Category: Business

  • MIL-OSI USA: SCHUMER REVEALS: AS SUMMER SEASON KICKS OFF, TRUMP’S TARIFF WAR SLAMS UPSTATE NY – CANADIAN BORDER CROSSINGS PLUNGE NEARLY 290,000 & PLUMMET A WHOPPING 22% ACROSS ALL NY PORTS OF ENTRY LAST MONTH -…

    US Senate News:

    Source: United States Senator for New York Charles E Schumer

    New Data Shows Border Crossings Across Upstate NY Are Nose-Diving As Trump’s Tariffs And Ludicrous Comments On Annexing Canada Drive Away Tourists, Putting Billions For NY’s Main Streets At Risk, Jeopardizing Jobs, & Restricting The Summer Tourism Economy

    Schumer Says NY House Republicans Must Stand Up For Upstate NY And The Main Street Hotels, Restaurants & Shops Across NY That Rely On Canadian Tourists And Are Seeing Major Hits To Their Bottom Lines – The House Needs To Act On The Senate-Passed Bill To End Tariff War With Canada

    Schumer: Trump Tariff War & Destructive Comments Are Burning Bridges With Canada, And Blowing A Massive Hole In Upstate NY’s Tourism Economy

    With summer tourism season kicking off and Canadians canceling trips to the United States at record rates because of Trump’s mistreatment of our closest ally and trading partner, U.S. Senator Chuck Schumer today revealed new data on how Trump’s reckless tariff war is causing border crossings to plummet across all major land ports of entry in Upstate New York. According to Customs & Border Patrol (CBP), almost 290,000 fewer travelers crossed the Upstate New York-Canadian border last month than over the same period in 2024, a whopping 22% decrease.

    “Burning bridges and ruining relationships with our closest ally and key trading partner, Canada, right when summer tourism season is arriving, is about as destructive as it gets. Upstate NY is on the frontlines of Trump’s destructive tariff war, and this shocking new data shows our tourism economy is paying the price from Buffalo to Ogdensburg,” said Leader Schumer. “Instead of lowering costs, Trump’s tariffs are raising prices for families and driving away tourists who spend billions in our shops, hotels, restaurants, and support thousands of NY jobs. If this trend of depressed tourism continues, this could be a summer in Upstate NY that no small business wants to remember.”

    According to new data from CBP, Upstate NY & Canada saw approximately 1,017,500 border crossings in April, compared to 1,307,381 during the same month in 2024, a nearly 22% decrease across road and bridge crossings frequented by tourists.  A breakdown bridge-by-bridge from the Bridge and Tunnel Operators Association shows just how steeply tourism is declining across all the major land ports of entry between Upstate NY and Canada:

    NY-Canada Bridge

    Region

    April 2024 Auto Crossings

    April 2025 Auto Crossings

    Percentage Decline

    Peace Bridge

    Western NY

    366,159

    309,317

    15.52%

    Rainbow Bridge

    Western NY

    174,395

    119,265

    31.61%

    Lewiston-Queenstown Bridge

    Western NY

    239,645

    204,222

    14.78%

    Whirlpool Rapids Bridge

    Western NY

    32,211

    25,377

    21.22%

    Ogdensburg-Prescott International Bridge

    North Country

    43,945

    31,857

    27.51%

    Thousand Islands Bridge

    North Country

    147,814

    117,953

    20.20%

    Seaway Bridge

    North Country

    209,524

    205,518

    1.91%

    Schumer said this steep drop is alarming and called on NY House Republicans to stand up for their constituents and Main Street small businesses – like hotels, restaurants and shops – and take up the resolution which has already passed the Senate to end this reckless, ill-conceived and harmful trade war with Canada.

    Schumer added, “This should be a bright red alarm for NY House Republicans who have stayed silent as Trump’s reckless trade war has wreaked havoc in their districts. To add insult to injury, he makes absurd declarations on annexing our neighbors to the north, which only depresses travel to the U.S. and the purchase of American products. NY House Republicans need to stand up for Upstate NY and should take up the bill which has already passed the Senate to end this reckless trade war with Canada and restore our cherished, friendly and economically dynamic relationship with our next-door neighbor.”

    Across Upstate NY, businesses are already seeing the impacts of fewer Canadian tourists and are worried that it will get worse, and Upstate New York would feel the impact of this decline first and harder than nearly anywhere else in the country. In Western New York, Canadian tourism is nearly 40% of the overall tourism economy in Buffalo. In Central New York, Visit Syracuse says web traffic from Canadians is down by half this year creating major worry for the summer season, approximately 15% of tourism dollars spent in the Syracuse area come from Canadian visitors.

    According to a recent North Country Chamber of Commerce survey, 66% of businesses are already experiencing a dip in Canadian bookings. Canada is the top source of international visitors to the U.S., with 20.4 million visits in 2024, generating $20.5 billion in spending and supporting 140,000 American jobs. Schumer said if there were even a 10% reduction in Canadian travel, it could mean as much as $2 billion in lost spending and 14,000 job losses across America.

    “The Peace Bridge, as a self-funded agency, is reliant on tolls generated by cross border traffic to provide service to the travelling public. We were just beginning to approach normal traffic volumes following the border restrictions imposed during the Covid-19 Pandemic,” said Ron Rienas, Chief Executive Officer of the Peace Bridge Authority. “The decline of car and truck traffic directly impacts our bottom line and that of every international crossing and hampers the ability to make investments to facilitate  the safe and efficient movement of people and commerce.”

    “As Town Supervisor of Plattsburgh, and through ongoing discussions with leaders from other border communities on both sides, I have witnessed firsthand the devastating impact tariffs are having on our region. The sharp decline in Canadian visitors is hurting families, small businesses, hotels, marinas, golf courses, restaurants, and workers who depend on cross-border tourism to make a living. Beyond the economic toll, these tariffs are eroding the cultural ties that have connected our communities for generations,” said Michael S. Cashman, Plattsburgh Town Supervisor. “This isn’t about politics it’s about real people and the survival of our border region. The harmful rhetoric labeling Canada as a ‘51st state’ only deepens divisions. Canada is our oldest ally and closest friend, and our economies and cultures have long been intertwined for the benefit of us all.”

    Since taking office in January, Trump has damaged the United States’ relationship with Canada by threatening to annex Canada and levying 25% tariffs on Canadian goods. Schumer said this new data on major reductions in bridge crossings shows Trump’s threats to annex Canada and tariff Canadian goods are directly impacting commerce between the two countries, including Canadian tourism across New York State.

    Schumer said he is fighting to end this unnecessary, damaging trade war with Canada and protect tourism, small businesses, and local jobs. Earlier this year, the Senate passed a bipartisan resolution to end tariffs on Canada, and Schumer said this new shocking data shows the urgency for House Republicans to take up and pass it as well. Senate Democrats are also pushing for tariff exemptions for small businesses and putting an end to Trump’s across-the-board tariffs. Schumer said ending this costly trade war is key to protecting American families from price increases and job losses as a result of tariffs on Canada.

    “I am all for addressing trade imbalances, especially with adversaries like China, but these sweeping, ill-conceived tariffs are creating chaos and undermining those goals. Rather than uniting the world against China, Trump has united our allies like Canada against us. The Senate passed a resolution to end this disastrous trade war with Canada, and now it’s time for the House to follow. We need everyone, especially NY House Republicans, to stand up against Trump’s senseless, job-killing trade war that is hurting our tourism industry, New York’s Main Streets, and New Yorkers’ jobs,” concluded Schumer.

    MIL OSI USA News

  • MIL-OSI Europe: Highlights – Vote on ‘Financial activities of the European Investment Bank – annual report 2024’ – Committee on Economic and Monetary Affairs

    Source: European Parliament

    On 4 June 2025 at 14.45, ECON Members will vote on the ‘Financial activities of the European Investment Bank – annual report 2024’. The draft report welcomes the strategic priorities of the European Investment Bank (EIB) for 2024-2027 and includes a strong call for the EIB to play an even bigger role in addressing Europe’s investment needs and funding common EU priorities. It also reiterates the Parliament’s call for an interinstitutional agreement between the Parliament and the EIB.

    As usual, the BUDG and ECON Committees alternate in preparing an own-initiative annual report on the EIB and this year it is ECON’s turn. Members tabled 317 amendments to the draft report by the Rapporteur, Francisco Assis, who then tabled five compromise amendments that deal with a wide range of topics. These include: closing the investment gap and fostering competitiveness; consolidating the EIB’s role as EU’s climate bank; financing peace, security and defence; addressing challenges in social infrastructure, cohesion policy and housing; promoting digital transformation and new technologies; EIB neighbourhood and Global Gateway; governance: accountability and transparency. The plenary vote is planned for the July 2025 part-session.

    Rapporteur: Francisco ASSIS (S&D) Shadows: Kinga KOLLÁR (EPP), Jaroslava POKORNÁ JERMANOVÁ (PfE), Johan VAN OVERTVELDT (ECR), Ľudovít ÓDOR (Renew), Damian BOESELAGER (Greens/EFA), Marc BOTENGA (The Left)

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – GGSC opinion on NGTs – shift of safety assessment and liability risks from biotech companies to the food industry – P-000919/2025(ASW)

    Source: European Parliament

    The Commission recognises that regulatory requirements in general may be more burdensome for small and medium enterprises (SMEs).

    For this reason, the Commission has adopted a number of measures aimed at creating a business-friendly environment[1], facilitating access to finance[2], improving access to markets[3], fostering competitiveness[4], and innovation for SMEs[5].

    As regards novel foods, some Member States are in addition providing financial and technical support for SMEs to prepare and submit novel food applications and others are exploring such possibility.

    Furthermore, the European Food Safety Authority (EFSA) has recently published the second Call for Expression of Interest targeting Novel Food SMEs[6], aiming at raising awareness and facilitating access for SME applicants to the pre-submission advice service by the European Food Safety Authority, specifically in the area of novel foods.

    The Commission carried out an impact assessment[7] prior to adopting its proposal on plants obtained by certain new genomic techniques (NGTs)[8], focusing on the burden and costs for food business operators and developers to bring NGT plants to the market, and not on additional potential requirements that might arise from other existing EU legislation applicable to Category c NGT plants and products .

    According to the proposal, plants verified to be Category c NGT plants would be subject to other regulatory requirements as they apply to comparable plants obtained by conventional breeding.

    The Commission notes that the Novel Foods Regulation[9] requires every operator to verify whether a food it intends to place on the market is novel or not and maintains a catalogue[10] with examples to support companies in this regard.

    • [1] Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions entrepreneurship 2020 action plan reigniting the entrepreneurial spirit in Europe, COM/2012/0795 final (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex%3A52012DC0795).
    • [2] https://europa.eu/youreurope/business/finance-funding/getting-funding/access-finance/index_en.htm.
    • [3] https://ec.europa.eu/growth/access-finance-smes/cosme-financial-instruments_en.
    • [4] https://ec.europa.eu/growth/industry_en#competitiveness .
    • [5] https://ec.europa.eu/growth/industry/policy/innovation_en.
    • [6] https://www.efsa.europa.eu/en/call/call-expressions-interest-efsas-advice-novel-food-smes-2025-edition.
    • [7] SWD(2023) 412.
    • [8] COM(2023) 411.
    • [9] Regulation (EU) 2015/2283 of the European Parliament and of the Council of 25 November 2015 on novel foods, OJ L 327, 11.12.2015, p. 1. See Article 4.
    • [10] https://food.ec.europa.eu/food-safety/novel-food/consultation-process-novel-food-status_en.
    Last updated: 28 May 2025

    MIL OSI Europe News

  • MIL-OSI Europe: EIB welcomes new UN Protocol to mobilise investment for a sustainable ocean economy

    Source: European Investment Bank

    EIB

    The European Investment Bank (EIB) welcomes the launch of the United Nations Ocean Investment Protocol, a comprehensive new framework to align financial flows and business practices with the transition to a sustainable ocean economy. As a knowledge partner in its development, the EIB recognises the Protocol as a vital guide to scaling finance for a healthy and resilient ocean.

    The United Nations Global Compact and the UN Environment Programme Finance Initiative (UNEP FI) today unveiled the Protocol, which builds on the UN Global Compact Sustainable Ocean Principles and UNEP FI’s Sustainable Blue Economy Finance Principles. The Ocean Investment Protocol offers financial institutions, insurers, ocean industries, governments, and development finance institutions a clear pathway to collectively foster the growth of the Sustainable Ocean Economy and achieve the Sustainable Development Goals (SDGs), including SDG14 (“Life Below Water”).

    As the largest supporter of the blue economy among development finance institutions, the EIB Group has committed €10.6 billion to blue economy projects between 2020 and 2024, mobilising €43 billion in total investments. The EIB was also a co-founder of the Sustainable Blue Economy Finance Principles in 2017, helping to set a global standard for responsible investment.

    The release of the Ocean Investment Protocol comes at a pivotal moment, as global momentum builds around a nature-positive agenda, the urgent need to curb carbon emissions, and accelerating action to tackle plastic and chemical pollution. The Protocol is intended to galvanize multi-stakeholder collaboration in the run-up to major ocean, climate, and biodiversity milestones.

    Key elements include:

    • Holistic Guidance for financial actors to manage environmental risks and pursue growth in sectors such as offshore renewables, sustainable seafood, and climate-resilient infrastructure.
    • Data and Disclosure recommendations, promoting greater transparency on nature-related risks and impacts and aligning with global reporting frameworks, including the Taskforce on Nature-related Financial Disclosures, the Task Force on Climate-related Financial Disclosures, and science-based targets.
    • Sector-Specific Roadmaps outlining responsible financing and operational practices in shipping, tourism, fisheries, renewable energy and other key ocean industries.
    • Policy and Regulation Support to foster investment-ready environments, highlight the importance of marine spatial planning and encourage incentives for sustainable practices.
    • Catalytic Role of Development Finance in advancing pipeline development for the Sustainable Ocean Economy, especially in emerging markets and coastal communities most vulnerable to climate change.

    “The UN Ocean Investment Protocol is a strong complement to the Sustainable Blue Economy Finance Principles, which the EIB co-founded,” said EIB Vice-President Ambroise Fayolle. “It provides governments, financial institutions, insurers, and companies with the clarity and guidance needed to align private investments with the Sustainable Development Goals. By setting clear recommendations for responsible investment, the Protocol will help ensure that growth in ocean industries goes hand in hand with environmental stewardship and social inclusion. At the EIB, we look forward to helping turn these recommendations into concrete action for the benefit of people and planet.”

    Background information  

    A thriving ocean is essential for biodiversity, food security, climate resilience, and global livelihoods. The Sustainable Ocean Economy links ocean health with prosperity—making targeted finance more urgent than ever. It is central to achieving the targets of the SDGs, the Paris Agreement and the Kunming-Montreal Global Biodiversity Framework. With ocean health inseparable from global prosperity, mounting pressures—rising ocean temperatures, overfishing, pollution, biodiversity loss, weak governance, and inequitable access to marine resources—highlight the urgency of dedicated investments and policies that safeguard marine ecosystems and drive equitable economic opportunities.

    The ocean economy is already equivalent in size to the world’s fifth largest economy, and global markets are reliant on the ocean and its industries to support 90 percent of global trade volume. Developing a regenerative and sustainable ocean economy is becoming increasingly central to global transitions in trade, infrastructure, energy, climate resilience, food security and regenerative tourism. The Ocean Investment Protocol responds to the critical need for swift, holistic efforts to preserve ocean ecosystems and foster growth in sustainable ocean-based sectors. It outlines actionable steps to align investments with nature- and climate-positive outcomes, fostering innovation across key ocean sectors. By 2050, the market value of a refocused, sustainable and fairly shared ocean economy is projected to reach USD$5.5 trillion.

    EIB 

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.  

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.  

    All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.  

    Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

    High-quality, up-to-date photos of our headquarters for media use are available here.

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Impact on citizens of the Green Deal, the Clean Industrial Deal and a possible carbon levy – E-000911/2025(ASW)

    Source: European Parliament

    Industry in Europe is under pressure, due to several factors, including high energy prices, international competition amidst rising geopolitical tensions, and overcapacities in third countries[1]. Decarbonising our economies is a global challenge that can be an economic opportunity, as flagged in the Draghi Report[2]. The European Green Deal[3] and the recent Clean Industrial Deal[4] provide the toolbox to strengthen the business case for decarbonisation in Europe .

    The Clean Industrial Deal puts forward concrete actions to turn decarbonisation into a driver of growth for European industries. Specific measures include the Affordable Energy Action Plan[5], aimed at lowering energy bills while promoting the necessary transition to a low-carbon economy, and the upcoming Industrial Decarbonisation Accelerator Act, which will increase demand for EU-made clean products. The Clean Industrial Deal identifies seven indicators to measure progress, such as the annual installation of renewable electricity capacity and investment volumes under InvestEU[6] supporting industrial transition.

    The Commission is not considering the introduction of a direct carbon levy for citizens on top of the EU Emissions Trading System[7].

    • [1] 2025 Annual Single Market and Competitiveness Report: https://single-market-economy.ec.europa.eu/publications/2025-annual-single-market-and-competitiveness-report_en .
    • [2] https://commission.europa.eu/topics/eu-competitiveness/draghi-report_en.
    • [3] https://commission.europa.eu/strategy-and-policy/priorities-2019-2024/european-green-deal_en.
    • [4] https://commission.europa.eu/topics/eu-competitiveness/clean-industrial-deal_en.
    • [5] https://energy.ec.europa.eu/strategy/affordable-energy_en.
    • [6] https://investeu.europa.eu/index_en.
    • [7] https://climate.ec.europa.eu/eu-action/eu-emissions-trading-system-eu-ets_en.
    Last updated: 28 May 2025

    MIL OSI Europe News

  • MIL-OSI Asia-Pac: Government welcomes passage of Air Passenger Departure Tax (Amendment) Bill 2025

    Source: Hong Kong Government special administrative region

    Government welcomes passage of Air Passenger Departure Tax (Amendment) Bill 2025Issued at HKT 19:54

    The Government welcomed the passage of the Air Passenger Departure Tax (Amendment) Bill 2025 by the Legislative Council today (May 28) to implement the proposal in the 2025-26 Budget to increase the air passenger departure tax (APDT) from $120 to $200 per passenger. It is anticipated that government revenue will increase by about $1.6 billion per year. The new tax rate will be applicable to air tickets purchased on or after October 1, 2025.

    A Government spokesperson said, “The Government has struck a balance between increasing revenue and minimising the impact on passengers when considering increasing the APDT. The impact of the increase on the overall cost of travelling for air passengers (including tourists) is minimal.”

    The Bill also streamlines the Government’s financial arrangement for paying administrative fees to the airlines and helicopter company. It empowers the Financial Secretary to approve their retention of part of the APDT collected for offsetting the administration fees payable by the Government to them, and provides that the retained fees do not form part of the general revenue under the Public Finance Ordinance (Cap. 2).

    The Bill passed will be gazetted on June 6.

    Ends/Wednesday, May 28, 2025
    Issued at HKT 19:54

    MIL OSI Asia Pacific News

  • MIL-OSI: Matador Technologies Inc. Announces Closing of Final Tranche of Non-Brokered Private Placement to Support Bitcoin Acquisition

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES

    TORONTO, May 28, 2025 (GLOBE NEWSWIRE) — Matador Technologies Inc. (“Matador” or the “Company”) (TSXV: MATA, OTCQB: MATAF), a Bitcoin-focused technology company, is pleased to announce that it has closed the second and final tranche of its previously announced non-brokered private placement (the “Offering”), pursuant to which it has issued an additional aggregate of 2,588,955 units (the “Units”) at a price of $0.55 per Unit, for aggregate gross proceeds of C$1,423,925. In total with the first tranche closing of 2,863,818 Units on May 26, 2025, the Company has issued an aggregate of 5,452,773 Units pursuant to the Offering to raise aggregate gross proceeds of $2,999,025. This is the final tranche for the financing announced by the Company on May 9, 2025.

    Each Unit consists of one common share and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to acquire one additional common share of the Company at a price of $0.75 for a period of twelve (12) months from the date of issuance.

    The Warrants are subject to an acceleration clause: in the event that the closing price of the Company’s common shares on the TSX Venture Exchange (the “TSXV”) is equal to or exceeds $1.05 for five (5) consecutive trading days at any time following the date which is four months and one day after the closing date, the Company may accelerate the expiry date of the Warrants to the date that is thirty (30) days following the dissemination of a press release announcing such acceleration (the “Acceleration Provisions“).

    The securities issued in connection with the second tranche of the Offering are subject to a statutory hold period expiring on September 29, 2025. In connection with the second tranche closing, the Company paid aggregate finders fees of $27,588 and issued an aggregate of 50,160 broker warrants to eligible finders, each broker warrant entitling the holder to acquire one common share of the Company at $0.75 for a period of one year, subject to the Acceleration Provisions.

    The net proceeds of the Offering are expected to be allocated approximately one-third to each of the following: (i) the purchase of Bitcoin; (ii) advancing the Company’s gold acquisition and Grammies business initiatives; and (iii) general corporate purposes.

    Insiders of the Company subscribed for an aggregate of 200,000 Units in connection with the second tranche closing. Such participation is considered to be a “related party transaction” within the meaning of Multilateral Instrument 61-101-Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The Company has relied upon on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of all related party participation in the Offering as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves interested parties, exceeds 25% of the Company’s market capitalization (as determined under MI 61-101).

    The Offering is subject to the final approval of the TSX Venture Exchange.

    For additional information, please contact:

    Media Contact:
    Sunny Ray
    President
    Email: sunny@matador.network

    Phone: 647-496-6282

    About Matador Technologies Inc.

    Matador Technologies Inc. is a publicly traded Bitcoin ecosystem company that holds Bitcoin as its primary treasury asset and builds products to enhance the Bitcoin network. Through a self-reinforcing model that combines strategic Bitcoin accumulation, Bitcoin-native product development, and participation in digital asset infrastructure, Matador aims to grow long-term shareholder value without dilution.

    The Company’s flagship offering, the Digital Gold Platform, allows users to buy, sell, and trade 1-gram gold units inscribed as Bitcoin Ordinals—bridging traditional value with decentralized technology. With a Bitcoin-first strategy, a debt-free balance sheet, and a clear focus on innovation, Matador is helping shape the future of financial infrastructure on Bitcoin.

    Learn more at www.matador.network.

    Cautionary Statement Regarding Forward-Looking Information

    NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

    Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including risks associated with the implementation of the Company’s treasury management strategy, receipt of regulatory approvals, and the launch of its mobile application as currently proposed or at all. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including with respect to the potential acquisition of Bitcoin and/or US dollars, the pricing of such acquisitions and the timing of future operations. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

    The MIL Network

  • MIL-OSI Russia: China’s Vice Premier Calls for Healthy Development of Platform Economy

    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

    SHANGHAI, May 28 (Xinhua) — Chinese Vice Premier Zhang Guoqing has stressed efforts to promote the healthy development of the platform economy and maintain a fair and orderly market environment.

    Zhang Guoqing, also a member of the Political Bureau of the CPC Central Committee, made the remarks during an inspection tour of the east Chinese city of Shanghai from Tuesday to Wednesday.

    During his visit to online retail, live streaming e-commerce and food delivery companies, Zhang Guoqing pointed out that the platform economy plays an important role in stimulating innovation and entrepreneurship and strengthening internal circulation. He called on relevant companies to devote more resources to providing high-quality products and services.

    When developing platform rules, it is necessary to strictly adhere to the principles of openness and honesty, decisively suppressing unfair competition using bargain prices and low-quality goods, the Deputy Prime Minister of the State Council pointed out.

    Zhang Guoqing said all platforms should use positive and beneficial algorithms while ensuring reasonable and transparent pricing standards. He called for stronger measures to crack down on violations, including price manipulation, false advertising and sales inflated prices.

    Zhang Guoqing called for more efforts to eliminate regulations and practices that hinder the establishment of a unified market and fair competition, and stressed the need to crack down on illegal extortion from enterprises to maintain a favorable market environment.

    In addition, the Vice Premier of the State Council called on market regulators to accelerate the implementation of new technologies, particularly in the field of big data and artificial intelligence, in order to improve the quality and effectiveness of regulation. –0–

    MIL OSI Russia News

  • MIL-OSI USA: SEC Publishes Data on Regulation A, Crowdfunding Offerings, and Private Fund Beneficial Ownership Concentration

    Source: Securities and Exchange Commission

    The Securities and Exchange Commission’s Division of Economic and Risk Analysis has published three new reports that provide the public with information on capital formation and beneficial ownership of qualifying private funds.

    The first two papers—analyses of the Regulations A and Crowdfunding markets—provide valuable information on how capital is being raised in the United States particularly by smaller issuers. During the periods reviewed (2015 to 2024 for Regulation A and 2016 to 2024 for Regulation Crowdfunding) more than $10 billion was raised.

    The third paper—an analysis of beneficial ownership concentration and fund outcomes for qualifying hedge funds (QHFs) and their advisers from 2013 to 2023—provides information on the interaction of beneficial ownership concentration, portfolio liquidity, investor liquidity, fund leverage, performance, and margins.

    “Today’s reports provide key information on the capital markets,” said Robert Fisher, Acting Chief Economist and Director of the SEC’s Division of Economic and Risk Analysis. “Understanding how capital is being raised and the interaction of ownership concentration with fund outcomes for private funds informs not only the Commission but the public about essential parts of our markets.”

    The three reports issued today are:

    • Analysis of the Regulation A Market: A Decade of Regulation A provides statistics on the state of the Regulation A offering exemption over the past decade. It documents the level of offering activity and reported proceeds as well as the characteristics of issuers and offerings relying on this exemption. There were more than 1,400 offerings during this period seeking an aggregate of more than $28 billion in capital. Approximately $9.4 billion in proceeds was reported by more than 800 issuers. A typical Regulation A issuer was relatively small and young, and most issuers had not yet established a record of profitability.
    • Analysis of Crowdfunding Under the JOBS Act provides an analysis of offering activity in the Title III securities-based crowdfunding market between May 16, 2016, (effective date of Regulation Crowdfunding) and December 31, 2024. During this period, there were more than 8,400 offerings initiated by more than 7,100 issuers, excluding withdrawn offerings. The offerings sought a total of approximately $560 million based on the target (minimum) amount. However, almost all offerings had a minimum-maximum format and accepted oversubscriptions up to a higher maximum. In the aggregate, the maximum amount sought in these offerings was approximately $8.4 billion. Based on the analysis of Electronic Data Gathering, Analysis, and Retrieval (EDGAR) filings during this period, there were more than 3,800 offerings where issuers reported proceeds; in total, they reported approximately $1.3 billion in proceeds. The crowdfunding exemption has continued to gain momentum over time and serves small and early-stage companies seeking access to capital, often for the first time. The median issuer had approximately $80,000 in total assets, including $13,000 in cash, $60,000 in debt, and $10,000 in revenue, and three employees.
    • Beneficial Ownership Concentration and Fund Outcomes for Qualifying Hedge Funds  provides statistics describing the relationship between beneficial ownership concentration and fund outcomes for QHFs and their advisers from 2013 to 2023. Over this period, concentrated funds exhibited faster growth than unconcentrated funds. Concentrated funds hold more liquid assets and offer more liquidity to investors relative to unconcentrated funds, though both portfolio and investor liquidity have declined over the sample period. In addition, the gross return of unconcentrated funds is on average 1.2% higher than concentrated funds, but their net return is only 0.1% higher indicating that, on average, the gross performance advantage of unconcentrated funds is offset by higher margins.

    The Division of Economic and Risk Analysis integrates financial economics and rigorous data analytics into the SEC’s core mission. It conducts detailed, high-quality economic and statistical analyses to advise on Commission matters and helps identify and respond to issues, trends, and innovations in the marketplace.

    MIL OSI USA News

  • MIL-OSI USA: 141-Unit Public Housing Development Completed in Troy

    Source: US State of New York

    overnor Kathy Hochul today announced the completion of the redeveloped John P. Taylor Apartments in the city of Troy. The new $67 million seven-story mixed-use building, developed by Pennrose, features 141 affordable apartments and ground floor retail space, replacing the complex’s two original towers which were demolished in 2022 after having been vacant for more than a decade. Under Governor Hochul’s leadership, New York State Homes and Community Renewal has financed more than 1,300 affordable homes in Rensselaer County. The redevelopment of the John P. Taylor Apartments continues this effort and complements Governor Hochul’s $25 billion five-year housing plan, which is on track to create or preserve 100,000 affordable homes statewide.

    “The completion of the John P. Taylor Apartments is another step forward in our ongoing mission to create and preserve affordable housing opportunities for New Yorkers,” Governor Hochul said. “This complex demonstrates how important our investments are for communities like Troy. This comprehensive project delivers 141 modern, energy-efficient affordable homes and significant infrastructure improvements that support the city’s continued efforts to revitalize its downtown waterfront.”

    The redevelopment of the John P. Taylor Apartments was a priority of the Revitalize Riverside component of Troy’s $10 million Downtown Revitalization Initiative, which was awarded by the State in 2021. The Revitalize Riverside plan was designed to enhance Troy’s South Central neighborhood and is part of a comprehensive strategy to create commercial space, add new housing, restore Troy’s downtown street grid, and improve the Congress Street Bridge which serves as an important artery to several of the region’s major roadways.

    All units are supported by Project-based Section 8 vouchers issued by the Troy Housing Authority. Residents of the original John P. Taylor Apartments were given a preference for placement in the new apartments.

    The new building was constructed to meet EPA Energy Star Multifamily New Construction and Enterprise Green Communities PLUS criteria. The development utilizes advanced energy efficiency features including all-electric HVAC, increased insulation, and an energy recovery ventilation system.

    The John P. Taylor Apartments will offer an array of modern amenities for residents, including free Wi-Fi, washers and dryers in every apartment, and common areas such as a fitness center, community room, and outdoor patio.

    State financing includes Federal Low-Income Housing Tax Credits that generate $30 million in equity and $20 million in subsidy from New York State Homes and Community Renewal. The Department of State’s Downtown Revitalization Initiative provided $1.6 million in support. The Federal Home Loan Bank provided $1.4 million.

    New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “Replacing aging public housing stock with modern homes and amenities is one of the most impactful ways to increase quality of life and make housing more affordable for families. This $67 million project, developed by Pennrose in partnership with the Troy Housing Authority, not only provides 141 new apartments but connects people to the city and further revitalizes Troy’s historic waterfront. Under Governor Hochul’s leadership, HCR is proud to work alongside state and local partners to support efforts that are delivering thousands of affordable homes and improving affordability across New York.”

    New York Secretary of State Walter T. Mosley said, “The new Taylor Apartments are a major step towards Governor Hochul’s efforts to make New York more affordable and to create badly needed housing throughout our state. We are incredibly proud of how the Downtown Revitalization Initiative takes a holistic approach in creating opportunities for communities to thrive and for residents to have an affordable place to call home. Congratulations on this successful project completion.”

    U.S. Senator Chuck Schumer said, “Every family in Troy deserves a safe and affordable place to call home. I’m proud that the federal Low-Income Housing Tax Credit that I worked hard to protect and expand has delivered millions to build over 140 new homes at the John P. Taylor Apartments – a redeveloped waterfront building with energy-efficient air conditioning and ventilation systems. High housing costs are a key driver of inflation so we must build more housing for working people to bring down those high prices. I’m proud to have secured federal funding to raze the old, outdated and dilapidated Taylor towers, so that this wonderful new era at the Taylor Apartments could begin. I applaud Governor Hochul’s work increasing access to affordable housing in the Capital Region and across New York, and I will continue working to deliver federal resources to ensure that every New Yorker has a roof over their heads.”

    Assemblymember John McDonald said, “The redevelopment of the John P. Taylor Apartments is a great example of what can be accomplished when state and local partners work together to meet the needs of our communities. This project not only provides high-quality, affordable housing for families in Troy, but it also strengthens the city’s economy through smart, community-focused investment. I’m proud to support initiatives like this that enhance quality of life and create new opportunities for Capital Region residents.”

    Troy Mayor Carmella R. Mantello said, “The completion of the John P. Taylor Apartments marks a major milestone in our continued efforts to move Troy forward. This transformative redevelopment is made possible through the partnership of Pennrose, the Troy Housing Authority, and our city. It not only brings much-needed state of the art affordable housing to our downtown waterfront but also strengthens the connection between our neighborhoods and the Capital Region. Together, we are building a more vibrant, inclusive, and prosperous future for all who call Troy home.”

    Troy City Council President Sue Steele said, “It was a great honor for me to serve as Chair of the Troy Housing Authority Board of Commissioners during the planning, demolition and construction of Taylor 1. This project transformed our city’s downtown while also providing new, modern housing for tenants of the THA. On behalf of the board I want to thank each and everyone involved in making this a reality. I’m grateful for the combined vision of local, state and federal partners and Pennrose to step up and address a critical housing need in our city.”

    Troy Housing Authority Executive Director Deborah Witkowski said, “I want to thank Governor Hochul and our federal and state partners for their investment in the City of Troy and the new Taylor I building which provides 141 units of high-end affordable housing with modern-day amenities that encourage a healthy, sustainable environment for the residents we serve. The Taylor I building is only the beginning of the overall Taylor Apartments revitalization plan that will eventually include other mixed-use, mixed-income buildings with direct access to the riverfront, recreational areas, and a connection to Troy’s downtown district.”

    Pennrose Regional Vice President Dylan Salmons said, “Today’s ribbon cutting is a significant milestone in the years-long effort to revitalize the historic downtown, and we look forward to continuing the momentum with phase II. We’d especially like to thank the local community, neighborhood stakeholders, and residents of Taylor Apartments for their time, feedback, continued trust, and collaboration throughout this process.”

    Governor Hochul’s Housing Agenda
    Governor Hochul is committed to addressing New York’s housing crisis and making the State more affordable and more livable for all New Yorkers. As part of the FY 2025 Enacted Budget, the Governor secured a landmark agreement to increase New York’s housing supply through new tax incentives, capital funding, and new protections for renters and homeowners. Building on this commitment, the FY 2026 Enacted Budget included more than $1.5 billion in new state funding for housing, a Housing Access Voucher pilot program, and new policies to improve affordability for tenants and homebuyers. In addition, as part of the FY 2023 Enacted Budget, the Governor announced a five-year, $25 billion Housing Plan to create or preserve 100,000 affordable homes statewide, including 10,000 with support services for vulnerable populations, plus the electrification of an additional 50,000 homes. Nearly 60,000 homes have been created or preserved to date.

    The FY 2025 Enacted Budget also strengthened the Pro-Housing Community Program which the Governor launched in 2023. Pro-Housing certification is now a requirement for localities to access up to $750 million in discretionary funding. Currently, more than 300 communities have been certified, including Troy.

    MIL OSI USA News

  • MIL-OSI Security: Freight Forwarding Company Executive Arrested on Federal Indictment Alleging Massive Scheme to Avoid Customs Duties Payments

    Source: Office of United States Attorneys

    LOS ANGELES – The chief financial officer (CFO) at a Downtown Los Angeles-based shipping company has been arrested on a 22-count federal grand jury indictment charging him and the company’s CEO with using fraudulent documents, shell companies, bribes to public officials, and kickbacks to Mexican drug cartels to smuggle billions of dollars’ worth of goods from the United States into Mexico, repeatedly lying to U.S. customs officials and defrauding Mexico out of hundreds of millions of dollars’ worth of duties owed, the Justice Department announced today.

    Ralph Olarte, 55, of Glendale, the CFO of Sport LA Inc., was arrested late last night at Los Angeles International Airport. He is expected to make his initial appearance and be arraigned this afternoon in United States District Court in downtown Los Angeles. 

    Also charged in the indictment is Humberto Lopez Belmonte, 53, of Mexico City, who was arrested and arraigned on Tuesday in Los Angeles federal court. Lopez pleaded not guilty to the charges against him and a July 21 trial date was scheduled. A federal magistrate judge ordered Lopez released on $100,000 bond.

    Olarte and Lopez are charged with one count of conspiracy to smuggle goods from the United States. Both defendants and their company, Sport LA Inc., also are charged with one count of smuggling goods from the United States, three counts of knowingly submitting false and misleading export information, five counts of wire fraud for false information submitted to U.S. Customs and Border Protection (CBP), one count of conspiracy to commit wire fraud against Mexico, one count of conspiracy to commit money laundering, and seven counts of international promotional and concealment money laundering.

    Sport LA is charged with three counts of making false statements to a government agency. The other defendant companies – H&R Logistics Inc. and Olarte Transport Service Inc. – are charged with one count of conspiracy to commit wire fraud and one count of conspiracy to commit money laundering.

    According to the indictment returned on April 30 and unsealed Tuesday, Olarte and Lopez, from at least 2013 to the present, operated a lucrative international shipping enterprise. Through shipping companies they controlled, Olarte and Lopez smuggled billions of dollars’ worth of goods from and through the United States into Mexico. Many times, they concealed the nature of the shipped goods, some of which contained contraband.

    The companies allegedly submitted millions of false and misleading statements to U.S. customs officials, used shell companies in Mexico to shield their true customers, and created and presented false documents – including sham certificates for paid Mexican import taxes. They also bribed Mexican customs officials, paid kickbacks to drug cartels – including the Jalisco New Generation Cartel (CJNG) – to operate the scheme and smuggled bulk cash into the U.S. to avoid reporting requirements.

    Olarte and Lopez then laundered the proceeds of their scheme back from the true Mexican customers, through the shell companies, and ultimately into the companies’ U.S. bank accounts. 

    As a result of the conspiracy, Olarte and Lopez personally received millions of dollars in illicit proceeds.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    If convicted, Olarte and Lopez would face a statutory maximum sentence of 20 years in federal prison for each count of wire fraud- and money laundering-related count, up to five years in federal prison for each smuggling- and false statements-related count, and up to two years in federal prison for each count of knowingly submitting false and misleading export information. 

    Homeland Security Investigations (HSI), CBP, IRS Criminal Investigation, and the Drug Enforcement Administration are investigating this matter. 

    The cases announced today were investigated by HSI’s El Camino Real Financial Crimes Task Force, a multi-agency task force that includes federal and state investigators who are focused on financial crimes in Southern California.

    The Transnational Organized Crime Section is prosecuting this case.

    MIL Security OSI

  • MIL-OSI Security: Fresno Man Pleads Guilty to Paycheck Protection Program Loan Fraud

    Source: Office of United States Attorneys

    FRESNO, Calif. — Gurjeet Bath, 37, of Fresno, pleaded guilty Tuesday to one count of theft of government property, Acting U.S. Attorney Michele Beckwith announced.

    According to court documents, Bath and other family members operated two trucking businesses: G.S. Bath Inc. and Complete Transportation Solutions (CTS), operating in Fresno County. In 2020 and 2021, Bath applied for and received three PPP loans totaling over $1 million. To obtain the loans, Bath knowingly falsified records to inflate his businesses’ employees and their wages. Bath then used approximately $600,000 of those funds to purchase two parcels of agricultural land in Fresno County.

    This case is the product of an investigation by the Federal Bureau of Investigation, with assistance from the Small Business Administration (SBA) Office of Inspector General. Assistant U.S. Attorney Jeffrey A. Spivak is prosecuting the case.

    Bath is scheduled to be sentenced by U.S. District Judge Jennifer L. Thurston on Oct. 6, 2025. Bath faces a maximum statutory penalty of 10 years in prison and a $250,000 fine. The actual sentence, however, will be determined at the discretion of the court after consideration of any applicable statutory factors and the Federal Sentencing Guidelines, which take into account a number of variables.

    MIL Security OSI

  • MIL-OSI Security: Amtrak Employees Admit Participating in $11 Million Health Care Fraud Scheme

    Source: Office of United States Attorneys

    NEWARK, N.J. – Five Amtrak employees recently admitted participating in a health care fraud scheme to defraud Amtrak, U.S. Attorney Alina Habba announced.

    Kevin Frink, 53, of Willingboro, New Jersey, pleaded guilty before U.S. District Judge Madeline Cox Arleo in Newark federal court to an Indictment charging him with conspiracy to commit health care fraud. Michael Toal, 35, of Hazlet, New Jersey, David McBrien, 37, of Levittown, Pennsylvania, Damany Walker, 41, of Irvington, New Jersey, and David Lonergan, 65, of Rockaway Park, New York, in recent weeks also pleaded guilty before Judge Arleo in Newark federal court to the Indictment charging conspiracy to commit health care fraud.

    The Indictment also charges four other co-conspirators in connection with the scheme: Quinton Johnson, 53, of Irvington, New Jersey; Gregory Richardson, 35, of Roosevelt, New York; Timothy Bogen, 59, of Hamden, Connecticut; and Dion Jacob, 50, of Brooklyn, New York.  Defendant Rodolfo Rivera, 41, of Clayton, Delaware, previously pleaded guilty to the Indictment, and co-conspirator Anthony Saloka, 44, of Elizabeth, New Jersey, previously pleaded guilty to an Information.

    “The defendants admitted to colluding with corrupt health care providers in a scheme to defraud Amtrak’s health care plan for personal financial gain.  My office is committed to holding accountable those who profit from health care scams, like this one, that harm the public and the health care system.”

    U.S. Attorney Alina Habba

    According to documents filed in this case and statements made in court:

    From January 2019 through June 2022, Frink, Toal, McBrien, Walker, Lonergan, and their co-conspirators—who were also Amtrak employees—engaged in a scheme to obtain cash kickbacks from health care providers in return for their agreement to allow their health insurance plan to be billed for services that were never provided and were not medically necessary. In total, as a result of the conspiracy, the Amtrak health care plan paid over $11 million in fraudulent claims associated with providers connected to the scheme.

    Each defendant received thousands of dollars in cash kickbacks from health care providers in return for their participation in the scheme, including from Punson Figueroa, an acupuncturist.  Defendants Frink, McBrien, Walker, and Lonergan also received cash kickbacks from Michael DeNicola, a podiatrist. Figueroa previously pleaded guilty to conspiracy to commit health care fraud and was sentenced on September 24, 2024 to 34 months in prison. DeNicola previously pleaded guilty on June 29, 2022 to conspiracy to commit health care fraud, among other offenses. His sentencing remains pending.

    The health care fraud conspiracy charge carries a maximum potential penalty of 10 years in prison and a $250,000 fine. Walker’s and McBrien’s sentencings are scheduled for July 24, 2025.  Lonergan’s sentencing is scheduled for August 20, 2025.  Toal’s sentencing is scheduled for October 23, 2025. Frink’s sentencing is scheduled for October 9, 2025.

    U.S. Attorney Habba credited special agents of the Amtrak Office of Inspector General, under the direction of Special Agent in Charge Michael J. Waters, the Amtrak Police Department, under the direction of Chief of Police Sam Dotson, and special agents of the Drug Enforcement Administration, under the direction of Special Agent in Charge Frank A. Tarentino III in New York, with the investigation leading to the guilty plea.

    The government is represented by Assistant U.S. Attorneys Jessica R. Ecker and Katherine M. Romano of the Health Care Fraud and Opioid Abuse Prevention Unit, and Senior Trial Counsel Barbara Ward of the Bank Integrity, Recovery, and Money Laundering Unit, in Newark.

    The charge and allegations contained in the Indictment against Johnson, Richardson, Bogen, and Jacob are merely accusations, and they are each presumed innocent unless and until proven guilty.

                                                                           ###

    Defense counsel:  Sarah Sulkowski, Esq. (for Kevin Frink)

        Michael Chazen, Esq. (for Michael Toal)

                                Michael V. Calabro, Esq. (for David McBrien)

                                Michael Rosas, Esq. (for Damany Walker)

                                Bruce S. Rosen, Esq. and Sarah Fehm Stewart, Esq. (for David Lonergan)

    MIL Security OSI

  • India-Italy relations on upward trajectory; Jaishankar expresses gratitude for support after Pahalgam attack

    Source: Government of India

    Source: Government of India (4)

    Lauding the strengthening ties between India and Italy, External Affairs Minister S. Jaishankar on Wednesday said that the relations between the two nations are on an upward trajectory, marked by renewed momentum in political dialogue, official visits, and growing mutual interest. He reiterated India’s commitment to consolidating the India-Italy Strategic Partnership.

    Speaking at Italy’s National Day celebrations in Delhi on Wednesday, Jaishankar highlighted the shared maritime interests and commitment to freedom of navigation between the two peninsular nations.

    “Whether in the Indo-Pacific or the Indo-Mediterranean, India and Italy share maritime interests and a common commitment to ensuring freedom of navigation and shipping. Italy’s increased presence in the Indo-Pacific, as well as its participation under the Indo-Pacific Oceans Initiative (IPOI) pillar of science and technology, will certainly enhance our cooperation further,” he said.

    “India-Italy relations are undoubtedly progressing positively. There is new momentum in political dialogue, exchanges, and interest in each other’s potential, which I am confident will be fully tapped by stakeholders. Let me reaffirm our government’s commitment to strengthening the India-Italy Strategic Partnership,” he added.

    Jaishankar expressed gratitude to Italy for its support following the terrorist attack in Pahalgam, Jammu and Kashmir. He noted India’s “firm, resolute, and measured response” in targeting terror centers and launch pads.

    “Let me begin by conveying our best wishes to the government and people of Italy on your National Day. We are thankful, Ambassador, for Italy’s solidarity and support following the barbaric terror attack in Pahalgam, Jammu and Kashmir,” he said.

    Referring to Operation Sindoor, launched in response to the attack, Jaishankar said, “India responded firmly and decisively by destroying relevant terror centers and launch pads. The global community has recognized India’s right to defend its people against acts of terror. We believe the world must uphold a zero-tolerance stance against terrorism and cross-border terrorism.”

    The foreign minister noted that the strategic partnership between India and Italy is rooted in shared values and converging interests and recalled the recent meetings between Prime Minister Narendra Modi and his Italian counterpart, Giorgia Meloni, on the sidelines of the G20 and G7 summits.

    “Our strategic partnership is founded on shared values and converging interests, as reflected in multilateral platforms such as the G20. As the Ambassador mentioned, our Prime Ministers met at both the G20 and G7 summits, and our collaboration continues through initiatives like the IMEC (India-Middle East-Europe Economic Corridor), the Global Biofuels Alliance, the Indo-Pacific Oceans Initiative, the International Solar Alliance, and the Coalition for Disaster Resilient Infrastructure.”

    He added, “Our bilateral relations have gained momentum following the adoption of the Joint Strategic Action Plan for 2025–29 by our Prime Ministers last November. We are optimistic that the roadmap outlined in the GASAP will yield concrete and practical outcomes for both our economies and societies.”

    Jaishankar identified trade and economic cooperation as a vital pillar of the partnership and recalled attending the India-Italy Business, Science, and Technology Forum alongside Italy’s Deputy Prime Minister Antonio Tajani and Minister of University and Research Anna Maria Bernini.

    “Trade and economic cooperation are vital elements of our partnership. Last month, I had the opportunity to attend the India-Italy Business, Science and Tech Forum with Deputy Prime Minister and Foreign Minister Tajani and Minister Bernini. The event brought together business leaders and representatives from universities and research centers in both countries to explore collaboration across multiple sectors. This forum also presents an opportunity to boost our bilateral trade, which currently stands at USD 15 billion annually.”

    “As the world’s fastest-growing major economy, India offers numerous opportunities for investment. Italy’s technologies and best practices in clean energy, agri-tech, logistics, and shipbuilding, among other sectors, can significantly contribute to India’s progress toward becoming a developed nation — Viksit Bharat — by 2047,” he said.

    The foreign minister also acknowledged the strong Indian diaspora in Italy and expressed confidence in the future growth of mobility for professionals and academics between the two countries.

    “The Indian diaspora in Italy is among the largest in the European Union. They are well-received and recognized for their contributions across sectors including agriculture, dairy, industry, and healthcare. We are confident that in the future, increased mobility of professionals, academics, and researchers will facilitate a greater exchange of knowledge and talent between our two countries,” Jaishankar said.

  • Centre pulls up e-commerce giants over ‘dark patterns’, calls for immediate compliance

    Source: Government of India

    Source: Government of India (4)

    In a sharp message to e-commerce platforms, the Ministry of Consumer Affairs on Wednesday urged companies to eliminate the use of “dark patterns” — deceptive user interface designs aimed at misleading consumers — warning that failure to comply could invite regulatory action.

    Chairing a high-level stakeholder meeting in New Delhi, Union Minister for Consumer Affairs and Renewable Energy, Pralhad Joshi said today’s consumers are informed and will not tolerate manipulative online practices. He directed e-commerce companies to conduct self-audits and remove such patterns proactively, instead of waiting for intervention from the Central Consumer Protection Authority (CCPA).

    The meeting saw participation from major industry players including Amazon, Flipkart, Google, Zomato, and Meta, as well as law universities, consumer organisations, and industry bodies like FICCI and NASSCOM.

    Officials highlighted a surge in complaints related to dark patterns on the National Consumer Helpline, prompting the development of tools like the Jagriti App, Jago Grahak Jago App, and the Jagriti Dashboard to help consumers report deceptive designs and access platform safety scores.

    Nidhi Khare, Secretary, Department of Consumer Affairs, said that dark patterns undermine consumer rights and breach the safety pledges many firms had taken on National Consumer Day 2024. Additional Secretary Bharat Harbanslal Khera pointed out that India is among the first countries to issue dedicated guidelines defining and prohibiting 13 types of dark patterns under the Consumer Protection Act.

  • MIL-OSI USA: MPP Workers Escalate Fight for Fair Contract as Tensions Rise in Indiana and Pennsylvania

    Source: Communications Workers of America

    Union Members Protest Unfair Labor Practices in Campbellsburg and Authorize Strike in St.Marys Amid Concerns Over Mill Point Capital’s Real Estate Deal

    CAMPBELLSBURG, IN — Union workers at Metal Powder Products (MPP) on Tuesday, May 27, protested the company’s failure to negotiate a fair contract and its ongoing pattern of alleged labor violations. The informational picket took place outside the Company’s facility on Oak Street, Campbellsburg, during both morning and afternoon shift changes while employees were not working.

    For nearly a year, the union has been at the bargaining table with MPP management; yet there is still no tentative agreement in sight. Workers complain the company continues to delay progress, reject basic improvements—including fair wages and raises, 401(k) matching, affordable insurance, and the restoration of earned vacation time that was taken away and replaced with an “earn-as-you-go” system.

    Adding to frustrations, the National Labor Relations Board is currently investigating four open Unfair Labor Practice (ULP) charges against MPP. The charges allege that the company:

    • Coercively interrogating employees and removing union literature from employees’ personal belongings
      Case No. 25-CA-344432 – Filed June 14, 2024
    • Surveilling employees for union activity 
      Case No. 25-CA-347666 – Filed August 5, 2024
    • Withholding raises for 2024 and refusing to perform annual evaluations
      Case No. 25-CA-352384 – Filed October 9, 2024
    • Coordinating a surprise search with police and K-9 units without bargaining with the union to impasse
      Case No. 25-CA-364136 – Filed April 21, 2025

    “It felt like a raid — police with dogs going through the facility with no warning,” said one MPP worker. “There was no incident or reason for it. It felt like an attempt to scare us, to punish us for standing together. We’re not the enemy. We’re the people who’ve kept this place running and helped build MPP into what it is. This community has always supported this company, but we deserve respect and fairness in return.”

    These charges allege serious violations of federal labor law, including surveillance, interrogation, unilateral changes to working conditions, and bad faith bargaining. More information about the open cases can be found at the National Labor Relations Board’s public docket: https://www.nlrb.gov/search/case.

    Though MPP remains a major employer in the close-knit town of Campbellsburg, Indiana, workers argue the company has not acted in a way that reflects shared values or community responsibility.

    MPP’s private equity owner, Mill Point Capital, recently sold the company’s real estate to an outside firm in a sale-leaseback deal. The union is concerned this real estate transaction delivered a large cash payout to investors while saddling the company with long-term lease obligations and is investigating further. The union workers feel that that real estate decision, combined with the company’s perceived stalling at the bargaining table, raises serious questions about the company’s long-term stability and commitment to the workers and town it relies on.

    MPP Workers are calling on company leadership to stop their tactics and negotiate in good faith. They are also encouraging community members to show support, as the fight for a fair contract is also a fight for good jobs and economic stability in Campbellsburg.

    Campbellsburg, Indiana, isn’t the only MPP site experiencing rising labor tensions. On Wednesday May 21, 2025, MPP union workers at MPP’s St.Marys, Pennsylvania, facility overwhelmingly authorized a strike after rejecting the company’s contract offers for the fourth time. Workers described the proposal as deeply offensive, citing that the modest raises offered would be wiped out by increased healthcare costs and other cuts, including a reduced 401(k) match and the elimination of bonus pay for perfect attendance, which many rely on to make ends meet.

    MPP is a manufacturer of powder metal components intended for the automotive, hydraulic and medical sectors. Workers at MPP make customized engineered gears and sprockets. Some of its major customers include Danfoss Power Solutions, Hydro-Gear, Takako America Co., Inc, Tuff Torq Corporation, Bosch Rexroth Corporation, Pentair, Fass Diesel Fuel Systems, JB Industries. MPP is a privately held portfolio company of Mill Point Capital.

     
    Union workers at Metal Powder Products (MPP) on May 27, protested the company’s failure to negotiate a fair contract. The informational picket took place outside the Company’s facility on Oak Street in Campbellsburg.  

    # # #

    As the Industrial Division of CWA, IUE-CWA represents a force of 150,000 active and retired men and women united collectively to seek dignity on the job and a secure future for ourselves, our children and all future generations. IUE-CWA represents production workers at 3 of the 7 US-based MPP plants. MPP has one additional plant in China.

    MIL OSI USA News

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

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) announced the availability of low interest federal disaster loans to private nonprofit (PNP) organizations in Arkansas affected by severe storms, tornadoes, and flooding occurring April 2-22.

    The disaster declaration covers the Arkansas counties of Clark, Clay, Craighead, Cross, Dallas, Desha, Fulton, Greene, Hempstead, Hot Spring, Izard, Jackson, Lafayette, Lawrence, Lee, Little River, Lonoke, Marion, Miller, Monroe, Montgomery, Nevada, Newton, Pike, Poinsett, Prairie, Pulaski, Randolph, Saline, Scott, Searcy, Sevier, Sharp, St. Francis, Stone and Woodruff.

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

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

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

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

    Interest rates are as low as 3.62% for PNPs with terms up to 30 years. Interest does not begin to accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA will set loan amounts and terms based on each applicant’s financial condition.

    The SBA encourages applicants to submit their loan applications promptly. Applications will be prioritized in the order they are received, and the SBA remains committed to processing them as efficiently as possible.

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

    The deadline to return physical damage applications is July 21, 2025. The deadline to return economic injury applications is Feb. 23, 2026.

    ###

    About the U.S. Small Business Administration

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

    MIL OSI USA News

  • MIL-OSI USA: SBA Offers Relief to Missouri Private Nonprofits Affected by March Storms

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) announced the availability of low interest federal disaster loans to private nonprofit (PNP) organizations in Missouri affected by severe storms, straight-line winds, tornadoes and wildfires occurring March 14-15.

    The disaster declaration covers the Missouri counties of Bollinger, Butler, Callaway, Carter, Dunklin, Franklin, Howell, Iron, Madison, New Madrid, Oregon, Ozark, Perry, Phelps, Reynolds, Ripley, Scott, Shannon, Stoddard and Wayne.

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

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

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

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

    Interest rates are as low as 3.62% for PNPs with terms up to 30 years. Interest does not begin to accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA will set loan amounts and terms based on each applicant’s financial condition.

    The SBA encourages applicants to submit their loan applications promptly. Applications will be prioritized in the order they are received, and the SBA remains committed to processing them as efficiently as possible.

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

    The deadline to return physical damage applications is July 21, 2025. The deadline to return economic injury applications is Feb. 23, 2026.

    ###

    About the U.S. Small Business Administration

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

    MIL OSI USA News

  • MIL-OSI USA: Updated Risk Management Framework Supports Success of Marine Energy Devices

    Source: US National Renewable Energy Laboratory


    NREL’s hydraulic and electric reverse osmosis (HERO) wave energy converter (WEC) is seen anchored off Jennette’s Pier in Nags Head, North Carolina. This is NREL’s first marine-powered desalination device to weather ocean waters. Photo by John McCord / Coastal Studies Institute

    The life of a wave energy converter (WEC) may sound idyllic—bobbing on ocean waves all day or swaying underwater, quietly generating electricity for the people living and working near shore.

    But in reality, it takes a lot of careful planning for salt water and electronics to achieve that perceived state of bliss. And that is where a robust risk management plan can find ways to make that pairing work.

    The National Renewable Energy Laboratory’s (NREL’s) Marine Energy Technology Development Risk Management Framework gives marine energy researchers and developers a comprehensive process to break down their approach and any variables that may impede or accelerate their success. The tool includes technical components, environmental conditions, funding sources, staffing, stakeholder support, deployment permits, and more.

    With a greater understanding of each factor and its underlying components, the framework enables groups to better manage uncertainties (both positive and negative) and develop effective contingency plans.

    “You might have one little vulnerable part that costs 10 cents to buy, like an O-ring, but the effects of it failing might be a $1 million loss because it leads to water entering a sealed chamber,” said David Snowberg, NREL engineer and lead author on the report. “That kind of information is useful to know early on.”

    Calculating the Odds

    The revised framework includes a new template for assessing failure modes, their effects, and their potential causes, which are prioritized through a criticality analysis. This free, public tool can help organizations prioritize their investments while minimizing potential damage and costs.

    Senior mechanical engineer David Snowberg (left) leads a tour of the Composites Manufacturing Education and Technology facility for Colorado state representatives in 2022. Photo by Werner Slocum, NREL

    “A risk register provides a structured approach for managing all sources of uncertainty that might impact your objectives,” Snowberg added. “That uncertainty can also be opportunities where potential unknowns become benefits to your project. A risk register can help you manage both those positive and negative uncertainties.”

    He emphasized that it is critical to consider more than just the technical components of a project. Human aspects, such as stakeholder support, are equally important factors in the overall success and timeline of a project.

    “Ignoring risks is rarely a good approach,” said Scott Jenne, NREL ‘s marine energy desalination lead. “They usually come back and cause greater problems than if you had dealt with them early on.”

    Using the marine energy risk management framework, people can identify risks, analyze them, and then plan a response. This cycle continues throughout the course of a project so that groups have a responsive, adaptable way to monitor and manage any type of uncertainty that they encounter.

    Putting It Into Practice

    At NREL, Snowberg is working through the framework with Jenne and the team that designed and built the hydraulic and electric reverse osmosis WEC (HERO WEC), a wave-powered desalination device that has gone through extensive laboratory testing and five ocean installations in North Carolina’s Outer Banks. 

    “The HERO WEC is able to desalinate seawater using either the hydraulic configuration or the electric configuration—so it has two different energy conversion systems that can be swapped out based on the specific area of research the team is focusing on, which makes it at least twice as complicated as it would be otherwise,” Snowberg said.

    Having worked through multiple designs since 2020, Jenne noted, “The complexity increases due to the need to integrate two unique conversion systems on the same device and the fact that you’ve added more things that depend on each other.”

    The hydraulic and electric reverse osmosis (HERO) wave energy converter (WEC) device preparing for its ocean deployment at the Coastal Studies Institute, East Carolina University Outer Banks Campus. Photo by Andrew Simms, NREL

    For a device like the HERO WEC, it is not just about basic functionality—survivability is also a key priority. What would it need to survive a 1-in-50-year storm? And what types of conditions would that storm create, from waves and winds to currents and surf?

    “The marine environment is harsh,” Snowberg said. “Getting things to survive the corrosion, the biofouling, and everything out there is challenging.”

    The HERO WEC team is currently redesigning the second version of the device and leveraging the risk management framework throughout their process—helping them apply lessons learned to build on past successes and steer clear of previous challenges.

    “It’s really important that we design HERO WEC to be highly survivable and reliable,” Jenne said. “Having this framework is a critical tool for us to be able to evaluate what might go wrong before we build another physical model.”

    Since the development of the original framework 10 years ago, the U.S. Department of Energy’s Water Power Technologies Office has worked closely with NREL to incorporate key components and uphold specific requirements for projects with open water testing that they support.

    Snowberg emphasized that the risk management processes are tools for success, meant to meet people where they are at and provide guidance at any stage of project development.

    “If you can manage the uncertainty of your project in a way that you see those benefits, then it’s something you’ll be motivated to continue doing,” Snowberg said. “I’ve been at NREL for 15 years, and managing risks to help support marine energy has been the most fulfilling and rewarding type of project that I’ve worked on because it has the most tangible impact.”

    With these concrete tools in hand, WPTO and NREL can help pave the way for the marine energy industry to find clearer, quicker paths to success.

    Co-authors on the Marine Energy Technology Development Risk Management Framework include Ritu Treisa Philip, NREL mechanical engineer, and Jochem Weber, chief engineer of NREL’s Water Power program.

    MIL OSI USA News

  • MIL-OSI Security: Five arrests after protesters target film set

    Source: United Kingdom London Metropolitan Police

    Four people have been arrested after they targeted the filming of a new movie.

    In recent weeks, protesters have disrupted filming at various locations across London. They have done so solely because an actress involved in the production is Israeli.

    On Wednesday, 28 May officers were deployed to a filming location in Westminster to identify suspects wanted in connection with offences at earlier protests and to deal with any new offences.

    Five people were arrested for harassment and offences under Section 241 of the Trade Union and Labour Relations Act which deals with wrongfully and unlawfully obstructing access to a workplace.

    Two of the arrests relate to incidents at previous protests while three relate to offences that took place today.

    Superintendent Neil Holyoak, who oversaw today’s policing operation, said: “While we absolutely acknowledge the importance of peaceful protest, we have a duty to intervene where it crosses the line into serious disruption or criminality.

    “We have been in discussions with the production company to understand the impact of the protests on their work and on any individuals involved.

    “I hope today’s operation shows we will not tolerate the harassment of or unlawful interference with those trying to go about their legitimate professional work in London.”

    Those who were arrested remain in custody.

    MIL Security OSI

  • MIL-OSI: Kommunitas Sets New Milestone with $34.87M Raised, Pioneers Safer Token Launch Alternatives

    Source: GlobeNewswire (MIL-OSI)

    Kommunitas, a leading decentralized crowdfunding ecosystem, proudly announces a major achievement in its journey: successfully raising $34.87 million through 236 launched projects with participation from 12,684 unique wallets as part of its flagship IKO (Initial Kommunity Offering) program. This milestone reaffirms Kommunitas’ reputation as a powerful launchpad for early-stage crypto ventures and an inclusive platform empowering global communities.

    Redefining Fair Launch: Kommunitas Gears Up to Rival Pump.fun
    JAKARTA, Indonesia, May 28, 2025 (GLOBE NEWSWIRE) — Kommunitas is preparing to disrupt the DeFi launchpad landscape with its upcoming fair launch platform, a robust and transparent alternative aimed at challenging the dominance of Pump.fun. With a target of capturing 5% of its rival’s market share, the new Kommunitas Fairlaunch platform addresses critical flaws in current models—such as rug pulls, bot manipulation, and a lack of transparency—by introducing investor-centric safeguards and decentralized participation mechanisms.

    Key innovations include a refundable mechanism that returns investor funds if a token fails to reach its pool target within seven days, and anti-whale measures that cap wallet purchases at 1% of the total supply to ensure fairness. KYC-enabled livestreams will foster real-time, accountable engagement between project founders and the community, while a revenue-sharing model rewards KOM stakers with a portion of fees and token supply from successful launches. Together, these features set a new standard for secure, fair, and community-driven token launches in the Web3 space.

    “Our community has propelled us to raise $34.87 million and launch 236 projects, and we’re just getting started,” said Robby Jeo, CEO of Kommunitas. “KOM Fairlaunch is our answer to the demand for safer, fairer token launches. Unlike platforms like Pump.fun, we prioritize security, fairness, and community rewards—setting a new standard for the industry.”

    Empowering the Community with Launchvote: A Zero-Fee Launch Revolution

    To further strengthen its commitment to decentralization and community empowerment,
    Kommunitas has introduced Launchvote—a monthly, zero-fee initiative that gives KOM holders the power to decide which projects get to launch on the platform for free. With the Launch Vote, projects can compete for community votes, and the most-voted project will be able to launch on Kommunitas without paying any platform fees. This zero-cost launch incentive will encourage projects to mobilize their communities, bringing more engagement and organic growth to the Kommunitas ecosystem. From the 15th to 20th of each month, users who stake at least 3,000 KOM receive KOMV tokens, enabling them to vote for the most promising projects vying for a cost-free launch slot.

    This democratic approach promotes full community governance, eliminates platform fees for winning projects, and fuels deeper engagement across the ecosystem. By incentivizing projects to activate and rally their communities for votes, Launchvote not only increases participation but also fosters organic growth and transparency. It stands as a testament to Kommunitas’ mission of building a more inclusive and sustainable Web3 launchpad.

    About Kommunitas:
    Kommunitas is a decentralized and tier-less crowdfunding ecosystem enabling startups and blockchain projects to launch and grow through fair, transparent, and community-governed mechanisms. With innovative programs like IKO, Fairlaunch, and Launchvote, Kommunitas is redefining what it means to build in Web3—openly, collaboratively, and securely.

    For more information, visit kommunitas.net

    Contact Information:
    Robbie Jeo, CEO
    Email: bizdev@kommunitas.net

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

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7ecf270c-4812-4d51-93b8-d7413e12594a

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2a52398a-0441-4314-9c1f-55531c39721f

    The MIL Network

  • MIL-OSI: Chillpepe Reinvents the Memecoin Model with Real Utility, DeFi Integration, and AI-Powered Safety Layers

    Source: GlobeNewswire (MIL-OSI)

    With $CEPE at the center, Chillpepe introduces a new standard for memecoins, combining high-yield staking, decentralized tools, and anti-scam mechanisms to earn the trust of the Web3 community.

    MIAMI, May 28, 2025 (GLOBE NEWSWIRE) — Chillpepe, an emerging memecoin project built on Ethereum, is taking bold steps to bridge the gap between fun-driven community tokens and real-world financial tools. By integrating $CEPE with staking mechanisms, AI-powered safety protocols, and practical launchpad governance, Chillpepe aims to deliver a full-stack ecosystem that protects users while empowering creativity and growth.

    While many memecoins have historically been driven by hype and short-term speculation, Chillpepe introduces a structure of trust, utility, and sustainability to the genre. The project’s mission is not just to entertai, but to provide real, accessible tools for token creation, decentralized fundraising, and passive income generation.

    Redefining Memecoin Trust through DeFi Mechanics

    Chillpepe anchors its utility around $CEPE, an ERC-20 token that fuels every feature within its platform. To encourage long-term participation, the project offers a staking mechanism with dynamic APY, calculated monthly and optimized to reward long-term holders. Users who stake their $CEPE can earn yields up to 180% p.a, while also unlocking access to presale events and early-phase listings on Chillpad.

    Unlike many tokens with vague use cases, $CEPE plays a crucial role in three core systems:

    – Staking & Yield Farming: Locking $CEPE earns dynamic returns and enables participation in future token launches.

    – Tool Access Fees: Access to platform tools—such as Pecasso (AI Meme Generator) and Chillpepe Tokenator (no-code token builder)—requires $CEPE as a native payment token.

    – Launchpad Participation: Projects seeking to list on Chillpad must deposit and stake $CEPE, serving as both a financial and reputational commitment to the community.

    This circular token utility model not only increases demand but also creates a strong alignment between developers, early investors, and the broader community.

    Chillpad: A Smarter, Safer Launchpad for New Projects

    At the heart of the Chillpepe ecosystem is Chillpad, a launchpad purpose-built for memecoins and community-driven projects. Unlike traditional launchpads that rely solely on manual reviews or hype, Chillpad introduces AI-assisted vetting tools to evaluate project quality before listing.

    The built-in risk filter assesses code integrity, team transparency, and roadmap viability—ensuring that only trustworthy projects are presented to the Chillpepe community. This system significantly reduces the risk of rug pulls and scams, which have plagued the memecoin space in recent years.

    Furthermore, community members who stake $CEPE can gain early access to vetted projects, participate in fee-sharing mechanisms, and help govern which listings move forward. The result is a launchpad model that prioritizes transparency, fairness, and long-term value creation.

    A Full-Stack Ecosystem, Powered by AI and Community Vibes

    Beyond its launchpad and token utilities, Chillpepe offers a range of decentralized tools tailored for creators and builders in the Web3 space:

    – Pecasso: An AI-powered meme creation tool that helps users generate viral content, avatars, banners, and NFTs — regardless of their design experience.

    – Chillpepe Tokenator: A no-code interface to deploy ERC-20 tokens safely and instantly, complete with anti-rug measures and audit-based templates.
    Integrated Wallet Access: Seamless connection to wallets such as MetaMask, enabling smooth onboarding and direct participation in staking, purchases, and governance.

    By combining AI innovation with decentralized architecture, Chillpepe offers an experience that is both secure and user-friendly—making it easy for anyone to become a creator, investor, or community contributor.

    Community-Driven, Globally Connected

    Chillpepe recognizes that trust in Web3 begins with transparency and shared values. The project’s ongoing community growth is supported by active engagement across major platforms and international outreach campaigns. Through meme contests, staking incentives, and educational content, Chillpepe is building a global base of holders, builders, and collaborators.

    Explore Chillpepe online:

    Telegram: https://t.me/chillpepediscussion

    Twitter/X: https://x.com/Chill_PEPE2025

    YouTube: https://www.youtube.com/@ChillPepe2025

    Instagram: https://www.instagram.com/chillpe.pe/

    Website: www.chillpepe.ai

    Contact: hi@chillpepe.ai

    Name: Pepper Mintz

    About Chillpepe

    Chillpepe is a decentralized memecoin project built on Ethereum, designed to combine community energy with financial innovation. By leveraging smart contracts, staking rewards, AI-powered tools, and a secure launchpad ecosystem, Chillpepe provides users with a trusted platform for creating, holding, and launching tokens. $CEPE is the native token driving this ecosystem, powering utility access, staking rewards, and launchpad governance.

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

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/30eda3e1-ef54-49a9-b053-dc8c3d98f96f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/356734f1-7e14-42f7-a2c4-8289c0457775

    https://www.globenewswire.com/NewsRoom/AttachmentNg/431a1c66-6789-4b7c-be59-bbdc19af850e

    The MIL Network

  • MIL-OSI USA: SEC Announces Agenda, Panelists for Roundtable on Crypto DeFi

    Source: Securities and Exchange Commission

    The Securities and Exchange Commission’s Crypto Task Force has announced the agenda and panelists for its June 9 roundtable, “DeFi and the American Spirit.”

    “DeFi exemplifies the promise of crypto, as it allows people to interact without intermediaries,” said Commissioner Hester M. Peirce, head of the Crypto Task Force. “I look forward to learning from the panelists about how we can create a regulatory environment in which DeFi can thrive.”

    The roundtable, announced in March as part of a series, will be held at the SEC’s headquarters at 100 F Street, N.E., Washington, D.C. from 1 p.m. – 5 p.m. The event will be open to the public and webcast live on the SEC’s website. Doors will open at 12 p.m.

    For online attendance, registration is not necessary; a link to watch the event will be available on June 9 on www.sec.gov. For in-person attendance, please register here.

    Attendees will be able to pose questions to the panelists during a townhall portion of the event, or by emailing crypto@sec.gov during the event.

    To learn more about the Crypto Task Force and the roundtable topics, please visit the Crypto Task Force webpage.

    Agenda

    1:00 p.m. –

    1:30 p.m.

    Opening/Welcome Remarks from the U.S. Securities and Exchange Commission:

    • Richard B. Gabbert, Chief of Staff, Crypto Task Force
    • Chairman Paul S. Atkins
    • Commissioner Caroline A. Crenshaw
    • Commissioner Mark T. Uyeda
    • Commissioner Hester M. Peirce

    1:30 p.m. –

    3:00 p.m.

    Roundtable: DeFi and the American Spirit

    Moderator:

    • Troy Paredes, Paredes Strategies LLC

    Panelists:

    • Jill Gunter, Espresso Systems
    • Michael Jordan, DBA
    • Omid Malekan, Columbia Business School
    • Michael Mosier, Arktouros
    • Rebecca Rettig, Jito
    • Gabe Shapiro, MetaLeX
    • Peter Van Valkenburgh, Coin Center
    • Erik Voorhees, Venice AI
    • Kevin Werbach, Wharton School

    3:00 p.m. –

    3:30 p.m.

    Break

    3:30p.m. –

    4:55 p.m.

    Town Hall

    4:55 p.m. –

    5 p.m.

    Closing Remarks:

    • Commissioner Hester M. Peirce

    MIL OSI USA News

  • MIL-OSI Russia: Kyrgyzstan places sovereign Eurobonds on international capital markets for the first time

    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

    BISHKEK, May 28 (Xinhua) — Kyrgyzstan has successfully completed its debut placement of sovereign Eurobonds on international financial markets in the amount of 700 million US dollars at a coupon rate of 7.75 percent for a period of 5 years, the press service of the Ministry of Finance of Kyrgyzstan reported on Wednesday.

    As noted by the department, the total demand from investors at the peak amounted to over $2.1 billion, which ensured an oversubscription rate three times greater than the final volume of the deal. More than 100 international investors from the US, Europe and Asia took part in the placement process.

    “Kyrgyzstan views the successful entry into the Eurobond market as an important step in strengthening the country’s investment image, attracting long-term resources for the development of infrastructure and energy, and increasing the sustainability of public finances,” the Kyrgyz Ministry of Finance said in a statement. –0–

    MIL OSI Russia News

  • MIL-OSI Global: Anxious over AI? One way to cope is by building your uniquely human skills

    Source: The Conversation – Canada – By Nitin Deckha, Lecturer in Justice Studies, Early Childhood Studies, Community and Social Services and Electives, University of Guelph-Humber

    The concern over the loss and transformation of work by generative AI is well-founded and widely documented. (Shutterstock)

    We live in a time of growing anxiety and fear, where the disruptive forces of artificial intelligence (AI), automation, Big Data, virtual reality and augmented reality loom ominously over people’s lives.

    In a recent Scientific American article, psychologist Mary Alvord described how these anxieties are manifesting in her clients. Their concerns ranged from the increase in students cheating with generative AI to the erosion of online data privacy, to more existential fears of job loss and even the “possibility of overall human obsolescence.”

    These aren’t abstract concerns. Beyond the psychologist’s chair, the concern over the loss and transformation of work by generative AI is well-founded and widely documented by academic research studies and reports. As AI becomes more capable and embedded in daily routines, anxieties surrounding it are likely to intensify.

    The future of work

    The World Economic Forum’s (WEF) 2025 Future of Jobs Report found that 85.7 per cent of employers surveyed see AI, information processing, Big Data, virtual reality and augmented reality as the biggest technological driver of business transformation. Robots and automation follow at 57.8 per cent.

    While the report notes that long-term productivity gains from these technologies remain uncertain, it found that certain jobs are being impacted more than others. Roles where generative AI can mimic human capacities — like data entry, administration, legal and executive secretaries, claim adjusters and examiners, and graphic designers — are declining the fastest.

    These findings are corroborated by a recent joint report from the International Labour Organization (ILO) and Poland’s National Research Institute. It found that 25 per cent of jobs are at risk of being changed by generative AI, a number that jumps to 34 per cent in higher-income countries.

    Roles where generative AI can mimic human capacities, like administration, are most at risk of job loss.
    (Shutterstock)

    The report also noted a gendered impact: in high-income countries, 9.6 per cent of jobs held by women are at high risk of automation, compared to just 3.5 per cent of jobs held by men.

    The impact on clerical jobs noted by the WEF is supported by ILO’s data as well. Joining these roles are what the ILO describes as “highly digitized cognitive jobs in media, software, and finance-related” fields.

    The significant exposure of jobs such as securities and finance dealers and brokers, software developers, financial advisers, authors and writers, translators, interpreters and journalists underscores the encroachment of generative AI onto all sorts of “thinking” and creative work.

    It is no wonder psychologists like Alvord suggest some humans are questioning what role they will have in the future world of work.

    Work in a time of disruption

    The COVID-19 pandemic and its impact on work — including the “great resignation” which saw record numbers of employees quitting their jobs — encouraged workers to reflect on their relationship to work.

    Although workplace trends like remote work, flexible hours and employees re-evaluating their job expectations were already underway before the pandemic, COVID-19 accelerated these shifts.

    According to futurists at Policy Horizons Canada, there are a number of “game changers” transforming the future of work. Disruptive technologies like generative AI and automation are just one driver.




    Read more:
    Generative AI can boost innovation – but only when humans are in control


    Another major force is the fraying of the social contract between employers and employees. This shift speaks to larger currents of anxiety, fear and employee disengagement and low morale. Put simply, employers and employees are no longer investing in each other as much as before.

    With the erosion of benefits, the rise of the gig economy and the increasing cost of living, employees were already feeling vulnerable and anxious about their work before the launch of ChatGPT in 2023.

    How can we cope with AI anxiety?

    As with any form of anxiety, it’s important to acknowledge your feelings and take steps to avoid becoming overwhelmed.

    Psychologists suggest several specific strategies for managing anxiety about generative AI. These include: trying out AI tools to figure out how and where they can be useful; taking breaks from technology to restore and revitalize; building new skills; and pursuing activities that activate human creativity and imagination.

    I would like to expand on the third strategy — building new skills. In a recent research study, my colleagues and I investigated the skills that are required to succeed in the future of work. We reviewed six research studies from around the world and created a skills inventory of future of work skills.

    One of the most effective responses to anxiety about AI is focusing on developing our own human capacities.
    (Shutterstock)

    We identified 10 skills that were most frequently identified as key for the future of work: collaboration, communication, creativity and innovation, critical thinking, cross-cultural competency, decision-making and judgment, learning/willingness to learn, problem-solving and social intelligence/perceptiveness.

    For those concerned about remaining employable in the face of AI disruption, focusing on these skills is a practical starting point, as they are likely to remain in demand as workplaces evolve.

    Importantly, all these skills are “human” skills, meaning not digital or technological. In this context, perhaps one of the most effective responses to anxiety about AI is focusing on developing our own human capacities.

    Rethinking our relationship with AI and work

    Researchers argue that the disruptive potential of AI in the workplace involves one of three channels: replacing aspects of human work; complementing or augmenting human workers and their skills; and creating new tasks for workers.

    Of these, the second — complementing or augmenting human work — might be the best path forward. Rather than viewing generative AI solely as a threat, it can be seen as a tool that enhances human abilities.

    Exploring how our own cognitive and creative capacities could be augmented through “collaborative intelligence” with generative AI, might be a useful antidote to being anxious about it.

    Such collaboration may also catalyze our re-imagining of our relationship to work and enhance our sense of purpose in a rapidly changing world.

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

    ref. Anxious over AI? One way to cope is by building your uniquely human skills – https://theconversation.com/anxious-over-ai-one-way-to-cope-is-by-building-your-uniquely-human-skills-256213

    MIL OSI – Global Reports

  • MIL-OSI: AI Finder: Bringing Smart Crypto Investing to the Masses

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 28, 2025 (GLOBE NEWSWIRE) — AI Finder, an ambitious blockchain-AI project built to empower the next generation of crypto investors, has officially launched. With the rapid development of AI technology and its transformative impact on global industries, AI Finder introduces a powerful alternative to centralized platforms by combining decentralized GPU infrastructure with user-customizable AI investment tools.

    The project’s mission is clear: make AI accessible, affordable, and actionable—especially for those navigating the volatile and data-heavy crypto markets. By tapping into underutilized GPU power from around the world, AI Finder lowers the technical and financial barriers that have traditionally excluded everyday users from AI-powered investing.

    Transforming Investment Through AI and Decentralization

    At the heart of AI Finder is a fully decentralized GPU network (“De-GPU”) that allows users and enterprises to contribute spare GPU power to the network. This model not only makes it easier to scale AI training and execution, but also opens up new earning opportunities for both contributors and investors.

    Unlike conventional crypto dashboards or research platforms, AI Finder empowers users to build, train, and deploy their own AI models tailored to their individual investment goals. Whether analyzing low-cap tokens, assessing airdrop potential, or forecasting price movements of the top 100 cryptocurrencies, AI Finder automates the heavy lifting using real-time data, AI inference engines, and pre-built templates.

    This launch marks a significant shift in how investment decisions are made, replacing fragmented tools and gut feelings with precision-driven strategies built on machine learning.

    A Purpose-Built Ecosystem for Smarter Investing

    The foundation of AI Finder lies in its all-in-one ecosystem, designed to support every stage of a crypto investor’s journey. At its core is a decentralized GPU network that powers the training and inference of AI models using computing resources contributed by the community. This is complemented by the AI Model Builder, which offers both no-code and low-code environments for users to design investment strategies tailored to their individual risk profiles and financial goals.’

    The AI Insight Generator helps cut through the noise by transforming complex on-chain data, market news, and token stats into simple, useful insights investors can act on. Layered on top of this is a proprietary large language model (LLM) developed specifically for crypto markets—enabling natural-language querying and decision support unlike anything available through traditional research tools. Together, these components create a seamless, AI-native infrastructure for smarter, faster, and more confident investment decisions.

    Addressing Real Challenges in AI and Crypto

    AI Finder addresses some of the most persistent challenges in both the AI and cryptocurrency landscapes. First, it tackles the growing GPU shortage and the soaring costs of AI computing. By decentralizing access to GPU power, the platform lowers the barrier to entry for both model builders and users who otherwise couldn’t afford high-performance infrastructure.

    It also responds to the issue of fragmented data and information overload. Instead of juggling multiple premium platforms and tools, users can now rely on a single AI-driven interface that streamlines insights and reduces noise. On the security front, its decentralized design replaces traditional centralized systems—which are often opaque, biased, or prone to abuse—giving users more control and transparency over how their data is handled and how models are used.

    Lastly, AI Finder closes the gap in skill accessibility. Its no-code tools make it possible for non-technical investors to build and run sophisticated AI strategies, democratizing technology that was once exclusive to hedge funds and quant teams.

    A Vision for the Future

    AI Finder’s launch is not just a product release—it’s the beginning of a movement toward open, AI-native investing. By combining the precision of artificial intelligence with the openness of blockchain, the platform enables a new class of investors and builders to participate in shaping the financial tools of tomorrow.

    The team behind AI Finder believes that the future of investing will be automated, intelligent, and decentralized—and that every investor deserves access to the same level of insight and infrastructure once reserved for institutions.

    Community Access and Next Steps

    Following its official launch, AI Finder is now opening access to its core modules for early users and contributors. The platform welcomes investors, data scientists, GPU providers, and crypto enthusiasts to participate in shaping its next chapters.

    Join the conversation and become part of the AI-powered investing movement:

    – Telegram: https://t.me/aifinderofficial

    – Twitter/X: https://x.com/AiFinder_world

    – Discord: https://discord.gg/yk2vtguE

    – Contact person name: Peyton Mong

    – Contact person email: support@aifinders.net

    About AI Finder

    Founded in 2024, AI Finder is a decentralized AI infrastructure and trading intelligence platform that helps users build, train, and deploy custom AI models for the crypto market. By utilizing underused GPU resources and offering intuitive AI tools, AI Finder democratizes access to advanced investment insights and algorithmic strategies—making AI-powered investing scalable and inclusive.

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

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7f0bca28-d131-4561-adad-195607643fd7

    https://www.globenewswire.com/NewsRoom/AttachmentNg/21e9f91a-8a99-45a7-9449-2344afd780f5

    The MIL Network

  • MIL-OSI USA: Durbin Requests Information from FDA on How the Agency Will Regulate Prescription Drug Advertisements Following Cuts

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin

    May 27, 2025

    Drug manufacturers in the United States spend approximately $6 billion annually on commercials, Durbin has introduced bipartisan legislation to address Big Pharma’s deceptive advertisements

    WASHINGTON U.S. Senate Democratic Whip Dick Durbin (D-IL) today sent a letter to the Food and Drug Administration’s (FDA) Commissioner Dr. Martin Makary requesting information on FDA’s capacity to carry out its mission to regulate direct-to-consumer (DTC) advertisements for prescription drugs in light of recent workforce reductions. Durbin has introduced bipartisan bills to address the harms from DTC drug advertising, by requiring price disclosures and cracking down on misleading promotions online.  As the pharmaceutical industry grows and evolves its advertising practices, Durbin’s letter probes FDA’s ability to oversee DTC drug advertisements, a stated priority of FDA Commissioner Makary and Department of Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr.

    Durbin wrote, “In light of recent workforce reductions at the Food and Drug Administration’s (FDA) Office of Prescription Drug Promotion (OPDP), and your recent public statements expressing an interest in “mak[ing] sure that the information being presented … in those ads … is a complete picture,” I write to understand FDA’s operational capacity to carry out its mission to regulate direct-to-consumer (DTC) advertisements for prescription drugs.”

    FDA regulates DTC advertisements for pharmaceuticals to ensure they are not false or misleading, by disclosing side effects, contraindication, and effectiveness information to the public. Under federal law and regulations, FDA requires that prescription drug advertisements be truthful, not misleading, and balanced—failure to do so risks FDA enforcement action, including civil monetary penalties. Drug manufacturers in the United States spend approximately $6 billion annually in DTC prescription drug advertisements, with approximately one-third of all commercial time across evening news programs consumed with these pharmaceutical promotions. The United States is one of only two developed countries in the world that permit such pharmaceutical commercials. 

    Durbin continued, “A recent study in the Journal of the American Medical Association found that more than two-thirds of drugs advertised on television were considered ‘low therapeutic value.’  This creates concern for taxpayers, as a review from the Government Accountability Office that I requested with Senator Grassley found that prescription drugs advertised on television accounted for 58 percent of Medicare’s overall spending on prescription drugs between 2016-2018.  In 2022, the two most-advertised drugs on television alone accounted for $1.7 billion in Medicare spending.”

    As part of FDA’s mission to protect public health, the agency conducts regulatory oversight of DTC advertisements for pharmaceuticals.  FDA enforces Section 502 of the Federal Food, Drug, and Cosmetic Act, as well as its implementing regulations at 21 CFR 202.1, to ensure prescription drug advertisements are not false or misleading, including by communicating side effects, contraindication, and effectiveness information to the public. FDA’s responsibility has grown to meet the explosion of DTC advertising on new mediums, including social media.  In 2012, FDA received submissions from the pharmaceutical industry comprising 78,696 promotional drug communication materials—by 2024, the agency received 149,516 such materials.  And in the last six months of 2024, FDA issued four important untitled letters to manufacturers to seek corrections to their false or misleading pharmaceutical advertisements.

    In the letter, Durbin expressed concerns that four top leaders in FDA’s Office of Prescription Drug Promotion (OPDP) have departed.

    Durbin wrote, “According to recent press reports, four top leaders in the FDA’s OPDP have departed, including under Reduction in Force notices, including the Office’s Director and Deputy Director, as well as the Director and Deputy Division Director for the Division of Promotion Policy, Research, and Operations.  Further, the entire Division of Promotion Policy, Research, and Operations also was reportedly laid off. These departures raise major questions about whether FDA has the personnel, expertise, and capacity to fulfill its mission to regulate prescription drug advertisements—especially in light of your and Secretary Kennedy’s scrutiny of these pharmaceutical promotions.”

    In the letter, Durbin also expressed concerns that any gap in regulatory oversight would provide an opening for unscrupulous behavior by industry stakeholders eager to promote medications absent FDA scrutiny.

    To further Durbin’s legislative efforts to address potential harms from misleading prescription drug advertising, he requested responses to a number of questions by June 17, 2025.

    In January, Durbin and U.S. Senator Chuck Grassley (R-IA), senior member and former chairman of the Senate Finance Committee, introduced the bipartisan Drug-price Transparency for Consumers (DTC) Act, a bill that would require price disclosures on advertisements for prescription drugs in order to empower patients and reduce Americans’ colossal spending on medications. 

    Earlier this year, Durbin and U.S. Senator Roger Marshall, M.D. (R-KS) introduced the Protecting Patients from Deceptive Drug Ads Act, which would protect public health and close regulatory loopholes by having FDA address false and misleading prescription drug promotions by social media influencers and telehealth companies.

    Full text of the letter is available here and below:

    May 27, 2025

    Dear Commissioner Makary:

    In light of recent workforce reductions at the Food and Drug Administration’s (FDA) Office of Prescription Drug Promotion (OPDP), and your recent public statements expressing an interest in “mak[ing] sure that the information being presented … in those ads … is a complete picture,” I write to understand FDA’s operational capacity to carry out its mission to regulate direct-to-consumer (DTC) advertisements for prescription drugs.

    Drug manufacturers in the United States spend approximately $6 billion annually in direct-to-consumer (DTC) prescription drug advertisements, with approximately one-third of all commercial time across evening news programs consumed with these pharmaceutical promotions.  It is a similar story when consumers stream their favorite show or scroll through social media.  The United States is one of only two developed countries in the world that permit such pharmaceutical commercials. 

    Department of Health and Human Services (HHS) Secretary Kennedy previously has expressed concern that DTC drug advertising potentially misleads patients about the benefits and risks of the products, while steering patients to the most expensive medications.  You also recently stated that these commercials depict customers “always dancing, always singing, at a certain point you don’t even know what the drugs are for, but you feel like, ‘I give up’, I’ll just take it.”  This may contribute to, as you’ve stated, how the United States has “the most over-medicated, sickest population.”

    Indeed, a recent study in the Journal of the American Medical Association found that more than two-thirds of drugs advertised on television were considered “low therapeutic value.”  This creates concern for taxpayers, as a review from the Government Accountability Office that I requested with Senator Grassley found that prescription drugs advertised on television accounted for 58 percent of Medicare’s overall spending on prescription drugs between 2016-2018.  In 2022, the two most-advertised drugs on television alone accounted for $1.7 billion in Medicare spending.

    I have recently introduced bipartisan legislation to cure deceptive prescription drug advertising by requiring price disclosures in commercials, and closing loopholes exploited by telehealth companies and social media influencers to make false or misleading statements or omit critical safety and side effect information.

    As part of the FDA’s mission to protect public health, the agency conducts regulatory oversight of DTC advertisements for pharmaceuticals.  FDA enforces Section 502 of the Federal Food, Drug, and Cosmetic Act, as well as its implementing regulations at 21 CFR 202.1, to ensure prescription drug advertisements are not false or misleading, including by communicating side effects, contraindication, and effectiveness information to the public. 

    FDA’s responsibility has grown to meet the explosion of DTC advertising on new mediums, including social media.  In 2012, FDA received submissions from the pharmaceutical industry comprising 78,696 promotional drug communication materials—by 2024, the agency received 149,516 such materials.  And in the last six months of 2024, FDA issued four important untitled letters to manufacturers to seek corrections to their false or misleading pharmaceutical advertisements.

    According to recent press reports, four top leaders in the FDA’s OPDP have departed, including under Reduction in Force notices, including the Office’s Director and Deputy Director, as well as the Director and Deputy Division Director for the Division of Promotion Policy, Research, and Operations.  Further, the entire Division of Promotion Policy, Research, and Operations also was reportedly laid off.  These departures raise major questions about whether FDA has the personnel, expertise, and capacity to fulfill its mission to regulate prescription drug advertisements—especially in light of your and Secretary Kennedy’s scrutiny of these pharmaceutical promotions. 

    Additionally, I am concerned that any gap in regulatory oversight would provide an opening for unscrupulous behavior by industry stakeholders eager to promote medications absent FDA scrutiny.  Last month, Novo Nordisk announced a blockbuster partnership to sell Wegovy to patients through telehealth company Hims & Hers.  However, there appear to be promotions on the telehealth company’s website that may be considered advertisements for off-label uses of the drug and also may fail to adhere to FDA’s requirements for providing a “fair balance” of risk information, given the limited safety disclosure that is buried in the text and only accessed via an external link.  A telehealth company that has formally partnered with a drug manufacturer to sell the manufacturer’s blockbuster medication—citing its trademark and other promotional statements—should be subject to the same misbranding standards as the manufacturer.

    To further our legislative efforts to address potential harms from misleading prescription drug advertising, I request responses to the following questions by June 17, 2025:

    1. Who is currently in charge of FDA’s OPDP?
    1. In a letter response to Senators Durbin and Braun last year, FDA stated that OPDP has approximately 70 full-time employees, the majority of whom are responsible for compliance and review activities of promotional drug communications.  What is the current number of FDA OPDP employees, broken down by division and function?
      1. Since January 20, 2025, how many total FDA OPDP employees have lost their jobs due to Reductions in Force; the termination of probationary employees; or other avenues of separation?  Please provide a breakdown by category.
    1. How will the reduction in staff compared to 2024 levels affect OPDP’s activities?
      1. Please describe all functions or activities that have been halted or curtailed as a result of the workforce reductions.
      2. In 2024, OPDP received 83 voluntary submissions for review of draft television advertisements from the pharmaceutical industry, and OPDP issued 82 comment letters in response to those submissions.  How many such voluntary submissions has OPDP received thus far in 2025, and how many comment letters has OPDP issued in response thus far?
      3. Since the data has not been updated since December 2024, how many complaints for potentially false or misleading promotion has OPDP received in 2025, and how many such complaints has OPDP acknowledged in 2025?
    1. Will FDA OPDP obligate its Fiscal Year 2025 funding, provided by Congress in the Full-Year Continuing Appropriations and Extensions Act, 2025 (P.L. 119-4)?

    Thank you for your attention to this matter, I look forward to working with you. 

    Sincerely,

    -30-

    MIL OSI USA News

  • MIL-OSI United Kingdom: UK Government must act now or be forever complicit in Gaza genocide

    Source: Scottish Greens

    Greens call on UK Government to stop supporting Israel’s genocide

    The Scottish Greens co-leader, Patrick Harvie has called on the Labour Government to take immediate and decisive action to end its complicity in what legal experts and international observers increasingly describe as a genocide in Gaza.

    Mr Harvie responded to the powerful statement in a letter signed by more than 800 lawyers, including former Supreme Court justices, which condemns the UK’s failure to uphold international humanitarian law and urges Prime Minister Keir Starmer to impose sanctions on Israeli ministers and consider suspending Israel from the United Nations.

    The letter from legal experts outlines growing evidence of grave breaches of international law, asserting that the UK’s continued inaction places it in clear violation of its own legal obligations under the Genocide Convention and other international frameworks.

    Mr Havie, said:

    “When atrocities are being inflicted on this scale, it doesn’t just warrant condemnation – it demands real, urgent action. Keir Starmer’s recent lukewarm comments about the Netanyahu regime, which even Labour and Tory backbenchers have criticised as inadequate, amount to little more than empty words.

    “Sadly there is a gulf between rhetoric and reality. The Prime Minister claimed to have suspended trade talks with Israel, yet just days later the UK Trade Envoy, Lord Ian Austin, was in Israel as a guest of its government. Even as the UK, France, and Canada issued a joint statement expressing concern, the RAF was deploying surveillance aircraft to assist the Israeli military. This is complicity.

    “The people of Palestine need urgent help, they need strong action from the international community in the face of this genocide. We have consistently called on the UK Government to impose targeted sanctions on the Israeli political and military leaders responsible for these war crimes. They must immediately end all arms exports and military cooperation with Israel, demand an immediate and unconditional ceasefire, recognise the State of Palestine, and advocate for Israel’s suspension from international bodies, including the United Nations, until compliance with international law is resrestored.

    “In Scotland we must act as well. It is not good enough for the Scottish Government to call for an immediate ceasefire and continue to line the pockets of war profiteers. The SNP Government’s business unit, Scottish Enterprise, has poured public money into companies that are arming Israel and profiting from the destruction.

    “The UK cannot continue to provide political cover, arms, and intelligence to a regime that stands accused of war crimes and crimes against humanity. History will remember those who stayed silent and those who took a stand. The time for action is now.”

    MIL OSI United Kingdom

  • MIL-OSI Security: U.S.-U.K. Dual Citizen Indicted for Embezzling More Than $700,000 from D.C. Company

    Source: Office of United States Attorneys

                WASHINGTON – Jeffrey D’Souza, 68, who holds dual US and UK citizenship, is charged by indictment with seven counts of wire fraud and a two-year scheme to embezzle more than $700,000 from his employer.

                The charges, unsealed today, were announced by U.S. Attorney Jeanine Ferris Pirro and FBI Assistant Director in Charge Steven J. Jensen of the Washington Field Office. D’Souza was arrested in New Jersey at Newark International Airport on May 25, 2025.

                According to the indictment, between January of 2021 and December of 2022, D’Souza was employed by the victim company which did business in the District of Columbia. During this period, D’Souza executed a scheme to defraud his company by, among other things, digitally submitting fraudulent invoices. The invoices purported to be from vendors in exchange for goods and services provided to the company. In actuality, the fraudulent invoices included routing and account information for companies owned and operated by D’Souza which did not provide any goods or services to the victim company. Additionally, D’Souza used his access to the victim’s international payroll system to direct funds into his personal accounts and the accounts of companies owned by him. In total, the victim company suffered more than $700,000 in losses.

                If convicted, D’Souza faces a maximum penalty of 20 years in prison for each wire fraud count. He also faces a period of supervised release, restitution, and monetary penalties. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

                This case is being investigated by the FBI’s Washington Field Office. The case is being prosecuted by Assistant U.S. Attorney Michael Truscott.

                An indictment is merely an allegation. All defendants are presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

    25cr151

    MIL Security OSI

  • MIL-OSI Security: 18 Charged With Violent, Gun, Or Immigration Crimes As Part Of Operation Take Back America

    Source: Office of United States Attorneys

    CHARLOTTE, N.C. – U.S. Attorney Russ Ferguson announced today that the U.S. Attorney’s Office has filed separate criminal charges against 18 defendants as part of Operation Take Back America, for violations that include straw purchasing of firearms, bank robbery, possession of a firearm by a convicted felon, possession of a firearm by an illegal alien, illegal reentry, and failure to notify a change of address.

    The 18 defendants charged last week and the alleged offenses include:

    Walter Adonai Rivera Chinchilla, 24, of Charlotte, and Fausto Odalis Reyes Guevara, 27, of Honduras, are charged via a superseding indictment of conspiracy to provide a false statement during the purchase of a firearm. Guevara is also charged with possession of a firearm by a person unlawfully in the United States. According to the superseding indictment, on October 12, 2024, Guevara messaged Chinchilla that Guevara needed a “17” and a white Beretta for a good price. Two days later, Chinchilla allegedly purchased a Beretta 92FS pistol from Guns Too, a licensed firearms dealer located in Caldwell County. When he purchased the firearm from Guns Too, Chinchilla allegedly lied on the forms, falsely attesting that he was the actual buyer of the firearm when he was in fact buying it for Guevara. The indictment further alleges that on the same day Chinchilla purchased a second firearm, a Glock 45 pistol, from Foothills Jewelry & Loan, a licensed firearms dealer in Catawba County. It is further alleged that Chinchilla lied again on the forms falsely attesting that he was the actual buyer of the firearm when he knew he was buying it for Guevara. Chinchilla is also facing additional charges including trafficking in firearms, making a false statement during the purchase of a firearm, and dealing in firearms without a license.

    Jose Francisco Meraz-Villatoro, 31, of Mexico, is charged with unlawful possession of a firearm by an alien and illegal reentry by an alien. It is alleged that Meraz-Villatoro unlawfully possessed two firearms: a Glock 43 9mm handgun and a Girsan Regard MC 9mm handgun. Meraz-Villatoro was previously deported from the United States three times: in September 2013, in July 2014, and again in November 2022.

    Carlos Sarmiento-Ochoa, 20, of Honduras, is charged with unlawful possession of a firearm by an alien and illegal reentry by an alien. It is alleged in the indictment that Sarmiento-Ochoa unlawfully possessed a Glock 23, 40 caliber handgun, and that he was previously deported from the United States in May 2018 and again in October 2019.

    Gial Obed Rodas-Hernandez, 20, of Honduras, is charged with unlawful possession of a firearm by an alien and illegal reentry by an alien. The indictment alleges that Rodas-Hernandez unlawfully possessed a Taurus PT709 handgun, 9mm, and that he was previously deported from the United States in February 2021.

    Jose Alberto Velazquez-Trejo, 41, of Mexico, is charged with unlawful possession of a firearm by an alien and illegal reentry by an alien. The indictment alleges that Velazquez-Trejo unlawfully possessed a Sig Sauer P226 handgun. Velazquez-Trejo was also previously deported from the United States in May 2008.

    Norman Enrique Lopez-Santamaria, 42, of Honduras, is charged with illegally reentering into the United States and failure to notify of a change of address. Lopez-Santamaria was previously deported from the United States four times: in October 2002, in July 2009, in August 2010, and again in May 2014.

    Rogelio Hernandez-Flores, 50, of Mexico, is charged with illegally reentering the United States and failure to notify of a change of address. Hernandez-Flores was previously deported from the United States three times: in August 1997, July 2003, and again in November 2007.

    Luis Zamora-Cruz, 47, of Mexico, is charged with illegally reentering the United States and failure to notify of a change of address. Zamora-Cruz was previously deported from the United States in July 2010 and again in May 2017.

    Christian Emanuel Valladares-Sierra, 25, of Honduras, is charged with illegally reentering the United States and failure to notify of a change of address. Valladares-Sierra was previously deported from the United States in September 2018.

    Josue Oveniel Martinez-Avalo, 31, of Honduras, is charged with illegally reentering into the United States and failure to notify of a change of address. Martinez-Avalo was previously deported from the United States in June 2014.

    Luis Alfredo Navarrete Pastrana, 32, of Mexico, is charged with illegal reentry into the United States. Pastrana was previously deported from the United States in October 2021.

    Bryan Flowers, 53, of Hickory, N.C., is charged with bank robbery. According to the indictment, on April 17, 2025, Flowers allegedly robbed the Peoples Bank located in Lincolnton, N.C., by force, violence, and intimidation.

    Dwayne Furlow Chaney, 40, of Charlotte, is charged with possession of a firearm by a felon. Chaney allegedly illegally possessed a Smith & Wesson M&P, .40 caliber pistol, and did so knowing he was prohibited from possessing a firearm following a prior criminal conviction.

    Marshall Demetrius Rice, 45, of Charlotte, is charged with possession of a firearm by a felon. The indictment alleges that Rice illegally possessed a Smith & Wesson, model SD9VE, 9mm pistol, and did so knowing he was prohibited from possessing a firearm following a prior criminal conviction.

    Damiyus Diamonte Fowler, 28, of Charlotte, is charged with possession of a firearm by a felon. Fowler allegedly illegally possessed a Glock 19, Gen 5 9mm caliber pistol, and did so knowing he was prohibited from possessing a firearm following a prior criminal conviction.

    Aaron Deondre Conway, 41, of Charlotte, is charged with possession of a firearm by a felon. The indictment alleges that Conway illegally possessed a Walther, Model PPK/S .380 caliber pistol, and did so knowing he was prohibited from possessing a firearm following a prior criminal conviction.

    Jamil Omire Ali, 31, of Charlotte, is charged with possession of a firearm by a felon. Ali allegedly illegally possessed a Smith & Wesson M&P Shield, .40 caliber pistol, and did so knowing he was prohibited from possessing a firearm following a prior criminal conviction.

    Operation Take Back America is a nationwide initiative to repel the invasion of illegal immigration, achieve total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

    The charges in the indictments are allegations and the defendants are presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

    In making today’s announcement, U.S. Attorney Ferguson credited Homeland Security Investigations, Immigration and Customs Enforcement Removal Operations, the Federal Bureau of Investigation, and the Bureau of Alcohol, Tobacco, Firearms, and Explosives for their investigations that led to the charges. U.S. Attorney Ferguson also commended the local law enforcement agencies that assisted in the investigation and apprehension of the defendants.

    Assistant U.S. Attorneys with the Criminal Division of the U.S. Attorney’s Office in Charlotte are prosecuting the cases. 

    MIL Security OSI