Category: Business

  • MIL-OSI Asia-Pac: Secretary, DFS reviews performance of Regional Rural Banks (RRBs) and progress on amalgamation plan

    Source: Government of India

    Secretary, DFS reviews performance of Regional Rural Banks (RRBs) and progress on amalgamation plan

    Shri. M. Nagaraju urges RRBs to leverage its lending in Agriculture and allied activities, MSME and Government sponsored schemes

    Posted On: 05 MAY 2025 7:25PM by PIB Delhi

    Sh. M. Nagaraju, Secretary, Department of Financial Services, Ministry of Finance, reviewed performance of Regional Rural Banks (RRBs) and progress on amalgamation plan in Mumbai.

    Chairman, NABARD and officials of DFS, Sponsor banks, SIDBI, Reserve Bank of India and Chairpersons of all RRBs were also present.

     

    With the implementation of One State-One RRB, RRBs have been urged to leverage its lending in Agriculture and allied activities, MSME and Government sponsored schemes. RRBs have grown in their reach to more than 22,000 branches, covering 700 districts of the country and more than 92% of its branches are in rural/semi urban areas. RRBs have recorded consolidated net profit of ₹7,148 crore in FY 2024-25. Gross Non-Performing Assets (GNPA) has reached a new low of 5.3%, lowest in a decade period. Secretary, DFS urged the rural banks to continue to focus on their amalgamation process and long-term sustainability.

     

    Secretary, DFS asked Sponsor Banks to guide RRBs in their amalgamation process and provide level playing field for long term sustainability. Sponsor banks should continue to facilitate technology upgradation in RRBs and to complete integration process adhering to the strict timelines of 30-09-2025. He also suggested Sponsor Banks and RRBs to also address HR related issues emerging in the process.

     He asked sponsor banks and RRBs to recognize the challenges that lie ahead. Sponsor banks in consultation with RRBs to draft a roadmap for RRBs for next 5 years.

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  • MIL-OSI Asia-Pac: India’s first mortgage backed Pass Through Certificates listed on the National Stock Exchange

    Source: Government of India

    India’s first mortgage backed Pass Through Certificates listed on the National Stock Exchange

    Secretary, DFS stresses the importance of housing sector and the housing finance sector for the growth of the economy

    Posted On: 05 MAY 2025 7:21PM by PIB Delhi

    Shri M. Nagaraju, Secretary, Department of Financial Services, Ministry of Finance listed India’s first Mortgage backed Pass Through Certificates (PTC) structured by RMBS Development Company Limited on the National stock Exchange on 05 May 2025.  Listing was done by Shri M. Nagaraju by ringing the bell. The listing ceremony was attended by several Heads of Banks, Housing Finance Companies and other financial institutions.

    These PTCs are backed by pool of housing loans originated by LIC Housing Finance Limited. The issue of Rs. 1,000 crores (1,00,000 PTCs of Face value of Rs. 1,00,000/-). was fully subscribed.

    This is the first issue of a PTC where the coupon was discovered on the “Electronic Book Provider (EBP)“ platform of the National Stock Exchange. The final maturity of the PTC issued will be nearly twenty years and the coupon is 7.26% per annum. The rating of the Instrument is AAA(SO) by CRISIL and CARE Ratings. These PTCs are issued in demat form and are transferable. As the PTC is listed on a stock exchange, they can be traded in the secondary market.

    Speaking on the occasion, Shri Nagaraju stressed the importance of housing sector and the housing finance sector for the growth of our economy. He stated that housing finance has many forward and backward linkages with many other industries including the infrastructure. With a country of such vast population, housing needs have to be addressed at the earliest to achieve overall economic development.

    He stated that securitization can act an integrating factor for housing finance market and the debt market. Reiterating the importance of RMBS, he stated that it could act as a catalyst for the growth of the housing finance sector.

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  • MIL-OSI Asia-Pac: NCA-F Hosts Workshop on AI Standards for Telecommunications & ICTs

    Source: Government of India

    NCA-F Hosts Workshop on AI Standards for Telecommunications & ICTs

    BIMSTEC Nations and Global Experts Convene to Shape Ethical, Inclusive AI Standards

    India Aims to Lead in both AI Standardization and Manufacturing, affirms Member (F), DCC ,Sh Manish Sinha

    Shri Indra Mani Pandey, Secretary General of BIMSTEC: “Regional collaboration on AI standards is not optional—it is essential for ensuring that emerging technologies serve our collective development goals”

    Ms. Atsuko Okuda, Regional Director for Asia Pacific, ITU, stresses that standards are key enablers of trust, innovation, and sustainability

    Posted On: 05 MAY 2025 6:17PM by PIB Delhi

    A four-day workshop on “AI Standards for Increasing the Efficiency of Telecommunications & ICTs: Shaping the Future Responsibly” was inaugurated today at the National Communications Academy–Finance (NCA-F) in New Delhi. Organized jointly by the International Telecommunication Union (ITU) Area Office & Innovation Centre and the NCA-F, Department of Telecommunications (DoT), Government of India, the event brings together participants from BIMSTEC countries—Bangladesh, Bhutan, Nepal, Sri Lanka & India— and Maldives; alongside international experts, regulators, industry associations, startups, and academia to collaborate on building trustworthy and globally harmonized AI standards for telecommunications and ICT.

     

    The inaugural session featured keynote addresses by eminent dignitaries, including Shri Manish Sinha, Member (Finance), DCC, DoT; Ms. Atsuko Okuda, Regional Director for Asia Pacific, ITU; Shri Indra Mani Pandey, Secretary General, BIMSTEC, and Ms. Madhavi Das, Director General, NCA-F. The session set the tone for a forward-looking discussion on AI’s role in shaping the future of digital infrastructure & Bridging the Standardization Gap.  

       

    Delivering the keynote address, Shri Manish Sinha, Member (Finance), DCC, DoT, welcomed the participants and praised the collaborative efforts between NCA-F and the ITU Area Office, recognizing it as a model of institutional partnership. He acknowledged the significance of guests staying on campus, which fosters closer interaction and deeper engagement, enhancing the quality of participation throughout the workshop. He also emphasized the critical importance of consensus within the ITU framework for developing AI standards that are both inclusive and globally harmonized, ensuring that these technologies benefit all nations. He also spoke about India’s commitment to economic inclusivity, particularly through initiatives like Digital Bharat Nidhi.

    Furthermore, Shri Manish Sinha highlighted India’s dual focus on advancing AI standardization while also strengthening its manufacturing sector. He underscored the Telecommunication Engineering Centre’s (TEC) pivotal role in promoting ethical AI development through fairness assessments and rating mechanisms and acknowledged the valuable contributions of TSDSI in creating technical standards that ensure AI systems are secure, interoperable, and globally aligned.

    He urged all participants to engage actively in shaping practical AI standards, build strong cross-border partnerships, and envision future-ready, ethical AI applications that can accelerate sustainable development. He expressed confidence that the workshop would serve as a launchpad for regional cooperation and innovation in AI-driven telecom and ICT solutions.

    Shri Indra Mani Pandey, Secretary General of BIMSTEC, through a recorded message, reinforced the importance of multilateral collaboration: “Regional collaboration on AI standards is not optional—it is essential for ensuring that emerging technologies serve our collective development goals,” he said. “By investing in standards today, we secure a future where AI can drive growth across all our member nations in a responsible and interoperable way.”

    Ms. Atsuko Okuda, Regional Director for Asia Pacific, ITU, thanked BIMSTEC, NCA-F, the department of telecom, & the Government of India for hosting the workshop, emphasizing that AI has moved from research to everyday life, with a projected $15 Trillion contribution to the global economy by 2030. She highlighted the workshop’s aim to develop inclusive, interoperable, and responsible AI standards, and stressed that standards are key enablers of trust, innovation, and sustainability.

    Ms. Madhavi Das, Director General, NCA-F, in her Welcome Address emphasized, “AI is a transformational force—but without strong, inclusive standards, it risks leaving many behind.” She highlighted NCA-F’s collaboration with the ITU Local Area Office to bridge the standardisation gap through stakeholder workshops, adding, “Standardization is not just a technical process; it is a commitment to safety, ethics, and equitable access in a rapidly evolving digital world.”

    The Director General, NCA-F, also stressed the importance of participative engagement and ethically grounded contributions from all member states to ensure equity in AI standardization. Reflecting India’s ethos of ‘Atithi Devo Bhava’. She warmly welcomed participants and underscored the value of mutual respect and knowledge-sharing.

    Over the four days, the workshop will feature simulation exercises, expert panels, country presentations, hands-on sessions on drafting and negotiating technical contributions, and field visits.

    About NCA-F

    NCA–Finance (NCA-F), part of Department of Telecommunication’s National Communication Academy,  is an UTKRISHT-graded premier Central Training Institute, recognized by the Department of Personnel & Training (DoPT). It provides induction and in-service training to officers of the Indian Posts & Telecom Accounts and Finance Service (IP&TAFS) and other officials across DoT and DoP. NCA-F’s core training areas include telecom policy, spectrum management, revenue assurance, USOF projects, financial regulations, and digital inclusion. It also emphasizes leadership and soft skills development, and regularly hosts national and international workshops in collaboration with institutions like ITU, WHO, TRAI, RBI Staff College, LBSNAA, and IIT Bombay.

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  • MIL-OSI Asia-Pac: Dr. Jitendra Singh Reviews DST Projects, Calls for AI led innovations, Support for Deep-Tech Startups

    Source: Government of India

    Dr. Jitendra Singh Reviews DST Projects, Calls for AI led innovations, Support for Deep-Tech Startups

    Minister Champions India’s Own AI Open Stack to Propel Nation into Global Science Leadership

    Dr. Jitendra Singh Urges ANRF to Help Medical Colleges Set Up Research Parks to Boost Clinical Innovation

    Posted On: 05 MAY 2025 4:53PM by PIB Delhi

    Union Minister of State (Independent Charge) for Science and Technology; Earth Sciences and Minister of State for PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr. Jitendra Singh on Monday chaired a comprehensive review of the Department of Science and Technology (DST), calling for bold new directions in science-driven growth, including AI-led innovations, deep tech StartUps and enhanced infrastructure sharing.

    The meeting saw the Minister focus particularly on the evolving role of the newly constituted Anusandhan National Research Foundation (ANRF), as well as ongoing national missions like the Geospatial initiative.

    Dr. Jitendra Singh held detailed discussions with Prof. Abhay Karandikar, ANRF’s newly appointed CEO, Dr. Shivkumar Kalyanaraman and other senior officials of the Ministry. During the meeting, Dr. Kalyanaraman presented an ambitious vision for the ANRF, promising catalytic funding mechanisms, deep integration with private industry, and strategic missions modeled on globally successful institutions such as the National Science Foundation (NSF) and DARPA.

    In a significant step aimed at boosting indigenous innovation, ANRF is preparing to launch a “Small Business Deep Tech Innovation” programme, which will empower startups and MSMEs to scale breakthrough technologies for real-world applications.

    Recognizing the need to better utilize existing national research infrastructure, the Minister reviewed ANRF’s plan to create a “Cloud of Research and Innovation Infrastructure,” a digital platform that would offer deep-tech startups and academic institutions access to underused scientific equipment and facilities across the country. This move is expected to democratize research capabilities, especially for smaller players who often lack access to high-end lab tools.

    Among the major scientific thrusts discussed, the ANRF’s “AI-for-Science” initiative took centre stage. The programme aims to leverage artificial intelligence to accelerate discoveries in physics, chemistry, and biology by using machine learning to model complex scientific equations.

     The Minister directed the ANRF leadership to kickstart a few select projects under this initiative and demonstrate tangible outcomes in the near term. He also encouraged the CEO to engage with university Vice Chancellors to raise awareness about the ANRF mission and opportunities for collaboration.

    In another key direction, Dr. Jitendra Singh asked the ANRF to explore the possibility of helping medical colleges establish their own medical research parks — a move that could boost clinical innovation and local biotech entrepreneurship. The Minister further underscored the importance of building an indigenous “India AI Open Stack” — a foundational AI architecture embedded with science and engineering models tailored for Indian researchers. This, he noted, could position India as a global frontrunner in AI-driven scientific applications.

    Dr. Jitendra Singh also revisited the concept of “deep science-to-deep tech acceleration,” urging the ANRF to focus on converting academic research — such as publications and patents — into commercial technologies. He emphasized the need for partnerships with top-tier industry players and the creation of venture-builder models to ensure that discoveries don’t remain confined to laboratories.

    The Minister concluded by asking the ANRF to prioritize key areas of national relevance, including climate forecasting, material science, aerospace, biochemistry, and drug development. He stressed that the time has come for India to move from isolated innovation to a more integrated, impact-driven ecosystem that links research, startups, and industry.

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  • MIL-OSI USA: ICYMI: Shaheen Joins Senior Senate Colleagues in Demanding Investigation into Elon Musk’s Alleged Abuse of White House Position for Personal Gain

    US Senate News:

    Source: United States Senator for New Hampshire Jeanne Shaheen
    **Shaheen introduced new legislation last month that would prevent Special Government Employees like Musk from receiving federal contracts or grant payments to companies they own**
    (Washington, DC) – U.S. Senator Jeanne Shaheen (D-NH), Ranking Member of the U.S. Senate Foreign Relations Committee and a top member of the U.S. Senate Armed Services Committee, on Friday joined several of her high-ranking Senate officials in sending a letter to President Trump to demand an investigation into recent reports that Elon Musk—senior White House advisor and Special Government Employee—has used his role to advance personal business interests abroad. In the letter led by U.S. Senator Mark Warner, Vice Chairman of the Senate Select Committee on Intelligence, the lawmakers reference an alarming pattern in which Musk allegedly utilized influence in the  policy making process to pressure foreign governments—including India, South Africa, Bangladesh, Vietnam, Pakistan and Lesotho—into granting favorable treatment to his satellite internet provider Starlink in apparent exchange for U.S. policy concessions.  
    Last month, Shaheen unveiled new legislation that would prevent federal contracts or grant payments to companies owned or controlled by any person who became a Special Government Employee on or after January 1, 2025. 
    The Senators wrote, in part: “Public servants must serve Americans, not their own bank accounts. These alleged actions are an egregious breach of public trust, degrade our credibility with allies and partners, and potentially violate U.S. laws.”  
    The letter details instances of Musk meeting with foreign leaders – including those from India and Bangladesh – inside the White House complex and the Blair House, shortly before their governments fast-tracked regulatory approvals for Starlink. In one example, the Bangladesh Telecommunication Regulatory Commission issued what was described as “the swiftest recommendation” in its history for a Starlink license shortly after officials requested a delay in U.S.-imposed tariffs and met with Musk on White House grounds. 
    The Senators continued: “The White House and the Blair House are not merely buildings – they are enduring symbols of American democracy and service. To use this public property for personal enrichment is not only a betrayal of the public trust – it also sends a dangerous signal that power is not a solemn responsibility, but an asset to be exploited for personal gain.” 
    They concluded: “Brazen corruption of that sort is seen in despotic regimes, not the United States of America. We call for you to investigate these claims about Musk and to make public any findings. And we call for an accounting to Congress of Musk and his associates’ use of government positions for personal benefit.” 
    Click here to view the letter. 
    In addition to Shaheen and Warner, the letter was signed by Senators Elizabeth Warren (D-MA), Ranking Member, Senate Committee on Banking, Housing, and Urban Affairs; Ron Wyden (D-OR), Ranking Member, Senate Finance Committee; Patty Murray (D-WA), Vice Chair, Senate Appropriations Committee; Jeff Merkley (D-OR), Ranking Member, Senate Budget Committee; Jack Reed (D-RI), Ranking Member, Senate Armed Services Committee; Chris Coons (D-DE), Ranking Member, Senate Appropriations Subcommittee on Defense; Brian Schatz (D-HI), Ranking Member, Senate Appropriations Subcommittee on State, Foreign Operations, and Related Programs; Ed Markey (D-MA), Ranking Member, Senate Committee on Small Business and Entrepreneurship; Sheldon Whitehouse (D-RI), Ranking Member, Senate Committee on Environment and Public Works; Amy Klobuchar (D-MN), Ranking Member, Senate Agriculture Committee; and Richard Blumenthal (D-CT), Ranking Member, Senate Committee on Homeland Security and Government Affairs Permanent Subcommittee on Investigations. 

    MIL OSI USA News

  • MIL-OSI USA News: National Small Business Week, 2025

    Source: The White House

    class=”has-text-align-center”>BY THE PRESIDENT OF THE UNITED STATES OF AMERICA

    A PROCLAMATION

    Small businesses power our economy from the ground up, driving innovation and building products that keep America strong, competitive, and secure.  During National Small Business Week, we celebrate the unyielding spirit, creativity, and perseverance of our hardworking entrepreneurs who dare to dream big.

    Small businesses are vital to our economy.  America has 33 million small businesses that employ 61.7 million Americans — nearly half of the private-sector workforce — and create almost two out of every three new jobs in the country. 

    In recent years, small business owners have faced unprecedented challenges — record high inflation, reckless Federal spending, and burdensome regulations — yet have remained committed to delivering for America’s communities. 

    Small businesses across the country have also carried the burden of a broken global trade system for far too long.  Originally designed after World War II to support recovery in war-torn nations, it is now exploited by foreign competitors.  They flood our markets with cheap goods while shutting out quality American products. 

    Too many in our Government were afraid to tackle this problem.  Now, at last, my Administration is fixing it.  On Liberation Day, we implemented targeted tariffs to protect American businesses from unfair trade practices and to strengthen local supply chains.  We are putting American people first and delivering long-overdue relief for our workers and entrepreneurs. 

    My Administration is unleashing a new era of opportunity for small businesses built on common sense and pro-growth policies that put our workers and our job creators first.  We are cutting red tape, keeping taxes low, promoting fair and reciprocal trade practices, and fighting for hardworking Americans.

    The Made in America Manufacturing Initiative is creating good-paying jobs and securing our supply chains, while cutting $100 billion in regulations that disproportionately burden small businesses and manufacturers.  Free from crippling compliance and regulatory hurdles, we are empowering our businesses to focus on what they do best:  business.

    Entrepreneurship is the foundation of a free and prosperous Nation and the engine of the American economy — built by men and women who work hard, take risks, and believe in the power of the American Dream.  From our fields to our factories to the frontiers of technology, our small businesses embody the American spirit, driving growth and creating new employment opportunities.  Our history of ingenuity and grit is unrivaled, and by renewing our support of small businesses, we are raising wages, strengthening American families, and leading our country and the world into a new Golden Age.

    NOW, THEREFORE, I, DONALD J. TRUMP, President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim May 4 through May 10, 2025, as National Small Business Week.  I call upon all Americans to recognize the critical contributions of America’s entrepreneurs and small business owners as they grow our Nation’s economy.

    IN WITNESS WHEREOF, I have hereunto set my hand this fifth day of May, in the year of our Lord two thousand twenty-five, and of the Independence of the United States of America the two hundred and forty-ninth.                              

    DONALD J. TRUMP

    MIL OSI USA News

  • MIL-OSI USA: Fischer on Senate Floor: Congress Must Pass the Foreign Adversary Communications Transparency Act

    US Senate News:

    Source: United States Senator for Nebraska Deb Fischer
    Today, during a speech on the Senate floor, U.S. Senator Deb Fischer (R-Neb.) called on her colleagues to pass her Foreign Adversary Communications Transparency (FACT) Act – approved by the Senate Commerce Committee last week – which will require the Federal Communications Commission (FCC) to publicly identify entities that hold FCC licenses, authorizations, or other grants of authority that are owned, wholly or partially, by foreign adversarial governments.
    In her remarks, Fischer highlights the threats the United States faces from companies with strong ties to foreign adversaries. She specifically calls out Huawei, a major global supplier of cellphone network equipment, citing its troubling and potentially dangerous access to critical communications infrastructure.
    Click the image above to watch a video of Fischer’s remarks.
    Click here to download audio 
    Click here to download video
    Following is a transcript of Fischer’s remarks as prepared for delivery:M. President,
    Last week, my bill, the Foreign Adversary Communication Transparency Act—or FACT Act— cleared the Commerce Committee unanimously. Now, it will come before us here, on the Senate floor, for a vote.
    I stand before you today because the threat our foreign adversaries pose is not a distant concern. It is real, it is relentless, and it is constantly evolving.
    We cannot afford to wait and deal with the consequences. The cost of inaction is too great.
    Congress must anticipate the threats and we must work together to curb the malign influence of foreign adversaries like Communist China, Russia, Iran, and North Korea.
    For too long now, we have allowed foreign adversarial governments to secure a silent foothold in our telecommunications infrastructure.
    Take, for example, Huawei.
    Huawei, a Chinese-owned telecommunications giant, is one of the leading producers of cellphone network equipment. This equipment spans across our country and finds its home in most of our cellular devices.
    Over a decade ago, our intelligence agencies began noticing a peculiar pattern of Huawei equipment on cell towers across my home state of Nebraska, as well as nearby Colorado and Montana. That Chinese gear was clustered near sensitive military assets, including Nebraska’s Offutt Air Force Base and our nuclear missile silos.
    Then, just four years ago, U.S. intelligence officials sounded the alarm. Their investigations found that Huawei could secretly access mobile phone networks around the world through “back doors” – unbeknownst to carriers.
    And perhaps even more concerning: Huawei has had this capability for more than a decade.
    And, Huawei’s ownership is bankrolled by billions of dollars from the Chinese government.
    What government freely hands over that kind of money without expecting something in return?
    Despite being based in China and having deep connections to the Chinese Communist Party—as confirmed by the U.S. intelligence community—the company continues to refuse to acknowledge the Chinese government’s influence.
    However, in 2020, under President Trump’s administration, the Federal Communications Commission designated Huawei as a national security threat and banned the sale of its telecommunications equipment in the United States. This past December, Congress also secured the remaining funding to enable smaller, rural communications companies to rip risky Chinese-made equipment out of their networks.
    In 2022, the Justice Department charged two Chinese intelligence officers with an unsettling crime: attempting to obstruct a federal investigation into Huawei by stealing sensitive case material from a U.S. District Attorney’s office.
    Colleagues, I pose to you this question: Why would the Chinese government go to such lengths to interfere in a case involving a so-called ‘private company’ in which they have no stake? They wouldn’t.
    While recent actions to curtail Huawei equipment, and those from other high-risk Chinese firms, are steps in the right direction, they don’t go far enough.
    We must have far greater transparency about which companies holding federal communications licenses and authorizations also have influential ties to foreign adversarial governments.
    And we must look deeper at: Who has this access? And, how many more companies like Huawei are out there?
    Companies like Huawei must be stopped. We can no longer permit authoritarian regimes, like China, to infiltrate our networks and lurk in the shadows, waiting for the opportune moment to strike. It is not enough to brace ourselves for the aftermath of disaster. We must root out the threat before it has time to fester.
    The reality is that our foreign adversaries have stakes in numerous companies operating freely and legally within the United States.
    Yet, in many cases, the public remains unaware of which companies are owned – wholly or partially – by these adversaries.
    That’s why, today, I call upon the Senate to pass my FACT Act, which takes a much-needed step to strengthen our visibility into our telecommunications market to weed out that access we have seen from malicious foreign adversaries.
    Because the first step in defending our national security is understanding the threat.
    My bill directs the Federal Communications Commission to publicly identify any companies – with an FCC license or authorization – that are owned by foreign adversarial governments. Under the FACT Act, companies with foreign ties will no longer be able to operate in secrecy. And they will no longer be able to conceal their financial backers or obscure their true loyalties.
    Huawei should serve as a warning. China is on the offensive, to undermine the security of America’s communications. An attack on our networks is a direct attack on the United States, and it is not one we should tolerate.
    Thank you, M. President, I yield the floor.

    MIL OSI USA News

  • MIL-OSI USA: On Senate Floor, Warren Stands Up for Seniors, Fights Back Against Trump Social Security Nominee

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren
    May 05, 2025
    “Frank Bisignano will rubber-stamp Trump and Musk’s attack [on Social Security]…He’ll let them keep slashing services and threatening benefits. That will hurt people everywhere.”
    Video of Floor Speech (YouTube)
    Washington, D.C. — Ahead of the Senate vote to confirm Frank Bisignano as Commissioner of the Social Security Administration (SSA), U.S. Senator Elizabeth Warren (D-Mass.) took to the Senate floor in opposition, warning that he will “rubber-stamp Trump and Musk’s attack” on Social Security. 
    Senator Warren defended Social Security, saying it is “more than just a retirement program — it’s insurance.” 
    “Donald Trump and Elon Musk want to rip that protection away. Two people who don’t have the slightest clue how much Social Security means to families are threatening Americans’ benefits in order to pay for giant tax cuts for billionaires,” said Senator Warren. 
    Senator Warren also read stories from concerned Social Security recipients and their families into the Congressional record. She highlighted stories of people worried they won’t be able to make rent, pay for life-saving medical treatment, or pay for groceries, due to Trump and Musk’s attacks on Social Security. 
    “Frank Bisignano has made clear he won’t stop the chaos and harm. That’s wrong — and on behalf of every single American who counts on Social Security, I’m voting no,” Warren concluded. 
    Transcript: Floor Speech Opposing the Confirmation of Frank BisignanoU.S. Senate Floor May 5, 2025
    As Prepared for Delivery
    Senator Elizabeth Warren: Donald Trump and Elon Musk are taking a chainsaw to Social Security. 
    For nearly a century, Social Security has been there for tens of millions of Americans. But Trump and Musk are threatening to tear that all down. They’re firing staff. Plotting to close down offices. Making it harder for people to get help over the phone.
    Trump’s pick to head up Social Security, Frank Bisignano, will rubber-stamp Trump and Musk’s attack. He’ll let them keep slashing services and threatening benefits. That will hurt people everywhere — from seniors who count on their monthly checks right now, to the parents of kids with a disability supported by Social Security, to every American paying into the program now for later down the line.
    And Social Security is more than just a retirement program — it’s insurance. If you’re 30 years old and get in an accident and become disabled, Social Security’s got you covered. If you have a child and something happens to you, that kid will get Social Security benefits.
    Donald Trump and Elon Musk want to rip that protection away. Two people who don’t have the slightest clue how much Social Security means to families are threatening Americans’ benefits in order to pay for giant tax cuts for billionaires.
    And since they can’t begin to imagine what that means for working people, let’s tell them.
    A few weeks ago, I posted a video explaining what Trump and Musk were doing to Social Security. The stories came flooding in. Here are just a few:
    “I’m on Social Security disability — it’s about 95% of my total income. Every month since Trump took office this year, I’ve worried about whether or not my [Social Security] payment will come as usual.”
    “I’ve had Medicare medication coverage for around 20 years, and all of [a] sudden, with Musk’s appearance, I’ve had to fight to keep it.”
    “I’ve been getting my Social Security check with zero problems for 15 years. Last night, I was so worried about me not getting a check, I stayed up to the early morning hours, to make sure it was in my account. Thanks to Trump and Musk, I worry if I will be able to pay my rent every month. Since Trump has been in office, it’s been extremely stressful.”
    “We have a son born with Down syndrome and we are now retired, depending on our Social Security for the three of us — for food, utilities, clothing, medical services, things that we worked all our lives for, only to have billionaires come in and take what little we have to live on away.”
    “I’m about to turn 65 and have had a nightmare of a time trying to even talk to a real human being at the Social Security office. It’s been just a series of dead-ends and mistakes piled atop confusion.”
    “I had cancer at 52 years old — stage 4 uterine cancer. I spent more than a year fighting cancer. I am currently 66 years old and fighting the chronic pain from the chemicals they used to treat the cancer. I rely on my Social Security to survive. What am I going to do?”
    “I’m 71 years old and work part-time as a data technician in dementia research, so my [Social Security benefits] supplement my income. I’m anxious that eventually I, too, will have my Social Security check delayed or stopped altogether.”
    “We all need Social Security to survive, as a nation. I myself have been having it drawn out of my paychecks for over 40 years but haven’t retired yet and will need it shortly. My only hope is that it is still there when I need it. We earned that right to collect this money and [will] not let a bunch of billionaires take it from us.”
    “I have worked since I was 16 years old and now I’m 71 but I still work part-time. It goes without saying that I need my [Social Security] benefits to survive and since Trump and Musk took over I don’t know from one month to the next what might happen. So scary now!”
    “I only get $25,000 yearly from Social Security, and it constitutes more than half of my income. I have a small pension from the company where I worked for 40 years. If I lose my Social Security, I’ll have to support myself and my sister [who cannot work]…I don’t have much in savings due to continuing medical expenses over the years. [We] need my Social Security to survive.”
    “I’m a [Social Security] employee and I just want to say thank you for standing up for the programs SSA runs and the beneficiaries. It is true it’s been becoming harder for people to access their benefits but also for other services such as getting their Social Security card replaced. There [are] some days where people are waiting for 8 hours just to talk to a customer service representative or they don’t even get the call back and have to call again the next day to have an issue resolved — that’s if they have the time the next day.”
    “I went to [a Social Security] office yesterday because I need[ed] to change my direct deposit for my monthly benefits. The doors were locked…all the booths were shuttered. Sign on the door said “by appointment only” and there was a number to call, which I did. The automated system put me on hold, and the recording said 15 minute wait, and after time passed, the recording said I would be helped as soon as possible, then said they were receiving higher than normal call volumes… after several rings, the recording said … leave [a] message [which I did] and someone will return your call, but that hasn’t happened yet. As I sat outside that office, another person walked up and said he heard that we have to go into the office in person to show our I.D. or lose our benefits — then realized the door was locked… Now I am very concerned that I might not get my benefits in the future…”.
    So, Trump and Musk, that is what your attack on Social Security means for Americans — more problems, and fewer people to fix them. Hours on the phone or waiting in line at an office trying to get help. All to get benefits they’ve paid into their entire working lives. That’s money they’ve earned and are owed.
    Frank Bisignano has made clear he won’t stop the chaos and harm. That’s wrong — and on behalf of every single American who counts on Social Security, I’m voting no. I encourage my colleagues to do the same.

    MIL OSI USA News

  • MIL-OSI Australia: Hungry Jack’s pays penalties for supplying toys with its children’s meals that allegedly breached the mandatory information standard for button batteries

    Source: Australian Ministers for Regional Development

    Australian fast-food franchise Hungry Jack’s Pty Ltd has paid penalties totalling $150,240 after the ACCC issued it with eight infringement notices for alleged breaches of the Australian Consumer Law by failing to comply with the mandatory button battery information standard.

    The infringement notices relate to a Garfield toy powered by button batteries that was supplied nationwide without the important warnings and information required by the mandatory information standard.

    Between 20 May 2024 and 30 May 2024, Hungry Jack’s supplied 27,850 of the Garfield toys with its children’s meals.

    While the Garfield toy complied with the button battery safety standard, it did not advise consumers that it contained button batteries, nor provide relevant warnings about the potentially fatal hazards these pose or advice about what to do if a child ingested one.

    “Button batteries are extremely dangerous for young children and tragically, children have been seriously injured or died from swallowing or ingesting them,” ACCC Deputy Chair Catriona Lowe said.

    “The ACCC continues to see non-compliant products on the market which pose unacceptable safety risks to vulnerable young children. We take non-compliance with these important standards seriously and will not hesitate to take enforcement action where appropriate.”

    The ACCC has also accepted a court-enforceable undertaking from Hungry Jack’s in which it admitted the Garfield toy is likely to have failed to comply with the button battery information standard.

    Hungry Jack’s has undertaken to establish and implement a compliance program designed to minimise Hungry Jacks’ risk of future breaches of the Australian Consumer Law.

    Millions of consumer goods worldwide contain button batteries. If swallowed, a button battery can become stuck in a child’s throat and result in catastrophic injuries, and even death, in as little as two hours. In Australia, three children have died and more than one child a month is injured from incidents involving button batteries. 

    Businesses involved in the supply of button batteries and products containing them must ensure compliance with both the mandatory safety and information standards. The safety standards require products containing button batteries to be sold in child resistant packaging and to have secure battery compartments to prevent children from gaining access to the batteries.  The information standards require warnings and emergency advice on packaging and instructions.

    Images of the Garfield toy including packaging

    Recalled product

    Hungry Jack’s has recalled the Garfield toy. Consumers can return the toy to their nearest Hungry Jack’s restaurant for a free replacement for a non-battery toy.

    ACCC guidance for businesses and consumers

    Button batteries are small, round and shiny and can be appealing for young children to swallow or insert, which poses a significant risk of serious injury or death. Compliance with the mandatory standards helps to prevent this.

    If you suspect your child has swallowed or inserted a button battery:

    • call Triple Zero (000) immediately if your child is bleeding or having any difficulty breathing
    • call 13 11 26 immediately for 24/7 fast and expert advice from the Poisons Information Centre.

    Prompt action is critical, do not wait for symptoms to develop. Serious injury can occur in as little as two hours and can be fatal.

    The ACCC strongly encourages consumers to check for button battery products in their homes and take steps to secure them to keep them safe for young children. Consumers can check the list of recalled products on the ACCC Product Safety website.

    Anyone who has experienced product safety incidents (including near misses) is strongly encouraged to report these to the supplier and to report safety concerns about particular products to the ACCC via the Product Safety website.

    Suppliers of button battery products must submit a report to the ACCC within 2 days if they become aware that a consumer good they have supplied caused or may have caused a death, serious injury or serious illness. Further information about this reporting can be found in the ACCC’s Mandatory Reporting Guideline.

    The ACCC has published a fact sheet and guide for businesses on the button battery mandatory standards to assist businesses with meeting their obligations.

    Notes to editors

    The ACCC can issue an infringement notice when it has reasonable grounds to believe a person or business has contravened certain consumer protection provisions in the Australian Consumer Law.

    The payment of a penalty specified in an infringement notice is not an admission of a contravention of the Australian Consumer Law. The Australian Consumer Law sets the penalty amount.

    Background

    Hungry Jack’s Pty Ltd is an Australian fast-food franchise of the Burger King corporation.

    Four mandatory button battery standards operate in Australia which aim to make button battery products safer and provide consumers with important safety information.

    The ACCC consulted and engaged extensively with industry during the 18-month transition period before the standards became mandatory, including working with businesses to explain the changes that would be required to comply with the new standards.

    Product safety, and consumers experiencing a vulnerability or disadvantage, are enduring ACCC priorities, and consumer product safety issues for young children (with a focus on compliance with the button battery standards) is a 2025-26 ACCC compliance and enforcement priority.

    Other button battery enforcement outcomes include:

    • In April 2025 the ACCC commenced proceedings against Fewstone Pty Ltd (trading as City Beach) regarding allegations that City Beach offered for sale 70 product lines containing button batteries which did not comply with Australia’s mandatory button battery standards.
    • In May 2023, the Reject Shop and Dusk paid a total of nearly $240,000 in penalties after the ACCC issued infringement notices for alleged failure to comply with mandatory product safety and information standards in Halloween novelty products containing button batteries.
    • In June 2023, the ACCC, in collaboration with state and territory consumer protection regulators, announced the outcome of market surveillance of over 400 businesses and 8 online platforms which identified a concerning level of non-compliance with the information standards, and to a lesser extent with the safety standards.
    • In October 2023, Tesla Motors Australia Pty Ltd paid penalties totalling $155,460 after the ACCC issued 10 infringement notices for alleged contraventions of the Australian Consumer Law in relation to the supply of 3 types of car key fobs and 2 types of illuminating door sills that allegedly did not comply with the safety and information standards.
    • In December 2023 Repco, Supercheap Auto and Innovative Mechatronics Group paid penalties totalling $119,280 after the ACCC issued them with infringement notices for supplying aftermarket car key remotes that allegedly did not comply with the information standards.
    • In June 2024, MDI International Pty Ltd and TEEG Australia Pty Ltd  each paid penalties of $49,500 after the ACCC issued them with infringement notices for alleged breaches of the Australian Consumer Law, by failing to comply with the testing requirements of the button battery safety standard.

    MIL OSI News

  • MIL-OSI USA: Sens. Scott, Cantwell Reintroduce Aviation Workforce Development Act

    US Senate News:

    Source: United States Senator for South Carolina Tim Scott
    WASHINGTON — U.S. Senators Tim Scott (R-S.C.) and Maria Cantwell (D-Wash.) reintroduced the Aviation Workforce Development Act. This legislation amends the Internal Revenue Code to make expenses for education at FAA-certified flight andaviation maintenance programs eligible for 529 plan funds. 529 plans are valuable tools for saving for education, offering tax-free growth and allowing withdrawals for qualified expenses like tuition, room and board, and school supplies. The Aviation Workforce Development Act allows students pursuing FAA-certified flight and aviation maintenance programs to now use their 529 plan funds to cover these educational costs. As record numbers of air travelers visit South Carolina each year, this legislation will open doors for aspiring pilots and aviation maintenance technicians by ensuring they can play a vital role in the state’s aviation workforce.
    In addition to Senators Scott and Cantwell, this bill is cosponsored by U.S. Senator Raphael Warnock (R-Ga.). Representative Mike Collins (R-Ga.) introduced companion legislation in the U.S. House of Representatives.  
    “This bill provides a commonsense solution to tackling workforce shortages in the aviation industry and offering more flexibility for parents investing in 529 accounts,” said Senator Scott. “By streamlining workforce development in aviation and expanding the use of 529 funds, it strengthens the aviation sector and provides parents greater freedom to invest in their children’s future.”
    “Families use 529 plans to save for their children’s future education. But we know that our next generation of workers need options beyond traditional four-year college degrees, such as apprenticeships, trade schools, and more,” Senator Cantwell said. “By allowing 529 plans to cover FAA-certified commercial pilot and aviation maintenance courses, this bill helps remove cost barriers for students considering a career path in Washington state’s thriving aviation industry.”
    “I’ve worked tirelessly in the Senate to secure federal investments for aviation workforce programs. The Aviation Workforce Development Act builds on my efforts to create educational pipelines that welcome Georgians from every zip code into this critical industry,” said Senator Warnock. “This is a bipartisan and bicameral bill for a reason—these are commonsense solutions to address needs throughout our aviation industry, and I’m proud to work alongside Senators Scott and Cantwell in this effort.”
    The Aviation Workforce Development Act is endorsed by Airlines for America, Air Line Pilots Association, Delta Air Lines, Aerospace Industries Association, Atlas Air Worldwide, National Air Carrier Association, NetJets Association of Shared Aircraft Pilots, Aircraft Mechanics Fraternal Association, Aeronautical Repair Station Association, Aviation Technician Education Council, and National Business Aviation Association.
    Background: 
    According to a recent Pilot and Technician Outlook report from Boeing, the 20-year outlook for aviation personnel includes 602,000 new pilots and 610,000 new maintenance technicians. 
    According to ATP, that nation’s largest flight school, it costs just over $96,000 a year to become a pilot with no previous experience and just over $75,000 if you start with a private pilot certificate. 
    According to BLS, the median annual wage for commercial pilots was $99,640 in 2021 and the median wage for aircraft mechanics and service technicians was $65,380.  
    Meanwhile, 529 plans generally do not include coverage of commercial pilot or aviation maintenance programs unless they are part of an “eligible educational institution.”
    Eligible institutions are colleges, universities, trade schools, or other post-secondary educational institutions that are eligible to participate in a student aid program run by ED. 

    MIL OSI USA News

  • MIL-OSI USA: Heinrich, Luján Statement on President Trump’s 2026 Budget Request

    US Senate News:

    Source: United States Senator Ben Ray Luján (D-New Mexico)
    Heinrich and Luján: “Donald Trump and Elon Musk’s budget will further tank the economy and throw working families under the bus. As New Mexico’s senators, we’ll fight back”
    WASHINGTON — U.S. Senator Martin Heinrich (D-N.M.), a member of the Senate Appropriations Committee, and U.S. Senator Ben Ray Luján (D-N.M.) released the following statement onPresident Trump’s Fiscal Year 2026 (FY26) Preliminary Budget Request, which proposes slashing critical investments that benefit New Mexico families to fund massive tax cuts for billionaires like Elon Musk:
    “Donald Trump’s budget doesn’t put New Mexico families first — it jeopardizes Medicaid and slashes nutrition programs and services hardworking people rely on, all to fund massive tax handouts to Trump, Elon Musk, and their billionaire donors.
    “This proposal would drive up the cost of health care, groceries, housing, and utilities; gut public school and pre-K funding; defund cancer research; weaken law enforcement’s ability to fight drug trafficking; and strip resources from wildland firefighters, farmers, Tribes, and rural communities. It also threatens our public lands — paving the way for Republicans’ massive sell-off. 
    “Donald Trump and Elon Musk’s budget will further tank the economy and throw working families under the bus. As New Mexico’s senators, we’ll fight back — to protect Medicaid and Social Security, defend every dollar we’ve secured for our communities, and keep putting New Mexico families first.”
    Among all of his proposed cuts, President Trump’s Fiscal Year 2026 (FY26) Preliminary Budget Request:
    HEALTH:
    Slashes funding for the U.S. Department of Health and Human Services (HHS) by $33 billion (-26%).
    Slashes funding for the Centers for Medicare and Medicaid Services (CMS) by $674 million. CMS helps ensure over 100 million Americans have access to affordable, high-quality health insurance by overseeing Medicare, Medicaid, the Children’s Health Insurance Program (CHIP), and Affordable Care Act marketplaces.
    Cuts funding for the National Institutes of Health (NIH) by $18 billion or more than 40% — decimating funding for lifesaving medical treatments and cures.
    Decimates funding for the Centers for Disease Control and Prevention (CDC) by cutting $3.6 billion — hollowing out the agency’s ability to save lives and protect Americans from health threats.
    Guts funding for substance use prevention and treatment and mental health services by $1 billion (roughly –15%) and eliminates the Substance Abuse and Mental Health Services Administration — the agency with expertise in tackling the substance use and mental health crises.
    Eliminates the Title X program, which helps nearly 3 million patients get preventative care, birth control, cancer screenings, and more in every state.
    EDUCATION:
    Guts funding for the U.S. Department of Education by $12 billion (-15%).
    Eliminates all funding for Preschool Development Grants, which help states strengthen their early childhood education system and get parents the child care and pre-K they need.
    Eliminates and cuts dozens of elementary and secondary education programs (the vast majority of which are not specified), underscoring that President Trump’s vision for returning education to the states means state and local taxpayers will pay more to support students and educators at their local schools as a result of major cuts in federal funding.
    Eliminates several higher education programs, including TRIO, GEAR UP, Federal Work Study, Child Care Access Means Parents in Schools (CCAMPIS), and more, which help Americans pursue a postsecondary education and further their careers.
    Slashes funding for the U.S. Department of Labor by $4.6 billion (-35%).
    Proposes to “Make America Skilled Again” by cutting workforce training programs that help Americans develop skills and secure good-paying jobs by roughly a third. 
    Eliminates Job Corps and the Senior Community Service Employment Program.
    Eliminates AmeriCorps, which enables over 200,000 Americans to help serve communities across the country, including by responding to natural disasters, supporting veterans, fighting the opioid epidemic, helping older Americans age with dignity, and working in our schools, educating and supporting students.
    HOUSING:
    Eviscerates the U.S. Department of Housing and Urban Development (HUD) with a 43.6% cut.
    Slashes HUD rental assistance programs by 42.8% while foisting responsibility over those programs onto state and local governments. Over 10 million Americans rely on HUD rental assistance, the vast majority of whom are seniors, people with disabilities, and children. This will rip the roofs off Americans’ heads and put even more families at risk of homelessness.
    Eliminates or cuts federal programs most targeted to build more affordable housing and address this country’s housing supply shortage, including in Tribal country. 
    Eliminates the Community Development Block Grant that cities and towns across the country use to improve the quality of life for their citizens every day.
    PUBLIC SAFETY:
    Slashes the U.S. Department of Justice’s (DOJ) budget by at least $3.7 billion (-10%).
    Guts funding for grants to help keep communities safe by over $1 billion (-26%).
    Cuts funding for Federal Bureau of Investigation (FBI) salaries and expenses by $545 million (-5%), endangering Americans’ safety.
    Cuts funding for Drug Enforcement Agency (DEA) salaries and expenses by $212 million (-7%), weakening the agency’s capacity to crack down on drug trafficking. Also proposes shuttering major DEA offices in countries around the world, noting that those countries “are equipped to counter drug trafficking on their own.”
    Cuts funding for the Bureau of Alcohol, Tobacco, Firearms and Explosives’ (ATF) salaries and expenses by $468 million (-29%) as part of the administration’s ongoing attempt to dismantle the agency in charge of enforcing our country’s gun laws.
    Cuts $1.386 billion (-22%) from the U.S. Forest Service, gutting grant funding for state and Tribal wildfire risk reduction, volunteer fire departments, and much more. The proposal would cut at least 2,000 National Forest System staff positions, which will severely harm the administration’s stated goals of improving forest management.
    Cuts funding for International Narcotics Control and Law Enforcement account by $1.3 billion (-91%) which helps prevent human trafficking, stop drug trafficking, and much more, with direct implications for American communities.
    Proposes a reckless $209 million cut for NOAA’s weather satellites, which play a critical role in ensuring Americans have accurate weather forecasting and will result in a gap in observations when the current satellites retire early in the next decade.
    NUTRITION:
    Eliminates the Commodity Supplemental Food Program, which provides food assistance to low-income individuals 60 years of age and older to supplement diets and addressing potential nutrient deficiencies. The preliminary budget request does not mention any of the other 16 Nutrition Programs, including WIC, The Emergency Food Assistance Program (TEFAP), and the National School Lunch Program.
    PUBLIC LANDS:
    Cuts $900 million (- 30%) from National Park Service operations, abandoning national parks the administration says should now be transferred to the states, while providing no funding for states to manage massive new obligations that such a dramatic move would entail. This would incentivize states to sell off public lands to the highest bidder, threatening valued open space and areas of natural and historical value to local communities.
    AGRICULTURE:
    Guts funding for agricultural research, which is critical to ensuring American agriculture is competitive with the rest of the world and provides key resources to help farmers and ranchers prepare and adapt in an uncertain environment. Zeroes out foreign food aid that supports American farmers and is a lifeline for people living in extreme poverty across the world.
    TRIBES:
    Slashes $911 million (-24%) for core Tribal programs that uphold the federal government’s legally-obligated and court-ordered trust and treaty responsibilities to Tribal nations. 
    Decimates core Tribal programs, including road maintenance, housing, and programs for children and families. 
    Nearly eliminates funding for construction of Tribal schools, which are already too often dilapidated, and cuts Tribal law enforcement funding by 20%.
    RURAL COMMUNITIES:
    Slashes investments in core Rural Development programs by $721 million, including investments in safe drinking water, affordable housing, and resources to bolster the rural economy.
    Cuts funding for the U.S. Department of Commerce by $1.9 billion (-18%). Outright eliminates the U.S. Economic Development Administration (EDA), which helps economically distressed communities across America get ahead.
    Eliminates all Community Services Block Grant funding ($770 million) for community-based anti-poverty programs that help individuals and families access services to alleviate the causes of poverty.
    Eliminates funding to 27 states by zeroing out funding for 6 of 7 regional commissions, which provide grants in economically distressed communities for disaster mitigation, opioid crisis support programming, workforce training, and much more. This includes eliminating the Southwest Border Regional Commission (SBRC).
    The Southwest Border Regional Commission (SBRC) is one of eight authorized federal regional commissions and authorities, which are congressionally-chartered, federal-state partnerships created to promote economic development in their respective regions. Congress first authorized the establishment of the SBRC in 2008 to promote economic development in the southern border regions of New Mexico, Arizona, California, and Texas.
    Last year, Heinrich secured an expansion of the SBRC’s jurisdiction to include the following counties in New Mexico: Bernalillo, Cibola, Curry, De Baca, Guadalupe, Roosevelt, Torrance, Lea, and Valencia. These are in addition to Catron, Grant, Hidalgo, Luna, Sierra, Socorro, Lincoln, Otero, Eddy, Doña Ana, and Chaves Counties in New Mexico, which are already included within the SBRC’s jurisdiction.
    In 2023, Heinrich led the introduction of the Southwest Border Regional Commission Reauthorization Act, legislation to reauthorize and fully fund the Southwest Border Regional Commission (SBRC). The bill was cosponsored by U.S. Senators Ben Ray Luján (D-N.M.), Mark Kelly (D-Ariz.), Alex Padilla (D-Calif.), and former-U.S. Senators Kyrsten Sinema (I-Ariz.), and Laphonza Butler (D-Calif.).
    INFRASTRUCTURE:
    Cuts funding for the U.S. Bureau of Reclamation by $600 million (-34%), gutting investments in key restoration projects.
    Cuts funding for the U.S. Army Corps of Engineers by $2 billion (-23%), slashing funding used to maintain our nation’s ports and harbors.
    Cuts funding for Federal Emergency Management Agency (FEMA) non-disaster grants that help communities prepare for disasters, support efforts to prevent violence and terrorism, prepare emergency responders, and more.
    Eliminates funding for the Corporation for Public Broadcasting, ending support for more than 1,500 local public television and radio stations. 
    Eliminates funding for the Institute of Museum and Library Services and the support provided to libraries and museums throughout the United States.
    Cuts funding for the U.S. Environmental Protection Agency (EPA) by more than half by abandoning state and Tribal programs that build and maintain drinking water and sewer systems, starving states of longstanding federal funding provided to pay for states’ work enforcing federal laws, and decimating funding for cleaning up toxic Superfund sites. The request would also effectively eliminate research funding used to better understand the impacts on human health from polluted air and water and from toxic chemicals. 
    ENERGY:
    Slashes funding for the Department of Energy overall by $4.7 billion (-9.4%).
    Guts funding for Energy Efficiency and Renewable Energy programs by $2.572 billion (-74%) and proposes to rescind $15.25 billion from Infrastructure Law energy programs, which will raise energy costs for American consumers by halting vital innovation and energy projects.
    Eliminates the Low Income Home Energy Assistance Program (LIHEAP), which helps 6 million American households heat and cool their homes.
    ECONOMIC DEVELOPMENT:
    Slashes funding for the Small Business Administration’s (SBA) Entrepreneurial Development Programs by $167 million, proposing the elimination of nearly all programs, including programs that support veterans as they work to start and grow a small business.
    Eliminates $291 million in funding for all current Community Development Financial Institutions (CDFI) financial assistance awards, which help leverage private capital to support the development of child care centers, housing, health care facilities, and small businesses. Since 2010, CDFIs have financed over 1.3 million businesses and 557,000 affordable homes.
    Completely eliminates the National Endowment for the Arts and the National Endowment for the Humanities, which provide funding for every state and every congressional district for cultural economic development and the creative economy.
    Guts funding for the National Oceanic and Atmospheric Administration (NOAA) by $1.5 billion, which would eliminate all manner of programs that create good jobs, help local economies, and support ocean research, health, and coastal resilience.
    More than halves funding for the National Science Foundation (NSF) with a $5.2 billion (-57%) cut. Cuts funding for the Department of Energy’s Office of Science by $1.148 billion (-14%). Together, these proposed cuts would decimate America’s edge in essential scientific research that would otherwise drive future economic growth.
    FOREIGN ASSISTANCE:
    Guts funding for the U.S. Department of State and America’s international security, economic, and humanitarian assistance programs by $31.2 billion (-48%).
    Cuts funding for lifesaving and other humanitarian assistance by $4.7 billion (-54%), which will lead to preventable deaths and suffering across the globe, and threaten Americans’ safety and well-being by undercutting our efforts to stop disease outbreaks and prevent conflict. A cut of this magnitude will also lead to more migration of people fleeing poverty, conflict, and natural disasters.
    Slashes economic growth and development funding across multiple agencies and accounts by $6 billion (67%) and proposes the final dissolution of the U.S. Agency for International Development (USAID).
    Guts funding for global health initiatives by $6.2 billion (-62%).
    Reneges on our treaty dues for the United Nations (U.N.), U.N. Peacekeeping operations, and a majority of other international organizations.
    SPACE EXPLORATION:
    Cuts National Aeronautics and Space Administration (NASA) funding by $6 billion (-24%), the largest single-year cut to NASA in U.S. history, which would mark an incredible retreat for American leadership and ambition in space. Terminates the Artemis Campaign to establish a human presence on the Moon after the Artemis III mission. Slashes funding for the Science Mission Directorate by $3.43 billion (-47%), which would cancel numerous current and planned missions to better understand our universe, solar system, and Earth.

    MIL OSI USA News

  • MIL-OSI Security: Franklin, Kentucky, Pharmacist and Spouse Sentenced to Federal Prison

    Source: Office of United States Attorneys

    Louisville, KY – Last week, a Franklin, Kentucky, pharmacist was sentenced to 3 years in federal prison and his wife was sentenced to 2 years in federal prison for engaging in a conspiracy to commit theft of medical products, conspiracy to unlawfully distribute controlled substances, conspiracy to commit health care fraud, and health care fraud, among other charges.

    U.S. Attorney Michael A. Bennett of the Western District of Kentucky, Special Agent in Charge Jim Scott of the DEA Louisville Field Division, Director Tommy Loving of the Bowling Green/Warren County Drug Task Force, Commissioner Phillip Burnett, Jr. of the Kentucky State Police, Warren County Sheriff Brett Hightower, and Acting Inspector General Tricia Steward of the Kentucky Cabinet for Health and Family Services, Office of Inspector General made the announcement.

    According to court documents, pharmacist Joseph Huff, 46, was sentenced to 3 years in prison, followed by 3 years of supervised release, for one count of conspiracy to commit theft of medical products, one count of conspiracy to unlawfully distribute controlled substances, twelve counts of health care fraud, one count of aggravated identity theft, and one count of making a false statement. His wife, Jenifer Huff, 46, was sentenced to 2 years in prison, followed by 3 years of supervised release, for one count of conspiracy to commit theft of medical products, one count of conspiracy to unlawfully distribute controlled substances, and two counts of health care fraud.

    The defendants conspired to divert oxycodone and hydrocodone from the pharmacy from May 2, 2020, to January 17, 2023, with Jenifer Huff selling or trading the controlled substances for cocaine, methamphetamine, and marijuana. They also fraudulently billed Kentucky Medicaid for prescriptions that were not ordered by a physician or nurse practitioner. In addition, Joseph Huff fraudulently billed various insurance companies for brand name Adderall when in fact generic Adderall was issued to patients. Joseph Huff also fraudulently billed an insurance company for medication never dispensed to the patient. Additionally, Joseph Huff falsely reported a pharmacy robbery to the DEA when in fact no drugs had been stolen. Finally, Joseph Huff used another medical professional’s name and National Provider Identifier, a unique 10-digit number used to identify health care providers, to issue prescriptions without the medical professional’s knowledge or consent.

    There is no parole in the federal system.

    Joseph Huff was also ordered to pay restitution in the amount of $17,518.19 and Jenifer Huff was ordered to pay restitution in the amount of $5,730.43.

    This case was investigated by the Bowling Green/Warren County Drug Task Force, the Kentucky State Police, the Warren County Sheriff’s Office, and the DEA with the assistance of the Kentucky Cabinet for Health and Family Services Office of Inspector General.

    Assistant U.S. Attorney Joe Ansari prosecuted the case.

    ###

    MIL Security OSI

  • MIL-OSI Security: Midwest City Woman Pleads Guilty to Defrauding Property Management Company

    Source: Office of United States Attorneys

    OKLAHOMA CITY – SHERRIE BILLINGS, 53, of Midwest City, has pleaded guilty to wire fraud and making and subscribing a false tax return, announced U.S. Attorney Robert J. Troester.

    According to public record, in January 2017, Billings worked as a regional property manager for Manhattan Management Company, LLC (“MMC”), out of New York. MMC owned four apartment complexes in Oklahoma City. Her duties included maintaining daily upkeep, maintenance, and inspections of the properties, and she had access to an MMC bank account and credit card for such maintenance. Court documents allege that from January 2017 through July 2022, Billings defrauded MMC by issuing unauthorized checks from MMC’s bank account and utilizing the company credit card, both for her own personal use. During this time period, Billings issued approximately 385 unauthorized checks, illegally withdrawing approximately $1,660,238.00 from MMC’s account. To conceal her scheme, Billings manufactured fraudulent payment vouchers to legitimate vendors and emailed the fraudulent vouchers to MMC’s bookkeeper to be added to the company ledger. Billings also used the MMC credit card for personal expenses, which defrauded the company out of approximately $49,798.00. Public record further alleges that on April 14, 2022, Billings filled out a federal income tax return form on which she reported income that was substantially lower than the actual income she received as a result of the criminal behavior described above. 

    On April 2, 2025, Billings was charged by Information with wire fraud and making and subscribing a false tax return. On May 2, 2025, Billings pleaded guilty to the two-count Information, and admitted she knowingly devised a scheme to defraud MMC, and that she knowingly filed a federal income tax return form on which she reported an income amount she knew was substantially lower than what she received for the year. 

    At sentencing, Billings faces up to 20 years in federal prison for the wire fraud charge and up to three years in prison for the tax charge, as well as a fine of up to $250,000 per count. 

    This case is the result of an investigation by the IRS Criminal Investigation. Assistant U.S. Attorney Charles Brown is prosecuting the case. 

    Reference is made to public filings for additional information.

    MIL Security OSI

  • MIL-OSI Canada: Alberta Next: Albertans to decide path forward for the province

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    Albertans have always been loyal, proud and generous Canadians.

    We love Canada. We have fought wars and died defending Canada. We have opened our doors wide for millions of our fellow Canadians searching for opportunity – many of whom stay and become Albertan, and many who return home to their native province. All have been welcomed with open arms.

    Our province has contributed hundreds of billions of dollars more to the federal treasury for use in other parts of the country than we’ll ever receive back in benefits. We have allowed this to occur because, quite frankly, we know how blessed our province is with an endowment of natural resources that no other country on earth possesses – and we want all of our friends, families and fellow Canadians across the country to benefit from it.

    We do not ask for special treatment or handouts.

    We just want to be free. Free to develop and export that incredible wealth of resources we have for the benefit of our families and future generations. Free to pursue opportunities with the ideals of entrepreneurship, hard work and innovation that have become synonymous with the name of our province. Freedom to choose how best to provide health care, education and other needed social services to our people – even if its done differently than what Ottawa has in mind.

    Strong and Free is more than just our provincial motto – it represents who we are and how we want to live as a people.

    And that is why Albertans are so frustrated with the direction of our country.

    For the last 10 years, successive Liberal Governments in Ottawa – supported by their New Democrat allies – have unleashed a tidal wave of laws, policies and political attacks aimed directly at Alberta’s free economy – and in effect – against the future and livelihoods of our people.

    They have blocked new pipelines with C-69, cancelled multiple oil and gas projects, and banned the very tanker ships needed to carry those resources to new markets.

    They have stacked an oil and gas production cap on top of a crippling industrial carbon tax, making new energy and agricultural projects economically impossible to pursue without massive subsidies from governments – which Ottawa has failed to provide and which our taxpayers cannot afford.

    This onslaught of anti-energy, anti-agriculture and anti-resource development policies have scared away global investment to the tune of over a half a trillion dollars – driving those investments and jobs out of Alberta and Canada to much more attractive investment climates in the United States, Asia and the Middle East.

    Having travelled much of the world these past few years, it is evident that Canada is not viewed as an attractive place to invest in resource development, manufacturing or agriculture because of our high carbon taxes, endless red tape, and the uncertainty and chaos brought about by these and other federal government policies.

    As a result, Canada has fallen to dead last in economic growth among industrialized nations. The world looks at us like we have lost our minds. We have the most abundant and accessible natural resources of any country on earth – and yet we landlock them, sell what we do produce to a single customer to the south of us, while enabling polluting dictatorships to eat our lunch.

    For Albertans – these attacks on our province by our own federal government have become unbearable.

    As I said, these policies have cost Albertans roughly a half a trillion dollars in investment – and that loss is growing daily. It has and will continue to cost hundreds of thousands of jobs, robbing countless Albertans and other Canadians of their means of providing for their families. It has cost us a decade of opportunities and tens of billions in lost royalties that could have been invested in the health, education, infrastructure and social services Albertans and Canadians need.

    And what’s worse, Ottawa continues onward with more destructive policies.

    They have imposed net-zero mandates on our natural gas-based power grid causing investment in reliable generation from natural gas to flee, thereby endangering the future stability of our power grid, and risking future blackouts and spikes in electricity costs for Alberta families and businesses.

    They have attacked our food producers with methane taxes, onerous regulations on fertilizer, electric vehicle mandates, and many other destructive policies that have hiked costs on our farmers and ranchers, and driven billions of dollars of investment in agriculture elsewhere.

    They have interfered in provincial jurisdiction time and again. From taking over the regulation of plastics, to mandating how we operate child care, health care and dental care, to harassing law abiding firearms owners, to dozens of other examples of unconstitutional interference.

    And of course, Alberta has fought back. We always have and always will.

    We passed the Sovereignty within a United Canada Act and have invoked it twice to protect Albertans as best we can from the effects of the net zero electricity regulations and energy production cap.

    We have beat the feds in court on both the “no new pipelines law” C-69 and their attempt to regulate plastics (though they have ignored both court decisions to this point) — and we have just announced a court challenge on the net zero electricity regulations and are further preparing to also challenge the energy production cap.

    We continue to do all in our power to counteract Ottawa’s chill on investment in energy, agriculture and our other job sectors through various tax cuts and incentive programs which greatly strain the provincial budget.

    We have fought these attacks from Ottawa furiously and have won some important battles, but the lost opportunities, jobs and futures of so many Albertans are costly and demoralizing — as are the growing number of eastern politicians who choose to openly demonize and target Alberta for political gain.

    That is why a large majority of Albertans are so deeply frustrated with the results of last week’s federal election.

    It’s not that our preferred candidate and party lost. That happens in a democracy.

    It’s that the same Liberal government with almost all of the same Ministers responsible for our nation’s inflation, housing, crime and budget crisis, and that oversaw the attack on our provincial economy for the past 10 years – have been returned to power.

    Now, as we all know, one thing has changed. We have a new Prime Minister. And I will say that in my first conversation with him since the election, he had some promising things to say about changing the direction of his government’s anti-resource policies.

    However, Albertans are more of a “actions speak louder than words” kind of people.

    So while I will in good faith work with Prime Minister Mark Carney on unwinding the mountain of destructive legislation and policies that have ravaged our provincial and national economies this past decade —- until I see tangible proof of real change —- Alberta will be taking steps to better protect ourselves from Ottawa.

    As a start, I will soon appoint a Special Negotiating Team to represent our province in negotiations with the federal government on the following reforms requested by our province. We hope this will result in a binding agreement that Albertans can have confidence in – call it an Alberta Accord if you will.

    First, Alberta requires guaranteed corridor and port access to tidewater off the Pacific, Arctic and Atlantic coasts for the international export of Alberta oil, gas, critical minerals and other resources in amounts supported by the free market, rather than by the dictates and whims of Ottawa.

    Every province in the country, other than Alberta and Saskatchewan, have coastal port access, and no province needs it more given the size and value of our resources. This will benefit all Canadians to the tune of trillions of dollars of economic activity including billions for First Nations’ partners.

    Second. The federal government must end all federal interference in the development of provincial resources by repealing the no new pipelines law, C-69, the oil tanker ban, the net zero electricity regulations, the oil and gas emissions cap, the net zero vehicle mandate, and any federal law or regulation that purports to regulate industrial carbon emissions, plastics, or the commercial free speech of energy companies. These laws are destroying investment confidence and costing Canada and Alberta hundreds of billions in investments each year.

    They need to go.

    Third. The federal government must refrain from imposing export taxes or restrictions on the export of Alberta resources without the consent of the Government of Alberta. Frankly, all provinces should be given that same respect for their resources.

    And fourth, the federal government must provide to Alberta the same per capita federal transfers and equalization as is received by the other three largest provinces – Quebec, Ontario and British Columbia. We have no issue with Alberta continuing to subsidize smaller provinces with their needs, but there is no excuse for such large and powerful economies like Ontario, Quebec, B.C. or Alberta to be subsidizing one another. That was never the intent of equalization, and it needs to end.

    If these points can be agreed to by the federal government, I am convinced it will not only make Alberta and Canada an infinitely stronger and more prosperous country, but will eliminate the doubts a growing number of Albertans feel about the future of Alberta in Canada.

    While these negotiations with Ottawa are ongoing, our government will appoint, and I will chair, the ‘Alberta Next’ panel. This panel will be composed of some of our best and brightest judicial, academic and economic minds, to join with me in a series of in-person and online town halls to discuss Alberta’s future in Canada, and specifically, what next steps can we take as a province to better protect Alberta from any current or future hostile policies of the federal government. Details of the membership and scope of that panel will also be released in the coming weeks.

    After the work of the panel is finished, it is likely we will place some of the more popular ideas discussed with the panel to a provincial referendum so all Albertans can vote on them sometime in 2026.

    To be clear from the outset, our government will not be putting a vote on separation from Canada on the referendum ballot; however, if there is a successful citizen-led referendum petition that is able to gather the requisite number of signatures requesting such a question to be put to a referendum, our government will respect the democratic process and include that question on the 2026 provincial referendum ballot as well.

    I also want to state unequivocally that as Premier, I am entirely committed to protecting, upholding and honouring the inherent rights of First Nations, Métis and Inuit peoples. Therefore, ANY citizen-initiated referendum question MUST not violate the constitutional rights of First Nations, Métis and Inuit peoples, and must uphold and honour Treaties 6, 7 and 8 should any referendum question ever pass. This is non-negotiable.

    Now, let’s talk about the elephant in the room – that being separation.

    We are well aware that there is large and growing number of Albertans that have lost hope in Alberta having a free and prosperous future as a part of Canada. Many of these Albertans are organizing petitions to trigger a citizen-initiated referendum, as I mentioned earlier. The vast majority of these individuals are not fringe voices to be marginalized or vilified – they are loyal Albertans. They are quite literally our friends and neighbours who have just had enough of having their livelihoods and prosperity attacked by a hostile federal government. They are frustrated – and they have every reason to be.

    I want to talk directly to those Albertans.

    I know how frustrated so many of you have become with our country and the feeling of having politicians living thousands of miles away passing laws and rules that have cost you or your loved ones, jobs, careers, dreams, and opportunities for a brighter future.

    As most Albertans know, I have repeatedly stated I do not support Alberta separating from Canada. I personally still have hope that there is a path forward for a strong and sovereign Alberta within a united Canada. Let me explain a few reasons why.

    First, Alberta already has and can continue to use the Alberta Sovereignty within a United Canada Act and other measures to fight through much of Ottawa’s damaging interference and prosper in spite of it. We will also continue our successful battles against these unconstitutional and damaging policies in both the Courts of law and public opinion.

    But there is more to be hopeful for. This past election demonstrated that attitudes across the country, especially among young people, are changing with respect to understanding the importance of free markets and the development of our natural resources. People are pushing back against government censorship and ‘cancel culture’. More and more Canadians understand that in order for Canada to play a role in ending conflict and poverty at home and abroad – our country must become strong again. And we can only do that by becoming an energy and economic superpower using the vast and unmatched energy, mineral resources and fertile lands of our country.

    85 per cent of Canadians in this last election voted for the two leaders promising to turn Canada into an energy superpower and to build resource corridors, including for oil and gas – while only 13 per cent voted for the fringe voices in the socialist NDP and Bloc parties and their extremist “leave it in the ground” policies.

    Obviously, we have a ways to go and it will take a lot of work to undo the damage caused by these last 10 years of Liberal/NDP rule, but that clear change in public opinion gives me hope. I think it should give all Albertans hope

    Now, none of us know what the future holds should Ottawa, for whatever reason, continue to attack our province as they have done over the last decade. Ultimately that will be for Albertans to decide and I will accept their judgement.

    But I am going to do everything within my power to negotiate a fair deal for Alberta with the new Prime Minister. And while doing so, our government will work with Albertans on various initiatives to better protect Alberta’s provincial sovereignty and economy from Ottawa should those negotiations fail, and the economic attacks continue.

    Alberta didn’t start this fight, but rest assured…we will finish it…and come out of it stronger and more prosperous than ever.

    In closing, I want Albertans to know how important it will be, in the coming months, for our province to be steadfast, unified and to refrain from heeding the voices of those seeking to divide Albertans against one another.

    There will be many outside – and even inside this province – who will try and sow fear and anger among us. They will seek to divide us into different camps for the purpose of marginalizing and vilifying one other based on differing opinions. Effectively pitting neighbour against neighbour — and Albertan against Albertan.

    That is not the Alberta way. It’s not who we are. And it’s not who I am.

    There are thousands of Albertans that are so frustrated with the last ten years of Ottawa’s attacks on their friends’ and family’s livelihoods that they feel Alberta would be stronger and more prosperous as an independent nation. That is an understandable and justifiable feeling to have even if we disagree on what to do about it. These Albertans are not traitors, nor should they ever be treated as such. They just love their province and family and want a better future than the one Ottawa is offering right now.

    There are also thousands of Albertans that are so attached and loyal to their identity as Canadians that there is nothing Ottawa has done to our province that would justify Alberta leaving Canada. Its not that they think everything is perfect or we’ve been treated fairly – they just believe being part of Canada, despite those problems, has much more value than leaving. These individuals are also loyal Albertans and should never be accused of being anything less.

    And then there are hundreds of thousands of Albertans that probably feel a lot like I do —- that are deeply frustrated with the way our province has been mistreated and damaged by successive federal Liberal governments and are not willing to tolerate the status quo any longer. But these Albertans still believe there is a viable path to a strong, free and sovereign Alberta empowered to succeed and prosper within a united Canada. A Canada where the federal government actually honours the constitution, upholds provincial rights, and empowers provinces to pursue their unique potentials as their people so choose.

    Regardless of what each of us believes about this issue, or what path we think is best; we, as Albertans, must be able to respectfully debate and discuss these issues with our friends, family members and neighbours.

    I know that if we do that — in the end, our province will find the best solution for this immense challenge we face, and come out of it stronger and more free than ever.

    I’ll always put my faith in Albertans to find that right path. I trust you.

    May our beautiful Alberta always remain forever strong and free.

    Related information

    • A media availability will follow on May 6 at 12 p.m.
    • Alberta Next: Albertans to decide path forward for the province

    Multimedia

    • Watch the Premier’s address to Albertans

    MIL OSI Canada News

  • MIL-OSI: IDEX Biometrics ASA: Results of the exercise of Warrants B

    Source: GlobeNewswire (MIL-OSI)

    Reference is made to the announcement by IDEX Biometrics ASA (the “Company”) on 12 December 2024 regarding the listing of Warrants A and Warrants B on Oslo Stock Exchange. Warrants B were exercisable between 31 March 2025 and 11 April 2025, and all Warrants B not exercised within such time lapsed without compensation to the holder.

    A total of 36,767 Warrants B were exercised, resulting in an aggregate subscription for 36,767 new shares (the “New Shares”) in the Company, each Warrant B having an exercise price of NOK 0.15.

    The Board of Directors of the Company has approved the allocation of New Shares to the exercising holders of Warrants B and has consequently resolved to increase the share capital of the Company.

    Payment for the allocated New Shares falls due one week after the Board’s resolution. The New Shares will be issued upon registration of the share capital increase in the Norwegian Register of Business Enterprises.

    Following registration of the share capital increase in connection with the exercise of Warrants B, the Company’s share capital will be NOK 38,316,309.99, divided into 3,831,630,999 shares each with a nominal value of NOK 0.01.

    For more information relating to the Warrants, please refer to the Prospectus approved and published by the Company on 13 November 2024.

    For further information contact:

    Kristian Flaten, CFO, Tel: +47 95092322

    E-mail: ir@idexbiometrics.com

    About IDEX Biometrics:

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

    About this notice:

    This notice was published by Kristian Flaten, CFO, 5 May 2025 at 23:35 CET on behalf of IDEX Biometrics ASA.  This information is subject to the disclosure requirements pursuant to the Norwegian Securities Trading Act section 5-12.

    The MIL Network

  • MIL-OSI Banking: Microsoft partners with Global Anti-Scam Alliance to fight cybercrime

    Source: Microsoft

    Headline: Microsoft partners with Global Anti-Scam Alliance to fight cybercrime

    Being the victim of a scam can be devastating. Unfortunately, the number of people who can attest to the truth of this statement, either because they themselves have been scammed or because it has happened to someone they know, is growing. The Global Anti-Scam Alliance (GASA) reports that in 2024 nearly 50% of the world’s consumers dealt with at least one attempted scam every week.1 Microsoft understands the importance of protecting against scams in all their forms. This understanding is the basis for multiple companywide projects, including the launch of the Secure Future Initiative (SFI) in November of 2023.

    Read the latest SFI updates

    In February of 2024, Microsoft outlined its six-pillared comprehensive approach to addressing abusive AI-generated content. These pillars are: 

    • Strong safety architecture.  
    • Durable media provenance and watermarking.
    • Safeguarding services from abusive content and conduct.  
    • Robust collaboration across industry, governments, and civil society.  
    • The push toward modernized legislation to protect people from the abuse of technology.
    • Enhanced public awareness and education.   

    The foundation these pillars are built upon is responsibility. Microsoft leadership believes it is imperative for the tech sector to continually and proactively address fraud, scams, and security threats as they emerge. As part of that responsibility, Microsoft published a whitepaper in July 2024 and highlighted AI-generated fraud as one of the abuses United States policymakers should consider addressing with new legislation. 

    In accordance with this ethos and as the next step in its ongoing fight against scams around the world, Microsoft now announces that it will be joining GASA as a Foundation Member. In doing so, Microsoft readily grants its knowledge and expertise to an organization that has dedicated itself to protecting consumers everywhere from scams of all kinds. It is GASA’s mission to unite public authorities, industry leaders, and technology platforms in sharing knowledge, defining joint strategies, and coordinating effective actions that shield consumers from scams. In 2024 alone, scammers drained the global economy of more than $1.03 trillion.2 Together, Microsoft and the other members of GASA hope to stem these losses going forward.  

    Doubling down on fraud prevention through the Global Signal Exchange  

    As well as joining GASA as a Foundation Member, Microsoft also announces it is joining the Global Signal Exchange (GSE), the world’s first clearing house for scam and fraud threat signals. The GSE enables member organizations to collaborate in order to tackle online scams, fraud, and abuse—with more than 191 million threat signals being monitored in real time. The GSE is a United Kingdom not-for-profit organization owned by Oxford Information Labs (OXIL) and was launched in partnership with GASA. Microsoft is one of the first 20 leading international organizations that has joined in recent months.  

    “We are delighted to welcome Microsoft to the Global Signal Exchange. Fighting scams is a collaborative effort. Together we are changing the game, by putting a spotlight on where scams are happening online, in real time, and by sharing information about online scams and fraud across the internet ecosystem. We aim to help stop malicious activities faster, make them less effective and so less profitable for the criminals. To this end, The Global Signal Exchange empowers us all to share a vision for data sharing based on a global, multistakeholder, multisector platform.”  

    —Emily Taylor, Founder, Global Signal Exchange  

    The Global Signal Exchange platform surfaces malicious URLs, suspect IP addresses, scams, and phishing attacks. With the new data being shared by Microsoft, the organization’s mandate will steadily continue to broaden in order to cover more threats and threat actors. Together, Microsoft and the rest of the organizations participating in the GSE will work to shine a light not just on cybercrime but upon those individuals and groups facilitating it as well. 

    To learn more about Microsoft Security solutions, visit our website. Bookmark the Security blog to keep up with our expert coverage on security matters. Also, follow us on LinkedIn (Microsoft Security) and X (@MSFTSecurity) for the latest news and updates on cybersecurity.  


    1International Scammers Steal Over $1 Trillion in 12 Months in Global State of Scams Report 2024, GASA. November 7, 2024.

    2Global Signal Exchange.

    MIL OSI Global Banks

  • MIL-OSI Banking: Pushing passkeys forward: Microsoft’s latest updates for simpler, safer sign-ins

    Source: Microsoft

    Headline: Pushing passkeys forward: Microsoft’s latest updates for simpler, safer sign-ins

    Happy World Passkey Day!

    As the world shifts from passwords to passkeys, we’re excited to join the FIDO Alliance in leaving “World Password Day” behind to celebrate the very first “World Passkey Day.” To commemorate this renaming, Microsoft and dozens of other organizations have taken the Passkey Pledge to work toward increasing the implementation and adoption of passkeys over the coming year. For Microsoft, taking the pledge continues our commitment to a future where every sign in is simple and secure.

    The journey toward passwordless sign-in

    Ten years ago, Microsoft had a bold idea. Instead of signing in using clumsy and insecure passwords, what if you could simply smile?

    With this vision in mind, Microsoft introduced Windows Hello, a new way for users to securely sign in to their accounts with their face, fingerprint, or PIN. Windows Hello helped lay the foundation for an entirely new era of authentication.1 Today, more than 99% of people who sign into their Windows devices with their Microsoft account do so using Windows Hello.

    However, as the world and our digital lives evolved, it became clear that just signing into your device without a password isn’t enough. To keep your digital life safe, you need a way to sign into any account without a password. As part of an industry-wide effort, Microsoft has collaborated closely with the FIDO Alliance, and with platform partners to develop passkeys: a standards-based phishing-resistant authentication method that replaces passwords. Now you can sign in to any supported app or website with a passkey using your face, fingerprint, or PIN. Hundreds of websites, representing billions of accounts, now support signing in with a passkey. The world is changing!

    For a list of websites that support passkeys, visit Passkey Directory – FIDO Alliance.

    Over the past decade, we’ve observed two important, coinciding trends: people have grown increasingly accustomed to signing into their devices without passwords, and the number of password-based cyberattacks has increased dramatically. Bad actors know that the password age is ending, and that the number of easily compromised accounts is shrinking. In response, these bad actors are devoting considerable resources to automating brute force and phishing attacks against any account still protected by a password. Last year, we observed a staggering 7,000 password attacks per second (more than double the rate from 2023).2 As passkeys become the new standard, expect increased pressure from cyberattackers on any accounts still protected by passwords or other phishable sign-in methods.

    Our users love signing into their Microsoft accounts with passkeys

    Last year, we introduced passkey support for Microsoft accounts for our consumer apps and services like Xbox and Copilot, and now we see nearly a million passkeys registered every day. Because they’re not entering complex characters or one-time codes, users signing in with passkeys are three times more successful at getting into their account than password users (about 98% versus 32%). When you use a passkey, you get into your account much quicker too! Passkey sign-ins are eight times faster than a password and multifactor authentication.

    We believe that great usability and great security go hand in hand, so as we continue our transition to a passwordless world, we’re introducing some significant changes:

    1. New sign-in user experience (UX): Earlier this year, we launched a new visual style that simplifies the sign-in and sign-up experience. The new design is modernized and streamlined and prioritizes passwordless methods for sign-in and sign-up.3
    2. New accounts are passwordless by default: As part of this simplified UX, we’re changing the default behavior for new accounts. Brand new Microsoft accounts will now be “passwordless by default.” New users will have several passwordless options for signing into their account and they’ll never need to enroll a password. Existing users can visit their account settings to delete their password.
    3. Passwordless-preferred sign-in: We’re also making it simpler to sign in with safer options. Instead of showing you all the possible ways for you to sign in, we automatically detect the best available method on your account and set that as the default. For example, if you have a password and “one time code” set up on your account, we’ll prompt you to sign in with your one time code instead of your password. After you’re signed in, you’ll be prompted to enroll a passkey. Then the next time you sign in, you’ll be prompted to sign in with your passkey. This simplified experience gets you signed in faster and in our experiments has reduced password use by over 20%. As more people enroll passkeys, the number of password authentications will continue to decline until we can eventually remove password support altogether.

    Although passwords have been around for centuries, we hope their reign over our online world is ending. Billions of times a day, people all over the world sign into their accounts. According to the FIDO Alliance, more than 15 billion user accounts can now sign in using passkeys instead of passwords. But we need billions more to make every sign-in passwordless. So, to observe World Passkey Day, take the leap. Start by securing at least one of your accounts—ideally as many as you can—with a passkey. Protect your digital life from unauthorized access and make signing in faster, easier, and most importantly, more secure.

    To create a passkey for signing into your Microsoft account, visit here. If you’re using Windows, you can also learn how to save and manage passkeys here: Save a passkey in Windows – Microsoft Support

    Learn more with Microsoft Security

    To learn more about Microsoft Security solutions, visit our website. Bookmark the Security blog to keep up with our expert coverage on security matters. Also, follow us on LinkedIn (Microsoft Security) and X (@MSFTSecurity) for the latest news and updates on cybersecurity.


    1A breakthrough year for passwordless technology, Alex Simons. December 17, 2020.

    2Microsoft Digital Defense Report 2024

    3New user experience for customer authentication, Robin Goldstein. March 26, 2025.

    MIL OSI Global Banks

  • MIL-OSI USA: Capito Celebrates National Small Business Week

    US Senate News:

    Source: United States Senator for West Virginia Shelley Moore Capito

    WASHINGTON, D.C.  – U.S. Senator Shelley Moore Capito (R-W.Va.) signed on to a resolution led by U.S. Senate Committee on Small Business and Entrepreneurship Chairman Joni Ernst (R-Iowa) and Ranking Member Ed Markey (D-Mass.) declaring this week as “National Small Business Week” to recognize the innovators and job creators who power America’s economy.

    “In West Virginia, small businesses are an essential part of our economy, making up more than 98% of the businesses in our state and employing nearly half of our workforce. During National Small Business Week, I am proud to join my colleagues in recognizing and celebrating the critical contributions small businesses, like the female-owned Dolly’s Diner in Princeton I visited recently, make in West Virginia and across our country,” Senator Capito said.

    There are more than 34.7 million small businesses in America, accounting for more than 99.9% of all businesses and employing 45.9% of American workers, or about 59 million people.

    Click here to read the resolution. 

    MIL OSI USA News

  • MIL-OSI USA: Griffith Statement on President Trump Executive Order Targeting Gain-of-Function Research

    Source: United States House of Representatives – Congressman Morgan Griffith (R-VA)

    U.S. President Donald J. Trump signed an Executive Order to halt U.S. federal funding of gain-of-function research in overseas countries, like China and Iran, without proper oversight measures. In response to the Executive Order, U.S. Congressman Morgan Griffith (R-VA) issued the following statement:

    “President Trump’s decisive action against gain-of-function research is a significant step towards greater government agency accountability. While this news is welcomed by many who have closely investigated COVID-19 origins, I believe future congressional action is essential to monitoring gain-of-function research of concern, reforming our public health agencies and protecting American life from risky experiments that involve dangerous virus transmission in humans.”

    BACKGROUND

    In the 118th Congress, Rep. Griffith chaired the House Committee on Energy and Commerce Subcommittee on Oversight & Investigations.

    Rep. Griffith chaired hearings on various issues, including but not limited to topics of biosafety and risky research. 

    Rep. Griffith was the lead Energy and Commerce Member in numerous forums with public health officials that were in various leadership positions during the outbreak of COVID-19, including working closely with the Select Subcommittee on the Coronavirus Pandemic.

    During this time, Chairman Griffith participated in closed-door transcribed interviews questioning former National Institute of Allergy and Infectious Diseases (NIAID) Director Dr. Anthony Fauci and questioning former National Institutes of Health (NIH) Director Dr. Frances Collins.

    Rep. Griffith was also a key figure in examining EcoHealth Alliance President Dr. Peter Daszak. 

    EcoHealth is the company that received grants from NIAID which in turn gave subgrants to the Wuhan Institute of Virology to conduct research on Coronavirus evolution and transmission. 

    Because of questions asked by Rep. Griffith related to significant inconsistencies and delays in required reports, among others, the U.S. Department of Health and Human Services recently announced that Dr. Daszak and EcoHealth Alliance would be debarred for five years, cutting them off from U.S. federal funding.

    In January of 2025, the Wall Street Journal reported that President Trump was considering an Executive Order to halt federal funding to gain-of-function research. In response, Rep. Griffith called on President Trump to scrutinize the country’s national gain-of-function research policy.

    Some of Rep. Griffith’s e-newsletters on these topics can be found here and here.

    In March, Rep. Griffith introduced the Risky Research Review Act and the Royalty Transparency Act to rein in the federal health bureaucracy.

    ###

    MIL OSI USA News

  • MIL-OSI USA: ICYMI: Beyer Fights For Feds

    Source: United States House of Representatives – Representative Don Beyer (D-VA)

    As Elon Musk and the Trump Administration expand their chaotic assault on the federal government and the workers and contractors who deliver its essential services to the American people, Northern Virginia Congressman Don Beyer continues to fight for civil servants who devote their careers to making this country stronger.

    On Thursday, Beyer announced the introduction of two bills to rehire federal workers fired by Trump and Musk, and to protect them from future civil service purges. On Saturday, Beyer hosted a jobs fair for federal workers with 40 companies, organizations, and other employers; attendance dwarfed expectations, with over 2,400 people ultimately participating in the event.

    Additional coverage from local news outlets:

    Government Executive: “Federal Employees Removed By Trump Would Have Easier Pathway Back To Government Service Under Democratic Bill”

    “Rep. Don Beyer, D-Va., who represents more than 72,000 federal workers, is introducing legislation to make it easier for government employees removed under the Trump administration to rejoin agencies and to deter a future president from undertaking a mass firing of the workforce.

    “The Restoring Employment and Hiring Incentives for Removed Employees (REHIRE) Act would deem any federal employee who was involuntarily removed during the period between Jan. 1, 2025, and Jan. 1, 2027, as preference eligible for competitive service appointments, a special candidate consideration in the federal hiring process normally afforded to veterans or their family members.”

    WUSA9: ‘I’m Ready To Work Seven Days A Week, Ten-Hour Days’ | Fired Federal Workers Flock To Alexandria Job Fair

    “Fired federal workers arrived at George Washington Middle School in Alexandria on Saturday, looking for their next career. A job fair hosted by Virginia Congressman Don Beyer featured more than 40 employers ready to hire now.

    “I think it tells you just how many people have been impacted by cuts already, or how many people are fearful that cuts may be coming to their positions,” said City of Alexandria Mayor Aliya Gaskins. “That’s huge for Alexandria, where we have over 16,000 residents who are federal workers.”

    “Everyone at the job fair, like Marianne Carliez, wished they didn’t have to be.

    “I’m this far away from cleaning houses so I can pay my mortgage,” said Carliez, whose career in foreign aid was cut short in January when federal cuts began. “It’s been 25 years of working hard, and I miss working. That’s just, that’s all I want. I want to work.”

    “Beyer organized the job fair for Carliez and the thousands of people in a similar situation.”

    Black Virginia News: Congressman Beyer’s job fair to assist federal workers and contractors will easily hit over 2,000 people

    WJLA7: New Bill Would Rehire Fired Federal Workers And Reform Probationary Period Rules

    “A group of House Democrats led by Northern Virginia Rep. Don Beyer has introduced two pieces of legislation aimed at rehiring and protecting federal workers.

    “The second bill, the PREP Act, aims to reform the probationary process for federal employees, impacting both new hires and those with new jobs or recent promotions.”

    ALXnow: City Of Alexandria Teams Up With Congressman Beyer For Federal Worker Job Fair On May 3

    “The event aims to connect job seekers with more than 40 companies and organizations looking to hire. Recruiters and hiring managers from various fields, including healthcare, IT, local government, military, consumer electronics, accounting and finance, and federal government professional services, will be there.”

    The Zebra: Beyer Sponsoring Job Fair for Federal Workers, Contractors

    “This fair is specifically for federal workers and contractors who have lost their jobs in recent months. “Every day, I’m hearing from so many of my constituents who have been laid off – or are afraid that they may be the next to lose their jobs,” said Beyer in an email announcement.”

    MIL OSI USA News

  • MIL-OSI: Kneat Expands Executive Leadership Team

    Source: GlobeNewswire (MIL-OSI)

    LIMERICK, Ireland, May 05, 2025 (GLOBE NEWSWIRE) — kneat.com, inc. (TSX: KSI) (OTC: KSIOF) (“Kneat” or the “Company”) a leader in digitizing and automating validation and quality processes, today announced the expansion of its executive leadership team.

    As a product-led company that continues to scale for efficiencies and satisfy the growing demand from global customers, Kneat’s innovation and product development are critical pillars for success. To optimise product operational excellence and strategic planning, Kneat is expanding its senior management team to provide the necessary strategic leadership, governance and cadence as it grows.

    In early June, Kevin Fitzgerald, Kneat co-founder and Chief Product Officer, will step out of his current role and not seek re-election to the Board of Directors to take on the newly created role of Chief Innovation Officer. This will enable Kevin to dedicate his focus and attention on the strategic vision and innovation of Kneat product, ensuring clarity of product definition and alignment of product requests and features to that vision.

    At that time, Donal O’Sullivan will join Kneat to fill the role of Chief Product Officer. Donal has more than 25 years’ experience in software development leadership roles. Donal joins Kneat from My Compliance Office where he is currently acting as CPO.

    Prior to this, Donal served as Global Head of Analytics Product Management in PICO Ltd for four years, having previously served in Corvil for 18 years as Head of product Management and Director of Product Management. His responsibilities included leading the Product Management team, Product Marketing, Sales Enablement, Pricing and Bundling product, as well as managing the Corvil Portfolio to deliver significant growth. PICO, a provider of IT performance and operational analytics systems, acquired Corvil, and Donal successfully merged the best of Corvil’s product capabilities with PICO’s strong record of service delivery.

    Donal’s varied and extensive software development and product management leadership experience will be hugely beneficial as we become a bigger company. With Donal on board and Kevin able to focus exclusively on developing the Kneat Gx platform to its full potential, we are better equipped to capture the exceptional opportunity in front of us today.

    – Eddie Ryan, Chief Executive Officer of Kneat. 

    About Kneat

    Kneat Solutions provides leading companies in highly regulated industries with unparalleled efficiency in validation and compliance through its digital validation platform Kneat Gx. As an industry leader in customer satisfaction, Kneat boasts an excellent record for implementation, powered by our user-friendly design, expert support, and on-demand training academy. Kneat Gx is an industry-leading digital validation platform that enables highly regulated companies to manage any validation discipline from end-to-end. Kneat Gx is fully ISO 9001 and ISO 27001 certified, fully validated, and 21 CFR Part 11/Annex 11 compliant. Multiple independent customer studies show up to 40% reduction in documentation cycle times, up to 20% faster speed to market, and a higher compliance standard.

    Cautionary and Forward-Looking Statements

    Except for the statements of historical fact contained herein, certain information presented constitutes “forward-looking information” within the meaning of applicable Canadian securities laws. Such forward-looking information includes, but is not limited to, the relationship between Kneat and the customer, Kneat’s business development activities, the use and implementation timelines of Kneat’s software within the customer’s validation processes, the ability and intent of the customer to scale the use of Kneat’s software within the customer’s organization, our ability to win business from new customers and expand business from existing customers, our expected use of the net proceeds from the IPF Facility and the public equity financing completed in both February and October 2024 and the anticipated effects thereof on the business and operations of the company, and the compliance of Kneat’s platform under regulatory audit and inspection. These and other assumptions, risks and uncertainties may cause Kneat’s actual results, performance, achievements and developments to differ materially from the results, performance, achievements or developments expressed or implied by forward-looking statements.

    For further information:

    Katie Keita, Kneat Investor Relations
    P: + 1 902-706-9074
    E: katie.keita@kneat.com

    The MIL Network

  • MIL-OSI USA: Nadler, Menendez, Malliotakis Introduce Legislation to Ban Non-Essential Helicopters in Wake of Hudson River Tragedy 

    Source: United States House of Representatives – Congressman Jerrold Nadler (10th District of New York)

    WASHINGTON, DC – Today, Representatives Jerrold Nadler (D-NY), Rob Menendez (D-NJ), and Nicole Malliotakis (R-NY) introduced the Improving Helicopter Safety Act, which bans all non-essential helicopter traffic within a 20-mile radius of the Statue of Liberty. The bill comes in the wake of the tragic crash of an air tourism helicopter into the Hudson River on April 10, which claimed the lives of six people.  

    “The tragic helicopter crash last month on the Hudson River was not an isolated incident; it was the latest in a long line of preventable tragedies in the New York metropolitan region’s increasingly crowded and poorly regulated airspace,” said Congressman Jerrold Nadler. “For far too long, non-essential helicopter flights have endangered public safety and shattered the peace of our neighborhoods. I am proud to introduce the bipartisan Improving Helicopter Safety Act with my colleagues, Rob Menendez and Nicole Malliotakis, to finally put an end to these dangerous flights in our region. We owe it to the victims, and to every resident living beneath these flight paths, to put safety first and prevent future disasters.” 

    “While we have consistently worked to address the impact of non-essential helicopters on our communities, last month’s tragic crash should be a clarion call for every level of government to take action on helicopter safety,” said Congressman Rob Menendez. “Rising congestion of non-essential helicopters, coupled with concerning safety records of air tourism operators, are causing a direct threat to public safety. Along with my colleagues from New Jersey and New York, we’re doing what is necessary to prevent tragedies like this from happening again.”  

    “The tragic crash that claimed six lives in the Hudson River isn’t an isolated event, it’s the clearest sign yet of an industry that has operated without meaningful oversight for far too long and continues to pose an unacceptable public safety threat,” said Congresswoman Nicole Malliotakis. “Congress must take action, which is why I’m joining my colleagues to introduce this bipartisan legislation to ban non-essential helicopter traffic within a 20-mile radius of the Statue of Liberty and finally rein in these helicopter tour companies.” 

    The crash on April 10 is part of a well-documented and escalating pattern of helicopter-related incidents in the New York Metropolitan Area. Since 1983, there have been at least 30 helicopter crashes in the region, resulting in at least 31 fatalities. In addition to furthering ongoing frustration over air traffic congestion in the region, this year’s crash also shed new light on serious concerns about regulatory oversight and operational standards for non-essential helicopter operations. 

    The bill is cosponsored by Representatives Grace Meng, Nydia Velázquez, and LaMonica McIver.  

    It is also supported by the grassroots advocacy organization Stop The Chop NY/NJ: “Stop the Chop NY/NJ commends Representatives Jerry Nadler, Rob Menendez, and Nicole Malliotakis for today’s introduction of the ‘Improving Helicopter Safety Act of 2025’ – common sense federal legislation that will, when passed, finally put an end to the dangerous helicopter conditions in the New York metropolitan area. For too long, tax-paying New Yorkers and Jerseyites have been subjected to excessive noise and air pollution, as well as the safety risks, of endless sightseeing and commuter helicopters flying, often at extremely low altitudes, over our homes, parks, and schools. We have sounded the alarm each time one of these nonessential helicopters has crashed while traversing our densely populated urban areas. However, the FAA has still not addressed the community’s concerns, harms, and pleas for relief. The multiple recent fatal crashes involving helicopters, coupled with the alarming shortage of air traffic controllers, demonstrate the need for immediate reform of the current Wild West-like conditions over NYC and surrounding communities. We also thank the additional Congressional co-sponsors: Representatives Grace Meng, Nydia Velázquez, and LaMonica McIver. This non-partisan issue negatively impacts all who live or work near the NYC and NJ heliports and/or along the helicopter flight paths. It is heartening to see our elected officials joining forces across state lines and party affiliations to end this public harm.” 

    For full bill text, click here. 

    ### 

    MIL OSI USA News

  • MIL-OSI USA: Kennedy in the Washington Times: Congress must help Trump admin hold IMF accountable

    US Senate News:

    Source: United States Senator John Kennedy (Louisiana)
    WASHINGTON – Sen. John Kennedy (R-La.), a member of the Senate Banking Committee, penned this op-ed in the Washington Times arguing that Congress must step up to help the Trump administration hold the International Monetary Fund (IMF) accountable for its dangerous lending practices.
    Key excerpts of the op-ed are below:
    “Treasury Secretary Scott Bessent recently argued that the United States must play a bigger role in global multinational organizations such as the International Monetary Fund, not a smaller role. He’s right, and Congress needs to join in this effort.
    “For several years, the IMF has acted more like a social justice fan club than a financial institution. It has strayed far from its original mission of promoting global monetary cooperation and economic stability by focusing on gender issues and climate change.
    “However, the problems at the IMF extend well beyond a failure to adhere to its mission. By making irresponsible lending decisions, the IMF has actively facilitated global instability by doling out billions of dollars to countries that promote terrorism and genocide.”
    . . .
    “Given that the U.S. is the IMF’s single largest financial contributor, this allocation was essentially a handout funded by American taxpayers to many countries that hate us. China received a roughly $38.3 billion dividend, Russia collected $16.2 billion, and Iran raked in $4.5 billion.”
    . . .
    “I introduced the No Dollars for Dictators Act to require congressional approval before a single penny’s worth of funding from the IMF goes to perpetrators of genocide or state sponsors of terrorism. Congress cannot sit on the sidelines while American tax dollars pour into the pockets of terrorists and dictators.
    “The Biden administration showed the world what chaos can unfold when the U.S. fails to put its interests first. The Trump administration is right to remind the IMF and organizations like it that America’s interests will not take a back seat to the whims of activists.”
    Read Kennedy’s full op-ed here.  Full text of the No Dollars for Dictators Act of 2025 is available here.

    MIL OSI USA News

  • MIL-OSI: Apogee Minerals Announces Acquisition of the May Lake Project Located in Saskatchewan, Canada

    Source: GlobeNewswire (MIL-OSI)

    Vancouver, British Columbia, May 05, 2025 (GLOBE NEWSWIRE) — Apogee Minerals Ltd. (“Apogee” or the “Company”) (TSXV: APMI) is pleased to announce that it has acquired a 100% interest in two mineral claims comprising the May Lake Project, located in the La Ronge Belt of northern Saskatchewan. The claims were acquired from an arm’s-length third-party for a total cash consideration of CAD $5,000. The two claims cover a total area of 4,502.2 hectares, situated approximately 240 kilometres north of the town of La Ronge. This acquisition marks a strategic addition to Apogee’s growing land position in one of Saskatchewan’s most prospective greenstone belts, which is known for its gold and base metal potential.

    May Lake Property Location:
    https://www.skyharbourltd.com/_resources/images/20250428-Location.jpg

    May Lake Property Summary:

    The May Lake Property lies at the boundary between the Rottenstone and La Ronge domains, host to a variety of deposit types including volcanogenic massive sulphide Cu-Zn-Pb orogenic gold and intrusion-hosted magmatic Ni-Cu deposits. The claims are underlain by interlayered, felsic, intermediate and mafic volcanics, as well as intermediate to felsic intrusives and metasediments. Several notable mineral occurrences are located on the claims. The most significant of these is a rusty andesite outcrop which returned up to 2090 ppm Cu (0.2%), along with anomalous Zn, gold and silver values. The property has not seen a great deal of exploration historically and significant potential for the discovery of volcanogenic massive sulphide Cu-Zn-Pb and orogenic gold mineralization exists on the property.

    May Lake Geology:
    https://www.skyharbourltd.com/_resources/images/20250428-May-Lake-Geology.jpg

    Qualified Person:

    Sean Cross, P.Geo., a “qualified person” for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects and a Consulting Geologist, has prepared, reviewed, and approved the scientific and technical disclosure in this news release.

    About Apogee Minerals Ltd.:

    Apogee Minerals Ltd. is a mineral exploration company. Our goal is to build shareholder value through mineral project acquisitions and advancement, as well as new mineral discoveries.

    To find out more about Apogee Minerals Ltd. (TSX-V: APMI) visit the Company’s website: 
    www.apogeemineralsltd.com

    Apogee Minerals Ltd.

    “Tim Fernback”

    Tim Fernback
    Interim CEO and Director

    For further information, please contact:

    Apogee Minerals Ltd.
    Nicholas Coltura, Director
    Email: ncoltura@sentinelmarket.com

    Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

    Cautionary Statements Regarding Forward-Looking Information

    This release includes certain statements that may be deemed to be “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedarplus.ca for further information.

    The MIL Network

  • MIL-OSI: Univest Securities, LLC Announces Closing of $5.5 Million PIPE Offering for its Client GD Culture Group Limited (NASDAQ: GDC)

    Source: GlobeNewswire (MIL-OSI)

    New York, New York, May 05, 2025 (GLOBE NEWSWIRE) — Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of private placement (the “Offering”) for its client GD Culture Group Limited (NASDAQ: GDC) (the “Company”), a company currently conducting business mainly through its subsidiaries, AI Catalysis Corp. (“AI Catalysis”) and Shanghai Xianzhui Technology Co, Ltd.

    Under the terms of the securities purchase agreement, the Company has agreed to sell to several purchasers an aggregate of 1,115,600 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) at a purchase price of $0.524 per share in the Offering, and pre-funded warrants (the “Pre-Funded Warrants”) to purchase up to an aggregate of 9,380,582 shares of Common Stock at a purchase price of $0.523 per Pre-Funded Warrant in the Offering. The Pre-Funded Warrants are first exercisable the date on which the Company obtains stockholder approval approving the exercise of the Pre-Funded Warrants.

    The aggregate gross proceeds to the Company were approximately $5.5 million. The Company intends to use the net proceeds from the Offering for working capital purposes.

    Univest Securities, LLC acted as the sole placement agent.

    The securities described above are being offered in a private placement pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Act”), and/or Rule 506(b) of Regulation D promulgated thereunder and have not been registered under the Act or applicable state securities laws. Accordingly, the securities may not be resold absent registration under the Act or an applicable exemption from such registration requirements. The Company has agreed to file a resale registration statement with the U.S. Securities and Exchange Commission for purposes of registering the resale of the common stock issued or issuable in connection with the private placement.

    This press release shall not constitute an offer to sell or a 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 Univest Securities, LLC

    Registered with FINRA since 1994, Univest Securities, LLC provides a wide variety of financial services to its institutional and retail clients globally including brokerage and execution services, sales and trading, market making, investment banking and advisory, wealth management. It strives to provide clients with value-add service and focuses on building long-term relationship with its clients. For more information, please visit: www.univest.us.

    About GD Culture Group Limited

    GD Culture Group Limited (the “Company”) (Nasdaq: GDC), is a Nevada company currently conducting business mainly through its subsidiaries, AI Catalysis Corp. (“AI Catalysis”) and Shanghai Xianzhui Technology Co, Ltd. The company plans to enter into the livestreaming market with focus on e-commerce through its wholly owned U.S. subsidiary, AI Catalysis, a Nevada corporation incorporated in May 2023. The Company’s main businesses include AI-driven digital human technology, live-streaming e-commerce business. For more information, please visit the Company’s website at https://www.gdculturegroup.com/.

    Forward-Looking Statements

    This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. Univest Securities LLC and the Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

    For more information, please contact:

    Univest Securities, LLC
    Edric Guo
    Chief Executive Officer
    75 Rockefeller Plaza, Suite 18C
    New York, NY 10019
    Phone: (212) 343-8888
    Email: info@univest.us

    The MIL Network

  • MIL-OSI: $40M in Rewards. $3.7M Liquidity. Cedar Is Launching on Solana!

    Source: GlobeNewswire (MIL-OSI)

    London, UK, May 05, 2025 (GLOBE NEWSWIRE) — One of the most anticipated launches on Solana in 2025 is here, and it’s not a game, not a meme, and not a hype-only token. It’s Cedar — and if you’ve been in crypto for more than a minute, you may already have heard about what’s coming.

    The evolution of two Binance Smart Chain tokens, including the largest community-driven rewards token in history — distributing a staggering $40 million in BUSD directly to holders. No inflated APRs. No liquidity traps. Just real stablecoin-based income paid out on-chain.

    Now Cedar is reborn — and it’s making its most important move yet: a fully revamped launch on Solana, designed for transparency, decentralization, and actual, tangible value for the people who hold it.

    Cedar’s Triple Rewards Engine

    As Cedar makes its move to Solana, it brings with it a uniquely structured system of three powerful ways for holders to earn real rewards — not just hype, but actual, on-chain value.

    1. Liquidity Fee Sharing
      Instead of LP fees going into the pockets of anonymous founders or early backers, Cedar flips the model. Their massive $3.7 million SOL-backed liquidity pool is designed to support deep, stable trading — and it’s the holders who benefit from the fee revenue, not some hidden team wallet.
    2. Pre-Funded Community Treasury
      Cedar’s DAO already controls a nearly $1 million rewards fund, set aside to directly benefit the community. This isn’t a future roadmap promise — it’s real, existing capital, ready to be deployed as part of Cedar’s long-term reward plan.
    3. Ecosystem Revenue (Powered by Atlas Wallet)
      Cedar’s first major utility, Atlas Wallet, has been in the works for over 2.5 years — and it’s almost ready to go live.
      This isn’t a prototype; it’s a security-auditeduser-tested, and fully developed product:
    • Audited by Kudelski Security (who audited Phantom Wallet) and by Certik, one of crypto’s top audit firms
    • Put through a full beta cycle with real users over a 12 month period. 

    Atlas is aiming high — toward the MetaMask and Phantom tier of wallets, where monthly revenues can hit $25 million or more. But what sets Cedar apart is this: profits from Atlas won’t go to a private company — they’ll flow back to the Cedar community. If you hold the token, you share in the upside.

    A Project with Proven Loyalty and Leadership

    Cedar is governed by an 11-member DAO, consisting of long-time project veterans — the same people who helped it distribute millions in stablecoin rewards in 2021. Unlike many new projects with mysterious teams, Cedar is built by people with a track record and a name in the community.

    Solana has seen many launches. Cedar may be the first that combines real liquidity, real rewards, and real products into a fully decentralized offering with zero fluff.

    Stay Ahead of the Curve:

    About Cedar DAO

    Cedar DAO is a decentralized finance project focused on delivering stable, community-powered rewards. Originally launched in 2021 on Binance Smart Chain, Cedar distributed $40 million in stablecoin-based payouts to users before preparing its next chapter. Now launching on Solana with $3.7M in $SOL liquidity and $1M in DAO-held rewards, Cedar brings real utility via Atlas Wallet — a premium, audited product that shares revenue with its holders. Built by a long-standing team and governed entirely by its community, Cedar is redefining what it means to launch on Solana.

    Website | X | Telegram | Discord

    About Atlas Wallet

    Atlas Wallet is a secure, all-in-one crypto wallet built for today’s multi-chain world. Designed to support both everyday users and advanced crypto investors, Atlas provides seamless access to top networks including Solana, Ethereum, BSC, PulseChain, Bitcoin, Cardano, Avalanche, Polygon, and Cronos. Whether you’re managing tokens, exploring DeFi, or storing assets long-term, Atlas brings best-in-class usability and security to every corner of the blockchain. It’s the only wallet most users will ever need — and the backbone of Cedar’s product-driven ecosystem.

    Website | X

    Cedar DAO

    Committee 
    press(at)cedardao.com
    https://www.cedardao.com

    Disclaimer: The information provided in this release is not investment advice, financial advice, or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor) before investing or trading securities and cryptocurrency.

    The MIL Network

  • MIL-OSI: AGF Reports April 2025 Assets Under Management and Fee-Earnings Assets

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 05, 2025 (GLOBE NEWSWIRE) — AGF Management Limited reported total assets under management (AUM) and fee-earning assets1 of $51.3 billion as at April 30, 2025.


    AUM

    ($ billions)

    April 30,  

    2025  

    March 31, 2025  

    % Change  

    Month-Over-  
    Month  

    April 30,  

    2024  

    % Change  
    Year-Over-  
    Year  
    Total Mutual Fund $29.3   $29.8     $26.2    
    Exchange-traded funds + Separately managed accounts $2.8   $3.0     $1.9    
    Segregated accounts and Sub-advisory $6.2   $6.2     $7.2    
    AGF Private Wealth $8.3   $8.5     $7.8    
    Subtotal
    (before AGF Capital Partners AUM and fee-earning assets1)
    $46.6   $47.5     $43.1    
    AGF Capital Partners $2.6   $2.5     $2.6    
    Total AUM $49.2   $50.0   -1.6%   $45.7   7.7%  
    AGF Capital Partners fee-earning assets1 $2.1   $2.1     $2.1    
    Total AUM and fee-earning assets1 $51.3   $52.1   -1.5%   $47.8   7.3%  
               
    Average Daily Mutual Fund AUM $28.6   $30.1     $26.4    
               

    1 Fee-earning assets represent assets in which AGF has carried interest ownership and earns recurring fees but does not have ownership interest in the managers.

    Mutual Fund AUM by Category
    ($ billions)
    April 30,  
    2025  
    March 31, 2025   April 30,  
    2024  
    Domestic Equity Funds $4.3   $4.4   $4.1  
    U.S. and International Equity Funds $18.0   $18.1   $15.4  
    Domestic Balanced Funds $0.1   $0.1   $0.1  
    U.S. and International Balanced Funds $1.4   $1.7   $1.6  
    Domestic Fixed Income Funds $2.0   $2.0   $1.6  
    U.S. and International Fixed Income Funds $3.2   $3.2   $3.1  
    Domestic Money Market $0.3   $0.3   $0.3  
    Total Mutual Fund AUM $29.3   $29.8   $26.2  
    AGF Capital Partners AUM and fee-
    earning assets

    ($ billions)
    April 30,  
    2025  
    March 31, 2025   April 30,  
    2024  
    AGF Capital Partners AUM $2.6   $2.5   $2.6  
    AGF Capital Partners fee-earning assets $2.1   $2.1   $2.1  
    Total AGF Capital Partners AUM and fee-earning assets $4.7   $4.6   $4.7  

    About AGF Management Limited

    Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.

    AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.

    Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With over $51 billion in total assets under management and fee-earning assets, AGF serves more than 815,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

    AGF Management Limited shareholders, analysts and media, please contact:

    Nick Smerek
    VP, Financial Planning & Analysis
    416-865-4337, InvestorRelations@agf.com

    The MIL Network

  • MIL-OSI: Dime Adds Fund Finance Banking Vertical

    Source: GlobeNewswire (MIL-OSI)

    HAUPPAUGE, N.Y., May 05, 2025 (GLOBE NEWSWIRE) — As part of the continued execution of its growth plan, Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), announced the launch of a new fund finance vertical. Led by Michael Watts, the Fund Finance vertical will provide customized fund-level financing to the private equity industry and expand Dime’s coverage across this ecosystem. Watts, who will be based in Manhattan, was most recently a Senior Vice President at East West Bank.

    Stuart H. Lubow, President and Chief Executive Officer of Dime, said, “We are committed to growing our coverage, and position Dime for success, as we respond to the growth in the Fund Finance space. The addition of this vertical is yet another example of targeted strategic investments to expand our commercial expertise and capabilities. For the twelve month period ended March 31, 2025, Dime grew Business loans by over $450 million and we expect Fund Finance to contribute to future growth once we get the vertical up and running.”

    The expansion into Fund Finance, which follows the previous successful buildouts of a Healthcare vertical and a Not-for-Profit vertical, is part of Dime’s recent geographic and vertical expansion. Dime is focused on expanding capabilities and industry-specific coverage expertise by recruiting talented individuals from a variety of financial institutions.

    “Dime has strong momentum and is firmly establishing diversification in its business lines. Within the Fund Finance space, there is an opportunity for Dime to help private equity firms and their portfolio companies with bespoke solutions. I’m looking forward to Michael being part of Dime’s growth and leading the Bank’s efforts in this new vertical,” said Tom Geisel, Dime’s Senior Executive Vice President of Commercial Lending.

    ABOUT DIME COMMUNITY BANCSHARES, INC.

    Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $14 billion in assets and the number one deposit market share among community banks on Greater Long Island (1).

    Dime Community Bancshares, Inc.
    Investor Relations Contact:
    Avinash Reddy
    Senior Executive Vice President – Chief Financial Officer
    Phone: 718-782-6200; Ext. 5909
    Email: avinash.reddy@dime.com

    1 Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than $20 billion in assets.

    FORWARD-LOOKING STATEMENTS

    Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.

    The MIL Network

  • MIL-OSI: Canoe EIT Income Fund Announces May 2025 Monthly Distribution and Quarterly Distribution on Preferred Units

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, May 05, 2025 (GLOBE NEWSWIRE) — Canoe EIT Income Fund (the “Fund”) (TSX – EIT.UN) announces the May 2025 monthly distribution of $0.10 per unit. Additionally, the Fund announces a quarterly distribution for preferred units. Cumulative Redeemable Series 1 (EIT.PR.A) and Series 2 Preferred (EIT.PR.B) unitholders will receive a distribution of $0.30 per unit. Unitholders of record on May 23, 2025, will receive distributions payable on June 13, 2025.

    About Canoe EIT Income Fund
    Canoe EIT Income Fund is one of Canada’s largest closed-end investment funds, designed to maximize monthly distributions and capital appreciation by investing in a broadly diversified portfolio of high quality securities. The Fund is listed on the TSX under the symbol EIT.UN, and is actively managed by Robert Taylor, Senior Vice President and Chief Investment Officer, Canoe Financial.

    About Canoe Financial
    Canoe Financial is one of Canada’s fastest growing independent mutual fund companies managing approximately $20.0 billion in assets across a diversified range of award-winning investment solutions. Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe Financial has a significant presence across Canada, including offices in Calgary, Toronto and Montreal.

    For further information, please contact:
    Investor Relations
    1–877–434–2796
    www.canoefinancial.com 
    info@canoefinancial.com

    Not for Distribution to U.S. Newswire Services or for Dissemination in the United States of America.

    The Fund makes monthly distributions of an amount comprised in whole or in part of Return of Capital (ROC) of the net asset value per unit. A ROC reduces the amount of your original investment and may result in the return to you of the entire amount of your original investment. ROC that is not reinvested will reduce the net asset value of the fund, which could reduce the fund’s ability to generate future income. You should not draw any conclusions about the fund’s investment performance from the amount of this distribution.

    Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the information filed about the fund on www.sedar.com before investing. Investment funds are not guaranteed and past performance may not be repeated.

    This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Such an offer can only be made by way of a prospectus or other applicable offering document and should be read carefully before making any investment. This release is for information purposes only. Investors should consult their Investment Advisor for details and risk factors regarding specific strategies and various investment products.

    The MIL Network

  • MIL-OSI: Precipitate to Present at the OTC’s Metals & Mining Virtual Investor Conference May 6th at 2:00pm (EST)

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, May 05, 2025 (GLOBE NEWSWIRE) — Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG, OTCQB: PREIF) is pleased to announce that the Company’s President & CEO, Jeffrey Wilson will present live at the OTC’s Metals & Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on May 6th.

    DATE: May 6, 2025
    PRESENTATION TIME: 2:00pm ET (11:00 am Pacific Standard Time)
    PRESENTATION LINK: REGISTER HERE

    Available for 1×1 meetings with Company CEO, Jeffrey Wilson:
    Monday, May 5th, 12:00pm EST to 8:00pm EST
    Tuesday, May 6th, 12:00pm EST to 1:00pm EST
    Wednesday, May 7th, 12:00pm EST to 1:00pm EST and 5pm EST
    Thursday, May 8th, 12:00pm EST to 1:00pm EST
    Alternative times can be arranged directly

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

    It is recommended that online investors pre-register to expedite participation and receive event updates. Learn more about the event at www.virtualinvestorconferences.com.

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

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

    About Precipitate Gold:
    Precipitate Gold Corp. is a mineral exploration company focused on exploring and advancing its mineral property interests in the Dominican Republic, including its 100% owned Juan de Herrera project located immediately adjacent to GoldQuest Mining’s Romero Project, its 100% owned Pueblo Grande project located immediately adjacent to the Pueblo Viejo mine operated by Barrick, and its 100% owned Ponton project located 30km east of the Pueblo Viejo mine. Precipitate is also actively evaluating additional high-impact property acquisitions with the potential to expand the Company’s portfolio and increase shareholder value, in other favourable jurisdictions.

    Additional information can be viewed at the Company’s website www.precipitategold.com.

    On Behalf of the Board of Directors of Precipitate Gold Corp.,
    “Jeffrey Wilson”
    President & CEO
    For further information, please contact:

    Tel: 604-558-0335 Toll    Free: 855-558-0335    investor@precipitategold.com

    Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    This press release may contain “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “proposed”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Precipitate Gold Corp.’s (“Precipitate” or the “Company”) current beliefs and is based on information currently available to Company and on assumptions it believes are reasonable. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Precipitate to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the exploration concessions may not be granted on terms acceptable to the Company, or at all; general business, economic, competitive, political and social uncertainties; the concessions acquired by the Company may not have attributes similar to those of surrounding properties; delay or failure to receive governmental or regulatory approvals; changes in legislation, including environmental legislation affecting mining; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. Although Precipitate has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Precipitate does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

    The MIL Network