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Category: Business

  • MIL-OSI USA: Grassley, Baldwin Introduce Bill Protecting Older Workers from Workplace Discrimination

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley
    WASHINGTON – Sens. Chuck Grassley (R-Iowa) and Tammy Baldwin (D-Wis.) introduced the Protecting Older Workers from Age Discrimination (POWADA) Act to level the playing field for older workers and protect Americans from age discrimination in the workplace.  
    “Americans of all ages can offer valuable contributions to our society and economy, including older Americans. They deserve to be protected from workplace discrimination like other Americans. The Supreme Court’s decision involving Iowan Jack Gross impacted employment discrimination litigation across the nation, sending a wrong message to employers that age discrimination is okay. It’s long past time for us to clarify the intent of Congress so Americans don’t face job discrimination due to age,” Grassley said. 
    “Every Wisconsin worker deserves to feel respected and protected in the workplace. We need to ensure this is true for older workers, so they have equal footing and are treated with the dignity they deserve,” Baldwin said.  
    Background:
    In 2004, Jack Gross of Des Moines sued FBL Financial Group, where he had been working as a vice president, citing age discrimination. Despite superior annual reviews for 13 consecutive years, Gross was demoted when the company announced staffing changes. According to Gross, his replacement lacked breadth of experience and skills for the job. While Gross found success in lower courts, the Supreme Court in 2009 ruled in Gross v. FBL Financial Services that workers who face age discrimination must meet a higher burden of proof than workers who face discrimination based on other characteristics like race, sex, national origin or religion. 
    For decades, a worker only needed to prove discrimination was a factor in an adverse employment decision to make an age discrimination claim. In this case, the court decided a worker needs to prove age was the deciding factor in that decision. This significantly weakened the protections of the Age Discrimination in Employment Act (ADEA) and telegraphed to employers: some age discrimination is perfectly fine. 
    A survey conducted by AARP in 2018 found more than three in five workers ages 45 and above reported seeing or experiencing age discrimination in the workplace. The survey also found three quarters of these workers cited age discrimination as a reason for their lack of confidence in being able to find a new job.  
    POWADA would amend the Age Discrimination in Employment Act, the Americans with Disabilities Act, the Rehabilitation Act of 1973 and the retaliation provision in Title VII of the Civil Rights Act of 1964 to level the playing field for older workers. The bill would restore the pre-Gross standard, once again recognizing the legitimacy of so-called “mixed-motive” claims in which discrimination is a — if not the — deciding factor. It would also reaffirm workers may use any type of admissible evidence to prove their claims. 
    A summary of the bill can be found HERE. 
    Full text of this legislation can be found HERE.
    -30-

    MIL OSI USA News –

  • MIL-OSI United Nations: Polaris Market Research

    Source: UNISDR Disaster Risk Reduction

    Mission

    Polaris Market Research is a global market research and consulting company. Polaris provides unmatched quality of offerings to clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

    Polaris is obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. Polaris strives to provide customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

    MIL OSI United Nations News –

  • MIL-OSI United Nations: 20 May 2025 News release Global leaders reaffirm commitment to WHO with at least US$ 170 million raised at World Health Assembly 2025 pledging event

    Source: World Health Organisation

    World leaders pledged at least an additional US$ 170 million to the World Health Organization (WHO) at a high-level pledging event Tuesday at the Seventy-eighth World Health Assembly in Geneva. Amid rising global health challenges, leaders reaffirmed their support for multilateral cooperation through these contributions to WHO’s Investment Round (IR). Earlier in the day, Member States approved an increase in Assessed Contributions, adding a separate US$ 90 million a year of income, and marking another important step on WHO’s journey towards sustainable financing.

    The IR is raising funds for WHO’s strategy for global health, the  Fourteenth General Programme of Work, which can save an additional 40 million lives over the next four years. The pledges made today represent significant contributions from both governments and philanthropic partners.

    “I am grateful to every Member State and partner that has pledged towards the investment round. In a challenging climate for global health, these funds will help us to preserve and extend our life-saving work,” said Dr Tedros Adhanom Ghebreyesus, WHO Director-General. “They show that multilateralism is alive and well.”

    Both long-standing allies and new contributors stepped up at today’s pledging event, broadening WHO’s donor base with fresh voluntary funding. Moderated by Mr Moazzam Malik, CEO of Save the Children UK, the event and the World Health Assembly featured pledges from Angola, Cambodia, China, Gabon, Mongolia, Qatar, Sweden, Switzerland, Tanzania, ELMA Philanthropies (with the WHO Foundation), Fondation Botnar, Laerdal Global Health (with the WHO Foundation), the Nippon Foundation and the Novo Nordisk Foundation. The Children’s Investment Fund Foundation announced an additional US$ 13 million and committed to further increases in funding.

    Among the announcements at least US$ 170 million is for the Investment Round, meaning that the funding supports WHO’s base budget from 2025–2028. Eight of the donors included a flexible contribution to WHO, the most valuable sort of funding, and four were first time donors.

    WHO’s fundraising reach has also been extended through individual giving. Through the One World Movement, almost 8000 people from across the world have signed on as ‘Member Citizens’, contributing almost US$ 600 000 in donations, many monthly – a powerful expression of global solidarity and an affirmation that every voice counts.

    The event’s speakers emphasized not only the need for continued investment, but the strategic value of flexible and diversified financing to keep WHO responsive, country-focused, and aligned with national health priorities – as it evolves into a leaner, more agile institution. The event was a pivotal moment in WHO’s journey to more sustainable funding.

    As the IR continues, today’s event is a testament to the role of partnership in times of uncertainty. Contributions from each donor made at today’s pledging event can be found below. Each contribution to WHO brings us one step closer to better health for all united in the mission of “One World for Health”.

    Contributor Additional amount for WHO Investment Round
    Angola US$ 8 million
    Cambodia US$ 400 000
    China Contribution to Investment Round to be confirmed.
    Gabon US$ 150 000
    Mongolia US$ 100 000
    Qatar US$ 6 million
    Sweden €12 million = US$ 13.5 million
    Switzerland Sw.fr. 33 million = US$ 40 million
    Tanzania US$ 500 000 (in addition to US$ 500 000 already announced)
    CIFF US$ 13 million and commitment to further increase
    ELMA Philanthropies US$ 2 million
    Foundation Botnar Sw.fr. 8 million = US$ 9.6 million
    Laerdal Global Health US$ 12.5 million 
    Nippon Foundation, Mr. Sasakawa, (Chairman) US$ 9.2 million
    Novo Nordisk Foundation DKK 380 million = US$ 57 million

    MIL OSI United Nations News –

  • MIL-OSI Canada: Tribunal Issues Determination of Reasonable Indication of Injury— Polyethylene Terephthalate from China and Pakistan 

    Source: Government of Canada News

    Ottawa, Ontario, May 20, 2025—The Canadian International Trade Tribunal today determined that there is a reasonable indication that the dumping and subsidizing of polyethylene terephthalate originating in or exported from the People’s Republic of China and the Islamic Republic of Pakistan have caused injury to the domestic industry.

    The Tribunal’s inquiry was conducted pursuant to the Special Import Measures Act as a result of the initiation of dumping and subsidizing investigations by the Canada Border Services Agency (CBSA). The CBSA will continue its investigations and, by June 17, 2025, will issue preliminary determinations.

    The Tribunal is an independent quasi-judicial body that reports to Parliament through the Minister of Finance. It hears cases on dumped and subsidized imports, safeguard complaints, complaints about federal government procurement and appeals of customs and excise tax rulings. When requested by the federal government, the Tribunal also provides advice on other economic, trade and tariff matters.

    MIL OSI Canada News –

  • MIL-OSI USA: Rep. Norcross Announces $650,000 EPA Brownfield Grant to Improve Quality of Life in Camden

    Source: United States House of Representatives – Congressman Donald Norcross (1st District of New Jersey)

    WASHINGTON, DC – Today, Representative Donald Norcross (NJ-01) announced that a $650,000 grant from the Brownfield Revolving Loan Fund (RLF) program was awarded to the Camden Redevelopment Agency in New Jersey. The grant was made possible through the Infrastructure Investment and Jobs Act, which Congressman Norcross voted to help pass into law.

    “I voted to pass the Infrastructure Investment and Jobs Act to create jobs, bolster public health outcomes, and improve the quality of life for residents in South Jersey,” Congressman Donald Norcross. “Brownfield grants have been transformational across our region and especially in Camden City. Protecting our communities from harmful waste and repurposing these sites into valuable community assets for our neighborhoods has been a top priority for me. In Congress, I will continue to fight alongside local organizations to ensure the health and safety of South Jersey families.”

    “I am grateful to Congressman Donald Norcross for continuing to fight for Camden and for supporting environmental reclamation in urban communities,” said Camden Mayor Victor G. Carstarphen. “Camden has worked hard for decades to cleanup brownfields and transition these sites into positive uses. This critical funding will not only result in the remediation and reuse of underutilized properties but will also help to improve the quality of life citywide.”

    This funding is provided in addition to the $5,324,999 already awarded. Camden’s Brownfield program has successfully facilitated loans or subgrants for 11 cleanup projects that are either completed or in progress. Notable projects for the use of the new funding include Elijah Perry Park, the Knox Gelatin property, Judge Johnson Park, and the former West Jersey Paper Manufacturing site.

    The Brownfield grant funding will be used to support locally driven redevelopment, create jobs, and improve public health outcomes in communities in New Jersey. These investments will keep critical momentum going in communities already benefiting from Brownfield investments, ensuring continued progress toward safe and reusable land.

    ###

    MIL OSI USA News –

  • MIL-OSI Europe: Written question – Importance of regional airport infrastructure – E-001864/2025

    Source: European Parliament

    Question for written answer  E-001864/2025
    to the Commission
    Rule 144
    Markus Ferber (PPE), David McAllister (PPE), Stefan Köhler (PPE), Christian Doleschal (PPE)

    Europe’s many regional airports enable international exchange and connect citizens, companies and SMEs from all over Europe with the world.

    Despite this key role for economic activity, in recent years the financial situation for regional airports has worsened mainly due to extrinsic shocks, such as the COVID-19 crisis, global turbulence in the aviation sector and Russia’s war against Ukraine. The financial situation of many regional airports is bleak, threatening their core existence and endangering their important role for societies and regional prosperity.

    In this light I would like to ask:

    • 1.Will the Commission, in its evaluation of the aviation State aid guidelines, consider the need for maintaining and modernising Europe’s regional airport network, which is not only about mobility, but also about safeguarding jobs and innovation in its industrial sectors?
    • 2.Could the Commission support a framework where State aid rules take into account the long-term industrial and technological strategies of Germany, particularly in relation to decarbonised aviation?
    • 3.How will the Commission assess the need for German regional airports to remain ready to support the rollout of electric aircraft and other innovations that are critical to the competitiveness of Germany’s industry?

    Submitted: 8.5.2025

    Last updated: 20 May 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Takata and illegal charges in Cyprus – P-001974/2025

    Source: European Parliament

    Priority question for written answer  P-001974/2025
    to the Commission
    Rule 144
    Giorgos Georgiou (The Left)

    According to Regulation (EU) 2018/858 on the approval and market surveillance of motor vehicles, national authorities must implement adequate corrective measures and the cost of repairs must not be passed on to vehicle owners.

    In Cyprus, two representatives of manufacturing companies, whose vehicles constitute the majority of the recalled vehicles, are indirectly passing on the cost of repairs by charging for mandatory diagnostic tests prior to replacement. The competent national authority was informed by the manufacturers themselves that the vehicles in question had defective airbags and, in turn, informed the vehicle owners.

    Despite 57 warnings from the EU and the Commission’s recommendations to Member States, the Government in Cyprus refuses to comply with the relevant regulation and put in place corrective or restrictive measures. Today, around 56 000 vehicles are on the road at risk of having faulty airbags, which can be activated even without the vehicle being involved in an accident. Cyprus already has two confirmed deaths from faulty airbags.

    What measures does the Commission intend to put in place to ensure that the Government in Cyprus takes all corrective measures and ends illegal charging, as required by Regulation (EU) 2018/858?

    Submitted: 16.5.2025

    Last updated: 20 May 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: In-Depth Analysis – Meeting expectations? Assessing the Savings and Investment Union (SIU) communication against the recommendations of Draghi, Letta and Noyer – 20-05-2025

    Source: European Parliament

    The European Commission’s communication on the Savings and Investments Union (SIU) follows the high-profile reports by Draghi, Letta and Noyer, which together have shaped expectations for integrating financial markets to support the wider EU economy. This briefing analyses the SIU communication with the three reports in mind as reference points. The briefing is structured in accordance with the main sections of the SIU communication, with a concluding section at the end.

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – PMSG production and Directive 2010/63/EU – E-001931/2025

    Source: European Parliament

    Question for written answer  E-001931/2025
    to the Commission
    Rule 144
    Lynn Boylan (The Left)

    Pregnant Mare Serum Gonadotropin (PMSG) is used as a fertility enhancer on European farms. Every year, thousands of pregnant mares in Iceland are subjected to weekly five-litre blood extractions, which far exceed international guidelines. This process causes the animals stress, fear and pain, and violence is often used during the extraction. It also puts the mares at risk of infection, vein inflammation, thrombosis and anaemia.

    As a member of the European Economic Area, Iceland is subject to Directive 2010/63/EU on the protection of animals used for scientific purposes. In 2023, the EFTA Surveillance Authority started an infringement procedure against Iceland but, to this day, the Icelandic pharmaceutical company Ísteka has a valid licence to collect mares’ blood in order to produce the fertility hormone PMSG.

    In the light of this, will the Commission:

    • 1.comment on Iceland’s continued violation of Directive 2010/63/EU and provide an update on infringement proceedings?
    • 2.respond to Parliament’s call in its 2021 resolution on the farm to fork strategy to stop the import and domestic production of PMSG in the EU?

    Submitted: 14.5.2025

    Last updated: 20 May 2025

    MIL OSI Europe News –

  • MIL-OSI Security: California Executives Plead Guilty to Employment Tax Crimes

    Source: United States Attorneys General 13

    Two California men pleaded guilty yesterday to not paying over employment taxes to the IRS.

    The following is according to court documents and statements made in court: Lalo Valdez and Matthew Olson, both of Northern California, operated a San Jose-based health informatics and product development company that provided clinical care and technology services to clients in healthcare and academia. Valdez was the CEO and Olson the CFO. As such, both were responsible for the company’s operations, managed its internal books and records, signed checks on behalf of the company, and hired and fired employees. Both men also were responsible for withholding Social Security, Medicare, and federal income taxes from employees’ wages and paying those funds over to the government each quarter. The timely payment of quarterly employment taxes is critical to the functioning of the U.S. government, because, for example, they are the primary source of funding for Social Security and Medicare. The federal income taxes that are withheld from employees’ wages also account for a significant portion of all federal income taxes collected each year.

    For every calendar quarter from the first quarter of 2017 through the second quarter of 2021, Valdez and Olson withheld these taxes from employees’ wages but did not pay them over to the IRS or report them on quarterly tax forms. Instead of paying over the taxes, Valdez and Olson used the company’s money to pay for country club memberships and season tickets to the San Jose Sharks of the National Hockey League.

    During this same period, Olson also was one of the owners and operators of a day spa located in Saratoga, California. There, Olson was responsible for collecting and paying Social Security, Medicare, and income taxes to the IRS. From the second quarter of 2017 through the fourth quarter of 2020, however, Olson collected but did not pay them over to the IRS or report them on quarterly tax forms.

    In total, Olson caused a tax loss to the IRS exceeding $2.1 million.

    Valdez caused a total tax loss to the IRS of nearly $1.5 million.

    Valdez and Olson are scheduled to be sentenced on Oct. 20. Both men face a maximum penalty of five years in prison as well as a period of supervised release, restitution, and monetary penalties. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Acting Deputy Assistant Attorney General Karen E. Kelly of the Justice Department’s Tax Division and Acting U.S. Attorney Patrick D. Robbins for the Northern District of California made the announcement.

    IRS Criminal Investigation is investigating the case.

    Trial Attorney Mahana Weidler of the Tax Division and Assistant U.S. Attorney Kristina Green for the Northern District of California are prosecuting the case.

    MIL Security OSI –

  • MIL-OSI Security: Washington D.C. Accountant Sentenced for Mortgage Fraud and Tax Crimes

    Source: United States Attorneys General 13

    Defendant Did Not File Tax Returns and Falsified Documents to Obtain Mortgage Loan

    A Washington, D.C., Certified Public Accountant (CPA) was sentenced yesterday to 20 months in prison for making a false statement on a mortgage loan application and not filing an income tax return.

    According to court documents and statements made in court, Timothy Trifilo worked in tax compliance for several large accounting and finance firms. In recent years, he was managing director at a tax firm where he specialized in transaction structuring and advisory service, tax compliance, and tax due diligence. Nevertheless, for a decade, Trifilo did not file federal income tax returns or pay all the taxes that he owed despite earning more than $7.7 million during that time. He caused a tax loss to the IRS of more than $2 million.

    In February 2023, Trifilo sought to obtain a $1.36 million bank-financed loan to purchase a home in D.C. and was working with a mortgage company to do so. After the mortgage company told Trifilo that the bank would not approve the loan without copies of Trifilo’s filed tax returns, Trifilo provided the mortgage company with fabricated documents to make it appear as if he had filed tax returns and provided copies of tax returns for 2020 and 2021 that he never filed with the IRS. On these returns and other documents that he submitted to the mortgage company, Trifilo listed a former colleague as the individual who prepared the returns and uploaded them for filing with the IRS. This individual did not prepare the returns, has never prepared tax returns for Trifilo, and did not authorize Trifilo to use his name on the returns and other documents that Trifilo submitted to the mortgage company. Based on Trifilo’s false representation, the bank approved the loan and Trifilo purchased the home.

    In addition to his prison sentence, U.S. District Court Judge Tanya S. Chutkan for the District of Columbia ordered Trifilo to serve two years of supervised release and pay $2,057,256.40 in restitution to the IRS.

    Acting Deputy Assistant Attorney General Karen E. Kelly of the Justice Department’s Tax Division made the announcement.

    IRS Criminal Investigation investigated the case.

    Trial Attorneys Melissa S. Siskind and Alexis Fleszar of the Tax Division prosecuted the case.

    MIL Security OSI –

  • MIL-OSI: XRP News: $XDX Presale Heats Up as XenDex Readies First Audit and Platform Design Reveal

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, May 20, 2025 (GLOBE NEWSWIRE) — With XRP rapidly regaining its dominance across the global crypto market, XenDex is solidifying its position as the most promising decentralized exchange being built on the XRP Ledger. And with the $XDX presale entering its final stretch, urgency is building fast.

    The soft cap is already filled, and with the hard cap now almost fully reached, only a limited number of $XDX tokens remain before the presale closes. As investor excitement surges, XenDex has officially announced two major milestones this week:

    Buy $XDX Before Exchange Listing

    1. A full mockup design of the XenDex platform will be unveiled showcasing its clean, intuitive user interface and how all major features will operate.
    2. XenDex will undergo its first third-party security audit, reinforcing its commitment to safety, smart contract integrity, and long-term trust.

    What Is XenDex?

    XenDex is building the first all-in-one decentralized finance platform for XRPL, combining the most in-demand tools into a single seamless platform:

    • AI-Powered Copy Trading
    • Non-Custodial Lending & Borrowing
    • Cross-Chain Trading (with BNB, Ethereum, and Solana)

    Purchase $XDX At A low Price

    Only $XDX presale buyers will receive early access to Version 1 of the platform.

    Why Is XRP Surging?

    XRP’s bullish momentum follows several landmark events:

    • SEC lawsuit officially withdrawn
    • Judge Torres’ rulings in Ripple’s favor
    • Approval of ProShares’ XRP Futures ETF
    • Brazil’s first XRP Spot ETF launch

    With rising institutional interest, analysts are now forecasting long-term XRP price targets as high as $1,000 and XenDex is launching at the perfect moment to ride that wave.

    $XDX Presale Details

    • Soft Cap: Filled
    • Price: 1.25 XRP = 10 XDX
    • Minimum Buy: 150 XRP

    Buy XDX on XenDex

    Major Listings Confirmed

    Post-presale, $XDX will be listed on:

    • Binance
    • Gate.io
    • MEXC
    • BitMart
    • FirstLedger
    • MagneticX

    Join the XenDex Community

    Buy $XDX – xendex.net/presale
    Telegram – t.me/xendexcommunity
    X (Twitter) – x.com/xendex_xrp
    XenDex Docs – xdxdocs.gitbook.io

    Contact:
    Frank Richards
    Frank@xendex.net

    Disclaimer: This is a paid post provided by XenDex. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.

    Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.
    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/520da55d-69bd-4670-ba05-f4ba3e6c93d8

    The MIL Network –

  • MIL-OSI: Societe Generale_ Combined General Meeting and Board of Directors dated 20 May 2025

    Source: GlobeNewswire (MIL-OSI)

    COMBINED GENERAL MEETING AND BOARD OF DIRECTORS DATED 20 MAY 2025

    Press release

    Paris, 20 May 2025

    Combined General Meeting

    The General Meeting of shareholders of Societe Generale was held on 20 May 2025 at CNIT Forest, 2, Place de la Défense, 92092 Puteaux and was chaired by Mr. Lorenzo Bini Smaghi.

    Quorum was established at 64,34% (vs 55.61% in 2024):

    • 687 shareholders participated by attending the General Meeting in person at the place where it was held on 20 May 2025;
    • 1,057 shareholders were represented at the General Meeting by a person other than the Chairman;
    • 13,140 shareholders voted online;
    • 2,400 shareholders voted by post;
    • 8,767 shareholders, including 2,500 online, representing 1.07% of the share capital, gave proxy to the Chairman;
    • A total of 26 051 shareholders were present or represented and participated in the vote.

    The agenda item, with no vote, was an opportunity to present and discuss with shareholders the Group’s climate strategy and social and environmental responsibility.

    In addition, 9 shareholders sent 56 written questions prior to the General Meeting. The answers were made public before the General Meeting on the institutional website.

    All the resolutions put forward by the Board of Directors were adopted, in particular:

    • The 2024 annual company accounts and annual consolidated accounts;
    • The dividend per share was set at EUR 1.09. It shall traded ex-dividend on 26 May 2025 and will be paid from 28 May 2025;
    • The renewal of two independent directors for 4 years: Mr. William Connelly and Mr. Henri Poupart-Lafarge;
    • The appointment of two independent directors for 4 years: Mr. Olivier Klein and Mrs. Ingrid-Helen Arnold;
    • The renewal of Mr. Sébastien Wetter’s mandate as Director representing the employee shareholders;
    • The compensation policy for the Chairman, Chief Executive Officer, the Deputy Chief Executive Officers and the Directors;
    • The components composing the total compensation and the benefits of any kind paid or awarded for the 2024 financial year to the Chairman and the Chief Executive Officer and the Deputy Chief Executive Officers;
    • The authorisation granted to the Board of Directors to purchase ordinary shares of the Company was renewed for 18 months up to 10% of the share capital;
    • The authorisation for capital increases, enabling the issue of shares in favour of employees under a company or group saving plan, was renewed for 26 months;
    • The amendments to the Articles of Association to take account of the entry into force of the “Loi Attractivité” (no. 2024-537 dated 13 June 2024).

    The detailed voting result is available this day on the Company’s website in the item “Annual General Meeting”.

    Board of Directors

    Following the renewals and appointments of directors, the Board of Directors is composed of 15 directors, including (i) 2 directors re-elected by the employees in March 2024 and (ii) 1 director representing employee shareholders appointed by the General Meeting and one non-voting director.

    Accordingly, the Board of Directors is composed as follows:

    • Mr. Lorenzo Bini Smaghi, Chairman;
    • Mr. Slawomir Krupa, Director;
    • Mrs. Ingrid-Helen Arnold, Director;
    • Mr. William Connelly, Director;
    • Mr. Jérôme Contamine, Director;
    • Mrs. Béatrice Cossa-Dumurgier, Director;
    • Mrs. Diane Côté, Director;
    • Mrs. Ulrika Ekman, Director;
    • Mrs. France Houssaye, Director elected by employees;
    • Mr. Olivier Klein, Director;
    • Mrs. Annette Messemer, Director;
    • Mr. Henri Poupart-Lafarge, Director;
    • Mr Johan Praud, Director elected by employees;
    • Mr. Benoît de Ruffray, Director;
    • Mr. Sébastien Wetter, Director representing employees shareholders;
    • Mr. Jean-Bernard Lévy, Non-voting Director (“censeur”).

    The Board of Directors is made up of 41,7% women (5/12) and 91,7% independent directors (11/12) if we exclude from the calculations the three directors representing the employees in accordance with paragraph 1 of Article L. 225-23 of the Commercial Code, paragraph 2 of Article L. 225-27 of the Commercial Code and the AFEP-MEDEF code. In order to ensure compliance with a forthcoming legislative change scheduled for mid-2026, the Board of Directors has already decided, for the General Meeting of May 2026, that shareholders will be invited to replace a man director, whose term of office will expire, by a woman director.

    The Board of Directors held after the General Meeting has decided that, as of 20 May 2025, the Board committees will be composed as follows:

    • Audit and Internal Control Committee: Mr. Jérôme Contamine (chairman), Mrs. Diane Côté, Mrs. Ulrika Ekman, Mr. Olivier Klein and Mr. Sébastien Wetter;
    • Risk Committee: Mr. William Connelly (chairman), Mrs. Ingrid-Helen Arnold, Mrs. Béatrice Cossa Dumurgier, Mrs. Diane Côté, Mrs. Ulrika Ekman, Mr. Olivier Klein and Mrs. Annette Messemer;
    • Compensation Committee: Mrs. Annette Messemer (chairwoman), Mr. Jerome Contamine, Mr. Benoit de Ruffray and Mrs. France Houssaye;
    • Nomination and Corporate Governance Committee: Mr. Henri Poupart-Lafarge (chairman), Mr. William Connelly, Mme Diane Côté and Mr. Benoit de Ruffray.

    Biographies

    Mr. William Connelly is a graduate of Georgetown University in Washington (US). He began his career in 1980 at Chase Manhattan Bank, where he worked for 10 years, before joining Baring Brothers from 1990 to 1995. He then held various executive positions within ING Group NV from 1995 until he became a member of The Management Board, where he was responsible for Wholesale Banking from 2011 to 2016. He was also the CEO of ING Real Estate from 2009 to 2015. In addition to his mandate as an independent director of Societe Generale since 2017, he currently is the Chairman of the Board of Directors of Amadeus IT Group and the Chairman of the Board of Directors of Aegon until the second half of 2025. He also served as an independent director of Singular Bank from February 2019 to April 2023. During its session on 10 April 2025, the Societe Generale Board of Directors selected William Connelly for the Chairmanship as of the General Meeting which will be held on 27 May 2026. He will succeed Lorenzo Bini Smaghi, who has been Chairman since 2015, and will have completed his third term.

    Mr. Henri Poupart-Lafarge, Graduate of École polytechnique, the École nationale des ponts et chaussées and the Massachusetts Institute of Technology (MIT). He began his career in 1992 at the World Bank in Washington D.C. before moving to the French Ministry of the Economy and Finance in 1994. He joined Alstom in 1998 as Head of Investor Relations and was in charge of Management Control. In 2000, he was appointed Chief Financial Officer of Transmission and Distribution at Alstom, a position he held until 2004. He was Chief Financial Officer of Alstom from 2004 until 2010 and became President of Alstom Grid from 2010 to 2011. On 4 July 2011, he became Chairman of Alstom Transport, before being appointed Chairman and Chief Executive Officer in February 2016, a position he held until June 2024. Since then, he has been Chief Executive Officer and Director of Alstom.

    Mr. Olivier Klein, Graduated from the Panthéon‑Sorbonne University in 1978 with a Bachelor’s degree in Economics, from the National School of Statistics and Economic Administration (ENSAE) in 1980, and from HEC’s graduate course in Finance in 1985. He began his career at the BFCE in 1985 and served as manager of the Foreign Exchange and Rate Risk Management Advisory Department, then as Director of the BFCE’s Investment Bank, and finally as Regional Director of its corporate bank. He joined the Caisse d’Epargne group in 1998 and was Chairman of the Executive Board of the Caisse d’Epargne Ile‑de‑France Ouest from 2000 to 2007 and then of the Caisse d’Epargne Rhône‑Alpes from 2007 to 2009. In January 2010, he was appointed Chief Executive Officer of Commercial Banking and Insurance of the BPCE group until September 2012. He was appointed Chief Executive Officer of the BRED group from October 2012 to May 2023. He was a Member of the Supervisory Board of BPCE and its Risk Committee between 2019 and May 2023. He is Chief Executive Officer of Lazard Frères Banque SA and Managing Partner since September 2023. Since 1986, He is teaching macroeconomics and monetary policy at HEC. He is a director of Rexécode since 2018.

    Mrs. Ingrid-Helen Arnold, Graduated from the University of Applied Sciences Ludwigshafen in 1997 with a master’s degree in economics. She began her career at SAP SE in 1996, where she held various responsibilities related to innovation and digital transformation. In 2014, she was appointed Chief Information Officer and Business
    Processes and extended Member of the SAPExecutiveCommittee. From 2016 to April 2021, she was President of SAP Business Data Network group in Palo Alto (United States) and SAP SE Walldorf (Germany). In 2021, she joined the Südzucker group as Chief Digital Officer and Information tehcnology and member of the Group’s Executive Committee. She is Chief Executive Officer of KAKO GmbH since June 2024. She was a member of the Supervisory Board and a member of the Heineken group Audit Committee from 2019 to 2023. She is a member of the TUI group Supervisory Board since 2020.

    Mr. Sébastien Wetter holds a Master degree in Fundamental Physics and graduated from the Lyons Business School (EM Lyon). He began his career at Societe Generale in 1997 in the Strategy and Marketing Division of Societe Generale’s retail bank. Working in the Group’s Organisation Consulting Department from 2002, he performed a range of roles in the Corporate & Investment Banking arm and helped roll out the Group-wide participatory Innovation programme. As of the end of 2005, he joined the Commodities Market Department as Chief Operating Officer holding a global remit, before becoming Head of Business Development in 2008. From 2010 until 2014, he served as General Secretary in the Group’s General Inspection and Audit Division. In 2014, he joined the Sales Division of the Corporate & Investment Bank arm where he held a number of positions: Head of marketing for major French and international clients, then in 2016, Global Chief Operating Officer responsible for the sales teams covering financial institutions. From 2020 to December 2022, he has been a banker managing Societe Generale’s relationship with international financial institutions. He has been a member of the of the Supervisory Board of the Fonds Commun de Placement d’Entreprise (FCPE) since May 2024.

    The regulatory declarations on the absence of conflicts of interest and the absence of convictions mentioned on page 140 of the Universal Registration Document filed by Societe Generale on 12 March 2025 with the French market authority (AMF) under number D.25-00088, relating notably to the three directors whose terms of office are renewed remain valid and the two new directors appointed with effect from the General Meeting of 20 May 2025 have made the same regulatory declarations.

    Press contacts:
    Jean-Baptiste Froville_+33 1 58 98 68 00_ jean-baptiste.froville@socgen.com
    Fanny Rouby_+33 1 57 29 11 12_ fanny.rouby@socgen.com

    Societe Generale

    Societe Generale is a top tier European Bank with around 119,000 employees serving more than 26 million clients in 62 countries across the world. We have been supporting the development of our economies for 160 years, providing our corporate, institutional, and individual clients with a wide array of value-added advisory and financial solutions. Our long-lasting and trusted relationships with the clients, our cutting-edge expertise, our unique innovation, our ESG capabilities and leading franchises are part of our DNA and serve our most essential objective – to deliver sustainable value creation for all our stakeholders.

    The Group runs three complementary sets of businesses, embedding ESG offerings for all its clients:

    • French Retail, Private Banking and Insurance, with leading retail bank SG and insurance franchise, premium private banking services, and the leading digital bank BoursoBank.
    • Global Banking and Investor Solutions, a top tier wholesale bank offering tailored-made solutions with distinctive global leadership in equity derivatives, structured finance and ESG.
    • Mobility, International Retail Banking and Financial Services, comprising well-established universal banks (in Czech Republic, Romania and several African countries), Ayvens (the new ALD I LeasePlan brand), a global player in sustainable mobility, as well as specialized financing activities.

    Committed to building together with its clients a better and sustainable future, Societe Generale aims to be a leading partner in the environmental transition and sustainability overall. The Group is included in the principal socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).

    In case of doubt regarding the authenticity of this press release, please go to the end of the Group News page on societegenerale.com website where official Press Releases sent by Societe Generale can be certified using blockchain technology. A link will allow you to check the document’s legitimacy directly on the web page.

    For more information, you can follow us on Twitter/X @societegenerale or visit our website societegenerale.com.

    Attachment

    The MIL Network –

  • MIL-OSI Video: Sec. Kennedy to the World Health Assembly: The United States Is Holding the WHO Accountable

    Source: United States of America – Federal Government Departments (video statements)

    “Like many legacy institutions, the WHO has become mired in bureaucratic bloat, entrenched paradigms, conflicts of interest, and international power politics. While the United States has provided the lion’s share of the organization’s funding historically, other countries such as China have exerted undue influence over its operations in ways that serve their own interests and not particularly the interests of the global public.” – Sec. Kennedy

    —

    U.S. Department of Health and Human Services (HHS) | http://www.hhs.gov

    http://www.Twitter.com/HHSGov | http://www.Facebook.com/HHS http://www.Instagram.com/HHSGov
    http://www.LinkedIn.com/company/us-department-of-health-and-human-services

    HHS Privacy Policy: http://www.hhs.gov/Privacy.html

    https://www.youtube.com/watch?v=ImLFYh5VXI0

    MIL OSI Video –

  • MIL-OSI USA: WATCH: Pressley Calls for True Baby Bonds, Calls Out “MAGA Accounts”

    Source: United States House of Representatives – Congresswoman Ayanna Pressley (MA-07)

    “Republicans are stealing a good idea and twisting it.”

    Baby Bonds Championed by Pressley & Booker Would Address Wealth Gap, End Cycles of Poverty, Help 18 Year-Olds Pay for College, Home, or Starting a Business

    Video (YouTube)

    WASHINGTON – Today, Congresswoman Ayanna Pressley (MA-07) delivered a floor speech in which she slammed the so-called “MAGA Accounts” proposal in Republicans’ reconciliation bill. Rather than support this regressive proposal, Congresswoman Pressley urged her colleagues to support Baby Bonds, her bicameral legislation with Senator Cory Booker (D-NJ) to close the racial wealth gap, disrupt cycles of intergenerational poverty, and make economic opportunity a birthright for every child.

    A transcript of the Congresswoman’s remarks, as delivered, is available below, and the full video is available here.

    Transcript: Pressley Calls for True Baby Bonds, Calls Out “MAGA Accounts”

    House of Representatives

    May 19, 2025

    Mr. Speaker,

    I rise in support of investing in every child’s future.

    Six years ago, I joined Senator Booker to introduce Baby Bonds legislation to disrupt the cycle of intergenerational poverty, close the racial wealth gap, and ensure every 18-year-old has the financial opportunity to go to college, to buy a home, or to start a business.

    Now, Republicans are stealing a good idea and twisting it.

    The so-called ‘MAGA Accounts’ in their reconciliation bill are intentionally designed to help the rich get richer, while poor children are left further and further behind.

    Their proposal would weaponize the tax code to exacerbate wealth inequality, ignore the expertise of economists, and penalize states and non-profits that try to help low-income families.

    In America, a child born into poverty is likely to stay there through their adult lives.

    That is a policy choice – and a violent one.

    Our babies deserve better. Our babies deserve opportunity.

    I urge my colleagues to reject this regressive proposal and support true Baby Bonds.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: NASA Sets Coverage for 32nd SpaceX Resupply Mission Departure

    Source: NASA

    NASA and its international partners will soon receive scientific research samples and hardware after a SpaceX Dragon spacecraft departs the International Space Station on Thursday, May 22, for its return to Earth.
    Live coverage of undocking and departure begins at 11:45 a.m. EDT on NASA+. Learn how to watch NASA content through a variety of platforms, including social media.
    The Dragon spacecraft will undock from the zenith, or space-facing, port of the station’s Harmony module at 12:05 p.m. and fire its thrusters to move a safe distance away from the station under command by SpaceX’s Mission Control in Hawthorne, California.
    After re-entering Earth’s atmosphere, the spacecraft will splash down on Friday, May 23, off the coast of California. NASA will post updates on the agency’s space station blog. There is no livestream video of the splashdown.
    Filled with nearly 6,700 pounds of supplies, science investigations, equipment, and food, the spacecraft arrived at the space station on April 22 after launching April 21 on a Falcon 9 rocket from Launch Complex 39A at NASA’s Kennedy Space Center in Florida for the agency’s SpaceX 32nd commercial resupply services mission.
    Some of the scientific hardware and samples Dragon will return to Earth include MISSE-20 (Multipurpose International Space Station Experiment), which exposed various materials to space, including radiation shielding and detection materials, solar sails and reflective coatings, ceramic composites for reentry spacecraft studies, and resins for potential use in heat shields. Samples were retrieved on the exterior of the station and can improve knowledge of how these materials respond to ultraviolet radiation, atomic oxygen, charged particles, thermal cycling, and other factors.
    Additionally, Astrobee-REACCH (Responsive Engaging Arms for Captive Care and Handling) is returning to Earth after successfully demonstrating grasping and relocating capabilities on the space station. The REACCH demonstration used Astrobee robots to capture space objects of different geometries or surface materials using tentacle-like arms and adhesive pads. Testing a way to safely capture and relocate debris and other objects in orbit could help address end-of-life satellite servicing, orbit change maneuvers, and orbital debris removal. These capabilities maximize satellite lifespan and protect satellites and spacecraft in low Earth orbit that provide services to people on Earth.
    Books from the Story Time from Space project also will return. Crew members aboard the space station read five science, technology, engineering, and mathematics-related children’s books in orbit and videotaped themselves completing science experiments. Video and data collected during the readings and demonstrations were downlinked to Earth and were posted in a video library with accompanying educational materials.
    Hardware and data from a one-year technology demonstration called OPTICA (Onboard Programmable Technology for Image Compression and Analysis) also will return to Earth. The OPTICA technology was designed to advance transmission of real-time, ultra-high-resolution hyperspectral imagery from space to Earth, and it provided valuable insights for data compression and processing that could reduce the bandwidth required for communication, lowering the cost of acquiring data from space-based imaging systems without reducing the volume of data. This technology also could improve services, such as disaster response, that rely on Earth observations.
    For more than 24 years, people have lived and worked continuously aboard the International Space Station, advancing scientific knowledge, and conducting critical research for the benefit of humanity and our home planet. Space station research supports the future of human spaceflight as NASA looks toward deep space missions to the Moon under the Artemis campaign and in preparation for future human missions to Mars, as well as expanding commercial opportunities in low Earth orbit and beyond.
    Learn more about the International Space Station at:
    https://www.nasa.gov/international-space-station
    -end-
    Julian Coltre / Josh FinchHeadquarters, Washington202-358-1600julian.n.coltre@nasa.gov / joshua.a.finch@nasa.gov
    Sandra Jones / Joseph ZakrzewskiJohnson Space Center, Houston281-483-5111sandra.p.jones@nasa.gov / joseph.a.zakrzewski@nasa.gov

    MIL OSI USA News –

  • MIL-OSI USA: Disaster Recovery Center Opens in Ohio County

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center Opens in Ohio County

    Disaster Recovery Center Opens in Ohio County

    FRANKFORT, Ky

    – A Disaster Recovery Center has opened in Ohio County to offer in-person support to Kentucky survivors who experienced loss as the result of the April severe storms, straight-line winds, flooding, landslides and mudslides

    The new Disaster Recovery Center in Ohio County is located at: Ohio County Community Center, 130 E

    Washington St

    , Hartford, KY 42347 Working hours are 9 a

    m

    to 7 p

    m

    Central Time, Monday through Saturday and 1 – 7 p

    m

    Central Time, Sunday

    FEMA representatives can explain available assistance programs, how to apply to FEMA and help connect survivors with resources for their recovery needs

     FEMA is encouraging Kentuckians affected by the April storms to apply for federal disaster assistance as soon as possible

    The deadline to apply is June 25

    You can visit any Disaster Recovery Center to get in-person assistance

    No appointment is needed

    To find all other center locations, including those in other states, go to fema

    gov/drc or text “DRC” and a Zip Code to 43362

     You don’t have to visit a center to apply for FEMA assistance

    There are other ways to apply: online at DisasterAssistance

    gov, use the FEMA App for mobile devices or call 800-621-3362

    If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA the number for that service

    When you apply, you will need to provide:A current phone number where you can be contacted

    Your address at the time of the disaster and the address where you are now staying

    Your Social Security Number

    A general list of damage and losses

    Banking information if you choose direct deposit

    If insured, the policy number or the agent and/or the company name

    For more information about Kentucky flooding recovery, visit www

    fema

    gov/disaster/4860 and www

    fema

    gov/disaster/4864

    Follow the FEMA Region 4 X account at x

    com/femaregion4

    martyce

    allenjr
    Tue, 05/20/2025 – 13:25

    MIL OSI USA News –

  • MIL-OSI USA: Disaster Recovery Center Opens in Webster County

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center Opens in Webster County

    Disaster Recovery Center Opens in Webster County

    FRANKFORT, Ky

    –A Disaster Recovery Center has opened in Webster County to offer in-person support to Kentucky survivors who experienced loss as the result of the April severe storms, straight-line winds, flooding, landslides and mudslides

    The new Disaster Recovery Center in Webster County is located at: Onton United Methodist Church, 15 Wrightsburg Road, Sebree, KY 42455 Working hours are 9 a

    m

    to 7 p

    m

    Central Time, Monday through Saturday and 1 – 7 p

    m

    Central Time, Sunday

    FEMA representatives can explain available assistance programs, how to apply to FEMA and help connect survivors with resources for their recovery needs

     FEMA is encouraging Kentuckians affected by the April storms to apply for federal disaster assistance as soon as possible

    The deadline to apply is June 25

    You can visit any Disaster Recovery Center to get in-person assistance

    No appointment is needed

    To find all other center locations, including those in other states, go to fema

    gov/drc or text “DRC” and a Zip Code to 43362

     You don’t have to visit a center to apply for FEMA assistance

    There are other ways to apply: online at DisasterAssistance

    gov, use the FEMA App for mobile devices or call 800-621-3362

    If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA the number for that service

    When you apply, you will need to provide:A current phone number where you can be contacted

    Your address at the time of the disaster and the address where you are now staying

    Your Social Security Number

    A general list of damage and losses

    Banking information if you choose direct deposit

    If insured, the policy number or the agent and/or the company name

    For more information about Kentucky flooding recovery, visit www

    fema

    gov/disaster/4860 and www

    fema

    gov/disaster/4864

    Follow the FEMA Region 4 X account at x

    com/femaregion4

    martyce

    allenjr
    Tue, 05/20/2025 – 13:26

    MIL OSI USA News –

  • MIL-OSI USA: Disaster Recovery Center Opens in LaRue County

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center Opens in LaRue County

    Disaster Recovery Center Opens in LaRue County

    FRANKFORT, Ky

    – A Disaster Recovery Center has opened in LaRue County to offer in-person support to Kentucky survivors who experienced loss as the result of the April severe storms, straight-line winds, flooding, landslides and mudslides

    The new Disaster Recovery Center in LaRue County is located at: Emergency Medical Services Classroom, 924 South Lincoln Blvd

    , Hodgenville, KY 42748 Working hours are 9 a

    m

    to 7 p

    m

    Eastern Time, Monday through Saturday and 1 – 7 p

    m

    Eastern Time, Sunday

    FEMA representatives can explain available assistance programs, how to apply to FEMA and help connect survivors with resources for their recovery needs

     FEMA is encouraging Kentuckians affected by the April storms to apply for federal disaster assistance as soon as possible

    The deadline to apply is June 25

    You can visit any Disaster Recovery Center to get in-person assistance

    No appointment is needed

    To find all other center locations, including those in other states, go to fema

    gov/drc or text “DRC” and a Zip Code to 43362

     You don’t have to visit a center to apply for FEMA assistance

    There are other ways to apply: online at DisasterAssistance

    gov, use the FEMA App for mobile devices or call 800-621-3362

    If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA the number for that service

    When you apply, you will need to provide:A current phone number where you can be contacted

    Your address at the time of the disaster and the address where you are now staying

    Your Social Security Number

    A general list of damage and losses

    Banking information if you choose direct deposit

    If insured, the policy number or the agent and/or the company name

    For more information about Kentucky flooding recovery, visit www

    fema

    gov/disaster/4860 and www

    fema

    gov/disaster/4864

    Follow the FEMA Region 4 X account at x

    com/femaregion4

    martyce

    allenjr
    Tue, 05/20/2025 – 13:23

    MIL OSI USA News –

  • MIL-OSI USA: LACKAWANNA COUNTY – Governor Shapiro to Highlight Positive Results of Historic Investments in K-12 Public Education, Importance of Continuing to Deliver for PA Students

    Source: US State of Pennsylvania

    May 21, 2025 – Scranton, PA

    ADVISORY – LACKAWANNA COUNTY – Governor Shapiro to Highlight Positive Results of Historic Investments in K-12 Public Education, Importance of Continuing to Deliver for PA Students

    Governor Josh Shapiro will visit Isaac Tripp Elementary School in Scranton to meet with students, teachers, and legislators and highlight how the historic funding he secured for public K-12 education is leading to positive results in schools across the Commonwealth. In his first two budgets, Governor Shapiro secured historic investments in our public schools, students, and teachers, delivering the largest increase in K-12 education funding in Pennsylvania history.

    Governor Shapiro’s 2025-26 budget proposal builds on that foundation by proposing new funding for K-12 public education, with a focus on driving more dollars to the schools that need them most. It also continues our progress to build strong and safe school communities, hire and support our teachers, and expand mental health resources.

    WHO:
    Governor Josh Shapiro
    Representative Bridget Kosierowski
    Dr. Erin Keating, Scranton School District Superintendent
    Ty Holmes, Scranton School Board President

    WHEN:
    Wednesday, May 21, 2025, at 10:00AM

    WHERE:
    Isaac Tripp Elementary School
    1000 N. Everett Avenue,
    Scranton, PA 18504

    LIVE STREAM:
    pacast.com/live/gov
    governor.pa.gov/live/

    RSVP:
    Press who are interested in attending must RSVP with the names and phone numbers for each member of their team to ra-gvgovpress@pa.gov.

    MIL OSI USA News –

  • MIL-OSI: IDEX Biometrics ASA: Nomination Committee proposal to the 2025 Annual General Meeting

    Source: GlobeNewswire (MIL-OSI)

    The Nomination Committee of IDEX Biometrics ASA proposes that Morten Opstad, Annika Olsson and Adriana Saitta, all current board members and European residents and nationals, form the new board of directors, with Morten Opstad serving as the Chair. The proposal is that they continue for a new term of two years.

    The full text of the Nomination Committee’s proposal to the 2025 Annual General Meeting in IDEX Biometrics ASA is enclosed.

    For further information, please contact:

    Kristian Flaten, CFO, Tel: +47 95092322

    E-mail: ir@idexbiometrics.com

    About IDEX Biometrics:

    IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market. For more information, visit www.idexbiometrics.com

    About this notice:

    This notice was issued by Kristian Flaten, CFO, on 20 May 2025 at 21:10 CET on behalf of IDEX Biometrics ASA. This information is subject to the disclosure requirements pursuant to the Norwegian Securities Trading Act section 5-12.

    Attachment

    The MIL Network –

  • MIL-OSI USA: Congresswoman Jennifer McClellan and Health Care Advocates Join Protect Our Care Virginia As Republicans Charge Ahead With the Largest Medicaid Cuts in History

    Source: United States House of Representatives – Congresswoman Jennifer McClellan (Virginia 4th District)

    GOP’s Proposed Cuts to Medicaid Would Throw 206,000 Virginians Off Their Health Care

    RICHMOND, Va. — In case you missed it, Congresswoman Jennifer McClellan (VA-04) on Thursday joined Protect Our Care Virginia to discuss the latest developments in the GOP assault on Medicaid. 

    On Wednesday, the House Energy and Commerce Committee, on which Rep. McClellan serves, completed a 26-hour markup in which Republicans advanced the largest cuts to Medicaid in history in order to meet President Donald Trump’s demands to fund tax breaks for the wealthy. Republicans on the committee approved $715 billion in cuts to health care, mostly to Medicaid, and imposed new reporting requirements that are designed to throw people off the program. 

    Republicans on the House Budget Committee failed to advance the overall package on Friday, citing that they want to see even deeper cuts to Medicaid in Trump’s “One Big Beautiful Bill.” 

    Using data from the nonpartisan Congressional Budget Office, The Commonwealth Institute for Fiscal Analysis (TCI) estimated that 206,000 people will lose Medicaid in Virginia. Additionally, TCI found that 147,000 Virginians who have Medicaid would be subject to up to $35 copays for certain services. Republican Congressman Morgan Griffith (VA-09), who also sits on the House Energy and Commerce Committee, has defended raising out-of-pocket health care costs on Virginians. 

    Due to cuts to Medicaid and a change in a rule to the Affordable Care Act, 8.6 million people will lose their health care under the plan the committee advanced. A total of 13.7 million people will become uninsured when factoring in those who will no longer be able to afford to buy insurance through the ACA marketplaces due to the expiration of enhanced premium tax credits. Republicans are refusing to extend the tax credits past 2025. 

    “Due to these changes, you lose your health insurance under Medicaid, you lose your subsidy to be able to purchase insurance through the Marketplace,” said Congresswoman Jennifer McClellan. “That’s how we get to 13.7 million people who will lose health insurance. Those costs will go to the rest of us. Providers will feel the stress of that. We will have rural hospitals threatening to close again, like we did before we expanded in Virginia. About 200,000 Virginians stand to lose access to their health care here. And why? Why are we doing this? To fund tax cuts for the wealthiest 1% by making the 2017 Trump tax cuts permanent …This is taking away from the least of these to help those who don’t need the help. And that is a big part of the story that my colleagues on the other side of the aisle don’t want to talk about.”

    “When all the proposals under the House Republican health care plan are fully implemented, approximately 206,000 Virginians will lose their health coverage,” said Ashley Kenneth, President of The Commonwealth Institute for Fiscal Analysis. “The people poised to lose their health care already struggle with the high cost of living in our state and cannot afford to pay more for their health care. They will choose to go without insurance because they will have no other choice.”

    “Let me be clear, this is a direct threat to the health care access of tens of thousands of Virginians,” said Jamie Lockhart, Executive Director of Planned Parenthood Advocates of Virginia. “Nearly 25,000 people in Virginia relied on Planned Parenthood health centers last year for cancer screenings, STI treatment, birth control, and more. Medicaid is one of the primary ways those patients pay for care. If this proposal moves forward, they’re not just losing a provider. They’re losing the provider they trust.”

    “So I just want to tell Congress, don’t make it harder for people to get Medicaid, please don’t make it harder to stay on Medicaid, and please don’t question our work ethic, because that is insulting,” said Andrew Daughtry of Henrico County, who suffered multiple on-the-job injuries while working construction. “I couldn’t get health care through my job, but I need Medicaid to pay for the thousands of dollars of injuries that happened on the job. So please don’t pretend that people on Medicaid don’t want to work because I’ve given up my body and my health for the work.”

    “It is not rocket science to see that when people lose their health care, they’re going to start showing up in emergency rooms where hospitals are obligated to treat them. And if no one is reimbursing hospitals for that care, they will go into the red, and they will close,” said Jessica Lazerov, MD, MBA, a pediatrician from Fairfax. “And then everyone in that geographic area, regardless of whether they’re on Medicaid, is going to lose access to their closest hospital. And if these Republicans don’t understand that, then they’re simply not fit to govern.”

    “We love the work we do, and I want to be able to continue to do it for the rest of my life, but cuts in Medicaid may prevent us from doing so,” said SEIU Virginia 512 member Tony Hedgepeth of Richmond, a Medicaid-funded home care worker who cares for veterans.“Taking away Medicaid could sever 47,000 Virginia veterans from their health care or force them to pay more for it. These brave individuals have fought for our country, and we should fight to ensure that they can live and access the best possible quality of life, as they did for us.”

    “Medicaid provides health care to one in every five people in Virginia,” said Katie Baker, state director for Protect Our Care Virginia. “If you aren’t on Medicaid yourself, you know someone who is. Polling shows that the majority of voters believe we should be increasing funding for health care, not cutting it. Republicans are not with the public when it comes to taking away people’s health care.” 

    Event Assets and News Coverage

    ###

    MIL OSI USA News –

  • MIL-OSI Europe: Answer to a written question – Ensuring availability of critical medicines and addressing shortages in ‘small markets’ – E-000902/2025(ASW)

    Source: European Parliament

    On 11 March 2025, the Commission adopted a proposal for a Critical Medicines Act[1] to improve the availability of critical medicines in the EU and access to other medicines of common interest.

    The proposed Act provides a framework for Member States to request Commission support, under certain conditions, to use voluntary collaborative procurement tools for critical medicines and other medicines of common interest. Such procurements would help to make smaller markets more attractive to pharmaceutical companies, improving access and availability through economies of scale.

    In addition, the proposed Act supports investments for companies that increase EU manufacturing capacity of critical medicines through the designation of Strategic Projects. These industrial projects may benefit from facilitated access to funding and fast-tracked administrative, regulatory and scientific support.

    The proposed Act also provides measures to reduce reliance on third countries and strengthen the security and resilience of pharmaceutical supply chains through public procurement. For critical medicines, procurers would have to include a broader set of requirements in their procurement procedures. In case of high dependency on a single or a limited number of countries, they would also have to use procurement requirements that favour critical medicines production in the EU. This would also be possible for other medicines of common interest, when justified. Finally, strategic partnerships with other countries and regions would be explored to diversify the supply chains and reduce dependencies on single suppliers.

    • [1] COM(2025) 102 final. Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL laying a framework for strengthening the availability and security of supply of critical medicinal products as well as the availability of, and accessibility of, medicinal products of common interest, and amending Regulation (EU) 2024/795.
    Last updated: 20 May 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Water infrastructure left inoperative due to delays in land consolidation and irrigation projects – E-001355/2025(ASW)

    Source: European Parliament

    The Commission monitors the implementation of Greek Common Agricultural Policy (CAP) Strategic Plan (CSP)[1], amongst others through the monitoring committee meetings, annual performance reports and the annual review meetings. However, based on the principles of shared management applicable to the CAP, the project implementation monitoring process falls under the responsibility of the Member States, and, hence, the Commission does not have information on individual submitted applications.

    JASPERS cannot provide technical assistance relevant to the irrigation projects in question since JASPERS has been set up as a Cohesion Policy instrument and does not provide technical assistance in the field of agriculture. However, technical assistance support is available under the CSP. It is up to the Member States to make best use of the CSP resources allocated to technical assistance to boost the administrative readiness and speed-up the preparation of projects.

    The CSPs offer possibilities for interventions for land development and irrigation projects through the European Agricultural Fund for Rural Development (EAFRD)[2]. The Greek CSP contains relevant investment interventions, including projects in irrigation. It finances land projects aiming primarily at increasing the efficiency of water use in agriculture, through interventions, such as reservoirs, dams, ponds etc., and the modernisation of irrigation networks. The Commission services in charge of the Recovery and Resilience Facility (RRF)[3] are available to examine with the Greek RRF Agency whether the irrigation network in question could benefit under the ‘Investments in the national irrigation network’ measure.

    • [1] http://www.agrotikianaptixi.gr/el/keimeno-synimmena-paa/egkrisi-tropopoiiseis.
    • [2] Regulation (EU) 2021/2115 of the European Parliament and of the Council (OJ L 435, 6.12.2021, pp. 1-186).
    • [3] https://commission.europa.eu/business-economy-euro/economic-recovery/recovery-and-resilience-facility_en.
    Last updated: 20 May 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – The need to develop the steel industry in the context of developing armament programmes – E-001209/2025(ASW)

    Source: European Parliament

    1. The EU Emissions Trading System (ETS) enables the EU to achieve its climate targets at the lowest cost by allowing the market to set the carbon price. It also has in-built features to protect industries such as steel from carbon leakage (displacement of production and emissions to outside the EU). These include free allocation of emission allowances, the possibility of state aid to compensate indirect carbon costs for electro-intensive production (such as electric arc furnaces), and the introduction of the Carbon Border Adjustment Mechanism (CBAM).

    As such, the Commission has no plans to suspend the ETS, but is preparing a comprehensive review of the ETS Directive by 31 July 2026, as required under the existing Directive.

    2. Steel overcapacity continues to grow across regions, as evidenced in the latest review of the steel safeguard measure. Tackling unfair trade remains a priority for the Commission and it is fully committed to ensuring a robust use of trade defence instruments. The Commission will continue to take all necessary measures to protect the steel industry against unfair and injurious trading practices. In addition, an increasing number of trade barriers are being erected in many third countries. Therefore, the European Steel and Metals Action Plan[1] announced that by the third quarter of 2025 at the latest, the Commission will propose a long-term measure providing a highly effective level of protection to the EU’s steel sector. It will take into account changes in EU demand as well as security and resilience considerations, while preserving a certain level of openness in the EU market. The Commission will also conduct by the end of 2025 a comprehensive review of CBAM, accompanied by an anti-circumvention strategy.

    • [1] https://single-market-economy.ec.europa.eu/publications/european-steel-and-metals-action-plan_en.
    Last updated: 20 May 2025

    MIL OSI Europe News –

  • MIL-OSI USA: California Executives Plead Guilty to Employment Tax Crimes

    Source: US State of North Dakota

    Two California men pleaded guilty yesterday to not paying over employment taxes to the IRS.

    The following is according to court documents and statements made in court: Lalo Valdez and Matthew Olson, both of Northern California, operated a San Jose-based health informatics and product development company that provided clinical care and technology services to clients in healthcare and academia. Valdez was the CEO and Olson the CFO. As such, both were responsible for the company’s operations, managed its internal books and records, signed checks on behalf of the company, and hired and fired employees. Both men also were responsible for withholding Social Security, Medicare, and federal income taxes from employees’ wages and paying those funds over to the government each quarter. The timely payment of quarterly employment taxes is critical to the functioning of the U.S. government, because, for example, they are the primary source of funding for Social Security and Medicare. The federal income taxes that are withheld from employees’ wages also account for a significant portion of all federal income taxes collected each year.

    For every calendar quarter from the first quarter of 2017 through the second quarter of 2021, Valdez and Olson withheld these taxes from employees’ wages but did not pay them over to the IRS or report them on quarterly tax forms. Instead of paying over the taxes, Valdez and Olson used the company’s money to pay for country club memberships and season tickets to the San Jose Sharks of the National Hockey League.

    During this same period, Olson also was one of the owners and operators of a day spa located in Saratoga, California. There, Olson was responsible for collecting and paying Social Security, Medicare, and income taxes to the IRS. From the second quarter of 2017 through the fourth quarter of 2020, however, Olson collected but did not pay them over to the IRS or report them on quarterly tax forms.

    In total, Olson caused a tax loss to the IRS exceeding $2.1 million.

    Valdez caused a total tax loss to the IRS of nearly $1.5 million.

    Valdez and Olson are scheduled to be sentenced on Oct. 20. Both men face a maximum penalty of five years in prison as well as a period of supervised release, restitution, and monetary penalties. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Acting Deputy Assistant Attorney General Karen E. Kelly of the Justice Department’s Tax Division and Acting U.S. Attorney Patrick D. Robbins for the Northern District of California made the announcement.

    IRS Criminal Investigation is investigating the case.

    Trial Attorney Mahana Weidler of the Tax Division and Assistant U.S. Attorney Kristina Green for the Northern District of California are prosecuting the case.

    MIL OSI USA News –

  • MIL-OSI USA: Washington D.C. Accountant Sentenced for Mortgage Fraud and Tax Crimes

    Source: US State of North Dakota

    Defendant Did Not File Tax Returns and Falsified Documents to Obtain Mortgage Loan

    A Washington, D.C., Certified Public Accountant (CPA) was sentenced yesterday to 20 months in prison for making a false statement on a mortgage loan application and not filing an income tax return.

    According to court documents and statements made in court, Timothy Trifilo worked in tax compliance for several large accounting and finance firms. In recent years, he was managing director at a tax firm where he specialized in transaction structuring and advisory service, tax compliance, and tax due diligence. Nevertheless, for a decade, Trifilo did not file federal income tax returns or pay all the taxes that he owed despite earning more than $7.7 million during that time. He caused a tax loss to the IRS of more than $2 million.

    In February 2023, Trifilo sought to obtain a $1.36 million bank-financed loan to purchase a home in D.C. and was working with a mortgage company to do so. After the mortgage company told Trifilo that the bank would not approve the loan without copies of Trifilo’s filed tax returns, Trifilo provided the mortgage company with fabricated documents to make it appear as if he had filed tax returns and provided copies of tax returns for 2020 and 2021 that he never filed with the IRS. On these returns and other documents that he submitted to the mortgage company, Trifilo listed a former colleague as the individual who prepared the returns and uploaded them for filing with the IRS. This individual did not prepare the returns, has never prepared tax returns for Trifilo, and did not authorize Trifilo to use his name on the returns and other documents that Trifilo submitted to the mortgage company. Based on Trifilo’s false representation, the bank approved the loan and Trifilo purchased the home.

    In addition to his prison sentence, U.S. District Court Judge Tanya S. Chutkan for the District of Columbia ordered Trifilo to serve two years of supervised release and pay $2,057,256.40 in restitution to the IRS.

    Acting Deputy Assistant Attorney General Karen E. Kelly of the Justice Department’s Tax Division made the announcement.

    IRS Criminal Investigation investigated the case.

    Trial Attorneys Melissa S. Siskind and Alexis Fleszar of the Tax Division prosecuted the case.

    MIL OSI USA News –

  • MIL-OSI: ES Bancshares, Inc. Announces the Receipt of the First Installment of Its Employee Retention Tax Credit

    Source: GlobeNewswire (MIL-OSI)

    STATEN ISLAND, N.Y., May 20, 2025 (GLOBE NEWSWIRE) — ES Bancshares, Inc. (OTCQX: ESBS) (the “Company”) the holding company for Empire State Bank, (the “Bank”) today reported that the Company received a check for the first installment of $268 thousand of its Employee Retention Tax Credit. The first installment will be reported in our second quarter 2025 earnings results. The Bank filed a claim in 2023 to the Internal Revenue Service (“IRS”) for $1.2 million, plus applicable interest, in Employee Retention Credits (“ERC”) for the years 2020 and 2021. ERC are a refundable payroll tax credit for eligible businesses that paid qualified wages during the COVID-19 pandemic. ERC are generally considered non-taxable income but also require the Company to file amended tax returns for 2020 and 2021 to reduce the associated payroll tax deductions that were previously reported as normal business expenses, which increases the federal income taxes due for those periods. The Company expects to receive multiple ERC installments throughout 2025 and 2026.

    About ES Bancshares Inc.
    ES Bancshares, Inc. (the “Company”) is incorporated under Maryland law and serves as the holding company for Empire State Bank (the “Bank”). The Company is subject to regulation by the Board of Governors of the Federal Reserve System while the Bank is primarily subject to regulation and supervision by the New York State Department of Financial Services. Currently, the Company does not transact any material business other than through the Bank, its subsidiary.

    The Bank was organized under federal law in 2004 as a national bank regulated by the Office of the Comptroller of the Currency. The Bank’s deposits are insured up to legal limits by the FDIC. In March 2009, the Bank converted its charter to a New York State commercial bank charter. The Bank’s principal business is attracting commercial and retail deposits in New York and investing those deposits primarily in loans, consisting of commercial real estate loans, and other commercial loans including SBA and mortgage loans secured by one-to-four-family residences. In addition, the Bank invests in mortgage-backed securities, securities issued by the U.S. Government and agencies thereof, corporate securities and other investments permitted by applicable law and regulations.

    We operate from our five Banking Center locations, a Loan Production Office and our Corporate Headquarters located in Staten Island, New York. The Company’s website address is www.esbna.com. The Company’s annual report, quarterly earnings releases and all press releases are available free of charge through its website, as soon as reasonably practicable.

    Forward-Looking Statements

    This release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements contained in this release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as “may”, “will”, “expect”, “believe”, “anticipate”, “estimate” or “continue” or comparable terminology, are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties, and actual results may differ materially depending on a variety of factors, many of which are not within ES Bancshares, Inc’s. control. The forward-looking statements included in this release are made only as of the date of this release. We have no intention, and do not assume any obligation, to update these forward-looking statements.

    Investor Contact:
    Peggy Edwards, Corporate Secretary
    (845) 451-7825

    The MIL Network –

  • MIL-OSI: UIFCA Launches: AI-Powered Investing & Expert Financial Education

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 20, 2025 (GLOBE NEWSWIRE) — UIFCA Wealth Academy Ltd. today announced its official launch, introducing a comprehensive platform designed to transform how individuals and businesses approach financial markets. The academy integrates cutting-edge artificial intelligence tools with expert-backed investment strategies and world-class financial education, aiming to equip investors with the necessary insights and resources for informed, strategic decision-making.

    The core mission of UIFCA is to empower users to achieve steady and exponential wealth growth, irrespective of the complexities presented by today’s rapidly shifting economic landscape. Recognizing that financial markets are in constant evolution, UIFCA emphasizes that staying ahead requires more than fundamental knowledge; it demands innovation, adaptability, and a data-driven methodology. The academy is built to address these needs directly, offering solutions for navigating market volatility and identifying growth opportunities.

    Through its state-of-the-art technology, UIFCA analyzes market trends in real time. This capability assists users in identifying potential investment opportunities, mitigating risks effectively, and optimizing their investment portfolios for better performance. A dedicated team of seasoned financial experts and AI specialists works continuously to ensure the platform remains at the forefront of the industry, delivering high levels of accuracy, efficiency, and reliability to its user base.

    UIFCA is structured to cater to a diverse range of investors. Whether an individual is a seasoned market participant looking to refine sophisticated strategies or a newcomer seeking to build a strong financial foundation, the academy provides guidance and support. The platform champions the democratization of access to financial intelligence, enabling a broader audience to harness the power of AI-driven investment strategies.

    The ultimate goal is to foster long-term financial success for its members. By providing advanced tools, comprehensive educational materials, and access to expert insights, UIFCA strives to help users take confident control of their financial futures. The academy is committed to shaping intelligent investments and securing tomorrow’s wealth for its global community. Individuals interested in exploring these innovative financial solutions are encouraged to visit the company website.

    About UIFCA Wealth Academy Ltd.
    UIFCA Wealth Academy Ltd. is committed to revolutionizing the way investors navigate the financial markets. Leveraging cutting-edge AI-powered tools, expert-backed strategies, and world-class financial education, UIFCA provides investors with the insights and resources needed to make informed, strategic decisions for steady and exponential wealth growth. With a focus on innovation, expertise, and empowerment, UIFCA serves a global community of traders in both cryptocurrency and traditional financial markets.

    Contact:
    Sarah Mitchell
    sarah.mitchell@ufaceu.com
    Communications Manager
    UIFCA Wealth Academy Ltd
    Website: www.ufaceu.com | www.uifca.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/83b004d5-1e7b-45be-b6a4-94123527ed67

    The MIL Network –

  • MIL-OSI USA: Ernst Applauds SBA Rollback of Irresponsible Biden-Era Lending Changes

    US Senate News:

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

    WASHINGTON – U.S. Senate Committee on Small Business and Entrepreneurship Chair Joni Ernst (R-Iowa) released the following statement after Small Business Administration (SBA) Administrator Kelly Loeffler paused the Biden-era Community Advantage Small Business Lending Company (SBLC) program that was designed to provide taxpayer-backed 7(a) loans with riskier underwriting through non-profit mission-based lenders.
    The Community Advantage program generated a 7% default rate over the last 12 months – more than double that of the overall 7(a) loan portfolio.
    “SBA lending programs should be purely based on economic viability,” said Ernst. “The Biden SBA enabled risky lending practices while putting millions of worthy small businesses on the back burner. I am relieved to see Administrator Loeffler continue to restore fiscal responsibility to the agency’s flagship 7(a) lending program to ensure that taxpayers are not forced to foot the bill.”
    The conversion of Community Advantage lenders to Small Business Lending Companies is another example of the irresponsible management of the SBA’s loan programs by the Biden administration. This change was intended to make the Community Advantage Pilot Program permanent without Congressional authorization.
    Background:
    Ernst discussed undoing the damage of the Biden administration and fixing the financial integrity of the 7(a) loan program with Administrator Kelly Loeffler during her confirmation hearing.
    During a hearing earlier this year, Ernst detailed how the Biden administration’s loosening of rules and reckless expansion of the program increased the risk for American taxpayers. She went on to describe how the Trump SBA could fix the 7(a) program.
    In a letter to President Trump on his first day in office, Ernst highlighted Biden’s mismanagement of the program that threatened to force taxpayers to foot the bill.
    Ernst repeatedly raised concerns that the Biden administration’s rapid expansion of the 7(a) lending program was leaving taxpayers on the hook for risky lending practices by non-bank lenders.

    MIL OSI USA News –