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Category: Business

  • MIL-OSI Banking: Cell and gene therapy market set to grow at 31.3% CAGR through 2030, forecasts GlobalData

    Source: GlobalData

    Cell and gene therapy market set to grow at 31.3% CAGR through 2030, forecasts GlobalData

    Posted in Pharma

    The global dermatological cell and gene therapy (CGT) market is poised for exceptional growth at a compound annual growth rate (CAGR) of 31.3%, with sales projected to rise from $291 million in 2024 to $1.5 billion in 2030. Significant advancements in treatments for dermatology disorders are anticipated, driven by innovations from both small to mid-size pharma and biotech companies, says GlobalData, a leading data and analytics company.

    Krystal Biotech’s Vyjuvek (beremagene geperpavec), the first-ever and only redosable gene therapy, received FDA approval in May 2023 for dystrophic epidermolysis bullosa (DEB), a serious rare genetic disease that affects the skin and mucosal tissue.

    Momna Ali, Healthcare Analyst at GlobalData, comments: “GlobalData anticipates future therapies in development to treat DEB will likely be the primary driving force of market growth of the dermatology CGT landscape, contributing $1.2 billion by 2030, accounting for 80.11% of total CGT sales.”

    As per the key opinion leaders (KOLs) interviewed by GlobalData, there has been a heavy focus on DEB due to it being one of the first indications where gene therapy was actively pursued. It has remained the primary focus in gene therapy as there is a huge unmet need given that current treatments, apart from Vyjuvek, are supportive and palliative.

    Ali adds: “There is an opportunity for geographical expansion for the existing players in the CGT space, Krystal Biotech’s Vyjuvek and Rheacell Pharmaceutical’s Amesanar, resulting in gene therapies potentially dominating the CGT market in dermatology disorders.”

    In February 2025, Krystal Biotech received a positive opinion for Vyjuvek to treat DEB from the Committee for Medicinal Products for Human Use (CHMP), with the final EC decision anticipated in Q2 2025. Aditionally, anticipates a regulatory decision on its DEB mesenchymal stem cell therapy (ABCB5+ MSCs) within the next few years, potentially enabling a launch in the US. Additional market opportunities include further expansion in the EU beyond Germany and the UK.”

    Although the landscape outlook appears to be positive, market challenges remain. KOLs noted that the key hurdles are associated with the administration of gene therapies, which pose a challenge to treatment delivery, such as immune responses to vectors or gene products, as well as mutagenicity. However, companies are developing less immunogenic viral vectors and exploring non-invasive methods such as topical delivery systems. For example, in 2023, Krystal Biotech set a precedent for a topical gene therapy utilizing HSV-1 vectors in the dermatology market.

    Ali concludes: “Despite the challenges such as safe delivery of genetic material, pricing, and access barriers, GlobalData anticipates significant growth in the global dermatological CGT market in the future. This growth is expected to be driven by two key factors: strong demand from patients seeking curative treatments for their diseases, and widespread interest among both small and mid-pharma companies in discovering the next breakthrough transformative gene therapy to give Krystal Biotech’s Vyjuvek some solid competition.”

    MIL OSI Global Banks –

  • MIL-OSI Banking: Influencers sound alarm on US recession driven by tariff-induced economic turmoil, reveals GlobalData

    Source: GlobalData

    Influencers sound alarm on US recession driven by tariff-induced economic turmoil, reveals GlobalData

    Posted in Business Fundamentals

    In April 2025, discussions surrounding the recession topic on social media increased by nearly 70% compared to the previous month, driven by growing concerns over economic instability. This marked the highest level of discourse since January 2025, reflecting heightened public anxiety regarding the state of the economy, while influencer sentiment on the topic declined by 25% in April compared to the prior month, reveals the Social Media Analytics Platform of GlobalData, a leading data and analytics company.

    A key factor fueling this surge in discussions was the imposition of substantial US tariffs under the Trump administration, which drew parallels to the Smoot-Hawley Tariff Act of 1930, often linked to the onset of the Great Depression. Influencers cautioned that these tariffs, among the highest imposed since the 1920s, could lead to inflation, reduced consumer spending, and weakened global competitiveness, thereby increasing the risk of a recession.

    Shreyasee Majumder, Social Media Analyst at GlobalData, comments: “Influencers characterized the tariffs as a detrimental policy destabilizing the economy, increasing risks of stagflation or recession. They emphasized the uncertainty surrounding the tariffs’ duration, warning that prolonged enforcement could entrench economic downturn risks. Their discourse, conveyed with urgency, condemned the tariffs as reckless, forecasting severe recessionary or depression-like consequences. Influencers stressed on the tariffs’ immediate adverse effects, global trade implications, and disruption of prior economic stability as driving the recession narrative.”

    Below are a few popular influencer opinions captured by GlobalData’s Social Media Analytics Platform:

    1. Sadaf Sayeed, Chief Executive Officer at Muthoot Microfin Ltd:

    “Ultimately US consumers will end up paying for these tariffs. US will face massive inflation and crash of consumer confidence. Recession is certain.”

    1. Brett House, Economist:

    “I joined @kcalnews to explain why President Trump’s tariffs are a tax on American households—not a “liberation.” They’re set to raise costs, squeeze supply chains, and risk triggering the first White House-induced recession in the postwar era.”

    1. Lawrence H. Summers, Charles W. Eliot Professor and President Emeritus at Harvard:

    “This has probably been the least successful first hundred days of a presidency @realDonaldTrump on the economy in the last century. We have seen the stock market go down, the dollar go down, forecasts of unemployment go up, forecasts of inflation go up, forecasts on the odds of a recession go up. We’ve seen consumer confidence collapse. We’ve seen businesses take back all their previous earnings projections. So, this has been a disastrous hundred days for the US economy.”

    1. Robinson Meyer, Founding Executive Editor at Heatmap News:

    “What remains astonishing is that this isn’t a “natural” recession. There’s no cyclical slowdown or housing bubble. Consumers were holding up okay. This is about one man choosing to crash the economy because of a dumb idea, and 273 of his party’s lawmakers letting him do it.”

    1. Mehdi Hasan, Editor-in-chief and CEO of Zeteo News:

    “He inherited the fast growing economy in the western world, with one of the lowest unemployment rates, and he is now ‘fixing’ it by ushering in a global trade war and possible recession.”

    1. John Ashcroft, Founder at John Ashcroft and The Saturday Economist:

    “US tariffs ‘will push UK, Europe and Asia into recession’ Economists rip up forecasts for global growth as the White House increases average tariffs from 2.5% to 25% …  highest since the 1920s …”

    MIL OSI Global Banks –

  • MIL-OSI Banking: Consumers switch to local products and value alternatives amid rising tariffs and price pressures, says GlobalData

    Source: GlobalData

    Consumers switch to local products and value alternatives amid rising tariffs and price pressures, says GlobalData

    Posted in Consumer

    In an increasingly complex global landscape shaped by inflation, rising tariffs, and political volatility, consumer behavior is undergoing a profound transformation. Cost-of-living pressures and trade policy disruptions are not only fueling economic anxiety but also prompting tangible shifts in how and why consumers shop. These forces are accelerating a move toward value-driven decision-making, increased scrutiny of product origin, and a growing preference for local alternatives, according to the Q1 2025 consumer survey* by GlobalData, a leading data and analytics company.

    Concerns over trade-related inflation are widespread. More than half (56%) of global consumers say they are “extremely” or “quite concerned” about the impact of trade wars and import tariffs on the prices of the products they buy. This concern is even more pronounced in countries directly affected by US trade policy, including Canada (66%) and Mexico (62%). Despite being at the center of trade friction, China stands out for its lower levels of concern, with 40% of respondents saying they are not worried about tariffs, highlighting regional differences in public perception and economic insulation.

    Prerana Manral, Senior Consumer Analyst at GlobalData, comments: “These concerns are not abstract. They are driving tangible changes in consumer behavior across everyday categories such as food, drinks, toiletries, clothing, and homewares. According to the survey, 54% of consumers are now checking or comparing prices online before making a purchase, and 47% are switching to cheaper brand alternatives.

    “Private labels are seeing a notable rise, with 33% of consumers saying they are buying more store-owned brands to manage costs. Additionally, 38% of shoppers are turning to discount retailers or cheaper outlets, while nearly one-third (32%) have stopped buying certain products altogether because they have become too expensive.”

    Manral continues: “Trade policy is no longer just an economic lever; it’s a force that is reshaping everyday consumer choices. What we’re seeing is a structural shift in how people engage with brands and pricing. Consumers are now making sharper, more value-conscious decisions, and many are actively abandoning higher-priced products or stores.”

    Beyond pricing responses, the survey highlights a growing ideological and environmental awareness in consumer preferences, particularly around product origin. On average, 68% of the respondents globally say they prefer to buy local products: 67% cite price, or 65% say environmental friendliness, as the main reasons, while 71% say they do so to support local brands.

    Political sentiment is also playing an influential role, with 58% of global consumers* reporting that recent political events have made them more attentive to the country of origin of products they purchase. This intersection of cost-consciousness and conscious consumerism is emerging as a powerful force in a politically volatile economy. While affordability remains the entry point, values such as environmental impact and national loyalty are increasingly determining purchasing behavior.

    Manral concludes: “As consumers increasingly respond to rising tariffs and price pressures by shifting toward local products and value-driven alternatives, FMCG companies must recognize this as a long-term behavioral shift rather than a temporary adjustment. To remain competitive and relevant, brands should invest in localized sourcing and production, expand affordable and private-label offerings, and strengthen communication around value, sustainability, and origin.”

    *GlobalData 2025 Q1 global consumer survey, 22,000 respondents across 42 countries

    MIL OSI Global Banks –

  • MIL-OSI USA: Shapiro Administration Kicks off Small Business Week, Highlights Investments in Pennsylvania’s Downtowns and Main Streets

    Source: US State of Pennsylvania

    May 02, 2025 – Hamburg, PA

    Shapiro Administration Kicks off Small Business Week, Highlights Investments in Pennsylvania’s Downtowns and Main Streets

    Today, Department of Community and Economic Development (DCED) Secretary Rick Siger joined local leaders in a tour of downtown Hamburg, Berks County, to urge Pennsylvanians to support small businesses during Pennsylvania Small Business Week – May 4 through May 10, 2025. Secretary Siger also announced Hamburg received the first Main Street designation through the new Main Street Matters program, which supports downtown business districts with tools to create healthy, vibrant communities.

    Created last year by Governor Josh Shapiro, Main Street Matters is a key part of Pennsylvania’s 10-year Economic Development Strategy to help revitalize downtowns, support small businesses, and strengthen local economies. Governor Shapiro and Secretary Siger recently announced investments in 81 community projects through the program, including $100,000 for the Downtown Hamburg Facade Improvement Program.

    This historic investment in Pennsylvania’s Main Streets was thanks to Governor Shapiro’s work to create the Main Street Matters program and secure $20 million for it in the 2024-25 bipartisan budget. The Governor’s 2025-26 budget proposal includes another $20 million for this successful initiative.

    Speakers:
    Rick Siger, DCED Secretary
    Deena Kershner, Executive Director, Our Town Foundation
    Lynn Weller, Assistant Director, Our Town Foundation
    Alyssa Mengel Wentz, Owner, AEC Market

    MIL OSI USA News –

  • MIL-OSI: Oxbridge Re Announces 2025 First Quarter Results on May 12, 2025

    Source: GlobeNewswire (MIL-OSI)

    GRAND CAYMAN, Cayman Islands, May 02, 2025 (GLOBE NEWSWIRE) — Oxbridge Re Holdings Limited (NASDAQ: OXBR), (the “Company”), which together with its subsidiaries is engaged in the business of tokenized Real-World Assets (“RWAs”), initially in the form of tokenized reinsurance securities, and reinsurance business solutions to property and casualty today, announced that it plans to hold a conference call on Monday May 12, 2025 at 4:30 p.m. Eastern time to discuss results for the first quarter ending March 31, 2025. Financial results will be issued in a press release after the close of the market on the same day. Oxbridge Re’s management will host the conference call, followed by a question and answer period.

    Interested parties can listen to the live presentation by dialing the listen-only number below.

    Date: May 12, 2025
    Time: 4:30 p.m. Eastern time
    Listen-only toll-free number: 877 524-8416
    Listen-only international number: +1 412 902-1028
     

    Please call the conference telephone number 10 minutes before the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact InComm Conferencing at +1-201-493-6280

    A replay of the call will be available by telephone after 4:30 p.m. Eastern time on the same day of the call until May 26, 2025.

    Toll-free replay number: 877-660-6853
    International replay number: +1 201-612-7415
    Replay passcode: 13753764
     

    About Oxbridge Re Holdings Limited

    Oxbridge Re Holdings Limited (NASDAQ: OXBR, OXBRW) (“Oxbridge Re”) is headquartered in the Cayman Islands. The company offers tokenized Real-World Assets (“RWAs”) as tokenized reinsurance securities and reinsurance business solutions to property and casualty insurers, through its subsidiaries SurancePlus Inc, Oxbridge Re NS, and Oxbridge Reinsurance Limited.

    Insurance businesses in the Gulf Coast region of the United States purchase property and casualty reinsurance through our licensed reinsurers Oxbridge Reinsurance Limited and Oxbridge Re NS.

    Our Web3-focused subsidiary, SurancePlus Inc., has developed the first “on-chain” reinsurance RWA of its kind to be sponsored by a subsidiary of a publicly traded company. By digitizing interests in reinsurance contracts as on-chain RWAs, SurancePlus has democratized the availability of reinsurance as an alternative investment to both U.S. and non-U.S. investors.

    Company Contact:
    Oxbridge Re Holdings Limited
    Jay Madhu, CEO
    +1 345-749-7570
    jmadhu@oxbridgere.com

    The MIL Network –

  • MIL-OSI: District Court Dismisses Dispute Filed by United Therapeutics Against Liquidia

    Source: GlobeNewswire (MIL-OSI)

    • Court will not hear cross-claim that challenges the PH-ILD indication in the tentatively approved NDA for YUTREPIA
    • FDA can grant final approval of YUTREPIA after blocking regulatory exclusivity expires on May 23, 2025

    MORRISVILLE, N.C., May 02, 2025 (GLOBE NEWSWIRE) — Liquidia Corporation (NASDAQ: LQDA), a biopharmaceutical company developing innovative therapies for patients with rare cardiopulmonary disease, today announced that Judge Kelly of the U.S. District Court for the District of Columbia (District Court) dismissed, without prejudice, the cross-claim filed by United Therapeutics (UTHR) that sought to challenge Liquidia’s amendment to its New Drug Application (NDA) for YUTREPIA™ (treprostinil) inhalation powder, which added the treatment of pulmonary hypertension associated with interstitial lung disease (PH-ILD) to the proposed label for YUTREPIA. In its ruling, the District Court determined that UTHR’s claim was unripe and that UTHR had failed to plausibly allege that it has standing.

    Dr. Roger Jeffs, CEO, Liquidia said: “We are pleased with the court’s decision to dismiss this cross-claim, specifically holding that UTHR failed to establish standing. We also continue to believe that the FDA was correct to accept, and subsequently tentatively approve, our amended NDA for YUTREPIA to include the PH-ILD indication. We remain laser focused on the potential final approval of YUTREPIA following the expiration of gating regulatory exclusivity on May 23, 2025, and look forward to delivering what we believe will become the prostacyclin of first choice for patients with PAH and PH-ILD and the physicians who treat them.”

    UTHR has the right to appeal the Court’s ruling.

    The FDA has set a Prescription Drug User Fee Act (PDUFA) goal date for the YUTREPIA NDA of May 24, 2025.

    About Liquidia Corporation
    Liquidia Corporation is a biopharmaceutical company developing innovative therapies for patients with rare cardiopulmonary disease. The company’s current focus spans the development and commercialization of products in pulmonary hypertension and other applications of its proprietary PRINT® Technology. PRINT enabled the creation of Liquidia’s lead candidate, YUTREPIA™ (treprostinil) inhalation powder, an investigational drug for the treatment of pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD). The company is also developing L606, an investigational sustained-release formulation of treprostinil administered twice-daily with a next-generation nebulizer, and currently markets generic Treprostinil Injection for the treatment of PAH. To learn more about Liquidia, please visit www.liquidia.com.

    Cautionary Statements Regarding Forward-Looking Statements 
    This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical facts, including statements regarding our future results of operations and financial position, our strategic and financial initiatives, our business strategy and plans and our objectives for future operations, are forward-looking statements. Such forward-looking statements, including statements regarding clinical trials, clinical studies and other clinical work (including the funding therefor, anticipated patient enrollment, safety data, study data, trial outcomes, timing or associated costs), regulatory applications and related submission contents and timelines, including the potential for final FDA approval of the NDA for YUTREPIA, the timeline or outcome of the cross-claims that United Therapeutics has brought against the FDA, the timeline or outcome related to patent litigation in the U.S. District Court for the District of Delaware, including rehearings or appeals of decisions in any such proceedings, the issuance of patents by the USPTO and our ability to execute on our strategic or financial initiatives, involve significant risks and uncertainties and actual results could differ materially from those expressed or implied herein.   The decisions of courts or other tribunals are not determinative of the outcome of the appeals or rehearings of the decisions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “would,” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of risks discussed in our filings with the SEC, as well as a number of uncertainties and assumptions. Moreover, we operate in a very competitive and rapidly changing environment and our industry has inherent risks. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the future events discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that these goals will be achieved, and we undertake no duty to update our goals or to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact Information

    Investors:
    Jason Adair
    Chief Business Officer
    919.328.4350
    jason.adair@liquidia.com

    Media:
    Patrick Wallace
    Director, Corporate Communications
    919.328.4383
    patrick.wallace@liquidia.com

    The MIL Network –

  • MIL-OSI: Gran Tierra Energy Announces Final Voting Results of its Annual Meeting of Stockholders

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta , May 02, 2025 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced the voting results from the Company’s annual meeting of stockholders held on May 2, 2025.

    Final Voting Results of Gran Tierra’s Annual Meeting of Stockholders: Stockholders elected all nine individuals nominated by Gran Tierra. In addition, stockholders voted “FOR” the ratification of the appointment of KPMG LLP as Gran Tierra’s independent registered public accounting firm for the fiscal year ending December 31, 2025, and “FOR” the approval, on an advisory basis, of the compensation of Gran Tierra’s named executive officers. The detailed results of the vote are as follows:

    Proposal 1            
    Election of Directors For % Against % Abstain %
                 
    Peter J. Dey 14,663,804 93.40 963,211 6.14 72,717 0.46
    Gary S. Guidry 15,247,118 97.12 405,814 2.58 46,800 0.30
    Evan Hazell 15,122,962 96.33 526,804 3.36 49,966 0.32
    Robert B. Hodgins 14,865,010 94.68 773,101 4.92 61,621 0.39
    Alison Redford 14,853,478 94.61 783,977 4.99 62,277 0.40
    Ronald W. Royal 15,162,337 96.58 476,247 3.03 61,147 0.39
    Sondra Scott 14,708,680 93.69 925,095 5.89 65,957 0.42
    David P. Smith 15,203,723 96.84 431,152 2.75 64,856 0.41
    Brooke Wade 14,915,227 95.00 721,575 4.60 62,930 0.40
                 
    Proposal 2 For % Against % Abstain %
    Ratification of Appointment of the Independent Registered Public Accounting Firm for 2025 20,896,939 94.22 895,614 4.04 386,053 1.74
                 
    Proposal 3 For % Against % Abstain %
    Approval of Named Executive
    Officer Compensation    		 14,320,480 91.21 1,014,963 6.46 364,288 2.32
                 

    2024 Sustainability Report: Gran Tierra is also pleased to announce today that it issued the Company’s “2024 Sustainability Report: Building Long-Term Value and Delivering on Our Commitments”. The report can be found on the Company’s website at www.grantierra.com/esg.

    About Gran Tierra Energy Inc.

    Gran Tierra Energy Inc., together with its subsidiaries, is an independent international energy company currently focused on oil and natural gas exploration and production in Canada, Colombia and Ecuador. The Company is currently developing its existing portfolio of assets in Canada, Colombia and Ecuador and will continue to pursue additional new growth opportunities that would further strengthen the Company’s portfolio. The Company’s common stock trades on the NYSE American, the Toronto Stock Exchange and the London Stock Exchange under the ticker symbol GTE. Additional information concerning Gran Tierra is available at www.grantierra.com. Except to the extent expressly stated otherwise, information on the Company’s website or accessible from our website or any other website is not incorporated by reference into and should not be considered part of this press release. Investor inquiries may be directed to info@grantierra.com or (403) 265-3221.

    Gran Tierra’s filings with the U.S. Securities and Exchange Commission (the “SEC”) are available on the SEC website at http://www.sec.gov. The Company’s Canadian securities regulatory filings are available on SEDAR+ at http://www.sedarplus.ca and UK regulatory filings are available on the National Storage Mechanism website at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

    Contact Information

    For investor and media inquiries please contact:

    Gary Guidry
    President & Chief Executive Officer

    Ryan Ellson
    Executive Vice President & Chief Financial Officer

    +1-403-265-3221

    info@grantierra.com

    The MIL Network –

  • MIL-OSI: Northfield Capital Engages Independent Trading Group As Market Maker

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 02, 2025 (GLOBE NEWSWIRE) — Northfield Capital Corporation (TSX-V: NFD.A) (“Northfield” or the “Corporation”), a proudly Canadian investment company, announces that, subject to regulatory approval, it has engaged the services of Independent Trading Group (“ITG”) to provide market-making services in accordance with the rules and policies of the TSX Venture Exchange (the “TSXV”). ITG will trade shares of the Corporation on the TSXV and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the Corporation’s shares.

    Under the agreement, ITG will receive compensation of CAD$5,000 per month, payable monthly in advance. The agreement is for an initial term of six months and will renew for additional one-month terms unless terminated. The agreement may be terminated by either party with 30 days’ notice to the other party. There are no performance factors contained in the agreement and ITG will not receive shares, options or any other securities of the Corporation as compensation. ITG and the Corporation are at arm’s length and are unrelated and unaffiliated entities, and at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the Corporation.

    About Independent Trading Group

    Independent Trading Group (ITG) Inc. is a Toronto based CIRO dealer-member that specializes in market making, liquidity provision, agency execution, ultra-low latency connectivity, and bespoke algorithmic trading solutions. Established in 1992, with a focus on market structure, execution and trading, ITG has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

    About Northfield Capital Corporation

    Northfield Capital Corporation is a publicly traded, leading Canadian investment firm with deep roots in resources, mining, aviation, and premium alcoholic beverages. Founded in 1981 by Robert D. Cudney, Northfield combines decades of experience with forward-thinking strategies to unlock opportunities across its diverse portfolio. Northfield is dedicated to fostering growth and innovation in businesses that drive economic prosperity in Canada. For more information, visit northfieldcapital.com.

    For further information, please contact:

    Michael G. Leskovec, CPA, CA
    Chief Financial Officer
    Email: info@northfieldcapital.com
    Telephone: (416) 628-5940

    Forward-Looking Information

    Forward-looking information is included in this news release. Forward-looking information is identified by the use of terms such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”, “project”, “will”, “would”, and “should” and similar terms and phrases, including references to assumptions. Such forward-looking information may involve but are not limited to, statements with respect to the engagement of ITG, including the duration of such engagement. Forward-looking information, by their nature, are based on assumptions and are subject to important risks and uncertainties. Any forecasts, predictions or forward-looking information cannot be relied upon due to, among other things, changing external events and general uncertainties of the business and its corporate structure. Results indicated in forward-looking information may differ materially from actual results for a number of reasons. The forward-looking information contained herein are subject to change. However, Northfield disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

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

    The MIL Network –

  • MIL-OSI USA: Congresswoman Wilson and Congresswoman Cherfilus-McCormick Visit I.C.E. Broward Transitional Center Following Death of Haitian Woman Detainee

    Source: United States House of Representatives – Congresswoman Frederica S Wilson (24th District of Florida)

    Following the death of a Marie Ange Blaise, a 44-year old Haitian Woman Detainee at the Broward Transitional Center on April 25, Congresswoman Frederica Wilson (FL-24) and Congresswoman Sheila Cherfilus-McCormick (FL-20) visited the U.S. Immigration and Customs Enforcement (I.C.E.) Broward Transitional Center on Friday, May 2, 2025. Congresswoman Frederica Wilson and Congresswoman Sheila Cherfilus-McCormick visited in order to investigate the facility conditions, the cause of death of Marie Ange Blaise, and inquire about the medical procedures of the facility.

    “Leaving the Broward Transitional Center, I have no faith in the leadership of the facility or ICE. They don’t even view the immigrants detained in there as humans and didn’t want to answer any questions on Marie. But Marie dying in the Broward Transitional Center is just an example of what is going to continue to happen if we let this administration go unchecked. It doesn’t have to be this way. This is wrong, and as a people, we must and can do better. We are an immigrant-rich society, especially in South Florida,” Congresswoman Frederica Wilson said. “It’s time this government pulls our contracts with GEO, the company who profits off managing countless of these blackhole detention centers. And every member of Congress must visit these ICE detention centers and hold the administration accountable because they want to hide the truth from us. But we want all Americans to see what is happening. This administration has failed to fulfill its responsibility to treat detainees with humanity and to properly maintain its own ICE facilities. That is why I will continue to visit these ICE facilities, and why I plan to introduce a resolution urging members of Congress to exercise their oversight authority by visiting ICE facilities.”

    This is the second ICE Detention Facility Congresswoman Frederica Wilson has visited this year. On April 24th, 2025, Congresswoman Frederica Wilson visited the ICE Krome Detention Facility.

    “I left the Broward Transitional Center disappointed with what I saw and what I heard,” said Congresswoman Sheila Cherfilus-McCormick. “I failed to see any evidence that there were proper procedures in place and that adequate health care was provided. One single doctor to care for hundreds of detainees — with some being forced to sleep on the floor — is inhumane. Marie Blaise’s tragic death will not be a one-off if these cruel conditions persist.”  

    On May 1st, Congresswoman Sheila Cherfilus-McCormick, Congresswoman Frederica Wilson, and all the members of the Florida Democratic Congressional Delegation wrote a letter to U.S. Secretary of Homeland Security, Kristi Noem, calling for a transparent investigation into the death of Marie Blaise. For the full text of the letter, click here.

    The tour included Congresswoman Frederica Wilson, Congresswoman Sheila Cherfilus-McCormick, and their respective staffers. No electronics, phones, press, or external stakeholders were allowed in the facility during the tour. The tour started at 9 A.M. and lasted until approximately 10:45 A.M.

    The tour included the following areas: medical clinic, courtroom areas, cafeteria, living cells, religious areas, attorney/client interview rooms and recreation areas.

    As part of the tour, ICE officials detailed that there is a ratio of one doctor per 500 detainees. Congresswoman Frederica Wilson and Congresswoman Sheila Cherfilus-McCormick also spoke to multiple detainees who detailed sleeping on the floor due to recent overcrowding.

    Following the tour, Congresswoman Frederica Wilson and Congresswoman Sheila Cherfilus-McCormick held a press gaggle alongside community stakeholders from the Florida Immigrant Coalition and the National Haitian American Elected Officials Network.

    “It is disconcerting and outrageous that ICE continues to put people’s lives at risk, with complete disregard for their humanity,” said Tessa Petit, Executive Director of the Florida Immigrant Coalition. “How many deaths will it take for that Office to stop the bleeding?  What will it take for them to be accountable for their inhumane actions, and to end this barbaric treatment of immigrants in and out of detention? 

    “We demand a full investigation into her death and a commitment to reform immigration detention practices,” said Mary Estimé-Irvin, Councilwoman at the City of North Miami and National Haitian American Elected Officials Network Chair. “The tragic loss of Marie Ange must serve as a catalyst for change—a change that prioritizes humanity, accountability, and the rights of all individuals.”

    For photos of the press gaggle, click here.

    For the full video of the press gaggle, click here.

     

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Monopoly Busters Chairs Statement on Apple Ruling

    Source: United States House of Representatives – Congresswoman Pramila Jayapal (7th District of Washington)

    WASHINGTON, DC — U.S. Representatives Pramila Jayapal (WA-07), Chris Deluzio (PA-17), Pat Ryan (NY-18), and Angie Craig (MN-02), Chairs of the Monopoly Busters Caucus, released the following statement regarding U.S. District Judge Yvonne Gonzalez Rogers holding Apple accountable for anticompetitive conduct.

    “For years, Apple has restricted consumer choice by charging an exorbitant fee on developers who sell apps to customers on Apple’s app store. In 2021, the court found that this fee violated unfair competition laws, and it ordered Apple to allow customers to purchase apps directly on developers’ websites at a cheaper price. 

    “Instead of following that directive, Apple doubled down on its illegal behavior. It continued to impose a hefty fee and actively discouraged customers from paying for apps outside the app store. When confronted in court, an Apple executive outright lied about it under oath.

    “American consumers deserve better than this corporate power run amok. They deserve a digital economy that benefits them rather than billionaires who control it, and allows freedom of choice, innovation, and real competition. Today’s ruling is a step in the right direction and sends a strong message that Big Tech companies cannot rip off consumers without facing consequences. 

    “We also saw House Republicans withdraw their proposal to eliminate the Federal Trade Commission — an agency that has brought monumental lawsuits against Facebook, Amazon, and other large corporations to lower costs and promote competition and should never have been threatened in the first place. We look forward to seeing this work continue to finally crack down on corporate monopolies that harm small businesses, raise prices on consumers, and stifle the innovation that has made our country an economic powerhouse.”

    The Monopoly Busters Caucus brings together Members of Congress to fight corporate power and build a fair economy that works for hardworking Americans, workers, and small businesses. 

    Issues: Science, Technology, & Antitrust

    MIL OSI USA News –

  • MIL-OSI USA: Governor Walz Signs Bipartisan Bill to Protect Commercial Scuba Divers Working in Minnesota Lakes

    Source: US State of Minnesota

    Governor Tim Walz today signed the Brady Aune and Joseph Anderson Safety Act bill into law, establishing safety requirements for aquatic plant management companies whose employees use scuba gear. The bill was proposed following the deaths of Aune and Anderson who drowned while performing lake weed removal using scuba equipment without proper training.

    MIL OSI USA News –

  • MIL-OSI: Element Announces Annual Meeting Voting Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 02, 2025 (GLOBE NEWSWIRE) — Element Fleet Management Corp. (TSX:EFN) (“Element” or the “Company”), the largest publicly traded, pure-play automotive fleet manager in the world, confirmed today that all ten nominees listed in its management information circular dated March 19, 2025 were elected as directors at the Annual Meeting of Shareholders held on May 2, 2025 (the “Meeting”), with each director receiving strong support as demonstrated by the results below. A total of 349,202,443 common shares (approximately 86.53% of the outstanding common shares) were represented in person or by proxy at the Meeting.

    “We would like to thank our shareholders for their engagement, as demonstrated by turnout of over 86% of shares voted, and also for their continued support as evidenced by the strong voting outcomes,” said Kathleen Taylor, Chair of the Board.

    The detailed results of the vote for the election of directors at the Meeting are set out below:

      Votes for % for
    (of votes cast)    		 Votes withheld % withheld
    (of votes cast)
    Virginia Addicott 345,419,049 99.34% 2,280,069 0.66%
    Laura Dottori-Attanasio 347,680,044 99.99% 19,074 0.01%
    Paolo Ferrari 347,637,313 99.98% 61,805 0.02%
    G. Keith Graham 344,482,652 99.07% 3,216,466 0.93%
    Joan Lamm-Tennant 323,535,370 93.05% 24,163,748 6.95%
    Rubin J. McDougal 347,674,592 99.99% 24,526 0.01%
    Tracey McVicar 347,429,704 99.92% 269,414 0.08%
    Andrea Rosen 343,956,622 98.92% 3,742,496 1.08%
    Kathleen Taylor 342,901,957 98.62% 4,797,161 1.38%
    Luis Tellez 344,043,244 98.95% 3,655,874 1.05%
             

    In addition, shareholders approved an advisory resolution (say on pay) on executive compensation with 97.51% of votes cast in favour of the resolution, and approved the re-appointment of Ernst & Young LLP as the Company’s independent auditors.

    For complete results on all matters voted on at the Meeting, see Element’s Report of Voting Results filed on the Company’s SEDAR+ profile at www.sedarplus.com.

    About Element Fleet Management

    Element Fleet Management (TSX: EFN) is the largest publicly traded pure-play automotive fleet manager in the world. As a Purpose-driven company, we provide a full range of sustainable and intelligent mobility solutions to optimize and enhance fleet performance for our clients across North America, Australia, and New Zealand. Our services address every aspect of our clients’ fleet requirements, from vehicle acquisition, maintenance, route optimization, risk management, and remarketing, to advising on decarbonization efforts, integration of electric vehicles and managing the complexity of gradual fleet electrification. Clients benefit from Element’s expertise as one of the largest fleet solutions providers in its markets, offering economies of scale and insight used to reduce operating costs and enhance efficiency and performance. At Element, we maximize our clients’ fleet so they can focus on growing their business. For more information, please visit: https://www.elementfleet.com

    Contact:

    This press release includes forward-looking statements regarding Element and its business. Such statements are based on management’s current expectations and views of future events. In some cases the forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause Element’s actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Such risks and uncertainties include those regarding the fleet management and finance industries, economic factors, regulatory landscape and many other factors beyond the control of Element. A discussion of the material risks and assumptions associated with this outlook can be found in Element’s annual MD&A, and Annual Information Form for the year ended December 31, 2024, each of which has been filed on SEDAR+ and can be accessed at www.sedarplus.com. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Element undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

    The MIL Network –

  • MIL-OSI: Mount Logan Capital Inc. Schedules Release of First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 02, 2025 (GLOBE NEWSWIRE) — Mount Logan Capital Inc. (CBOE: MLC) (“Mount Logan” or the “Company”) will release its financial results for the first quarter ended March 31, 2025 after market close on Thursday, May 15, 2025. The Company will host a conference call on Friday, May 16, 2025, at 11:00 a.m. Eastern Time to discuss these results. Shareholders, prospective shareholders, and analysts are welcome to listen to the conference call. To join the call, please use the dial-in information below. A recording of the conference call will be available on Mount Logan’s website www.mountlogancapital.ca in the Investor Relations section under “Events”.

    Canada Dial-in Toll Free: 1-833-950-0062
    US Dial-in Toll Free: 1-833-335-0887
    International Dial-in:
    Access Code: 813165

    About Mount Logan Capital Inc.

    Mount Logan Capital Inc. is an alternative asset management and insurance solutions company that is focused on public and private debt securities in the North American market and the reinsurance of annuity products, primarily through its wholly owned subsidiaries Mount Logan Management LLC (“ML Management”) and Ability Insurance Company (“Ability”), respectively. Mount Logan also actively sources, evaluates, underwrites, manages, monitors and primarily invests in loans, debt securities, and other credit-oriented instruments that present attractive risk-adjusted returns and present low risk of principal impairment through the credit cycle.

    ML Management was organized in 2020 as a Delaware limited liability company and is registered with the SEC as an investment adviser under the Investment Advisers Act of 1940, as amended. The primary business of ML Management is to provide investment management services to (i) privately offered investment funds exempt from registration under the Investment Company Act of 1940, as amended (the “1940 Act”) advised by ML Management, (ii) a non-diversified closed end management investment company that has elected to be regulated as a business development company, (iii) Ability, and (iv) non-diversified closed-end management investment companies registered under the 1940 Act that operate as interval funds. ML Management also acts as the collateral manager to collateralized loan obligations backed by debt obligations and similar assets.

    Ability is a Nebraska domiciled insurer and reinsurer of long-term care policies and annuity products acquired by Mount Logan in the fourth quarter of fiscal year 2021. Ability is also no longer insuring or re-insuring new long-term care risk. 

    This press release is not, and under no circumstances is it to be construed as, a prospectus or an advertisement and the communication of this release is not, and under no circumstances is it to be construed as, an offer to sell or an offer to purchase any securities in the Company or in any fund or other investment vehicle. This press release is not intended for U.S. persons. The Company’s shares are not and will not be registered under the U.S. Securities Act of 1933, as amended, and the Company is not and will not be registered under the U.S. Investment Company Act of 1940 (the “1940 Act”). U.S. persons are not permitted to purchase the Company’s shares absent an applicable exemption from registration under each of these Acts. In addition, the number of investors in the United States, or which are U.S. persons or purchasing for the account or benefit of U.S. persons, will be limited to such number as is required to comply with an available exemption from the registration requirements of the 1940 Act.

    Contacts:
    Mount Logan Capital Inc.
    365 Bay Street, Suite 800
    Toronto, ON M5H 2V1
    info@mountlogancapital.ca 

    Nikita Klassen
    Chief Financial Officer
    Nikita.Klassen@mountlogancapital.ca

    Scott Chan
    Investor Relations
    Scott.Chan@mountlogan.com

    The MIL Network –

  • MIL-OSI USA: Warner, Cramer Reintroduce Bipartisan Bill to Authorize Remote Online Notarizations Nationwide

    US Senate News:

    Source: United States Senator for Commonwealth of Virginia Mark R Warner
    WASHINGTON – Despite significant advancements in digital technology, remote notarization has yet to be fully deployed and accepted on an interstate basis. While nearly every state allows for remote electronic notarization, regulations and recognition vary between states.
    U.S. Sens. Mark R. Warner (D-VA) and Kevin Cramer (R-ND) introduced their bipartisan Securing and Enabling Commerce Using Remote and Electronic (SECURE) Notarization Act. This bill would permit the nationwide use of Remote Online Notarizations (RON), enabling notaries and signers to complete the process from different physical locations. It authorizes every notary in the United States to perform RON and provides certainty for interstate recognition of RON. The SECURE Notarization Act requires tamper-evident technology and fraud prevention measures through the use of multifactor authentication.
    “It’s time to finally bring the notarization process into the 21st century,” said Sen. Warner. “Remote notarizations have proven to be a safe and convenient way for individuals to complete essential services such as executing wills, completing financial documents, and buying or selling a home online. This legislation would continue to modernize this system by permitting nationwide use of Remote Online Notarization to complete important documents.”
    “We’ve made a lot of progress toward much more widespread use of online notarizations in the past few years, particularly through the pandemic,” said Sen. Cramer. “But this patchwork of state regulations really leaves consumers without consistent access to some notary services. Quite honestly, I think it violates, certainly, the spirit of interstate commerce. Our bill simply makes sure online notarizations are valid across [state] lines and allow every notary to perform them, and perform them in a very secure way.”
    The SECURE Notarization Act will complement state regulations, including those in North Dakota, which already allow for remote notarizations.
    The bill is endorsed by American Land Title Association (ALTA), Mortgage Bankers Association (MBA), National Association of REALTORS (NAR), and American Council of Life Insurers (ACLI).
    “Senators Cramer and Warner have been longstanding champions in recognizing the clear benefits of extending RON access to all Americans and leading this bipartisan legislation, which offers a safe and secure path to remotely close real estate and mortgage transactions,” said Diane Tomb, CEO of ALTA. “By passing the SECURE Notarization Act, Congress will embrace a proven innovation and modernize the notarization process with a secure system that meets consumer needs and expectations, including those of our military heroes overseas, the elderly, and homebuyers seeking convenience.”
    “The SECURE Notarization Act would make the mortgage closing process more convenient for consumers by creating federal minimum standards to allow notaries in all states to perform remote online notarization (RON) transactions,” said Bill Killmer, Senior Vice President of Legislative and Political Affairs at MBA. “MBA appreciates Senator Cramer and Warner’s commitment to enable nationwide use of RON technology. Their continued diligence and hard work on this critical issue will greatly simplify and improve mortgage transactions for all borrowers.”
    “The National Association of REALTORS applauds Senators Cramer and Warner for reintroducing the SECURE Notarization Act,” said Shannon McGhan, EVP & Chief Advocacy Officer for the National Association of REALTORS. “This commonsense, bipartisan bill will modernize an essential part of real estate transactions by allowing nationwide use of secure, remote online notarization. Reliable, accessible notarized records are the bedrock of real estate, and this technology ensures Americans can continue to buy, sell, and finance property with confidence in today’s digital age.”
    “Senators Cramer and Warner understand that families need practical, modern tools to plan for their financial futures,” said David Chavern, President and CEO of the ACLI. “During COVID, life insurers demonstrated how well remote online notarization works for consumers. Allowing its use nationwide is a smart, commonsense step to bring the notarization process into the 21st century.”

    MIL OSI USA News –

  • MIL-OSI USA: Cassidy Introduces Legislation to Increase Resiliency, Strengthen Louisiana Power Grids

    US Senate News:

    Source: United States Senator for Louisiana Bill Cassidy
    WASHINGTON – U.S. Senator Bill Cassidy, M.D. (R-LA) introduced the Preventing Power Outages Act to strengthen power grids resiliency across the country by reauthorizing two U.S. Department of Energy (DOE) grant programs that help states and utilities invest in modernizing their grid infrastructure. The bill would update these programs to ensure sufficient funding goes toward states whose grids are least reliable and require the most investment, helping the power stay on in the face of extreme weather and natural disasters.
    “I was at an event this week where President Trump emphasized the need for growth and power generation to fuel our future economy. He specifically spoke of the problems with our grid,” said Dr. Cassidy. “This is one more step in addressing those problems that President Trump was speaking of.”
    Cassidy was joined by U.S. Senator Gary Peters (D-MI) in introducing the legislation.
    Louisiana needs long-term, strategic investment to improve the resiliency of its grid infrastructure and deliver reliable power to households and businesses. However, without federal assistance, grid repair costs often ultimately fall to the very consumers that are being impacted by rising energy rates, poor reliability, and long service restoration times.
    The Preventing Power Outages Act would reauthorize and update DOE’s Grid Resilience State/Tribal Formula Grants Program and Grid Resilience Utility and Industry Grants Program, which have spurred historic investment in much-needed grid improvements in recent years but are set to expire in 2026. Funding from these programs can be used for underground electrical equipment, utility pole management, relocating power lines, and more. It can also be used to acquire innovative technologies, including weatherization equipment, fire-resistant technologies, and fire prevention systems. Without reauthorization, states that require significant grid upgrades could go without the necessary investments to address ongoing challenges. The senators’ legislation aims to protect these critical federal resources and ensure Americans across the country have access to safe, reliable, and affordable power. 
    Background
    Cassidy worked to secure increased funding for grid hardening when negotiating the Infrastructure Investment and Jobs Act (IIJA). Louisiana has already received $929,157,661.00 from IIJA to improve and strengthen the state’s electric grid thanks to Cassidy’s leadership.

    MIL OSI USA News –

  • MIL-OSI USA: Congresswoman Cherfilus-McCormick and Congresswoman Wilson Visit I.C.E. Broward Transitional Center Following Death of Marie Blaise

    Source: United States House of Representatives – Congresswoman Sheila Cherfilus-McCormick (D-Florida 20th district))

    Pompano Beach, Fla.— Following the death of Marie Blaise, a 44-year-old Haitian detainee at the Broward Transitional Centeron April 25, Congresswoman Sheila Cherfilus-McCormick (FL-20) and Congresswoman Frederica Wilson (FL-24) visited the U.S. Immigration and Customs Enforcement (I.C.E.) Broward Transitional Center on Friday, May 2nd, 2025 in an effort to  investigate the facility conditions and the cause of death of Marie Ange Blaise.

    “I left the Broward Transitional Center disappointed with what I saw and what I heard,” said Congresswoman Sheila Cherfilus-McCormick (D-FL). “I failed to see any evidence that there were proper procedures in place and that adequate health care was provided. One single doctor to care for hundreds of detainees — with some being forced to sleep on the floor — is inhumane. Marie Blaise’s tragic death will not be a one-off if these cruel conditions persist.” 

    “Leaving the Broward Transitional Center, I have no faith in the leadership of the facility or ICE. They don’t even view the immigrants detained in there as humans and didn’t want to answer any questions on Marie. But Marie dying in the Broward Transitional Center is just an example of what is going to continue to happen if we let this administration go unchecked. It doesn’t have to be this way. This is wrong, and as a people, we must and can do better. We are an immigrant-rich society, especially in South Florida,” Congresswoman Frederica Wilson (FL-24) said. “It’s time this government pulls our contracts with GEO, the company who profits off managing countless of these blackhole detention centers. And every member of Congress must visit these detention centers, hold the administration accountable, and show up unannounced at ICE facilities to ensure they are properly maintained, because they want to hide the truth from us. But we want all Americans to see what is happening. This administration has failed to fulfill its responsibility to treat detainees with humanity and to properly maintain its own ICE facilities. That is why I will continue to visit these ICE facilities, and why I plan to introduce a resolution urging members of Congress to exercise their oversight authority by visiting ICE facilities.” 

    The tour included Congresswoman Sheila Cherfilus-McCormick, Congresswoman Frederica Wilson, and staffers of the two members of Congress. No electronics, phones, press, or external stakeholders were allowed in the facility during the tour. The tour started at 9 AM and lasted until approximately 10:45 AM.

    The tour included the following areas: Medical clinic, courtroom areas, cafeteria, living cells, religious areas, attorney/client interview rooms and recreation areas.  

    As part of the tour, ICE officials detailed that there is a ratio of one doctor per 500 detainees. Congresswoman Frederica Wilson and Congresswoman Sheila Cherfilus-McCormick also spoke to multiple detainees who detailed sleeping on the floor due to recent overcrowding. 

    Following the tour, Congresswoman Frederica Wilson and Congresswoman Sheila Cherfilus-McCormick held a press gaggle alongside community stakeholders from the Florida Immigrant Coalition (FLIC) and the National Haitian American Elected Officials Network (NHAEON). 

    “It is disconcerting and outrageous that ICE continues to put people’s lives at risk, with complete disregard for their humanity,” said Tessa Petit, Executive Director of the Florida Immigrant Coalition. “How many deaths will it take for that Office to stop the bleeding?  What will it take for them to be accountable for their inhumane actions, and to end this barbaric treatment of immigrants in and out of detention?

    “We demand a full investigation into her death and a commitment to reform immigration detention practices,” said Mary Estimé-Irvin, Councilwoman at the City of North Miami and National Haitian American Elected Officials Network Chair. “The tragic loss of Marie Ange must serve as a catalyst for change—a change that prioritizes humanity, accountability, and the rights of all individuals.”

    On May 1st, Congresswoman Sheila Cherfilus-McCormick led all the members of the Florida Democratic Congressional Delegation in a letter to U.S. Secretary of Homeland Security Kristi Noem, calling for a transparent investigation into the death of Marie Blaise. 

    For photos of the press gaggle, click here.

    MIL OSI USA News –

  • MIL-OSI USA News: WEEK 15 WINS: President Trump’s 100th Day Marked by More Success

    Source: The White House

    This week, President Donald J. Trump celebrated his 100th day in office — and set the course for the next 100 days of growth, prosperity, and success for the American people.

    Here is a non-comprehensive list of wins in week 15:

    • The economy added 177,000 new jobs in April, according to the latest jobs report — smashing expectations for another month as the workforce grows and businesses onshore jobs.
    • President Donald J. Trump’s relentless pursuit of manufacturing dominance spurred onshoring and additional U.S. investment.
      • Mercedes-Benz announced it will move production of another vehicle to its Tuscaloosa, Alabama, manufacturing facility.
      • AstraZeneca announced it will shift production of some medicines from Europe to the U.S.
      • Walmart expanded its support for American-made products.
      • IBM announced a $150 billion investment over the next five years in its U.S.-based growth and manufacturing operations.
      • Pratt Industries announced a $5 billion investment that will result in 5,000 new manufacturing jobs across several key industrial states.
      • Kimberly-Clark announced a $2 billion investment in its U.S. manufacturing sites, which will create 900 new jobs.
      • Corning announced it is expanding its Michigan manufacturing facility investment to $1.5 billion.
      • Merck & Co. announced a $1 billion investment to build a new state-of-the-art biologics manufacturing plant in Delaware, which will create at least 500 new jobs — part of the company’s commitment to invest more than $9 billion over the next four years.
        • “Since the advent of the 2017 Tax Cuts and Jobs Act, Merck has allocated more than $12 billion to enhance our domestic manufacturing and research capabilities, with additional planned investments of more than $9 billion over the next four years.”
      • Amgen announced a $900 million investment in its Ohio-based manufacturing operation.
        • “Pro-growth policies like the @POTUS @WhiteHouse 2017 Tax Cuts and Jobs Act helped make investments like this possible. Since enactment, Amgen has invested ~$5B in capital expenditures. This amounts to an additional downstream output to the U.S. economy of approximately $12B.”
      • The Bel Group announced a $350 million investment to expand its U.S.-based production, including at its South Dakota, Idaho and Wisconsin facilities — which will create 250 new jobs.
    • President Trump continued to secure our border and rid our communities of illegal immigrant criminals.
      • New York Post: Illegal border crossings remained near historic lows in April after President Trump’s crackdown
      • The Trump Administration directed an operation at an underground nightclub in Colorado “frequented by TdA and MS-13 terrorists” that resulted in 100 illegal immigrant arrests.
      • ICE arrested more than 1,000 illegal immigrants in Florida in just six days as part of Operation Tidal Wave.
      • Uzbekistan agreed to pay for and accept 131 illegal immigrants from Uzbekistan, Kyrgyzstan and Kazakhstan.
    • President Trump continued to pursue peace through strength around the world.
      • President Trump secured a historic agreement with Ukraine that gives the U.S. an economic stake in securing a free, peaceful, and sovereign future for Ukraine and allows for the long-term reconstruction and modernization of the country after Russia’s invasion.
      • President Trump announced secondary sanctions on any country or person who purchases Iranian oil.
      • President Trump secured the release of a wrongfully detained U.S. citizen in Belarus and a U.S. citizen imprisoned in Kuwait — for a total of 47 detained citizens abroad freed since President Trump took office.
      • The Trump Administration brokered a joint pledge for peace between Rwanda and the Democratic Republic of the Congo.
      • The Department of the Treasury cracked down on vessels delivering oil derivatives to Houthi terrorists in Yemen.
      • The Department of the Treasury sanctioned six Iranian and Chinese firms linked to procuring missile propellant ingredients for the Iranian regime.
    • The Trump Administration forged ahead on its unprecedented effort to secure American energy dominance.
      • Woodside Energy Group financially approved a $17.5 billion liquefied natural gas (LNG) project.
      • The Environmental Protection Agency granted an emergency waiver that allows Americans to buy cheaper, higher-ethanol gasoline through the summer, which will save Americans money.
    • President Trump took a series of executive actions to improve Americans’ lives.
      • President Trump strengthened the ability of state and local law enforcement to pursue criminals and protect innocent Americans.
      • President Trump signed an executive order to protect Americans in so-called “sanctuary” jurisdictions from dangerous criminal illegal immigrants.
      • President Trump established the Religious Liberty Commission to safeguard and promote America’s founding principle of religious freedom.
      • President Trump incentivized American automobile production.
      • President Trump ordered that commercial truck drivers must be properly qualified and proficient in English.
      • President Trump ended the taxpayer subsidization of NPR and PBS.
    • President Trump unveiled his proposed budget, which would save taxpayers $163 billion in wasteful spending, gut the weaponized deep state, and provide historic increases for defense and border security.
    • President Trump launched the FEMA Review Council to help fix the broken disaster response system and return power to the states.
    • President Trump announced Selfridge Air National Guard Base in Michigan will soon be home to the new F-15EW Eagle II fighter jets.
    • President Trump renamed May 8 as “Victory Day for World War II” and November 11 as “Victory Day for World War I” in recognition of America’s role in winning the two wars.
    • The Department of Health and Human services released a comprehensive review of so-called “gender-affirming care,” finding no strong medical or scientific evidence exists to support the treatment’s irreversible effects.
    • The Trump Administration ended the Biden-era lawfare against South Dakota cattle ranchers who were wrongfully persecuted over a minor land dispute.
    • The Department of State designated Haitian gangs Viv Ansanm and Gran Grif as Foreign Terrorist Organizations.
    • The Department of Education launched a civil rights investigation into the New York Department of Education over its threat to withhold funding from the Massapequa School District if it does not eliminate its Native American mascot.
    • The Department of Education announced its finding that the University of Pennsylvania violated Title IX, notifying the institution that they have ten days to resolve the violations or risk a referral to the Department of Justice for enforcement proceedings.
    • The Department of Education and the Department of Health and Human Services announced investigations into Harvard University and the Harvard Law Review based on reports of race-based discrimination permeating the operations of the journal.
    • The Department of the Interior announced 42 new proposed hunting opportunities across 87,000 acres within the National Wildlife Refuge System and National Fish Hatchery System, which would more than triple the number of opportunities and quintuple the number of stations opened or expanded compared to the previous administration.
    • The Department of Energy announced it will lift a range of unnecessary regulations on certain indoor and outdoor gas products — expanding choice and lowering costs for consumers.
    • The Department of Transportation unveiled a new package of actions to further supercharge the air traffic controller workforce.
    • Director of National Intelligence Tulsi Gabbard added counter narcotics to the National Counter Terrorism Center in order to “focus intelligence and vetting resources against these terrorists who traffic deadly narcotics into the country.”
    • The Department of Justice arrested two individuals on charges of operating an international child exploitation enterprise.
    • The Department of Agriculture secured an agreement with Mexico for an immediate transfer of water from international reservoirs to Texas farmers and ranchers.
    • The White House Council on Environmental Quality established the Permitting Innovation Center to cut red tape and accelerate the environmental review process.
    • The National Institutes of Health announced it will publish studies it funds online for free to empower Americans’ own research and promote maximum transparency.
    • PepsiCo announced it will remove artificial ingredients from some popular food offerings by the end of the year following the Trump Administration’s push to end artificial food dyes.

    MIL OSI USA News –

  • MIL-OSI Australia: Man arrested after trying to evade police at Parafield Gardens

    Source: New South Wales – News

    A man has been arrested after trying to evade police at Parafield Gardens last night.

    At 8.30pm on Friday 2 May police spotted a red Holden sedan on Martins Road, Parafield Gardens and directed the driver to stop.

    The driver refused and took off at speed. The vehicle wasn’t pursued by police as fortunately PolAir was in the area and tracked the vehicle from above. The vehicle was tracked onto John Rice Avenue and the Grove Way where it will be alleged it reached speeds of 120 km/h.

    Patrols successfully spiked the vehicle on two occasions on the Grove Way.

    The vehicle continued into Fairview Park before stopping on Hamilton Road and the driver attempted to run from the car.

    He was swiftly arrested after a short foot chase.

    Checks revealed the 32-year-old driver from Banksia Park was currently disqualified from driving.

    He was arrested and charged with fail to stop, drive dangerously to escape police, speed dangerous, drive disqualified and resist police.

    His vehicle was impounded, and he was bailed to appear in the Elizabeth Magistrates Court on 18 June.

    MIL OSI News –

  • MIL-OSI USA: Accelerating MWBE Certification During AAPI Heritage Month

    Source: US State of New York

    overnor Kathy Hochul today announced the launch of the “AAPI Enterprise Empowerment” initiative, a targeted effort to help minority- and women-owned businesses complete their New York State MWBE Certification applications during Asian American and Pacific Islander Heritage Month. Running from May 1 through June 13, 2025, the initiative leverages a statewide network of business advisory centers to provide free, comprehensive support to MWBE applicants. As part of the state’s broader efforts to expand opportunity, Empire State Development and the New York Power Authority have also launched a new partnership to strengthen the MWBE pipeline through the Business Growth Accelerator Program, enhancing the program’s reach and impact by providing participating businesses with direct access to industry expertise, procurement guidance, and networking opportunities. Additionally, Governor Hochul today issued a proclamation celebrating Asian American and Pacific Islander Heritage Month.

    “During Asian American and Pacific Islander Heritage Month, we’re taking bold action to expand economic opportunity for AAPI business owners across New York State,” Governor Hochul said. “The AAPI Enterprise Empowerment initiative provides entrepreneurs with expert guidance to navigate certification, opening doors to millions in state contracts. This program strengthens our commitment to ensuring New York’s economy reflects the vibrant diversity that powers our communities.”

    New York State Chief Diversity Officer Julissa Gutierrez said, “The AAPI Enterprise Empowerment initiative transforms celebration into economic advancement by creating direct pathways to opportunity. By partnering with trusted business centers throughout the state, we’re meeting entrepreneurs where they are. This initiative represents our vision of an inclusive economy where AAPI-owned businesses can showcase their innovation and contribute to New York’s growth.”

    Empire State Development President, CEO, and Commissioner Hope Knight said, “By accelerating the certification timeline and providing hands-on support through our network of business advisors, the AAPI Enterprise Empowerment initiative is removing long-standing barriers to participation in state contracting. Through new partnerships like our collaboration with the New York Power Authority on the Business Growth Accelerator Program, we are extending these efforts even further—ensuring MWBEs have the resources, mentorship, and access they need to grow, compete, and lead in New York’s economy.”

    New York Power Authority President and CEO Justin E. Driscoll said, “Under Governor Hochul’s leadership, New York State continues to break down barriers and create pathways to success for minority- and women-owned businesses. By partnering with Empire State Development, the New York Power Authority is proud to play a pivotal role in the Business Growth Accelerator Program which strengthens the MWBE pipeline, offers AAPI-owned businesses the resources, guidance, and opportunities they need to thrive, and helps ensure a more equitable future for all New Yorkers.”

    The AAPI Enterprise Empowerment Initiative builds on New York State’s streamlined certification process that already delivers decisions in as little as 90 days or less. While businesses must meet the requirements set forth in Executive Law Article 15-A and Title 5 to qualify, the initiative aims to expedite the process for eligible applicants who respond to information requests within five business days through free, hands-on technical assistance.

    MWBEs can connect with the following organizations for free application assistance:

    ESD Strengthens Business Growth Accelerator Program with New York Power Authority and Statewide Agency Partnerships to Empower 200 MWBEs
    Empire State Development’s Division of Minority and Women’s Business Development (DMWBD) has expanded the reach of its Business Growth Accelerator (BGA 3.0) Program through a strategic Memorandum of Understanding with the New York Power Authority (NYPA) and growing collaborations with several state agencies and authorities. This statewide initiative will support and accelerate the growth of 200 MWBEs across New York State, with a special emphasis on firms in construction and semiconductor-related trades.

    BGA 3.0 offers intensive, regionally delivered business development services and technical assistance to help MWBEs scale and access public and private contracting opportunities. Through this collaborative effort, ESD’s DMWBD, NYPA, and additional participating agencies will strengthen MWBEs’ operational and technical capacity, provide guidance on state contracting, facilitate networking and matchmaking, and contribute to the overall success and sustainability of the program.

    Participating businesses will gain access to comprehensive training in areas such as business administration, procurement, and financial management; individualized mentorship and technical assistance; exclusive networking opportunities with potential clients and partners; connections to funding and industry experts; and a customized business growth plan to guide long-term success.

    Currently entering its training phase, the BGA 3.0 Program will run through September 2026. Recruitment is ongoing and interested MWBEs can learn more and apply through the BGA 3.0 Program webpage here.

    Governor Hochul’s Support for New York’s MWBEs
    Under Governor Hochul’s leadership, New York State has transformed its MWBE program into a national model for inclusive economic growth. A strategic $11 million investment in FY 2023 eliminated the certification backlog and reduced application response times to 90 days or less. In 2024, Empire State Development certified and recertified over 2,403 businesses, streamlining access to state contracting opportunities.

    New York continues to set national benchmarks for MWBE participation, exceeding its 30 percent utilization goal for the fourth consecutive year with a nation-leading 32.21 percent rate. This achievement represents nearly $3 billion in state contracts awarded to certified MWBEs in FY 2023-24, contributing to almost $12 billion in awards since Governor Hochul took office. Further strengthening the program’s impact, the Governor introduced the New York State MWBE Certified Decal, an official mark of certification that increases visibility for qualified businesses and opens new opportunities with both government and private sector partners.

    MIL OSI USA News –

  • MIL-OSI: Great Elm Group, Inc. Schedules Fiscal 2025 Third Quarter Conference Call and Webcast

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH GARDENS, Fla., May 02, 2025 (GLOBE NEWSWIRE) — Great Elm Group, Inc. (“Great Elm”) (NASDAQ: GEG), today announced plans to release financial results for the fiscal quarter ended March 31, 2025, after the close of market trading on Wednesday, May 7, 2025.   

    Company to Host Conference Call & Webcast

    Great Elm will also host a conference call and webcast on Thursday, May 8, 2025, at 8:30 a.m. Eastern Time to discuss its fiscal 2025 third quarter financial results.   

    All interested parties are invited to participate in the conference call by dialing +1 (877) 407-0752; international callers should dial +1 (201) 389-0912. Participants should enter the Conference ID 13746971 if asked.

    A copy of the slide presentation that will be referenced during the conference call can be found here.

    The conference call will be webcast simultaneously and can be accessed here. 

    About Great Elm Group, Inc.
    Great Elm Group, Inc. (NASDAQ: GEG) is a publicly-traded, alternative asset manager focused on growing a scalable and diversified portfolio of long-duration and permanent capital vehicles across credit, real estate, specialty finance, and other alternative strategies. Great Elm Group, Inc. and its subsidiaries currently manage Great Elm Capital Corp., a publicly-traded business development company, and Monomoy Properties REIT, LLC, an industrial-focused real estate investment trust, in addition to other investments. Great Elm Group, Inc.’s website can be found at www.greatelmgroup.com.

    Media & Investor Contact:
    Investor Relations
    geginvestorrelations@greatelmcap.com

    The MIL Network –

  • MIL-OSI: Republic Digital Acquisition Company Completes $300,000,000 Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, May 02, 2025 (GLOBE NEWSWIRE) — Republic Digital Acquisition Company (the “Company”) announced today the closing of its initial public offering of 30,000,000 units, which includes 3,600,000 units issued pursuant to the exercise by the underwriters of their over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $300,000,000.

    The Company’s units began trading on May 1, 2025 on the Nasdaq Global Stock Market LLC (“Nasdaq”) under the ticker symbol “RDAGU.” Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share of the Company at an exercise price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “RDAG” and “RDAGW,” respectively.

    Of the proceeds received from the consummation of the initial public offering (including the exercise of the over-allotment option) and a simultaneous private placement of warrants, $300,000,000 (or $10.00 per unit sold in the offering) was placed in a trust account of the Company.

    The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry but expects to focus on a target in fintech, software and cryptocurrency industries.

    The Company’s management team is led by Joseph Naggar, the Chief Executive Officer, Chief Investment Officer and Director, Ian Goodman, its Chief Financial Officer, Jonathan Knipper, its Chief Operating Officer and Darren Sandler, its General Counsel. The Board of Directors also includes Andrew Durgee, Barry Finkelstein, Laya Khadjavi and Robert Matza.

    Cantor Fitzgerald & Co. acted as sole book-running manager for the offering.

    A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on April 30, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    Forward-looking statements

    This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds of the initial public offering and the simultaneous private placement. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Company Contact:

    Republic Digital Acquisition Company
    RDAC-PR@republic.co

    The MIL Network –

  • MIL-OSI: Silvercrest Asset Management (SAMG) to Announce First Quarter 2025 Results and Host Investor Conference Call

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 02, 2025 (GLOBE NEWSWIRE) — Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) announced today it will host a teleconference at 8:30 am Eastern Time on May 9, 2025, to discuss the company’s financial results for the first quarter ended March 31, 2025. A news release containing the results will be issued before the open of the U.S. equity markets and will be available on http://ir.silvercrestgroup.com/.

    Chairman, Chief Executive Officer and President Richard R. Hough III and Chief Financial Officer Scott A. Gerard will review the quarterly results during the call. Immediately after the prepared remarks, there will be a question and answer session for analysts and institutional investors.

    Analysts, institutional investors and the general public may listen to the call by dialing 1-844-836-8743 or for international callers please dial 1-412-317-5723. A live, listen-only webcast will also be available via the investor relations section of www.silvercrestgroup.com. An archived replay of the call will be available after the completion of the live call on the Investor Relations page of the Silvercrest website at http://ir.silvercrestgroup.com/.

    About Silvercrest
    Silvercrest was founded in April 2002 as an independent, employee-owned registered investment adviser. With offices in New York, Boston, Virginia, New Jersey, California and Wisconsin, Silvercrest provides traditional and alternative investment advisory and family office services to wealthy families and select institutional investors. As of December 31, 2024, the firm reported assets under management of $36.5 billion.

    Contact: Richard Hough
    212-649-0601
    rhough@silvercrestgroup.com

    The MIL Network –

  • MIL-OSI: Subsea7 awarded ‘super-major’ contract offshore Brazil

    Source: GlobeNewswire (MIL-OSI)

    Luxembourg – 2 May 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a super-major contract1 by Petrobras, after winning a competitive tender, for the development of the Búzios 11 field located approximately 180 kilometres off the coast of the state of Rio de Janeiro, Brazil, at 2,000 metres water depth in the pre-salt Santos basin.

    The contract scope includes engineering, procurement, fabrication, installation, and pre-commissioning of 112km rigid risers and flowlines system. 

    Project management and engineering will commence immediately at Subsea7’s offices in Rio de Janeiro, Suresness and Sutton; Fabrication of the pipelines will take place at Subsea7’s spoolbase in Brazil, and Offshore activities are scheduled for 2027 and 2028.

    Yann Cottart, Senior Vice-President Brazil and Global Projects Centre West said: 

    “This award again underscores Subsea7’s proven expertise in delivering complex, world-scale size projects, reinforcing our strong execution capabilities and commitment to operational excellence and safety. With a solid backlog and a diverse portfolio, we continue to drive value for our shareholders while further contributing to Brazil’s development. We thank Petrobras for their trust and look forward to once again playing a significant role in the success of the Búzios field.” 

    1. Subsea7 defines a super-major contract as being over $1.25 billion.

    *******************************************************************************
    Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs.
    Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

    *******************************************************************************

    Contact for investment community enquiries:
    Katherine Tonks
    Investor Relations Director
    Tel +44 20 8210 5568
    ir@subsea7.com

    Contact for media enquiries:
    Elisa Magalhães
    Marketing & External Communications Manager
    Tel +55 21 3370-6629
    elisa.magalhaes@subsea7.com
    www.subsea7.com

    Forward-Looking Statements: This document may contain ‘forward-looking statements’ (within the meaning of the safe harbour provisions of the U.S. Private Securities Litigation Reform Act of 1995). These statements relate to our current expectations, beliefs, intentions, assumptions or strategies regarding the future and are subject to known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements may be identified by the use of words such as ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘future’, ‘goal’, ‘intend’, ‘likely’ ‘may’, ‘plan’, ‘project’, ‘seek’, ‘should’, ‘strategy’ ‘will’, and similar expressions. The principal risks which could affect future operations of the Group are described in the ‘Risk Management’ section of the Group’s Annual Report and Consolidated Financial Statements. Factors that may cause actual and future results and trends to differ materially from our forward-looking statements include (but are not limited to): (i) our ability to deliver fixed price projects in accordance with client expectations and within the parameters of our bids, and to avoid cost overruns; (ii) our ability to collect receivables, negotiate variation orders and collect the related revenue; (iii) our ability to recover costs on significant projects; (iv) capital expenditure by oil and gas companies, which is affected by fluctuations in the price of, and demand for, crude oil and natural gas; (v) unanticipated delays or cancellation of projects included in our backlog; (vi) competition and price fluctuations in the markets and businesses in which we operate; (vii) the loss of, or deterioration in our relationship with, any significant clients; (viii) the outcome of legal proceedings or governmental inquiries; (ix) uncertainties inherent in operating internationally, including economic, political and social instability, boycotts or embargoes, labour unrest, changes in foreign governmental regulations, corruption and currency fluctuations; (x) the effects of a pandemic or epidemic or a natural disaster; (xi) liability to third parties for the failure of our joint venture partners to fulfil their obligations; (xii) changes in, or our failure to comply with, applicable laws and regulations (including regulatory measures addressing climate change); (xiii) operating hazards, including spills, environmental damage, personal or property damage and business interruptions caused by adverse weather; (xiv) equipment or mechanical failures, which could increase costs, impair revenue and result in penalties for failure to meet project completion requirements; (xv) the timely delivery of vessels on order and the timely completion of ship conversion programmes; (xvi) our ability to keep pace with technological changes and the impact of potential information technology, cyber security or data security breaches; (xvii) global availability at scale and commercially viability of suitable alternative vessel fuels; and (xviii) the effectiveness of our disclosure controls and procedures and internal control over financial reporting. Many of these factors are beyond our ability to control or predict. Given these uncertainties, you should not place undue reliance on the forward-looking statements. Each forward-looking statement speaks only as of the date of this document. We undertake no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    Attachment

    The MIL Network –

  • MIL-OSI: Copley Acquisition Corp Announces Closing of $172,500,000 Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, May 02, 2025 (GLOBE NEWSWIRE) — Copley Acquisition Corp (NYSE: COPLU) (the “Company”) today announced that it closed its initial public offering of 17,250,000 units, including the issuance of 2,250,000 units as result of the underwriters’ exercise of its over-allotment option in full, at $10.00 per unit. The gross proceeds from the offering were $172.5 million before deducting underwriting discounts and estimated offering expenses. The units began trading on the New York Stock Exchange (“NYSE”) under the ticker symbol “COPLU” on May 1, 2025.

    Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share of the Company at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on NYSE under the symbols “COPL” and “COPLW”, respectively.

    Clear Street is acting as the sole book-running manager in the offering. Winston & Strawn LLP is serving as legal counsel to the Company and Appleby (Cayman) Ltd. is serving as Cayman Islands legal counsel to the Company. DLA Piper LLP (US) is serving as legal counsel to Clear Street.
      
    The offering was made only by means of a prospectus, copies of which may be obtained from Clear Street, Attn: Syndicate Department, 150 Greenwich Street, 45th floor, New York, NY 10007, by email at ecm@clearstreet.io, or from the SEC website at www.sec.gov.

    A registration statement relating to these securities was declared effective by the Securities and Exchange Commission (“SEC”) on April 30, 2025.

    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 Copley Acquisition Corp

    The Company is a blank check company incorporated in the Cayman Islands as an exempted company incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. It has not selected any specific business combination target and has not, nor has anyone on its behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination. While the Company may pursue a business combination target in any business or industry, it intends to focus its search for businesses in either the technology or lifestyle sectors.

    Forward-Looking Statements

    This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Registration Statement and related prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC’s website, www.sec.gov.

    Contact Information

    Copley Acquisition Corp
    Suite 4005-4006, 40/F, One Exchange Square
    8 Connaught Place, Central, Hong Kong 

    Francis Ng
    Co-Chief Executive Officer
    Email: francis.ng@copleyacquisition.com
    Phone: +852 2861 3335

    The MIL Network –

  • MIL-OSI: Cipher Mining Announces April 2025 Operational Update

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 02, 2025 (GLOBE NEWSWIRE) — Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today released its unaudited production and operations update for April 2025.

    Key Highlights

    Key Metrics April 2025
    BTC Mined1 174
    BTC Sold 350
    BTC Held2 855
    Deployed Mining Rigs 75,000
    Month End Operating Hashrate (EH/s) 13.5
    Month End Fleet Efficiency (J/TH) 18.9

    1 Includes April power sales estimates (based on current meter data and nodal prices) equivalent to ~3 bitcoin (using month-end bitcoin price of $94,808) and ~24 BTC mined at JV data centers representing Cipher’s ownership
    2 Includes ~379 BTC pledged as collateral

    Management Commentary for April
    Cipher delivered solid production in April despite a three-day planned shutdown at Odessa by the Company’s power provider for on-site maintenance. Under the terms of the power purchase agreement, Cipher’s power provider is entitled to 5% curtailment hours per annum at the site. Looking ahead, Cipher’s earnings call is scheduled for Tuesday, May 6th at 8:00 a.m. Eastern Time, at which point the Company will share a business update. The live webcast and a webcast replay of the conference call can be accessed from the investor relations section of Cipher’s website at https://investors.ciphermining.com. To access this conference call by telephone, register here to receive dial-in numbers and a unique PIN to join the call.

    Bitcoin Production and Operations Updates for April 2025
    Cipher produced ~1741 BTC in April. As part of its regular treasury management process, Cipher sold ~350 BTC in April, ending the month with a balance of ~8552 BTC.

    Black Pearl remains on track to energize in the second quarter.

    About Cipher
    Cipher is focused on the development and operation of industrial-scale data centers for bitcoin mining and HPC hosting. Cipher aims to be a market leader in innovation, including in bitcoin mining growth, data center construction and as a hosting partner to the world’s largest HPC companies. To learn more about Cipher, please visit https://www.ciphermining.com/.

    Forward-Looking Statements
    This press release contains certain forward-looking statements within the meaning of the federal securities laws of the United States. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release that are not statements of historical fact, such as, statements about the Company’s beliefs and expectations regarding its planned business model and strategy, its bitcoin mining and HPC data center development, timing and likelihood of success, capacity, functionality and timing of operation of data centers, expectations regarding the operations of data centers, potential strategic initiatives, such as joint ventures and partnerships, and management plans and objectives, are forward-looking statements and should be evaluated as such. These forward-looking statements generally are identified by the words “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “seeks,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “strategy,” “future,” “forecasts,” “opportunity,” “predicts,” “potential,” “would,” “will likely result,” “continue,” and similar expressions (including the negative versions of such words or expressions). These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Cipher and its management, are inherently uncertain. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: volatility in the price of Cipher’s securities due to a variety of factors, including changes in the competitive and regulated industry in which Cipher operates, Cipher’s evolving business model and strategy and efforts it may make to modify aspects of its business model or engage in various strategic initiatives, variations in performance across competitors, changes in laws and regulations affecting Cipher’s business, and the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Cipher’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the Securities and Exchange Commission (“SEC”) on February 25, 2025, and in Cipher’s subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Cipher assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

    Website Disclosure
    The company maintains a dedicated investor website at https://investors.ciphermining.com/ (“Investors’ Website”). Financial and other important information regarding the Company is routinely posted on and accessible through the Investors Website. Cipher uses its Investors’ Website as a distribution channel of material information about the Company, including through press releases, investor presentations, reports and notices of upcoming events. Cipher intends to utilize its Investors’ Website as a channel of distribution to reach public investors and as a means of disclosing material non-public information for complying with disclosure obligations under Regulation FD. In addition, you may sign up to automatically receive email alerts and other information about the Company by visiting the “Email Alerts” option under the Investors Resources section of Cipher’s Investors’ Website and submitting your email address.

    Contacts:
    Investor Contact:
    Courtney Knight
    Head of Investor Relations at Cipher Mining
    courtney.knight@ciphermining.com
    Media Contact:
    Ryan Dicovitsky / Kendal Till
    Dukas Linden Public Relations
    CipherMining@DLPR.com

    __________________________

    1 Includes April power sales estimates (based on current meter data and nodal prices) equivalent to ~3 bitcoin (using month-end bitcoin price of $94,808) and ~24 BTC mined at JV data centers representing Cipher’s ownership

    2 Includes ~379 BTC pledged as collateral

    A photo accompanying this announcement is available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/57a0c1ce-be78-4b73-a2f2-fe3e68b35711

    The MIL Network –

  • MIL-OSI: Greenlight Capital Re, Ltd. Schedules First Quarter 2025 Financial Results and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    GRAND CAYMAN, Cayman Islands, May 02, 2025 (GLOBE NEWSWIRE) — Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (the “Company” or “Greenlight Re”), a multiline property and casualty insurer and reinsurer, today announced that it expects to release financial results for the first quarter ended March 31, 2025, after the market closes on Wednesday, May 7, 2025. A live conference call to discuss the financial results will be held on Thursday, May 8, 2025, at 9:00 a.m. Eastern Time.

    Conference Call Details

    To participate in the Greenlight Re First Quarter 2025 Earnings Call, please dial in to the conference call at:

    U.S. toll free 1-877-407-9753
    International 1-201-493-6739
       

    The conference call can also be accessed via webcast at:

    https://event.webcasts.com/starthere.jsp?ei=1714274&tp_key=429d07a808

    A telephone replay will be available following the call through May 13, 2025.  The replay of the call may be accessed by dialing 1-877-660-6853 (U.S. toll free) or 1-201-612-7415 (international), access code 13752944. An audio file of the call will also be available on the Company’s website, www.greenlightre.com.

    About Greenlight Capital Re, Ltd.

    Greenlight Re (www.greenlightre.com) provides multiline property and casualty insurance and reinsurance through its licensed and regulated reinsurance entities in the Cayman Islands and Ireland, and its Lloyd’s platform, Greenlight Innovation Syndicate 3456. The Company complements its underwriting activities with a non-traditional investment approach designed to achieve higher rates of return over the long term than reinsurance companies that exclusively employ more traditional investment strategies. The Company’s innovations unit, Greenlight Re Innovations, supports technology innovators in the (re)insurance space by providing investment capital, risk capacity, and access to a broad insurance network.

    Investor Relations Contact
    Karin Daly
    Vice President, The Equity Group Inc.
    (212) 836-9623
    IR@greenlightre.ky

    The MIL Network –

  • MIL-OSI: XRP News: Buy $XDX Tokens Now Before XenDex Presale Ends Soon, as XRP Market Heats Up

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, May 02, 2025 (GLOBE NEWSWIRE) — As excitement grips the XRP community following recent breakthroughs including ProShares’ XRP Futures ETF approval, Brazil’s XRP Spot ETF rollout, and the SEC’s lawsuit withdrawal, all eyes are now on XenDex, the decentralized platform designed to power the next phase of DeFi on the XRP Ledger.

    The $XDX presale has officially passed its soft cap, and with the final allocation now live, investors are rushing to secure their tokens before the presale closes and before prices climb again.

    Buy XDX on XenDex

    Why Buy $XDX Tokens Now?

    XenDex isn’t just another DEX, it’s a fully integrated, all-in-one DeFi platform built natively on XRPL. The $XDX token serves as the core utility and governance asset of the ecosystem, offering real functionality and long-term value.

    $XDX Token Use Cases Include:

    • Governance Rights – Vote on listings, upgrades, protocol decisions
    • Lending & Borrowing Utility – Collateralize $XDX or earn interest through the XenDex lending protocol
    • Staking & Yield Farming – Earn passive income from liquidity contributions
    • Fee Discounts – Enjoy lower trading, lending, and borrowing fees
    • Early Access – Get priority access to Launchpad, AI tools, and partner projects
    • Airdrop Eligibility – Unlock future rewards for long-term holders

    Join XDX Presale

    What Does XenDex Offer On The XRP Ledger?

    XenDex brings modern DeFi tools to XRPL for the first time in one seamless experience:

    • AI-Powered Copy Trading – Mirror elite trader strategies in real time
    • Non-Custodial Lending & Borrowing – Lend or borrow XRP and $XDX tokens securely
    • Cross-Chain Trading – Swap XRP with assets on Solana, BNB Chain, Ethereum, and more
    • Staking & Yield Farming – Supply liquidity to earn rewards
    • DAO Governance – True community control of platform evolution

    $XDX Presale Details (Final Phase)

    • Current Rate: 1.25 XRP = 10 XDX
    • Minimum Buy: 150 XRP
    • Soft Cap: Filled
    • Listing Price: Expected to be higher after presale ends

    Join the Presale Now Before It Ends: https://xendex.net/presale

    Listings on some top exchanges like Binance, Gate, MEXC, Bitmart, FirtsLedger, MagnetiX etc will bring massive exposure and global trading access, making this your final chance to buy before mainstream entry.

    Visit Official XenDex Platforms:

    Website: https://xendex.net
    Presale: https://xendex.net/presale
    Telegram: https://t.me/xendexcommunity
    Twitter/X: https://x.com/xendex_xrp
    Docs: https://xdxdocs.gitbook.io

    Contact:
    Frank Richards
    Frank@xendex.net

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0b5dad94-1fb6-44d4-9ef0-979778882734

    The MIL Network –

  • MIL-OSI: NXP Announces Availability of Proxy Materials for the Annual General Meeting of Shareholders to Be Held on June 11, 2025

    Source: GlobeNewswire (MIL-OSI)

    EINDHOVEN, The Netherlands, May 02, 2025 (GLOBE NEWSWIRE) — NXP Semiconductors N.V. (NASDAQ: NXPI) will hold its annual meeting of shareholders on Wednesday, June 11, 2025 at 08.45 a.m. CET at the Sheraton Amsterdam Airport Hotel and Conference Center, Schiphol Boulevard 101, 1118 BG Amsterdam, The Netherlands.

    NXP has filed its definitive proxy statement and annual report with the U.S. Securities and Exchange Commission and this proxy statement and other related meeting materials are also available at nxp.com/agm. NXP intends to use the notice and access proxy distribution method and expects to distribute the notice of internet availability of proxy materials no later than May 21, 2025.

    Shareholders may request paper copies of the proxy materials by sending a request to: NXP Semiconductors N.V., High Tech Campus 60, 5656 AG, Eindhoven, The Netherlands, Attention: Secretary.

    About NXP Semiconductors 

    NXP Semiconductors N.V. (NASDAQ: NXPI) is the trusted partner for innovative solutions in the automotive, industrial & IoT, mobile, and communications infrastructure markets. NXP’s “Brighter Together” approach combines leading-edge technology with pioneering people to develop system solutions that make the connected world better, safer, and more secure. The company has operations in more than 30 countries and posted revenue of $12.61 billion in 2024. Find out more at www.nxp.com.

    For further information, please contact: 

    Investor: Media:
    Jeff Palmer Paige Iven
    jeff.palmer@nxp.com paige.iven@nxp.com
    +1 408 205 0687 +1 817 975 0602
       

    NXP-CORP 

    The MIL Network –

  • MIL-OSI: COMSTOCK RESOURCES, INC. ANNOUNCES DUAL LISTING ON NYSE TEXAS

    Source: GlobeNewswire (MIL-OSI)

    FRISCO, TX, May 02, 2025 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE: CRK) today announced a dual listing of its common stock on NYSE Texas, the newly launched fully electronic equities exchange headquartered in Dallas, Texas.

    M. Jay Allison, Chief Executive Officer of Comstock commented, “We are honored to become a Founding Member of NYSE Texas and show our support for the growth, momentum, and entrepreneurial spirit of the Lone Star State. Texas has a strong, diverse economy poised for continued success.”

    “We are thrilled to welcome Comstock Resources as a Founding Member of NYSE Texas,” said Chris Taylor, Chief Development Officer, NYSE Group. “The NYSE is committed to providing new offerings for our world-class community of listed companies and this dual listing underscores both NYSE’s and Comstock’s strong Texas pride and continued support for its flourishing economy.”

    Comstock will maintain its primary listing on the New York Stock Exchange and trade with the same “CRK” ticker symbol on NYSE Texas.

    This press release may contain “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management’s current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes the expectations in such statements to be reasonable, there can be no assurance that such expectations will prove to be correct. Information concerning the assumptions, uncertainties and risks that may affect the actual results can be found in the Company’s filings with the Securities and Exchange Commission (“SEC”) available on the Company’s website or the SEC’s website at sec.gov.

    Comstock Resources, Inc. is a leading independent natural gas producer with operations focused on the development of the Haynesville shale in North Louisiana and East Texas. The Company’s stock is traded on the New York Stock Exchange and NYSE Texas under the symbol CRK.

    The MIL Network –

  • MIL-OSI: Microchip Technology Appoints Long-Time TSMC Executive Rick Cassidy to Its Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    CHANDLER, Ariz., May 02, 2025 (GLOBE NEWSWIRE) — (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, today announced that Rick Cassidy, Senior Vice President of Corporate Strategy Development at Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) and Chairman of TSMC Arizona, will join the Board of Directors of Microchip effective May 2, 2025.

    Regarding Mr. Cassidy’s appointment to the board, Microchip’s President and CEO, Steve Sanghi, said, “We are thrilled to welcome Rick Cassidy to Microchip’s Board of Directors. During his nearly three decades at TSMC, Rick has held significant leadership roles which include President and CEO of TSMC North America, and the founding President and CEO of TSMC Arizona, where today he holds the title of Chairman. He has been instrumental in shaping corporate strategy and driving the success of the fabless semiconductor model. Rick’s extensive background, which also includes key positions at National Semiconductor and service on the Global Semiconductor Alliance Board, brings invaluable expertise in strategy, customer trust, and industry leadership. We are confident that Rick will be a tremendous asset to Microchip, and we look forward to his contributions to our continued success.”

    Mr. Cassidy commented, “I am honored to join Microchip’s Board of Directors and look forward to contributing to its ongoing achievements. Microchip’s dedication to innovation and customer satisfaction aligns with my values, and I am excited to help drive strategic growth and further strengthen its position in the semiconductor industry.”

    About Microchip:

    Microchip Technology Incorporated is a leading provider of smart, connected and secure embedded control solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs, which reduce risk while lowering total system cost and time to market. The company’s solutions serve approximately 112,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at www.microchip.com.

    The Microchip logo and name are registered trademarks of Microchip Technology Incorporated.

    INVESTOR RELATIONS CONTACT:
    Sajid Daudi — Head of investor Relations
    (480) 792-7385

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