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Category: Commerce

  • MIL-OSI USA: Warnock Demands Answers on Trump Admin Re-Adding Medical Debt onto Credit Reports

    US Senate News:

    Source: United States Senator Reverend Raphael Warnock – Georgia

    Warnock Demands Answers on Trump Admin Re-Adding Medical Debt onto Credit Reports

    Senator Reverend Warnock leads the Democratic caucus in demanding the Trump administration explain its rollback of the medical debt rule finalized in January 2025

    In the final days of the Biden Administration, Senator Warnock successfully pressed the CFPB to ban credit lenders from including medical bills in credit reports and prohibit lenders from using medical information in lending decisions

    In Georgia, 27% of rural citizens have medical collections on their credit report, ten percentage points higher than the national average due in part to the state’s refusal to expand Medicaid

    Washington, D.C. – Today, U.S. Senators Reverend Raphael Warnock (D-GA), Banking Committee Ranking Member Elizabeth Warren (D-MA), Senate Minority Leader Chuck Schumer (D-NY), Jeff Merkley (D-OR) and 26 other senators pushed the Trump administration for answers regarding the Consumer Financial Protection Bureau’s (CFPB) decision to vacate the medical debt rule finalized in January 2025. The letter demands CFPB share any data the agency relied on in deciding to petition a court to vacate the rule and any communications it had with entities during the process that would profit from its decision.

    “On April 30, 2025, the Consumer Financial Protection Bureau (CFPB) asked a court to vacate the agency’s recently released rule to remove medical debt from consumer credit reports. We write to request the information you relied on in making that determination, including any communications with collection agencies that stand to profit from it,” the senators said.

    “Medical debt collections information is often inaccurate, and studies show that it is not useful in determining a consumer’s ability to repay other debts…Almost half of all medical bills contain at least one error, and almost half of nonprofit hospitals have routinely and mistakenly billed patients who were eligible for free or discounted care,” they continued.

    At the conclusion of the letter, the senators emphasize the need for transparency into the agency’s decision-making process.

    “On April 30, the CFPB filed a joint motion with the industry groups that oppose the rule, petitioning the court to vacate it – lining the pockets of corporations off the backs of American consumers. Given the substantial evidence that the CFPB’s rule was well-considered and would help consumers without reducing the accuracy of their credit scores, we write to request that the CFPB make public all information relied on by the agency in its decision to drop the rule, including any communications with the debt collection industry,”    the senators closed.

    Senator Warnock continues to stand up in defense of Georgia consumers by holding the CFPB under President Trump accountable. In February, Senator Warnock questioned Trump administration CFPB nominees at a Banking, Housing, and Urban Affairs Committee Hearing. During the hearing, Senator Warnock asked the nominees if they agreed with President Trump on the CFPB being, ‘A very important thing to get rid of’ and if the agency would address the 266,560 outstanding complaints from Georgians in a timely manner. In May, President Trump withdrew his nominee for the CFPB. OMB Director Russell Vought serves as acting director of the agency.

    In Georgia, roughly 640,000 people don’t have access to affordable health care because state leaders have refused to expand Medicaid. 27% of rural citizens have medical collections on their credit report – ten percentage points higher than the national average. Senator Warnock has a long track record of working to address the harmful consequences of medical debt on working families including calling on the CFPB to establish an ombudsman position for consumer medical debt and urging the CFPB to protect Americans from predatory medical debt collection practices. 

    In addition to Senators Warnock, Warren, Schumer, and Merkley the letter was signed by U.S. Senators Amy Klobuchar (D-MN), Ben Ray Lujan (D-NM), Martin Heinrich (D-NM), Adam Schiff (D-CA), John Hickenlooper (D-CO), Angela Alsobrooks (D-MD), Tammy Duckworth (D-IL), Ed Markey (D-MA), Jeanne Shaheen (D-NH), Ron Wyden (D-OR), Cory Booker (D-NJ), Bernie Sanders (I-VT), Lisa Blunt Rochester (D-DE), John Fetterman (D-PA), Kirsten Gillibrand (D-NY), Tina Smith (D-MN), Jack Reed (D-RI), Richard Blumenthal (D-CT), Sheldon Whitehouse (D-RI), Angus King (I-ME), Chris Van Hollen (D-MD), Peter Welch (D-VT), Ruben Gallego (D-AZ), Andy Kim (D-NJ), Mazie Hirono (D-HI), and Jacky Rosen (D-NV).

    Read the full letter HERE, and the text is below

    Dear Acting Director Vought,

    On April 30, 2025, the Consumer Financial Protection Bureau (CFPB) asked a court to vacate the agency’s recently released rule to remove medical debt from consumer credit reports. We write to request the information you relied on in making that determination, including any communications with debt collection agencies that stand to profit from it. 

    Medical debt collections information is often inaccurate, and studies show that it is not useful in determining a consumer’s ability to repay other debts. One major credit scoring company, VantageScore, has stopped using medical debt in its newer models entirely. Almost half of all medical bills contain at least one error, and almost half of nonprofit hospitals have routinely and mistakenly billed patients who were eligible for free or discounted care. People often receive collection notices for debts they did not owe, in the wrong amount, or that should have been covered by insurance—but still end up experiencing long-lasting damage to their credit scores.

    Listing medical debt on a person’s credit report drives down their credit score, which hurts their ability to purchase a car, buy a home or rent an apartment, get utility service, start a business, or access other banking services. This has profound effects on families that can last generations. To make matters worse, medical debt is the most common reason debt collectors contact consumers; the debt collection industry makes one-fourth of its annual revenue from health care debt. Including medical debt on credit reports makes consumers more vulnerable to predatory debt collection practices.

    Medical debt on credit reports also blocks working families from access to credit that they would be able to repay.The CFPB found that people who had all their medical debts completely removed from their credit reports experienced an average credit score increase of 20 points, in some cases elevating families into a higher credit score tier. 

    In response to growing data that medical debt is not a good indicator of creditworthiness, states across the country have acted to ban the inclusion of medical debt on credit reports. And on January 7, the Consumer Financial Protection Bureau (CFPB) issued a final rule to remove medical debt from consumer credit reports. The rule would remove an estimated $49 billion in medical bills from the credit reports of 15 million Americans, prohibit credit reporting companies from sharing medical debt information with lenders, and bar lenders from considering medical debt in underwriting decisions. It was designed to help the millions of Americans who are struggling to make ends meet, by lowering costs and increasing access to affordable credit for working families without affecting the predictive value of their credit reports. The rule would also help reduce the effects of structural racism and other prejudices. People of color are disproportionately harmed by the inclusion of medical debt on credit reports. Meanwhile, adults with a disability and new moms are more than twice as likely to carry medical debt.

    Despite the critical importance of the medical debt rule, on April 30, the CFPB filed a joint motion with the industry groups that oppose the rule, petitioning the court to vacate it—lining the pockets of corporations off the backs of American consumers. Given the substantial evidence that the CFPB’s rule was well-considered and would help consumers without reducing the accuracy of their credit scores, we write to request that the CFPB make public all information relied on by the agency in its decision to drop the rule, including any communications with the debt collection industry, by July 28, 2025. We specifically request that CFPB publicly publish all data about how medical debt relates to key economic indicators, including:

    • Barriers to home and car ownership, including challenges getting loans or not being approved to rent or lease,
    • Paying higher premiums for auto, homeowner’s and other types of insurance,
    • Losing job opportunities as a result of credit reporting on background checks,
    • Obstacles to starting small businesses because of challenges with securing loans,
    • Paying more for everyday services such as household utilities or cell phone contracts

    We are particularly concerned about the outsize impact that medical debt has on the credit scores of seniors, veterans, new parents, people with disabilities, cancer patients and survivors, and small business owners.

    Thank you for your attention to this matter.

    MIL OSI USA News –

  • MIL-Evening Report: A warning from the future: the risk if NZ gets climate adaptation policy wrong today

    Source: The Conversation (Au and NZ) – By Tom Logan, Senior Lecturer Above the Bar, Civil and Natural Resources Engineering, University of Canterbury

    Getty Images

    New Zealand 2050: On the morning of February 27, the sea surged through the dunes south of the small town of Te Taone, riding on the back of Cyclone Harita’s swollen rivers and 200mm of overnight rainfall.

    By mid-morning, floodwaters had engulfed entire streets. Power was out. Roads were underwater. Emergency services responded swiftly, coordinating evacuations and establishing shelters.

    But for many residents, the realisation came days later: the help they expected after the water receded – support to rebuild, relocate or recover – wasn’t coming.

    “We lost everything,” says Mere Rākete, a solo mother of three, standing outside her home, now uninhabitable. “I rang the council, the government helpline, even the insurance company. They all said I’m not covered.”

    Mere lives in a suburb long identified as “high risk” under national climate risk maps. She didn’t stay there because she ignored the risk. She stayed because she had no viable alternative.

    “They say we had a choice. But when houses here were $400,000 and anything safer was $700,000, what choice is that?”

    No more buyouts

    Although this story is fictitious, it describes a plausible future based on how New Zealand’s draft climate adaptation framework could play out. It reflects the likely consequences of policy decisions that focus narrowly on financial exposure.

    Last week’s recommendations from the Ministry for the Environment’s Independent Reference Group rightly called for urgent and improved risk information. But they focused narrowly on direct risk to property and infrastructure.

    In particular, the group proposed that beyond 2045 the government should not buy out property owners after climate-related disasters (or those at high risk of future events).

    Responding to the recommendations last week, climate policy analyst Jonathan Boston wrote that ruling out property buyouts “is philosophically misguided, morally questionable, administratively inept, and politically naïve”.

    But it appears the government shares the reference group’s view. Addressing the current flooding disaster in the Tasman district, Prime Minister Christopher Luxon said, “In principle, the government won’t be able to keep bailing out people in this way.”

    Beyond the specifics of financial compensation, however, lie the cascading and systemic risks that follow a major weather event. In reality, the impacts do not stop at the property boundary.

    When a family is displaced, or even fears displacement, the consequences ripple outward: schooling is disrupted, jobs are lost, mental health declines, community networks fragment and local economies suffer.

    Research shows how the after-effects of a disaster domino through interconnected systems, affecting health, housing, labour markets and social cohesion.

    A policy decades in the making

    Back to the future: our fictional town of Te Taone sits in a floodplain identified decades ago. By the 2040s, insurance had become unaffordable. New development slowed but many families, especially those on lower incomes, remained, with few relocation options.

    The adaptation framework proposed in 2025, based on a “beneficiary pays” model, created a 20-year transition period that ended in 2045. After that, residents in high-risk areas became ineligible for buyouts or standard recovery funding.

    Future government investment was limited to Crown-owned assets or projects with “national benefit”. Restoration of local infrastructure such as roads and power lines would depend on whether councils or ratepayers could pay.

    Today, parts of Te Taone remain cut off. Power is still out in some areas. The school has relocated inland. Local shops have closed. Many homes are damaged, waterlogged, or destroyed, and some families are now living in tents.

    “It’s not that we weren’t warned,” says a local community worker. “It’s just that we couldn’t afford to do anything but live with the risk and hope for the best.”

    Te Taone’s experience is now raising deeper concerns that Aotearoa New Zealand’s climate adaptation framework may be entrenching a form of “climate redlining”. Those with the means can move to escape risk, while others are left behind to bear it.

    Adaptation or abandonment?

    Māori communities are especially affected. Parts of the floodplain include ancestral land, some communally owned, some leased by whānau who cannot easily relocate. In many cases, this land was only recently returned from the Crown, after years of land court proceedings or Treaty settlements.

    The prospect of abandoning it again, without coordinated support, echoes earlier waves of institutional neglect. Mere Rākete is now considering joining a class action, one of several reportedly forming across the country.

    Residents are challenging the government or local councils over a failure in their duty of care by allowing homes to be built, sold or inhabited in known risk zones without clear and enforceable warnings or adequate alternatives.

    Meanwhile, adaptation experts are calling for a reset: a national compensation framework with clear eligibility rules, long-term investment in affordable housing beyond hazard-prone areas.

    Above all, they argue, government policy based on a climate adaptation framework developed 25 years ago has not reduced exposure to risk. Instead, it has redistributed it from those who could leave to those who couldn’t.

    In the meantime, the remaining residents of Te Taone wait for the next cyclone and wonder whether, next time, anyone will help.

    Planning with people in mind

    Our imagined future scenario can be avoided if governments take a broader view of adaptation. Treating climate risk as an individual responsibility may reduce short-term government liability. But it will not reduce long-term social and fiscal liability.

    The risk of failing to act systemically is that the country pays in other ways – in fractured communities, rising inequity and preventable harm.

    Adaptation to climate change has to be about more than limiting the upfront costs of buyouts or infrastructure repairs. Ignoring the wider impacts will only shift the burden and increase it over time.

    Real economic and community resilience means planning with people in mind, investing early and making sure no one is left behind. That work must begin now.

    Tom Logan owns shares in Urban Intelligence. He receives funding from the Ministry for Business, Innovation and Employment and the Royal Society of NZ.

    Paula Blackett works part time for Urban Intelligence. She receives research funding from the Ministry for Business, Innovation and Employment and undertakes consulting work regarding climate risk and adaptation.

    – ref. A warning from the future: the risk if NZ gets climate adaptation policy wrong today – https://theconversation.com/a-warning-from-the-future-the-risk-if-nz-gets-climate-adaptation-policy-wrong-today-260912

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI USA: Ernst Names Small Business of the Week, Groom Curriculum

    US Senate News:

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

    Published: July 14, 2025

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

    RED OAK, Iowa – U.S. Senator Joni Ernst (R-Iowa), Chair of the Senate Small Business Committee, today announced her Small Business of the Week: Groom Curriculum of Palo Alto County. Throughout the 119th Congress, Chair Ernst plans to recognize a small business in every one of Iowa’s 99 counties.
    “Since 2022, founder of Groom Curriculum Sierra Elbert has led the pack in pet grooming education,” said Chair Ernst. “Through a 10-week long curriculum, students can earn a professional grooming credential that will help them make a pawsitive impact on the pet industry in Emmetsburg and beyond.”
    In 2022, Sierra Elbert established Groom Curriculum with the vision of teaching others the intricacies of pet grooming. The nationally accredited small business offers a 10-week program that prepares students to be high-skilled applicants in the industry. By working with 21 community college programs, workforce training organizations, and registered apprenticeship programs, Groom Curriculum promotes safe and professional grooming practices that meet the education standards established by The American Kennel Club.
    Stay tuned as Chair Ernst recognizes more Iowa small businesses across the state with her Small Business of the Week award.

    MIL OSI USA News –

  • MIL-OSI USA: Additional Tennessee Counties Designated Under Amended Presidential Disaster Declaration for Public Assistance

    Source: United States Small Business Administration

    ATLANTA – In response to an amended Presidential disaster declaration, the U.S. Small Business Administration (SBA) announced the availability of low interest federal disaster loans to private nonprofit (PNP) organizations in three additional Tennessee counties affected by severe storms, straight line winds, tornadoes and flooding occurring April 2–24, 2025.

    The amended declaration covers the newly designated primary counties of Carroll, Houston and Wayne.

    Under this declaration, PNPs providing non-critical services of a governmental nature are eligible to apply for both business physical disaster loans and Economic Injury Disaster Loans (EIDLs) from the SBA. Examples of eligible non-critical PNP organizations include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools, and colleges.

    PNPs may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. Applicants may also be eligible for a loan increase of up to 20% of their physical damages, as verified by the SBA, for mitigation purposes.

    EIDLs are available for working capital needs caused by the disaster and are available even if the 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.

    “SBA loans help eligible PNPs cover operating expenses after a disaster, which is crucial for their recovery,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “These loans not only help PNPs get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster.”

    Interest rates are as low as 3.625%, 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.

    The filing deadline to return applications for physical property damage is Aug. 19, 2025. The deadline to return economic injury applications is March 19, 2026.

    ###

    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 or 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 China: Trump threatens Russia with tariffs while unveiling new Ukraine weapons plan

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

    U.S. President Donald Trump said Monday that the United States will send weapons to Ukraine through NATO, and threatened “severe tariffs” targeting Russia if a ceasefire deal is not reached in 50 days.

    Trump announced an agreement with NATO regarding weapons to assist Ukraine while meeting NATO Secretary General Mark Rutte in the Oval Office.

    “We are going to be sending them weapons and they’re going to be paying for them,” said Trump, adding that the United States will manufacture those weapons.

    “We’re going to be doing very severe tariffs if we don’t have a deal in 50 days,” Trump said of Russia.

    Trump noted there would be “secondary tariffs” of about 100 percent, multiple news outlets reported.

    U.S. Commerce Secretary Howard Lutnick clarified later that Trump meant “economic sanction” when he threatened “secondary tariffs” against Russia if it did not reach a deal to end the war in Ukraine within 50 days, The Washington Times reported.

    Speaking to reporters after the Oval Office meeting, Trump said that the deal with the NATO allies was done and fully approved, The New York Times reported.

    “We’ll send them a lot of weapons of all kinds,” Trump said. “And they’re going to deliver those weapons immediately to the site, to the site of the war, different sites of the war, and they’re going to pay for 100 percent of them.”

    Trump also told reporters that some Patriot systems will arrive in Ukraine within days, according to ABC News.

    Trump said European countries that have Patriots will transfer them to Ukraine and “they’re going to start arriving very soon,” ABC News added. 

    MIL OSI China News –

  • MIL-OSI USA: World Market Recalls Emek Spread Pistachio Cacao Cream with Kadayif Due to Salmonella Contamination

    Source: US Department of Health and Human Services – 3

    Summary

    Company Announcement Date:
    July 14, 2025
    FDA Publish Date:
    July 14, 2025
    Product Type:
    Food & BeveragesFoodborne Illness
    Reason for Announcement:

    Recall Reason Description
    Salmonella

    Company Name:
    World Market
    Brand Name:

    Brand Name(s)
    Emek

    Product Description:

    Product Description
    Spread Pistachio Cacao Cream with Kadayif

    Company Announcement
    Alameda, CA, July 14, 2025 – World Market is recalling EMEK SPREAD PISTACHIO CACAO CREAM WITH KADAYIF, 9.7oz, Best Before: April 01, 2027, Batch Number: 250401 due to a potential contamination of Salmonella.
    Salmonella is an organism which can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems. Healthy persons infected with Salmonella often experience fever, diarrhea (which may be bloody), nausea, vomiting and abdominal pain. In rare circumstances, infection with Salmonella can result in the organism getting into the bloodstream and producing more severe illnesses such as arterial infections (i.e., infected aneurysms), endocarditis and arthritis.
    The firm initiated the recall after samples of the product were tested by the FDA and the products tested positive for Salmonella.
    No illnesses have been reported to date.
    See attached photos for ease of identifying the product. Products affected are:

    PRODUCT 

    SIZE 

    LOT/MFG CODES 

    UPC 

    USE BY DATE 

    Emek Spread Pistachio Cacao Cream with Kadayif

    9.7 oz

    BATCH NO: 250401

    8 69652 10130 1

    BEST BEFOREAPRIL 01 2027

    The products were distributed between June 11 to July 9, 2025. The product is packaged in clear glass jar with the date code etched on the top of the lid. The product is sold primarily in World Market retail stores located in the States of: AL, AZ, CA, CO, CT, FL, GA, IA, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, NC, NE, NH, NJ, OH, OK, PA, SC, SD, TN, TX, VA, WA & WI.
    Consumers who have purchased these products are urged not to consume them and return them to the place of purchase for a full refund or they may discard the product. Consumers with questions may contact Customer Service at 877.967.5362 Sunday – Saturday 7:00 am – 12:00 am EST.
    This recall is being made with the knowledge of the Food and Drug Administration.

    Company Contact Information

    Consumers:
    Customer Service
    877.967.5362

    Product Photos

    MIL OSI USA News –

  • MIL-OSI USA: SBA Offers Relief to Missouri Small Businesses and Private Nonprofits Affected by Adverse Weather Conditions

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) announced the availability of low interest federal disaster loans to small businesses and private nonprofit (PNP) organizations in Missouri to offset economic losses caused by a tornado, rain, flooding, hail, high winds and lightning occurring April 2-7.

    The declaration covers the Missouri counties of Bollinger, Butler, Cape Girardeau, Dunklin, New Madrid, Scott, Stoddard and Wayne.

    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 3.625% for PNPs with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months after 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 SBA no later than March 9, 2026.

    ###

    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 Australia: Power bank recalls on the rise due to serious burn and property damage risks

    Source: Australian Ministers for Regional Development

    The ACCC is urging consumers to be alert to a growing list of recalled wireless power banks, which have the potential to cause serious burns and property damage.

    Power banks, also known as portable battery packs, are portable battery chargers commonly powered by rechargeable lithium-ion or lithium-polymer batteries.

    They are designed to charge mobile phones and other portable electronic devices on the go.

    Since 2020, there have been 17 power bank recalls published on ACCC Product Safety website. Of these, 9 were recalled in the last 16 months.

    The ACCC is concerned about these recalls because together they include around 34,000 recalled power banks that are still with consumers.

    “Some consumers have suffered serious burn injuries, and some have had their property damaged because of power banks overheating and catching fire,” ACCC Deputy Chair Catriona Lowe said.

    “Most incidents have occurred when the power bank is charging a phone or other device, which makes it more likely that they will be close to the user when they fail, increasing the likelihood of injuries.”

    The ACCC urges consumers who own a recalled power bank to stop using it immediately and follow the instructions on the recall notice to receive a remedy. You can check if your power bank is subject to a recall by visiting the ACCC Product Safety website.

    “Consumers who own a recalled power bank shouldn’t be concerned about being left out of pocket. Suppliers are offering a full refund or free replacement under these recalls,” Ms Lowe said.

    The ACCC encourages anyone using any power bank that contains lithium-ion batteries to always follow the manufacturer’s instructions, and to store the devices in a cool, dry place.

    Lithium-ion batteries can be highly flammable. Incorrectly manufactured, handled, stored or disposed of products can catch fire, explode or vent toxic gas. 

    “It’s important that people use the correct charger to charge their power bank and check that it is in good condition,” Ms Lowe said.

    “We urge consumers not to charge power banks on flammable materials such as beds, sofas or carpet, and to never use power banks that are damaged, overheating, swelling, leaking or venting gas.”

    “Setting timers as a reminder to unplug devices may help monitor device charging times, as it’s important to disconnect products from chargers when they are fully charged,” Ms Lowe said.

    Check the ACCC’s Product Safety lithium-ion batteries guide for more safety information.

    Recalled power banks that the ACCC is monitoring closely

    Anker Power Bank Model: A1257, A1647, A1681, A1689 – Anker Innovations Limited

    Published: 8 July 2025

    Reason for the recall: The power bank may overheat and catch fire.

    Hazard to consumers: Risk of serious burn injuries and/or property damage if the power bank catches fire. Incidents have occurred overseas, resulting in property damage.

    Baseus power bank 65W 30000 mAh (model number: BS-30KP365) – Shenzhen Baseus Technology Co., Ltd

    Published: 23 May 2025

    Reason for the recall: The power bank may overheat when charging or being used, posing a fire hazard.

    Hazard to consumers: Risk of serious burn injuries and property damage if the lithium-ion battery in the power bank overheats and catches fire.
    Baseus has received 76 reports of incidents involving the portable chargers, including 72 reports of bulging and four reports of fire, including three reports of property damage.

    SnapWireless PowerPack Slim (Gen 1) – SnapWireless

    Published: 21 May 2025

    Reason for the recall: The power bank can overheat and catch fire when used.

    Hazard to consumers: Risk of serious burn injuries or death and property damage. Incidents have occurred.

    Quad lock MAG battery pack – Annex Products Pty Ltd trading as Quad Lock

    Published: 12 Nov 2024

    Reason for the recall: The battery pack can overheat and catch fire.

    Hazard to consumers: There is a risk of serious injury, damage to property or both if the battery pack overheats and catches fire. This can occur even when the product is not in use. Battery packs have overheated and caused property damage.

    BoostCharge Pro fast wireless charger for Apple watch + power bank 10K – Belkin Ltd

    Published: 6 Nov 2024

    Reason for the recall: The lithium-ion cell may overheat and catch fire.

    Hazard to consumers: There is a risk of serious injuries, burns and property damage if the cell overheats and catches fire.

    Anker power bank A1647 – Anker Innovations Limited

    Published: 2 Oct 2024

    Reason for the recall: The battery in the power bank can overheat and catch fire.

    Hazard to consumers: There is a risk of serious injury from burns and/or property damage if the power bank overheats and melts or catches fire. Two incidents have caused injuries and property damage, which occurred overseas.

    Baseus magnetic wireless charging power banks 6000mAh 20W – Shenzhen Baseus Technology Co. Ltd

    Published: 12 July 2024

    Reason for the recall: The power banks contain a lithium-ion battery that can overheat, swell and/or bulge posing a fire hazard.

    Hazard to consumers: There is a risk of injury from burns and/or property damage if the battery starts a fire. There have been incidents resulting in injury and damage to property.

    MagMove 5K Power Bank – Cygnett Pty Ltd

    Published: 26 March 2024

    Reason for the recall: The battery pack can overheat and catch fire.

    Hazard to consumers: Risk of serious burn injuries or property damage. People have been seriously injured and property has been damaged from power banks overheating and catching on fire.

    MIL OSI News –

  • MIL-OSI Economics: African Development Bank and CIF to launch report on increasing business opportunities, access to credit for women in renewable energy in Uganda,…

    Source: African Development Bank Group

    What:        Launch of report: Increasing Business Opportunities and Access to Credit for Women in Renewable Energy in Uganda, Kenya, and Rwanda  

    Who:         African Development Bank and Climate Investment Funds

    When:       July 14, 2025 – 2:00pm – 4:00 pm EAT

    Where:     Zoom: https://afdb.zoom.us/webinar/register/WN_gFMNsnCCSMy_ovBU0N7HxA

    The African Development Bank will launch a new report, Increasing Business Opportunities and Access to Credit for Women in Renewable Energy in Uganda, Kenya, and Rwanda.

    The report, developed under the Climate Investment Funds (CIF)-supported Scaling Up Renewable Energy Program in collaboration with the African Development Bank, sheds light on the challenges and immense untapped potential of women entrepreneurs driving growth in the region’s dynamic renewable energy sector.

    While women comprise over 50% of the population in Uganda, Kenya, and Rwanda, they lead less than 20% of renewable energy businesses in these nations. A significant barrier remains access to finance, with women entrepreneurs in renewable energy accessing only 7% of available commercial capital. This disparity highlights a critical need for targeted interventions to unlock their full economic potential and accelerate the sustainable energy transition in East Africa.

    Report Highlights

    • Barriers to Accessing Business Opportunities and Finance: The study identifies structural, and gender-specific barriers that hinder women entrepreneurs from securing business opportunities and financing.
    • Untapped Opportunities for Women Entrepreneurs: Beyond traditional roles, the report underscores vast opportunities for women to expand their engagement across entire renewable energy value chains.
    • Existing Interventions and Critical Gaps: The report reviews current financing mechanisms, capacity-building programs, technical assistance, and policy interventions designed to support women entrepreneurs in renewable energy.
    • Actionable Recommendations: The report provides concrete recommendations for policymakers, financial institutions, development partners, and large private and public sector companies.

    Join the Conversation

    Engage with key findings, learn from shared stakeholder experiences, and collaborate on practical steps to empower women in renewable energy.

    For more information, click: [email protected]

    MIL OSI Economics –

  • MIL-OSI USA: SCHUMER: A HISTORIC MOMENT FOR UPSTATE NY! AMERICA’S FIRST-EVER NATIONAL SEMICONDUCTOR TECHNOLOGY CENTER OFFICIALLY OPENS AT ALBANY NANOTECH, MARKING MAJOR MILESTONE AS NEW GLOBAL EPICENTER FOR…

    US Senate News:

    Source: United States Senator for New York Charles E Schumer

    Schumer Says NSTC Will Attract Companies From Around The World To Upstate NY, Boosting Existing NY Companies From Micron To GlobalFoundries With Access To Most Advanced Machinery In The World And Bringing Thousands Of Good-Paying Jobs To Re-Establish America’s Global Chip Leadership

    Thanks To Schumer’s CHIPS & Science Law & Years Of Relentless Advocacy, Albany Received A Whopping $825M And Will Be Home To Only Federal EUV Lab Country, The Leading Research Hub In The Nation To Develop The Next Generation Of Semiconductors

    Schumer: The Next Frontier For The World’s Microchips Will Be Created Here In Upstate NY

    Following years of relentless advocacy for the Capital Region, U.S. Senate Minority Leader Chuck Schumer today cut the ribbon for the grand opening of America’s first-ever National Semiconductor Technology Center at Albany NanoTech, created by his CHIPS & Science Law.

    Schumer said this major milestone firmly establishes Upstate NY as the heart for America’s semiconductor research and manufacturing, with Albany and the Capital Region as the home for this first of its kind national lab with the most advanced chip making machinery that will bring together the nation’s top industry leaders, universities, innovators, and entrepreneurs under one roof to ensure the future of innovation in chipmaking happens here in the U.S.A.

    “America’s first-ever National Semiconductor Technology Center is open for business! Today, the eyes of the world turn to Albany and Upstate NY as the next frontier where the scientific and engineering breakthroughs in chipmaking that we cannot even fathom today will happen. The ribbon cutting for this facility will be heard like a sonic boom and make it clear that America will lead the future of semiconductor technology,” said Senator Schumer. “This is the day I long envisioned when I created the NSTC program in my CHIPS & Science Law. This facility will allow the nation’s top scientists, universities, and companies to access the most advanced machinery in the world for developing microchips. It is the start of a historic new effort by the federal government to ensure the next generation of microchips will be developed here in America, here in the Capital Region, not in China, not overseas. Today, we help usher in America’s next era of chip research and manufacturing, with Upstate NY leading the way.”

    The new EUV Accelerator at Albany NanoTech is a CHIPS for America flagship facility and will allow researchers to work together to develop more advanced semiconductor technology for commercial use. In addition to state-of-the-art EUV technology, the new EUV Accelerator includes collaboration space and resources for NSTC partners, dedicated onsite Natcast offices and staff to support NSTC members, support for programs to grow the workforce, and more. Today’s ribbon cutting signifies that the facility is now open and ready to support the needs of NSTC members and collaborators. The EUV Accelerator is currently accepting project proposals after first beginning operations on July 1, 2025.

    Schumer explained that the new state-of-the-art EUV facility at Albany NanoTech will help the United States establish dominance in advanced semiconductor research and development. The NSTC EUV Accelerator will help address gaps in American R&D and manufacturing of semiconductors and provide information to stakeholders, including universities, small businesses and entrepreneurs, large manufacturers, workers, and government agencies by providing NSTC members with access to EUV technology to facilitate research, commercialization, and workforce training.

    EUV technology is essential to the semiconductor industry and is some of the most advanced machinery in the world, in which light is used to print patterns and make chips on wafers. EUV lithography is what has allowed the breakthroughs to make this technology nanoscopic and allows for the chips that power everything from smartphones, computers, and vehicles to artificial intelligence. Albany NanoTech will be one of only two public facilities in the world with the most advanced EUV technology, a High NA Extreme Ultraviolet Lithography tool, and the only publicly-owned High NA EUV Center in North America.

    The NSTC EUV Accelerator at Albany NanoTech will be a place for leaders in the semiconductor industry to conduct research and collaborate, including bringing industry leaders like Micron, IBM, GlobalFoundries, ASML, Applied Materials, Tokyo Electron, and more to the table to partner on next-generation R&D. Being designated the NSTC EUV Accelerator will also open up opportunities for Albany NanoTech and Upstate NY to attract further federal investment and help attract more companies from around the world to Albany to conduct research, all with the potential of creating more good-paying jobs and making Upstate NY a global leader in semiconductors.

    “NY CREATES and our industry partners are proud to continue our two-decade-long history of advancing semiconductor technologies, and as Natcast cuts the ribbon to share with the world that the EUV Accelerator is operational and their offices at our Albany NanoTech Complex are open, this latest partnership undoubtedly represents a pivotal step forward in accelerating U.S. innovation over the long-term,” said Dave Anderson, President of NY CREATES. “With accessible, standard numerical aperture EUV lithography capabilities available today, and access to High NA EUV equipment available next year, we are proud that NY CREATES is supporting the NSTC’s mission and enabling groundbreaking research, impactful economic growth, and strategic workforce development, all of which are imperative for America’s national security and economic leadership.”

    The NSTC is a critical part of Schumer’s mission of re-establishing America’s leadership in the semiconductor industry and will bring together industry leaders, researchers from the nation’s top universities, innovators, workers, and entrepreneurs to help give them access to the most advanced chip making machinery in the world and drive the next frontier of chip innovation and manufacturing.

    Schumer worked for years to highlight Albany NanoTech and the Capital Region’s ability to lead the country’s semiconductor research and development efforts, announcing the selection of Albany NanoTech as America’s first National Semiconductor Technology Center with up to $825 million in federal CHIPS funding last year. Schumer also highlighted Albany NanoTech when pitching Micron to locate their massive $100+ billion megafab project in Upstate NY, which Micron said was a critical factor in their selection of Central NY for their major investment to bring advanced memory chip manufacturing to the U.S.

    The NSTC EUV Accelerator at Albany NanoTech is one of three major NSTC facilities. The U.S. Department of Commerce announced that California’s Silicon Valley will host NSTC’s Administrative and Design Facility and Phoenix, Arizona will host the Prototyping and Advanced Packaging Piloting Facility. Together, these three major hubs will lead the NSTC’s core functions and help fulfill the CHIPS and Science Law’s vision of developing more American-made technology and boosting America as a global semiconductor leader. The new NSTC EUV Accelerator at Albany NanoTech will also open the doors to opportunities for millions of dollars in additional future investment and partnership with the federal government, as well as help bring in additional industry partners to leverage the state-of-the-art facilities to develop and manufacture advanced chips.

    MIL OSI USA News –

  • MIL-OSI USA: Disaster Recovery Center Opens July 15 in San Angelo

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center Opens July 15 in San Angelo

    Disaster Recovery Center Opens July 15 in San Angelo

    AUSTIN, Texas – A Disaster Recovery Center will open Tuesday, July 15, in Tom Green County to offer face-to-face help to survivors who had damage or losses from the severe storms and flooding in Central Texas

    Homeowners, renters and eligible non-residents may receive FEMA assistance for losses not covered by insurance

    Survivors with homeowners’ or renters’ insurance should first file a claim with their insurance company as soon as possible

    If your policy does not cover all your damage expenses, you may be eligible for federal assistance

    The Disaster Recovery Center is located at:Concho Valley Transit Annex510 N

    ChadbourneSan Angelo, TX 76903Hours: noon to 6 p

    m

    CT Monday to FridayFEMA and the U

    S

    Small Business Administration are supporting the Texas Division of Emergency Management, which is leading efforts to help survivors apply for federal disaster assistance

    Center specialists can also identify potential needs and connect survivors with local, state and federal agencies as well as nonprofit organizations and community groups

     Disaster Recovery Centers are accessible to people with disabilities and those with access and functional needs

    They are also equipped with assistive technology

    If you need a reasonable accommodation or an American Sign Language interpreter, call 833-285-7448 (press 2 for Spanish)

    Survivors may visit any Disaster Recovery Center

    No appointment is needed

    Here are the ways to apply for FEMA disaster assistance: Visit DisasterAssistance

    govUse the FEMA mobile appCall the FEMA Helpline at 800-621-3362

     Lines are open from 6 a

    m

    to 10 p

    m

    CT daily

    If you use a relay service, captioned telephone or other service, you can give FEMA your number for that service

    Helpline specialists speak many languages

    Press 2 for Spanish

    For an accessible video on how to apply for assistance, go to Three Ways to Register for FEMA Disaster Assistance – YouTube

     For the latest information about the Texas recovery, visit fema

    gov/disaster/4879

    Follow FEMA Region 6 on social media at x

    com/FEMARegion6 and at facebook

    com/FEMARegion6
    toan

    nguyen
    Mon, 07/14/2025 – 18:00

    MIL OSI USA News –

  • MIL-OSI: Rivalry Reports Q1 2025 Results Highlighting Strengthened Unit Economics, Operating Leverage, and Strategic Progress

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 14, 2025 (GLOBE NEWSWIRE) — Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY), an internationally regulated sports betting and media company, today announced financial results for the three-month period ended March 31, 2025 (“Q1 2025”). All dollar figures are quoted in Canadian dollars unless otherwise noted.

    Q1 2025 was the first full quarter operating under Rivalry’s restructured model, following a company-wide transformation that began in Q4 2024. This included a strategic shift toward high-value users, deep cost rationalization, significant product upgrades, and tighter execution across every layer of the business. The result is a streamlined, modernized operating model with materially improved performance and long-term leverage.

    “This quarter marks the full emergence of Rivalry 2.0 – leaner, sharper, and structurally stronger,” said Steven Salz, Co-Founder and CEO of Rivalry. “We’ve rebuilt the foundation of the business around high-efficiency acquisition, high-value users, and a proprietary product – and we’re already seeing the impact. Rivalry today is not just a leaner version of itself – it’s a fundamentally different company built for scalability.”

    Key Highlights

    • Net revenue of $1.3 million, consistent with the preliminary results announced on April 16, 2025. While temporary sportsbook margin variance impacted topline outcomes, underlying KPIs continued to improve and validate the strength of Rivalry’s rebuilt model.
    • Operating expenses decreased 58% year-over-year to $4 million in Q1 2025, down from $9.6 million in Q1 2024.
    • Net loss reduced by 43% to $3.0 million in Q1 2025 from $5.2 million in the prior-year quarter.
    • A meaningful portion of Q1 expenses were non-recurring or non-operational in nature, including annual audit costs, regulatory fees, and legacy payables from prior periods. The Company’s adjusted marketing spend during the quarter was approximately $175,000, materially lower than the reported figure due to these factors.
    • Average Customer Acquisition Cost payback across H1 2025 was approximately 1.5 months, reflecting improved funnel conversion, higher player value, and stronger retention – all achieved under constrained spend conditions.
    • Q2 2025 set new all-time records across key user economics1:
      • Net revenue per player increased 49% versus Q1 2025, and was 210% higher than the historical average prior to the Q4 2024 transformation.
      • Wagers per player rose 7% quarter-over-quarter, and nearly 300% above the pre-rebuild average.
      • Average monthly deposits per player in Q1 2025 were over 175% higher than the historical average. In Q2 2025, this increased a further 28%.
      • Monthly deposit frequency per player in Q1 2025 was up 115% over the historical average, and rose another 22% in Q2 2025.
    • Ongoing improvements in VIP identification, segmentation, and servicing, driven by Rivalry’s proprietary Business Intelligence (“BI”) tools and Customer Relationship Management (“CRM”) infrastructure, further contributed to gains in deposit behavior and overall player value.

    These improvements reflect the effectiveness of Rivalry’s strategic overhaul – including product modernization, in-house BI tooling, optimized segmentation, and CRM systems that support higher-value customer behavior and lifecycle retention.

    Streamlined Operations

    Rivalry’s breakeven net revenue is now approximately $600,000 USD per month, down from more than $2 million USD per month a year ago, based on current run rate operating expenses, with further cost optimizations planned in Q3 2025. The rebuilt business is operating on a structurally lower fixed-cost base with proven user economics and performance-ready infrastructure.

    “We’ve created an operating model that is not only lean and disciplined, but also high-leverage,” Salz added. “This is a structurally better business than it was a year ago. The team is tighter, the product is stronger, and the KPIs are outperforming – all with limited capital deployment. The engine is rebuilt.”

    Strategic Review & Outlook

    Rivalry is actively exploring strategic alternatives aimed at maximizing shareholder value. As part of this ongoing process, the Company is also evaluating non-dilutive capital options as part of broader strategic initiatives to accelerate growth. These are intended to complement the broader review and enable Rivalry to fully capitalize on the performance capacity of its rebuilt model.

    As the Company progresses into H2 2025, key initiatives include:

    • Deployment of a new promo engine, enabling more dynamic and cost-efficient bonus structures.
    • Casino-led engagement mechanics, including lootboxes, missions, and summer campaigns to drive offseason activation.
    • Geographic reactivations and enhanced CRM, focused on high-value player segmentation and deeper lifecycle engagement.
    • Further operating cost reductions in Q3 2025, aimed at lowering the breakeven point and increasing flexibility.

    Rivalry’s transformation over the past three quarters has positioned the business with a distinct set of structural advantages: a deeply aligned and experienced team, proprietary technology and BI systems, strong regulatory licenses in Ontario and the Isle of Man, and a globally recognized brand with demonstrated reach. These strengths now form the basis of a highly scalable and differentiated operator in the global online gambling market.

    “Rivalry today is a high-performance engine – structurally rebuilt, road-tested, and positioned to scale,” said Salz. “We’re focused on unlocking the next chapter of growth, and the strategic review process is designed to support that path.”

    About Rivalry

    Rivalry Corp. wholly owns and operates Rivalry Limited, a leading sport betting and media company offering fully regulated online wagering on esports, traditional sports, and casino for the digital generation. Based in Toronto, Rivalry operates a global team in more than 20 countries and growing. Rivalry Limited has held an Isle of Man license since 2018, considered one of the premier online gambling jurisdictions, as well as an internet gaming registration in Ontario, and is currently in the process of obtaining additional country licenses. With world class creative execution and brand positioning in online culture, a native crypto token, and demonstrated market leadership among digital-first users Rivalry is shaping the future of online gambling for a generation born on the internet.

    No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

    Company Contact:
    Steven Salz, Co-founder & CEO
    ss@rivalry.com

    Investor Contact:
    investors@rivalry.com

    Financial Outlook

    This news release contains a financial outlook within the meaning of applicable Canadian securities laws. The financial outlook has been prepared by management of the Company to provide an outlook for key user economics for the three month period ending June 30, 2025 and may not be appropriate for any other purpose. Preliminary and unaudited financial results are subject to customary financial statement procedures. Actual results could be affected by subsequent events or determinations. The financial outlook has been prepared based on a number of assumptions including the assumptions discussed under the heading “Cautionary Note Regarding Forward-Looking Information and Statements”. The actual results of the Company’s operations for any period will likely vary from the amounts set forth in these projections and such variations may be material. The Company and its management believe that the financial outlook has been prepared on a reasonable basis. However, because this information is highly subjective and subject to numerous risks, including the risks discussed under the heading “Cautionary Note Regarding Forward- Looking Information and Statements”, it should not be relied on as necessarily indicative of future results.

    Cautionary Note Regarding Forward-Looking Information and Statements

    This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws (“forward-looking statements”). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “project” and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking statements in this news release include, but are not limited to, the impact of the Company’s strategic overhaul across its cost base, product, player strategy, and operational structure on its operating results, key user economics for the three months ending June 30, 2025 and the results of the Company’s ongoing strategic review.

    Forward-looking statements are based on the opinions and estimates of management of the Company at the date the statements are made based on information then available to the Company. Various factors and assumptions are applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Forward-looking statements are subject to and involve a number of known and unknown, variables, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors, among other things, include regulatory or political change such as changes in applicable laws and regulations; the ability to obtain and maintain required licenses; the esports and sports betting industry being a heavily regulated industry; the complex and evolving regulatory environment for the online gaming and online gambling industry; the success of esports and other betting products are not guaranteed; changes in public perception of the esports and online gambling industry; failure to retain or add customers; the Company having a limited operating history; negative cash flow from operations and the Company’s ability to operate as a going concern; operational risks; cybersecurity risks; reliance on management; reliance on third parties and third-party networks; exchange rate risks; risks related to cryptocurrency transactions; risk of intellectual property infringement or invalid claims; the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and general economic, market and business conditions. For additional risks, please see the Company’s management’s discussion and analysis for the 12 months ended December 31, 2024 under the heading “Risk Factors”, and other disclosure documents available on the Company’s SEDAR+ profile at www.sedarplus.ca.

    No assurance can be given that the expectations reflected in forward-looking statements will prove to be correct. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

    _________________________
    1 These preliminary user economics represent forward-looking information. See “Cautionary Note Regarding Forward-Looking Information and Statements” and “Financial Outlook”.

    The MIL Network –

  • MIL-OSI: Rivalry Reports Q1 2025 Results Highlighting Strengthened Unit Economics, Operating Leverage, and Strategic Progress

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 14, 2025 (GLOBE NEWSWIRE) — Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY), an internationally regulated sports betting and media company, today announced financial results for the three-month period ended March 31, 2025 (“Q1 2025”). All dollar figures are quoted in Canadian dollars unless otherwise noted.

    Q1 2025 was the first full quarter operating under Rivalry’s restructured model, following a company-wide transformation that began in Q4 2024. This included a strategic shift toward high-value users, deep cost rationalization, significant product upgrades, and tighter execution across every layer of the business. The result is a streamlined, modernized operating model with materially improved performance and long-term leverage.

    “This quarter marks the full emergence of Rivalry 2.0 – leaner, sharper, and structurally stronger,” said Steven Salz, Co-Founder and CEO of Rivalry. “We’ve rebuilt the foundation of the business around high-efficiency acquisition, high-value users, and a proprietary product – and we’re already seeing the impact. Rivalry today is not just a leaner version of itself – it’s a fundamentally different company built for scalability.”

    Key Highlights

    • Net revenue of $1.3 million, consistent with the preliminary results announced on April 16, 2025. While temporary sportsbook margin variance impacted topline outcomes, underlying KPIs continued to improve and validate the strength of Rivalry’s rebuilt model.
    • Operating expenses decreased 58% year-over-year to $4 million in Q1 2025, down from $9.6 million in Q1 2024.
    • Net loss reduced by 43% to $3.0 million in Q1 2025 from $5.2 million in the prior-year quarter.
    • A meaningful portion of Q1 expenses were non-recurring or non-operational in nature, including annual audit costs, regulatory fees, and legacy payables from prior periods. The Company’s adjusted marketing spend during the quarter was approximately $175,000, materially lower than the reported figure due to these factors.
    • Average Customer Acquisition Cost payback across H1 2025 was approximately 1.5 months, reflecting improved funnel conversion, higher player value, and stronger retention – all achieved under constrained spend conditions.
    • Q2 2025 set new all-time records across key user economics1:
      • Net revenue per player increased 49% versus Q1 2025, and was 210% higher than the historical average prior to the Q4 2024 transformation.
      • Wagers per player rose 7% quarter-over-quarter, and nearly 300% above the pre-rebuild average.
      • Average monthly deposits per player in Q1 2025 were over 175% higher than the historical average. In Q2 2025, this increased a further 28%.
      • Monthly deposit frequency per player in Q1 2025 was up 115% over the historical average, and rose another 22% in Q2 2025.
    • Ongoing improvements in VIP identification, segmentation, and servicing, driven by Rivalry’s proprietary Business Intelligence (“BI”) tools and Customer Relationship Management (“CRM”) infrastructure, further contributed to gains in deposit behavior and overall player value.

    These improvements reflect the effectiveness of Rivalry’s strategic overhaul – including product modernization, in-house BI tooling, optimized segmentation, and CRM systems that support higher-value customer behavior and lifecycle retention.

    Streamlined Operations

    Rivalry’s breakeven net revenue is now approximately $600,000 USD per month, down from more than $2 million USD per month a year ago, based on current run rate operating expenses, with further cost optimizations planned in Q3 2025. The rebuilt business is operating on a structurally lower fixed-cost base with proven user economics and performance-ready infrastructure.

    “We’ve created an operating model that is not only lean and disciplined, but also high-leverage,” Salz added. “This is a structurally better business than it was a year ago. The team is tighter, the product is stronger, and the KPIs are outperforming – all with limited capital deployment. The engine is rebuilt.”

    Strategic Review & Outlook

    Rivalry is actively exploring strategic alternatives aimed at maximizing shareholder value. As part of this ongoing process, the Company is also evaluating non-dilutive capital options as part of broader strategic initiatives to accelerate growth. These are intended to complement the broader review and enable Rivalry to fully capitalize on the performance capacity of its rebuilt model.

    As the Company progresses into H2 2025, key initiatives include:

    • Deployment of a new promo engine, enabling more dynamic and cost-efficient bonus structures.
    • Casino-led engagement mechanics, including lootboxes, missions, and summer campaigns to drive offseason activation.
    • Geographic reactivations and enhanced CRM, focused on high-value player segmentation and deeper lifecycle engagement.
    • Further operating cost reductions in Q3 2025, aimed at lowering the breakeven point and increasing flexibility.

    Rivalry’s transformation over the past three quarters has positioned the business with a distinct set of structural advantages: a deeply aligned and experienced team, proprietary technology and BI systems, strong regulatory licenses in Ontario and the Isle of Man, and a globally recognized brand with demonstrated reach. These strengths now form the basis of a highly scalable and differentiated operator in the global online gambling market.

    “Rivalry today is a high-performance engine – structurally rebuilt, road-tested, and positioned to scale,” said Salz. “We’re focused on unlocking the next chapter of growth, and the strategic review process is designed to support that path.”

    About Rivalry

    Rivalry Corp. wholly owns and operates Rivalry Limited, a leading sport betting and media company offering fully regulated online wagering on esports, traditional sports, and casino for the digital generation. Based in Toronto, Rivalry operates a global team in more than 20 countries and growing. Rivalry Limited has held an Isle of Man license since 2018, considered one of the premier online gambling jurisdictions, as well as an internet gaming registration in Ontario, and is currently in the process of obtaining additional country licenses. With world class creative execution and brand positioning in online culture, a native crypto token, and demonstrated market leadership among digital-first users Rivalry is shaping the future of online gambling for a generation born on the internet.

    No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

    Company Contact:
    Steven Salz, Co-founder & CEO
    ss@rivalry.com

    Investor Contact:
    investors@rivalry.com

    Financial Outlook

    This news release contains a financial outlook within the meaning of applicable Canadian securities laws. The financial outlook has been prepared by management of the Company to provide an outlook for key user economics for the three month period ending June 30, 2025 and may not be appropriate for any other purpose. Preliminary and unaudited financial results are subject to customary financial statement procedures. Actual results could be affected by subsequent events or determinations. The financial outlook has been prepared based on a number of assumptions including the assumptions discussed under the heading “Cautionary Note Regarding Forward-Looking Information and Statements”. The actual results of the Company’s operations for any period will likely vary from the amounts set forth in these projections and such variations may be material. The Company and its management believe that the financial outlook has been prepared on a reasonable basis. However, because this information is highly subjective and subject to numerous risks, including the risks discussed under the heading “Cautionary Note Regarding Forward- Looking Information and Statements”, it should not be relied on as necessarily indicative of future results.

    Cautionary Note Regarding Forward-Looking Information and Statements

    This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws (“forward-looking statements”). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “project” and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking statements in this news release include, but are not limited to, the impact of the Company’s strategic overhaul across its cost base, product, player strategy, and operational structure on its operating results, key user economics for the three months ending June 30, 2025 and the results of the Company’s ongoing strategic review.

    Forward-looking statements are based on the opinions and estimates of management of the Company at the date the statements are made based on information then available to the Company. Various factors and assumptions are applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Forward-looking statements are subject to and involve a number of known and unknown, variables, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors, among other things, include regulatory or political change such as changes in applicable laws and regulations; the ability to obtain and maintain required licenses; the esports and sports betting industry being a heavily regulated industry; the complex and evolving regulatory environment for the online gaming and online gambling industry; the success of esports and other betting products are not guaranteed; changes in public perception of the esports and online gambling industry; failure to retain or add customers; the Company having a limited operating history; negative cash flow from operations and the Company’s ability to operate as a going concern; operational risks; cybersecurity risks; reliance on management; reliance on third parties and third-party networks; exchange rate risks; risks related to cryptocurrency transactions; risk of intellectual property infringement or invalid claims; the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and general economic, market and business conditions. For additional risks, please see the Company’s management’s discussion and analysis for the 12 months ended December 31, 2024 under the heading “Risk Factors”, and other disclosure documents available on the Company’s SEDAR+ profile at www.sedarplus.ca.

    No assurance can be given that the expectations reflected in forward-looking statements will prove to be correct. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

    _________________________
    1 These preliminary user economics represent forward-looking information. See “Cautionary Note Regarding Forward-Looking Information and Statements” and “Financial Outlook”.

    The MIL Network –

  • MIL-OSI: VisionWave Technologies Inc. and Bannix Acquisition Corp. Complete Business Combination

    Source: GlobeNewswire (MIL-OSI)

    VisionWave Holdings Inc. to Commence Trading on Nasdaq Under Ticker “VWAV”

    VisionWave Technologies Inc. and Bannix Acquisition Corp. Have Closed the Business Combination on July 14, 2025

    VisionWave Holdings Inc. Shares of Common Stock and Warrants Will Begin Trading on Nasdaq on July 15, 2025, Under Ticker Symbols “VWAV” and “VWAVW,” Respectively

    WILMINGTON, Del., July 14, 2025 (GLOBE NEWSWIRE) — VisionWave Technologies Inc. (“VisionWave Technologies”), a defense development company focused on integrating advanced artificial intelligence and autonomous solutions across air, ground, and sea domains ranging from high-resolution radars and advanced vision systems to radio frequency sensing technologies seeking to redefine operational efficiency and precision for military and homeland security applications worldwide, today announced the successful completion of its business combination (the “Business Combination”) with Bannix Acquisition Corp. (Nasdaq: BNIX) (“BNIX”), a special purpose acquisition company, resulting in each of VisionWave Technologies and BNIX becoming a wholly-owned subsidiary of VisionWave Holdings Inc. (“VisionWave Holdings” or the “Combined Company”). On July 15, 2025, VisionWave Holdings shares of common stock will commence trading on the Nasdaq Global Market under the trading symbol “VWAV” and its warrants will trade on under the trading symbol “VWAVW.”

    “Completing the Business Combination and having our shares listed on the Nasdaq Global Market is a significant achievement for the VisionWave team, and we are grateful to our employees and partners who have supported us on this journey as we begin our next chapter as we seek to develop new and cutting technologies in the defense sector,” said Douglas Davis, Executive Chairman of VisionWave Holdings. “We believe this milestone will provide us with the tools to develop our technology and implement our business plan. We are excited to continue to seek building value for all stakeholders.” “This is a defining moment for VisionWave,” said Noam Kenig, Chief Executive Officer of VisionWave Holdings. “As we enter the public markets, our focus is on accelerating innovation in defense-grade AI systems, pursuing strategic global partnerships, and delivering on contracts that will shape the next generation of military technologies. I’m honored to lead the company into this exciting new chapter.”

    Advisors

    Fleming PLLC served as legal counsel to BNIX.

    Law Office of Robert M. Yaspan served as legal counsel to VisionWave Technologies.

    RBSM LLP served as the Auditor to VisionWave Holdings.

    Donohoe Advisory Associate, LLC served as Listing Advisor to VisionWave Holdings.

    Marula Capital Group a registered FINRA advisor provided the Fairness Opinion to the Business Combination.

    I-Bankers Securities, Inc., the underwriter in the original IPO.

    About VisionWave Holdings Inc.

    VisionWave Holdings Inc. is at the forefront of revolutionizing defense capabilities by integrating advanced artificial intelligence (AI) and autonomous solutions across air, ground, and sea domains. Its state-of-the-art innovations— ranging from high-resolution radars and advanced vision systems to radio frequency (RF) sensing technologies are seeking to redefine operational efficiency and precision for military and homeland security applications worldwide. From tactical ground vehicles to precision weapon control systems, VisionWave leads the development of reliable, high-performance technologies that transform defense strategies and deliver superior results, even in the most challenging environments. With headquarters in the U.S. and strategic partnerships in Canada and the United Arab Emigrants, VisionWave is uniquely positioned to serve global markets, offering cutting-edge defense solutions that address the evolving needs of security forces across the world.

    For more corporate and product information, please visit our website https://www.visionwave.tech.

    About Bannix Acquisition Corp.

    Bannix Acquisition Corp. is a blank check company, also commonly referred to as a Special Purpose Acquisition Company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.

    Forward-Looking Statements

    This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements also include, but are not limited to, statements regarding projections, estimates and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the estimated implied enterprise value of the Combined Company, VisionWave Holdings’ ability to scale and grow its business, the advantages and expected growth of the Combined Company, the Combined Company’s ability to source and retain talent, and the cash position of the Combined Company following closing of the Business Combination, as applicable. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of BNIX’s and VisionWave Technologies’ management and are not predictions of actual performance.

    These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although each of BNIX, VisionWave Technologies and VisionWave Holdings believes that it has a reasonable basis for each forward-looking statement contained in this press release, each of BNIX, VisionWave Technologies and VisionWave Holdings cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. In addition, there are risks and uncertainties described in the definitive proxy statement/prospectus mailed to BNIX stockholders, and filed by the Combined Company with the SEC and other documents filed by the Combined Company or BNIX from time to time with the SEC. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. BNIX, VisionWave Technologies and VisionWave Holdings cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, the ability to recognize the anticipated benefits of the Business Combination, costs related to the Business Combination, the risk that the Business Combination disrupts current plans and operations as a result of the announcement and consummation of the Business Combination, the outcome of any potential litigation, government or regulatory proceedings, and other risks and uncertainties, including those to be included under the heading “Risk Factors” in the definitive proxy statement/prospectus mailed to BNIX stockholders, and those included under the heading “Risk Factors” in the annual report on Form 10-K for the fiscal year ended December 31, 2024, of BNIX and in its subsequent quarterly reports on Form 10-Q and other filings with the SEC. There may be additional risks that BNIX, VisionWave Technologies and VisionWave Holdings presently do not know or that the parties currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. The forward-looking statements in this press release represent the views of BNIX, VisionWave Technologies and VisionWave Holdings as of the date of this press release. Subsequent events and developments may cause those views to change. However, while BNIX, VisionWave Technologies and VisionWave Holdings may update these forward-looking statements in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of BNIX, VisionWave Technologies and VisionWave Holdings as of any date subsequent to the date of this press release. Except as may be required by law, BNIX, VisionWave Technologies and VisionWave Holdings do not undertake any duty to update these forward-looking statements.

    VisionWave Holdings Investor Relations:

    Douglas Davis, Executive Chairman of the Board
    (302) 305-4790
    doug.davis@bannixacquisition.com

    The MIL Network –

  • MIL-OSI USA: President Trump Delivers on MAHA Push

    US Senate News:

    Source: US Whitehouse
    President Donald J. Trump took office promising to confront the chronic health crisis plaguing Americans — and six months later, he is delivering on that promise by removing harmful chemicals from our food supply.
    Today, the Trump Administration announced that dozens of ice cream companies — representing more than 90% of the ice cream volume sold in the U.S. — have pledged to eliminate the use of certified artificial colors in their ice cream and frozen dairy products.
    They join a growing group of leading companies that have taken steps to improve the food supply:
    Steak & Shake moved to 100% all-natural beef tallow and replaced its “buttery blend,” which contained seed oils, with 100% Grade A Wisconsin butter.
    McCormick announced it will drop certain food dyes from its products.
    PepsiCo announced it will remove artificial ingredients from popular food items — including Lay’s and Tostitos chips — by the end of the year.
    In-N-Out announced it will remove synthetic food dyes and artificial flavors from its menu items, and also transitioned to 100% beef tallow.
    Tyson Foods eliminated synthetic dyes in its food products.
    Mars removed titanium dioxide from its Skittles product.
    Sam’s Club committed to removing 40 harmful ingredients — including artificial colors, additives, dyes, and high-fructose corn syrup — from its private-label products.
    Kraft-Heinz announced it will remove artificial dyes from its U.S. products.
    General Mills announced it will remove artificial dyes from its U.S. cereals and all foods served in K-12 schools.
    Nestlé announced it will remove all petroleum-based food dyes from its food and beverage products.
    Conagra Foods announced it will remove certain color additives from its frozen products, no longer offer products with artificial dyes in K-12 schools, and stop using artificial dyes in the manufacturing of its products.
    JM Smucker announced it will remove synthetic colors from its consumer food products.
    Hershey announced it will remove synthetic dyes from its snacks.
    Consumer Brands announced it will urge its members to remove artificial colors in food and beverage products served in schools.

    MIL OSI USA News –

  • MIL-OSI USA: Investments, Not Cuts in NOAA & Weather Readiness, Will Save Lives & Dollars, Cantwell Tells CBS’s Face the Nation

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell

    07.13.25

    Investments, Not Cuts in NOAA & Weather Readiness, Will Save Lives & Dollars, Cantwell Tells CBS’s Face the Nation

    Interview focuses on importance of federally-funded weather forecasting and disaster preparedness as nation faces more extreme weather events; Cantwell previews letter to President Trump outlining 5-point plan

    WASHINGTON, D.C. – Today, U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation – the committee that oversees the National Oceanic and Atmospheric Administration (NOAA) and the National Weather Service (NWS) – joined CBS’s Face the Nation with Margaret Brennan to discuss the importance of funding for NOAA and the NWS.

    “The real question is, is, what can we do to improve the weather forecasting of this nation? To use science, to use better assets, to really do a once-in-a-lifetime investment to upgrade the system so that we could have given people in Kerrville more time, more warning? And the same for tornadoes and hurricanes and fires,” Sen. Cantwell said.

    “The more you can move people and resources out of the way of a storm, the more you can predict what might happen, the better prepared we’re going to be. And that’s going to help us save lives, and certainly save dollars.”

    NOAA’s cutting-edge science informs NWS weather forecasts, which help local communities prepare for and respond to events like the recent deadly floods in Central Texas. President Trump’s proposed budget would slash NOAA’s funding by $1.8 billion – a 27% cut – and his DOGE team has caused over 2,000 job losses at the agency since January.

    On Wednesday, Sen. Cantwell questioned Dr. Neil Jacobs, President Donald Trump’s nominee to head NOAA, about his plans to preserve the agency’s mission as the administration continues to hack away at NOAA’s budget, workforce, and programs.

    Last month, Sen. Cantwell joined renowned meteorologists from across the country for a virtual presser to sound the alarm on the NWS cuts, and called on the Trump Administration to restore the agency to full capacity.

    Sen. Cantwell and Brennan also discussed President Trump’s ongoing trade war. Video of the full segment is HERE and HERE; a transcript is HERE.

    MIL OSI USA News –

  • MIL-OSI USA: Governor Stein Kicks Off Week in WNC at AVL Airport, Urges Travelers to “Rediscover the Unforgettable” in Western North Carolina

    Source: US State of North Carolina

    Headline: Governor Stein Kicks Off Week in WNC at AVL Airport, Urges Travelers to “Rediscover the Unforgettable” in Western North Carolina

    Governor Stein Kicks Off Week in WNC at AVL Airport, Urges Travelers to “Rediscover the Unforgettable” in Western North Carolina
    lsaito

    Raleigh, NC

    Today Governor Josh Stein visited Asheville Regional Airport (AVL) as a part of the “Rediscover the Unforgettable” tourism initiative. The press conference kicked off Governor and First Lady Stein’s week exploring the mountains of western North Carolina, supporting small businesses, and showcasing all that the region has to offer travelers.

    “Travelers often take their first steps into western North Carolina right here at Asheville Regional Airport,” said Governor Josh Stein. “Our mountains are home to unforgettable landscapes, experiences, and people; there’s something here for everyone. I urge folks from across the country to book their flight and come experience something unforgettable here in western North Carolina.”

    “Asheville Regional Airport is more than just a gateway—it’s a vital economic engine for western North Carolina,” said Commerce Secretary Lee Lilley. “This region’s resilience, beauty, and hospitality continue to draw visitors from across the country. Through the ‘Rediscover the Unforgettable’ campaign, we’re not only inviting people to experience all that western North Carolina has to offer—we’re helping local communities and small businesses thrive.”

    This summer, Governor Stein and VisitNC have teamed up to help people “Rediscover the Unforgettable” in western North Carolina as the region recovers from Hurricane Helene. Governor Stein announced the initiative at the reopening of Chimney Rock State Park, which is now open to the public with limited hours. This campaign is available to local chambers of commerce, tourism boards, and small businesses for their joint promotional efforts as businesses in cities and towns across western North Carolina welcome travelers back.

    Many visitors come to western North Carolina through AVL, which opened a new concourse last month as part of an expansion project starting in 2023. In 2024, Asheville Regional Airport celebrated its second consecutive year surpassing 2 million passengers, with 2,174,125 travelers. According to the North Carolina Division of Aviation economic impact report, Asheville Regional Airport supports 22,745 jobs, over $1 billion in personal income for the region, and $3.9 billion in economic impact for western North Carolina. In the fall, AVL will be home to six airlines, including American, JetBlue, Delta, and United, with direct flights from Boston, New York, Washington, DC, Dallas-Fort Worth, Denver, and more. 

    Jul 14, 2025

    MIL OSI USA News –

  • MIL-OSI USA: Last Day to Apply for Federal Assistance for March Storms

    Source: US Federal Emergency Management Agency

    Headline: Last Day to Apply for Federal Assistance for March Storms

    Last Day to Apply for Federal Assistance for March Storms

    LITTLE ROCK, Ark

    – Monday, July 14, is the last day to apply for federal disaster assistance if you had damage from the destructive storms and tornadoes that cut across north-central and northeast Arkansas in March

    Homeowners and renters, including students, may apply for federal assistance if you live in Greene, Hot Spring, Independence, Izard, Jackson, Lawrence, Randolph, Sharp or Stone County

     FEMA has many types of assistance available

    FEMA may be able to help with basic home repair costs, personal property loss, and temporary housing while you are unable to live in your home or residence hall

    Repair or replacement assistance may be available for a primary vehicle, a computer damaged in the disaster, or books and other items required for school

    For students, your property damage or loss must have occurred in a designated county

    To apply for FEMA assistance, go to DisasterAssistance

    gov, use the FEMA App for mobile devices or call the FEMA Helpline at 800-621-3362

    Lines are open daily from 6 a

    m

    to 10 p

    m

    CT and specialists speak many languages

    If you use a relay service, captioned telephone or other service, you can give FEMA your number for that service

     To view an accessible video on how to apply, visit Three Ways to Apply for FEMA Disaster Assistance – YouTube

    The U

    S

    Small Business Administration also offers low-interest disaster loans to Arkansas homeowners and renters, businesses of all sizes and nonprofit organizations

     To apply to SBA, go to SBA

    gov/disaster or call the Customer Service Center at 800-659-2955

    Survivors may also apply for FEMA and SBA disaster assistance, submit documents and speak to someone about their applications at several sites

     To find locations and hours, visit fema

    gov/disaster/4865, scroll to the bottom of the page and click the link under “In-person Survivor Assistance

    ”For the latest information about Arkansas’ recovery, visit fema

    gov/disaster/4865

    Follow FEMA Region 6 on social media at x

    com/FEMARegion6 and at facebook

    com/FEMARegion6
    toan

    nguyen
    Mon, 07/14/2025 – 13:08

    MIL OSI USA News –

  • MIL-OSI USA: Launching the Extreme Heat Equipment Credit

    Source: US State of New York

    overnor Kathy Hochul today announced the launch of the New York State Insurance Fund (NYSIF)’s new Extreme Heat Equipment Credit. The credit helps qualifying small businesses protect their workers through the purchase of personal protective equipment (PPE) and supplies designed to minimize the effects of heat exposure.

    “Extreme weather events have unfortunately become our new normal, and here in New York, we are prioritizing resources to help our small businesses and workers statewide,” Governor Hochul said. “Our hardworking employees across the state deserve to have access to necessary benefits in instances of heat-related illnesses, especially those who work long hours outdoors.”

    With 2024 being the hottest year on record, and each year between 2015-24 ranking among the 10 hottest years on record, rising temperatures have become a critical occupational hazard for many industries. Extreme heat can lead to heat-related illnesses such as heat stroke and heat exhaustion and can exacerbate preexisting conditions such as asthma, kidney disease, or heart disease. Exposure to extreme heat can also impair cognitive and motor functions, increasing the risk of on-the-job accidents.

    The NYSIF Extreme Heat Equipment Credit is available to small businesses — up to 10 employees — in manufacturing, warehousing, carpentry, landscaping and farming; industries where workers are often exposed to extreme temperatures. These businesses can receive a one-time credit of $1,000 or 10 percent of their annual workers’ compensation premium, whichever is less, toward the purchase of PPE designed to protect workers from the effects of extreme heat.

    Today’s initiative is the latest in NYSIF’s commitment to promote worker safety and combat the effects of climate change. NYSIF recently expanded its Climate Action Premium Credit to additional providers of health care services as well as entities engaged in the medical supply chain. The program provides financial incentives and technical support for climate action planning and implementation.

    Eligible purchases under the NYSIF Extreme Heat Equipment Credit program include but are not limited to fans, ventilation systems, cooling vests, ventilated hard hats, UV-resistant safety glasses, and cooling towels. NYSIF policyholders that qualify can apply for the credit on the NYSIF website at nysif.com/ppe.

    New York State Insurance Fund Executive Director and CEO Gaurav Vasisht said, “As extreme heat becomes more frequent and severe, it’s critical that employers provide workers with protective equipment and safety gear to minimize risk. This program was designed for small businesses who may not have the resources of their larger competitors in helping workers stay safe and productive in the most demanding and heat-intensive work environments.”

    New York State Agriculture Commissioner Richard A. Ball said, “As we continue to see an increase in extreme heat across New York, preparation, communication and other precautions can save lives. It’s critical that we are working to provide ample resources to farmers to strengthen their resiliency and ensure their workforce — who primarily operate outdoors — remain safe. This initiative from our partners at NYSIF is a terrific step toward keeping New Yorkers safe in the heat, and I encourage all eligible businesses to apply.”

    New York State Department of Environmental Conservation Commissioner Amanda Lefton said, “DEC and our State and local partners are committed to addressing extreme heat driven by the climate crisis while identifying actions to help keep our communities safe and healthy. As directed by Governor Hochul, DEC is working to implement the Extreme Heat Action Plan with our agency partners by advancing both strategies and solutions to help address extreme heat. NYSIF’s Extreme Heat Equipment Credit complements these efforts by helping small businesses protect their workers, particularly those often exposed to extreme temperatures, from extreme heat and severe weather, across New York State.”

    New York State Department of Health Commissioner Dr. James McDonald said, “Extreme heat can be life threatening, even for healthy individuals and especially for those with preexisting health conditions like asthma. This program can help ensure that small businesses are able to support a safe environment for their employees during the hottest months of the year.”

    New York State Department of Labor Commissioner Roberta Reardon said, “Soaring temperatures can be dangerous and even deadly, especially for those working outdoors. I encourage eligible small businesses to take advantage of the new Extreme Heat Equipment Credit to purchase personal protective equipment and supplies to minimize heat exposure effects for their employees. We must keep workers safe while making New York a healthier, safer place to live and work. I also remind all employers to review our Extreme Heat Guidance to better understand how to protect their workforce.”

    New York State Energy Research and Development Authority President and CEO, Doreen M. Harris said, “Ensuring that workers have access to proper protective gear and supplies during periods of extreme heat is essential to their health and a safe work environment. I commend the New York State Insurance Fund for offering this equipment credit, which is one of many resources available to businesses to reduce exposure and minimize risk when temperatures are dangerously high for long periods of time.”

    New York State Workers’ Compensation Board Clarissa M. Rodriguez said, “Protecting workers from the dangers of extreme heat is the right thing to do and always good for business. I applaud NYSIF for developing a program that helps both small businesses and the employees who work for them.”

    The Business Council of New York State President and CEO Heather Mulligan said, “Federal law requires all employers to provide a working environment free from recognized hazards that can cause serious injury or illness. New York employers are leaders in protecting their workers from these hazards, including exposure to extreme temperatures. By providing the New York State Insurance Fund Extreme Heat Equipment Credit, NYSIF is reinforcing its commitment to supporting New York employers in this effort. We encourage all eligible businesses to take advantage of this credit to reinvest in their small businesses.”

    State Senator Sean Ryan said, “In the New York State legislature, we’re always looking for new, creative ways to support the small businesses that drive our state’s economy. With temperatures rising, we need to ensure that those employed by small businesses in vulnerable fields are able to work in safe and healthy conditions. I thank NYSIF and Governor Hochul for supporting this plan to protect workers and invest in small businesses across the state.”

    Assemblymember Al Stirpe said, “While temperatures continue to rise, putting our workers first is a necessity. This extreme heat equipment credit ensures that workers in the most heat-vulnerable industries stay safe and healthy while on the job. Not only will less employees be at risk for on-the-job accidents and long-term health impacts, but small businesses will also be provided the resources they need to continue operations during extreme heat events. Despite the increasing threat of climate change, New York State remains committed to protecting the livelihood and wellbeing of our workers.”

    Assemblymember Marianne Buttenschon said, “Our small businesses continue to struggle. The Extreme Heat Tax Credit program will assist our small businesses. I appreciate the governor taking this initiative to support our small businesses as well as those that work for them.”

    About NYSIF
    NYSIF is the largest workers’ compensation insurer in New York State and among the ten largest nationwide. NYSIF covers 2 million workers and insures 200,000 employers in New York State. NYSIF’s mission is to guarantee the availability of workers’ compensation, disability insurance and paid family leave at the lowest possible cost to New York employers while maintaining a solvent fund. Since its inception 110 years ago, NYSIF has fulfilled this mission by competing with other insurance carriers to ensure a fair marketplace while serving as a guaranteed source of coverage for employers that cannot secure coverage elsewhere. NYSIF strives to achieve the best health outcomes for injured workers and be an industry leader in price, quality, and service for New York employers. For more information, visit nysif.com.

    MIL OSI USA News –

  • MIL-OSI USA: Launching the Extreme Heat Equipment Credit

    Source: US State of New York

    overnor Kathy Hochul today announced the launch of the New York State Insurance Fund (NYSIF)’s new Extreme Heat Equipment Credit. The credit helps qualifying small businesses protect their workers through the purchase of personal protective equipment (PPE) and supplies designed to minimize the effects of heat exposure.

    “Extreme weather events have unfortunately become our new normal, and here in New York, we are prioritizing resources to help our small businesses and workers statewide,” Governor Hochul said. “Our hardworking employees across the state deserve to have access to necessary benefits in instances of heat-related illnesses, especially those who work long hours outdoors.”

    With 2024 being the hottest year on record, and each year between 2015-24 ranking among the 10 hottest years on record, rising temperatures have become a critical occupational hazard for many industries. Extreme heat can lead to heat-related illnesses such as heat stroke and heat exhaustion and can exacerbate preexisting conditions such as asthma, kidney disease, or heart disease. Exposure to extreme heat can also impair cognitive and motor functions, increasing the risk of on-the-job accidents.

    The NYSIF Extreme Heat Equipment Credit is available to small businesses — up to 10 employees — in manufacturing, warehousing, carpentry, landscaping and farming; industries where workers are often exposed to extreme temperatures. These businesses can receive a one-time credit of $1,000 or 10 percent of their annual workers’ compensation premium, whichever is less, toward the purchase of PPE designed to protect workers from the effects of extreme heat.

    Today’s initiative is the latest in NYSIF’s commitment to promote worker safety and combat the effects of climate change. NYSIF recently expanded its Climate Action Premium Credit to additional providers of health care services as well as entities engaged in the medical supply chain. The program provides financial incentives and technical support for climate action planning and implementation.

    Eligible purchases under the NYSIF Extreme Heat Equipment Credit program include but are not limited to fans, ventilation systems, cooling vests, ventilated hard hats, UV-resistant safety glasses, and cooling towels. NYSIF policyholders that qualify can apply for the credit on the NYSIF website at nysif.com/ppe.

    New York State Insurance Fund Executive Director and CEO Gaurav Vasisht said, “As extreme heat becomes more frequent and severe, it’s critical that employers provide workers with protective equipment and safety gear to minimize risk. This program was designed for small businesses who may not have the resources of their larger competitors in helping workers stay safe and productive in the most demanding and heat-intensive work environments.”

    New York State Agriculture Commissioner Richard A. Ball said, “As we continue to see an increase in extreme heat across New York, preparation, communication and other precautions can save lives. It’s critical that we are working to provide ample resources to farmers to strengthen their resiliency and ensure their workforce — who primarily operate outdoors — remain safe. This initiative from our partners at NYSIF is a terrific step toward keeping New Yorkers safe in the heat, and I encourage all eligible businesses to apply.”

    New York State Department of Environmental Conservation Commissioner Amanda Lefton said, “DEC and our State and local partners are committed to addressing extreme heat driven by the climate crisis while identifying actions to help keep our communities safe and healthy. As directed by Governor Hochul, DEC is working to implement the Extreme Heat Action Plan with our agency partners by advancing both strategies and solutions to help address extreme heat. NYSIF’s Extreme Heat Equipment Credit complements these efforts by helping small businesses protect their workers, particularly those often exposed to extreme temperatures, from extreme heat and severe weather, across New York State.”

    New York State Department of Health Commissioner Dr. James McDonald said, “Extreme heat can be life threatening, even for healthy individuals and especially for those with preexisting health conditions like asthma. This program can help ensure that small businesses are able to support a safe environment for their employees during the hottest months of the year.”

    New York State Department of Labor Commissioner Roberta Reardon said, “Soaring temperatures can be dangerous and even deadly, especially for those working outdoors. I encourage eligible small businesses to take advantage of the new Extreme Heat Equipment Credit to purchase personal protective equipment and supplies to minimize heat exposure effects for their employees. We must keep workers safe while making New York a healthier, safer place to live and work. I also remind all employers to review our Extreme Heat Guidance to better understand how to protect their workforce.”

    New York State Energy Research and Development Authority President and CEO, Doreen M. Harris said, “Ensuring that workers have access to proper protective gear and supplies during periods of extreme heat is essential to their health and a safe work environment. I commend the New York State Insurance Fund for offering this equipment credit, which is one of many resources available to businesses to reduce exposure and minimize risk when temperatures are dangerously high for long periods of time.”

    New York State Workers’ Compensation Board Clarissa M. Rodriguez said, “Protecting workers from the dangers of extreme heat is the right thing to do and always good for business. I applaud NYSIF for developing a program that helps both small businesses and the employees who work for them.”

    The Business Council of New York State President and CEO Heather Mulligan said, “Federal law requires all employers to provide a working environment free from recognized hazards that can cause serious injury or illness. New York employers are leaders in protecting their workers from these hazards, including exposure to extreme temperatures. By providing the New York State Insurance Fund Extreme Heat Equipment Credit, NYSIF is reinforcing its commitment to supporting New York employers in this effort. We encourage all eligible businesses to take advantage of this credit to reinvest in their small businesses.”

    State Senator Sean Ryan said, “In the New York State legislature, we’re always looking for new, creative ways to support the small businesses that drive our state’s economy. With temperatures rising, we need to ensure that those employed by small businesses in vulnerable fields are able to work in safe and healthy conditions. I thank NYSIF and Governor Hochul for supporting this plan to protect workers and invest in small businesses across the state.”

    Assemblymember Al Stirpe said, “While temperatures continue to rise, putting our workers first is a necessity. This extreme heat equipment credit ensures that workers in the most heat-vulnerable industries stay safe and healthy while on the job. Not only will less employees be at risk for on-the-job accidents and long-term health impacts, but small businesses will also be provided the resources they need to continue operations during extreme heat events. Despite the increasing threat of climate change, New York State remains committed to protecting the livelihood and wellbeing of our workers.”

    Assemblymember Marianne Buttenschon said, “Our small businesses continue to struggle. The Extreme Heat Tax Credit program will assist our small businesses. I appreciate the governor taking this initiative to support our small businesses as well as those that work for them.”

    About NYSIF
    NYSIF is the largest workers’ compensation insurer in New York State and among the ten largest nationwide. NYSIF covers 2 million workers and insures 200,000 employers in New York State. NYSIF’s mission is to guarantee the availability of workers’ compensation, disability insurance and paid family leave at the lowest possible cost to New York employers while maintaining a solvent fund. Since its inception 110 years ago, NYSIF has fulfilled this mission by competing with other insurance carriers to ensure a fair marketplace while serving as a guaranteed source of coverage for employers that cannot secure coverage elsewhere. NYSIF strives to achieve the best health outcomes for injured workers and be an industry leader in price, quality, and service for New York employers. For more information, visit nysif.com.

    MIL OSI USA News –

  • MIL-OSI USA: Nostrum Laboratories, Inc. Issues Voluntary Nationwide Recall of Sucralfate Tablets USP 1 Gram Within Expiry

    Source: US Department of Health and Human Services – 3

    Summary

    Company Announcement Date:
    July 11, 2025
    FDA Publish Date:
    July 14, 2025
    Product Type:
    Drugs
    Reason for Announcement:

    Recall Reason Description
    Company closure and discontinuation of quality activities.

    Company Name:
    Nostrum Laboratories, Inc.
    Brand Name:

    Brand Name(s)
    Nostrum Laboratories

    Product Description:

    Product Description
    Sucralfate Tablets USP 1 gram

    Company Announcement
    NEW YORK, DC, UNITED STATES, July 11, 2025 /EINPresswire.com/ — Nostrum Laboratories, Inc. (“Nostrum Labs”) filed Chapter 11 bankruptcy on September 30, 2024. In connection with that filing, the company has ceased and shutdown operations and terminated its operational employees at all domestic U.S. sites. Nostrum Labs is initiating a voluntary recall of Sucralfate Tablets USP 1 gram, all lots within expiry, as a result of the closures and discontinuation of its Quality activities.
    This recall pertains only to Sucralfate Tablets USP 1 gram, all lots with expiry, manufactured by Nostrum Labs after June 2023. No other Nostrum Labs products are affected by this recall. Nostrum Labs distributed the product at issue here to wholesalers, retailers, manufacturers, medical facilities, and repackagers.
    It cannot be guaranteed that any lots of this product that are still within expiry will meet all intended specifications through the labeled shelf life of the product. Further distribution or use of any remaining product on the market should cease immediately.
    Nostrum Labs is notifying its distributors and direct consignees for this product by email and U.S. mail and is requesting they immediately further notify their subsidiaries, individual receiving sites or warehouses, customers, retailers, and consumers. All lots of this product should be destroyed; Nostrum Labs is not accepting any returns of this product.
    Risk Statement: The discontinuation of Nostrum Labs’ quality program means that the Company is unable to assure that this product meets the identity, strength, quality, and purity characteristics that it is purported or represented to possess. While specific risks to patients from use of an adulterated product cannot always be identified or assessed, it is also not possible to rule out patient risks resulting from the use of such a product. Nostrum Labs has not received any reports of adverse events related to this recall.
    Customers with questions regarding this recall can contact Nostrum Labs at recallcoordinator@nostrumlabsrecall.com. Consumers should contact their physician or healthcare provider if they have experienced any problems that may be related to taking or using this drug product.
    Adverse reactions or quality problems experienced with the use of this product may be reported to the FDA’s MedWatch Adverse Event Reporting program either online, by regular mail, or by fax.

    This recall is being conducted with the knowledge of the U.S. Food and Drug Administration.

    Company Contact Information

    Content current as of:
    07/14/2025

    Regulated Product(s)

    Follow FDA

    MIL OSI USA News –

  • MIL-OSI USA: Nostrum Laboratories, Inc. Issues Voluntary Nationwide Recall of Sucralfate Tablets USP 1 Gram Within Expiry

    Source: US Department of Health and Human Services – 3

    Summary

    Company Announcement Date:
    July 11, 2025
    FDA Publish Date:
    July 14, 2025
    Product Type:
    Drugs
    Reason for Announcement:

    Recall Reason Description
    Company closure and discontinuation of quality activities.

    Company Name:
    Nostrum Laboratories, Inc.
    Brand Name:

    Brand Name(s)
    Nostrum Laboratories

    Product Description:

    Product Description
    Sucralfate Tablets USP 1 gram

    Company Announcement
    NEW YORK, DC, UNITED STATES, July 11, 2025 /EINPresswire.com/ — Nostrum Laboratories, Inc. (“Nostrum Labs”) filed Chapter 11 bankruptcy on September 30, 2024. In connection with that filing, the company has ceased and shutdown operations and terminated its operational employees at all domestic U.S. sites. Nostrum Labs is initiating a voluntary recall of Sucralfate Tablets USP 1 gram, all lots within expiry, as a result of the closures and discontinuation of its Quality activities.
    This recall pertains only to Sucralfate Tablets USP 1 gram, all lots with expiry, manufactured by Nostrum Labs after June 2023. No other Nostrum Labs products are affected by this recall. Nostrum Labs distributed the product at issue here to wholesalers, retailers, manufacturers, medical facilities, and repackagers.
    It cannot be guaranteed that any lots of this product that are still within expiry will meet all intended specifications through the labeled shelf life of the product. Further distribution or use of any remaining product on the market should cease immediately.
    Nostrum Labs is notifying its distributors and direct consignees for this product by email and U.S. mail and is requesting they immediately further notify their subsidiaries, individual receiving sites or warehouses, customers, retailers, and consumers. All lots of this product should be destroyed; Nostrum Labs is not accepting any returns of this product.
    Risk Statement: The discontinuation of Nostrum Labs’ quality program means that the Company is unable to assure that this product meets the identity, strength, quality, and purity characteristics that it is purported or represented to possess. While specific risks to patients from use of an adulterated product cannot always be identified or assessed, it is also not possible to rule out patient risks resulting from the use of such a product. Nostrum Labs has not received any reports of adverse events related to this recall.
    Customers with questions regarding this recall can contact Nostrum Labs at recallcoordinator@nostrumlabsrecall.com. Consumers should contact their physician or healthcare provider if they have experienced any problems that may be related to taking or using this drug product.
    Adverse reactions or quality problems experienced with the use of this product may be reported to the FDA’s MedWatch Adverse Event Reporting program either online, by regular mail, or by fax.

    This recall is being conducted with the knowledge of the U.S. Food and Drug Administration.

    Company Contact Information

    Content current as of:
    07/14/2025

    Regulated Product(s)

    Follow FDA

    MIL OSI USA News –

  • MIL-OSI USA: Nostrum Laboratories, Inc. Issues Voluntary Nationwide Recall of Sucralfate Tablets USP 1 Gram Within Expiry

    Source: US Department of Health and Human Services – 3

    Summary

    Company Announcement Date:
    July 11, 2025
    FDA Publish Date:
    July 14, 2025
    Product Type:
    Drugs
    Reason for Announcement:

    Recall Reason Description
    Company closure and discontinuation of quality activities.

    Company Name:
    Nostrum Laboratories, Inc.
    Brand Name:

    Brand Name(s)
    Nostrum Laboratories

    Product Description:

    Product Description
    Sucralfate Tablets USP 1 gram

    Company Announcement
    NEW YORK, DC, UNITED STATES, July 11, 2025 /EINPresswire.com/ — Nostrum Laboratories, Inc. (“Nostrum Labs”) filed Chapter 11 bankruptcy on September 30, 2024. In connection with that filing, the company has ceased and shutdown operations and terminated its operational employees at all domestic U.S. sites. Nostrum Labs is initiating a voluntary recall of Sucralfate Tablets USP 1 gram, all lots within expiry, as a result of the closures and discontinuation of its Quality activities.
    This recall pertains only to Sucralfate Tablets USP 1 gram, all lots with expiry, manufactured by Nostrum Labs after June 2023. No other Nostrum Labs products are affected by this recall. Nostrum Labs distributed the product at issue here to wholesalers, retailers, manufacturers, medical facilities, and repackagers.
    It cannot be guaranteed that any lots of this product that are still within expiry will meet all intended specifications through the labeled shelf life of the product. Further distribution or use of any remaining product on the market should cease immediately.
    Nostrum Labs is notifying its distributors and direct consignees for this product by email and U.S. mail and is requesting they immediately further notify their subsidiaries, individual receiving sites or warehouses, customers, retailers, and consumers. All lots of this product should be destroyed; Nostrum Labs is not accepting any returns of this product.
    Risk Statement: The discontinuation of Nostrum Labs’ quality program means that the Company is unable to assure that this product meets the identity, strength, quality, and purity characteristics that it is purported or represented to possess. While specific risks to patients from use of an adulterated product cannot always be identified or assessed, it is also not possible to rule out patient risks resulting from the use of such a product. Nostrum Labs has not received any reports of adverse events related to this recall.
    Customers with questions regarding this recall can contact Nostrum Labs at recallcoordinator@nostrumlabsrecall.com. Consumers should contact their physician or healthcare provider if they have experienced any problems that may be related to taking or using this drug product.
    Adverse reactions or quality problems experienced with the use of this product may be reported to the FDA’s MedWatch Adverse Event Reporting program either online, by regular mail, or by fax.

    This recall is being conducted with the knowledge of the U.S. Food and Drug Administration.

    Company Contact Information

    Content current as of:
    07/14/2025

    Regulated Product(s)

    Follow FDA

    MIL OSI USA News –

  • MIL-OSI USA: Nostrum Laboratories, Inc. Issues Voluntary Nationwide Recall of Sucralfate Tablets USP 1 Gram Within Expiry

    Source: US Department of Health and Human Services – 3

    Summary

    Company Announcement Date:
    July 11, 2025
    FDA Publish Date:
    July 14, 2025
    Product Type:
    Drugs
    Reason for Announcement:

    Recall Reason Description
    Company closure and discontinuation of quality activities.

    Company Name:
    Nostrum Laboratories, Inc.
    Brand Name:

    Brand Name(s)
    Nostrum Laboratories

    Product Description:

    Product Description
    Sucralfate Tablets USP 1 gram

    Company Announcement
    NEW YORK, DC, UNITED STATES, July 11, 2025 /EINPresswire.com/ — Nostrum Laboratories, Inc. (“Nostrum Labs”) filed Chapter 11 bankruptcy on September 30, 2024. In connection with that filing, the company has ceased and shutdown operations and terminated its operational employees at all domestic U.S. sites. Nostrum Labs is initiating a voluntary recall of Sucralfate Tablets USP 1 gram, all lots within expiry, as a result of the closures and discontinuation of its Quality activities.
    This recall pertains only to Sucralfate Tablets USP 1 gram, all lots with expiry, manufactured by Nostrum Labs after June 2023. No other Nostrum Labs products are affected by this recall. Nostrum Labs distributed the product at issue here to wholesalers, retailers, manufacturers, medical facilities, and repackagers.
    It cannot be guaranteed that any lots of this product that are still within expiry will meet all intended specifications through the labeled shelf life of the product. Further distribution or use of any remaining product on the market should cease immediately.
    Nostrum Labs is notifying its distributors and direct consignees for this product by email and U.S. mail and is requesting they immediately further notify their subsidiaries, individual receiving sites or warehouses, customers, retailers, and consumers. All lots of this product should be destroyed; Nostrum Labs is not accepting any returns of this product.
    Risk Statement: The discontinuation of Nostrum Labs’ quality program means that the Company is unable to assure that this product meets the identity, strength, quality, and purity characteristics that it is purported or represented to possess. While specific risks to patients from use of an adulterated product cannot always be identified or assessed, it is also not possible to rule out patient risks resulting from the use of such a product. Nostrum Labs has not received any reports of adverse events related to this recall.
    Customers with questions regarding this recall can contact Nostrum Labs at recallcoordinator@nostrumlabsrecall.com. Consumers should contact their physician or healthcare provider if they have experienced any problems that may be related to taking or using this drug product.
    Adverse reactions or quality problems experienced with the use of this product may be reported to the FDA’s MedWatch Adverse Event Reporting program either online, by regular mail, or by fax.

    This recall is being conducted with the knowledge of the U.S. Food and Drug Administration.

    Company Contact Information

    Content current as of:
    07/14/2025

    Regulated Product(s)

    Follow FDA

    MIL OSI USA News –

  • MIL-OSI USA: Nostrum Laboratories, Inc. Issues Voluntary Nationwide Recall of Sucralfate Tablets USP 1 Gram Within Expiry

    Source: US Department of Health and Human Services – 3

    Summary

    Company Announcement Date:
    July 11, 2025
    FDA Publish Date:
    July 14, 2025
    Product Type:
    Drugs
    Reason for Announcement:

    Recall Reason Description
    Company closure and discontinuation of quality activities.

    Company Name:
    Nostrum Laboratories, Inc.
    Brand Name:

    Brand Name(s)
    Nostrum Laboratories

    Product Description:

    Product Description
    Sucralfate Tablets USP 1 gram

    Company Announcement
    NEW YORK, DC, UNITED STATES, July 11, 2025 /EINPresswire.com/ — Nostrum Laboratories, Inc. (“Nostrum Labs”) filed Chapter 11 bankruptcy on September 30, 2024. In connection with that filing, the company has ceased and shutdown operations and terminated its operational employees at all domestic U.S. sites. Nostrum Labs is initiating a voluntary recall of Sucralfate Tablets USP 1 gram, all lots within expiry, as a result of the closures and discontinuation of its Quality activities.
    This recall pertains only to Sucralfate Tablets USP 1 gram, all lots with expiry, manufactured by Nostrum Labs after June 2023. No other Nostrum Labs products are affected by this recall. Nostrum Labs distributed the product at issue here to wholesalers, retailers, manufacturers, medical facilities, and repackagers.
    It cannot be guaranteed that any lots of this product that are still within expiry will meet all intended specifications through the labeled shelf life of the product. Further distribution or use of any remaining product on the market should cease immediately.
    Nostrum Labs is notifying its distributors and direct consignees for this product by email and U.S. mail and is requesting they immediately further notify their subsidiaries, individual receiving sites or warehouses, customers, retailers, and consumers. All lots of this product should be destroyed; Nostrum Labs is not accepting any returns of this product.
    Risk Statement: The discontinuation of Nostrum Labs’ quality program means that the Company is unable to assure that this product meets the identity, strength, quality, and purity characteristics that it is purported or represented to possess. While specific risks to patients from use of an adulterated product cannot always be identified or assessed, it is also not possible to rule out patient risks resulting from the use of such a product. Nostrum Labs has not received any reports of adverse events related to this recall.
    Customers with questions regarding this recall can contact Nostrum Labs at recallcoordinator@nostrumlabsrecall.com. Consumers should contact their physician or healthcare provider if they have experienced any problems that may be related to taking or using this drug product.
    Adverse reactions or quality problems experienced with the use of this product may be reported to the FDA’s MedWatch Adverse Event Reporting program either online, by regular mail, or by fax.

    This recall is being conducted with the knowledge of the U.S. Food and Drug Administration.

    Company Contact Information

    Content current as of:
    07/14/2025

    Regulated Product(s)

    Follow FDA

    MIL OSI USA News –

  • MIL-OSI USA: Press Release: Agencies Issue Joint Statement on Risk-Management Considerations for Crypto-Asset Safekeeping

    Source: US Federal Deposit Insurance Corporation FDIC

    CategoriesBusiness, Commerce, MIL-OSI, United States Federal Government, United States Government, United States of America, US Commerce, US Federal Deposit Insurance Corporation FDIC, US Federal Government, US Insurance Sector, USA

    MIL OSI USA News –

  • Centre to issue new guidelines to promote first-time exporters: Piyush Goyal

    Source: Government of India

    Source: Government of India (4)

    The government will soon issue new guidelines on how to promote new markets, new products, and new exporters, Commerce Minister Piyush Goyal said on Monday. He added that the Ministry and districts can work together to promote One District One Product (ODOP) items in newer markets and support first-time exporters.

    He said the Commerce Ministry will collaborate with districts to help first-time exporters reach new markets.

    Goyal highlighted that 773 districts across various states have contributed to India’s success story.

    “India is like an oasis in a desert in a tumultuous world and is the fastest-growing large economy in the world today,” said the minister, adding that India is set to become the third-largest economy in 2027.

    He noted that India’s diverse products have the potential to reach global markets.

    Goyal cited examples such as Wayanad’s coffee, Ratnagiri mangoes, and saffron from Pulwama, saying these illustrate the wide range of products that can take India’s name worldwide.

    He emphasised that One District One Product is a unique initiative, unmatched by any other country. “Each district brings a different kind of legacy,” he said.

    Goyal also mentioned that sometimes two products must be recognised under ODOP and stressed that local products are now going global.

    The minister said that 64 out of 87 products are covered under the Industrial Investment Promotion Policy. He informed that all 38 districts of Bihar have achieved 100 per cent coverage of products under ODOP, and the state has prioritised the initiative.

    Goyal stated that all these products are integrated into the state’s economic system and included in the industrial policy. Bihar has been categorised as Category A in this regard. He urged everyone to take a pledge to make ODOP a driving force for prosperity in their districts through their unique products.

    –IANS

  • MIL-OSI Canada: Pathways to end gender-based violence

    Source: Government of Canada regional news

    MIL OSI Canada News –

  • MIL-OSI: Federated “Midas” U.S. Sovereign Wealth Fund Launched, writes Global Policy Advisors’ Salar Ghahramani

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 14, 2025 (GLOBE NEWSWIRE) — Global Policy Advisors® LLC (GPA), a strategic advisory firm focused on sovereign wealth funds, has released a new SWF 2050™ briefing authored by Salar Ghahramani, titled Federated “Midas” U.S. Sovereign Wealth Fund Launched, with a focus on how recent developments are transforming the United States’ approach to sovereign wealth investing, with significant implications for markets and strategic sectors like rare earths.

    The briefing builds upon Ghahramani’s April 2025 SWF 2050™ report, Strategic Expansion in Critical Resources: New Directions for U.S. Sovereign Wealth Fund Investments, which anticipated the growing role of a U.S. sovereign wealth fund in securing critical minerals, reshaping market dynamics, and mitigating supply chain vulnerabilities. In the latest analysis, Ghahramani details how these forecasts are beginning to materialize through concrete transactions and policy frameworks.

    Ghahramani, who describes this emerging model as “Midas” to signify the use of sovereign capital to create transformative value across financial markets, supply chains, and strategic industries, writes that transactions like the Department of Defense’s equity stake in MP Materials exemplify this shift. “This is sovereign capital being deployed not merely for financial return, but to actively influence market structure, manage supply chain risks, and catalyze private investment—particularly in strategic industries such as rare earths,” Ghahramani said. “It’s an outside-the-box and highly creative approach, representing a significant departure from traditional sovereign wealth fund models and introducing new considerations for market participants.”

    Unlike conventional sovereign wealth funds that operate as single, centralized entities, Ghahramani explains that the U.S. appears to be developing a federated architecture in which multiple Executive Branch agencies act as conduits and pillars of sovereign wealth investing. The Department of Defense, leveraging authorities under the Defense Production Act (DPA), can engage in direct equity stakes and strategic market interventions. The Development Finance Corporation (DFC) is positioned to deploy capital into critical sectors tied to economic and national security objectives. The Department of the Treasury may emerge as a coordinating force, managing financial instruments and structuring sovereign investment strategies. Other agencies, including the Departments of Energy and Commerce, contribute through grants, loan guarantees, and sector-specific initiatives.

    In the report, Ghahramani analyzes how this decentralized approach operates within existing statutory frameworks, offering regulatory pathways for sovereign-style investments through instruments such as equity stakes, loans, price floors, and revenue-sharing agreements.

    Read the summary of the report here:

    https://www.globalpolicyadvisors.com/swf-2050trade/federated-midas-us-sovereign-wealth-fund-launched

    About Global Policy Advisors

    Global Policy Advisors® LLC is a boutique sovereign wealth fund advisory to corporations, boards of directors, and institutional investors—including hedge funds, private equity firms, pension funds, and SWFs. GPA’s ​expertise is delivering actionable insights, strategy sessions, and executive briefings on the governance, operations, and investment strategies of sovereign wealth funds. The company is recognized for devising the first governance and policy roadmap for a U.S. sovereign wealth fund.

    The MIL Network –

  • MIL-OSI Analysis: A robot stole my internship: How Gen Z’s entry into the workplace is being affected by AI

    Source: The Conversation – Canada – By Melise Panetta, Lecturer of Marketing in the Lazaridis School of Business and Economics, Wilfrid Laurier University

    For years, the expression “the robot took my job” has brought to mind visions of machines replacing workers on factory floors. But Gen Z is facing a new challenge: the loss of internships and other entry-level positions to AI.

    Internships and junior roles have historically provided a predictable ladder into the workforce by providing new workers with the experience and skills needed for long-term career development.

    But as artificial intelligence (AI) spreads to every corner of the modern workplace, these roles are susceptible to being replaced by automation.

    Entry-level roles traditionally involve low-complexity, high-frequency tasks such as data entry, scheduling or drafting reports — tasks that generative AI can do significantly cheaper and faster than a human. This almost certainly means fewer traditional bottom rungs on the career ladder.

    We are already seeing the impact of this: entry-level jobs are becoming scarcer, with candidates competing against a 14 per cent hike in applications per role, according to LinkedIn.

    No one’s 20s and 30s look the same. You might be saving for a mortgage or just struggling to pay rent. You could be swiping dating apps, or trying to understand childcare. No matter your current challenges, our Quarter Life series has articles to share in the group chat, or just to remind you that you’re not alone.

    Read more from Quarter Life:

    AI is changing the workplace

    The integration of AI across industries is fundamentally reshaping the job market.

    Nearly half of professionals worry AI will replace their jobs. There is good reason for this: by 2030, it’s estimated that nearly 30 per cent of work could be automated by generative AI.

    Meanwhile, nearly two-thirds of executives say they are willing to use AI tools to drive up productivity at the expense of losing staff. Conversely, only one in three executives are willing to keep their staff at the expense of higher expected productivity.

    It is also projected that declines in traditional entry-level or junior roles in sectors such as food services, customer service, sales and office support work could account for nearly 84 per cent of the occupational shifts expected by 2030.

    Talent and entry-level role shortages in the future

    Data on AI and the future of work also points to another potential problem: a talent shortage for certain skill sets. A 2024 report from Microsoft and LinkedIn found that leaders are concerned with shortages in areas such as cybersecurity, engineering and creative design.

    Though this data might appear contradictory, it signals that in addition to fewer entry level positions being available, changes to job roles and skill sets are also on the horizon.

    As a result, competition for entry-level roles is expected to increase, with greater value put on candidates who can use AI tools to improve their productivity and effectiveness.

    Rather than simply eliminating jobs, many roles are evolving to require new capabilities. There is also growing demand for specialized talent where AI cannot yet fully augment human abilities.

    AI literacy is the new entry requirement

    As AI becomes more prevalent in the workforce, “entry-level” roles are no longer just about completing basic tasks, but about knowing how to work effectively with new technologies, including AI.

    Employers are beginning to place immense value on AI literacy. Two-thirds of managers say they wouldn’t hire someone without AI skills and 71 per cent say they would prefer a less experienced candidate with AI skills over a more experienced one without them.

    With fewer entry-level positions available, young workers will need to figure out how to stand out in a competitive job market. But despite these challenges, Gen Z may also be the best-positioned to adapt to these changes.

    As digital natives, many Gen Z are already integrating AI tools into their work. A report from LinkedIn and Microsoft found 85 per cent are bringing AI tools like ChatGPT or Copilot into the workplace, indicating they are both comfortable and eager to make use of this technology.

    This trend mirrors broader trends across the workforce. One report found 76 per cent of professionals believe they need AI-related skills to remain competitive. That same Microsoft and LinkedIn report found there has been a 160 per cent surge in learning courses for AI literacy.

    This growing emphasis on AI skills is part of a wider shift toward “upskilling” — the process of enhancing skill sets to adapt to the changing conditions of the job market. Today, upskilling means leaning how to use AI to enhance, accelerate and strengthen your performance in the workplace.

    A new kind of entry-level job

    Since AI literacy is becoming a core career skill, being able to present yourself as a candidate with AI skills is important for standing out in a crowded entry-level job market. This includes knowing how to use AI tools, evaluate their outputs critically and apply them in a workplace context. It also means learning how to present AI skills on a resume and in interviews.

    Employers also have a role to play in all this. If they want to attract and retain employees, they need to redesign entry-level roles. Instead of eliminating entry-level roles, they should refocus on higher-value activities that require critical thinking or creativity. These are the areas where humans outperform machines, and where AI can act as a support rather than a replacement.

    But to make this work, employers need to re-evaluate their hiring practices to prioritize AI literacy and transferable skills over outdated experience requirements.

    The future of work isn’t about humans being replaced by robots, but about learning how to use the technology to enhance skills and creating new entry points into the professional world.

    Melise Panetta 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. A robot stole my internship: How Gen Z’s entry into the workplace is being affected by AI – https://theconversation.com/a-robot-stole-my-internship-how-gen-zs-entry-into-the-workplace-is-being-affected-by-ai-260381

    MIL OSI Analysis –