Category: Commerce

  • MIL-OSI USA: AG Labrador Issues Fraud and Safety Alert Regarding Deceptive Door-to-Door Sales Technique Reported in Idaho

    Source: US State of Idaho

    Home Newsroom AG Labrador Issues Fraud and Safety Alert Regarding Deceptive Door-to-Door Sales Technique Reported in Idaho

    BOISE — Attorney General Raúl Labrador issued a Consumer Alert today warning Idahoans about door-to-door salesmen falsely claiming to offer a government inspection and free audit program for energy efficiency and weatherization as a pretext to gain entry into homes. Multiple official sources have confirmed that no such government programs currently exist in Idaho.
    “As warmer weather arrives this summer, more door-to-door sales activity is expected across Idaho,” said Attorney General Labrador. “Most businesses operate honestly, but consumers should always be cautious of scams and bad actors. You should never feel obligated to let a stranger into your home without verifying who they are. Your personal safety should always come first.”
    Idaho consumers should remain vigilant about door-to-door sales, regardless of the product or service being offered, the Attorney General cautioned. Many cities and counties across Idaho require door-to-door salespersons to register and obtain permits. Consumers have the right to request to see this permit. If a salesperson cannot produce one, the consumer should immediately report them to the appropriate city or county authorities.
    If you believe a business has engaged in deceptive or misleading sales practices or has otherwise violated the Idaho Consumer Protection Act, you are encouraged to file a complaint with the Idaho Attorney General’s Consumer Protection Division. Complaints can be submitted online using the Consumer Complaint Form, where consumers may also upload documents that support their concerns.
    The Attorney General’s Consumer Protection Division offers an informal dispute resolution process by forwarding the complaint to the business and requesting a written response. While our office cannot compel a business to resolve a complaint, many businesses respond constructively when contacted.
    In addition to reporting to our office, the Federal Trade Commission recommends submitting fraud reports at www.ReportFraud.ftc.gov.
    Please note: The Attorney General’s Office is not authorized to provide legal advice to private individuals or organizations. If you require legal guidance, we encourage you to consult a private attorney.

    MIL OSI USA News

  • MIL-OSI Security: Former Georgia Church Bookkeeper Sentenced to Prison for Fraud

    Source: Office of United States Attorneys

    Florida Woman Stole $173,500 from Church’s Peanut Butter and Jesus Charitable Program

    ALBANY, Ga. – A Florida woman who served as the bookkeeper for an Alapaha, Georgia, church was sentenced to federal prison and ordered to pay back $173,500 in restitution for falsely applying for and then stealing federal loan money designated for use by the church and the church’s Peanut Butter and Jesus (PB&J) charitable organization, which provides food and hope for the community.

    Judith Alane Chavis, 58, of Sorrento, Florida, was sentenced to serve 21 months in prison per count to run concurrently to be followed by three years of supervised release and $173,500 in restitution by U.S. District Judge Louis Sands on April 29, 2025. Chavis previously pleaded guilty to five counts of wire fraud in relation to a disaster benefit and ten counts of money laundering on Oct. 30, 2024. There is no parole in the federal system.

    “Individuals who use places of worship and charitable organizations for their fraud and theft will be rooted out and face consequences for their criminal actions,” said Acting U.S. Attorney C. Shanelle Booker. “I want to express my gratitude to our FBI partners for their ongoing efforts to combat fraud and ensure accountability for these crimes.”

    “Chavis betrayed the confidence the church had placed in her by misappropriating funds intended to support its mission,” said Paul Brown, Special Agent in Charge of FBI Atlanta. “We hope that this federal prison sentence offers some measure of closure to the church and its congregation and serves as a warning to others who might exploit the trust of faith-based or charitable institutions for personal enrichment.”

    According to court documents, Chavis was a volunteer bookkeeper for both the Glory Church of Alapaha and its charity, the Peanut Butter and Jesus Outreach (PB&J), from 2018 until August 2022. Chavis was authorized to write checks; the Church’s and PB&J’s bank statements were only sent to her. Between August 2020 and March 2022, Chavis applied for and was granted $163,500 of Economic Injury Disaster Loans (EIDL) from the United States Small Business Administration (SBA) on behalf of the Church and PB&J without the Church’s or PB&J’s authorization or knowledge and using the Church’s letterhead. Chavis also falsely designated herself as treasurer in the request for funds, signing the letter herself. On March 7, 2022, Chavis submitted a signed certification stating members of the Church’s finance committee approved the second modification of the loan. No such approval occurred. In June 2021, Chavis submitted requests for targeted advances on behalf of the Church without the Church’s authorization or knowledge. The SBA granted the requests and deposited $15,000 in the Church’s account. Chavis transferred almost all of the EIDL and advance funds from the Church’s and PB&J’s accounts, totaling $173,500, to her personal checking account using the Church’s and PB&J’s checks that she made out to herself and signed without the Church’s or PB&J’s authorization or knowledge. She used the money for personal expenses including travel and large purchases.

    FBI Atlanta’s Valdosta Resident Agency investigated the case.

    Assistant U.S. Attorney Hannah Couch Hostetler prosecuted the case for the Government.

    MIL Security OSI

  • MIL-OSI: PayOS Teams Up with Mastercard and Visa Intelligent Commerce, Emerges From Stealth to Power AI-Driven Payments

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, April 30, 2025 (GLOBE NEWSWIRE) — PayOS, the first card-native payments infrastructure for AI agents, today emerged from stealth and announced collaborations with Mastercard and Visa. Through partnerships with Mastercard to leverage Mastercard Agentic Tokens, and with Visa Intelligent Commerce, an initiative that opens Visa’s payment network to developers building AI agents transforming commerce. PayOS will deliver AI developers direct, global access to the world’s leading payment networks.

    PayOS lets developers add checkout, billing, and money movement to agentic workflows unlocking new use cases in AI commerce.

    The card-native system lets users link a card once and enable it across agentic workflows—with human-in-the-loop controls, PCI security, support for every major card network, and full processor flexibility.

    “Our vision is simple: empower autonomous agents to handle money as effortlessly—and safely—as humans do,” said Johnathan McGowan, Co-Founder and CEO of PayOS. “PayOS makes that vision a reality, powering secure and frictionless commerce for the agent-driven economy.”

    “Agentic commerce won’t scale without fixing payments,” added Aparna Krishnan Girish, Co-Founder and CPO. “PayOS unlocks entirely new experiences by removing that friction.”

    The founding team brings deep payments expertise—solving the last-mile challenge for the agent-driven economy.

    Learn more in the PayOS launch blog: https://payos.ai/blog/payos-launch

    Partner Perspectives:
    Seema Chibber, Executive Vice President, Core Payments, Mastercard, North America: “Harnessing the potential of AI to enable seamless, secure, and intelligent transactions will define the future of commerce. With Mastercard Agent Pay, we are taking our proven tokenization technology to new heights and empowering people and businesses to transact with trust, security, and control. PayOS clearly shares this vision, and we’re excited to team up to expand the reach and impact of agentic commerce globally.”

    Rodney Robinson, CEO, TabaPay Inc: “We’re proud to partner with PayOS to power agentic payments—pull, push, and billing for AI agents — enabling seamless transactions at scale.”

    Howard Xiao, Head of Strategic Partnerships at VGS: “Tokenization is at the forefront of empowering agentic commerce and we’re proud to partner with PayOS, a pioneer for agentic card payment platforms.”

    Early-Access Partners Already Exploring Agentic-Commerce Applications

    PayOS has partnered with founding early-access partners INKPAY and Knowlee, who are currently exploring diverse agentic-commerce use cases alongside an expanding roster of AI-first startups.

    Robert Towles, CEO at INK Holdings, INK Games, and INKPAY stated: “Agentic Payments will change the future of payments in the gaming industry, and we are excited to be an early adopter and leader in agentic commerce. We’re proud to partner with PayOS, a pioneer in agentic card payment platforms.”

    Developers, fintechs, and AI platforms can apply for early access at https://payos.ai

    About PayOS
    PayOS is a next-generation card-native payments and billing platform powering agent-driven commerce. The platform enables agents to securely vault cards, streamline checkouts, send and receive payments, and manage billing—all through a unified, compliant system. Founded in 2025 and backed by industry veterans, PayOS is headquartered in San Francisco.

    Visa is a registered trademark of Visa International Service Association.

    Mastercard is a registered trademark of Mastercard International Incorporated.

    The MIL Network

  • MIL-OSI USA: TRANSCRIPT: LEADER JEFFRIES REMARKS ON PRESIDENT TRUMP’S FIRST 100 DAYS

    Source: United States House of Representatives – Congressman Hakeem Jeffries (8th District of New York)

    Today, Democratic Leader Hakeem Jeffries delivered the following speech on what a disaster for the American people that Donald Trump’s first 100 days have been and how costs, chaos and corruption are all up, thanks to the President and his Rubber Stamp Republicans.

    Good morning. Good morning. Thank you. Thank you, everyone. Good morning. Good morning. Thank you. Good morning. Good morning. Good morning.

    Right at the top, let me make one thing clear: The Trump administration has been a disaster. 100 days in, Donald Trump and Elon Musk have failed to make your life more affordable. They failed to make you safer. They failed to make us more respected around the world. But their biggest failure is this: they have failed to appreciate the strength of the American people.

    During the dawn of the Republic, it was once observed that when people fear the government, there is tyranny. When the government fears the people, there is liberty.

    Donald Trump and Republicans thought they could shock and awe us into submission. They thought we would be too complacent to stand up for liberty and justice for all. They thought we would walk away from the principle of equal protection under the law. They thought wrong. They thought wrong. They thought wrong.

    Trump’s unconstitutional assault on the American way of life is unprecedented, but the so-called dictator on day one is learning an important lesson. Americans don’t bend the knee to bullies. In the face of tyranny, we join together. In the face of tyranny, we rise up together. In the face of tyranny, we get into some good trouble together. And we’re just getting started.

    100 days in, Donald Trump has the lowest approval rating of any president in modern American history. 100 days in, voters have elected Democrats in Republican-held districts all across the country, including in Iowa and Pennsylvania. 100 days in, Elon Musk spent $25 million to buy a state supreme court seat in Wisconsin, and lost by double digits. 100 days in, more than 200 different lawsuits have been filed against the unconstitutional and unlawful executive orders of Donald Trump, and the American people are winning in court. 100 days in, principled opposition to Republican extremism is taking shape from sea to shining sea. The American people are rising up and making it clear that the Trump administration has a lot to fear.

    When my oldest son JJ was 9 years old, he played travel baseball with a group of his friends. Many of you know that travel sports can be taxing on the schedule. It’s a labor of love for our children. During the season, it seems like almost every weekend for several months, you’re on the road. And so, this one particular Memorial Day weekend, JJ had a baseball tournament in a little town off the beaten path somewhere in the Northeast. 

    Travel sports can take you to some interesting places. I decided to make it a road trip and bring my youngest son, Joshua, with us. He was just 6 years old at the time. And so I said to him, he’s gonna come on this trip, and it’ll be like a vacation. What did I say that for, y’all? 

    When I mentioned vacation, he had visions of Atlantis. So we pulled up to the motel where we were staying, and the situation was a bit shaky. My 6 year old looked at the motel, looked at me, looked at the motel and looked at me and said: “Dad, is this where we’re staying?” I said, “Yes, Joshua, why do you ask?” He responded, “Oh my God, Dad, this is a debacle.” 6 years old. I looked at him and asked, “What does the word debacle mean?” He responded quickly. He said: “I don’t know Dad, it’s something bad.”

    This is the moment we are in right now in the United States of America, with Donald Trump and the Republicans in charge. 

    Crashing the economy is something bad. Destroying Medicaid as we know it is something bad. Taking a chainsaw to Social Security is something bad. Raising costs on hardworking American taxpayers is something bad. Firing federal workers, including thousands of veterans who served this country, is something bad. Canceling medical research for children with cancer is something bad. Destroying the retirement accounts of everyday Americans is something bad. Trying to whitewash the most painful parts of our history is something bad. Targeting law-abiding immigrant families is something bad. Undermining the rule of law is something bad. 

    The first 100 days of the Trump administration have been a debacle. Enough. Enough. America is better than this. 

    When the new Congress began in January, Democrats were prepared to get to work in a bipartisan way. The Trump administration chose a different path. Far-right Republicans are tearing America apart, targeting our democratic way of life and tarnishing our reputation as the land of the free. It is wrong, and we will continue to push back aggressively. Donald Trump and the Republicans in Congress have given us 100 days of chaos, 100 days of cruelty and 100 days of corrupt behavior. That is not constructive leadership, it’s a recipe for disaster. 

    The American people deserve common sense leadership, the American people deserve compassionate leadership, the American people deserve courageous leadership that changes things for the better. Our message to the American people is simple: We hear you. We see you. We feel you. Democrats are determined to make life better for you.

    Donald Trump and his sycophants spent yesterday bragging about the speed with which they’ve moved during these first 100 days. They’re right.  Never has a president failed so spectacularly, so often, so quickly as Donald Trump. The White House referred to its strategy for the first 100 days as “shock and awe.” Well, they’re half right. It is shocking how rapidly this administration collapsed into chaos, cruelty and corruption. It is shocking how quickly MAGA Republicans turned their backs on working class Americans. It is shocking how spineless Republicans have been in the United States Congress. And it is shocking and tragic and infuriating how much damage Donald Trump and the Republican party’s policies have already done.

    Here’s the thing. They expected us to step back. But the American people are here to fight back. On the campaign trail, Donald Trump promised to end inflation. He promised to lower costs on day one.  When he was asking for your vote, Donald Trump told you he would make life more affordable for everyday Americans. Now that he’s in office, it’s a different story.

    In March, President Trump was asked if he was worried that car prices would go up because of his tariffs. His reply? “I couldn’t care less.” The cost of living in the United States is too high. America is too expensive. And Donald Trump couldn’t care less. He couldn’t care less that housing costs are too high. He couldn’t care less that grocery costs are too high. He couldn’t care less that childcare costs are too high. He couldn’t care less that health insurance costs are too high. He couldn’t care less that utility costs are too high. Donald Trump couldn’t care less. Prices everywhere are too high, and Donald Trump couldn’t care less. 

    100 days in, Donald Trump is making life harder for you and your family. And every day his costly tariffs stay in place, life in America gets more expensive. American families will pay thousands of dollars more per year. Small businesses are shutting down. Corporations are not hiring. Businesses are unable to invest because of the uncertainty that has been created.  Inflation is on the rise, life is getting more expensive and the reckless economic policies of Donald Trump and House Republicans are driving us toward a recession.

    Republicans in Congress could put a stop to this insanity at any time. Since they won’t, next November, we will. Yes, we will. Yes, we will. Which brings me to Elon Musk. I knew he would get that reaction. 

    We all agree that government should be more efficient. But like most things in life, there’s the American way and then there’s the cruel way. 100 days in, it’s clear that DOGE is not the American way. Cancelling medical research for children with cancer is cruel. Denying relief for communities reeling from natural disasters is cruel. Firing thousands of our veterans, like Joseph Quintinella of Virginia, who served this country in the Marines, is cruel. 

    But their cruelty doesn’t stop there. Republicans actually believe that Social Security is a Ponzi scheme. And they want to take a chainsaw to it. During the first 100 days of the Trump administration, Social Security has faced an unprecedented attack. Social Security offices have been closed, wait times have dramatically increased and people are being denied access to benefits that they have earned. Republicans continue to insist that Social Security is an entitlement program. They think they are entitled to destroy it. 

    When I was 15 years old, I got my working papers and secured my first job. I was a messenger dropping off packages from office building to office building in Midtown Manhattan. My salary was $3.35 per hour. That was the minimum wage back in the day. And I thought that I had made it big, particularly upon learning that as a high school student who worked part time, I wouldn’t have to pay any income tax. So I couldn’t wait to get my first check. 

    On a piece of paper, I multiplied $3.35 by the number of hours I expected to work during my first pay period. I figured out the total, and in my mind, that money was already spent. I couldn’t wait to go to Albee Square Mall in downtown Brooklyn and get some new sneakers so I could dress like Run DMC. But then the check came, and some money was missing. 

    I had two questions, y’all: Who is FICA, and why is he taking my money? 

    Here’s what I learned. All of us pay the FICA tax in connection with Social Security and Medicare. We pay the FICA tax on our first job. We pay the FICA tax on our last job. We pay the FICA tax on every single job we have throughout our lifetime. 

    Social Security and Medicare are not entitlement programs. They are earned benefits. Earned benefits. You work hard for those benefits, pay into those benefits and deserve those benefits. They are earned benefits. 

    Democrats will make sure that Donald Trump and House Republicans keep their hands off your Social Security and your Medicare. Hands off today. Hands off tomorrow. Hands off this week. Hands off next week. Hands off this month. Hands off next month. Hands off this year. Hands off next year. Hands off Social Security and Medicare Forever. Forever. Forever.

    Now, if this administration actually had some common sense, it would look at the damage that it’s done, the rejection from the people, the historic unpopularity of this president, and they would change course. But Donald Trump is doubling down. And instead of being a check and balance on this president’s abuse of power, Republicans in Congress are nothing more than a rubber stamp for his extreme agenda.

    Recently, I met a woman named Mary Beth. She lives in Canton, North Carolina, a town of 4,400 people that is still rebuilding from Hurricane Helene. She has custody of her four grandchildren, ages 10, 12, 15 and 16. Their parents can no longer care for them due to addiction, domestic violence and homelessness. The moment you talk to Mary Beth, you know that caring for those grandkids is everything. 

    And she’s doing it on a fixed income, working part time making $8 an hour at a coin laundry— and is no longer employed—to supplement the disability support that she had received. Mary Beth has had to skip refilling her prescriptions to make sure her grandkids don’t have to skip any meals. 

    Medicaid is the only reason her grandchildren are able to see a doctor, including the youngest, who is dealing with ADHD and autism. Mary Beth works hard, loves her family and is a patriotic American. And Mary Beth is here with us today. 

    But her family, just like millions of others throughout America, is now at risk of losing their healthcare. Why? Republicans are trying to slash Medicaid by up to $880 billion, the largest healthcare cut in American history.  

    And why are Republicans trying to rip healthcare away from working people, from Americans with disabilities, from children, from grandmothers like Mary Beth? So that they can give their billionaire donors like Elon Musk another tax cut. These healthcare cuts will hurt families, hurt women, hurt children, hurt veterans, hurt seniors and hurt disabled Americans. Hospitals will close, nursing homes will shut down and people will die. 

    Here’s the thing, in the United States of America—this is the wealthiest country in the history of the world—healthcare is not a privilege, healthcare is a right for every single American. For every single American. 

    If we were in the majority right now, none of this would be happening. But even in the minority, we are going to do everything we can to protect the healthcare of the American people.

    And we’ll keep reminding our Republican colleagues—especially the ones who vote like extremists but then go home and pretend to be moderates when it’s time to run for re-election— that the people are watching. It’s time for Republicans in Congress to stop being a rubber stamp for Donald Trump’s extreme agenda.

    You don’t work for Donald Trump. You don’t work for Elon Musk. You don’t work for the far-right extremists. You work for the American people.

    As Democrats, we will fight as hard as we can, fight as hard as we can, over the next two years to stop bad things from happening. We will protect our system of free and fair elections.

    And then work hard to convince the American people to entrust us with the majority next November. At that point, we will be able to do much, much more for you.

    We will build an affordable economy that works for everyday Americans. We will confront the climate crisis with the fierce urgency of now. We will block any budget that goes after your Social Security, Medicare or Medicaid. And we will hold the Trump administration accountable for its corrupt abuse of power.

    Over these next 100 days, House Democrats are going to lay out a blueprint for a better America. And you will see a vision for this country’s future that isn’t about Donald Trump. It’s all about you. All about you. How can we make your life better? How can we put more money in your pocket? How can we lower your costs? How can we help you give your kids the future they deserve? These are the questions we are thinking about each and every day.

    Now, the American Dream isn’t about getting something for nothing. You have to work for it. But if you work hard and play by the rules, here’s what you should be able to have: A good-paying job. An affordable home. High-quality healthcare. Education for your children. And the ability to retire with grace and with dignity. That’s the American Dream. That’s the American Dream. That’s the American Dream. And when we’re back in charge, that’s what we will fight hard to deliver for you. 

    In January—late January—I had the opportunity to visit the Altadena community in Los Angeles County that was devastated by the wildfires. I met someone named Jackie Jacobs, an amazing 88-year-old woman who was raised in the Jim Crow South before moving to California. Her home was tragically burned to the ground.  She and her husband, David, who have been married for more than 50 years, barely managed to escape the raging wildfires. All they had was the clothing on their backs. They lost everything else. Photos gone. Possessions gone. Property gone. But the first thing Mrs. Jacobs said to us while touring the devastation was that she gave all glory, all praise and all honor to Almighty God—just as the Scripture teaches us. She believed that things would work out. Several of us teared up. Mrs. Jacobs lost everything, but she never lost her faith. She never lost her faith.

    Republicans have shown that their recipe for governing is chaos, cruelty and corruption. These first 100 days have not been easy. Everything we care about is under assault. The economy is under assault. Healthcare is under assault. Social Security is under assault. Veterans are under assault. Farmers are under assault. The right to organize is under assault. Public schools are under assault. The American way of life is under assault. Democracy itself is under assault. Everything we care about is under assault. 

    But just like Mrs. Jacobs, we must never lose faith. We must never lose faith. Faith in our community. Faith in our country. Faith in a brighter future. Faith in Almighty God. 

    America is a resilient nation. We are a resilient people. We have a resilient Constitution. We will never give up.  We will never give in. We will always show up. We will always speak up. We will always stand up. We will continue our march toward a more perfect union. We will not rest until we end this national nightmare and deliver an America with liberty and justice for all.

    God bless you. God bless our troops. May God continue to bless the United States of America.

    Full speech can be viewed here.

    ###

    MIL OSI USA News

  • MIL-OSI: Bank of the James Announces First Quarter of 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    LYNCHBURG, Va., April 30, 2025 (GLOBE NEWSWIRE) — Bank of the James Financial Group, Inc. (the “Company”) (NASDAQ:BOTJ), the parent company of Bank of the James (the “Bank”), a full-service commercial and retail bank, and Pettyjohn, Wood & White, Inc. (“PWW”), an SEC-registered investment advisor, today announced unaudited results of operations for the three month period ended March 31, 2025. The Bank serves Region 2000 (the greater Lynchburg MSA) and the Blacksburg, Buchanan, Charlottesville, Harrisonburg, Lexington, Nellysford, Roanoke, and Wytheville, Virginia markets.

    Net income for the three months ended March 31, 2025 was $842,000 or $0.19 per basic and diluted share compared with $2.19 million or $0.48 per basic and diluted share for the three months ended March 31, 2024.

    Robert R. Chapman III, CEO of the Bank, commented: “Our focus during the past several years on managing interest expense in a significantly higher rate environment was reflected in the first quarter’s lower year-over-year interest expense. Appropriate adjustments to loan rates and optimizing the performance of the Bank’s investments continued to generate steady interest income growth. As a result, net interest margin and interest spread continued to trend positively. Strong, quality earnings over the years have supported our ability to build and maintain a strong cash position and exceptional liquidity.

    “The Company’s core operations for first quarter of 2025 produced solid earnings. However, our earnings were negatively impacted by a non-recurring expense paid to a consultant that we used to successfully negotiate a contract with our core service provider. We anticipate that this contract will result in significant long-term cost savings.

    “We anticipate that the holding company’s cash position will allow it to pay off approximately $10 million of capital notes as they mature in June, without the need to raise new capital. Eliminating this debt-related interest expense will reduce our interest expense by approximately $327,000 annually and will help reduce our overall interest-bearing liabilities rate. The Company and Bank will continue to maintain sound capital positions.

    “Operationally, the first quarter of 2025 was highlighted by steady growth of commercial real estate loans, with stable income contributions from a balanced portfolio of commercial, residential mortgage, construction, and consumer loans. Fee income contributions from commercial treasury services, credit and debit card processing, and PWW’s wealth management activities have continued to generate complementary noninterest income.

    “We continue to emphasize relationship banking with commercial and retail clients, providing the broad range of capabilities and expertise that position Bank of the James as the go-to source for financial services. We offer stability and security in a period of significant economic uncertainty.

    “The Company is building value for shareholders, as evidenced by growth in stockholders’ equity, retained earnings, and a higher book value per share in the first quarter. We remain focused on efficient operations, maintaining superior asset quality, and sustainable growth.”

    President Mike Syrek commented on expansion and growth opportunities, noting, “We are very excited to announce the addition of two accomplished commercial relationship managers, Brandon Caldwell and Kevin Flint. Both bring considerable experience in the commercial lending space and will further strengthen and grow our regional markets. Caldwell comes to Bank of the James from the USDA, having served there after an extended stint as the senior lending officer at Highlands Community Bank. Caldwell has experience at both small and large-sized institutions, and along with his experience with the USDA, we believe his experience will help us expand our reach in multiple markets. Flint comes to Bank of the James with a dual background in credit and investments. Flint spent most of his career with Truist and its predecessors, managing high-profile commercial clients within the markets we serve. Kevin also is a Certified Financial Planner and has spent the last few years working as a CFP. Flint’s dual roles will help further the growth in our Harrisonburg market as well as beyond.

    “These additions help strengthen an already high-performing commercial team and illustrate our focus on growth and obtaining additional market share in the regions that we serve. We are delighted to have both men as part of the Bank of the James family.”

    First Quarter of 2025 Highlights

    • Net income and earnings per share (EPS) in the first quarter of 2025 were impacted by higher noninterest expense, primarily reflecting a one-time approximately $1 million expense related to the negotiation of a contract with our banking core provider. Over the 65-month term of this contract, the Company anticipates realizing up to $5 million in savings as compared to our previous contract.
    • Total interest income rose 6.90% to $11.23 million in the first quarter of 2025 compared with $10.51 million a year earlier. The growth primarily reflected higher yields on loans, commercial real estate (CRE) growth, and the addition of higher-rate residential mortgages. The average yield earned on loans, including fees, increased to 5.56% compared with 5.28% a year earlier.
    • Net interest income after provision for credit losses increased to $7.58 million in the first quarter of 2025 compared with net interest income after recovery of credit losses of $7.50 million a year earlier for the full year of 2024. Interest expense in the first quarter declined from the previous year’s first quarter due to a decrease in the average rate paid on interest bearing liabilities.
    • Net interest margin in the first quarter of 2025 improved to 3.25%, reflecting a steady upward quarterly trend from 3.02% in the first quarter of 2024. Interest spread in the first quarter rose to 2.95% from 2.73% in the prior year’s first quarter.
    • Total noninterest income of $3.28 million in the first quarter of 2025 was stable compared with a year earlier, primarily reflecting continuing strong contributions from commercial treasury services, residential mortgage origination fee income, and wealth management fee income from PWW, which generated $0.09 earnings per share in the first quarter.
    • Loans, net of the allowance for credit losses, increased to $642.39 million at March 31, 2025 from $636.55 million at December 31, 2024 and $601.12 million a year earlier.
    • Commercial real estate loans (owner occupied and non-owner occupied) led lending activity, increasing to $359.76 million from $335.53 million at December 31, 2024 and from $305.52 million a year earlier.
    • Measures of asset quality remained strong, highlighted by a ratio of nonperforming loans to total loans of 0.28% at March 31, 2025, low levels of nonperforming loans, and zero other real estate owned (OREO).
    • Total assets grew 3% to $1.01 billion at March 31, 2025 from $979.24 million at December 31, 2024. Total assets increased by $26.84 million from March 31, 2024.
    • Total deposits were $911.68 million at March 31, 2025, up from $882.40 million at December 31, 2024, reflecting growth in core deposits (noninterest bearing demand deposits, NOW, money market and savings).
    • Shareholder value measures included growth in stockholders’ equity to $68.35 million at March 31, 2025 from $64.87 million at December 31, 2024, higher retained earnings, and a book value per share of $15.04, up from $14.28 at December 31, 2024.
    • On April 15, 2025, the Company’s board of directors approved a quarterly dividend of $0.10 per common share to stockholders of record as of June 6, 2025, to be paid on June 20, 2025.

    First Quarter of 2025 Operational Review

    The Company retained a consultant to assist it in negotiating an amendment to and extension of the contract with its provider of its core banking platform— the platform we use for processing transactions, maintaining customer accounts, and supporting other critical banking functions. As previously noted, first quarter 2025 net income and earnings per share reflected the expense associated with this engagement. The Company anticipates that the new contract with our core provider, which was effective April 1, 2025, will generate significant savings over the 65-month term of the contract.

    Net interest income after provision for credit losses for the first quarter of 2025 was $7.58 million compared to net interest income after recovery of credit losses of $7.50 million a year earlier. The provision for credit losses in the first quarter of 2025 was $137,000.

    Total interest income was $11.23 million in the first quarter of 2025 compared with $10.51 million a year earlier. The year-over-year increases primarily reflected upward rate adjustments to variable rate commercial loans and new loans reflecting the prevailing rate environment.

    Investment portfolio management and appropriate rate increases on loans continued to contribute to year-over-year growth in yields on total earning assets, which were 4.73% in the first quarter of 2025 compared with 4.60% a year earlier.

    Total interest expense in the first quarter of 2025 was $3.52 million compared with $3.56 million a year earlier, primarily reflecting a stabilizing interest rate environment and the Bank’s management of rates paid on interest-bearing deposits, including time deposits.

    A stabilizing interest rate environment and the Company’s upward adjustments to floating rate commercial loans and rates on originated and retained residential mortgages contributed to gradual margin pressure relief during the past several quarters. In the first quarter of 2025, the net interest margin was 3.25% compared with 3.02% a year earlier, while interest spread was 2.95% for the quarter compared with 2.73% a year earlier.

    Noninterest income in the first quarter of 2025 was $3.28 million compared with $3.31 million in the first quarter of 2024. The predominant amount of noninterest income in the first quarter of 2025 was generated by fees from debit card activity, commercial treasury services, gains on sale of loans held for sale, and wealth management fees generated by PWW. This slight decrease was due to a decrease in revenue from our mortgage division.

    Noninterest expense in the first quarter of 2025 was $9.83 million compared with $8.09 million a year earlier. The year-over-year increase primarily reflected the previously mentioned contract negotiation fee and higher salaries and employee benefits.

    Balance Sheet: Strong Cash Position, High Asset Quality

    Total assets were $1.01 billion at March 31, 2025 compared with $979.24 million at December 31, 2024. The increase was due primarily to increases in cash and cash equivalents, securities available for sale, and loans.

    Loans, net of allowance for credit losses, were $642.39 million at March 31, 2025 compared with $636.55 at December 31, 2024, reflecting growth of commercial real estate loans.

    Commercial real estate loans (owner-occupied and non-owner occupied, excluding construction loans) totaled $359.76 million at March 31, 2025 compared with $335.53 million at December 31, 2024, reflecting new loans and moderate loan payoffs. Of this amount in the first quarter of 2025, commercial real estate (non-owner occupied) was $205.13 million and commercial real estate (owner occupied) was $154.63 million. The Bank closely monitors concentrations in these segments and has no commercial real estate loans secured by large office buildings in large metropolitan city centers.

    Commercial construction/land loans were $11.54 million, declining from prior levels as projects concluded. Residential construction/land loans at March 31, 2025 were $26.36 million compared with $26.15 million at December 31, 2024. Commercial and industrial loans were $59.98 million at March 31, 2025 compared to $66.42 million at December 31, 2024.

    Residential mortgage loans that the Company intends to keep on the balance sheet totaled $111.65 million at March 31, 2025, essentially unchanged from December 31, 2024, and from a year earlier. Growth of these retained mortgages has been minimal, as the Bank has continued to focus on selling the majority of originated mortgage loans to the secondary market. Consumer loans (open-end and closed-end) totaled $80.12 million, compared with $78.31 million at December 31, 2024.

    Ongoing high asset quality continues to have a positive impact on the Company’s financial performance. The ratio of nonperforming loans to total loans at March 31, 2025 was 0.28% compared with 0.25% at December 31, 2024. The allowance for credit losses on loans to total loans was 1.08% at March 31, 2025 compared with 1.09% at December 31, 2024. Total nonperforming loans were $1.80 million at March 31, 2025 compared with $1.64 million at December 31, 2024. As a result of having no OREO, total nonperforming assets were the same as total nonperforming loans.

    Total deposits were $911.68 million at March 31, 2025 compared with $882.40 million at December 31, 2024. Core deposits (noninterest bearing demand deposits, NOW, money market and savings) were $698.92 million compared with $651.90 million at December 31, 2024. Time deposits declined during the period. At March 31, 2025, the Bank had no brokered deposits.

    Key measures of shareholder value were positive. Stockholders’ equity was $68.35 million at March 31, 2025, up from $64.87 million at December 31, 2024. Retained earnings increased to $43.19 million at March 31, 2025 from $42.80 million at December 31, 2024. Book value per share rose to $15.04 at March 31, 2025 from $14.28 at December 31, 2024, and continued to reflect quarterly fluctuations in required fair market valuations of the Company’s available-for-sale investment portfolio.

    Interest rate fluctuations result in adjustments to the fair value in the Company’s available-for-sale securities portfolio (known as “mark-to-market”), which are reflected in accumulated other comprehensive loss. These mark-to-market losses are excluded when calculating the Bank’s regulatory capital ratios. The available-for-sale securities portfolio is composed primarily of securities with explicit or implicit government guarantees, including U.S. Treasuries and U.S. agency obligations, and other highly rated debt instruments. The Company does not expect to realize the unrealized losses, as it has the intent and ability to hold the securities until their recovery, which may be at maturity. Management continues to diligently monitor the creditworthiness of the issuers of the debt instruments within its securities portfolio.

    About the Company

    Bank of the James, a wholly-owned subsidiary of Bank of the James Financial Group, Inc. opened for business in July 1999 and is headquartered in Lynchburg, Virginia. The Bank currently services customers in Virginia from offices located in Altavista, Amherst, Appomattox, Bedford, Blacksburg, Buchanan, Charlottesville, Forest, Harrisonburg, Lexington, Lynchburg, Madison Heights, Nellysford, Roanoke, Rustburg, and Wytheville. The Bank offers full investment and insurance services through its BOTJ Investment Services division and BOTJ Insurance, Inc. subsidiary. The Bank provides mortgage loan origination through Bank of the James Mortgage, a division of Bank of the James. The Company provides investment advisory services through its wholly-owned subsidiary, Pettyjohn, Wood & White, Inc., an SEC-registered investment advisor. Bank of the James Financial Group, Inc. common stock is listed under the symbol “BOTJ” on the NASDAQ Stock Market, LLC. Additional information on the Company is available at www.bankofthejames.bank.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “estimate,” “expect,” “intend,” “anticipate,” “plan” and similar expressions and variations thereof identify certain of such forward-looking statements which speak only as of the dates on which they were made. Bank of the James Financial Group, Inc. (the “Company”) undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors. Such factors include, but are not limited to, competition, general economic conditions, potential changes in interest rates, changes in the value of real estate securing loans made by the Bank, as well as geopolitical conditions. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in the Company’s filings with the Securities and Exchange Commission.

    CONTACT: J. Todd Scruggs, Executive Vice President and Chief Financial Officer (434) 846-2000.

    FINANCIAL RESULTS FOLLOW

    Bank of the James Financial Group, Inc. and Subsidiaries
    Consolidated Balance Sheets
    (dollar amounts in thousands, except per share amounts)

      (unaudited)    
    Assets 3/31/2025   12/31/2024
           
    Cash and due from banks $ 25,760     $ 23,287  
    Federal funds sold   69,206       50,022  
    Total cash and cash equivalents   94,966       73,309  
           
    Securities held-to-maturity (fair value of $3,237 in 2025 and $3,170 in 2024)   3,602       3,606  
    Securities available-for-sale, at fair value   192,780       187,916  
    Restricted stock, at cost   1,821       1,821  
    Loans, net of allowance for credit losses of $7,022 in 2025 and $7,044 in 2024   642,388       636,552  
    Loans held for sale   4,739       3,616  
    Premises and equipment, net   19,257       18,959  
    Interest receivable   2,970       3,065  
    Cash value – bank owned life insurance   23,094       22,907  
    Customer relationship Intangible   6,585       6,725  
    Goodwill   2,054       2,054  
    Deferred tax asset   8,113       8,936  
    Other assets   9,357       9,778  
    Total assets $ 1,011,726     $ 979,244  
           
           
    Liabilities and Stockholders’ Equity      
           
    Deposits      
    Noninterest bearing demand $ 138,619     $ 129,692  
    NOW, money market and savings   560,300       522,208  
    Time deposits   212,764       230,504  
    Total deposits   911,683       882,404  
           
    Capital notes, net   10,049       10,048  
    Other borrowings   9,146       9,300  
    Deferred tax liability   294        
    Income taxes payable         86  
    Interest payable   688       722  
    Other liabilities   11,518       11,819  
    Total liabilities $ 943,378     $ 914,379  
    Stockholders’ equity      
    Common stock $2.14 par value; authorized 10,000,000 shares; issued and outstanding 4,543,338 as of March 31, 2025 and December 31, 2024   9,723       9,723  
    Additional paid-in-capital   35,253       35,253  
    Accumulated other comprehensive (loss)   (19,819 )     (22,915 )
    Retained earnings   43,191       42,804  
    Total stockholders’ equity $ 68,348     $ 64,865  
           
    Total liabilities and stockholders’ equity $ 1,011,726     $ 979,244  
                   

    Bank of the James Financial Group, Inc. and Subsidiaries
    Consolidated Statements of Operations
    (dollar amounts in thousands, except per share amounts) (unaudited)

      For the Three Months Ended
      March 31,
    Interest Income 2025
      2024
    Loans $ 8,906     $ 8,024  
    Securities      
    US Government and agency obligations   454       338  
    Mortgage backed securities   387       809  
    Municipals – taxable   311       286  
    Municipals – tax exempt   18       18  
    Dividends   13       12  
    Corporates   135       135  
    Interest bearing deposits   123       133  
    Federal Funds sold   887       754  
    Total interest income   11,234       10,509  
           
    Interest Expense      
    Deposits      
    NOW, money market savings   1,248       1,275  
    Time deposits   2,079       2,090  
    Finance leases   17       20  
    Other borrowings   89       92  
    Capital notes   82       82  
    Total interest expense   3,515       3,559  
           
    Net interest income   7,719       6,950  
           
    Provision for (recovery of) credit losses   137       (553 )
           
    Net interest income after provision for (recovery of) credit losses   7,582       7,503  
           
    Noninterest income      
    Gain on sales of loans held for sale   837       927  
    Service charges, fees and commissions   981       953  
    Wealth management fees   1,255       1,163  
    Life insurance income   188       159  
    Other   22       105  
           
    Total noninterest income   3,283       3,307  
    Noninterest expenses      
    Salaries and employee benefits   4,777       4,445  
    Occupancy   570       493  
    Equipment   670       607  
    Supplies   142       145  
    Professional and other outside expense   1,715       801  
    Data processing   820       751  
    Marketing   198       30  
    Credit expense   186       188  
    FDIC insurance expense   142       109  
    Amortization of intangibles   140       140  
    Other   466       379  
    Total noninterest expenses   9,826       8,088  
           
    Income before income taxes   1,039       2,722  
           
    Income tax expense   197       535  
           
    Net Income $ 842     $ 2,187  
           
    Weighted average shares outstanding – basic and diluted   4,543,338       4,543,338  
           
    Earnings per common share – basic and diluted $ 0.19     $ 0.48  
                   

    Bank of the James Financial Group, Inc. and Subsidiaries
    Dollar amounts in thousands, except per share data
    Unaudited

    Selected Data: Three
    months
    ending
    Mar 31,
    2025
    Three
    months
    ending
    Mar 31,
    2024
    Change
         
    Interest income $ 11,234   $ 10,509     6.90 %      
    Interest expense   3,515     3,559     -1.24 %      
    Net interest income   7,719     6,950     11.06 %      
    Provision for (recovery of) credit losses   137     (553 )   -124.77 %      
    Noninterest income   3,283     3,307     -0.73 %      
    Noninterest expense   9,826     8,088     21.49 %      
    Income taxes   197     535     -63.18 %      
    Net income   842     2,187     -61.50 %      
    Weighted average shares outstanding – basic   4,543,338     4,543,338            
    Weighted average shares outstanding – diluted   4,543,338     4,543,338            
    Basic net income per share $ 0.19   $ 0.48   $ (0.29 )      
    Fully diluted net income per share $ 0.19   $ 0.48   $ (0.29 )      
                 
    Balance Sheet at
    period end:
    Mar 31,
    2025
    Dec 31,
    2024
    Change Mar 31,
    2024
    Dec 31,
    2023
    Change
    Loans, net $ 642,388   $ 636,552     0.92 % $ 601,115   $ 601,921     -0.13 %
    Loans held for sale   4,739     3,616     31.06 %   4,640     1,258     268.84 %
    Total securities   196,382     191,522     2.54 %   218,440     220,132     -0.77 %
    Total deposits   911,683     882,404     3.32 %   893,494     878,459     1.71 %
    Stockholders’ equity   68,348     64,865     5.37 %   60,437     60,039     0.66 %
    Total assets   1,011,726     979,244     3.32 %   984,891     969,371     1.60 %
    Shares outstanding   4,543,338     4,543,338         4,543,338     4,543,338      
    Book value per share $ 15.04   $ 14.28   $ 0.76   $ 13.30   $ 13.21   $ 0.09  
    Daily averages: Three
    months
    ending
    Mar 31,
    2025
    Three
    months
    ending
    Mar 31,
    2024
    Change
         
    Loans $ 646,788   $ 608,172   6.35 %      
    Loans held for sale   2,391     2,481   -3.63 %      
    Total securities (book value)   219,550     248,748   -11.74 %      
    Total deposits   922,207     884,555   4.26 %      
    Stockholders’ equity   64,778     59,891   8.16 %      
    Interest earning assets   963,688     926,354   4.03 %      
    Interest bearing liabilities   800,249     765,728   4.51 %      
    Total assets   1,021,766     978,867   4.38 %      
                 
    Financial Ratios: Three
    months
    ending
    Mar 31,
    2025
    Three
    months
    ending
    Mar 31,
    2024
    Change
         
    Return on average assets   0.33 %   0.90 % (0.57 )      
    Return on average equity   5.27 %   14.69 % (9.42 )      
    Net interest margin   3.25 %   3.02 % 0.23        
    Efficiency ratio   89.31 %   78.85 % 10.46        
    Average equity to average assets   6.34 %   6.12 % 0.22        
                 
    Allowance for credit losses: Three
    months
    ending
    Mar 31,
    2025
    Three
    months
    ending
    Mar 31,
    2024
    Change
         
    Beginning balance $ 7,044   $ 7,412   -4.96 %      
    Retained earnings adjustment related to impact of adoption of ASU 2016-13         N/A      
    Provision for (recovery of) credit losses*   29     (501 ) -105.79 %      
    Charge-offs   (63 )   (65 ) -3.08 %      
    Recoveries   12     74   -83.78 %      
    Ending balance   7,022     6,920   1.47 %      
                 
    * does not include provision for or recovery of unfunded loan commitment liability
                 
                 
    Nonperforming assets: Mar 31,
    2025
    Dec 31,
    2024
    Change Mar 31,
    2024
    Dec 31,
    2023
    Change
    Total nonperforming loans $ 1,799   $ 1,640   9.70 % $ 558   $ 391   42.71 %
    Other real estate owned         N/A         N/A
    Total nonperforming assets   1,799     1,640   9.70 %   558     391   42.71 %
                 
    Asset quality ratios: Mar 31,
    2025
    Dec 31,
    2024
    Change Mar 31,
    2024
    Dec 31,
    2023
    Change
    Nonperforming loans to total loans   0.28 %   0.25 % 0.02     0.09 %   0.06 % 0.03  
    Allowance for credit losses for loans to total loans   1.08 %   1.09 % (0.01 )   1.14 %   1.22 % (0.08 )
    Allowance for credit losses for loans to nonperforming loans   390.33 %   429.51 % (39.18 )   1240.14 %   1895.65 % (655.51 )

    The MIL Network

  • MIL-OSI: From Sydney to the World – Valueex (VUEE) Exchange Announces Entry into the U.S. Market

    Source: GlobeNewswire (MIL-OSI)

    Fresno, CA, April 30, 2025 (GLOBE NEWSWIRE) — Recently, the renowned exchange Valueex (VUEE) announced its official entry into the U.S. market, garnering significant attention. Amid the accelerating transformation of global financial markets, technology is reshaping the investment landscape at an unprecedented pace. From artificial intelligence to blockchain, innovative technologies are unlocking limitless possibilities for investors, while security and trust have become key bridges to the future. It is against this backdrop that the Valueex Exchange (VUEE) has emerged. Since its establishment in 2023, VUEE has rapidly risen as a trusted fintech pioneer among global investors, leading the industry into a new era of intelligence and globalization with its secure, efficient, and innovative trading platform.

    Technology-Driven Financial Transformation

    Valueex Exchange was founded by a group of top experts deeply engaged in the fintech sector, with the mission of “driving financial innovation through technology” and a commitment to reshaping the operational model of traditional exchanges. Headquartered in Sydney, Australia, VUEE offers users a seamless trading experience through high-speed transaction matching, robust security measures, and intelligent risk management systems. The platform supports diverse asset trading, including cryptocurrencies and stablecoins, and will soon launch U.S. stock trading services to cater to both novice and experienced investors.

    By integrating artificial intelligence, big data analytics, and blockchain technology, VUEE has achieved exceptional performance in efficiency, transparency, and user satisfaction. Its AI-driven one-click investment tool intelligently optimizes portfolios based on user preferences, while the USDT and USDC stablecoin trading models eliminate foreign exchange risks in cross-border transactions, making global investment more accessible and cost-effective.

    Rigorous Compliance and Security at Its Core

    Security and trust are the foundational pillars of VUEE. The platform strictly adheres to international regulatory standards, holding authoritative qualifications as a Registered Investment Advisor (RIA) and a Money Services Business (MSB) in the U.S., and is regulated by the U.S. Securities and Exchange Commission (SEC), ensuring full compliance with anti-money laundering (AML) and Know Your Customer (KYC) requirements. These qualifications provide legal assurance for investors, protecting their assets from market risks and cyber threats.

    Strategic partnerships with multiple global regulatory bodies and financial institutions further bolster VUEE’s credibility. Its advanced cybersecurity protocols and comprehensive compliance measures create a transparent and trustworthy trading environment, allowing investors to participate in the global market with peace of mind.

    Outstanding Achievements and Global Reach

    Since its establishment, Valueex Exchange has achieved remarkable success. In just two years, the platform has surpassed 500,000 registered users across multiple countries and regions, with an average daily trading volume exceeding $1 billion. In 2025, VUEE officially entered the U.S. market and, leveraging its excellent reputation in Australia, quickly attracted over 30,000 U.S. users, demonstrating strong brand influence and market competitiveness.

    Looking ahead, VUEE plans to further expand into Europe, Asia, and South America, enriching its asset classes and launching more innovative features. Its upcoming U.S. stock trading service has received stringent certification from the SEC and MSB, providing global users with convenient access to the U.S. market and helping investors seize more wealth growth opportunities.

    Core Advantages of Valueex Exchange

    Valueex Exchange is regarded as a leading global one-stop trading platform, characterized by the following key features:

    • • Advanced Technology Architecture: The platform utilizes AI-driven tools, blockchain technology, and high-frequency trading systems to support efficient and precise transaction processing.
    • • Global Trading Support: By facilitating trading with stablecoins (such as USDT and USDC) and multi-currency compatibility, the platform streamlines cross-border transaction processes, enhancing the experience for global users.
    • • Wide Applicability: The platform offers an intuitive interface and personalized investment strategies to meet the diverse needs of both novice and professional investors.
    • • Strict Compliance Standards: Holding U.S. RIA and MSB qualifications and being regulated by the SEC ensures the safety and legality of the trading environment.

    Strong Market Performance: The rapidly growing global user base (over 500,000) and high average daily trading volume (over $1 billion) reflect widespread market recognition of the platform.

    Co-Creating the Future of Finance

    Valueex Exchange is not just a trading platform; it is a leader in the future of finance. Through continuous investments in technological innovation and global compliance, VUEE is dedicated to building an open, intelligent, and inclusive financial ecosystem. Whether diversifying your portfolio, participating in U.S. stock trading, or utilizing AI-driven investment tools, VUEE empowers you to confidently seize global opportunities.

    A VUEE spokesperson stated, “We are committed to providing investors with a safe, efficient, and forward-looking trading experience. The rapid growth of the U.S. market is an important milestone in our global expansion, and we look forward to delivering exceptional financial services to more users.”

    Join Valueex Exchange today to embark on your global investment journey! Visit valueexchanges.com for more details and take a step toward wealth growth with a trusted platform.

    https://web.valueexchanges.com

    Disclaimer:  The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

    The MIL Network

  • MIL-OSI Global: China has identified how to fight back against Trump’s tariffs, and is not ready to back down

    Source: The Conversation – UK – By Chee Meng Tan, Assistant Professor of Business Economics, University of Nottingham

    US ports are now starting to see scheduled shipments from China decline as the result of Donald Trump’s 145% tariffs on Chinese goods. The port of Los Angeles, the biggest port for Chinese goods in the US, is predicting scheduled shipments in early May to be about a third lower than the same time last year.

    Declining numbers of ships arriving stocked with Chinese imports are likely to affect US supermarket shelves soon, and after warnings from US supermarket bosses, Trump responded by saying trade talks between the US and China were under way in the past few days. But Chinese president Xi Jinping quickly denied talks were happening, suggesting he has no intention of backing away from a fight with the US.

    As one of the most powerful leaders in the history of the People’s Republic of China, Xi has fashioned himself as a nationalistic icon. So if China perceives Trump’s tariffs as a bully tactic designed to undermine it, backing down from a confrontation with the US would seriously undermine Xi’s strongman image and rhetoric.

    This is something that Trump probably hadn’t considered. At a rally marking his 100 days in office, the US president was still suggesting that China would just back down and “eat the tariffs”.

    While tariffs appear to be the primary weapon in the trade war, China might have more tactics to hit back at Trump and the US economy. The question is what might they be?

    A few weeks ago it seemed like Washington might punish China’s lack of willingness to negotiate with more tariffs, but now it’s clear that Trump is willing to make a deal and is trying to get China to come to the table. Trump is now implying that US tariffs on China could come down substantially. And US treasury secretary Scott Bessent has called the trade war with China “unsustainable”.

    Leveraging agriculture and energy

    China has reduced its reliance on US farm imports since the trade war began in Trump’s first presidency. This is bad news for Washington as agriculture is one few sectors in the US that actually has a large trade surplus with China. The 125% retaliatory tariffs will harm the sector’s profitability.

    But China’s retaliatory tariffs aren’t the only issue American farmers have to contend with. As the trade war escalates, China has been using bureaucratic hurdles to restrict US agricultural products from entering China and as a potential negotiation tool. For instance, China has delayed the renewals of export license renewals of US pig farmers, and refused to renew licenses of poultry farmers for “health and safety” reasons.

    What’s the impact of tariffs?

    Beijing’s actions might be designed to particularly hit the economy in core Trump supporting states. A major part of Trump and the Republican party’s base lies in “red states”, such as Nebraska, Iowa and Kansas, all have significant farming communities. Focusing on agricultural issues is a tactic that Beijing realises will hit home with Trump voters.

    Out of the 444 US counties designated by the United States Department of Agriculture (USDA) as farming-dependent, 77.7% voted for Trump during the 2024 US presidential election. So, any hardship faced by the agriculture sector due to Trump’s own actions is likely to lose him support from a major political base. And with mid-term elections in 2026, Trump has to tread carefully when antagonising Beijing.

    Another support base that Beijing might seek to undermine is those involved in the fossil fuel sector. In the past, the US has been a top supplier of natural gas to China.

    China has not imported natural gas from the US since early February 2025, and has sought its natural gas from Australia, Indonesia, and Brunei. As the trade war continues, it is unlikely that the US would be able to sell its natural gas to China anytime soon, and this will have an impact on the energy industry – one of Trump’s major political support bases.

    Restricting minerals

    Another huge problem that the US faces stems from China’s restriction of the export of critical minerals. They include seven rare earth minerals namely samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium. While these are used in the clean energy and automobile sectors, the biggest concern would come from the US defence complex.

    These critical minerals are used in manufacturing fighter jets, submarines, missiles, and radar systems. China has an effective monopoly on the extraction and processing of rare earths, while the US lacks such capabilities. This means that China’s export restrictions are likely to affect America’s defence industry, while Beijing rapidly expands its ammunition and military technology.

    The White House probably anticipated export restrictions of critical minerals from China. After all, Beijing had banned the export of critical minerals to Japan in 2010 over a fishing trawler dispute, and stopped exporting “dual-use” metals that can be used to produce civilian and military technology, such as gallium, germanium and tungsten.

    What’s next?

    For the last few years, China has been trying to overcome an ailing economy that was primarily fuelled by a real-estate crisis. Trump probably expected China to buckle under pressure and come crawling to the negotiation table. After all, the Chinese Communist Party needs to fix its economy fast. The establishment has long relied on delivering economic prosperity to legitimise its rule over China.

    Right now the tit-for-tat battle continues. By April 11, US tariffs on China peaked at 145%, while China’s retaliatory tariffs on US goods reached an unprecedented 125%.

    Although it is clearly fighting back, China could go even further by selling off US treasuries and increasing US interest rates and thus borrowing cost. But unlike Trump, Xi often plays the long game. After all, Trump’s term as president will be over in less than four years, while Chinese president Xi has no term limits. All the latter has to do is exercise patience, and a friendlier US president might come around.

    Chee Meng Tan 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. China has identified how to fight back against Trump’s tariffs, and is not ready to back down – https://theconversation.com/china-has-identified-how-to-fight-back-against-trumps-tariffs-and-is-not-ready-to-back-down-255325

    MIL OSI – Global Reports

  • MIL-OSI USA: Cantwell Statement on Commerce Department Report Showing Shrinking Economy Under Trump

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell

    04.30.25

    Cantwell Statement on Commerce Department Report Showing Shrinking Economy Under Trump

    WASHINGTON, D.C. – Today, the U.S. Department of Commerce issued a report on the state of the economy over the first three months of 2025. The report showed that the country’s gross domestic product shrank by 0.3% during the first months of President Donald Trump’s second term.

    U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, released the following statement:

    “Today’s GDP numbers are another warning sign our economy is moving in the wrong direction. The economy shrunk in the first quarter when it should be growing.  The Trump tariffs are a drag on the economy and American families will continue to feel the pain.”

    The Commerce Department report follows months of tariff whiplash from the Trump administration, during which the president erratically and unilaterally announced, imposed, raised, dropped, and reimposed a series of blanket and industry-specific tariffs on imports coming to the United States. In January 2025, it was widely expected that GDP growth would be at least 2% in the first quarter of 2025 – but that changed after President Trump announced his tariffs.  Shortly after the Commerce Department report was released, he posted on Truth Social that the declining economy “has NOTHING TO DO WITH TARIFFS” and is instead a holdover from former President Joe Biden’s economy. Under the last quarter of President Biden’s administration, the GDP grew 2.4%.



    MIL OSI USA News

  • MIL-OSI USA: Justice Department Declines Prosecution of Company That Self-Disclosed Export Control Offenses Committed by Employee

    Source: US State of North Dakota

    Company’s Prompt Self-Disclosure and Extraordinary Cooperation Led to Employee’s Successful Prosecution for Unlawfully Exporting Software to a Restricted Chinese University

    Note: View the declination letter here.

    The Justice Department today announced that it has declined the prosecution of Universities Space Research Association (USRA) after it self-disclosed to the Department’s National Security Division (NSD) criminal violations of U.S. export control laws committed by its former employee, Jonathan Soong. Soong pleaded guilty to willfully violating the Export Administration Regulations (EAR) by exporting U.S. Army-developed aviation software to a university in the People’s Republic of China (PRC) that had been placed on the Commerce Department’s Entity List and was sentenced to 20 months in prison.

    “If we stay vigilant, all of us — including our citizens, small businesses, and large corporations — can play a critical role in protecting our country,” said Sue J. Bai, head of the Justice Department’s National Security Division. “A criminal who compromised our national security was brought to justice because his employer caught him and immediately turned him in. We decline to prosecute his employer and are ready to work together with such responsible corporate actors who are committed to joining us in this fight to protect our country from foreign adversaries.”

    “USRA discovered that one of its employees was funneling sensitive aeronautics software to a Beijing university in violation of export control laws and at risk to our national security,” said Acting U.S. Attorney Patrick D. Robbins for the Northern District of California. “What the company did next made all the difference in the Government’s decision not to prosecute it: the company took swift and proactive measures to disclose the employee’s wrongdoing, provide all known facts, and cooperate – and continue to cooperate – with the government’s investigation.”

    According to court documents, in April 2016, USRA contracted with the National Aeronautics and Space Administration (NASA) to, among other things, license and distribute for a fee aeronautics-related and U.S. Army-owned flight control software. Soong was employed by USRA as a program administrator under the contract and was responsible for performing due diligence on prospective purchasers to ensure that the sale or transfer of software licenses complied with applicable law, including by checking the Entity List. Soong willfully exported software subject to the EAR to Beijing University of Aeronautics and Astronautics, also known as Beihang University (Beihang), a university in the PRC, knowing that an export control license was required for the export to Beihang because it was on the Entity List. Beihang was on the Commerce Department’s Entity List due to its involvement in the development of military rocket systems and unmanned air vehicle systems. Soong further used an intermediary to complete the transfer and export of the software to Beihang to avoid detection, and embezzled tens of thousands of dollars in software license sales by directing purchasers to make payment to an account he personally owned and controlled.

    This scheme continued until NASA inquired about the sales of software licenses to PRC-based purchasers and USRA began to investigate. Soong initially lied to USRA and fabricated evidence that he had conducted due diligence on the purchasers and provided it to USRA’s counsel to provide to NASA, but after USRA’s counsel investigated further and confronted Soong with evidence that contradicted his statements, he admitted to knowing that Beihang was on the Entity List when he exported the software to Beihang and that a license had been required for the export.

    Within days of learning that Soong had willfully violated U.S. export control laws, and before USRA had completed its own investigation to understand the scope of the misconduct, USRA self-disclosed the crime to NSD and fully cooperated with the ensuing criminal investigation, which eventually established that Soong had acted alone at USRA. USRA’s cooperation included proactively identifying, collecting, and disclosing relevant evidence to investigators, including foreign language evidence and evidence located overseas, and providing detailed and timely responses to the government’s requests for information and evidence. USRA remediated the root cause of the misconduct by disciplining a supervisory employee who failed appropriately to supervise Soong, and by significantly improving its internal controls and compliance program. USRA also compensated the government both for the funds Soong embezzled, and for the time Soong had spent embezzling funds instead of performing his duties under USRA’s contract with NASA.

    The Justice Department declined USRA’s prosecution after considering the factors set forth in the Department’s Principles of Federal Prosecution of Business Organizations and the National Security Division Enforcement Policy for Business Organizations (NSD Enforcement Policy). The NSD Enforcement Policy creates a presumption that companies that (1) voluntarily self-disclose to NSD potentially criminal violations arising out of or relating to the enforcement of export control or sanctions laws, (2) fully cooperate, and (3) timely and appropriately remediate will generally receive a non-prosecution agreement, unless aggravating factors are present.  In appropriate cases, the NSD Enforcement Policy authorizes prosecutors to go further, and exercise discretion to decline a company’s prosecution. This is the second time that NSD has exercised its discretion to decline the prosecution of a company under the NSD Enforcement Policy.

    The case was investigated by the Department of Commerce’s Bureau of Industry and Security; the Department of Defense’s Defense Criminal Investigative Service; and the FBI. The NASA Office of Inspector General; U.S. Army Criminal Investigation Division; U.S. Army Counterintelligence; and the Department of Homeland Security, Homeland Security Investigations provided valuable assistance.

    Trial Attorney Rachel Craft of the National Security Division’s Counterintelligence and Export Control Section and Assistant U.S. Attorney Barbara Valliere for the Northern District of California prosecuted the case.

    MIL OSI USA News

  • MIL-OSI USA: Governor Lamont Announces Registration Open for Innovation Made Leadership Event

    Source: US State of Connecticut

    (HARTFORD, CT) – Governor Ned Lamont today announced that registration is now open for the second event in the MADE leadership series — Innovation MADE — taking place on Wednesday, May 28, 2025, at 9:30 a.m. during the prestigious Yale Innovation Summit in New Haven.

    Hosted by the Connecticut Department of Economic and Community Development (DECD) in partnership with Yale Ventures, the Connecticut Business and Industry Association (CBIA), WTNH, and WICC, Innovation MADE will bring together thought leaders, entrepreneurs, innovators, and business executives to explore how innovation drives opportunity and growth across for Connecticut’s economy.

    “Connecticut has always been a state of bold ideas, and today that spirit of innovation is more alive than ever,” Governor Lamont said. “Events like Innovation MADE showcase the talent, creativity, and collaboration that define our identity and ensure we continue to lead for the betterment of humankind.”

    The Innovation MADE keynote address will be delivered by Daniel O’Keefe, Connecticut’s chief innovation officer and commissioner of DECD, followed by an expert panel discussion on the opportunities presented by quantum computing and artificial intelligence, particularly in New Haven’s thriving biotech industry. Featured speakers will include some of Connecticut’s industry leaders, including Vlad Coric, CEO of Biohaven, among others to be announced.

    Attendees of Innovation MADE will not only gain access to the morning’s main stage programming, networking sessions, and “office hours” with state and private sector leaders, but also a full-day pass to the entire Yale Innovation Summit, featuring cutting-edge tracks in arts, biotech, civic, climate, health, and tech.

    The state is also partnering with Yale Ventures to debut the first-ever Connecticut Innovation Pavilion at the summit, an area where attendees can meet state leaders, learn about public resources to grow their business, and enjoy unique experiences that make Connecticut a great place to live, work, and play.

    “Innovation doesn’t happen in isolation — it happens when we connect ideas, people, and resources,” Commissioner O’Keefe said. “Bringing together top minds at the Yale Innovation Summit and creating spaces like the Connecticut Innovation Pavilion is how we power an ecosystem that makes bold opportunities possible for businesses and communities alike.”

    “Connecticut’s innovation economy is stronger when we bring the full weight of the state’s leadership, business community, and entrepreneurial energy to the table,” Josh Geballe, managing director of Yale Ventures, said. “We are excited to kick off this year’s summit with the Innovation MADE event and celebrate the collaboration fueling Connecticut’s next chapter of growth.”

    Space is limited and registration is required. Attendees can register online by visiting connecticut-made.com or through the Innovation MADE Eventbrite page.

     

    MIL OSI USA News

  • MIL-OSI Security: Justice Department Declines Prosecution of Company That Self-Disclosed Export Control Offenses Committed by Employee

    Source: United States Attorneys General

    Company’s Prompt Self-Disclosure and Extraordinary Cooperation Led to Employee’s Successful Prosecution for Unlawfully Exporting Software to a Restricted Chinese University

    Note: View the declination letter here.

    The Justice Department today announced that it has declined the prosecution of Universities Space Research Association (USRA) after it self-disclosed to the Department’s National Security Division (NSD) criminal violations of U.S. export control laws committed by its former employee, Jonathan Soong. Soong pleaded guilty to willfully violating the Export Administration Regulations (EAR) by exporting U.S. Army-developed aviation software to a university in the People’s Republic of China (PRC) that had been placed on the Commerce Department’s Entity List and was sentenced to 20 months in prison.

    “If we stay vigilant, all of us — including our citizens, small businesses, and large corporations — can play a critical role in protecting our country,” said Sue J. Bai, head of the Justice Department’s National Security Division. “A criminal who compromised our national security was brought to justice because his employer caught him and immediately turned him in. We decline to prosecute his employer and are ready to work together with such responsible corporate actors who are committed to joining us in this fight to protect our country from foreign adversaries.”

    “USRA discovered that one of its employees was funneling sensitive aeronautics software to a Beijing university in violation of export control laws and at risk to our national security,” said Acting U.S. Attorney Patrick D. Robbins for the Northern District of California. “What the company did next made all the difference in the Government’s decision not to prosecute it: the company took swift and proactive measures to disclose the employee’s wrongdoing, provide all known facts, and cooperate – and continue to cooperate – with the government’s investigation.”

    According to court documents, in April 2016, USRA contracted with the National Aeronautics and Space Administration (NASA) to, among other things, license and distribute for a fee aeronautics-related and U.S. Army-owned flight control software. Soong was employed by USRA as a program administrator under the contract and was responsible for performing due diligence on prospective purchasers to ensure that the sale or transfer of software licenses complied with applicable law, including by checking the Entity List. Soong willfully exported software subject to the EAR to Beijing University of Aeronautics and Astronautics, also known as Beihang University (Beihang), a university in the PRC, knowing that an export control license was required for the export to Beihang because it was on the Entity List. Beihang was on the Commerce Department’s Entity List due to its involvement in the development of military rocket systems and unmanned air vehicle systems. Soong further used an intermediary to complete the transfer and export of the software to Beihang to avoid detection, and embezzled tens of thousands of dollars in software license sales by directing purchasers to make payment to an account he personally owned and controlled.

    This scheme continued until NASA inquired about the sales of software licenses to PRC-based purchasers and USRA began to investigate. Soong initially lied to USRA and fabricated evidence that he had conducted due diligence on the purchasers and provided it to USRA’s counsel to provide to NASA, but after USRA’s counsel investigated further and confronted Soong with evidence that contradicted his statements, he admitted to knowing that Beihang was on the Entity List when he exported the software to Beihang and that a license had been required for the export.

    Within days of learning that Soong had willfully violated U.S. export control laws, and before USRA had completed its own investigation to understand the scope of the misconduct, USRA self-disclosed the crime to NSD and fully cooperated with the ensuing criminal investigation, which eventually established that Soong had acted alone at USRA. USRA’s cooperation included proactively identifying, collecting, and disclosing relevant evidence to investigators, including foreign language evidence and evidence located overseas, and providing detailed and timely responses to the government’s requests for information and evidence. USRA remediated the root cause of the misconduct by disciplining a supervisory employee who failed appropriately to supervise Soong, and by significantly improving its internal controls and compliance program. USRA also compensated the government both for the funds Soong embezzled, and for the time Soong had spent embezzling funds instead of performing his duties under USRA’s contract with NASA.

    The Justice Department declined USRA’s prosecution after considering the factors set forth in the Department’s Principles of Federal Prosecution of Business Organizations and the National Security Division Enforcement Policy for Business Organizations (NSD Enforcement Policy). The NSD Enforcement Policy creates a presumption that companies that (1) voluntarily self-disclose to NSD potentially criminal violations arising out of or relating to the enforcement of export control or sanctions laws, (2) fully cooperate, and (3) timely and appropriately remediate will generally receive a non-prosecution agreement, unless aggravating factors are present.  In appropriate cases, the NSD Enforcement Policy authorizes prosecutors to go further, and exercise discretion to decline a company’s prosecution. This is the second time that NSD has exercised its discretion to decline the prosecution of a company under the NSD Enforcement Policy.

    The case was investigated by the Department of Commerce’s Bureau of Industry and Security; the Department of Defense’s Defense Criminal Investigative Service; and the FBI. The NASA Office of Inspector General; U.S. Army Criminal Investigation Division; U.S. Army Counterintelligence; and the Department of Homeland Security, Homeland Security Investigations provided valuable assistance.

    Trial Attorney Rachel Craft of the National Security Division’s Counterintelligence and Export Control Section and Assistant U.S. Attorney Barbara Valliere for the Northern District of California prosecuted the case.

    MIL Security OSI

  • MIL-OSI Economics: Microsoft announces new European digital commitments

    Source: Microsoft

    Headline: Microsoft announces new European digital commitments

    Includes datacenter operations in 16 countries and Digital Resilience Commitment.

    Forty-two years ago, Microsoft released the very first version of Microsoft Word. It was a major milestone in the company’s journey to enhance people’s productivity through innovation. It also marked the young and growing company’s first big step in Europe with the first Microsoft product localized in multiple European languages, starting with German and French.

    Since then, our economic reliance on Europe has always run deep. We recognize that our business is critically dependent on sustaining the trust of customers, countries, and governments across Europe. We respect European values, comply with European laws, and actively defend Europe’s cybersecurity. Our support for Europe has always been–and always will be–steadfast.

    In a time of geopolitical volatility, we are committed to providing digital stability. That is why today Microsoft is announcing five digital commitments to Europe. These start with an expansion of our cloud and AI infrastructure in Europe, aimed at enabling every country to fully use these technologies to strengthen their economic competitiveness. And they include a promise to uphold Europe’s digital resilience regardless of geopolitical and trade volatility.

    As a multinational company, we believe in trans-Atlantic ties that promote mutual economic growth and prosperity. ​We were pleased the Trump administration and the European Union recently agreed to suspend further tariff escalation while they seek to negotiate a reciprocal trade agreement. We hope that successful talks can resolve tariff issues and reduce non-tariff barriers, consistent with the recommendations in the recent Draghi report.

    We will always be dedicated to creating jobs, promoting economic opportunities, and strengthening cybersecurity on both sides of the Atlantic. The five commitments below, like the very first European version of Microsoft Word, take our support for Europe another step forward.

    1. We will help build a broad AI and cloud ecosystem across Europe

    We recognize that European nations want and need a world class and broad AI and cloud ecosystem. Today, we are announcing plans to increase our European datacenter capacity by 40% over the next two years. We are expanding datacenter operations in 16 European countries. When combined with our recent construction, the plans we’re announcing today will more than double our European datacenter capacity between 2023 and 2027. It will result in cloud operations in more than 200 datacenters across the continent.

    This expansion will play an important role in boosting Europe’s economic growth and competitiveness. We believe that broad AI diffusion will be one of the most important drivers of innovation and productivity growth over the next decade. Like electricity and other general-purpose technologies in the past, AI and cloud datacenters represent the next stage of industrialization. They are creating real-world capabilities to fuel business and manufacturing innovation, run national health systems, enable secure government services, and support digital tools in education—all while keeping data and operations close to home, subject to European laws and regulations.

    Public cloud datacenters

    Our public cloud datacenters are a foundation for the diversified cloud ecosystem we are committed to supporting across Europe. This includes the Microsoft Cloud for Sovereignty, a package of technologies and configurations to help governments and other customers run on Azure in our public cloud datacenters with greater control over data location, encryption, and administrative access.

    Sovereign cloud datacenters

    A second aspect of our diversified approach involves sovereign cloud datacenters. In France, Microsoft has partnered with Capgemini and Orange, who formed a joint venture named Bleu. Designed as a “cloud de confiance” (trusted cloud) platform, Bleu offers a broad range of Microsoft Azure cloud services and Microsoft 365 productivity tools operated under French control. In Germany, a similar sovereign cloud initiative is underway through a partnership between Microsoft, SAP, and Arvato Systems (a Bertelsmann IT subsidiary). This effort, through SAP’s subsidiary, Delos Cloud GmbH, is creating a sovereign cloud platform for the German public sector, hosted in German datacenters and operated by German personnel.

    Support for European cloud providers

    A third aspect of our work involves our collaboration with European cloud providers to offer Microsoft applications and services on their local cloud infrastructure. This partnership provides these European providers with the opportunity to run Microsoft applications on more favorable terms than we make available to Amazon and Google. Additionally, we are developing new technology and licensing solutions tailored for these European providers and the markets they serve.

    Emerging options

    Given recent geopolitical volatility, we recognize that European governments likely will consider additional options. Some of these may involve public financing to support European home-grown offerings. We recognize the importance of a diversified technology ecosystem, and we are committed to collaborating with European participants across the tech ecosystem.

    Respect for European laws

    Microsoft is investing tens of billions of dollars annually in expanding its datacenters across Europe. These investments aren’t on wheels. They are permanent structures and subject to local laws, regulations, and governments. Like every citizen and company, we don’t always agree with every policy of every government. But even when we’ve lost cases in European courts, Microsoft has long respected and complied with European laws.

    We understand that European laws apply to our business practices in Europe, just as local laws apply to local practices in the United States and similar laws apply elsewhere in the world. This includes European competition law and the Digital Markets Act, among others. We’re committed not only to building digital infrastructure for Europe, but to respecting the role that laws across Europe play in regulating our products and services.

    2. We will uphold Europe’s digital resilience even when there is geopolitical volatility

    By building a European cloud for Europe, Microsoft is committed to helping Europe navigate the uncertain geopolitical and trade environment and better manage risk by strengthening the continent’s digital resilience. We will always strive to be a voice of reason that promotes mutual opportunities and stable ties across the Atlantic. We in fact believe that even amidst current trade and tariff disputes, there is a strong consensus in Washington supporting the sustained flow of digital services from the United States to Europe.

    We also are listening closely to the views of European governments and leaders. We recognize that European countries, like nations everywhere, need to have rock-solid confidence in the digital infrastructure on which they rely. To ensure this confidence, we will take the following three steps:

    A European cloud for Europe

    Microsoft is headquartered in the United States, but we provide cloud services to Europe through corporate entities headquartered in Europe. To further cement the nexus between Microsoft and Europe, going forward our European datacenter operations and their boards will be overseen by a European board of directors that consists exclusively of European nationals and operates under European law.

    A Digital Resilience Commitment

    In the unlikely event we are ever ordered by any government anywhere in the world to suspend or cease cloud operations in Europe, we are committing that Microsoft will promptly and vigorously contest such a measure using all legal avenues available, including by pursuing litigation in court. By including a new European Digital Resilience Commitment in all of our contracts with European national governments and the European Commission, we will make this commitment legally binding on Microsoft Corporation and all its subsidiaries.

    Microsoft has a demonstrated history of pursuing litigation when that has been needed to protect the rights of our customers and other stakeholders. This includes four lawsuits we filed against the U.S. Executive Branch during President Obama’s tenure, including to protect the privacy of our customers’ data in the United States and Europe. It also included, during President Trump’s first term, a successful decision before the U.S. Supreme Court to uphold the rights of employees who are immigrants. When necessary, we’re prepared to go to court.

    We are confident of our legal rights to ensure continuous operation of our datacenters in Europe. And we are prepared to back this confidence with our contractual commitments to European governments.

    Business continuity partnerships

    Finally, we will designate and rely upon European partners with contingency arrangements for operational continuity in the unlikely event Microsoft were ever required by a court to suspend services. We are already enabling our partners in France and Germany to do this for the Bleu and Delos datacenters, and we will pursue arrangements for our public cloud datacenters in Europe. We will store back-up copies of our code in a secure repository in Switzerland, and we will provide our European partners with the legal rights needed to access and use this code if needed for this purpose.

    3. We will continue to protect the privacy of European data

    Microsoft has long been at the forefront in designing and implementing technology solutions to protect customer data. We enable customers to control where their data is stored and processed, how it is encrypted and secured, and when Microsoft can access it. We offer customers robust capabilities across the entire cloud stack from infrastructure to platform to software as a service, from Azure to Microsoft 365 to Dynamics 365. We back our technical solutions with strong contractual commitments and, as noted above, a demonstrated history of going to court on behalf of our customers.

    The EU data boundary project

    Reflecting our continuing commitment to innovation, we recently finished implementing our EU Data Boundary project. This offers European customers the ability to have their data stored and processed in Europe. Since January 2024, our European commercial and public sector customers have been able to store and process their data and personal identifiers for Microsoft core cloud services—including Microsoft 365, Dynamics 365, Power Platform, and Azure services—within the EU and EFTA regions. Three months ago, Microsoft completed the project by extending the EU Data Boundary to include professional services data from technical support interactions. And, critically, we make these solutions available in all our European cloud regions and throughout our tech stack, from IaaS, to PaaS, to SaaS, including M365 Copilot.

    Additional security and encryption options

    In addition to the EU Data Boundary, we provide European customers with multiple options for securing and encrypting their data. Our Confidential Compute offerings in Azure eliminate the ability of third parties—including Microsoft—to access customer data by ensuring data is processed within a trusted environment the customer alone controls. We enable customers to create a “lockbox” around their data across Azure, Dynamics 365, and Microsoft 365 by giving them the ability to review and approve before Microsoft accesses their data for customer and service support operations. We also enable customers to secure their data with encryption keys that they, not Microsoft, control with Azure Key Vault and Microsoft Purview Customer Key. Our Microsoft Cloud for Sovereignty offers customers a range of other tools to secure data, protect against unauthorized access, and satisfy legal requirements.

    A strong legal track record

    In addition to technical measures, we will continue our fight to protect the rights of European customers. Microsoft has a strong track record of going to court in the rare instances that we need to protect European data from unauthorized access. We have consistently fought legal demands that conflict with European law and have taken our challenges all the way to the Supreme Court of the United States. In 2018, as a direct result of litigation Microsoft brought on behalf of our European customers, the U.S. Congress enacted legislation that guarantees our right to object to U.S. law enforcement demands to access European data that conflict with EU law.

    We codified our promise to protect our European customers’ data with our Defending Your Data commitment, in which we agreed to challenge any government demand for EU public sector or enterprise customer data where we have a legal basis for doing so. We have included that commitment in our customer contracts and backed it up with a promise to compensate customers if we disclose their data in violation of EU law.

    New opportunities for innovation

    Today we commit to further strengthen and expand solutions that allow European customers to control and protect their data. We are embarking on new steps to listen to and consult with European customers to build on what already is the most complete, widest range of privacy, security, and sovereignty solutions that any cloud services provider now offers to customers in Europe. We look forward to sharing in the coming months the conclusions that emerge and the new steps we decide to take.

    For more details about Microsoft’s data protection and compliance programs, see the Microsoft Trust Center.

    4. We will always help protect and defend Europe’s cybersecurity

    As war erupted in 2022, Microsoft immediately helped evacuate Ukraine’s critical data and technology services to our datacenters across Europe. This move ensured Ukraine’s continued digital operation outside the range of cruise missile and air attacks. In many ways, this illustrates the role that a broad network of datacenters plays in supporting not only digital but broader resilience, both for a country and a continent.

    Uninterrupted, world-class cybersecurity protection

    In addition to safeguarding the country’s data, we immediately helped Ukraine’s officials and citizens defend their nation from Russian cyberattacks. Since the start of the war, Microsoft has provided more than $500 million of free technology and financial assistance to Ukraine and has sustained our substantial support to this day. Without interruption, we have provided cybersecurity support to NATO, Ukraine, and other European governments, including by sharing cybersecurity threat intelligence, protecting elections, and disrupting attacks against European governments, companies, and citizens.

    New measures to protect against new threats

    More than three years since the start of the war in Ukraine, European governments and countries confront ongoing cyberattacks from Russia, China, Iran, and North Korea. As these threats grow in number and sophistication, strong cybersecurity protection and coordination are more important than ever, as is the ability to respond rapidly to regional demands. That is why today we are announcing the following cybersecurity steps, which will be followed by additional announcements in the coming weeks.

    A new Deputy CISO for Europe

    Today, our Chief Information Security Officer (CISO) Igor Tsyganskiy announced that we are appointing a new Deputy CISO for Europe as part of the Microsoft Cybersecurity Governance Council. This senior executive will be dedicated to Microsoft’s security responsibilities in Europe. Last year we created this council, consisting of our Global CISO and Deputy Chief Information Security Officers (Deputy CISOs) representing each of our technology services. This Council oversees the company’s cyber risks, defenses, and compliance across regions and domains.

    The appointment of a Deputy CISO for Europe reflects the importance and global influence of EU cybersecurity regulations and the company’s commitment to meeting and exceeding those expectations to prioritize cybersecurity across the region. This new position will report directly to Microsoft’s CISO. The Deputy CISO for Europe will be accountable for compliance with current and emerging cybersecurity regulations in Europe, including the Digital Operational Resilience Act (DORA), the NIS 2 Directive, and the Cyber Resilience Act (CRA). These laws will prove transformative not only in EU markets, but worldwide, and Microsoft is actively engaged in preparing for what lies ahead.

    New security steps under the Cyber Resilience Act

    We believe the CRA will reshape the regulatory landscape as a new gold standard for cybersecurity, much as the GDPR did for privacy. We will build on the work of our Secure Future Initiative and dedicate additional resources to comply with the CRA. As its deadlines approach, we look forward to continuing our years of engagement with the European Commission, industry partners, and customers on CRA implementation efforts. We are committed to our role as a member of the European Commission’s Expert Group on Cybersecurity of Products with Digital Elements.

    To that end, Microsoft will continue to engage with stakeholders across a range of CRA topics. These will include incident and vulnerability reporting, security by design and default, cybersecurity best practices and improving open-source security and attestation. We will share our innovations that support implementing the CRA essential security requirements to help European economic operators also prepare for CRA compliance.

    Security is the foundation of trust. To sustain that trust, we will engage an independent auditor to verify and validate our commitments to Europe. We know that people will only use technology that they trust, which is why we are dedicating resources to accelerate our compliance with the CRA and committing to independent validation.

    5. We will help strengthen Europe’s economic competitiveness, including for open source

    Our AI Access Principles

    We recognize the importance of ensuring open access to our AI and cloud platform and infrastructure across Europe, including for open-source development. That is why we announced last year a set of AI Access Principles and we will introduce new enhancements to these commitments in the coming months.

    Open access across Europe

    These principles have ensured that our Azure AI platform and infrastructure is open to a variety of business models—both open-source and proprietary. We now host more than 1,800 AI models. Most of these models are open-source models, such as those from European-based AI developers Mistral and Hugging Face. And they are all available via public APIs to facilitate interoperability. This means that customers can choose which models to use and where to build their AI-powered solutions: on Azure, in another public cloud, or in their own datacenter. Finally, we enable customers to export and transfer their data. Last year we eliminated fees for the transfer of data when customers choose to switch to another cloud provider.

    A foundation for European competitiveness

    Over the past year, we have seen European startups, established businesses, and other organizations take advantage of the open access to models and tools that we provide to innovate, grow, and compete in the new AI economy. This includes technology startups such as Factorial in Spain to build AI-driven automation for HR professionals, iGenius in Italy to develop AI solutions for regulated industries, and Visma in Norway to provide AI solutions for companies in accounting, payroll, invoicing, and beyond. And it includes the Institute Curie in France to research new therapies for cancer, UBS in Switzerland to create the future of banking, and Heineken in The Netherlands to boost employee productivity.

    Building European infrastructure for Europe’s future

    We recognize that Microsoft must constantly remain focused on earning and sustaining our “license to operate” in each country across Europe. With datacenters and digital technology, this starts with each local community and country and includes officials with continental-wide responsibilities.

    Since we first brought the first version of Microsoft Word to Europe 42 years ago, digital technology has changed the ways people work many times over. Yet as we look forward, we believe the second quarter of the 21st century may bring even bigger changes ahead. Artificial intelligence offers what may become the most powerful tool for people in the history of humanity. And like all tools, there will be some who will seek to turn it into a weapon.

    More than ever, it will be critical for us to help Europe harness the power of this new technology to strengthen its competitiveness. We will need to partner with smaller and larger companies alike. We will need to support governments, non-profit organizations, and open-source developers across the continent. And we will need to listen closely to European leaders, respect European values, and adhere to European laws. We are committed to doing all these things well.

    As we celebrated Microsoft’s 50th birthday earlier this month, we recognized that our longstanding presence in Europe has been a lynchpin of our success. Europe has treated us well. Our support for Europe has always been—and always will be—steadfast.

    Tags: Digital commitments, Europe

    MIL OSI Economics

  • MIL-OSI USA: Congressman Morgan McGarvey Introduces American Sovereign Wealth Fund Exploration Act of 2025

    Source: United States House of Representatives – Congressman Morgan McGarvey (Kentucky-03)

    April 30, 2025

    Congressman Morgan McGarvey (KY-03) introduced the American Sovereign Wealth Fund Exploration Act of 2025 today, which would create a 25-member commission to study and report on the “feasibility, considerations, limitations, and implications of creating and operating a sovereign wealth fund of the United States.” To provide independence, the commission would be hosted by the Federal Reserve and be composed of members from the Federal Reserve System, Treasury Department, Securities and Exchange Commission, Commerce Department, U.S. Trade Representative, and academics and experts.

    Last year, Congressman McGarvey introduced a similar bill, which was the first legislation ever introduced in Congress explicitly researching the feasibility of an American sovereign wealth fund.

    “To solve today’s problems, we must be bold. An American sovereign wealth fund, with proper congressional authorization and oversight and political independence, could dramatically improve the lives of working families across our country, including helping fund universal child care, an expanded Child Tax Credit, or even universal health care,” said Congressman McGarvey. “If we are going to do this, we have to do it right – and we have to do it through Congress. We must ensure a sovereign wealth fund is used to help working families and is not just a slush fund for billionaires.”

    BACKGROUND:

    General

    • The American Sovereign Wealth Fund Exploration Act of 2025 is built on the premise that a sovereign wealth fund (SWF) is neither good nor bad, it’s a tool.

    • The bill prioritizes objective analysis, political independence, and strong ethics requirements, including requiring the 25-member commission to consult the Santiago Principles – best practices for open, ethical, and transparent SWFs – when drafting their report.

    • The commission would have two years to develop a report to Congress on their findings and recommendations for legislative action.

    • To provide independence, the bill explicitly requires that the commission is housed within the independent Federal Reserve System.

    The McGarvey Commission

    The bill creates a 25-person commission comprising of:

    • 6 representatives from the Board of Governors of the Federal Reserve System or a Federal reserve bank.

    • 3 representatives from the Department of the Treasury.

    • 3 representatives from the Securities and Exchange Commission.

    • 2 representatives from the Department of Commerce.

    • 1 representative from the Office of the U.S. Trade Representative.

    • 10 representatives from academia or experts in the fields of economics, monetary policy, fiscal policy, investment policy, industrial policy, or other aspects involving sovereign wealth funds, appointed by the Chair of the Federal Reserve.

    Sovereign Wealth Funds in Other Developed Nations

    According to the International Forum of Sovereign Wealth Funds, over $9 trillion in assets are managed by over 100 SWFs globally, such as: 

    State-Level Funds in the U.S.

    According to the Sovereign Wealth Fund Institute, 14 U.S. states have SWFs:

    ###

    MIL OSI USA News

  • MIL-OSI Security: Security News: Justice Department Declines Prosecution of Company That Self-Disclosed Export Control Offenses Committed by Employee

    Source: United States Department of Justice 2

    Note: View the declination letter here.

    The Justice Department today announced that it has declined the prosecution of Universities Space Research Association (USRA) after it self-disclosed to the Department’s National Security Division (NSD) criminal violations of U.S. export control laws committed by its former employee, Jonathan Soong. Soong pleaded guilty to willfully violating the Export Administration Regulations (EAR) by exporting U.S. Army-developed aviation software to a university in the People’s Republic of China (PRC) that had been placed on the Commerce Department’s Entity List and was sentenced to 20 months in prison.

    “If we stay vigilant, all of us — including our citizens, small businesses, and large corporations — can play a critical role in protecting our country,” said Sue J. Bai, head of the Justice Department’s National Security Division. “A criminal who compromised our national security was brought to justice because his employer caught him and immediately turned him in. We decline to prosecute his employer and are ready to work together with such responsible corporate actors who are committed to joining us in this fight to protect our country from foreign adversaries.”

    “USRA discovered that one of its employees was funneling sensitive aeronautics software to a Beijing university in violation of export control laws and at risk to our national security,” said Acting U.S. Attorney Patrick D. Robbins for the Northern District of California. “What the company did next made all the difference in the Government’s decision not to prosecute it: the company took swift and proactive measures to disclose the employee’s wrongdoing, provide all known facts, and cooperate – and continue to cooperate – with the government’s investigation.”

    According to court documents, in April 2016, USRA contracted with the National Aeronautics and Space Administration (NASA) to, among other things, license and distribute for a fee aeronautics-related and U.S. Army-owned flight control software. Soong was employed by USRA as a program administrator under the contract and was responsible for performing due diligence on prospective purchasers to ensure that the sale or transfer of software licenses complied with applicable law, including by checking the Entity List. Soong willfully exported software subject to the EAR to Beijing University of Aeronautics and Astronautics, also known as Beihang University (Beihang), a university in the PRC, knowing that an export control license was required for the export to Beihang because it was on the Entity List. Beihang was on the Commerce Department’s Entity List due to its involvement in the development of military rocket systems and unmanned air vehicle systems. Soong further used an intermediary to complete the transfer and export of the software to Beihang to avoid detection, and embezzled tens of thousands of dollars in software license sales by directing purchasers to make payment to an account he personally owned and controlled.

    This scheme continued until NASA inquired about the sales of software licenses to PRC-based purchasers and USRA began to investigate. Soong initially lied to USRA and fabricated evidence that he had conducted due diligence on the purchasers and provided it to USRA’s counsel to provide to NASA, but after USRA’s counsel investigated further and confronted Soong with evidence that contradicted his statements, he admitted to knowing that Beihang was on the Entity List when he exported the software to Beihang and that a license had been required for the export.

    Within days of learning that Soong had willfully violated U.S. export control laws, and before USRA had completed its own investigation to understand the scope of the misconduct, USRA self-disclosed the crime to NSD and fully cooperated with the ensuing criminal investigation, which eventually established that Soong had acted alone at USRA. USRA’s cooperation included proactively identifying, collecting, and disclosing relevant evidence to investigators, including foreign language evidence and evidence located overseas, and providing detailed and timely responses to the government’s requests for information and evidence. USRA remediated the root cause of the misconduct by disciplining a supervisory employee who failed appropriately to supervise Soong, and by significantly improving its internal controls and compliance program. USRA also compensated the government both for the funds Soong embezzled, and for the time Soong had spent embezzling funds instead of performing his duties under USRA’s contract with NASA.

    The Justice Department declined USRA’s prosecution after considering the factors set forth in the Department’s Principles of Federal Prosecution of Business Organizations and the National Security Division Enforcement Policy for Business Organizations (NSD Enforcement Policy). The NSD Enforcement Policy creates a presumption that companies that (1) voluntarily self-disclose to NSD potentially criminal violations arising out of or relating to the enforcement of export control or sanctions laws, (2) fully cooperate, and (3) timely and appropriately remediate will generally receive a non-prosecution agreement, unless aggravating factors are present.  In appropriate cases, the NSD Enforcement Policy authorizes prosecutors to go further, and exercise discretion to decline a company’s prosecution. This is the second time that NSD has exercised its discretion to decline the prosecution of a company under the NSD Enforcement Policy.

    The case was investigated by the Department of Commerce’s Bureau of Industry and Security; the Department of Defense’s Defense Criminal Investigative Service; and the FBI. The NASA Office of Inspector General; U.S. Army Criminal Investigation Division; U.S. Army Counterintelligence; and the Department of Homeland Security, Homeland Security Investigations provided valuable assistance.

    Trial Attorney Rachel Craft of the National Security Division’s Counterintelligence and Export Control Section and Assistant U.S. Attorney Barbara Valliere for the Northern District of California prosecuted the case.

    MIL Security OSI

  • MIL-OSI Global: DOGE’s AI surveillance risks silencing whistleblowers and weakening democracy

    Source: The Conversation – Canada – By Thomas Stuart, Lecturer in Communications, Gustavson School of Business, University of Victoria

    The United States Department of Government Efficiency (DOGE) is reportedly using artificial intelligence to surveil federal agency communications for anti-Donald Trump and anti-Elon Musk sentiment.

    AI tools now automate firings and assess U.S. federal employees’ sentiment and alignment with the administration’s “mission.” Musk, who has been appointed a “special government employee” by the U.S. president and leads DOGE, has framed these moves as an attempt to cut waste and increase efficiency.

    At least one agency, the Environmental Protection Agency (EPA), has reportedly warned staff to watch what they say, type or do online.

    The move has been largely overshadowed by tariff debates and constitutional concerns. But research on AI and governance suggests surveillance may erode the transparency that defines public institutions.

    Now, with Musk signalling he may scale back his involvement with DOGE, questions remain about how the system will operate in his absence — and whether anyone will be tasked with dismantling it.

    Disruption replaces due process

    Musk has presented DOGE as a lean, tech-driven solution to government bloat — a message he has repeated in interviews and on social media. Artificial intelligence, he argues, can cut red tape, trim costs and optimize operations.

    However, within federal agencies, AI has been used less to support public servants than to evaluate them — and in some cases, to eliminate them.

    Since DOGE assumed control over key functions within the Office of Personnel Management in January, hundreds of federal employees have been dismissed without formal explanation. DOGE also restricted access to cloud systems and sidelined career officials.

    DOGE was established by Trump through an executive order on Jan. 20, 2025 and tasked with cutting federal spending.
    (Shutterstock)

    Concerns over data security soon followed. In March, a federal judge barred DOGE from accessing Treasury systems, citing a “chaotic and haphazard” approach that posed a “realistic danger” of exposing sensitive financial information.

    Internally, DOGE operates through tools more familiar to startups than government agencies. Staff use disappearing messages via the Signal messenger app and draft documents in Google Docs rather than approved federal platforms.

    Grok, a generative AI chatbot launched by Musk in 2023, has been integrated across departments, though its tasks remain unclear.

    How Doge’s AI targets workers

    Earlier this year, thousands of federal employees received an email from the Office of Personnel Management asking them to provide five bullet points listing what they accomplished that week. “Failure to respond,” Musk warned on X, “will be taken as a resignation.”

    The message triggered uncertainty across departments. Without clear legal guidance, many workers were left guessing whether silence would mean termination. The Department of Justice and several intelligence agencies warned staff not to respond.




    Read more:
    Musk’s ruthless approach to efficiency is not translating well to the U.S. government


    Others, like the U.S Department of Health and Human Services (HHS) and Department of Transportation, instructed staff to comply with DOGE’s requests. HHS later warned responses could “be read by malign foreign actors.” The EPA distributed template responses to help staff navigate the demand.

    The following week, the Office of Personnel Management clarified participation was voluntary. By then, responses had already been processed.

    DOGE reportedly planned to feed the responses into a large language model to determine whether an employee was mission-critical. Musk later denied this, describing the exercise as a test “to see if the employee had a pulse.”

    DOGE’S algorithms judge allegiance

    According to reports, DOGE’s AI tools have now been deployed across agencies to monitor political sentiment of workers. There is no indication that these systems otherwise assess employee competence or efficacy.

    Trump administration officials reportedly said some government employees have been informed that DOGE is examining staff for signs of perceived disloyalty to both the Trump administration and Musk himself.

    When AI is used in this way — without transparency or clear performance frameworks — it optimizes for compliance rather than capability.

    AI designed to detect dissent offers little support for the work of public service. Rather than recognizing expertise or ethical judgment, these tools reduce complex decision-making to surface-level signs of loyalty.

    Effective collaboration between humans and AI depends on clear boundaries. AI might complement the public service by identifying patterns in data, for example. Humans though must retain authority over context and judgment. When AI polices allegiance, those boundaries collapse, sidelining human skill and integrity.

    AI surveillance rewrites workplace behaviour

    The inherent limitations of large language models amplify these risks. These models cannot reliably read nuance, navigate ethical grey areas or understand intent. Assigning surveillance or employee evaluations to these systems invites errors.

    Worse, such blunt tools force civil servants into self-censorship to avoid misinterpretation. Public service shifts from informed expertise to performative alignment.

    For employees, the consequences extend beyond flawed assessments. AI surveillance deployed through tools like Grok and Signal creates uncertainty about how performance is measured and by whom.

    As surveillance systems degrade psychological safety, employees disengage and become discouraged. Far from enhancing productivity, covert monitoring erodes trust in both management and mission.

    This atmosphere weakens accountability. Whistle-blowing often reflects loyalty to institutional values rather than defiance. By reframing personal beliefs and integrity as disloyalty, DOGE will silence mechanisms that safeguard transparency.

    AI surveillance becomes institutional

    Musk recently announced his involvement at DOGE “will drop significantly”, likely beginning in May. The move is attributed in part to pressure from Republicans urging Trump to distance himself from Musk, as well as pressure from Tesla investors.

    Despite his expected departure, around 100 DOGE employees — and the AI frameworks they manage — will remain embedded across federal departments. Musk’s departure may shift headlines, but it will leave structural risks embedded within federal operations.

    Once governments adopt new surveillance tools, they rarely dismantle them, regardless of whether their architect stays to oversee them. With no clear formal oversight beyond presidential discretion, the surveillance system is likely to outlast Musk’s tenure.

    Employees monitored for political conformity are less likely to raise concerns, report misconduct or challenge flawed directives.

    As human resource protocols are bypassed and oversight is diminished, the balance could shift from policy grounded in principle to regulations grounded in algorithms. Governance risks giving way to control, which could weaken the political neutrality of the civil service.

    Thomas Stuart 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. DOGE’s AI surveillance risks silencing whistleblowers and weakening democracy – https://theconversation.com/doges-ai-surveillance-risks-silencing-whistleblowers-and-weakening-democracy-254358

    MIL OSI – Global Reports

  • MIL-OSI: Self-Service Portals Emerge as a Competitive Imperative in B2B Aftersales, New Study Finds

    Source: GlobeNewswire (MIL-OSI)

    BERLIN and NEW YORK, April 30, 2025 (GLOBE NEWSWIRE) —  Spryker, the leading composable commerce platform for global enterprises, today announces findings from a new study released in partnership with Statista+. The findings reveal that as digital-first expectations reshape the B2B landscape, there is a growing urgency for enterprises to offer Self-Service Portals (SSPs) as a core part of the aftersales experience. The study, which surveys 100 U.S.-based B2B buyers across Automotive, MedTech, Agriculture, and Industrial Manufacturing sectors, highlights a widening “SSP Opportunity Gap”—the space between buyer demand for self-service capabilities and the limited availability offered by suppliers.

    Key findings include:

    • SSPs are the second most preferred B2B aftersales channel, yet rank only fourth in actual usage.
    • 95% of buyers believe SSPs improve purchasing efficiency, with two-thirds saving 30 to 60 minutes per transaction.
    • Only 32% of non-SSP users are satisfied with their aftersales experience, compared to 86% of SSP users.
    • 88% of buyers say SSP availability influences their choice to continue purchasing from a supplier.

    “There is a real opportunity here for enterprises looking to get ahead. As B2B buyers increasingly expect seamless, digital-first experiences, SSPs move from ‘nice-to-have’ to ‘must-have,’” says Boris Lokschin, Co-founder and Chief Executive Officer at Spryker. “The study finds that 79% of buyers believe SSPs will play an important role in B2B purchasing and aftersales. That’s not just demand, it’s a clear signal that the market is shifting.”

    According to Gartner, 75% of organizations will complete their highest-revenue deals via digital channels by 2028. As organizations are pushed to increase efficiency while delivering seamless customer experiences, the urgency for digital transformation accelerates. Paired with the need to do more with less, scalable and efficient service models become essential.

    “Buyers want control and speed without sacrificing trust or performance,” says Elena Leonova, Chief Product Officer at Spryker. “With 51% of buyers facing technical issues or downtime while using SSPs, the importance of choosing a robust, enterprise-grade solution designed for stability, security, and scalability is paramount.”

    Spryker’s Self-Service Portal is designed to unify fragmented customer interactions into a single, user-friendly platform. It offers features like 24/7 account dashboards, asset and claims management, and account-specific pricing. As a one-stop shop, it supports a seamless aftersales experience, increasing efficiency, improving customer satisfaction, and driving profitable growth.

    The study dives deeper into buyer expectations across industries, the most critical SSP features, and what sets digital leaders apart in today’s B2B market. Read the full study findings here.

    Methodology
    The study, conducted by Statista+ on behalf of Spryker in March 2025, included 100 U.S.-based B2B buyers from four key industries: Automotive, MedTech, Agriculture, and Industrial Manufacturing.Data was collected through 10-minute Computer-Aided Telephone Interviews (CATI), including screen-sharing, to ensure clarity and accuracy. Participants were selected to provide a balance across industries. All respondents are involved in B2B purchasing processes and engage in aftersales transactions. The sample includes SSP users and non-users, providing a balanced view of current practices, pain points, and future expectations. Fieldwork was conducted between March 17–21, 2025.

    About Spryker
    Spryker is the leading global composable commerce platform for enterprises with complex use cases to enable growth, innovation, and differentiation. Designed specifically for sophisticated transactional businesses, Spryker’s easy-to-use, headless, API-first model enables businesses to adapt, scale, and quickly go to market while facilitating faster time-to-value throughout their digital transformation journey. As a global platform leader for B2B and B2C Enterprise Marketplaces, IoT Commerce, and Unified Commerce, Spryker has empowered 150+ global enterprise customers worldwide and is trusted by brands such as ALDI, Siemens, ZF Friedrichshafen, and Ricoh. Spryker is a privately held technology company headquartered in Berlin and New York backed by world class investors such as TCV, One Peak, Project A, Cherry Ventures, and Maverick Capital. Learn more at spryker.com and follow Spryker on LinkedIn and X.

    The MIL Network

  • MIL-OSI USA: SBA Relief Still Available to Kansas Small Businesses and Private Nonprofits Affected by August 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 Kansas of the May 30 deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought occurring Aug. 6, 2024.

    The declaration covers the Kansas counties of Decatur, Gove, Logan, Rawlins, Sheridan, Sherman and Thomas.

    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 small 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 May 30.

    ###

    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

  • MIL-OSI USA: SBA Relief Still Available to Hawaii Small Businesses and Private Nonprofits Affected by August 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 Hawaii of the May 30 deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought occurring Aug. 6, 2024.

    The declaration covers the Hawaii counties of Hawaii, Honolulu, Kalawao, Kauai and Maui.

    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 May 30.

    ###

    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

  • MIL-OSI USA: SBA Relief Still Available to North Dakota Small Businesses and Private Nonprofits Affected by August 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 May 30 deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought beginning Aug. 6, 2024.

    The declaration covers the North Dakota counties of Adams, Bowman and Slope as well as Fallon County in Montana and Harding County in South Dakota.

    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 May 30.

    ###

    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

  • MIL-OSI USA: SBA Relief Still Available to Colorado Small Businesses and Private Nonprofits Affected by August 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 Colorado of the May 30 deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought occurring Aug. 6, 2024.

    The declaration covers the Colorado counties of Adams, Arapahoe, Denver and Jefferson.

    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 May 30.

    ###

    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

  • MIL-OSI USA: Murkowski Leads Bipartisan, Bicameral Push to Support Coastal Communities

    US Senate News:

    Source: United States Senator for Alaska Lisa Murkowski
    04.30.25
    Washington, D.C. – Today, U.S. Senators Lisa Murkowski (R-AK) and Maria Cantwell (D-WA) joined U.S. Representatives Chellie Pingree (ME-01) and Maria Elvira Salazar (FL-27) in introducing legislation to strengthen coastal communities and the blue economy across the U.S. The bipartisan, bicameral Ocean Regional Opportunity and Innovation (Ocean ROI) Act, would direct the Secretary of Commerce to establish “Ocean Innovation Clusters,” while providing grants for their establishment, operation, and administration.
    Specifically, the Ocean ROI Act would require the Secretary of Commerce—acting through the administrator of the U.S. Economic Development Administration, and in consultation with the administrator of the National Oceanic and Atmospheric Administration (NOAA)—to designate at least one ocean innovation cluster in each of the five NOAA Fisheries regions, Gulf of America region, and the Great Lakes region. The bill would also authorize $10 million for competitive grants for cluster operation and administration to support ocean innovation clusters on the federal level.
    “A strong blue economy will require strong coordination and creativity, and that’s why I’m leading this effort to invest in our ocean clusters and take advantage of the opportunities for innovation and collaboration,” said Sen. Murkowski. “This effort doesn’t just focus on the untapped economic potential of our blue economy, but also ensures that collaboration is at the center of any conversation or effort to address the impacts of climate change on our coastal communities. By providing incentives and workspaces for Alaskans in maritime and maritime-adjacent industries, we can achieve real progress in strengthening the blue economy.”
    “From protecting orcas from vessel noise, to transitioning to a carbon-free future for our ports and maritime industry, Washington’s ocean cluster, called Maritime Blue, is working hard to solve complex challenges facing our economy. This bill would build on their success by creating a new grant program to fund ocean innovation clusters and grow Washington’s $60 billion maritime economy,” said Sen. Cantwell.
    “Ocean innovation doesn’t happen in a vacuum; it relies on strong federal partnerships and trusted scientific institutions and federal agencies. As the Trump Administration doubles down on its attacks against climate research and ocean science, it’s more important than ever that Congress step up,” said Rep. Pingree, a senior appropriator and member of the House Oceans Caucus. “The Ocean Regional Opportunity and Innovation Act is a bipartisan, bicameral effort to invest in our Blue Economy, boost ocean-based industries, and strengthen the resilience of coastal communities from the Gulf of Maine to the Bering Sea. Congresswoman Salazar, Senator Murkowski, Senator Cantwell, and I represent some of the most iconic and vulnerable coastlines in the nation. We know just how vital the ocean is to our economies, our environment, and our future. The United States should be leading the world in ocean innovation, not dismantling the partnerships that make it possible.”
    “Miami’s beautiful coasts and pristine waters provide Florida with billions in tourism and commerce every year, and I am committed to preserving them for generations to come,” said Rep. Salazar. “I am proud to reintroduce this legislation to promote Miami’s development and improve our environment through the sustainable use of our oceans. The blue economy and the opportunities it provides are growing, and there is no better place to invest the best we have in research and technology than right here in South Florida.”

    MIL OSI USA News

  • MIL-OSI: Viridien: Combined General Meeting and Board of Directors Meeting of April 30, 2025

    Source: GlobeNewswire (MIL-OSI)

    Combined General Meeting and Board of Directors Meeting

    of April 30, 2025

    Paris, France – April 30, 2025

    The Combined General Meeting of Viridien, chaired by Mr. Philippe SALLE was held on April 30, 2025 in Paris. The voting results and video replay of the event will be available on the Company’s website at the following address: https://www.viridiengroup.com/investors/shareholders/general-meetings.

    The General Meeting approved all resolutions that were submitted to it and notably:

    • The statutory financial statements and consolidated financial statements for the financial year 2024;
    • Appointment of DELOITTE & ASSOCIES, in replacement of ERNST & YOUNG et Autres, as statutory auditor in charge of certifying financial statements;
    • Appointment of BDO PARIS, in replacement of MAZARS, as statutory auditor in charge of certifying financial statements;
    • The Appointment of BDO PARIS as statutory auditors in charge of certifying the sustainability information;
    • The Say on Pay resolutions on the remuneration of corporate officers;
    • The renewals of Mr. Philippe SALLE, Mrs. Anne-France LACLIDE-DROUIN and Mr. Michael DALY’s term as Director for a period of four years and the co-optation of Mrs. Amélie OYARZABAL as Director.

    The Board of Directors, at its meeting following the General Meeting, appointed:

    • Mrs. Sophie ZURQUIYAH as Chairperson and Chief Executive Officer until the end of her term of office as director at the latest, i.e. until the Annual General Meeting of 2026,
    • Mr. Philippe SALLE as Vice-Chairman and Lead Independent Director.

    The Board also noted the end of Patrick CHOUPIN’s term of office as Director representing the employees. As the Company no longer exceeds the headcount thresholds requiring the appointment of a director representing the employees, no new director representing the employees will be appointed. The Board thanks Patrick CHOUPIN for his valuable insights, bringing the employees’ view to the Board room.

    The Board of Directors therefore comprises 8 directors, of whom 87.5% are independent and 50% are women. The Board is composed of:

    • Sophie ZURQUIYAH, Chairperson and Chief Executive Officer
    • Philippe SALLE*, Vice-Chairman and Lead Independent Director
    • Michael DALY*
    • Olivier JOUVE*
    • Anne-France LACLIDE-DROUIN*
    • Colette LEWINER*
    • Amélie OYARZABAL*
    • Mario RUSCEV*

    The Board also modified the composition of its committees as follows:

    Audit and Risk Management Committee

    • Anne-France LACLIDE-DROUIN*, Chairwoman 
    • Colette LEWINER *
    • Amélie OYARZABAL*

    Appointment, Remuneration and Governance Committee

    • Colette LEWINER*, Chairwoman
    • Olivier JOUVE*
    • Mario RUSCEV*

    New Businesses and M&A Committee

    • Michael DALY*, Chairman
    • Olivier JOUVE*
    • Amélie OYARZABAL*
    • Mario RUSCEV*

    Sustainability Committee

    • Philippe SALLE*, Chairman
    • Michael DALY*
    • Anne-France LACLIDE-DROUIN*
    • Mario RUSCEV*

    Sophie Zurquiyah, Chairperson and Chief Executive Officer of Viridien:

    “On behalf of the Board of Directors, I extend our heartfelt gratitude to Philippe SALLE for his exceptional leadership and vision. His guidance has empowered the Group to undertake a bold and pivotal transformation, laying the foundation for a sustainable future. We are fortunate to have his continued presence on the Board as Vice-Chair and Lead Independent Director, which will be a precious assurance of continuity and stability.
    I would like to express my sincere gratitude to the Board of Directors for the trust they have placed in me by appointing me as Chairperson of the Board, in addition to my current role as Chief Executive Officer. This responsibility is a true honor, and I am committed to fulfilling it with determination, while awaiting the Board’s definition of a new governance structure for Viridien starting in 2026.”

    * Independent director

    About Viridien :

    Viridien (www.viridiengroup.com) is an advanced technology, digital and Earth data company that pushes the boundaries of science for a more prosperous and sustainable future. With our ingenuity, drive and deep curiosity we discover new insights, innovations, and solutions that efficiently and responsibly resolve complex natural resource, digital, energy transition and infrastructure challenges. Viridien employs around 3,400 people worldwide and is listed as VIRI on the Euronext Paris SA (ISIN: FR001400PVN6).

    Contact:
    Group General Secretary
    general.secretary@viridiengroup.com

    Attachment

    The MIL Network

  • MIL-OSI USA: Murphy Slams Trump’s First 100 Days: This Is A Story Of Incompetence, Theft, And Mind-Blowing Corruption

    US Senate News:

    Source: United States Senator for Connecticut – Chris Murphy
    [embedded content]
    WASHINGTON—U.S. Senator Chris Murphy (D-Conn.) spoke on the U.S. Senate floor to deliver a scathing indictment of President Trump’s first 100 days in office. Murphy detailed the litany of corrupt acts that have defined this Administration, including the sale of White House access for the Trump family’s personal profit, manipulation of federal agencies for financial gain, and the systematic dismantling of anti-corruption safeguards.
    “This is not normal. None of this is normal. This is outlandish, this is illegal, this is unconstitutional, brazen corruption, and this is only the first 100 days. I just detailed 40 instances of mind-blowing corruption in just 40 days, capped off by an attempt to just sell access to the White House to people who put money in the pocket of Donald Trump’s personal businesses. Donald Trump wants to numb this country into believing that this is just how government works. That he’s owed this. That every president is owed this. That government has always been corrupt, and he’s just doing it out in the open. But this is not how government works. This has been the story of his first 100 days, but it’s our choice as a nation to allow it to be the story of the rest of his term. We need to expose what he is doing. We need to rally everybody, from the left to the right. Nobody in this country, whether you’re a hardened conservative or a hardened progressive, should root for the president of the United States to be enriching himself off of this position. We need to rally this nation against this corruption and bring it to an end, because if Donald Trump gets what he wants, and we just start allowing our government’s leaders to openly steal from us during the first 100 days or for the rest of his term, then I am telling you, American democracy is not going to survive.”
    Last month, he highlighted Trump’s first six weeks of corruption.
    A full transcript of his remarks can be found below:
    MURPHY: “Thank you, Mr. President. My colleagues, you’re going to hear a lot of stories about the first 100 days of President Trump’s second presidency, and indeed there are a lot of stories. There is a story of incompetence. We’re dealing with multiple measles outbreaks all across the country. There is the story about abdicating our responsibility to lead around the world – Vladimir Putin is laughing at us as Trump goes about the business of handing Ukraine to a brutal Kremlin dictator. There is the story of a transferring wealth from the poor and the middle class through massive cuts to Medicaid, to the very, very wealthy, who are asking for another massive tax cut. 
    “But I would argue, Mr. President, that the most important story to tell is a story of corruption. A story of mind-blowing, massive, scalable corruption. That story is important because we are watching the theft of taxpayer money by the decision of the Republican Party to look the other way as Donald Trump essentially monetizes at scale the White House and the powers given to him by the Constitution and the American people in order to enrich himself and his friends. And if we don’t tell this story, and if we don’t mount a national bipartisan, apolitical resistance to this thievery, to this corruption, and it becomes normalized as just a part of doing business in America, a normal facet of residents in the White House, then shame on us, because our democracy will not survive this level of corruption, grift, and graft. 
    “So I am going to try to tell the story really quickly. I’ve got two charts and it’s hard to read – these words are really small – because over the course of 100 days, there are 40, 50, 60 individual acts of precedent-breaking corruption. And that’s intentional because what President Trump is trying to do is engage in so much public corruption that you just become normalized to it, that you stop paying attention to the corruption because can it be corruption if it is just playing out in public? He’s trying to make you think that this kind of stuff happens all the time behind the scenes and now all that’s different is you are seeing it publicly. 
    “But that is not true. This is not actually how government works. And I refuse to accept that just because the corruption is happening in public, in front of the cameras for everybody to see, that we should accept it. 
    “Okay. I’m going to try to do this. I’m going to try to do this as quickly as possible. I’m just going to highlight for you maybe the 40 most egregious examples of corruption in the first 100 days, but this is just the tip of the iceberg. 
    “So, on January 6th – this is before Trump is even sworn in – Amazon, which has a ton of business before the incoming Trump White House, pays $40 million to the Trump family to license a documentary in a series about Melania Trump. Just a cash payment from a company that has huge interests before the incoming White House to the Trump family. 
    “On January 17th, a few days before Trump is sworn in – maybe the most corrupt act in the history of the White House – this is the creation of the Trump meme coin. This is just a backdoor way for anybody with business before the Trump administration to send him millions of dollars in total secret. Trump doesn’t disclose who buys the coin. He launders his income from the coin through an unregulated Chinese exchange. He promotes the coin on his social media feeds. In the first minute of trading, one buyer – and what we know is that this was likely a Chinese individual – purchases six million coins, sending the price through the roof and immediately making a ton of money for Trump, who makes money off of every transaction. Trump knows who this person is, no doubt, but American citizens do not. 
    “January 20th, he is now sworn in and he fulfills a campaign promise to the oil and gas industry. There’s a report from the campaign that says they came down to Mar-a-Lago, I think, and said ‘We’ll give you a billion dollars in campaign contributions.’ This is not me alleging this, this is an open report. The oil and gas industry says we’ll give you a billion dollars in campaign contributions if you do what we want when you are sworn in. And the day he’s sworn in, Trump issues an executive order gutting environmental rules so that the oil and gas industry can start making bigger amounts of money. 
    “On January 25th, Trump eliminates the Inspectors General, the ethics officials in government and whistleblower offices. It’s a late-night purge, so you know it’s fishy. On January 25th, 17 Inspectors General get fired, clearing the way for the president to engage in even more corruption because that’s what the Inspectors General do. They sit in these agencies and they look for corruption. Now the Inspectors General are gone. They’re just gone. 
    “But that’s not good enough because on that same day, Trump fires the head of the Office of Special Counsel. Why would you do that? Well, that office is an investigative and prosecutorial office that works to end government and political corruption and protects government employees who become whistleblowers. That office is gone now, along with all of the whistleblowers. 
    “Two days later, Trump illegally fires NLRB member Gwen Wilcox. This effectively shuts down, illegally, the NLRB for a period of time. Why is that important? Because the guys who were standing behind Donald Trump on Inauguration Day, people like Elon Musk and Jeff Bezos, they are being investigated at the moment by the NLRB for massive workplace violations. Now the NLRB is shut down, a big gift to the people who financed Donald Trump’s inauguration and stood behind him to give him political endorsement and cover on his inauguration day. 
    “On January 31st, a trend begins: enforcement actions are paused against Trump loyalists. This is Representative Andy Ogles from Tennessee. He was being investigated for illegal, or potentially illegal, loans made to his 2022 campaign. But right after Rep. Ogles introduces a bill to amend the constitution to allow Trump to serve for a third term, what happens? Trump makes the investigation go away. Because as you will see, Trump’s justice system will often look the other way if you cheat or steal but you are a friend of Donald Trump.
    “At the same time, another of Trump’s friends, his IRS nominee Billy Long, gets his donors – almost all of them have direct interest before the IRS – to pay off his six-figure campaign debt. It’s a fabulously corrupt thing to do, but it’s just all normal now. So when Trump is showing you the way, then the folks who work for him follow suit. 
    “Alright, we’ll jump to February now. February 4th. We’re into Week 2 of the Trump White House. Trump hauls the PGA and the Saudi government into the White House to broker an agreement between the two rival golf leagues so that Trump can make more money hosting golf tournaments. He’s in business with one of the entities, the Saudi-owned LIV league. In a normal world, the president of the United States wouldn’t be in business with any foreign government. But the president is, and not only is that okay, but it is also apparently okay for him to bring the golf league that he’s in business with into the White House and pressure the other golf league, the rival golf league, to cut a deal. And guess what happens? The PGA, which had long said they were not going to host events at Trump’s courses, after being hauled into the White House, looking the president of the United States in the eye – somebody they clearly have to do business with – they announce that they’re going to start allowing their tournaments to be held at Trump courses. Big benefit to Donald Trump’s personal bottom line. 
    “February 6th, two days later: Trump ends the criminal enforcement of the Foreign Agents Registration Act. Do you know what this is? You should. It requires people who are being paid by foreign governments to register. It’s no longer going to be enforced, so now members of the Trump administration can get backdoor payments from foreign governments and nobody is going to enforce the law. This isn’t theoretical. There were people who got arrested for doing this exact same thing, getting paid by foreign governments while working for the Trump administration, in term one. He wants to make sure it’s not a problem in term two, so he pauses enforcement of the actual act. 
    “Four days later, Trump eliminates the Consumer Financial Protection Bureau. This is just a magnificent present to all of his billionaire enablers because this is the agency that stops big businesses, banks, and other financial firms from ripping off consumers and now it is just shut down. 
    “The same day, DOJ drops charges against Eric Adams in a mind-blowingly public and brazen quid pro quo. Adams says he will pledge loyalty to Trump and support Trump’s political priorities in New York City, Trump drops the corruption charges against Adams. Just like the Ogles case, the door is now wide open to engage in corruption or criminality as long as you support Donald Trump. The thing that makes this one so egregious is that Adams and the White House go on TV to announce the corrupt deal. They don’t hide it. They just say that Adams is now supporting Donald Trump and we’re now going to drop the charges against him, and everybody gets the message. There’s a lot of stuff I can get away with as a corrupt official as long as I am in bed politically with Donald Trump. 
    “Same day, February 10th, DOJ pauses enforcement of the Foreign Corrupt Practices Act. This is the law that stops American companies from bribing foreign governments in order to get business. On February 10th, Trump suspends enforcement of an antibribery statute, paving the way for his friends in corporate America to start bribing foreign governments again. 
    “Two days later, the State Department forecasts that they are going to dramatically upscale the amount of money that they’re going to send to Tesla. This is the first time that Elon Musk shows up in this story. By February 12th, Elon Musk is pretty well embedded in the White House, and guess what? The State Department is now going to spend $400 million for armored Teslas – its largest expected contract in the upcoming year. 
    “February 12th, the same day, Musk infiltrates the Department of Labor and OSHA, giving him exclusive secret access to labor law violation data against him and his competitors. Unethical, corrupt, but this stuff is just happening every single day. A few days later, on February 15th and 16th, Musk now starts really testing the limits of what his boss will let him get away with. He fires a specific set of regulators at the FDA that are reviewing one of his medical products, Neuralink. The message is clear: you’ve got to do right by my applications or you risk getting the ax too. 
    “Three days later, on February 19th, Trump’s new U.S. Attorney for Washington, D.C., Ed Martin, starts to use his government power to harass Trump critics. He launches something called Operation Whirlwind and is pretty unapologetic about the fact that this is going to be an enforcement operation against anybody who just seeks to get in the way of DOGE. He doesn’t say he’s going after people who are acting illegally. He says anybody who tries to stop or protest or harass DOGE’s work is now going to be the subject of Operation Whirlwind, and he starts trolling critics of DOGE online. The U.S. Attorney for D.C. is now trolling DOGE critics online, obviously threatening criminal enforcement. 
    “You see what’s happening here? We’re 30 days into the administration, and everybody in Trump’s world, including the supposedly independent U.S. Attorneys, are getting the message: that it is now part of your job, if you work for Trump, to use your government powers to either enrich yourself or Trump or to help Trump politically. 
    “February 21st, two days later, the SEC drops a major investigation into a company called Robinhood. Why does this matter? You guessed it: this firm donated $2 million to Trump’s inauguration fund. 30 days later, the SEC drops an investigation into that firm. 
    “Put a pin in that, because you’re going to hear stories like it over and over again. 
    “Throughout February, we watched the rich guys that are surrounding Trump come up with new ways to monetize their positions. Kash Patel is a perfect example. He’s the nominee to head the FBI – maybe the most important independent bureau in the federal government – and while he’s going through that process, he is selling merchandise online ranging from T-shirts to playing cards, with the proceeds supposedly going to whistleblowers’ education and defamation cases. 
    “February 26th, news breaks that the FAA is considering giving a $2.4 billion contract to Elon Musk’s Starlink. But it’s not like a regular contract that’s up for bid. It’s a contract that was already awarded to one of Musk’s competitors, Verizon, and word leaks that the White House is thinking of just ripping the contract away from Verizon – because Verizon is not a political supporter of Donald Trump in the way Elon Musk is – and just giving it to Elon Musk. Now, that doesn’t happen. As reported, the contract has not been canceled yet. But there are regular reports of the administration still relentlessly attacking Verizon in a clear attempt to try to undermine their contract. 
    “February 27th, the next day, Trump drops a lawsuit against Capital One. Why does this matter? Capital One donated $1 million to Trump’s inauguration fund. It’s now just kind of automatic. You donate a big amount of money to Trump’s inauguration, and you can ask him for something. 
    “We’re not done. That same day, the SEC drops a lawsuit against Coinbase. You got the story now. Coinbase donated $1 million to Trump’s inauguration fund. They are now told it’s okay to keep cheating consumers. 
    “We’re not done. On February 28th, a day later, the DOJ announced that it would drop a complaint against SpaceX, Elon Musk’s SpaceX, for labor discrimination. Elon is like wait a second, all these other big donors to your inauguration are getting out of jail free, I want my get out of jail free card as well. He gets it from DOJ. 
    “We’re now into March. March 1st, a report breaks – this is maybe second to [the meme coin], the most stunning act of corruption. On March 1st, word breaks that Trump is selling meetings at Mar-a-Lago. On at least one occasion, Trump charged guests $1 million to dine with him at Mar-a-Lago. According to the same report, business leaders can secure a one-on-one meeting with the president of the United States for a $5 million payment to Donald Trump. 
    “If you were mayor of a medium-sized town and it was reported that you were selling meetings for like $200, you would be arrested. You would be run out of town. But not Donald Trump. He’s selling meetings for $5 million, according to this report. And because the corruption in this White House is daily and normal, he gets away with it. 
    “March 2nd, Trump launches a crypto reserve fund. This is going to involve government taxpayer dollars purchasing and holding a variety of digital assets in a strategic reserve fund –a move that definitely inflates and protects Trump’s investment portfolio, [which], by now, you understand, [is] very heavily dependent on crypto assets. This normally wouldn’t be a problem because normally when somebody takes a high position like president or governor or mayor, they divest from their own personal assets, or they put it all in a blind fund. Trump does none of that. He’s controlling his own assets, his family is controlling their own assets, while he makes policy that benefits himself and his family financially. 
    “On March 3rd, a really curious thing: DOJ intervenes in an obscure but open-and-shut 2020 Colorado elections case. This is the case of Tina Peters, who tampered with voting machines on Trump’s behalf in Mesa County, Colorado. She was convicted by a jury of her peers, open and shut. But because Peters is a MAGA loyalist, now DOJ, on March 3rd, said it’s going to step in and review the case because there are concerns about how it was prosecuted. This is just President Trump again clearly shielding those that violated the law to help him from consequences. 
    “Same thing, different day. No, not even a different day. This is actually still March 3rd. Yuga Labs, a blockchain company, donated $100,000 to the Trump inauguration fund. They now get in line. They get what everybody else is getting. The SEC closes an ongoing investigation into the company. 
    “On March 4th, DOGE lays off thousands of IRS employees. This is bad for a lot of reasons, but it certainly helps Trump’s Mar-a-Lago friends because the IRS now cannot enforce the law against the big, giant tax cheats in the way that it could have when it had those personnel on the books. Mar-a-Lago is celebrating. 
    “March 4th – same day – word breaks that the Commerce Department is considering changes to this very specific rural broadband program and who’s eligible. Why? Because Elon Musk wants to dominate that program. Under the program’s original rules, Starlink was capped at $4.1 billion. This curious change now will allow Elon Musk’s company, Starlink, to receive between $10 billion and $20 billion from the rural broadband program. 
    “This is like a broken record, but six days later, the CFPB – which is basically shut down but exists in name only – drops a lawsuit against the Bank of America and J.P. Morgan. Bank of America donated $500,000 to the inauguration. J.P. Morgan donated $1 million to the inauguration.
    “On March 11th, a day later, Trump and Musk hold this now very well-known advertisement for Tesla on the White House lawn. This is just taxpayer dollars used to support the personnel at the White House and the White House being used to sell cars for Elon Musk, and the message again is pretty simple here: if you are loyal to me, and you pay any kind of price for your loyalty to me, I will use government resources to help you, to get you out of trouble, even including free advertising. 
    “On March 19th – we’re eight days later – the GEO Group donated $500,000 for Trump’s inauguration fund. This is a private prison company, and the NLRB drops its investigation into this company. It’s really getting disgusting at this point. I don’t know that there’s anybody left that made a major donation to the inauguration fund that has not gotten their favor from Donald Trump. 
    “On March 24th, the Treasury Department guts something called the Corporate Transparency Act. This is the regulation that requires businesses to reveal their true owners to the government. These new rules now make it easier for billionaires to hide money, to avoid taxes, to engage in corruption – less accountability for corporations. 
    “March 25th, a day later, the SEC reduces, from $125 million to $50 million, an existing fine. So, this has already been litigated: this company, Ripple, it’s a blockchain-based digital payment company. It’s been fined, and Trump comes in and reduces the fine from $125 million to $50 million. You know the story by now. These guys made a big investment in the inauguration. Most of these companies that got a get-out-of-jail-free or had their investigations terminated were giving $500,000, $1 million. Ripple wanted to make sure they got it right. They made a $5 million donation to Trump’s inaugural fund, and they got their fine reduced by $75 million. 
    “March 28th, Trump pardons the founder of Nikola Autos, one of his campaign mega donors. Again, this is a pardon for one of his major campaign contributors. When asked about the pardon, Trump said ‘They say the thing they did was wrong, but he was one of the first people who supported me for president.’ He just tells you what he did. He said, ‘yeah, they said what he did was wrong, he did something that was probably pretty wrong, but he supported me for president, so I’m giving him a pardon.’ I’m not saying that there hasn’t been a lot of really bad stuff that’s happened in the pardon program under Democratic and Republican presidents, but let’s just name it when Donald Trump names it. 
    “April 8th, we’re into April. Trump issues an executive order to expand coal mining. This is part of his down payment on the promise he made to those oil executives. The shares of the company owned by Joseph Kraft, the billionaire coal magnate who helped lead those Trump fundraising efforts during the presidential campaign, immediately shoots up.
    “On April 9th, this really curious timeline of events plays out, in which Trump posts on his social media, ‘This is a great time to buy.’ A lot of his followers complied; they make investments in the market. There’s reports and speculation that many of his inner circle might have done the same thing, and then a couple hours later, he announces that he’s pausing most of his tariffs, and the market shoots up. People who followed his directions online make a lot of money, and potentially other people who had access to that insider information might have made a lot of money as well. 
    “On April 17th, Musk steers billions of taxpayer dollars to something called the Golden Dome. Reuters, on April 17th, reports that Elon Musk’s rocket and satellite company, SpaceX, has emerged as the frontrunner to develop Trump’s proposed Golden Dome. This is a really ill-defined, technologically unproven defense system. It supposedly has a price tag of hundreds of billions of dollars, money that now looks as if it will be funneled directly to Elon Musk. At this point it is just head-shaking.
    “On April 23rd, now it’s like he can do anything he wants. He has just blown the lid off of any expectations about what a president can and cannot do to enrich himself. On April 23rd, a message appears on the homepage of the website for Trump’s meme coin declaring that the top 220 meme coin holders would be invited for an exclusive dinner with Trump and the top 25 coin holders – these are private investors in Donald Trump’s financial empire–would get a special VIP tour of the White House. After the message went up, the price of Trump’s coin jumped by more than 50%. In the two days following the announcement of the special VIP tour in the people’s house, the White House, Trump and his allies made nearly a million dollars in trading fees alone. They are just selling access to the White House out in the open.
    “April 26th, Trump’s family, this is just last weekend, announces the launch of a private club called the Executive Branch, a new private club in Washington. The initiation fee is around half a million dollars. It is advertised as a place where you can hold secret audiences with the Trump administration, as long as you pay Donald Trump’s family and their financial backers over $500,000 in membership fees. It is apparently already sold out.
    “This is not normal. None of this is normal. This is outlandish, this is illegal, this is unconstitutional, brazen corruption, and this is only the first 100 days. I just detailed 40 instances of mind-blowing corruption in just 40 days, capped off by an attempt to just sell access to the White House to people who put money in the pocket of Donald Trump’s personal businesses. 
    “Donald Trump wants to numb this country into believing that this is just how government works. That he’s owed this. That every president is owed this. That government has always been corrupt, and he’s just doing it out in the open. But this is not how government works. This has been the story of his first 100 days, but it’s our choice as a nation to allow it to be the story of the rest of his term. We need to expose what he is doing. We need to rally everybody, from the left to the right. Nobody in this country, whether you’re a hardened conservative or a hardened progressive, should root for the president of the United States to be enriching himself off of this position. We need to rally this nation against this corruption and bring it to an end, because if Donald Trump gets what he wants, and we just start allowing our government’s leaders to openly steal from us during the first 100 days or for the rest of his term, then I am telling you, American democracy is not going to survive.
    “I yield the floor.”

    MIL OSI USA News

  • MIL-OSI USA: Passed by Senate Commerce Committee: Fischer’s Bill to Strengthen U.S. Telecommunications Against Foreign Adversaries

    US Senate News:

    Source: United States Senator for Nebraska Deb Fischer

    FACT Act now eligible for Senate Floor vote

    Today, U.S. Senator Deb Fischer’s (R-Neb.) legislation to strengthen American telecommunications against foreign adversaries passed out of the Senate Commerce Committee. The Foreign Adversary Communications Transparency (FACT) Act now awaits consideration on the Senate floor. Fischer introduced the bill in January of this year. 

    If signed into law, the FACT Act would require the Federal Communications Commission (FCC) to publicly identify entities that hold FCC licenses, authorizations, or other grants of authority that are owned, wholly or partially, by foreign adversarial governments. This includes the governments of China, Russia, Iran, and North Korea. In addition to Fischer, the legislation is cosponsored by U.S. Senators Jacky Rosen (D-Nev.), John Cornyn (R-Texas), and Ben Ray Luján (D-N.M.).

    “We cannot let authoritarian and adversarial regimes like China and Russia continue to have silent footholds in our tech and telecommunications markets. My bill will direct the FCC to evaluate the communications risks foreign ownership ties pose to America’s national securityand ensure that we can respond to these threats. I’m grateful a bipartisan group of my colleagues voted yes on this legislation, and I look forward to its passage on the Senate Floor,” said Fischer.

    “We must protect our nation in every way we can from global adversaries who are trying to hack our systems and access our information. I’m glad to see that our bipartisan bill to help protect our telecommunications systems from adversarial nations, including China, Russia, and Iran, passed out of committee today. I’ll keep pushing to secure our networks and strengthen our national security,” said Rosen. 

    Click here to view Fischer’s remarks in support of her FACT Act in today’s hearing.

    MIL OSI USA News

  • MIL-OSI: Exosens: Availability of documents and information relating to the Combined General Meeting of 23 May 2025

    Source: GlobeNewswire (MIL-OSI)

    PRESS RELEASE
    MÉRIGNAC, FRANCE – 30 APRIL 2025

    EXOSENS ANNOUNCES THE AVAILABILITY OF DOCUMENTS AND INFORMATION RELATING TO THE COMBINED GENERAL MEETING OF 23 MAY 2025

    Shareholders of Exosens (the ‘Company’) are invited to attend the Combined General Meeting (ordinary and extraordinary) to be held on Friday, 23 May 2025 at 10 a.m. at Apostrophe, 83 avenue Marceau, 75016 Paris, France.

    The meeting notice, including the agenda and the text of the proposed resolutions, was published in the Bulletin des Annonces Légales Obligatoires (BALO) No. 47 on 18 April 2025. The notice of meeting will be published in the Bulletin des Annonces Légales Obligatoires (BALO) No. 54 on 5 May 2025 and in a legal gazette : Echos-judiciaires.com. The procedures for participating and voting at this Combined General Meeting are set out in these notices.

    Shareholders may consult and download the information and documents provided for in Article R.22-10-23 of the French Commercial Code relating to the Combined General Meeting on the Exosens website at the following address: www.exosens.com (section Investors/General Meeting of Shareholders).

    Documents that must be made available to shareholders in connection with General Meetings will be available at Exosens’ registered office, Domaine de Pelus 18 Avenue de Pythagore Axis Business Park Bat 5e 33 700 Mérignac, France, in accordance with the applicable legal and regulatory provisions.

    Any shareholder may inspect these documents at Exosens’ registered office or send a request by email to the following address: investor.relations@exosens.com during the 15 days preceding the date of the General Meeting.

    About Exosens

    Exosens is a high‐tech company, with more than 85 years of experience in the innovation, development, manufacturing and sale of high‐end electro‐optical technologies in the field of amplification, detection and imaging. Today, it offers its customers detection components and solutions such as travelling wave tubes, advanced cameras, neutron & gamma detectors, instrument detectors and light intensifier tubes. This allows Exosens to respond to complex issues in extremely demanding environments by offering tailor‐made solutions to its customers. Thanks to its sustained investments, Exosens is internationally recognized as a major innovator in optoelectronics, with production and R&D carried out on 11 sites, in Europe and North America, and with over 1,800 employees. Exosens is listed on compartment A of the regulated market of Euronext Paris ﴾Ticker: EXENS – ISIN: FR001400Q9V2﴿. Exosens is a member of Euronext Tech Leaders segment and is also included in several indices, including the SBF 120, CAC All-Tradable, CAC Mid 60, FTSE Total Cap and MSCI France Small Cap. For more information: www.exosens.com.

    Investor relations

    Laurent Sfaxi, l.sfaxi@exosens.com

    Attachment

    The MIL Network

  • MIL-OSI USA: Nadler Opening Statement on the Markup of Transportation & Infrastructure Committee Reconciliation Bill

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

    WASHINGTON, DC – Today, Congressman Jerrold Nadler (NY-12) made the following statement on the Markup of Transportation & Infrastructure Committee Reconciliation Bill.

    “This markup is just one small slice of a much larger, deeply dangerous reconciliation bill. But even this narrow portion tells you everything you need to know about Republican priorities.

    Let’s start with just one example: the Neighborhood Access and Equity Grant Program. This is one of the few federal programs specifically designed to repair the damage done by decades of discriminatory infrastructure policy—when highways were deliberately routed through Black and Brown neighborhoods and tore those communities apart. These grants fund real, shovel-ready projects that reconnect people to jobs, schools, health care, and each other.

    And here’s what’s especially galling: half of this grant funding is headed to states that voted for Donald Trump—rural areas and small towns that have been left behind for generations and stand to benefit the most from these investments.

    So why are Republicans attacking it? Because instead of delivering for their own constituents, they’re trying to scrape together offsets to fund their extreme, unpopular tax cuts for billionaires. And they’re doing it by targeting the very programs their communities rely on—Medicaid, SNAP, and other lifelines working families depend on to survive.

    In fact, by passing a budget resolution instructing $880 billion in cuts to Medicaid and billions more to SNAP, Republicans are proposing the most devastating assault on the health and well-being of American families in modern history.
    And let’s be very clear: in March, the CBO confirmed what we have known all along—the only way Republicans can cut at least $880 billion within the Energy and Commerce Committee’s jurisdiction is by making deep, harmful cuts to Medicaid. Additionally, we know that cutting waste, fraud, and abuse will not get you anywhere in the same universe as $880 billion.

    The consequences of these Medicaid cuts would be catastrophic. Medicaid alone covers one in five Americans—nearly 72 million people. In New York, it protects nearly 5.5 million residents, including 44 percent of all children, half of all births, and two-thirds of our nursing home residents. For tens of millions of Americans, Medicaid isn’t just a line in a budget. It’s how they survive. It’s how they manage cancer treatment, vaccinate their children, or afford a wheelchair for an aging parent.

    A new analysis from the Center for American Progress estimates that if Republicans succeed in slashing Medicaid’s federal match rate, more than 34,000 people could die each year. Their likely proposal to impose punitive work reporting requirements—which have consistently failed—would result in another 15,000 unnecessary deaths annually.

    And behind these numbers are real lives. Patricia, 83 years old, lives in poverty in New York and relies on Medicaid just to get to her doctor. She told us, “I have no transportation other than help from Medicaid. I also live on only my Social Security and SNAP. If I lose this precious help, I will be homeless and surely die.” That’s the real cost of these cuts.

    Nearly $9.3 billion in Medicaid payments go to New York hospitals each year, including billions in support for safety-net care. Half of New York’s community health centers’ revenue comes from Medicaid. If this bill passes, doors will close, jobs will vanish, and entire communities—especially in rural areas—will lose access to care altogether. It’s been reported that states like South Dakota, Missouri, and Oklahoma will face even more severe consequences from these cuts.

    And perhaps most absurdly, even after all these brutal cuts, this reconciliation bill will still add over $3 trillion to the national deficit over the next decade. Why? Because the tax giveaways for the ultra-wealthy cost more than the services they’re gutting to justify them. My Republican colleagues aren’t even reducing the deficit—they’re exploding it.

    So my message to my colleagues on the other side of the aisle is simple: reject these cruel cuts. Refuse to take food and health care away from the people who elected you. Each of you has the power to stop this. And let’s be honest—hitching your wagon to a president with the lowest 100-day approval rating in 70 years is not just morally indefensible, it’s politically reckless. Your constituents are watching—and so is history”.

    MIL OSI USA News

  • MIL-OSI: Exosens: Availability of 2024 Universal Registration Document

    Source: GlobeNewswire (MIL-OSI)

    PRESS RELEASE
    MÉRIGNAC, FRANCE – 30 APRIL 2025

    EXOSENS ANNOUNCES THE AVAILABILITY OF ITS 2024 UNIVERSAL REGISTRATION DOCUMENT

     

    Exosens announces today that it has filed its 2024 Universal Registration Document with the French Financial Markets Authority (AMF) on 29 April 2025 under number R.25-001.

    Exosens‘ 2024 Universal Registration Document contains the Group’s 2024 annual financial report, the Group’s management report, the Board of Directors’ report on corporate governance and the Group’s sustainability report.

    The 2024 Universal Registration Document can be viewed on Exosens‘ website (www.exosens.com) in the section Investors/Regulated Information, as well as on the AMF website (www.amf-france.org).

    A printed version of the Universal Registration Document may be obtained from the Company at its registered office: Domaine de Pelus 18 Avenue de Pythagore Axis Business Park Bat 5e 33 700 Mérignac, France, upon request.

    About Exosens

    Exosens is a high‐tech company, with more than 85 years of experience in the innovation, development, manufacturing and sale of high‐end electro‐optical technologies in the field of amplification, detection and imaging. Today, it offers its customers detection components and solutions such as travelling wave tubes, advanced cameras, neutron & gamma detectors, instrument detectors and light intensifier tubes. This allows Exosens to respond to complex issues in extremely demanding environments by offering tailor‐made solutions to its customers. Thanks to its sustained investments, Exosens is internationally recognized as a major innovator in optoelectronics, with production and R&D carried out on 11 sites, in Europe and North America, and with over 1,800 employees. Exosens is listed on compartment A of the regulated market of Euronext Paris ﴾Ticker: EXENS – ISIN: FR001400Q9V2﴿. Exosens is a member of Euronext Tech Leaders segment and is also included in several indices, including the SBF 120, CAC All-Tradable, CAC Mid 60, FTSE Total Cap and MSCI France Small Cap. For more information: www.exosens.com.

    Investor relations

    Laurent Sfaxi, l.sfaxi@exosens.com

    Attachment

    The MIL Network

  • MIL-OSI USA: Rep. Ayanna Pressley’s Statement on Trump’s First 100 Days

    Source: United States House of Representatives – Congresswoman Ayanna Pressley (MA-07)

    WASHINGTON – Today, Congresswoman Ayanna Pressley (MA-07), Co-Chair of the Reproductive Freedom Caucus, issued the following statement marking the first 100 days of Donald Trump’s second occupancy of the White House.

    “Donald Trump’s first 100 days have been a damning masterclass of cruelty, callousness, chaos, and corruption. From slashing essential services and attacking reproductive freedom to terrorizing immigrants and firing thousands of dedicated federal workers—Trump has governed with a reckless disregard for the Constitution and contempt for everyone who calls America home.

    “In just 100 days, Trump has launched a full-scale assault on workers, families, and our most vulnerable communities. He is gutting Medicaid, slashing funding for Head Start, defunding life-saving scientific and medical research, and ending critical programs that put food on the table and keep our families safely housed. He has torn immigrant families apart through mass deportations and unlawful detentions—including the abduction and detention of my constituent Rümeysa Öztürk—and pushed through policies that would rip away healthcare, threaten access to abortion care, and restrict our bodily autonomy. And he has consistently sought to erase Black history, resegregate society, and roll back decades of civil rights progress—all while enacting tariffs that will raise the cost of groceries, housing, and other essentials.

    “Trump has attacked everyone and everything except the rising cost of living, and now Republicans are marking the 100-day milestone by advancing a reconciliation bill that would end Medicaid as we know it and make the largest cuts to food assistance and other essential programs in American history. The cruelty is the point.

    “As Congresswoman for the Massachusetts 7th, I will not be silent, and I refuse to be complicit. I will continue using every tool at my disposal—legislation, litigation, and mobilization—to stand in the gap and fight for the dignity, safety, and economic wellbeing of my constituents and communities across this country.”

    Congresswoman Pressley has been a leading voice in Congress speaking out against Elon Musk and Donald Trump’s unprecedented assault on our democracy, and she has been a steadfast advocate for protecting the essential services that federal workers and agencies provide.

    • On April 25, 2025, Rep. Pressley issued a statement on the Trump Administration’s abrupt reinstatement of international student visas. 
    • On April 25, 2025, Rep. Pressley, along with Senator Markey and Rep. McGovern, published an op-ed in the New York Times in which they discussed their meeting with Rümeysa Öztürk in detention and warned the American people of the dangers posed by the Trump administration’s unlawful attacks on our constitutional rights to freedom of speech and due process.
    • On April 24, 2025, Rep. Pressley joined Senator Elizabeth Warren and Massachusetts lawmakers sounding the alarm on the Trump Administration’s cuts to the National Endowment for the Humanities staff and grants.
    • On April 23, 2025, Rep. Pressley and her colleagues visited the ICE detention facilities in Basile and Jena, Louisiana with her colleagues, where Rümeysa Öztürk and Mahmoud Khalil are being unlawfully detained, respectively.
    • On April 22, 2025, Rep. Pressley and Senators Markey and Warren demanded answers about the Trump Administration’s concerning pattern of ripping individuals from their communities and shipping them to jurisdictions more favorable to the Trump administration’s deportation agenda.
    • On April 18, 2025, Rep. Pressley and Senators Warren and Markey demanded the State Department release a memo and documents related to Rumeysa Ozturk’s arrest after a recent report indicated that an internal State Department memo concluded that the key premise underlying her arrest was false.
    • On April 14, 2025, Rep. Pressley joined Senator Ed Markey and the Massachusetts congressional delegation demanding answers on the sudden termination of the federal staff responsible for administering the Low Income Home Energy Assistance Program.
    • On April 11, 2025, Rep. Pressley delivered a floor speech in which she slammed Trump’s Executive Order attacking Smithsonian museums – namely the National Museum of African American History and Culture, or Blacksonian – and his blatant attempt to erase Black history. 
    • On April 9, 2025, Rep. Pressley joined the Massachusetts delegation in sending a letter to HHS Secretary Robert F. Kennedy Jr. demanding answers after the abrupt shuttering of the entire HHS Regional Office in Boston.
    • On April 9, 2025, Rep. Pressley led lawmakers in sending a letter to Trump’s trade official demanding he resign from holding multiple positions with clear conflicts of interest that would further harm federal workers.
    • On April 3, 2025, Rep. Pressley and Senators Warren and Markey sounded the alarm on Rumeysa Ozturk’s medical neglect in ICE custody and renewed their urgent calls for her release.
    • On March 28, 2025, Rep. Pressley and Senators Elizabeth Warren and Ed Markey led over 30 lawmakers demanding information from DHS about the arrest and detention of Tufts University student Rumeysa Ozturk and similar incidents across the country.
    • On March 28, 2025, Rep. Pressley issued a statement slamming Trump’s executive order to end collective bargaining rights for hundreds of thousands of federal employees.
    • On March 26, 2025, Rep. Pressley issued a statement on reports that U.S. Immigration and Customs Enforcement (ICE) arrested and detained Rumeysa Ozturk, an international student with legal status in a graduate program at Tufts University. 
    • On March 25, 2025, Rep. Pressley issued a statement condemning reports of U.S. Immigration and Customs Enforcement activity in Boston and other municipalities in Massachusetts.
    • On March 21, 2025, Rep. Pressley led Massachusetts lawmakers in a letter to the Office of Personnel Management (OPM) sharply criticizing and demanding answers about the impact of the Musk-Trump Administration’s mass firings of federal workers in Massachusetts.
    • On March 11, 2025, Rep. Pressley spoke out against the U.S. Department of Education’s mass layoffs of over 1,300 workers, which effectively guts the agency.
    • On March 11, 2025, Rep. Pressley voted against Republicans’ shameful government budget bill, which would harm vulnerable families and provide a blank check for Elon Musk and Donald Trump to continue their unprecedented assault on our democracy. She later issued a statement condemning its final passage in the Senate.
    • On March 11, 2025, Rep. Pressley joined 13 of her colleagues on a letter to the Department of Homeland Security demanding answers and the immediate release of Columbia student Mahmoud Khalil, whose illegal abduction is an attack on his constitutional right to free speech and due process.
    • On March 4, 2025, Rep. Pressley walked out of the House chamber in protest during Donald Trump’s presidential joint address to Congress.
    • On March 4, 2025, Rep. Pressley welcomed Claire Bergstresser, an Everett constituent, dedicated public servant, AFGE union member, and former HUD worker who was unjustly terminated as part of Musk and Trump’s assault on federal agencies as her guest to the presidential joint address to Congress.
    • On February 28, 2025, Rep. Pressley led 85 lawmakers in a letter urging the Office of Special Counsel to immediate reinstate and expand protections for all unfairly fired federal workers.
    • On February 28, 2025, Rep. Pressley joined over 200 Democrats in filing an amicus brief defending the Consumer Financial Protection Bureau before a U.S. District Court.
    • On February 26, 2025, in a House Oversight Committee hearing, Rep. Pressley discussed what true government efficiency looks like and denounced Elon Musk and Donald Trump for utilizing DOGE to gut the essential services that keep people safe, fed, and housed.
    • On February 25, 2025, in a House Oversight Committee hearing, Rep. Pressley condemned Elon Musk’s abuse of government efficiency through the fraudulent Department of Government Efficiency (DOGE).
    • On February 25, 2025, Rep. Pressley delivered a floor speech in which she railed against Republicans’ cruel budget resolution that would slash Medicaid by nearly $1 trillion.
    • On February 20, 2025, Rep. Pressley and her Haiti Caucus Co-Chairs issued a statement condemning the Trump Administration’s decision to end Temporary Protected Status (TPS) for Haiti.
    • On February 13, 2025, in a House Financial Services Committee hearing, Rep. Pressley emphasized the critical role of the Consumer Financial Protection Bureau (CFPB) in safeguarding consumers and sharply criticized Donald Trump and Elon Musk for halting the critical work of the agency.
    • On February 10, 2025, Rep. Pressley rallied with Senator Elizabeth Warren, Ranking Member Maxine Waters, and advocates to protest Donald Trump and Elon Musk’s unlawful takeover of the Consumer Financial Protection Bureau (CFPB)
    • On February 11, 2025, in a House Financial Services Committee hearing, Rep. Pressley criticized the Trump-Musk administration for halting the critical work of the Consumer Financial Protection Bureau (CFPB) with crypto scams on the rise.
    • On February 10, 2025, Rep. Pressley issued a statement slamming the Trump Administration’s harmful cuts to National Institutes of Health (NIH) funding to support hospitals, universities, and research institutions conducting lifesaving research.
    • On February 10, 2025, as Trump and Musk threaten to dismantle the essential work of the U.S. Department of Education, Rep.  Pressley delivered a powerful floor speech to affirm the role of public education in American democracy.
    • On February 6, 2025, in a House Oversight Committee hearing, Rep. Pressley delivered a powerful rebuke of Republicans’ efforts to gut diversity, equity and inclusion (DEI) initiatives and eliminate essential services for vulnerable communities.
    • On February 5, 2025, Rep. Pressley rallied outside the U.S. Department of Treasury to protest Elon Musk’s unlawful assault on federal agencies and our democracy.
    • On January 30, 2025, Rep. Pressley slammed Donald Trump for blaming the tragic plane crash at Reagan National Airport, which killed over 60 people, including some families from Massachusetts, on diversity, equity and inclusion initiatives.
    • In January 2025, Rep. Pressley issued a statement slamming Trump’s illegal freeze on federal grants and loans and its harmful impact on vulnerable communities.
    • On January 23, 2025, Rep. Pressley delivered an impassioned floor speech condemning Republicans’ cruel anti-abortion bill that criminalizes providers and denies families care.
    • On January 23, 2025, Rep. Pressley joined her colleagues to reintroduce the Neighbors Not Enemies Act, a bill to repeal an outdated law that has been used to target innocent immigrants without due process rights.
    • On January 22, 2025, Rep. Pressley issued a statement condemning the Trump Administration’s harmful executive actions on diversity, equity, and inclusion (DEI).

    ###

    MIL OSI USA News

  • MIL-OSI Russia: Business Leader of the Future: What Skills and Approaches Determine Success Today

    Translation. Region: Russian Federal

    Source: State University Higher School of Economics – State University Higher School of Economics –

    How can top managers adapt to rapidly changing market conditions? What is behind the effective implementation of innovative projects? Why should adult experienced specialists undergo training again? Maria Petrova, Vice President of Sales at Health, talks about all this, as well as new approaches to management, the value of partnerships, and the advantages of the HSE HSE Corporate Program “Business Leader of the Future” Higher School of Business, National Research University Higher School of Economics.

    — What can you say about the skills and competencies of the participants of the “Business Leader of the Future” program? How did the listeners improve themselves?

    — The first thing I have already mentioned is the general business outlook and perspective, the ability to look ahead and, based on this, plan the present and the near future. The second is the skills of design thinking and working with uncertainty. This was one of the most significant and, in my opinion, one of the most successful blocks of the program. The third is, of course, the skills of cross-functional interaction, working with stakeholders, communication skills, the ability to present and defend your idea or project in a very short time. This is also a key competency. There were other important blocks, for example, on financial management, as well as blocks related to leadership and taking responsibility.

    And I will separately mention risk management, if I am not mistaken – the topic of the third module of the program. Taking risks is a really important point. Over the last 2-2.5 years in the company, we have included this in our routine: we try to assess risks, anticipate them and find scenarios for an effective response.

    — Did the knowledge and skills acquired in the program find application in the professional activities of the students within the company?

    — I would divide the application into two aspects: the implementation of specific projects, which we may discuss further, and changes in the behavioral habits and patterns of the participants, which I observe as a manager. Now they have begun to prepare for presentations much better, convey their ideas more clearly, and understand the business as a whole better. This is the very same business-acumen — an expanded business outlook. In addition, employees have begun to strive for more productive cross-functional interaction, not to focus on themselves when making decisions, and to take into account the KPIs of different departments.

    — Can you say a few words about the defense of the final projects? Which of them were put into production and what did they consist of?

    — The project defense was a separate amazing story. The entire management committee really enjoyed it. Usually, you go to such events thinking, “Now I’m going to sit and listen to something for six hours.” But this time, all the participants were unanimous in the opinion that everything went by in one breath. After the defense, we, as organizers, were taken to a separate room and asked to evaluate the projects. We were given the task of choosing three winners. We sat down and began to discuss. In the third minute, the question was asked: “Are there any projects here that we are ready to say “no” to?” And everyone answered that there are no such projects. We are ready to give the green light to all initiatives for further implementation in real business. We collectively decided that there is no point in looking for one winner; it would be much more appropriate to provide the teams with high-quality feedback to improve their solutions. As a result, when we went out into the audience, we announced that we were saying “yes” to all the projects.

    — Is it possible to tell a little more about a couple of projects if they do not contain business secrets?

    — We had several initiatives related to the development of new products and the corresponding modification of production capacities. I think I will not reveal any big secrets by saying that we have a trend in the dairy category for high-protein products. There is also a trend for ready-made food and for consuming products outside the home. Of course, we focus on those areas that are interesting to consumers.

    There are also projects related to operational efficiency, optimizing various processes and reducing costs, including through partner solutions in the field of logistics and supply chains. For example, how best to develop remote territories. These solutions are mainly operational and logistical. In addition, there are initiatives to develop individual trade channels and cooperate with new partners.

    — Could you briefly describe the features and advantages of the educational program at our business school?

    — The first is the desire or even a conscious wish to understand the client. This understanding is not for show, but in order to identify the client’s real need and offer a solution that will be selected individually, or, as they say now, customized for this need. The second advantage is a high-level teaching staff with excellent knowledge and material that the teachers are ready to adapt to the students.

    It is also worth noting the overall engagement in the outcome of the program. We felt throughout the entire process – from the design to the final stage – a desire to achieve, or rather, to help participants achieve specific results. And this is how we measure the success of the program, and not just by the participants listening to lectures.

    — Which courses or topics within the program did you personally like the most?

    — Personally, I especially liked two topics — the block on strategizing and foresights and the part related to design thinking. As the leader of the organization, I am responsible for the future of the company, for its independence and ability to pilot its development as a separate large business. Now we ourselves come up with new products and business areas, we implement them ourselves and learn from our own mistakes. Design thinking is one of the key methods that helps to see the business perspective and turn ideas into real solutions.

    — Did your expectations from the program at the start match the final result?

    — As you have understood, I have the most positive impressions. And here is why: I am a result-oriented person, and when I see it, I feel good. And when I see a double result, and it is really specific, right “lying on the table”, it is generally wonderful. You know, when you go to training and understand that there will be project activity, there is always a perception that this is just an educational project for the sake of it, the main thing is to learn. Yes, of course, the main thing is to learn. If the project did not work out, then you can always say that at least different methods were tried. But this is the case when you not only learned, but also got a real business result.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News

  • MIL-OSI: Bitget Wallet Launches Swap API Program, Partners with Morph’s DEX BulbaSwap as Pilot Integration

    Source: GlobeNewswire (MIL-OSI)

    SAN SALVADOR, El Salvador, April 30, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, a leading non-custodial Web3 wallet, has launched its Swap API Program, officially opening access to its Swap functionality for third-party decentralized exchanges (DEXs). The first integration comes via BulbaSwap, a DEX within the Morph ecosystem, enabling users to conduct seamless trading on more than 130 blockchains and cross-chain trading across 27 networks directly within the Bitget Wallet interface.

    The Swap API Program marks a strategic move to extend Bitget Wallet’s trading infrastructure to ecosystem partners. By integrating with Bitget Wallet’s powerful aggregation engine, partner DEXs gain access to features such as smart routing, slippage control, and pre-execution simulation — tools that optimize trade outcomes and enhance the end-user experience. The program reflects Bitget Wallet’s broader effort to build a more unified and efficient trading layer for the Web3 space.

    We’re excited to open our infrastructure to more partners through the Swap API Program,” said Alvin Kan, COO of Bitget Wallet. “Collaborating with BulbaSwap is the first step in building a more connected, multi-chain trading experience. As DeFi continues to evolve, we believe open and interoperable infrastructure will play a key role in shaping the next phase of Web3 adoption.”

    BulbaSwap, built on Morph, plays a key role in enabling trading within the ecosystem, known for its scalability and rapid settlement. “Integrating with Bitget Wallet allows us to deliver a broader, smoother cross-chain trading experience for our users,” said the BulbaSwap team. The integration expands BulbaSwap’s reach and asset access while reinforcing Morph’s broader mission to support modular and high-performance decentralized applications, simplifying trading experience by offering more asset liquidity through a single wallet interface, without switching platforms.

    Bitget Wallet’s Swap feature has become a core part of its offering, allowing users to access long-tail assets, execute gas-free cross-chain swaps, and discover trending tokens through its Hot Picks and AI-assisted analysis tools. By supporting multiple trading modes—including limit orders and fast swaps—Bitget Wallet caters to both new and experienced DeFi users. The new API program will now scale these capabilities further by onboarding additional DEXs and aggregating broader liquidity across chains.

    For more information, please visit Bitget Wallet website

    About Bitget Wallet
    Bitget Wallet is a non-custodial crypto wallet designed to make crypto simple, secure, and accessible for everyone. With over 60 million users, it brings together a full suite of crypto services, including swaps, market insights, staking, rewards, a DApp browser, and crypto payment solutions. Supporting 130+ blockchains, 20,000+ DApps, and a million tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges. Backed by a $300+ million user protection fund, it ensures the highest level of security for users’ assets.

    For more information, visit: XTelegramInstagramYouTubeLinkedInTikTokDiscordFacebook
    For media inquiries, please contact media.web3@bitget.com 

    About BulbaSwap
    BulbaSwap is a Morph-based decentralized swap aggregator with a search engine powered by multi-source liquidity that helps users find the best swap rates. At the intersection of DeFi innovation and memetic culture, BulbaSwap emerges as the cornerstone liquidity hub on Morph, powered by advanced AI market-making technology and backed by industry titans.
    WebsiteTwitterMediumTelegram

    About Morph
    Morph—incubated by Bitget and led by Dragonfly, with strategic backing from Pantera, Spartan Ventures, and Foresight Ventures—is revolutionizing On-chain Consumer Finance for the Global Digital Class. We deliver seamless infrastructure, intuitive tools, and essential services that simplify payments and redefine financial experiences, empowering digital-first and crypto-native users to earn, spend, save, invest, and build wealth directly on-chain.
    WebsiteTwitterBlogTelegram

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/82831c3c-15cb-44b8-87b9-23e1ff718c00

    The MIL Network