Category: Business

  • MIL-OSI: UPDATE – Nika Pharmaceuticals, Inc. to Present at the Life Sciences Virtual Investor Forum June 11th-12th

    Source: GlobeNewswire (MIL-OSI)

    HENDERSON, Nev., June 12, 2025 (GLOBE NEWSWIRE) — Nika Pharmaceuticals, Inc. (OTCQB:NIKA), based in Colorado, focused on cures for life-threatening diseases, today announced that Dimitar Savov, CEO, will present live at the Life Sciences Virtual Investor Frum hosted by VirtualInvestorConferences.com, on June 11th, 2025

    DATE: June 11th
    TIME: 1:00 PM ET
    LINK: REGISTER HERE
    Available for 1×1 meetings: June 12th-17th between 09:00am ET and 11:30am ET

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

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

    Learn more about the event at www.virtualinvestorconferences.com.

    Recent Company Highlights

    • On May 19, 2025, NIKA published a market analysis for the countries of Ukraine, Syria, Jordan, Iraq, UAE, where NIKA has exclusive distribution agreements and has estimated a total of around €656 million in potential revenue.
    • NIKA’s partner company, Nika Europe, has made the second $195,554 payment for the vial production line and is currently finalizing the details of the clean rooms design in order to start construction. The production facility is expected to be completed in H2, 2025.
    • On April 11, 2025, Nika Pharmaceuticals, Inc. published a report on the therapeutic effect and potential economic impact of ITV-1, which can be found  here.
    • On July 11, 2024 Nika Pharmaceuticals, Inc. signed an exclusive distribution agreement for the Republic of Nigeria. Under the terms, NIKA will receive €1,980 per each set of ITV-1 with two sets necessary for each treatment, which could result in €7.9 billion revenue.

    About Nika Pharmaceuticals, Inc.

    Nika Pharmaceuticals, Inc. (NIKA) is a pharmaceutical company, specializing in the treatment of HIV/AIDS, Hepatitis B and C, Rheumatoid Arthritis, Cancer, Diabetes, and all diseases, for which strengthened cell immunity is of vital importance. NIKA’s intellectual property includes six drugs in injection form – two of which have successfully undergone clinical trials with good treatment results – four drugs in tablet form, and eleven dietary supplements. NIKA’s goal is to not only achieve corporate profits, but to provide better and easier access to life-saving medicinal drugs and useful dietary supplements. Find more on www.nikapharmaceuticals.com.

    Forward-looking Statement:

    This press release contains forward-looking statements. Certain statements, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, are “forward- looking statements.” These forward-looking statements generally are identified by the words “believes,” “expects,” “anticipates,”” estimates,” “intends,” “strategy,” “plan,” “may,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain.

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

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

    CONTACTS:
    Nika Pharmaceuticals, Inc.
    Name Clifford P. Redekop
    Title Corporate Secretary
    Phone (702) 326-3615        
    Email cliffredekop@gmail.com 

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

    The MIL Network

  • MIL-OSI Economics: DDG Hill: WTO members’ engagement vital to unlocking the benefits of digital trade

    Source: World Trade Organization

    In her closing remarks, DDG Hill noted that digital technologies were powering the global economy, including international trade. Citing WTO data, she highlighted the dynamic growth of digitally delivered services exports, which in 2024 accounted for 14.5% of global exports in goods and services. She also underscored the transformative impact of digital technologies – not only speeding up trade, but also leading to the creation of entirely new categories of data-driven goods and services.

    DDG Hill said digital trade has been not only a growth engine, but also a tool of inclusion, in particular for small and women-led businesses. She pointed out in this regard that while middle-income countries increased their share of global digital services exports by 24% between 2015 and 2022, low-income economies continue to face hurdles.

    DDG Hill emphasized that in times of economic uncertainty, stability and predictability in international trade are more important than ever. She pointed to the role of longstanding WTO agreements – such as the General Agreement on Tariffs and Trade (GATT) and the General Agreement on Trade in Services (GATS) but also the Trade Facilitation Agreement or the Agreement on Trade-Related Aspects of Intellectual Property Rights – in supporting digital trade. These rules remain the cornerstone of the international trading system not only by providing basic disciplines, but also by cutting “red tape”, increasing access to digital goods and fostering innovation and technology diffusion.

    DDG Hill acknowledged that current WTO rules do not capture certain nuances of digital technologies, from cybersecurity to consumer protection and e-payments. She noted, however, that WTO members are trying to grasp these and other aspects of the digital economy through insightful discussions within the Work Programme on Electronic Commerce. DDG Hill highlighted in this regard the deep level of engagement by many members, including developing economies, in recent discussions on the opportunities and challenges posed by digital trade.

    “Finding a balance between openness and protection, innovation and integrity is the defining digital governance challenge of our time,” said DDG Hill. She cited a joint WTO–OECD study, which found that convergence towards balanced data flows with appropriate safeguards is the optimal solution that could boost global exports by 3.6% and global GDP by 1.77%. She mentioned in this context the plurilateral agreement on e-commerce is one of the tools that seek to strike such a balance. The agreement – supported by 71 WTO members – lays down rules aiming at facilitating and building trust in e-commerce, while ensuring an open digital trade environment.

    DDG Hill further noted the potential of artificial intelligence to help level the playing field for small businesses by lowering market entry barriers, simplifying compliance, and boosting efficiency. She cited the WTO Secretariat report on AI – “Trading with intelligence” – which finds that AI has the potential to benefit low- and lower middle-income countries as much as high-income counterparts in terms of export growth potential. In her view, building digital skills, infrastructure, and supportive regulatory frameworks will be key to harnessing this potential.

    Looking ahead to the 14th Ministerial Conference (MC14), which will take place in March 2026 in Yaoundé, DDG Hill acknowledged the complexity of the international trading landscape and emphasized the value of discussions on e-commerce. “A meaningful reform of the system seems to be a top priority for many members, and failing to agree on a roadmap towards such a reform would be a missed opportunity,” DDG Hill said. “It would also be a missed opportunity to neglect the most dynamic component of international trade over the past few decades”.

    DDG Hill concluded that trade and digital technologies – when aligned thoughtfully – can be a force for good. “This is why it is particularly important that the WTO remains a vital platform for dialogue, for monitoring developments, and for shaping the rules of tomorrow,” DDG Hill said.

    More information on the event can be found on the TradeExperettes’ website.

    Share

    MIL OSI Economics

  • MIL-OSI Economics: Meet Bloomberg’s C++ Guild

    Source: Bloomberg Press Statements

    Headline: Meet Bloomberg’s C++ Guild

    C++ is at the heart of Bloomberg’s infrastructure, powering everything from low-level libraries to highly performant financial applications, analytics, and trading systems. Maintaining a best-in-class C++ environment requires a collaborative approach to knowledge sharing and continuous education, and that’s where Bloomberg’s C++ Guild comes in.

    The C++ Guild is one of 12 guilds Bloomberg has created to provide structured forums for people to share technical knowledge, tools, code, and best practices. The C++ Guild, in particular, is dedicated to strengthening Bloomberg’s use of the language and related areas such as training, ISO standardization, and application design. Guild members’ influence also extends across the industry through tech talks at key conferences and meetups, open source contributions, and through the standardization process. Through these efforts, the Guild ensures that Bloomberg remains a C++ innovator, while empowering the broader tech community to drive the language forward.

    However, the Guild isn’t just a technical forum. It’s also a catalyst for professional growth. Members gain opportunities to sharpen their expertise, learn from industry leaders, and become recognized technical experts themselves. We asked individuals from this community to share more about the C++ Guild and discuss how it has shaped each of their careers.

    First, let’s meet Aurelien Cassagnes, a Tokyo-based Team Lead in Bloomberg’s Feeds Engineering group. He started in 2015 as an intern and then served as an individual contributor (IC) for eight years before becoming a team lead in 2024.

    How did you get involved with the C++ Guild? And what is your role in the Guild?
    I knew someone else from the APAC region was involved in the C++ Guild’s API Reviews Working Group, so I decided to join that same group to keep our efforts focused.

    The API Reviews Working Group is tasked with defining best practices for the most fundamental APIs used at Bloomberg and ensuring compliance. It also brings together engineers with different skills and backgrounds to review far-reaching internal libraries or code that is used in open source projects that Bloomberg publishes. For example, before the release of BlazingMQ, a modern high-performance open source message queuing system, the C++ Guild’s API Reviews group was extensively involved in reviewing its code.

    How did you become a co-lead of a Working Group?
    My group lead and I discussed my available bandwidth to focus on this guild, while still being able to deliver for my team. I later decided to also join the Conferences Working Group in order to bring back some of the expertise in the region, as it’s quite challenging to source events locally.

    The two prior co-leads of the API Reviews Working Group were happy with the work I was doing there and they trusted me to lead the local chapter. I started some other local initiatives to grow the guild, such as making sure that our teams know what services we provide and finding opportunities for our engineers to participate in Standards Committee meetings or write C++ standards proposals. Those efforts were ultimately rewarded with being picked as a Guild Leader, which is a title I wear as proudly as Team Lead.

    We recently launched another working group locally to handle the writing of a standards proposal. All in all, having participated in multiple groups has shown me the power of building a strong network in the guild.

    What do you tell engineers about why they should get involved in the C++ Guild?
    Guilds are the perfect place to stretch your engineering muscle beyond your day-to-day tasks. You’ll work alongside world-class experts who are excited to share their skills. So if you are looking for a venue to grow as an engineer, this is a great place. The guild is not only for you to receive; we are also interested and open to see what you want to contribute. The guild is an investment, and you get tenfold the time and effort you put in.

    How has the C++ Guild community supported your career development?
    As the guild looked to expand its presence in APAC, they trusted me to lead the local chapter, and thus was positively noticed and supported by my manager. Because I was invested in finding opportunities for our engineers, I took even more initiative and nominated and sent my people to events, and this was also noticed. I have no doubt that these were some of the milestones that were considered when my managers decided to make me a team lead. It’s safe to say that I feel a whole lot more complete as an engineer thanks to being in the guild.

    Last year, you attended CppCon. Why is it important for Bloomberg engineers to attend, participate, and speak at technical conferences?
    While we are immersed in our day-to-day work, it’s easy to forget that best practices and the bar for excellence in C++ is a moving target. But the language keeps evolving. Bloomberg aims to lead this movement, and is committed to being a strong voice in the C++ Standards conversation. So we want our engineers to be engaged in the community, to learn from it, and to give back.

    This starts by fostering a culture of curiosity and openness. Question the status quo, understand where we are, and improve on it. We invest in our engineers so they have the opportunity to share what they know with the community at a conference or a local meetup, get feedback, and take their ideas to the next level. Ultimately, when an engineer presents a proposal on stage at CppCon, they will reach and influence the community at scale, so we make sure we utilize that opportunity for both our business’ and the individual’s growth.

    “Guilds are the perfect place to stretch your engineering muscle beyond your day-to-day tasks. You’ll work alongside world-class experts who are excited to share their skills. So if you are looking for a venue to grow as an engineer, this is a great place.”

    – Aurelien Cassagnes

    Elena Vorobyeva is Team Lead on the Sessions Infrastructure team, part of Platform Security. She first joined Bloomberg as a contractor on the Real-time Data team. She eventually accepted a permanent position working on application middleware, and then market data.

    Tell us about how you got involved with the C++ Guild?
    I am the Lead of the C++ Guild’s Conference Working Group. When I first joined the guild in 2019, there were several groups within the Guild that were in need of leadership. I chose to lead the Conference Working Group because national and international conferences create possibilities for community-wide professional development and education. I also enjoy sharing my own fascination with and knowledge of C++.

    What is your Working Group charged with?
    The Conference Working Group is responsible for managing conference-related activities. Each year, we recommend which conferences related to C++ that the Engineering department should sponsor. We decide which sponsorship level best aligns with Bloomberg’s objectives. We also provide support and assistance to individuals participating in these conferences, whether as first-time attendees or seasoned presenters. This ensures that our team members are well-prepared and can make the most of their conference experience.

    Why is it important for Bloomberg engineers to attend, participate in, and speak at technical conferences?
    Each year, Bloomberg participates in more than a dozen C++ conferences around the globe. We also have many engineers involved in WG21, the ISO C++ Committee that helps shape the international standard for the C++ language. Bloomberg has one of the world’s largest C++ codebases, and as that investment grows, it is important to show our commitment to this language, which leads in both performance and safety.

    Bloomberg’s engineers are widely recognized as thought leaders and experts in the field. At conferences and on committees, we also have a chance to discover insights, share perspectives and get inspiration from experts outside the company.

    Conferences are also an excellent way to show potential talent that Bloomberg is not only a financial services company, but also a leading software company. In addition to presenting our work, we get to share our unique company culture, where people can stretch professionally and contribute to the evolution of technology. People from other companies tell us that they are fascinated that every Bloomberg employee they talk to tells the same story: we love where we are, and we trust that we are appreciated.

    Our own employees come home from these conferences with a renewed appreciation for what Bloomberg offers, both professionally and as a place to work and grow. The chance to present their work to outside audiences offers people a moment to step back and understand what they have accomplished and how much that matters to the greater C++ community.

    How has the C++ Guild community supported your career development?
    The Guild community continues to introduce me to a network of talented and driven people outside of my own department. The meetups and events organized and supported by the Guild have given me the opportunity to deepen my technical knowledge in C++ and other related areas. Being involved in the Conference Working Group has allowed me to mentor colleagues across the company. I feel like I am helping to create – while also being given – a comprehensive platform for both personal and professional growth.

    What makes guilds a great way for engineers to learn new skills and develop their interests in emerging technologies?
    Guilds provide a dynamic environment to share information both throughout our company and externally as well. Interaction with a diverse array of Working Groups allows contributors to focus on many aspects of professional development. In the C++ Guild, deeply technical Working Groups collaborate to conduct in-depth exploration of current topics such as Reflection, Inter-Thread Communication, and API review, while others focus on community and organization, event planning, presentation, and project management. This variety ensures that every engineer can find a group that aligns with their own interests and career goals, and can also learn from the research and work of others. In addition, people can flexibly commit to join the Guild and participate when they have time or an interest in doing so. Everybody is welcome!

    “The meetups and events organized and supported by the Guild have given me the opportunity to deepen my technical knowledge in C++ and other related areas. Being involved in the Conference Working Group has allowed me to mentor colleagues across the company. I feel like I am helping to create – while also being given – a comprehensive platform for both personal and professional growth.”

    – Elena Vorobyeva

    Jessica Winer is a Junior Software Engineer working on Bloomberg’s Asset and Investment Management (AIM) Enterprise product. She is responsible for creating a highly configurable automated user experience for Post Trade. She joined Bloomberg three years ago.

    Tell us about how you got involved with the C++ Guild? How long were you at Bloomberg before you got involved with the community?
    When joining Bloomberg, I was particularly drawn to the company’s “Choose your own adventure” style of career development. I’ve tried to take full advantage of a wealth of opportunities offered to me to have impact across the firm. I have been able to dive into the deep end of technical projects, have gotten lost in the weeds, and climbed my way out. And I’ve been able to take projects from ideas to reality even at this early stage of my career. My Team Lead pointed me towards guilds as an avenue for exposure and technical exploration. As a new member of the C++ Guild, I have gotten to work with engineers across the company.

    What initiatives have you been actively involved in?
    I have gotten involved in a few different working groups, such as the Recommended Libraries Working Group, where I learned about weighing the qualities of different tools to solve a specific technical problem.

    As part of the Testing Working Group, I’ve learned about testing best practices across Bloomberg, and have contributed to tools to increase testing coverage. This group is particularly interesting to me, as I have been co-leading a local department working group for testing for over a year, where we have been creating a cross-department solution for Gherkin-style system tests which can be run automatically on a daily interval. Through the Guild, I realized that a lot of the questions we were deliberating in our department were already being discussed Bloomberg-wide.

    Most recently I have been working in the Conferences Working Group, learning more about the organization of conferences and Bloomberg’s involvement externally.

    Are there any conferences you have attended as a speaker or presented your work?
    My first conference through Bloomberg was CppCon 2023, which is the world’s largest C++ conference. While I enjoyed learning from brilliant minds and expanding my knowledge in formal sessions, it was truly incredible to meet members of the C++ Standards Committee, who are helping to evolve the language, as well as Bjarne Stroustrup, who created the language. These people all went out of their way to welcome us into the community. After attending CppCon, I co-created a presentation on system design with a colleague, which we presented at ACCU 2024 in Bristol, UK.

    What’s one thing you wish people knew about the Guilds?
    Guilds are meant to be a learning opportunity for those at the company. You don’t already have to be a domain expert to join. You will become part of a network of brilliant engineers and domain expertise will follow.

    In 2024, you attended CppCon. Why is it important for Bloomberg engineers to attend, participate in, and speak at technical conferences?
    Conferences are a great opportunity to meet brilliant engineers both in and outside of Bloomberg. Attending conferences gives you dedicated time to learn from others and to improve your technical skills.

    “When joining Bloomberg, I was particularly drawn to the company’s “Choose your own adventure” style of career development. I’ve tried to take full advantage of a wealth of opportunities offered to me to have impact across the firm. I have been able to dive into the deep end of technical projects, have gotten lost in the weeds, and climbed my way out. And I’ve been able to take projects from ideas to reality even at this early stage of my career.”

    – Jessica Winer

    Conor Spilsbury is a Senior Software Engineer within the Trade Automation and Execution organization, where he works on Bloomberg’s Listed Securities Execution Management System, EMSX, a real-time, high throughput, multi-asset transactional trading platform used by financial institutions around the world to manage their daily trading activity. He has worked at Bloomberg for five years, having joined as an entry-level engineer in the infrastructure team after finishing his master’s degree in mathematics. He is now working on deepening the integration between EMSX and AIM, our buy-side OMS, as part of Bloomberg’s enterprise offerings.

    How did you get involved with the C++ Guild?
    I am always looking for what more I can be doing – both in my own team and beyond. Six months after I joined Bloomberg, I read a post in one of the internal newsletters looking for help in organizing Guild activities. My managers at Bloomberg have always encouraged and supported me to participate.

    The Guild is responsible for a C++ newsletter that is regularly sent to engineers at Bloomberg. We use this to share recent updates in the C++ community, including changes to our build tools, tooling or library updates, advertising upcoming conferences that engineers can attend, internal transfer opportunities, internal talks from Bloomberg employees or special guests (e.g., the C++ Guild recently hosted Sean Baxter to talk about the Circle Compiler), and ultimately highlighting opportunities for engineers to get involved in the C++ community itself.

    The newsletter has been running for five years now and we still experiment with what we can include in it. For example, we’re also trying to do more to promote ways to contribute to “inner source” projects and have been running a “Feature of the Month” column which shares a tip about a C++ feature. The most recent newsletter included tips on C++23’s ‘std::expected’.

    How did you become co-chair?
    As the Guild has grown, we have expanded the domains that we work on, which means there are all kinds of new opportunities for engineers to get involved in. The Guild is organized into dedicated Working Groups, each of which is focused on a particular domain.

    I found myself making contributions to multiple different WGs and have led two of them; I’ve contributed to API Reviews, Communications, Membership, Recommended Libraries, Testing, and organized our presence at an internal conference called “Guild Week” over multiple years, and even delivered talks at this conference.

    One of the primary forms of responsibility for me in recent years has come from being involved in Membership and supporting new members to get involved. This has also led me to presenting talks about Guild to other internal communities at Bloomberg.

    After a few years of making increasingly larger contributions across multiple working groups, I put myself forward to be the next chair of the Guild and I was fortunate to receive a lot of support.

    What are some of the ways the C++ Guild’s members influence C++ utilization both within and outside the company ?
    One of our goals is to bring engineers across the company together to work on influencing the direction of C++ at Bloomberg and improving the development experience internally. We do this by establishing best practices and guiding principles based on community feedback and contributions.

    For example, our Tooling Working Group maintains and improves our tools for C++ development along with standardizing this tooling. They are currently working on implementing the Common Package Specification as described by our very own Bret Brown at CppCon 2023 in collaboration with KitWare.

    In addition, Bloomberg has many active contributors to new features in the C++ programming language, and we have a Working Group that coordinates our efforts with the wider international standardization working group for C++, WG21. For example, Dan Katz, our previous Guild co-chair, is a co-author on the paper that proposes to add Reflection into C++26, which will be a major milestone for the language.

    How has the C++ Guild community supported your career development?
    I’ve been able to gain a lot more technical knowledge, including expert insights, best practices, and industry trends that have helped me deepen my understanding of the language and stay up-to-date with the latest developments both internally at Bloomberg and externally in the wider community.

    Being involved in the Guild is also a unique opportunity to have company-wide impact and to gain leadership experience whilst remaining an individual contributor as opposed to going down a Team Lead or Management track. I’ve taken the lead in organizing Guild initiatives, setting direction, and mentoring others to achieve our goals. This experience has not only helped me become a more effective team player but also given me the confidence to take on new challenges in my own role. I’ve been able to bring this experience back to my team and make more meaningful contributions as a result.

    The community has also provided me with opportunities to meet and connect with engineers in other departments, which has been a great way to expand my network and learn about new areas of the company. It’s amazing how often I’ve been able to find the exact person I need to answer a question or provide guidance.

    I found this particularly useful when I was looking for a new challenge and decided to move teams internally to an entirely new domain. Thanks to the Guild, I had already established relationships with engineers who could offer valuable advice and introductions. As it turns out, the first time I met two of my current teammates in EMSX was when the three of us were attending CppCon, a C++ industry conference!

    At CppCon 2024, I gave my first talk at a conference which was a really rewarding experience. In particular, collaborating with colleagues as we went back and forth improving the talk together.

    How do you encourage employees to get involved?
    Some engineers will join the Guild with a clear idea of what they want to work on, but others may not know where to start. In either case, the most important thing is to bring enthusiasm and a curiosity to learn more. To help with this, we have a Membership Working Group that pairs each new member with an experienced Guild member to support them. It all comes down to trying out new things, volunteering to get involved in an initiative, or pitching something new and sharing ideas.

    Ultimately, the more perspectives represented by engineers in the Guild, the better. Our goal is to reach engineers across the entire company in all of our departments and at every experience level to improve their experience.

    “Being involved in the Guild is also a unique opportunity to have company-wide impact and to gain leadership experience whilst remaining an individual contributor as opposed to going down a Team Lead or Management track.”

    – Conor Spilsbury

    Check out some open roles with our engineering teams that utilize C++.

    MIL OSI Economics

  • MIL-OSI Economics: Celebrating the Q1 2025 recipients of Bloomberg’s FOSS Fund

    Source: Bloomberg Press Statements

    Headline: Celebrating the Q1 2025 recipients of Bloomberg’s FOSS Fund

    Open source software is foundational to Bloomberg’s engineering culture. As an open source-first company with a deep commitment to philanthropy, Bloomberg believes it is imperative to strengthen the broader technology ecosystem by sustaining the projects that power its products and services.

    These principles led the firm to launch the Bloomberg Free and Open Source Software (FOSS) Contributor Fund in January 2023. The initiative is designed to empower the company’s technologists to vote on directed grants to open source projects that they use, admire, and believe in, in order to support the communities and people behind them that keep the web running.

    The FOSS Contributor Fund, led jointly by Bloomberg’s Open Source Program Office (OSPO) and Corporate Philanthropy teams, actively engages technologists across the firm in the allocation of funding to open source projects. It also provides financial support to maintain or expand projects, gives recognition to well-deserving technologies, and fosters a greater sense of ownership, responsibility, and pride within Bloomberg’s internal open source community.

    Let’s meet the Q1 2025 recipients who have been awarded Bloomberg FOSS Contributor Fund grants of $10,000 each: OpenMetadata and Wikimedia Foundation.

    OpenMetadata: OpenMetadata is an open and unified metadata platform for data discovery, observability, and governance. Since managing data across modern systems can be messy, OpenMetadata helps clean that up by providing a standard for metadata management, getting the right data to the right people, informing data lineage, and collectively managing risk and compliance. It’s helping organizations understand and trust their data, enabling teams to make better decisions, faster.

    “We are deeply honored to receive the Bloomberg FOSS Fund grant as recognition of the OpenMetadata community and validation of the amazing work our contributors are doing,” said OpenMetadata committer Sriharsha Chintalapani. “At OpenMetadata, our mission is to democratize data discovery, observability, and governance for every data team. It’s the reason why thousands of companies — from startups to Fortune 500s — rely on OpenMetadata everyday to unlock the value of their data. This grant will be put back into our community to ensure our ecosystem evolves at the pace of modern data and AI.”

    Wikimedia Foundation: Wikimedia is the nonprofit behind Wikipedia, the free online encyclopedia that anyone can edit, and a constellation of other free knowledge projects. Wikipedia is one of the world’s most visited websites and a cornerstone of open knowledge on the internet. It’s maintained by volunteers who can edit text, data, references, and images. It’s also a reminder that not all open source impact is technical – some of it is cultural and educational.

    “The Wikimedia Foundation is grateful to receive this grant from Bloomberg’s FOSS Fund. As the host of Wikipedia and other Wikimedia free knowledge projects, this funding will support the technology that makes Wikipedia possible and improvements to how people read and share knowledge on the site,” said Lisa Seitz Gruwell, Wikimedia Foundation’s Chief Advancement Officer. “This recognition from Bloomberg’s staff is testament to Wikipedia’s value as the world’s largest open source free knowledge project, made possible by a global community of nearly 260,000 volunteers committed to making trustworthy knowledge accessible to all.”

    Alyssa Wright of Bloomberg’s OSPO shares, “OpenMetadata and Wikimedia Foundation join 24 other impactful open source projects that have been recognized by the Bloomberg FOSS Contributor Fund over the past two years. This program plays a pivotal role in how Bloomberg supports open source, and my team is proud to give back to the communities that make modern software possible.”

    The FOSS Contributor Fund represents one key facet of Bloomberg’s broader, sustained commitment to supporting the open source ecosystem. Wright explains, “We do a great deal to support the open source ecosystem, empowering our engineers to be active and leading contributors, and providing support to the foundations and communities vital to open source. Corporate Philanthropy is an incredible partner in this work.”

    Francesca Romano of Bloomberg’s Corporate Philanthropy team comments, “What sets Bloomberg’s open source strategy apart is how deeply it’s shaped by our long-standing commitment to philanthropy. Charitable giving and service are central to our culture, and we apply that same spirit to open source and the critical digital infrastructure that drives innovation. Through initiatives like our FOSS Contributor Fund, we’re proud to invest in a stronger, more sustainable and impactful open source ecosystem.”

    Additional FOSS Contributor Fund recipients will be announced throughout the year, each one a reflection of the vital role open source plays in powering innovation both within Bloomberg and in the shared digital world around us.

    MIL OSI Economics

  • MIL-OSI Economics: Building pathways together: Bloomberg, TIAA/Nuveen, and City Tutors invest in the next generation

    Source: Bloomberg Press Statements

    Headline: Building pathways together: Bloomberg, TIAA/Nuveen, and City Tutors invest in the next generation

    On a recent spring evening, more than 100 students, mentors, and professionals came together at Bloomberg’s Global Headquarters for a career-focused gathering hosted in partnership with TIAA/Nuveen and City Tutors. This gathering was part of Bloomberg’s Your Path, Your Future program, an initiative designed to introduce young people to careers in industries where Bloomberg has expertise including technology, data, news, and finance and to connect young people with experienced professionals who can help them navigate the path to success. 

    Designed with students at the center, the evening featured a dynamic panel, small-group breakout sessions, and direct networking opportunities with professionals. Participants asked thoughtful questions, shared personal stories, and gained exposure to real career journeys. Mentors left energized by the insight, determination, and readiness they saw in the room. 

    “We created Your Path, Your Future to help young people see what’s possible and to connect them with the people and experiences that can help them get there,” said Nancy Cutler, who leads Corporate Philanthropy for the Americas at Bloomberg. “Partnering with City Tutors and TIAA/Nuveen shows the power of working together around a shared purpose to scale our impact and create more pathways to success.”

    Building on years of collaboration, the evening marked Bloomberg’s first in-person event with City Tutors, a nonprofit working to expand opportunities for young people across New York City. Attendees included undergraduates, recent grads, and master’s students from across CUNY’s 25 campuses, many of whom are balancing school, work, and caregiving while pursuing their career goals.

    “Our community carries more than most—juggling school, work, caregiving, and the hopes of their families. And still, they show up with hunger, curiosity, and the drive to grow. What made this night special was that the professionals from Bloomberg and TIAA/Nuveen truly saw that. They saw themselves in our students. They responded with care, openness, and real respect. Our learners left feeling seen, and excited to imagine themselves in places like this, not as visitors, but as future colleagues,” said Garri Rivkin, Executive Director, The City Tutors.

    Since 2021, more than 160 Bloomberg employees have volunteered with City Tutors, with 68 currently serving as active mentors. This event built on that momentum and on Bloomberg’s broader efforts to expand access to careers in technology, news, and finance through mentorship and community engagement. 

    A shared investment in talent and community

    For Bloomberg and TIAA/Nuveen, this was an opportunity to connect with homegrown NYC talent. These students and young professionals brought insight, skill, and determination, and left the evening with new tools and perspectives to fuel their career journeys. The evening served as both a showcase of shared commitment and a celebration of what’s possible through partnership.

    “This meaningful partnership with Bloomberg and The City Tutors aligned perfectly with TIAA/Nuveen’s Igniting Brighter Futures initiative, which exposes high school and college students, many of whom are first-generation college students, to a range of careers in the financial services and asset management industries,” said Amy O’Brien, Global Head of Responsible Investing at Nuveen. “Through our Igniting Brighter Futures initiative, we aim to inspire and provide life skills that help prepare students for success and a pathway to and through college and into the workforce.”

    TIAA/Nuveen’s participation added to the experience, reflecting a strong partnership between the two companies and a shared commitment to supporting future leaders. Together, Bloomberg and TIAA/Nuveen created a space where the learners could ask questions, gain visibility into career paths, and begin building meaningful professional relationships.

    A night of perspective and possibility

    That spirit of possibility could be felt throughout the evening. Participants arrived prepared with questions, goals, and a hunger to learn. They left not only with answers, but also with greater confidence, clarity, and a better understanding of the steps ahead. These conversations offered insight into real career journeys and the value of building connections along the way.

    “I got a glimpse of real office culture and saw how welcoming everyone was. It wasn’t about being the most talented but about embracing new perspectives,” said Mitu Akter, Baruch College student

    Mentors also walked away with a renewed sense of purpose, inspired by the students’ energy and reminded of how impactful one conversation can be. “It was an amazing event. The panelists offered thoughtful guidance, personal stories, and practical advice that really resonated. The students were highly engaged and eager to build connections. You could feel the energy in the room—it was truly inspiring,” said Rebecca Emery, Bloomberg mentor.

    As the evening came to a close, one message stood out: Your Path, Your Future is more than a program. It was a commitment to community, to collaboration, and to the next generation of leaders. 

    MIL OSI Economics

  • MIL-OSI Economics: Transforming fixed income data management with AI and human expertise

    Source: Bloomberg Press Statements

    Headline: Transforming fixed income data management with AI and human expertise

    With the increasing complexity of global finance, speed must be matched with accuracy and context.

    Recognizing this, for some use cases, Bloomberg has adopted a “human-in-the-loop” workflow in which human intelligence augments automated systems. This approach allows subject matter experts with deep domain knowledge to supervise AI-driven data extraction, ensuring that the outputs meet the high-quality standards expected by professionals working in the financial sector. 

    For Bloomberg’s fixed income data, this combination has proven particularly effective in addressing the complexities of term sheets, creating innovative solutions to ingest this data that better serve both internal teams and customers. 

    The challenging role of term sheets in fixed income 

    The corporate bond market encompasses a multitude of structures tailored to the needs of various investors, financing companies across the economy. Bloomberg plays a crucial role throughout the issuance process, providing yield calculators, risk metrics, trade ticketing, and reference data. Corporate bond data is vital for investors to make informed decisions on whether to purchase debt instruments from corporate entities. Given that there is no official centralized data source, Bloomberg serves as a key provider of this information to clients.  

    Clients are increasingly looking to electronify and automate the new issuance process to improve efficiency and reduce operational risk. As automation advances, the timeliness of data becomes even more critical, allowing investors to make faster, more informed decisions. 

    As one industry report highlights: “The top operational priority for buy-side, and many sell-side, traders in a year of record bond issuance is to streamline and electronify the primary market bond investment process.” 

    Processing the term sheets that outline the basic terms and conditions of each bond has historically been a labor-intensive task, requiring analysts to manually extract key data points. However, as the volume and complexity of financial instruments have grown, this manual approach has become unsustainable. 

    To address this challenge, Bloomberg’s Data team has developed AI-driven systems to automate the extraction of term sheet data. Machine learning models were created to recognize and extract crucial data fields, such as the bond’s term, interest rate, and yield—significantly improving the speed and efficiency of this process. 

    Historically, training these models required a substantial number of annotated term sheets due to variations in reporting formats. Experts reviewed the model outputs, ensuring annotations were precise to prevent incorrect training data from compromising the system’s effectiveness. 

    “This was a complex project,” recalls Esmie Papadimitriou, Team Leader, Fixed Income Data. “We quickly realized that we needed our best people for the annotation work. The deeper their subject matter expertise, the more efficient and effective they are. If annotations were not done well, we could have ended up with incorrect model training and months of wasted work.” 

    Addressing global market variability 

    One of the biggest challenges in automating term sheet processing is accounting for differences across global markets. Term sheets vary significantly in: 

    1. Structure – The length, delivery method, and order of information differ by region. 
    2. Language – In EMEA and APAC, term sheets are often written in local languages, requiring specialized models to interpret them accurately. 
    3. Content Interpretation – Local market conventions impact how certain terms are expressed or omitted, necessitating domain expertise to ensure accurate data extraction.

    Bloomberg’s approach to automation factors in these variations by combining machine learning outputs with business logic and market expertise. The system is designed to identify crucial details that are missing—such as the bond issuer, currency, or denominations—and apply appropriate derivations based on the specific market context.  

    “This knowledge has been gathered over decades of working with market participants and has been coded into our automation pipelines,” explains Papadimitriou. “Our pipelines make use of AI-driven content extraction while incorporating domain-specific rules to ensure accuracy.” 

    Combining AI and human expertise to drive innovation 

    While AI enables the rapid processing of large volumes of term sheets, human expertise ensures that the extracted data is accurate, complete, and contextually appropriate. Bloomberg’s domain experts collaborate closely with the firm’s AI engineers to refine models and evaluate their outputs, ensuring the solutions they are used in meet the high standards expected by clients.” 

    “Stronger foundation models have been a game-changer: instead of spending months building and training bespoke systems, we can now deliver high-quality results in weeks — as long as we invest in clear task definitions, robust evaluation datasets, and tight feedback loops,” shared Shefaet Rahman, Global Head of AI Services in Bloomberg’s AI Engineering group. “Our collaboration with the Data department has been critical in turning these into durable assets that scale across workflows, enabling faster innovation without sacrificing precision.” 

    The partnership between Bloomberg’s Fixed Income Data team and Engineering has been instrumental in driving this innovation. “We have people who understand the technology stack and how to work with Engineering,” Papadimitriou emphasizes. 

    Freeing up time while safeguarding data quality 

    This approach has transformed Bloomberg’s fixed income data management. By combining the speed of AI with human oversight, the team has improved the accuracy of its data extraction pipeline while freeing up time to expand coverage into new and emerging markets, such as the Baltics and other Eastern European regions. This allows Bloomberg to anticipate customer needs and provide traders with critical data when they need it, helping them derive insights faster.  

    Linn O’Connor, Global Head of Data Securities, highlights how analysts are now able to focus on higher-value tasks: “It just makes the job more interesting. The tasks are different, and it becomes much more project-based. People are able to do much more to an even higher standard of quality.” 

    Looking ahead 

    As Bloomberg continues refining its AI systems and enhancing its data management processes, subject matter experts remain essential in ensuring that the data provided is accurate, relevant, and aligned with clients’ needs.  

    “AI and automation are powerful tools, but it’s the people behind the technology who make the difference. By working together, we can create innovative solutions that not only meet the demands of today’s market but also prepare us for the challenges of tomorrow,” Papadimitriou notes. 

     By blending cutting-edge technology with human expertise, Bloomberg isn’t just keeping up with the data-driven financial world—it is shaping its future. 

    Interested in learning more about open roles within Bloomberg Data? Explore the opportunities.

    MIL OSI Economics

  • MIL-OSI Security: Ransomware Actors Exploit Unpatched SimpleHelp Remote Monitoring and Management to Compromise Utility Billing Software Provider

    Source: US Department of Homeland Security

    Summary

    The Cybersecurity and Infrastructure Security Agency (CISA) is releasing this advisory in response to ransomware actors leveraging unpatched instances of a vulnerability in SimpleHelp Remote Monitoring and Management (RMM) to compromise customers of a utility billing software provider. This incident reflects a broader pattern of ransomware actors targeting organizations through unpatched versions of SimpleHelp RMM since January 2025.

    SimpleHelp versions 5.5.7 and earlier contain several vulnerabilities, including CVE-2024-57727—a path traversal vulnerability.1 Ransomware actors likely leveraged CVE-2024-57727 to access downstream customers’ unpatched SimpleHelp RMM for disruption of services in double extortion compromises.1 

    CISA added CVE-2024-57727 to its Known Exploited Vulnerabilities (KEV) Catalog on Feb. 13, 2025.

    CISA urges software vendors, downstream customers, and end users to immediately implement the Mitigations listed in this advisory based on confirmed compromise or risk of compromise.

    Download the PDF version of this report:

    Mitigations

    CISA recommends organizations implement the mitigations below to respond to emerging ransomware activity exploiting SimpleHelp software. These mitigations align with the Cross-Sector Cybersecurity Performance Goals (CPGs) developed by CISA and the National Institute of Standards and Technology (NIST). The CPGs provide a minimum set of practices and protections that CISA and NIST recommend all organizations implement. CISA and NIST based the CPGs on existing cybersecurity frameworks and guidance to protect against the most common and impactful threats, tactics, techniques, and procedures. Visit CISA’s CPGs webpage for more information on the CPGs, including additional recommended baseline protections. These mitigations apply to all critical infrastructure organizations.

    Vulnerable Third-Party Vendors

    If SimpleHelp is embedded or bundled in vendor-owned software or if a third-party service provider leverages SimpleHelp on a downstream customer’s network, then identify the SimpleHelp server version at the top of the file /SimpleHelp/configuration/serverconfig.xml. If version 5.5.7 or prior is found or has been used since January 2025, third-party vendors should:

    1. Isolate the SimpleHelp server instance from the internet or stop the server process.
    2. Upgrade immediately to the latest SimpleHelp version in accordance with SimpleHelp’s security vulnerability advisory.2
    3. Contact your downstream customers to direct them to take actions to secure their endpoints and undertake threat hunting actions on their network.

    Vulnerable Downstream Customers and End Users

    Determine if the system is running an unpatched version of SimpleHelp RMM either directly or embedded in third-party software.

    SimpleHelp Endpoints

    Determine if an endpoint is running the remote access (RAS) service by checking the following paths depending on the specific environment:

    • Windows: %APPDATA%JWrapper-Remote Access
    • Linux: /opt/JWrapper-Remote Access
    • MacOs: /Library/Application Support/JWrapper-Remote Access

    If RAS installation is present and running, open the serviceconfig.xml file in /JWrapper-Remote Access/JWAppsSharedConfig/ to determine if the registered service is vulnerable. The lines starting with indicate the server addresses where the service is registered.

    SimpleHelp Server

    Determine the version of any SimpleHelp server by performing an HTTP query against it. Add /allversions (e.g., https://simple-help.com/allversions) to query the URL for the version page. This page will list the running version.

    If an unpatched SimpleHelp version 5.5.7 or earlier is confirmed on a system, organizations should conduct threat hunting actions for evidence of compromise and continuously monitor for unusual inbound and outbound traffic from the SimpleHelp server. Note: This is not an exhaustive list of indicators of compromise.

    1.  Refer to SimpleHelp’s guidance to determine compromise and next steps.3
    2. Isolate the SimpleHelp server instance from the internet or stop the server process.
    3. Search for any suspicious or anomalous executables with three alphabetic letter filenames (e.g., aaa.exe, bbb.exe, etc.) with a creation time after January 2025. Additionally, perform host and network vulnerability security scans via reputable scanning services to verify malware is not on the system.
    4. Even if there is no evidence of compromise, users should immediately upgrade to the latest SimpleHelp version in accordance with SimpleHelp’s security vulnerabilities advisory.4

    If your organization is unable to immediately identify and patch vulnerable versions of SimpleHelp, apply appropriate workarounds. In this circumstance, CISA recommends using other vendor-provided mitigations when available. These non-patching workarounds should not be considered permanent fixes and organizations should apply the appropriate patch as soon as it is made available.

    Encrypted Downstream Customers and End Users

    If a system has been encrypted by ransomware:

    1. Disconnect the affected system from the internet.
    2. Use clean installation media (e.g., a bootable USD drive or DVD) to reinstall the operating system. Ensure the installation media is free from malware.
    3. Wipe the system and only restore data from a clean backup. Ensure data files are obtained from a protected environment to avoid reintroducing ransomware to the system.

    CISA urges you to promptly report ransomware incidents to a local FBI Field Office, FBI’s Internet Crime Compliant Center (IC3), and CISA via CISA’s 24/7 Operations Center (report@cisa.gov or 888-282-0870).

    Proactive Mitigations to Reduce Risk

    To reduce opportunities for intrusion and to strengthen response to ransomware activity, CISA recommends customers of vendors and managed service providers (MSPs) implement the following best practices:

    • Maintain a robust asset inventory and hardware list [CPG 1.A].
    • Maintain a clean, offline backup of the system to ensure encryption will not occur once reverted. Conduct a daily system backup on a separate, offline device, such as a flash drive or external hard drive. Remove the device from the computer after backup is complete [CPG 2.R].
    • Do not expose remote services such as Remote Desktop Protocol (RDP) on the web. If these services must be exposed, apply appropriate compensating controls to prevent common forms of abuse and exploitation. Disable unnecessary OS applications and network protocols on internet-facing assets [CPG 2.W].
    • Conduct a risk analysis for RMM software on the network. If RMM is required, ask third-party vendors what security controls are in place.
    • Establish and maintain open communication channels with third-party vendors to stay informed about their patch management process.
    • For software vendors, consider integrating a Software Bill of Materials (SBOM) into products to reduce the amount of time for vulnerability remediation.
      • An SBOM is a formal record of components used to build software. SBOMs enhance supply chain risk management by quickly identifying and avoiding known vulnerabilities, identifying security requirements, and managing mitigations for vulnerabilities. For more information, see CISA’s SBOM page.

    Resources

    Reporting

    Your organization has no obligation to respond or provide information back to FBI in response to this advisory. If, after reviewing the information provided, your organization decides to provide information to FBI, reporting must be consistent with applicable state and federal laws.

    FBI is interested in any information that can be shared, to include boundary logs showing communication to and from foreign IP addresses, a sample ransom note, communications with threat actors, Bitcoin wallet information, decryptor files, and/or a benign sample of an encrypted file.

    Additional details of interest include a targeted company point of contact, status and scope of infection, estimated loss, operational impact, transaction IDs, date of infection, date detected, initial attack vector, and host- and network-based indicators.

    CISA and FBI do not encourage paying ransom as payment does not guarantee victim files will be recovered. Furthermore, payment may also embolden adversaries to target additional organizations, encourage other criminal actors to engage in the distribution of ransomware, and/or fund illicit activities. Regardless of whether you or your organization have decided to pay the ransom, FBI and CISA urge you to promptly report ransomware incidents to FBI’s Internet Crime Complain Center (IC3), a local FBI Field Office, or CISA via the agency’s Incident Reporting System or its 24/7 Operations Center (report@cisa.gov) or by calling 1-844-Say-CISA (1-844-729-2472).

    SimpleHelp users or vendors can contact support@simple-help.com for assistance with queries or concerns.

    Disclaimer

    The information in this report is being provided “as is” for informational purposes only. CISA does not endorse any commercial entity, product, company, or service, including any entities, products, or services linked within this document. Any reference to specific commercial entities, products, processes, or services by service mark, trademark, manufacturer, or otherwise, does not constitute or imply endorsement, recommendation, or favor by CISA.

    Version History

    June 12, 2025: Initial version.

    Notes

    1. Anthony Bradshaw, et. al., “DragonForce Actors Target SimpleHelp Vulnerabilities to Attack MSP, Customers,” Sophos News, May 27, 2025, https://news.sophos.com/en-us/2025/05/27/dragonforce-actors-target-simplehelp-vulnerabilities-to-attack-msp-customers/.
    2. For instructions for upgrading to the latest version of SimpleHelp, see SimpleHelp’s security vulnerability advisory.
    3. To determine possibility of compromise and next steps, see SimpleHelp’s guidance.
    4. For instructions for upgrading to the latest version of SimpleHelp, see SimpleHelp’s security vulnerability advisory.

    MIL Security OSI

  • MIL-OSI: Matt Morgan Joins Netcapital Crypto Advisory Board

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, MA, June 12, 2025 (GLOBE NEWSWIRE) — Netcapital Inc. (Nasdaq: NCPL, NCPLW) (the “Company”), a digital private capital markets ecosystem, today announced that Matt Morgan has joined the Company’s newly established Crypto Advisory Board.

    A seasoned advisor to multiple blockchain ventures, Matt Morgan currently serves as an advisor to World Liberty Financial, a decentralized finance (DeFi) initiative backed by Donald Trump. He brings extensive expertise in digital asset strategy, decentralized systems, and the evolving regulatory landscape.

    Morgan joins an accomplished group of industry leaders on the Crypto Advisory Board, including Kyle Klemmer, Josh Meier, Eric Galen, Armondo Soto, and Noah Holmes.

    “The integration of blockchain, digital assets, and crypto with traditional finance presents an exciting opportunity for Netcapital to lead in shaping the future of capital formation,” said Martin Kay, CEO of Netcapital Inc. “We are excited to welcome Matt and the entire Crypto Advisory Board to the team as we pursue innovation at the intersection of fintech and decentralized finance.”

    In connection with their appointments, the Company has granted each Crypto Advisory Board member stock options under its 2023 Equity Incentive Plan.

    Company Also Announces PIPE Financing to Support Growth

    In a separate announcement, the Company issued an aggregate of 118,750 shares of its common stock at a purchase price of $4.00 per share, for gross proceeds of $475,000, in a private placement to ten accredited investors. The shares are subject to a price reset provision, which adjusts the effective purchase price in the event the Company issues additional equity securities at a lower price in the future. However, in accordance with Nasdaq Listing Rule 5635(d), the adjusted price shall not be lower than the “Minimum Price,” which is $2.56.

    The Company intends to use the net proceeds from the offering for general corporate purposes.

    The securities described above have not been registered under the Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. The Company has agreed to file a resale registration statement with the U.S. Securities and Exchange Commission (the “SEC”) covering the resale of the securities issued in the offering.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy, 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 Netcapital Inc.

    Netcapital Inc. is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. The Company’s consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies. The Company’s funding portal, Netcapital Funding Portal, Inc. is registered with the SEC and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities association. The Company’s broker-dealer, Netcapital Securities Inc., is also registered with the SEC and is a member of FINRA.

    Forward Looking Statements

    The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

    Investor Contact

    800-460-0815 ir@netcapital.com

    The MIL Network

  • MIL-OSI Russia: The 3rd Tianjin International Shipping Industry Expo Brings Significant Results

    Translation. Region: Russian Federal

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

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

    TIANJIN, June 12 (Xinhua) — The 3rd Tianjin International Shipping Expo opened Thursday in north China’s Tianjin Municipality, with agreements signed on 70 key projects with a total investment of over 40 billion yuan (about 5.6 billion U.S. dollars), organizers said.

    These projects cover important sectors such as marine equipment manufacturing, port and shipping logistics, trade, clean fuels and shipping finance.

    The projects will greatly enhance the city’s role as a northern international shipping hub and accelerate the integration of port, industry and urban development, a Tianjin Investment Promotion Authority official said.

    The EXPO, which includes nine thematic zones with a total area of over 50,000 square meters, is attended by over 440 enterprises, renowned ports and industry associations. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: China and EU central banks pledge to strengthen cooperation

    Translation. Region: Russian Federal

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

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

    BEIJING, June 12 (Xinhua) — The central banks of China and the European Union have vowed to strengthen cooperation amid a complex and volatile international environment.

    The corresponding intention was voiced at the first annual meeting of the governors of the People’s Bank of China (PBOC) and the European Central Bank (ECB), which was co-chaired in Beijing on Wednesday by PBOC Governor Pan Gongsheng and ECB President Christine Lagarde.

    The meeting included an in-depth exchange of views on topics such as the financial and economic situation in China and the eurozone, reform of the international monetary system and global financial regulation, as well as key areas of cooperation between the two central banks.

    The parties signed a memorandum of understanding on cooperation between the PBOC and the ECB, which provides for the establishment of a mechanism for annual meetings at the level of the heads of state, as well as further improvement of the cooperation framework in such areas as information sharing, communication on central bank policies and technical cooperation.

    Pan Gongsheng assured that China remains committed to advancing high-quality development through high-level opening-up and is willing to strengthen coordination and cooperation with other economies including the EU to jointly tackle global challenges.

    He also stressed that the PBOC expects to continue to maintain exchanges and cooperation with the ECB, effectively making use of the mechanism of the executive meetings as an important platform to strengthen policy communication and advance the cooperation between the two financial institutions to a new height.

    For her part, K. Lagarde pointed out the importance of deepening Chinese-European cooperation, noting that the signing of the memorandum of understanding is a confirmation of the ongoing dialogue with the PBOC. –0–

    MIL OSI Russia News

  • MIL-OSI Europe: Written question – Immediate need to protect primary residences and address the housing crisis in the European Union – E-002171/2025

    Source: European Parliament

    Question for written answer  E-002171/2025
    to the Commission
    Rule 144
    Elena Kountoura (The Left)

    In recent years, the housing crisis has taken on alarming proportions in many EU Member States, affecting an ever-increasing number of citizens who are unable to meet housing costs and their loan obligations.[1] In Greece in particular, the economic crisis dating back many years has led thousands of households to lose their primary residence through auctions.[2]

    Despite repeated calls for the protection of borrowers,[3] especially the vulnerable, in many cases their loans are sold to funds and debt management companies (servicers) at prices significantly lower than the original debt, without them having the opportunity to repurchase them on correspondingly favourable terms. Furthermore, the aggressive and inhumane collection practices applied by such actors intensify the pressures on borrowers and guarantors.[4]

    :

    • 1.What measures does the Commission intend to put in place to ensure full protection of primary residences at EU level, in particular for vulnerable citizens?
    • 2.Does the Commission intend to propose guidelines or legislative measures to prohibit the transfer of mortgage loans to servicers and funds, given the aggressive recovery practices they often follow?
    • 3.Does the Commission intend to propose the establishment of an EU framework for the early detection of repayment difficulties and the automatic activation of support measures, through the adoption of legislation allowing borrowers who have proven difficulty in meeting their loan obligations to have a priority right to redeem their loans at a discount or to secure more favourable repayment terms?

    Submitted: 30.5.2025

    • [1] In recent years, the social and economic impacts of this state of affairs have worsened, especially for vulnerable groups of the population, such as low-wage earners, single-parent families, people with disabilities, pensioners and young people. Forced evictions and auctions violate fundamental rights and lead to wider consequences, such as homelessness, social exclusion and the disruption of social cohesion and family life.
    • [2] The removal of primary residence protection resulted in a 5.8 % reduction in the homeownership rate between 2019 and 2023, from 75.4 % of the population to 69.6 %.
    • [3] With the establishment of minimum standards in the EU, such as a general moratorium on evictions, debt restructuring mechanisms, mandatory acceptance of the arrangement by servicers and funds, more favourable repayment terms, state guarantees, etc.
    • [4] Loan guarantors, who are often family members or close acquaintances, are also severely affected, facing the possible loss of their own home or property.
    Last updated: 12 June 2025

    MIL OSI Europe News

  • MIL-OSI Europe: MOTION FOR A RESOLUTION on the Clean Industrial Deal – B10-0278/2025

    Source: European Parliament

    Paolo Borchia, Isabella Tovaglieri, Julie Rechagneux, Jorge Buxadé Villalba, Ondřej Knotek, Filip Turek, Auke Zijlstra, Barbara Bonte, Jana Nagyová, Aleksandar Nikolic, Silvia Sardone, Raffaele Stancanelli
    on behalf of the PfE Group

    B10‑0278/2025

    European Parliament resolution on the Clean Industrial Deal

    (2025/2656(RSP))

    The European Parliament,

     having regard to the Commission communication of 26 February 2025 entitled ‘The Clean Industrial Deal: A joint roadmap for competitiveness and decarbonisation’ (COM(2025)0085),

     having regard to the Commission communication of 26 February 2025 entitled ‘Action Plan for Affordable Energy’ (COM(2025)0079),

     having regard to the Commission communication of 29 January 2025 entitled ‘A Competitiveness Compass for the EU’ (COM(2025)0030),

     having regard to the Commission communication of 5 March 2025 entitled ‘Industrial Action Plan for the European automotive sector’ (COM(2025)0095),

     having regard to the Commission communication of 11 December 2019 on the European Green Deal (COM(2019)0640),

     having regard to the questions to the Commission [XXXXX],

     having regard to Rules 142(5) and 136(2) of its Rules of Procedure,

     having regard to the motion for a resolution of the Committee on Industry, Research and Energy,

    A. whereas the Clean Industrial Deal was presented at a time of a serious competitiveness crisis; whereas it was supposed to represent the first step towards a decisive shift in pace and approach in EU policies, in order to safeguard businesses and industrial capacity across the EU;

    B. whereas European industry is facing fierce competition from global players, with competitors benefiting from public investment, lower energy prices and a favourable regulatory environment, which are factors that provide significant advantages and encourage the relocation of EU enterprises to non-EU countries; whereas in recent decades, the policies pursued by the Commission, causing overregulation in industrial matters and setting unreasonable and unattainable environmental targets, have contributed to the massive relocation of EU production to non-EU countries, resulting in significant job losses, desertification and deterioration of living conditions in certain regions, as well as a transfer of knowledge and increased dependencies in strategic sectors;

    C. whereas the implementation of the Fit for 55 package and other legislation under the Green Deal imposes stringent targets for the reduction of CO2 emissions, which undermine European industrial competitiveness; whereas the policies related to the Green Deal have shown serious drawbacks, especially in the current competitiveness crisis, such that a change of approach, including by revising the targets set and comprehensively reviewing the current legislation, appears to be crucial;

    1. Notes the publication of the Clean Industrial Deal and the announcement of upcoming initiatives by the Commission; expresses concern about their potential ineffectiveness and the risk of further harming the competitiveness of EU businesses; believes that forcing market change through legislative measures, rather than allowing it to be driven by business-led innovation, is a fundamentally flawed approach; calls for a decisive change of pace from the previous legislative term, including a thorough revision and repeal of pieces of legislation adopted under the framework of the Green Deal;

    2. Calls, in any case, for the implementation of the economically harmful policies of the Green Deal to be suspended, to enable a re-evaluation of their objectives and application; urges the Commission, moreover, to refrain from proposing a legislative initiative for an intermediate target of 90 % reductions in net greenhouse gas emissions by 2040;

    3. Expresses concern about the way in which the Commission drafts its legislative proposals and conducts impact assessments, which reveals a lack of full stakeholder involvement and in-depth analysis of the effects, including long-term, on competitiveness; stresses the importance of ensuring effective consultation with all stakeholders, including local and regional entities, in order to improve the accuracy of impact assessments, thus avoiding the need to revise regulations shortly after their adoption and reducing uncertainty in an environment already marked by the crisis;

    4. Urges the Commission to engage in structured sectoral dialogue with industry representatives, academia, social partners and relevant stakeholders from energy-intensive sectors, as well as cross-border regional industrial clusters, to ensure that policies are aligned with real industrial needs and challenges; affirms that well-targeted industrial policy, starting from a review of the EU decarbonisation objectives, is crucial to ensure a strong industrial base and to create and maintain high-quality jobs in the EU; affirms its commitment to fostering stable and predictable industrial policies that take into account the impact on the competitiveness of EU companies, and commits to upholding the principle of technology neutrality when adopting such policies, as a cornerstone for building competitive European industry;

    5. Notes the affordable energy action plan; strongly stresses the need for action aimed at reducing volatility and lowering the high energy prices that impact heavily on businesses and consumers; urges the Commission and the Member States, following adequate impact assessments and consultation with the stakeholders, to put forward ways to decouple electricity prices from fossil fuel prices; warns against Commission initiatives that could circumvent Treaty provisions assigning competence over the energy mix to the Member States;

    6. Expresses concern about the overly excessive focus of EU policies on electrification and renewables, which has been reaffirmed with the Clean Industrial Deal; states the need to promote a diversified energy mix that includes clean and low-carbon energy, in order to ensure security of energy supply and competitiveness; emphasises that relying solely on electrification will be extremely challenging for energy-intensive industries; stresses the indispensable role that natural gas will continue to play in the energy mix; reiterates the need to develop measures to ensure gas supply at a mitigated cost and calls on the Commission to ensure an improved, stable and certain regulatory framework; deplores the proposal to eliminate all subsidies for fossil fuels;

    7. Acknowledges that the electricity grid infrastructure plays an essential role in achieving the EU’s strategic autonomy; calls on the Member States to fully explore, optimise, modernise and expand their electricity grid capacities, including transmission and distribution, with technological neutrality as a core principle; considers electricity grids to be a central element in the transition to a competitive economy;

    8. Recalls the large-scale blackout that affected the Iberian Peninsula on 28 April 2025, leaving over 50 million people without electricity for several hours and causing severe disruption to transport, telecommunications and essential services; underlines that, at the time of the incident, renewable energy accounted for approximately 70 % of Spain’s electricity mix, and that only a few days earlier, on 16 April, the Spanish grid had operated entirely on renewable energy; highlights the fact that the blackout was caused by multiple factors, including the excessively high share of variable renewables, which contribute less to grid inertia compared to conventional power plants, making it more difficult to manage sudden frequency changes; strongly affirms, as a consequence, the need to adopt a technologically neutral approach in the planning, development and strengthening of electricity networks, in order to enable the safe integration of all technologies that support grid stability, especially in the context of growing energy demand; calls on the Member States to strengthen risk assessments related to systemic electricity shocks and to promote resilient, secure and technologically diversified grid models;

    9. Stresses the fundamental role that low-carbon hydrogen can play; calls for the swift adoption and implementation of a simple, technology-neutral and investment-friendly definition of low-carbon hydrogen in the upcoming delegated act[1], while ensuring that such a definition is robust and science-based, and incentivises hydrogen production; recognises that carbon management, including capture, storage, transport and utilisation, can play a role for hard-to-abate sectors;

    10. Supports the proposal to strengthen a European preference in public procurement processes, in the context of the revision of the public procurement framework in 2026, to the benefit of European businesses; considers this to be essential for enhancing supply chain security and fostering a resilient EU industrial base; remains strongly sceptical about the announced industrial decarbonisation accelerator act and about the extension of new sustainability criteria to the EU budget and national support programmes, as well as to public and private procurement benefiting energy-intensive industries; remains critical of the proposal to introduce new environmental criteria in addition to the many that are already in place, as well as the introduction of environmental labelling for industrial products, which risks creating additional administrative burdens for companies;

    11. Affirms the need to create a favourable environment for investment that is capable of discouraging the relocation of industrial activities outside the EU; recognises the importance of increasing and encouraging both public and private investment in the energy, industry and transport sectors; takes note of the announced creation of a competitiveness fund and calls for this to be an instrument of genuine support for businesses; calls for an EU State aid framework in support of industrial transformation and modernisation, in line with the principle of technology neutrality, also enabling existing plants to access funding for technology upgrades, thereby safeguarding employment and economic stability; expects the new framework to address these needs; expresses its firm opposition to any new own resources and EU-level taxes;

    12. Notes the plan for the automotive sector and the measure for additional flexibility for the calculation of manufacturers’ compliance with CO2 emissions performance standards; considers this insufficient and largely inadequate to address the challenges faced by the sector; urges the Commission to promptly review Regulation (EU) 2019/631[2], particularly by lifting the ban on combustion engine vehicles and removing the sanctions regime; strongly emphasises that technological neutrality is crucial for ensuring sustainable and competitive industry, and calls, therefore, on the Commission to revise the regulation accordingly by fully considering all relevant technological developments, including biofuels;

    13. Notes that raw materials supply remains a strategic vulnerability, with the EU heavily dependent on non-EU suppliers for critical raw materials, requiring an urgent scaling-up of domestic mining, refining and battery recycling capabilities in a technology neutral, publicly accepted way; recalls the need to implement the Critical Raw Materials Act[3] and the Net Zero Industry Act[4] properly and to significantly strengthen industrial and raw materials diplomacy to access new markets via trade and partnership agreements, as well as special critical raw materials access agreements; stresses the crucial importance of catalysing investment to develop a domestic supply chain, ensuring its competitiveness and strategic autonomy;

    14. Stresses that the European Court of Auditors has highlighted[5] the Commission’s inability to achieve the target of capturing 20 % of the global semiconductor market by 2030 through the Chips Act[6]; calls, therefore, on the Commission to confront reality and revise its strategy accordingly, by setting clearer and more measurable objectives, ensuring proportionate and secured funding and promoting the integration of small and medium-sized enterprises (SMEs) throughout the entire semiconductor value chain;

    15. Stresses that EU industry is struggling not only a result of European environmental policies but also because of the overregulation that characterised the previous legislative term; urges the Commission to launch a broad process of genuine simplification and, where appropriate, deregulation; endorses simplification and digitalisation for speeding up administrative procedures; notes the omnibus simplification packages recently presented by the Commission; observes that these highlight flawed or missing impact assessments in the adoption of a number of major legislative measures during the previous term, such as the Corporate Sustainability Reporting Directive[7] and the Corporate Sustainability Due Diligence Directive[8]; affirms the need, in the current context of overregulation and excessive administrative burdens, as well as heavy obligations on businesses, to repeal this legislation; underlines, in any event, the importance of safeguarding smaller enterprises;

    16. Affirms the need to create a truly enabling environment for SMEs, which have been particularly affected by the crisis and represent 99 % of all European businesses; recalls the importance of avoiding any form of discrimination against small businesses that choose to remain small, while continuing to contribute to the economic and social prosperity of the territories in which they operate; calls for accessible funding for SMEs and small mid-caps and further improvements and harmonisation to simplify funding applications, reduce reporting obligations and fast-track small projects; stresses that the new EU-level statute for small mid-caps must not compromise or alter the current classification of micro, small and medium-sized enterprises; underlines that the establishment of the small mid-caps category should not divert attention or resources away from micro and small enterprises, which have distinct needs and priorities; calls, therefore, on the Commission to adopt the necessary measures and safeguards, and to establish thresholds that reflect the actual conditions regarding turnover and number of employees in the Member States;

    17. Notes the proposed simplification of the carbon border adjustment mechanism (CBAM) in the first omnibus package; recalls that the CBAM was introduced to compensate for the effect of the EU emissions trading system (ETS) in order to tackle carbon leakage; underlines that the CBAM, as currently designed, in parallel with the phasing out of the ETS free allowances, will not ensure a level playing field and will undermine competitiveness by increasing production costs and the administrative burden for EU companies; calls for the ETS and the CBAM to be entirely reassessed in the upcoming revision;

    18. Expresses concern about the ongoing negotiations on the reform of Regulation (EU) 2019/452[9], which establishes a framework for the screening of foreign direct investment into the Union; is particularly concerned about the excessive centralisation of control in the hands of the Commission at the expense of the authority of Member States, including those that already have effective national measures in place to protect strategic sectors that are crucial to national interest; underlines that national security and maintenance of public order are, in fact. exclusive Member State competences;

    19. Stresses the critical importance of preserving industrial activity and employment in the EU; warns that misguided industrial policies can have severe repercussions on jobs; underlines the urgent need to equip the European workforce with the necessary skills to adapt to the ongoing digital and industrial transformations, especially in remote and rural areas; calls for increased investment and a comprehensive industrial skills strategy; calls for the adoption of effective measures to address the alarming phenomenon of brain drain;

    20. Instructs its President to forward this resolution to the Commission, the Council and the governments and parliaments of the Member States.

    MIL OSI Europe News

  • MIL-OSI Europe: Hearings – Public Hearing on the Impact of EU Support to Decent Jobs in Partner Countries – 25-06-2025 – Committee on Development

    Source: European Parliament

    Supporting decent and sustainable jobs, as a driver for eradicating poverty and inequality, is a key objective for the EU’s international partnerships. But what impact do aid and investments, including through Global Gateway projects, really have? Experts and stakeholders will present new measurement tools and best practices in creating decent employment in partner countries, to develop practical recommendations for enhancing the EU’s future engagement and Parliament’s oversight.

    Supporting decent and sustainable jobs, as a driver for eradicating poverty and inequality, is a key objective for the EU’s international partnerships. But what impact do aid and investments, including through Global Gateway projects, really have? On 25 June, 10.30-12.30, experts and Members will discuss new measurement tools, as well as best practices in creating decent employment in partner countries. The Hearing will be chaired by Barry Andrews, Chair of the DEVE Committee, and moderated by Udo Bullmann and Hildegard Bentele, Standing Rapporteurs on Global Gateway. Panellists include experts from the University of London, the ILO, the African Development Bank, the International Trade Union Confederation – Africa and the International Organisation of Employers. Takeaways from the Hearing will feed into the DEVE committee’s monitoring of the NDICI-Global Europe instrument, as well as the AFET-DEVE own-initiative report on “Global Gateway: past impact and future orientations”.

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Diverting ships to third-country ports – E-001500/2025(ASW)

    Source: European Parliament

    All sectors, including maritime transport, need to contribute to the EU climate neutrality goal by 2050. The EU Emissions Trading System (ETS) and FuelEU Maritime are key policies to achieve this objective.

    In its report[1] on the monitoring of the implementation of the ETS Directive[2] in relation to maritime transport, the Commission did assess trends on port connectivity using data on port liner shipping connectivity index.

    The analysis revealed no significant difference in the evolution of connectivity of EU transhipment ports compared to neighbouring non-EU transhipment ports. It, however, showed the high impact of the Red Sea crisis on maritime traffic in 2024.

    The Commission also assessed planned investments in ports, both in the EU and neighbouring countries, showing no noticeable turnaround compared to ongoing trends.

    The Commission will continue closely monitoring the situation, and will take action if needed. The Commission will also continue analysing greenhouse gas emissions in its regular annual reports, with the next one covering 2024 data expected towards the end of the year.

    The forthcoming EU Port Strategy will look at all major issues facing ports. It will notably focus on security and competitiveness. Social aspects, including the need to ensure safe and secure working conditions, will also be covered.

    The implementing act[3] identifying neighbouring container transhipment ports must be updated every two years. The next update is foreseen by end 2025, based on the criteria defined in the legislation.

    • [1]  COM(2025) 110 final — https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex:52025DC0110.
    • [2] Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC (OJ L 275, 25.10.2003, p. 32).
    • [3] Commission Implementing Regulation (EU) 2023/2297 of 26 October 2023 identifying neighbouring container transhipment ports pursuant to Directive 2003/87/EC of the European Parliament and of the Council.
    Last updated: 12 June 2025

    MIL OSI Europe News

  • MIL-OSI: Micron HBM Designed into Leading AMD AI Platform

    Source: GlobeNewswire (MIL-OSI)

    A Media Snippet accompanying this announcement is available in this link.

    BOISE, Idaho, June 12, 2025 (GLOBE NEWSWIRE) — Micron Technology, Inc. (Nasdaq: MU) today announced the integration of its HBM3E 36GB 12-high offering into the upcoming AMD Instinct™ MI350 Series solutions. This collaboration highlights the critical role of power efficiency and performance in training large AI models, delivering high-throughput inference and handling complex HPC workloads such as data processing and computational modeling. Furthermore, it represents another significant milestone in HBM industry leadership for Micron, showcasing its robust execution and the value of its strong customer relationships.

    Micron HBM3E 36GB 12-high solution brings industry-leading memory technology to AMD Instinct™ MI350 Series GPU platforms, providing outstanding bandwidth and lower power consumption.1 The AMD Instinct MI350 Series GPU platforms, built on AMD advanced CDNA 4 architecture, integrate 288GB of high-bandwidth HBM3E memory capacity, delivering up to 8 TB/s bandwidth for exceptional throughput. This immense memory capacity allows Instinct MI350 series GPUs to efficiently support AI models with up to 520 billion parameters—on a single GPU. In a full platform configuration, Instinct MI350 Series GPUs offers up to 2.3TB of HBM3E memory and achieves peak theoretical performance of up to 161 PFLOPS at FP4 precision, with leadership energy efficiency and scalability for high-density AI workloads. This tightly integrated architecture, combined with Micron’s power-efficient HBM3E, enables exceptional throughput for large language model training, inference and scientific simulation tasks—empowering data centers to scale seamlessly while maximizing compute performance per watt. This joint effort between Micron and AMD has enabled faster time to market for AI solutions.

    “Our close working relationship and joint engineering efforts with AMD optimize compatibility of the Micron HBM3E 36GB 12-high product with the Instinct MI350 Series GPUs and platforms. Micron’s HBM3E industry leadership and technology innovations provide improved TCO benefits to end customers with high performance for demanding AI systems,” said Praveen Vaidyanathan, vice president and general manager of Cloud Memory Products at Micron.

    “The Micron HBM3E 36GB 12-high product is instrumental in unlocking the performance and energy efficiency of AMD Instinct™ MI350 Series accelerators,” said Josh Friedrich, corporate vice president of AMD Instinct Product Engineering at AMD. “Our continued collaboration with Micron advances low-power, high-bandwidth memory that helps customers train larger AI models, speed inference and tackle complex HPC workloads.”

    Micron HBM3E 36GB 12-high product is now qualified on multiple leading AI platforms. For more information on Micron’s HBM product portfolio, visit: High-bandwidth memory | Micron Technology Inc.

    Additional Resources:

    About Micron Technology, Inc.

    Micron Technology, Inc. is an industry leader in innovative memory and storage solutions, transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND, and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.

    © 2025 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.

    Micron Product and Technology Communications Contact:
    Mengxi Liu Evensen
    +1 (408) 444-2276
    productandtechnology@micron.com

    Micron Investor Relations Contact
    Satya Kumar
    +1 (408) 450-6199
    satyakumar@micron.com

    ____________________________
    1
    Data rate testing estimates are based on shmoo plot of pin speed performed in a manufacturing test environment. Power and performance estimates are based on simulation results of workload uses cases.

    The MIL Network

  • MIL-OSI USA: Murkowski Welcomes Eielson AFB Announcement on Microreactor Pilot Program

    US Senate News:

    Source: United States Senator for Alaska Lisa Murkowski
    06.12.25
    Washington, DC – Today, U.S. Senator Lisa Murkowski (R-AK) welcomed the United States Department of the Air Force’s (DAF) Notice of Intent to Award the microreactor pilot project at Eielson Air Force Base (AFB). This announcement clears the way for the DAF and the Nuclear Regulatory Commission to prepare an environmental analysis.
    Microreactors are small nuclear reactors that can be transportable, offering operational flexibility that can benefit remote and rural communities. Senator Murkowski is a long-time advocate of microreactor technology, providing support for small modular and microreactors through her work on the Senate Appropriations Committee, the Energy Act, and the Infrastructure Investment and Jobs Act (IIJA). She has also worked to secure key policy provisions to advance innovative energy technologies through the National Defense Authorization Act (NDAA) and in her capacity as a senior member of the Energy and Natural Resources Committee.
    “This announcement, though long-delayed, is a very welcome development and brings us one step closer to having this critical next generation of clean, baseload energy technology to help power our communities,” said Senator Murkowski. “Microreactors have the potential to provide safe and affordable energy to remote rural areas, which is why I’ve been spearheading investment in this technology in Congress for years.”

    MIL OSI USA News

  • MIL-OSI USA: Congressional Delegation Introduce Chugach Alaska Land Exchange and Oil Spill Recovery Act

    US Senate News:

    Source: United States Senator for Alaska Lisa Murkowski
    06.12.25
    Washington, DC — U.S. Senators Lisa Murkowski and Dan Sullivan and U.S. Representative Nick Begich (all R-Alaska), introduced the Chugach Alaska Land Exchange and Oil Spill Recovery Act to direct a land exchange between the federal government and Chugach Alaska Corporation (Chugach). This exchange would resolve conflicts that exist between the Exxon Valdez Oil Spill (EVOS) Trustee Council’s Habitat Protection Program (the “Program”) goals for federal habitat conservation of surface lands impacted by EVOS and Alaska Native Claims Settlement Act (ANCSA) promises to Chugach for economic development of subsurface rights under these same lands. 
    The land exchange directed by this legislation would require Chugach to trade 231,000 acres of subsurface estate (under surface fee and conservation easements on surface land owned by the federal government) for 65,403 acres of fee simple land owned by the federal government. Most of the lands that would be exchanged were identified in the Chugach Region Land Study and Report to Congress from December 2022.  Congress directed the study in Section 1113 of the John D. Dingell, Jr. Conservation, Management and Recreation Act (Public Law 116-9; 133 Stat. 614) which Murkowski authored.
    “The effects of the Exxon Valdez oil spill on Native people in the Chugach region are still felt –environmentally, socially and economically. We must continue to take steps to move forward with recovery and that includes fulfilling the promises of ANCSA to Chugach, the Alaska Native Regional Corporation,” Senator Murkowski said. “I am proud to reintroduce this legislation, which is a “win-win” for Chugach and the federal government’s EVOS program goals.”
    “In the aftermath of the Exxon Valdez spill, Chugach Alaska Corporation not only had to deal with the devastating environmental consequences for the region, but also misguided federal restrictions on their ability to develop resources on their lands,” said Senator Sullivan. “Senator Murkowski, Congressman Begich and I are reintroducing legislation to amend ANCSA—as has been done many times throughout history—and facilitate a commonsense land exchange already studied extensively by BLM and the Forest Service. Our legislation will help address the evolving needs of Prince William Sound communities and create economic opportunities and cultural benefits for thousands of Alaska Native shareholders in the Chugach region, as intended under ANCSA.”
    “This land exchange corrects a decades-old misstep that has kept Chugach shareholders from fully benefiting from their own land and resources. With this legislation, we’re protecting our resources while restoring the rights of Alaska Native landowners,” said Congressman Begich. “I am proud to lead this legislation in the House and look forward to working with the delegation to continue restoring Alaska’s right to self-determination and ensuring responsible stewardship of our state’s resources.”
    “We are deeply grateful to Senator Lisa Murkowski, Senator Dan Sullivan, and Representative Nick Begich for their unwavering leadership and advocacy on behalf of Chugach and our people and communities,” said Sheri Buretta, Chairman of the Chugach Board. “Their decision to reintroduce this legislation underscores the significance of this exchange resolving long-standing split-estate conflicts in the region — not only for our corporation, but for the broader public interest, the State of Alaska, and the federal government. Chugach stands ready to work in close partnership with Congress, federal agencies, and all stakeholders to help advance this process. Our commitment to cooperation is rooted in a shared vision of responsible stewardship, economic opportunity, and enduring respect for our connection to these lands that have sustained our people for millennia.”?
    BACKGROUND:
    On March 24, 1989, the Exxon Valdez oil spill discharged approximately 11 million gallons of crude oil (enough to fill 17 Olympic-sized swimming pools) into Prince William Sound and adjoining waters in Alaska. It was one of the most environmentally damaging disasters in world history.
    The Chugach Region experienced great social and economic harm from the oil spill. Government recovery efforts, though well-intentioned, also had negative impacts and did not always include the voices of the Alaska Native people who have stewarded these lands for millennia. Thirty-five years later, the people and the environment are still recovering.
    Through Section 1113 of the John D. Dingell, Jr. Conservation, Management and Recreation Act of 2019 (sponsored by Murkowski; Public Law 116-9), Congress directed the Secretary of the Interior, in coordination with the Secretary of Agriculture and in consultation with Chugach Alaska Corporation, to conduct a study and provide a report to Congress assessing the social and economic impacts of the EVOS Trustee Council’s Program on Chugach, Chugach lands, and on the Chugach Region. The study was also required to identify sufficient acres of accessible and economically viable federal land that could be exchanged with Chugach.
    Under the Program, the Trustee Council used funds acquired from the companies responsible for EVOS to purchase fee title to 134,121 acres of surface estate lands, and purchased conservation easements on an additional 66,073 acres of surface estate lands, from four of the five Village Corporations in the Chugach Region that had been conveyed to them under ANCSA. Chugach was not a party to any of these acquisitions but owns the subsurface, or mineral estate, for all of the lands in which interests were acquired by the federal government from the Village Corporations under the Program.
    Some surface lands and conservation easements on surface lands acquired by the federal government under the Program went into the state and federal park systems, but most went into the Chugach National Forest, managed by the U.S. Forest Service.
    The EVOS Program lands (fee surface estate lands and conservation easement lands) are subject to restrictions on any surface development that is inconsistent with maintaining their wilderness characteristics. Therefore, Chugach is effectively prohibited from taking any steps to develop its subsurface interests and needs alternative lands to realize the meaningful economic benefits promised in ANCSA.

    MIL OSI USA News

  • MIL-OSI USA: Durbin Presses Attorney General On Ed Martin’s Planned Partisan Weaponization Of Justice Department

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin
    June 12, 2025
    After his failed nomination to be U.S. Attorney for DC, Ed Martin was installed in various Justice Department roles and has publicly vowed to target Trump’s enemies
    WASHINGTON – U.S. Senate Democratic Whip Dick Durbin (D-IL), Ranking Member of the Senate Judiciary Committee, pressed Attorney General Pam Bondi on Ed Martin’s stated plans to abuse his positions at the Department of Justice (DOJ) to help President Trump’s friends and punish his perceived enemies.
    After Mr. Martin’s failed nomination to be U.S. Attorney for D.C. was withdrawn, President Trump appointed him to serve in non-Senate-confirmed positions like Pardon Attorney and Director of the Weaponization Working Group. He is the first political appointee to ever hold the role of Pardon Attorney.
    Durbin began by citing concerning comments by Mr. Martin at a DOJ press conference on May 13 and subsequent interview with Tucker Carlson, writing: “Following his disgraceful tenure as Interim U.S. Attorney for the District of Columbia, Mr. Martin apparently plans to continue his misconduct in his new roles at DOJ… These statements are a brazen admission that Mr. Martin plans to systemically violate the Justice Manual’s prohibition on extrajudicial statements by shaming uncharged parties for nakedly partisan reasons.  This plan clearly violates Mr. Martin’s obligations under the D.C. Rules of Professional Conduct, which prohibit prosecutors from ‘mak[ing] extrajudicial comments which serve to heighten condemnation of the accused.’ Weaponizing DOJ in this manner will further undermine the public’s trust in the department in irreparable ways.”
    Durbin continued by highlighting several abuses of power by Mr. Martin since becoming Pardon Attorney, writing: “As the first political appointee to ever hold this position, Mr. Martin has overseen pardons of numerous Trump supporters and donors. Last month President Trump pardoned nursing home executive Paul Walczak for tax fraud just three weeks after Walczak’s mother paid $1 million to attend a Trump fundraiser. He pardoned Todd and Julie Chrisley, conservative reality television stars and ‘vocal supporters of President Trump,’ for bank fraud and tax evasion. The President pardoned Trevor Milton, founder of Nikola electric vehicle company, after Milton donated nearly $2 million to the Trump campaign last year. He also pardoned former Republican Congressmen Michael Grimm for tax fraud and former Republican Governor John Rowland for public corruption. In the aftermath of these scandalous pardons, Mr. Martin tweeted: ‘No MAGA left behind.’”
    Durbin then cited Mr. Martin’s personal advocacy for pardoning violent insurrectionists, writing: “Mr. Martin has also personally advocated pardoning Proud Boys, Oath Keepers, and others who were convicted of seditious conspiracy for their role in planning and instigating the violence against law enforcement on January 6, 2021. These 11 individuals already received commutations of their sentences from President Trump on January 20, 2025, despite showing no remorse for their crimes. No developments in the four months since their commutations justify any consideration of their pardon applications, yet Mr. Martin has fast-tracked them for consideration by the White House immediately after their submission.”
    Durbin then renewed two delinquent oversight requests from letters sent to Attorney General Bondi regarding the pardons of January 6th insurrectionists and the presidential pardon power.
    Durbin concluded with a request for memoranda, correspondence, and other records authorizing Mr. Martin to pursue these plans and their legal justification.
    For a PDF copy of the letter to Attorney General Bondi, click here.
    -30-

    MIL OSI USA News

  • MIL-OSI USA: Chairman Carter Delivers Opening Statement at Subcommittee on Health Hearing on Strengthening Domestic Manufacturing and Our Health Care Supply Chain

    Source: United States House of Representatives – Congressman Earl L Buddy Carter (GA-01)

    Headline: Chairman Carter Delivers Opening Statement at Subcommittee on Health Hearing on Strengthening Domestic Manufacturing and Our Health Care Supply Chain

     WASHINGTON, D.C. – Rep. Earl L. “Buddy” Carter (R-GA), Chairman of the Subcommittee on Health, delivered the following opening statement at today’s hearing titled Made In America: Strengthening Domestic Manufacturing And The Health Care Supply Chain.

    Subcommittee Chairman Carter’s opening statement as prepared for delivery:

    “Today’s hearing is critical in addressing our nation’s reliance on adversarial countries for essential medications and health care products. This dependence not only jeopardizes our national security and patient safety, but also highlights the urgent need to increase domestic and friend-shored manufacturing.

    “Let me be clear: The United States should never be dependent on the Chinese Communist Party for the antibiotics and essential medicines. But that’s exactly the dangerous position we are in today.

    “In 2002, the United States manufactured 72 percent of the pharmaceuticals it consumed. By 2023, that number had dropped to just 37.5 percent. We didn’t just outsource manufacturing—we outsourced the sovereignty and safety of our health care system.

    “We saw the impacts of this reliance firsthand during the COVID-19 pandemic. According to a conversation I had with the Administration for Strategic Preparedness and Response, or ASPR, under the Trump Administration, the United States saw a downtick in the amount of PPE and pharmaceuticals coming to our country from China in the fall of 2019. We didn’t learn about COVID-19 until January 2020.

    “China knew there was an unidentified sickness in its own country, concealed it, and then withheld medical supplies so the United States was less prepared when COVID-19 hit our shores.

    “As both a pharmacist and a member of Congress, I know how critical these medicines and supplies are — especially for our national security. Under the Biden-Harris Administration, over 323 drugs were in shortage during the first quarter of 2024 – an all-time high – and cancer patients were often forced to switch treatments, adjust dosage regimens, or, in extreme cases, unable to receive their lifesaving medications. There was no comprehensive effort to support American manufacturers or reduce our reliance on foreign supply chains.

    “That is unacceptable.

    “Thankfully, President Trump is taking meaningful action by demanding real investment in our domestic production base and putting an end to decades of failed ‘America Last’ policies that left our supply chains hollowed out and put our patients, constituents, and families at risk.

    “Under the leadership of President Trump, we are bringing manufacturing back to America. Since the start of this year – the start of President Trump’s second term – Johnson & Johnson broke ground on a new $2 billion facility in North Carolina, Amgen announced a $900 million manufacturing expansion in Ohio, AbbVie committed $10 billion to invest in the United States, and Sanofi announced plans to invest at least $20 billion. 

    “And these are just a few examples. This is just the start. 

    “I look forward to hearing from my other colleagues about the recent investments in their districts and states during this hearing today, and I am thrilled to see what additional investments continue to flow and thrive under an Administration focused on unleashing innovation and bringing capacities back home. 

    “Along those lines, I commend recent efforts by this Administration to bolster domestic production, but we must do our part in Congress as well. This hearing will make it clear that more can be done to eliminate burdensome regulatory barriers, streamline processes that impede our competitiveness on the global stage, and establish the proper incentives to ensure we are creating the environment to allow innovation to flourish. 

    “It is no coincidence that Georgia – the No. 1 state in the nation to do business – is home to Manus Bio, who has invested nearly $60 million and created over 100 jobs with the acquisition of a new manufacturing facility in Augusta. We need more policies at the federal level that mirror the pro-growth examples we have in the state of Georgia. 

    “That is why House Republicans passed the One Big Beautiful Bill Act, which incentivizes domestic medical supply production by rewarding companies that build their products in America, like USAntibiotics, who is the last remaining end-to-end domestic U.S. manufacturer of amoxicillin, the most prescribed antibiotic in the country. 

    “This is about protecting American lives, empowering American workers, restoring American sovereignty, and reinforcing U.S. leadership in medical innovation.

    “China is not our friend. Every product component that then turns into a vial of medicine or a piece of medical equipment that is made in China is a missed opportunity to strengthen our economy and protect our people.

    “It is time to act. We need to view pharmaceutical and health care supply chain independence just as we are viewing energy independence. I am proud to stand with President Trump and all those committed to putting America First in our health care system—starting with the medicines we rely on every day.”

    MIL OSI USA News

  • MIL-OSI: AMD Unveils Vision for an Open AI Ecosystem, Detailing New Silicon, Software and Systems at Advancing AI 2025

    Source: GlobeNewswire (MIL-OSI)

    — Only AMD powers the full spectrum of AI, bringing together leadership GPUs, CPUs, networking and open software to deliver unmatched flexibility and performance —

    — Meta, OpenAI, xAI, Oracle, Microsoft, Cohere, HUMAIN, Red Hat, Astera Labs and Marvell discussed how they are partnering with AMD for AI solutions —

    SANTA CLARA, Calif., June 12, 2025 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) delivered its comprehensive, end-to-end integrated AI platform vision and introduced its open, scalable rack-scale AI infrastructure built on industry standards at its 2025 Advancing AI event.

    AMD and its partners showcased:

    • How they are building the open AI ecosystem with the new AMD Instinct™ MI350 Series accelerators
    • The continued growth of the AMD ROCm™ ecosystem
    • The company’s powerful, new, open rack-scale designs and roadmap that bring leadership rack-scale AI performance beyond 2027

    “AMD is driving AI innovation at an unprecedented pace, highlighted by the launch of our AMD Instinct MI350 series accelerators, advances in our next generation AMD ‘Helios’ rack-scale solutions, and growing momentum for our ROCm open software stack,” said Dr. Lisa Su, AMD chair and CEO. “We are entering the next phase of AI, driven by open standards, shared innovation and AMD’s expanding leadership across a broad ecosystem of hardware and software partners who are collaborating to define the future of AI.”

    AMD Delivers Leadership Solutions to Accelerate an Open AI Ecosystem
    AMD announced a broad portfolio of hardware, software and solutions to power the full spectrum of AI:

    • AMD unveiled the Instinct MI350 Series GPUs, setting a new benchmark for performance, efficiency and scalability in generative AI and high-performance computing. The MI350 Series, consisting of both Instinct MI350X and MI355X GPUs and platforms, delivers a 4x, generation-on-generation AI compute increasei and a 35x generational leap in inferencingii, paving the way for transformative AI solutions across industries. MI355X also delivers significant price-performance gains, generating up to 40% more tokens-per-dollar compared to competing solutionsiii. More details are available in this blog from Vamsi Boppana, AMD SVP, AI.
    • AMD demonstrated end-to-end, open-standards rack-scale AI infrastructure—already rolling out with AMD Instinct MI350 Series accelerators, 5th Gen AMD EPYC™ processors and AMD Pensando™ Pollara NICs in hyperscaler deployments such as Oracle Cloud Infrastructure (OCI) and set for broad availability in 2H 2025.
    • AMD also previewed its next generation AI rack called “Helios.” It will be built on the next-generation AMD Instinct MI400 Series GPUs – which compared to the previous generation are expected to deliver up to 10x more performance running inference on Mixture of Experts modelsiv, the “Zen 6”-based AMD EPYC “Venice” CPUs and AMD Pensando “Vulcano” NICs. More details are available in this blog post.
    • The latest version of the AMD open-source AI software stack, ROCm 7, is engineered to meet the growing demands of generative AI and high-performance computing workloads—while dramatically improving developer experience across the board. ROCm 7 features improved support for industry-standard frameworks, expanded hardware compatibility and new development tools, drivers, APIs and libraries to accelerate AI development and deployment. More details are available in this blog post from Anush Elangovan, AMD CVP of AI Software Development.
    • The Instinct MI350 Series exceeded AMD’s five-year goal to improve the energy efficiency of AI training and high-performance computing nodes by 30x, ultimately delivering a 38x improvementv. AMD also unveiled a new 2030 goal to deliver a 20x increase in rack-scale energy efficiency from a 2024 base yearvi, enabling a typical AI model that today requires more than 275 racks to be trained in fewer than one fully utilized rack by 2030, using 95% less electricityvii. More details are available in this blog post from Sam Naffziger, AMD SVP and Corporate Fellow.
    • AMD also announced the broad availability of the AMD Developer Cloud for the global developer and open-source communities. Purpose-built for rapid, high-performance AI development, users will have access to a fully managed cloud environment with the tools and flexibility to get started with AI projects – and grow without limits. With ROCm 7 and the AMD Developer Cloud, AMD is lowering barriers and expanding access to next-gen compute. Strategic collaborations with leaders like Hugging Face, OpenAI and Grok are proving the power of co-developed, open solutions.

    Broad Partner Ecosystem Showcases AI Progress Powered by AMD
    Today, seven of the 10 largest model builders and Al companies are running production workloads on Instinct accelerators. Among those companies are Meta, OpenAI, Microsoft and xAI, who joined AMD and other partners at Advancing AI, to discuss how they are working with AMD for AI solutions to train today’s leading AI models, power inference at scale and accelerate AI exploration and development:

    • Meta detailed how Instinct MI300X is broadly deployed for Llama 3 and Llama 4 inference. Meta shared excitement for MI350 and its compute power, performance-per-TCO and next-generation memory. Meta continues to collaborate closely with AMD on AI roadmaps, including plans for the Instinct MI400 Series platform.
    • OpenAI CEO Sam Altman discussed the importance of holistically optimized hardware, software and algorithms and OpenAI’s close partnership with AMD on AI infrastructure, with research and GPT models on Azure in production on MI300X, as well as deep design engagements on MI400 Series platforms.
    • Oracle Cloud Infrastructure (OCI) is among the first industry leaders to adopt the AMD open rack-scale AI infrastructure with AMD Instinct MI355X GPUs. OCI leverages AMD CPUs and GPUs to deliver balanced, scalable performance for AI clusters, and announced it will offer zettascale AI clusters accelerated by the latest AMD Instinct processors with up to 131,072 MI355X GPUs to enable customers to build, train and inference AI at scale.
    • HUMAIN discussed its landmark agreement with AMD to build open, scalable, resilient and cost-efficient AI infrastructure leveraging the full spectrum of computing platforms only AMD can provide.
    • Microsoft announced Instinct MI300X is now powering both proprietary and open-source models in production on Azure.
    • Cohere shared that its high-performance, scalable Command models are deployed on Instinct MI300X, powering enterprise-grade LLM inference with high throughput, efficiency and data privacy.
    • Red Hat described how its expanded collaboration with AMD enables production-ready AI environments, with AMD Instinct GPUs on Red Hat OpenShift AI delivering powerful, efficient AI processing across hybrid cloud environments.
    • Astera Labs highlighted how the open UALink ecosystem accelerates innovation and delivers greater value to customers and shared plans to offer a comprehensive portfolio of UALink products to support next-generation AI infrastructure.
    • Marvell joined AMD to highlight its collaboration as part of the UALink Consortium developing an open interconnect, bringing the ultimate flexibility for AI infrastructure.

    Supporting Resources

    • Learn more about the event here.
    • Access the AAI 2025 press kit here.
    • Learn more about AMD AI solutions here.
    • Connect with AMD on Linkedin
    • Follow AMD on X: AMD, AMD AI

    About AMD
    For more than 55 years, AMD has driven innovation in high-performance computing, graphics, and visualization technologies. Hundreds of millions of consumers, Fortune 500 businesses, and leading scientific research facilities around the world rely on AMD technology to improve how they live, work, and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit www.amd.com.

    Cautionary Statement
    This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) such as the features, functionality, performance, availability, timing and expected benefits of AMD products and roadmaps; AMD’s AI platform; and AMD’s partner ecosystem, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as “would,” “may,” “expects,” “believes,” “plans,” “intends,” “projects” and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this press release are based on current beliefs, assumptions and expectations, speak only as of the date of this press release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and generally beyond AMD’s control, that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: Intel Corporation’s dominance of the microprocessor market and its aggressive business practices; Nvidia’s dominance in the graphics processing unit market and its aggressive business practices; competitive markets in which AMD’s products are sold; the cyclical nature of the semiconductor industry; market conditions of the industries in which AMD products are sold; AMD’s ability to introduce products on a timely basis with expected features and performance levels; loss of a significant customer; economic and market uncertainty; quarterly and seasonal sales patterns; AMD’s ability to adequately protect its technology or other intellectual property; unfavorable currency exchange rate fluctuations; ability of third party manufacturers to manufacture AMD’s products on a timely basis in sufficient quantities and using competitive technologies; availability of essential equipment, materials, substrates or manufacturing processes; ability to achieve expected manufacturing yields for AMD’s products; AMD’s ability to generate revenue from its semi-custom SoC products; potential security vulnerabilities; potential security incidents including IT outages, data loss, data breaches and cyberattacks; uncertainties involving the ordering and shipment of AMD’s products; AMD’s reliance on third-party intellectual property to design and introduce new products; AMD’s reliance on third-party companies for design, manufacture and supply of motherboards, software, memory and other computer platform components; AMD’s reliance on Microsoft and other software vendors’ support to design and develop software to run on AMD’s products; AMD’s reliance on third-party distributors and add-in-board partners; impact of modification or interruption of AMD’s internal business processes and information systems; compatibility of AMD’s products with some or all industry-standard software and hardware; costs related to defective products; efficiency of AMD’s supply chain; AMD’s ability to rely on third party supply-chain logistics functions; AMD’s ability to effectively control sales of its products on the gray market; long-term impact of climate change on AMD’s business; impact of government actions and regulations such as export regulations, tariffs and trade protection measures, and licensing requirements; AMD’s ability to realize its deferred tax assets; potential tax liabilities; current and future claims and litigation; impact of environmental laws, conflict minerals related provisions and other laws or regulations; evolving expectations from governments, investors, customers and other stakeholders regarding corporate responsibility matters; issues related to the responsible use of AI; restrictions imposed by agreements governing AMD’s notes, the guarantees of Xilinx’s notes, the revolving credit agreement and the ZT Systems credit agreement; impact of acquisitions, joint ventures and/or strategic investments on AMD’s business and AMD’s ability to integrate acquired businesses, including ZT Systems; AMD’s ability to sell the ZT Systems manufacturing business; impact of any impairment of the combined company’s assets; political, legal and economic risks and natural disasters; future impairments of technology license purchases; AMD’s ability to attract and retain qualified personnel; and AMD’s stock price volatility. Investors are urged to review in detail the risks and uncertainties in AMD’s Securities and Exchange Commission filings, including but not limited to AMD’s most recent reports on Forms 10-K and 10-Q.

    AMD, the AMD Arrow logo, EPYC, AMD CDNA, AMD Instinct, Pensando, ROCm, Ryzen, and combinations thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.

    __________________________

    i Based on calculations by AMD Performance Labs in May 2025, to determine the peak theoretical precision performance of eight (8) AMD Instinct™ MI355X and MI350X GPUs (Platform) and eight (8) AMD Instinct MI325X, MI300X, MI250X and MI100 GPUs (Platform) using the FP16, FP8, FP6 and FP4 datatypes with Matrix. Server manufacturers may vary configurations, yielding different results. Results may vary based on use of the latest drivers and optimizations.
    MI350-004

    iiMI350-044: Based on AMD internal testing as of 6/9/2025. Using 8 GPU AMD Instinct™ MI355X Platform measuring text generated online serving inference throughput for Llama 3.1-405B chat model (FP4) compared 8 GPU AMD Instinct™ MI300X Platform performance with (FP8). Test was performed using input length of 32768 tokens and an output length of 1024 tokens with concurrency set to best available throughput to achieve 60ms on each platform, 1 for MI300X (35.3ms) and 64ms for MI355X platforms (50.6ms). Server manufacturers may vary configurations, yielding different results. Performance may vary based on use of latest drivers and optimizations.

    iii Based on performance testing by AMD Labs as of 6/6/2025, measuring the text generated inference throughput on the LLaMA 3.1-405B model using the FP4 datatype with various combinations of input, output token length with AMD Instinct™ MI355X 8x GPU, and published results for the NVIDIA B200 HGX 8xGPU. Performance per dollar calculated with current pricing for NVIDIA B200 available from Coreweave website and expected Instinct MI355X based cloud instance pricing. Server manufacturers may vary configurations, yielding different results. Performance may vary based on use of latest drivers and optimizations. Current customer pricing as of June 10, 2025, and subject to change. MI350-049

    iv MI400-001: Performance projection as of 06/05/2025 using engineering estimates based on the design of a future AMD Instinct MI400 Series GPU compared to the Instinct MI355x, with 2K and 16K prefill with TP8, EP8 and projected inference performance, and using a GenAI training model evaluated with GEMM and Attention algorithms for the Instinct MI400 Series. Results may vary when products are released in market. (MI400-001)

    v EPYC-030a: Calculation includes 1) base case kWhr use projections in 2025 conducted with Koomey Analytics based on available research and data that includes segment specific projected 2025 deployment volumes and data center power utilization effectiveness (PUE) including GPU HPC and machine learning (ML) installations and 2) AMD CPU and GPU node power consumptions incorporating segment-specific utilization (active vs. idle) percentages and multiplied by PUE to determine actual total energy use for calculation of the performance per Watt. 38x is calculated using the following formula: (base case HPC node kWhr use projection in 2025 * AMD 2025 perf/Watt improvement using DGEMM and TEC +Base case ML node kWhr use projection in 2025 *AMD 2025 perf/Watt improvement using ML math and TEC) /(Base case projected kWhr usage in 2025). For more information, https://www.amd.com/en/corporate/corporate-responsibility/data-center-sustainability.html.

    vi AMD based advanced racks for AI training/inference in each year (2024 to 2030) based on AMD roadmaps, also examining historical trends to inform rack design choices and technology improvements to align projected goals and historical trends. The 2024 rack is based on the MI300X node, which is comparable to the Nvidia H100 and reflects current common practice in AI deployments in 2024/2025 timeframe. The 2030 rack is based on an AMD system and silicon design expectations for that time frame. In each case, AMD specified components like GPUs, CPUs, DRAM, storage, cooling, and communications, tracking component and defined rack characteristics for power and performance. Calculations do not include power used for cooling air or water supply outside the racks but do include power for fans and pumps internal to the racks.
    Performance improvements are estimated based on progress in compute output (delivered, sustained, not peak FLOPS), memory (HBM) bandwidth, and network (scale-up) bandwidth, expressed as indices and weighted by the following factors for training and inference.

    Training FLOPS HBM BW Scale-up BW
    Inference 70.0% 10.0% 20.0%
      45.0% 32.5% 22.5%
           

    Performance and power use per rack together imply trends in performance per watt over time for training and inference, then indices for progress in training and inference are weighted 50:50 to get the final estimate of AMD projected progress by 2030 (20x). The performance number assumes continued AI model progress in exploiting lower precision math formats for both training and inference which results in both an increase in effective FLOPS and a reduction in required bandwidth per FLOP.

    vii AMD estimated the number of racks to train a typical notable AI model based on EPOCH AI data (https://epoch.ai). For this calculation we assume, based on these data, that a typical model takes 1025 floating point operations to train (based on the median of 2025 data), and that this training takes place over 1 month. FLOPs needed = 10^25 FLOPs/(seconds/month)/Model FLOPs utilization (MFU) = 10^25/(2.6298*10^6)/0.6. Racks = FLOPs needed/(FLOPS/rack in 2024 and 2030). The compute performance estimates from the AMD roadmap suggests that approximately 276 racks would be needed in 2025 to train a typical model over one month using the MI300X product (assuming 22.656 PFLOPS/rack with 60% MFU) and <1 fully utilized rack would be needed to train the same model in 2030 using a rack configuration based on an AMD roadmap projection. These calculations imply a >276-fold reduction in the number of racks to train the same model over this six-year period. Electricity use for a MI300X system to completely train a defined 2025 AI model using a 2024 rack is calculated at ~7GWh, whereas the future 2030 AMD system could train the same model using ~350 MWh, a 95% reduction. AMD then applied carbon intensities per kWh from the International Energy Agency World Energy Outlook 2024 [https://www.iea.org/reports/world-energy-outlook-2024]. IEA’s stated policy case gives carbon intensities for 2023 and 2030. We determined the average annual change in intensity from 2023 to 2030 and applied that to the 2023 intensity to get 2024 intensity (434 CO2 g/kWh) versus the 2030 intensity (312 CO2 g/kWh). Emissions for the 2024 baseline scenario of 7 GWh x 434 CO2 g/kWh equates to approximately 3000 metric tC02, versus the future 2030 scenario of 350 MWh x 312 CO2 g/kWh equates to around100 metric tCO2.

    Contact: 
    Brandi Martina 
     AMD Communications 
    (512) 705-1720 
    Brandi.martina@amd.com 

    Liz Stine
    AMD Investor Relations 
    +1 720-652-3965
    liz.stine@amd.com

    The MIL Network

  • MIL-OSI Russia: Boeing says it is in contact with Air India regarding the Boeing 787 crash in India

    Translation. Region: Russian Federal

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

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

    SAN FRANCISCO, June 12 (Xinhua) — Boeing on Thursday said it is in contact with Air India over the crash of Flight 171 in India.

    “We are in contact with Air India regarding Flight 171 and stand ready to support them. Our thoughts are with the passengers, crew, rescuers and all those affected,” the company said in a statement.

    According to the Aviation Safety Network, the crash was the first involving a Boeing 787.

    An Air India plane bound for London with 242 people on board, including two pilots and 10 crew, crashed shortly after takeoff from an airport in the western Indian state of Gujarat on Thursday.

    According to Air India, the aircraft took off from Ahmedabad at 13:38 local time /07:38 GMT/. –0–

    MIL OSI Russia News

  • MIL-OSI USA: Governor Stein Announces JetZero Selects North Carolina for $4 Billion Airplane Manufacturing Hub, Creating 14,500 Jobs in Guilford County in Largest Job Commitment in State History

    Source: US State of North Carolina

    Headline: Governor Stein Announces JetZero Selects North Carolina for $4 Billion Airplane Manufacturing Hub, Creating 14,500 Jobs in Guilford County in Largest Job Commitment in State History

    Governor Stein Announces JetZero Selects North Carolina for $4 Billion Airplane Manufacturing Hub, Creating 14,500 Jobs in Guilford County in Largest Job Commitment in State History
    lsaito

    Raleigh, NC

    Today Governor Josh Stein announced JetZero, Inc., a breakthrough aviation company, will invest more than $4.7 billion in Greensboro to build its first commercial airplane manufacturing facility at the Piedmont Triad International Airport. The project will create more than 14,560 jobs for Guilford County by 2063, the largest economic development project in North Carolina history based on job commitment.

     

    “I am thrilled to welcome JetZero and its 14,000 good-paying jobs and unprecedented innovation to Guilford County,” said Governor Josh Stein. “From first in flight to now the future of flight, North Carolina and our skilled workforce is soaring.”

     

    JetZero is a start-up airplane designer and manufacturer of the Z4, a blended-wing body jet, which blends the wings and fuselage, enabling the entire wingspan to produce lift. Founded in 2020, the California-based company has partnerships with NASA, Siemens, United Airlines, Alaska Airlines, and suppliers including RTX and BAE Systems. JetZero will build an advanced manufacturing facility for a first-of-its-kind commercial all-wing jet, as well as a state-of-the-art research and development center for composite structures. Its unique design uses technological advancements to help lower carbon emissions, burn less fuel, and enhance the experience of its travelers. 

      

    “North Carolina offers the ideal combination of talent, infrastructure, and forward-thinking leadership to support our mission to reshape aviation,” said Tom O’Leary, CEO and co-Founder of JetZero. “This facility is a critical milestone in bringing our all-wing Z4 to market. I applaud the leadership of Governor Josh Stein and his team as well as the leadership of the North Carolina General Assembly, and whole host of local leaders and organizations for working with us to bring JetZero to North Carolina, the birthplace of aviation.”

     

    “With an internationally recognized aerospace cluster of more than 400 companies and major aviation hubs across the state, North Carolina is a top choice for manufacturers and suppliers,” said N.C. Commerce Secretary Lee Lilley. “JetZero will benefit from our Tier 1 research institutions and community colleges, ecosystem of industry partnerships, and strong infrastructure, helping them soar in North Carolina and beyond.”

     

    New jobs for the company include engineers, manufacturing specialists, and technicians. While salaries for the positions will vary, the average annual salary is expected to be $89,340, which exceeds the Guilford County average of $60,195. These new jobs could create a potential annual payroll impact of more than $1.3 billion for the region.

     

    JetZero’s operation in North Carolina will be facilitated, in part, by a Transformative-class Job Development Investment Grant (JDIG) awarded to JetZero, Inc., which was approved by the state’s Economic Investment Committee earlier today. Over the course of the 37-year term of this grant, the project is estimated to grow the state’s economy by $259.4 billion. Using a formula that takes into account the new tax revenues generated by the 14,564 new jobs and capital investment, the JDIG agreement authorizes the potential reimbursement to the company of up to $1,017,775,800, spread over 37 years. 

     

    Should JetZero create and maintain at least 10,000 jobs, the threshold for the JDIG’s transformative qualities will be reached, which allows for grant payments to be made for up to 29 years as long as performance targets are maintained.

     

    Like all grants from the JDIG program, any state payments only occur following performance verification each year by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets.

     

    The project’s projected return on investment of public dollars is 274 percent, meaning for every dollar of potential cost to the state, the state receives $3.74 in state revenue. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company.

     

    Because JetZero chose a site in Guilford County, classified by the state’s economic tier system as Tier 2, the company’s JDIG agreement also calls for moving as much as $113 million into the state’s Industrial Development Fund – Utility Account.  The Utility Account helps rural communities anywhere in the state finance necessary infrastructure upgrades to attract future business.

     

    The state also anticipates providing additional support of publicly owned infrastructure to the project by means of a state appropriation of as much as $450 million, to cover site preparations; road, water, and wastewater improvements, as well as the construction of the manufacturing and research and development facility. The funding will be administered by the N.C. Department of Commerce and provided to Piedmont Triad International Airport, the N.C. Department of Transportation, and the City of Greensboro.

     

    “JetZero’s decision to come to the Triad solidifies North Carolina’s status as a leader in aerospace innovation,” said Senator Phil Berger, President Pro Tempore of the North Carolina Senate. “Our state’s high-tech manufacturing renaissance wouldn’t be possible without the General Assembly’s commitment to creating a business-friendly environment by lowering taxes, cutting red tape, and supporting world-class educational opportunities.”  

     

    “With 14,000 new jobs and nearly $5 billion dollars in investment, this project represents a transformational step forward for Guilford County and North Carolina,” said Senator Sydney Batch, Senate Democratic Leader. “Projects like this create a ripple effect that strengthens our entire state by supporting families, growing local economies, and creating more promising futures for everyone. I’m so grateful for the hard work Governor Stein, Secretary Lilley, and the Commerce Department put in to bring this across the finish line.”

     

    “Today’s announcement is a huge win for Greensboro, Guilford County, and our entire state,” said Speaker of the House Destin Hall. “JetZero’s decision to build its cutting-edge aerospace facility here proves what we’ve long known — North Carolina’s strong business environment makes our state ripe for innovation. This $4.7 billion investment and the creation of over 14,000 high-paying jobs will be a generational boost for our workforce and our future.”  

     

    “I am proud to see JetZero choose the Triad as the site of their new facility,” said Representative Robert Reives, House Democratic Leader. “Our state has some of the brightest talent in the world who are up to this challenge. We will continue to attract these investments and cement our state’s status as the place for aerospace manufacturing in the nation and world.”

     

    “This announcement is a transformative win for Guilford County and the entire state of North Carolina,” said Senator Michael Garrett. “The magnitude of this investment is a vote of confidence in our world-class workforce to fill these great-paying jobs, and proof that our community is an ideal place for new companies and ideas to launch into a bright future.”  

     

    “Today is a celebration of the intentional efforts that we’re making to transition the Triad to an innovation economy,” said Representative John Blust. “This is an historic day for all of us, and we applaud the collaboration of elected officials, economic developers, and workforce professionals throughout the state that helped JetZero make their decision to call Greensboro and PTI home.”

    In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in this project include the North Carolina General Assembly, the North Carolina Department of Transportation, the North Carolina Community College System, Guilford Tech Community College, Forsyth Tech Community College, the University of North Carolina System, North Carolina A&T State University, North Carolina State University, University of North Carolina at Charlotte, Golden LEAF Foundation, Duke Energy, Piedmont Natural Gas, Piedmont Triad Airport Authority, Piedmont Triad Partnership, Guilford County Economic Development Alliance, Guilford County, GuilfordWorks, Forsyth County, the Greensboro Chamber, High Point Economic Development Corporation, Greater Winston-Salem, Inc., City of Greensboro, City of High Point, and City of Winston-Salem.

    When career opportunities at JetZero become available, they will be posted to NCworks.gov, the state’s leader in connecting employers with skilled talent

    Jun 12, 2025

    MIL OSI USA News

  • MIL-OSI: Logent Group acquires HUB logistics Finland Oy and announces the intention to issue subsequent notes

    Source: GlobeNewswire (MIL-OSI)

    Logent Finland Bidco Oy, an indirect subsidiary of SSCP Lager BidCo AB (publ) (“Logent” or the “Company”) has entered into an agreement with the shareholders of the Finnish entity HUB logistics Finland Oy (“HUB logistics” or the “Target”) to acquire all the shares in the Target (the “Acquisition”). The closing of the Acquisition is expected to take effect on 23 June 2025 and is subject to customary conditions precedents.

    Logent has mandated Nordea Bank Abp and Pareto Securities AS as joint bookrunners to arrange credit investor meetings commencing on 13 June 2025 for the placement of subsequent senior secured notes under the terms and conditions of the Company’s outstanding notes loan 2023/2026 with ISIN SE0021021193 (the “Subsequent Notes Issue”). A capital markets transaction with an expected volume of SEK 200 million will follow. The Company has received binding subscription applications corresponding to the full amount of the Subsequent Notes Issue.

    The net proceeds from the Subsequent Notes Issue will be applied towards consummation of the Acquisition, financing transaction costs and general corporate purposes. Following the Subsequent Notes Issue, the aggregate outstanding nominal amount under the notes loan is expected be SEK 1,050 million.

    The Acquisition in brief and financial effects

    Joining forces in Finland will complement Logent’s and HUB logistics’ strengths, service offerings and enhance the value Logent can deliver to its customers in the Finnish market and in Northern Europe more broadly.

    After closing of the Acquisition, Logent is expected to generate rolling 12-month pro forma Net Sales of approximately SEK 2.7 billion and Adj. EBITDA (pre-IFRS 16) of approximately SEK 270 million, as of the first quarter of 2025. The incurrence testing date for the Subsequent Notes Issue will be 3 June, 2025, at which the Company reports a pro forma net debt position (incl. consummation of the Acquisition) of approximately SEK 1,010 million (pre-IFRS 16).

    Nordea Bank Abp and Pareto Securities AS are acting as Joint Bookrunners in connection with the Subsequent Notes Issue. Snellman Advokatbyrå AB acts as legal advisor to the Company and Gernandt & Danielsson Advokatbyrå KB acts as legal advisor to the Joint Bookrunners.

    For further information, please contact:

    Joel Engström, CEO, telephone number: +46 734 36 36 29, joel.engstrom@logent.se

    This information is of the type that SSCP Lager BidCo AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact persons set out above, on 12-06-2025 at 20:12 CET/CEST.

    About Logent Group
    Logent is an independent logistics partner, with a Nordic base present in Northern Europe and global networks. We have a wide range of services and create value for our customers through guaranteed cost and quality improvements. Our service offer include Logistics Services such as Warehouse design and operations, Transport Management and Customs, Port and Terminal operations, Staffing Services and Consulting Services. This means that Logent has grown to a turnover of about SEK 2.4 billion from the start in 2006 and employs approximately 2,800 people in Northern Europe.

    Attachment

    The MIL Network

  • MIL-OSI USA: Lee Introduces the Open America’s Waters Act to Repeal Jones Act, Boost Coastal Trade

    US Senate News:

    Source: United States Senator for Utah Mike Lee
    WASHINGTON – U.S. Senator Mike Lee (R-UT) introduced the Open America’s Waters Act today to deregulate America’s coastal trade and alleviate the energy crisis by repealing the outdated Jones Act. Rep. Tom McClintock (R-CA) introduced a companion bill in the U.S. House of Representatives.
    “Outdated regulations from the Jones Act have deepened the energy crisis and heightened prices for Americans on goods from our own country,” said Senator Mike Lee. “American producers have been forced into dangerous workarounds like importing their energy resources from Russia. The Open America’s Waters Act will cut this 105-year-old red tape to alleviate the energy crisis, bring prices down for Americans, and protect our national security from adversarial nations.”
    “The Jones Act is outdated in a global economy. It enriches a very small special interest at the expense of every consumer in America,” said Rep. McClintock. “Repealing this restrictive and counterproductive law is vital for the new golden age that President Trump has envisioned.” 
    Background:
    The Open America’s Waters Act would repeal the Jones Act, an outdated and particularly demanding regulation on America’s coastal trade. The Jones Act requires all goods transported by water between U.S. ports to be carried on a vessel that was constructed and registered in the U.S., and is both owned and primarily crewed by U.S. citizens. 
    While these requirements were originally touted in 1920 as necessary for America’s national security, they have actually endangered it by severely limiting access to critical energy sources and incentivizing American companies to contract with adversarial nations in their efforts to comply with its stipulations. Additionally, the elevated costs associated with compliance result in higher prices for Americans on goods produced in their own country.
    Attempts to comply with the Jones Act have forced American producers to choose expensive and even politically risky transportation options. For example, cattle ranchers in Hawaii have opted for expensive planes rather than boats to transport cattle to the mainland. Puerto Rico imports jet fuel from Venezuela – benefitting the human rights-violating Maduro regime – rather than nearby Gulf Coast refineries. And because there are no compliant specialty carriers capable of transporting LNG or propane gas, Massachusetts and Puerto Rico have had to import LNG from adversarial Russia.
    The Open America’s Waters Act would repeal the outdated Jones Act regulations to cut red tape for American producers, improve national security by disincentivizing contracts with adversarial nations, and bring down prices for American consumers.
    The Open America’s Waters Act would:
    Repeal the 105-year-old Jones Act regulations requiring all goods transported by water between U.S. ports to be carried on a vessel: (1) Constructed in the U.S., (2) Registered in the U.S., (3) Owned by U.S. Citizens, and (4) Primarily crewed by U.S. citizens.
    Read the full text of the legislation here.

    MIL OSI USA News

  • MIL-OSI USA: ICYMI—Hagerty Joins Varney & Co. on Fox Business to Discuss Illegal Immigration, Sanctuary City Legislation, CCP Influence

    US Senate News:

    Source: United States Senator for Tennessee Bill Hagerty

    WASHINGTON—Today, United States Senator Bill Hagerty (R-TN), a member of the Senate Appropriations, Banking, and Foreign Relations Committees and former U.S. Ambassador to Japan, joined Varney & Co. on Fox Business to discuss Democrats supporting illegal immigration for political power, his legislation to withhold funding from sanctuary cities, and the Chinese Communist Party’s malign influence on the United States.

    *Click the photo above or here to watch*

    Partial Transcript

    Hagerty on Democrats supporting illegal immigration: “What they’re not saying is what’s so obvious to all of us. They’re creating these sanctuaries as magnets. They want these magnets to attract illegal aliens. They want these illegal aliens, because why? They want to increase the count for the census. So, they can get more congressional districts and more electoral votes in their states. That’s precisely what’s happening. That’s why we should outlaw this. We should not allow the counting of illegal aliens in the census for allocating congressional seats and electoral votes. They know that. But that’s exactly why they’re using this as a magnet, and they’re not cooperating with federal law. You’ve seen the chaos in the streets. You’ve got illegal aliens running around with flags of other countries and burning the American flag. These are criminals that are disrespecting the United States of America. And I think we need to make it clear the United States is not a sanctuary nation, nor are any of these cities allowed to be sanctuary cities.”

    Hagerty on his legislation to withhold funding from sanctuary cities: “Well, here’s what you can do, and I’m doing it today: I’m bringing out legislation that will stop the flow of community development block grants to these sanctuary cities. If you’re a sanctuary city, we’re going to withhold the funding for community development block grants. They’ll start to see it when on the Appropriations Committee and the Banking Committee, we’re able to put pressure on the funding of these cities that seem to rely so much on the federal [dollar]. Yet, they want to act as if they’re independent at the same time.”

    Hagerty on the CCP’s malign influence within the U.S.: “It is strong, but what’s happening to us is very strong, and we need to wake up to it. The most recent case of agroterrorism, very deeply concerning, bringing in bio-terrorism material here that could destroy crops in America. You think about a spy balloon that was floated over our country. I think the worst defense of all is the fact that China continues to send fentanyl and fentanyl precursors into the United States through Mexico, through their partners there. And they launder the money from these Mexican partners, or these other cartels from Venezuela, you name it. The crime that’s being fueled here in America has fingerprints of the CCP all over it. And if you think about what’s happening on our campuses, Confucius institutes, the attempts, basically, to indoctrinate young people. You think about the content on TikTok here in America versus what kids see in China. They see educational programming in China. On TikTok here, something very, very different. So, it’s deeply concerning and something that we ought to acknowledge as a nation and address.”

    MIL OSI USA News

  • MIL-OSI USA: Warren, Stansbury Press Trump on Musk’s and DOGE’s Failures, Offer Recommendations to Cut Waste, Lower Costs Without Hurting Middle-Class Americans

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    June 12, 2025

    Lawmakers’ recommendations would save U.S. government more than $2 trillion over next decade while making everyday Americans better off; provide stark contrast to Republican bill that would cut health coverage for millions

    “Mr. Musk’s efforts at DOGE were never truly about cutting waste….DOGE pushed reckless policies that gutted essential services and ousted experienced civil servants, all while reducing oversight and increasing profits for Mr. Musk’s companies.”

    Text of Letter (PDF)

    Washington, D.C. – U.S. Senator Elizabeth Warren (D-Mass.) and Representative Melanie Stansbury (D-N.M.), Ranking Member of the House Subcommittee for Delivering on Government Efficiency, wrote to President Donald Trump, pressing him on Elon Musk’s and the Department of Government Efficiency (DOGE)’s failures to cut government waste and lower costs. The lawmakers laid out a set of recommendations that would, in stark contrast to Republican proposals, eliminate $2 trillion in wasteful government spending without slashing critical government programs and causing economic chaos.

    The letter follows a public feud between Trump and Musk, which began shortly after Musk’s departure from the White House. It also comes as Republicans jam through Trump’s “Big Beautiful Bill,” which includes multi-trillion-dollar tax cuts for the rich, paid for by massive cuts to Americans’ health care coverage.

    “It is time to eliminate the real waste, fraud, and abuse in government spending, rather than ravaging programs that keep Americans safe, secure, and healthy just to pay for tax cuts for billionaires and large corporations,” wrote the lawmakers. “You should learn from Elon Musk and DOGE’s mistakes, end your attacks on critical federal programs, and instead act on these recommendations.”

    The lawmakers highlighted DOGE’s failure to identify and eliminate waste, fraud, and abuse — instead, Musk’s approach increased costs and suffering for Americans. DOGE’s “wall of receipts” included significant errors and misinformation. Musk’s efforts to gut up to 10% of the federal workforce were found to have created “exponentially larger waste.” When DOGE did make cuts to the federal budget, they seemingly ran afoul of the law.

    “In a futile search for fraud in the wrong places, and an ill-informed effort to slash the federal workforce, DOGE has imposed more costs on American taxpayers than it has saved, all while helping Elon Musk’s business empire and DOGE employees’ pockets,” wrote the lawmakers.

    As an alternative to DOGE’s failures, the lawmakers offered recommendations to reduce wasteful government spending, eliminate unfair loopholes and giveaways to the wealthiest Americans, make the government more efficient and effective, and save taxpayers at least $2 trillion over the next decade.

    “Although Mr. Musk and DOGE have failed at achieving their purported savings goals, you could choose to end this government waste while avoiding dangerous cuts to important federal programs,” wrote the lawmakers.

    The lawmakers’ recommendations include: cracking down on healthcare profiteering, negotiating better contracts for the Department of Defense, saving on education programs, cutting waste and abuse in the federal tax code, keeping the federal government’s cloud and other IT markets competitive, and reducing waste in unnecessary federal arrests and detention programs.

    “Our recommendations would save the U.S. government more than $2 trillion over the next decade. Meanwhile, your tax cuts for the ultra-wealthy would cost U.S. taxpayers $4 trillion over the same period,” concluded the lawmakers. “It is time to eliminate the real waste, fraud, and abuse in government spending, rather than ravaging programs that keep Americans safe, secure, and healthy just to pay for tax cuts for billionaires and large corporations.”

    In April, Senator Warren and Representative Stansbury introduced the SGE Ethics Enforcement & Reform (SEER) Act, a bill to strengthen transparency and ethics requirements for Special Government Employees (SGEs). The bill would have reined in Elon Musk while he was in the SGE role by restricting certain SGEs from officially communicating with agencies and offices that regulate or contract with large companies owned by the SGE.

    To mark 130 days of Elon Musk’s government service as an SGE, Senator Warren recently published a report detailing 130 acts of Musk’s corruption. While serving as an SGE and leading DOGE, Musk maintained extensive financial conflicts of interest through his ownership of or stake in several private and publicly traded companies including Tesla, SpaceX, X and xAI, the Boring Company, and Neuralink.

    Senator Warren first wrote to Musk in January with 30 proposals that would cut at least $2 trillion of wasteful government spending over the next decade. She has identified numerous instances of waste, fraud, and abuse in government during her twelve years in Congress and repeatedly called out unsustainable spending, abusive practices and programs, and government contractors that line their pockets at taxpayers’ expense.

    MIL OSI USA News

  • MIL-OSI USA: NEWS: Sanders, King Introduce Bill to Ban Prescription Drug Ads

    US Senate News:

    Source: United States Senator for Vermont – Bernie Sanders

    WASHINGTON, June 12 – Sen. Bernie Sanders (I-Vt.), Ranking Member of the Senate Committee on Health, Education, Labor, and Pensions (HELP), and Sen. Angus King (I-Maine) today introduced the End Prescription Drug Ads Now Act, legislation that would ban prescription drug advertising on television, radio, print, digital platforms and social media. The bill would also answer Health and Human Services Secretary Robert F. Kennedy Jr.’s repeated calls to end prescription drug advertising, a position he promoted while campaigning for President Trump in 2024. 

    “The American people are sick and tired of greedy pharmaceutical companies spending billions of dollars on absurd TV commercials pushing their outrageously expensive prescription drugs,” Sanders said. “With the exception of New Zealand, the United States is the only country in the world where it is legal for pharmaceutical companies to advertise their drugs on television. It is time for us to end that international embarrassment. The American people don’t want to see misleading and deceptive prescription drug ads on television. They want us to take on the greed of the pharmaceutical industry and ban these bogus ads.” 

    “The widespread use of direct-to-consumer advertising by pharmaceutical companies drives up costs and doesn’t necessarily make patients healthier,” King said. “The End Prescription Drug Ads Now Act would prohibit direct-to-consumer advertising of pharmaceutical drugs to protect people. This bill is a great step to ensure that patients are getting the best information possible and from the right source: their providers and not biased advertisements.” 

    Last year, the 10 largest drug companies made more than $100 billion in profits while the pharmaceutical industry spent over $5 billion on television ads. Prescription drug commercials now account for more than 30% of commercial time on major networks’ evening news programs. In the first three months of this year, Big Pharma spent more than $725 million advertising just 10 drugs. Meanwhile, the American people pay, by far, the highest prices in the world for prescription drugs and one in four Americans cannot afford the costs of the medicine their doctors prescribe. 

    Banning direct-to-consumer pharmaceutical advertising is not a radical idea. In addition to Secretary Kennedy, the American Medical Association endorsed a ban a decade ago. Studies have shown that more than half of prescription drug ads are misleading or false, causing many Americans to underestimate the associated risks. Harvard researchers found that the majority of the most advertised drugs had little to no therapeutic benefit compared to existing prescription drugs. America’s seniors are particularly at risk of being misled as pharmaceutical companies strategically target them by pushing high-priced medications that may cause them harm. 

    For example, in 2010, Eli Lilly spent $205 million on direct-to-consumer ads and made $3.2 billion in sales for the antidepressant drug Cymbalta, despite Food and Drug Administration (FDA) findings that the company’s ads made unsupported and misleading claims of effectiveness and minimized its safety risks. Merck spent $300 million marketing the painkiller Vioxx and made $2.5 billion in sales, despite finding in 2000 that their product raised the risk of heart attacks and strokes. Dr. David Graham, a senior FDA official, testified in 2004 that Merck’s failure to stop selling Vioxx had resulted in as many as 55,000 unnecessary deaths from heart attacks and stroke. 

    Drug companies are also spending huge amounts of money on prescription drugs that cost, in some cases, more than ten times as much in the United States than other countries. In 2023, Novo Nordisk spent $263 million on direct-to-consumer ads for Wegovy and $208 million on ads for Ozempic. Today, Novo Nordisk charges nearly $1,000 a month for Ozempic in the United States, while this same exact drug can be purchased for just $59 in Germany, $71 in France, $122 in Denmark, and $155 in Canada. Novo Nordisk also charges Americans with obesity $1,349 a month for Wegovy while this same exact product can be purchased for just $92 in the United Kingdom, $137 in Germany, $186 in Denmark and $265 in Canada. 

    Joining Sanders and King as cosponsors of the legislation are Sens. Chris Murphy (D-Conn.), Peter Welch (D-Vt.), Jeff Merkley (D-Ore.) and Dick Durbin (D-Ill). 

    Read the bill text here. 

    Read a summary of the bill here. 

    MIL OSI USA News

  • MIL-OSI USA: Warnock Successfully Pushes Trump Administration to Rehire Hundreds of Unfairly Fired CDC Workers

    US Senate News:

    Source: United States Senator Reverend Raphael Warnock – Georgia

    Warnock Successfully Pushes Trump Administration to Rehire Hundreds of Unfairly Fired CDC Workers

    Following a months-long pressure campaign from Senator Reverend Warnock, the Centers for Disease Control and Prevention is reportedly reinstating more than 400 people who were unfairly fired
    The news follows previous successful efforts by Senator Warnock to pressure the administration to reinstate CDC probationary staff and fellows who work on public health threats
    Senator Reverend Warnock: “I have been pressuring this administration for months to reinstate unfairly fired workers at the CDC so they can continue doing the critical work of keeping our families and communities safe from infectious diseases and other public health crises. I’m glad they have heard our calls to reverse course”

    Washington, D.C. – Today, U.S. Senator Reverend Raphael Warnock (D-GA) released the following statement regarding his successful efforts to push the Trump Administration to rehire unfairly fired workers at the Georgia-based CDC:

    “The rehiring of hundreds of dedicated health workers, many of whom call Georgia home, is welcome news for those of us who believe that public health is vital to our wellbeing and safety—not a political game. I have been pressuring this administration for months to reinstate unfairly fired workers at the CDC so they can continue doing the critical work of keeping our families and communities safe from infectious diseases and other public health crises. I’m glad they have heard our calls to reverse course and have seen the results of their reckless mistakes and rehired some of these workers. But we must remain vigilant, because this administration is determined to dismantle our public health system, which ensures our food and water are safe, our brave servicemembers stay healthy when serving abroad, and top researchers have the resources they need to combat heart disease, maternal mortality, cancer, and diabetes. I will continue to call for all these unjustly fired workers to be rehired,” said Senator Reverend Warnock.

    Last month during a Senate Finance Committee hearing, Senator Warnock demanded answers from the nominee to be the Deputy Secretary at the Department of Health and Human Services (HHS) about the wrongful firings of high-performing public health experts. In April 2025, Senator Warnock rallied in the streets of Atlanta with current and former employees of the CDC to show support for the Georgians who have been callously fired from their life-saving work at the public health institution. In March 2025, Senator Warnock successfully pressured the administration to reinstate CDC probationary staff and fellows who work on public health threats. Last year, the Senator visited the CDC in Atlanta, Georgia for the first time as Senator to learn about the agency’s efforts to protect public health, including work to combat the maternal mortality crisis and how federal funding plays a role in keeping Georgia and the country safe from infectious diseases. During Health and Human Services Secretary Robert F. Kennedy’s nomination hearing in committee, Senator Warnock spoke at length defending the importance of the CDC which employs over 10,000 hardworking Georgians. Shortly after, the Senator spoke for nearly an hour on the Senate floor, in large part in defense of the CDC’s critical work to defend public health and national security. The Senator continued to pressure HHS Secretary Kennedy to reverse the CDC firings.

    MIL OSI USA News

  • MIL-OSI Canada: Minister Champagne meets with provincial and territorial Finance Ministers

    Source: Government of Canada News

    June 11, 2025 – Ottawa, ON

    The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, convened a virtual meeting with provincial and territorial Finance Ministers to advance shared priorities and strengthen Canada’s economic resilience.

    The Minister opened the discussion with an update on Canada–U.S. relations, emphasizing the federal government’s determination to remove unjustified U.S. tariffs still in force on many Canadian products. He reaffirmed Canada’s commitment to establishing a renewed economic and security relationship with the United States while strengthening collaboration with reliable trading partners from around the world.

    Minister Champagne highlighted Canada’s leadership on the international stage, notably through its chairing of the recent meeting of G7 Finance Ministers and Central Bank Governors, which laid the groundwork for next week’s Leaders’ Summit in Kananaskis, Alberta. G7 discussions focused on tackling global economic uncertainty, combatting financial crimes, harnessing the potential of digital transformation, and promoting growth and productivity.

    In line with the federal government’s nation-building agenda, the Minister welcomed the growing momentum among provinces and territories to reduce internal trade barriers and unlock the full potential of the Canadian economy. He reiterated the government’s commitment, reflected in Bill C-5, the One Canadian Economy Act, aimed at eliminating federal barriers to trade and labour mobility and accelerating transformative projects of national interest.

    The Minister also provided updates on key legislative initiatives that will deliver real results for Canadians. This includes Bill C-4, which proposes a middle class tax cut for nearly 22 million Canadians and removes the Goods and Services Tax for first-time buyers purchasing new homes up to $1 million, and Bill C-2, which strengthens border security to keep communities safe.

    Canada’s Finance Ministers also agreed to remain in close contact in the weeks ahead and keep driving momentum to build the strongest economy of the G7.

    Related Links

    Associated Links

    MIL OSI Canada News

  • MIL-OSI: DarkPulse, Inc. Contracts Kraken International Security Solutions LLC as Part of its Border and Perimeter Security Initiatives

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 12, 2025 (GLOBE NEWSWIRE) — DarkPulse, Inc. (OTC Pink: DPLS) (“DarkPulse”, “DPLS”, or “the Company”) today announced the signing of a contract for services with Kraken International Security Solutions and its founder Boone Smith, a former Executive Director at U.S. Customs and Border Protection. Boone’s more than 24 years of dedicated service with the Department of Homeland Security, Customs and Border Protection, and the U.S. Border Patrol—where he held numerous leadership roles across national and border security efforts—adds to the Company’s team of local, state and federal border experts focused on national border and perimeter security technology deployment opportunities.

    “Kraken’s team, including Boone Smith, the company’s founder, brings a wealth of border security expertise that will assist DarkPulse with its endeavor to deploy its sensor systems along national borders,” said Dennis O’Leary, DarkPulse founder and CEO. He continued, “I personally look forward to working with Boone and the rest of his team.”

    Mr. Smith stated, “As the founder of Kraken International Security Solutions LLC, I am excited to partner with DarkPulse Inc. in this important effort to enhance our nation’s border security. DarkPulse’s innovative sensing technology will play a crucial role in providing real-time surveillance and threat detection and helping to secure America’s borders more effectively. We look forward to working together to create a safer future for all Americans.”

    About DarkPulse, Inc.

    DarkPulse, Inc. uses advanced laser-based monitoring systems to provide rapid and accurate monitoring of temperatures, strains, and stresses. The Company’s technology excels when applied to live, dynamic critical infrastructure and structural monitoring, including pipeline monitoring, perimeter and structural surveillance, aircraft structural components and mining safety. The Company’s fiber-based monitoring systems can assist markets that are not currently served, and its unique technology covers extended areas and any event that is translated into the detection of a change in strain or temperature. In addition to the Company’s ongoing efforts with respect to the marketing and sales of its technology products and services to its customers, the Company also continues to explore potential strategic alliances through joint venture and licensing opportunities to further expand its global market position. For more information, visit www.DarkPulse.com

    About Kraken International Security Solutions LLC.

    Founded in 2024 by Mr. Boone Smith, Kraken International Security Solutions LLC draws on decades of expertise in homeland security, border enforcement, and strategic security initiatives. Boone’s more than 24 years of dedicated service with the Department of Homeland Security, Customs and Border Protection, and the U.S. Border Patrol—where he held numerous leadership roles across national and border security arenas—guides the company’s commitment to delivering innovative, effective security solutions and operational excellence. His comprehensive experience at various levels of government service enables Kraken to understand and address complex security challenges leveraging a proven combination of skilled personnel, established relationships, advanced technology, and infrastructure positioning Kraken to focus on strengthening security at domestic borders and beyond. Boone’s deep government background allows the firm to develop collaborative, beneficial solutions across all sectors of homeland security, improving response and resilience. With a focus on operational effectiveness, Kraken is dedicated to safeguarding critical assets and enhancing national security through innovative strategies and proven expertise.

    Safe Harbor Statement

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. All statements other than statements of historical facts included in this news release regarding our strategies, prospects, financial condition, operations, costs, plans, and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our prior filings with the Securities and Exchange Commission. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether because of new information, future developments or otherwise.

    Contact info:
    PR@Darkpulse.com
    800-436-1436

    The MIL Network