NewzIntel.com

    • Checkout Page
    • Contact Us
    • Default Redirect Page
    • Frontpage
    • Home-2
    • Home-3
    • Lost Password
    • Member Login
    • Member LogOut
    • Member TOS Page
    • My Account
    • NewzIntel Alert Control-Panel
    • NewzIntel Latest Reports
    • Post Views Counter
    • Privacy Policy
    • Public Individual Page
    • Register
    • Subscription Plan
    • Thank You Page

Category: Commerce

  • MIL-OSI USA: Attorney General Bonta Urges Court to Immediately Halt Mass Firings Across Federal Government

    Source: US State of California

    OAKLAND — California Attorney General Rob Bonta joined a coalition of 21 attorneys general in submitting an amicus brief in American Federation of Government Employees, AFL-CIO, et al. v. Trump, in support of the request for a temporary restraining order (TRO) to halt the Trump Administration’s illegal mass firings in agencies across the federal government. 

    “The illegal ransacking of federal agencies and the mass firing of federal workers that make these agencies run has sown tremendous chaos, instilled distrust among the American people, and caused deep harm to our country,” said Attorney General Bonta. “Beyond the on-the-ground impacts we are seeing, the continued uncertainty surrounding the fate of various federal agencies has a real and lasting impact on states that must devote substantial time and resources to prepare for agencies that may or may not cease to exist. I urge the court to order an immediate end to the Trump Administration’s firing rampage.”

    In the brief, the attorneys general argue that the Trump Administration is acting beyond its authority in dismantling agencies across the federal government — the Trump Administration does not have the power to incapacitate a department that Congress created, nor can it decline to spend funds that were appropriated by Congress for that department. 

    Massive federal layoffs substantially disrupt the ability of the states to protect and serve their residents and pose serious risks and harms to their citizens’ health, safety, and lives by impacting state programs ranging from emergency planning and response, infrastructure repair, environmental protection, public health, among many more.

    The brief includes multiple examples of federal statutes inviting or requiring federal and state collaboration to solve problems, including:

    • The United States Geological Survey’s work to identify, assess, and plan for potential landslide hazards; 
    • The tsunami hazard mitigation program created by the Environmental Protection Agency and Federal Emergency Management Agency (FEMA);
    • The U.S. Department of Health and Human Services (HHS) national suicide and mental health hotlines; 
    • The U.S. Department of Agriculture’s deployment of a team to address crises such as food-borne pathogens’ threat to human health; and 
    • FEMA’s responsibility to develop operational plans and lead infrastructure workers who respond to disasters, establish programs for temporary housing during emergencies, and ensure that federal agencies work in coordination with state and local officials.  

    Attorney General Bonta has forcefully stood up to the Trump Administrations illegal efforts to dismember and impair the federal government though mass firing. 

    This week, Attorney General Bonta filed a lawsuit against the Trump Administration challenging the unlawful mass firing of roughly 10,000 full-time HHS employees, the consolidation of 28 HHS divisions into 15 divisions, and the closing of half of HHS’s ten regional offices  — in addition to previously filed lawsuits challenging the illegal firing of probationary federal workers and U.S. Department of Education workers. 

    Attorney General Bonta has submitted two amicus briefs (here and here) in lawsuits challenging the Trump Administrations dismantling of the Consumer Protection Financial Bureau — actions that include issuing a suspension of work across the agency and terminating probationary employees — and rapidly and substantially increases the burden on state agencies to protect consumers. 

    Last month, Attorney General Bonta filed an amicus brief in support of a lawsuit challenging operational changes to Social Security Administration policies. These changes, including staffing cuts, field office closures, and the illegal shuttering of departments, have hampered SSA’s ability to help older adults and persons with disabilities access the benefits and services they depend on. 

    In filing the brief, Attorney General Bonta joins the attorneys general of Washington, Arizona, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maryland, Maine, Michigan, Minnesota, Nevada, New Jersey, New Mexico, New York, North Carolina, Oregon, Rhode Island, Vermont, and the District of Columbia. 

    A copy of the brief can be found here.

    MIL OSI USA News –

    May 10, 2025

  • MIL-OSI Security: Two Women Sentenced for Running a More Than $1.5 Million COVID-19 Fraud Scheme

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    WILMINGTON, N.C. – A Zebulon woman was sentenced Thursday to 8 years in prison for her role in a multi-million-dollar COVID-19 fraud scheme.  Loretta Clarice James, 49, had previously pled guilty to conspiracy to commit wire fraud on May 29, 2024.  One of James’ co-conspirators, Lakesha Bowles, 43, was sentenced on April 24, 2025, to 30 months imprisonment for her role in the conspiracy.  Both women were also ordered to repay over one million dollars in restitution.

    According to court documents and other information presented in court, James and Bowles conspired to commit wire fraud by fraudulently submitting loan applications to the federal Paycheck Protection Program(PPP), which was established by Congress through the CARES Act to support small businesses during the economic uncertainty and layoffs that accompanied the COVID-19 pandemic.

    The fraudulent claims on the PPP loan applications, guaranteed by the United States Small Business Association, inflated payroll numbers and asked for funding on behalf of dormant or non-existent businesses.  James and Bowles submitted loan applications in their own names, and on behalf of others whom they recruited.  James and Bowles were given a portion of the loan proceeds if the third-party loans were approved.

    In addition to PPP fraud, James also conspired to commit wire fraud by fraudulently submitting loan and grant applications to the Economic Injury Disaster Loan (EIDL) Program and the Restaurant Revitalization Fund (RRF) Program. These other programs were also created by the federal government as a lifeline to struggling small businesses affected by COVID-19. James submitted fraudulent EIDL loans applications in her name, her family members’ names, and in the names of other friends and associates.  James submitted EIDL applications for businesses that did not exist and for salaries of employees who were fictitious. James submitted several hundred fraudulent EIDL applications, leading to over $500,000 in fraudulent EIDL disbursements. 

    In all, James, Bowles and other co-conspirators facilitated the fraudulent disbursement of more than $1.5 million in COVID-19 Loans.  Darnell William King, who conspired with both women, pled guilty to PPP fraud and identity theft charges on March 11, 2025.

    In addition to this significant COVID-19 loan fraud conspiracy, Loretta James was involved in an identity theft scheme where she and others used stolen identities to obtain loans or personal lines of credit from private lenders. James’ main role in that scheme included obtaining Social Security Numbers of individuals with good credit, completing a loan application in that individual’s name, using forged documents and email accounts in furtherance of the loan applications.  James and her conspirators then hired “Mules” to physically obtain the funds from the bank or lender.  Equipped with fake identity documentation made by James or others, the Mule would physically sign the application and associated paperwork, claiming to be the true applicant and promising to pay the loan back. After securing the funds, the Mule would bring the money back to James and other members of the scheme, and they would give the Mule a cut of the loan, ranging from $100 to $2,000 per loan. James and her compatriots did this over and over again, with loans that ranged from $5,000 to $10,000, none of which was ever paid back.

    “This office is committed holding accountable those who exploited a national crisis and the hardships of others for their personal gain and greed. Public relief funds were created to support hardworking individuals and small businesses during times of crisis—not to line the pockets of criminals,” said Acting U.S. Attorney Daniel P. Bubar. “We will continue to work diligently with our many state and federal partners to peruse justice for those who choose to abuse public trust by lying, cheating, and stealing resources that are meant to support our community in its greatest time of need.”

    “This extensive investigation, known as Operation Overload, uncovered a sophisticated criminal enterprise that fraudulently utilized thousands of North Carolina licenses, resulting in financial crimes that impacted individuals across multiple states,” said Captain Vaughn of the North Carolina DMV License & Theft Bureau. “Bureau commends its inspectors, intelligence analysts, and all partner agencies for their hard work and collaboration. Their efforts underscore the importance of interagency cooperation in combating complex fraud schemes and safeguarding the identities of North Carolina residents.”

    “The defendants conspired to take advantage of critical aid programs intended to provide relief for businesses affected during the pandemic by fraudulently applying for and obtaining COVID-19 program funds,” said Special Agent in Charge Donald “Trey” Eakins, Charlotte Field Office, IRS Criminal Investigation. “IRS Criminal Investigation special agents will continue to work alongside our law enforcement partners to pursue individuals who try to exploit federal relief programs for their personal gain.”

    “This investigation began following several complaints from Wake County residents regarding identity theft and fraud. Over the course of nearly a year, a thorough investigation led to multiple arrests, supported by the NCDMV License and Theft, Clayton Police Department, U.S. Department of Homeland Security, and the IRS Criminal Investigations. The investigators involved demonstrated exceptional diligence in pursuing the suspects and uncovering a vast network of crimes. Their efforts resulted in identifying hundreds of victims, not only in Wake County, but across North Carolina, and uncovering hundreds of thousands of dollars in fraud. I would like to commend the investigators for their tireless work and unwavering commitment to serving the residents of our county and state,” Wake County Sheriff Willie Rowe said.

    Daniel P. Bubar, Acting U.S. Attorney for the Eastern District of North Carolina made the announcement after Chief U.S. District Judge Richard E. Myers II announced James’ sentence.  The Internal Revenue Service, Criminal Investigation investigated the case with the assistance of Homeland Security Investigations; the Wake County Sheriff’s Office; the Bureau of Alcohol, Tobacco, Firearms and Explosives; and the North Carolina Department of Motor Vehicle License & Theft Bureau. The Clayton Police Department and other local agencies also aided over the course of the investigation.  Assistant U.S. Attorneys David G. Beraka, Ashley H. Foxx, and Karen Haughton prosecuted the cases.

    Related court documents and information can be found on the website of the U.S. District Court for the Eastern District of North Carolina or on PACER by searching for Case Nos. 5:24-CR-00132 and 5:24-CR-00363.

    ###

    MIL Security OSI –

    May 10, 2025

  • MIL-OSI USA: FDA and NIH Announce Innovative Joint Nutrition Regulatory Science Program

    Source: US Department of Health and Human Services – 3

    For Immediate Release:
    May 09, 2025

    Today, the U.S. Food and Drug Administration and the National Institutes of Health (NIH) announced a new, joint innovative research initiative that will serve as a key element in fulfilling U.S. Department of Health and Human Services Secretary Robert F. Kennedy, Jr.’s commitment to Make America Healthy Again. With diet-related chronic diseases continually rising, it is imperative that the FDA and NIH work in lockstep to invest in gold standard science, prioritize a better understanding of the root causes to end the diet-related chronic disease crisis and safeguard the health of America’s children.
    Under the new Nutrition Regulatory Science Program, the FDA and NIH will implement and accelerate a comprehensive nutrition research agenda that will provide critical information to inform effective food and nutrition policy actions to help make Americans’ food and diets healthier. The initiative will aim to answer questions such as:

    How and why can ultra-processed foods harm people’s health?
    How might certain food additives affect metabolic health and possibly contribute to chronic disease?
    What is the role of maternal and infant dietary exposures on health outcomes across the lifespan, including autoimmune diseases?

    Answering these questions and many others will enable effective policy development and help promote the radical transparency Americans deserve about the foods they are eating and how those foods can impact their health.
    “The FDA is focusing resources on the greatest contributors to the staggering health care crisis: chronic diseases,” said FDA Commissioner Martin A. Makary, M.D., M.P.H, “Mirroring the highly successful FDA and NIH Tobacco Regulatory Science Program, we’re bringing together scientific expertise from both agencies to transform nutrition and food-related research.”
    The FDA will provide its critical expertise in regulatory science and NIH will provide the infrastructure for the solicitation, review and management of scientific research. The initiative will bring together experts in many disciplines—including chronic disease, nutrition, toxicology, risk analysis, behavioral science, and chemistry—all with the goal to advance the gold standard of nutrition and food science.  
    “Nutrition has always been a priority at NIH. By teaming up with the FDA, we’re taking a major step toward answering big questions about how food affects health—and turning that science into smarter, more effective policy. It’s time to tackle the chronic disease crisis head-on. That’s why NIH is making this investment alongside the FDA,” said NIH Director Jay Bhattacharya, M.D., Ph.D.
    The FDA and NIH will work together to develop a research agenda for the Nutrition Regulatory Science Program and are committed to ensuring all research conducted under the Program is fair, independent and free of conflicts of interest. 
    ###

    Boilerplate

    The FDA, an agency within the U.S. Department of Health and Human Services, protects the public health by assuring the safety, effectiveness, and security of human and veterinary drugs, vaccines and other biological products for human use, and medical devices. The agency also is responsible for the safety and security of our nation’s food supply, cosmetics, dietary supplements, radiation-emitting electronic products, and for regulating tobacco products.

    Inquiries

    Consumer:
    888-INFO-FDA

    Content current as of:
    05/09/2025

    Regulated Product(s)

    Follow FDA

    MIL OSI USA News –

    May 10, 2025

  • MIL-OSI USA: Cotton Introduces Bill to Prevent Diversion of Advanced Chips to America’s Adversaries and Protect U.S. Product Integrity

    US Senate News:

    Source: United States Senator for Arkansas Tom Cotton
    FOR IMMEDIATE RELEASEContact: Caroline Tabler or Patrick McCann (202) 224-2353May 8, 2025
    Cotton Introduces Bill to Prevent Diversion of Advanced Chips to America’s Adversaries and Protect U.S. Product Integrity
    Washington, D.C. — Senator Tom Cotton (R-Arkansas) today introduced the Chip Security Act, legislation that will prevent advanced American chips from falling into the hands of adversaries like Communist China by improving oversight of advanced chips and directing Commerce and DoD to study promising chip security mechanism.
    “We must do better at maintaining and expanding our position in the global market, while safeguarding America’s technological edge. With these enhanced security measures, we can continue to expand access to U.S. technology without compromising our national security,” said Cotton.
    Text of the bill may be found here. 
    The Chip Security Act would direct the Secretary to:
    Require a location verification mechanism on export-controlled advanced chips or products with export-controlled advanced chips within 6 months of enactment and require exporters of advanced chips to report to BIS if their products have been diverted away from their intended location or subject to tampering attempts.
    Study, in coordination with the Secretary of Defense, other potential chip security mechanisms in the next year and establish requirements over the next few years for implementing such mechanisms, if appropriate, on covered advanced chips. This longer timeline accommodates the years-long technological roadmap for development of the next generation of advanced chips. 
    Assess, in coordination with the Secretary of Defense, the most up-to-date security mechanisms annually for three years and determine if any new mechanisms should be required
    Make recommendations annually for three years on how to make export controls more flexible, thus streamlining shipments to more countries.
    Prioritize confidentiality when developing requirements for chip security mechanisms.

    MIL OSI USA News –

    May 10, 2025

  • MIL-OSI USA: Wasserman Schultz Leads Democrats in Amicus Brief to Supreme Court Backing TPS for Venezuelans

    Source: United States House of Representatives – Representative Debbie Wasserman Schultz (FL-23)

    “Amici, as members of Congress, are keenly aware of the critical role that separation of powers plays in our constitutional democracy as a means to safeguard against the concentration of power within a single government branch,” said the Members in the brief’s introduction and summary. “Separation of powers … obligates the Judiciary to not shy from its duty to prevent Executive Branch overreach that upsets the carefully calibrated role each co-equal branch plays in our constitutional democracy.”

    Washington, DC – Yesterday, U.S. Representative Debbie Wasserman Schultz (FL-25) led 48 Democratic Members of Congress in filing an amicus brief with the United States Supreme Court in response to the Trump Administration’s attempt to override a district court ruling that blocked the Department of Homeland Security from vacating Temporary Protected Status for Venezuelans. 

    The Trump Administration petitioned the Supreme Court to overturn a district court decision that preserved TPS protections for Venezuelans while a case on the merits unfolds. The brief argues that Congress has a clear interest in preserving TPS and that the Administration’s attempt to vacate their status is unlawful and breaches separation of powers.

    “Amici, as members of Congress, are keenly aware of the critical role that separation of powers plays in our constitutional democracy as a means to safeguard against the concentration of power within a single government branch,” said the Members in the brief’s introduction and summary. “Separation of powers … obligates the Judiciary to not shy from its duty to prevent Executive Branch overreach that upsets the carefully calibrated role each co-equal branch plays in our constitutional democracy.”

    The brief continues, “The Executive Branch advances an interpretation of the TPS statute that, in essence, rewrites the statute to claim a power that Congress did not delegate to the Executive Branch…[A]mici, drawing on their experience and expertise as members of Congress, explain how these offered interpretations are incorrect and further explain that the TPS statute does not allow for vacatur.”

    Wasserman Schultz was joined by House Judiciary Committee Ranking Member Rep. Jamie Raskin (MD-8), House Committee on Homeland Security Ranking Member Rep. Bennie Thompson (MS-2), House Rules Committee Ranking Member Rep. James McGovern (MA-2), House Committee on Small Business Ranking Member Rep. Nydia Velazquez (NY-7), House Committee on Agriculture Ranking Member Rep. Jared Huffman (CA-2), Congressional Black Caucus Chair Rep. Yvette Clarke (NY-9), Congressional Hispanic Caucus Chair Rep. Adriano Espaillat (NY-13), New Democrat Coalition Chair Rep. Brad Schneider (IL-10), and House Progressive Caucus Chair Rep. Greg Casar (TX-35).

    Additional signers include Reps. Jerry Nadler (NY-12), Eleanor Holmes Norton (DC), Danny Davis (IL-7), Brad Sherman (CA-32), Jan Schakowsky (IL-9), Betty McCollum (MN-4), Kathy Castor (FL-14), Steve Cohen (TN-9), Henry “Hank” Johnson, Jr. (GA-4), Paul Tonko (NY-20), Frederica Wilson (FL-24), Suzanne Bonamici (OR-1), Dina Titus (NV-1), Lois Frankel (FL-22), Juan Vargas (CA-52), Robin Kelly (IL-2), Donald Beyer (VA-8), Lou Correa (CA-46), Pramila Jayapal (WA-7), Darren Soto (FL-9), Steven Horsford (NV-4), Veronica Escobar (TX-16), Lizzie Fletcher (TX-7), Jesús “Chuy” García (IL-4), Sylvia Garcia (TX-29), Alexandria Ocasio-Cortez (NY-14), Rashida Tlaib (MI-12), Troy Carter, Sr. (LA-2), Sheila Cherfilus-McCormick (FL-20), Maxwell Frost (FL-10), Robert Garcia (CA-42), Sydney Kamlager-Dove (CA-37), Jared Moskowitz (FL-23), Andrea Salinas (OR-6), Gabe Amo (RI-1), Janelle Bynum (OR-5), Maxine Dexter (OR-3), Luz Rivas (CA-29).

    Wasserman Schultz, who co-chairs the Venezuela Democracy Caucus, also recently partnered with Reps. Darren Soto (FL-9) and María Elvira Salazar (FL-27) to sponsor bipartisan legislation to reverse Trump’s termination of TPS for Venezuelans and redesignate protections. 

    The full amicus brief can be found here.

    ####

    MIL OSI USA News –

    May 10, 2025

  • MIL-OSI USA: Hickenlooper Celebrates National Small Business Week, Slams Trump Admin’s Tariff-Taxes

    US Senate News:

    Source: United States Senator John Hickenlooper – Colorado
    Over two-thirds of small businesses say that Trump admin’s reckless tariff-taxes will hurt their business, according to WSJ poll
    WASHINGTON – U.S. Senator John Hickenlooper joined 81 Senate colleagues in introducing a bipartisan resolution declaring the week of May 5th as “National Small Business Week.” The measure recognizes the entrepreneurs and innovators who promote growth and create jobs across America.  
    “This week is National Small Business Week. Our week to celebrate the small businesses that power our economy and create jobs across Colorado,” said Hickenlooper. “The problem is, most small businesses aren’t in the mood to celebrate. The Trump admin’s tariff-taxes have created chaos and uncertainty for our small businesses.”
    Hickenlooper is a former small business owner and a member of the Senate Committee on Small Business and Entrepreneurship. Colorado is home to over 715,000 small businesses that employ over 1.1 million Coloradans.
    Hickenlooper has been outspoken about the effects of the Trump administration’s tariffs on small businesses. 
    “Their reckless tariff-taxes – and their chaotic rollout – are creating so much uncertainty that they’ve literally paralyzed businesses,” Hickenlooper said in a video posted to his social media accounts. “It’s next to impossible to plan anything when their on-again, off-again tariffs make it impossible for small businesses to know whether they’ll be able to afford what they need to stay alive and grow… The bottom line: we should be supporting our small businesses, not crushing them.”
    Hickenlooper also called on Small Business Administrator Kelly Loeffler to address the impacts of the Trump administration’s tariffs on small businesses and sent a letter to the Trump administration demanding answers on the national security and economic impacts of their tariffs on Canadian goods. 
    In a Giddy Up-Date newsletter posted to his Substack, Hickenlooper details how the Trump admin’s trade wars have “frozen businesses in their tracks.” 
    “Trump promised to lower prices on his first day in office. Instead, his administration announced major tariffs across the board and picked trade wars with our most valuable trading partners, like Mexico and Canada. We’re already seeing Mexico, Canada, and the other countries retaliate, targeting American businesses and producers with their own tariffs,” wrote Hickenlooper. “It’s especially harmful for the smallest businesses – the newest entrepreneurs – who are the most vulnerable… I know so many small businesses in Colorado and across the country are still reeling trying to figure out how to move forward in these unpredictable times.”
    Two Hickenlooper bills that make it easier for small businesses to access and offer retirement plans for their employees have been signed into law. Hickenlooper’s very first bills introduced as Senator focused on small business. His initial package of bills would help more women and underrepresented communities receive investment capital and give Native American small businesses a voice at the highest levels of the Small Business Administration (SBA). Last Congress, Hickenlooper introduced the Supporting Community Lenders Act and Investing in All of America Act, both of which focus on increasing access to affordable capital for small businesses. He intends to reintroduce both bills this Congress.

    MIL OSI USA News –

    May 10, 2025

  • MIL-OSI USA: SBA Relief Still Available to Oregon Small Businesses and Private Nonprofits Affected by Summer Drought

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in Oregon of the June 9 deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought beginning Aug. 13, 2024.

    The disaster declaration covers the Oregon counties of Baker, Grant, Harney and Malheur as well as the Idaho counties of Canyon, Owyhee, Payette and Washington, and in Nevada the county of Humboldt.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

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

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs with terms up to 30 years. Interest does not 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.

    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.

    Submit completed loan applications to the SBA no later than June 9.

    ###

    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 –

    May 10, 2025

  • MIL-OSI USA: SBA Relief Still Available to Oklahoma Small Businesses and Private Nonprofits Affected by Drought

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in Oklahoma of the June 9 deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought beginning Oct. 1, 2024.

    The disaster declaration covers the Oklahoma counties of Atoka, Bryan, Canadian, Carter, Cherokee, Choctaw, Comanche, Cotton, Craig, Creek, Delaware, Garfield, Garvin, Grady, Jefferson, Johnston, Kingfisher, Lincoln, Logan, Love, Marshall, Mayes, Noble, Nowata, Oklahoma, Osage, Ottawa, Pawnee, Payne, Rogers, Stephens, Tulsa, Wagoner and Washington as well as the Kansas counties of Cherokee, Labette and Montgomery, and in Texas the counties of Clay, Fannin, Grayson, Lamar and Montague.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

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

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs with terms up to 30 years. Interest does not 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.

    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.

    Submit completed loan applications to the SBA no later than June 9.

    ###

    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 –

    May 10, 2025

  • MIL-OSI USA: SBA Relief Still Available to North Dakota Small Businesses and Private Nonprofits Affected by Drought

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in North Dakota of the June 9 deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought beginning Oct. 1, 2024.

    The disaster declaration covers the North Dakota counties of Adams, Billings, Bowman, Burke, Divide, Golden Valley, Grant, Hettinger, McKenzie, Mountrail, Sioux, Slope, Stark and Williams as well as the Montana counties of Fallon, Richland, Roosevelt and Sheridan, and the South Dakota counties of Corson, Harding and Perkins.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

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

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs with terms up to 30 years. Interest does not 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.

    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.

    Submit completed loan applications to the SBA no later than June 9.

    ###

    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 –

    May 10, 2025

  • MIL-OSI USA: SBA Relief Still Available to Idaho Small Businesses and Private Nonprofits Affected by Summer Drought

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in Idaho of the June 9 deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought beginning Aug. 13, 2024.

    The disaster declaration covers the Idaho counties of Bingham, Bonneville, Caribou, Fremont, Jefferson, Madison and Teton as well as the Wyoming counties of Lincoln and Teton.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

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

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs with terms up to 30 years. Interest does not 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.

    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.

    Submit completed loan applications to the SBA no later than June 9.

    ###

    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 –

    May 10, 2025

  • MIL-OSI Security: Former Algona Meatpacking Plant Worker Convicted in Pandemic Benefits Fraud Conspiracy

    Source: Office of United States Attorneys

    A former Algona, Iowa, meatpacking plant worker who obtained fraudulent Paycheck Protection Program loans and recruited others into the scheme was convicted by a jury on May 8, 2025, after a four-day trial in federal court in Sioux City.

    Yovany Ciero, age 48, from Mason City, Iowa, formerly of Cuba, Colombia, and Venezuela, was convicted of three counts of wire fraud, 23 counts of money laundering, one count of engaging in a monetary transaction in property derived from a specified unlawful activity, and one count of money laundering conspiracy.  The verdict was returned following about three and a half hours of jury deliberations.

    The evidence at trial showed that Ciero is a former Sergeant in the Cuban military who crossed the Mexican border nearly twenty years ago after his request for a visa to enter the United States was denied.  In 2020, Ciero was working at an Algona meatpacking plant when the COVID-19 pandemic began.  Beginning in July 2020, Ciero, and over one hundred other immigrants from Cuba, obtained fraudulent Paycheck Protection Program (PPP) loans on the false and fraudulent pretenses that they were self-employed businesspeople who earned approximately $100,000 in gross income in 2019 when they actually worked at the meatpacking plant or elsewhere in 2019.         

    Ciero was one of six “bundlers” in the fraudulent PPP loan scheme.  Ciero’s role was to recruit individuals into the scheme, obtain their personal identifying information for the fraudulent loan applications, and then pass that information to others who submitted the fraudulent loan applications to lenders who were participating in the PPP.  The evidence established that over $4 million in fraudulent loan PPP applications were submitted, and the government lost over $2.4 million as a result.

    Once the individuals received their fraudulent PPP loan funds, typically $20,000 each, Ciero served as a “funnel” in a money laundering conspiracy.  Ciero collected fees that the organizers of the scheme charged the applicants, typically $3,000 per $20,000 fraudulent loan.

    Ciero also obtained two fraudulent PPP loans for himself and his paramour.  Ciero used most of this PPP loan money to purchase a semi-truck.  Ciero is the sixth former Iowa meatpacking plant worker convicted in the PPP scheme.

    Sentencing before United States District Court Judge Leonard T. Strand will be set after a presentence report is prepared.  Ciero remains free on bond pending sentencing.  Ciero faces a possible maximum sentence of life imprisonment, over $10,000,000 in fines, and three years of supervised release following any imprisonment.

    The case is being prosecuted by Assistant United States Attorneys Timothy L. Vavricek and Daniel A. Chatham and was investigated by the Small Business Administration – Office of Inspector General, the Federal Deposit Insurance Corporation – Office of Inspector General, Homeland Security Investigations, the Federal Bureau of Investigation, and the Storm Lake Police Department.

    Court file information at https://ecf.iand.uscourts.gov/cgi-bin/login.pl. 

    The case file number is 24-CR-3013.

    Follow us on X @USAO_NDIA.

    MIL Security OSI –

    May 10, 2025

  • MIL-OSI Economics: How AI agents can help retailers and consumer goods companies improve operations

    Source: Microsoft

    Headline: How AI agents can help retailers and consumer goods companies improve operations

    Over the past 12 months, customer conversations have shifted from focusing on generative AI to discussing agentic AI. This evolution reflects the growing recognition of agentic systems to augment AI’s potential to enhance business processes and drive innovation.

    But, as with every technology, working out where to start is fraught with difficulties. “When all you have is a hammer, everything looks like a nail”—or so the expression goes—but when it comes to business challenges, not every problem warrants an agentic AI approach.

    Learn more about Microsoft Cloud for Retail

    You may have determined candidate areas for agentic AI using a similar approach to that which we described when discussing rapidly ideating on value in a previous blog. However, how do you know if it really warrants an agentic approach, and then, once you’re confident that it does, how do you determine the value it will bring for your organization?

    This blog aims to provide guidance on how to address these areas to empower you to make informed decisions and unlock the full potential of agentic AI.

    Business and technical criteria

    Based on our experience working with retail and consumer goods companies across the globe, there are some common trends that can be considered as criteria for determining if a specific process—or part of a process—is a good use case for agentic AI.

    These aren’t considered to be “hard and fast” criteria that must be adhered to—they are merely guidelines.

    • Volume. A process with high volumes or number of interactions. For example, a consumer goods company receives many more orders than an aircraft manufacturer, therefore, it’s likely to be far more applicable to apply agentic AI to an order intake process in a consumer goods company. That doesn’t mean that agentic AI cannot help an aircraft manufacturer with this process. It means that the specific process element where it’s applied would be different. For example, in placing an order for an aircraft, multiple detailed configuration documents may be needed, and agentic AI may have a valuable role ensuring those documents are correct.
    • Interaction. A process that interacts with multiple systems. For example, updates, reads from, or consolidates data between different systems. Processes where users must review, or consolidate, content from multiple systems are prime candidates for the application of agentic AI. Sometimes referred to as “swivel-chair integration,” these types of processes are both tedious and fraught with error.
    • Human. A process where a high level of human interaction is required. Perhaps involving seeking, reading, considering, and reasoning over multiple pieces of information, documents, or systems. This is typically work that’s mundane and repetitive. Agentic AI can assess and highlight gaps, differences, or anomalies. It can make recommendations to be evaluated by a human and as such, is designed to work alongside or augment the human by reducing the amount of mundane, repetitive activity. The human element is critical here—AI allows the human to focus on exceptions, strategic analysis, and complex decisions while supporting innovation.
    • Errors. Processes that are error prone—which often occurs with repetitive, mundane human operations. More importantly, one where any errors or issues during the process execution cause adverse downstream consequences such as delayed deliveries, lost sales, compensation claims, or handling by a human that incurs cost or time. This can be a key area of concern and focus.

    There is an additional requirement, albeit one that must be considered when architecting a solution. This relates to data availability.

    It’s critical to ensure that the data required for the agentic AI application is available and accessible without causing challenges elsewhere. It’s common that agentic systems need to refer to data to aid decision-making. For example, it may be necessary to look something up on a customer or supplier master record in a transactional system. Where many of these are required in a very short time, it may be that the agentic solution causes performance issues in the transactional system. Architecturally, this challenge can be avoided by extracting this data into a data lake or other data store to act as a reference location.

    Retail Thought Leadership Study

    The AI Advantage: How retailers are shaping customer experiences with data-driven insights

    Defining value

    Advancements position agentic AI as a cornerstone for creating a more resilient, efficient, sustainable, and autonomous supply chain. When it comes to evaluating the business value of any technology investment, one of the first points to consider is determining the specific drivers of value. In addition, understanding how you’ll measure this is equally important.

    From the work we have done relating to agentic AI, value typically falls into three areas:

    1. Productivity. You can think of this as “agentic liberated time.” This reflects reducing the non-value-added time associated with human interaction in a process or process step using the “liberated time” for value-added activities. Scoping these additional activities is critical to delivering value from agentic AI. As an example, one retailer was seeking to free up time for their supply chain planners to spend more time with individual suppliers planning future promotional inventories. AI agents can streamline communications with suppliers, monitor contract compliance, and resolve disputes efficiently.
    2. Process efficiency. This relates to the elapsed time that a process takes. AI agents automate repetitive tasks and optimize operations leading to higher process efficiency levels and lower costs. This in turn has follow-on benefits—for example, reducing the time spent between receiving and processing a customer order translates to improved customer responsiveness.
    3. Quality. This can often be seen as cliché. However, in this instance, the focus is the reduction of errors or issues. Specifically, those that have a negative consequence downstream within the organization or supply chain. For example, promising inventory that does not exist will adversely impact customer satisfaction scores and may well result in future lost sales.

    Measurement is key

    For each of these value driver areas it’s important to establish the metrics or KPIs that this is likely to impact in your specific case. The graphic above gives some examples, but this is where the value of agentic AI really comes into force.

    For the productivity value driver, liberated time can be used to identify additional revenue generating opportunities, which can enhance your revenue per employee KPI. For process efficiency, reducing lost sales can be a relevant metric if, for example, you’re automating your customer order process.

    Quality, however, is where it becomes interesting. Determining the downstream negative consequences of a delayed or misinformed decision can be difficult, but it’s worthwhile. One approach to consider is to use Microsoft Copilot to help ideate on this, asking for suggestions as to what the negative downstream consequences of errors in a particular process might be. This may not yield the exact answer for your business, but practice has shown that it usually inspires a new thought or perspective that relates to your business.

    Microsoft Cloud for Retail

    Connect your customers, your people, and your data.

    Moving on value

    Selecting the right use cases for agentic AI requires a thorough understanding of both the criteria for implementation and the drivers of value. By focusing on high-volume, error-prone processes that require significant human effort and interaction with multiple systems, organizations can identify the most promising areas for AI application.

    Additionally, defining and measuring the value of AI investments through productivity, process efficiency, and quality improvements will ensure that organizations can unlock the full potential of agentic AI. With these guidelines, organizations can make informed decisions and navigate the complexities of AI use case selection, ultimately driving innovation and efficiency.

    Learn more about agentic AI

    Oliver Guy

    Global Industry Architect, Microsoft Retail & Consumer Goods, Microsoft

    Oliver Guy, Global Industry Architect, specializes in helping business leaders innovate and compete more flexibility and efficiently. For more than 25 years he has delivered value for retail and consumer goods companies across the globe with technology led change. Oliver is a recognized Retail Technology Influencer by Retail Technology Innovation Hub (RTIH) and is also a RetailWire BrainTrust panelist.

    See more articles from this author

    Felice Miller

    Business Strategy Leader, Supply Chain & Operations, Worldwide Retail and Consumer Goods and Gaming, Microsoft

    Felice leads Supply Chain and Sustainability Strategy for Microsoft’s Worldwide Retail and Consumer Goods Industry Group collaborating with customers and partners to reimagine data and AI solutions, and leveraging technology to drive innovation and better business outcomes. She has extensive experience in consumer products, retail, and global manufacturing. Felice has been an angel investor in early-stage startups, the founder of Delvv, a machine learning studio that created AI-driven interface technology to enhance the smartphone user experience and is an advocate for consumer-centric technology in the mobile space.

    See more articles from this author

    Paul Manikas

    Principal Industry Architect, Industry Solutions Delivery, Microsoft

    As a Manufacturing industry architect, Paul works with senior business and IT leaders to help them understand how to apply Microsoft’s technologies and partner solutions to digitally transform their company. Leveraging over 35 years of manufacturing industry experience, Paul works with clients to build their transformations strategy, considering four key pillars of digital transformation: customer experience, operational excellence, workforce transformation and product-as-a-service.

    See more articles from this author

    MIL OSI Economics –

    May 10, 2025

  • MIL-OSI USA: New Laws Help Consumers Save Money and Spend It Wisely

    Source: US State of New York

    overnor Kathy Hochul today signed new legislation as part of the FY26 Enacted Budget that will protect consumers across New York and fight back against scams or exploitative practices. From simplifying the process of canceling recurring online subscriptions to cracking down on overdraft fees that target low-income consumers, these new laws will help New Yorkers fight back against unfair corporate practices.

    “This budget is all about affordability – lowering costs and helping New Yorkers with the rising cost of living,” Governor Hochul said. “But our tax cuts, credits and rebates won’t be much help if bad actors are able to scam or mislead New Yorkers. These new laws are about fairness, transparency, and accountability and will help consumers save money and spend it wisely.”

    Easier Cancellation For Online Subscriptions
    Subscription services are a part of daily life but canceling them is often needlessly complicated. The FY26 budget includes legislation requiring businesses to notify consumers of upcoming renewals and price changes as well as provide clear instructions on how to cancel subscriptions. Under this legislation, cancellation processes must be simple, transparent, and fair – ensuring that it is just as easy to cancel a subscription as it was to sign up.

    Standardized Online Retail Returns and Refunds
    Consumers are increasingly shopping online and navigating a sea of varying return windows, restocking fees, refund formats, shipping practices and more. New Yorkers, particularly during the holiday season, know how hard it is to juggle various return policies that affect when they can send back a gift or exchange clothing that didn’t fit.

    With e-commerce sales rising and returns accounting for billions of dollars annually, New Yorkers deserve stronger consumer protections. The FY26 Budget includes legislation to require online retail sellers to post return and refund policies in a way that is easily accessible for consumers.

    Oversight Over “Buy Now, Pay Later” Loans
    “Buy Now, Pay Later” loans are increasingly popular but pose risks to consumers, including overextension, inconsistent credit reporting, data exploitation, and excessive fees. These concerns highlight the need for stronger oversight in this rapidly growing financial sector.

    The FY26 Budget includes legislation to establish a licensing and supervision framework for Buy Now Pay Later providers. This legislation will introduce safeguards, such as disclosure requirements, dispute resolution standards, limits on all charges and fees, and data privacy protections to ensure consumers are better protected when using these financial products.

    Shed Light on “Surveillance Pricing”
    As consumers spend more of their time and money online, they’re also sharing more information like browsing behavior, location, and purchase history with the companies they interact with. Today’s technology means corporations are able to collect mountains of personal data, feed it into algorithms, and generate a price that’s individual to a consumer. This practice, which the FTC has dubbed surveillance pricing, means a company could be charging you and your neighbor different prices for the same product, based on your individual willingness to pay. This practice is opaque and strips consumers of their ability to comparison shop and plan for the price of goods and services.

    The FY26 Budget includes first-in-the-nation legislation that requires businesses to disclose clearly to consumers when a price was set by an algorithm using their personal data, subject to certain exceptions.

    Stronger Protections Against Unfair Overdraft Fees
    Overdraft and non-sufficient funds fees disproportionately harm low- and moderate-income New Yorkers. In January 2025, Governor Hochul announced the Department of Financial Services proposed regulations to eliminate the most exploitative and deceptive banking fees, cap overdraft fees, strengthen customer communications, and establish stricter transaction processing requirements. These regulations will protect consumers and foster accessible and affordable banking services for all New Yorkers.

    MIL OSI USA News –

    May 10, 2025

  • MIL-OSI USA: Creating Jobs and Opportunity Across the Empire State

    Source: US State of New York

    overnor Kathy Hochul today signed new legislation as part of the FY26 Enacted Budget that will support small businesses and grow New York’s economy. Governor Hochul’s economic development initiatives include helping small businesses grow through access to capital, new contracting opportunities, and disaster recovery support; doubling down on semiconductors and advanced manufacturing; supporting transformative, community-driven projects, and boosting the state’s creative economy.

    “We’re making New York the most business-friendly and worker-friendly state in the nation, creating jobs and economic opportunity in every corner of the Empire State,” Governor Hochul said. “By providing access to low-interest capital and investing in innovative industries like semiconductor manufacturing, we’re not just creating jobs, we’re positioning New York as a leader in the industries of tomorrow. These investments will ensure our businesses can thrive, attract new industries, and help communities grow across the state.”

    Helping Small Business Thrive in New York

    Support Small Businesses With Low Interest Capital
    High interest rates can incapacitate small businesses—which often pay higher borrowing rates due to their reduced collateral and higher risk profiles as compared to larger firms—preventing them from investing in expansion and creating new jobs. The successful Linked Deposit Program, which helps small businesses borrow at more affordable rates, has lowered the interest rate for nearly 6,000 businesses, resulting in $2 billion in bank lending, and leveraging over $4 billion in new capital investments by New York State businesses.

    In response to demand that far exceeds supply, Governor Hochul will launch the Low Interest Capital program (LINC), an expansion of the Linked Deposit Program, to help support hundreds of additional small businesses across the state. LINC will nearly double the funding available for linked deposits from $560 million to $1.1 billion.

    Increase Opportunities for MWBEs in State Procurement
    The FY26 Enacted Budget will eliminate barriers for minority and women-owned businesses to contract with state agencies and authorities by increasing the discretionary purchasing threshold from $750,000 to $1.5 million when buying from NYS Certified MWBEs. This builds on Governor Hochul’s commitment to expanding opportunities for MWBE firms while bringing the State’s threshold into alignment with those of the MTA and New York City.

    Help Small Businesses Recover After Natural Disasters
    As extreme weather events become more common, Governor Hochul is modernizing the Empire State Jobs Retention Program to provide a lifeline for businesses impacted by a natural disaster. The overhaul will allow small businesses to receive financial incentives through the Jobs Retention Program for the first time, while streamlining burdensome eligibility criteria and focusing assistance on the immediate aftermath of natural disasters when it is most impactful.

    Doubling Down on Semiconductors and Advanced Manufacturing

    Grow the Semiconductor Industry and Build the Semiconductor Supply Chain
    New York has emerged as a leader in the semiconductor industry through the Green CHIPS program, attracting over $120 billion in private sector investment. Much of that success is owed to New York’s Excelsior Jobs Tax Credit Program, which encourages businesses to locate or expand in New York by providing Excelsior tax credits after meeting job creation and investment thresholds. While New York State continues to lead in bringing semiconductor manufacturing home to our state, multiple states are vying to attract the related supply-chain companies that are looking to do business with those manufacturers.

    The FY26 Enacted Budget doubles down on Excelsior with a new, enhanced benefit tier for semiconductor supply chain companies; a new program to provide tax credits for large-scale semiconductor R&D investments of $100 million or more in qualified expenditures; a new semiconductor manufacturing workforce training incentive; and an overall 5-year extension of the Excelsior program.

    Promote Opportunity With Electric Readiness for Underdeveloped Properties
    New York State is attracting investment in new manufacturing and high-tech development faster than existing energy system planning and funding mechanisms can accommodate, and we need more power-ready sites — a key factor in where companies decide to locate. Indeed, lack of speedy connection to reliable power is often cited as a primary reason for advanced manufacturers taking their business, and jobs, towards other states or opportunities.

    Locating at a power-ready site can shave years off the timeline between site selection and a plant’s opening day. Extending transmission and electrical infrastructure to more sites around the State will help unlock equitable economic growth and supercharge our ability to connect New Yorkers with the advanced manufacturing jobs of the future.

    To help land more business and jobs in New York, Governor Hochul will launch a new $300 million program — Promote Opportunity with Electric Readiness for Underdeveloped Properties (POWER UP) — to fund the proactive development of electric capacity to create power-ready sites and attract new businesses to the state. Governor Hochul is seeding the fund with $100 million this year, which will allow for the proactive development of dozens of sites.

    POWER UP will not only alleviate bottlenecks to connect businesses to power but will help defray electrical costs for regional consumers, who under our current regulatory structure are often left to foot the bill for grid improvements prompted by one particular project within their region. POWER UP will defray those costs by interjecting state capital dollars into projects that provide overwhelming public and economic benefits.

    Empire State Development (ESD) will provide economic development expertise to ensure the fund helps prepare sites that are strongly positioned to host manufacturing operations that will create jobs in New York State.

    The Department of Public Service will provide expertise in utility capital planning and will identify opportunities for project sites that bundle clean energy resources together.

    Double Down on Shovel-Ready Sites for Modern Manufacturing
    While New York State is a leader in business attraction, large scale manufacturing and industrial firms can only continue to locate and expand here if sufficient shovel-ready space is available.

    Governor Hochul established the Focused Attraction of Shovel-Ready Tracts New York (FAST NY) program to build shovel-ready sites across New York and ensure the State is prepared to capitalize on high-value opportunities. Since its launch in 2022, FAST NY has committed over $175 million to 20 projects, transforming nearly 3,000 acres of previously underutilized land into future economic engines of the State.

    This year’s Enacted Budget includes $100 million to launch a new round of FAST NY that prioritizes semiconductor manufacturing and supply chain projects as well as cleantech and green economy projects. This new round of funding will include a focus on equipping sites with utility access, including renewable and clean energy.

    Strengthening Communities and Promoting Economic Growth

    Transform Regional Economic Development With High-Impact Projects
    The Regional Economic Development Councils (REDCs) have driven significant progress across New York, but their current funding limits make it difficult to support large-scale, game-changing projects. To address this, Governor Hochul will refocus the REDC initiative on transformative projects that serve as high-impact economic anchors such as cultural venues, waterfront revitalization efforts, and mixed-use development projects. This new approach will maximize the benefits that REDC awards deliver for local communities and regional economies, driving growth and revitalization in every corner of the state. Governor Hochul’s FY26 Enacted Budget includes $150 million to support the REDCs.

    Continue To Revitalize Our Downtowns and Rural Communities
    Governor Hochul is committed to supporting New York State’s downtowns, large and small, and recognizes that the strength of the State lies in its partnerships with local governments. By working together to create economically, socially, and environmentally healthy community centers through downtown revitalization, the State and local governments can make life better for New Yorkers and help secure the long-term well-being of the state. To further revitalize our communities, the Enacted Budget provides $100 million for another round of the Downtown Revitalization Initiative (DRI), which has been transforming downtown neighborhoods into vibrant communities where the next generation of New Yorkers will want to live, work, and raise families. Participating communities are nominated by the State’s 10 REDCs based on the downtown’s potential for transformation. Each winning community is awarded funding to develop a downtown strategic investment plan and implement key projects that advance the community’s vision for revitalization.

    To support New York’s rural communities, the State will continue its investment in the NY Forward program, designed to advance the renaissance of our smaller downtowns. New York’s hamlets and villages serve as commercial and social centers, and support our agricultural, recreational, and tourism economies. Recognizing the distinct needs of smaller communities and their niche historical and cultural assets, the Enacted Budget includes another round of $100 million in funding for rural and smaller communities. Like the DRI program, NY Forward communities are selected in partnership with the REDCs, and the Department of State (DOS) will lead the community through an abbreviated planning process to develop a slate of readily implementable projects. The State’s investment in projects that demonstrate their ability to accelerate revitalization will strengthen the competitiveness and improve the future trajectory of New York State’s small communities and larger urban centers.

    Renew Our Commitment to Our State’s Capital City
    This year’s Executive Budget launches the Championing Albany’s Potential (CAP) Initiative, an inclusive, State-led effort to invest $400 million to revitalize the downtown core of Albany—in partnership with local stakeholders and backed by significant State resources to catalyze change. The CAP Initiative includes $200 million to make real investments into tangible strategies and projects to revitalize Albany, such as: targeted strategies that address public safety and quality of life; revitalizing vacant or dated anchor institutions; reinvigorating commercial corridors; repurposing vacant and underutilized commercial buildings for housing and other new uses; leveraging open spaces and key public assets; coordinating with ongoing planning efforts related to the redevelopment of I-787 and the Livingston Avenue rail bridge; and creating new reasons to work, visit, or live in downtown Albany. This historic investment also includes up to $150 million to renovate the New York State Museum and upgrade the exhibits to be more inviting to visitors, including families, as well as funding for the State to temporarily supplement Albany’s public safety efforts by offering enhanced State Police resources to reduce crime and increase community policing in key corridors.

    Informed by conversations with local stakeholders, the CAP Initiative will play out through a comprehensive community engagement process with the public, elected representatives, and community leaders to identify key opportunities to promote business development, bolster public safety, build out community anchors, encourage housing, and enhance affordability.

    Fueling New York’s Creative Economy

    Investments in Arts and Culture
    The FY26 Enacted Budget builds on Governor Hochul’s record investments in the New York State Council on the Arts, which provides critical support for New York’s robust nonprofit creative sector. This includes more than $80 million in general operating support grants for nonprofit arts and culture organizations and individual artists; $80 million in capital funding to support critical renovation and expansion projects; and continued funding for two new programs established in the FY25 Budget to empower artists to take stage in the State’s continued economic growth – Cultivating Havens for the Arts through Regional Murals (CHARM NY), which will fund the design and installation of public murals in communities across New York; and the “State of the Arts” Fellowship Program, which will place artist fellows at State agencies to advance public policy goals through creative approaches.

    Cement New York’s Status as a Global Capital for Media Production
    The FY26 Enacted Budget strengthens and modernizes a range of programs to ensure that New York remains the premier destination for both traditional and new media production. This includes:

    • Enhancing the New York State Film Tax Credit Program to attract more high-value productions that create good paying jobs and inject millions of dollars into local communities. Modifications include a two-year extension, a new $100 million incentive track for independent studios, a new Production Plus benefit for studios that make significant long-term investments in New York, and other tweaks to speed up payments and bring more post-production and musical scoring work in-state.
    • Amending the Digital Gaming Media Production Tax Credit to align with new industry trends and strengthen the growth of this growing industry.
    • Extending the New York City Musical and Theatrical Production Tax Credit for two years to ensure the industry returns to pre-COVID levels and continues to drive the State’s $137+ billion tourism sector.
    • Amending the Newspaper and Broadcast Media Jobs Program to allow affiliate companies to apply individually and therefore support a wider range of print and broadcast outlets across the state.

    MIL OSI USA News –

    May 10, 2025

  • MIL-OSI USA: FDA Approves Three Food Colors from Natural Sources

    Source: US Department of Health and Human Services – 3

    For Immediate Release:
    May 09, 2025

    The U.S. Food and Drug Administration today announced it granted three new color additive petitions that will expand the palette of available colors from natural sources for manufacturers to safely use in food.
    The FDA is in line with U.S. Department of Health and Human Services Secretary Robert F. Kennedy Jr.’s priority to phase out petroleum-based dyes in the nation’s food supply as part of the administration’s broader initiative to Make America Healthy Again.
    “Today we take a major step to Make America Healthy Again,” said HHS Secretary Kennedy. “For too long, our food system has relied on synthetic, petroleum-based dyes that offer no nutritional value and pose unnecessary health risks. We’re removing these dyes and approving safe, natural alternatives—to protect families and support healthier choices.”
    Since the HHS and FDA announcement last month during a press conference at HHS on petroleum-based food dyes, more U.S. food manufacturers have committed to removing them within the FDA’s set time frame of the end of next year.
    “On April 22, I said the FDA would soon approve several new color additives and would accelerate our review of others. I’m pleased to report that promises made, have been promises kept,” said FDA Commissioner Martin A. Makary, M.D., M.P.H. “FDA staff have been moving quickly to expedite the publication of these decisions, underscoring our serious intent to transition away from petroleum-based dyes in the food supply and provide new colors from natural sources.”
    The color additive petitions approved today are for:

    Galdieria extract blue, a blue color derived from the unicellular red algae Galdieria sulphuraria. The FDA has approved the color additive for use in nonalcoholic beverages and beverage bases, fruit drinks, fruit smoothies, fruit juices, vegetable juices, dairy-based smoothies, milk shakes and flavored milks, yogurt drinks, milk-based meal replacement and nutritional beverages, breakfast cereal coatings, hard candy, soft candy and chewing gum, flavored frostings, ice cream and frozen dairy desserts, frozen fruits, water ices and popsicles, gelatin desserts, puddings and custards, and whipped cream, yogurt, frozen or liquid creamers (including non-dairy alternatives), and whipped toppings (including non-dairy alternatives). The petition was submitted by the French company Fermentalg.
    Butterfly pea flower extract, a blue color that can be used to achieve a range of shades including bright blues, intense purple, and natural greens. Produced through the water extraction of the dried flower petals of the butterfly pea plant, this color additive is already approved for use in sport drinks, fruit drinks, fruit and vegetable juices, alcoholic beverages, dairy drinks, ready to drink teas, nutritional beverages, gums, candy, coated nuts, ice creams, and yogurt. Today’s approval of a petition by St. Louis-based Sensient Colors LLC expands the approved use for coloring ready-to-eat cereals, crackers, snack mixes, hard pretzels, plain potato chips (restructured or baked), plain corn chips, tortilla chips, and multigrain chips.
    Calcium phosphate, a white color approved for use in ready-to-eat chicken products, white candy melts, doughnut sugar, and sugar for coated candies. The petition was filed by Innophos Inc. of Cranbury, New Jersey.

    Under the Federal Food, Drug, and Cosmetic Act (Chapter VII, section 721), color additives are subject to FDA approval to determine whether they are safe before they may be used in food. The FDA determines whether an additive is safe to use by considering the projected human dietary exposure to the color additive, the additive’s toxicological data, and other relevant information, such as published literature. Once the FDA approves a color additive petition, any manufacturer can use the coloring for the approved uses.
    Related Information

    Related Information

    ###

    Inquiries

    Consumer:
    888-INFO-FDA

    Content current as of:
    05/09/2025

    Regulated Product(s)

    Follow FDA

    MIL OSI USA News –

    May 10, 2025

  • MIL-OSI USA: During Small Business Week, Governor Stein Visits Marshall, Calls for More Western NC Small Business Support

    Source: US State of North Carolina

    Headline: During Small Business Week, Governor Stein Visits Marshall, Calls for More Western NC Small Business Support

    During Small Business Week, Governor Stein Visits Marshall, Calls for More Western NC Small Business Support
    lsaito
    Fri, 05/09/2025 – 09:26

    Raleigh, NC

    Yesterday, during Small Business Week, Governor Stein and North Carolina Secretary of Commerce Lee Lilley visited downtown Marshall to highlight the importance of supporting small businesses impacted by Hurricane Helene. Governor Stein has proclaimed May 4 – May 10, 2025 as Small Business Week to celebrate the impact of entrepreneurs and small businesses on North Carolina’s economy. 

    “Small businesses are the beating heart of our economy, and I am proud to recognize them this week. In particular, western North Carolina is open for business, and it is more crucial than ever to support its economic recovery,” said Governor Josh Stein. “With the help of private partners, $55 million is now on the way to more than 2,100 small businesses. Unfortunately, it’s not nearly enough. I am calling on the General Assembly to dedicate more funding to support small businesses so they can keep providing jobs and bolstering local economies.”

    “Small businesses are foundational in our communities, employing nearly 45 percent of the private-sector workforce across the state,” said Commerce Secretary Lee Lilley. “As we continue our recovery from devastating storms and federal impacts, our focus remains on creating an environment where entrepreneurs can thrive.”

    Governor Stein remains committed to ensuring that businesses in western North Carolina have the resources and infrastructure they need to rebuild. Last week, Governor Stein announced that the Dogwood Health Trust, the Duke Endowment, and the State of North Carolina have distributed $55 million to more than 2,100 businesses in western North Carolina. In his second Helene budget request, Governor Stein will call on the General Assembly to invest more in small business grants so that western North Carolina businesses can keep their doors open to serve their communities.  

    Governor Stein and the North Carolina Department of Commerce also launched an additional $55 million state infrastructure program, which allows local governments to apply for up to $1 million to rebuild public infrastructure. Small businesses rely on this infrastructure, such as sidewalks and sewers, to do business. The Department of Commerce’s Division of Workforce Solutions has also made the $500,000 “Hurricane Helene Business Edge Fund” available to local workforce boards serving the counties that were most impacted by the storm, with a particular focus on minimizing layoffs from small businesses. 

    North Carolina’s small businesses account for more than 99 percent of the state’s businesses, employing 1.7 million people statewide. More than 9,600 North Carolina small firms exported merchandise, generating $8.2 billion of the state’s exports as of the latest report from 2022. North Carolina is proud to support small businesses through services such as NCWorks, community college small business centers, the N.C. Small Business and Technology Development Center, SCORE, the Veterans Business Outreach Center, the Rural Center, and a toll-free information and referral service known as the Small Business Advisors hotline. 

    Click here to read Governor Stein’s full proclamation.  

    May 9, 2025

    MIL OSI USA News –

    May 10, 2025

  • MIL-OSI: 100x Leverage, No KYC, $50 Welcome Bonus, and Double Deposit Bonus — Trade Crypto Futures on BexBack

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 09, 2025 (GLOBE NEWSWIRE) — With Bitcoin breaking past the $100,000 milestone and Ethereum surging over 20% in just 24 hours, many analysts agree that a new crypto bull market has officially begun. In this environment, smart investors are turning to high-leverage futures trading to amplify their gains with minimal capital.
    Recognizing this shift, BexBack is doubling down on its trader-first approach by offering powerful promotional incentives: a 100% deposit bonus, a $50 welcome bonus for new users, and up to 100x leverage on over 50 major cryptocurrencies. These tools are designed to help traders capture the full potential of the bull cycle with precision and flexibility.

    What Is 100x Leverage and How Does It Work?

    Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

    Suppose the Bitcoin price is $60,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $63,000, your profit will be (63,000 – 60,000) * 100 BTC / 60,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

    BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

    Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

    How Does the 100% Deposit Bonus Work?
    The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform that offers 100x leverage on BTC, ETH, ADA, SOL, XRP,and 50+ others futures contracts. It is headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. It holds a US MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. Accepts users from the United States, Canada, and Europe. There are no deposit fees, and traders can get the most thoughtful service, including 24/7 customer support.

    Why recommend BexBack?

    No KYC Required: Start trading immediately without complex identity verification.

    100% Deposit Bonus: Double your funds, double your profits.

    High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

    Demo Account: Comes with 10 BTC and 1M USDT in virtual funds, ideal for beginners to practice risk-free trading.

    Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

    Convenient Operation: No slippage, no spread, and fast, precise trade execution.

    Global User Support: Enjoy 24/7 customer service, no matter where you are.

    Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

    Take Action Now—Don’t Miss Another Opportunity!

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (available after making a deposit of at least 100 USDT or 0.001 BTC and completing one trade within one week of registration), giving you the edge to become a winner in the new bull run.

    Sign up on BexBack now, claim your exclusive bonus and start accumulating more BTC today!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

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

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

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d8756246-a0d7-43d5-8997-7ba914797447

    https://www.globenewswire.com/NewsRoom/AttachmentNg/8749dbbd-c9f1-4f84-875c-b0a2c4b74344

    https://www.globenewswire.com/NewsRoom/AttachmentNg/4e07e5d3-9447-497a-9fa1-738d3cab6c36

    https://www.globenewswire.com/NewsRoom/AttachmentNg/9303617e-2546-4ca1-8a3f-e7b2f0406d6a

    The MIL Network –

    May 10, 2025

  • MIL-OSI USA: News 05/7/2025 Blackburn Confronts NBA on Its Shady Ties to Communist China

    US Senate News:

    Source: United States Senator Marsha Blackburn (R-Tenn)
    WASHINGTON, D.C. – U.S. Senator Marsha Blackburn (R-Tenn.) pressed National Basketball Association (NBA) executive, William Koenig, on the league’s shady ties to Communist China. Estimates show that the NBA’s media rights in China are worth hundreds of millions of dollars per year and that team owners have invested more than $10 billion in the country all while the Chinese Communist Party has violated human rights and censored speech. Koenig refused to disclose how much the NBA has profited off investments in China.

    Click here to download video of Senator Blackburn’s remarks during the Senate Commerce Committee hearing. 
    On the NBA’s investments in China:
    Blackburn: “Why don’t you tell me what the broadcast rights in China are worth and how much NBA owners have invested in China?” 
    Koenig: “The NBA does have a very long history of distributing our games and content in China for more than 30 years.”
    Blackburn: “I’m not asking about the length of time you’ve been in China. I’m asking, ‘What are the media rights worth?’ You’re the president of global content and media distribution so what are those rights worth and how much have the NBA owners invested in China?’
    Koenig: “The NBA does not comment publicly on the financial terms of our relationships in the U.S. or abroad.” 

    MIL OSI USA News –

    May 10, 2025

  • MIL-OSI: HTX DeepThink: Liquidity Window Confirmed — Bitcoin Hits $100K Again, What’s Next?

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 09, 2025 (GLOBE NEWSWIRE) — HTX DeepThink is a flagship market insights column created by HTX, dedicated to exploring global macro trends, key economic indicators, and major developments across the crypto industry. In a world where volatility is the norm, HTX DeepThink aims to help readers “Find Order in Chaos.”

    Last week, Chloe (@ChloeTalk1) from HTX Research accurately predicted that a liquidity window could emerge in early May, driving capital back into crypto markets. On May 8, Bitcoin surged past $100,000 for the first time in three months—confirming her forecast. How long can this momentum last, and what are the implications of the latest U.S.-UK tariff deal? In this bonus update, Chloe provides fresh analysis of the evolving landscape.

    UK–U.S. Tariff Agreement Signals Reduced Risk and Policy Support

    On May 8, the United Kingdom and the United States reached a breakthrough trade agreement. The UK agreed to open its agricultural market for U.S. products in exchange for a reduction in U.S. tariffs on British automobile exports. Tariffs on British steel and aluminum exports to the U.S. were reduced to zero, while a 10% “reciprocal tariff” remains in place on U.S. imports.

    Although the UK already runs a trade deficit with the U.S. and the economic impact of the deal may be modest, it signals a willingness by the U.S. government to re-engage diplomatically and release policy tailwinds.

    U.S. Commerce Secretary Lutnick further indicated that the next major trade agreement could involve a large Asian economy, suggesting that the U.S. administration is preparing to offer structural trade incentives on a broader geopolitical scale.

    Bitcoin’s Market Structure Shifts From Speculative Trading to Institutional Capital Allocation

    Concurrently with these easing policy conditions, Bitcoin’s capital flow dynamics have undergone a fundamental shift. Over the past three weeks, U.S. spot Bitcoin ETFs have recorded substantial net inflows totaling $5.3 billion——the highest quarterly inflow since their launch.

    Notably, this increase has been driven by institutional participants, including the Abu Dhabi sovereign wealth fund, the Swiss National Bank (via MicroStrategy equity purchases), and increased allocations by BlackRock’s Bitcoin ETF. This signals a structural transition in Bitcoin’s pricing logic—moving from short-term, volatility-driven speculation towards long-term capital allocation. BTC is evolving beyond a high-risk asset; it is gradually forming an independent capital ecosystem, increasingly viewed by institutional investors as a “supra-sovereign asset”—somewhere between gold and U.S. Treasuries.

    Bitcoin Volatility Remains Contained; Market Awaits Macroeconomic Catalysts

    Despite BTC’s recent rally to $100,000, the market has not yet exhibited signs of speculative exuberance. Implied volatility (IV) in Bitcoin options remains stable in the 50%–55% range, far below the extreme levels of 80%+ typically seen at the peak of past bull markets. CME Bitcoin futures open interest currently stands at $14.8 billion, well below the $20 billion peak observed during the 2020 U.S. presidential election period, indicating that leverage is still manageable. Meanwhile, the 10-year U.S. Treasury yield has repeatedly failed to break above 4.60%, now hovering around 4.40%, which remains a neutral-to-supportive zone for risk assets.

    Overall, as long as yields do not climb back above 4.8% and ETF inflows remain steady, Bitcoin is likely to consolidate in the $105,000–$115,000 range while awaiting the next breakout trigger.

    Hidden Risk: Breakdown in China–U.S. and EU–U.S. Trade Talks Could Reignite Tariff Battles

    Nevertheless, investors should remain vigilant about geopolitical risk. While U.S. negotiations with China and the EU are ongoing, significant unresolved tensions persist—particularly over tariffs, export controls, and industrial subsidies.

    President Trump has explicitly stated he has no intention of lowering the current 145% tariff on Chinese goods as a prerequisite for restarting trade negotiations. Meanwhile, EU Trade Commissioner Maroš Šefčovič warned that if discussions with the U.S. fail, the EU is prepared to launch retaliatory tariffs, potentially targeting up to €100 billion worth of American goods.

    A breakdown in these negotiations could lead to the re-imposition of aggressive tariffs, reigniting global trade friction. This would likely dampen investor sentiment and place renewed pressure on risk assets, including Bitcoin. As such, the hidden risk of renewed tariff wars remains a key macro variable that should be incorporated into all forward-looking risk assessments.

    *The above content is not investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product.

    About HTX Research

    HTX Research is the dedicated research arm of HTX Group, responsible for conducting in-depth analyses, producing comprehensive reports, and delivering expert evaluations across a broad spectrum of topics, including cryptocurrency, blockchain technology, and emerging market trends.

    Connect with HTX Research Team: research@htx-inc.com

    Contact:
    Ruder Finn Asia
    glo-media@htx-inc.com

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a5c15cb3-3c1d-450c-9226-e9a09951388a

    The MIL Network –

    May 10, 2025

  • MIL-OSI Banking: Phildraw Properties Limited

    Source: Isle of Man

    Published on: 09 May 2025

    Notice is hereby given that Phildraw Properties Limited, which was registered under the Designated Businesses (Registration & Oversight) Act 2015, has been de-registered in accordance with 12(1)(a) of this Act with effect from 09/05/2025.

    Isle of Man Financial Services Authority

    09/05/2025.

    MIL OSI Global Banks –

    May 10, 2025

  • MIL-OSI United Kingdom: Psychopaths would spark a financial crisis for profit

    Source: Anglia Ruskin University

    By Clive Roland Boddy, Anglia Ruskin University

    Would you want a psychopath looking after your pension? Or what about your shares? In a recent talk at the Cambridge Festival, I spoke about the latest research relating to a psychopath’s love of money, greed for power, and willingness to harm other people financially for personal gain.

    Since I began researching corporate psychopaths and the global financial crisis, the idea of the financial psychopath, an employee in the financial sector acting ruthlessly, recklessly, greedily and selfishly with other people’s money, has gained traction.

    The theory won support because psychopaths are more commonly found in financial services than in other sectors. It has even been argued that up to 10% of employees in financial services could be psychopathic. That is to say they have no empathy, care for other people, conscience or regrets for any damage they do.

    These traits make them ruthless in pursuit of their own agendas and entirely focused on self-promotion and self-advancement.

    But my ongoing research goes even further. It has found that psychopaths are willing to knowingly cause financial harm to the entire global community, in order to receive a financial bonus for themselves. Personal greed outweighs the immense social and community costs of implementing that greed.

    This aligns with earlier perceptions of some captains of finance or leading politicians as psychopaths. Previous research found they are freed by their selfish philosophy of life and their trivialising of other people from the restraints of being evenhanded, truthful or generous.

    This new research also shows that a majority of psychopaths would even be willing to cause a global financial crisis – if they personally would profit from, for example, falling stock prices. This willingness holds true even when they could be personally identified as being the source of the crisis. Only a tiny minority of non-psychopaths would be willing to do this.

    Race to the top

    Financial insiders appear to agree with the assumption that psychopaths have always been prevalent in the sector. Many psychologists and other management commentators have come to the same conclusion.

    Researchers have also found that interpersonal-affective psychopathic traits – such as deceitfulness, superficial charm and a lack of remorse – were associated with success in the finance sector.

    Employees at financial institutions in New York scored significantly higher on these traits than people in the wider community. They also had significantly lower levels of emotional intelligence (as would be expected of psychopaths).

    What’s more, having psychopathic traits has also been linked to higher annual incomes – as well as a higher rank within the corporation.

    In other words, it looks like the more psychopathic an employee is, the further up the corporate finance ladder they will go. This corresponds with findings that show there are more psychopaths at the top of organisations than at the bottom.

    Creating destruction

    This is not to say that personal success in climbing the corporate ladder equates to professional success when someone reaches the top job. Quite the opposite. In fact, my research has shown that psychopathic leadership is associated with organisational destruction.

    This includes a greater propensity to take risks with other people’s money, a greater willingness to gamble with someone else’s money and lower returns for shareholders.

    In one study over a 10-year period, psychopathic fund managers were found to generate annual returns that were 30% lower than their less psychopathic peers.

    The research team concluded that among elite financial investors, psychopathy and its appearance of personal dominance and competence, may enable people to rise to the top of their profession. But this does not translate into improved financial performance at the organisational level, where the presence of the psychopathic is actually counterproductive.

    Fraud has always been associated with the psychopathic – so much so that in one study 69% of auditors believed they had encountered corporate psychopaths in relation to their investigations.

    Years ago, one bank reportedly used a psychopathy measure to recruit staff. But I would advise against hiring people who score very highly, because they are totally concerned with personal success. They are not bothered about long-term organisational growth or sustainability. As such, decisions will be made to suit the psychopathic worker, and not the organisation.

    For example, new hires would be likely to be people who can help the psychopath achieve their personal aims and objectives rather than aid the company. Anyone astute enough to potentially be a challenge to the psychopathic employee would not be hired by them in the first place.

    Without exception, psychopathic people love money and they are more motivated by it than other people are.

    Unlike the rest of the population, psychopaths are uninterested in higher values such as close emotional connections with family and friends, and much more focused on money and materialism. Seen through this lens, the appeal of the corporate banking sector – and the salaries and bonuses it offers – to people with these traits soon becomes clear.

    Clive Roland Boddy, Deputy Head, School of Management, Anglia Ruskin University

    This article is republished from The Conversation under a Creative Commons license. Read the original article.

    The opinions expressed in VIEWPOINT articles are those of the author(s) and do not necessarily reflect the views of ARU.

    If you wish to republish this article, please follow these guidelines: https://theconversation.com/uk/republishing-guidelines

    MIL OSI United Kingdom –

    May 10, 2025

  • MIL-OSI Global: Nasa’s planned budget cuts could set back space science, but show how to future-proof the agency

    Source: The Conversation – UK – By Loizos Heracleous, Professor of Strategy, Warwick Business School, University of Warwick

    Illustration of the Orion spacecraft. Nasa

    The 2026 Nasa budget proposal would slash around US$6 billion (£4.4 billion) in funding. This is a huge reduction, amounting to around 25% of recent Nasa budgets. The savings would mainly come from Nasa science programmes, potentially devastating high profile missions and international collaborations.

    However, the budget proposal also represents an intentional redirection of Nasa’s focus by government through resource allocation. The state has long supported the development of a robust commercial space sector, and this budget is a further step in that direction.

    Congress will have the final say and the cost to science could be high if the budget goes through without major amendments. One casualty could be Mars Sample Return (MSR), a joint endeavour with the European Space Agency that is intended to retrieve Martian soil and rock collected by the Perseverance rover and deliver it to laboratories on Earth.

    An audit of MSR released in February 2024, suggested that the mission’s overall cost could exceed US$7.5 billion (£5.6 billion). The timescale for the mission was also slipping into the 2040s.

    Nasa agreed to look at quicker and cheaper ways of carrying out the mission, a process which is ongoing. But as a big ticket item under the agency’s Science Directorate, MSR could nevertheless be cancelled if the proposed budget were to be passed.

    Other projects likely to be affected include the Nancy Grace Roman Space Telescope, which aims to investigate dark energy and exoplanets, and the DaVinci mission to Venus, which seeks to study the planet’s dense atmosphere and surface composition. Since the James Webb Space Telescope is already constructed and operating, it is expected to continue doing so.

    However broader funding reductions for Nasa’s Science Mission Directorate, from US$7.3 billion (£5.4 billion) to US$3.9 billion (£2.9 billion), may limit the scope of future projects and the pipeline of early innovations.

    The Nancy Grace Roman telescope could be one casualty of the budget proposal.
    Nasa

    The proposed budget could also lead to an accelerated retirement for the Space Launch System (SLS) rocket and the Orion crew capsule. These are the vehicles designed to carry US astronauts to the Moon under a Nasa programme called Artemis.

    This programme aims to establish a permanent US base on the Moon, allowing astronauts to carry out science and to learn how to make use of lunar resources –such as the abundant water ice sitting in craters at the poles.

    This ice could be turned into water for life support and chemically split to provide propellant for spacecraft. This could bring down the cost of space exploration because it would avoid having to transport supplies from Earth.

    The retirement of the SLS and Orion would happen after the Artemis III mission, which is planned to be the first to land astronauts on the Moon since Apollo 17 in 1972. This decision suggests that the administration has heeded those who warn that if China gets to the Moon’s surface before the US, it could damage American space leadership.

    But it also implies that White House officials are in no hurry to build up a sustained presence on the lunar surface, as laid out under the Artemis plan, since finding replacements for Orion and the SLS will take time.

    With each SLS launch costing upwards of US$4 billion, the rocket’s longer term financial sustainability has been repeatedly called into question. Cancelling the SLS and Orion could also lead to thousands of job losses. These concerns are valid. However, in a robust industry, there is opportunity for people.

    Globally, the space industry is growing fast, with a value of US$570 billion (£427 billion) in 2023, having grown 7.4% from the previous year. A flexible and vibrant industrial sector could offer ample opportunity for displaced workers.

    Other commercial players such as Blue Origin, Rocket Lab and Sierra Space are developing their own launch systems, crewed vehicles, and – in some cases – space stations. This competitive ecosystem accelerates innovation and reduces costs, which ultimately benefits the broader economy and the country.

    Having said all that, critics say an extended hiatus in crewed lunar exploration while commercial companies develop these spacecraft may hand China the advantage when it comes to establishing a dominant presence on the Moon.

    Past precedent

    The White House budget proposals are a request and not law. Congress has the final say in whether these programs are retired and when. There are precedents: in 2010 the Obama administration proposed the wholesale cancellation of the second Bush administration’s Constellation program to return to the Moon. However, Congress intervened to rescue the Orion spacecraft.

    While Constellation’s two rockets – the Ares I and Ares V – were technically cancelled, the SLS (which in many ways resembles the Ares V) was conceived as a compromise.

    If approved, the proposed budget cuts would usher Nasa more strongly towards an orchestrator or “systems integrator” role. This would see the agency convening and coordinating a complex web of commercial, academic, and international participants. Nasa would therefore shift towards focusing on oversight, seeding innovation, and ensuring mission coherence.

    The agency already has experience of public-private partnerships such as the programs that resupply the International Space Station with cargo and crew. The Artemis programme also aims to involve private companies as partners rather than simply contractors.

    The proposed cuts would indeed disrupt the agency, but they are also emblematic of a shift in national priorities toward support for the development of space capabilities by private companies. Many Nasa programmes carry high symbolic or scientific value – sometimes both.

    But in some cases, their costs are difficult to defend when commercial alternatives could be developed for either the full mission or parts of the mission at a fraction of the cost.

    As Nasa shifts toward an orchestrator role and the commercial space sector matures, these changes, though painful in the short term, may serve the interests of US leadership in space over the long term.

    Loizos Heracleous 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. Nasa’s planned budget cuts could set back space science, but show how to future-proof the agency – https://theconversation.com/nasas-planned-budget-cuts-could-set-back-space-science-but-show-how-to-future-proof-the-agency-256103

    MIL OSI – Global Reports –

    May 10, 2025

  • MIL-OSI Global: Major brands don’t need to kowtow to Trump: they have the power to bring people together

    Source: The Conversation – UK – By Michael Beverland, Professor of Brand Management, University of Sussex Business School, University of Sussex

    Whatever you think of his personality or politics, it’s impossible to deny the success of Donald Trump as a brand. Supporters and detractors across the world are transfixed by his second term as US president.

    And so far, many corporate brands appear keen to get alongside him. The leaders of Tesla, Amazon and Meta were all prominent guests at Trump’s inauguration in January 2025.

    By then, Mark Zuckerberg had already shifted company policy on fact checking to be more aligned with the political wind. Weeks later, retail giants Walmart and Target had rolled back diversity, equality and inclusion (DEI) initiatives.

    Even the NFL, which had so infuriated Trump in his first term with its support for diversity, has come to heel.

    So now that Trump is back in town, is the only option available to big US organisations to swing to the right? Well, not necessarily.

    Our research suggests that the rise of populism actually represents an opportunity for brands to rebuild a sense of shared national identity.

    And the most well-known brands are the best placed to do this. Their familiar place in people’s everyday lives gives them huge power as non-political agents of collective identity which can cross divides of race, class, geography and age.

    A great example of this was during the presidential election campaign when Trump’s team wanted to organise a publicity stunt involving the Republican candidate “working” at a branch of McDonald’s in Pennsylvania.

    Trump’s love of the golden arches is well known, but McDonald’s is a strongly non-political brand. So what should it do? Refuse and risk a backlash, or accept and be accused of taking sides?

    In the end, the company’s response was a masterclass in neutrality.

    McDonald’s told its employees that the company was neither red (Republican) nor blue (Democrat), but golden. Referring to both presidential candidates’ love of McDonald’s, the company made it clear that the permission granted to Trump illustrated one of their core values, stating: “We open our doors for everyone”.

    The plan worked. And this was partly down to McDonald’s being widely thought of as an authentic brand which connects people.

    Research has shown that people really value a company’s place in local communities. And McDonald’s is a place which hosts children’s birthday parties, where you can catch up with friends, where you might even have had your first ever job.

    This kind of power to unify is something other brands can do too. As something our earlier research shows, brands can benefit from bringing people together, by creating a sense of shared identity.

    Brand new

    In New Zealand for example, ANZ Bank was widely applauded for a campaign featuring Indian immigrants. The advert tells the story of a father and son and their mixed cricketing loyalties (the parent to India, the child to New Zealand).

    It is a tale of immigrants achieving their version of the national dream, through hard work and trademark Kiwi humour. This kind of narrative-driven campaign does not pitch one side against another, but instead highlights the things that bind people together.

    Similarly in the UK, the department store John Lewis has become a seasonal advertising staple as it reminds customers of their shared rituals over Christmas. And Kraft’s “How do you love your Vegemite” campaign allowed new immigrants to participate in local snacking rituals, helping them feel Australian.

    In the US, a 1971 Coca Cola commercial (one of the most lauded adverts ever) presented a united multi-cultural collection of young people as a response to the anti-Vietnam war counter-culture.

    So far, American brands have struggled to navigate the ever-shifting pronouncements coming from the White House in Trump’s second term. Amazon for example, quickly went back on its decision to list the cost of tariffs on products after it was branded a “hostile move”.

    But one brand does stand out. And that’s Ford.

    Perhaps it was inevitable that the car maker which came to symbolise successful 20th century American manufacturing would get this right. And the company’s decision to extend employee discounts to all consumers in what it describes as “unprecedented times” is a clever move.

    Some might call it a cynical tactic to embrace Trump’s tariffs and encourage Americans to buy American. But the firm (which will likely take a huge hit from more expensive imported parts and materials) is doing much more than that.

    Its new campaign (with the slogan “From America for America”) reminds US citizens that the brand is part of their lives, regardless of their political home. Supportive full-page print ads go further, setting out the firm’s long history spent backing the people of America.

    One Ford executive says that the campaign is about “authenticity” and Ford being a brand “that all consumers can rely on, especially in these uncertain times”.

    Authenticity is much prized when the political landscape is so polarised. And while divisions cannot be healed solely by brands, they can help to remind us of shared values and a sense of community. And in doing so, dial down those political tensions.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Major brands don’t need to kowtow to Trump: they have the power to bring people together – https://theconversation.com/major-brands-dont-need-to-kowtow-to-trump-they-have-the-power-to-bring-people-together-249401

    MIL OSI – Global Reports –

    May 10, 2025

  • MIL-OSI China: China-CEEC cooperation sees steady development, important opportunities: commerce ministry

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

    China-CEEC cooperation sees steady development, important opportunities: commerce ministry

    BEIJING, May 9 — Economic and trade relations between China and Central and Eastern European Countries (CEEC) have developed healthily and stably, presenting great opportunities for future cooperation, China’s commerce ministry said on Friday.

    China’s trade with CEEC has grown at an average annual rate of 8.8 percent since 2012, while its import from the countries has grown at an average annual rate of 7.4 percent, both outpacing the growth rate of China’s foreign trade during the same period, Yan Dong, deputy head of the ministry told a press conference.

    In 2024, China’s trade with CEEC increased by 6.3 percent year on year, reaching a record high of 142.3 billion U.S. dollars, data from the ministry shows.

    Meanwhile, the two sides also saw more and more robust investment activities, Yan said, adding that China’s investment in the countries has exceeded 24 billion dollars so far.

    A new highlight of China-CEEC investment cooperation has emerged in recent years as Chinese enterprises from the industrial chains of electric vehicles and power batteries intensified their efforts in investigation and investment in the CEEC, he noted.

    In the future, there will be important opportunities for China-CEEC cooperation, with China’s efforts to comprehensively deepen high-level opening-up, as well as the establishment of various economic and trade platforms safeguarding bilateral cooperation, according to Yan.

    The complementarity between China and CEEC in the sectors of industry, trade of goods and services trade also provides new space for cooperation, Yan added.

    The 4th China-CEEC Expo & International Consumer Goods Fair will be held in Ningbo, east China’s Zhejiang Province from May 22 to May 25 this year. The event is expected to be one of the main platforms for showcasing the characteristic products of CEEC, expanding imports from CEEC, and promoting mutual investment between China and the countries, according to the ministry.

    MIL OSI China News –

    May 10, 2025

  • MIL-OSI Asia-Pac: Speech by FS at Europe Day 2025 reception (English only) (with photos/video)

    Source: Hong Kong Government special administrative region

    Following is the speech by the Financial Secretary, Mr Paul Chan, at Europe Day 2025 reception today (May 9):

    Ambassador Harvey Rouse (Head of the European Union Office to Hong Kong and Macao), Deputy Commissioner Li Yongsheng (Deputy Commissioner of the Office of the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the Hong Kong Special Administrative Region), Consuls-General, distinguished guests, ladies and gentlemen,

    Good evening.

    It is a great pleasure to join you this evening to celebrate Europe Day — a day that honours the enduring commitment to unity and shared prosperity on the European continent.

    On this very day 75 years ago, French Foreign Minister Robert Schuman delivered a visionary declaration, proposing the creation of the European Coal and Steel Community. It laid the foundation for the European Union (EU).

    From the ruins of post-war Europe, nations once divided by conflict came together to build mechanisms of co-operation that would avert future wars and ensure long-term peace. As Schuman memorably said, and I quote: “World peace cannot be safeguarded without the making of creative efforts proportionate to the dangers which threaten it.” Those words remain as relevant today as they were in 1950.

    Today, we are once again confronted by rising geopolitical tensions and economic fragmentation, now exacerbated by unilateral tariffs unseen for generations.

    History teaches us that protectionism and unilateralism were among the factors that led to some of the 20th century’s most devastating conflicts. We must never forget those lessons. Collaboration among nations is essential to ensuring lasting peace and prosperity.

    As the Confucian saying goes, “和而ä¸�å�Œ”, harmony in diversity. We may differ in our histories, cultures and systems, but we can still work together in pursuit of common goals.

    Ladies and gentlemen, the challenges we face today, from protracted conflicts and climate change to widening development gaps, are complex and inter-connected. They cannot be resolved by a divided world. That is why the global community must stand by its commitment to multilateralism, and support the institutions and efforts to address these and many other issues.

    These are values that China, our country, firmly embraces. We advocate for an equitable multipolar world and inclusive globalisation, striving to build a community with a shared future for mankind.

    At a time of uncertainties in the global economy stemming from escalating tariff measures, our country’s message and actions are clear and consistent: China welcomes global business, remains committed to high-level opening-up, and will continue to be a source of stability and growth in the international system.

    Hong Kong, under the “one country, two systems” principle, has long served as a “super connector” between China and the rest of the world. This role demands that we remain what we have always been: an open, diverse and vibrant international city, a free port and a staunch supporter of free trade. No less important, we are committed to the rule of law backed by a judiciary exercising powers independently, firmly protecting the rights of our residents and businesses.

    I’m pleased to say that the international business community recognises our commitment, as reflected in numerous surveys and the growing number of companies choosing Hong Kong to establish their base.

    Allow me to highlight a few key areas where Hong Kong and Europe can work together to seize opportunities in today’s evolving global trade and financial landscape.

    First, as the Mainland continues to open its economy, Hong Kong serves as a strategic gateway for European companies to access the immense opportunities offered by the Greater Bay Area and the broader Chinese Mainland market. And with supply chains undergoing significant realignment, our deep ties with ASEAN (the Association of Southeast Asian Nations) make Hong Kong an ideal connector to those markets as well.

    In the financial sector, there’s an increasing demand from global investors to diversify their asset allocation. Hong Kong’s capital market provides unparalleled access to investment opportunities in one of the world’s fastest-growing regions. Hong Kong is also a global leader in asset and wealth management, providing huge opportunities for European firms in the industry.

    Climate action is another area of promising collaboration. Hong Kong is firmly committed to achieving carbon neutrality by 2050. But more than that, we are keen to work with the EU to contribute to global decarbonisation, in such areas as technology partnership, green finance, climate risk disclosures and green taxonomies.

    As Ambassador Rouse noted just now, the annual Green Way conference on sustainability, organised by the EU Office in Hong Kong, advances dialogue and co-operation. And we are happy to explore more partnerships with you in this connection.

    Beyond business and finance, we continue to treasure and welcome cultural co-operation. This includes longstanding partnerships in cultural exchange, like the annual French May Arts Festival, which is now on. Italy, let me add, is this year’s country partner for Business of Design Week.

    And, I’m glad to hear more good news: the first Europe Day Festival in Hong Kong will take place this Saturday at PMQ. The family-focused event will feature live performances. Plus plenty of fine food and drinks, dance workshops and all the cultural richness and diversity that the EU’s 27 member states offer. For that, and so much more, my thanks to the EU Office and all the EU member state Consulates General.

    Ladies and gentlemen, the opportunities for deeper co-operation between Hong Kong and the EU are long-term and far-reaching. Let us work together to seize that promise for our economies and our peoples.

    May our longstanding ties continue to flourish. Thank you very much.

    MIL OSI Asia Pacific News –

    May 10, 2025

  • MIL-OSI USA: King, Bipartisan Colleagues Collaborate to Expand Tax Credit for Small Businesses Investing in Research & Development

    US Senate News:

    Source: United States Senator for Maine Angus King
    WASHINGTON, D.C. – Today, U.S. Senator Angus King (I-ME), a member of the Senate Armed Services Committee (SASC), is cosponsoring bipartisan legislation to help the United States outcompete foreign adversaries like China that are significantly investing in research and development (R&D). The American Innovation and Jobs Act would help American small businesses expand and strengthen research and development (R&D) by extending and making permanent vital tax credits –allowing full expensing of R&D—previously included in the 2017 Tax Cuts and Jobs Act.
    Companies and startups investing in R&D have long been able to either claim a tax credit or deduct their investments, which helps them to invest in developing new, innovative products. The legislation would also permanently restore full expensing of R&D costs while allowing businesses to retroactively take advantage of the deduction for the tax years during which full expensing had expired.
    “’Made in America’ products are essential to demonstrating American superiority on the world stage – from maintaining access to critical supply chains to preserving control of sensitive intellectual property,” Senator King said. “The bipartisan American Innovation and Jobs Act will allow American small businesses to innovate and grow their footprints with the certainty of expanded, permanent tax credits that make this critical research more economically desirable. I want to thank my colleagues on both sides of the aisle for recognizing the importance of strengthening American industry to build jobs here at home, address national security challenges, and compete on the global stage.”
    More specifically, the American Innovation and Jobs Act would:
    Restore incentives for long-term R&D investment by ensuring that companies can continue to fully deduct R&D expenses each year by repealing the change made by the Tax Cuts and Jobs Act to section 174 of the tax code.
    Expand support for innovative startups by:
    Immediately doubling the cap on the refundable R&D tax credit from $250,000 to $500,000, and ultimately raising it to $750,000 over ten years.
    Expanding access to the R&D tax credit for startups by lowering certain threshold needed to qualify.
    Expand the number of startups eligible to use the refundable R&D credit by:
    Increasing the eligibility threshold from $5 million to $15 million in gross receipts.
    Increasing the period during which startups can claim the credit from 5 years to 8 years after beginning to generate at least $25,000 in revenue.
    In addition to King, cosponsors of the legislation include Senators Todd Young (R-IN), Maggie Hassan (D-NH), James Lankford (R-OK), Jeanne Shaheen (D-NH), Steve Daines (R-MT), Mark Warner (D-VA), John Barrasso (R-WY), Jacky Rosen (D-NV), Thom Tillis (R-NC), Gary Peters (D-MI), Roger Marshall (R-KS), Alex Padilla (D-CA), Tommy Tuberville (R-AL), Patty Murray (D-WA), John Kennedy (R-LA), Amy Klobuchar (D-MN), Pete Ricketts (R-NE), Mark Kelly (D-AZ), Katie Britt (R-AL), Tim Kaine (D-VA), Shelley Moore Capito (R-WV), Catherine Cortez Masto (D-NV), Deb Fischer (R-NE), Tammy Baldwin (D-WI), Jerry Moran (R-KS), Ben Ray Lujan (D-NM), Bill Hagerty (R-TN), Chris Coons (D-DE), Markwayne Mullin (R-OK), Elissa Slotkin (D-MI), Roger Wicker (R-MS), Ted Budd (R-NC), Jon Ossoff (D-GA), Jon Husted (R-OH), and Martin Heinrich (D-NM.).
    The legislation is endorsed by the R&D Coalition, which includes companies of all sizes and many trade associations including Business Roundtable, National Association of Manufacturers, Information Technology Industry Council, and the U.S. Chamber of Commerce.
    As a member of the Senate Armed Services Committee, Senate Select Committee on Intelligence, and Senate Energy & Natural Resources Committee, Senator King is committed to advancing American competitiveness in 21st century technologies and reducing America’s reliance on fossil fuels while improving national security and strengthening cyberdefenses. Senator King is the co-chair of the Senate Semiconductor Caucus, and has been one of the Senate’s leading advocates for improving battery technology and recycling as a way to strengthen national security and create good-paying American jobs. He was also a cosponsor of the Critical Minerals Security Act to direct the U.S. Department of the Interior to evaluate the global supply and ownership of critical minerals, establish a process to assist U.S. companies seeking to divest critical minerals operations in foreign countries, and develop a method for sharing intellectual property for clean mining and processing technologies with U.S. allies and partners.
    Full text of the legislation can be found here.

    MIL OSI USA News –

    May 10, 2025

  • MIL-OSI Global: I’m a business professor who asked dozens of former students how they define success. Here are their lessons for today’s grads

    Source: The Conversation – USA – By Patrick Abouchalache, Lecturer in Strategy and Innovation, Boston University

    As the Class of 2025 graduates into an uncertain and fast-changing working world, they face a crucial question: What does it mean to be successful?

    Is it better to take a job that pays more, or one that’s more prestigious? Should you prioritize advancement, relationship building, community impact or even the opportunity to live somewhere new? Sorting through these questions can feel overwhelming.

    I am a business school professor who spends a lot of time mentoring students and alumni in Generation Z – those born between 1997 and 2012. As part of this effort, I’ve surveyed about 300 former undergraduate students and spoken at length with about 50 of them.

    Through these conversations, I’ve watched them wrestle with the classic conflicts of young adulthood – such as having to balance external rewards like money against internal motivations like wanting to be of service.

    I recently revisited their stories and reflections, and I compiled the most enduring insights to offer to the next generation of graduates.

    Here’s their collective advice to the Class of 2025:

    1. Define what matters most to you

    Success starts with self-reflection. It means setting aside society’s noise and defining your own values.

    When people are driven by internal rewards like curiosity, purpose or pleasure in an activity itself – rather than outside benefits such as money – psychologists say they have “intrinsic motivation.”

    Research shows that people driven by intrinsic motivation tend to display higher levels of performance, persistence and satisfaction. Harvard Business School professor Teresa Amabile’s componential theory further suggests that creativity flourishes when people’s skills align with their strongest intrinsic interests.

    The alternative is to “get caught up in society’s expectations of success,” as one consulting alum put it. She described struggling to choose between a job offer at a Fortune 500 company or one at a lesser-known independent firm. In the end, she chose to go with the smaller business. It was, she stressed, “the right choice for me.” This is crucial advice: Make yourself proud, not others.

    One related principle I share with students is the “Tell your story” rule. If a job doesn’t allow you to tell your story – in other words, if it doesn’t mirror your vision, values, talents and goals – keep looking for a new role.

    2. Strive for balance, not burnout

    A fulfilling life includes time for relationships, health and rest. While many young professionals feel endless pressure to hustle, the most fulfilled alumni I spoke with learned to take steps to protect their personal well-being.

    For example, a banking alum told me that business once dominated his thoughts “24/7.” He continued, “I’m happier now that I make more time for a social life and paying attention to all my relationships – professional, personal, community, and let’s not forget myself.”

    And remember that balance and motivations can change throughout your life. As one alum explained: “Your goals change and therefore your definition of success changes. I think some of the most successful people are always adapting what success means to them – chasing success even if they are already successful.”

    3. Be kind, serve others and maximize your ‘happy circle’

    “Some people believe to have a positive change in the world you must be a CEO or have a ton of money,” another alum told me. “But spreading happiness or joy can happen at any moment, has no cost, and the results are priceless.”

    Many alumni told me that success isn’t just a matter of personal achievement – it’s about giving back to society. That could be through acts of kindness, creativity, innovation, or other ways of improving people’s lives. A retail alum shared advice from her father: “When your circle is happy, you are going to be happy,” she said. “It’s sort of an upward spiral.”

    Your “happy circle” doesn’t need to consist of people you know. An alum who went into the pharmaceutical industry said his work’s true reward was measured in “tens of thousands if not millions of people” in better health thanks to his efforts.

    In fact, your happy circle doesn’t even need to be exclusively human. An alum who works in ranching said he valued the well-being of animals – and their riders – more than money or praise.

    4. Be a good long-term steward of your values

    Success isn’t just about today – it’s what you stand for.

    Several alumni spoke passionately about stewardship: the act of preserving and passing on values, relationships and traditions. This mindset extended beyond family to employees, customers and communities. As one alum who majored in economics put it, success is “leaving a mark on the world and creating a legacy that extends beyond one’s quest for monetary gain.”

    One alum defined success as creating happiness and stability not just for herself, but for her loved ones. Another, who works in hospitality, said he had a duty to further his employees’ ambitions and help them grow and develop – creating a legacy that will outlast any title or paycheck.

    In an analysis by the organizational consulting firm Korn Ferry, Gen Z employees were found to be more prone to burnout when their employers lacked clear values. These findings reinforce what my students already know: Alignment between your values and your work is key to success.

    Final words for the Class of 2025

    To the latest crop of grads, I offer this advice: Wherever life takes you next — a family business or corporate office, Wall Street or Silicon Valley, or somewhere you can’t even imagine now — remember that your career will be long and full of ups and downs.

    You’ll make tough choices. You’ll face pressures. But if you stay grounded, invest in your well-being, celebrate your happy circle and honor your values, you’ll look back one day and see not just a job well done, but a life well lived.

    Bon voyage!

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

    – ref. I’m a business professor who asked dozens of former students how they define success. Here are their lessons for today’s grads – https://theconversation.com/im-a-business-professor-who-asked-dozens-of-former-students-how-they-define-success-here-are-their-lessons-for-todays-grads-256189

    MIL OSI – Global Reports –

    May 10, 2025

  • MIL-OSI Global: Nitrous oxide recreational use is linked to brain damage and sudden death − but ‘laughing gas’ is still sold all over the US

    Source: The Conversation – USA – By Andrew Yockey, Assistant Professor of Public Health, University of Mississippi

    Nitrous oxide is often inhaled with a balloon. Matt Cardy/Getty Images News

    The U.S. Food and Drug Administration is warning Americans about the ever-increasing and potentially deadly recreational use of nitrous oxide products, particularly among young people.

    Marketed with names like “Galaxy Gas” and “Miami Magic,” and often sold in steel cartridges known as “whippets,” these products are cheap and readily available at gas stations, convenience stores, smoke shops and major retail outlets, including Walmart. They’re also sold online.

    As an assistant professor of public health who studies these products, I’m aware of how dangerous they can be.

    Recreational and continued use of nitrous oxide can cause a wide range of serious health problems, and in some cases, death.

    A long list of potential harms

    The list of serious side effects from frequent use is long. It includes: cognitive impairment, memory problems, hallucinations, headaches, lightheadedness, mood disturbances, blood clots, limb weakness, trouble walking, peripheral neuropathy, impaired bowel or bladder function, spinal cord degeneration and irreversible brain damage. Vitamin B-12 deficiency is common and can lead to nerve and brain damage.

    Deaths in the U.S. attributed to abuse of nitrous oxide jumped more than 100% between 2019 and 2023; over a five-year period, emergency department visits rose 32%.

    All told, more than 13 million Americans have misused nitrous oxide at least once during their lifetimes. This includes children: In 2024, just over 4% of eighth graders and about 2% of 12th graders said they’ve tried inhalants. Nitrous oxide is among the most abused of these inhalants due to its low cost, easy availability and commercial appeal – one flavor of the gas is named “pink bubble gum.”

    Pure nitrous, inhaled for a quick high, can be lethal.

    Laughing gas parties

    Because of legal loopholes in the Food and Drug Administration Act, nitrous oxide remains unregulated. What’s more, U.S. scientists have done relatively little research on its abuse, partly because the public still perceives the substance as benign, particularly when compared with alcohol.

    The few studies on the use of nitrous oxide are limited mainly to case reports – that is, a report on a single patient. Although limited in scope, they’re alarming.

    More thorough studies are available in the United Kingdom and Europe, where there’s even more demand for the product. One example: Over a 20-year period, 56 people died in England and Wales after recreational use. Typically, deaths occur from hypoxia, which is the lack of oxygen to the brain, or accidents occurring while intoxicated by the gas, such as car wrecks or falls.

    Americans have known about the effects of nitrous oxide for centuries. Before becoming a medicinal aid, nitrous oxide was popular at “laughing gas” parties during the late 1700s.

    Physicians began using it in the U.S. around the mid-19th century after Horace Wells, a dentist, attended a stage show – called “Laughing Gas Entertainment” – and saw the numbing effect that nitrous oxide had on audience volunteers. By coincidence, Wells was having a wisdom tooth removed the next day, so he tried the gas during his procedure. The nitrous oxide worked; Wells said he felt no pain. Thereafter, medicinal use of the gas was gradually accepted.

    Today, nitrous oxide is often used in dentist offices. It’s safe under a doctor’s supervision as a mild sedative that serves as a pain reliever and numbing agent.
    Nitrous oxide also benefits some patients with severe psychiatric disorders, including treatment-resistant depression and bipolar depression. It may also help with anxiety and pain management.

    Bans and restrictions

    No federal age restrictions exist for purchasing nitrous oxide products, although a few states have passed age limits.

    As of May 2025, four U.S. states – Louisiana, Michigan, Alabama and California – have banned the recreational use of nitrous oxide, and more than 30 states are working on legislation to ban or at least restrict sale of the products. In addition, numerous lawsuits filed against the manufacturers are in court.

    Research shows school prevention programs help keep kids from using these products. So does early screening of patients by primary care and mental health physicians. The sooner they can intervene, the more likely that ongoing therapy will work.

    Through appropriate legislation, regulation, education and intervention, nitrous oxide abuse can be slowed or stopped. Otherwise, these products – with their sleek packaging and attractive social media campaigns that obscure their dangers – remain a growing threat to our children.

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

    – ref. Nitrous oxide recreational use is linked to brain damage and sudden death − but ‘laughing gas’ is still sold all over the US – https://theconversation.com/nitrous-oxide-recreational-use-is-linked-to-brain-damage-and-sudden-death-but-laughing-gas-is-still-sold-all-over-the-us-254983

    MIL OSI – Global Reports –

    May 10, 2025

  • MIL-OSI USA: Neag School Class of 2025 Student Profile: Michael Santos

    Source: US State of Connecticut

    Editor’s Note: As Commencement approaches, we are featuring some of our Neag School Class of 2025 graduating students over the coming days.


    Major:     BS, Sport Management and minor in Digital Marketing and Analytics
    Hometown:     East Granby, Connecticut

    Q: Why did you choose UConn?

    A: As a Connecticut native, I grew up admiring UConn’s athletic programs. Choosing UConn felt natural — not only because of that connection but also because of the wide range of academic and experiential opportunities available to students here.

    Q: What’s your major or field of study, and what drew you to it?

    A: I’m majoring in sport management with a minor in digital marketing and analytics. I’ve always known I wanted to work in sports, and UConn allowed me to shape my academic path around that passion, especially within sport marketing.

    Q: Did you have a favorite professor or class?

    A: My favorite class was EDLR 3091, the Sport Internship course taught by Dr. Danielle DeRosa. While most of the learning happened outside the classroom, it gave me the most hands-on insight into how an athletic department operates and what it’s really like to work in sports.

    Q: What activities were you involved in as a student?

    A: I was a member of the UConn club baseball team, interned with UConn Sport Properties and the UConn Athletics marketing department, and was actively involved in the UConn Sport Business Association and the UConn Sport Business Conference.

    Q: What’s one thing that surprised you about UConn?

    A: By the end of my four years, I was surprised at how many familiar faces I had come to recognize — students, professors, and coworkers. UConn started to feel smaller in the best way, and I really appreciated that sense of community.

    Q: What are your plans after graduation/receiving your degree?

    A: I plan to pursue a career in the sports industry, ideally within partnerships or sponsorships.

    Q: How has UConn prepared you for the next chapter in life?

    A: UConn taught me not only technical skills but also how to be adaptable. It helped me grow more independent, become comfortable with uncertainty, and learn through experience — lessons that I know will carry into my career.

    UConn taught me not only technical skills but also how to be adaptable. &#8212 Michael Santos

    Q: Any advice for incoming students?

    A: Don’t stay in your dorm all day! Put yourself out there — join clubs, meet new people, try new things. Whether you love it or realize it’s not for you, it’s all part of figuring out what you really enjoy.

    Q: What’s one thing everyone should do during their time at UConn?

    A: Attend the UConn Sport Business Conference — it’s a great opportunity to connect, learn, and get inspired by professionals in the industry.

    Q: What will always make you think of UConn?

    A: Winning championships — UConn is the Basketball Capital of the World!

    MIL OSI USA News –

    May 10, 2025

  • MIL-OSI United Kingdom: Another boost for British car industry as £1 billion secured for new Sunderland gigafactory

    Source: United Kingdom – Executive Government & Departments

    Press release

    Another boost for British car industry as £1 billion secured for new Sunderland gigafactory

    New state-of-the-art gigafactory ignites growth in industrial heartlands, supporting 1,000 jobs and powering up 100,000 electric vehicles a year

    • Chancellor visited Sunderland today following landmark economic deal with the US that saved thousands of auto jobs and slashed tariffs on car exports
    • Latest action in the Government’s Plan for Change to strengthen our industrial heartlands, make Britain a clean energy superpower and put more money in people’s pockets through good jobs

    Working people will benefit from 1,000 jobs at a new state-of-the-art gigafactory in Sunderland in a £1 billion auto deal to accelerate the transition to electric vehicles and boost growth.

    This investment is another boost for the British car industry after yesterday’s landmark economic deal with the United States saved thousands of jobs by slashing tariffs on British exports.

    The new AESC gigafactory will manufacture batteries for electric vehicles, powering up to 100,000 EVs each year – a six-fold increase on the country’s current capacity – making the UK globally competitive selling more British EVs at home and abroad and helping to achieve our net zero target.

    In the landmark transaction, the National Wealth Fund and UK Export Finance will provide financial guarantees which unlock £680 million in financing from banks including Standard Chartered, HSBC, SMBC Group, Societe Generale and BBVA. This will cover construction and operation of the new plant. The remaining £320 million has been secured through private financing in addition to new equity provided by AESC.

    In addition to this £1 billion investment, the Government’s Automotive Transformation Fund is also investing £150 million in grant funding.

    This is the Government’s Plan for Change in action, making us more competitive on the world stage, helping Britain on its way to becoming a clean energy superpower through innovation in the automotive sector, and delivering economic growth that puts more money in people’s pockets through high skilled jobs.

    Chancellor of the Exchequer, Rachel Reeves, said:

    We are going further and faster to boost our industries’ resilience and encourage their growth as part of our Plan for Change, and this investment follows hot on the heels of yesterday’s landmark economic deal with the US which will save thousands of jobs in the industry.

    This investment in Sunderland will not only further innovation and accelerate our move to more sustainable transport, but it will also deliver much-needed high quality, well-paid jobs to the North East, putting more money in people’s pockets.

    Business and Trade Secretary, Jonathan Reynolds, said:

    We’re backing our world-class car industry, and this investment is yet another vote of confidence in the North East’s thriving auto manufacturing hub which will secure a thousand well-paid jobs and boost prosperity across the region.

    Our modern Industrial Strategy will drive this growth even further, powering our high-potential sectors like advanced manufacturing so we can deliver jobs and investment in every corner of the UK and make our Plan for Change a reality.

    The Chancellor visited AESC in Sunderland today (Friday 9 May) where she met staff and local leaders to discuss how the investment will bring jobs and prosperity to the North East, and how the landmark economic deal secured with the US will secure the industry for years to come.

    The deal slashes car export tariffs from 27.5% to 10% and will apply to a quota of 100,000 UK cars – almost the total exported last year.

    This will save some car companies hundreds of millions of pounds, making high skilled jobs in industrial heartlands like Sunderland more secure.

    Shoichi Matsumoto, CEO of Japanese headquartered AESC, said:

    This investment marks a key milestone in AESC’s ongoing efforts to support the UK’s path towards decarbonisation and the expansion of its EV market.

    Through close collaboration with strategic partners, we strive to accelerate this transition while creating high-quality local jobs and building resilient, sustainable supply chain.

    We are honoured to contribute to the development of low-carbon economy with our advanced battery technologies.

    John Flint, National Wealth Fund CEO, said:

    AESC’s gigafactory will not only help to retool our car industry for net zero it will also support jobs, growth, and prosperity in the Northeast.

    This investment further demonstrates the significant role NWF is playing to crowd private capital into the industries and regions where its most needed, boosting government’s growth and clean energy missions.

    UKEF CEO, Tim Reid, said:

    This hugely exciting project is a prime example of how export financing is a powerful tool for unlocking growth opportunities for British exporters and strengthening local economies.

    We’re proud to join forces with partners to back this pioneering gigafactory that will help cement the UK’s prowess as an EV battery-making force for years to come.

    More information

    • The government continues to unlock private investment in UK automotive design, development, and manufacturing as the sector transitions to zero emission technology.
    • To date, the Automotive Transformation Fund and Advanced Propulsion Centre funding programmes have leveraged over £6 billion of investment from the private sector.
    • Last year’s Autumn Budget also confirmed over £2 billion for capital and research and development funding over five years for zero emission vehicle manufacturing and their supply chains – a vote of confidence in the UK’s automotive industry, supporting investment and productivity growth.

    Additional quotes

    Ian Stuart, UK CEO for HSBC who were joint ECA Coordinator & Structuring Bank (alongside SCB) as well as Underwriting Bank and Mandated Lead Arranger, said:

    We’re extremely proud to have played a leading role in this complex and significant deal, including as underwriter, structuring bank and joint ECA co-ordinator.

    Once operational, the gigafactory will unlock a huge increase in the UK’s EV battery production, supporting the electrification of vehicles and the wider green transition. The inward investment involved in the project will also deliver highly-skilled jobs and economic growth to North East England.

    Hideo Kawafune, CEO, Head of EMEA, SMBC Banking International plc said:

    SMBC Group is delighted to participate in the successful financing of this landmark Gigafactory project. As a lending partner we’re proud to work alongside partners such as National Wealth Fund, UK Export Finance and Sinosure, as well as existing client AESC, in order to support projects which power the energy transition.” 

    Saif Malik, CEO, UK and Head, Client Coverage, UK, Standard Chartered said:

    We are proud to support this transformative UK project. The development of AESC’s new gigafactory will deliver significant economic benefits locally while supporting the development of zero-emission technology. This is more than an investment in infrastructure, it’s a commitment to innovation, UK economic growth and sustainability. Supporting the transition to net zero is deeply embedded in how we operate as a Bank, and this project reflects how we bring that to life by supporting clients on their own sustainability journeys.

    Lenaig Trenaux, Societe Generale’s Global Head of Batteries, Mining and Industries, said:

    We are proud to have worked with AESC to deliver the first gigafactory project financing in the UK, which has benefitted from strong support from the National Wealth Fund and UK Export Finance.

    Societe Generale’s deep understanding of the EV value chain, coupled with our experience working with AESC, were instrumental in delivering the project financing.

    This is another demonstration of SG’s commitment to the green mobility and another step towards the energy transition.

    Beatriz Roa, Global Sectoral Head of Industrials at BBVA, states:

    BBVA is proudly supporting AESC in this landmark project in the UK. This gigafactory will help foster the transition to electric vehicles while supporting the buildup of an entire ecosystem around battery manufacturing in Sunderland. These are key objectives in BBVA’s efforts to support the transition to a more sustainable economy and to the auto and energy industries in particular.

    Share this page

    The following links open in a new tab

    • Share on Facebook (opens in new tab)
    • Share on Twitter (opens in new tab)

    Updates to this page

    Published 9 May 2025

    MIL OSI United Kingdom –

    May 10, 2025
←Previous Page
1 … 204 205 206 207 208 … 531
Next Page→
NewzIntel.com

NewzIntel.com

MIL Open Source Intelligence

  • Blog
  • About
  • FAQs
  • Authors
  • Events
  • Shop
  • Patterns
  • Themes

Twenty Twenty-Five

Designed with WordPress