,733			1,719			1,715			1,685			1,665
FRB and FHLB stock		416			511			493			471			519
Total interest income (tax equivalent basis)	$	32,455		$	31,317		$	32,949		$	32,725		$	31,581

Weighted average yield (tax equivalent basis, annualized):
Interest-bearing deposits with banks		3.65	%		5.67	%		3.98	%		4.96	%		4.97	%
Loans		5.86	%		5.75	%		5.89	%		5.92	%		5.79	%
Investment securities – taxable		3.64	%		3.59	%		3.59	%		3.65	%		3.62	%
Investment securities – nontaxable		4.28	%		4.26	%		4.26	%		4.24	%		4.22	%
FRB and FHLB stock		6.66	%		8.18	%		7.89	%		7.54	%		8.31	%
Total interest-earning assets		5.65	%		5.57	%		5.68	%		5.72	%		5.60	%

Interest-bearing liabilities
Interest-bearing deposits	$	1,537,248		$	1,653,058		$	1,671,156		$	1,563,258		$	1,572,871
Federal Home Loan Bank borrowings		437,371			266,975			315,583			378,956			351,227
Subordinated debt and other borrowings		35,070			48,656			48,616			48,576			48,537
Total interest-bearing liabilities	$	2,009,689		$	1,968,689		$	2,035,355		$	1,990,790		$	1,972,635

Interest expense:
Interest-bearing deposits	$	10,601		$	12,069		$	13,606		$	12,825		$	12,740
Federal Home Loan Bank borrowings		4,149			2,001			2,617			3,521			3,021
Subordinated debt and other borrowings		489			762			764			800			799
Total interest expense	$	15,239		$	14,832		$	16,987		$	17,146		$	16,560

Weighted average cost (annualized):
Interest-bearing deposits		2.76	%		2.92	%		3.26	%		3.28	%		3.24	%
Federal Home Loan Bank borrowings		3.79	%		3.00	%		3.32	%		3.72	%		3.44	%
Subordinated debt and other borrowings		5.58	%		6.26	%		6.29	%		6.59	%		6.58	%
Total interest-bearing liabilities		3.03	%		3.01	%		3.34	%		3.45	%		3.36	%

Net interest income (taxable equivalent basis)	$	17,216		$	16,485		$	15,962		$	15,579		$	15,021
Less: taxable equivalent adjustment		(491	)		(494	)		(500	)		(502	)		(487	)
Net interest income	$	16,725		$	15,991		$	15,462		$	15,077		$	14,534

Interest rate spread (tax equivalent basis, annualized)		2.62	%		2.56	%		2.34	%		2.27	%		2.24	%

Net interest margin (tax equivalent basis, annualized)		2.99	%		2.93	%		2.75	%		2.72	%		2.67	%

The MIL Network –

July 25, 2025

MIL-OSI China: China, EU should expand trade, investment ties to cope with external uncertainties: Chinese premier

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

China, EU should expand trade, investment ties to cope with external uncertainties: Chinese premier

Chinese Premier Li Qiang and President of the European Commission Ursula von der Leyen attend the China-EU Business Leaders Symposium at the Great Hall of the People in Beijing, capital of China, July 24, 2025. [Photo/Xinhua]

BEIJING, July 24 — Chinese Premier Li Qiang on Thursday called on China and the European Union (EU) to expand trade and investment ties to enhance their economic resilience and vitality, and to increase their ability to negotiate external uncertainties.

Li made the remarks at the China-EU Business Leaders Symposium, which was also attended by President of the European Commission Ursula von der Leyen, at the Great Hall of the People in Beijing.

Speaking to some 60 business leaders, Li said that cooperation is the only correct choice for China and the EU, and that bilateral trade ties have demonstrated strong internal dynamism over the five decades since the establishment of these diplomatic relations.

In the face of rising protectionism and unilateralism, China and the EU can play pivotal roles in economic globalization, and in the stability of international industrial and supply chains, by working together to uphold free trade and multilateralism, and through closer economic and trade cooperation, he said.

He proposed that both sides focus on areas such as trade in services, sci-tech innovation, the green economy and third-party cooperation, and that they foster a good competitive and cooperative relationship.

He encouraged enterprises from both sides to hold an open attitude, align their needs and deepen cooperation in the fields of industrial investment, market expansion, and joint research and development.

Li noted that China will continue expanding its high-level opening-up, shorten its negative list for foreign investment, strengthen intellectual property protection and safeguard fair competition.

“We welcome more European businesses to invest and pursue long-term operations in China,” he said, also calling on the EU to provide a fair, equitable and non-discriminatory environment for Chinese enterprises investing in Europe.

Von der Leyen said that China is not only an industrial powerhouse but also a top performer in innovation.

The EU stands ready to use the 50th anniversary of diplomatic relations as an opportunity to deepen its long-term, stable and mutually beneficial partnership with China, she said.

She noted that the EU will enhance cooperation with China in such fields as trade and investment, work with China to promote industrial and supply chain stability, manage differences in a proper manner, and foster a favorable environment for cooperation and business.

The EU has no intention to decouple from China and welcomes Chinese enterprises to invest in Europe, she added.

MIL OSI China News –

July 25, 2025

MIL-OSI New Zealand: Politics – What the heck Winston? Greenpeace queries NZ First support for Seymour’s Overseas Investment Bill

Source: Greenpeace

Greenpeace is asking NZ First leader Winston Peters what the heck his party is doing supporting an amendment Bill which could lead to greater corporate control of Aotearoa.

NZ First has supported ACT leader David Seymour’s amendment Bill to the Overseas Investment Act, through its first reading. Submissions on the Bill closed this week.

Greenpeace spokesperson Gen Toop says: “ACT is trying to change the Overseas Investment law to make it easier for multinational corporations to buy up and exploit conservation land, lakebeds, coastal zones, wāhi tapu sites and other sensitive land across Aotearoa.”

“Shockingly, ACT is even trying to remove the mandatory requirement that the Government check whether a corporation has been involved in serious criminal activity before giving them access to New Zealand’s sensitive land and natural resources.”

The Act currently mandates that the Government apply the Benefit to New Zealand test and Investor Test before giving consent to the sale of land that is classified as “sensitive” and allows them to decline consent if either of these tests are failed.

Sensitive land is outlined in the Act and includes conservation areas, lake beds, marine and coastal zones, offshore islands, wāhi tapu and other culturally significant sites, as well as land adjoining these areas.

The Bill proposes that instead of applying a public benefit and investor test, the Government applies a narrower “national interest” test which Greenpeace says completely fails to guarantee any meaningful consideration of environmental, cultural, or public interest values.

“NZ First currently supports a Bill that would make it easier for multinational corporations to loot and destroy Aotearoa and funnel the profits to offshore shareholders leaving New Zealanders to deal with the mess – polluted rivers, drained aquifers and degraded ecosystems,” Toop says.

The Bill also scraps the requirement that water quality and sustainability be assessed before allowing overseas interests to extract, bottle and sell New Zealand’s freshwater.

“NZ First claims to put New Zealand first. But this ACT party Bill firmly puts offshore corporations first and New Zealanders last. Winston Peters should withdraw his party’s support for the Bill before it’s too late.”

MIL OSI New Zealand News –

July 25, 2025

MIL-OSI: Remittix Announces Wallet Beta Launch As Interest From XRP and ADA Communities Grows

Source: GlobeNewswire (MIL-OSI)

KOSICE, Slovakia, July 24, 2025 (GLOBE NEWSWIRE) — With hype building across the crypto community, Remittix, the low-fee crypto disrupting traditional remittance infrastructures, has announced the beta launch date of its new multi-chain crypto wallet, to cater to Ethereum, Solana, and more.

This comes on the heels of overwhelming interest from both the XRP and Cardano (ADA) communities, both of which are known for their passion for utility-led blockchain projects.

With over $17 million raised in its presale and 563 million tokens sold, Remittix continues to drive the attention of savvy investors, DeFi enthusiasts, and blockchain developers looking for the subsequent high-income crypto with real-world utility.

Wallet Beta Release – Q3 2025

Remittix Wallet is envisioned for the next-generation global crypto user, especially in the emerging markets where high remittance fees and slow transactions are a constant frustration. Beta testers will get to experience:

Secure transfers and storage on Ethereum and Solana
Forward-looking architecture for XRP and Cardano integration
Early exposure to Remittix staking and passive yield features
An opportunity to win a share of the $250,000 Remittix Giveaway
A 50% token reward for current presale participants

This wallet will be the foundation of Remittix’s bigger picture: making it possible for users to make lightning-fast, low-cost crypto payments across borders, without banks or middlemen.

XRP and ADA Users Fuel Remittix Momentum

Remittix quotes a sharp rise in waitlist signups and presale purchases from users across XRP and ADA Telegram and Reddit communities. Why? A good, chain-agnostic wallet that provides the value that most networks promise but few deliver—availability, affordability, and actual utility.

Our infrastructure is talking the same language as XRP and Cardano users—technology that performs, not hype that expires. This beta wallet is for them, said a Remittix product lead.

Real-World Utility: The Crypto-to-Fiat Vision Behind Remittix

While the Remittix Wallet beta will focus on multi-chain crypto transactions and staking, the broader mission is much bigger: creating a bridge between crypto and real-world fiat use. In future updates, Remittix plans to add local off-ramp solutions, allowing users to easily cash out stablecoins for local currency.

That is, not just holding crypto—but spending it.

The future vision involves:

Crypto-to-fiat payout rails for underbanked users
Support for mobile money platforms and local payment agents
Faster settlements than traditional banks
Borderless, bankless payments with real value in daily life

It’s a future where users in Africa, Southeast Asia, and Latin America can receive USDT or ETH—and instantly convert it to local currency, skipping high fees and slow processes.

Presale Momentum Builds

Remittix’s ongoing presale hasn’t only surpassed the $17 million mark but is accelerating as word gets out through crypto staking forums and altcoin investor groups. As it offers low gas fee support, DeFi hardware, and multi-chain support, the token is picking up speed as one of 2025’s hottest new crypto launches.

Investors can join the presale and receive their bonus tokens using the official Remittix website. The Q3 2025 introduction of beta wallets will mark the beginning, and the support for additional blockchains such as Cardano and XRP is in planning.

About Remittix

Remittix is a DeFi protocol working towards simplifying cross-border payments using low-gas-cost crypto networks. It is built to scale on Ethereum, Solana, Cardano, and more, and its functionalities include staking, simple transfers, and a multi-chain wallet, designed for the billions of underbanked and unbanked users around the world.

For media inquiries:
Visit Remittix Whitepaper & Presale Info
Follow Remittix on X for official updates

Contact:
Andy Černý
andy@remittix.io

Disclaimer: This content is provided by Remittix. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

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Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a4985626-8264-4a9f-b209-b5730f1c9673

https://www.globenewswire.com/NewsRoom/AttachmentNg/26741d00-d2cb-4fbb-a4c6-7fc60ccc90d2

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The MIL Network –

July 25, 2025

MIL-OSI: UPDATE–Brag House Announces $15 Million Private Placement

Source: GlobeNewswire (MIL-OSI)

NEW YORK, July 24, 2025 (GLOBE NEWSWIRE) — Brag House Holdings, Inc. (NASDAQ: TBH) (“Brag House” or the “Company”) the Gen Z engagement platform operating at the intersection of gaming, college sports, and digital media, announces today that it has entered into a securities purchase agreement with twelve accredited investors (not one as previously reported) for a private investment in public equity (“PIPE”) financing that is expected to result in gross proceeds to the Company of approximately $15 million, before deducting placement agent fees and offering expenses.

The Company intends to use the net proceeds from the offering for general corporate purposes, including working capital.

Pursuant to the terms of the securities purchase agreement, the Company is selling an aggregate of 15,000 shares of its Series B Convertible Preferred Stock convertible into 15,923,567 shares of common stock, at a conversion price of $0.942 per share of Series B Convertible Stock and an aggregate of 15,923,567 warrants to acquire up to 15,923,567 shares of common stock. The purchase price for one unit (consisting of one share of Series B Convertible Preferred Stock convertible into approximately 1,061 shares and the same number of warrants) was $1,000. The warrants issued in the offering are exercisable immediately upon issuance at an exercise price of $0.817 per share and will expire five years from the date of issuance.

Revere Securities LLC acted as the sole placement agent for the PIPE financing.

The securities being offered and sold by the Company in the private placement have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or state securities laws and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission (the “SEC”) or an applicable exemption from such registration requirements. The securities were offered only to accredited investors. The Company has agreed to file one or more registration statements with the SEC covering the resale of the unregistered shares issuable upon the conversion of the Series B Preferred Stock and the shares issuable upon exercise of the unregistered warrants.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Brag House Holdings, Inc.

Brag House is a leading media technology platform dedicated to transforming casual college gaming into a vibrant, community-driven experience. By merging gaming, social interaction, and collegiate culture, Brag House enables brands to authentically connect with the influential Gen Z demographic through gamified experiences, live-streaming content, and scalable data insights. For more information, visit www.braghouse.com.

Caution Regarding Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. These statements are subject to uncertainties and risks including, but not limited to, the risk factors discussed in the Risk Factors and in Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of our Forms 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law.

Investor Relations Contact
Adele Carey
VP, Investor Relations
ir@thebraghouse.com

Media Contact
Fatema Bhabrawala
Director of Media Relations
fbhabrawala@allianceadvisors.com

The MIL Network –

July 25, 2025

MIL-OSI United Kingdom: Development Minister sets out new UK approach to development at G20 meeting in South Africa

Source: United Kingdom – Executive Government & Departments

Press release

Development Minister sets out new UK approach to development at G20 meeting in South Africa

The UK is resetting its relationship with countries in the Global South and helping countries exit the need for aid, as Baroness Chapman attends the G20 Development Ministerial Meeting in South Africa.

Development Minister Baroness Chapman will reset the UK’s approach to international development at the G20 Development Meeting in South Africa today (Friday, 25 July).
Economic development underpins the UK’s new approach, as the Minister visits a South African food producer supported by the FCDO’s development arm BII.
The UK is supporting countries to transition from traditional aid to innovative financing for development, as the Minister visits a centre for survivors of gender-based violence funded by both the UK and the private sector.

The UK is resetting its relationship with countries in the Global South and helping countries exit the need for aid, as Baroness Chapman attends the G20 Development Ministerial Meeting in South Africa today (Friday 25 July 2025).

This follows the publication of ODA allocations earlier this week (Tuesday 22 July 2025), which indicate how the UK is going to spend its aid budget for the next year.

The UK will move from being a donor to a genuine partner and investor, ensuring every pound spent on aid delivers for the UK taxpayer and the people we support.

Economic development underpins the UK’s new approach, to help countries grow fairer, more resilient economies and ultimately exit the need for aid, in support of the government’s Plan for Change.

The Minister saw this in action yesterday (Thursday 24 July 2025) as she visited an Agristar farm which produces macadamia nuts in Mbombela, eastern South Africa. British International Investment (BII), the UK’s development finance institution, is supporting Agristar to expand – supporting jobs and growth and helping to stock British supermarket shelves.

The Minister also visited a UK supported care centre for survivors of gender-based violence in Mbombela, alongside South African Minister for Women, Youth and Persons with Disability, Sindisiwe Lydia Chikunga. The centre is supported by a multi-donor fund which has seen increased backing from South African and international private investors. The innovative funding approach has supported over 200 community-based organisations in South Africa working to prevent violence in schools and communities and provide response services for survivors of gender-based violence. This demonstrates the UK and South Africa’s shared commitment to gender equality and women’s empowerment.

By mobilising private finance and empowering partners to take charge of their own development, the UK is moving away from a paternalistic approach to aid.

Minister for Development, Baroness Chapman said:

We want to help countries move beyond aid. In South Africa, I’ve seen the impact we can have with genuine partnerships, rather than paternalism. Our work is supporting jobs and generating global economic growth – and bringing high quality South African produce to UK shops.

At the G20 in South Africa, I have one simple message: the world has changed and so must we. The UK is taking a new approach to development, responding to the needs of our partners and delivering real impact and value for money for UK taxpayers.

At the G20, the Minister is due to discuss the UK’s new approach to international development with counterparts from Egypt, India and Germany.

The Agristar farm in Mbombela, which the Minister visited yesterday, has benefitted from UK investment as part of the Just Energy Transition Partnership (JETP). BII support has enabled the macadamia nut producer to expand its operations across Africa, invest in measures to mitigate climate risks, and support nearly 400 jobs. BII is also supporting Agristar’s expansion into Malawi.

BII, which aims to make a return on its investments, has so far supported 92 companies in South Africa and over 35,000 jobs.

Its success highlights how the UK’s investment in international development is driving green growth and jobs, boosting global prosperity and stability to help create the conditions to deliver the government’s Plan for Change at home.

The Minister will also announce today a new £2 million commitment to support local agribusiness projects by partnering with South African investment funds to drive more private finance for the farming sector.

In G20 talks on tackling illicit financial flows, the Minister will highlight how money and assets siphoned away as part of criminal activity deprive lower-income countries of vital resources which could otherwise support growth and development. The Foreign Secretary is leading a campaign against illicit finance, mobilising the best UK expertise and international partnerships, so dirty money has nowhere to hide. This is also vital to deterring threats to the safety and security of Britain, as part of the government’s Plan for Change.

Media enquiries

Email newsdesk@fcdo.gov.uk

Telephone 020 7008 3100

Email the FCDO Newsdesk (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

Published 25 July 2025

MIL OSI United Kingdom –

July 25, 2025

MIL-OSI Submissions: Tech Research – Artificial Intelligence Adoption in S&P 500 Firms Brings New Security Challenges, Study Finds

Source: Cybernews

July 24, 2025, Vilnius, Lithuania – As artificial intelligence becomes increasingly central to the operations of America’s largest corporations, recent research reveals potential security vulnerabilities that could affect both organizations and their customers.

An analysis by cybersecurity experts at Cybernews examined AI deployments across the S&P 500 and uncovered close to 1,000 potential weak points that may lead to data exposure, theft of proprietary information, and erroneous AI actions.

The study found that 327 S&P 500 companies publicly report using AI tools in their operations in sectors including finance, healthcare, manufacturing, and energy.

While these tools have accelerated innovation and efficiency, safety measures have yet to fully catch up, leaving systems open to misuse or failure. This includes AI outputs that may be inaccurate or misleading, unintended disclosure of confidential data, and risks of corporate secrets being compromised.

Žilvinas Girėnas, head of product at nexos.ai, emphasized, “It’s not enough to deploy AI and hope for the best. Businesses need to develop AI with the same safety standards as airplanes: constant oversight, clear guardrails, and a zero-trust approach. Every AI decision must be considered potentially wrong until proven correct, and every input must be monitored to prevent sensitive data from leaking or trade secrets from escaping.”

The potential vulnerabilities extend across multiple industries. Technology and semiconductor companies are especially vulnerable to data leaks and intellectual property risks. Financial institutions might face challenges protecting client data while ensuring AI does not reinforce unfair bias in lending.

Healthcare providers carry the added responsibility of protecting patients from flawed AI-driven recommendations. Meanwhile, industrial and infrastructure sectors must guard against disruptions that could affect critical services, such as power supply or supply chain operations.

For consumers, the consequences are tangible. Unsecured AI systems risk leaking private details – ranging from medical histories to financial records – while flawed AI judgments could influence decisions that directly affect people’s health and finances.

As AI tools play a larger role in retail, banking, transportation, and other areas, protecting these technologies becomes essential for public protection.

The report highlights past incidents that illustrate these dangers. IBM’s Watson once offered unsafe cancer treatment suggestions. Apple’s credit system faced scrutiny after allegations of gender bias. Zillow’s AI-driven pricing led to substantial financial losses. Additionally, Samsung experienced unintended source code disclosures due to inappropriate use of AI chatbots by employees.

“AI is becoming more deeply embedded in business operations, and the risks are multiplying. The lessons from all these incidents are clear: unchecked deployment without robust security and oversight leads to real-world failures,” said Martynas Vareikis, Security Researcher at Cybernews.

As AI further transforms businesses, past incidents and potential threats show how crucial it is to improve security strategies in parallel.

ABOUT CYBERNEWS

Cybernews is a globally recognized independent media outlet where journalists and security experts debunk cyber by research, testing, and data. Founded in 2019 in response to rising concerns about online security, the site covers breaking news, conducts original investigations, and offers unique perspectives on the evolving digital security landscape. Through white-hat investigative techniques, Cybernews research team identifies and safely discloses cybersecurity threats and vulnerabilities, while the editorial team provides cybersecurity-related news, analysis, and opinions by industry insiders with complete independence.

Cybernews has earned worldwide attention for its high-impact research and discoveries, which have uncovered some of the internet’s most significant security exposures and data leaks. Notable ones include:

Cybernews researchers discovered multiple open datasets comprising 16 billion login credentials from infostealer malware, social media, developer portals, and corporate networks – highlighting the unprecedented risks of account takeovers, phishing, and business email compromise.
Cybernews researchers analyzed 156,080 randomly selected iOS apps – around 8% of the apps present on the App Store – and uncovered a massive oversight: 71% of them expose sensitive data.
Recently, Bob Dyachenko, a cybersecurity researcher and owner of SecurityDiscovery.com, and the Cybernews security research team discovered an unprotected Elasticsearch index, which contained a wide range of sensitive personal details related to the entire population of Georgia.
The team analyzed the new Pixel 9 Pro XL smartphone’s web traffic, and found that Google’s latest flagship smartphone frequently transmits private user data to the tech giant before any app is installed.
The team revealed that a massive data leak at MC2 Data, a background check firm, affects one-third of the US population.
The Cybernews security research team discovered that 50 most popular Android apps require 11 dangerous permissions on average.
They revealed that two online PDF makers leaked tens of thousands of user documents, including passports, driving licenses, certificates, and other personal information uploaded by users.
An analysis by Cybernews research discovered over a million publicly exposed secrets from over 58 thousand websites’ exposed environment (.env) files.
The team revealed that Australia’s football governing body, Football Australia, has leaked secret keys potentially opening access to 127 buckets of data, including ticket buyers’ personal data and players’ contracts and documents.
The Cybernews research team, in collaboration with cybersecurity researcher Bob Dyachenko, discovered a massive data leak containing information from numerous past breaches, comprising 12 terabytes of data and spanning over 26 billion records.
The team analyzed NASA’s website, and discovered an open redirect vulnerability plaguing NASA’s Astrobiology website.
The team investigated 30,000 Android Apps, and discovered that over half of them are leaking secrets that could have huge repercussions for both app developers and their customers.

MIL OSI – Submitted News –