Category: Business

  • MIL-OSI: authID Announces Closing of $2,100,000 Registered Direct Offering

    Source: GlobeNewswire (MIL-OSI)

    DENVER, May 07, 2025 (GLOBE NEWSWIRE) — authID Inc. (NASDAQ: AUID) (“authID” or the “Company”), a leading provider of biometric identity verification and authentication solutions, announced on May 6, 2025, it entered into a definitive agreement, for a follow on transaction with investors led by Kyle Wool, to sell 373,060 shares of its common stock (the “Shares”), pursuant to a registered direct offering (the “Registered Direct Offering”). The purchase price for one Share will be $5.60. The aggregate gross proceeds from the Offering were approximately $2,100,000 before deducting placement agent fees and other offering expenses.

    The closing of the Registered Direct Offering occurred on May 7, 2025, as all closing conditions have been satisfied.

    Dominari Securities LLC and Madison Global Partners, LLC, acted as Co-Placement Agents for the offering.

    authID intends to use the net proceeds for working capital and general corporate purposes.

    The Shares offered in the Registered Direct Offering were offered by the Company pursuant to a shelf registration statement (Registration No. 333-283580) filed with the Securities and Exchange Commission (the “SEC”) and declared effective by the SEC on December 13, 2024. The offering was made only by means of a prospectus supplement and accompanying prospectus. A prospectus supplement and accompanying prospectus relating to the Registered Direct Offering was filed with the SEC and, may be obtained for free on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and accompanying prospectus relating to the Registered Direct offering may be obtained by contacting Madison Global Partners, LLC, Attention: David S. Kaplan, 350 Motor Parkway, Suite 205, Hauppauge, NY 11788, by email at info@madisonglobalpartners.com, or by telephone at (646) 690-0330.

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

    About authID Inc.

    authID (Nasdaq: AUID) ensures enterprises “Know Who’s Behind the Device™” for every customer or employee login and transaction through its easy-to-integrate, patented biometric identity platform. authID powers biometric identity proofing in 700ms, biometric authentication in 25ms, and account recovery with a fast, accurate, user-friendly experience. With our ground-breaking PrivacyKey Solution, authID provides a 1-to-1-billion false match rate, while storing no biometric data. authID stops fraud at onboarding, blocks deepfakes, prevents account takeover, and eliminates password risks and costs, through the fastest, most frictionless, and most accurate user identity experience demanded by today’s digital ecosystem.

    For more information, please visit authid.ai.

    Media Contacts

    NextTech Communications
    Walter Fowler
    1-631-334-3864
    wfowler@nexttechcomms.com

    Investor Relations Contacts
    Investor-Relations@authid.ai

    Cautionary Statement Regarding Forward-Looking Statements:

    This Press Release includes “forward-looking statements.” All statements other than statements of historical facts included herein are forward-looking statements. Actual results may vary materially from the results anticipated by these forward-looking statements as a result of a variety of risk factors. See the Company’s Annual Report on Form 10-K for the Fiscal Year ended December 31, 2024, filed at www.sec.gov and other documents filed with the SEC for risk factors which investors should consider. These forward-looking statements speak only as to the date of this release and cannot be relied upon as a guide to future performance. authID expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this release to reflect any changes in its expectations with regard thereto or any change in events, conditions, or circumstances on which any statement is based.

    The MIL Network

  • MIL-OSI: Dissolution of RBAZ Bancorp, Inc.

    Source: GlobeNewswire (MIL-OSI)

    PHOENIX, May 07, 2025 (GLOBE NEWSWIRE) — RBAZ Bancorp, Inc. (“RBAZ”), the holding company of Republic Bank of Arizona (“Republic Bank”), today announced it completed the sale of substantially all of the assets and liabilities of Republic Bank to Pima Federal Credit Union effective May 2, 2025 (the “Asset Sale”). RBAZ caused its common stock to no longer trade or be quoted on the OTC Pink Market and closed its stock transfer records at the close of market hours on May 2, 2025.

    RBAZ also announced today that its Board of Directors effected a plan of dissolution for the winding up and liquidation of RBAZ. As part of the dissolution process, the Board of Directors authorized a cash distribution of $22.00 per share on a fully-diluted basis. RBAZ previously disclosed $22.00 as the estimated aggregate per share value to be distributed to shareholders. We anticipate that this distribution will be processed for payment within 30 to 45 days.

    RBAZ may make a second distribution in connection with the completion of the dissolution process. However, due to a significant number of variables, RBAZ cannot determine at this time the exact amount of any future distribution or when any such distribution would be made, if at all. There is no guarantee that sufficient funds will remain following the dissolution of RBAZ and Republic Bank to make another distribution. Distributions are subject to RBAZ paying or providing for its debts, taxes, liabilities and obligations in accordance with applicable law and the plan of dissolution.    

    Computershare Trust Company, N.A. (“Computershare”), RBAZ’s stock transfer agent, is acting as paying agent for distributions to shareholders in the dissolution process. Computershare will process distributions as described below.      

    Shares Held in “Street Name.” If your shares of RBAZ common stock are held in “street name” through a broker, bank or other nominee, there is nothing you need to do to receive your distribution and you will not receive transmittal documents. Computershare will automatically process your payment in coordination with your broker, bank or nominee following RBAZ’s authorization of a distribution.

    Book-Entry Shares. If your shares of RBAZ common stock are held in book entry form, which means that your ownership is recorded with Computershare electronically without paper stock certificates, there is nothing you need to do to receive your distribution and you will not receive transmittal documents. Computershare will automatically process your payment following RBAZ’s authorization of a distribution.

    Certificated Shares. If your shares of RBAZ common stock are certificated, then you will be required to surrender your original stock certificate(s) and return certain transmittal documents in order to receive your distribution. In the coming weeks, you will receive transmittal documents from Computershare that will contain instructions for surrendering your stock certificate(s) and receiving your distribution.  

    Forward-Looking Statements

    Certain statements contained in this press release may be considered “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements may be identified by their reference to a future period or periods or by the use of forward-looking terminology such as “anticipate,” “believe,” “estimate,” “expect,” “may,” “might,” “will,” “would,” “could,” or “intend.” Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors – many of which are beyond the control of RBAZ – could cause actual conditions, events or results to differ materially from those anticipated, discussed, projected, expressed or implied by forward-looking statements. We caution you not to place undue reliance on the forward-looking statements contained in this press release. Factors that could cause actual results to differ materially from the expectations of RBAZ and Republic Bank include the nature and amount of the liabilities remaining at RBAZ and Republic Bank following the Asset Sale, including material federal income tax liabilities, the results of any litigation involving RBAZ and Republic Bank, and the amount of costs and expenses associated with dissolving RBAZ and Republic Bank, all of which must be satisfied or provided for before RBAZ may distribute its residual assets to its shareholders. Forward-looking statements speak only as of the date they are made. RBAZ and Republic Bank do not undertake any obligation to update publicly or revise any forward-looking statements because of new information, future events or otherwise.

    Contact: Brian Ruisinger
    President and Chief Executive Officer
    Phone: (602) 280-9404
    Email: bruisinger@republicaz.com

     

    The MIL Network

  • MIL-OSI Economics: Congressional testimony: Supporting American leadership in quantum technology

    Source: Microsoft

    Headline: Congressional testimony: Supporting American leadership in quantum technology

    Editor’s note: On Wednesday, May 7, Dr. Charles Tahan, Partner, Microsoft Quantum, testified before the U.S. House Committee on Science, Space, and Technology. To view the proceedings, please visit the committee’s website.


    Written Testimony of Dr. Charles Tahan
    Partner, Microsoft Quantum, Microsoft Corporation

    U.S. House Committee on Science, Space, and Technology
    “From Policy to Progress: How the National Quantum Initiative Shapes U.S. Quantum Technology Leadership”

    Chairman Babin, Ranking Member Lofgren, and Members of the Committee, thank you for the opportunity to appear before you to discuss the importance of quantum technology and the transformative role it will play for this country and for our collective future.

    It is an honor to be here again. I first appeared before this Committee nearly two years ago. Then, I was Assistant Director of Quantum Information Science and Director of the National Quantum Coordination Office (NQCO), an office within the White House Office of Science and Technology Policy. The NQCO was created in the first Trump Administration by the National Quantum Initiative Act of 2018. Our job was to coordinate the more than 20 agencies led by the Department of Energy, the National Science Foundation, and the National Institute of Standards and Technology, along with the Department of Defense and the Intelligence Community, to develop and execute a national strategy to strengthen American leadership in quantum information science and technology. I spent almost four years in that job, which capped an almost 17-year career as a practicing physicist and technical leader at the National Security Agency and the Defense Advanced Research Projects Agency (DARPA), where I worked on quantum computing, high-performance computing, and other advanced technologies. I now work at Microsoft where I lead technical teams within Microsoft Quantum that are working both internally and with our close partners to build the world’s first useful quantum computers.

    Through my testimony I hope to outline the transformative potential of quantum technology and why the United States must lead and win the quantum race. To provide some context, I will begin by highlighting the revolution in quantum sciences and why quantum matters in the age of artificial intelligence. I then expand on Microsoft’s leadership in this field—both through our own research and through our strategic collaborations with other leaders in the quantum ecosystem. But, despite our tremendous progress, sustaining American leadership requires government action. I therefore offer three focus areas that I believe this Committee and Congress should prioritize: (1) advancing the quantum sciences; (2) developing, attracting, and retaining a skilled quantum workforce; and (3) building a resilient and secure supply chain. Taken together, these strategic actions will not only bolster our nation’s security and competitive edge against competitors and adversaries, but it will also drive innovation and economic growth at home towards a new frontier of American prosperity.

    The Quantum Information Revolution

    I like to think of quantum science as the operating system of the universe. What we physicists call quantum mechanics are essentially the rules that the universe follows at the microscopic level. Over the last 100 years, we have learned a tremendous amount about how those rules work. They appear strange to us because we do not experience them in our daily lives. As we have learned more about these quantum effects, we have been able to leverage them to build new tools and technologies.

    The National Quantum Initiative Act of 2018 recognized that we were on the cusp of a new technological revolution—a quantum information revolution— where we could harness the more advanced and unusual properties of quantum mechanics. This revolution is not just about new research discoveries but also about creating fundamentally new types of information technology like quantum computers, quantum networks, and quantum sensors. The full implications of this shift in quantum information science are unclear, but we do know that maintaining our global technological leadership is critical to sustaining economic prosperity, enhancing our well-being, and safeguarding our national security. We also know this is the first moment in our lifetimes in which we are able to radically reimagine how we build computers. As a country, and as a computing company, we must take that seriously.

    Why Quantum Matters in the Age of AI

    In the two years since my last appearance before this Committee, the world has shifted dramatically. The remarkable rise of AI systems has surprised all of us and increasingly affordable AI capabilities are likely to transform the world even more profoundly than the internet. Despite its immense potential, artificial intelligence—even coupled with the most powerful classical computers today—has limitations. There are problems that AI and classical computing will never be able to solve, not in our lifetimes or even in a hundred lifetimes, because of the fundamental limitations of how they are designed.

    Quantum technology can offer unprecedented capabilities for computing. Consider two quick examples where quantum computers are exponentially faster than anything we could imagine a classical computer could do. The first is code-breaking, which has serious implications to our national security and privacy. A sufficiently large quantum computer could break the public key cryptography systems we now rely on in days or weeks. Even the most powerful classical computer we could ever imagine would take the age of the universe to solve the same problem. That is the power of exponential improvement. And it is why we must move to quantum resistant cryptography as fast as possible.

    The other more commercially relevant application is, quite simply, making things—designing new materials, new chemicals, and new medicines. If you think about what the future holds, what will differentiate nations in an era of intelligence is their ability to create new things using tools that enable them to do so better, faster, and at lower cost. And this is why quantum is so important, not only because it helps us understand the universe as scientists but because it gives us unprecedented capabilities to dramatically improve our lives.

    Microsoft’s Leadership in Quantum

    It is important to appreciate that bringing quantum technology to practical application is hard. It requires focused and sustained investments, sophisticated infrastructure, and the best talent in the world.  It also requires new types of hardware—quantum hardware—and a new quantum technology stack, from chips to the control and readout layers to the user interface. This requires science and innovation at every level. That is what makes developing quantum technology expensive.

    The quantum team at Microsoft has been pursuing quantum computing for over 20 years. Our research program has spanned all three CEOs. We are singularly focused on building quantum computers that are able to solve meaningful problems, like problems in chemistry and material science. To do this, we need quantum computers that can scale to potentially millions of qubits—or quantum transistors—as compared to the small number currently available in prototype systems today. Microsoft has been pursuing this on two fronts: through our decades-long internal research and through strategic collaborations in the quantum ecosystem.

    1. Microsoft’s First-Party Research: The Topological Approach

    Microsoft’s internal hardware effort is based on a unique scientific approach aimed at developing qubits that rely on very novel physics. These are called topological qubits. We think they are promising for quantum computing because they have the potential to make it much easier to scale, meaning to control and enable readout of the millions of qubits needed to develop a useful quantum computer. However, to build even one topological qubit, the team had to take a scientific theory that was first proposed in the 1930s and make it a reality—a feat that included creating a new state of matter and engineering a device in which to exhibit it.

    Earlier this year, Microsoft unveiled new technical results that begin to validate our roadmap toward a topological quantum computer.[1] In addition, Microsoft presented the Majorana 1 chip, which brought together for the first time all the key components, validated individually, that will be needed to build quantum systems that scale: cryogenic electronics, interconnect wiring, and a qubit microchip layout that is compatible with both the physics of topological operation and the limits of control electronics. It is the embodiment of Microsoft’s topological roadmap[2] and the team is proud of it.

    Our approach has been evaluated by the Defense Advanced Research Projects Agency (DARPA), which spent nearly two years vetting Microsoft’s architecture and engineering plan and the unique properties that enable topological qubits to scale.[3] As a result, DARPA selected Microsoft for the final phase of its Underexplored Systems for Utility-Scale Quantum Computing (US2QC) program—one of the programs that makes up DARPA’s larger Quantum Benchmarking Initiative (QBI). To date, the US2QC program has brought together over fifty experts from leading government and academic institutions, including Air Force Research Laboratory, Johns Hopkins University Applied Physics Laboratory, Los Alamos National Laboratory, Oak Ridge National Laboratory, and NASA Ames Research Center, to verify our approach to quantum hardware, software, and applications. DARPA referred to this evaluation as “an incredibly rigorous and deeply technical analysis from what is almost certainly the world’s best quantum computing test and evaluation team.” The final phase of US2QC now envisions the development of a fault-tolerant prototype based on topological qubits—a crucial acceleration step toward making a utility-scale quantum computer a reality.

    Majorana 1 represents the pursuit of hundreds of scientists and engineers over the course of 20 years. Along the way there have been and will continue to be tremendous advances and contributions to the greater field of quantum information science and technology because of this pursuit. And this is why I came to Microsoft—to work on the hardest problems that promise to have an outsized impact for technology and for our society. Technical terms you may not have heard of, such as Topological and Floquet codes, pristine superconductor-semiconductor materials, measurement-based approaches to quantum computing, are all new technologies spun out of this pursuit with implications for many other types of qubits and other types of technologies, even other domains like astronomy. They came about because the Microsoft team found solutions to the hard problems—to the benefit of not only our company, but the entire quantum ecosystem.

    1. Strategic Collaborations

    At its core, Microsoft is a platform company. We want to empower our customers with the best computers in the world, whether they are quantum computers or classical computers, for the applications they care about. While we are excited about the continued advancement and promise of our own topological approach, we have no preference for which qubits ultimately provide our customers with quantum capabilities. We want the system to be the best technology for their use case. This means we develop software for multiple different technologies and layers of the quantum computer stack, everything from AI copilot to quantum languages to the real-time operating system needed to run a quantum computer with millions of moving parts.

    To do this, we work with, invest in, and partner with many different quantum computing technology companies, big and small, to help them make useful quantum computers a reality. We have entered into strategic collaborations with leading quantum hardware startups like Atom Computing, Quantinuum, and Photonic, and others. By applying our industry-leading error-correction and control software to their hardware platforms, we are accelerating the industry’s transition from rudimentary “Level 1” machines that use noisy physical qubits to the world’s first “Level 2” machines that rely on reliable, error-corrected logical qubits, composed of many physical qubits—which make quantum computing more useful for practical applications.

    Our breakthroughs in this area are coming fast. In April 2024, Microsoft and Quantinuum demonstrated the first logical qubits on record that outperform the underlying physical qubits.[4] Five months later, in September 2024, Microsoft and Quantinuum demonstrated 12 logical qubits on Quantinuum’s ion-trap machine, the most reliable logical qubits then on record.[5] Two months later, in November 2024, Microsoft and Atom Computing doubled this feat, creating and entangling 24 logical qubits made from neutral atoms.[6] These breakthroughs led by Microsoft, Atom Computing, and Quantinuum have for the first time moved the quantum industry firmly out of the “Level 1” noisy intermediate-scale quantum (NISQ) era to Level 2 resilient quantum computing. With Atom Computing, we are now offering the world’s first commercially available Level 2 quantum machines. These collaborations enable us to deliver best-in-class logical qubits for our customers today, further cementing Microsoft’s leadership in the quantum ecosystem. But even these “Level 2” systems that aim to provide 1000s of physical qubits will pale to the scale of a true, utility-scale quantum computer powered by a million qubits or more. Getting to this point will require more sustained, large-scale investments in many areas—from talent development to new domestic capabilities to supply chain resilience.

    Winning the Race in Quantum

    While Microsoft has made significant investments in quantum technology, the efforts of individual companies alone are insufficient for the United States to secure the leadership position. Winning the quantum race will not happen without clear-eyed, intentional, and decisive government action. Indeed, these actions will decide whether American global leadership will continue for the rest of this century.

    In his first term, President Trump and Congress laid the foundation for American leadership in the quantum sciences. The passage of the National Quantum Initiative Act (NQIA) was a strong first step in moving from dispersed quantum science initiatives to a more active, coordinated effort to not only lead in the foundational research, but also take scientific breakthroughs through to practical technological innovation.

    As this Committee considers reauthorization of the NQIA and other specific actions that the United States must take to secure our technological leadership in quantum, we offer more detailed recommendations across three policy priorities: (1) robust funding for quantum research, (2) developing top-tier quantum talent, and (3) securing the quantum supply chain. These three categories—described more fully below—require U.S. government leadership to maintain a competitive edge, drive innovation, and safeguard national security in the face of growing global competition.

    1. Advancing Quantum Research

    First, we must continue our long American tradition of leading the world in groundbreaking scientific research. Our curiosity, our ability to innovate, and our desire to build has been responsible for a century of American prosperity. Indeed, the past century of our global leadership is rooted in our ability to not only innovate but innovate first. For quantum, the first-mover advantage is likely to define the geopolitical landscape for the rest of this century – and likely well beyond.

    Last week, Microsoft President and Vice Chair Brad Smith wrote specifically about the critical role of the American research triad—the Department of Defense, the Department of Energy, and the National Science Foundation—in driving American scientific and technological innovation.[7] I will add to that the unique role that the National Institute of Standards and Technology has contributed to quantum information science since the field’s inception. In addition, there have been vital investments by the Intelligence Community’s research funding organizations, who have core missions that demand expertise to monitor progress in quantum information technologies. We must make it a continuing national imperative to energize these institutions—for our economic future, for our national security, and for sustaining our global leadership. The American scientific enterprise is unmatched in the world and there is no private sector substitute. We benefit from multiple institutions that have very different models for how to fund science. This allows the U.S. to fund everything from basic ideas to large, very focused development programs to purchasing novel supercomputers. There is nothing else quite like it in the world.

    Federal funding is the key to leveraging these institutions to sustain our leadership in quantum research and development.  Following passage of the NQIA, U.S. funding for the quantum sciences more than doubled from $456 million in 2019 to $1.041 billion in 2022.[8] But recent years have seen a decline, as reflected in President Biden’s $998 million budget request for FY2025. This has come as our global competitors are doing the opposite. Governments around the world are accelerating spending on quantum R&D – and China’s estimated $15 billion commitment dwarfs publicly reported U.S. funding levels.[9]

    To stay competitive, Congress should not only reauthorize the National Quantum Initiative Act but be purposeful in expanding initiatives through a coordinated national strategy. Key recommendations include:

    • Fully Fund and Expand Quantum Initiatives across the Federal Government: Reauthorize and fully fund the National Quantum Initiative Act and its programs. Congress should ensure agencies like the Department of Energy (DOE) and its National Labs, the National Science Foundation (NSF), the National Institute of Standards and Technology (NIST), and the National Aeronautics and Space Administration (NASA), along with the Department of Defense and the Intelligence Community receive sustained appropriations to expand fundamental quantum science research and development. This includes supporting the NSF’s Quantum Leap Challenge Institutes and the DOE’s National Quantum Information Science Research Centers, which have a proven record of leveraging each federal dollar to attract additional private investment. Expanding these programs will spur innovation nationwide and solidify U.S. leadership in critical quantum technologies.
    • Increase Directed Quantum R&D Funding: Move beyond fragmented funding by adopting a more directed, strategic investment approach. A recent ITIF survey suggests that China’s centralized funding strategy gives it advantages over the diffuse U.S. approach.[10] Congress can consider targeted increases in quantum R&D budgets across key agencies, aiming to exceed past funding peaks and keep pace with competitor nations. Restoring growth in federal quantum R&D funding—particularly after the dip in recent years—is the first and most urgent step to ensure the U.S. does not fall behind.
    • Expand Translational Research Programs: Boost funding for government evaluation and prototype development programs to build a bridge between lab discoveries, engineering initiatives, and real-world applications. For example, DARPA’s Quantum Benchmarking Initiative (QBI)—the flagship program for assessing quantum breakthroughs—should be expanded and fully funded. Congress can direct agencies (DOD, DOE, NSF) to coordinate on identifying high-value quantum research projects and push them toward validation programs (like DARPA’s QBI program) and then to practical realization with additional grants, prizes, or public-private partnerships.
    • Encourage Public-Private Collaboration: Federal investment should be paired with incentives for private sector co-investment in quantum R&D. Each dollar of federal funding often leverages additional private sector investment, so policies like matching grants, or innovation challenges can multiply the impact of public funds. Congress should also support joint research centers and consortia that bring together government, academia, and industry to solve quantum engineering hurdles. In addition, maintaining a stable, long-term funding outlook will give industry the confidence to invest alongside the government in quantum technology development.
    • Provide access to the latest quantum capabilities: Congress should streamline pathways for government agencies to provide the latest quantum computing technology to the researcher community, which would allow them to better identify impactful quantum applications and use cases.

    By significantly increasing federal funding and focusing it strategically, Congress can reinvigorate America’s quantum R&D enterprise. Continued U.S. scientific leadership depends on this commitment and history shows that breakthroughs from federally funded basic research (from the internet to GPS) drive decades of innovation and economic growth. Investing ambitiously in quantum now will pay dividends for American security and prosperity in the years to come.

    2. Developing & Attracting Quantum Talent

    Throughout its history, the United States has developed and attracted the brightest and most innovative minds– and it is what powers Microsoft, the broader American technology sector, and our great academic and research institutions. But this country now faces a severe shortage of STEM talent and, even more critically, a shortage of specialized quantum expertise.

    The global quantum talent pool remains small even as demand increases. It is no exaggeration to say that a handful of gifted physicists, engineers, and mathematicians could sway the balance of power and shift the dynamics in the race to develop quantum technology. Globally, there are as many as three job postings for every one qualified quantum worker.[11] In the U.S., we are struggling to develop our own talent and labor pool. Today the U.S. STEM workforce consists of approximately 36.8 million people, but 43% of doctorate-level scientists and engineers are foreign-born.[12] In 2021, more than half of doctorate-level computer scientists, mathematicians, and engineers working in the United States—occupations directly connected to critical and emerging technologies—were born outside the country.[13] Meanwhile, other countries are sprinting ahead in producing STEM graduates. In 2020, the U.S. awarded roughly 900,000 undergraduate STEM degrees annually, compared to 2 million in China and 2.5 million in India.[14] That gap may have widened in the past five years and today, the European Union leads in quantum talent concentration, with India and China also surpassing the U.S. in the number of quantum-trained specialists. Without a bigger domestic pipeline of quantum talent, even the most well-funded programs will struggle to succeed.

    Congress should enact policies to train, attract, and retain top quantum talent. Important steps include:

    • Strengthen STEM Education at All Levels: Congress must be laser focused on expanding the STEM pipeline from K-12 through to graduate school programs. This includes initiatives through the NSF, as well as state and local partners to enrich science and math curricula and increase awareness and interest in emerging technology. By introducing comprehensive STEM education early (in elementary and secondary schools), we can inspire more students to pursue careers in emerging technology and quantum-related fields.
    • Invest in Higher Education and Training: Congress should also continue and expand initiatives to train the next generation of scientists and engineers. We must continue to fund scholarships, fellowships, and research assistantships, particularly those focused in STEM and specifically in the quantum sciences. This must include developing high-caliber talent at our nation’s premier research institutions through grants and quantum research programs.  It must also include prioritizing community colleges and technical institutes that often launch students into STEM careers. Programs like the NSF’s Research Experiences for Undergraduates (REU) and Research Experiences for Teachers (RET) are critical to engaging more students and providing educators with hands-on quantum projects.  Congress should also increase federal support for STEM graduate students in quantum-related disciplines—currently, only 15% of U.S. full-time STEM grad students are supported by the U.S. government, down from 21% in 2004.[15] Bolstering fellowships and traineeships will produce more Ph.D.-level researchers ready to push the boundaries of quantum science.
    • Retrain and Upskill the Existing Workforce: To meet immediate needs, Congress should also consider activating NSF and the Department of Labor for workforce retraining programs that would help add talent to the quantum ecosystem. Adult education, professional development, and certificate programs in STEM and basic quantum fundamentals can rapidly expand the pool of “quantum-aware” professionals. These efforts will help fill roles in quantum research and product development that do not necessarily require Ph.D.-level expertise but do need specialized training.
    • Attract and Retain Global Talent:  Many of the world’s best minds—in quantum science and across disciplines—come to the U.S. for education and we must continue to find ways to support their continued contributions to our country after graduation. For example, from 2018–2021, temporary visa holders made up 37% of U.S. science and engineering Ph.D. graduates and over 70% of those students intended to stay in the U.S. after graduating.[16]  Congress should create expedited pathways for highly skilled quantum experts and expand the number of visas for Ph.D. graduates in quantum-related fields. Easing green card backlogs for advanced STEM degree holders could help the U.S. retain and attract international talent that would otherwise find opportunities outside the United States.
    • Promote International Collaboration: Congress should encourage collaborative research and exchange programs with allied nations to broaden the talent base within a trusted network. Joint initiatives with allies can pool expertise and resources to collectively train more quantum scientists. By deepening ties with like-minded countries the U.S. can both learn from our allies and ensure that we lead the quantum future together.

    By implementing these measures, the United States can build a robust pipeline of quantum talent. A comprehensive strategy spanning education, training, and international collaboration will equip the U.S. with the skilled workforce needed to drive quantum innovation and outpace global competitors.

    3. Securing the Quantum Supply Chain

    Building a secure and reliable quantum supply chain is essential. Quantum technologies across the board—computing, communication, and sensing—depend on specialized materials and components. This includes hardware like cryogenic refrigerators to advanced lasers and quantum chips. There are currently few suppliers or fabrication facilities for these items and most are globally distributed. This creates a real risk of supply bottlenecks or dependencies on foreign sources, which could stall our R&D progress or even compromise the technology stack. It currently takes 12 to 18 months to get certain components and equipment we need, many of which come from overseas. The U.S. must be able to either build quantum components and devices domestically or have reliable, secure sources through trusted allies. We also need prototyping facilities that are rapid, focused, and work at the pace of industry. However, establishing a resilient supply chain will not happen without focused government action. It is a complex challenge requiring coordination between agencies and partnership with industry. And the need to act is now.

    Congress and the Administration should pursue a national strategy to strengthen the quantum supply chain through the following actions:

    • Develop a National Quantum Supply Chain Strategy: We recommend that the Administration—perhaps via the National Quantum Initiative Advisory Committee or another interagency task force—develop a comprehensive strategy to develop the quantum supply chain. This strategy should identify key supply vulnerabilities, set goals for domestic capacity in quantum-related manufacturing, and provide the Administration with an action plan on how to spur public and private investment for key technology components. Congress may also consider regular reporting on quantum supply chain risks and a roadmap to de-risk dependencies.
    • Diversify Sources of Critical Components: The government should consider using federal purchasing power and funding to ensure multiple reliable sources for essential quantum hardware components. Congress can empower the Department of Commerce and Department of Energy to organize long-term purchase agreements or commit to buying key items (e.g. dilution refrigerators, superconducting amplifiers, high-purity qubit materials, photonic components) in bulk. Strategic investment (such as grants) could also target any chokepoints where the U.S. is overly reliant on foreign suppliers. By deploying capital toward widely needed quantum components, the government can incentivize companies within the United States (or, abroad in partnership with trusted allies) to build expertise and capacity.
    • Establish Quantum Manufacturing Facilities: Congress should also focus on building specialized infrastructure facilities for quantum device fabrication and testing. Building quantum computers and sensors often requires custom fabrication processes (for novel types of qubits, cryogenic electronics, etc.) and advanced packaging techniques. Congress should support the creation of one or more quantum foundries or test beds—perhaps through our National Labs or public-private partnerships—equipped to prototype and produce quantum components at scale. This includes facilities dedicated to fabrication, packaging, and assembly of quantum chips and systems, as well as laboratories for testing cryogenic and photonic components under quantum operating conditions. By investing in such infrastructure, the U.S. will reduce the need to rely on foreign fabrication facilities or suppliers for cutting-edge parts. These centers can also serve as innovation hubs where academia and industry collaborate on next-generation manufacturing techniques for quantum technology.
    • Prioritize Domestic Production of Advanced Components: Congress should create incentives (tax credits, grants, or loan guarantees) for companies to build production lines in the U.S. for critical quantum hardware. This includes the design and fabrication of advanced lasers, precision optics, microwave components, and quantum-grade semiconductors, as well as cryogenic electronics and ultralow-temperature refrigeration systems required for quantum labs. Capabilities like high-precision metrology (chip characterization) and advanced 3D packaging for quantum devices should also be developed domestically. Some of these areas overlap with semiconductor and photonics industries—where recent government efforts were aimed at boosting U.S. manufacturing— but specialized focus on quantum needs is essential. By onshoring production of these components, the U.S. will mitigate risks of foreign supply cut-offs and foster a local ecosystem of quantum suppliers and startups.  In tandem, federal R&D programs can partner with U.S. manufacturers to improve yields and performance in quantum-specific production, driving the costs down over time.

    By implementing these measures, the U.S. can build a resilient quantum supply chain that supports our nation’s long-term leadership. A combination of strategic planning, direct investment, public-private partnerships, and incentives will reduce dependence on foreign suppliers and ensure that our scientists and quantum innovators have access to the tools and components they need to succeed.

    Conclusion

    In closing, the government plays a critical role in coordinating our quantum ecosystem, funding the base of scientific discoveries and talent that the industry relies on, and being the first customer for next generation computers.

    Quantum technology promises to redefine the next era of human progress. The United States must act with urgency to ensure our continued leadership over the next hundred years.

    [1][2502.12252] Roadmap to fault tolerant quantum computation using topological qubit arrays.

    [2] Interferometric single-shot parity measurement in InAs–Al hybrid devices | Nature and Realizing Topological States on Quantum Hardware | APS Global Physics Summit.

    [3] DARPA selects two discrete utility-scale quantum computing approaches for evaluation | DARPA.

    [4] How Microsoft and Quantinuum achieved reliable quantum computing – Microsoft Azure Quantum Blog.

    [5] Microsoft and Quantinuum create 12 logical qubits and demonstrate a hybrid, end-to-end chemistry simulation – Microsoft Azure Quantum Blog.

    [6] Microsoft and Atom Computing offer a commercial quantum machine with the largest number of entangled logical qubits on record – Microsoft Azure Quantum Blog.

    [7] Investing in American leadership in quantum technology: the next frontier in innovation – Microsoft On the Issues.

    [8] National Science and Technology Council:  Subcommittee on Quantum Information Science, National Supplement to the President’s FY 2025 Budget.

    [9] Hodan Omaar and Martin Makaryan, “How Innovative is China,” Information Technology & Innovation Foundation, September 2024.

    [10] Id.

    [11] McKinsey & Company, “Quantum Technology Monitor,” April 2023.

    [12] National Science Board, “The State of U.S. Science and Engineering 2024,” March 2024.

    [13] Id.

    [14] Id.

    [15] Id.

    [16] Id.

    Tags: quantum, Senate Testimony, Technology

    MIL OSI Economics

  • MIL-OSI Economics: Microsoft Fusion Summit explores how AI can accelerate fusion research

    Source: Microsoft

    Headline: Microsoft Fusion Summit explores how AI can accelerate fusion research

    The pursuit of nuclear fusion as a limitless, clean energy source has long been one of humanity’s most ambitious scientific goals. Research labs and companies worldwide are working to replicate the fusion process that occurs at the sun’s core, where isotopes of hydrogen combine to form helium, releasing vast amounts of energy. While scalable fusion energy is still years away, researchers are now exploring how AI can help accelerate fusion research and bring this energy to the grid sooner. 

    In March 2025, Microsoft Research held its inaugural Fusion Summit, a landmark event that brought together distinguished speakers and panelists from within and outside Microsoft Research to explore this question. 

    Ashley Llorens, Corporate Vice President and Managing Director of Microsoft Research Accelerator, opened the Summit by outlining his vision for a self-reinforcing system that uses AI to drive sustainability. Steven Cowley, laboratory director of the U.S. Department of Energy’s Princeton Plasma Physics Laboratory (opens in new tab), professor at Princeton University, and former head of the UK Atomic Energy Authority, followed with a keynote explaining the intricate science and engineering behind fusion reactors. His message was clear: advancing fusion will require international collaboration and the combined power of AI and high-performance computing to model potential fusion reactor designs. 

    Applying AI to fusion research

    North America’s largest fusion facility, DIII (opens in new tab)-D, operated by General Atomics and owned by the US Department of Energy (DOE), provides a unique platform for developing and testing AI applications for fusion research, thanks to its pioneering data and digital twin platform. 

    Richard Buttery (opens in new tab) from DIII-D and Dave Humphreys (opens in new tab) from General Atomics demonstrated how the US DIII-D National Fusion Program (opens in new tab) is already applying AI to advance reactor design and operations, highlighting promising directions for future development. They provided examples of how to apply AI to active plasma control to avoid disruptive instabilities, using AI-controlled trajectories to avoid tearing modes, and implementing feedback control using machine learning-derived density limits for safer high-density operations. 

    One persistent challenge in reactor design involves building the interior “first wall,” which must withstand extreme heat and particle bombardment. Zulfi Alam, corporate vice president of Microsoft Quantum (opens in new tab), discussed the potential of using quantum computing in fusion, particularly for addressing material challenges like hydrogen diffusion in reactors.

    He noted that silicon nitride shows promise as a barrier to hydrogen and vapor and explained the challenge of binding it to the reaction chamber. He emphasized the potential of quantum computing to improve material prediction and synthesis, enabling more efficient processes. He shared that his team is also investigating advanced silicon nitride materials to protect this critical component from neutron and alpha particle damage—an innovation that could make fusion commercially viable.

    Microsoft Research Blog

    AIOpsLab: Building AI agents for autonomous clouds

    AIOpsLab is an open-source framework designed to evaluate and improve AI agents for cloud operations, offering standardized, scalable benchmarks for real-world testing, enhancing cloud system reliability.

    Exploring AI’s broader impact on fusion engineering

    Lightning talks from Microsoft Research labs addressed the central question of AI’s potential to accelerate fusion research and engineering. Speakers covered a wide range of applications—from using gaming AI for plasma control and robotics for remote maintenance to physics-informed AI for simulating materials and plasma behavior. Closing the session, Archie Manoharan, Microsoft’s director of nuclear engineering for Cloud Operations and Infrastructure, emphasized the need for a comprehensive energy strategy, one that incorporates renewables, efficiency improvements, storage solutions, and carbon-free sources like fusion.

    The Summit culminated in a thought-provoking panel discussion moderated by Ade Famoti, featuring Archie Manoharan, Richard Buttery, Steven Cowley, and Chris Bishop, Microsoft Technical Fellow and director of Microsoft Research AI for Science. Their wide-ranging conversation explored the key challenges and opportunities shaping the field of fusion. 

    The panel highlighted several themes: the role of new regulatory frameworks that balance innovation with safety and public trust; the importance of materials discovery in developing durable fusion reactor walls; and the game-changing role AI could play in plasma optimization and surrogate modelling of fusion’s underlying physics.

    They also examined the importance of global research collaboration, citing projects like the International Thermonuclear Experimental Reactor (opens in new tab) (ITER), the world’s largest experimental fusion device under construction in southern France, as testbeds for shared progress. One persistent challenge, however, is data scarcity. This prompted a discussion of using physics-informed neural networks as a potential approach to supplement limited experimental data. 

    Global collaboration and next steps

    Microsoft is collaborating with ITER (opens in new tab) to help advance the technologies and infrastructure needed to achieve fusion ignition—the critical point where a self-sustaining fusion reaction begins, using Microsoft 365 Copilot, Azure OpenAI Service, Visual Studio, and GitHub (opens in new tab). Microsoft Research is now cooperating with ITER to identify where AI can be exploited to model future experiments to optimize its design and operations. 

    Now Microsoft Research has signed a Memorandum of Understanding with the Princeton Plasma Physics Laboratory (PPPL) (opens in new tab) to foster collaboration through knowledge exchange, workshops, and joint research projects. This effort aims to address key challenges in fusion, materials, plasma control, digital twins, and experiment optimization. Together, Microsoft Research and PPPL will work to drive innovation and advances in these critical areas.

    Fusion is a scientific challenge unlike any other and could be key to sustainable energy in the future. We’re excited about the role AI can play in helping make that vision a reality. To learn more, visit the Fusion Summit event page, or connect with us by email at FusionResearch@microsoft.com.

    MIL OSI Economics

  • MIL-OSI Banking: Washington, D.C., Updates for May 2025

    Source: International Association of Drilling Contractors – IADC

    Headline: Washington, D.C., Updates for May 2025

    New Plan May Allow Companies to Start Drilling Sooner 

    The Department of Interior recently announced a plan that slashes environmental reviews to one month. Leaning on President Donald Trump’s declared energy emergency, the department aims to limit fossil project reviews to 28 days. The plan drew a mix of industry praise and warnings of legal fights to come.

    The move to expedite environmental reviews would only apply to certain projects, such as mining and oil and gas drilling. Wind and solar energy would be excluded, according to the Interior Department. 

    Interior Secretary Doug Burgum said in a statement:

    “The United States cannot afford to wait, we are cutting through unnecessary delays to fast-track the development of American energy and critical minerals—resources that are essential to our economy, our military readiness, and our global competitiveness.”

    The department plans to tap into emergency authorities to fast-track the completion of less-intensive environmental assessments, which can take about a year, to just 14 days. Projects requiring a full environmental impact statement are usually a two-year process that can include complex water quality analyses and a close look at the effects extraction could have on endangered species. Such projects will now be reviewed in less than a month.

    Interior is planning to apply the truncated review process to projects tied to the production of crude oil, natural gas, critical minerals, uranium, lease condensates, coal, biofuels, geothermal energy, kinetic hydropower, and refined petroleum products. The department also noted it will tap into emergency authorities under existing regulations–the National Environmental Policy Act, the Endangered Species Act, and the National Historic Preservation Act–to accelerate reviews and possibly approvals.

    In a letter accompanying the announcement, Interior offered companies a form letter to apply for the emergency processing, which could apply to both projects deemed unlikely to cause environmental damage and those expected to cause ecological harm. Once an applicant applies, the policy directs agencies to complete all environmental reviews “within approximately 14 days” if a project is “not likely” to cause environmental harm. For those predicted to cause damage, agencies could solicit comments from the public for approximately 10 days, followed by completing an environmental assessment within a month.

    By contrast, current NEPA procedures generally offer 45-day comment periods on draft environmental impact statements followed by 30-day comment periods for final ones. The directive deletes the requirement of a draft environmental impact statement, instead telling officials to finalize their reviews within the monthlong period.

    MIL OSI Global Banks

  • MIL-OSI Banking: IADC’s Joseph Washington Speaks at West Texas Safety Training Center Annual Meeting

    Source: International Association of Drilling Contractors – IADC

    Headline: IADC’s Joseph Washington Speaks at West Texas Safety Training Center Annual Meeting

    IADC Senior Coordinator Joseph Washington was the guest speaker at the 31st Annual Membership Meeting of the West Texas Safety Training Center on 28 April. The event took place at the MCM Elegante Hotel in Odessa, Texas. During the meeting, Washington discussed oilfield safety and IADC’s accreditation programs, while Kristle M. Fuentes Cruz with OSHA spoke about Worker Memorial Day. IADC appreciates the opportunity to participate in industry events such as this one.

    MIL OSI Global Banks

  • MIL-OSI Banking: Jackie Pavon’s Story

    Source: International Association of Drilling Contractors – IADC

    Headline: Jackie Pavon’s Story

    The following is part of IADC’s 85th anniversary campaign, “Many Stories, One Voice,” which aims to showcase the real human stories behind the drilling industry. 


    Jackie Pavon – IADC H2S Safe Accreditation Coordinator 

    I first heard of IADC from my kind friend and now colleague Bill Krull. It always amazed me how positively he spoke about this organization. Every time I saw him, he was refreshed, optimistic and genuinely energized about his work. In today’s world, where many see work as just a job, finding someone who truly loves what they do is rare. I remember thinking, “What kind of company could inspire such passion?” and hoping that, one day, I would also find a place where I felt the same.

    My prayer was answered when IADC opened a position for an H2S Safe Accreditation Coordinator. With my experience, a deep desire to be part of something meaningful, and the stability that IADC offers, I eagerly embraced the opportunity. Now that I’m here, I can truly say this is where I belong. The training, support and encouragement from my colleagues have been invaluable. IADC isn’t just a company; it’s a community of people who genuinely care about their work, each other and the greater mission we serve. The work I do with IADC brings me so much fulfillment that, by the time I pick up my 1-year-old daughter from school, I’m already feeling grateful. We sing our hearts out to ‘90s country as we drive home, and when I walk through the door to my loving husband, I feel a deep sense of joy. That’s the kind of happiness I cherish every single day, and it’s made possible by the meaningful work I’m lucky to be doing.

    The H2S Safe Program and this organization have become like a second home to me. I feel not only at ease but also challenged and inspired every day. I’m eager to contribute, grow and help make the program the best it can be. I have the privilege of working alongside dedicated training providers, supporting them as they reach their goals and uphold the highest safety standards. Knowing that our work directly impacts lives and promotes safety in the industry is what drives me. Because at the end of the day, safety isn’t just a priority – it’s a responsibility we all share.

    Looking ahead, I see a future filled with possibility. I am excited to continue learning, growing and evolving with IADC. I look forward to building new relationships, taking on new challenges, and contributing in ways that leave a lasting impact. More than anything, I am grateful to be here, to be part of this family, and to be trusted with work that truly matters.

    I’d love to raise a glass and say, “Cheers to 85 more years!” but let’s be real, by then, I’d much rather be in the Bahamas, enjoying a cold beer with my feet in the sand. So instead, I’ll say, “Cheers to many more amazing years with IADC… until I retire!” 

    Jackie (front row, fourth from far right) is pictured with members of the IADC HSE&T Committee following a meeting at IADC’s Houston office this year.

    MIL OSI Global Banks

  • MIL-OSI Banking: Bill Krull’s Story

    Source: International Association of Drilling Contractors – IADC

    Headline: Bill Krull’s Story

    The following is part of IADC’s 85th anniversary campaign, “Many Stories, One Voice,” which aims to showcase the real human stories behind the drilling industry. 


    Bill Krull – IADC Global Sales Manager 

    Exactly 15 years ago this January, I entered the industry having very little exposure to or insight into drilling and completions. My journey began as a consultant to IADC selling advertising for Drilling Contractor magazine, the IADC Membership Directory and websites. One of many IADC mentors, Mike Killalea, was tremendous in his interest in educating me on drilling contractors and the industry in general. 

    I quickly noticed that many professionals in the industry and employees of IADC were willing and interested in assisting new entrants to our industry. I began attending as many conferences as possible and volunteering on various committees, not only for education but also for networking. This proved beneficial in adopting an entirely new group of contacts, many of whom I now consider friends. 

    After nine years contracting to IADC, I was asked to come on board full time in 2019. My role has dramatically changed over time to include managing the Incident Statistics Program, technical software development workgroups, technical resources and forms development. The Incident Statistics Program was an area completely foreign to me, and IADC gave me an opportunity to learn. For this, I’m forever grateful, as I think it’s difficult to find a home where you have such opportunities to continue to have a career evolve – particularly at this point in my career.

    Many thanks to IADC colleagues, mentors and members for our wonderful industry family!

    Bill (far left) and colleagues celebrating their work anniversaries during an annual IADC Service Award luncheon.

    MIL OSI Global Banks

  • MIL-OSI USA: ICYMI: Senator Coons joins Andy Beshear podcast to talk chickens, faith, and getting started in local government

    US Senate News:

    Source: United States Senator for Delaware Christopher Coons

    WILMINGTON, Del. – In case you missed it, U.S. Senator Chris Coons (D-Del.) joined Kentucky Governor Andy Beshear for an interview on the Andy Beshear Podcast. They discussed Senator Coons’ background and how his faith informs his Democratic values and public service, as well as his work with the bipartisan Senate Chicken Caucus. Senator Coons appeared on the fourth episode of Governor Beshear’s podcast. He is only the second elected official to be interviewed on the show.

    You can watch and listen here

    Key excerpts:

    On serving in local government 

    Beshear: So, when you got into politics, you got in at the local level, and local politics is hard. I mean, everybody knows where you live!

    CAC: It’s mean, it’s tough. The smaller the yard, the meaner the dog.

    Beshear: And so, I’m wondering, how did your experiences there either prepare you for the U.S. Senate, or how different are they?

    CAC: Well, so, in between the non-profit work I did and going into local government, I spent eight years for a global manufacturing company that’s headquartered here in Delaware, and I gradually got more involved – more engaged – with the Democratic party here in Delaware and was recruited to run for County Council President, partly because there was a real ethics meltdown going on in county government, and my master’s in divinity school really focused on ethics, and I had worked as an ethics officer – an ethics trainer at the company I worked for. When I was County Council President, I wrote a new ethics code and was involved in a number of public integrity and ethics issues. I represented half a million people, and our county here, New Castle County, is mostly unincorporated, so the county government provides police, fire, paramedics, land use, sewer, zoning, housing, and libraries for about 400,000 people, and it was a very challenging environment, a great learning opportunity. My wife and I had infant twins who were born in ’99, I was elected in 2000, and our youngest child was born in 2001, so as a brand-new County Council President with one staff person representing roughly half a million people…

    Beshear: With three kids!

    CAC: I had three kids under two years old, and I had two full-time jobs because I was still the in-house lawyer for that manufacturing company. It was crazy. I barely remember the first four years I was elected. But to your point, representing local government in the community where I grew up was both wonderful, because I had a chance to really have an impact on the people I’d grown up with and to have an impact on housing and libraries, paramedic and police response time, and disaster preparedness and all of that stuff—but you know people, and they know you and they know how to get you, and they know your mom, and they know your brother-in-law, you know? They know you. That’s what’s great about local government, and that’s what’s hard about local government.

    On faith 

    Beshear: I know that it hurts you as a Senator who has sworn to uphold the Constitution, but also as a person of faith. So many of the teachings in our Bible seem to be impacted, and impacted negatively, by these actions. You think about the fishes and the loaves and cutting SNAP benefits. You think about the parable, the Good Samaritan, picking up that person who’s different from you and not kicking them while they’re down. So, how do you bring your faith to this job? How does it help you make decisions? And maybe how does it keep you going when things are tough?

    CAC: Well, thank you for the question. Because it’s harder—it’s been harder this year than it’s ever been for me. Actually, looking out my window right now, I can see my church, First and Central Presbyterian, here in Wilmington. And I try, I’ve got something on the wall behind me, it’s Micah 6:8, which is one of my favorites, the most concise passages from the Old Testament, and it is a reminder that we are called to do justice, love mercy, and walk humbly with our God. I try to start with humility, to say that everyone I’m interacting with is a child of God, and they may have different understandings or interpretations than I do of what we’re called to do, but if you do justice and love kindness, you’re on the right track. Look, the Bible, the Gospel in particular, is not a political pamphlet. It doesn’t say exactly what we ought to do. It doesn’t say we need more tax cuts, or we need more healthcare, but there are 2,000 specific references to the poor and I think if you look at when Jesus speaks for the very first time, he stands up in his home synagogue and he recites a scripture passage from Isaiah 61—this happens in Luke 4—and where he says, “the spirit of the Lord is upon me, he has anointed me to teach good news to the poor.” If you read that passage, at the very beginning of Jesus’ public ministry, I think it’s hard to reach the conclusion that He doesn’t want us to principally focus on the outcasts, the widowed, the orphans, those in prison, those who are poor, that that is something we are called to do. Look, I represent a million people, not all of them are people of faith, and not all of them are Christians. Folks from many different backgrounds are part of my state and I try to be mindful of the gap between what I believe, and the scripture that I read, and what may be the common interests of the million people I represent. But, Andy, every faith has the Golden Rule, “Do unto others you’d have them do unto you,” and the things we’ve been talking about—addressing the opioid crisis, helping people with affordable housing, responding to natural disasters, and doing it in a way that puts volunteerism and community service first, that strikes me as being right in line with what the Gospels call us to do.

    On the Senate Chicken Caucus 

    Beshear: Amen. We like to typically end with something a little more fun. I read that you founded the Senate Chicken Caucus. Is that accurate?

    CAC: Indeed, I did.

    Beshear: You’ve got to tell me, what is the Senate Chicken Caucus? Are we talking about hot chicken?

    CAC: So, one of my best friends in the Senate was Johnny Isakson of Georgia, just a great man, a great and generous and fun man. We did a lot of traveling and working together and his home state of Georgia is one of the biggest chicken producers in the country, and Sussex County, Delaware, is one of the biggest counties in chicken production in the country, and one of Johnny’s favorite sayings was “life is about friends and future friends, and you don’t have to agree with each other on everything, you just have to agree with each other on one thing.” And so, as we were getting to know each other, we realized that we had chickens in common, that both Delaware and Georgia really cared about growing our chicken exports and so we went to a number of foreign countries together—South Africa, I remember, in particular—where we were trying to promote American chicken exports, and we were trying to grow markets for the fabulous, healthy, tasty protein that we were growing in Georgia and in Delaware in our chicken farms. Southern Delaware is dominated by chicken agriculture. It really is the center of agriculture in Delaware. We have events every year where we always serve chicken, and it’s a great opportunity for me to work across the aisle with Senators from other states—from Arkansas, and Mississippi, and North Carolina, and Georgia, as Johnny was [from]—and focus on what we have in common in the interests of our rural areas and our agricultural sectors. So, that’s the history of the Chicken Caucus and, yes, it is a little funny, but we had a great time doing chicken wing contests and talking about how we could help promote chicken agriculture in the United States and around the world.

    MIL OSI USA News

  • MIL-OSI Economics: Live streaming from Reykjavík Economic Conference 2025

    Source: Central Bank of Iceland

    In co-­op­er­a­tion with the Cen­ter for In­ter­na­tional Mac­roe­co­nom­ics at North­west­ern Uni­versity, the Cent­ral Bank of Ice­land will con­vene the Reyk­javík Eco­nomic Con­fer­ence on 8-9 May 2025.

    MIL OSI Economics

  • MIL-OSI Security: Serial Bank Robber Convicted by Federal Jury

    Source: Office of United States Attorneys

    WILMINGTON, N.C. – A federal jury convicted a Fayetteville man on Friday on one charge of bank robbery, three charges of armed bank robbery, and three charges of brandishing a firearm during and in relation to a crime of violence.

    According to court records and evidence presented at trial, Karim Brown, 32, engaged in a serial bank robbery spree that spanned a month from December 2021 to January 2022. The robberies occurred in Hope Mills, Angier, Fuquay-Varina, and Fayetteville.  Karim Brown was the robber who entered each of the banks and brandished a firearm in three of them. Shiheem Brown, who pled guilty to one of the armed bank robberies and a charge of brandishing a firearm during and in relation to a crime of violence, was sentenced to 18 years in federal prison on December 11, 2024.

    Karim Brown began his spree by robbing the PNC Bank in Hope Mills.  He entered the bank and demanded money from the teller, which totaled $4,674.  On New Year’s Eve 2021, Shiheem Brown was captured on surveillance footage scouting the First Bank in Angier, before Karim Brown entered, brandished a firearm, and demanded cash.  He got away with $4,611.  Two weeks later, on January 14, 2022, Karim Brown robbed the PNC on Main Street in Fuquay-Varina, brandishing a firearm and getting away with $9,000. For the final act in their spree, Shiheem Brown was again captured on surveillance footage scouting the Fidelity Bank on Village Drive in Fayetteville. Karim Brown then entered the bank, brandished a firearm equipped with a laser sight, and demanded cash. During this robbery he passed a note to the teller indicating that he was willing to shoot her.  A bank manager at Fidelity exited her office to see what the commotion was about, and Karim Brown pointed his firearm at her and ordered her to walk across the bank to the teller counter while the tellers placed $15,336 in a bag.   Karim Brown then fled, but during the flight, Shiheem Brown took a selfie as he drove away, capturing himself driving and Karim Brown removing his disguise in the back seat. The selfie was taken approximately 7 minutes after the robbery (pictured below).

    Police broke the case open when they were able to track the vehicle used in the Fuquay-Varina bobbery back to Shiheem and Karim Brown. Shiheem Brown was arrested at an apartment in Fayetteville by Fayetteville PD and the U.S. Marshals Service Task Force on January 27, 2022. During the arrest, Shiheem Brown threw a loaded firearm off the balcony of the apartment, which was recovered. The firearm matched the description of the firearm used in the robberies. Police also recovered $2,650 cash during Shiheem Brown’s arrest. Karim Brown was arrested at this residence the same day.

    Karim Brown faces a mandatory minimum of 31 years’ imprisonment and a statutory maximum of life in prison when sentenced on a later date.

    Daniel P. Bubar, Acting U.S. Attorney for the Eastern District of North Carolina made the announcement after Chief U.S. District Judge Richard E. Myers II accepted the verdict. The Federal Bureau of Investigations, Hope Mills PD, Angier PD, Fuquay-Varina PD, Fayetteville PD and the United States Marshals Service helped investigate the case and Assistant U.S. Attorneys Phil Aubart and Kimberly Dixon prosecuted the case.

    Related court documents and information can be found on the website of the U.S. District Court for the Eastern District of North Carolina or on PACER by searching for Case No.5:23-CR-251.

    ###

    MIL Security OSI

  • MIL-OSI USA: Proposition 123 Land Banking Funds to Support New Housing Options Coloradans can Afford Across the State

    Source: US State of Colorado

    DENVER – Today, Gov. Jared Polis, the Colorado Office of Economic Development and International Trade (OEDIT), and Colorado Housing and Finance Authority (CHFA) announced 21 recipients of voter-approved Proposition 123 Land Banking funds. This funding is intended to support Colorado communities as they acquire and preserve land for an estimated 1,892 home ownership and multi-family rental apartments, including plans in Colorado Springs, Fort Collins, Fruita, Montrose, and Pagosa Springs.

    “These funds are an important first step to create 1,892 homes people can afford across the state, helping more Coloradans live where they want to live — close to their jobs, schools, and the places they love.” said Gov. Jared Polis. 

    Among the recipients, the Boulder Housing Coalition plans to acquire and convert an historic Denver mansion into affordable housing supporting households with incomes 30 – 80% of the Area Median Income (AMI). A Montrose project by Community Options Inc. plans to serve neurodiverse households with incomes 40 – 60% of AMI. And the proposed Bradley Ridge Apartments in Colorado Springs will include an early childhood education center and serve households earning at or below 60% AMI. 

    “A strong economy includes good-paying jobs and housing for every income level. The recipients announced today will introduce new home ownership and rental opportunities in communities across the state, meeting a wide variety of needs, including those transitioning out of homelessness, neurodiverse families, and childcare opportunities. We are excited to support strong economies across the state,” said Eve Lieberman, OEDIT Executive Director. 

    Availability of land is considered one of the most significant barriers to affordable housing development. The Land Banking program provides grants to local and tribal governments and forgivable loans to nonprofits with a demonstrated history of providing affordable housing to support the acquisition and preservation of land for affordable for-sale and rental housing development. 

    “The funds awarded through the Land Banking program are an investment in a stronger Colorado, supporting communities in securing the land they need to respond to local housing needs. These efforts lay the foundation for greater housing stability and economic prosperity,” said Thomas Bryan, Executive Director and Chief Executive Officer of CHFA.

    A total of $47,994,762 will be awarded to 21 recipients, who will be required to complete statutory milestones over the coming years including achieving proper zoning, finalizing development plans, and securing development funding and permits. The Area Median Incomes (AMIs) proposed by the recipients range from 20% AMI for those transitioning out of homelessness up to 100% AMI for homeownership. The awardees include: 

    • Boulder Housing Coalition: 19 rental units for the 1350 N Logan, Denver, $430,000 Broomfield Housing Alliance: 72 rental units for the 11795 Colmans Way,
    • Broomfield, $3,500,000
    • Commerce City Housing Authority: 120 rental and homeownership units for The Foundry, Commerce City, $4,750,000
    • Commun Denver: 173 rental and homeownership units for the Loretto Commons, Denver, $2,500,000
    • Community Options Inc.: 50 rental units for the TBD Hilltop Apartments, Montrose, $1,250,000
    • Elevation Community Land Trust II: 44 homeownership units for the Miners Haus, Golden, $1,400,000
    • Fairview Housing Partners Ltd: 144 rental units for the Flats at Sand Creek, Colorado Springs, $4,050,000
    • Foothills Regional Housing: 220 rental units for the Ridge Road, Wheat Ridge, $2,100,000
    • GES Coalition, Inc.: 60 rental and homeownership units for the Brighton Blvd-GESC, Denver, $3,571,429
    • Habitat for Humanity Fort Collins: eight homeownership units for the Bloom Cottages, Fort Collins, $600,000
    • Habitat for Humanity of Metro Denver, Inc.: 40 homeownership units for the Calvary Flats Affordable Homes, Golden, $1,200,000
    • Habitat for Humanity St Vrain: 35 homeownership units for the Habitat 15th and Terry Street Neighborhood, Longmont, $1,558,333 Metro Caring: 139 rental units for the Metro Caring Affordable Housing, Denver, $3,485,000 Pagosa Springs Community Development Corporation: 11 rental and homeownership units for the Affordable Housing Phase 4, Bonita Dr., Pagosa Springs, $200,000 Pikes Peak Real Estate Foundation: 336 rental units for the Bradley Ridge Apartments, Colorado Springs, $4,850,000 The City of Fruita: 100 rental and homeownership units for The Fruita Commons, Fruita, $1,500,000
    • The Inn Between of Longmont: 40 rental units for the 1886 Hover, Longmont, $1,750,000 The NHP Foundation: 158 rental units for the Liora, Denver, $3,850,000
    • Thistle Community Housing: 48 rental and homeownership units for the Fairways Phase II, Boulder, $2,600,000
    • Urban Land Conservancy II: 66 rental units for the Liberty House, Denver, $2,450,000
    • West Colfax Lampstand: 9 homeownership units for the Flats at Harlan, Lakewood, $400,000 

    Applications were evaluated according to priorities outlined in statute, including high-density housing, mixed-income housing, and environmental sustainability. The selection process also considered accessibility to transit and walkable access to community services, readiness to proceed, financial feasibility, geographic distribution, and total number of units proposed, all priorities outlined by the Governor’s Executive Order to address Colorado’s housing supply. 

    The Land Banking program is part of the Affordable Housing Financing Fund, established by Proposition 123, managed by OEDIT and administered by CHFA. Ongoing updates are available by signing up to receive newsletter updates. 

    About the Colorado Affordable Housing Financing Fund 

    Passed by voters in November 2022, Proposition 123 established the State Affordable Housing Fund to advance the development and preservation of affordable housing in Colorado. The measure directs 40% of those funds to the Colorado Affordable Housing Support Fund administered by the state Department of Local Affairs (DOLA) and 60% of funds to the Colorado Affordable Housing Financing Fund managed by OEDIT. OEDIT selected Colorado Housing and Finance Authority (CHFA) to serve as the Affordable Housing Financing Fund third-party administrator. The Affordable Housing Financing Fund consists of three programs: Land Banking, Equity and Concessionary Debt. 

    About the Colorado Office of Economic Development and International Trade (OEDIT) 

    The Colorado Office of Economic Development and International Trade (OEDIT) works to empower all to thrive in Colorado’s economy. Under the leadership of the Governor and in collaboration with economic development partners across the state, we foster a thriving business environment through funding and financial programs, training, consulting and informational resources across industries and regions. We promote economic growth and long-term job creation by recruiting, retaining, and expanding Colorado businesses and providing programs that support entrepreneurs and businesses of all sizes at every stage of growth. Our goal is to protect what makes our state a great place to live, work, start a business, raise a family, visit and retire—and make it accessible to everyone. Learn more about OEDIT. 

    About Colorado Housing and Finance Authority (CHFA) 

    For more than 50 years, CHFA has strengthened Colorado by investing in affordable housing and community development. CHFA invests in affordable homeownership, the development and preservation of affordable rental housing, helps small- and medium-sized businesses access capital, offers technical assistance and financial support to strengthen local communities, and supports mission-aligned nonprofits through philanthropic investment. CHFA is not a state agency. CHFA is a self-sustaining public enterprise. For more information about CHFA, please visit chfainfo.com or call 1.800.877.chfa (2432).

    MIL OSI USA News

  • MIL-OSI: Notice of Annual General Meeting

    Source: GlobeNewswire (MIL-OSI)

    NB Private Equity Partners Announces the Notice of Annual General Meeting

    Peter Port, Guernsey, 7 May 2025

    NB Private Equity Partners (“NBPE” or the “Company”) announces that its Annual General Meeting (“AGM”) will be held at 1.45pm on the 12 June 2025, at Oak House, Hirzel Street, St Peter Port, Guernsey.

    The Notice of AGM will be dispatched to all shareholders and an electronic copy of the Notice of AGM will also be available on the Company’s website https://www.nbprivateequitypartners.com and at the National Storage Mechanism website at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

    For further information, please contact:

    NBPE Investor Relations        +44 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

    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.

    The MIL Network

  • MIL-OSI: Turbo Energy Showcasing Its Line of Innovative Ai-Optimized Sunbox Energy Storage Solutions at Intersolar Europe 2025

    Source: GlobeNewswire (MIL-OSI)

    VALENCIA, Spain, May 07, 2025 (GLOBE NEWSWIRE) — Turbo Energy S.A. (Nasdaq: TURB) (“Turbo Energy” or the “Company”), a global provider of leading-edge, AI-optimized solar energy storage technologies and solutions, today announced that the Company is showcasing its growing line of smart SUNBOX energy storage solutions at Intersolar Europe, being held in Munich, Germany beginning today and continuing through Friday, May 9, 2025.  As the world’s leading exhibition for the solar industry, Intersolar consistently attracts more than 110,000 participants each year, providing a premier opportunity to connect with partners, customers and peers across Europe and beyond. For Turbo Energy, this event is expected to play a vital role in sharing its latest energy storage advancements, strengthening business relationships and continuing to expand the Company’s impact on the global renewable energy market.

    Join Turbo Energy at Intersolar Europe 2025 in Munich, Germany at Booth B1.430 in Hall B1

    Turbo Energy can be found at Booth B1.430 in Hall B1, where several of the Company’s senior executives and top technical, sales and marketing representatives will be on hand to discuss how AI-enabled SUNBOX  solutions for residential, commercial/industrial and utility-scale applications are helping to transform the way energy is stored and managed. 

    NOTE TO MEDIA:  To schedule an interview with a member of Turbo Energy’s senior management on-site at the event, please contact Silvia Perez Rios at silviaperez@turbo-e.com

    About Turbo Energy, S.A.

    Founded in 2013, Turbo Energy is a globally recognized pioneer of proprietary solar energy storage technologies and solutions managed through Artificial Intelligence. Turbo Energy’s elegant all-in-one and scalable, modular energy storage systems empower residential, commercial and industrial users expanding across Europe, North America and South America to materially reduce dependence on traditional energy sources, helping to lower electricity costs, provide peak shaving and uninterruptible power supply and realize a more sustainable, energy-efficient future. A testament to the Company’s commitment to innovation and industry disruption, Turbo Energy’s introduction of its flagship SUNBOX represents one of the world’s first high performance, competitively priced, all-in-one home solar energy storage systems, which also incorporates patented EV charging capability and powerful AI processes to optimize solar energy management.  Turbo Energy is a proud subsidiary of publicly traded Umbrella Global Energy, S.A., a vertically integrated, global collective of solar energy-focused companies.  For more information, please visit www.turbo-e.com.

    Forward-Looking Statements

    Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of the business of the Company, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control, including the risks described in our registration statements and annual report under the heading “Risk Factors” as filed with the Securities and Exchange Commission. Actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statements contained in this press release speak only as of the date hereof, and Turbo Energy, S.A. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

    For more information, please contact:
    At Turbo Energy, S.A.                                                                          
    Dodi Handy, Director of Communications                            
    Phone: 407-960-4636                                                                          
    Email: dodihandy@turbo-e.com 

    Attachment

    The MIL Network

  • MIL-OSI Economics: Transforming Food Systems for the Future of Asia and the Pacific

    Source: Asia Development Bank

    ADB President Masato Kanda delivered the opening remarks at the event Transforming Food Systems for the Future of Asia and the Pacific held on the sidelines of the 58th Annual Meeting of the ADB Board of Governors in Milan, Italy.

    MIL OSI Economics

  • MIL-OSI: Best Same Day Loans Online No Credit Check Instant & Guaranteed Approval 2025 – Payday Ventures

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, May 07, 2025 (GLOBE NEWSWIRE) — Payday Ventures, a leading provider of online loans, owns platforms offering same day loans online with no credit check, helping Americans manage urgent financial needs without delays or credit-related obstacles. Borrowers can access same day emergency loans, $255 payday loans online same day, and payday loans online through trusted platforms offering instant approval and quick payouts all without lengthy applications or hard credit pulls.

    Top 5 Best Same Day Payday Loans Guaranteed Approval 2025: Quick Overview

    • Viva Payday Loans – Best for $255 Payday Loans Online Same Day No Credit Check
    • Green Dollar Loans – Top Choice for Same Day Loans for Bad Credit with Fast Deposit
    • Heart Paydays – Quick Same Day Emergency Loans with Instant Approval Online
    • Low Credit Finance – Same Day No Credit Check Loans Guaranteed Approval
    • Big Buck Loans – Fast Borrow Money From Cash App Online Same Day Deposit Up to $5,000

    How We Selected the Online Same Day Loans Providers For Bad Credit Borrowers

    We reviewed dozens of online lenders offering same day loans for bad credit and ranked them based on approval speed, loan flexibility, no credit check options, same day deposit availability, and customer support.

    Click Here to Apply for Same Day Loans >>

    Here’s why Choose Same Day Loans

    Same day loans online are ideal for urgent cash needs no long forms, no credit score stress. Whether it’s emergency same day loans, same day loans for bad credit, or quick payday loans, the platforms above make borrowing simple in 2025.

    Click Here to Apply for Same Day Loans >>

    Types of Same Day Loans Available

    $255 Payday Loans Online Same Day: Perfect for small cash needs. Fast approval and no credit check required.

    Same Day Personal Loans for Bad Credit: Ideal for borrowers with poor credit. Quick approval and flexible repayment.

    Emergency Same Day Loans: For urgent bills or medical costs. Get funds in hours with minimal paperwork.

    Borrow Money From Cash App Loans : Fast funding for small business needs—inventory, payroll, or repairs.

    Fast Cash Loans Online Same Day Deposit: Need instant cash? Get approved and funded the same day.

    Same Day Loans No Credit Check: No hard credit pull. Lenders assess based on income, not your score.

    Tips to get same day loans with bad credit

    Yes. Many provider now offer same day loans for bad credit, focusing on your income and ability to repay rather than your credit score. Platforms like Viva Payday Loans and Heart Paydays are great for same day personal loans for bad credit with quick approvals.

    These mentioned brands are part of Payday Ventures, with all platforms mentioned in this release being fully owned and managed in-house.

    Name: Mukesh Bhardwaj
    Email: mukesh@paydayventures.com

    Disclaimer: This announcement contains general information about Payday Ventures loan services and should not be considered financial advice. Loans are available to US residents only.

    The MIL Network

  • MIL-OSI Global: Why Trump fails to understand China’s trade war tactics, and what his negotiators should be reading

    Source: The Conversation – UK – By Tom Harper, Lecturer in International Relations, University of East London

    As US and Chinese representatives prepare to meet in Switzerland in an effort to ease their escalating trade war, a potential sign of Beijing’s approach has emerged in an opinion piece published in the state-owned journal Beijing Daily.

    Articles in the publication are often seen as a reflection of Beijing’s official stance. The latest piece – Today, it is necessary to revisit On Protracted War – argues that the trade war is an American attempt to strangle China’s economic growth and that it is necessary to perceive the current trade tensions as a long-term development.

    What’s particularly important here is that the title refers to former Chinese leader Mao Zedong’s 1938 essay On Protracted War, a piece of writing that set out Mao’s approach to combating the invading Japanese during the second Sino-Japanese war between 1937 and 1945.

    This strategy was also key to the subsequent establishment of the People’s Republic of China in 1949, after the communist victory in the long-running Chinese civil war. Mao became the chairman of the Chinese Communist party from 1943 until his death in 1976 and created a set of political theories referred to as Maoism. He wrote extensively on political strategy.


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    Chinese policymakers and media figures often invoke the nation’s history to justify domestic and foreign policy. And the decision to reference Mao’s text reflects not only China’s strategy in the current trade war but also the lasting influence of his ideas.

    Mao’s 1938 essay described a struggle that might seem, at first glance, a world away from the current China/US tariff conflict. His key thesis was that guerrilla warfare was a long-term affair with little chance for a quick victory.

    Mao’s argument was that a war of attrition would end with a Chinese victory as it would slowly bleed the conventionally stronger Japanese forces of resources.
    Such an approach has been a key feature of insurgencies throughout the modern world, with movements such as the Taliban in Afghanistan using the long war of attrition against larger or more technologically advanced foes.

    By invoking On Protracted War, it would appear that Beijing perceives its economic struggles with the US as a conflict without a swift resolution, something that may come as a shock to Donald Trump who is clearly signalling that he now wants a deal.

    This long view approach has also been reflected in how Beijing has been preparing for a second Trump trade war ever since its experiences in the first Trump presidency.

    How US/China tariff war is affecting US markets.

    In contrast to China, the US administration appears to have banked on the trade war being a comparatively brief affair that should be ended by a quick and decisive knock-out blow against Beijing. And a public relations coup for Trump. This explains the showmanship behind the “liberation day” announcements, and the speed at which Washington deployed its key moves.

    But by preparing its citizens for a protracted trade war, it would appear that China’s strategy, similarly to Mao’s, is to slow down the process and grind out the best deal it can over time.

    Beijing believes that Chinese consumers are more capable of “eating bitterness” (coping with hardship) than Americans. So US diplomats would be well advised to dip into On Protracted War to understand more of China’s president Xi Jinping’s intentions.

    Mao’s long shadow

    However, this is not the only way in which Mao’s strategies are relevant to global politics right now.

    Another of Mao’s political ideas was what he termed the “people’s war”. This envisioned a slow movement where one group creates “shadow institutions” that gradually displace established ones in order to build support from the local population.

    This echoes part of China’s approach to globalisation, where China has supported, or created, alternatives to US-led institutions.

    Many of Beijing’s international institutions, such as the Asian Infrastructure Investment Bank, Shanghai Cooperation Organisation and the belt and the road initiative are created to be alternatives to more established international bodies, such as the IMF and the World Bank. These Beijing felt were too dominated by the US.

    While China has worked on this policy for decades, it seems to chime with Trump’s lack of commitment to US involvement in international institutions, such as the IMF and Nato. In this aspect of international politics, Xi and Trump seem to have somewhat similar goals, and could open up more space for Chinese leadership of these institutions.

    It’s becoming clear that the Trump administration has severely miscalculated by assuming that Beijing would quickly capitulate, showing a lack of understanding of Chinese culture and political history. The expected instant deal has failed to materialise, and US stores are now warning that shelves may soon be empty of many goods.

    The trade war has become a war of attrition, and whatever moves Xi makes now are likely to be only his first in what he sees as a very long game, in the great Maoist tradition.

    Tom Harper 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 Trump fails to understand China’s trade war tactics, and what his negotiators should be reading – https://theconversation.com/why-trump-fails-to-understand-chinas-trade-war-tactics-and-what-his-negotiators-should-be-reading-256126

    MIL OSI – Global Reports

  • MIL-OSI Global: Why Trump’s plans for tariffs on foreign films probably won’t have a happy ending

    Source: The Conversation – UK – By Jean Chalaby, Professor of Sociology, City St George’s, University of London

    Bill Chizek/Shutterstock

    With its tariffs policies, the administration of US president Donald Trump aims to correct the country’s persistent goods trade deficit. The president has argued that the US has been “looted, pillaged, raped and plundered” by other countries. Trump feels it is now America’s “turn to prosper” – and he has the film and TV industries in his sights with threats of 100% tariffs on foreign films.

    Economists cite multiple reasons why tariffs are bad for economies, from stunting growth to adding inflationary pressure. But there is a more fundamental problem, which is notable in the case of the film and TV industries. While trade data reflects a country’s overall performance, it says nothing about the nature and ownership of the traded goods.

    Indeed, the cross-border activities and foreign investments of US-based multinationals widen the US trade deficit. Global trade flows in film and TV are a good example.

    In terms of the origin of a movie, it is determined by factors including the nationality of those in key creative roles, financing, filming location and the culture reflected in the theme and story. The US has long been the world’s largest exporter of films and TV, dominating global media flows for much of the 20th century.


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    In the 1970s, the country exported seven times as much film and TV programming as that of its nearest competitor (the UK). Three decades later, the US was still exporting 4.5 times the amount of content it imported – US$12.6 billion (£9.4 billion) versus US$2.8 billion.

    US exports have increased, reaching US$24.7 billion in 2023, and Hollywood remains the world’s largest movie exporter. However, the US balance of trade in the sector has shifted dramatically. While US exports grew by 95.4% between 2006 and 2023, US imports increased by 898%.

    The trade in film and TV programming achieved balance in 2019, and my research shows that since then, the US has imported more films and TV shows than it exported. The deficit was narrowing in 2023 but imports remained 12.1% higher than exports (US$27.7 billion versus US$24.3 billion).

    This deficit deserves an explanation. Are Asian and European producers suddenly flooding the US with films and TV shows? Has the American public developed an insatiable appetite for Nordic noir or K-drama? The reality is that US-based media conglomerates like Disney, Netflix and Warner Bros Discovery have changed strategy. They have moved away from their previous focus on exports to direct-to-consumer international distribution.

    What does this mean? Well, instead of licensing content to foreign broadcasters and cinemas (which they still do, but to a lesser extent), they retail their content internationally, using their own global streaming services.

    The US entertainment paradox

    Maintaining these large content libraries explains the shift of the US trade balance. US-based streamers export less because they now retain more of their content for exclusive distribution on their own streaming platforms. And they import more because they acquire foreign content in greater quantities than ever before.

    For example, Stranger Things is produced by Netflix in the US. As such, it does not show up in export figures. Squid Game, on the other hand, is a Korean export and shows up in US import data.

    Moreover, Walt Disney has decided to retain the exclusive rights to its franchises, forgoing licensing sales. In 2020, the company licensed 59% of its scripted series to third parties, 18% in 2021, and only 2% in 2022.

    All the US streaming giants license and commission foreign content. Netflix in particular has spent more on international content than US programming since 2024 (US$7.9 billion versus US$7.5 billion). Hence the creation of a paradox: US trade data in audiovisual services reveals a trade deficit, yet the US-based entertainment industry has never been so dominant globally.

    There are similar patterns in industries in which US-based multinationals are located at the apex of transnational supply chains. The jeans that Levi Strauss imports from Bangladesh, the trainers that Nike imports from Vietnam, and the car components Ford imports from Brazil all show up in US trade statistics. But these goods are, essentially, American-owned assets.

    About 70% of trade involves global value chains (GVC), as raw materials and components cross borders multiple times before being assembled into a final product.

    In today’s global economy, the complexity of most products requires companies to cooperate along transnational production networks. As businesses and countries specialise in specific tasks, GVCs are the most efficient way of producing goods and services. The streaming industry simply mirrors these wider patterns.

    Mindful of the US trade deficit in films and TV programmes, Trump announced the plans for 100% tariffs on all films produced outside the US. However, his attempt to “make Hollywood great again” is misguided.

    While Hollywood has new rivals to contend with, notably South Korea, it remains the world’s largest film and TV exporter. Following a short period of decline in the late 2010s, US exports have continued to grow to reach a record US$24.3 billion.

    For Trump, the vexing issue is that the US imports more films and TV programmes than its exports. But that is due to US-based platforms’ foreign content hoarding. Adolescence and Squid Game have indeed contributed to extending the gap between US imports and exports, but they are US-owned assets that have earned Netflix hundreds of millions of dollars in subscription fees. (Squid Game’s impact value for Netflix was estimated at US$891 million in 2021.)

    Squid Game is an import, but it’s a giant money-spinner for US streamer Netflix.

    And American content on US-based streaming giants does not show up in trade data. The whole world is watching Black Mirror and Ransom Canyon, but these series have never been exported. Rather, they are on a global platform (Netflix). US-based media conglomerates have never been so dominant in the global media market.

    In short, trade data does not tell the whole story. If implemented, these tariffs will certainly have far-reaching consequences for the film and TV industry. But they are unlikely to make anyone more prosperous.

    Jean Chalaby 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 Trump’s plans for tariffs on foreign films probably won’t have a happy ending – https://theconversation.com/why-trumps-plans-for-tariffs-on-foreign-films-probably-wont-have-a-happy-ending-256004

    MIL OSI – Global Reports

  • MIL-OSI Banking: IADC Partners with 3t Drilling Systems to Create New KREW System

    Source: International Association of Drilling Contractors – IADC

    Headline: IADC Partners with 3t Drilling Systems to Create New KREW System

    IADC has recently announced a new project to completely rebuild its Knowledge Retention & Education for our Workforce (KREW) continuous learning system. The comprehensive overhaul is being developed in partnership with 3t Drilling Systems. This project is intended to develop completely IADC-owned content that raises the bar on retention of well control training knowledge while creating a greater level of standardized content across the industry.

    According to an IADC Member involved in the project, Douglas Fenner, Senior Technical Trainer Field Training & Development & Learning Innovator with Precision Drilling:

    “IADC’s revised KREW is about delivering real learning that crews can trust when they’re out there doing the work. KREW sharpens skills, builds confidence, and makes sure knowledge sticks where it matters most, in the field. It’s a stronger foundation for building a workforce ready for the future of our industry.”

    Key system enhancements of the all-new KREW platform will include:

    • An IADC-branded custom app and web portal with 268 eLearning modules and 11 3D models across Driller and Supervisor levels of the WellSharp accreditation program curriculum
    • Direct user engagement and unique learning pathway intentions
    • The ability to link simulation exercises
    • WellSharp sample assessments automatically delivered to users every four months throughout the two-year recertification cycle

    Originally launched to the industry in April 2021, KREW is being completely reimagined as a new-generation online learning tool designed to provide continuous learning opportunities for well control concepts to improve knowledge retention and, ultimately, to enhance critical on-the-job skills. The development of this new KREW system represents a total replacement of the previous platform with advanced functionality, expanded capabilities, and novel content that will be centrally owned by IADC for the first time. The new system is projected to be completed in the first quarter of 2026.

    As another involved Member, Michael Fitzsimmons, Wells Technical Training Manager with Chevron, puts it:

    “IADC has listened to industry feedback, and is working towards delivering an improved continuous education platform for well control. Year-round access to KREW content and simulator experiences will provide practitioners the opportunity to maintain competency between the traditional certification cycles, and IADC’s plans for an abbreviated recertification course with an enhanced focus on scenario based training will be a welcomed option for those requiring certification.”

    MIL OSI Global Banks

  • MIL-OSI Banking: IADC Accreditation Attains 19 Years of ISO Certification!

    Source: International Association of Drilling Contractors – IADC

    Headline: IADC Accreditation Attains 19 Years of ISO Certification!

    The IADC Accreditation department has reached an impressive milestone this year, securing ISO 9001:2015 certification for the 19th consecutive year. This distinguished achievement highlights nearly two decades of unwavering commitment to excellence and quality management standards.

    During this year’s rigorous two-day assessment by the International Organization for Standardization (ISO), IADC once again demonstrated exceptional compliance across all operational areas. We’re proud to report that our team successfully satisfied all 83 ISO requirements without a single non-conformity – extending our record to an impressive 10 years without findings.

    This remarkable consistency is particularly noteworthy as IADC maintains its position as the drilling industry’s only accrediting body to hold this specific certification. This distinction reflects our ongoing dedication to continuous improvement and delivering superior value to our Members.

    Throughout the years, our quality management approach has evolved through thoughtful integration of Member feedback and systematic process refinement. These efforts have consistently strengthened our programs, enhanced information integrity, and elevated the overall Member experience.

    We extend our deepest appreciation to the entire Accreditation team for their exceptional diligence, professionalism, and commitment to quality throughout the past year. This achievement truly belongs to each team member who contributed to this outstanding record of excellence!

    MIL OSI Global Banks

  • MIL-OSI Banking: Houston Chapter’s April Luncheon Explores “The Underappreciation of Oil & Gas”

    Source: International Association of Drilling Contractors – IADC

    Headline: Houston Chapter’s April Luncheon Explores “The Underappreciation of Oil & Gas”

    On 23 April, the IADC Houston Chapter held its April Luncheon exploring the theme “Misrepresentation Matters: The Underappreciation of Oil & Gas.” David Gibson of VDoorLocksmith and Russell Stewart of Oil and Gas Global Network gave enlightening presentations, then joined a dynamic panel discussion including Jamie Elrod and Kate Heiken of Flipping the Barrel.  

    The discussions highlighted how our industry is often misunderstood despite its crucial role in powering global progress. The speakers emphasized the need for better storytelling and advocacy to attract new talent and change public perception.

    MIL OSI Global Banks

  • MIL-OSI Banking: Members Gather to Discuss New IADC Black Sea/Mediterranean Chapter

    Source: International Association of Drilling Contractors – IADC

    Headline: Members Gather to Discuss New IADC Black Sea/Mediterranean Chapter

    On Wednesday 30 April, industry colleagues gathered in Ankara, Türkiye to discuss the formation of an IADC Black Sea/Mediterranean Chapter.

    The meeting was well attended and included a presentation from IADC explaining what the Association is about, what role the Chapter would have, and how Members could benefit from the new Chapter and give back to the industry through it.

    Thank you to everyone who attended! We look forward to continuing to pursue this exciting opportunity to serve the region.

    MIL OSI Global Banks

  • MIL-OSI Banking: Accreditation Updates for May 2025

    Source: International Association of Drilling Contractors – IADC

    Headline: Accreditation Updates for May 2025

    IADC welcomes these 4 newly-accredited training providers who have satisfactorily completed the approval process:

    DIT

    • ARABIAN MACHINERY AND HEAVY EQUIPMENT COMPANY – Al Khobar, Eastern Province, Saudi Arabia 
    • Kuwait Drilling Company – Kuwait, Ahmadi, Kuwait 

    RigPass

    • Capstar Drilling, Inc. – Casper, Wyoming, US
    • Cazen Servicios y Suministros Integrales – Ciudad del Carmen, Campeche, Mexico 

    MIL OSI Global Banks

  • MIL-OSI USA: ICYMI: Farmers Back President Trump’s Tariffs

    US Senate News:

    Source: The White House
    American farmers are behind President Donald J. Trump and his relentless push to restore fairness in global trade and secure new markets for homegrown producers.
    According to the latest Purdue University-CME Group Ag Economy Barometer:
    70% of farmers expect the President Trump’s tariffs to strengthen the agricultural economy in the long-term.
    Farmer sentiment improved in April, marked by rises in current and future expectations.
    The Farm Capital Investment Index rose to its highest reading since May 2021.
    “This month, one out of four respondents said it was a good time to make large investments, nearly double the percentage of respondents who said it was a good time to invest when surveyed from May through October of last year.”

    The Farm Financial Performance Index “marked the fourth month in a row that the index was above 100, indicating that producers expect financial performance this year to equal or slightly exceed the year-ago level.”

    MIL OSI USA News

  • MIL-OSI Africa: Afreximbank launches US$ 1 Billion Africa Film Fund to transform the continent’s creative industry

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

    Afreximbank launches US$ 1 Billion Africa Film Fund to transform the continent’s creative industry The Fund will play a pivotal role in promoting the production and global distribution of high-quality films and TV series, further amplifying Global Africa’s cultural influence across the world KIGALI, Rwanda, May 7, 2025/APO Group/ — African Export-Import Bank (Afreximbank) (www.Afreximbank.com), through its development impact investment arm, the Fund for Export-Development in Africa (FEDA), has committed to spearhead the launch of the Africa Film Fund (‘the Fund’) as part of its Creative Africa Nexus Programme (CANEX). This transformative undertaking of up to US$1 billion is designed to revolutionize Global Africa’s film and creative industry. This move follows Afreximbank Group’s commitment at the CANEX Weekend (CANEX WKND 2024) in Algiers, Algeria, in October 2024, where the Bank announced plans to launch a private equity film fund through FEDA to support film production and distribution across Africa and empower African filmmakers to create globally appealing content. The Fund will play a pivotal role in promoting the production and global distribution of high-quality films and TV series, further amplifying Global Africa’s cultural influence across the world. In doing so, the Fund will be a catalyst to attract and direct crucial patient capital into Global Africa’s film and TV production industry, mobilising resources that would enable filmmakers and storytellers to produce world-class content that resonates globally. According to the UNESCO Institute for Statistics, the African film and audiovisual industry generates an estimated US$5 billion in annual revenues and employs over 5 million people across the continent. However, the film industry on the continent has long faced challenges, including limited access to production facilities and equipment, a shortage of advanced post-production resources, and a lack of sufficient exhibition infrastructure—highlighted by fewer than 2,000 cinema screens and limited access to digital platforms. Afreximbank’s interventions through FEDA seek to address some of these issues and more. Professor Benedict Oramah, President of Afreximbank and Chairman of both the Boards of Directors of Afreximbank and FEDA commented: “Film is a cornerstone of the Creative Africa Nexus (CANEX) programme and the establishment of the Africa Film Fund is timely as it will help accelerate the growth of Africa’s creative sector, which has witnessed rapid growth but continues to face significant challenges including funding, scaling and accessing global markets.” Prof. Oramah added, “Through investments in the film sector, alongside initiatives such as the CANEX Shorts Awards, Afreximbank is committed to celebrating and amplifying a diverse range of African voices and experiences, thereby catalysing the creative industry and unleashing the creative industry’s potential to drive economic growth across Africa.” Marlene Ngoyi, CEO of FEDA, emphasized the Fund’s role in driving inclusive growth, stating that: “The Africa Film Fund is not merely about financing films – it is about building a thriving ecosystem that empowers Global Africa’s creative talent, fosters cultural exchange, and catalyses economic transformation. At FEDA, we are committed to ensuring this initiative delivers tangible impact with long-term and sustainable benefits.” Kanayo Awani, Executive Vice-President of Intra-African Trade and Export Development, Afreximbank, added: This Fund will help unlock the full potential of Africa’s creative economy by giving African storytellers the platform, resources, and visibility they deserve. It reflects our belief that culture is not just a soft power, but a strategic asset for economic growth, youth empowerment, and regional integration.” Viola Davis, co-founder of JVL Media LLC and an EGOT (Emmy, Grammy, Oscar, Tony) winning actress welcomed the initiative: African stories are deeply human and universally powerful. This Fund is an invitation to the world to see Africa through the lens of its own creators — bold, unfiltered, and rich in truth. I am proud to be a part of this momentous step toward a more inclusive global film industry. Boris Kodjoe, award winning actor and Managing Partner of FC Media Group, stated:  “It has been a long-term dream of mine to be able to tell stories on a global scale. I am grateful and excited to partner with our friends at Afreximbank and FEDA in order to support quality content development and creation in Africa and beyond.” Distributed by APO Group on behalf of Afreximbank. Media Contact: Vincent Musumba Communications and Events Manager (Media Relations) Email: press@afreximbank.com About FEDA: The Fund for Export Development in Africa (“FEDA”) is the impact investment subsidiary of Afreximbank (www.Afreximbank.com), set up to provide equity, quasi-equity, and debt capital to finance the multi-billion-dollar funding gap (particularly in equity) needed to transform the Trade sector in Africa. FEDA pursues a multi-sector investment strategy along the intra-African trade, value-added export development, and manufacturing value chain which includes financial services, technology, consumer and retail goods, manufacturing, transport & logistics, agribusiness, as well as ancillary trade enabling infrastructure such as industrial parks.  To date, FEDA has invested more than US$590 million in companies and projects across its various fund initiatives, in sectors such as manufacturing, agro-processing, financial services, healthcare and pharmaceuticals, amongst others. About Afreximbank: African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank’s total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa1), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

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    MIL OSI Africa

  • MIL-OSI: Bitget Wallet Unveils Alpha, A Mobile Hub for Early Signals and Trading

    Source: GlobeNewswire (MIL-OSI)

    SAN SALVADOR, El Salvador, May 07, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, a leading non-custodial Web3 wallet, has officially launched Bitget Wallet Alpha, a mobile-native discovery engine that enables users to capture trading opportunities with speed, simplicity, and security. Bitget Wallet Alpha helps users identify high-potential tokens early and act instantly, transforming onchain alpha discovery into a one-click trading experience directly within the wallet.

    Built for retail onchain trader, Bitget Wallet Alpha removes the complexity of scattered dashboards and disjointed analytics tools. Instead, it delivers a unified alpha hub where users can scan real-time token alerts, assess potential gain multipliers, and execute cross-chain swaps with a single tap. The new release includes standout features such as max gain tracking, 5-minute buy spike indicators, and a curated Hot Picks leaderboard powered by wallet and network data. The product is fully integrated into Bitget Wallet’s multi-chain infrastructure, enabling seamless trading across over 130 blockchains.

    Bitget Wallet Alpha is designed to give users an edge in volatile and fast-moving token markets, especially in early-stage sectors. It surfaces trading signals based on key indicators such as notification volume, alert timing, token market cap, and short-term buy momentum. Users can instantly assess a token’s health with built-in security checks and jump into trades using stablecoins like USDT and USDC or native assets like ETH and SOL. The integration of real-time alerts with one-click execution eliminates the delays typical of web-based dashboards or third-party trading tools, empowering users to respond to market shifts the moment they occur.

    The Alpha experience reflects Bitget Wallet’s broader vision to create a wallet that is more than just a storage tool—it’s a trading cockpit for the next generation of onchain users. With a mobile-first interface, direct Super DEX integration, and a clear focus on simplicity and execution, Bitget Wallet Alpha stands apart from traditional research-heavy tools. Where competitors offer fragmented insights or require users to switch between apps, Bitget Wallet Alpha enables discovery, evaluation, and action, all in one place—tailored for both speed and accessibility.

    Our mission is to make alpha discovery accessible to everyone—whether you’re a casual meme trader or serious degen hunting the next big thing,” said Alvin Kan, COO of Bitget Wallet. “With Bitget Wallet Alpha, users no longer have to choose between complexity and performance. They can catch trends, assess risk, and trade—all within seconds, directly in their wallet. This is a major step toward building the ultimate wallet for the onchain era.”

    For more information, visit Bitget Wallet blog.

    About Bitget Wallet
    Bitget Wallet is a non-custodial crypto wallet designed to make crypto simple, seamless and secure for everyone. With over 60 million users, it brings together a full suite of crypto services, including swaps, market insights, staking, rewards, a DApp browser, and crypto payment solutions. Supporting 130+ blockchains, 20,000+ DApps, and a million tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges. Backed by a $300+ million user protection fund, it ensures the highest level of security for users’ assets.
    For more information, visit: XTelegramInstagramYouTubeLinkedInTikTokDiscordFacebook
    For media inquiries, please contact media.web3@bitget.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2ba0b2bd-181d-4b69-9924-16bb76c79310

    The MIL Network

  • MIL-OSI: Annual Report for the period ended 31 December 2024 and Notice of Meeting

    Source: GlobeNewswire (MIL-OSI)

    Octopus Future Generations VCT plc

    Annual Report for the period ended 31 December 2024 and Notice of Meeting

    Further to the announcement of annual results for the period ended 31 December 2024, Octopus Future Generations VCT plc (the ‘Company’) announces that the Annual Report has been posted or otherwise made available to shareholders. A copy of the Annual Report is also available to view on the Company’s website at http://www.octopusinvestments.com

    The Annual Report includes the Notice of Meeting for the Annual General Meeting of the Company to be held on 4 June 2025.

    The Annual Report, together with the Form of Proxy, has been submitted to the Financial Conduct Authority’s Electronic Submission System and is available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

    For further information please contact:

    Rachel Peat
    Octopus Company Secretarial Services Limited
    Tel: +44 (0)80 0316 2067

    LEI: 213800AL71Z7N2O58N66

    The MIL Network

  • MIL-OSI: Be Strategic in the Modern Financial Landscape with AI at the Core: Bectran to Feature AI and RPA at Credit Congress

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 07, 2025 (GLOBE NEWSWIRE) — Bectran, Inc., the industry leader in order-to-cash automation, is proud to return as an exhibitor and Silver Sponsor at this year’s Credit Congress & Expo, hosted by the National Association of Credit Management (NACM). Held May 17-21 in Cleveland, the 129th Credit Congress Conference brings together financial professionals from all corners of the country for a packed and insightful event of all things business credit.   

    As the pace of business accelerates and economic pressures mount, the need for connected data sources has never been more urgent. Credit teams don’t just need tools anymore, they need a foundational AI core that gives them continuous live data insights to make faster and strategic credit decisions. Bectran is addressing this head-on, guiding credit teams in operationalizing real-time data with AI and RPA for growth and proactive risk management.

    On Sunday, May 18, from 1-1:20 p.m., Bectran’s Product and Implementation Manager, David Reinauer and Business Development Manager, Sean McCaffrey, will present at the Solution Hub (Booth #109) “The Current State of Automation: AI, RPA, and the Credit Department”, fueling credit teams with practices to embed into their operations and leading playbooks to keep moving forward.

    What You’ll Learn: 

    • How leading credit teams are using AI and RPA to streamline workflows and implement real time data for confident decisions.
    • Where companies implement automation to cut DSO, accelerate processing orders on hold, and strengthen fraud prevention.
    • Practical steps to elevate your O2C strategy and build a risk control framework for scalable growth.

    “When you remove the bottlenecks—manual reviews, disconnected data, slow approvals—you give credit teams room to think, act, and lead. We’re not just speeding things up, we’re helping companies make decisions they trust, even under pressure,” says David Reinauer, Bectran’s Product and Implementation Manager. 

    Throughout the event, visitors to Booth #517 will get a firsthand look at how Bectran embeds automation and AI/RPA into the core of the O2C lifecycle to create a connected ecosystem of data intelligence. From real-time risk analysis and consolidated workflows to streamlined approvals and payment processing, Bectran equips teams with speed, intelligence, and control they need to operate in today’s high stakes volatile environment.

    For credit professionals navigating uncertainty or preparing for growth, the message is clear: modern credit management starts with better data, smarter tools, and the confidence to act quickly. Bectran is helping companies get there—one intelligent decision at a time.

    To learn more, stop by Booth #517 or visit www.Bectran.com.

    About Bectran
    Bectran is the creator of Intelligent CreditOps—an enterprise-grade solution that modernizes the core of credit, collections, and receivables. While most finance tools are fragmented or retrofitted, Bectran offers a unified foundation, purpose-built to automate routine and deeply analytical processes, connect real-time data, and scale credit operations with confidence.  

    Trusted by finance teams at every stage of growth—from mid-market leaders to Fortune 100 enterprises—Bectran replaces manual, error-prone processes with intelligent, adaptable workflows across the order-to-cash cycle, giving companies the clarity, control, and confidence to drive growth without increasing risk.

    Contact
    Jessica Porco
    pr@bectran.com

    The MIL Network

  • MIL-OSI: BitMart’s Global Growth Vision: Empowering Users and Transforming the Trading Ecosystem

    Source: GlobeNewswire (MIL-OSI)

    Jersey City, NJ, May 07, 2025 (GLOBE NEWSWIRE) — BitMart, a leading global digital asset trading platform, proudly introduces three pioneering programs—Slippage Protection, Elite Trader, and Global Community Partner. These initiatives are designed to offer a safer and more rewarding trading experience for millions of users worldwide. With the support of BitMart’s advanced third-generation trading engine, the platform reaffirms its strong commitment to technological innovation, user trust, and a service-first approach, aiming to position BitMart as the most advantageous and user-value-driven trading platform in the industry.

    A Milestone Year: Seven Years of Excellence

    Celebrating seven years of growth, BitMart reflects on its journey to becoming a top-ranked exchange on CoinGecko, supporting users across 1,700+ trading pairs. BitMart is accelerating its global presence and redefining trading with cutting-edge technology and user-focused initiatives.

    “Our seventh anniversary represents both our proud legacy and our commitment to future growth,” stated Nenter Chow. “With our Trading Protection Plan, BitMart is dedicated to empowering users with exceptional security, unparalleled opportunities, and a more inclusive crypto trading ecosystem.”

    Slippage Protection Program: Confidence in Every Trade

    Understanding the risks traders face due to market volatility, BitMart introduces its pioneering Slippage Protection Program, designed specifically for users trading USDT-margined perpetual contracts. The program offers up to 1,000 USDT compensation for losses caused by technical disruptions or liquidity issues. Traders can now confidently execute strategies without concern for unexpected slippage, setting a new industry standard in reliability and user assurance.

    Elite Trader Program: Maximizing Earnings for High-Performing Traders

    The Elite Trader Program is designed for top-tier traders, offering a unique opportunity to earn up to 50% in performance-based incentives, along with comprehensive operational support and exclusive marketing resources. This program enables traders to amplify their earnings, expand their reach, and play a key role in fostering a dynamic and thriving trading community.

    Global Community Partner Program: Strengthening Global Connections

    BitMart’s Global Community Partner Program aims to deepen relationships within the crypto community by rewarding partners and content creators with up to 60% spot trading commission and up to 70% futures trading commission, official platform recognition, and customized marketing tools. This initiative fosters global collaboration, boosting community engagement and creating opportunities for sustainable growth.

    Commitment to Technology and Trust

    Powered by its advanced third-generation trading engine and strategic partnerships with industry-leading liquidity providers, BitMart’s Trading Protection Plan ensures smooth, secure, and efficient trading experiences. BitMart remains dedicated to technological innovation and building trusted global partnerships, reinforcing its position as the premier trading platform.

    About BitMart

    BitMart is a premier global digital asset trading platform with more than 10 million users worldwide. Consistently ranked among the top crypto exchanges on CoinGecko, BitMart offers over 1,700 trading pairs with competitive fees. Committed to continuous innovation and financial inclusivity, BitMart empowers users globally to trade seamlessly. Learn more about BitMart at Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere.

    Disclaimer: The information provided is for informational purposes only and should not be considered a recommendation to buy, sell, or hold any financial assets. All information is provided in good faith. However, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of such information.

    All crypto investments, including earnings, are highly speculative in nature and involve substantial risk of loss. Past, hypothetical, or simulated performance is not necessarily indicative of future results. The value of digital currencies can go up or down and there can be a substantial risk in buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial circumstances, and risk tolerance. BitMart does not provide any investment, legal or tax advice.

    The MIL Network

  • MIL-OSI Global: Aaliyah’s turn as a vampire in the nu-metal film Queen of the Damned is an often-overlooked part of her legacy

    Source: The Conversation – UK – By Francesca Sobande, Reader in Digital Media Studies, Cardiff University

    Black women’s influence on metal and connected sub-genres is still often overlooked. As part of my research into Black women in pop culture, I’ve looked at the relationship between race, gender, onscreen portrayals of immortality and nu-metal.

    Nu-metal, popularised in the early 2000s, is known for combining the mood of metal with riffs and hues of rap and hip-hop. The genre drew on the creativity of Black artists, singers and musicians across different genres and generations.

    My research on this has involved reflecting on the nu-metal-themed film Queen of the Damned (2002), based on Anne Rice’s enduring Vampire Chronicles books. It starred the singer Aaliyah as the powerful vampire Akasha. It was to be her final acting role before her death aged just 22. Shortly before, she had also signed to appear in the sequel to The Matrix, another nu-metal franchise.


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    Aaliyah doesn’t sing in Queen of the Damned, but her hip-hop stardom is still central to the film, as is suggested by the emphasis on her image in its marketing. Aaliyah being foregrounded in a nu-metal film, paired with the limited dialogue and plot development of her character, reflects how Black women in alt and rock music and accompanying media are sometimes treated as simply there to be seen, not heard.

    With a 17% “tomatometer” score on Rotten Tomatoes and a 2.8 star ranking on Letterboxed, Queen of the Damned is generally seen as a flop. But despite this, the film remains influential, particularly due to Aaliyah’s poised presence as a hip-hop star in a fictional and vampiric nu-metal world.

    The character of Akasha can be criticised for representing stereotypical ideas of Black women as being dangerously seductive. Still, Aaliyah’s portrayal made an impression.

    Aaliyah in a scene from Queen of the Damned.

    In recent years the film has received renewed attention, sparked by the resurgence of nu-metal and the creation of the AMC TV show Interview with the Vampire (2022-present). Its much anticipated third season is due to include Akasha. This has led to some fans calling for her to be played by hip-hop artist Megan Thee Stallion. The rapper made a Paris Fashion Week appearance in 2025 in an outfit that harked back to Aaliyah’s performance as Akasha.

    This demonstrates that part of Aaliyah’s ongoing impact is the way she established the character of Akasha as canonically connected to hip-hop.

    More than ‘seen, not heard’

    Understandably eclipsed by her wider work, Queen of the Damned is not focused on in many ways Aaliyah is memorialised. But, for me, her involvement in the film symbolises how Black women’s creativity and coolness is leveraged by music genres and their media marketing.

    Aaliyah in 2000.
    Wiki Commons, CC BY-SA

    When remembering Aaliyah’s cultural influence, her multifaceted role in the new millennium and nu-metal landscape must be meaningfully acknowledged. More than that, how all Black women in music are publicly memorialised must involve more care and recognition of their important work across, between and beyond genres.

    When news spread of the death of Roberta Flack in February, her fans took to social media to mourn her loss. Legend, musician, singer, teacher – those were just some of the many words used in online posts rightly celebrating her life.

    But as layla-roxanne hill and I discuss in our new book, Look, Don’t Touch: Reflections on the Freedom to Feel, memorialising people as “icons” sometimes reduces or reframes who they were to little more than symbols and soundbites. There should be space to name Black women’s impact on music and society, but in ways that affirm the multitudes of their lives.

    This is touched on in the documentary TLC Forever (2023), as is society’s disregard for the grief experienced by Black women such as TLC members Rozonda Thomas and Tionne Watkins. Following the death of their friend and band member Lisa “Left Eye” Lopes in a bus crash aged 30, they faced pressures to push forward with releasing music while grieving.

    Another documentary, 20 Feet from Stardom (2013), also illuminated the inequalities faced by Black women singers. Their signature sounds propel the success of many genres, but they seldom benefit from this in substantial and sustained ways.

    The trailer for TLC Forever.

    The way the tragic death of Aaliyah was treated is a case in point. The R&B and hip-hop singer died in a plane crash in August 2001. Media headlines mounted, including coverage that referred to “her movie debut last year”, but which did not discuss that role or her broader acting work.

    It may be impossible for any memorial message to fully express and appreciate someone’s essence. However, the ways that Black women are remembered (and forgotten) in society are shaped by the specifics of misogynoir – the interconnected effects of racism, sexism and misogyny.

    Black women are so much more than the binary narratives projected onto them – strong versus soft, young versus old, singer versus actor, survivor versus victim and living versus dead. As the title of one of Aaliyah’s own songs conveys, she was More Than a Woman.

    Francesca Sobande received Impact Acceleration funding from UKRI in 2024, towards a project on “The Cultural Memory and Archived Experiences of Black People in ‘Alternative’ Music Subcultures”, in collaboration with the Museum of Youth Culture.

    ref. Aaliyah’s turn as a vampire in the nu-metal film Queen of the Damned is an often-overlooked part of her legacy – https://theconversation.com/aaliyahs-turn-as-a-vampire-in-the-nu-metal-film-queen-of-the-damned-is-an-often-overlooked-part-of-her-legacy-251860

    MIL OSI – Global Reports