Category: Commerce

MIL-OSI China: European executives eye huge opportunities in Chinese market

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

A humanoid robot asks questions at the sixth Qingdao Multinationals Summit in Qingdao, east China’s Shandong Province, on June 19, 2025. [Photo/Xinhua]

At the venue of the 6th Qingdao Multinationals Summit, Umberto Englmann, director of operations at German e-commerce firm Internet Up GmbH, looked out over the coastline of the eastern Chinese host city and reflected on its vitality.

“It’s dynamic, open and innovative,” he said. “You can feel China is ready to grow with international companies from Europe and other regions.”

His observations reflect a broader view shared by many European executives attending the summit, which was held last week and drew 570 participants from 43 countries and regions. For many, China’s vast market, high-level opening up and reputation for being an innovative manufacturing powerhouse continue to make it a key driver of sustainable growth.

Roland Lukas, chief financial officer of Internet Up GmbH, said that the company’s success was closely tied to China.

“Our Snapbuy platform bridges Asian sellers and Western consumers, and it is easy to bring goods from China to Europe and the U.S., because the supply chains are very well organized in China,” he said. “The opportunities are huge, and China is very important for our growth.”

Internet Up, one of the fastest-growing e-commerce firms in Europe, is seeking new manufacturing and logistics partners in China to further expand its presence, according to Lukas.

A report released during the summit revealed that the operating revenue and profits of major foreign-invested industrial enterprises in China increased by 14.5 percent and 12.5 percent, respectively, in 2024 compared to 2019 levels.

China’s strong innovation capabilities and robust industrial and supply chain systems have helped multinationals maintain their competitive edge globally.

Belgium-based Bekaert Group, a global leader in steel wire transformation and coating technologies, is a long-term participant in China’s market. The company has invested more than 1.5 billion euros in China since 1993 and plans to invest further.

“We are upgrading our product portfolio, especially in low-energy and green technologies,” said Kurt Van Rysselberge, head of Bekaert China, adding that China is becoming an innovative manufacturing powerhouse, which is a very favorable environment for multinational companies.

China is rapidly deploying green energy and Bekaert is part of these value chains, the executive said, adding that this offers tremendous opportunities to create a virtuous cycle to create low-carbon products that will be very competitive on the world markets.

Bekaert is ramping up innovation in areas like hydrogen generation, tire reinforcement, offshore wind components, and sustainable construction, and many of the innovations come from China.

This year marks the 50th anniversary of the establishment of diplomatic relations between China and the European Union. The two sides have become each other’s major trading partners, with the annual bilateral trade growing from 2.4 billion U.S. dollars to 780 billion U.S. dollars over the past 50 years.

“Over the past 50 years, China-EU cooperation has created immense value on both sides,” said Jens Eskelund, president of the European Union Chamber of Commerce in China. “Access to China’s supply chain has enhanced additional purchasing power for European consumers and integrated China into the global value chain.”

Eskelund added that China’s investment in human capital, including the annual output of engineers, has made it a natural partner for R&D collaboration. For many European companies, China isn’t just a market, but a place to innovate and co-create, he said.

China’s efforts to build a first-class business environment, including expanded visa-free travel, national treatment for foreign investment and shortened negative lists for greater market access, have boosted investor confidence.

Looking ahead, European executives said the momentum of collaboration is only building. “China’s opening up is very beneficial for the world, and also for China itself. We can work together and do great business,” said Lukas.

MIL OSI China News –

June 24, 2025
MIL-OSI New Zealand: Local News – Business is buzzing in Porirua

Source: Porirua City Council

Porirua’s commitment to business has meant a busy schedule of activities and events this year.

While the sold-out BizFest 2025: Kōpū i te pae – Light up the Horizon will be a great opportunity to learn, network and connect, there are a number of other events in Porirua to help boost businesses.

BizFest is at Te Rauparaha Arena on 1 July, with double Olympic gold winner, Dame Valerie Adams, and Black Grace founder and director Neil Ieremia among the speakers.

With an awesome lineup of sessions and kōrero, Porirua Mayor Anita Baker says it will be a fantastic day for the city’s business sector.

“Porirua is a great place to do business and with the events we have on the calendar now, it means our city is humming. We’re always looking to keep moving forward,” she says.

A new pop-up initiative – BizHub – will kick off at Kai Tahi from 1 August. BizHub aims to keep the momentum from BizFest going and bring the business community together every second Friday, as a hub for advice, connections and support.

“BizFest and BizHub are both collaborations between Porirua City Council and Te Rūnanga o Toa Rangatira and it’s a partnership approach that’s focusing on uplifting and connecting Porirua businesses,” Mayor Baker says.

Earlier this month the Love Local Expo showcased the best of our local products, services, crafts and community services – with more than 130 stalls and thousands of people coming through the Arena on 7 June.

Other events coming up on the calendar are Visa Wellington on a Plate and the ever-popular ChoctoberFest.

Visa WOAP will be held from 1-31 August in Porirua and there’ll be outstanding burger creations to tempt your tastebuds from businesses across Porirua. It’s not to be missed.

ChoctoberFest is always a sweet spot with Porirua locals, visitors and businesses. In 2024, the third year of the festival, 20 cafes, eateries and bars took part. More than 13,000 baked treats and drinks were consumed in October, pumping $131,000 into the Porirua economy.

“What I love about the events that we host now for businesses is that they’re not just for residents, but they attract visitors to our city,” Mayor Baker says.

Also coming up is a three-day Bizezi Spark Programme on 30 and 31 July and 1 August. It’s a hands-on business incubator programme, for those thinking about starting a business or wanting to build stronger foundations. You’ll work with experts over three days to shape your business plan and set yourself up for success.

Later in the month, on 20 August, there’s a subsidised half-day workshop Business Growth and Resilience through the Circular Economy, where you can learn how the circular economy can unlock new revenue streams, reduce costs, and future-proof your business.

MIL OSI New Zealand News –

June 24, 2025
MIL-OSI New Zealand: BusinessNZ Planning Forecast: Improving forecast for some areas

Source: BusinessNZ

The BusinessNZ Planning Forecast for the June quarter indicates the NZ economy will likely grow at nearly 3% by 2027, however it is facing strong headwinds caused by international and domestic issues.

BusinessNZ economist John Pask says the uncertain, rapidly-changing international environment is affecting New Zealand’s trade and economic prospects.

“Not just war and threats of war, but also threats to trade and the international trade rules-based order are bringing uncertainty and caution.

“NZ is a trading nation, linked to the rest of the world by key markets, supply chains and global investment flows, and vulnerable to economic shocks and international tensions. Forecasts of future growth will be heavily conditional on world events,” Mr Pask said.

“Domestically, there is some good news, as statistics indicate GDP improvement, inflation is still contained, lower interest rates are reducing the pressure on businesses and households, dairy and meat prices are positive, and the Government’s moves to allow greater deductions on business purchases and address poor regulation are all positive.”

The BusinessNZ Economic Conditions Index (ECI), a measure of NZ’s major economic indicators, sits at 8 for the June 2025 quarter, an improvement of 2 on the previous quarter, and an improvement of 12 on a year ago.

An ECI reading above 0 indicates that economic conditions are generally improving overall; below 0 means economic conditions are generally declining.

The full BusinessNZ Planning Forecast for the June quarter is on www.businessnz.org.nz.

MIL OSI New Zealand News –

June 24, 2025

MIL-OSI USA: SBA Offers Disaster Assistance to Missouri Small Businesses, Private Nonprofits and Residents Affected by Adverse Weather

Source: United States Small Business Administration

SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) announced the availability of low interest federal disaster loans to Missouri small businesses, private nonprofits and residents to offset physical and economic losses from severe storms, tornadoes, straight-line winds, heavy rains, large hail, flooding and flash flooding occurring April 29. The SBA issued a disaster declaration in response to a request received from Gov. Mike Kehoe on June 21.

The disaster declaration covers the Missouri counties of Barry, Christian, Dade, Dallas, Greene, Jasper, Lawrence, McDonald, Newton, Polk, Stone and Webster as well as the Kansas county of Cherokee, and the Oklahoma county of Ottawa.

Businesses and nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.

Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may apply for up to $500,000 to replace or repair their primary residence.

Applicants may be eligible for a loan increase of up to 20% of their physical damages, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements include insulating pipes, walls and attics, weather stripping doors and windows, and installing storm windows to help protect property and occupants from future disasters.

SBA’s Economic Injury Disaster Loan (EIDL) program is available to eligible small businesses, small agricultural cooperatives, nurseries and private nonprofit (PNP)organizations impacted by financial losses directly related to this disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for aquaculture enterprises.

EIDLs are for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. They may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

Interest rates are as low as 4% for businesses, 3.62% for nonprofits, and 2.81% for homeowners and renters, with terms up to 30 years. Interest does not begin to accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

“When disasters strike, SBA’s Disaster Loan Outreach Centers play a vital role in helping small businesses and their communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “At these centers, SBA specialists assist business owners and residents with disaster loan applications and provide information on the full range of recovery programs available.”

Beginning Wednesday, June 25, SBA customer service representatives will be on hand at the following Disaster Loan Outreach Centers (DLOCs) to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their application. Walk-ins are accepted, but you can schedule an in-person appointment in advance at appointment.sba.gov.

The DLOCs hours of operations are as follows:

GREENE COUNTY
Disaster Loan Outreach Center
Greene County Public Safety Center
330 W. Scott St.
Springfield, MO 65802

Opens at 1 p.m., Wednesday, June 25
Mondays – Fridays, 9 a.m. – 6 p.m.
Closed Independence Day, Friday, July 4

LAWRENCE COUNTY
Disaster Loan Outreach Center
Monett Chamber of Commerce
200 E. Broadway St.
Monett, MO 65708

Opens at 1 p.m., Wednesday, June 25
Mondays – Fridays, 9 a.m. – 6 p.m.
Closed Independence Day, Friday, July 4

NEWTON COUNTY
Disaster Loan Outreach Center
Newton Emergency Management
202 W. Brook St.
Neosho, MO 64850

Opens at 1 p.m., Wednesday, June 25
Mondays – Fridays, 8:30 a.m. – 4:30 p.m.
Closed Independence Day, Friday, July 4

To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

The deadline to return physical damage applications is Aug. 22, 2025. The deadline to return economic injury applications is March 23, 2026.

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About the U.S. Small Business Administration

The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

MIL OSI USA News –

June 24, 2025

MIL-OSI Canada: Joint Statement on the Visit to Ottawa of His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs of the United Arab Emirates

Source: Government of Canada News

Ottawa, June 23, 2025

The Honourable Anita Anand, Minister of Foreign Affairs, hosted His Highness, Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs of the United Arab Emirates (UAE), for a visit to Canada from June 19 to 20, 2025. The visit reaffirmed the shared commitment of Canada and the UAE to deepen bilateral cooperation across trade, investment, innovation, people-to-people ties, international development, and regional peace and security.

During the visit, His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs of the UAE, met with the Right Honourable Mark Carney, Prime Minister of Canada. The two sides discussed the growing ties between Canada and the UAE. On behalf of HH Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, HH Sheikh Abdullah bin Zayed Al Nahyan extended to Prime Minister Carney an invitation to visit the UAE this year.

Canada and the UAE will continue to deepen their bilateral relationship by exploring new opportunities for cooperation, with particular emphasis on economic ties. Both countries welcomed the launch of the Dubai Chambers office in Toronto—the organization’s first in North America—which will serve as a strategic platform to foster deeper commercial ties. The Honourable Maninder Sidhu, Canada’s Minister of International Trade, attended the launch of the International Dubai Chambers alongside His Excellency Sultan bin Saeed Al Mansoori, the UAE Foreign Minister’s Envoy to Canada. The new office comes as part of the Dubai Global initiative and deepening economic ties with Canada. This opening reflects a shared ambition to unlock new opportunities for collaboration in priority sectors, including artificial intelligence, energy and infrastructure, and underscores Canada’s important role in the UAE’s global trade and investment strategy.

Both countries also recognized the important role of the Canada-UAE Business Council in bringing together business leaders from both countries to develop actionable business opportunities and advance national economic objectives. Building on the strong foundation of institutional partnerships—exemplified by the global collaboration between Caisse de dépôt et placement du Québec and DP World across 15 ports and logistics parks—both countries expressed their intent to pursue new avenues for strategic investment and long-term economic engagement. Canada and the UAE reiterated their commitment to the swift conclusion of the ongoing negotiations for a Foreign Investment Promotion and Protection Agreement (FIPA).

The Honourable Maninder Sidhu, Canada’s Minister of International Trade, and His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, co-led a business round table on June 19, 2025, organized by the Canada-UAE Business Council.

Artificial Intelligence, Emerging Technologies, and Digital Innovation: Recognizing the transformative potential of artificial intelligence (AI), both countries reaffirmed their interest in exploring collaboration in this critical domain. Canada, home to one of the world’s most dynamic AI ecosystems, recently appointed its first Minister of Artificial Intelligence and Digital Innovation, reflecting a renewed national commitment to responsible AI leadership. The UAE, a global leader in AI and the first to appoint a Minister of State for AI, has articulated a dedicated foreign policy position on AI, emphasizing principles of international cooperation, sustainable development and responsible governance. In this regard, the UAE continues to invest in talent development, infrastructure and technology-access frameworks.

The Ministers welcomed ongoing dialogue between institutions and stakeholders to explore cooperation in AI and emerging technology research, commercialization, and responsible deployment. Both sides emphasized the importance of inclusive, secure, responsible, and sustainable AI development that supports innovation and economic growth.

Water: Both countries recognized that water lies at the core of climate action, affirming their shared commitment to addressing global water challenges. Both sides underscored the need to strengthen international cooperation, highlighting the upcoming 2026 UN Water Conference, to be co-hosted by the UAE and Senegal, as a key opportunity to advance global water efforts. They also stressed the importance of investing in water technology and innovation to scale up water-scarcity solutions, as exemplified by the UAE’s launch of the Mohamed bin Zayed Water Initiative in early 2024.

Energy and Natural Resources: Canada and the UAE reaffirmed their shared commitment to advancing energy security and accelerating a just transition to a low-carbon economy. The UAE’s growing investment footprint in Canada demonstrates the strong commercial foundation for future cooperation. Canada welcomed the UAE’s interest in formalizing energy collaboration. Canada recognized the UAE’s pioneering efforts in the energy sphere and welcomed the UAE’s interest in promoting greater energy collaboration on an international level. Canada also expressed support for continued dialogue on joint initiatives in decarbonization, liquified natural gas, nuclear, hydrogen, and critical mineral value chains. In this context, Canada and the UAE highlighted their dedication to build on their current ties in the fields of energy and critical energy-transition minerals, while including a focus on promoting investment opportunities and enhancing mutual investment attraction.

International Peace and Security: Canada and the UAE reiterated their shared commitment to promoting peace, stability, and inclusive prosperity across the Middle East and beyond. Both countries emphasized the importance of sustained diplomatic engagement, humanitarian leadership, and multilateral cooperation in addressing geopolitical challenges. They unequivocally condemned all acts of terrorism. They reaffirmed the importance of maintaining and promoting peace and coexistence and their rejection of intolerance, hate speech, discrimination and all forms of extremism.

Canada and the UAE also restated that the principles of dialogue, adherence to international law, and respect for state sovereignty are essential to resolving the conflict between Israel and Iran. Both sides stressed the need for an immediate and permanent ceasefire in Gaza; the release of all remaining hostages; and the urgent, sustainable, unhindered, at-scale flow of aid to address the appalling humanitarian catastrophe. Canada and the UAE also underscored the importance of sustained efforts to advance a serious political horizon toward the two-state solution. The Ministers reaffirmed the urgent need for de-escalation and urged all parties to refrain from actions that further destabilize the region. Both sides reasserted that diplomatic engagement remains essential to ensuring long-term regional stability and international security.

Joint Committee for Cooperation: Both countries are actively using the Joint Committee for Cooperation (JC) as a strategic platform to drive forward a deeper, more institutionalized partnership. Through regular, high-level dialogue, the JC is advancing collaboration in priority areas such as trade and investment, defence and security, and climate and energy. Canada will host the next Ministerial meeting, reinforcing the shared commitment to sustained, results-driven engagement.

International Development Cooperation: Canada and the UAE reaffirmed their mutual determination to address pressing global development and humanitarian challenges. Canada welcomed the UAE’s role as a global development and humanitarian partner. Recognizing the unprecedented scale and severity of humanitarian crises around the world, Canada and the UAE reaffirmed their shared commitment to cooperate closely in delivering assistance and empowering communities. Both countries underscored the importance of this partnership, and committed to leveraging their complementary strengths, particularly during a time of intensifying conflicts around the world.

Canada commended the UAE’s global leadership in humanitarian and mediation efforts, including in Gaza, where the UAE has emerged as the largest bilateral aid donor, and in Ukraine, where the UAE has facilitated 15 prisoner-of-war exchanges, consistent with Canada’s ongoing efforts to address the human dimension of the war. These efforts underscore a shared commitment to upholding international humanitarian law and fostering dialogue in times of conflict. Both sides emphasized the importance of pursuing durable and just solutions grounded in international law and inclusive political processes. They expressed their mutual intent to continue working together on their shared goals of advancing stability and development, promoting tolerance and coexistence, protecting human dignity, and addressing hate speech, discrimination and all forms of extremism.

People to People: Canada and the UAE celebrated their deepening people-to-people ties, which serve as a cornerstone of the growing bilateral partnership. Canada welcomed the increasing number of Emirati students in Canadian higher education institutions, reflecting mutual recognition of academic excellence. The UAE acknowledged the valuable contributions of the more than 60,000 Canadians living and working in the Emirates, who continue to enrich the diversity, innovation and vibrancy of UAE society.

The two countries also stressed their shared commitment to cultural exchange and intercultural dialogue to foster mutual understanding and respect. Both sides recognize the landmark presentation of the “As the Sun Appears from Beyond” exhibition, which celebrates the richness and diversity of contemporary Islamic art, and recently showcased in Toronto through a partnership between the Aga Khan Museum and the UAE Ministry of Culture.

Conclusion: The two sides reaffirmed their strong and growing relationship, rooted in mutual respect, shared objectives, and a common vision for sustainable prosperity and global stability. The visit marked a significant step forward in the Canada-UAE relationship. Both countries are committed to maintaining high-level engagement, concluding further mutually beneficial instruments, and building a durable, forward-looking partnership that delivers tangible benefits for their peoples and contributes to global peace and prosperity.

MIL OSI Canada News –

June 24, 2025
MIL-OSI Security: Defense News: U.S. Army Garrison Italy remembers longtime auto skills mechanic

Source: United States Army

Gene Willie Strahan Jr., a devoted automotive mechanic, beloved colleague and cherished friend, passed away on June 10, 2025. (Photo Credit: U.S. Army) VIEW ORIGINAL

VICENZA, Italy – The military communities of U.S. Army Garrison Italy, including Vicenza and Camp Darby, are mourning the loss of Gene Willie Strahan Jr., a devoted automotive mechanic, beloved colleague and cherished friend.

Strahan knew cars—especially BMWs, his favorite. Friends described him as a gentle giant who loved car shows, fishing and spending time with his tiny dog, Thor.

A U.S. Army veteran, Strahan served in Germany in the 1980s. As a civilian, he began working in Mannheim, Germany. He later moved to Camp Darby, where he worked as a contractor and later at the post exchange. Many remember him from his time at Camp Darby’s Auto Skills Center. Following downsizing there, Strahan relocated to Vicenza, where he worked at the Auto Skills Center, part of the Directorate of Family and Morale, Welfare and Recreation.

Strahan’s love of cars translated to a sincere dedication to community members who sought his help. He offered mechanical expertise to soldiers and civilians at Caserma Ederle with humility and genuine warmth. A few minutes in the shop with Strahan often felt more like catching up with an old friend than speaking with a mechanic.

Over the years, Strahan earned several awards for his work. But his joy came from engaging with the community and making connections that lasted.

News of his June 10 passing sparked an outpouring of online condolences from Americans and Italians in Vicenza and Camp Darby, as well as friends around the world who remembered his kindness during their time in Italy.

Jimmy Roddy, DFMWR’s Business Recreation Division chief, first met Strahan 24 years ago at Camp Darby. There, Strahan helped organize the summer car show and became known for offering help to anyone with automotive issues.

“A big guy, big smile with a bigger heart—always helpful,” Roddy said. “He was very low-key, for as big as he was. He was a gentle giant.”

Strahan loved to fish as much as he loved cars. Mostly, he loved helping the community solve their auto repair problems. (Photo Credit: U.S. Army) VIEW ORIGINAL

Nicknamed “The Frenchman” by fishing buddies, Strahan was born on Dec. 7, 1963 in France into a military family. He grew up around Army bases, to include time in Germany.

Timothy Gordon, a friend from the Camp Darby days, recalled spending long hours fishing Italian rivers with him—a tradition that continued after both relocated to Vicenza. Another shared passion was cars.

“If you asked him about a BMW, he could tell you about it from top to bottom,” Gordon said.

In Vicenza, Strahan was often seen with Thor, a canine companion that went with him nearly everywhere.

“The smallest dog you could imagine with the biggest man you could ever imagine,” Gordon said. “People would just watch them walk down the road. He just loved small dogs.”

Strahan also befriended Soldiers, including Spc. Haron Palomo, a volunteer at the Auto Skills Center. Over the past two years, they joked, shared stories and discussed car repairs while Palomo restored a 1993 Honda Civic. As he did with other customers, Strahan offered tips on finding affordable parts.

“Sadly, he didn’t get to see it finished,” Palomo said.

Strahan is survived by his mother, daughter, sister and brothers, including Michael Strahan, a television host and former professional football player.

A memorial service will be held at noon on June 25 at Caserma Ederle’s Chapel. A second service is scheduled for noon on June 26 at Camp Darby’s chapel.

MIL Security OSI –

June 24, 2025
MIL-OSI USA: Duckworth Announces Opposition to Bryan Bedford’s Nomination to be FAA Administrator

US Senate News:

Source: United States Senator for Illinois Tammy Duckworth

June 23, 2025

The Senator raises substantial concerns regarding Bedford’s refusal to commit to protecting 1,500-hour pilot training standards that help keep the flying public safe

[WASHINGTON, D.C.] – Today, U.S. Senator Tammy Duckworth (D-IL)—a member of the U.S. Senate Committee on Commerce, Science and Transportation (CST) and Ranking Member of the CST Aviation Subcommittee—issued the following statement announcing her strong opposition to Bryan Bedford’s nomination to serve as Federal Aviation Administrator. Her announcement comes after Bedford refused to commit to upholding the 1,500-hour certification standard for our nation’s pilots after Duckworth pressed him on the issue.

“It is deeply disturbing that at this critical moment in aviation safety Mr. Bedford refuses to commit to upholding the 1,500-hour pilot training requirement. Amid a surge in near-misses, an air traffic controller shortage, aging air traffic control equipment and facilities, and in the wake of the first major deadly commercial crash in more than a decade, now is not the time to weaken flight hour requirements for all aspiring airline pilots. Incident after incident, it has been pilots who have made last second decisions to avert disaster. Well-trained pilots are our last line of defense, and I cannot support a nominee who as a corporate executive prioritized—and gained notoriety for—his failed effort to convince the FAA to exempt him from the 1,500-hour rule and let him hire less experienced pilots. I will be voting no on Mr. Bedford’s nomination.”

In light of Bedford’s previous comments and actions against the 1,500-hour rule, Duckworth underscored at his nomination hearing that he would unilaterally attempt to weaken this standard and produce less-prepared pilots despite the serious challenges our nation is facing with regard to aviation safety. When Duckworth asked Mr. Bedford for his commitment to not reduce the 1,500-hour rule if confirmed, Mr. Bedford refused to commit. Duckworth’s remarks can be found on the Senator’s YouTube.

In 2022, while Bedford was CEO of Republic Airways, the airline asked the FAA for an exemption to the 1,500 hour requirement for graduates from the airline’s training academy. The airline argued its graduates needed only 750 hours of flight time to become first officers, but FAA rejected the application, finding it did not provide an equivalent level of safety.

Last week, the families of the Colgan Air Flight 3407 crash announced their opposition to Bedford’s nomination.

For years before the deadly DCA crash, Duckworth has been sounding the alarm that we must make critical aviation safety investments to prevent all-too-often near-misses from becoming catastrophic tragedies. Last Congress, Duckworth chaired two CST Aviation Subcommittee hearings—one last December and the other a year prior—to address our aviation industry’s chilling surge in near-deadly close calls and underscore the urgent need to improve air traffic control systems to protect the flying public.

Duckworth helped author the landmark bipartisan FAA Reauthorization Act of 2024 that was signed into law last year and included several of her provisions to safeguard the 1,500-hour rule, improve safety, expand the aviation workforce and enhance protections for travelers with disabilities.

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MIL OSI USA News –

June 24, 2025
MIL-OSI United Kingdom: UK Government honours exceptional exporters with Made in the UK, Sold to the World Awards
Source: United Kingdom – Government Statements

Press release

UK Government honours exceptional exporters with Made in the UK, Sold to the World Awards

Twelve exceptional UK-based SMEs have been named today as winners of the Department for Business and Trade’s 2025 Made in the UK, Sold to the World Awards.
Twelve SMEs announced as winners of the 2025 Made in the UK, Sold to the World Awards

Now in their third year, the awards celebrate outstanding small businesses achieving exporting success

Winning entries highlight the UK’s strength in sustainability and AI innovation

From ethical metal recycling to AI-driven edtech and digital identity, twelve exceptional UK-based SMEs have been named today as winners of the Department for Business and Trade’s (DBT) 2025 Made in the UK, Sold to the World Awards.

Now in their third year, the awards celebrate the international growth of the UK’s most dynamic small businesses. While the awards naturally reflect the sectoral diversity of British innovation, this year’s winners signal a global appetite for UK leadership in two high-growth areas: sustainability and artificial intelligence. From Osbit’s offshore wind infrastructure to Twin Science’s gamified climate action kits and ubloquity’s AI-enhanced trade platform, British SMEs are exporting solutions to tackle some of the world’s most urgent challenges.

Gareth Thomas, Minister for Services, Small Businesses and Exports, said:

The innovation and entrepreneurship shown by the businesses entering the Made in the UK, Sold to the World Awards demonstrate the best of British business.

When small businesses export, the whole economy benefits. By celebrating the outstanding international trade achievements of UK SMEs, we hope to encourage more businesses to get on the exporting ladder and take the best of Britain to markets around the world.  

This year’s winners were chosen from hundreds of entries across 12 sector-focused categories, including two new areas—Digital & Technology and Export Services—introduced to reflect evolving global opportunities. Each category includes one winner and up to three highly commended businesses.

In the Digital & Technology category, Porotech stood out for its AR and AI-powered wearables, with 90% of revenue from exports and partnerships with Amazon, Microsoft and Foxconn. Twin Science & Robotics, winner in Education & EdTech, exports to over 40 countries and has seen 70% annual revenue growth through its STEM kits focused on AI, robotics and climate literacy.

Sustainability also remains a major theme across the winners. Osbit, winner in Low Carbon Energy, delivers mission-critical offshore wind technology, with 65% of revenue from exports. Meanwhile, Avon Specialty Metals, recognised in Advanced Manufacturing & Construction, recycles high-performance metals and alloys and has grown international sales by 192% over three years.

Winners like Gerald McDonald & Company (Agriculture, Food & Drink) and LIMB-art (Healthcare) underscore the global demand for British-made, high-quality products. From innovative prosthetics to premium fruit derivatives, these SMEs prove that exporting drives resilience, expansion and innovation.

This year’s winners will receive a bespoke promotional package, including a one-year membership to the Chartered Institute of Export & International Trade, a working capital masterclass with Lloyds Bank, an invitation to the winners’ reception in London, professional photography of their business, bespoke promotion on DBT channels and a digital badge, certificate and trophy to commemorate their achievements.

By creating jobs, driving innovation and exporting world-class British products and services, these businesses are making a vital contribution to the Government’s mission to go further and faster for economic growth as part of its Plan for Change.

A key part of this mission is supporting SMEs to grow, scale and enter global markets—recognising that when more businesses trade internationally, the entire UK economy benefits. Exporting supports a fifth of UK employment1, paying on average 7% higher wages2 and delivering 21% higher productivity for goods exporters3.

To help achieve its mission, the Government recently revamped the Board of Trade to boost SME exports and will soon launch its Trade Strategy. This will set out its approach to maximising export opportunities, including those arising from recently signed agreements with India, the US and the EU.

For free help selling to the world, visit business.gov.uk

2025 Winners of the Made in the UK, Sold to the World Awards:

Advanced Manufacturing & Construction – Avon Specialty Metals (Gloucester): Selling to 20+ countries with exporting accounting for 31% of revenue from sustainable alloy/metal recycling and AI-driven processing

Agriculture, Food & Drink – Gerald McDonald and Company Ltd (Basildon, Essex): World’s largest supplier of premium Japanese yuzu juice, exporting to 4 continents

Consultancy & Professional Services – Champions Speakers (Loughborough): Exporting to 66 countries, 122% growth in two years

Creative Industries – Luminous Show Technology (Exeter): Special effects hardware used in Harry Potter and the Commonwealth Games, with 35% export revenue

Digital & Technology – Porotech (Cambridge): 90% export revenue; cutting-edge AR and AI display tech

Education & EdTech – Twin Science & Robotics Ltd (London): STEM tools used in 40+ countries, 93% export revenue

Financial Services & FinTech – Ozone Financial Technology Ltd (London): Exports to 15 countries; 77% of revenue from international markets

Healthcare – LIMB-art (Conwy, Wales): Stylish prosthetics sold in 10 countries; 30% of revenue from exports

Infrastructure & Engineering – Maritime Developments Limited (Aberdeen): 92% export revenue from offshore energy tech

Low Carbon Energy – Osbit (Riding Mill, Northumberland): Bespoke offshore wind equipment exported to 9 countries

Retail & Consumer Goods – Jenolite UK Ltd (Biggleswade, Bedfordshire): Iconic rust removal brand exporting to 50+ countries, with £2.9M in export revenue

Export Services – ubloquity (Scarva, Northern Ireland): AI, blockchain and digital identity solutions empowering businesses to scale globally

2025 Highly Commended Businesses:

Advanced Manufacturing & Construction – Bespoke Stairlifts (Huddersfield), Delta-Xero Distribution Ltd (Fareham), John King Chains (Leeds)

Agriculture, Food & Drink – Evenproducts Ltd (Evesham), PBS International (Crawley), Nourished (Birmingham)

Consultancy & Professional Services – Jean Edwards Consulting (Brighton), Landell Mills (Wiltshire), The Config Team (Cumbria)

Creative Industries – Jesmonite (Shropshire), Rainbow Productions (London), Wild Creations (Cardiff)

Digital & Technology – Hitomi Broadcast (Maidenhead), iLivestock (Dunfermline), uqudo (Manchester)

Education & EdTech – Alphablocks (London), Learning Resource Network (London), Lincoln College (Lincoln)

Financial Services & FinTech – Bueno Europe (Birmingham), Hoptroff (London)

Healthcare – Black Space Technology (Birmingham), Birmingham Biotech (Birmingham), Novocuris (London)

Infrastructure & Engineering – Rosehill Polymers (West Yorkshire), Direct Access (Nantwich), Atmos International (Manchester)

Low Carbon Energy – Munro Vehicles (Glasgow)

Retail & Consumer Goods – RSscan Lab (Ipswich), Dr.PAWPAW (London), The British Hamper Company (Lincoln)

Export Services – Intralink (Oxford), Abex Infoway Europe Ltd (London)

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Published 24 June 2025
MIL OSI United Kingdom –
June 24, 2025
MIL-OSI Australia: NAB appoints Group Executive for Digital, Data and Artificial Intelligence

Source: Premier of Victoria

NAB today announced the appointment of Pete Steel as Group Executive, Digital, Data & Artificial Intelligence.

In this new role reporting to NAB Group Chief Executive Officer, Andrew Irvine, Mr Steel will lead the bank’s digital, data and AI teams and initiatives to deliver better experiences for customers. He will also be accountable for design, customer onboarding and NAB’s digital bank ubank.

“Digital, data and AI are critical enablers for the delivery of our strategic ambition of customer-centricity and now is the right time to have an executive solely accountable and focussed on accelerating our progress in these areas,” Mr Irvine said.

“Pete’s deep experience in using digital and technology solutions to deliver for customers and driving commercial outcomes will be a valuable addition to my Executive Leadership Team.”

Mr Steel is Managing Director, Customer Engagement, at Lloyds Banking Group in the UK, leading a division of approximately 16,000 people responsible for consumer sales and service, digital, artificial intelligence, personalisation, branches, call centres and advisers.

Prior to joining Lloyds, he founded fintech startup Expertli and served as a Senior Adviser on digital transformation at Boston Consulting Group. Previously, he spent 16 years at CBA in executive roles including Group Chief Digital Officer.

Mr Steel will start at NAB on January 5, 2026, subject to regulatory approvals and on completing his employment at Lloyds.

Following these changes, Group Chief Operating Officer Les Matheson will continue to have responsibility for several of NAB’s key strategic priorities including Business-led Technology Modernisation, Payments, Customer Experience, Group Marketing and Enterprise Simplification.

Announcements

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Media Enquiries

For all media enquiries, please contact the NAB Media Line on 03 7035 5015

MIL OSI News –

June 24, 2025
MIL-OSI: Bitcoin Treasury Corporation Announces Closing of Amalgamation and Concurrent Financing

Source: GlobeNewswire (MIL-OSI)

Not for distribution to United States news wire services or for dissemination in the United States.

TORONTO, June 23, 2025 (GLOBE NEWSWIRE) — Bitcoin Treasury Corporation (“Bitcoin Treasury” or the “Corporation”), further to its press releases dated May 22, 2025, May 30, 2025, and June 17, 2025, is pleased to announce that it has completed the previously announced amalgamation, pursuant to which 2680083 Alberta Ltd. (“268”) and Bitcoin Treasury Corporation (pre-amalgamated entity) (“BTCT”) have amalgamated and will continue as one corporation, that will carry on the business of BTCT (the “Transaction”). The Corporation is also pleased to announce that a listing application in respect of the Corporation has been submitted to the TSX Venture Exchange (the “TSXV”) to list the common shares of the Corporation (the “Bitcoin Treasury Shares”). Listing of the Bitcoin Treasury Shares is subject to the TSXV providing final approval thereof (the “Listing”).

Concurrent Financing

The Corporation is also pleased to announce that, further to its press release dated May 30, 2025 and prior to the close of the Transaction, BTCT closed a concurrent brokered private placement of 8,407,350 equity subscription receipts and 25,000 convertible debenture subscription receipts (the “Convertible Debenture Subscription Receipts”) at a price of $1,000 per Convertible Debenture Subscription Receipt and a non-brokered private placement of 1,166,000 equity subscription receipts (the “Equity Subscription Receipts”) at a price of $10.00 per Equity Subscription Receipt for aggregate gross proceeds of $120,733,500 (collectively, the “Concurrent Financing”). Canaccord Genuity and Stifel acted as co-lead agents, together with National Bank Financial Markets, BMO Capital Markets, CIBC Capital Markets, Wellington-Altus, Greenhill, a Mizuho affiliate, Research Capital, Haywood Securities, ATB Capital Markets, Independent Trading Group, Richardson Wealth and Ventum Capital Markets (collectively, the “Agents”) in connection with the Concurrent Financing.

Prior to the close of the Transaction, each Equity Subscription Receipt was converted into one common share of BTCT (“BTCT Share”) and each Convertible Debenture Subscription Receipt was converted into one convertible debenture of BTCT (“BTCT Convertible Debenture”) on a one for one basis.

In connection with the closing of the Concurrent Financing and as consideration for their services, BTCT paid to the Agents cash fees of $5,979,000.

Share Consolidation

Immediately prior to the completion of the Transaction, 268 completed a consolidation of the common shares of 268 (“268 Shares”) based on a ratio of one (1) post-consolidation common share for each 51.66712593 pre-consolidation common shares, resulting in an aggregate of 74,999 268 Shares.

The Transaction

Pursuant to the amended and restated amalgamation agreement between 268 and BTCT dated June 16, 2025, among other things, (i) 268 and BTCT have amalgamated pursuant to the provisions of the Business Corporations Act (Alberta); (ii) each holder of BTCT Shares received one Bitcoin Treasury Share in exchange for each BTCT Share held by such holder and the BTCT Shares were cancelled by the Corporation; (iii) each holder of BTCT Convertible Debentures or warrants of BTCT (the “BTCT Convertible Securities”) received one convertible debenture in the Corporation or one warrant of the Corporation, as the case may be, in exchange for each BTCT Convertible Security held by such holder and the BTCT Convertible Securities were cancelled by the Corporation; (iv) each holder of 268 Shares received one Bitcoin Treasury Share in exchange for each 268 Share held by such holder and the 268 Shares were cancelled by the Corporation; and (v) the Corporation adopted the equity incentive plan of BTCT.

Bitcoin Treasury Share Offering

Upon final approval from the TSXV of the Listing and the TSXV’s issuance of a “list and halt” bulletin, the Corporation intends to complete a brokered offering of up to 426,650 Bitcoin Treasury Shares at a price of $10.00 per Bitcoin Treasury Share (the “Offered Shares”). This, combined with the Concurrent Financing, will provide aggregate gross proceeds of $125,000,000. The Offered Shares will be issued after the Bitcoin Treasury Shares commence trading on the TSXV, and such Bitcoin Treasury Shares shall immediately be halted. Such Offered Shares will be eligible for investment in RRSPs, RESPs, RRIFs, RDSPs, TFSAs, FHSAs and DPSPs, but will be subject to a statutory hold period of four months plus one day from the date the Offered Shares are issued, in accordance with applicable Canadian securities laws. The offering of the Offered Shares is expected to close on or about the week of June 23, 2025. In connection with the closing of the Offered Shares and as consideration for their services, BTCT anticipates a payment to the Agents a cash commission of $178,950.

For further information, please contact:

Bitcoin Treasury Corporation
Elliot Johnson, Chief Executive Officer
Phone: 416-619-3403
Email: ejohnson@btctreasurycorp.com

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

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the Listing of Bitcoin Treasury Shares; the offering of Offered Shares; the anticipated closing date of the Offered Share offering; receipt of a TSXV list and halt bulletin; the anticipated Agents fees relating to the Offered Share offering; expectations related to Bitcoin and its use in the future; and future development plans of the Corporation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: ability to close the Bitcoin Treasury Share Offering on the proposed terms or at all, the synergies expected from the Transaction not being realized; business integration risks; the Corporation’s operating results will experience significant fluctuations due to the highly volatile nature of Bitcoin; BTCT operates in a heavily regulated environment and any material changes or actions could lead to negative adverse effects to the business model, operational results, and financial condition of BTCT; evolving cryptocurrency regulatory requirements and the impact on BTCT’s business plan; Bitcoin value risk; reliance on key personnel; implementation of the Corporation’s business plan; lack of operating history; competitive conditions; de banking and financial services risk; anti money laundering and corrupt business practices; additional capital; financing risks; global financial conditions; insurance and uninsured risks; cybersecurity risks; changes to bank fees or practices, or payment card networks; audit of tax filings; market for the Bitcoin Treasury Shares; market price of the Bitcoin Treasury Shares; conflicts of interest; internal controls; tariffs and the imposition of other restrictions on trade could adversely affect the Corporation’s business; risk of litigation; pandemics or other health crisis; acquisitions and integration; risk of dilution of Bitcoin Treasury securities; dividend policy; Bitcoin price volatility; custodial risks; technological vulnerabilities; Bitcoin transactions are irreversible and may result in significant losses; short history risk; limited history of the Bitcoin market; potential decrease in the global demand for Bitcoin; economic and political factors; top Bitcoin holders control a significant percentage of the outstanding Bitcoin; availability of exchange traded products liquidity; security breaches; the amalgamation agreement may be terminated by 268 or BTCT in certain circumstances; there can be no certainty that all conditions precedent to the Transaction will be satisfied; BTCT and 268 may incur costs even if the Transaction is not completed; the requirements that accompany being a publicly traded company may put a strain on the Corporation’s resources, divert attention from management, and adversely affect its ability to maintain and attract management and qualified board members; uncertainty of use of proceeds; liquidity risk; leverage risk; and share price fluctuations.

Although management of BTCT believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions and have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date of this news release, and BTCT does not undertake any obligation to update publicly or to revise any of the included forward -looking statements or information, whether as a result of new information, change in management’s estimates or opinions, future circumstances or events or otherwise, except as expressly required by applicable securities law.

Completion of the Listing is subject to a number of conditions, including but not limited to, TSXV acceptance.

Investors are cautioned that, except as disclosed in the filing statement filed on June 17, 2025, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon.

The TSXV has neither approved nor disapproved the contents of this news release.

The MIL Network –

June 24, 2025
MIL-OSI: Oak Valley Community Bank Announces Branch Manager Hiring

Source: GlobeNewswire (MIL-OSI)

OAKDALE, Calif., June 23, 2025 (GLOBE NEWSWIRE) — Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), announced that Mariam Shah has joined the bank as Vice President, Branch Manager of the Lodi Branch which is located at 31 South School Street and is slated to open later this summer.

Shah brings over a decade of banking experience to her new role, including the past three years as a Branch Manager at another financial institution. She will oversee daily branch operations and focus on building new business relationships within the Lodi community. “We are excited to welcome Mariam to Oak Valley and the Lodi community,” said Julie DeHart, Executive Vice President, Retail Banking Group. “Her banking experience, leadership abilities, and strong communication skills will be instrumental in strengthening client relationships and driving the growth of our branch.”

Shah holds a Bachelor of Science degree in Business Administration and Management from Georgia College and State University. She is a former member of the Pleasant Hill Chamber of Commerce and currently resides in Tracy. Outside of work, she enjoys outdoor activities, hiking, beach trips, participating in holiday charity events, and visiting family.

Oak Valley Bancorp operates Oak Valley Community Bank & their Eastern Sierra Community Bank division, through which it offers a variety of loan and deposit products to individuals and small businesses. They currently operate through 18 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, two branches in Sonora, three branches in Modesto, and three branches in their Eastern Sierra division, which includes Bridgeport, Mammoth Lakes, and Bishop. The Lodi Branch will be the bank’s 19^th location.

For more information, call 1-866-844-7500 or visit www.ovcb.com.

Contact: Chris Courtney/Rick McCarty

Phone: (209) 848-BANK (2265)

Toll Free (866) 844–7500

www.ovcb.com

The MIL Network –

June 24, 2025
MIL-OSI USA: Praise Pours in for Ernst Bill to Unleash Domestic Manufacturing

US Senate News:

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

WASHINGTON – Support continues to pour in from small manufacturers in Iowa and across the country for Senator Joni Ernst’s (R-Iowa) Made in America Manufacturing Finance Act that doubles the loan limit for Small Business Administration (SBA) manufacturing loans.
Senate Committee on Small Business and Entrepreneurship Chair Ernst’s bill will continue to fuel the great manufacturing boom happening under President Trump and ensure that “Made in America” becomes the norm instead of the exception.
Here is some of the praise for the bill:
Ceilley Pallets (Waterloo, Iowa)
“I think we as a community have the potential to once again be a manufacturing powerhouse in the Cedar Valley, as well as serving throughout the United States. I am optimistic that if stewarded properly, the additional resources available to small businesses will supercharge innovation, collaboration, production, education, and flourishing of our businesses, and workforce,” said Kevin Taylor, owner.
The bill has previously earned high marks from groups across Iowa.
Iowa Association of Business and Industry
“Iowa’s manufacturers are ready to grow, invest, and lead in the future of American manufacturing – but access to capital is critical. The Made in America Manufacturing Finance Act is a commonsense solution that will empower small manufacturers to invest in the tools, technology, and facilities they need to compete globally. ABI applauds Senator Ernst and Chairman Williams for their leadership and commitment to strengthening U.S. manufacturing,” said Nicole Crain, President.
Iowa Bankers Association
“The Iowa Bankers Association thanks Senator Joni Ernst for her leadership in proposing the Made in America Manufacturing Finance Act. Bank leaders in Iowa have advocated for increasing the loan limits in these SBA programs with the goal of driving more investment in communities across the state of Iowa. Manufacturing is an important piece of Iowa’s economy, and Iowa banks are proud partners in helping small businesses grow and expand. This proposed legislation will make the work of our Iowa banks even more impactful,” said Adam Gregg, President.
Cedar Rapids Metro Economic Alliance
“Manufacturing is a cornerstone of our region’s economic vitality. By increasing access to capital for small manufacturers, the Made in America Manufacturing Finance Act empowers businesses to expand, innovate and compete globally—while reinforcing our domestic supply chains. We commend Senator Ernst for her leadership as Chair of the Senate Small Business Committee and her commitment to addressing the financial needs of small manufacturers in today’s economy,” said Barbra Solberg.
Greater Burlington Partnership
“Increasing loan limits for small manufacturers strengthens the backbone of our local economy. This bipartisan effort will give more Iowa businesses the tools they need to expand operations, invest in new technology, and create quality jobs right here at home. As the cost of doing business continues to rise, we support the recommended increases in borrowing to accommodate our manufacturing businesses,” said Amy O’Brien, CEO.
Additional praise has poured in from across the country:
Better Team USA Corp (Clifton, N.J.)
“This important legislation, particularly the provision to double the maximum 7(a) loan amount for small manufacturers from $5 million to $10 million, will play a crucial role in fostering growth, expanding manufacturing capabilities, reshoring jobs to the US. I believe that this bill will provide the necessary capital injection to help small businesses like mine scale operations, compete effectively in the global market, and contribute to rebuilding U.S. supply chains,” said Martin Di Battista, President.
IngniteLI, The Manufacturing Consortium of Long Island (Hauppauge, N.Y.)
“On behalf of Ignite Long Island, which represents more than 3,200 manufacturing companies across Suffolk and Nassau Counties, I want to express strong support for the bipartisan proposal to increase the SBA 7(a) loan cap from $5 million to $10 million. This change would directly benefit small and mid-sized manufacturers in our region – many of whom face growing capital needs as they invest in equipment, workforce, and facility upgrades to remain competitive in today’s economy. Raising the 7(a) loan threshold would unlock greater access to flexible, long-term financing for expansion, automation, reshoring, and defense readiness – all of which are key priorities for Long Island’s industrial base,” said Jamie Moore, President.
Marotta Controls (Montville, N.J.)
“Marotta Controls encourages the Congress and the Administration to raise the SBA manufacturing loan limit to $10 Million. This would enable Marotta Controls to meaningfully increase our manufacturing capacity to support the Defense Industrial Base (DIB),” said Patrick Marotta, President and Chief Executive Officer.
Sly Drinks (Phoenix, Ariz.)
“America wants to build manufacturing here. If the Administration wants to build manufacturing facilities, then we need the SBA to raise the cap from 5M to 10M, reduce the equity requirements for the SBA loans on small business owners, and help small businesses like ours build manufacturing in America right here and now, and for future generation,” said Dr. Amy Czyz, Co-Founder.
Long Island Bio (Bayport, N.Y.)
“We at Long Island Bio, which represents the Pharmaceutical, Biotechnology, Nutraceutical, and Medical Device manufacturers of Long Island, express strong support for the bipartisan proposal to increase the SBA 7(a) loan cap from $5 million to $10 million. Raising the 7(a) loan threshold would unlock greater access to flexible, long-term financing for expansion, automation, reshoring, and training – all of which are key priorities for our industry segment, and all of Long Island’s industrial base,” said Tom Mariner, Executive Director.
GSE Dynamics (Hauppauge, N.Y.)
“GSE Dynamics, a federally certified woman owned small business fully supports the bipartisan bill – Made in America Manufacturing Finance Act of 2025. Revitalizing manufacturing is a bipartisan issue – if we all agree on strengthening US manufacturing then we can strengthen our national security, and we strengthen our middle class.”
Beauty Society (North Las Vegas, Nev.)
“As a company that proudly manufacturers our products in the United States, we believe strongly in the power of domestic production – not only as a means to ensure product quality and supply chain control, but also as a strategic advantage over competitors that primarily rely on imported goods. The proposed shift from $5 million to $10 million in loan guarantees would be a transformative change – one that could accelerate growth for small- and mid-sized manufacturers across the country,” said Jeannie Lorin, Founder and CEO.
Polk & Associates Construction (Brentwood, Tenn.)
“The reality of scaling a construction or manufacturing firm requires significant capital for equipment, materials, skilled labor and the working capital that allows us to execute contracts on time and with excellence. Raising the SBA loan limit to $10 million would unlock new potential for us and many others across the country. It would remove one of the more persistent barriers to growth, access to affordable capital, and create sustainable cash flow that supports scaling operations, hiring more workers, and investing in innovation,” said Reggie Polk, President and CEO.
L & H Industrial (Gillette, Wyo.)
“We strongly support the increase in SBA loan guarantees from $5 million to $10 million. This shift will allow manufacturers to confidently invest in reshoring operations, scale advanced capabilities, and bring more jobs and production back home. Access to capital remains one of the most critical levers in rebuilding America’s industrial base” said Mike Wandler, President and CEO.
Kinematica USA (Bohemia, N.Y.)
“As a proud small business owner providing technology to Pharma, Food and Cosmetic Industries, I fully support the Made in America Manufacturing Finance Act and the proposed increase in SBA 7(a) and 504 loan limits from $5 million to $10 million. This legislation sends a strong and timely message: America is serious about rebuilding its manufacturing base and empowering entrepreneurs to invest boldly in our domestic future,” said Andreas Niens, Chief Visionary Officer.
LV Iron & Steel (Sunrise Manor, Nev.)
“We were very encouraged by the discussion around the increase in lending limits, moving from $5 million to $10 million, and the potential this holds for the continued growth of our steel business and our forthcoming expansion. We anticipate that this increased access to capital and other valuable SBA resources designed to support cash flow and foster growth will be instrumental in propelling our business forward,” said Traci Aguilar, Founder.

MIL OSI USA News –

June 24, 2025
MIL-OSI USA: Ernst Names Small Business of the Week, Acorn Bluff Farms

US Senate News:

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

Published: June 23, 2025

Throughout this Congress, Chair Ernst plans to recognize a small business in every one of Iowa’s 99 counties.

RED OAK, Iowa – U.S. Senator Joni Ernst (R-Iowa), Chair of the Senate Small Business Committee, today announced her Small Business of the Week: Acorn Bluff Farms of Louisa County. Throughout the 119th Congress, Chair Ernst plans to recognize a small business in every one of Iowa’s 99 counties.
“Since 2016, Acorn Bluff Farms has proven they have the chops to deliver premium pork products directly to folks across Iowa,” said Chair Ernst. “The Todd brothers are truly bringing home the bacon with their signature Mangalitsa pork, which continues to earn high praise for its exceptional quality.”
In 2016, Seth Todd – who was serving active duty in the Marine Corps – and his brother, Kenan, established Acorn Bluff Farms on a 200-year-old homestead farm in Columbus Junction. The brothers raise Mangalitsa pigs – a prized breed known for their rich fattiness and complex flavor profile, earningtheir title, the Kobe of pork. From farmers markets to an online storefront managed by their brother, Jared, Acorn Bluff Farms offers boar sausage, chorizo, bacon, and pork chops, in addition to variety boxes and sampler packs. The family-run and veteran-owned operation continues to grow by delivering high-quality, locally raised pork across Iowa and the nation.
Stay tuned as Chair Ernst recognizes more Iowa small businesses across the state with her Small Business of the Week award.

MIL OSI USA News –

June 24, 2025
MIL-OSI USA: CONGRESSWOMAN PLASKETT CELEBRATES HOUSE PASSAGE OF BIPARTISAN LEGISLATION TO ESTABLISH TRANS-ATLANTIC SUBMARINE FIBER OPTIC CABLE

Source: United States House of Representatives – Congresswoman Stacey E. Plaskett (USVI)

For Immediate Release Contact: Tionee Scotland

June 23, 2025                                                    202-808-6129

PRESS RELEASE

CONGRESSWOMAN PLASKETT CELEBRATES HOUSE PASSAGE OF BIPARTISAN LEGISLATION TO ESTABLISH TRANS-ATLANTIC SUBMARINE FIBER OPTIC CABLE

Washington, DC – This week, Congresswoman Plaskett’s (D-VI-AL) HR 1737, the “DiasporaLink Act”, passed through the House of Representatives by voice vote. The Bill, re-introduced in March with her Republican colleague Congressman Russ Fulcher (R-ID-1), requests an assessment of the value, cost, and feasibility of developing a Trans-Atlantic submarine fiber optic cable which will connect the East coast of the United States, via the United States Virgin Islands, with Nigeria and Ghana.

“I am pleased to see the passage of this legislation known as the ‘DiasporaLink Act’ through the House. This bill represents an opportunity to establish high-speed internet connection to Africa and throughout the Caribbean from American soil, which will enhance America’s national security data and communication interests in the regions. In the legislation, this TransAtlantic submarine fiber optic cable will intersect in the U.S. Virgin Islands. The DiasporaLink Act is envisioned as both a national security instrument and a digital commerce expressway to boost America’s global, political, economic, and military advantages and influences. This act will ensure the region is not forgotten as it confronts increasing regional political instability and transnational criminal activity,” stated Congresswoman Stacey E. Plaskett.

“Thank you to Congressman Fulcher for his continued support of this legislation as well as Energy & Commerce Committee Ranking Member Frank Pallone (D – New Jersey) and Energy & Commerce Committee Chair, Republican Congressman Brett Guthrie (KY) for their stewardship of this initiative.

“The passage of this bill through the House of Representatives is a significant step in the legislative process. Legislation does not become law until passed by the House, passed by the Senate, then signed by the President. I am hopeful this measure will be considered Senate in short order,” shared Congresswoman Stacey Plaskett.

Background:

Presently, there is no direct fiber optic link between the US and the continent of Africa. Africa is increasingly an area that presents dynamic economic opportunity for our country as well as national security challenges that must be addressed. The Virgin Islands is strategically positioned in the transit zones to fight transnational crime and protect U.S. national and regional security in the Caribbean as well as be a safe hub for optic between the 2 continents. The TransAtlantic submarine fiber optic cable network’s strategic location makes DiasporaLink a “Digital Safe Harbor” under the U.S. flag. This service will provide African and Caribbean submarine operators and Internet Service Providers (ISPs) a clear channel to U.S. financial and business centers. In addition, undersea cables have significant strategic importance and an estimated 400 of them carry approximately 98 percent of international internet data as well as telephone traffic around the world. Many are owned and operated by U.S. companies — helping reinforce U.S. dominance over the internet while giving a sense of security to the U.S. and its allies that may be concerned about sabotage or surveillance. Having the hub in the U.S. Virgin Islands is a significant 21st century paradigm shift; it allows our islands’ advantages, many of which have been used for the benefit of other world powers (i.e. the VI’s geostrategic location), to be utilized for the benefit of our people. DiasporaLink in the USVI will make it a hub for commerce in the global digital economy and will stimulate high tech job opportunities for Virgin Islanders and attract digital users to the territory.

In the 118th Congress, this legislation passed through the House Energy & Commerce Committee with unanimous support, passed the House of Representatives and was sent on to the Senate. The Office of Congresswoman Plaskett is working with the Senate to facilitate passage in that Chamber.

MIL OSI USA News –

June 24, 2025
MIL-OSI: Matador Technologies Receives Conditional Approval for Change of Business
Source: GlobeNewswire (MIL-OSI)

Key Highlights
- TSX Venture Exchange grants conditional approval for Matador’s Change of Business (“COB”) to a hybrid “Technology / Investment” issuer, subject to the Company satisfying the TSXV’s requirements and conditions.
- Enables Matador to operate as a pure Bitcoin Ecosystem Company with a focus on holding, acquiring, and investing in Bitcoin and digital asset ventures, assuming that the Company obtains TSXV final approval of the COB.
- Unlocks ability to scale Bitcoin treasury strategy, deploy capital into the Bitcoin ecosystem, and expand globally, assuming that the Company obtains TSXV final approval of the COB and obtains TSXV approval to expand globally.
- Positions Matador to proceed with its proposed investment in HODL Systems, one of India’s first digital asset treasury companies, assuming that the Company obtains TSXV conditional approval with respect to this investment.
TORONTO, June 23, 2025 (GLOBE NEWSWIRE) — Matador Technologies Inc. (“Matador” or the “Company”) (TSXV: MATA, OTCQB: MATAF, FSE: IU3), is pleased to announce that it has received conditional approval from the TSX Venture Exchange (the “TSXV”) to complete its previously announced Change of Business (“COB”) to a hybrid “Technology / Investment” issuer, as defined under TSXV policies, subject to the Company satisfying TSXV requirements and conditions. The Company expects to close the COB on or about July 4, 2025.

Assuming that the Company satisfies TSXV requirements and conditions respecting the COB, Matador will be able to expand its business model to include activities consistent with its investment policy and TSXV regulations, including the acquisition and management of Bitcoin and investments in Bitcoin-related technologies and infrastructure. The new structure provides the Company with greater operational flexibility within the digital asset sector. “This marks an important milestone on our journey,” said Deven Soni, Chief Executive Officer of Matador Technologies. “With conditional approval in place, we are one step closer to advancing our Bitcoin treasury strategy and supporting Bitcoin-native innovation globally—subject to final TSXV approval.”

What the Change of Business Enables

Assuming that the Company obtains TSXV final approval of the COB, Matador will be able to:
- Advance its Bitcoin accumulation strategy, applying a structured approach as a public issuer;
- Make equity investments in Bitcoin-focused businesses and technologies including custody, mining, tokenization, and related infrastructure;
- Continue developing its Digital Gold platform, beginning with its “Grammies” product line, which links physical gold to inscriptions on the Bitcoin blockchain;
- Deploy capital in selected international markets such as India, where digital asset usage and gold demand are well-established;
- Operate with expanded flexibility across the Bitcoin ecosystem.
The Change of Business is subject to the receipt of shareholder approval and final TSXV approval and the filing of customary documentation. A filing statement in respect of the Change of Business has been filed on SEDAR+ at www.sedarplus.ca under the Company’s profile.

Unlocking the India Opportunity

Assuming that the Company obtains TSXV final approval of the COB and conditional approval of the HODL Systems (“HODL”) investment transaction, Matador will be able to increase its exposure to the global digital asset ecosystem. Under the terms of the LOI, Matador will commit to a share warrant structure that could provide the Company with up to a 24% ownership stake in HODL Systems, assuming full exercise of the warrants.

This investment will anchor Matador’s entry into India—one of the world’s fastest-growing markets for technology, gold, and digital assets. With a median population age under 30, mobile-first adoption patterns, and the world’s largest private gold market, India is an ideal jurisdiction for Matador to scale both its Digital Gold product and its digital asset native treasury strategy. HODL Systems mirrors Matador’s thesis by implementing a digital asset balance sheet strategy and offering a gateway to license Matador’s infrastructure across the Indian subcontinent.

“We believe HODL Systems reflects the kind of infrastructure-driven Bitcoin strategy we are seeking to support,” said Mark Moss, Chief Visionary Officer at Matador. “Subject to regulatory approval, this investment would support Matador’s entry into one of the most active markets for digital assets globally.”

The investment in HODL remains subject to TSXV approval.

Building a Global Bitcoin Ecosystem Company

Matador’s proposed model is influenced by other public issuers such as Metaplanet Inc., a Japanese company that has implemented a Bitcoin treasury model. Metaplanet has pursued capital formation and Bitcoin acquisition strategies within a regulated public market framework in Japan, where institutional interest in Bitcoin is growing and monetary policy remains highly accommodative.

Matador sees parallels between these conditions and those emerging in India, where inflationary pressures, a growing appetite for alternative assets, and increasing regulatory clarity around digital assets are driving renewed interest in Bitcoin as a store of value. Additionally, India’s robust technology sector and expanding capital markets create favorable conditions for a Bitcoin-aligned corporate strategy. Subject to final TSXV approval, Matador intends to pursue a similar approach in select jurisdictions, including India, where it can responsibly support Bitcoin-native companies and infrastructure development.

“This conditional approval is a key milestone in our plan to hold and invest in Bitcoin as part of our corporate treasury strategy,” said Deven Soni, Chief Executive Officer of Matador Technologies. “Subject to final TSXV approval, it brings us closer to allocating capital to companies building core infrastructure across the Bitcoin ecosystem.”

Strategic Advisors Supporting Execution

To support this next phase of growth, Matador recently formed a Strategic Advisory Board composed of industry leaders with deep expertise in Bitcoin, gold, and global capital markets. The Strategic Advisory Board includes:
- David Bailey, CEO of BTC Inc., General Partner at UTXO Management, LLC and founding partner of Bitcoin-focused holding company Nakamoto. Bailey brings significant experience from his leadership of Bitcoin for Corporations—a platform developed in partnership with MicroStrategy—and his early involvement in Metaplanet’s Bitcoin strategy in Japan.
- Brad Mills, a Bitcoin entrepreneur and investor known for his active role in early-stage Bitcoin infrastructure and digital asset investments.
- Dave Forestell, a legal and regulatory executive with deep expertise in natural resources, public markets, and policy. He chairs the Alcohol and Gaming Commission of Ontario and previously led iGaming Ontario.
These advisors provide Matador with a unique blend of strategic insight—combining institutional knowledge of Bitcoin capital markets, legacy gold infrastructure, and cross-border regulatory frameworks.

For additional information, please contact:

Media Contact:
Sunny Ray
President
Email: sunny@matador.network
Phone: 647-496-6282

About Matador Technologies Inc.

Matador Technologies Inc. (TSXV: MATA, OTCQB: MATAF, FSE: IU3) is a publicly traded Bitcoin ecosystem company focused on holding Bitcoin as its primary treasury asset and building products to enhance the Bitcoin network. Matador’s strategy combines strategic Bitcoin accumulation, Bitcoin-native product development, and participation in digital asset infrastructure, with a focus on driving long-term shareholder value while maintaining capital efficiency.

Matador has recently expanded its global footprint by investing in HODL Systems, one of India’s first digital asset treasury companies, securing up to a 24% ownership stake. This investment strengthens Matador’s position as a leading Bitcoin treasury company and underscores its commitment to the worldwide adoption of Bitcoin as a reserve asset.

With a Bitcoin-first strategy, and a clear focus on innovation, Matador is shaping the future of financial infrastructure on Bitcoin.

Visit us online at https://www.matador.network/.

Cautionary Statement Regarding Forward-Looking Information

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

Forward-Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including risks associated with the implementation of the Company’s treasury management strategy, receipt of regulatory and shareholder approvals, and the launch of its mobile application as currently proposed or at all. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including with respect to the potential acquisition of Bitcoin and/or US dollars, the pricing of such acquisitions and the timing of future operations. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

The MIL Network –
June 24, 2025
MIL-OSI USA: Governor Kehoe Announces Appointments to St. Louis City Board of Police Commissioners
Source: US State of Missouri

JUNE 23, 2025

Jefferson City — Today, at a press conference in St. Louis, Governor Mike Kehoe announced his appointments to the citizen-led St. Louis City Board of Police Commissioners. The board, established by the passage of landmark public safety legislation in House Bill (HB) 495, is charged to be the governing body of the St. Louis Metropolitan Police Department (SLMPD).

“This board represents a renewed commitment to public trust and local oversight,” said Governor Kehoe. “By bringing together respected voices from across the city who support the men and women of the St. Louis Metropolitan Police Department, we are ensuring that public safety efforts reflect the needs, values, and concerns of the people of St. Louis and the department. These appointments mark a significant move toward transparency, collaboration, and a safer future for the city.”

The six-member board includes the St. Louis City Mayor Cara Spencer, who will participate with full voting authority, four governor-appointed voting members who are residents of the city, and one governor-appointed non-voting commissioner who either resides or owns property in the city.

Governor Kehoe’s appointments include the following individuals:
- Brad Arteaga is a successful entrepreneur in St. Louis City, serving as the president and owner of Arteaga Photos Ltd., BAKM LLC., and Arteaga LLC. In addition to his proven track record of managing and growing successful businesses, Arteaga has decades of active leadership and service on multiple civic and community boards including the St. Louis City Judicial Committee, Dismas House of St. Louis, Friends of Frances Park, and more. Arteaga will serve a one-year term as a voting member of the board.
- Donald “Don” Brown is lifelong St. Louis resident and experienced automotive executive, currently serving as the Dealer Operator of Don Brown Chevrolet. With a career spanning more than four decades, Brown has held leadership roles across multiple dealerships and has been deeply involved in the community through various boards including the 3rd Police District Business Association, the Better Business Bureau, and the Friends of Kids Board of Directors. Brown will serve a four-year term as the non-voting member of the board.
- Sonya Jenkins-Gray is a nationally recognized human resources executive with more than two decades of leadership experience in both the public and private sectors. She previously served as the director of human resources for the City of St. Louis, overseeing HR operations for more than 5,000 employees. She also previously served on the board of Mound City Bar Foundation and is currently the chairperson for the Progressive National Baptist Convention. Jenkins-Gray will serve a two-year term as a voting member of the board.
- Edward McVey is a seasoned business owner and operator of Maggie O’Brien’s Restaurant and Irish Pub in St. Louis, where he has led operations since 2008. With expertise in contract negotiation, strategic planning, and team leadership, McVey has built a strong track record of business development and community engagement. He is active in local organizations including the St. Patrick’s Center and the St. Louis Boys and Girls Club. McVey will serve a three-year term as a voting member of the board.
- Chris Saracino is the owner-operator of Bartolino’s Hospitality Group, which includes several full-service restaurants across the city. He is also the co-founder of Campbell Security and Services Group, serving households and communities throughout Missouri. Saracino has held several leadership roles with the Hill Business Association, The Hill 2000 Neighborhood Association, and the St. Louis Regional Sports Authority. He also prioritizes community service as an active member of several charitable organizations including the Kiwanis Club of St. Louis City and the Italian Open Charities. Saracino will serve a four-year term as a voting member of the board.
The board will begin work immediately, with the assistance of Transition Director Derek Winters, to ensure an orderly and responsible implementation period, without disruption to residents of the city and commissioned and civilian personnel of the SLMPD. During the implementation period, the commissioners will work to determine the board’s policies for meetings and bylaws and begin their work in overseeing the Chief of Police and the department’s policies, contracts, assets, and budgets. The day-to-day operations of the department will remain under the leadership of the Chief of Police.

All media inquiries related to the board may now be directed to the SLMPD, at media@slmpd.org. A webpage with headshot photos for the board is forthcoming.

For more information on the roles and responsibilities of the St. Louis City Police Board of Commissioners, as designated in HB 495, click here.

###

MIL OSI USA News –
June 24, 2025
MIL-OSI: Brookfield Corporation Announces Results of Conversion of its Series 42 Preferred Shares

Source: GlobeNewswire (MIL-OSI)

BROOKFIELD, NEWS, June 23, 2025 (GLOBE NEWSWIRE) — Brookfield Corporation (“Brookfield”) (NYSE: BN, TSX: BN) today announced that after having taken into account all election notices received by the deadline for the conversion of its Cumulative Class A Preference Shares, Series 42 (the “Series 42 Shares”) (TSX: BN.PF.G) into Cumulative Class A Preference Shares, Series 43 (the “Series 43 Shares”), there were 10,420 Series 42 Shares tendered for conversion, which is less than the one million shares required to give effect to conversion into Series 43 Shares. Accordingly, there will be no conversion of Series 42 Shares into Series 43 Shares and holders of Series 42 Shares will retain their Series 42 Shares.

About Brookfield Corporation

Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Alternative Asset Management, Wealth Solutions, and our Operating Businesses which are in renewable power, infrastructure, business and industrial services, and real estate.

We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our unrivaled investment and operational experience. Our conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow us to consistently access unique opportunities. At the center of our success is the Brookfield Ecosystem, which is based on the fundamental principle that each group within Brookfield benefits from being part of the broader organization. Brookfield Corporation is publicly traded in New York and Toronto (NYSE: BN, TSX: BN).

For more information, please visit our website at www.bn.brookfield.com or contact:

Media: Investor Relations:

Kerrie McHugh Katie Battaglia

Tel: (212) 618-3469 Tel: (416) 359-8544

Email: kerrie.mchugh@brookfield.com Email: katie.battaglia@brookfield.com

The MIL Network –

June 24, 2025
MIL-OSI: Liquidia Receives $50 Million from Healthcare Royalty (HCRx) Following First Commercial Sale of YUTREPIA™
Source: GlobeNewswire (MIL-OSI)

MORRISVILLE, N.C., June 23, 2025 (GLOBE NEWSWIRE) — Liquidia Corporation (NASDAQ: LQDA), a biopharmaceutical company developing innovative therapies for patients with rare cardiopulmonary disease, today announced the receipt of an additional $50.0 million under its sixth amendment to its financing agreement (HCR Agreement) with Healthcare Royalty (HCRx) upon the U.S. District Court for the Middle District of North Carolina denying United Therapeutics Corporation’s request for a preliminary injunction and temporary restraining order in its complaint filed against Liquidia and the first commercial sale of YUTREPIA™ (treprostinil) inhalation powder.

Michael Kaseta, Liquidia’s Chief Financial Officer and Chief Operating Officer, said: “We are grateful for the continued partnership with HCRx and pleased with the early stages of YUTREPIA’s launch. The proceeds from HCRx will further accelerate our launch execution, advance our clinical pipeline, and support the expansion of future manufacturing operations, including the build-out of our newly leased manufacturing facility. Our early momentum and strong financial position reinforce our belief in Liquidia’s ability to achieve profitability without the need for additional capital.”

Clarke Futch, Chairman and Chief Executive Officer of HCRx added: “Today’s news reflects an important milestone in Liquidia’s commercial execution of YUTREPIA and further strengthens our confidence in the company’s long-term vision. We are pleased to support Liquidia as it further advances the commercial launch of YUTREPIA and prepares to expand future manufacturing capabilities to meet growing market demand in the years ahead.”

Under the terms of the HCR agreement, Liquidia has now received $175.0 million of the $200.0 million in total potential funding. An additional $25.0 million remains available upon the mutual agreement of the parties, if Liquidia achieves aggregate net sales of YUTREPIA in excess of $100.0 million at any time on or prior to June 30, 2026. The additional $50.0 million that HCRx funded is subject to a fixed payment schedule through 2033. Aggregate payments to HCRx are capped at 175% of the total amounts funded. A true-up payment may be required if HCRx’s internal rate of return falls below a minimum threshold on the date the cap is reached, which is 13% for this funding of $50.0 million.

About Pulmonary Arterial Hypertension (PAH)
Pulmonary arterial hypertension (PAH) is a rare, chronic, progressive disease caused by narrowing, thickening or stiffening of the pulmonary arteries that can lead to right heart failure and eventually death. Currently, an estimated 45,000 patients are diagnosed and treated in the United States. There is currently no cure for PAH, so the goals of existing treatments are to alleviate symptoms, maintain or improve functional class, delay disease progression, and improve quality of life.

About Pulmonary Hypertension Associated with Interstitial Lung Disease (PH-ILD)
Pulmonary hypertension (PH) associated with interstitial lung disease (ILD) includes a diverse collection of up to 200 different pulmonary diseases, including interstitial pulmonary fibrosis, chronic hypersensitivity pneumonitis, connective tissue disease-related ILD, and chronic pulmonary fibrosis with emphysema (CPFE) among others. Any level of PH in ILD patients is associated with poor 3-year survival. A current estimate of PH-ILD prevalence in the United States is greater than 60,000 patients, though population size in many of these underlying ILD diseases is not yet known due to factors including underdiagnosis and lack of approved treatments until March 2021, when inhaled treprostinil was first approved for this indication.

About YUTREPIA™ (treprostinil) Inhalation Powder
YUTREPIA is an inhaled dry-powder formulation of treprostinil delivered through a convenient, low-effort, palm-sized device. YUTREPIA was designed using Liquidia’s PRINT® technology, which enables the development of drug particles that are precise and uniform in size, shape and composition, and that are engineered for enhanced deposition in the lung following oral inhalation. Liquidia has completed the INSPIRE trial (NCT03399604), or Investigation of the Safety and Pharmacology of Dry Powder Inhalation of Treprostinil, an open-label, multi-center phase 3 clinical study of YUTREPIA in patients diagnosed with PAH who are naïve to inhaled treprostinil or who are transitioning from Tyvaso® (nebulized treprostinil). YUTREPIA is currently being studied in the ASCENT trial (NCT06129240), or An Open-Label ProSpective MultiCENTer Study to Evaluate Safety and Tolerability of Dry Powder Inhaled Treprostinil in PH, with the objective of informing YUTREPIA’s dosing and tolerability profile in patients with PH-ILD. YUTREPIA was previously referred to as LIQ861 in investigational studies.

INDICATION
YUTREPIA (treprostinil) inhalation powder is a prostacyclin analog indicated for the treatment of:
- Pulmonary arterial hypertension (PAH; WHO Group 1) to improve exercise ability. Studies establishing effectiveness predominately included patients with NYHA Functional Class III symptoms and etiologies of idiopathic or heritable PAH (56%) or PAH associated with connective tissue diseases (33%).
- Pulmonary hypertension associated with interstitial lung disease (PH-ILD; WHO Group 3) to improve exercise ability. The study establishing effectiveness predominately included patients with etiologies of idiopathic interstitial pneumonia (IIP) (45%) inclusive of idiopathic pulmonary fibrosis (IPF), combined pulmonary fibrosis and emphysema (CPFE) (25%), and WHO Group 3 connective tissue disease (22%).
SELECTED SAFETY INFORMATION: WARNINGS AND PRECAUTIONS
- Treprostinil is a pulmonary and systemic vasodilator. In patients with low systemic arterial pressure, treatment with Treprostinil may produce symptomatic hypotension.
- Treprostinil inhibits platelet aggregation and increases the risk of bleeding.
- Co-administration of a cytochrome P450 (CYP) 2C8 enzyme inhibitor (e.g., gemfibrozil) may increase exposure (both Cmax and AUC) to treprostinil. Co-administration of a CYP2C8 enzyme inducer (e.g., rifampin) may decrease exposure to treprostinil. Increased exposure is likely to increase adverse events associated with treprostinil administration, whereas decreased exposure is likely to reduce clinical effectiveness.
- Like other inhaled prostaglandins, YUTREPIA may cause acute bronchospasm. Patients with asthma or chronic obstructive pulmonary disease (COPD), or other bronchial hyperreactivity, are at increased risk for bronchospasm. Ensure that such patients are treated optimally for reactive airway disease prior to and during treatment.
- Most common adverse reactions with YUTREPIA (≥10%) are cough, headache, throat irritation and dizziness.
Prescribing Information and Instructions for Use for YUTREPIA (treprostinil) inhalation powder are available at YUTREPIA.com.

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

About HealthCare Royalty
HealthCare Royalty is a leading royalty acquisition company focused on commercial or near-commercial biopharmaceutical products. With offices in Stamford, Conn., San Francisco, Boston, London and Miami. HCRx has invested $5+ billion in over 90 biopharmaceutical products since inception. For more information, visit https://www.hcrx.com. HEALTHCARE ROYALTY® and HCRx® are registered trademarks of HealthCare Royalty Management, LLC.

Cautionary Statements Regarding Forward-Looking Statements
This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical facts, including statements regarding our future results of operations and financial position, our strategic and financial initiatives, our business strategy and plans and our objectives for future operations, are forward-looking statements. Such forward-looking statements, including statements regarding clinical trials, clinical studies and other clinical work (including the funding therefor, anticipated patient enrollment, safety data, study data, trial outcomes, timing or associated costs), regulatory applications and related submission contents and timelines; our ability to successfully commercialize our products, including YUTREPIA, for which we obtain FDA or other regulatory authority approval; the acceptance by the market of our products, including YUTREPIA, and their potential pricing and/or reimbursement by third-party payors, if approved (in the case of our product candidates) and whether such acceptance is sufficient to support continued commercialization or development of our products; the successful development or commercialization of our products, including YUTREPIA; our revenue from product sales and whether or not we may become profitable in the near term, or at all; future competitive or other market factors that may adversely affect the commercial potential for YUTREPIA; and our ability to execute on our strategic or financial initiatives, involve significant risks and uncertainties and actual results could differ materially from those expressed or implied herein. Despite the approval of YUTREPIA by the FDA, it is possible that commercialization of YUTREPIA may be blocked or delayed in connection with legal proceedings that have been initiated or that may in the future be initiated, or we may be required to pay damages, including royalties, in connection with our commercial launch, as a result of these legal proceedings. We may be unable to achieve the net sales milestone necessary to receive additional funding under the HCRx agreement and, even if we do achieve the net sales milestone, additional funding is contingent upon the agreement of both HCRx and us. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “would,” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of risks discussed in our filings with the SEC, as well as a number of uncertainties and assumptions. Moreover, we operate in a very competitive and rapidly changing environment and our industry has inherent risks. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the future events discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that these goals will be achieved, and we undertake no duty to update our goals or to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

Tyvaso® is a registered trademark of United Therapeutics Corporation.

Contact Information

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

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

The MIL Network –
June 24, 2025
MIL-OSI: Service CU Launches Service Ventures to Drive Innovation in the Credit Union Ecosystem

Source: GlobeNewswire (MIL-OSI)

PORTSMOUTH, N.H., June 23, 2025 (GLOBE NEWSWIRE) — Service Ventures, an independent investment arm of Service Credit Union, has officially launched to allow the credit union to drive its mission of improving members’ financial well-being while also helping their experience.

Service Ventures invests in solutions that empower credit unions to deliver exceptional member experiences. The firm seeks partnerships with startups that share a commitment to enhancing service, accessibility, and operational excellence across the credit union landscape.

In its early stage, Service Ventures has already made strategic investments in several innovative companies, including member engagement platform Larky, deposit management solution Modern FI CUSO, conversational AI assistant Posh AI, and wealth technology company WealthCabinet. More information on each of these companies can be found at service.vc/portfolio.

Service Ventures is led by General Partner Brian Regan. Before joining Service Ventures in 2024, Brian co-founded Strake, a cloud optimization company. Prior to that, Brian worked for VMWare’s Security Business Unit, where he focused on mergers and acquisitions, partnerships, and business planning initiatives.

“Service Ventures will fuel the next generation of companies that help credit unions better serve their members,” Regan said. “We’re focused on ethical, member-first solutions and are excited to bring visionary founders into the fold of opportunity within the cooperative banking space.”

About Service Ventures

Service Ventures is the independent venture capital arm of Service Credit Union, a $6+ billion financial institution serving more than 350,000 members worldwide. Service Ventures invests in innovative financial technology companies that align with the credit union philosophy of people helping people and fosters partnerships that drive meaningful impact across the financial services landscape.

About Service Credit Union

Service Credit Union is dedicated to providing a banking experience that improves our members’ lives and the communities in which they live. Established in 1957 to provide affordable credit to the Pease Air Force Base community, and now the largest credit union in New Hampshire, with over $6 billion in assets and 50 branch locations in the New England Region and Germany, we continue to provide a better future to our members all over the world. To learn more about Service Credit Union, please visit www.servicecu.org.

Contact:
Chris Banker
cbanker@servicecu.org (603) 923-0904

The MIL Network –

June 24, 2025
MIL-OSI: ILUS Provides Shareholder Podcast Update on Strategic Progress Across Its Portfolio Companies
Source: GlobeNewswire (MIL-OSI)

NEW YORK, NY, June 23, 2025 (GLOBE NEWSWIRE) — Ilustrato Pictures International Inc. (OTC: ILUS) (“ILUS” or the “Company”), a mergers and acquisitions company focused on acquiring and scaling businesses in the public safety and industrial sectors, today released a shareholder podcast updating its progress, strategic shifts, and operational milestones across its portfolio companies.

ILUS shared key updates regarding operational restructuring, financial improvements, and strategic goals as it enters a new phase of focused, scalable growth.

To listen to the full shareholder podcast, please visit: https://youtu.be/d5DA9IPffK0

ILUS Company Overview: Reset, Refocus, and Rebuild

After navigating two challenging years in 2023 and 2024, ILUS is entering a new chapter of strategic growth and consolidation. Key themes from the shareholder podcast included:
- Audits: ILUS and SAML have transitioned to a U.S.-based auditing firm, enhancing compliance and aligning with future uplisting goals. The company is currently finalizing a comprehensive two-year re-audit and related consolidations to bring all financial filings fully up to date.
- Business Model Realignment: ILUS has restructured several legacy operations and consolidated its footprint, including relocating core operations to a central facility in Jacksonville, Florida, to streamline production and reduce costs.
- Strategic Value Creation: ILUS continues to evaluate uplist, spinoffs, partnerships, and dividend-based structures to unlock and return shareholder value.
ILUS also highlighted its positions in external entities, including Fusion Fuel Green PLC (Nasdaq: HTOO). Additionally, the podcast introduced ILUV Capital, a business development company (BDC) under consideration that may operate alongside ILUS to deliver alternative pathways for a return for ILUS Shareholders should it materialize.

Portfolio Highlights

SAML to ILUS Industries Transition

SAML, an ILUS portfolio company, is currently undergoing a rebranding process:
- A name change to ILUS Industries is underway.
- Nick Link is serving as interim CEO, with the search for a permanent CEO currently in progress.
- ILUS Industries will provide a focused platform for vertical growth and additional merger activity.
Emergency Response Technologies (ERT)

Will sit as a subsidiary under ILUS Industries, controlled by ILUS Industries

ERT remains a core pillar of ILUS’s strategy, advancing innovation in the fire, public safety, and industrial markets.
- Firebug Product Line: Production is underway at the Jacksonville facility, focused on wildfire response, battery fire suppression, and public safety, which will also alleviate any tariff risk.
- E-Raptor EV Range: The desk top R&D and new design of the new electric vehicle are complete. Production will begin in Serbia, with partial U.S. assembly at ILUS’s Jacksonville site.
- Expansion into Vertical Markets: ERT is actively developing distribution networks and product offerings in the industrial, safety, and agricultural sectors for this product and will seek an acquisition of a distribution network for this product.
Fusion Fuel Green (HTOO)

ILUS recently completed the sale of QIND to Fusion Fuel Green PLC (Nasdaq: HTOO):
- As part of the realignment, JP Backwell transitioned from SAML to assume the role of CEO at HTOO.
- ILUS now holds approximately 35 million shares of Nasdaq-listed HTOO equity as an asset on its Balance Sheet while:
  - The transaction eliminated QIND’s debt from ILUS’s balance sheet and relieved ILUS of related consolidation and reporting burdens.
  - ILUS retains indirect exposure to QIND’s future performance.
Replay Solutions (Resource Recovery & E-Waste)

A wholly owned subsidiary of ILUS Industries

Replay is now launching its environmentally sustainable operations:
- E-waste processing is set to begin in Serbia, with future expansion planned into additional regions, including Egypt, the UAE, and later the USA in 2026.
- Equipment and machinery have been manufactured and are awaiting shipment to operational locations.
- Has signed a non-binding Memorandum of Understanding (MOU) with a Dubai-based refinery for the potential acquisition of a substantial volume of marine sludge oil, intended for processing into recycled oil products and lubricants. Additionally, Replay is conducting due diligence on a second acquisition target. There is no guarantee that either of these acquisitions will materialize.
- Research and development are underway for a tyre pyrolysis facility to diversify Replay’s recycling capabilities, for the conversion of tyres into oil and lubricants.
Strategic and Financial Outlook
- ILUS has materially strengthened its financial position through the QIND/ HTOO transaction and strategic restructuring.
- The organization now manages a portfolio of increasingly bankable businesses supporting improved capital access.
- With enhanced balance sheet strength and operational scale, ILUS is increasingly improving and readying itself for a potential IPO or uplist in the future.
- ILUS intends to establish a BDC company called As ILUV Capital either within ILUS or standalone, with ILUS Shareholders receiving benefits in some way to be defined. As this matures, ILUS may be in a position to explore dividends or share buybacks, consistent with its vision of long-term shareholder return.
Summary and Closing Remarks
- ILUS has postponed the upcoming shareholder meeting to ensure stronger participation and alignment.
- With two difficult years behind it, ILUS is focused on ensuring the next three years reflect sustained growth, transparency, and execution.
- ILUS management expressed gratitude for shareholders’ support and patience and looks forward to connecting in person during planned meetings later this year.
For further information on ILUS, please see its communication channels:

Website: https://ilus-group.com
X: @ILUS_INTL
Email: IR@Ilus-Group.com
Source: ILUS

Contact:
IR@Ilus-group.com
(917) 522-3202)

Forward-Looking Statement

Certain information set forth in this press release contains “forward-looking information”, including “future-oriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company’s business, projects, and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company’s projects; (vi) completion of the Company’s projects that are currently underway, in development or otherwise under consideration; (vii) renewal of the Company’s current customer, supplier and other material agreements; and (viii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. The Securities and Exchange Commission (“SEC”) has provided guidance to issuers regarding the use of social media to disclose material nonpublic information. In this regard, investors and others should note that we announce material financial information via official Press Releases, in addition to SEC filings, press releases, Questions & Answers sessions, public conference calls, and webcasts also may take time from time to time. We use these channels as well as social media to communicate with the public about our company, our services, and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, considering the SEC’s guidance, we encourage investors, the media, and others interested in our company to review the information we post on the following social & media channels: Website: https://ilus-group.com X: @ILUS_INTL

The MIL Network –
June 24, 2025
MIL-OSI: dLocal announces appointment of Independent Board Member

Source: GlobeNewswire (MIL-OSI)

MONTEVIDEO, Uruguay, June 23, 2025 (GLOBE NEWSWIRE) — DLocal Limited (“dLocal”, “we”, “us”, and “our”) (NASDAQ:DLO), a technology-first payments platform, today announced the appointment of Will Pruett as an Independent Board Member and well as a member of our Audit Committee, effective July 1, 2025. With his extensive expertise in capital markets and emerging markets, Mr. Pruett will play a key role in strengthening the Board’s ability to guide dLocal’s growth and scalability.

“We are thrilled to welcome Will Pruett to our Board of Directors,” said Eduardo Azar, Chairman of dLocal. “His deep knowledge of capital market dynamics and investment strategies, combined with his extensive experience across Latin America, Asia, and Africa, will be invaluable as we continue to expand our business and deliver value to our stakeholders.”

Mr. Pruett serves as an independent board member of PicPay, one of the largest Brazilian digital banks. Previously, Mr. Pruett served at Fidelity Investments for 16 years (from 2008 to 2025), where he was a portfolio manager for the Fidelity Latin America Fund (FLATX), Fidelity Emerging Markets Opportunities Fund (FEMSX) and Fidelity Total Emerging Markets Fund (FTEMX). Prior to Fidelity, Mr. Pruett worked at HSBC, where he held roles in retail credit and e-commerce across Asia, Europe and Latin America. Mr. Pruett holds a master’s degree in Business Administration from the Harvard Business School and a degree in Economics from the University of Chicago.

“His expertise and perspectives will undoubtedly add depth to board discussions and help drive long-term shareholder value. We warmly welcome Mr. Pruett and look forward to his meaningful contributions as we continue to unlock the power of emerging markets for our merchants,” added Eduardo Azar.

This appointment underscores dLocal’s dedication to effective governance and leveraging a diversity of viewpoints to drive growth strategies.

Additionally, dLocal announces that Mariam Toulan’s term as Independent Director on the Board of Directors will conclude on June 30, 2025. Ms. Toulan has been a valued member of the Board, and the company expresses its gratitude for her contributions, dedication, and wisdom during her tenure. We wish her all the best in her future endeavors.

About dLocal
dLocal powers local payments in emerging markets, connecting global enterprise merchants with billions of emerging market consumers in more than 40 countries across Africa, Asia, and Latin America. Through the “One dLocal” platform (one direct API, one platform, and one contract), global companies can accept payments, send pay-outs and settle funds globally without the need to manage separate pay-in and pay-out processors, set up numerous local entities, and integrate multiple acquirers and payment methods in each market.

Investor Relations Contact:
investor@dlocal.com

Media Contact:
media@dlocal.com

The MIL Network –

June 24, 2025
MIL-OSI Canada: SGI Delivers Steady Fiscal Management in 2024-25
Source: Government of Canada regional news

Released on June 23, 2025

SGI has released its 2024-25 Annual Reports, detailing a year marked by resilience, innovation, strategic investments, and a continued commitment to community safety and customer service.

“In 2024-25, SGI faced economic pressures, caused by rising claim costs, inflation, higher vehicle repair costs and extreme weather,” Minister Responsible for SGI Jeremy Harrison said. “Despite this, SGI’s strategic investment approach delivered affordable auto insurance rates and an $18.0 million dividend to support our government’s investments in services and infrastructure that benefit Saskatchewan families, communities and businesses.”

Saskatchewan Auto Fund*

Despite challenges, the Auto Fund maintained its commitment to affordability, customer service and traffic safety.

Auto Fund highlights for 2024-25 include:
- $1.170 billion in total net claims incurred.
- $1.127 billion in gross premium written.
- $181.1 million in discounts to customers through the Safe Driver Recognition (SDR) and Business Recognition programs.
- $257.7 million in investment earnings.
- The Auto Fund continued to provide customers among the lowest auto insurance rates, on average, in Canada.
- The Provincial Traffic Safety Fund grant program awarded $2.9 million in grants to 137 Saskatchewan community projects for road safety improvements.
- $726.9 million in the Rate Stabilization Reserve, after a reduction of $198.0 million.
*The Saskatchewan Auto Fund is the self-sustaining, compulsory auto insurance plan administered by SGI on behalf of the province. The Auto Fund operates on a break-even basis over time.

SGI CANADA**

SGI CANADA reported solid financial performance, achieving net income of $43.2 million. This allowed the company to return a dividend of $18.0 million to the people of Saskatchewan.

Other SGI CANADA highlights in 2024-25:
- $1.425 billion in gross premium written.
- Premium growth of 3.8 per cent (all provinces).
- $132.9 million in investment earnings.
- $97.3 million in net catastrophe claim losses.
- A multi-year, $2.0 million commitment to YWCA Regina to help fund the healing lodge at the new kikaskihtânaw Centre for Women and Families.
**SGI CANADA is the competitive side of SGI, offering property and casualty insurance in Saskatchewan, Alberta, Manitoba, Ontario and British Columbia. SGI CANADA sells products through a network of close to 300 brokers who operate in more than 1,800 locations.

To see SGI’s full annual reports, visit:

Auto Fund: sgi.sk.ca/news-title=2024-25-financial-statements.

SGI CANADA: sgicanada.ca/news-title=2024-25-financial-statements.

-30-

For more information, contact:

Heather Hubic
SGI
Regina
Phone: 306-751-1837
Email: mediainquiries@sgi.sk.ca
Cell: 306-510-0404

MIL OSI Canada News –
June 24, 2025
MIL-OSI USA: New Hampshire Congressional Delegation Welcomes More than $7 Million for Granite State Projects Through Northern Border Regional Commission

US Senate News:

Source: United States Senator for New Hampshire Jeanne Shaheen

Grantee

Purpose

Amount

Coos County Family Health Services

To relocate and expand Coos County Family Health Services’ existing North Country dental clinic to a location in downtown Berlin. This new construction is the result of increased demand from the expansion of the adult Medicaid dental benefits in New Hampshire in 2023. The facility will be approximately 3,000 square feet, fully handicapped accessible, equipped for the work of visiting dental surgeons or other specialists, and feature space for student training of dental professionals.

$222,437

HealthFirst Family Care Center

To renovate a recently acquired 2200 sq ft neighboring building, and connect it to their 7500 sq ft existing facility. This expansion is motivated by the 200 new patient requests per month that HealthFirst received in 2024. In the same year, the Franklin location served 3,054 patients with 7,961 visits. Of these patients, 1,679 were low-income. The expansion will add 5-10 permanent new full-time positions.

$1,000,000

Town of Boscawen – Feasibility Study

The Town of Boscawen is pursuing funds from the NH Park’s Land & Water Conservation Fund, for which they have received preliminary approval. This feasibility project will produce an engineered site plan, surveying, architectural services, and meet other technical requirements for the grant. Through the full funding from NHDP, the project will culminate in a 50×30′ timber framed outdoor picnic pavilion, a Merrimack River overlook, new restroom facilities, major redesign and reconstruction of the park access road, additional parking, and full ADA accessibility to existing and new facilities.

$39,000

Franconia Children’s Center

Franconia Children’s Center will acquire the building they have rented for over a decade and renovate that building to bring it up to current standards. This will allow them to add 30 new childcare slots. They are one of four centers within a 30-mile radius that accepts children under the age of three. Their service area includes 73 employers. Without acquisition, the trust that owns the building will sell the property and displace the childcare center, preserving an important childcare resource in the Franconia area.

$428,629.72

Town of Newport- Unity Road Waterlines

The Town of Newport will continue a Phase 2 replacement of water lines on Unity Road, with the final goal of replacing nearly 4000 feet of line. Much of the existing system is over 100 years old, with some portions having been replaced in the 1960s. This water line is the sole water distribution system connecting the Gilman Pond and Pollards Mill sources to the downtown. It serves over 1600 homes and businesses, including Sturm Ruger, a local employer that employees 1200 people in the region.

$512,000

New Hampshire Boat Museum

The NH Boat Museum will renovate their 6,500 sq ft main floor, to include community educational and meeting spaces, flexible exhibition spaces, offices, and conference areas. This is a Phase 2 renovation, building on a successful Phase 1 renovation in 2024 that increased their number of visitors, group tours, and venue events by 50%. The renovation will allow the museum to accept new community space uses, for which they presently do not have capacity. In addition to community meeting space, the renovation would allow for year-round operation of the museum. The facility is located in Moultonborough’s West Village Overlay District, slated for further economic and housing development.

$250,000

Littleton Community Center

Littleton Community Center will renovate the carriage house adjacent to their main house behind Main St in Littleton. This project will revitalize the carriage house, repairing the roof and some structural issues, as well as work on the grounds and the installation of energy efficient HVAC, gutters, fire/security systems, and internet/ AV utilities. This will enable the community center to host large events of between 50-100 people.

$1,000,000

Town of Bow – Bow Mills Redevelopment Feasibility Project

This project would determine the feasibility of a municipal water line extension, to activate 175 acres of developable land in the South St/Exit 1 area of Bow. Funds will support public engagement processes to better understand community priorities around the types of development planned. This project seeks to capitalize on the NH DOT I-89 Exit 1 redesign and reconstruction, which would construct direct driveway access to the development area from the exit ramp.

$52,265

Franklin Pierce University

Franklin Pierce University will expand their wastewater treatment facilities in light of new environmental regulations, adding a third Rapid Infiltration Basin. This will increase their capacity for future occupancy and usage. Franklin Pierce currently enrolls around 1000 undergraduate students annually, 250 of whom are receiving training for healthcare roles in nursing, as physicians’ assistants, and in physical therapy.

$960,000

Town of Groton – Salt and Sand Sheds

The Town of Groton will construct salt and sand sheds on the property of their recently USDA funded Public Works Building. The Public Works Building was originally slated to include these sheds, but budget constraints resulted in the project being phased, to pursue additional funding. Relocation of their sheds and public works building became necessary following increased flooding in their current location.

$125,000

Town of Plymouth – Low Service Zone Tank Replacement

The Town of Plymouth will replace one of two large water tanks serving numerous businesses, various public service providers, a significant portion of Plymouth State University’s campus, and most shops and restaurants along Main St. The 2.5-million-gallon concrete storage tank receives water pulled up by a well pumping facility. It was constructed in 1972 and relined in 2009, but a 2015 assessment demonstrated significant deterioration, and a 2023 assessment showed critical deterioration.

$1,000,000

Partnership for Public Health

The Partnership for Public Health will renovate their existing community public health building in Laconia to make it ADA-compliant, install new electrical & HVAC systems and enhance operational security through both physical security systems and a generator. This renovation will ultimately reduce operational costs, increase their capacity, and improve emergency response capabilities for the emergency preparedness group hosted by PPH. In addition, PPH offers health education, drug use prevention, chronic disease management, and resource navigation programs.

$399,050

Newport Chamber of Commerce

The Newport Chamber of Commerce will renovate their historic railroad station, built in 1897, into a Welcome Center and home for the Chamber of Commerce, which presently has no dedicated space in the town. The railroad station is located just behind the center of Newport’s Main Street. The renovation will include a rental space to support the costs of maintaining the building, and as a community resource and meeting space. The project will bridge the Town’s Main Street to other local amenities, such as the Community Center, Meadow Park, Community Garden, Dog Park, and the Newport-Claremont rail trail.

$500,000

Main Roof Replacement – John Hay Estate at the Fells

The Fells nonprofit will replace the roof of the Main House at the John Hay Estate, built in 1891. The roof was last replaced in the early 1990s. This project would shingle the roof in historical wood shingles and fix sections of copper roofing. The Estate hosts arts events, educational programs, weddings and ceremonies, and family festivals. Open to the public year-round, the estate has around 10,000 visitors each year. In addition to the property being open for nature hikes, they host around 30 classes, workshops and other programs annually, specializing in ecology, nature, horticulture, history, and art.

$127,200

MIL OSI USA News –

June 24, 2025
MIL-OSI Europe: Press release – Green claims: Committee Chairs react to cancellation of negotiations

Source: European Parliament

Following the Commission’s announcement it intends to withdraw the legislative proposal on green claims, the Council decided to cancel talks with Parliament scheduled for today.

Anna Cavazzini (Greens/EFA, DE), Chair of the Committee on Internal Market and Consumer Protection, and Antonio Decaro (S&D, IT), Chair of the Committee on the Environment, Climate and Food Safety, commented on this last-minute cancellation:

“Less than three hours before the start of the final trilogue, we learned of the Presidency’s unwillingness to engage in negotiations with the Parliament and the Commission, because of the Commission’s recent announcements and the change of positions within the Council itself.

“This modus operandi could set a dangerous precedent for the legislative process and institutional procedures, leading to unnecessary and avoidable confrontation among co-legislators. We do not believe it is fair to deprive Parliament of the opportunity to finalise the negotiations on a directive after two years of legislative process and countless hours of work.

“We are thus being prevented from discussing and hopefully agreeing on an important directive that serves to build environmental awareness and consumer trust by making environmental marketing claims more reliable and verifiable. What’s more, fighting greenwashing would create a more level playing field for businesses that already work sustainably.

As Chairs of the responsible committees at the European Parliament, we are ready to continue negotiations as soon as possible by resuming the institutional dialogue.”

Parliament’s co-rapporteurs Sandro Gozi (Renew, FR) from the Committee on Internal Market and Consumer Protection and Tiemo Wölken (S&D, DE) from the Committee on the Environment, Climate and Food Safety also responded to the decision during a press conference today where they explained their position and answered media questions. See the recording here.

MIL OSI Europe News –

June 24, 2025
MIL-OSI USA: Rep. Dan Goldman Demands Transparency Around Immigration Proceedings for Unaccompanied Minors

Source: US Congressman Dan Goldman (NY-10)

REP. DAN GOLDMAN DEMANDS TRANSPARENCY AROUND IMMIGRATION PROCEEDINGS FOR UNACCOMPANIED MINORS

Trump’s March Attempt to Terminate Federally Funded Legal Aid for Unaccompanied Migrant Children Has Thrown System into Disarray

Juvenile Dockets Safeguard Unaccompanied Children from Trafficking, Exploitation, and Abuse

Read Letter Here

Washington D.C. – Congressman Dan Goldman (NY-10) led 77 of his colleagues in sending a bipartisan letter to the House Appropriations Subcommittee to direct the Department of Justice’s Executive Office for Immigration Review (EOIR) to submit a report to Congress detailing the status of unaccompanied children’s immigration proceedings. The letter also asks the Committee to include language in its FY2026 report encouraging EOIR to continue using specialized juvenile dockets to improve fairness, efficiency, and child protection in immigration court proceedings.

“The immigration courts have a critical role to play in administering justice efficiently while maintaining standards that ensure due process, which can be especially difficult in proceedings where children are the sole or principal respondent. Utilization of specialized juvenile dockets with robust anti-trafficking safeguards and child-appropriate accommodations can both help protect children from dangers and achieve much needed efficiency benefits for the backlogged immigration courts, all while improving due process in children’s cases,” the Members wrote.

Children as young as two are often left to navigate America’s complex and unforgiving immigration system entirely on their own, exposing them to serious risks of abuse, human trafficking, and long-term harm. Earlier this year, Donald Trump terminated the federal contract that provided critical legal assistance to these unaccompanied migrant children, stripping away one of their few remaining protections for over 26,000 unaccompanied migrants. The Members asked for the following language to be included in the FY26 federal budget:

“The Committee encourages EOIR to continue using specialized juvenile dockets across the immigration courts to improve the fairness and efficiency of immigration adjudications involving unaccompanied children, better protect those children against trafficking and exploitation, and connect children with legal assistance. The Committee directs EOIR to submit a report to the Committee, within 180 days of enactment of this act, detailing the status of unaccompanied children’s immigration proceedings.”

Congressman Dan Goldman has consistently fought to ensure unaccompanied minors receive support and proper legal representation when navigating the U.S. immigration system.

Congressman Goldman was instrumental in prompting the Biden Administration’s Executive Office for Immigration Review (EOIR) to release new guidance for children’s immigration proceedings. This guidance established specialized children’s dockets in every immigration court, overseen by dedicated judges.

The Biden Administration’s Executive Order followed the introduction of Congressman Goldman’s Children’s Court Act, which intended to reduce the immigration court backlog and strengthen due process rights for children.

In March 2025, President Trump terminated federal funding for legal services that protected and provided legal aid to over 26,000 unaccompanied migrant children.

Read the letter here or below:

Dear Chairman Rogers and Ranking Member Meng:

As your committee considers appropriations for Commerce, Justice, Science and Related Agencies for Fiscal Year (FY) 2026, we urge you to direct the Department of Justice’s Executive Office for Immigration Review (EOIR) to submit a report to Congress detailing the status of unaccompanied children’s immigration proceedings.

The immigration courts have a critical role to play in administering justice efficiently while maintaining standards that ensure due process, which can be especially difficult in proceedings where children are the sole or principal respondent. The immigration courts are also an important element of creating a system that ensures unaccompanied children are protected from dangers like human trafficking, exploitation, and abuse. Utilization of specialized juvenile dockets with robust anti-trafficking safeguards and child-appropriate accommodations can both help protect children from dangers and achieve much needed efficiency benefits for the backlogged immigration courts, all while improving due process in children’s cases.

In December 2023, EOIR clarified in the Director’s Memorandum on Children’s Cases in Immigration Court that each immigration court would have a specialized juvenile docket for cases where the sole or principal respondent was under 21 years old. These dockets would be held separately from adult cases and would be overseen by judges who receive specialized training. The Memorandum also outlined certain procedures and practices that immigration judges should follow to create a system where children could better comprehend their proceedings; where indicators of trafficking would be identified; and through which the courts could work towards streamlining benefits.

Unfortunately, EOIR rescinded the Director’s Memorandum this year and reinstated 2017 guidance that offers fewer trafficking safeguards, efficiency benefits, and pragmatic processes. This change threatens to create unnecessary delays which further exacerbate the severe immigration court backlog. It also diminishes critical safeguards designed to ensure that children can seek relief for which they may be eligible and that they comply with their immigration responsibilities, including updating their address with government agencies.

Given the important role of Congress in overseeing the immigration courts’ handling of juvenile proceedings, we ask the Committee to include the following language in its report:

The Committee encourages EOIR to continue using specialized juvenile dockets across the immigration courts to improve the fairness and efficiency of immigration adjudications involving unaccompanied children, better protect those children against trafficking and exploitation, and connect children with legal assistance. The Committee directs EOIR to submit a report to the Committee, within 180 days of enactment of this act, detailing the status of unaccompanied children’s immigration proceedings. This report shall address: the name and number of immigration courts implementing juvenile dockets; training that has been provided to juvenile docket judges; any restrictions imposed on judges’ ability to use docket management tools for children’s proceedings; methods that courts are using to facilitate legal representation for children; and other relevant matters, as appropriate.

We appreciate your consideration of this important issue.

###

MIL OSI USA News –

June 24, 2025
MIL-OSI Banking: AI at Work: Harvard’s Karim Lakhani on how AI is shifting from tool to ‘teammate’

Source: Microsoft

Headline: AI at Work: Harvard’s Karim Lakhani on how AI is shifting from tool to ‘teammate’

Harvard Business School Professor Karim Lakhani doesn’t just have theories about AI transforming work—he studies how it’s actually happening.

In a groundbreaking paper called “The Cybernetic Teammate,” he and his co-authors showed how individuals working with AI can be as effective as entire teams working without it. He is also rapidly evolving Harvard’s MBA program for the age of AI, which includes the launch of a new required course called Data Science and AI for Leaders.

When I hosted Karim for a conversation at the Microsoft 365 Community Conference last month in Las Vegas, he raised a provocative question: will AI drive the marginal cost of expertise down toward zero? As AI democratizes access to specialized knowledge across domains, it follows that expertise will shift from being rare and costly to abundant and accessible. “This will dramatically impact the nature of our organizations and strategy,” he told me, “because what are companies but bundles of expertise? And all of us invest to become deep experts in a domain.”

Here’s our conversation about organizations and leadership in the AI era (edited and condensed for clarity).

It’s a pleasure to talk with one of my friends about where AI is going and what it means for leaders. Karim, I want to start with that “Cybernetic Teammate” study, done with Procter & Gamble. Could you give us the backstory?

KARIM LAKHANI: The institute I run at Harvard, the Digital Data Design Institute, is looking at generative AI like a new “drug” in the economy. We don’t know its efficacy, the right doses, the side effects, or the right diet to follow while using it. We don’t know how actual work will transform with the introduction of this technology, so we run the equivalent of “clinical trials”—randomized controlled trials.

Victor Aguilar, head of research and development for Procter & Gamble, wanted to understand how generative AI could radically transform the innovation process at P&G. In innovation, there’s often this interaction between R&D and commercial people: R&D comes up with the technical ideas, but the commercial team asks, “is there a market for this or not?” The best practice is to have them collaborate in a team.

We designed this study of 758 professionals as what we call a two-by-two design: We had commercial and marketing folks work on challenges given by their business leaders—one group working without AI and one with AI. We also tested individuals under the same conditions. Then we randomized who was in which treatment and had them solve their problems with those tools.

Let’s talk about the results. This is the study that showed an individual equipped with AI could perform at least as well as—and sometimes outperform—entire teams of people without AI. It’s a landmark finding. Can you tell us about that?

LAKHANI: What does a teammate provide? They provide you with functional expertise, help you with coordination, and give you a sense of camaraderie. We measured these three elements remotely using Microsoft Teams as the platform.

The first finding was that when you look at pure performance, the quality of the ideas being created, individuals with AI were as good as a team without AI—and often as good as a team with AI. That was remarkable from our perspective.

The other interesting thing we saw was that individuals without AI tended to veer toward their functional expertise: marketing people gave marketing-based solutions, R&D people offered R&D-based solutions. But individuals with AI produced balanced solutions—comparable to the balanced solutions we saw from teams. That was a big moment for us.

Were there any other surprises in how people used AI, reframed their work, or wanted to use it going forward?

LAKHANI: We had done various studies before showing the productivity effects of AI, in terms of both quality and time. The time compression was actually quite remarkable. Teams normally experience a time penalty [because coordination takes time]. But with AI, that time penalty disappeared.

That was a big surprise. Another surprise was how people felt while using AI. They reported more positive emotions and fewer negative ones as they were doing the work.

The big aha for us was that AI shifted from being a tool to a teammate. This is unprecedented. We now have intelligence and expertise on tap.

I imagine what’s on people’s minds is, “I get it. I understand where the technology is…but what does this mean for me? What do I do as a leader?” What advice might you have for the group?

LAKHANI: Do you remember debates about whether we should have Wi-Fi in our offices? I’m sure some of you participated in them. The question maybe went up to your boards. Or remember the question, “Should employees have browsers? Access to global information?”

Those things didn’t fundamentally change the nature of work. But intelligence on demand, expertise on demand—these technologies are about work itself. You need to drive as much organizational transformation as technical transformation. We often say it’s 30% tech, 70% organization. Staple yourselves to your HR teams. Or have Copilot teach you the things about HR that you should know. It creates great tutorials, as you know. That’s the first thing.

Second: People are worried—really worried—about these technologies. That’s part of the conversation you need to have. How do we have an abundance mindset around this? What are the capability unlocks? Again, these are things that technology leaders have not typically been asked about. But you need to own it and engage in a conversation with your leaders and teammates about it.

Third: This type of change has to come from the top. I came up in the era of Wired magazine and Fast Company in the 1990s, when the internet came to workplaces. Fast Company was all about change agents. But change agents get massacred in most corporations. Why? Because if there’s no top-down buy-in, the change agents die on the vine. The key for us here is to make sure our top leaders understand this and see AI as a work and business technology, not as an information technology. Leaders in companies need to “do AI” (use Copilot as a thought partner all the time, build their own agents) as much as they “talk AI.”

Is there any last concept or idea that you feel has been left unsaid?

LAKHANI: Well, if I was good at predicting the future, I would be in the stock market, not academia. I tend to be very much an empiricist: I’ll come in with a discovery mindset, we’ll run the experiment, and then we’ll get the facts. But I’d love to offer a framing around this intelligence view.

I decided to become an academic in the 1990s when I discovered open-source software. We’re at the same juncture now. This stuff works in practice, but our management theories or economic theories don’t know how to handle this kind of technology.

Think back to the ‘90s again, when the browser became available. What did the browser and the internet really do? Essentially, they lowered the marginal cost of information transmission. If you go on a Teams call today with a global or national team, you don’t think twice about all the videos that are coming in. Thirty years ago, every one of us would have needed a camera operator, a sound operator, a satellite truck uplink, and a downlink. This would be prohibitively expensive. But today, the marginal cost of information transmission has gone down to zero, and we can seamlessly connect with anyone or any device globally.

In this moment, we’re predicting the same thing for expertise: the marginal cost of expertise is going to zero.

The clinical trials with our collaborative partners (Boston Consulting Group and P&G) are pointing in this direction, and this will dramatically impact the nature of our organizations and strategies. Because what are companies but bundles of expertise? We have finance, marketing, sales, R&D, and brand. You have all this expertise. As that cost of expertise drops, what a company does—what all of our roles are—is all up for invention and reinvention.

The direction of this change is up to all of us. We can’t just be the receivers of it; we have to understand what’s happening and then set the direction for ourselves and our companies.

Listen to Karim Lakhani’s recent appearance on the WorkLab podcast. For more insights about AI and the future of work, subscribe to this newsletter

MIL OSI Global Banks –

June 24, 2025
MIL-OSI USA: Sens. Markey, Wyden Demand Information on Government’s Use of AI and Other Technology to Label People as National Security Risks

US Senate News:

Source: United States Senator for Massachusetts Ed Markey
State/DHS Letter Text (PDF) | GAO Letter Text (PDF)
Washington (June 20, 2025) – Senator Edward J. Markey (D-Mass.), a member of the Commerce, Science, and Transportation Committee, and Senator Ron Wyden (D-Ore.) today led their colleagues in two letters about the government’s use of artificial intelligence (AI) and other technologies to determine whether an individual poses a national security risk.
The lawmakers write to Secretary of State Marco Rubio and Secretary of Homeland Security Kristi Noem, urging the Trump administration to reverse its decision to expand its social media screening of visa applicants. Those policy changes appear intended to chill dissent, discriminate against particular viewpoints, and punish individuals for speech the Administration finds objectionable. In another letter, the lawmakers wrote to the Government Accountability Office, requesting that it investigate how the Department of Homeland Security and the Department of Justice are using AI technologies to label individuals as potential threats to the public, including automated analysis of content people post online. The letters were also signed by Senators Cory Booker (D-N.J.), Chris Van Hollen (D-Md.) and Peter Welch (D-Vt.).
In their letter to Secretaries Rubio and Noem, the lawmakers write, “Although the national security benefits of social media screening may be unproven, the costs are very real. The wide-scale collection of social media information violates the free expression rights of foreigners and American citizens, infringes on applicants’ personal privacy, creates unnecessary processing delays, and creates risks of abuse and discrimination…Even in an administration intending to conduct social media screening in a fair and unbiased manner, the risks of mistakes are high. In an administration with malign intentions, these social media screening tools guarantee abuse.”
The lawmakers continued, “We are deeply concerned that State and DHS’s respective new policies around social media screening are a thinly veiled effort to discriminate against visa applicants and other noncitizens seeking to pursue their studies or obtain asylum or lawful residence in the United States.”
The lawmakers request answers by July 9, 2025, to questions including:
Please provide any studies, analyses, audits, or other examination of the social media collection, screening, and vetting programs at State or DHS conducted between December 15, 2015, and the date of this letter.
Is the State Department or DHS using artificial intelligence (AI) or any other automated system to collect, process, analyze, or otherwise review information collected from social media accounts of visa applicants and applicants for an immigration benefit?
How many visa applicants or individuals seeking an immigration benefit have had their application denied solely or primarily due to the social media screening and vetting process, including those denied for failing to provide a social media identifier?
Please provide any State Department and DHS memos, guidance documents, or other written policies intended to guide career staff in interpreting social media indicia for a visa applicant or applicant for an immigration benefit.
Has the State Department, DHS, or any other agency or component conducted any legal analysis or First Amendment review of the March 25 State Department memo or the April 9 DHS announcement?
What safeguards, if any, are in place to ensure that personal bias, political viewpoints, or cultural misunderstandings do not influence visa adjudications or immigration benefit decisions based on social media content?
Did the State Department’s Office of Civil Rights or DHS’s Office for Civil Rights and Civil Liberties or Privacy Office review the respective policies before their implementation?
In their letter to the Government Accountability Office (GAO), the lawmakers raise serious concerns about DHS and DOJ’s use of “technologies that make dubious automated inferences about individuals’ emotions, attitudes, and intentions,” including the administration’s deployment of “AI to scan the social media accounts of tens of thousands of student visa holders and flag some as supposedly supporting terrorist organizations.”
The GAO letter is also cosigned by Representatives Bennie Thompson (D-Miss.), and Rep. Pramila Jayapal (D-Wash).
The lawmakers write: “It is particularly dangerous to use AI for inferring mental states in law enforcement contexts, where false positives can subject individuals to baseless investigation and detention. Furthermore, since many criminal statutes require proof of intent or other state of mind, using AI in this way could lead prosecutors to bring more severe charges against individuals on the basis of pseudoscientific evidence. This technology is also ripe for deliberate abuse, providing a pretext for government officials to target groups they disfavor.”
The lawmakers request that GAO produce a report that addresses questions including the following:
How many people have been the subject of an automated analysis conducted by DOJ or DHS personnel using AI technologies that infer people’s emotions, attitudes, or intentions?
What kinds of law enforcement actions have been guided by DOJ and DHS personnel’s use of these technologies?
What tests of these technologies did DOJ and DHS conduct before using them for law enforcement purposes?
What DOJ and DHS policies govern the uses of these AI technologies to prevent violations of due process, freedom of expression, equal protection, and other constitutional rights?

MIL OSI USA News –

June 24, 2025
MIL-OSI Security: Detroit CPA Sentenced to Prison and Ordered to Pay $14.5 Million in Restitution for PPP Loan Fraud Scheme Involving Hundreds of Small Businesses

Source: US FBI

PITTSBURGH, Pa. – A resident of Detroit, Michigan, has been sentenced in federal court to 24 months in prison, to be followed by four years of supervised release, and ordered to pay restitution of $14.5 million to the U.S. Small Business Administration on his conviction of fraud conspiracy, Acting United States Attorney Troy Rivetti announced today.

United States District Judge W. Scott Hardy imposed the sentence on Matthew Lloyd Parker, 37.

According to information presented to the Court, between March 2020 and August 2021, Parker conspired with others to defraud lenders of more than $14.5 million through false Paycheck Protection Program (PPP) loan applications for COVID-19 pandemic relief in the largest known PPP fraud in the Western District of Pennsylvania. Parker, a licensed CPA, recruited hundreds of small businesses in Pittsburgh and Detroit and falsified PPP loan applications in their names. The Small Business Administration approved more than 200 of those applications, resulting in loans totaling approximately $14.5 million to the various businesses. The United States argued that Parker’s sophistication as a CPA aided him in falsifying the hundreds of PPP loan documents, which then generated substantial PPP loans to others along with approximately $1.5 million dollars in loan processing fees to Parker.

Assistant United States Attorney Gregory C. Melucci prosecuted this case on behalf of the government.

Acting United States Attorney Rivetti commended the Federal Bureau of Investigation and United States Postal Inspection Service for the investigation leading to the successful prosecution of Parker.

MIL Security OSI –

June 24, 2025
MIL-OSI Analysis: I’ve studied faiths and cultures around the world. Here’s how finance can be made more inclusive and sustainable

Source: The Conversation – UK – By Atul K. Shah, Professor, Accounting and Finance, City St George’s, University of London

Krailath/Shutterstock

Financial products are becoming increasingly sophisticated – as are the frauds associated with things like crypto, hacking and digital robbery. Many people are already overwhelmed by financial matters, and being unable to manage money can lead to mental health problems.

But money is primarily a social and cultural construct. Humans created it to serve their everyday needs for food, clothing and shelter. You could argue, however, that this servant of society has now become the master. Money permeates every aspect of life, including health, wellbeing and love – even relationships can become transactional.

Humans have done immense damage to the planet. We urgently need to re-examine our financial motives and institutions so that we nurture the Earth, rather than extract, plunder and destroy it.

Meanwhile, in the last 50 years, the discipline of finance has grown in influence and reach. In fact, most other disciplines in business, such as marketing, organisational behaviour and management, have become subservient to finance. The priority has been to maximise profits to satisfy the demand for constant growth in revenues and shareholder wealth. This is known as financialisation.

Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.

This, along with rising inequality, makes it a good moment to examine the knowledge system (epistemology) and beliefs (ontology) of finance. What are its core ethics, when did they go wrong, and how can they be reformed to help shape a sustainable society in future?

Given the vast cultural and religious diversity on Earth, as well as the global challenges of inequality and sustainability, I have examined a variety of experiences, beliefs and perspectives on money in my new book, Organic Finance.

This has resulted in a framework akin to organic farming, where the health of the soil, air and water is respected. Tradition, morality, culture and belief play a highly influential role in cultivating sustainable societies. Making money is placed into a wholesome cultural and planetary context. I have looked at attitudes towards money across culture and uncovered forgotten wisdom.

Many religions have strong views on money, debt and their role in building peace and cohesion. Most have rejected the accumulation of wealth for its own sake, and warned about the limits of greed and materialism. But these principles are the antithesis of how modern abstract economics and finance are modelled and taught all over the world. This has endorsed environmental degradation through resource depletion and extraction.

Countless cultures and traditions have emphasised the importance of kinship, charity, volunteering and service towards building communities and social relationships. Trust and mutuality have been central to many cultures and beliefs, yet severely undermined and ignored by the teachings of modern finance.

In contrast, for many indigenous traditions, money has historically played only a small role in livelihoods. For example, the Jains have a record dating back several hundred years of philanthropy for people, animals and the environment.

The first chapter of my book is titled “Evil Finance”, and outlines how some people have become defined by competition, exploitation and expropriation. Multinational corporations have amassed significant global power, and are very hard to govern and regulate. This is often accepted as a scientific reality, when in fact such behaviour is unsustainable.

Nature and spirituality are important when it comes to framing a conscious and responsible future for finance. A ground-up view of finance that includes kindness towards living beings, including rural communities and animals, would help to keep the focus on soil health, water purity and unpolluted air. And it would ensure that humans are humble and nurturing.

Trust before profits

Across the world, there are millions of small businesses that simply want to provide a valuable service and feed their families. They have no aspirations of exponential growth and want to keep expansion within manageable proportions. And because they want to pass the business to future generations, sustainability is deeply woven into their business culture. Trust and relationships are valued more than profits or wealth.

In the book, I also examine how profits and wealth maximisation have serious consequences, with side-effects including pollution and insecure jobs. Sadly, I’ve seen from decades of research and teaching experience that words like morality, trust, relationships and community have been disappearing from corporate finance and banking textbooks, encouraging selfishness and a calculating mindset.

Unless we go back to the basics of the cultural and ethical nature and limits of money, reforms in finance such as ESG (environmental, social and governance) investment criteria or net zero goals are going to be sticking plasters on fundamentally short-termist, greedy and selfish market institutions.

For people who work in finance, it’s about understanding the limits of materialism. Finance can once again become a servant of society and nature, helping to boost values of family and community. We can start by placing ethics and culture at the centre of accounting, economics and finance training.

When we allow self-reflection and diverse cultures and traditions into the finance curriculum, we enable rich dialogues, strong moral frameworks and an ability to put money in its place. Such a rewriting of finance would be respectful of diverse cultures and traditions, allowing them to learn from one another, and work together to build an equal society and healthy planet.

This article features references to books that have been included for editorial reasons, and may contain links to bookshop.org. If you click on one of the links and go on to buy something from bookshop.org The Conversation UK may earn a commission.

Atul K. Shah does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

– ref. I’ve studied faiths and cultures around the world. Here’s how finance can be made more inclusive and sustainable – https://theconversation.com/ive-studied-faiths-and-cultures-around-the-world-heres-how-finance-can-be-made-more-inclusive-and-sustainable-258254

MIL OSI Analysis –

June 24, 2025
MIL-OSI Analysis: I’ve studied faiths and cultures around the world. Here’s how finance can be made more inclusive and sustainable

Source: The Conversation – UK – By Atul K. Shah, Professor, Accounting and Finance, City St George’s, University of London

Krailath/Shutterstock

Financial products are becoming increasingly sophisticated – as are the frauds associated with things like crypto, hacking and digital robbery. Many people are already overwhelmed by financial matters, and being unable to manage money can lead to mental health problems.

But money is primarily a social and cultural construct. Humans created it to serve their everyday needs for food, clothing and shelter. You could argue, however, that this servant of society has now become the master. Money permeates every aspect of life, including health, wellbeing and love – even relationships can become transactional.

Humans have done immense damage to the planet. We urgently need to re-examine our financial motives and institutions so that we nurture the Earth, rather than extract, plunder and destroy it.

Meanwhile, in the last 50 years, the discipline of finance has grown in influence and reach. In fact, most other disciplines in business, such as marketing, organisational behaviour and management, have become subservient to finance. The priority has been to maximise profits to satisfy the demand for constant growth in revenues and shareholder wealth. This is known as financialisation.

Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.

This, along with rising inequality, makes it a good moment to examine the knowledge system (epistemology) and beliefs (ontology) of finance. What are its core ethics, when did they go wrong, and how can they be reformed to help shape a sustainable society in future?

Given the vast cultural and religious diversity on Earth, as well as the global challenges of inequality and sustainability, I have examined a variety of experiences, beliefs and perspectives on money in my new book, Organic Finance.

This has resulted in a framework akin to organic farming, where the health of the soil, air and water is respected. Tradition, morality, culture and belief play a highly influential role in cultivating sustainable societies. Making money is placed into a wholesome cultural and planetary context. I have looked at attitudes towards money across culture and uncovered forgotten wisdom.

Many religions have strong views on money, debt and their role in building peace and cohesion. Most have rejected the accumulation of wealth for its own sake, and warned about the limits of greed and materialism. But these principles are the antithesis of how modern abstract economics and finance are modelled and taught all over the world. This has endorsed environmental degradation through resource depletion and extraction.

Countless cultures and traditions have emphasised the importance of kinship, charity, volunteering and service towards building communities and social relationships. Trust and mutuality have been central to many cultures and beliefs, yet severely undermined and ignored by the teachings of modern finance.

In contrast, for many indigenous traditions, money has historically played only a small role in livelihoods. For example, the Jains have a record dating back several hundred years of philanthropy for people, animals and the environment.

The first chapter of my book is titled “Evil Finance”, and outlines how some people have become defined by competition, exploitation and expropriation. Multinational corporations have amassed significant global power, and are very hard to govern and regulate. This is often accepted as a scientific reality, when in fact such behaviour is unsustainable.

Nature and spirituality are important when it comes to framing a conscious and responsible future for finance. A ground-up view of finance that includes kindness towards living beings, including rural communities and animals, would help to keep the focus on soil health, water purity and unpolluted air. And it would ensure that humans are humble and nurturing.

Trust before profits

Across the world, there are millions of small businesses that simply want to provide a valuable service and feed their families. They have no aspirations of exponential growth and want to keep expansion within manageable proportions. And because they want to pass the business to future generations, sustainability is deeply woven into their business culture. Trust and relationships are valued more than profits or wealth.

In the book, I also examine how profits and wealth maximisation have serious consequences, with side-effects including pollution and insecure jobs. Sadly, I’ve seen from decades of research and teaching experience that words like morality, trust, relationships and community have been disappearing from corporate finance and banking textbooks, encouraging selfishness and a calculating mindset.

Unless we go back to the basics of the cultural and ethical nature and limits of money, reforms in finance such as ESG (environmental, social and governance) investment criteria or net zero goals are going to be sticking plasters on fundamentally short-termist, greedy and selfish market institutions.

For people who work in finance, it’s about understanding the limits of materialism. Finance can once again become a servant of society and nature, helping to boost values of family and community. We can start by placing ethics and culture at the centre of accounting, economics and finance training.

When we allow self-reflection and diverse cultures and traditions into the finance curriculum, we enable rich dialogues, strong moral frameworks and an ability to put money in its place. Such a rewriting of finance would be respectful of diverse cultures and traditions, allowing them to learn from one another, and work together to build an equal society and healthy planet.

This article features references to books that have been included for editorial reasons, and may contain links to bookshop.org. If you click on one of the links and go on to buy something from bookshop.org The Conversation UK may earn a commission.

Atul K. Shah does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

– ref. I’ve studied faiths and cultures around the world. Here’s how finance can be made more inclusive and sustainable – https://theconversation.com/ive-studied-faiths-and-cultures-around-the-world-heres-how-finance-can-be-made-more-inclusive-and-sustainable-258254

MIL OSI Analysis –

June 24, 2025

Contact:	Chris Courtney/Rick McCarty
Phone:	(209) 848-BANK (2265)
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	www.ovcb.com

Media:	Investor Relations:
Kerrie McHugh	Katie Battaglia
Tel: (212) 618-3469	Tel: (416) 359-8544
Email: kerrie.mchugh@brookfield.com	Email: katie.battaglia@brookfield.com

Category: Commerce

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