NewzIntel.com

Category: Canada

  • MIL-OSI Economics: Samsung Expands Global Availability of Sleep Apnea Feature on Galaxy Watch Series

    Source: Samsung

    Samsung Electronics announced today that the Sleep Apnea feature1 on the Galaxy Watch series — available through the Samsung Health Monitor app2 — is expanding to 34 European markets,3 as well as Australia and Singapore, bringing the global total to 70 markets.4
     
    This growth follows the feature’s receipt of CE (Conformité Européenne or European Conformity) marking for the European Economic Area. The CE marking affirms that Samsung meets the European Union’s health, safety and environmental protection standards, reinforcing its leadership in sleep technology. Additionally, the feature was recently approved by Australia’s Therapeutic Goods Administration and Singapore’s Health Sciences Authority.
     
    The milestone builds on Samsung’s groundbreaking De Novo authorization from the U.S. Food and Drug Administration (FDA) — the first of its kind for a wearable device to detect signs of moderate to severe obstructive sleep apnea.5 The Sleep Apnea feature was also approved by Korea’s Ministry of Food and Drug Safety, Brazil’s health regulatory agency ANVISA and Health Canada.
     
    Recognizing the critical role of sleep in overall health, Samsung is committed to helping users improve sleep quality by understanding their sleep patterns, providing personalized sleep coaching and optimizing their sleep environments. With the Sleep Apnea feature, more users can now detect symptoms6 earlier — helping to prevent health issues associated with this common yet often undiagnosed condition.
     
    The Sleep Apnea feature reflects Samsung’s ongoing commitment to providing users with meaningful insights to support healthy sleep habits. By expanding access to this FDA-authorized feature globally, Samsung is empowering users worldwide to take proactive steps toward better sleep health.
     

     
     
    1 The Sleep Apnea feature is an over-the-counter (OTC), software-only mobile medical application operating on compatible Galaxy Watch series models and Galaxy smartphones. It is intended to detect signs of moderate to severe obstructive sleep apnea in the form of significant breathing disruptions in adult users age 22 and older over a two-night monitoring period. The feature is designed for on-demand use and is not intended for individuals previously diagnosed with sleep apnea. Users should not rely on this feature as a substitute for professional diagnosis or treatment by a qualified healthcare provider. The data provided by this device is also not intended to assist clinicians in diagnosing sleep disorders.
    2 Availability may vary by market, carrier, model or paired smartphone. The feature is available on Galaxy Watch4 series and later models running Wear OS 5.0 or later and must be paired with a Galaxy smartphone running Android 12.0 or later. Due to regulatory restrictions in obtaining approval and registration as a Software as a Medical Device (SaMD), the feature only works on supported Galaxy Watch series models and Galaxy smartphones purchased in markets where the service is currently available. Service may be restricted when users travel to unsupported markets.
    3 Availability may vary depending on country-specific registration in some European markets.
    4 Supported markets include Australia, Austria, Azerbaijan, Bahrain, Belgium, Bolivia, Brazil, Bulgaria, Canada, Chile, Christmas Island, Cocos (Keeling) Islands, Croatia, Cyprus, Czech Republic, Denmark, Dominican Republic, Ecuador, Egypt, El Salvador, Estonia, Faroe Islands, Finland, France, Georgia, Germany, Greece, Guatemala, Hong Kong, Hungary, Iceland, Ireland, Italy, Kuwait, Latvia, Lithuania, Luxembourg, Malta, Mauritius, Mayotte, Mexico, Netherlands, Nicaragua, Norfolk Island, Norway, Oman, Panama, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Réunion, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, United Arab Emirates, United Kingdom, United States, Venezuela, Vietnam and Yemen.
    5 Considered a common yet serious medical condition, sleep apnea causes someone to stop breathing while asleep, which can result in disruptions in oxygen supply, lower sleep quality, and other health complications such as hypertension, cardiac disorder, stroke or cognitive disorder.
    6 The Sleep Apnea feature utilizes the BioActive Sensor to measure blood oxygen saturation (SpO₂) during sleep. It analyzes changes in SpO₂ levels related to apnea and hypopnea patterns and estimates the Apnea-Hypopnea Index to inform users of potential symptoms.

    MIL OSI Economics –

  • MIL-OSI: The last day of trading in unit rights in Terranet’s rights issue

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.

    Today, June 5, 2025, is the last day of trading in unit rights issued in connection with Terranet AB’s (“Terranet” or the “Company”) rights issue of units which the Board of Directors resolved on April 16, 2025, and was approved by the annual general meeting on May 23, 2025 (the “Rights Issue”). Unit rights that are not sold or used for subscription will expire worthless.

    Summary of the Rights Issue:

    • The Rights Issue comprises a maximum of 13,880,714 units. One unit in the Rights Issue consists of twelve (12) B-shares and three (3) warrants of series TO9 B. The warrants are issued free of charge.
    • The subscription price per unit in the Rights Issue is SEK 1.08 per unit, corresponding to SEK 0.09 per B-share. Upon full subscription, the Rights Issue will provide Terranet with approximately SEK 15 million before deduction of issue costs.
    • The right to subscribe for units in the Rights Issue shall, with preferential rights, be granted to shareholders in proportion to the number of shares they already own, where one (1) existing share entitles the holder to one (1) unit right, and eighty-six (86) unit rights entitle the holder to subscribe for one (1) unit.
    • The last day of trading in Terranet’s B-shares including the right to receive unit rights in the Rights Issue was April 25, 2025. The B-shares will be traded excluding the right to receive unit rights from April 28, 2025.
    • The subscription period for the Rights Issue runs from May 27, 2025, up to and including June 11, 2025.
    • The Rights Issue is covered by subscription commitments of approximately SEK 35.2 thousand, corresponding to 0.2 percent of the Rights Issue, and underwriting commitments of approximately SEK 15 million, corresponding to approximately 99.8 percent of the Rights Issue. Thus, the Rights Issue is covered to 100 percent by subscription commitments and underwriting commitments.

    Preliminary timetable for the Rights Issue

    May 27, 2025 – June 5, 2025 Trading in unit rights
    May 27, 2025 – June 11, 2025 Subscripition period
    May 27, 2025 – June 30, 2025 Trading in paid subscribed units (BTU)
    June 13, 2025 Preliminary date for publication of the outcome in the Rights Issue

    Advisers
    Mangold Fondkommission AB is the financial advisor to Terranet in connection with the Rights Issue. Eversheds Sutherland Advokatbyrå AB is the legal advisor to the Company in connection with the Rights Issue.

    For more information, please contact:
    Dan Wahrenberg, CFO
    E-mail: dan.wahrenberg@terranet.se

    About Terranet AB (publ) 

    Terranet’s goal is to save lives in urban traffic. The company develops innovative technical solutions for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV). Terranet’s anti-collision system BlincVision laser scans and detects road objects up to ten times faster than any other ADAS technology available today.
    The company is headquartered in Lund, with offices in Gothenburg and Stuttgart. Since 2017, Terranet has been listed on Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B).

    Follow our journey at: www.terranet.se

    Certified Adviser to Terranet is Mangold Fondkommission AB.

    Important information
    The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Terranet in any jurisdiction, neither from Terranet nor anyone else.

    This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.

    Attachment

    The MIL Network –

  • MIL-OSI USA: SPC Jun 5, 2025 0600 UTC Day 1 Convective Outlook

    Source: US National Oceanic and Atmospheric Administration

    SPC AC 050547

    Day 1 Convective Outlook
    NWS Storm Prediction Center Norman OK
    1247 AM CDT Thu Jun 05 2025

    Valid 051200Z – 061200Z

    …THERE IS A SLIGHT RISK OF SEVERE THUNDERSTORMS ACROSS PORTIONS OF
    THE CENTRAL AND SOUTHERN PLAINS…

    …SUMMARY…
    Scattered severe thunderstorms are expected across the High Plains
    from southwestern Kansas into west Texas. A few tornadoes, large to
    isolated very large hail, and severe gusts are possible.

    …Central/Southern High Plains…

    Large-scale pattern is not forecast to change appreciably during the
    day1 period as broad upper ridging holds across northeast Mexico
    into the lower MS Valley. Along the northern periphery of this
    feature, a few weak disturbances are forecast to translate across
    the southwestern U.S. into the southern/central High Plains region.
    Each of these features should encourage potentially robust, deep
    convection.

    Early this morning, a notable MCS has evolved over the TX Panhandle.
    This complex has been partly aided by a low-amplitude short-wave
    trough that will translate into eastern KS/OK later today. While
    this convection is currently well-organized, with time this activity
    should gradually weaken downstream over western OK/northwest TX. Of
    potential concern will be the influence on boundary-layer stability
    and the position of convective outflow boundaries. If the MCS
    continues as currently anticipated, a possible demarcation in
    buoyancy may extend across the TX South Plains into far eastern NM
    by peak heating. Remnant outflow will likely serve as the focus for
    robust convection later this afternoon as temperatures warm into the
    mid 80s-lower 90s, west and south of the outflow. Forecast soundings
    along this corridor exhibit strong deep-layer shear and substantial
    0-3km SRH. Supercells should develop across the southern High Plains
    and very large hail may accompany these robust updrafts.
    Additionally, profiles appear favorable for tornadoes, especially if
    the aforementioned convective outflow maintains some identity.

    A secondary area of potential convective concentration will be
    across southeast CO into southwest KS. Models suggest strong
    boundary-layer heating will develop across northeast NM into the
    western OK Panhandle, just south of a secondary weak frontal zone
    that should drape itself across this region. Supercells should
    easily develop along this boundary then possibly grow upscale into a
    larger complex of storms as it spreads downstream along the KS/OK
    border after sunset. All hazards are possible with this activity,
    but any tornado threat will likely be concentrated with more
    isolated supercells early in the convective evolution.

    …Elsewhere…

    High-PW plume currently stretches across the lower MS Valley-OH
    Valley-lower Great Lakes-southeast Canada. Scattered convection will
    readily develop along this corridor, juxtaposed along a weak frontal
    zone. Poor lapse rates should limit updraft strength, but some risk
    for an isolated severe wind gust does exist.

    ..Darrow/Wendt.. 06/05/2025

    CLICK TO GET WUUS01 PTSDY1 PRODUCT

    NOTE: THE NEXT DAY 1 OUTLOOK IS SCHEDULED BY 1300Z

    MIL OSI USA News –

  • MIL-OSI USA: Sánchez: Federal court is right, Trump is abusing emergency trade authorities

    Source: United States House of Representatives – Congresswoman Linda Sanchez (38th District of CA)

    WASHINGTON – Ways and Means Trade Subcommittee Ranking Member Linda T. Sánchez (D-Calif.) released the following statement after the Court of International Trade blocked President Trump from using emergency powers to impose tariffs on imports:

    “The federal court is absolutely right. President Trump is blatantly abusing emergency powers to impose broad tariffs that are upending our economy and global trade.

    “Emergency powers are not a blank check for the president to bypass Congress. He cannot toss out new tariffs every time he gets mad at another country.

    “Congress, not the president, has authority over trade, and it’s time Republicans fulfill their oath to the Constitution and work with us to put an end to this administration’s overreach. If they don’t, Republicans risk letting President Trump’s erratic trade policies drive us straight into a recession.”

    Background

    Ranking Member Sánchez introduced the Stopping a Rogue President on Trade Act, a bill that would turn off the global tariffs imposed on April 2, turn off the tariffs imposed by executive order for Mexico and Canada, and require congressional approval for tariffs imposed by the president. The bill has the support of all Ways and Means Democrats.

    Ways and Means Republicans also blocked her amendment to the tax bill that would have ended these tariffs.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Sánchez: Trump latest tariff tantrum threatens Apple, European allies

    Source: United States House of Representatives – Congresswoman Linda Sanchez (38th District of CA)

    WASHINGTON – Ways and Means Trade Subcommittee Ranking Member Linda T. Sánchez (D-Calif.) released the following statement in response to President Trump’s latest threats to place tariffs on the European Union (50 percent starting June 1) and Apple (25 percent if it doesn’t move operations to the United States):

    “Americans again woke up to a Trump tantrum on tariffs – this time threatening our European Union allies and singling out a major American company, Apple. 

    “His tariff chaos has already rattled our markets and put our economy at risk of a recession. He’s now further undermining our standing in Europe and attacking American innovation.

    “Congress has authority over trade, not the president. Republicans need to stop cowering to him on tariffs and reclaim our authority to put an end to this madness.”

    Background

    Ranking Member Sánchez introduced the Stopping a Rogue President on Trade Act, a bill that would turn off the global tariffs imposed on April 2, turn off the tariffs imposed by executive order for Mexico and Canada, and require congressional approval for tariffs imposed by the president. The bill has the support of all Ways and Means Democrats.

    Ways and Means Republicans also blocked her amendment in committee to the tax bill that would have ended these tariffs.

    ###

    MIL OSI USA News –

  • MIL-OSI China: Canada’s union calls for countermeasures against US escalating tariffs

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

    Steel pipes are seen at a steel supplier’s facility in Delta, British Columbia, Canada, June 3, 2025. [Photo/Xinhua]

    Canada’s largest private sector union, Unifor, on Wednesday urged the federal government to act without delay to counter the escalating steel and aluminum tariffs initiated by the United States.

    The decision by U.S. President Donald Trump to double tariffs on Canadian steel and aluminum imports to 50 percent is a direct threat to Canadian jobs and economic stability, said the union in a news release.

    “These tariffs are killing investment in our steel, aluminum, and auto sectors, and we are already seeing the consequences in lost jobs and economic instability,” said Unifor National President Lana Payne. “We need immediate and forceful action to defend good jobs and safeguard our national economic security.”

    The 50 percent tariff, which came into effect on Wednesday, doubles the previous 25 percent duty imposed on Canadian steel and aluminum imports since March 2025.

    Canada remains the largest supplier of both steel and aluminum to the United States. The United States imports approximately a quarter of its steel from Canadian suppliers, while half of all U.S. aluminum consumption originates from Canada.

    Unifor is Canada’s largest union in the private sector, representing 320,000 workers in every major area of the economy. 

    MIL OSI China News –

  • MIL-OSI China: Ancelotti eyes balanced Brazil for World Cup qualifiers

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

    New Brazil manager Carlo Ancelotti said Wednesday that his plan for the national team will not be based solely on flair, but also on grit and defensive organization, as he prepares for his debut against Ecuador in World Cup qualifying.

    Ancelotti, who led Real Madrid to multiple titles including two Champions League crowns with several Brazilians in his squad, said the five-time World Cup champions must play a “complete game” if they are to meet expectations.

    “You can’t just do one good thing,” Ancelotti told reporters. “I believe we will be fine in attack because of the creativity we have. In defense, we need to have a united team that competes, fights and works together.”

    The 65-year-old Italian declined to reveal his starting lineup before Thursday’s match at Estadio Monumental in Guayaquil.

    Rodrygo (L) of Brazil shoots past Johan Mojica of Colombia during the 2026 FIFA World Cup Latin American Qualifier football match between Brazil and Colombia in Brasilia, Brazil, March 20, 2025. (Photo by Lucio Tavora/Xinhua)

    But he said he would aim for balance while prioritizing a compact shape in defense, without limiting his players to a rigid formation.

    “I don’t want a team with a clear identity. We have to defend well, whether it’s 4-3-3 or 4-4-2. We have to defend together and be creative with the ball.”

    One of the challenges facing Ancelotti is how to bring out the best in Real Madrid forward Vinicius Junior, who has struggled to replicate his club form for the national team.

    The 24-year-old has scored just six goals in 39 appearances for Brazil since his international debut in 2019.

    “I don’t know if he’s been at his best here, but he has time to do what he does at Real Madrid,” Ancelotti said. “For us, he’s a fundamental player. We have to work to ensure he performs at his best here.”

    Ancelotti had words of praise for teenage Palmeiras forward Estevao, who will join Chelsea in July.

    The 18-year-old could make his first start for Brazil against Ecuador in the absence of Barcelona’s Raphinha, who is suspended due to an accumulation of red cards.

    “He’s got a special talent… he’s got character, he’s a good person and he’s humble,” Ancelotti said. “But he’s a young player and we have to be patient and careful. He has the characteristics to be very important for the future of the national team.”

    Brazil currently sits fourth in South America’s qualifying standings, with the top six teams earning direct entry to next year’s World Cup in the United States, Mexico and Canada.

    Ancelotti’s team could secure a berth in the tournament with a win over Ecuador and another against Paraguay in Sao Paulo next Tuesday.

    MIL OSI China News –

  • MIL-OSI USA: Cortez Masto Leads Nevada Delegation in Urging President Trump to Reverse Harmful Tariffs

    US Senate News:

    Source: United States Senator for Nevada Cortez Masto

    Washington, D.C. – Today, U.S. Senator Catherine Cortez Masto (D-Nev.) led Senator Jacky Rosen (D-Nev.) and Representatives Dina Titus (D-Nev.-01), Susie Lee (D-Nev.-03), and Steven Horsford (D-Nev.-04) in a letter to President Donald Trump urging him to reverse his blanket tariffs that have had harmful impacts on Nevada. The delegation expressed concern that the tariffs will continue to raise costs for Nevada families, make small businesses harder to operate, worsen the housing shortage, and threaten Nevada’s tourism economy.

    “We write to express our deep concern that your reckless and uncoordinated tariffs imposed on American allies and partners will have a destructive effect on the economy in our home state of Nevada,” wrote the delegation. “Targeted tariffs on our adversaries can be a useful tool to protect American jobs and support our national security; however, your blanket tariffs are the opposite of that. We urge you to reverse your approach and remove harmful tariffs that will only create uncertainty and higher costs for hardworking families and small businesses across Nevada.”

    “That is why we believe U.S. trade policy must be thoughtfully implemented to strengthen our economic bonds with our allies, while strongly confronting adversaries like China. Your administration’s implementation of blunt, widespread tariffs is just the opposite,” concluded the delegation. “It has only served to create chaos and uncertainty across the economy. Your tariffs are raising prices of everyday items for Nevada families and imposing higher costs on Nevada businesses including manufacturers, tourism, and other companies, stunting our state’s previously booming economic growth. We urge your administration to reverse course and commit to working with Congress to modernize our trade policies to ensure they work in the best interest of Nevada and the United States.”

    Read the full letter here.

    Senator Cortez Masto has continued to push the Trump Administration to address the impacts of Trump’s tariffs on working families and Nevada small businesses. Earlier this year, the Senator wrote a letter to the Administration demanding they provide their plan to mitigate the economic stress caused by the implementation of President Donald Trump’s tariffs and other executive actions. During a Senate Finance Committee hearing, Cortez Masto pressed U.S. Trade Representative Greer about the impacts of President Trump’s blanket tariffs on Nevadans, particularly those employed in the tourism and hospitality industry. The Senator introduced the Tariff Transparency Act to require the U.S. International Trade Commission to publicly investigate how Donald Trump’s recent tariffs on imports from Mexico and Canada will impact the American people.

    MIL OSI USA News –

  • MIL-OSI Canada: The Canadian Space Agency remembers Marc Garneau

    Source: Government of Canada News (2)

    June 4, 2025 – Longueuil, Quebec

    Former Canadian Space Agency (CSA) astronaut Marc Garneau has passed away at the age of 76.

    Garneau was one of the original six Canadian astronauts selected in December 1983. He launched aboard the Space Shuttle Challenger on October 5, 1984, as a payload specialist, making history as the first Canadian in space. He flew twice more, on Space Shuttle Endeavour in 1996 and 2000. 

    Following his astronaut career, Garneau was appointed President of the Canadian Space Agency, and was later elected to Parliament, where he served as Minister of Foreign Affairs and Minister of Transport. His decades of unwavering service – as a naval engineer, astronaut and Parliamentarian – is an inspiration to all Canadians.  He embodied the very essence of public service.

    Among the awards and honours he has received are the Order of Canada, 1984; The F.W. (Casey) Baldwin Award, Canadian Aeronautics and Space Institute, 1985; NASA Exceptional Service Medal, 1997; Chancellor, Carleton University, 2003; Queen Elizabeth II Diamond Jubilee Medal, 2002; and several honorary doctorates. 

    MIL OSI Canada News –

  • MIL-OSI Canada: Statement by Prime Minister Carney on the passing of the Honourable Marc Garneau

    Source: Government of Canada – Prime Minister

    “Today, I join Canadians in mourning the passing of the Honourable Marc Garneau – Canadian naval officer, astronaut, and public servant of exceptional distinction.

    “Marc made history as the first Canadian in space, inspiring a generation with his courage and intellect. He was named a Companion of the Order of Canada – our highest civilian honour. After a decorated career in the Royal Canadian Navy and at the helm of the Canadian Space Agency, he brought that same dedication and duty to public life.

    “As a Member of Parliament, Minister of Transport, and Minister of Foreign Affairs, Marc strived to build a stronger and safer Canada – always guided by deep and abiding purpose. He believed in progress, in science, in integrity, and in humility. Marc brought leadership, focus, and quiet strength to every file – be it strengthening aviation security in conflict zones or negotiating the release of Michael Kovrig and Michael Spavor.

    “To those who worked alongside him, Marc was a trusted colleague and friend. To Canadians, he was a symbol of national pride and possibility.

    “I extend my deepest condolences to his family, friends, colleagues, and to all Canadians who looked to him for inspiration. Marc leaves an extraordinary legacy of public service, excellence, and Canadian values.”

    MIL OSI Canada News –

  • MIL-OSI Canada: The Government of Canada outlines 2025 measures to protect Southern Resident killer whales

    Source: Government of Canada News

    The Government of Canada recognizes that Southern Resident killer whales continue to face imminent threats to their survival and recovery, and that protecting these iconic marine mammals requires comprehensive and immediate action. The 2025 management measures focus on addressing the three primary threats to Southern Resident killer whales: acoustic and physical disturbance; prey availability and accessibility; and contaminants.

    1. Acoustic and physical disturbances from vessels

    Approach distance

    Vessels must stay at least 400 metres away and must not impede the path of all killer whales year-round in Southern British Columbia coastal waters between Campbell River to just north of Ucluelet. Commercial whale-watching and ecotourism companies who receive an authorization from the Minister of Transport and Internal Trade will be able to view non-Southern Resident killer whales (such as transient (Biggs) killer whales) from 200 metres, given their expertise in identifying different types of killer whales.

    If a vessel finds itself within 400 metres of a killer whale, they are asked to turn off fish finders and echo sounders and put the engine in neutral when safe to do so to allow animals to pass.

    If a vessel is within 1,000 metres of a killer whale, they are asked to reduce speed to less than seven knots when safe to do so to lessen engine noise and vessel wake.

    To address imminent threats to Southern Resident killer whale survival and the Government of Canada’s commitment to develop longer-term actions for the recovery of Southern Resident killer whales, Fisheries and Oceans Canada proposes to increase the approach distance to 1,000 metres for Southern Resident killer whales through amendments to the Marine Mammal Regulations under the Fisheries Act. The process for amending the Marine Mammal Regulations remains ongoing. The exact scope and implementation of any regulatory measures will be informed by future consultations with directly affected First Nations, Wildlife Management Boards, stakeholders, and other affected parties upon publication of the draft regulation in the Canada Gazette, Part 1. The consultations are intended to seek feedback on the scope of these measures and identify and mitigate, to the extent possible, potential impacts.

    Speed restricted zones

    The 2025 measures continue the mandatory speed restricted zones near Swiftsure Bank, co-developed with the Pacheedaht First Nation.

    • From June 1 until November 30, 2025, all vessels must slow down to a maximum of 10 knots over ground in two speed restricted zones near Swiftsure Bank. The first area is in the Protected Fisheries Management Area 121-1 and the second speed restricted zone is located near the mouth of the Nitinat River from Carmanah Point to Longitude 125 degrees west.
    • Exemptions are in place for the following:
      • vessels in distress or providing assistance to a vessel or person in distress
      • vessels avoiding immediate or unforeseen danger
      • government or law enforcement on official business
      • permitted research if the research requires higher speed; and
      • a sailing vessel proceeding under sail and not being propelled by machinery
    • While the mandatory speed restricted zones and the voluntary slowdowns coordinated by the Vancouver Fraser Port Authority’s Enhancing Cetacean and Habitat Observation (ECHO) Program both cover known foraging areas at or near Swiftsure Bank, they are separate measures from each other and take place in different locations. The ECHO Program slowdown at Swiftsure Bank is a voluntary ship slowdown which takes effect across 23 nautical miles in both the outbound and inbound lanes at Swiftsure Bank.

    Vessel restricted zones (Formerly Interim sanctuary zones)

    Formerly known as Interim Sanctuary Zones, Vessel Restricted Zones create spaces of refuge for the whales. The location of these zones is based on scientific and Indigenous knowledge of historically important foraging areas for Southern Resident killer whales.

    • From June 1 until November 30, 2025, no vessel traffic or fishing activity is allowed in vessel restricted zones off the southwest coast of South Pender Island and the southeast end of Saturna Island. Exceptions will be allowed for emergency situations and vessels engaged in Indigenous food, social, and ceremonial fisheries.
    • To ensure the safety of those operating human-powered vessels, a 20-metre corridor next to shore will allow kayakers and other paddlers to transit through these zones. If a killer whale is in the sanctuary at the time, paddlers must remain 400 metres away from the whales.

    Voluntary speed reduction zone

    In 2025, Transport Canada is continuing with a voluntary speed reduction zone in Tumbo Channel, in effect once again from June 1 to November 30, 2025. When travelling through this area, it is recommended that vessels reduce their speed to 10 knots, when safe to do so.

    2. Prey availability

    Chinook, chum and coho salmon are an essential part of the Southern Resident killer whale diet. Last year’s process developed and consulted on salmon fisheries management measures for both 2024 and 2025, which were announced on June 3, 2024.

    To address the limited availability of prey, Fisheries and Oceans Canada is continuing a combination of fishing restrictions in key foraging areas within their critical habitat, along with voluntary measures coastwide. These measures will reduce disturbance and competition for salmon between fish harvesters and killer whales. Opportunities will be available for non-salmon related recreational and commercial fisheries, for Indigenous food, social and ceremonial harvest as well as Treaty-defined fishing access.

    For 2025, the following measures will help protect the whales’ access to salmon and minimize disturbance in key foraging areas:

    • Area-based closures in Southern Resident killer whale key foraging areas for recreational and commercial salmon fisheries:
      • around the Strait of Juan de Fuca (portions of Subareas 20-4 and 20-5) in effect from August 1 until October 31
      • Swiftsure Bank (portions of Subareas 20-1, 21-0, 121-1 and 121-2) in effect from July 15 until October 31
      • around the mouth of the Fraser River (a portion of Subarea 29-3) from August 1 to September 30
    • The Southern Gulf Islands area-based closures (Subarea 18-9 and portions of 18-2, 18-4 and 18-5) will be in effect as early as May 1, based on confirmed presence of Southern Resident killer whales. These closures will be in place until November 30, 2025.
    • All fishers are encouraged to temporarily cease fishing activities (e.g., do not haul in gear where appropriate) when killer whales are within 1,000 metres. This voluntary measure is in place year-round throughout Canadian Pacific waters.

    To address the ongoing imminent threats to Southern Resident killer whale survival and recovery, proposed adjustments to the Southern Resident killer whale commercial and recreational salmon fishing closures are being considered and consulted on for 2025 and or 2026 under the Fisheries Act to address the threat of reduced prey availability. The exact scope and implementation of any regulatory measures will be informed by consultations with directly affected First Nations, Wildlife Management Boards, industry stakeholders, and other affected parties. The consultations are intended to seek feedback on the scope of these measures and identify and mitigate, to the extent possible, potential impacts.

     

    Enhancing Cetacean Habitat and Observation Program (ECHO)

    For the ninth year in a row, the Vancouver Fraser Port Authority-led Enhancing Cetacean and Habitat Observation (ECHO) Program will coordinate large-scale threat reduction measures to support the recovery of endangered southern resident killer whales. These measures will include a ship slowdown in Haro Strait, Boundary Pass and Swiftsure Bank, and a route alteration in the Strait of Juan de Fuca. Full details of the ECHO Program’s voluntary measures, including dates, target slowdown speeds and location coordinates, are available on the ECHO Program’s website (www.portvancouver.com/echo).

    3. Contaminants

    Considering the persistence of many contaminants in the environment, the Government of Canada and its partners continue to progress on long-term actions to support Southern Resident killer whale recovery in the following areas:

    The Government of Canada has also developed and updated the online Pollutants Affecting Whales and their Prey Inventory Tool, which maps estimates of pollutant releases within the habitats of Southern Resident killer whales and their primary prey, Chinook salmon. This tool will help model the impacts of additional mitigation measures and controls.

    To better understand the threat of contaminants and to provide input into government action, the Government of Canada leads a technical working group focused on contaminants in the environment. This group is comprised of key partners from all orders of government, academia and non-governmental organizations and:

    • has identified priority contaminants of concern;
    • has provided recommendations for the long-term actions to support Southern Resident killer whale recovery; and
    • conducts important monitoring and research, to identify contaminant exposures to Southern Resident killer whales, their habitat and their prey.

    In addition, the group continues to recommend and develop environmental quality guidelines for the protection of Southern Resident killer whales and their prey and compares them with monitoring data to identify areas of potential risk for further action.

    Compliance with management measures depends on public awareness. The Government of Canada continues to collaborate with educational organizations, environmental groups, Indigenous partners, and government bodies to raise awareness of the Southern Resident killer whale protection measures through public education and outreach efforts. For further information, please see Whales and contaminants – Canada.ca and how Canada is reducing the threat of contaminants to Southern Resident Killer Whales – Canada.ca.

    MIL OSI Canada News –

  • MIL-OSI Canada: The Governments of Canada and Manitoba match Red Cross donations to help those impacted by wildfires

    Source: Government of Canada News (2)

    June 4, 2025 – Ottawa, Ontario

    Today, the Governments of Canada and Manitoba announced that they will both match every dollar donated to the Canadian Red Cross 2025 Manitoba Wildfires Appeal to support wildfire disaster relief and recovery efforts across Manitoba.

    Donation matching will be open for 30 days, retroactive to when each appeal first opened on May 28.

    Through this initiative, the provincial government will match donations up to $15 million.

    The funds raised will be used to assist those impacted in Manitoba with immediate relief, including financial assistance, support to evacuees and the communities hosting them, as a result of the wildfires in Manitoba.

    Thousands of Manitobans have been displaced as wildfires continue to threaten communities across the province. In response, the Canadian Red Cross is working closely with Indigenous leadership and all levels of government to provide emergency accommodations, personal services, and critical information to people who have been forced from their homes.

    The Governments of Canada and Manitoba are committed to continue doing everything they can to support all those affected.

    Canadians wishing to make a financial donation to help those impacted by wildfires in Manitoba or Saskatchewan can do so online at www.redcross.ca or by calling 1-800-418-1111.

    MIL OSI Canada News –

  • MIL-OSI Canada: Government of Canada announces 2025 measures to protect Southern Resident killer whales

    Source: Government of Canada News (2)

    June 4, 2025            British Columbia, Canada                            

    The government is acting to protect Canada’s nature, biodiversity and water. Southern Resident killer whales are iconic to Canada’s Pacific coast and hold deep cultural significance for Indigenous Peoples and coastal communities in British Columbia.  

    That’s why today, the Minister of Transport and Internal Trade, the Honourable Chrystia Freeland, the Minister of Fisheries, the Honourable Joanne Thompson, and the Minister of Environment and Climate Change Canada, the Honourable Julie Dabrusin, announced measures to protect Southern Resident killer whales on the west coast.

    These measures will primarily address acoustic and physical disturbance to Southern Resident killer whales from recreational, fishing, and whale watching vessels.

    The 2025 vessel and fishery measures include: 

    • Two mandatory speed restricted zones near Swiftsure Bank, effective June 1 to November 30, 2025.
    • Two vessel restricted zones off Pender and Saturna Islands, effective June 1 to November 30, 2025.
    • The continued requirement for vessels to stay at least 400 metres away from all killer whales, and a prohibition from impeding the path of all killer whales in Southern British Columbia coastal waters between Campbell River and Ucluelet, including Barkley and Howe Sound. This is now in effect until May 31, 2026.
    • A voluntary speed reduction zone in Tumbo Channel, off the North side of Saturna Island, effective June 1 to November 30, 2025.
    • An agreement with authorized local whale watching and ecotourism industry partners to abstain from offering or promoting tours viewing Southern Resident killer whales.
    • Fishery closures for commercial and recreational salmon fisheries in key Southern Resident killer whale foraging areas.  
    • Continued actions to reduce contaminants in the environment affecting whales and their prey, including developing tools to track pollutants and their sources and monitoring contaminants in air, freshwater, sediments, and wastewater.

    Fisheries and Oceans Canada proposes to increase the approach distance to 1,000 metres for Southern Resident killer whales through amendments to the Marine Mammal Regulations under the Fisheries Act.

    The federal government will continue its ongoing efforts and long-term actions alongside all partners, including First Nations, stakeholders, and the marine and tourism industries to support the protection and recovery of the Southern Resident killer whale population.

    MIL OSI Canada News –

  • MIL-OSI USA: Governor Hochul Speaks at Axios AI + NY Summit

    Source: US State of New York

    arlier today, Governor Kathy Hochul participated in Axios AI+ NY Summit fireside chat with Ina Fried.

    VIDEO: The event is available to stream on YouTube here and TV quality video is available here (h.264, mp4).

    AUDIO: The Governor’s remarks are available in audio form here.

    PHOTOS: The Governor’s Flickr page will post photos of the event here.

    A rush transcript of the Governor’s remarks is available below:

    Ina Fried, Axios: Next up, we are joined by a governor who’s putting AI front and center of her tech policy agenda. Please welcome New York Governor Kathy Hochul. Thanks so much. First off, I think we’re both big sports fans, although I think yours are more concentrated in Buffalo than my teams.

    Governor Hochul: I love all my New York teams. All the ones that play in New York in particular.

    Ina Fried, Axios: We have a very lively crowd.

    Governor Hochul: We can annex the Meadowlands and bring them back home for anybody’s paying attention. I think I’m going to run on that.

    Ina Fried, Axios: We just have to annex the Meadowlands.

    Governor Hochul: Trump can take Canada. I should at least be able to get the Meadowlands right.

    Ina Fried, Axios: You focused a lot on bringing high tech jobs to New York, not just AI but CHIPS. I think there was another announcement today, Global Foundries is going to increase its investment by another $3 billion. Talk about those efforts, but also in the context of what’s coming with AI. I mean, if the predictions are right, we had the Anthropic founder, Dario Amodei, saying, this could be half of jobs over a few years. Is it enough to just have incentives to bring high tech jobs here? If generative AI eliminates this many jobs, is even retraining feasible? Like what do we really need?

    Governor Hochul: No, it’s all in the realm of possibility. I want New York to be the home of innovation. We always have that. All the great inventions, all the technological revolutions that proceed. IBM is home here. Micron will soon find its way here, and that’s 50,000 jobs in upstate New York. I’m from Buffalo, as you may have figured out from the first question. That’s a lot. That’s for an economy that you see based on manufacturing and building. And my dad and grandpa were steelworkers and now my dad left a steel plant and started a tech company back in the sixties.

    So I’m hardwired to be part of an economy that’s devoted to risk. The people are willing to go out there and do something that’s quite unprecedented, but also the returns are very high. So I want New York to be that place that people look to as they already are. I mean, we have over 2,000 AI startups right now, but your question is, will these new jobs of manufacturing semiconductors, for example, and others, will that replace the jobs that can be lost?

    It does not have to be that way. AI can increase productivity dramatically. So why can’t we harness that to be the most productive nation on the planet — that we can have more output and use human capital in the ways that have not been harnessed before? Because people are too busy working on an assembly line in the past. Let’s take that talent and refocus it on innovation.

    We have a workforce, for example, of over 188,000. I have a plan to train 100,000 New York State employees. Train them in the uses of AI, how it can supplement us, how we can be more responsive to the public. I’m not looking to eliminate their jobs. I want them to have a better — have people have a better customer experience when they come into a DMV or other offices.

    So I see great potential here, and I leaned hard into this. We will talk about Empire AI I presume, but this is something that’s so natural. I’m very competitive. I’m proud that New York City is now the number one destination for new tech jobs. I mean, that’s us. I won’t name any other cities or what coast they’re on.

    Ina Fried, Axios: Before I came here, I left a few AI companies in San Francisco to come here.

    Governor Hochul: Anybody not a New Yorker here? I’m just pointing it out. This is the smartest people on the planet. They’re here and they’re saying they’re New Yorkers. So, just an observation.

    Ina Fried, Axios: Obviously as a sports fan, it’s hard to beat home field advantage. So jobs is obviously one big piece of this, but another is making sure that society is ready to adapt and use it safely. I want to broaden out, but one place to start — we had a conversation with Aura, which is a startup that’s working on, how do we make this safe for kids and families? And obviously that’s something you’ve also been focused on.

    How do you see the role of AI in education? You’ve had some bills around phone use, around deep fakes among students. How do we make sure that kids are learning the technology they need to be learning, but also protected from chatbots that might increase addiction and that sort of thing. What else do we need?

    Governor Hochul: No. New York State is nation-leading when it comes to protecting our children — and I can go into the details because we enacted these last year against a lot of opposition.

    But I said to the big tech companies that were saying, “Well, we were able to kill this in some other states. We plan on killing it in New York.” I said, “Why don’t you get out of the courtroom and come into my conference room and we’ll talk about this.” There is a path forward, but I know all of you have kids.

    And I’m sure you want someone to be looking out for them. Well, I’m New York State’s first Mom Governor, and I look out for all the kids. So that’s where I approach this from is what we can do to protect our children, but not unnecessarily constrained what AI is all about and the potential.

    So we did this, but I’ll tell you what’s most concerning is what Washington did — their House Republicans just did a few days ago — and if this gets through the Senate, it says that no state or municipality can regulate any form of artificial intelligence for the next decade.

    So that means my ban on sexual exploitation of young girls on social media and using AI and the fact that there are these AI undressing sites. In the first half of 2024, there were 16 sites that had 200 million views. I mean, this is what’s going on to our kids, our girls sitting in high schools, and we have to stop that.

    And so I have a whole list of reforms — I encourage every other state to undertake it because right now I am not holding my breath that Washington will have the courage to stand up and do what’s right, which really should be a nationwide policy to protect our children. We’ll keep at it. And I’m concerned. We’ll see the Trump administration in court, once again, because — and this is a real growth industry for lawyers, right? I’m getting sued, I’m suing them, and I’m a lawyer too, I’d probably make more money on the other side, but I like what I do.

    Ina Fried, Axios: So what I hear from the tech companies all the time is, “Oh, we’re fine with regulation, we just don’t want a patchwork of regulation. We don’t want different regulations in 50 states.” Are they being genuine when they say that or do they just not want regulation?

    Governor Hochul: Well, then here’s what we’ll do. We’ll let you work with New York State as we did. We’ll be the gold standard. I was just with a room full of crypto leaders yesterday. I said, “You want to do virtual currency in New York because we’ll have the Good Housekeeping Seal of Approval. We always do things to make sure it’s protecting our citizens, our consumers, our viewers, and we’ll always have the highest standards. So come join us, and then you can create it here with us and other states can replicate it. So I’m happy to do that.

    As a former member of Congress — really happy I’m not there right now — I know that this is really Washington’s responsibility, because it’s hard for companies to have a different policy they have to adhere to in 50 different states. That is not ideal.

    Ina Fried, Axios: So if we don’t want 50 regulations and Congress seemingly is not gonna do anything, could you work with other states?

    Governor Hochul: Oh yeah. Yeah.

    Ina Fried, Axios: Is there efforts already in that regard there?

    Governor Hochul: Yeah, there’s a democratic governor’s organization that is more forward thinking in this space, and we do work together, we share ideas. But our legislation is just one-year-old now, and I’m sure they want to see the — our law is one-year-old, the regulations are following, so there’s a little bit of work to do. But that’s exactly what we do, we share best practices.

    Ina Fried, Axios: So as we’ve alluded to, there’s a bunch of individual policies in place in New York, laws that have passed around things like kids’ privacy, deepfake porn. One thing New York doesn’t have is a real comprehensive statewide privacy law, similar to Washington and some other states. Does New York need a privacy bill?

    Governor Hochul: We’re looking at that as well. What we focused on primarily were kids right off the bat, and even with respect to social media algorithms, we are the first state in the nation to ban social media companies from bombarding our kids with algorithms throughout the day, and really many times taking them to a dark place. I mean, if a young person is contemplating suicide and they put in “suicide” and it comes back with — not resources and support and uplifting messages to make them think differently, it tells them how to commit suicide. So when we have triggering words like that that show up, we have our police alerted to that and others who are alerted to this.

    So this is what we’re focusing on, how to send out the warning signals of what can be done. But privacy is very important to us as well. We’ll get to that, I just need to take care of the kids first.

    Ina Fried, Axios: And on that front, you mentioned social media. That’s obviously been a huge concern for a long time is the impact that’s having on our kids. It seems like the next thing down the road is AI companions, where they’re not talking to a real person, but they’re talking to an AI companion. What should that relationship — should kids not be talking to AI companions at all?

    Governor Hochul: We have in our law, and I don’t know that other states have done this, that there has to be some warning or indication over and over that this is not a real person. This is not a real person. We have that in our laws now. We did that already just to give that young person just a reality check.

    And I can’t stop the whole phenomenon from happening, but the stories that have been coming out, not just the 14-year-old in Florida who committed suicide, but the New York Times did quite a story about all the different relationships. And adults can make their own decisions, kids are very impressionable, and those are the ones that we have to take the extra measure to protect.

    And we should not get any opposition from these companies at all. I mean, tell them it’s bad for your image to be standing up against a mom and protecting kids. I mean, just don’t even go there. It’s just not worth the fight.

    Ina Fried, Axios: So every now and then, folks who have been coming to this conference for a while know, I very occasionally give out a magic wand and allow someone to— if you could wave this magic wand and have the ideal regulation in place, what would it look like? So I’m going to let you borrow — you can’t keep it — borrow my magic wand.

    If you could wave your wand and have some ideal legislation in place around how AI can be embraced safely, what would be part of that package?

    Governor Hochul: Part of that would be that there’s a lot of education of people. People do not understand this gap between virtual reality and reality, and I’m afraid that’s something that a lot of kids are falling into.

    So, I would want to make sure that all your personal information is protected. What we did last year was our Child Protection Act — you cannot sell data collected on kids, anyone under 18; you cannot amass this data based on their preferences, where they’re going — you can no longer send algorithms to them; you can no longer sell that to other people. I think that’s something adults are entitled to as well. Those are some of the privacy protections. You can’t be capturing all this personal data and monetizing it. So that’s an area I think we should be focused more on and get some cooperation from the companies.

    Ina Fried, Axios: I know you leave a bunch of the court battles to your very active Attorney General — I get emails from her on a practically daily basis of what she’s challenging the White House on. What are the things that have happened in the first few months of the Trump administration that have you personally most concerned? What are the fights that you want more people to take up?

    Governor Hochul: You do not have enough time.

    Ina Fried, Axios: We got three minutes.

    Governor Hochul: God. I mean, my latest fight was to save offshore wind. They literally, on April 16, pulled the plug on a 10 year, $5 billion project from a company called Equinor from Norway, which will be powering 500,000 homes in Brooklyn with renewable energy. That is a big win for our climate, our renewable energy efforts, and to meet our climate goals. On April 16, the Secretary of Interior gave them a stop work order. The project was going to be stopped a few weeks ago. They’re losing $50 million a week.

    I went down to the White House; I had long conversations; I had more phone calls; and I’m proud to say we saved not just renewable energy, but 1,500 clean energy jobs in the process. So, that’s the most recent. They’re attacking congestion pricing every single month on the 21st — I get, basically, a hostage letter that if you don’t turn off the cameras, we’re going to kidnap you or whatever it is and I usually take it, and do a social media of it, and throw it away — here we go.

    So we’re fighting on that, but also on other areas about my rights to — we just had a win in court on that, where they’re threatening to withhold federal dollars. Anytime they don’t like something you do, whether it’s the State of Maine — my friend Janet Mills was subjected to this; we were together in the White House when she got harassed — they threatened withholding federal dollars. We just got a temporary restraining order from them threatening to withhold our federal dollars when it came. So that’s — I can’t keep it all straight.

    We litigated birthright citizenship. We’re going to have a lot of complicated challenges with the immigration issue. I have to testify before the House Oversight Committee on that very issue next week — really looking forward to that. You see who’s on that committee? Check it out. And, by the way, it’s someone who said, “I didn’t even read the bill. No, it’s a thousand pages.” Use ChatGPT to figure it out — right?

    They’re claiming they did not know that there was a 10 year ban on any social media. I mean, I’m sorry, any AI.

    Ina Fried, Axios: AI.

    Governor Hochul: “Oh, I didn’t know.” You voted for it. Just ask GPT. Anything I should worry about in here?

    Ina Fried, Axios: All right. I would love to keep the —

    Governor Hochul: Just some humble advice for them.

    I would love to keep the conversation going. Unfortunately, I know you have somewhere to go and we’re almost out of time. I have a quick question that I think only you can answer. So, I love buffalo sauce, but I don’t really like the bones.

    Ina Fried, Axios: Do boneless wings count?

    Governor Hocul: There’s chicken fingers.

    Ina Fried, Axios: That’s what my 12-year-old likes.

    Governor Hocul: Okay, chicken fingers are close enough, no one will mock you out, but the damning thing — if you ever eat chicken wings with ranch dressing, you’ll be barred from the entire region. Just don’t go. Just —

    Ina Fried, Axios: All right.

    Governor Hocul: Take it from me, everybody. That’s your pro-tip today. All right, so you heard it here: the Meadowlands is now part of New York, boneless wings are okay, but don’t you dare put them in ranch.

    Ina Fried, Axios: Thank you so much, Governor Hochul.

    Governor Hocul: Thank you.

    MIL OSI USA News –

  • MIL-OSI USA: Shaheen Grills Secretary Lutnick on Impacts of Damaging Steel Tariff on Granite State Businesses, Defense Supply Chain

    US Senate News:

    Source: United States Senator for New Hampshire Jeanne Shaheen

    (Washington, NH) – U.S. Senator Jeanne Shaheen (D-NH), a senior member of the U.S. Senate Appropriations and Small Business Committees, today questioned U.S. Secretary of Commerce Howard Lutnick during a Commerce, Justice, Science and Related Agencies Appropriations Subcommittee hearing examining the U.S. Department of Commerce’s budget request. During the hearing, Shaheen grilled Secretary Lutnick on President Trump’s damaging steel tariffs – which were recently doubled – and drew attention to the impacts on New Hampshire businesses and the nation’s defense supply chain. You can watch the Senator’s full remarks and questions here.

    “Last month I visited a New Hampshire company that makes ball bearings for the aerospace industry. And I agree we should be protecting the aerospace industry in this country. It’s our biggest export in New Hampshire – aerospace parts. They were very concerned about the impact of the steel tariffs on their ability to get ball bearings. They said not only has their costs gone up, but the lead time to get the steel to make the bearings. They only have one domestic supplier. While they had suppliers in the Indo-Pacific and in Canada, those have been eliminated under the tariffs. They said that their lead times have gone from 20 weeks to two and a half years because of the tariffs. I think this creates a real challenge with respect to our national security. A good percentage of the work they do is with the Department of Defense,” Shaheen said of the impacts tariffs are having on a Granite State manufacturer.

    Secretary Lutnick dismissed Senator Shaheen’s concerns about rising costs for small businesses.

    Shaheen also raised concerns over Secretary Lutnick’s plans to eliminate the Manufacturing Extension Partnership whose Centers provide access to expert advisors and technological services that help grow the U.S. manufacturing base, reduce operating costs, develop new technology and jobs and compete on a global scale. Shaheen noted that in Fiscal Year 2023, every dollar of federal investment in the program generated $24.60 in new sales growth and $27.50 in new client investment.

    Senator Shaheen is helping lead efforts in Congress to mitigate the harmful impacts of President Trump’s tariffs. In January, Shaheen introduced the Protecting Americans from Tax Hikes on Imported Goods Act which would limit the president’s ability to leverage sweeping tariffs that increase costs for American consumers and families. Her effort to pass this bill by unanimous consent was blocked by Senate Republicans. In recent months, Shaheen has traveled across the Granite State to visit businesses including Chatila’s Bakery, C&J, DCI Furniture, Mount Cabot Maple, American Calan Inc., NH Ball Bearings and Colby Footwear. to hear directly from Granite Staters impacted by the administration’s tariffs. 

    MIL OSI USA News –

  • MIL-OSI Canada: Sport regulation balances fairness and safety

    Source: Government of Canada regional news (2)

    MIL OSI Canada News –

  • MIL-OSI Economics: NEWS RELEASE: And that’s a wrap on Energy Storage Alberta 2025

    Source: – Press Release/Statement:

    Headline: NEWS RELEASE: And that’s a wrap on Energy Storage Alberta 2025

    The second annual CanREA Summit devoted to the future of energy storage in Alberta was a success in Calgary this year.

    Calgary, June 3, 2025 – More than 200 people attended the Energy Storage Alberta—CanREA Summit and CanREA Connects networking event in Calgary today, a full-day conference examining the myriad ways that innovative energy storage technologies will be critical for Alberta’s energy future.

    “We need more energy storage in Alberta, because we need all the solutions that it brings to the table: Storage provides many different services to the electricity grid, such as time shifting, improving general reliability and reducing system costs. And the cost of storage is decreasing dramatically: battery costs have fallen by more than 90% in the past 15 years. It is time to leverage this to our advantage,” said CanREA President and CEO Vittoria Bellissimo.

    Energy Storage Alberta 2025 kicked off with a keynote address by Alberta’s Minister of Affordability and Utilities, Nathan Neudorf. Minister Neudorf shared his perspective on the changes expected with the upcoming REM. He was hopeful about bringing more certainty to investors in the market, and optimistic that the AESO’s process will create a market that would support market participants, such as energy storage.

    CanREA then welcomed AESO President and CEO Aaron Engen, who presented key updates on the AESO’s plans for Alberta’s grid and shared how market participants, including energy storage, play key roles in contributing to the design of the REM and the evolving electricity market.

    The first panel discussion, “Restructuring success: New electricity market and transmission policies in Alberta,” examined what the planned Restructured Energy Market (REM) will look like and how costs will be allocated, focusing on the question: What does this all mean for energy storage over the next five years?

    A special lunch keynote by Greg Lyle, Founder and President of Innovative Research Group, featured insights on the public support for energy storage and infrastructure projects in Alberta—drawing on the latest polling data to show how public attitudes can inform more effective decision-making and policy development.

    Other panel discussions focused on meeting energy demand with new AI data centres and growing populations, reducing constraints to energy storage solutions, exploring the latest advancements in energy-storage technologies, and much more.

    “Our conference focused on how to get storage projects built in Alberta, and how to operate them efficiently once they are in service,” said Bellissimo. “CanREA members are ready and willing to move forward with projects in Alberta and other jurisdictions across Canada, given the right conditions, such as fair transmission costs with longer-term rate stability, and contact mechanisms that incent new storage capacity.”  

    CanREA wishes to thank all attendees, moderators and speakers for helping to make the Summit a success. A special word of thanks to Platinum Sponsor Northland Power, Gold Sponsors Enfinite & Bennett Jones LLP, Silver Sponsor PCL, Bronze Sponsors Fasken, Sungrow Power, Dentons, CIBC & Apsystems, and Iron Sponsor Regulatory Law Chambers.

    Background information

    What is Energy Storage?

    In its simplest definition, energy storage is anything that allows us to store energy in a form that can be utilized in the future—hours, days or possibly months later, depending on the technology.

    Many different energy-storage technologies are in development in Canada, with some already in operation. They include batteries, hydrogen, mechanical storage (pumped hydro, compressed air, flywheels) and thermal methods. 

    Batteries are probably the best-known—and most scalable—form of energy-storage technology. But energy storage is so much more than lithium-ion batteries. Technologies are changing, companies are innovating, and new systems to solve clean-electricity challenges are being deployed every year. Innovative energy-storage technologies include long-duration storage and new battery chemistries. 

    These technologies can do much more than simply store energy: They can provide many key services, including wires services (such as capacity value, peak shaving, voltage support, frequency regulation, and transmission & distribution deferral and congestion management), reliability services (such as regulating reserve, spinning reserve and black start), and market services (such as time shift, arbitrage, demand charge reduction and backup power).

    The many services provided by energy storage are shown in the graphic above, pulled from CanREA’s 2022 whitepaper, “Laying the Foundation: Six priorities for supporting the decarbonization of Canada’s grid with energy storage.”

    Quotes

    “We need more energy storage in Alberta, because we need all the solutions that it brings to the table: Storage provides many different services to the electricity grid, such as time shifting, improving general reliability and reducing system costs. And the cost of storage is decreasing dramatically: battery costs have fallen by more than 90% in the past 15 years. It is time to leverage this to our advantage.” 

    “Our conference focused on how to get storage projects built in Alberta, and how to operate them efficiently once they are in service. CanREA members are ready and willing to move forward with projects in Alberta and other jurisdictions across Canada, given the right conditions, such as fair transmission costs with longer-term rate stability, and contact mechanisms that incent new storage capacity.” 

    —Vittoria Bellissimo, President and CEO, Canadian Renewable Energy Association (CanREA)

    For media interviews, please contact:

    Michaela Ianni, Communications SpecialistCanadian Renewable Energy Association communications@renewablesassociation.ca

    The Canadian Renewable Energy Association

    The Canadian Renewable Energy Association (CanREA) is the voice for wind energy, solar energy and energy storage solutions that will power Canada’s energy future. We work to create the conditions for a modern energy system through stakeholder advocacy and public engagement. Our diverse members are uniquely positioned to deliver clean, low-cost, reliable, flexible and scalable solutions for Canada’s energy needs. For more information on how Canada can use wind energy, solar energy and energy storage to help achieve its net-zero commitments, consult “Powering Canada’s Journey to Net-Zero: CanREA’s 2050 Vision.” Follow us on Bluesky and LinkedIn. Subscribe to our newsletter here. Learn more at renewablesassociation.ca. 

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    MIL OSI Economics –

  • MIL-OSI: Gran Tierra Energy Announces Sale of Gran Tierra North Sea Limited

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta , June 04, 2025 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced that a wholly owned subsidiary of the Company has signed an agreement to sell its wholly owned subsidiary, Gran Tierra North Sea Limited (“GTNSL”), to NEO Energy for total consideration of US$7.5 Million. NEO Energy is a private upstream company and a leading independent operator in the United Kingdom Continental Shelf.

    GTNSL holds a 100% equity interest in UKCS licence P2358 which includes the Serenity Discovery.

    Completion of the transaction is subject to certain customary conditions precedent, including consent from the North Sea Transition Authority in respect of the change of control of GTNSL. The transaction is expected to close sometime in the third quarter of 2025.

    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

    Forward Looking Statements and Legal Advisories:

    This press release contains statements about future events that constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and financial outlook and forward looking information within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). All statements other than statements of historical facts included in this press release, including those statements preceded by, followed by or that otherwise include the words “expect,” “plan,” “can,” “will,” “should,” and “believes,” derivations thereof and similar terms identify forward-looking statements. Among the important factors that could cause our actual results to differ materially from the forward-looking statements in this press release include, but are not limited to the risk factors detailed from time to time in Gran Tierra’s periodic reports filed with the Securities and Exchange Commission, including, without limitation, under the caption “Risk Factors” in Gran Tierra’s Annual Report on Form 10-K for the year ended December 31, 2024 filed February 24, 2025 and its other filings with the SEC. These filings are available on the SEC website at http://www.sec.gov and on SEDAR+ at www.sedarplus.ca. All forward-looking statements are made as of the date of this press release and the fact that this press release remains available does not constitute a representation by Gran Tierra that Gran Tierra believes these forward-looking statements continue to be true as of any subsequent date. Gran Tierra disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

    The MIL Network –

  • MIL-OSI USA: Europe Subcommittee Chairman Self Delivers Opening Remarks at Hearing on NATO

    Source: US House Committee on Foreign Affairs

    Media Contact 202-321-9747

    WASHINGTON, D.C. – Today, House Foreign Affairs Europe Subcommittee Chairman Keith Self delivered opening remarks at a subcommittee hearing titled, “Assessing the Challenges Facing NATO.”

    Watch Here

    -Remarks-

    The purpose of this hearing is to provide members with an informed perspective of the U.S. policy toward NATO and an opportunity to discuss NATO’s trajectory in advance of the June summit in The Hague. I now recognize myself for an opening statement.

    The Hague will be focused on funding for NATO, This first chart […] shows the NATO nations. They, they are listed top to bottom by GDP. They are listed on the right side by the percentage that they provide.

    Of course, the U.S. is at the top with Almost $29 trillion in GDP then you go down to Germany, UK, France, Italy, Canada, and Spain. Down here you’ve got the frontline countries you’ve got Lithuania, you’ve got Latvia, you’ve got Estonia. Uh, some of the Balkan countries are down below. The ones that I want to point out. The summit tells us that they are going to be going above 3% somewhere.

    I want to point out right here we have got some the major economies in NATO — specifically France, Italy, Canada [and Spain] — that are well below […] their current 2% commitment. These are major economies. This is a major change that needs to happen at the summit.

     Now just a couple of comparisons. This compares Poland to everyone else on the Eastern Flank, the eastern flank being defined as Estonia, Latvia, Lithuania, Romania, Bulgaria, and Hungary. Poland has a GDP of about 840 billion dollars, eastern flank is 890, so they’re not dissimilar. The defense budgets are quite a bit disimilar.

    Their percentage though Poland is at over 4% currently and going higher. The Eastern Flank is a 2.36 and going higher and has already committed to go higher.

    And one more just to give you an idea of where the funding in NATO. stands, this is Germany versus the Eastern Flank, so we’ve added Poland to the East of Germany. So Germany has the 4.6, the Eastern Flank has 1.7. Here are the defense budgets. The Eastern Flank is providing a higher percentage than Germany is.

    So, my point in all of these three slides is [that] there is work to do in the summit later this month. Now I know that people have made commitments, but what you just saw were 2024, the last year we had a full year’s funding toward NATO. That is, that is a major problem that I wanted to highlight. We’ve got other issues in this, in this briefing, but that’s the one that I wanted to start with. The first thing we have to start with is everyone pulling their weight in NATO.

    ###

    MIL OSI USA News –

  • MIL-OSI Canada: HMCS William Hall contributes to significant seizure of illegal narcotics on Operation CARIBBE

    Source: Government of Canada News (2)

    June 4, 2025 – Ottawa, Ontario – National Defence / Canadian Armed Forces

    On May 29 and 31, while deployed in support of Operation CARIBBE, His Majesty’s Canadian Ship (HMCS) William Hall and an embarked United States Coast Guard (USCG) Law Enforcement Detachment (LEDET) successfully conducted seizures of more than 1300 kilograms of cocaine in the Caribbean Sea.

    During two separate maritime patrols, multi-role rescue boats were deployed from HMCS William Hall to intercept vessels of interest in the Caribbean Sea, resulting in the seizures. These successful interdictions underscore the enduring collaboration and interoperability between the Royal Canadian Navy (RCN) and USCG and support- international efforts to prevent the flow of illicit substances into Canada and North America.

    Canada’s contribution to United States-led Enhanced Counternarcotics Operations under Joint Interagency Task Force South represents an important dimension of our relationship with our ally, the United States, and partners in the region. This collective effort enables us to achieve greater success in making the continent more secure from the threats posed by illicit trafficking and supports broader efforts to enhance regional and continental security.

    MIL OSI Canada News –

  • MIL-OSI Canada: Investing in diplomacy to strengthen economic ties

    Source: Government of Canada regional news (2)

    MIL OSI Canada News –

  • MIL-OSI: Descartes Announces Fiscal 2026 First Quarter Financial Results

    Source: GlobeNewswire (MIL-OSI)

    Record Services Revenues

    WATERLOO, Ontario and ATLANTA, June 04, 2025 (GLOBE NEWSWIRE) — The Descartes Systems Group Inc. (TSX:DSG) (Nasdaq:DSGX) announced its financial results for its fiscal 2026 first quarter (Q1FY26). All financial results referenced are in United States (US) currency and, unless otherwise indicated, are determined in accordance with US Generally Accepted Accounting Principles (GAAP).

    “Our first quarter of fiscal 2026 showed strong annual growth, consistent with our communicated plans,” said Edward J. Ryan, Descartes’ CEO. “This is a challenging and uncertain economic and trade environment for shippers, carriers and logistics services providers. They face challenges on how, when, or if, to react to changes in global trade relationships, tariffs, sanctions and economic forecasts. We continue to see strong interest in our domain expertise and our solutions to help companies navigate the complex trade landscape. We remain committed to growing our business with prudent investments and cost discipline to build the premier network and technology for logistics-intensive businesses.”

    Q1FY26 Financial Results
    As described in more detail below, key financial highlights for Descartes’ Q1FY26 included:

    • Revenues of $168.7 million, up 12% from $151.3 million in the first quarter of fiscal 2025 (Q1FY25) and up 1% from $167.5 million in the previous quarter (Q4FY25);
    • Revenues were comprised of services revenues of $156.6 million (93% of total revenues), professional services and other revenues of $11.8 million (7% of total revenues) and license revenues of $0.3 million (less than 1% of total revenues). Services revenues were up 14% from $137.8 million in Q1FY25 and consistent with $156.5 million in Q4FY25;
    • Cash provided by operating activities of $53.6 million, down from $63.7 million in Q1FY25 and down from $60.7 million in Q4FY25;
    • Income from operations of $46.2 million, up 9% from $42.4 million in Q1FY25 and down from $47.1 million in Q4FY25;
    • Net income of $36.2 million, up 4% from $34.7 million in Q1FY25 and down from $37.4 million in Q4FY25. Net income as a percentage of revenues was 21%, compared to 23% in Q1FY25 and 22% in Q4FY25;
    • Earnings per share on a diluted basis of $0.41, up 2% from $0.40 in Q1FY25 and down from $0.43 in Q4FY25; and
    • Adjusted EBITDA of $75.1 million, up 12% from $67.0 million in Q1FY25 and consistent with $75.0 million in Q4FY25. Adjusted EBITDA as a percentage of revenues was 45%, compared to 44% in Q1FY25 and 45% in Q4FY25.

    Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues are non-GAAP financial measures provided as a complement to financial results presented in accordance with GAAP. We define Adjusted EBITDA as earnings before interest, taxes, depreciation, amortization, stock-based compensation (for which we include related fees and taxes) and other charges (for which we include restructuring charges, acquisition-related expenses, and contingent consideration incurred due to better-than-expected performance from acquisitions). These items are considered by management to be outside Descartes’ ongoing operational results. We define Adjusted EBITDA as a percentage of revenues as the quotient, expressed as a percentage, from dividing Adjusted EBITDA for a period by revenues for the corresponding period. A reconciliation of Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues to net income determined in accordance with GAAP is provided later in this release.

    The following table summarizes Descartes’ results in the categories specified below over the past 5 fiscal quarters (unaudited; dollar amounts, other than per share amounts, in millions):

      Q1
    FY26    		 Q4
    FY25    		 Q3
    FY25    		 Q2
    FY25    		 Q1
    FY25
    Revenues 168.7 167.5 168.8 163.4 151.3
    Services revenues 156.6 156.5 149.7 146.2 137.8
    Gross margin 76% 76% 74% 75% 77%
    Cash provided by operating activities 53.6 60.7 60.1 34.7 63.7
    Income from operations 46.2 47.1 45.8 45.9 42.4
    Net income 36.2 37.4 36.6 34.7 34.7
    Net income as a % of revenues 21% 22% 22% 21% 23%
    Earnings per diluted share 0.41 0.43 0.42 0.40 0.40
    Adjusted EBITDA 75.1 75.0 72.1 70.6 67.0
    Adjusted EBITDA as a % of revenues 45% 45% 43% 43% 44%
               

    Cash Position
    At April 30, 2025, Descartes had $176.4 million in cash. Cash decreased by $59.7 million in Q1FY26. The table set forth below provides a summary of cash flows for Q1FY26 in millions of dollars:

      Q1FY26
    Cash provided by operating activities 53.6
    Additions to property and equipment (1.9)
    Acquisitions of subsidiaries, net of cash acquired (112.3)
    Issuances of common shares, net of issuance costs 3.6
    Payment of withholding taxes on net share settlements (6.5)
    Effect of foreign exchange rate on cash 3.8
    Net change in cash (59.7)
    Cash, beginning of period 236.1
    Cash, end of period 176.4
       

    Acquisition of 3GTMS
    On March 24, 2025, Descartes acquired all of the shares of 3GTMS, a leading provider of transportation management solutions. The purchase price for the acquisition was approximately $112.7 million, net of cash acquired, which was funded from cash on hand.

    Cost Reduction Initiatives
    Considering the economic and global trade uncertainty many Descartes customers are facing, Descartes has undertaken cost reduction initiatives designed to reduce its cost base. The plan is designed to reduce Descartes’ global workforce by approximately 7% and eliminate various other operating expenses. As a result, Descartes expects to incur restructuring charges of approximately $4 million in the second quarter of fiscal 2026 (Q2FY26), which will also impact cash generated from operations in Q2FY26. Once completed, Descartes anticipates annualized cost savings of approximately $15 million.

    Management Update
    Descartes is pleased to announce the appointment of William Green as Executive Vice President, Global Sales. Mr. Green has served as Descartes’ Senior Vice President for North American Sales since August 2020. Mr. Green has previously held senior commercial roles at Salesforce, PROLIFIQ and CDC Software (now Aptean). “We’re excited for Bill to extend his leadership of our growth successes in North America to our global commercial operations,” said Mr. Ryan.

    Andrew Roszko, Descartes’ Chief Commercial Officer, will depart the company in Q2FY26 to pursue another opportunity. Mr. Roszko was appointed EVP Global Sales in February 2019 and appointed Chief Commercial Officer in June 2022. “Andrew has been a valuable contributor to Descartes’ commercial development. We wish him well in his future endeavors,” said Mr. Ryan.

    Conference Call
    Members of Descartes’ executive management team will host a conference call to discuss the company’s financial results at 5:30 p.m. ET on Wednesday, June 4. Designated numbers are +1 289 514 5100 for North America and +1 800 717 1738 for international, using conference ID 26605.

    The company will simultaneously conduct an audio webcast on the Descartes website at www.descartes.com/descartes/investor-relations. Phone conference dial-in or webcast login is required approximately 10 minutes beforehand.

    Replays of the conference call will be available until June 11, 2025, by dialing +1 289 819 1325 or Toll-Free for North America using +1 888 660 6264 with Playback Passcode: 26605#. An archived replay of the webcast will be available at www.descartes.com/descartes/investor-relations.

    About Descartes

    Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com, and connect with us on LinkedIn and X (Twitter).

    Descartes Investor Contact
    Laurie McCauley                                                                     
    (519) 746-2969
    investor@descartes.com

    Cautionary Statement Regarding Forward-Looking Statements This release may contain forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relates to Descartes’ expectations concerning future revenues and earnings, and our projections for any future reductions in expenses or growth in margins and generation of cash; our assessment of the potential impact of geopolitical events, such as the ongoing conflict between Russia and Ukraine (the “Russia-Ukraine Conflict”), and between Israel and Hamas (“Israel-Hamas Conflict”), or other potentially catastrophic events, on our business, results of operations and financial condition; our assessment of the potential impact of tariffs, sanctions and other actions by individual countries on global trade and our business; continued growth and acquisitions including our assessment of any increased opportunity for our products and services as a result of trends in the logistics and supply chain industries; rate of profitable growth and Adjusted EBITDA margin operating range; demand for Descartes’ solutions; growth of Descartes’ Global Logistics Network (“GLN”); customer buying patterns; customer expectations of Descartes; development of the GLN and the benefits thereof to customers; and other matters. These forward-looking statements are based on certain assumptions including the following: global shipment volumes continuing at levels generally consistent with those experienced historically; the Russia-Ukraine Conflict and Israel-Hamas Conflict not having a material negative impact on shipment volumes or on the demand for the products and services of Descartes by its customers and the ability of those customers to continue to pay for those products and services; countries continuing to implement and enforce existing and additional customs and security regulations relating to the provision of electronic information for imports and exports; countries continuing to implement and enforce existing and additional trade restrictions and sanctioned party lists with respect to doing business with certain countries, organizations, entities and individuals; Descartes’ continued operation of a secure and reliable business network; the stability of general economic and market conditions, currency exchange rates, and interest rates; equity and debt markets continuing to provide Descartes with access to capital; Descartes’ continued ability to identify and source attractive and executable business combination opportunities; Descartes’ ability to develop solutions that keep pace with the continuing changes in technology, and our continued compliance with third party intellectual property rights. These assumptions may prove to be inaccurate. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Descartes, or developments in Descartes’ business or industry, to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, Descartes’ ability to successfully identify and execute on acquisitions and to integrate acquired businesses and assets, and to predict expenses associated with and revenues from acquisitions; the impact of network failures, information security breaches or other cyber-security threats; disruptions in the movement of freight and a decline in shipment volumes including as a result of the impact of current and future trade barriers, including tariffs, further protectionist measures and reactive countermeasure or contagious illness outbreaks; a deterioration of general economic conditions or instability in the financial markets accompanied by a decrease in spending by our customers; the ability to attract and retain key personnel and the ability to manage the departure of key personnel and the transition of our executive management team; changes in trade or transportation regulations that currently require customers to use services such as those offered by Descartes; changes in customer behaviour and expectations; Descartes’ ability to successfully design and develop enhancements to our products and solutions; departures of key customers; the impact of foreign currency exchange rates; Descartes’ ability to retain or obtain sufficient capital in addition to its debt facility to execute on its business strategy, including its acquisition strategy; disruptions in the movement of freight; the potential for future goodwill or intangible asset impairment as a result of other-than-temporary decreases in Descartes’ market capitalization; and other factors and assumptions discussed in the section entitled, “Certain Factors That May Affect Future Results” in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada, including Descartes’ most recently filed Management’s Discussion and Analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

    Reconciliation of Non-GAAP Financial Measures – Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues

    We prepare and release quarterly unaudited and annual audited financial statements prepared in accordance with GAAP. We also disclose and discuss certain non-GAAP financial information, used to evaluate our performance, in this and other earnings releases and investor conference calls as a complement to results provided in accordance with GAAP. We believe that current shareholders and potential investors in our company use non-GAAP financial measures, such as Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues, in making investment decisions about our company and measuring our operational results.

    The term “Adjusted EBITDA” refers to a financial measure that we define as earnings before certain charges that management considers to be non-operating expenses and which consist of interest, taxes, depreciation, amortization, stock-based compensation (for which we include related fees and taxes) and other charges (for which we include restructuring charges, acquisition-related expenses, and contingent consideration incurred due to better-than-expected performance from acquisitions). Adjusted EBITDA as a percentage of revenues divides Adjusted EBITDA for a period by the revenues for the corresponding period and expresses the quotient as a percentage.

    Management considers these non-operating expenses to be outside the scope of Descartes’ ongoing operations and the related expenses are not used by management to measure operations. Accordingly, these expenses are excluded from Adjusted EBITDA, which we reference to both measure our operations and as a basis of comparison of our operations from period-to-period. Management believes that investors and financial analysts measure our business on the same basis, and we are providing the Adjusted EBITDA financial metric to assist in this evaluation and to provide a higher level of transparency into how we measure our own business. However, Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues are non-GAAP financial measures and may not be comparable to similarly titled measures reported by other companies. Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues should not be construed as a substitute for net income determined in accordance with GAAP or other non-GAAP measures that may be used by other companies, such as EBITDA. The use of Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues does have limitations. In particular, we have completed six acquisitions since the beginning of fiscal 2025 and may complete additional acquisitions in the future that will result in acquisition-related expenses and restructuring charges. As these acquisition-related expenses and restructuring charges may continue as we pursue our consolidation strategy, some investors may consider these charges and expenses as a recurring part of operations rather than expenses that are not part of operations.

    The table below reconciles Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues to net income reported in our unaudited Consolidated Statements of Operations for Q1FY26, Q4FY25, Q3FY25, Q2FY25, and Q1FY25, which we believe is the most directly comparable GAAP measure.

      Q1FY26 Q4FY25 Q3FY25 Q2FY25 Q1FY25
    Net income, as reported on Consolidated Statements of Operations 36.2 37.4 36.6 34.7 34.7
    Adjustments to reconcile to Adjusted EBITDA:          
    Interest expense 0.2 0.2 0.2 0.2 0.3
    Investment income (1.9) (1.9) (2.9) (2.7) (4.1)
    Income tax expense 11.7 11.4 11.9 13.6 11.5
    Depreciation expense 1.5 1.5 1.4 1.4 1.4
    Amortization of intangible assets 19.1 19.4 17.5 17.4 15.0
    Stock-based compensation and related taxes 4.9 5.4 5.6 5.8 4.3
    Other charges 3.4 1.6 1.8 0.2 3.9
    Adjusted EBITDA 75.1 75.0 72.1 70.6 67.0
               
    Revenues 168.7 167.5 168.8 163.4 151.3
    Net income as % of revenues 21% 22% 22% 21% 23%
    Adjusted EBITDA as % of revenues 45% 45% 43% 43% 44%
               
    The Descartes Systems Group Inc.
    Condensed Consolidated Balance Sheets
    (US dollars in thousands; US GAAP; Unaudited)
         
      April 30, January 31,
      2025 2025
    ASSETS    
    CURRENT ASSETS    
    Cash 176,411 236,138
    Accounts receivable (net)    
    Trade 60,456 53,953
    Other 15,646 16,931
    Prepaid expenses and other 43,100 45,544
      295,613 352,566
    OTHER LONG-TERM ASSETS 27,366 24,887
    PROPERTY AND EQUIPMENT, NET 13,944 12,481
    RIGHT-OF-USE ASSETS 7,721 7,623
    DEFERRED INCOME TAXES 4,867 3,802
    INTANGIBLE ASSETS, NET 368,122 321,270
    GOODWILL 992,257 924,755
      1,709,890 1,647,384
    LIABILITIES AND SHAREHOLDERS’ EQUITY    
    CURRENT LIABILITIES    
    Accounts payable 23,154 20,650
    Accrued liabilities 73,151 79,656
    Lease obligations 3,402 3,178
    Income taxes payable 9,535 9,313
    Deferred revenue 109,608 104,230
      218,850 217,027
    LEASE OBLIGATIONS 4,533 4,718
    DEFERRED REVENUE 2,196 978
    INCOME TAXES PAYABLE 6,540 5,531
    DEFERRED INCOME TAXES 25,834 34,127
      257,953 262,381
         
    SHAREHOLDERS’ EQUITY    
    Common shares – unlimited shares authorized; Shares issued and outstanding totaled 85,782,830 at April 30, 2025 (January 31, 2025 – 85,605,969) 574,816 568,339
    Additional paid-in capital 498,092 503,133
    Accumulated other comprehensive loss (21,243) (50,497)
    Retained earnings 400,272 364,028
      1,451,937 1,385,003
      1,709,890 1,647,384
         
    The Descartes Systems Group Inc.
    Consolidated Statements of Operations
    (US dollars in thousands, except per share and weighted average share amounts; US GAAP; Unaudited)
       
      Three Months Ended
      April 30, April 30,
      2025 2024
         
    REVENUES 168,739 151,348
    COST OF REVENUES (exclusive of amortization presented separately below) 39,747 35,413
    GROSS MARGIN 128,992 115,935
    EXPENSES    
    Sales and marketing 18,850 17,471
    Research and development 25,069 22,191
    General and administrative 16,312 14,948
    Other charges 3,449 3,918
    Amortization of intangible assets 19,114 15,024
      82,794 73,552
    INCOME FROM OPERATIONS 46,198 42,383
    INTEREST EXPENSE (236) (273)
    INVESTMENT INCOME 1,962 4,059
    INCOME BEFORE INCOME TAXES 47,924 46,169
    INCOME TAX EXPENSE (RECOVERY)    
    Current 12,251 12,318
    Deferred (571) (816)
      11,680 11,502
    NET INCOME 36,244 34,667
    EARNINGS PER SHARE    
    Basic 0.42 0.41
    Diluted 0.41 0.40
    WEIGHTED AVERAGE SHARES OUTSTANDING (thousands)    
    Basic 85,677 85,274
    Diluted 87,577 87,116
         
    The Descartes Systems Group Inc.
    Condensed Consolidated Statements of Cash Flows
    (US dollars in thousands; US GAAP; Unaudited)
       
      Three Months Ended
      April 30, April 30,
      2025 2024
    OPERATING ACTIVITIES    
    Net income 36,244 34,667
    Adjustments to reconcile net income to cash provided by operating activities:    
    Depreciation 1,450 1,358
    Amortization of intangible assets 19,114 15,024
    Stock-based compensation expense 4,366 3,769
    Other non-cash operating activities (34) 96
    Deferred tax recovery (571) (816)
    Changes in operating assets and liabilities (6,966) 9,643
    Cash provided by operating activities 53,603 63,741
    INVESTING ACTIVITIES    
    Additions to property and equipment (1,862) (1,764)
    Acquisition of subsidiaries, net of cash acquired (112,327) (139,973)
    Cash used in investing activities (114,189) (141,737)
    FINANCING ACTIVITIES    
    Payment of debt issuance costs (38) (38)
    Issuance of common shares for cash, net of issuance costs 3,558 4,231
    Payment of withholding taxes on net share settlements (6,487) (6,745)
    Cash used in financing activities (2,967) (2,552)
    Effect of foreign exchange rate changes on cash 3,826 (1,482)
    Decrease in cash (59,727) (82,030)
    Cash, beginning of period 236,138 320,952
    Cash, end of period 176,411 238,922
         

    The MIL Network –

  • MIL-OSI: AGF Reports May 2025 Assets Under Management and Fee-Earning Assets

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 04, 2025 (GLOBE NEWSWIRE) — AGF Management Limited reported total assets under management (AUM) and fee-earning assets1 of $53.5 billion as at May 31, 2025.

    AUM

    ($ billions)    		 May 31,
    2025    		 April 30,
    2025    		 % Change
    Month-Over-Month    		 May 31,
    2024    		 % Change
    Year-Over-Year
    Total Mutual Fund $31.0 $29.3   $26.9  
    Exchange-traded funds + Separately managed accounts $2.8 $2.8   $1.8  
    Segregated accounts and Sub-advisory $6.4 $6.2   $6.4  
    AGF Private Wealth $8.6 $8.3   $8.0  
    Subtotal
    (before AGF Capital Partners AUM and fee-earning assets1)    		 $48.8 $46.6   $43.1  
    AGF Capital Partners $2.6 $2.6   $2.6  
    Total AUM $51.4 $49.2 4.5 % $45.7 12.5 %
    AGF Capital Partners fee-earning assets1 $2.1 $2.1   $2.1  
    Total AUM and fee-earning assets1 $53.5 $51.3 4.3 % $47.8 11.9 %
               
    Average Daily Mutual Fund AUM $30.6 $28.6   $26.9  

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

    Mutual Fund AUM by Category

    ($ billions)

    		 May 31,
    2025    		 April 30,
    2025    		 May 31,
    2024
    Domestic Equity Funds $4.5 $4.3 $4.2
    U.S. and International Equity Funds $19.5 $18.0 $15.9
    Domestic Balanced Funds $0.1 $0.1 $0.1
    U.S. and International Balanced Funds $1.4 $1.4 $1.5
    Domestic Fixed Income Funds $2.0 $2.0 $1.7
    U.S. and International Fixed Income Funds $3.2 $3.2 $3.2
    Domestic Money Market $0.3 $0.3 $0.3
    Total Mutual Fund AUM $31.0 $29.3 $26.9
    AGF Capital Partners AUM and fee-earning assets

    ($ billions)

    		 May 31,
    2025    		 April 30,
    2025    		 May 31,
    2024
    AGF Capital Partners AUM $2.6 $2.6 $2.6
    AGF Capital Partners fee-earning assets $2.1 $2.1 $2.1
    Total AGF Capital Partners AUM and fee-earning assets $4.7 $4.7 $4.7

    About AGF Management Limited

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

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

    Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With over $53 billion in total assets under management and fee-earning assets, AGF serves more than 815,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

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

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

    The MIL Network –

  • MIL-OSI: AGF Management Limited to Release Second Quarter 2025 Financial Results on June 25, 2025

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 04, 2025 (GLOBE NEWSWIRE) — AGF Management Limited (TSX: AGF.B) will release its financial results for Q2 2025 on Wednesday, June 25, 2025 at approximately 7:00 a.m. ET. AGF will hold a conference call and webcast to discuss these results at 11:00 a.m. ET.

    The discussion will feature remarks by Kevin McCreadie, Chief Executive Officer and Chief Investment Officer, and Ken Tsang, Chief Financial Officer. Judy G. Goldring, President and Head of Global Distribution, and Ash Lawrence, Head of AGF Capital Partners, will also be available for the question-and-answer period with investment analysts following the presentation.

    The live audio webcast with supporting materials will be available in the Investor Relations section of AGF’s website at www.agf.com or at https://edge.media-server.com/mmc/p/m4th2gij. Alternatively, the call can be accessed over the phone by registering here or in the Investor Relations section of AGF’s website at www.agf.com, to receive the dial-in numbers and unique PIN.

    A complete archive of this discussion along with supporting materials will be available at the same webcast address within 24 hours of the end of the conference call.

    About AGF Management Limited

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

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

    Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With over $53 billion in total assets under management and fee-earning assets, AGF serves more than 815,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

    AGF MANAGEMENT LIMITED SHAREHOLDERS, ANALYSTS AND MEDIA, PLEASE CONTACT:

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

    The MIL Network –

  • MIL-OSI: Monroe Capital Corporation Announces Second Quarter Distribution of $0.25 Per Share

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, June 04, 2025 (GLOBE NEWSWIRE) — Monroe Capital Corporation (the “Company”) (NASDAQ: MRCC) announced today that its Board of Directors has declared a distribution of $0.25 per share for the second quarter of 2025, payable on June 30, 2025 to stockholders of record as of June 16, 2025. In October 2012, the Company adopted a dividend reinvestment plan that provides for reinvestment of distributions on behalf of its stockholders, unless a stockholder elects to receive cash prior to the record date. When the Company declares a cash distribution, stockholders who have not opted out of the dividend reinvestment plan prior to the record date will have their distribution automatically reinvested in additional shares of the Company’s capital stock. The specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company’s periodic report filed with the Securities and Exchange Commission.

    About Monroe Capital Corporation

    Monroe Capital Corporation is a publicly-traded specialty finance company that principally invests in senior, unitranche and junior secured debt and, to a lesser extent, unsecured debt and equity investments in middle-market companies. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation. The Company’s investment activities are managed by its investment adviser, Monroe Capital BDC Advisors, LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended, and an affiliate of Monroe Capital LLC. To learn more about Monroe Capital Corporation, visit www.monroebdc.com.

    About Monroe Capital LLC

    Monroe Capital LLC (including its subsidiaries and affiliates, together “Monroe”) is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, alternative credit solutions, structured credit, real estate and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality “alpha” returns irrespective of business or economic cycles. The firm is headquartered in Chicago and has 11 locations throughout the United States, Asia and Australia.

    Monroe has been recognized by both its peers and investors with various awards including Private Debt Investor as the 2024 Lower Mid-Market Lender of the Year, Americas and 2023 Lower Mid-Market Lender of the Decade; Inc.’s 2024 Founder-Friendly Investors List; Global M&A Network as the 2023 Lower Mid-Markets Lender of the Year, U.S.A.; DealCatalyst as the 2022 Best CLO Manager of the Year; Korean Economic Daily as the 2022 Best Performance in Private Debt – Mid Cap; Creditflux as the 2021 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020 Private Credit Strategy of the Year. For more information and important disclaimers, please visit www.monroecap.com.

    Forward-Looking Statements

    This press release may contain certain forward-looking statements. Any such statements, other than statements of historical fact, are likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under the Company’s control, and that the Company may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from these estimates and projections of the future. Such statements speak only as of the time when made, and the Company undertakes no obligation to update any such statement now or in the future.

    SOURCE: Monroe Capital Corporation

    The MIL Network –

  • MIL-OSI: Canoe EIT Income Fund Announces June 2025 Monthly Distribution

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, June 04, 2025 (GLOBE NEWSWIRE) — Canoe EIT Income Fund (the “Fund”) (TSX – EIT.UN) announces the June 2025 monthly distribution of $0.10 per unit. Unitholders of record on June 20, 2025, will receive distributions payable on July 15, 2025.

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

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

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

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

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

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

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

    The MIL Network –

  • MIL-OSI USA: Senator Murray Slams Lutnick for Decimation of NOAA, Illegal Cancellation of Digital Equity Act Funding, More

    US Senate News:

    Source: United States Senator for Washington State Patty Murray

    ***WATCH: Senator Murray’s Q&A with Sec. Lutnick***

    Washington, D.C. — Today, U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee, questioned Commerce Secretary Howard Lutnick at a Senate Appropriations Commerce, Justice, Science, and Related Agencies Subcommittee hearing on the president’s fiscal year 2026 budget request for the Department. Senator Murray slammed what’s happening at the Department and President Trump’s thoughtless tariffs, and grilled Secretary Lutnick on the Department’s decision to completely eliminate the Pacific Coastal Salmon Recovery Fund in the budget request, the Department’s failure to submit required budget justifications to the Committee, and the Trump administration’s decision to cancel billions of dollars of funding from Senator Murray’s Digital Equity Act which passed with overwhelming bipartisan support.

    In opening comments, Vice Chair Murray said:

    “You know, over the law few months, I am deeply concerned because we have seen: mass firings at NOAA that are really, seriously jeopardizing the weather forecasting that we all count on; funds have been frozen; grants and contracts have been abruptly cancelled; and agencies that were created by Congress in a bipartisan way have been shuttered unilaterally—really ignoring the law—and sweeping, thoughtless tariffs that are crunching small businesses and raising costs for families.

    “And we have even seen President Trump illegally block some emergency funding House Republicans included in their yearlong CR which has cut off funding your Department counts on for trade fairness, export controls, NOAA satellites, and more.

    “So, needless to say: I don’t think any of this helps advance the Department’s mission to spur economic growth and strengthen America’s competitiveness, and it does leaves me very seriously concerned about whether the Department is going to be able to carry out its job.

    “Now, before I turn to my questions, I do want to quickly raise your decision to cancel $48 million in Tech Hub funding for the American Aerospace Materials Manufacturing Center in Eastern Washington and Idaho—alongside several other hubs. We had a chance to talk about this yesterday, but I want you to know I have a lot more questions than I think you answered.

    “This hub is really a partnership of industry, academia, the military, and governments at all levels. Cancelling that funding and further delaying progress at the tech hub really damages our defense industrial base and limits our ability to compete with China, as I told you yesterday. So, that is unacceptable, and I look forward to you resolving that as soon as possible.”

    [TRUMP REQUESTS TO ELIMINATE SALMON RECOVERY PROGRAM]

    Senator Murray began by explaining how important NOAA is to our nation’s fisheries and how important salmon are to Washington state’s way of life, calling out President Trump’s request to zero out funding for a key salmon program: “Now, I do want to ask you while you’re here, one of the agencies you oversee is NOAA. It is absolutely essential to supporting sustainable fisheries, protecting our natural resources, and making sure that we have accurate weather forecasts. Cutting away at NOAA—as you have been doing and as your budget proposes to do further—is going to do serious harm. Among other cuts, your budget would completely eliminate the Pacific Coastal Salmon Recovery Fund. That would be a catastrophic failure—it would abandon our communities, our Tribes, and our industries who rely on salmon. And across the Pacific Northwest, salmon are not just fish—they are a way of life, and they are foundational to our economy and our culture. So, I would like you to explain quickly why you proposed that cut, and I want to ask you, did you consult with our Tribes or fishing communities who count on it before making that decision?”

    Secretary Lutnick replied, “The issues are that we do the same thing in multiple ways in NOAA. We have not cut any hydrologists, which are the people who study the water.”

    “You eliminated the Pacific Coastal Salmon Recovery Fund. That is what I’m precisely asking you about. Did you talk to our tribes or fishermen before you did that?” Senator Murray pressed.

    “Of course,” responded Secretary Lutnick.

    Senator Murray said, “Well, I have spoken to the tribes, I’ve talked to the scientists, I’ve talked to the fishermen. No one—no one—in the Pacific Northwest supports those cuts. And I want everyone to know I will not vote for an appropriations bill that eliminates that funding.”

    [LACK OF TRANSPARENCY]

    Senator Murray then asked about the Department failure to present full budget justifications to Congress, “Now, staying on NOAA facilities like the Northwest Fishery Science Center, which is in Seattle, are really in dire need of investment. For this reason, this CJS Appropriations Subcommittee has long included language requiring the Secretary of Commerce to include the cost estimates for NOAA construction projects of more than $5 million, in the congressional budget justification materials, as well as the 5-year cost estimates for those projects. Are you aware of that requirement?”

    “My understanding is we filed our budget according to the CR with exact precision,” Secretary Lutnick replied.

    “Well, have you submitted the Department’s FY26 congressional budget justification? It did not include the list of projects, which it’s required to do,” asked Senator Murray.

    Secretary Lutnick continued to dodge, “My understanding is the CR had certain obligations for us, and we followed them with precision. That’s my understanding.”

    Senator Murray pushed back, “Well, the fact is that you are required by law to submit the NOAA PAC [Procurement, Acquisition and Construction] construction list to Congress with the budget. That wasn’t done. Can we get that list by Friday?”

    “I’ll happily take a look at it. And if it’s required, of course, I will send it,” said Secretary Lutnick.

    Senator Murray responded, “Okay. It is required.”

    [ATTACKS ON DIGITAL EQUITY ACT]

    Senator Murray turned her questions about President Trump’s recent announcement he is illegally planning to cancel Digital Equity Act grants, “Mr. Secretary, I wrote a law, it was called the Digital Equity Act, to help close the digital divide—and it passed with overwhelming bipartisan support. Now, the Administration has arbitrarily cancelled billions of dollars for the Digital Equity Act, claiming it’s unconstitutional. This is a program that every state, Democrat and Republican, has applied for—every single state in the country. It distributes laptops in Iowa. It helped people get back online after Hurricane Helene washed away computers and phones in western North Carolina. It’s a program in rural Alabama where they taught seniors—including some who have never used a computer—how to use the internet. I want to ask you, has the Supreme Court declared this bipartisan law unconstitutional? Has any judge?”

    Secretary Lutnick sidestepped the question, “It will go through the courts and the courts will decide.”

    “No one has declared this unconstitutional—no one. Your job, Mr. Secretary, is to carry out the law that Congress has passed. You don’t get to keep laptops from our kids, because the President doesn’t care about kids in rural communities. My advice to you here—it is a law, it is not unconstitutional, and I would urge you to get those digital equity dollars out the door and save everyone the legal fees, because the law is very clear,” emphasized Senator Murray.

    [TRUMP’S THOUGHTLESS TRADE WAR]

    Senator Murray concluded by saying, “I just have a few seconds left, and I before I finish, I do want to underscore my state, Washington state, is one of the most trade dependent states in the nation. 40% of our jobs are connected to international trade and President Trump and your Department continue to pursue this chaotic tariff policy that businesses in my state stand to lose billions of dollars. I have heard from businesses across my state, from manufacturers, from small retailers. They are struggling to absorb the cost increases on everything from napkins to car parts. And this uncertainty has really left them scrambling which has delayed investments and caused serious supply chain disruptions, especially at our ports. These actions, in addition, have really harmed our relationships with our key allies like Canada. I heard Senator Collins here earlier talking about Maine being their neighbor—it is our neighbor in Washington state. They are one of our biggest trading partners. And let me be clear, this is causing chaos, disruption, anger. And we have got to get this resolved because farmers, our people and our small businesses and our communities, are really hurting.”

    MIL OSI USA News –

  • MIL-OSI: Voxtur Provides Company Update

    Source: GlobeNewswire (MIL-OSI)

    TORONTO and TAMPA, Fla., June 04, 2025 (GLOBE NEWSWIRE) — Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) (“Voxtur” or the “Company”), a North American technology company creating a more transparent and accessible real estate lending ecosystem, today issued a letter from Ryan Marshall, the Company’s CEO.

    “Over the past year, Voxtur has undergone profound transformation in the face of relentless challenges both internal and external. While our most recent financial statements contain disclosures that may appear stark when viewed in isolation, the underlying reality is more nuanced.

    From the outset, we acknowledged the difficult decisions that would be required, especially amid rapidly contracting mortgage and real estate markets. These headwinds have strained revenue and made our internal realignment a long and complex journey, not a quick fix. Through it all, our team has shown incredible resolve, working long hours and staying committed to preserving the trust of key partners such as our clients and creditors.

    We have remained focused on long-term sustainability, not on short-sighted wins or unsustainable growth. The pressures we face including market-driven, operational, and legal, have required us to make hard pivots in order to protect what matters most: our people, our shareholders, and our creditors.

    Today, many of our historical inefficiencies have been addressed. The total value of these cost reductions continues and has not yet been fully reflected in the financials. With that, we are moving forward with renewed focus and urgency to rebuild momentum and drive profitable growth. Subsequent to the first quarter of 2025, Voxtur’s Executive Chairman waived his salary going forward, the financial impact of which will begin to be reflected in the second quarter of this year.

    In addition, as part of the strategic review process initiated in January 2025, the Company has received multiple Letters of Interest. While transactions are inherently complex and require time to execute, we are encouraged by the progress made to date. These developments mark important steps toward securing a more sustainable debt structure and achieving positive EBITDA. These are key priorities in our efforts to preserve and enhance long-term value for all stakeholders.

    We are aware that certain legal proceedings involving the Company have become a matter of public record through court filings. While we recognize there may be interest in these matters, in line with Company policy, and consistent with our obligations under applicable securities laws, we do not comment on ongoing legal matters outside of required disclosures.

    We intend to hold a shareholder update and Q&A session at the appropriate time, subject to the timing of material developments and applicable disclosure requirements.

    We remain driven by the opportunity to defy expectations. Our drive, combined with the resilience of the team and the potential of our platform, is what will carry us through this difficult time. Thank you for your continued patience and support.”

    Sincerely – Ryan Marshall, Voxtur CEO

    About Voxtur

    Voxtur is a proptech company. The company offers targeted data analytics to simplify the multifaceted aspects of the lending lifecycle for investors, lenders, government agencies and servicers. Voxtur’s proprietary data hub and workflow platforms more accurately and efficiently value real estate assets, providing critical due diligence that enables market participants to effectively originate, trade, or service defaults on mortgage loans. As an independent and transparent mortgage technology provider, the company offers primary and secondary market solutions in the United States and Canada. For more information, visit www.voxtur.com. 

    Forward-Looking Information

    This news release contains certain forward-looking statements and forward-looking information (collectively, “forward-looking information”) which reflect the expectations of management regarding the Company’s future growth, financial performance and objectives and the Company’s strategic initiatives, plans, business prospects and opportunities. These forward-looking statements reflect management’s current expectations regarding future events and the Company’s financial and operating performance and speak only as of the date of this press release. By their very nature, forward-looking statements require management to make assumptions and involve significant risks and uncertainties, should not be read as guarantees of future events, performance or results, and give rise to the possibility that management’s predictions, forecasts, projections, expectations or conclusions will not prove to be accurate, that the assumptions may not be correct and that the Company’s future growth, financial performance and objectives and the Company’s strategic initiatives, plans, business prospects and opportunities, including the duration, impact of and recovery from the COVID-19 pandemic, will not occur or be achieved. Any information contained herein that is not based on historical facts may be deemed to constitute forward-looking information within the meaning of Canadian and United States securities laws. Forward-looking information may be based on expectations, estimates and projections as at the date of this news release, and may be identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions. Forward-looking information may include but is not limited to the anticipated financial performance of the Company and other events or conditions that may occur in the future. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the information is provided. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance, or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information include but are not limited to: additional costs related to acquisitions, integration of acquired businesses, and implementation of new products; changing global financial conditions, especially in light of the COVID-19 global pandemic; reliance on specific key employees and customers to maintain business operations; competition within the Company’s industry; a risk in technological failure, failure to implement technological upgrades, or failure to implement new technological products in accordance with expected timelines; changing market conditions related to defaulted mortgage loans, and the failure of clients to send foreclosure and bankruptcy referrals in volumes similar to those prior to the COVID-19 global pandemic; failure of governing agencies and regulatory bodies to approve the use of products and services developed by the Company; the Company’s dependence on maintaining intellectual property and protecting newly developed intellectual property; operating losses and negative cash flows; and currency fluctuations. Accordingly, readers should not place undue reliance on forward-looking information contained herein. Factors relating to the Company’s financial guidance and targets disclosed in this press release include, in addition to the factors set out above, the degree to which actual future events accord with, or vary from, the expectations of, and assumptions used by, Voxtur’s management in preparing the financial guidance and targets.

    This forward-looking information is provided as of the date of this news release and, accordingly, is subject to change after such date. The Company does not assume any obligation to update or revise this information to reflect new events or circumstances except as required in accordance with applicable laws.

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

    Voxtur’s common shares are traded on the TSX Venture Exchange under the symbol VXTR and in the US on the OTCQB under the symbol VXTRF.

    Company Contact: 

    Jordan Ross
    Tel: (416)708-9764

    jordan@voxtur.com

    The MIL Network –

  • MIL-OSI Canada: Sheriffs close drug house in Fort Saskatchewan

    Source: Government of Canada regional news (2)

    MIL OSI Canada News –

  • MIL-OSI Canada: Strengthening Alberta’s courts

    Source: Government of Canada regional news (2)

    MIL OSI Canada News –