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Category: Business

  • MIL-OSI: Atomic Canyon Raises $7M led by Energy Impact Partners to bring AI-Powered Innovation to Nuclear Energy

    Source: GlobeNewswire (MIL-OSI)

    SAN LUIS OBISPO, Calif., May 28, 2025 (GLOBE NEWSWIRE) — Atomic Canyon, the developer of the Artificial Intelligence (AI)-powered search and generative AI tools for the nuclear power industry, today announced it has raised $7 million to accelerate deployments across the country. 

    The seed round was led by the Elevate Future Fund from Energy Impact Partners (EIP), with participation from Commonweal Ventures, Plug and Play Ventures, Wischoff Ventures, Tower Research Ventures, and previous angel investors. As part of the investment, Jenny Gao, a Vice President of Energy Impact Partners, will join the Atomic Canyon board of directors.

    Atomic Canyon’s flagship product, Neutron Enterprise, addresses a challenge in the nuclear industry. By securely connecting to internal data sources at nuclear power plants and external authoritative technical and regulatory data sources, it provides AI-powered search and generative AI capabilities across vast repositories of technical documentation. 

    The platform is being rolled out at PG&E’s Diablo Canyon Power Plant in Avila Beach, California, where it is transforming how staff access and use the plant’s estimated two billion pages of documents. Initial work shows that Neutron Enterprise reduces document search time from hours to seconds, enabling more strategic use of expert resources while improving regulatory compliance and operational efficiency.

    “Our Neutron Enterprise installation at Diablo Canyon demonstrates the transformative power of AI in nuclear operations,” said Trey Lauderdale, CEO of Atomic Canyon. “Nuclear plants deal with enormous volumes of documentation required for regulatory compliance and safe operations. Where plant staff previously spent up to eight hours gathering documentation before starting critical work, our technology allows them to find the exact documents they need in seconds, dramatically increasing productivity while maintaining the highest standards of safety and compliance. For a typical nuclear facility, this translates to thousands of engineering hours redirected to higher-value activities monthly, enhancing overall operational excellence and allowing skilled professionals to focus on the most critical aspects of plant reliability.”

    Neutron Enterprise leverages FERMI, Atomic Canyon’s family of AI models, which are specifically trained on nuclear terminology. These models were developed in partnership with Oak Ridge National Laboratory, using their Frontier supercomputer, the world’s first to achieve exascale computing. The platform integrates with multiple data sources at nuclear facilities, including record management and work management systems, while maintaining strict role-based access controls to ensure data security.

    “Energy Impact Partners is committed to investing in technologies that can help solve our global energy challenges, and nuclear power is an essential part of that solution,” said Jenny Gao, Vice President at Energy Impact Partners. “Atomic Canyon’s innovative use of AI represents an advancement in information access and analysis in the nuclear sector. As the global demand for nuclear energy grows, innovative technologies like Neutron Enterprise at Diablo Canyon create a compelling opportunity to enhance productivity, yield substantial cost savings and make nuclear power more competitive in our energy mix.”

    The new funding will be used to expand Atomic Canyon’s team, enhance the Neutron platform, and develop additional integrations with third-party data sources and AI tools for next-generation nuclear technologies. These partnerships will further strengthen Neutron’s ability to help nuclear power professionals find and generate relevant information across internal and external sources.

    “This investment presents an exciting opportunity to have AI solve the very energy challenges that AI is creating,” added Lauderdale. “The computational demands of artificial intelligence are driving unprecedented electricity consumption, with estimates suggesting data centers could consume 20% of global electricity by 2030. By streamlining information access and knowledge management, we’re making nuclear power more attractive and accessible as a reliable energy source capable of meeting this growing demand for true, clean, energy independence.”

    With the funding, Atomic Canyon also announced its board of advisors including: Juliann Edwards, the Chief Development Officer of The Nuclear Company and the chair of U.S. Women in Nuclear; Bud Albright, the former Chair and CEO of the United States Nuclear Industry Council; David Nelson, former CIO of the Nuclear Regulatory Commission and Jon Guidroz, SVP of the small modular reactor technology developer Aalo Atomics and former Senior Strategy Officer and Senior Director of Energy and Resources at Microsoft.

    For more information about Atomic Canyon and the Neutron platform, visit www.atomic-canyon.com.

    About Atomic Canyon:
    Atomic Canyon is transforming the nuclear energy sector with AI-powered solutions that streamline operations, enhance efficiency, and support regulatory compliance. Neutron Enterprise, which leverages FERMI AI models that are specifically trained on nuclear terminology, is currently in use at PG&E’s Diablo Canyon Power Plant as the only dedicated AI platform for document search, retrieval, augmented generation, and knowledge management, establishing a new standard for precision, efficiency, and data management. These models were developed in collaboration with Oak Ridge National Laboratory, utilizing Frontier, the world’s fastest supercomputer, along with the Nuclear Regulatory Commission’s (NRC’s) ADAMS database.

    About Energy Impact Partners

    Energy Impact Partners LP (EIP) is a global energy technology investor with a proprietary model designed to drive innovation. EIP brings together entrepreneurs and some of the world’s most forward-thinking energy and industrial companies to advance innovation for a better energy future. Investing in venture, growth/private equity and credit, EIP seeks attractive risk-adjusted returns for its investors by leveraging its differentiated strategy and industrial ecosystem. With over 80 corporate partners and over $4.5 billion in assets under management, EIP invests globally with over 100 professionals based in its offices in New York, San Francisco, Washington D.C., Atlanta, Palm Beach, London, Cologne and Oslo. For more information on EIP, please visit www.energyimpactpartners.com

    Press Contact: atomiccanyon@launchsquad.com

    The MIL Network –

  • MIL-OSI: Upexi, Inc. Buys Additional Locked SOL at a Discount for $11.8 million

    Source: GlobeNewswire (MIL-OSI)

    Purchases 77,879 locked SOL for $11.8 million

    Upexi now has 679,677 SOL, valued at $121.2 million at the current price of $178.261

    TAMPA, Fla., May 28, 2025 (GLOBE NEWSWIRE) — Upexi, Inc. (NASDAQ: UPXI), a brand owner specializing in the development, manufacturing, and distribution of consumer products with diversification into the cryptocurrency space, today announced it purchased 77,879 locked SOL at $151.50 each for a total of $11.8 million. At the current $178.26 price of SOL, this represents a $2.1 million, or 17.7%, built-in gain for investors.

    Upexi now holds 679,677 SOL, acquired for $96.5 million and valued at $121.2 million, for a gain of $24.5 million inclusive of both SOL appreciation and the discount. 58% of Upexi’s SOL is locked and was purchased at a discount.

    Allan Marshall, CEO of Upexi, commented, “Our recent purchase both provides investors access to discounted locked Solana that they may not otherwise have, while also effectively doubling the staking yield in a safe and prudent manner. We remain laser-focused on acquiring and HODLing as much SOL as possible for the benefit of our shareholders.”

    1Spot price of $178.26 at 5:00 pm EST on May 27, 2025.

    About Upexi, Inc.
    Upexi is a brand owner specializing in the development, manufacturing and distribution of consumer products. The Company has entered the Cryptocurrency industry and cash management of assets through a Cryptocurrency Portfolio. For more information on Upexi’s treasury strategy and future developments, visit www.upexi.com.

    Follow CEO, Allan Marshall, on X – https://x.com/marshall_a22015
    Follow CSO, Brian Rudick, on X – https://x.com/thetinyant

    Forward Looking Statements
    This news release contains “forward-looking statements” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. For example, the Company is using forward looking statements when it discusses the anticipated use of proceeds. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with business strategy, potential acquisitions, revenue guidance, product development, integration, and synergies of acquiring companies and personnel. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward- looking statements. Although we believe that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

    Company Contact
    Brian Rudick, Chief Strategy Officer
    Email:brian.rudick@upexi.com
    Phone: (216) 347-0473

    Investor Relations Contact
    KCSA Strategic Communications
    Valter Pinto, Managing Director
    Email: Upexi@KCSA.com
    Phone: (212) 896-1254

    The MIL Network –

  • MIL-OSI: Aptean Expands DACH Manufacturing ERP Footprint Through Acquisition of VLEX

    Source: GlobeNewswire (MIL-OSI)

    KULMBACH, Germany and ALPHARETTA, Ga., May 28, 2025 (GLOBE NEWSWIRE) — Aptean Inc., a global front-runner of AI-driven ERP solutions, is pleased to announce the acquisition of Vlexgroup AG (“VLEX”), a leading provider of variant-manufacturing focused ERP solutions for SME customers in the DACH region headquartered in Kulmbach, Germany.

    The acquisition of VLEX further increases Aptean’s DACH footprint while also bolstering its ERP capabilities for the variant-manufacturing sector.

    For over 40 years, VLEX has provided mission-critical variant-manufacturing solutions designed to manage complex, diverse, and fast-moving challenges across the SME manufacturing sector in the DACH region. With deep industry expertise, VLEX’s talented team aligns with Aptean’s strategic focus on the SME manufacturing industry in the DACH region, further strengthening commitment to innovation and excellence.

    “VLEX has a proven track record with over four decades of experience delivering mission-critical variant-manufacturing solutions across the DACH market,” said TVN Reddy, CEO of Aptean. “VLEX’s product VlexPlus delivers state of the art software solutions specifically designed to manage the complex needs of the variant manufacturing industry and is backed by a team of seasoned industry experts. VLEX will be an important driver in our strategy to scale our DACH manufacturing capabilities. Welcoming the VLEX team and customers into the Aptean family marks a significant step forward in our shared commitment to innovation and success.”

    “We are delighted to join a global organization like Aptean, where together we can continue to develop and deliver innovative solutions to our customers. The combination of our businesses offers an exciting opportunity for VLEX’s future growth given our shared commitment to innovation and customer satisfaction. Being part of Aptean presents our customers and our team with exciting opportunities for growth and development and we can’t wait to get started,” said Jens Pfeil-Schneider, Chairman Managing Director of VLEX.

    About VLEX

    For over 40 years, VLEX has been a reliable partner for digital transformation and automation in medium-sized manufacturing companies and wholesale businesses. At the heart of their offer is the cloud-enabled ERP software VlexPlus, which acts as a central data and process hub, mapping all processes in the Customer’s value chain right down to the shop floor. Developed for the complex requirements of variant and order manufacturers, the ERP software is based on one of the most modern technology and process frameworks available today. It enables consistently networked work across system and company boundaries. To learn more visit: https://www.vlexplus.com/

    About Aptean
    Aptean is a global provider of industry-specific software that helps manufacturers and distributors effectively run and grow their businesses. Aptean’s solutions and services help businesses of all sizes to be Ready for What’s Next, Now®. Aptean is headquartered in Alpharetta, Georgia and has offices in North America, Europe and Asia-Pacific. To learn more about Aptean and the markets we serve, visit www.aptean.com. Aptean and Ready for What’s Next, Now are Registered Trademarks of Aptean, Inc. All other companies and product names may be trademarks of the respective companies with which they are associated.

    For Media Inquiries Please Contact
    MediaRelations@aptean.com

    The MIL Network –

  • MIL-OSI: Yellow Network Backs Builders at ETHGlobal Prague with $10K Bounty and Launch of New Grant Program

    Source: GlobeNewswire (MIL-OSI)

    • $10K bounty at ETHGlobal Prague for top projects using ERC-7824 and Nitrolite
    • New builder grants up to $50K launched to support long-term Web3 development
    • Global hackathon tour begins, with upcoming stops at ETHKyiv and ETHGlobal New Delhi

    San Fransisco, USA, May 28, 2025 (GLOBE NEWSWIRE) — – Yellow Network, a Layer 3 protocol pioneering decentralized trading through state channel technology, is deepening its commitment to Web3 development at the upcoming ETHGlobal Prague Hackathon. The company is awarding a $10,000 bounty for innovative applications built using its Nitrolite SDK and the ERC-7824 state channel standard. It is also launching a new builder grant program offering up to $50,000 in funding per project.

    The bounty will spotlight teams pushing the boundaries of off-chain computation and peer-to-peer infrastructure. The $4,000 top prize will recognize the best real-world use case built on Yellow’s stack, followed by $3,000 and $2,000 awards for technical excellence and meaningful contributions to Nitrolite or Clearnode. An additional $1,000 will be split between developers who fix open issues on Yellow’s GitHub and submit high-quality pull requests during the hackathon.

    Complementing the bounty is the official debut of the Yellow Grant Program, aimed at supporting long-term builders beyond hackathon weekends. The program offers funding, mentorship, technical support, and ecosystem exposure for projects contributing to Yellow’s mission of decentralized, chain-agnostic infrastructure. Grant applications are now open, with the first builder cohort to be selected in June.

    The newly launched grant program will prioritize projects across several categories:

    • vApps for micropayments, DeFi, social tools, and gaming
    • Developer tooling, including SDKs, dashboards, and middleware
    • UX and wallet enhancements, such as onboarding flows, plugins, and social integrations
    • Infrastructure solutions like analytics, monitoring, and cross-chain bridges

    “We’re not just supporting innovation, we’re actively co-building it with our community,” said Alexis Sirkia, Chairman of Yellow Network. “The grant program and our expanded hackathon presence reflect our belief that developers are the foundation of the decentralized web.”

    As part of its ETHGlobal Prague activation, Yellow is hosting two side events to support and engage local and global developers. On May 21, Yellow led a live online workshop, “Build to Win with Yellow at ETHGlobal Prague,” introducing the Nitrolite SDK and ERC-7824. On May 28, the team will co-host “Pre-Hack & Chill” in Prague, an informal mixer in partnership with Rootstock.

    ETHGlobal Prague kicks off a global tour for Yellow’s developer engagement strategy. The team will next appear at ETHKyiv (June 13–15), followed by ETHGlobal New Delhi (September 26–28), showcasing a growing wave of builders embracing ERC-7824 and the Nitrolite stack.

    About Yellow Network
    Yellow Network is building the first decentralized clearing network for digital assets, addressing the inefficiencies of traditional crypto trading systems. By leveraging state channel technology and chain abstraction, the protocol drastically reduces latency, enables horizontal scalability, and improves capital efficiency, providing a secure, non-custodial solution to the modern trading ecosystem.

    Yellow Network is a project under the Layer-3 Foundation, a non-profit organization dedicated to supporting the adoption of chain-agnostic technologies that accelerate the mass adoption of blockchain. To learn more, visit www.yellow.org. 

    For media inquiries, please contact:
    LJ@lunapr.io

    The MIL Network –

  • MIL-OSI: Correction: NBPE – April Monthly Net Asset Value Estimate

    Source: GlobeNewswire (MIL-OSI)

    HEADLINE ALTERATION

    The headline for NB Private Equity Partners announcement released on 28/05/2025 at 07.00 am should read – NBPE – April Monthly Net Assety Value Estimate

    The announcement text is unchanged and is reproduced in full below.

    NBPE Announces April Monthly NAV Estimate

    St Peter Port, Guernsey 28 May 2025

    NB Private Equity Partners (NBPE), the $1.2bn1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 30 April 2025 monthly NAV estimate.

    NAV Highlights (30 April 2025)

    • NAV per share was $27.29 (£20.43), a total return of 0.4% in the month
    • Approximately 62% of fair value based on private company valuation information as of Q1 2025 or based on 30 April 2025 quoted prices
    • Based on information received so far, private company valuations increased fair value by 0.4% during Q1 2025 on a constant currency basis
    • NBPE expects to receive additional updated Q1 2025 financial information which will be incorporated in future monthly NAV updates
    • $307 million of available liquidity at 30 April 2025
    • ~151k shares repurchased during April 2025 at a weighted average discount of 33% which were accretive to NAV by ~$0.02 per share. Year to date, NBPE has repurchased ~680k shares at a weighted average discount of 29% which were accretive to NAV by ~$0.10 per share
    As of 30 April 2025 Year to Date One Year 3 years 5 years 10 years
    NAV TR (USD)*
    Annualised    		 0.8% 3.4% 4.1%
    1.4%    		 87.7%
    13.4%    		 160.7%
    10.1%
    MSCI World TR (USD)*
    Annualised    		 (0.8%) 12.6% 39.0%
    11.6%    		 96.6%
    14.5%    		 157.2%
    9.9%
               
    Share price TR (GBP)*
    Annualised    		 (8.0%) (8.9%) 3.6%
    1.2%    		 99.0%
    14.7%    		 189.5%
    11.2%
    FTSE All-Share TR (GBP)*
    Annualised    		 4.3% 7.5% 22.6%
    7.0%    		 67.9%
    10.9%    		 75.9%
    5.8%

    * All NBPE performance figures assume re-investment of dividends on the ex-dividend date and reflect cumulative returns over the relevant time periods shown. Three-year, five-year and ten-year annualised returns are presented for USD NAV, MSCI World (USD), GBP Share Price and FTSE All-Share (GBP) Total Returns.

    Portfolio Update to 30 April 2025

    NAV performance during the month driven by:

    • 1.1% NAV increase ($13 million) attributable to changes in foreign exchange
    • 0.9% NAV decrease ($10 million) attributable to changes in prices of quoted holdings (which now constitute 5% of portfolio fair value)
    • 0.3% NAV increase ($4 million) from the value of private holdings
    • 0.2% NAV decrease ($3 million) attributable to expense accruals

    $53 million of realisations in 2025 year to date

    • $6 million of proceeds received during the month of April, consisting primarily of full and partial realisations of GFL, Corona Industrials and Inflection Energy

    $307 million of total liquidity at 30 April 2025

    • $97 million of cash and liquid investments with $210 million of undrawn credit line available

    2025 Share Buybacks

    • ~151k shares repurchased in April 2025 at a weighted average discount of 33%; buybacks were accretive to NAV by ~$0.02 per share
    • Year to date, NBPE has repurchased ~680k shares at a weighted average discount of 29% which were accretive to NAV by ~$0.10 per share

    Portfolio Valuation

    The fair value of NBPE’s portfolio as of 30 April 2025 was based on the following information:

    • 5% of the portfolio was valued as of 30 April 2025
      • 5% in public securities
    • 57% of the portfolio was valued as of 31 March 2025
      • 57% in private direct investments
    • 38% of the portfolio was valued as of 31 December 2024
      • 38% in private direct investments

    For further information, please contact:

    NBPE Investor Relations        +44 (0) 20 3214 9002
    Luke Mason        NBPrivateMarketsIR@nb.com  

    Kaso Legg Communications        +44 (0)20 3882 6644

    Charles Gorman        nbpe@kl-communications.com
    Luke Dampier
    Charlotte Francis

    Supplementary Information (as at 30 April 2025)

    Company Name Vintage Lead Sponsor Sector Fair Value ($m) % of FV
    Action 2020 3i Consumer 83.9 6.6%
    Osaic 2019 Reverence Capital Financial Services 66.9 5.3%
    Solenis 2021 Platinum Equity Industrials 59.8 4.7%
    BeyondTrust 2018 Francisco Partners Technology / IT 47.7 3.8%
    Monroe Engineering 2021 AEA Investors Industrials 44.7 3.5%
    Business Services Company* 2017 Not Disclosed Business Services 40.1 3.2%
    Branded Cities Network 2017 Shamrock Capital Communications / Media 38.9 3.1%
    True Potential 2022 Cinven Financial Services 35.2 2.8%
    Mariner 2024 Leonard Green & Partners Financial Services 33.7 2.7%
    FDH Aero 2024 Audax Group Industrials 32.9 2.6%
    Marquee Brands 2014 Neuberger Berman Consumer 31.4 2.5%
    GFL (NYSE: GFL) 2018 BC Partners Business Services 30.6 2.4%
    Staples 2017 Sycamore Partners Business Services 29.6 2.3%
    Auctane 2021 Thoma Bravo Technology / IT 29.1 2.3%
    Fortna 2017 THL Industrials 28.7 2.3%
    Viant 2018 JLL Partners Healthcare 27.3 2.2%
    Stubhub 2020 Neuberger Berman Consumer 26.4 2.1%
    Engineering 2020 NB Renaissance / Bain Capital Technology / IT 26.3 2.1%
    Benecon 2024 TA Associates Healthcare 25.5 2.0%
    Agiliti 2019 THL Healthcare 25.3 2.0%
    Kroll 2020 Further Global / Stone Point Financial Services 25.0 2.0%
    Solace Systems 2016 Bridge Growth Partners Technology / IT 24.6 1.9%
    Excelitas 2022 AEA Investors Industrials 24.1 1.9%
    Addison Group 2021 Trilantic Capital Partners Business Services 23.8 1.9%
    Exact 2019 KKR Technology / IT 23.3 1.8%
    CH Guenther 2021 Pritzker Private Capital Consumer 21.2 1.7%
    Bylight 2017 Sagewind Partners Technology / IT 19.9 1.6%
    Constellation Automotive 2019 TDR Capital Business Services 19.0 1.5%
    Real Page 2021 Thoma Bravo Technology / IT 18.8 1.5%
    Tendam 2017 PAI Consumer 18.3 1.4%
    Total Top 30 Investments                             $982.1 77.6%

    *Undisclosed company due to confidentiality provisions.

    Geography % of Portfolio
    North America 77%
    Europe 22%
    Asia / Rest of World 1%
    Total Portfolio 100%
       
    Industry % of Portfolio
    Tech, Media & Telecom 23%
    Consumer / E-commerce 22%
    Industrials / Industrial Technology 17%
    Financial Services 14%
    Business Services 12%
    Healthcare 9%
    Other 4%
    Energy 1%
    Total Portfolio 100%
       
    Vintage Year % of Portfolio
    2016 & Earlier 9%
    2017 16%
    2018 15%
    2019 13%
    2020 13%
    2021 18%
    2022 6%
    2023 2%
    2024 8%
    Total Portfolio 100%

    About NB Private Equity Partners Limited
    NBPE invests in direct private equity investments alongside market leading private equity firms globally. NB Alternatives Advisers LLC (the “Investment Manager”), an indirect wholly owned subsidiary of Neuberger Berman Group LLC, is responsible for sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fee / no carried interest payable to third-party GPs, offering greater fee efficiency than other listed private equity companies. NBPE seeks capital appreciation through growth in net asset value over time while paying a bi-annual dividend.

    LEI number: 213800UJH93NH8IOFQ77

    About Neuberger Berman
    Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $515 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger Berman’s investment philosophy is founded on active management, fundamental research and engaged ownership. Neuberger Berman has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last eleven years (firms with more than 1,000 employees). Visit www.nb.com for more information. Data as of March 31, 2025.

    1Based on net asset value.

    Attachment

    The MIL Network –

  • MIL-OSI: BTCC Exchange Launches Hot Coins Trading Week Campaign Series Ahead of 14th Anniversary Celebration

    Source: GlobeNewswire (MIL-OSI)

    A Media Snippet available here.

    VILNIUS, Lithuania, May 28, 2025 (GLOBE NEWSWIRE) — BTCC, the world’s longest-serving crypto exchange, is excited to announce the launch of its Hot Coins Trading Week campaign series, marking the beginning of pre-anniversary celebrations leading up to the platform’s 14th milestone in June. The first round of the campaign focuses on carefully selected spot and futures pairs that have gained significant traction among the exchange’s user base of over 7 million.

    The first round, which runs from May 26 to June 2, 2025, features a diverse selection of trending pairs including TRUMP, PI, and AI16Z. The campaign offers substantial rewards totaling 50,000 USDT across two prize pools, including exclusive benefits for new users and trading volume-based rewards for active participants:

    • New User Exclusive Prize Pool: First-time BTCC traders can earn 10 USDT by achieving 10,000 USDT in cumulative trading volume.
    • Trading Champions: High-volume traders compete for rewards ranging from 5 USDT to 800 USDT based on trading volume.

    “These selected pairs not only reflect current market trends, but also align with our users’ trading behavior observed over the past quarter,” said Alex, Head of Operations at BTCC. “After 14 years, we know what our community wants to trade. This campaign gives our traders straightforward spot trading on the assets they’re most excited about, with more rounds featuring different coins coming as we build up to our June anniversary.”

    The timing of this campaign series strategically positions BTCC as it approaches its 14th anniversary milestone in June. The exchange has built a reputation for longevity and stability in the volatile cryptocurrency market, making it one of the industry’s most established platforms.

    Users can participate in the current round through BTCC’s platform, with additional rounds to be announced in the coming weeks. The exchange encourages traders to stay updated on campaign developments and anniversary celebrations through BTCC’s official X account.

    About BTCC

    Founded in 2011, BTCC is one of the world’s longest-serving cryptocurrency exchanges, offering secure and user-friendly trading services to millions of users globally. With a commitment to security, innovation, and community building, BTCC continues to be a trusted platform in the evolving cryptocurrency landscape.

    Website: https://www.btcc.com/en-US

    X: https://x.com/BTCCexchange

    Contact: press@btcc.com

    The MIL Network –

  • MIL-OSI: Form 8.3 – [CRANEWARE PLC – 27 05 2025] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 CRANEWARE PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 27 MAY 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 1p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 1,704,956 4.8149    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 1,704,956 4.8149    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    1p ORDINARY SALE 620 2008p
    1p ORDINARY SALE 3,831 2010p
    1p ORDINARY SALE 50 2025p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 28 MAY 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Invesco Ltd: Form 8.3 – Dundee Precious Metals Inc; Public dealing disclosure

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)        Full name of discloser: Invesco Ltd.
    (b)        Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		  
    (c)        Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 Dundee Precious Metals Inc.
    (d)        If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  
    (e)        Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 27.05.2025
    (f)        In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 Yes; Adriatic Metals plc

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: CA2652692096
      Interests Short positions
      Number % Number %
    (1)        Relevant securities owned and/or controlled: 2,288,811 1.36%    
    (2)        Cash-settled derivatives:        
    (3)        Stock-settled derivatives (including options) and agreements to purchase/sell:        

            TOTAL:

    		 2,288,811 1.36%    

    *The change in the holding of 117 shares since the last disclosure on 20.05.2025 is due to the transfer out of a discretionary holding at 21.23 CAD.

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)        Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    CA2652692096 Purchase 10,000 21.03 CAD

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
             

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
                   

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit
             

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
           

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”
     

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)        the voting rights of any relevant securities under any option; or
    (ii)        the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”
     

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 28.05.2025
    Contact name: Philippa Holmes
    Telephone number*: +441491417447

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel’s Market Surveillance Unit.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Form 8.3 – [GLOBALDATA PLC – 27 05 2025] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 GLOBALDATA PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 27 MAY 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 0.01p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 11,013,008 1.3655    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 11,013,008 1.3655    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    0.01p ORDINARY SALE 8,500 186.375p
    0.01p ORDINARY SALE 22,247 187.75p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 28 MAY 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI Russia: Ethiopia’s Central Bank: Leading Transformative Reform

    Source: IMF – News in Russian

    May 28, 2025

    Ethiopia has taken historic steps to address macroeconomic imbalances while fostering sustainable growth

    Over the past year, Ethiopia—Africa’s second most populous country—has embarked on a comprehensive transformation of its monetary and exchange rate regimes. After decades of tight control, the country has liberalized the foreign exchange regime, adopted a more flexible exchange rate, moved to an interest rate-based monetary policy, and ended central bank financing of government. In parallel, the National Bank of Ethiopia (NBE) is updating its legal framework and internal organization. 

    These reforms aim to address acute foreign exchange shortages and inflation, creating conditions for high, sustainable growth. The authorities are also tackling budgetary constraints, financial vulnerabilities in state-owned enterprises and state-owned banks, and a sovereign debt restructuring while mitigating social impacts and managing humanitarian pressures. The IMF is supporting Ethiopia’s reform efforts through a four-year $3.4 billion Extended Credit Facility Arrangement.

    During the 2025 IMF-World Bank Spring Meetings, Mamo Mihretu, Governor of the National Bank of Ethiopia discussed these key reforms with Abebe Aemro Selassie, Director of the IMF’s African Department. The following is an edited transcript of the conversation, focusing on key highlights (view video). 

    Abebe Aemro Selassie: Ethiopia is undergoing significant reforms that are reshaping its economic landscape. Can you provide some context regarding the state of the economy before these reforms?

    Mamo Mihretu: After two decades of sustained economic growth, primarily driven by public investment, Ethiopia faced unsustainable macroeconomic imbalances. The state’s reliance on external creditors, the large public bank, and NBE led to foreign exchange shortages, limited access to credit for the private sector, high inflation, financial stability risks, and debt vulnerabilities.

    Abebe Aemro Selassie: What are the primary objectives of the reform agenda that Ethiopia has embarked upon?

    Mamo Mihretu: We launched our Homegrown Economic Reform Program in 2019. The objective of the reforms was to address fundamentally, boldly, and conclusively the sources of macroeconomic instability in Ethiopia and create a much more open, investment-friendly, and private-sector-friendly environment. These objectives are critical for our job creation agenda that will increase income and improve livelihoods.

    Abebe Aemro Selassie: Can you elaborate on some of the key reforms in Ethiopia’s monetary policy?

    Mamo Mihretu: We have made historic changes, including the revision of the Central Bank Act to prioritize price stability. We introduced a monetary policy rate, implemented open market operations for liquidity management with banks, and established a Monetary Policy Committee to advise on monetary policy decisions based on comprehensive assessments of economic conditions. Interest rates are now positive in real terms. Inflation has declined from 30 percent to 13 percent.

    Abebe Aemro Selassie: What about the reforms related to foreign exchange? What changes have been implemented?

    Mamo Mihretu: Ethiopia has a market-based foreign exchange regime for the first time in five decades. We comprehensively liberalized foreign exchange transactions and eliminated the requirement to surrender export earnings to the NBE. The early results have been promising; we expect exports to double and have already tripled our foreign reserves, while foreign exchange availability has also increased.

    Abebe Aemro Selassie: Communication appears to be a vital aspect of your reform strategy. Can you discuss its importance?

    Mamo Mihretu: Building credibility and trust is essential. We are investing in transparent communication and actively monitor market dynamics. By maintaining open channels of dialogue with stakeholders, we aim to foster a supportive environment for these reforms.

    Abebe Aemro Selassie: What lessons have emerged from your experience in implementing these reforms?

    Mamo Mihretu: Several key lessons stand out. First, preparation and coordination among government agencies are crucial. Second, the sequencing of reforms matters; it helps maintain stability and manage public expectations. Finally, adapting to evolving economic conditions is vital for the success of any reform effort.

    Abebe Aemro Selassie: What are the next steps for Ethiopia in terms of reform and economic development?

    Mamo Mihretu: We have to deepen the current monetary policy reforms as we move to a fully-fledged interest-rate based monetary policy. We are also working on deepening the foreign exchange market. Most importantly we are decisively addressing macroeconomic instability to create a strong foundation for sustainable growth.

    https://www.imf.org/en/News/Articles/2025/05/28/cf-ethiopias-central-bank-leading-transformative-reform

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI United Nations: 28 May 2025 News release Seventy-eighth World Health Assembly concludes: historic outcomes, consequential highlights

    Source: World Health Organisation

    The  Seventy-eighth World Health Assembly (WHA78), the annual meeting of World Health Organization’s (WHO) Member States, came to a close Tuesday, as health leaders lauded vast accomplishments and global solidarity.

    The Assembly, WHO’s highest decision-making body, convened from 19 May to 27 May, under the theme “One World for Health”. Member States considered approximately 75 items and sub-items across all areas of health, engaging in lively debate and adopting consequential resolutions to improve health for all.

    “The words ‘historic’ and ‘landmark’ are overused, but they are perfectly apt to describe this year’s World Health Assembly,” said Dr Tedros Adhanom Ghebreyesus, WHO Director-General. “The adoption of the Pandemic Agreement and the approval of the next increase in assessed contributions, along with the numerous other resolutions that Member States adopted are a sign to the world that we can achieve cooperation in the face of conflict, and unity amid division.”

    World’s first pandemic agreement: equity for all

    On 20 May, Member States adopted the historic WHO Pandemic Agreement. The moment was met with heartfelt applause, celebrating over three years of intense negotiations by the Intergovernmental Negotiating Body, comprising WHO’s Member States.

    The adoption of the Agreement is a once-in-a-generation opportunity to safeguard the world from a repeat of the suffering caused by the COVID-19 pandemic. The Agreement aims to enhance global coordination and cooperation, equity and access for future pandemics, all while respecting national sovereignty.

    Over the next year, Member States will build on the Resolution, by holding consultations on the Pathogen Access and Benefit Sharing system (PABS), an annex to the Agreement which would enhance equitable access to medical advancements.

    Sustainable financing: protecting the future of global health

    In a changing financial landscape, Member States united to protect WHO’s critical work by approving the second 20% increase in assessed contributions (ACs). By 2030–2031, ACs will make up 50% of WHO’s core budget, providing more predictable, resilient, and flexible funding.

    The Assembly’s commitment to sustainable financing did not stop there; at a high-level pledging event during WHA78, health leaders pledged at least US$ 210 million for WHO’s Investment Round, the fundraising campaign for the Organization’s global health strategy for the next four years (the Fourteenth  General Programme of Work). In addition to the US$ 1.7 billion already raised for the Investment Round, these pledges mark a significant step toward sustainable financing of WHO. Since launching in May 2024, the Investment Round has attracted 35 new contributors – moving WHO closer to the broader donor base envisioned in the Director-General’s ongoing transformation agenda.

    Action for health: major decisions and resolutions

    WHA 78 was steadfast in addressing ongoing health issues and adaptable in targeting threats and conflicts. The accomplishments of the Assembly spanned many areas of health as Member States 

    • adopted a new resolution highlighting the global health financing emergency;
    • endorsed first-ever resolutions on lung and kidney health, highlighting the upcoming UN General Assembly focus on noncommunicable diseases;
    • adopted a new resolution on science-driven norms and standards for health policy and implementation;
    • adopted a new target to halve the health impacts of air pollution by 2040; 
    • adopted an innovative resolution to promote social connection with growing evidence linking it to improved health outcomes and reduced risk of early death; 
    • adopted a resolution for a lead-free future;
    • adopted a resolution to address rare diseases, protecting the over 300 million people globally who live with one of more than 7000 rare diseases;
    • agreed to expand the provisions of the International Code of Marketing of Breast-milk Substitutes to tackle the digital marketing of formula milk and baby foods; 
    • adopted a resolution to accelerate the eradication of Guinea worm disease.

    The Assembly adopted other resolutions on digital health, the health and care workforce, medical imaging, nursing and midwifery, sensory impairment, and skin diseases, among others. Two new official WHO health campaigns were established: World Cervical Cancer Elimination Day and World Prematurity Day.

    Strengthening health emergency preparedness and response

    The World Health Assembly also discussed WHO’s work in health emergencies. Over the last year, WHO responded internationally to 51 graded emergencies across 89 countries and territories, including global outbreaks of cholera and mpox – a public health emergency of international concern – as well as multiple humanitarian crises. Working with over 900 partners across 28 health clusters, WHO helped provide health assistance for 72 million people in humanitarian settings. Nearly 60% of new emergencies were climate-related, highlighting the growing health impacts of climate change.

    During the Assembly, Member States

    • considered matters pertaining to WHO’s work in health emergencies and commended the Organization’s leadership in this space;
    • noted the Director-General’s report on implementation of the health emergency prevention, preparedness, response and resilience (HEPR) framework and expressed their support for the strengthening of the global architecture;
    • considered the health needs of people in Ukraine and the occupied Palestinian territory;
    • noted the Director-General’s report on progress made in implementing the International Health Regulations (2005); and
    • approved a decision to strengthen the research base on public health and social measures to control outbreaks.

    MIL OSI United Nations News –

  • MIL-OSI USA: Duckworth Joins Ossoff, Kelly in Reigniting Push to Ban Congressional Stock Trading

    US Senate News:

    Source: United States Senator for Illinois Tammy Duckworth
    May 27, 2025
    [WASHINGTON, D.C.] – U.S. Senator Tammy Duckworth (D-IL) joined U.S. Senators John Ossoff (D-GA) and Mark Kelly (D-AZ) in reintroducing legislation to ban stock trading by Members of Congress. The Ban Congressional Stock Trading Act would require all members of Congress, their spouses and dependent children to place their stocks into a qualified blind trust or divest the holding—ensuring they cannot use inside information to influence their stock trades and make a profit.
    “As Donald Trump continues to corruptly enrich himself and his billionaire friends through luxury jets from foreign powers, suspicious market manipulation and shady cryptocurrency scams, Congress must lead by example to help restore trust and integrity in government,” said Duckworth. “That is why I’m proud to help reintroduce the Ban Congressional Stock Trading Act to ensure every Member of Congress complies with this commonsense, ethical best practice.”
    The American people overwhelmingly support this policy, with 86% saying they back the measure, including 88% of Democrats, 87% of Republicans and 81% of Independents.
    In addition to Duckworth, Ossoff and Kelly, this bill is cosponsored by U.S. Senators Tammy Baldwin (D-WI), Brian Schatz (D-HI), Jeanne Shaheen (D-NH), Reverend Raphael Warnock (D-GA) and Michael Bennet (D-CO).
    Duckworth has pushed to prevent Members of Congress from being able to trade stocks for years. She first helped introduce the Ban Congressional Stock Trading Act in 2023, the same year she helped introduce the bipartisan, bicameral Ending Trading and Holdings in Congressional Stocks (ETHICS) Act to prohibit members of Congress, their spouses and dependent children from abusing their positions for personal financial gain by owning or trading securities, commodities or futures.
    -30-

    MIL OSI USA News –

  • MIL-OSI Global: Why do we cry happy tears? The science behind this emotional paradox

    Source: The Conversation – UK – By Michelle Spear, Professor of Anatomy, University of Bristol

    maxbelchenko/Shutterstock.com

    Tears are usually seen as a sign of sadness or pain, but it’s not uncommon for people to cry during life’s most joyful moments: weddings, births, reunions, sporting triumphs, or even just an unexpected act of kindness.

    These “happy tears” seem contradictory, but they offer a fascinating window into how the human brain handles intense emotion.

    Crying is a complex biological response to emotional overload – and it doesn’t discriminate between good and bad feelings. Whether triggered by grief or elation, tears are often the result of our brain attempting to process more than it can manage in the moment.

    Both positive and negative emotions activate the limbic system, the part of the brain involved in processing feelings and memory. Within this system, the amygdala – an almond-shaped cluster of neurons – acts as an emotional alarm bell, detecting arousal and signalling the body to respond.

    When highly stimulated, the amygdala activates other brain areas including the hypothalamus, which controls involuntary physical functions like heartbeat, breathing and tear production.

    Another key structure is the anterior cingulate cortex, which plays a role in emotion regulation, decision-making and empathy. It helps coordinate the brain’s response to emotional conflict, such as experiencing joy and sadness at the same time. These overlapping pathways explain why a sudden surge of happiness can still produce a reaction typically associated with distress.

    The limbic system explained.

    Scientists believe happy crying is a form of emotional homeostasis: a way of bringing us back to equilibrium after an emotional high. Crying activates the parasympathetic nervous system, which slows the heart rate and relaxes the body after the adrenaline spike of intense feeling. In other words, tears help us calm down.

    This idea of “resetting” isn’t unique to happiness. Crying in response to stress or trauma serves a similar purpose. What’s striking about happy crying is how it illustrates the body’s effort to balance opposing forces: relief after fear, gratitude after hardship, pride after struggle.

    Happy tears

    So-called “happy” tears are rarely just that. Often they emerge from a blend of emotions. For example, a parent watching their child graduate may be proud, nostalgic, and a little melancholic all at once. A long-awaited reunion might stir joy and the pain of absence. Psychologists refer to this as a dual-valence response – an emotional state that contains both positive and negative elements.

    These emotional blends engage memory systems as well, particularly the hippocampus, which processes and retrieves personal history. That’s why a joyful moment can unexpectedly bring a lump to the throat – it activates memories of previous loss, struggle or longing.

    Interestingly, humans are the only animals known to shed emotional tears. While many mammals produce reflex tears to lubricate the eye, only humans cry in response to emotion. This probably evolved as a form of non-verbal communication, especially in early social groups.

    Tears signal vulnerability, authenticity and emotional depth. Crying during joyful moments demonstrates to others that something profoundly meaningful has occurred.

    In this way, happy crying can strengthen social bonds, invite empathy and create shared moments of catharsis. Research has even shown that people are more likely to offer help to someone who is crying, regardless of whether the tears are sad or joyful.

    So why do we cry when we’re happy? Because happiness is not a simple emotion. It is often tangled with memory, relief, awe and the sheer weight of meaning. Tears are the brain’s way of processing this complexity, of marking a moment that matters, even when it’s joyful. Far from being a contradiction, happy tears remind us that emotional life is rich, messy and above all deeply human.

    Michelle Spear 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. Why do we cry happy tears? The science behind this emotional paradox – https://theconversation.com/why-do-we-cry-happy-tears-the-science-behind-this-emotional-paradox-256482

    MIL OSI – Global Reports –

  • MIL-OSI China: China, UAE advance cross-border payment cooperation

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

    BEIJING, May 28 — China’s Cross-Border Interbank Payment System (CIPS) and the central bank of the United Arab Emirates (UAE) have signed a memorandum of understanding to enhance cross-border payment cooperation, the People’s Bank of China (PBOC), China’s central bank, announced on Wednesday.

    The signing is expected to improve payment infrastructure and the efficiency of cross-border payments, according to an online statement by the PBOC, which administers and regulates CIPS.

    Accordingly, CIPS and the central bank of the UAE will work together to develop a cross-border payment connectivity program, which will provide local currency clearing services for financial institutions in the Middle East and North Africa.

    The two sides will also deepen exchanges on risk management and compliance, and make cross-border payment systems safer and more stable, according to the statement.

    MIL OSI China News –

  • MIL-OSI: LPL Financial Welcomes Mai Park Capital to Linsco Channel

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, May 28, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that financial advisor Mai Park, CPWA®, has joined LPL’s employee advisor channel, Linsco by LPL Financial, aligning with existing firm Pence Wealth Management, to launch Mai Park Capital. She reported serving approximately $330 million in advisory, brokerage and retirement plan assets* and joins LPL from Merrill Lynch.

    Based in Newport Beach, Calif., Park transitioned to financial services in 2007 following a career as a high school science teacher. With more than 20 years of industry experience, Park focuses on estate planning, investment management, retirement planning, tax planning and wealth management, taking a holistic and comprehensive approach with the goal of fostering meaningful, multi-generational relationships.

    “Every client’s financial journey is unique, shaped by their individual values, goals and circumstances,” Park said. “That’s why I believe in taking a personalized approach to working with my clients, one that prioritizes active listening, empathy and experience. Then together, we create a customized roadmap for their financial journey, providing a clear direction, milestones and accountabilities.”

    Why Mai Park made the move to Linsco by LPL
    Looking to better serve her clients with enhanced technology and broader offerings, Park chose to move to LPL Financial and join the team at Pence Wealth Management. She was drawn to the Linsco model, which serves financial advisors seeking the core tenets of independence, including owning their client relationships and having flexibility to run their practices, their way. With Linsco, advisors have access to LPL’s integrated wealth management platform and robust business resources, along with the additional benefits of having support from an experienced branch management team, dedicated marketing consultant and other resources that allow advisors to focus on their clients.

    “LPL has the size, scale and reputation that will allow me to serve my clients with a boutique-level of service while offering the freedom and flexibility to build my practice on my terms,” Park said. “Aligning with LPL and Pence Wealth Management offers me the ability to focus on my core strength — delivering an exceptional client experience.”

    Scott Posner, LPL Managing Director, Business Development, said, “We welcome Mai to the Linsco community and congratulate her and the Pence Wealth Management team on the launch of Mai Park Capital. At LPL, we recognize what it takes to launch and operate a thriving business and are committed to investing in streamlined and integrated business solutions designed to help advisors spend more time with their clients and differentiate their practices. We look forward to supporting Mai Park Capital for years to come.”

    Related
    Advisors, learn how LPL Financial can help take your business to the next level.

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

    Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC.

    Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

    We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

    *Value approximated based on asset and holding details provided to LPL from end of year, 2024.

    Media Contact: 
    Media.relations@LPLFinancial.com 

    Tracking #742801

    The MIL Network –

  • MIL-OSI: Richtech Robotics Announces Preliminary Inclusion in US small-cap Russell 2000® Index

    Source: GlobeNewswire (MIL-OSI)

    Las Vegas, NV, May 28, 2025 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, announces that it has been selected for preliminary inclusion in the US small-cap Russell 2000® Index, according to a preliminary list of additions published by FTSE Russell on Friday, May 23, 2025. The newly reconstituted indexes are expected to take effect after US market close on June 27, 2025, as part of the 2025 Russell Indexes reconstitution. Membership in the Russell 2000® Index, which remains in place for one year, is based on membership in the broad-market Russell 3000® Index. The Company’s stock will also be automatically added to the appropriate growth and value indexes.

    “We believe our preliminary inclusion in the Russell 2000® Index represents a significant validation of the momentum we’re building at Richtech Robotics,” said Matt Casella, President of Richtech Robotics. “It reflects growing market confidence in our long-term vision and the impact our AI-driven automation is having across the service industry. We’re proud of our team’s commitment to innovation, operational excellence, and delivering value to both our customers and shareholders.”

    Russell indices are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to the data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, a prominent global index provider.

    For more information on the Russell 2000® and Russell 3000® Indexes and the Russell indexes reconstitution, visit the “Russell Reconstitution” section on the FTSE Russell website.

    About Richtech Robotics

    Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Our mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, we aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at www.RichtechRobotics.com.

    Forward Looking Statements

    Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding Richtech Robotics’ inclusion in the Russell Index and the potential impact, if any, of such inclusion on Richtech Robotics’ stock.

    These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to Richtech Robotics’ products, industry and general economic and market conditions. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K/A, filed with the SEC on March 4, 2025, the IPO registration statement and periodic reports filed with the SEC on or after the date thereof. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

    Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

    Investors:
    CORE IR
    Matt Blazei
    ir@richtechrobotics.com

    Media: 
    Timothy Tanksley
    Director of Marketing
    Richtech Robotics, Inc
    press@richtechrobotics.com
    702-534-0050

    The MIL Network –

  • MIL-OSI: Amy Dolan, 20-Year Mortgage Veteran, Joins Rate in Philadelphia, PA

    Source: GlobeNewswire (MIL-OSI)

    PHILADELPHIA, May 28, 2025 (GLOBE NEWSWIRE) — Rate, a leader in fintech mortgage solutions, announced the addition of Amy Dolan as a new loan officer serving the greater Philadelphia area. With more than two decades of mortgage experience, Dolan brings deep knowledge of loan origination and underwriting to help local buyers confidently navigate the home financing process.

    A recognized industry leader, Dolan is a seven-time All-Star Club Award Recipient and has built a reputation for delivering consistent, high-quality service to homebuyers. Her decision to join Rate reflects a shared commitment to streamlining the mortgage process while putting the customer first.

    “I chose the mortgage industry because helping people achieve their dream of homeownership drives me,” said Dolan. “There’s nothing more rewarding than guiding someone through one of the biggest decisions of their life.”

    Dolan’s community involvement spans well beyond real estate. For the past 14 years, she has led and developed her local youth and high school wrestling program, mentoring student-athletes and building team culture at the grassroots level.

    “We are delighted to welcome Amy to Rate, where her 20 years of mortgage lending experience and deep understanding of underwriting guidelines will ensure a seamless mortgage process for her customers,” said Jeff Nelson, Chief Production Officer – East. “We feel incredibly fortunate to have Amy on our team.”

    This appointment underscores Rate’s continued commitment to investing in experienced loan originators who are trusted in their markets and dedicated to customer care.

    About Rate
    Rate Companies is a leader in mortgage lending and digital financial services. Headquartered in Chicago, Rate has over 850 branches across all 50 states and Washington D.C. Since its launch in 2000, Rate has helped more than 2 million homeowners with home purchase loans and refinances. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates, and delivering unparalleled customer service. Honors and awards include: Top 5 Mortgage Lender by Inside Mortgage Finance for 2024; Best Mortgage Lender for First-Time Homebuyers by NerdWallet for 2023; HousingWire’s Tech100 award for the company’s industry-leading FlashClose℠ digital mortgage platform in 2020, MyAccount in 2022, and Language Access Program in 2023; the most Scotsman Guide Top Originators for 11 consecutive years; Chicago Agent Magazine’s Lender of the Year for seven consecutive years; and Chicago Tribune’s Top Workplaces list for seven straight years. Visit rate.com for more information.

    Media Contact

    press@rate.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c2234cbc-d2ee-4e13-b625-b9c17329982f

    The MIL Network –

  • MIL-OSI: STEALTHGAS INC. Reports First Quarter 2025 Financial and Operating Results

    Source: GlobeNewswire (MIL-OSI)

    ATHENS, Greece, May 28, 2025 (GLOBE NEWSWIRE) — STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the first quarter ended March 31, 2025.

    OPERATIONAL AND FINANCIAL HIGHLIGHTS

    • Strong profitability continued for the first quarter, with Net income of $14.1 million corresponding to a basic EPS of $0.38, similar to the previous quarter’s $14.2 million but reduced compared to the $17.7 million record at the time achieved in the first quarter of 2024.
    • Time Charter equivalent revenues decreased by 4.6% compared to the same period of last year to $36.9 million for the first quarter of 2025 as a result of a more muted market.
    • Preserved the high period coverage. About 70% of fleet days for 2025 are secured on period charters, with total fleet employment days for all subsequent periods generating over $165 million (excl. JV vessels) in contracted revenues.
    • Continued reducing leverage, making $34.4 million in debt repayments during the first quarter of 2025 and a further $19.2 million in the current quarter of 2025. Currently, all the vessels in the fully owned fleet except one are unencumbered.
    • Since the last quarterly announcement the Company has spent $1.8 million in share repurchases. Overall under the current program the Company has spent over $21.2 million in share repurchases since June 2023.
    • Maintaining ample cash and cash equivalents (incl. restricted cash) of $77.1 million as of March 31, 2025 enabling the Company to further reduce debt.

    First Quarter 2025 Results1:

    • Revenues for the three months ended March 31, 2025 amounted to $42.0 million compared to revenues of $41.6 million for the three months ended March 31, 2024, based on an average of 28.0 vessels and 27.0 vessels owned by the Company, respectively, as the vessels remaining in the fleet earned higher revenues due to better market conditions.
    • Voyage expenses and vessels’ operating expenses for the three months ended March 31, 2025, were $5.1 million and $13.5 million, respectively, compared to $2.9 million and $11.5 million, respectively, for the three months ended March 31, 2024. The $2.2 million increase in voyage expenses was mainly due to an increase in port expenses and in bunkers costs as a result of the increase in spot market days for the fleet. The $2.0 million increase in vessels’ operating expenses was mainly due to increase in crew costs and maintenance expenses.
    • Drydocking costs for the three months ended March 31, 2025 and 2024 were $0.4 million and nil, respectively. Drydocking expenses during the first quarter of 2025 mainly relate to the commenced drydocking of one vessel, compared to no drydocking of vessels in the same period of last year.
    • General and administrative expenses remained stable at $2.2 million for both the three months ended March 31, 2025 and 2024.
    • Depreciation for the three months ended March 31, 2025 and 2024 was $6.7 million and $6.5 million, respectively, a $0.2 million increase is mainly related to the increase in average number of vessels owned by the Company and to the partial replacement of some of the older vessels with newer and larger ones which have a higher cost.
    • Impairment loss for the three months ended March 31, 2025 and 2024 was $0.5 million and nil, respectively. As a result of the agreed sale terms for the vessel Gas Cerberus, with delivery expected in the second quarter of 2025, a non-cash impairment loss of $0.5 million was recognized in the first quarter of 2025.
    • Interest and finance costs for the three months ended March 31, 2025 and 2024, were $1.4 million and $3.2 million, respectively. The $1.8 million decrease from the same period of last year is primarily due to continued debt prepayments.
    • Interest income for the three months ended March 31, 2025 and 2024, remained unchanged at $0.8 million.
    • Equity earnings in joint ventures for the three months ended March 31, 2025 and 2024 was a gain of $2.2 million and $2.6 million, respectively. The $0.4 million decrease was primarily due to decrease in number of vessels in joint ventures.
    • As a result of the above, for the three months ended March 31, 2025, the Company reported net income of $14.1 million, compared to net income of $17.7 million for the three months ended March 31, 2024. The weighted average number of shares outstanding, basic, for the three months ended March 31, 2025 and 2024 was 35.7 million and 35.1 million, respectively.
    • Earnings per share, basic, for the three months ended March 31, 2025 amounted to $0.38 compared to earnings per share, basic, of $0.49 for the same period of last year.
    • Adjusted net income was $16.1 million corresponding to an Adjusted EPS of $0.44 for the three months ended March 31, 2025 compared to Adjusted net income of $19.1 million corresponding to an Adjusted EPS of $0.53 for the same period of last year.
    • EBITDA for the three months ended March 31, 2025 amounted to $21.4 million. Reconciliations of Adjusted Net Income, EBITDA and Adjusted EBITDA to Net Income are set forth below.
    • An average of 28.0 vessels were owned by the Company during the three months ended March 31, 2025 compared to 27.04 vessels for the same period of 2024.

    1 EBITDA, Adjusted EBITDA, Adjusted Net Income and Adjusted EPS are non-GAAP measures. Refer to the reconciliation of these measures to the most directly comparable financial measure in accordance with GAAP set forth later in this release.

    Fleet Update Since Previous Announcement

    The Company announced the conclusion of the following chartering arrangements (of three or more months duration):

    • A twelve months time charter for its 2016 built LPG carrier Eco Dominator, until Mar 2026.
    • A twelve months time charter extension for its 2016 built LPG carrier Eco Nical, until May 2026.
    • A six months time charter extension for the 2012 built LPG carrier Gas Esco, until Sep 2025.

    As of June 2025, the Company has total contracted revenues of approximately $165 million.

    As of June 2025, for the remainder of the year, the Company has circa 70% of fleet days secured under period contracts and contracted revenues of approximately $72 million.

    In April 2025, the Company entered into an agreement to sell the vessel Gas Cerberus to a third party, with delivery expected in the second quarter of 2025. The vessel is debt-free, and the full proceeds from the sale will contribute to the Company’s liquidity position.

    The Company has agreed in principle to purchase back from one of its joint venture partners the remaining share (49.9%) which it does not already own in the two vessels Eco Lucidity and Gas Haralambos. The transaction is subject to entry into definitive documentation and customary conditions and is expected to take place within June 2025. Following this transaction, these two vessels will be consolidated within the fully owned fleet of the Company and only one vessel will remain in a JV.

    Board Chairman Michael Jolliffe Commented

    The results that were announced today point to a strong start to the year and underpin our confidence in sustaining the momentum we have built over the last years, throughout 2025. It is no doubt a period of uncertainty and in such periods, among other things, there is reluctance by charterers to commit longer term. With the latest developments, we expect trade flows to normalize and sentiment to improve as the fundamentals of LPG shipping continue to be positive. In this volatile environment StealthGas remains steadfast in its strategy and has all but eliminated its financial risk, being net debt free after having made over $50 million in debt repayments during this year and having 27 out of 28 vessels unencumbered. At the same time in order to return value to our shareholders, we have begun buying back shares, spending $1.8 million in share repurchases since March. Overall under the current program the Company has spent over $21.2 million in share repurchases since June 2023.

    Conference Call details:

    On May 28, 2025 at 10:00 am ET, the company’s management will host a conference call to discuss the results and the company’s operations and outlook.

    Conference call participants should pre-register using the below link to receive the dial-in numbers and a personal PIN, which are required to access the conference call.

    https://register-conf.media-server.com/register/BI2ab472844539410f8650314c8df8fdaf

    Slides and audio webcast:
    There will also be a live and then archived webcast of the conference call, through the STEALTHGAS INC. website (www.stealthgas.com). Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

    About STEALTHGAS INC.

    StealthGas Inc. is a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry. StealthGas Inc. has a fleet of 31 LPG carriers, including three Joint Venture vessels in the water. These LPG vessels have a total capacity of 349,170 cubic meters (cbm). StealthGas Inc.’s shares are listed on the Nasdaq Global Select Market and trade under the symbol “GASS.”
    Visit our website at www.stealthgas.com

    Forward-Looking Statements

    Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although STEALTHGAS INC. believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, STEALTHGAS INC. cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, geopolitical conditions, including any trade disruptions resulting from tariffs and other protectionist measures imposed by the United States or other countries, general market conditions, including changes in charter hire rates and vessel values, charter counterparty performance, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydockings, shipyard performance, changes in STEALTHGAS INC’s operating expenses, including bunker prices, drydocking and insurance costs, ability to obtain financing and comply with covenants in our financing arrangements, actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, the conflict in Ukraine and related sanctions, the conflict in Israel and Gaza, potential disruption of shipping routes due to ongoing attacks by Houthis in the Red Sea and Gulf of Aden or accidents and political events or acts by terrorists.

    Risks and uncertainties are further described in reports filed by STEALTHGAS INC. with the U.S. Securities and Exchange Commission.

    Fleet List
    For information on our fleet and further information:
    Visit our website at www.stealthgas.com

    Fleet Data:
    The following key indicators highlight the Company’s operating performance during the periods ended March 31, 2024 and 2025.

    FLEET DATA Q1 2024   Q1 2025  
    Average number of vessels (1) 27.04   28.00  
    Period end number of owned vessels in fleet 27   28  
    Total calendar days for fleet (2) 2,461   2,520  
    Total voyage days for fleet (3) 2,439   2,500  
    Fleet utilization (4) 99.1%   99.2%  
    Total charter days for fleet (5) 2,232   2,118  
    Total spot market days for fleet (6) 207   382  
    Fleet operational utilization (7) 97.7%   94.0%  
             

    1) Average number of vessels is the number of owned vessels that constituted our fleet for the relevant period, as measured by the sum of the number of days each vessel was a part of our fleet during the period divided by the number of calendar days in that period.
    2) Total calendar days for fleet are the total days the vessels we operated were in our possession for the relevant period including off-hire days associated with major repairs, drydockings or special or intermediate surveys.
    3) Total voyage days for fleet reflect the total days the vessels we operated were in our possession for the relevant period net of off-hire days associated with major repairs, drydockings or special or intermediate surveys.
    4) Fleet utilization is the percentage of time that our vessels were available for revenue generating voyage days and is determined by dividing voyage days by fleet calendar days for the relevant period.
    5) Total charter days for fleet are the number of voyage days the vessels operated on time or bareboat charters for the relevant period.
    6) Total spot market charter days for fleet are the number of voyage days the vessels operated on spot market charters for the relevant period.
    7) Fleet operational utilization is the percentage of time that our vessels generated revenue and is determined by dividing voyage days excluding commercially idle days by fleet calendar days for the relevant period.

    Reconciliation of Adjusted Net Income, EBITDA, adjusted EBITDA and adjusted EPS:

    Adjusted net income represents net income before loss/gain on derivatives excluding swap interest paid/received, impairment loss, net gain/loss on sale of vessels and share based compensation. EBITDA represents net income before interest and finance costs, interest income and depreciation. Adjusted EBITDA represents net income before interest and finance costs, interest income, depreciation, impairment loss, net gain/loss on sale of vessels, share based compensation and loss/gain on derivatives.

    Adjusted EPS represents Adjusted net income divided by the weighted average number of shares.

    EBITDA, adjusted EBITDA, adjusted net income and adjusted EPS are included herein because they are a basis, upon which we and our investors assess our financial performance. They allow us to present our performance from period to period on a comparable basis and provide investors with a means of better evaluating and understanding our operating performance.

    EBITDA, adjusted EBITDA, adjusted net income and adjusted EPS are not recognized measurements under U.S. GAAP. Our calculation of EBITDA, adjusted EBITDA, adjusted net income and adjusted EPS may not be comparable to that reported by other companies in the shipping or other industries. In evaluating Adjusted EBITDA, Adjusted net income and Adjusted EPS, you should be aware that in the future we may incur expenses that are the same as or similar to some of the adjustments in this presentation.

    (Expressed in United States Dollars,
    except number of shares)    		 Three Months Period Ended March 31st,
      2024  2025 
    Net Income – Adjusted Net Income    
    Net income 17,729,716   14,107,680  
    Less gain on derivatives (99,286 ) —  
    Plus swap interest received 208,127   —  
    Less gain on sale of vessels, net (46,384 ) —  
    Plus impairment loss —   488,400  
    Plus share based compensation 1,345,409   1,540,402  
    Adjusted Net Income 19,137,582   16,136,482  
         
    Net income – EBITDA    
    Net income 17,729,716   14,107,680  
    Plus interest and finance costs 3,169,061   1,415,605  
    Less interest income (753,396 ) (752,471 )
    Plus depreciation 6,492,376   6,653,460  
    EBITDA 26,637,757   21,424,274  
         

    Net income – Adjusted EBITDA

    		    
    Net income 17,729,716   14,107,680  
    Less gain on derivatives (99,286 ) —  
    Less gain on sale of vessels, net (46,384 ) —  
    Plus impairment loss —   488,400  
    Plus share based compensation 1,345,409   1,540,402  
    Plus interest and finance costs 3,169,061   1,415,605  
    Less interest income (753,396 ) (752,471 )
    Plus depreciation 6,492,376   6,653,460  
    Adjusted EBITDA 27,837,496   23,453,076  
         
    EPS – Adjusted EPS    
    Net income 17,729,716   14,107,680  
    Adjusted net income 19,137,582   16,136,482  
    Weighted average number of shares, basic 35,119,500   35,725,720  
    EPS – Basic 0.49   0.38  
    Adjusted EPS – Basic 0.53   0.44  
             

    StealthGas Inc.
    Unaudited Condensed Consolidated Statements of Income
    (Expressed in United States Dollars, except for number of shares)

        Three Months Period Ended March 31,
        2024  2025 
         
    Revenues    
      Revenues 41,563,908     42,025,987  
           
    Expenses    
      Voyage expenses 2,345,200     4,573,956  
      Voyage expenses – related party 513,247     518,440  
      Vessels’ operating expenses 11,235,359     13,282,235  
      Vessels’ operating expenses – related party 241,500     228,200  
      Drydocking costs –     412,620  
      Management fees – related party 1,053,719     1,080,001  
      General and administrative expenses 2,213,853     2,165,709  
      Depreciation 6,492,376     6,653,460  
      Impairment loss –     488,400  
      Net gain on sale of vessels (46,384 )   –  
    Total expenses 24,048,870     29,403,021  
           
    Income from operations 17,515,038     12,622,966  
           
    Other (expenses)/income    
      Interest and finance costs (3,169,061 )   (1,415,605 )
      (Loss)/gain on derivatives 99,286     –  
      Interest income 753,396     752,471  
      Foreign exchange (loss)/gain (49,044 )   (26,484 )
    Other expenses, net (2,365,423 )   (689,618 )
           
    Income before equity in earnings of investees 15,149,615     11,933,348  
    Equity earnings in joint ventures 2,580,101     2,174,332  
    Net Income 17,729,716     14,107,680  
           
    Earnings per share    
    – Basic 0.49     0.38  
    – Diluted 0.49     0.39  
           
    Weighted average number of shares    
    – Basic 35,119,500     35,725,720  
    – Diluted 35,247,529     35,764,990  
               

    StealthGas Inc.
    Unaudited Condensed Consolidated Balance Sheets
    (Expressed in United States Dollars)

        December 31, March 31,
        2024 2025 
           
    Assets    
    Current assets    
      Cash and cash equivalents 80,653,398 74,392,306  
      Trade and other receivables 6,156,300 7,253,738  
      Other current assets 193,265 422,168  
      Claims receivable 55,475 55,475  
      Inventories 3,891,147 3,198,028  
      Advances and prepayments 733,212 549,263  
      Fair value of derivatives 387,608 280,577  
    Total current assets 92,070,405 86,151,555  
           
    Non current assets    
      Operating lease right-of-use assets — 202,362  
      Vessels, net 608,214,416 601,072,556  
      Other receivables 370,053 237,561  
      Restricted cash 3,867,752 2,734,442  
      Investments in joint ventures 27,717,238 27,257,570  
    Total non current assets 640,169,459 631,504,491  
    Total assets 732,239,864 717,656,046  
           
    Liabilities and Stockholders’ Equity    
    Current liabilities    
      Payable to related parties 388,130 3,039,119  
      Trade accounts payable 10,994,434 10,485,931  
      Accrued liabilities 4,922,587 5,119,206  
      Operating lease liabilities — 120,938  
      Deferred income 4,304,667 5,882,276  
      Current portion of long-term debt 23,333,814 20,722,094  
    Total current liabilities 43,943,632 45,369,564  
           
    Non current liabilities    
      Operating lease liabilities — 81,424  
      Deferred income 213,563 586,577  
      Long-term debt 61,555,855 30,251,709  
    Total non current liabilities 61,769,418 30,919,710  
    Total liabilities 105,713,050 76,289,274  
           
    Commitments and contingencies    
           
    Stockholders’ equity    
      Capital stock 370,414 371,664  
      Treasury stock — (1,057,343 )
      Additional paid-in capital 409,912,934 411,808,336  
      Retained earnings 215,855,858 229,963,538  
      Accumulated other comprehensive income 387,608 280,577  
    Total stockholders’ equity 626,526,814 641,366,772  
    Total liabilities and stockholders’ equity 732,239,864 717,656,046  


    StealthGas Inc.
    Unaudited Condensed Consolidated Statements of Cash Flows
    (Expressed in United States Dollars)

        Three Months Period Ended March 31,
        2024   2025  
         
    Cash flows from operating activities    
      Net income for the period 17,729,716   14,107,680  
           
    Adjustments to reconcile net income to net cash    
    provided by operating activities:    
      Depreciation 6,492,376   6,653,460  
      Amortization of deferred finance charges 258,295   508,464  
      Amortization of operating lease right-of-use assets 24,745   29,194  
      Share based compensation 1,345,409   1,540,402  
      Change in fair value of derivatives 108,840   —  
      Proceeds from disposal of interest rate swaps 1,018,000   —  
      Equity earnings in joint ventures (2,580,101 ) (2,174,332 )
      Dividends received from joint ventures –   2,634,000  
      Impairment loss –   488,400  
      Gain on sale of vessels (46,384 ) —  
    Changes in operating assets and liabilities:    
      (Increase)/decrease in    
      Trade and other receivables (35,143 ) (964,946 )
      Other current assets 129,193   (228,903 )
      Inventories 353,756   693,119  
      Changes in operating lease liabilities (24,745 ) (29,194 )
      Advances and prepayments (159,743 ) 183,949  
      Increase/(decrease) in    
      Balances with related parties (1,390,625 ) 2,650,989  
      Trade accounts payable (475,368 ) (508,503 )
      Accrued liabilities 240,202   196,619  
      Deferred income 688,600   1,950,623  
    Net cash provided by operating activities 23,677,023   27,731,021  
           
    Cash flows from investing activities    
      Proceeds from sale of vessels, net 34,679,584   —  
      Acquisition and improvements of vessels (96,413,470 ) —  
      Advances to joint ventures (1,705 ) —  
    Net cash used in investing activities (61,735,591 ) —  
           
    Cash flows from financing activities    
      Proceeds from exercise of stock options 356,250   356,250  
      Stock repurchase (338,176 ) (1,057,343 )
      Deferred finance charges paid (22,167 ) —  
      Advances to joint ventures (11,848 ) —  
      Loan repayments (32,045,235 ) (34,424,330 )
      Proceeds from long-term debt 70,000,000   —  
    Net cash provided by/(used in) financing activities 37,938,824   (35,125,423 )
           
    Net decrease in cash, cash equivalents and restricted cash (119,744 ) (7,394,402 )
    Cash, cash equivalents and restricted cash at beginning of period 83,755,701   84,521,150  
    Cash, cash equivalents and restricted cash at end of period 83,635,957   77,126,748  
    Cash breakdown    
      Cash and cash equivalents 77,085,417   74,392,306  
      Restricted cash, current —   —  
      Restricted cash, non current 6,550,540   2,734,442  
    Total cash, cash equivalents and restricted cash shown in the statements of cash flows 83,635,957   77,126,748  

    The MIL Network –

  • MIL-OSI: Trupanion to Present at the William Blair 45th Annual Growth Stock Conference

    Source: GlobeNewswire (MIL-OSI)

    SEATTLE, May 28, 2025 (GLOBE NEWSWIRE) — Trupanion, Inc. (Nasdaq: TRUP), a leader in medical insurance for cats and dogs, announced today that Margi Tooth, Chief Executive Officer and President, will present at the William Blair 45th Annual Growth Stock Conference on Tuesday, June 3, 2025, at 3:20 p.m. CT and will participate in meetings with investors throughout the day.

    The presentation will be webcast live and can be accessed on Trupanion’s Investor Relations website at http://investors.trupanion.com.

    About Trupanion:

    Trupanion is a leader in medical insurance for cats and dogs throughout the United States, Canada, and certain countries in Continental Europe with over 1,000,000 pets currently enrolled. For over two decades, Trupanion has given pet owners peace of mind so they can focus on their pet’s recovery, not financial stress. Trupanion is committed to providing pet parents with the highest value in pet medical insurance with unlimited payouts for the life of their pets. With its patented process, Trupanion is the only North American provider with the technology to pay veterinarians directly in seconds at the time of checkout. Trupanion is listed on NASDAQ under the symbol “TRUP”. The company was founded in 2000 and is headquartered in Seattle, WA. Trupanion policies are issued, in the United States, by its wholly-owned insurance entity American Pet Insurance Company and, in Canada, by Accelerant Insurance Company of Canada. Policies are sold and administered in Canada by Canada Pet Health Insurance Services, Inc. dba Trupanion 309-1277 Lynn Valley Road, North Vancouver, BC V7J 0A2 and in the United States by Trupanion Managers USA, Inc. (CA license No. 0G22803, NPN 9588590). Canada Pet Health Insurance Services, Inc. is a registered damage insurance agency and claims adjuster in Quebec #603927. For more information, please visit trupanion.com.

    Contact: 

    Laura Bainbridge, Senior Vice President, Corporate Communications
    Gil Melchior, Director, Investor Relations
    Investor.Relations@trupanion.com

    The MIL Network –

  • MIL-OSI: Zero Hash Secures Regulatory Approval to Operate in Argentina, Accelerating Global Expansion

    Source: GlobeNewswire (MIL-OSI)

    BUENOS AIRES, Argentina, May 28, 2025 (GLOBE NEWSWIRE) — Zero Hash, the leading crypto and stablecoin infrastructure platform, today announced it has secured regulatory approval to operate in Argentina through its approval as a registered Virtual Asset Service Provider (VASP) with the National Securities Commission (CNV) of Argentina. This marks another significant milestone in Zero Hash’s strategic global expansion plans. Zero Hash was awarded approval after completing a rigorous registration process overseen by Argentina’s financial regulatory authorities, who have established some of the most comprehensive crypto regulatory frameworks in Latin America.

    The newly obtained registration enables Zero Hash to onboard Argentinian customers to its growing suite of digital asset services, including stablecoin payments, payouts, and crypto trading services, in full compliance with local regulatory requirements. The achievement adds to Zero Hash’s extensive global regulatory footprint and marks Zero Hash’s continued growth in Latin America following its previous expansion into Brazil.

    “Securing regulatory approval in Argentina represents the continued acceleration in our international growth strategy,” said Edward Woodford, CEO of Zero Hash. “This registration allows us to serve the vibrant Argentinian market, reinforcing our commitment to operate within jurisdictional regulatory frameworks to serve customers anywhere, anytime, 24/7/365.”

    Argentina has emerged as one of Latin America’s most dynamic cryptocurrency markets. Research shows that 65% of Argentina’s population frequently uses mobile wallets and payment applications for transactions, one of the highest adoption rates in Latin America. Additionally, Argentina has the eighth-largest volume in stablecoin payouts among the more than 60 countries handled by Zero Hash’s global stablecoin payouts rail. Like other markets worldwide, Argentinians use digital assets to protect against high inflation and currency instability.

    The extensive regulatory process requires compliance with stringent anti-money laundering protocols, comprehensive KYC procedures, and robust security standards. With this approval, Zero Hash can now:

    • Provide compliant digital asset services to Argentinian businesses and consumers.
    • Establish local operations to better serve the regional market.
    • Contribute to the growth of Argentina’s emerging digital economy.

    “We build our business through proper regulatory channels,” added Stephen Gardner, Chief Legal Officer at Zero Hash. “Our approach has always been to work collaboratively with local regulators to ensure we meet or exceed compliance requirements in every market we enter.”

    This regulatory approval comes at a crucial time for Argentina’s growing freelance workforce. Recent survey data highlights significant challenges within the country’s traditional financial infrastructure, with 88% of respondents indicating that current local banking and payment systems fail to adequately serve freelancers due to high fees, currency volatility issues, and payment delays.

    “Our entry into Argentina addresses a genuine market need,” added Woodford. “Our research shows that an overwhelming 92% of Argentinian freelancers prefer cryptocurrency payment options. We’ve incorporated these options for our local teams in Argentina, recognizing they deserve fair compensation without diminishing their earnings through unfavorable exchange rates. This reflects the real-world utility of digital assets in providing financial stability, reducing transaction costs, and enabling timely compensation for services rendered.”

    About Zero Hash
    Zero Hash is the leading infrastructure provider for crypto, stablecoin, and tokenized assets. Its API and embeddable dev-kit enables innovators to easily launch solutions across cross-border payments, commerce, trading, remittance, payroll, tokenization and on/off-ramps.

    Zero Hash powers solutions for some of the largest and innovative companies including Interactive Brokers, Stripe, Shift4, Franklin Templeton, Felix Pago, Kalshi and LightSpark. Zero Hash Holdings is backed by investors, including Point72 Ventures, Bain Capital Ventures, and NYCA.

    In the United States, Zero Hash LLC is a FinCen-registered Money Service Business and a regulated Money Transmitter that can operate in 51 U.S. jurisdictions. Zero Hash LLC and Zero Hash Liquidity Services LLC are licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Zero Hash Trust Company LLC has been approved by the North Carolina Commissioner of Banks as a non-depository trust company. For information about our global regulatory footprint, including our Argentinian registrations, see here.

    Zero Hash Disclosures

    The Zero Hash services and product offerings may not be available in all jurisdictions, including in the State of New York. Crypto and stablecoin holdings held in Zero Hash accounts are not subject to FDIC or SIPC protections in the U.S., or any such equivalent protections that may exist outside of the U.S. Zero Hash’s technical support and enablement of any asset is not an endorsement of such asset and is not a recommendation to buy, sell, or hold any crypto asset. The value of any cryptocurrency, including digital assets pegged to fiat currency, commodities, or any other asset, may go to zero.

    Learn more by visiting zerohash.com or following us on X @ZeroHashX

    Media Contacts
    Zero Hash
    Shaun O’Keeffe
    (855) 744-7333
    media@zerohash.com 

    The MIL Network –

  • MIL-OSI Russia: The EU has adopted legal acts lifting all economic restrictions on Syria

    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

    BRUSSELS, May 28 (Xinhua) — The European Union formally lifted almost all economic sanctions on Syria on Wednesday, adopting a political agreement aimed at supporting the country’s reconstruction, the EU Council said in a press release.

    The EU will lift all restrictive measures related to trade, investment and finance, except those based on security considerations, the press release said.

    As part of the package, 24 organisations, including the Central Bank of Syria and companies involved in key sectors such as oil production and refining, cotton production and telecommunications, are exempted from the EU asset freeze.

    According to the EU Council, several media outlets and television channels were also removed from the sanctions list. –0–

    MIL OSI Russia News –

  • MIL-OSI Africa: African Economic Outlook 2025—Africa’s short-term outlook resilient despite global economic and political headwinds

    Source: Africa Press Organisation – English (2) – Report:

    ABIDJAN, Ivory Coast, May 28, 2025/APO Group/ —

    Africa’s economy is projected to increase from 3.3 percent growth in 2024 to 3.9 percent in 2025, reaching 4 percent in 2026, despite mounting geopolitical uncertainties and trade tensions, the African Development Bank Group (www.AfDB.org) said Tuesday in its flagship 2025 African Economic Outlook report. 

    Despite the prevailing domestic and external challenges  Africa continues to demonstrate notable resilience. The report, titled “Making Africa’s Capital Work Better for Africa’s Development,” was released during the Bank Group’s 2025 Annual Meetings, taking place in Abidjan, Côte d’Ivoire. It demonstrates the continent’s capacity to weather multiple shocks while identifying pathways to unlock a vast potential for transformation.  

    Strong growth outlook despite global headwinds 

    The report presents encouraging projections despite significant challenges: 

    • 21 African countries will achieve growth exceeding 5 percent in 2025, with four countries—Ethiopia, Niger, Rwanda, and Senegal—potentially reaching the critical 7 percent threshold required for poverty reduction and inclusive growth. 
    • Africa’s projected growth rates will surpass the global average and outpace most other regions except emerging and developing Asia. 
    • Africa’s continued resilience is built on effective domestic reforms and improved macroeconomic management. 

    Mixed growth performance across Africa’s regions 

    Growth prospects vary significantly across regions: East Africa leads with a projected 5.9 percent growth in 2025-2026, driven by resilience in Ethiopia, Rwanda, and Tanzania. West Africa maintains solid 4.3 percent growth, driven by new oil and gas production coming onstream in Senegal and Niger. In the face of persistent headwinds, North Africa is expected to register 3.6 percent growth in 2025. In Central Africa, growth is projected to slow to 3.2% and Southern Africa will grow at only 2.2 percent, with its largest economy, South Africa, expected to achieve only 0.8 percent growth 

    Significant challenges persist. Fifteen countries are experiencing double-digit inflation, while interest payments now consume 27.5 percent of government revenue across Africa, up from 19 percent in 2019. 

    “Africa must now face the challenge and look inwards to mobilizing the resources needed to finance its own development in the years ahead,” said Prof. Kevin Chika Urama, Chief Economist and Vice President of the African Development Bank Group, presenting the report’s findings.  

    Massive domestic resource potential remains untapped  

    The AEO 2025 estimates that, with the right policies, Africa could mobilize an additional $1.43 trillion in domestic resources from tax and non-tax revenue sources through efficiency gains alone. Africa’s extraordinary but underutilized resource base includes: 

    • Natural capital: Africa hosts 30 percent of global mineral reserves and could capture over 10 percent of the projected $16 trillion in revenues from key green minerals by 2030 
    • Human capital: The continent’s median age of 19 represents a demographic dividend that could add $47 billion to Africa’s GDP through improved workforce participation 
    • Financial capital: Pension fund assets have grown to $1.1 trillion, while formal remittances could reach $500 billion by 2035 if transfer costs are reduced 
    • Business capital: Full implementation of the African Continental Free Trade Area could increase exports by $560 billion and boost continental income by $450 billion by 2035 

    Urgent action needed to address resource leakages 

    The report stresses that massive capital outflows are undermining the continent’s development. Compared to $190.7 billion of financial inflows received in 2022, Africa lost approximately $587 billion from financial leakages. Of this, around $90 billion was lost to illicit financial flows, a further $275 billion  siphoned away by multinational corporations shifting profits, and $148 billion lost to corruption. 

    Vice President Urama said: “When Africa allocates its own capital (human, natural, fiscal, business and financial) effectively, global capital will follow Africa’s capital to accelerate investments in productive sectors in Africa.” 

    Key policy recommendations 

    “There can be no substitute to sound macroeconomic policy management, quality institutions and good governance,  and rule of law.” VP Urama said, emphasizing the vital need to bolster governance. 

    The report also calls for comprehensive reforms across several critical areas. On fiscal revenue mobilization, it recommends enhancing tax administration through digitalization, broadening national tax bases, and strengthening social contracts with citizens to improve compliance. It advocates making natural capital accounting mandatory and enforcing domestic value retention through beneficiation requirements.  

    The AEO also emphasizes the need to deepen financial markets by tapping institutional savings, developing local currency bond markets, and harmonizing regulatory frameworks to facilitate cross-border investment.  

    The African Economic Outlook: The 2025 African Economic Outlook provides a comprehensive roadmap for unlocking Africa’s transformation potential through better mobilization and utilization of domestic capital resources. 

    MIL OSI Africa –

  • MIL-OSI Canada: Statement to mark Menstrual Hygiene Day

    Source: Government of Canada News

    May 28, 2025 – Ottawa, Ontario — Women and Gender Equality Canada

    The Honourable Rechie Valdez, Minister for Women and Gender Equality and Secretary of State (Small Business and Tourism), made the following statement on Menstrual Hygiene Day.

    “Menstrual Hygiene Day is a reminder that we must always tackle the stigma around menstruation – and the very real impact that period poverty has on people’s lives.

    Menstrual equity also has an important impact on the economy, as period poverty can affect workforce participation, contribute to absenteeism, and limit productivity. For instance, 15% of people in Canada who menstruate say their inability to afford menstrual products holds them back from participating in daily activities, such as attending school or work. Through Food Banks Canada we are running the Menstrual Equity Fund pilot to address barriers to accessing menstrual products. This initiative is dedicated to ensuring that menstruation is never a barrier to education or employment.

    This Menstrual Hygiene Day let’s help raise awareness on what menstrual equity really means. Let’s keep pushing to end period poverty in Canada. Join the conversation online by using #MHDay2025 and help challenge taboos and make menstrual health a priority.”

    MIL OSI Canada News –

  • MIL-OSI Global: Hockey night in Belfast? How Canada’s sport could be bridging longtime sectarian divides

    Source: The Conversation – Canada – By Eric Lepp, Assistant Professor of Peace and Conflict Studies, University of Waterloo

    The Belfast Giants celebrate a goal. (Belfast Giants)

    In its simplest form, the protracted tensions in Northern Ireland have at their foundation two separate sectarian identities deeply divided over how, and by whom, they are governed — Protestant/Unionist populations wishing to maintain British rule and Catholic/Nationalists desiring a united Ireland.

    The 1998 Good Friday Peace Agreement brought an end to armed hostilities that devastated cities and towns through years of urban guerilla conflict. Yet divisions remain sewn into the everyday lives and patterns of the Northern Irish people — 90 per cent of students attend segregated schools and there are few friendships spanning the sectarian divide.

    One setting sits identifiably apart from these entrenched divisions: the ice hockey arena. Now in their 25th season, the Belfast Giants, Ireland’s only professional hockey team, impressively draws an average of 6,480 spectators to their games. They’ve also built a large and enthusiastic fan base known as the “Teal Army.”

    As a spectator sport with limited opportunity to play the game competitively and no significant history on either side of the conflict, the hockey arena has emerged as something of a neutral ground where fans from different backgrounds come together side-by-side.

    The arena is a place where symbols of division, so common across Northern Ireland via flags, murals and graffiti, are not allowed.

    The lack of a historical association with one side of the conflict, the fact that the sport is played predominantly by men from outside Northern Ireland — mostly from North America and Scandinavia — and a name and logo rooted in the shared regional lore of mythical giant Finn McCool has allowed the team to forge its own path post-peace agreement.

    The Belfast Giants Mascot, Finn McCool, at a recent game.
    (Belfast Giants)

    The Friendship Four

    In 2015, after years of planning, the Belfast Giants hosted the inaugural Friendship Four hockey tournament.

    Held over the American Thanksgiving weekend, the tournament has since become an annual event that sees four Division I hockey teams from American universities come to Belfast for a two-day experience that includes intercultural exchange, educational visits to local schools and a hockey tournament.

    The Friendship Four promotional poster.
    (Notre Dame Hockey X account)

    Since the tournament began, it has hosted teams from the New England and Boston areas as a means of fostering stronger ties between the sister cities of Belfast and Boston.

    In 2024, the Friendship Four tournament notably included a school with a long association with Ireland, the University of Notre Dame. As a prominent American Catholic university with a team name — the Fighting Irish — that is directly connected to the island’s divisive history, the team’s inclusion in the Friendship Four had the potential to tarnish the neutrality of the event.

    Controversial social media post

    As a researcher who has engaged significantly with supporters of the Belfast Giants, and as an alumnus of the University of Notre Dame, this tournament drew me to Belfast.

    The ‘Know Before You Go’ post from Notre Dame Hockey on X on Nov. 19, 2024 that was subsequently deleted.
    (Notre Dame Hockey X account)

    Before the 2024 tournament in November, the Notre Dame Hockey account posted guidelines on X for their supporters in Belfast, including an image of what to wear, and what not to wear, around the city. It noted: “Just a reminder to avoid our Irish symbolism, that may be deemed offensive to some, while out around town.”

    The post was deleted a few hours later, and an apology was issued acknowledging the tournament was meant to build bridges, not stoke division. Nonetheless, the original post drew significant attention and criticism.

    Belfast media and British news outlets picked up the story about the Notre Dame post. Many of the comments on social media about the story were situated in ethno-sectarian views or pointed fingers of blame.

    The outrage that greeted the Notre Dame X post demonstrates the tension and complexity of identity and symbols in Northern Ireland. But it thankfully wasn’t replicated in the Belfast hockey arena because the groundwork of social capital among hockey fans in the city has been built over the last 25 years.

    ‘Game on!’ and getting on with it

    On Nov. 29, 2024, the Notre Dame team took to the ice to play against Harvard without any extra fanfare.

    The afternoon game was filled with school groups carrying homemade signs and cheering for the teams whose players had visited their schools earlier in the week with overt hopes of seeing themselves on the jumbotrons. The game could have been in Saskatoon given the lack of any sectarian tensions.

    Action at the Friendship Four Championship Hockey Game on Nov. 30, 2024, in Belfast.
    (Notre Dame Hockey Facebook)

    In an age of rising polarization and lack of human connection, the hockey arena in Belfast is worthy of attention.

    Hallmarks of post-conflict reconstruction include the development of a shared understanding of the truth about past events and directly engaging with contested acts and issues. Neither effort has been particularly well-executed in Northern Ireland.

    Nonetheless, as people wait for a more fulsome peace in the region, they have managed to live peacefully side by side in places like the Belfast hockey arena.

    As peace and conflict research continues its attempts to understand how those in conflict-affected communities navigate their everyday lives, the importance of non-traditional, non-partisan activities that can bridge divides should not be overlooked.

    Eric Lepp 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. Hockey night in Belfast? How Canada’s sport could be bridging longtime sectarian divides – https://theconversation.com/hockey-night-in-belfast-how-canadas-sport-could-be-bridging-longtime-sectarian-divides-257094

    MIL OSI – Global Reports –

  • MIL-OSI Global: When Elvis and Ella were pressed onto X-rays – the subversive legacy of Soviet ‘bone music’

    Source: The Conversation – USA – By Richard Gunderman, Chancellor’s Professor of Medicine, Liberal Arts, and Philanthropy, Indiana University

    In the Soviet Union, some clever people realized that X-ray film was just soft enough to be etched by a sound recording device. Michelle Mengsu Chang/Toronto Star via Getty Images

    When Western Electric invented electrical sound recording 100 years ago, it completely transformed the public’s relationship to music.

    Before then, recording was done mechanically, scratching sound waves onto rolled paper or a cylinder. Such recordings suffered from low fidelity and captured only a small segment of the audible sound spectrum.

    By using electrical microphones, amplifiers and electromechanical recorders, record companies could capture a far wider range of sound frequencies, with much higher fidelity. For the first time, recorded sound closely resembled what a live listener would hear. Over the ensuing years, sales of vinyl records and record players boomed.

    The technology also allowed some enterprising music fans to make recordings in surprising and innovative ways. As a physician and scholar in the medical humanities, I am fascinated by the use of X-ray film to make recordings – what was known as “bone music,” or “ribs.”

    This rather bizarre, homemade technology became a way to skirt censors in the Soviet Union – and even played an indirect role in its dissolution.

    Skirting the Soviet censorship regime

    At the end of World War II, Soviet censorship shifted into high gear in an effort to suppress a Western culture deemed threatening or decadent.

    Many books and poems could circulate only through “samizdat,” a portmanteau of “self” and “publishing” that involved the use of copy machines to reproduce forbidden texts. Punishments inflicted on Soviet artists and citizens for producing or disseminating censored materials included loss of employment, imprisonment in gulags and even execution.

    The phonographic analog of samizdat was often referred to as “roentgenizdat,” which was derived from the name of Wilhelm Roentgen, the German scientist who received the first Nobel Prize in physics in 1901 for his discovery of X-rays.

    Roentgen’s work revolutionized medicine, making it possible to peer inside the living human body without cutting it open and enabling physicians to more easily and accurately diagnose skeletal fractures and diseases such as pneumonia.

    Today, X-rays are produced and stored digitally. But for most of the 20th century they were created on photographic film and stored in large film libraries, which took up a great deal of space.

    Because exposed X-ray films cannot be reused, hospitals often recycled them to recoup the silver they contained.

    Making music from medicine

    In the Soviet Union in the 1940s, some clever people realized that X-ray film was just soft enough to be etched by an electromechanical lathe, or sound recording device.

    To make a “rib,” or “bone record,” they would use a compass to trace out a circle on an exposed X-ray film that might bear the image of a patient’s skull, spine or hands. They then used scissors to cut out the circle, before cutting a small hole in the middle so it would fit on a conventional record player.

    Then they would use a recording device to cut either live sound or, more commonly, a bootleg record onto the X-ray film. Sound consists of vibrations that the lathe’s stylus etches into grooves on the disc. Such devices were not widely available, meaning that only a relatively small number of people could produce such recordings.

    A disc-cutting lathe demonstrates the production of an X-ray record at a 2021 exhibition in Berlin, Germany.
    Adam Berry/Getty Images

    The censors kept a close eye on record companies. But anyone who could obtain a recording device could record music on pieces of X-ray film, and these old films could be obtained after hospitals threw them out or purchased at a relatively low price from hospital employees.

    Compared with professionally produced vinyl records, the sound quality was poor, with recordings marred by extraneous noises such as hisses and crackles. The records could be played only a limited number of times before the grooves would wear out.

    Nonetheless, these resourceful recordings were shared, bought and sold entirely outside of official channels into the 1960s and 1970s.

    A window into another life

    Popular artists “on the bone” included Ella Fitzgerald and Elvis Presley, whose jazz and rock ’n’ roll recordings, to the ears of many Soviet citizens, represented freedom and self-expression.

    In his book “Bone Music,” cultural historian Stephen Coates describes how Soviet authorities viewed performers such as The Beatles as toxic because they appeared to promote a brand of amoral hedonism and distracted citizens from Communist party priorities.

    One Soviet critic of bone music recalled of its purveyors:

    “It is true that from time to time they are caught, their equipment confiscated, and they may even be brought to court. But then they may be released and be free to go wherever they like. The judges decide that they are, of course, parasites, but they are not dangerous. They are getting suspended sentences! But these record producers are not just engaged in illegal operations. They corrupt young people diligently and methodically with a squeaky cacophony and spread explicit obscenities.”

    Bone music was inherently subversive.

    For one thing, it was against the law. Moreover, the music itself suggested that a different sort of life is possible, beyond the strictures of Communist officials. How could a political system that prohibited beautiful music, many asked, possibly merit the allegiance of its citizens?

    The ability of citizens to get around the censors and spread Western thought, whether through books or bone music, helped chip away at the government’s legitimacy.

    One Soviet-era listener Coates interviewed long after the USSR’s collapse described the joy of listening to these illicit recordings:

    “I was lifted up off the ground, I started flying. Rock’n’roll showed me a new world, a world of music, words, and feelings, of life, of a different lifestyle. That’s why, when I got my first records, I became a happy man. I felt like a changed person, it was as if I was born again.”

    The playing of a bootleg record from the Soviet Union, recorded on an X-ray negative.

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

    – ref. When Elvis and Ella were pressed onto X-rays – the subversive legacy of Soviet ‘bone music’ – https://theconversation.com/when-elvis-and-ella-were-pressed-onto-x-rays-the-subversive-legacy-of-soviet-bone-music-251885

    MIL OSI – Global Reports –

  • MIL-OSI Global: Critical minerals don’t belong in landfills – microwave tech offers a cleaner way to reclaim them from e-waste

    Source: The Conversation – USA – By Terence Musho, Associate Professor of Engineering, West Virginia University

    Broken electronics still contain valuable critical minerals. Beeldbewerking/iStock/Getty Images Plus

    When the computer or phone you’re using right now blinks its last blink and you drop it off for recycling, do you know what happens?

    At the recycling center, powerful magnets will pull out steel. Spinning drums will toss aluminum into bins. Copper wires will get neatly bundled up for resale. But as the conveyor belt keeps rolling, tiny specks of valuable, lesser-known materials such as gallium, indium and tantalum will be left behind.

    Those tiny specks are critical materials. They’re essential for building new technology, and they’re in short supply in the U.S. They could be reused, but there’s a problem: Current recycling methods make recovering critical minerals from e-waste too costly or hazardous, so many recyclers simply skip them.

    Sadly, most of these hard-to-recycle materials end up buried in landfills or get mixed into products like cement. But it doesn’t have to be this way. New technology is starting to make a difference.

    A treasure trove of critical materials is often overlooked in e-waste, including gallium in LEDs, indium in LCDs, and tantalum in surface mount capacitors.
    Ansan Pokharel/West Virginia University, CC BY

    As demand for these critical materials keeps growing, discarded electronics can become valuable resources. My colleagues and I at West Virginia University are developing a new technology to change how we recycle. Instead of using toxic chemicals, our approach uses electricity, making it safer, cleaner and more affordable to recover critical materials from electronics.

    How much e-waste are we talking about?

    Americans generated about 2.7 million tons of electronic waste in 2018, according to the latest federal data. Including uncounted electronics, a survey by the United Nations suggests that the U.S. recycles only about 15% of its total e-waste.

    Even worse, nearly half the electronics that people in Northern America sent to recycling centers end up shipped overseas. They often land in scrapyards, where workers may use dangerous methods like burning or leaching using harsh chemicals to pull out valuable metals. These practices can harm both the environment and workers’ health. That’s why the Environmental Protection Agency restricts these methods in the U.S.

    The tiny specks matter

    Critical minerals are in most of the technology around you. Every phone screen has a super-thin layer of a material called indium tin oxide. LEDs glow because of a metal called gallium. Tantalum stores energy in tiny electronic parts called capacitors.

    All of these materials are flagged as “high risk” on the U.S. Department of Energy’s critical materials list. That means the U.S. relies heavily on these materials for important technologies, but their supply could be easily disrupted by conflicts, trade disputes or shortages.

    Right now, just a few countries, including China, control most of the mining, processing and recovery of these materials, making the U.S. vulnerable if those countries decide to limit exports or raise prices.

    These materials aren’t cheap, either. For example, the U.S. Geological Survey reports that gallium was priced between US$220 to $500 per kilogram in 2024. That’s 50 times more expensive than common metals like copper, at $9.48 per kilogram in 2024.

    Revolutionizing recycling with microwaves

    At West Virginia University’s Department of Mechanical, Materials and Aerospace Engineering, I and materials scientist Edward Sabolsky asked a simple question: Could we find a way to heat only specific parts of electronic waste to recover these valuable materials?

    If we could focus the heat on just the tiny specks of critical minerals, we might be able to recycle them easily and efficiently.

    The solution we found: microwaves.

    This equipment isn’t very different from the microwave ovens you use to heat food at home, just bigger and more powerful. The basic science is the same – electromagnetic waves cause electrons to oscillate, creating heat.

    In our approach, though, we’re not heating water molecules like you do when cooking. Instead, we heat carbon, the black residue that collects around a candle flame or car tailpipe. Carbon heats up much faster in a microwave than water does. But don’t try this at home; your kitchen microwave wasn’t designed for such high temperatures.

    West Virginia University researchers are using this experimental microwave reactor to recycle critical materials from end-of-life electronics.
    Ansan Pokharel/West Virginia University, CC BY

    In our recycling method, we first shred the electronic waste, mix it with materials called fluxes that trap impurities, and then heat the mixture with microwaves. The microwaves rapidly heat the carbon that comes from the plastics and adhesives in the e-waste. This causes the carbon to react with the tiny specks of critical materials. The result: a tiny piece of pure, sponge-like metal about the size of a grain of rice.

    This metal can then be easily separated from leftover waste using filters.

    So far, in our laboratory tests, we have successfully recovered about 80% of the gallium, indium and tantalum from e-waste, at purities between 95% and 97%. We have also demonstrated how it can be integrated with existing recycling processes.

    Why the Department of Defense is interested

    Our recycling technology got its start with help from a program funded by the Defense Department’s Advanced Research Projects Agency, or DARPA.

    Many important technologies, from radar systems to nuclear reactors, depend on these special materials. While the Department of Defense uses less of them than the commercial market, they are a national security concern.

    We’re planning to launch larger pilot projects next to test the method on smartphone circuit boards, LED lighting parts and server cards from data centers. These tests will help us fine-tune the design for a bigger system that can recycle tons of e-waste per hour instead of just a few pounds. That could mean producing up to 50 pounds of these critical minerals per hour from every ton of e-waste processed.

    If the technology works as expected, we believe this approach could help meet the nation’s demand for critical materials.

    How to make e-waste recycling common

    One way e-waste recycling could become more common is if Congress held electronics companies responsible for recycling their products and recovering the critical materials inside. Closing loopholes that allow companies to ship e-waste overseas, instead of processing it safely in the U.S., could also help build a reserve of recovered critical minerals.

    But the biggest change may come from simple economics. Once technology becomes available to recover these tiny but valuable specks of critical materials quickly and affordably, the U.S. can transform domestic recycling and take a big step toward solving its shortage of critical materials.

    Terence Musho has received funding from Defense Advanced Research Projects Agency, the National Science Foundation and the Department of Energy.

    – ref. Critical minerals don’t belong in landfills – microwave tech offers a cleaner way to reclaim them from e-waste – https://theconversation.com/critical-minerals-dont-belong-in-landfills-microwave-tech-offers-a-cleaner-way-to-reclaim-them-from-e-waste-254908

    MIL OSI – Global Reports –

  • MIL-OSI Global: Public health and private equity: What the Walgreens buyout could mean for the future of pharmacy care

    Source: The Conversation – USA – By Patrick Aguilar, Professor of Practice of Organizational Behavior, Washington University in St. Louis

    Pharmacies are more than just stores – they’re vital links between people and their health care.

    One of us, Patrick, witnessed this firsthand in 2003 while working as a pharmacy technician at Walgreens in a midsize West Texas town. Each day involved handling hundreds of prescriptions as they moved through the system – meticulously counting pills, deciphering doctors’ handwriting and sorting out confusing insurance issues. The experience revealed that how pharmacies are owned and managed is as much a public health issue as it is a financial one.

    Fast-forward to today, and Walgreens – one of the world’s largest pharmacy chains, which filled nearly 800 million U.S. prescriptions in 2024 – is at a turning point. In March, the company announced it would be acquired by private equity firm Sycamore Partners for US$10 billion, just 10% of its peak market value. That deal takes the storied pharmacy chain off the public market for the first time in nearly 100 years.

    We’re professors who study the intersection of medicine and business, and we think this deal offers a window into the future of pharmacy care. It matters not just to pharmacists but also to the tens of millions of Americans who rely on outlets like Walgreens to meet their everyday health needs.

    The rise and struggles of Walgreens

    A lot has changed in the pharmacy industry since 1901, when Charles R. Walgreen Sr. purchased the Chicago drugstore where he served as a pharmacist. The company went public in 1927, expanded rapidly throughout the 20th century and grew to 8,000 stores by 2013. By 2014, a merger with the European pharmacy chain Alliance Boots made Walgreens one of the largest pharmacy chains in the world.

    More recently, however, the picture for the pharmacy industry hasn’t been so rosy. Labor costs have risen. Front-end retail sales – things like snacks, greeting cards and cosmetics – have fallen. And financial pressures from pharmacy benefit managers – those third-party groups that manage the cost of prescription drug benefits on the behalf of insurers – have grown.

    All of these things have significantly constrained revenues across the industry, leading stores to shutter. Some estimates suggest that as many as one-third of U.S. retail pharmacies have closed since 2010.

    Against that backdrop, Sycamore Partners’ March acquisition of Walgreens raises big questions. What does Sycamore see in this investment, and what might their strategies imply about the future of American pharmacy care?

    Framing the private equity bet

    Private equity firms typically buy companies, streamline their operations and seek to sell them for a profit within five to seven years of the acquisition.

    This growing movement of private equity into the global economy is by no means limited to health care. In 2020, private equity firms employed 11.7 million U.S. workers, or about 7% of the country’s total workforce. The total assets under management by such investors have grown by over 11% annually over the past two decades, a trend that’s expected to continue.

    In looking at Walgreens, Sycamore, like many of these businesses, likely sees an opportunity to buy low, cut costs and improve profitability. One survey of private equity investors found that the most common self-reported sources of value creation in these deals for companies of Sycamore’s size were changing the product and marketing it more robustly to drive demand, changing incentives for those within the business, and facilitating a high-value exit.

    While private owners may have more patience than public markets, critics argue that private equity firms tend to have a short-term focus, looking for quick, predictable services of margin improvement – like, for example, cutting jobs.

    There’s some evidence in favor of that claim. One study found that employment often drops in the years following a private equity buyout. And if the focus shifts to repaying debt or prepping for resale, long-term projects, such as investing in future innovation, can get deprioritized.

    The history of privatized public companies offers a mix of successes and failures. Dell Technologies and hotel chain Hilton are two prominent examples of companies that went private, restructured successfully and came back stronger. In those cases, going private helped management focus without the constant pressure of quarterly earnings reports.

    On the other hand, companies such as Toys R Us, which was taken private in 2005 and filed for bankruptcy in 2018, show how high debt and missed innovation can lead to collapse.

    What’s next for Walgreens

    So, where does this leave Walgreens − and the investors involved in the deal?

    If part of the returns will be driven by “buying low” – the easiest indicator of potential future success to measure as of today – Sycamore started well: Its purchase price represents a mere 8% premium over the market trading value on the day of the announcement, significantly less than the 46% seen across industries in 2023. That said, Sycamore financed 83.4% of the purchase with debt, a number on the high end for these kinds of transactions. Health care groups have pointed to this number while raising concerns that innovation-focused investments may take a back seat to debt obligations.

    As the dust settles on the purchase, Sycamore has indicated an interest in splitting Walgreens into three business units: one focused on U.S. pharmacies, one on U.K. pharmacies and one on U.S. primary health care through its VillageMD subsidiary.

    That’s not unusual: Sycamore has used a similar approach before with its investment in the office supply retailer Staples, a strategy that has garnered strong financial returns but been called into question for its long-term sustainability.

    Given the significant financial challenges VillageMD has faced since its acquisition by Walgreens, this represents an opportunity to separately evaluate and optimize its performance. Meanwhile, Sycamore’s historic focus on retail and customer-focused businesses might help it modernize the in-store experience or optimize staffing.

    For more than a century, Walgreens has survived and adapted to sweeping changes in retail. Now, it’s entering a new chapter – one that could reshape not just its own future but the role of pharmacies in American life.

    Will Sycamore help Walgreens thrive, using its resources to strengthen services and deliver more value to customers? Or will pressure to generate quick returns create problems? Either way, the answer matters – not just for investors but for anyone who’s ever relied on their neighborhood pharmacy to stay healthy.

    The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Public health and private equity: What the Walgreens buyout could mean for the future of pharmacy care – https://theconversation.com/public-health-and-private-equity-what-the-walgreens-buyout-could-mean-for-the-future-of-pharmacy-care-253598

    MIL OSI – Global Reports –

  • MIL-OSI Global: Guns bought in the US and trafficked to Mexican drug cartels fuel violence in Mexico and the migration crisis

    Source: The Conversation – USA – By Sean Campbell, Investigative Journalist, The Conversation

    The Mexican security forces tracking Nemesio Oseguera Cervantes – the leader of a deadly drug cartel that has been a top driver of violence in Mexico and narcotic addiction in America – thought they finally had him cornered on May 1, 2015.

    Four helicopters carrying an arrest team whirled over the mountains near Mexico’s southwestern coast toward Cervantes’ compound in the town of Villa Purificación, the heart of the infamous Jalisco Nueva Generación cartel.

    As the lead helicopter pulled within range, bullets from a truck-mounted, military-grade machine gun on the ground struck the engine. Before it reached the ground, the massive helicopter was hit by a pair of rocket-powered grenades.

    This .50-caliber cartridge was found stuck in the truck-mounted Browning M2HB machine gun that the Jalisco Nueva Generación cartel used to damage a Mexican Security Forces Super Cougar helicopter.
    ATF

    Four soldiers from Mexico’s Secretariat of National Defense were killed in the crash. Three more soldiers were killed in the firefight that followed, and another 12 were injured.

    The engagement was the first known incident of a cartel shooting down a military aircraft in Mexico. The cartel’s retaliation for the attempted arrest was swift and brutal. It set fire to trucks, buses, banks, gasoline stations and businesses. The distractions worked. Cervantes, also known as “El Mencho,” escaped.

    The Browning machine gun that took down the helicopter was traced to a legal firearm purchase in Oregon made by a U.S. citizen. And a Barrett .50-caliber rifle used in the ambush was traced to a sale in a U.S. gun shop in Texas 4½ years before.

    Many military-grade weapons like these are trafficked into Mexico from the U.S. each year, aided by loose standards for firearm dealers and gun laws that favor illicit sales.

    We – a professor of economic development who has been tracking gun trafficking for more than 10 years, and an investigative journalist – spent a year sifting through documents to find the number, origins and characteristics of weapons flowing from the U.S. to Mexico.

    The Bureau of Alcohol, Tobacco, Firearms and Explosives – the agency known as ATF tasked with regulating the industry – publishes the number of U.S. guns seized in Mexico and traced back to U.S. dealers, but it doesn’t provide an official trafficking estimate. The 2003 Tiahrt Amendments bar the ATF from creating a database of firearm sales and prohibit federal agencies from sharing detailed trace data outside of law enforcement.

    To estimate weapons flow, we gathered trafficking estimates, including leaked data, previous research, firearm manufacturing totals and the ATF trace data.

    The model we generated gave us a conservative middle estimate: About 135,000 firearms were trafficked across the border in 2022. In contrast, Ukraine, engaged in a war with Russia, received 40,000 small arms from the United States between January 2020 and April 2024 – an average of 9,000 per year.

    Our analysis also found:

    • This flow of weapons is connected to the drug trade in the U.S. and enables increased gang violence in Mexico, causing more people to flee across the border.

    • An increase in guns trafficked to Mexico from the U.S. relates to an increase in Mexico’s homicide rate.

    • More of the most destructive weapons come from independent gun dealers versus large chain stores – 16 times as many assault-style weapons and 60 times as many sniper rifles.

    • The trafficking flow drives an arms race between criminals and Mexican law enforcement; the U.S. gun industry profits on sales to both.

    • ATF oversight of dealers reduces the likelihood their guns are resold on the illicit market.

    Following the flow

    Since 2008, the U.S. has spent more than US$3 billion to help stabilize Mexico through the rule of law and stem its surges of extreme violence, much of it committed with U.S. firearms. Many programs are funded through the U.S. State Department, which is facing budget cuts, and the U.S. Agency for International Development, which has sustained deep cuts.

    Meanwhile, the gun industry and its supporters have undercut these efforts by fighting measures to regulate gun sales.

    From 2015-2023, 185,000 guns linked to crimes in Mexico were sent to the ATF to be traced – the process of using a firearm’s serial number and other characteristics to identify the trail of gun ownership. About 125,000 of those weapons have been traced back to the U.S.

    Our analyses show that U.S.-Mexico firearms trafficking has dire implications for ordinary Mexicans – and that U.S. regulatory actions can have an enormous impact. This adds to a growing body of research tying U.S.-sold guns to Mexico-based gangs and cartels, illegal drug trafficking, homicide rates, corruption of Mexican officials, illicit financial transactions and migration trends.

    Oregon guns tied to cartel

    The Jalisco Nueva Generación cartel is poised to be the biggest player in the drug cartel game. El Mencho, still at large, is one of the most powerful people directing the flow of heroin, fentanyl and methamphetamines into the United States, while orchestrating campaigns of fear, intimidation and displacement in Mexico.

    The Browning .50-caliber rifle that aided El Mencho’s evasion in 2015 was manufactured by a company based in Morgan, Utah, and legally sold to Erik Flores Elortegui, a U.S. citizen.

    Elortegui fled the country after he was indicted in Oregon for smuggling guns into Mexico and is now at the top of the ATF’s most wanted list. He wasn’t alone in his gunrunning schemes. According to a grand jury indictment, Elortegui purchased 20 firearms through an accomplice, Robert Allen Cummins, in 2013 and 2014. Cummins was straw purchasing – buying weapons under his name for Elortegui.

    Two of the .50-caliber weapons that Cummins purchased for Elortegui – the long rifles on the right – were among those later recovered from a tractor trailer in Sonora, Mexico. USA v. Robert Allen Cummins.
    USA v. Robert Allen Cummins

    Before she gave Cummins a 40-month prison sentence in 2017, Judge Ann Aiken admonished him for the pain and suffering his weapons were likely going to cause. She told him to read “Dreamland,” which chronicles America’s opioid crisis and its connection to Mexican drug cartels.

    Guns and violence

    In 2021 the ATF teamed up with academics to produce the National Firearms Commerce and Trafficking Assessment. It showed that the share of firearms trafficked to Mexico, already the top market for illegal U.S.-to-foreign gun transfer, increased by 20% from 2017 to 2021.

    Gun sales are strictly regulated within Mexico. But homicides have risen to disturbing heights – three times that of the U.S. – since the lapse of the U.S. assault weapons ban in 2004. Research suggests the two are linked.

    After their mother was killed by organized crime five years ago, Emylce Ines Espinoza-Alarcon’s sister’s family migrated to the States, she said.

    Espinoza-Alarcon, her children and other relatives were more recently driven from their homes by violence. “As a parent, you try to flee to a different place where they might be safe,” Espinoza-Alarcon said. She said she believes American weapons are to blame, but there “is nowhere else for us to go.”

    Emylce Ines Espinoza-Alarcon holds her toddler as she listens while her aunt, Alicia Zomora-Guevara, front, describes the cartel attack on her town that forced their families into exile. Zomora-Guevara’s son, Kevin Jait Alarcon-Zamora, stands to the right, and Espinoza-Alarcon’s son and teenage daughter sit on the Mexico City hotel room bed in front of her.
    Sean Campbell, CC BY-ND

    A 2023 survey found that 88% of the 180,000 Mexican migrants to the U.S. that year were fleeing violence – a flip from 2017 when most were coming for economic opportunity.

    The ATF’s enforcement

    ATF inspections keep illicit guns in check, our analysis shows.

    The agency’s primary enforcement tools are inspections, violations reports, warning letters and meetings, and, when inspectors find violations that are reckless or willfully endanger the public, revocation notices.

    But the bureau’s 2025 congressional budget request points out that it would need 1,509 field investigators to reach its goal of inspecting each dealer at least once every three years.

    The ATF is “focusing on identifying and addressing willful violations,” a spokesperson wrote in a November 2024 email, referring to the zero-tolerance revocation policy the Biden administration put in place in 2021 that dramatically increased the number of revocations.

    Meanwhile, the ATF announced in April 2025 that it was repealing the revocation policy and reviewing recent rules, including one that clarifies when a gun is a rifle. The webpage listing revocations, including detailed reports, was also removed from the ATF site.

    This is a condensed version. To learn more about the connections between U.S. gun sales, U.S. regulations, Mexican drug cartels and migration, read the full investigation

    The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Guns bought in the US and trafficked to Mexican drug cartels fuel violence in Mexico and the migration crisis – https://theconversation.com/guns-bought-in-the-us-and-trafficked-to-mexican-drug-cartels-fuel-violence-in-mexico-and-the-migration-crisis-256070

    MIL OSI – Global Reports –

  • MIL-OSI Global: High electricity prices zapping your budget? Here are 5 ways to save

    Source: The Conversation – USA – By Hannah Wiseman, Professor of Law, Penn State

    Pennsylvania residents may get sticker shock when they see their electric bills this summer. Aging infrastructure, extreme weather, transmission bottlenecks and increased demand are sending electricity rates soaring.

    Widespread rate hikes across the commonwealth started in December 2024 and are continuing in 2025. Rising prices are related to how the wholesale electricity market in Pennsylvania operates, among other factors. Utilities are paying much more than in previous years to ensure they can meet their customers’ future demand, and these costs are being passed on to consumers.

    For example, Philadelphia residents were among those hit with a 10% rate increase that went into effect in January 2025 for all residential customers of PECO, Pennsylvania’s largest electric and gas utility. Some of PECO’s residential customers will see an additional 12.5% rate increase kick in on June 1, 2025.

    A notice from PECO sent May 21, 2025.

    As Penn State University professors who research energy law and electricity markets, we want to suggest five ways Pennsylvania consumers can lower their electric bills amid price hikes.

    1. Use less

    Much like when gasoline prices rise, the best response for individual consumers when electric rates go up is often to use less electricity.

    The largest efficiency improvements typically involve weatherizing a home – for example, adding insulation or sealing drafty windows and doors. Installing energy-efficient appliances such as heat pumps or changing your thermostat setting a few degrees can also save money.

    Weatherization has an added benefit: improved health. In addition to maintaining a more comfortable indoor temperature, weatherizing paired with ventilation improvements can improve indoor air quality and control indoor moisture and mold.

    Making a home more energy efficient can be tricky for low-income people, who might not be able to afford the costs, and renters, who don’t own the premises. However, Pennsylvania offers several programs to help residents make energy efficiency improvements, and organizations such as the Philadelphia Energy Authority try to reach low-income households.

    Through the state’s low income usage reduction program, eligible tenants can receive help installing energy-saving features with written permission from their landlord. The multifamily weatherization assistance program has also provided grants for weatherization measures such as insulation and “air sealing to reduce infiltration” in buildings with five or more units that meet income criteria for residents.

    In Pennsylvania, residential electricity rates are expected to climb 10% or more in each of the next three years.
    MStudioImages/E+ Collection via Getty Images

    2. Shop around – but buyer beware

    Pennsylvania has what is called “retail electricity choice,” which means residents can pick who generates their electricity. For example, consumers can shop around for different rates charged per kilowatt-hour of electricity they consume or for electricity produced from wind and solar power.

    But electricity customers cannot choose who carries that electricity to their residences. That is done by a regulated electric distribution company, or utility, with a monopoly on service.

    Consumers can sometimes reduce their bills by choosing a cheaper offer for generation. But retail choice can be risky if consumers do not carefully read the conditions of the contract.

    For example, some plans charge a higher rate than the default rate from the distribution company. Others charge different rates depending on whether the electricity is consumed during peak or off-peak hours. And still others lock customers into long contracts at a fixed price. This becomes undesirable if the default electricity rate drops lower than the contracted rate.

    3. Try solar

    For those who own their home, installing rooftop solar panels is another way to avoid higher electric bills.

    The cost of solar panels has fallen steadily for many years, and rising electric rates make the economics of solar better.

    Central Columbia High School in Bloomsburg, Pa., installed solar panels to offset power consumption.
    Paul Weaver/SOPA Images/LightRocket via Getty Images

    Pennsylvania also has fairly advantageous rules for “net metering, which allows solar homeowners to get credits from the utility for excess solar power fed back into the grid.

    For example, say a customer uses 1,000 kilowatt-hours of electricity in a month and their rooftop solar panels generate 1,200 kilowatt-hours. They won’t have to pay for the 1,000 kilowatt-hours they used, and those additional 200 kilowatt-hours will be credited on their next monthly electric bill.

    Additionally, a number of federal and state tax incentives are available for rooftop solar energy in Pennsylvania. These incentives offset some of the up-front costs of installing solar panels.

    Buying solar panels is a high up-front expense, however, even with tax credits. Programs such as Solarize Greater Philadelphia can help reduce the cost. But keep in mind that not all properties have roofs that are large, strong or sunny enough to benefit from solar.

    For homeowners with suitable roofs, third-party solar is another option. This is when a company installs and continues owning the solar panels and charges the customer a fixed rate for the electricity produced by the solar panels. This rate is typically cheaper than the rate offered by the utility. But as with any contract, consumers need to read the fine print carefully and understand the long-term obligation.

    4. Go to a public hearing

    Local electric utilities are regulated by the Pennsylvania Public Utility Commission. Pennsylvania residents can file formal complaints with the PUC about rate hikes, or they can attend one of PUC’s public input hearings.

    At these hearings, consumers can voice their concerns or argue against certain utility expenditures, such as lobbying expenses that utilities sometimes recoup through charges to customers.

    Consumers might want to pay particular attention to the commission’s proceedings as it considers new electric rates and regulation for data centers and other large-load customers. These rates will determine which costs are shouldered by the data center operators and which costs wind up on the electric bills of all Pennsylvanians.

    Consumers can file comments to advocate for a rate-sharing plan they believe will be fair.

    5. Think holistically

    As Americans continue to digitize their lives, electricity demand – and therefore prices – will likely continue to rise.

    Existing electric power grids are strained by increasing demand.
    Joe Raedle via Getty Images

    Given that growing electricity demand contributes to higher future rates, consumers may want to think about the energy-intensive online applications they use, such as data storage and all the AI features that tech companies are integrating into their products.

    Consumers might also want to consider the types of energy they want produced in their neighborhood. Many people understandably oppose constructing new energy facilities in their communities due to the aesthetic impacts, use of land and in some cases pollution. But this opposition can also slow the construction of new energy generation.

    Better processes for community involvement can enable the construction of generation with fewer negative impacts. These processes include, among other things, more detailed developer-community discussions and more comprehensive and thoughtful community benefits agreements. These agreements allow communities to negotiate services and resources that the energy developer will provide them. Such offerings might include vocational training programs, financial or other donations, or commitments to hire local labor.

    Read more of our stories about Philadelphia and Pennsylvania.

    Hannah Wiseman receives or has recently received funding from the Alfred P. Sloan Foundation, Arnold Ventures, U.S. National Science Foundation, U.S. Department of Energy, Center for Rural Pennsylvania, and the Pennsylvania Department of Environmental Protection. She is a member of the Center for Progressive Reform.

    Seth Blumsack receives or has recently received funding from the Alfred P. Sloan Foundation, Heising Simons Foundation, U.S. National Science Foundation, U.S. Department of Energy, NASA, U.S. Federal Aviation Administration, Center for Rural Pennsylvania and the Pennsylvania Department of Environmental Protection.

    – ref. High electricity prices zapping your budget? Here are 5 ways to save – https://theconversation.com/high-electricity-prices-zapping-your-budget-here-are-5-ways-to-save-256049

    MIL OSI – Global Reports –

  • MIL-OSI Global: Trump wants to cut funding to sanctuary cities and towns – but they don’t actually violate federal law

    Source: The Conversation – USA – By Benjamin Gonzalez O’Brien, Associate Professor of Political Science, San Diego State University

    While sanctuary policies for immigrants have grown in the U.S. since the 1980s, the Trump administration is the first to challenge them. Marcos Silva/iStock/Getty Images Plus

    San Francisco, Chicago and New York are among the major cities – as well as more than 200 small towns and counties and a dozen states – that over the past 40 years have adopted what is often known as sanctuary policies.

    There is not a single definition of a sanctuary policy. But it often involves local authorities not asking about a resident’s immigration status, or not sharing that personal information with federal immigration authorities.

    So when a San Francisco police officer pulls someone over for a traffic violation, the officer will not ask if the person is living in the country legally.

    American presidents, from Ronald Reagan to Joe Biden, have chosen to leave sanctuary policies largely unchallenged since different places first adopted them in the 1970s. This changed in 2017, when President Donald Trump first tried to cut federal funding to sanctuary places, claiming that their policies “willfully violate Federal law.” Legal challenges during his first term stopped him from actually withholding the money.

    At the start of his second term, Trump signed two executive orders in January and April 2025 which again state that his administration will withhold federal money from areas with sanctuary policies.

    “Working on papers to withhold all Federal Funding for any City or State that allows these Death Traps to exist!!!” Trump said, according to an April White House statement. This statement was immediately followed by his April executive order.

    These two executive orders task the attorney general and secretary of homeland security with publishing a list of all sanctuary places and notifying local and state officials of “non-compliance, providing an opportunity to correct it.” Those that do not comply with federal law, according to the orders, may lose federal funding.

    San Francisco and 14 other sanctuary cities, including New Haven, Connecticut, and Portland, Oregon, sued the Trump administration in February on the grounds that it was illegally trying to coerce cities to comply with its policies. A U.S. district court judge in California issued an injunction on April 24 preventing the administration – at least for the time being – from cutting funding from places with sanctuary policies.

    However, as researchers who have studied sanctuary policies for over a decade, we know that Trump’s claim that sanctuary policies violate federal immigration law is not correct.

    It’s true that the federal government has exclusive jurisdiction over immigration. Yet there is no federal requirement that state or local governments participate or cooperate in federal immigration enforcement, which would require an act of Congress.

    A sign is seen at the Nogales, Ariz., and Mariposa, Mexico, border crossing.
    Jan Sonnenmair/Getty Images

    What’s behind sanctuary policies

    In 1979, the Los Angeles Police Department was the first to announce a prohibition on local officials asking about a resident’s immigration status.

    However, it was not until the 1980s that the sanctuary movement took off, when hundreds of thousands of Salvadorans, Guatemalans and Nicaraguans fled civil war and violence in their home countries and migrated to the U.S. This prompted a number of cities to declare solidarity with the faith-based sanctuary movement that offered refuge to Salvadoran, Guatemalan and Nicaraguan asylum seekers facing deportation.

    In 1985, Berkeley, Calif., and San Francisco pledged that city officials, including police officers, would not report Central Americans to immigration authorities as long as they were law abiding.

    Berkeley also banned officials from using local money to work with federal immigration authorities.

    “We are not asking anyone to do anything illegal,” Nancy Walker, a supervisor for San Francisco, said in 1985, according to The New York Times. “We have got to extend our hand to these people. If these people go home, they die. They are asking us to let them stay.”

    Today, there are hundreds of sanctuary cities, towns, counties and states across the country that all have a variation of policies that limit their cooperation with federal immigration authorities.

    Sometimes – but not always – places with sanctuary policies bar local law enforcement agencies from working with Immigration and Customs Enforcement, the country’s main immigration enforcement agency.

    A large part of ICE’s work is identifying, arresting and deporting immigrants living in the U.S. illegally. In order to carry out this work, ICE issues what is known as “detainer requests” to local law enforcement authorities. A detainer request asks local law enforcement to hold a specific arrested person already being held by police until that person can be transferred to ICE, which can then take steps to deport them.

    While places without sanctuary policies tend to comply with these requests, some sanctuary jurisdictions, like the state of California, only do so in the cases of particular violent criminal offenses.

    Yet local officials in sanctuary places cannot legally block ICE from arresting local residents who are living in the country illegally, or from carrying out any other parts of its work.

    Can Trump withhold federal funding?

    Trump claimed in 2017 that sanctuary policies violated federal law, and he issued an executive order that tried to rescind federal grants that these jurisdictions received.

    However, the 9th Circuit Court of Appeals ruled in a 2018 case involving San Francisco and Santa Clara County, California, that the president could not refuse to “disperse the federal grants in question without congressional authorization.”

    Federal courts, meanwhile, split over whether Trump could freeze funding attached to a specific federal program called the Edward Byrne Memorial Assistance Grant Program, which provides about US$250 million in annual funding to state and local law enforcement.

    These cases were in the process of being appealed to the Supreme Court when the Department of Justice, under Biden, asked that they be dismissed.

    Other Supreme Court rulings also suggest that the Trump administration’s claim that it can withhold federal funding from sanctuary places rests on shaky legal ground.

    The Supreme Court ruled in 1992 and again in 1997 that the federal government could not coerce state or local governments to use their resources to enforce a federal regulatory program, or compel them to enact or administer a federal regulatory program.

    Under pressure

    The first Trump administration was not generally successful, with the exception of the split over the Edward Byrne Memorial Assistance Grant Program, at stripping funding from sanctuary places. But cutting federal funding – even if it happens temporarily – can be economically damaging to cities and counties while they challenge the decision in court.

    Local officials also face other kinds of political pressure to comply with the Trump administration’s demands.

    A legal group founded by Stephen Miller, deputy chief of staff in the Trump administration, for example, sent letters to dozens of local officials in January threatening criminal prosecution for their sanctuary policies.

    Michelle Wu, the mayor of Boston, a sanctuary city, testifies during a House committee hearing on sanctuary city mayors on March 5, 2025, in Washington.
    Nathan Posner/Anadolu via Getty Images

    The real effects of sanctuary policies

    One part of Trump’s argument against sanctuary policies is that places with these policies have more crime than those that do not.

    But there is no established relationship between sanctuary status and crime rates.

    There is, however, evidence that when local law enforcement and ICE work together, it reduces the likelihood of immigrant and Latino communities to report crimes, likely for fear of being arrested by federal immigration authorities.

    Sanctuary policies are certainly worthy of debate, but this requires an accurate representation of what they are, what they do, and the effects they have.

    The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Trump wants to cut funding to sanctuary cities and towns – but they don’t actually violate federal law – https://theconversation.com/trump-wants-to-cut-funding-to-sanctuary-cities-and-towns-but-they-dont-actually-violate-federal-law-255831

    MIL OSI – Global Reports –