Category: Economy

MIL-OSI USA: Two California Residents Plead Guilty in Connection with $16M Hospice Fraud Scheme and Money Laundering Scheme

Source: US State Government of Utah

Two California residents pleaded guilty yesterday in connection with their roles in defrauding Medicare of nearly $16 million through sham hospice companies and to laundering the proceeds of the fraud as part of a multi-year scheme.

According to court documents, Karpis Srapyan, 35, of Winnetka, California, conspired with others, including co-defendants Petros Fichidzhyan and Juan Carlos Esparza, to bill Medicare for hospice services that were not medically necessary and never provided. To conduct their fraudulent scheme, they used a series of four sham hospice companies: one owned by Esparza and the other three owned by foreign nationals but controlled by the defendants. Srapyan and his co-defendants concealed the scheme by using foreign nationals’ personal identifying information to open bank accounts, submit information to Medicare, and sign property leases. They also misappropriated names and other identifying information of several doctors, two of whom were deceased, to fraudulently bill Medicare for purported hospice services. In total, Medicare paid the fake hospice companies nearly $16 million.

Fichidzhyan, Esparza, and Srapyan worked with others to launder the fraudulent proceeds from their hospice scheme. Susanna Harutyunyan, 39, of Winnetka, was aware that her husband and co-defendant Mihran Panosyan was involved in illegal activity with Srapyan and Fichidzhyan. As part of the money laundering scheme, Harutyunyan and her co-defendants maintained fraudulent identification documents, bank documents, checkbooks, and credit and debit cards in the names of purported foreign owners in the residence where she and Panosyan lived and another residence that was owned in her name. Srapyan conducted dozens of financial transactions, totaling approximately $3.2 million, moving funds between accounts in the names of the sham hospice companies, accounts in the names of foreign nationals that were controlled by the defendants, and other accounts involved in the money laundering scheme. Harutyunyan knowingly spent fraudulent proceeds on personal expenses, including payments for a BMW automobile.

Srapyan pleaded guilty to conspiracy to commit health care fraud and money laundering and is scheduled to be sentenced on Oct. 6. He faces a maximum penalty of 20 years in prison. Harutyunyan pleaded guilty to money laundering and is scheduled to be sentenced on Nov. 17; she faces a maximum penalty of 10 years in prison. A federal district court judge will determine their sentences after considering the U.S. Sentencing Guidelines and other statutory factors. Harutyunyan faces deportation.

Co-defendant Petros Fichidzhyan previously pleaded guilty to health care fraud, aggravated identity theft, and money laundering. In May, Fichidzhyan was sentenced to 12 years in prison. Co-defendant Mihran Panosyan pleaded guilty to money laundering in June and is scheduled to be sentenced Sept. 8. Co-defendant Juan Carlos Esparza’s change of plea hearing is scheduled for July 14.

The guilty pleas today are the most recent convictions in the Justice Department’s ongoing effort to combat hospice fraud in the greater Los Angeles area. Last year, a doctor was convicted at trial for his role in a scheme to bill Medicare for hospice services patients did not need, and two other defendants were sentenced for their roles in a hospice fraud scheme.

Matthew R. Galeotti, Head of the Justice Department’s Criminal Division, Assistant Director in Charge Akil Davis of the FBI Los Angeles Field Office, and Deputy Inspector General for Investigations Christian J. Schrank of the U.S. Department of Health and Human Services Office of the Inspector General (HHS-OIG) made the announcement.

The FBI and HHS-OIG are investigating the case.

Trial Attorneys Michael Bacharach, Sarah E. Edwards, and Allison L. McGuire of the Criminal Division’s Fraud Section are prosecuting the case, and Assistant U.S. Attorney Tara B. Vavere for the Central District of California is handling asset forfeiture.

The Fraud Section leads the Criminal Division’s efforts to combat health care fraud through the Health Care Fraud Strike Force Program. Since March 2007, this program, currently comprised of 9 strike forces operating in 27 federal districts, has charged more than 5,800 defendants who collectively have billed federal health care programs and private insurers more than $30 billion. In addition, the Centers for Medicare & Medicaid Services, working in conjunction with HHS-OIG, are taking steps to hold providers accountable for their involvement in health care fraud schemes. More information can be found at www.justice.gov/criminal-fraud/health-care-fraud-unit.

MIL OSI USA News –

July 9, 2025
MIL-OSI Europe: Bulgaria ready to use the euro from 1 January 2026

Source: European Union 2

The EU has given the final green light for Bulgaria to introduce the euro on 1 January 2026. Joining the euro area will bring tangible benefits to Bulgarian citizens and businesses: no more currency exchange costs, increased price transparency, easier cross-border payments and access to finance.

MIL OSI Europe News –

July 9, 2025
MIL-OSI Security: Two California Residents Plead Guilty in Connection with $16M Hospice Fraud Scheme and Money Laundering Scheme

Source: United States Attorneys General

Two California residents pleaded guilty yesterday in connection with their roles in defrauding Medicare of nearly $16 million through sham hospice companies and to laundering the proceeds of the fraud as part of a multi-year scheme.

According to court documents, Karpis Srapyan, 35, of Winnetka, California, conspired with others, including co-defendants Petros Fichidzhyan and Juan Carlos Esparza, to bill Medicare for hospice services that were not medically necessary and never provided. To conduct their fraudulent scheme, they used a series of four sham hospice companies: one owned by Esparza and the other three owned by foreign nationals but controlled by the defendants. Srapyan and his co-defendants concealed the scheme by using foreign nationals’ personal identifying information to open bank accounts, submit information to Medicare, and sign property leases. They also misappropriated names and other identifying information of several doctors, two of whom were deceased, to fraudulently bill Medicare for purported hospice services. In total, Medicare paid the fake hospice companies nearly $16 million.

Fichidzhyan, Esparza, and Srapyan worked with others to launder the fraudulent proceeds from their hospice scheme. Susanna Harutyunyan, 39, of Winnetka, was aware that her husband and co-defendant Mihran Panosyan was involved in illegal activity with Srapyan and Fichidzhyan. As part of the money laundering scheme, Harutyunyan and her co-defendants maintained fraudulent identification documents, bank documents, checkbooks, and credit and debit cards in the names of purported foreign owners in the residence where she and Panosyan lived and another residence that was owned in her name. Srapyan conducted dozens of financial transactions, totaling approximately $3.2 million, moving funds between accounts in the names of the sham hospice companies, accounts in the names of foreign nationals that were controlled by the defendants, and other accounts involved in the money laundering scheme. Harutyunyan knowingly spent fraudulent proceeds on personal expenses, including payments for a BMW automobile.

Srapyan pleaded guilty to conspiracy to commit health care fraud and money laundering and is scheduled to be sentenced on Oct. 6. He faces a maximum penalty of 20 years in prison. Harutyunyan pleaded guilty to money laundering and is scheduled to be sentenced on Nov. 17; she faces a maximum penalty of 10 years in prison. A federal district court judge will determine their sentences after considering the U.S. Sentencing Guidelines and other statutory factors. Harutyunyan faces deportation.

Co-defendant Petros Fichidzhyan previously pleaded guilty to health care fraud, aggravated identity theft, and money laundering. In May, Fichidzhyan was sentenced to 12 years in prison. Co-defendant Mihran Panosyan pleaded guilty to money laundering in June and is scheduled to be sentenced Sept. 8. Co-defendant Juan Carlos Esparza’s change of plea hearing is scheduled for July 14.

The guilty pleas today are the most recent convictions in the Justice Department’s ongoing effort to combat hospice fraud in the greater Los Angeles area. Last year, a doctor was convicted at trial for his role in a scheme to bill Medicare for hospice services patients did not need, and two other defendants were sentenced for their roles in a hospice fraud scheme.

Matthew R. Galeotti, Head of the Justice Department’s Criminal Division, Assistant Director in Charge Akil Davis of the FBI Los Angeles Field Office, and Deputy Inspector General for Investigations Christian J. Schrank of the U.S. Department of Health and Human Services Office of the Inspector General (HHS-OIG) made the announcement.

The FBI and HHS-OIG are investigating the case.

Trial Attorneys Michael Bacharach, Sarah E. Edwards, and Allison L. McGuire of the Criminal Division’s Fraud Section are prosecuting the case, and Assistant U.S. Attorney Tara B. Vavere for the Central District of California is handling asset forfeiture.

The Fraud Section leads the Criminal Division’s efforts to combat health care fraud through the Health Care Fraud Strike Force Program. Since March 2007, this program, currently comprised of 9 strike forces operating in 27 federal districts, has charged more than 5,800 defendants who collectively have billed federal health care programs and private insurers more than $30 billion. In addition, the Centers for Medicare & Medicaid Services, working in conjunction with HHS-OIG, are taking steps to hold providers accountable for their involvement in health care fraud schemes. More information can be found at www.justice.gov/criminal-fraud/health-care-fraud-unit.

MIL Security OSI –

July 9, 2025
MIL-OSI: Bell Wealth Partners Launches with Support of LPL Strategic Wealth Services

Source: GlobeNewswire (MIL-OSI)

SAN DIEGO, July 08, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that father and son financial advisors Robert Bell, II, AIF®, and Keegan Bell, AIF®, AAMS®, have launched a new independent practice, Bell Wealth Partners, through affiliation with LPL Financial’s supported independence model, LPL Strategic Wealth Services. The team reported serving approximately $450 million in advisory, brokerage and retirement plan assets* and joins LPL from Raymond James.

Headquartered in Fairbanks, Alaska with an additional office in Medford, Ore., the ensemble practice has developed a strong reputation over the years for providing holistic experiences and personalized services to address each aspect of a client’s financial life. The Bells are managing partners of the firm and are joined by fellow advisor Tom Cook and client associates Renee Schoettle, Margarita Duran-Espino, Jamie Walker and Kirsten Bell, Robert’s wife.

“We are all deeply invested in helping our clients work toward their financial goals,” Robert said. “We take the time to get to know each client on a personal level to better understand their financial aspirations, and we work with their accountants and attorneys to create a customized plan that is right for them. It’s our goal to help clients have happy, fulfilled lives, and we consider it our privilege and responsibility to help them with that.”

Why they made the move to LPL Financial

The transition to LPL Financial is underpinned by the team’s aspiration to augment client experiences and cater to the next generation of wealth.

“We’re moving to LPL so we can add more value to the client experience as we seek new ways to go above and beyond,” Keegan said. “We want to be a one-stop shop—a center to help with a clients’ entire financial situation. This move allows us to really increase that value add and better take care of them, not just for them but for the next generation of wealth and the transfer to their beneficiaries.”

The team was drawn to LPL’s comprehensive supported independence solution, LPL Strategic Wealth Services (SW), which combines the freedom and flexibility of entrepreneurship with hands-on business services and support to help practices thrive, both operationally and strategically. In addition to having access to LPL’s innovative wealth management platform and sophisticated resources, SW advisors benefit from a truly integrated service that includes simplified pricing, technology and dedicated support to launch their practice. Then, after the transition is complete, SW teams receive ongoing operations support managed by their team of experienced professionals including a business strategist, marketing partner, CFO and administrative assistant. Advisors have one point of contact, a dedicated team and priority access to advocacy and project management for complex business issues, ultimately allowing them to stay focused on the enduring needs of their clients and the culture and evolution of their practice.

“Strategic Wealth Services was truly a differentiating factor in our decision to move,” Robert said. “We are joining a very niche group at LPL, which allows us to collaborate with others in the model and access a team of specialists, including high-net-worth and trust consultants. This move enables us to add an extra layer of planning and ensure we’re not just taking care of clients now, but their beneficiaries as well.”

Scott Posner, LPL Managing Director, Business Development, said, “We welcome Robert, Keegan, Tom, Renee, Margarita, Jamie and Kirsten to the LPL community and congratulate them on going independent with LPL Strategic Wealth. Just as the Bell Wealth Partners team is committed to helping their clients work toward their fiscal goals, LPL provides advisors with innovative technology and sophisticated capabilities to help them provide an elevated client experience. We look forward to supporting Bell Wealth Partners for years to come.”

Related

Advisors, learn how LPL Financial can help take your business to the next level.

About LPL Financial

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports nearly 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC.

Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial. Bell Wealth Partners and LPL are separate entities.

We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

*Value approximated based on asset and holding details provided to LPL from end of year, 2024.

Media Contact:
Media.relations@LPLFinancial.com

Tracking #760446

The MIL Network –

July 9, 2025
MIL-OSI: Global Oncology Breakthroughs Being Fueled by Advancements in Clinical Trials and New Therapies
Source: GlobeNewswire (MIL-OSI)

PALM BEACH, Fla., July 08, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The global oncology market, including breakthrough treatments, is experiencing substantial growth, with revenues projected to reach hundreds of billions of dollars in the coming years. Several factors are driving this expansion, including rising cancer incidence, advancements in therapies like precision medicine and immunotherapy, and increased investment in research and development. A report from Grand View Research said that the global breakthrough therapy designation market size is projected to grow at a CAGR of 14.2% through 2030. It is a process designed to escalate the development and assessment of sanctioning of drugs & biologics that are proposed for treating severe diseases, whereas primary clinical evidence notifies that the drug determines considerable enhancement over existing therapy on a clinically significant endpoint. Furthermore, the BT (Breakthrough) designation lets pharma companies hasten the developmental process by offering additional support and assistance from the FDA and making medications available to the public faster. The report continued: “Apart from breakthrough designation therapy, there are some important tools, all of which have been in place for many years, such as fast-track designation, accelerated approval, and priority review. All of these are inclined toward approving drugs used to treat serious disorders. Although these processes can reduce a drug’s time to market, standard clinical testing is required for the development process, which usually involves three phases of large-scale and controlled trials.” Active oncology biotech and pharma companies in the markets this week include Oncolytics Biotech^®Inc. (NASDAQ: ONCY) (TSX: ONC), Mustang Bio, Inc. (NASDAQ: MBIO), Verastem Oncology (NASDAQ: VSTM), Cardiff Oncology, Inc. (NASDAQ: CRDF), AstraZeneca PLC (NASDAQ: AZN).

Grand View Research continued: “The increasing prevalence of life-threatening conditions and the necessity for the rapid development of pipeline drugs are also some factors that propel the breakthrough therapy drug market. This is primarily driven by the significant unmet need for effective treatments for severe conditions currently available. Manufacturing companies are particularly attentive to drugs designated as breakthrough therapies due to the accelerated market access and higher returns on investment. Breakthrough therapy drugs often undergo less extensive clinical trials, which is a direct consequence of their market designation. The FDA’s enhanced support for small-scale industries in research and development, including increased funding and expedited drug approval processes, is further stimulating the market for breakthrough therapy drugs. Collectively, these elements are pushing the breakthrough therapy drug market forward. Further, innovative gene and cell therapies are offering new treatment decisions for previously untreatable illnesses, mainly drifting to more breakthrough therapy designations. Moreover, the regulatory support agencies are streamlining processes and offering assistance for breakthrough therapies to speed up their development and sanction. Another aspect leading the breakthrough therapy designations is the cross-sector collaborations between academic institutions, pharmaceutical companies, and research institutes that are lifting the upgradation and the advancement of new breakthrough therapies completely.”

Oncolytics Biotech^®Inc. (NASDAQ: ONCY) (TSX: ONC) Highlights Transformative Pelareorep Survival Data in Multiple Tumors and Commitment to Registration-Enabling Studies
- Comparison with multiple landmark first-line metastatic pancreatic ductal adenocarcinoma studies substantiates strong two-year survival benefit of 21.9% vs. 9.2% historical benchmark
- Consistent survival benefit compared to standard-of-care chemotherapy in randomized studies in the large HR+/HER2- metastatic breast cancer indication
- Data from over 1,100 patients across tumor types reveals a favorable, well-understood safety profile
— Oncolytics Biotech ^® Inc. ($ONCY $ONC), a leading clinical-stage company specializing in immunotherapy for oncology, today announced a strategic update highlighting its compelling clinical data from two tumor types and outlining a sharpened focus on advancing pelareorep, the Company’s intravenously delivered oncolytic virus immunotherapy, into registration-enabling studies.

“We are no longer in the business of funding proof-of-concept studies,” said Jared Kelly, Chief Executive Officer of Oncolytics. “We have meaningful clinical data in hand—not just signals. The survival benefit across multiple tumor types demands a focused approach to take pelareorep directly into registration-enabling trials. We will use our fast-track status to find the most efficient regulatory path forward this summer to advance our platform in a product technology.”

Results from two completed first-line metastatic pancreatic ductal adenocarcinoma (mPDAC) trials demonstrate a strong and consistent efficacy signal showing extremely rare 2-year overall survival rates of 21.9% vs. 9.2% based on pooled data from over 100 patients across two studies evaluating pelareorep combined with a chemotherapy backbone. In addition, a best-in-class 62% objective response rate (ORR) was observed in a single-arm study of pelareorep in combination with a chemotherapy backbone and a checkpoint inhibitor in 13 evaluable patients. These results collectively represent promising efficacy for a therapeutic regimen that includes an immunotherapy in this difficult-to-treat cancer. Currently, there are no approved immunotherapies for first-line treatment of mPDAC…

…Pelareorep’s clinical activity in HR+/HER2- metastatic breast cancer – a large indication with continued significant unmet medical need and no currently approved immunotherapies – has been demonstrated in two randomized phase 2 studies, both of which showed a median overall survival (mOS) benefit of greater than 10 months compared to standard-of-care chemotherapy (IND.213 mOS: 21.0 vs. 10.8 months; BRACELET-1 mOS: not statistically reached; conservative estimate = 32.1 months vs. 18.2 months). In the randomized, controlled BRACELET-1 study, pelareorep combined with paclitaxel yielded a 12.1-month median progression-free survival (PFS) compared to 6.4 months in the paclitaxel alone control arm.

“Pelareorep represents a tipping point for immunotherapy in cold tumors,” said Dr. Thomas Heineman, Chief Medical Officer of Oncolytics. “It is delivering consistent immunologic and clinical responses in multiple tumor types. Most impressively, pelareorep activates the immune system to produce clinical benefits in cancers that are typically unresponsive to immunotherapies like mPDAC and unresectable HR+/HER2- breast cancer, creating new oncology entry points for immune-based combination therapies.” CONTINUED… Read these full press releases and more news for ONCY at: https://www.financialnewsmedia.com/news-oncy/

Other recent oncology developments in the biotech industry of note include:

Mustang Bio, Inc. (NASDAQ: MBIO), a clinical-stage biopharmaceutical company focused on translating today’s medical breakthroughs in cell therapies into potential cures for difficult-to-treat cancers, recently announced that the U.S. Food and Drug Administration (“FDA”) has granted Orphan Drug Designation to Mustang for MB-101 (IL13Ra2-targeted CAR T-cells) for the treatment of recurrent diffuse and anaplastic astrocytoma (astrocytomas) and glioblastoma (GBM).

The FDA grants Orphan Drug Designation to drugs and biologics that are intended for safe and effective treatment, diagnosis or prevention of rare diseases or disorders that affect fewer than 200,000 people in the U.S. Orphan Drug Designation provides certain incentives, such as tax credits toward the cost of clinical trials upon approval and prescription drug user fee waivers. If a product receives Orphan Drug Status from the FDA, that product is entitled to seven years of market exclusivity for the disease in which it has Orphan Drug designation, which is independent from intellectual property protection.

Verastem Oncology (NASDAQ: VSTM), a biopharmaceutical company committed to advancing new medicines for patients with RAS/MAPK pathway-driven cancers, recently announced that updated results from the Phase 1/2 FRAME study conducted by The Institute of Cancer Research, London, and The Royal Marsden NHS Foundation Trust were published online in Nature Medicine. The full manuscript, titled “Defactinib with avutometinib in patients with solid tumors: the phase 1 FRAME trial,” was the first-in-human study to evaluate the safety, tolerability, and efficacy of avutometinib in combination with defactinib in patients with low-grade serous ovarian cancer (LGSOC), non-small cell lung cancer (NSCLC), and other solid tumor types.

“The FRAME study was the early foundation for the recent FDA approval of avutometinib plus defactinib in KRAS-mutated recurrent low-grade serous ovarian cancer and we are pleased to see that the mature data set continues to show the safety and tolerability of this combination therapy,” said Dan Paterson, president and chief executive officer of Verastem Oncology. “This supports our ongoing commitment to advancing our research into the combination for use in other solid tumors, including RAMP 205 in first-line metastatic pancreatic cancer.”

Cardiff Oncology, Inc. (NASDAQ: CRDF), a clinical-stage biotechnology company leveraging PLK1 inhibition to develop novel therapies across a range of cancers, recently announced the company has appointed Roger Sidhu, MD, as Chief Medical Officer. Dr. Sidhu is a veteran executive and clinician with over 20 years of experience and a strong track record of success in oncology research, development, and regulatory strategy. Dr. Sidhu succeeds Dr. Fairooz Kabbinavar who will remain with the company in an advisory role. The company also announced it will share additional clinical data from its lead program in RAS-mutated mCRC on July 29, 2025.

“We are pleased to welcome Dr. Sidhu to lead the clinical program for onvansertib through the next phase of development. Dr. Sidhu is a respected clinician and seasoned executive with a proven track record of advancing innovative therapies through late-stage clinical development across multiple therapeutic areas including in first-line mCRC. As we move forward, we thank Dr. Kabbinavar for his leadership in progressing onvansertib’s clinical development across multiple tumor types,” said Mark Erlander, Chief Executive Officer of Cardiff Oncology. “In addition to today’s medical leadership transition, we are announcing our plan to share an update of clinical data from the ongoing CRDF-004 trial on July 29, at which point we expect to release a substantive dataset.”

AstraZeneca PLC (NASDAQ: AZN)‘s Imfinzi (durvalumab) has been approved in the European Union (EU) for the treatment of adult patients with resectable muscle-invasive bladder cancer (MIBC) in combination with gemcitabine and cisplatin as neoadjuvant treatment, followed by Imfinzi as monotherapy adjuvant treatment after radical cystectomy (surgery to remove the bladder).

The approval by the European Commission follows the positive opinion of the Committee for Medicinal Products for Human Use and is based on results from the NIAGARA Phase III trial, which were published in The New England Journal of Medicine.

In a planned interim analysis, the Imfinzi-based perioperative regimen demonstrated a statistically significant 32% reduction in the risk of disease progression, recurrence, not undergoing surgery, or death versus neoadjuvant chemotherapy with radical cystectomy alone (based on event-free survival [EFS] hazard ratio [HR] of 0.68; 95% confidence interval [CI] 0.56-0.82; p<0.0001). Estimated median EFS was not yet reached for the Imfinzi arm versus 46.1 months for the comparator arm. An estimated 67.8% of patients treated with the regimen were event free at two years compared to 59.8% in the comparator arm.

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SOURCE: FN Media Group

The MIL Network –
July 9, 2025
MIL-OSI: Global Oncology Breakthroughs Being Fueled by Advancements in Clinical Trials and New Therapies
Source: GlobeNewswire (MIL-OSI)

PALM BEACH, Fla., July 08, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The global oncology market, including breakthrough treatments, is experiencing substantial growth, with revenues projected to reach hundreds of billions of dollars in the coming years. Several factors are driving this expansion, including rising cancer incidence, advancements in therapies like precision medicine and immunotherapy, and increased investment in research and development. A report from Grand View Research said that the global breakthrough therapy designation market size is projected to grow at a CAGR of 14.2% through 2030. It is a process designed to escalate the development and assessment of sanctioning of drugs & biologics that are proposed for treating severe diseases, whereas primary clinical evidence notifies that the drug determines considerable enhancement over existing therapy on a clinically significant endpoint. Furthermore, the BT (Breakthrough) designation lets pharma companies hasten the developmental process by offering additional support and assistance from the FDA and making medications available to the public faster. The report continued: “Apart from breakthrough designation therapy, there are some important tools, all of which have been in place for many years, such as fast-track designation, accelerated approval, and priority review. All of these are inclined toward approving drugs used to treat serious disorders. Although these processes can reduce a drug’s time to market, standard clinical testing is required for the development process, which usually involves three phases of large-scale and controlled trials.” Active oncology biotech and pharma companies in the markets this week include Oncolytics Biotech^®Inc. (NASDAQ: ONCY) (TSX: ONC), Mustang Bio, Inc. (NASDAQ: MBIO), Verastem Oncology (NASDAQ: VSTM), Cardiff Oncology, Inc. (NASDAQ: CRDF), AstraZeneca PLC (NASDAQ: AZN).

Grand View Research continued: “The increasing prevalence of life-threatening conditions and the necessity for the rapid development of pipeline drugs are also some factors that propel the breakthrough therapy drug market. This is primarily driven by the significant unmet need for effective treatments for severe conditions currently available. Manufacturing companies are particularly attentive to drugs designated as breakthrough therapies due to the accelerated market access and higher returns on investment. Breakthrough therapy drugs often undergo less extensive clinical trials, which is a direct consequence of their market designation. The FDA’s enhanced support for small-scale industries in research and development, including increased funding and expedited drug approval processes, is further stimulating the market for breakthrough therapy drugs. Collectively, these elements are pushing the breakthrough therapy drug market forward. Further, innovative gene and cell therapies are offering new treatment decisions for previously untreatable illnesses, mainly drifting to more breakthrough therapy designations. Moreover, the regulatory support agencies are streamlining processes and offering assistance for breakthrough therapies to speed up their development and sanction. Another aspect leading the breakthrough therapy designations is the cross-sector collaborations between academic institutions, pharmaceutical companies, and research institutes that are lifting the upgradation and the advancement of new breakthrough therapies completely.”

Oncolytics Biotech^®Inc. (NASDAQ: ONCY) (TSX: ONC) Highlights Transformative Pelareorep Survival Data in Multiple Tumors and Commitment to Registration-Enabling Studies
- Comparison with multiple landmark first-line metastatic pancreatic ductal adenocarcinoma studies substantiates strong two-year survival benefit of 21.9% vs. 9.2% historical benchmark
- Consistent survival benefit compared to standard-of-care chemotherapy in randomized studies in the large HR+/HER2- metastatic breast cancer indication
- Data from over 1,100 patients across tumor types reveals a favorable, well-understood safety profile
— Oncolytics Biotech ^® Inc. ($ONCY $ONC), a leading clinical-stage company specializing in immunotherapy for oncology, today announced a strategic update highlighting its compelling clinical data from two tumor types and outlining a sharpened focus on advancing pelareorep, the Company’s intravenously delivered oncolytic virus immunotherapy, into registration-enabling studies.

“We are no longer in the business of funding proof-of-concept studies,” said Jared Kelly, Chief Executive Officer of Oncolytics. “We have meaningful clinical data in hand—not just signals. The survival benefit across multiple tumor types demands a focused approach to take pelareorep directly into registration-enabling trials. We will use our fast-track status to find the most efficient regulatory path forward this summer to advance our platform in a product technology.”

Results from two completed first-line metastatic pancreatic ductal adenocarcinoma (mPDAC) trials demonstrate a strong and consistent efficacy signal showing extremely rare 2-year overall survival rates of 21.9% vs. 9.2% based on pooled data from over 100 patients across two studies evaluating pelareorep combined with a chemotherapy backbone. In addition, a best-in-class 62% objective response rate (ORR) was observed in a single-arm study of pelareorep in combination with a chemotherapy backbone and a checkpoint inhibitor in 13 evaluable patients. These results collectively represent promising efficacy for a therapeutic regimen that includes an immunotherapy in this difficult-to-treat cancer. Currently, there are no approved immunotherapies for first-line treatment of mPDAC…

…Pelareorep’s clinical activity in HR+/HER2- metastatic breast cancer – a large indication with continued significant unmet medical need and no currently approved immunotherapies – has been demonstrated in two randomized phase 2 studies, both of which showed a median overall survival (mOS) benefit of greater than 10 months compared to standard-of-care chemotherapy (IND.213 mOS: 21.0 vs. 10.8 months; BRACELET-1 mOS: not statistically reached; conservative estimate = 32.1 months vs. 18.2 months). In the randomized, controlled BRACELET-1 study, pelareorep combined with paclitaxel yielded a 12.1-month median progression-free survival (PFS) compared to 6.4 months in the paclitaxel alone control arm.

“Pelareorep represents a tipping point for immunotherapy in cold tumors,” said Dr. Thomas Heineman, Chief Medical Officer of Oncolytics. “It is delivering consistent immunologic and clinical responses in multiple tumor types. Most impressively, pelareorep activates the immune system to produce clinical benefits in cancers that are typically unresponsive to immunotherapies like mPDAC and unresectable HR+/HER2- breast cancer, creating new oncology entry points for immune-based combination therapies.” CONTINUED… Read these full press releases and more news for ONCY at: https://www.financialnewsmedia.com/news-oncy/

Other recent oncology developments in the biotech industry of note include:

Mustang Bio, Inc. (NASDAQ: MBIO), a clinical-stage biopharmaceutical company focused on translating today’s medical breakthroughs in cell therapies into potential cures for difficult-to-treat cancers, recently announced that the U.S. Food and Drug Administration (“FDA”) has granted Orphan Drug Designation to Mustang for MB-101 (IL13Ra2-targeted CAR T-cells) for the treatment of recurrent diffuse and anaplastic astrocytoma (astrocytomas) and glioblastoma (GBM).

The FDA grants Orphan Drug Designation to drugs and biologics that are intended for safe and effective treatment, diagnosis or prevention of rare diseases or disorders that affect fewer than 200,000 people in the U.S. Orphan Drug Designation provides certain incentives, such as tax credits toward the cost of clinical trials upon approval and prescription drug user fee waivers. If a product receives Orphan Drug Status from the FDA, that product is entitled to seven years of market exclusivity for the disease in which it has Orphan Drug designation, which is independent from intellectual property protection.

Verastem Oncology (NASDAQ: VSTM), a biopharmaceutical company committed to advancing new medicines for patients with RAS/MAPK pathway-driven cancers, recently announced that updated results from the Phase 1/2 FRAME study conducted by The Institute of Cancer Research, London, and The Royal Marsden NHS Foundation Trust were published online in Nature Medicine. The full manuscript, titled “Defactinib with avutometinib in patients with solid tumors: the phase 1 FRAME trial,” was the first-in-human study to evaluate the safety, tolerability, and efficacy of avutometinib in combination with defactinib in patients with low-grade serous ovarian cancer (LGSOC), non-small cell lung cancer (NSCLC), and other solid tumor types.

“The FRAME study was the early foundation for the recent FDA approval of avutometinib plus defactinib in KRAS-mutated recurrent low-grade serous ovarian cancer and we are pleased to see that the mature data set continues to show the safety and tolerability of this combination therapy,” said Dan Paterson, president and chief executive officer of Verastem Oncology. “This supports our ongoing commitment to advancing our research into the combination for use in other solid tumors, including RAMP 205 in first-line metastatic pancreatic cancer.”

Cardiff Oncology, Inc. (NASDAQ: CRDF), a clinical-stage biotechnology company leveraging PLK1 inhibition to develop novel therapies across a range of cancers, recently announced the company has appointed Roger Sidhu, MD, as Chief Medical Officer. Dr. Sidhu is a veteran executive and clinician with over 20 years of experience and a strong track record of success in oncology research, development, and regulatory strategy. Dr. Sidhu succeeds Dr. Fairooz Kabbinavar who will remain with the company in an advisory role. The company also announced it will share additional clinical data from its lead program in RAS-mutated mCRC on July 29, 2025.

“We are pleased to welcome Dr. Sidhu to lead the clinical program for onvansertib through the next phase of development. Dr. Sidhu is a respected clinician and seasoned executive with a proven track record of advancing innovative therapies through late-stage clinical development across multiple therapeutic areas including in first-line mCRC. As we move forward, we thank Dr. Kabbinavar for his leadership in progressing onvansertib’s clinical development across multiple tumor types,” said Mark Erlander, Chief Executive Officer of Cardiff Oncology. “In addition to today’s medical leadership transition, we are announcing our plan to share an update of clinical data from the ongoing CRDF-004 trial on July 29, at which point we expect to release a substantive dataset.”

AstraZeneca PLC (NASDAQ: AZN)‘s Imfinzi (durvalumab) has been approved in the European Union (EU) for the treatment of adult patients with resectable muscle-invasive bladder cancer (MIBC) in combination with gemcitabine and cisplatin as neoadjuvant treatment, followed by Imfinzi as monotherapy adjuvant treatment after radical cystectomy (surgery to remove the bladder).

The approval by the European Commission follows the positive opinion of the Committee for Medicinal Products for Human Use and is based on results from the NIAGARA Phase III trial, which were published in The New England Journal of Medicine.

In a planned interim analysis, the Imfinzi-based perioperative regimen demonstrated a statistically significant 32% reduction in the risk of disease progression, recurrence, not undergoing surgery, or death versus neoadjuvant chemotherapy with radical cystectomy alone (based on event-free survival [EFS] hazard ratio [HR] of 0.68; 95% confidence interval [CI] 0.56-0.82; p<0.0001). Estimated median EFS was not yet reached for the Imfinzi arm versus 46.1 months for the comparator arm. An estimated 67.8% of patients treated with the regimen were event free at two years compared to 59.8% in the comparator arm.

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SOURCE: FN Media Group

The MIL Network –
July 9, 2025
MIL-OSI: Primech A&P, a Subsidiary of Primech Holdings, Secures Major Contract Extension Worth Over $8.3 Million

Source: GlobeNewswire (MIL-OSI)

SINGAPORE, July 08, 2025 (GLOBE NEWSWIRE) — Primech A & P, a subsidiary of Primech Holdings Limited (the “Company”) (Nasdaq: PMEC), an established technology-driven facility services provider in the public and private sectors operating mainly in Singapore, today announced a 2-year contract extension valued at S$10,650,000 (US$8.3 million) providing comprehensive cleaning services at a renowned institution in Singapore.

This contract renewal, a significant revenue contribution for Primech Holdings’ award-winning facility services subsidiary, reinforces Primech A & P’s competitive positioning in Singapore’s institutional cleaning market. Primech A & P’s proven track record of delivering reliable, high-touch facilities services enabled the Company to retain major institutional clients and generate predictable, recurring revenue streams.

Ken Chang, Head of Operations at Primech A & P, stated, “This S$10.65 million contract extension validates our strategic focus on high-value institutional partnerships and demonstrates the strength of our service delivery model. The client’s decision to renew for an additional two years provides us with strong revenue visibility and reflects our ability to exceed performance expectations consistently. Primech A & P is a trusted partner in Singapore’s premium facility services market, and contract wins such as this support our continued growth trajectory.”

About Primech Holdings Limited

Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

Company Contact:
Email: ir@primech.com.sg

Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com

The MIL Network –

July 9, 2025
MIL-OSI: Primech A&P, a Subsidiary of Primech Holdings, Secures Major Contract Extension Worth Over $8.3 Million

Source: GlobeNewswire (MIL-OSI)

SINGAPORE, July 08, 2025 (GLOBE NEWSWIRE) — Primech A & P, a subsidiary of Primech Holdings Limited (the “Company”) (Nasdaq: PMEC), an established technology-driven facility services provider in the public and private sectors operating mainly in Singapore, today announced a 2-year contract extension valued at S$10,650,000 (US$8.3 million) providing comprehensive cleaning services at a renowned institution in Singapore.

This contract renewal, a significant revenue contribution for Primech Holdings’ award-winning facility services subsidiary, reinforces Primech A & P’s competitive positioning in Singapore’s institutional cleaning market. Primech A & P’s proven track record of delivering reliable, high-touch facilities services enabled the Company to retain major institutional clients and generate predictable, recurring revenue streams.

Ken Chang, Head of Operations at Primech A & P, stated, “This S$10.65 million contract extension validates our strategic focus on high-value institutional partnerships and demonstrates the strength of our service delivery model. The client’s decision to renew for an additional two years provides us with strong revenue visibility and reflects our ability to exceed performance expectations consistently. Primech A & P is a trusted partner in Singapore’s premium facility services market, and contract wins such as this support our continued growth trajectory.”

About Primech Holdings Limited

Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

Company Contact:
Email: ir@primech.com.sg

Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com

The MIL Network –

July 9, 2025
MIL-OSI: Primech A&P, a Subsidiary of Primech Holdings, Secures Major Contract Extension Worth Over $8.3 Million

Source: GlobeNewswire (MIL-OSI)

SINGAPORE, July 08, 2025 (GLOBE NEWSWIRE) — Primech A & P, a subsidiary of Primech Holdings Limited (the “Company”) (Nasdaq: PMEC), an established technology-driven facility services provider in the public and private sectors operating mainly in Singapore, today announced a 2-year contract extension valued at S$10,650,000 (US$8.3 million) providing comprehensive cleaning services at a renowned institution in Singapore.

This contract renewal, a significant revenue contribution for Primech Holdings’ award-winning facility services subsidiary, reinforces Primech A & P’s competitive positioning in Singapore’s institutional cleaning market. Primech A & P’s proven track record of delivering reliable, high-touch facilities services enabled the Company to retain major institutional clients and generate predictable, recurring revenue streams.

Ken Chang, Head of Operations at Primech A & P, stated, “This S$10.65 million contract extension validates our strategic focus on high-value institutional partnerships and demonstrates the strength of our service delivery model. The client’s decision to renew for an additional two years provides us with strong revenue visibility and reflects our ability to exceed performance expectations consistently. Primech A & P is a trusted partner in Singapore’s premium facility services market, and contract wins such as this support our continued growth trajectory.”

About Primech Holdings Limited

Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

Company Contact:
Email: ir@primech.com.sg

Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com

The MIL Network –

July 9, 2025
MIL-OSI: Primech A&P, a Subsidiary of Primech Holdings, Secures Major Contract Extension Worth Over $8.3 Million

Source: GlobeNewswire (MIL-OSI)

SINGAPORE, July 08, 2025 (GLOBE NEWSWIRE) — Primech A & P, a subsidiary of Primech Holdings Limited (the “Company”) (Nasdaq: PMEC), an established technology-driven facility services provider in the public and private sectors operating mainly in Singapore, today announced a 2-year contract extension valued at S$10,650,000 (US$8.3 million) providing comprehensive cleaning services at a renowned institution in Singapore.

This contract renewal, a significant revenue contribution for Primech Holdings’ award-winning facility services subsidiary, reinforces Primech A & P’s competitive positioning in Singapore’s institutional cleaning market. Primech A & P’s proven track record of delivering reliable, high-touch facilities services enabled the Company to retain major institutional clients and generate predictable, recurring revenue streams.

Ken Chang, Head of Operations at Primech A & P, stated, “This S$10.65 million contract extension validates our strategic focus on high-value institutional partnerships and demonstrates the strength of our service delivery model. The client’s decision to renew for an additional two years provides us with strong revenue visibility and reflects our ability to exceed performance expectations consistently. Primech A & P is a trusted partner in Singapore’s premium facility services market, and contract wins such as this support our continued growth trajectory.”

About Primech Holdings Limited

Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

Company Contact:
Email: ir@primech.com.sg

Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com

The MIL Network –

July 9, 2025
MIL-OSI: Top Las Vegas Loan Officer Leaves CrossCountry Mortgage, Boomerangs Back to Rate

Source: GlobeNewswire (MIL-OSI)

LAS VEGAS, July 08, 2025 (GLOBE NEWSWIRE) — Rate, a leading fintech company, today announced the return of top-producing Las Vegas loan originator Jia Mei Wang, who has officially boomeranged back to the company after a stint at CrossCountry Mortgage.

A seasoned mortgage professional since 2003, Wang originally spent six years with Rate before exploring other platforms. She now returns, citing the company’s unmatched technology and end-to-end support.

“After spending over half a decade at Rate in years prior, I was confident returning would be the right move,” said Wang. “The company’s technology platform makes it easier to close loans efficiently, which is critical when you’re focused on building long-term client relationships.”

In addition to her career as a loan originator, Wang is also President of the North America Shanghai Chamber of Commerce. Her decision to rejoin reflects the company’s continued strength in attracting and retaining top-tier talent focused on growth, service, and community leadership.

“Jia Mei is one of the top-producing loan officers in Las Vegas, and we’re excited to have her back,” said John Stewart, Rate Chief Production Officer, West. “She’s sharp, experienced, and deeply committed to her clients. She knows what it takes to deliver, and we’re proud to support her as she serves clients in Las Vegas and beyond.”

Her return expands Rate’s presence in Las Vegas and reinforces the company’s commitment to supporting high-performing originators with the tools, coaching, and infrastructure to thrive.

About Rate

Rate Companies is a leader in mortgage lending and digital financial services. Headquartered in Chicago, Rate has over 850 branches across all 50 states and Washington, D.C. Since its launch in 2000, Rate has helped more than 2 million homeowners with home purchase loans, refinances, and home equity loans. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates, and delivering unparalleled customer service. Recent honors and awards include: a Best Mortgage Lender of 2025 by Fortune; Best Mortgage Lender of 2025 for First-Time Homebuyers by Forbes; a Best Mortgage Lender of 2025 for FHA Loans, Home Equity Loans, and Lower Credit Scores by NerdWallet; Best Mortgage Lender of 2025 for Digital Experience and Down Payment Assistance by Motley Fool; Chicago Agent Magazine’s Lender of the Year for seven consecutive years. Visit rate.com for more information.

Contact

press@rate.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d70400a2-ae37-4214-a50b-87ba39f77f09

The MIL Network –

July 9, 2025
MIL-OSI: Gevo to Participate in Virtual Fireside Chat

Source: GlobeNewswire (MIL-OSI)

ENGLEWOOD, Colo., July 08, 2025 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) announced today that Leke Agiri, Gevo’s Chief Financial Officer, and Eric Frey, Gevo’s Vice President of Finance and Strategy, will participate in a virtual fireside chat on Wednesday, July 9, 2025 at 10:00am ET.

Investors and other persons interested in participating in the event must register using the link below.

Registration Link: https://www.renmarkfinancial.com/live-registration/renmark-virtual-non-deal-roadshow-nasdaq-gevo-LDnER-DQV-

About Gevo

Gevo is a next-generation diversified energy company committed to fueling America’s future with cost-effective, drop-in fuels that contribute to energy security, abate carbon, and strengthen rural communities to drive economic growth. Gevo’s innovative technology can be used to make a variety of renewable products, including synthetic aviation fuel (“SAF”), motor fuels, chemicals, and other materials that provide U.S.-made solutions. By investing in the backbone of rural America, Gevo’s business model includes developing, financing, and operating production facilities that create jobs and revitalize communities. Gevo owns and operates one of the largest dairy-based renewable natural gas (“RNG”) facilities in the United States, turning by-products into clean, reliable energy. We also operate an ethanol plant with an adjacent carbon capture and sequestration (“CCS”) facility, further solidifying America’s leadership in energy innovation. Additionally, Gevo owns the world’s first production facility for specialty alcohol-to-jet (“ATJ”) fuels and chemicals. Gevo’s market-driven “pay for performance” approach regarding carbon and other sustainability attributes, helps ensure value is delivered to our local economy. Through its Verity subsidiary, Gevo provides transparency, accountability, and efficiency in tracking, measuring and verifying various attributes throughout the supply chain. By strengthening rural economies, Gevo is working to secure a self-sufficient future and to make sure value is brought to the market.

For more information, see www.gevo.com.

Media Contact
Heather Manuel
Vice President of Stakeholder Engagement & Partnerships
PR@gevo.com

Investor Contact
Eric Frey, PhD
Vice President of Finance and Strategy
IR@Gevo.com

The MIL Network –

July 9, 2025
MIL-OSI: LPL Research Team Releases Midyear Outlook 2025: Pragmatic Optimism, Measured Expectations
Source: GlobeNewswire (MIL-OSI)

This annual report offers a comprehensive analysis of the economic and market environment, highlighting potential implications for investors and their portfolios

SAN DIEGO, July 08, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC today released its Midyear Outlook 2025: Pragmatic Optimism, Measured Expectations. Setting the tone for the second half of 2025, this report offers a comprehensive analysis of the economic and market environment, highlighting potential implications for investors and their portfolios.

The Midyear Outlook 2025 offers a grounded, data-driven view of where the economy and markets may be headed next. As we reach the halfway mark of the year, trends in income and savings underscore how markets are still recalibrating in response to persistent inflation, a more measured Federal Reserve stance, ongoing tariff uncertainties and the volatility that continues to ripple through global financial systems.

“Investors and policymakers will need to carefully evaluate the true economic impact of these policy shifts,” said Marc Zabicki, Chief Investment Officer at LPL Financial. “The base-case view is an economy that will begin to show more definitive adverse effects from trade policy with slower labor demand, weaker growth and an uptick in inflation.”

Key Highlights from the Midyear Outlook 2025
- Uncertainty in Markets & Evolving Policy: In the second half of the year, delayed effects of trade policy are expected to slow economic growth, soften labor demand and push inflation slightly higher. This challenging backdrop will likely keep the Federal Reserve in a cautious holding pattern on monetary policy for an extended period.
- The State of the U.S. Economy & Potential Risks: Debt concerns, trade uncertainty and a cautious Federal Reserve are likely to keep Treasury yields range-bound in the second half. With yields still elevated by historical standards, investors should focus on income generation through intermediate-term bonds. As the Fed eventually begins cutting short-term rates, declining cash yields will make bonds increasingly attractive for long-term income and portfolio stability.
- Investment Strategies in More Volatile Markets: The stock market’s outlook for the second half of the year will hinge on trade talks, AI developments, interest rate swings and tax policy. With valuations already pricing in much of the good news, gains may be modest. While volatility is expected in a tough macro environment, market pullbacks could offer smart opportunities to selectively add to equity positions.
- Potential Trends & Opportunities in the Second Half of 2025: With economic and policy uncertainty likely to persist, tactical portfolios should strike a balance between risk management and seizing emerging opportunities. Diversifying across asset classes, regions and alternatives can help enhance resilience. Staying alert during market volatility may present timely chances to add equity exposure at more favorable valuations.
“There’s also a strong likelihood that policy-driven uncertainty is past its high-water mark, and as it recedes, stability should gradually return, bringing with it plenty of new investment opportunities,” Zabicki added. “The environment we see ahead calls for balancing risk mitigation with proactive positioning for long-term upside opportunities—if you know where to look.”

Important Disclosures

Please see the LPL Financial Research Midyear Outlook 2025 for additional description and disclosure.

The opinions, statements and forecasts presented herein are general information only and are not intended to provide specific investment advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, please consult your financial professional prior to investing.

Any forward-looking statements including the economic forecasts may not develop as predicted and are subject to change based on future market and other conditions.

All indexes are unmanaged and cannot be invested into directly.

All performance referenced is historical and is not a guarantee of future results.

Investing involves risk including the loss of principal. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. Alternative investments may not be suitable for all investors and should be considered as an investment for the risk capital portion of the investor’s portfolio. The strategies employed in the management of alternative investments may accelerate the velocity of potential losses.

About LPL Financial

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC.

Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

Media Contact:
Media.relations@LPLFinancial.com
(402) 740-2047

Tracking #: 763507

The MIL Network –
July 9, 2025
MIL-OSI: LPL Research Team Releases Midyear Outlook 2025: Pragmatic Optimism, Measured Expectations
Source: GlobeNewswire (MIL-OSI)

This annual report offers a comprehensive analysis of the economic and market environment, highlighting potential implications for investors and their portfolios

SAN DIEGO, July 08, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC today released its Midyear Outlook 2025: Pragmatic Optimism, Measured Expectations. Setting the tone for the second half of 2025, this report offers a comprehensive analysis of the economic and market environment, highlighting potential implications for investors and their portfolios.

The Midyear Outlook 2025 offers a grounded, data-driven view of where the economy and markets may be headed next. As we reach the halfway mark of the year, trends in income and savings underscore how markets are still recalibrating in response to persistent inflation, a more measured Federal Reserve stance, ongoing tariff uncertainties and the volatility that continues to ripple through global financial systems.

“Investors and policymakers will need to carefully evaluate the true economic impact of these policy shifts,” said Marc Zabicki, Chief Investment Officer at LPL Financial. “The base-case view is an economy that will begin to show more definitive adverse effects from trade policy with slower labor demand, weaker growth and an uptick in inflation.”

Key Highlights from the Midyear Outlook 2025
- Uncertainty in Markets & Evolving Policy: In the second half of the year, delayed effects of trade policy are expected to slow economic growth, soften labor demand and push inflation slightly higher. This challenging backdrop will likely keep the Federal Reserve in a cautious holding pattern on monetary policy for an extended period.
- The State of the U.S. Economy & Potential Risks: Debt concerns, trade uncertainty and a cautious Federal Reserve are likely to keep Treasury yields range-bound in the second half. With yields still elevated by historical standards, investors should focus on income generation through intermediate-term bonds. As the Fed eventually begins cutting short-term rates, declining cash yields will make bonds increasingly attractive for long-term income and portfolio stability.
- Investment Strategies in More Volatile Markets: The stock market’s outlook for the second half of the year will hinge on trade talks, AI developments, interest rate swings and tax policy. With valuations already pricing in much of the good news, gains may be modest. While volatility is expected in a tough macro environment, market pullbacks could offer smart opportunities to selectively add to equity positions.
- Potential Trends & Opportunities in the Second Half of 2025: With economic and policy uncertainty likely to persist, tactical portfolios should strike a balance between risk management and seizing emerging opportunities. Diversifying across asset classes, regions and alternatives can help enhance resilience. Staying alert during market volatility may present timely chances to add equity exposure at more favorable valuations.
“There’s also a strong likelihood that policy-driven uncertainty is past its high-water mark, and as it recedes, stability should gradually return, bringing with it plenty of new investment opportunities,” Zabicki added. “The environment we see ahead calls for balancing risk mitigation with proactive positioning for long-term upside opportunities—if you know where to look.”

Important Disclosures

Please see the LPL Financial Research Midyear Outlook 2025 for additional description and disclosure.

The opinions, statements and forecasts presented herein are general information only and are not intended to provide specific investment advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, please consult your financial professional prior to investing.

Any forward-looking statements including the economic forecasts may not develop as predicted and are subject to change based on future market and other conditions.

All indexes are unmanaged and cannot be invested into directly.

All performance referenced is historical and is not a guarantee of future results.

Investing involves risk including the loss of principal. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. Alternative investments may not be suitable for all investors and should be considered as an investment for the risk capital portion of the investor’s portfolio. The strategies employed in the management of alternative investments may accelerate the velocity of potential losses.

About LPL Financial

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC.

Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

Media Contact:
Media.relations@LPLFinancial.com
(402) 740-2047

Tracking #: 763507

The MIL Network –
July 9, 2025
MIL-OSI: Community Bankshares, Inc. Revolutionizes Access to Capital and Speeds Up Loan Closures for Rural and Small Businesses
Source: GlobeNewswire (MIL-OSI)

LAGRANGE, Ga., July 08, 2025 (GLOBE NEWSWIRE) — At a time when business owners across the country are fighting against red tape and delays, Community Bankshares, Inc. is delivering where others stall – closing complex government-guaranteed loans in as little as 30 to 45 days. In the first half of 2025, the Georgia-based financial institution closed 57 SBA and USDA loans totaling $256,038,702, reinforcing its position as one of the fastest-moving mission-driven lenders in the nation. Community Bankshares is the holding company of Community Bank & Trust, Phoenix Lender Services, and Thomas Financial Group.

In Q2 2025 alone, the company closed:
- 25 SBA loans via Phoenix’s SBA team totaling $48,765,200 in 15 states.
- 10 USDA loans via Phoenix’s USDA team totaling $111,376,215 in 5 states.
- 2 USDA loans via Thomas Financial Group’s team totaling $24,715,000 in 2 states.
“We’re not just providing capital, we’re providing it quickly,” said Chris Hurn, President & CEO of Community Bankshares and Phoenix Lender Services. “Closing a government-guaranteed loan in 30 to 45 days isn’t just rare, it’s transformative. It means our clients can grow, hire, and build when it matters most.”

These record-setting Q2 results build on a powerful Q1, bringing Phoenix’s year-to-date total SBA loans closed to 41 loans for $70.6 million, and Phoenix’s total USDA loans closed to 14 loans for $160.7 million.

As of Q3 of the federal government’s fiscal year FY25 (October 1, 2024 through June 1, 2025), Community Bank & Trust (sister company of both Phoenix and Thomas Financial Group) ranks as the #36 Most Active SBA Lender in the Nation with 86 SBA loan approvals totaling $146,051,200. Even more impressively, CB&T remains the #1 SBA lender headquartered in Georgia, with nearly twice the production of the second place, in-state lender.

“Phoenix Lender Services and Thomas Financial Group have built a reputation on doing what others say can’t be done – fast closings, rural deals, food supply chain projects, and many more, all done with precision,” said Jeremy Gilpin, Chairman of Community Bankshares, Inc. and President and CEO of Community Bank & Trust. “We’re not just financing businesses, we’re building futures.”

Closing loans across 20 states and 1 U.S. territory year-to-date, Community Bankshares, Inc. is fueling growth in industries ranging from construction and energy to healthcare, franchising, and logistics. Recent highlights include:
- USDA Commercial – Agriculture Scientific: A South Carolina-based Sustainable Agriculture Project creating high-tech jobs, boosting food security, reducing dependence on imported produce, and reducing carbon emissions.
- SBA 7(a) – Comprehensive Therapy Children’s Center: SBA 7(a) loan enabled a successful ownership transition for this trusted pediatric therapy clinic in Canton, Georgia, ensuring continued care for children with developmental and neurological needs.
- Bridge Lending – Hospitality Project: Closed Over $34 Million in Bridge Loans for USDA B&I loan takeouts in under 40 days.
“Community Bank and Trust’s professionalism and support during the loan process was beyond perfect,” said Tammy Knoop, Owner of Bel-Mar Lanes. “Their kindness and easy mannered approach is a gift.”

“Thomas Financial Group was instrumental in our acquisition of The National Exchange Hotel and the Holbrooke Hotel—not just because they understood the nuances of hospitality lending, but because they delivered when time was critical. Under a tight deadline, they demonstrated incredible speed, efficiency, and unwavering commitment. Their ability to move decisively while maintaining a personal, solutions-oriented approach sets them apart. In a world where delays can derail opportunity, their partnership made all the difference,” said James Gould, Principal at Horizon Hotel Group.

About Community Bankshares, Inc.
Community Bankshares, Inc. is transforming access to capital for small businesses and rural America. Through its subsidiaries – Phoenix Lender Services; Thomas Financial Group; and Community Bank & Trust – the company delivers customized SBA, USDA, and commercial lending services nationwide. Our mission is rooted in empowering local economies, preserving family-run businesses, and supporting job creation through bold, fast, and impactful lending.

About Phoenix Lender Services
Phoenix Lender Services is a nationwide leader in government-guaranteed lending operations, offering full-service loan origination, underwriting, servicing, and regulatory support. PHX specializes in SBA and USDA loans and acts as a trusted Lender Service Provider (LSP) for banks and credit unions across the country.

About Thomas Financial Group
Thomas Financial Group is a high-performance USDA and commercial loan originator, offering sophisticated financing solutions for complex business, hotel, infrastructure, and development projects, particularly in rural or underserved areas.

About Community Bank & Trust
Based in LaGrange, GA, Community Bank & Trust provides personalized financial services to individuals and businesses across the Southeast and nationwide. As the top-producing SBA lender headquartered in Georgia, CB&T is committed to expanding access to capital and economic opportunity in communities of all sizes.

MEDIA CONTACT:
Abigail Davison
Uproar by Moburst for Community Bankshares, Inc.
abigail.davison@moburst.com

The MIL Network –
July 9, 2025
MIL-OSI: Fundbox Opens New York City Office, Expanding Capital Infrastructure Footprint

Source: GlobeNewswire (MIL-OSI)

NEW YORK, July 08, 2025 (GLOBE NEWSWIRE) — Fundbox, the leading capital infrastructure provider for the digital SMB economy, today announced the opening of its New York City office. Located in the Meatpacking District, the new office underscores Fundbox’s continued investment in expanding its reach within one of the world’s most important financial centers.

Since its founding in 2013, Fundbox has reimagined access to capital by integrating directly into the SMB platforms that business owners already use. With more than $6 billion in capital unlocked for over 150,000 SMBs, Fundbox continues to lead the industry in enabling fast, seamless access to capital.

“Opening a New York City office represents a meaningful next chapter in Fundbox’s journey,” said Anchit Singh, Chief Business Officer at Fundbox. “As we deepen our relationships with key platform partners, the NYC office positions us to better serve our growing partner ecosystem and attract top talent in product, engineering, and finance. This expansion is a tangible reflection of our commitment to scaling the capital infrastructure needed to power the next decade of SMB innovation.”

In addition to Fundbox’s presence in San Francisco, Dallas, Tel Aviv, and Tbilisi, the New York City location will serve as a strategic hub for cross-functional collaboration and business development. Situated in a key financial market, it brings Fundbox closer to platform partners, investors, and capital providers. This move complements the company’s broader momentum as a full-stack capital engine delivering embedded capital products across vertical SaaS, commerce, accounting, and payments ecosystems.

About Fundbox
Fundbox is the pioneer of embedded capital products for SMBs, offering fast, simple access to credit through the tools businesses already use. Since 2013, Fundbox has helped over 150,000 small businesses unlock more than $6 billion in capital. As a leading capital infrastructure provider behind the digital SMB economy, Fundbox is focused on enabling platforms to embed financial tools directly into their user experiences.

For press inquiries, please contact fundbox@avenuez.com

The MIL Network –

July 9, 2025
MIL-OSI: Satellogic Announces Inclusion in Russell 3000® Index

Source: GlobeNewswire (MIL-OSI)

NEW YORK, July 08, 2025 (GLOBE NEWSWIRE) — Satellogic, Inc. (NASDAQ: SATL), a leader in satellite manufacturing and high-resolution Earth observation data, today announced that it has been added as a member of the U.S. small-cap Russell 3000^® Index, effective after market close on June 27, 2025 as part of the 2025 Russell indexes constitution.

The Russell 3000^® Index is a comprehensive, market-capitalization-weighted index that measures the performance of the 3,000 largest U.S. public companies. Membership in this widely recognized index means automatic inclusion in either the large-cap Russell 1000^® Index or small-cap Russell 2000^® Index, as well as the appropriate growth and value style indexes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies.

Inclusion in the Russell 3000^® Index marks a significant milestone for Satellogic, aligning our capital markets presence with the company’s sustained growth and progress as a leader in the earth observation and satellite manufacturing industry. This addition is expected to enhance Satellogic’s visibility within the investment community, providing greater exposure to institutional investors and increasing liquidity for its shares. It further underscores Satellogic’s strong fundamentals and business performance, validating its vertically integrated approach to democratizing access to high-resolution Earth Observation data. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies.

“We are incredibly honored to join the Russell 3000 Index,” said Emiliano Kargieman, CEO & Co-Founder of Satellogic. “This inclusion is a testament to our team’s dedication, the robust performance of our scalable Earth Observation platform, and our commitment to delivering accessible and affordable insights to customers worldwide. We believe this will significantly increase our visibility among a broader base of institutional investors, supporting our continued growth and our mission to help solve some of the world’s most pressing challenges, from climate change to energy supply and national security. We look forward to this new chapter and the opportunities it presents for our shareholders.”

About Satellogic

Founded in 2010 by Emiliano Kargieman and Gerardo Richarte, Satellogic (NASDAQ: SATL) is the first vertically integrated geospatial company, driving real outcomes with planetary-scale insights. Satellogic is creating and continuously enhancing the first scalable, fully automated EO platform with the ability to remap the entire planet at both high-frequency and high-resolution, providing accessible and affordable solutions for customers. Satellogic’s mission is to democratize access to geospatial data through its information platform of high-resolution images to help solve the world’s most pressing problems including climate change, energy supply, and food security. Using its patented Earth imaging technology, Satellogic unlocks the power of EO to deliver high-quality, planetary insights at the lowest cost in the industry. With more than a decade of experience in space, Satellogic has proven technology and a strong track record of delivering satellites to orbit and high-resolution data to customers at the right price point. To learn more, please visit: http://www.satellogic.com

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on Satellogic’s current expectations and beliefs concerning future developments and their potential effects on Satellogic. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. These statements are based on various assumptions, whether or not identified in this press release. These forward-looking statements are provided for illustrative purposes only and are not intended to serve, and must not be relied on by an investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Satellogic. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) our ability to generate revenue as expected, including due to challenges created by macroeconomic concerns, geopolitical uncertainty (e.g., trade relationships), financial market fluctuations and related factors, (ii) our ability to effectively market and sell our EO services and to convert contracted revenues and our pipeline of potential contracts into actual revenues, (iii) risks related to the secured convertible notes, (iv) the potential loss of one or more of our largest customers, (v) the considerable time and expense related to our sales efforts and the length and unpredictability of our sales cycle, (vi) risks and uncertainties associated with defense-related contracts, (vii) risk related to our pricing structure, (viii) our ability to scale production of our satellites as planned, (ix) unforeseen risks, challenges and uncertainties related to our expansion into new business lines, (x) our dependence on third parties, including SpaceX, to transport and launch our satellites into space, (xi) our reliance on third-party vendors and manufacturers to build and provide certain satellite components, products, or services and the inability of these vendors and manufacturers to meet our needs, (xii) our dependence on ground station and cloud-based computing infrastructure operated by third pirates for value-added services, and any errors, disruption, performance problems, or failure in their or our operational infrastructure, (xiii) risk related to certain minimum service requirements in our customer contracts, (xiv) market acceptance of our EO services and our dependence upon our ability to keep pace with the latest technological advances, including those related to artificial intelligence and machine learning, (xv) our ability to identify suitable acquisition candidates or consummate acquisitions on acceptable terms, or our ability to successfully integrate acquisitions, (xvi) competition for EO services, (xvii) challenges with international operations or unexpected changes to the regulatory environment in certain markets, (xviii) unknown defects or errors in our products, (xix) risk related to the capital-intensive nature of our business and our ability to raise adequate capital to finance our business strategies, (xx) uncertainties beyond our control related to the production, launch, commissioning, and/or operation of our satellites and related ground systems, software and analytic technologies, (xxi) the failure of the market for EO services to achieve the growth potential we expect, (xxii) risks related to our satellites and related equipment becoming impaired, (xxiii) risks related to the failure of our satellites to operate as intended, (xxiv) production and launch delays, launch failures, and damage or destruction to our satellites during launch, (xxv) the impact of natural disasters, unusual or prolonged unfavorable weather conditions, epidemic outbreaks, terrorist acts and geopolitical events (including the ongoing conflicts between Russia and Ukraine, in the Gaza Strip and the Red Sea region) on our business and satellite launch schedules and (xxvi) the anticipated benefits of the domestication may not materialize. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Satellogic’s Annual Report on Form 10-K and other documents filed or to be filed by Satellogic from time to time with the Securities and Exchange Commission. These filings 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. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Satellogic assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Satellogic can give no assurance that it will achieve its expectations.

Contacts

Investor Relations:

Ryan Driver, VP of Strategy & Corporate Development

ryan.driver@Satellogic.com

Media Relations:

Satellogic

pr@Satellogic.com

The MIL Network –

July 9, 2025
MIL-OSI Economics: IMCA delegation briefs European Parliament and European Commission on marine contractors’ vital role in securing critical offshore infrastructure

Source: International Marine Contractors Association – IMCA

Headline: IMCA delegation briefs European Parliament and European Commission on marine contractors’ vital role in securing critical offshore infrastructure

IMCA delegation briefs European Parliament and European Commission

News

A delegation of senior IMCA representatives briefed Members of the European Parliament (MEPs) and senior representatives from the European Commission at a lunchtime briefing on the marine contracting sector’s essential role in securing critical offshore infrastructure.

The event, hosted by Walter Beke MEP at the end of June, continued IMCA’s ongoing work to inform elected representatives and civil servants of the offshore contracting sector’s critical role as a strategic enabler of Europe’s energy and climate ambitions.

The interest among EU audiences was strong, with 13 MEPs in attendance from the European Parliament’s Security, Energy, and Transport Committees, and from the Seas, Rivers, Islands & Coastal Areas (SEArica) intergroup. They were joined by two senior officials from the European Commission, and two representatives from EU member states, testament to the growing importance of this topic.

Submarine communication cables carry 99% of inter-continental internet traffic, while submarine electricity cables are key to energy security, connecting electricity markets and bringing offshore renewable energy to shore.

However, Mr Beke welcomed guests to the briefing, held under the title ‘securing critical offshore and underwater infrastructures’, by outlining the growing threat to this marine infrastructure from malicious actors.

In his welcome address, IMCA President Luca Gentili, from the global contractor SAIPEM, outlined the essential role of Europe’s marine contractors in delivering a “safe, more sustainable energy mix”, and pledged that IMCA “through its technical work, and as an advisor to regulators and governments” stood ready to “contribute to the security of Europe”.

The meeting then heard two presentations, from IMCA CEO Iain Grainger on protecting undersea infrastructure, and from IMCA Director of Strategy and Energy Transition Lee Billingham, who outlined the findings of IMCA’s recent Economic Impact Assessment, authored by PA Consulting.

Brussels 2025

They were supported with insight from IMCA Vice-President Hugo Bouvy from DEME Offshore, Michel Hendriks from IMCA Board member Heerema, Jack Wattel from IMCA Board member N-Sea, and by IMCA Head of Communications Patrick Clift.

Iain outlined the scale of Europe’s undersea infrastructure, which includes 1,200 active oil and gas facilities, 20,000km of oil and gas pipelines, and over 10,000km of cables. The EU’s target to generate 300GW of offshore renewable energy by 2050 could necessitate the construction of an additional 20,000 wind turbines, dramatically increasing the amount of infrastructure that could be targeted by saboteurs.

The owners of telecoms cables have mature strategies in place to manage repairs – including through cooperative agreements such as ACMA, a non-profit cooperative subsea maintenance agreement of nearly 60 members that has three repair vessels on permanent standby in North America, the Caribbean, the North Sea, and West Africa, and MECMA, a similar body covering the Mediterranean region.

However, power cables are much more challenging to repair at speed, Iain said, given the absence of such ‘repair clubs’, and the additional complexity of fixing them.

Iain highlighted that Europe’s offshore sector had 61 vessels capable of laying and repairing cables, more than any other country or region in the world. To enable the fleet to invest and play its part in protecting undersea infrastructure, he highlighted:

Presenting the results of IMCA’s Economic Impact Assessment, Lee Billingham outlined that the European marine contracting industry was a world leading, highly specialised fleet of vessels that are critical to meeting Europe’s clean energy ambitions. Using the example of Dogger Bank A in the North Sea, he illustrated that it required 49 individual vessels, each including specialised workers and equipment, to install a single 1.2GW wind farm.

Citing data from Clarksons, he said that Europe’s fleet comprises around 3,490 vessels, 26% of the 13,372 vessels in the global fleet, and twice the percentage of the next largest regional block, China, which has 13% of the total.

As well as enabling the development of all offshore energy infrastructure, including carbon capture and storage, he revealed that the European marine contracting sector is expected to provide over 490,000 skilled jobs and contribute over €80bn in economic value this year, including indirect effects, in the EU, Norway, and the UK, as well as €15bn in taxes. Its wider contribution includes driving investment in port infrastructure, supporting European energy security, and facilitating international data exchange.

IMCA finished the meeting by delivering a call for EU institutions to:

Offshore sector contribution

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MIL OSI Economics –

July 9, 2025
MIL-OSI Economics: IMCA delegation briefs European Parliament and European Commission on marine contractors’ vital role in securing critical offshore infrastructure

Source: International Marine Contractors Association – IMCA

Headline: IMCA delegation briefs European Parliament and European Commission on marine contractors’ vital role in securing critical offshore infrastructure

IMCA delegation briefs European Parliament and European Commission

News

A delegation of senior IMCA representatives briefed Members of the European Parliament (MEPs) and senior representatives from the European Commission at a lunchtime briefing on the marine contracting sector’s essential role in securing critical offshore infrastructure.

The event, hosted by Walter Beke MEP at the end of June, continued IMCA’s ongoing work to inform elected representatives and civil servants of the offshore contracting sector’s critical role as a strategic enabler of Europe’s energy and climate ambitions.

The interest among EU audiences was strong, with 13 MEPs in attendance from the European Parliament’s Security, Energy, and Transport Committees, and from the Seas, Rivers, Islands & Coastal Areas (SEArica) intergroup. They were joined by two senior officials from the European Commission, and two representatives from EU member states, testament to the growing importance of this topic.

Submarine communication cables carry 99% of inter-continental internet traffic, while submarine electricity cables are key to energy security, connecting electricity markets and bringing offshore renewable energy to shore.

However, Mr Beke welcomed guests to the briefing, held under the title ‘securing critical offshore and underwater infrastructures’, by outlining the growing threat to this marine infrastructure from malicious actors.

In his welcome address, IMCA President Luca Gentili, from the global contractor SAIPEM, outlined the essential role of Europe’s marine contractors in delivering a “safe, more sustainable energy mix”, and pledged that IMCA “through its technical work, and as an advisor to regulators and governments” stood ready to “contribute to the security of Europe”.

The meeting then heard two presentations, from IMCA CEO Iain Grainger on protecting undersea infrastructure, and from IMCA Director of Strategy and Energy Transition Lee Billingham, who outlined the findings of IMCA’s recent Economic Impact Assessment, authored by PA Consulting.

Brussels 2025

They were supported with insight from IMCA Vice-President Hugo Bouvy from DEME Offshore, Michel Hendriks from IMCA Board member Heerema, Jack Wattel from IMCA Board member N-Sea, and by IMCA Head of Communications Patrick Clift.

Iain outlined the scale of Europe’s undersea infrastructure, which includes 1,200 active oil and gas facilities, 20,000km of oil and gas pipelines, and over 10,000km of cables. The EU’s target to generate 300GW of offshore renewable energy by 2050 could necessitate the construction of an additional 20,000 wind turbines, dramatically increasing the amount of infrastructure that could be targeted by saboteurs.

The owners of telecoms cables have mature strategies in place to manage repairs – including through cooperative agreements such as ACMA, a non-profit cooperative subsea maintenance agreement of nearly 60 members that has three repair vessels on permanent standby in North America, the Caribbean, the North Sea, and West Africa, and MECMA, a similar body covering the Mediterranean region.

However, power cables are much more challenging to repair at speed, Iain said, given the absence of such ‘repair clubs’, and the additional complexity of fixing them.

Iain highlighted that Europe’s offshore sector had 61 vessels capable of laying and repairing cables, more than any other country or region in the world. To enable the fleet to invest and play its part in protecting undersea infrastructure, he highlighted:

Presenting the results of IMCA’s Economic Impact Assessment, Lee Billingham outlined that the European marine contracting industry was a world leading, highly specialised fleet of vessels that are critical to meeting Europe’s clean energy ambitions. Using the example of Dogger Bank A in the North Sea, he illustrated that it required 49 individual vessels, each including specialised workers and equipment, to install a single 1.2GW wind farm.

Citing data from Clarksons, he said that Europe’s fleet comprises around 3,490 vessels, 26% of the 13,372 vessels in the global fleet, and twice the percentage of the next largest regional block, China, which has 13% of the total.

As well as enabling the development of all offshore energy infrastructure, including carbon capture and storage, he revealed that the European marine contracting sector is expected to provide over 490,000 skilled jobs and contribute over €80bn in economic value this year, including indirect effects, in the EU, Norway, and the UK, as well as €15bn in taxes. Its wider contribution includes driving investment in port infrastructure, supporting European energy security, and facilitating international data exchange.

IMCA finished the meeting by delivering a call for EU institutions to:

Offshore sector contribution

Download our brochure to learn more

We may use anonymised cookies for some functionality on this site. With your consent, we would also like to use tracking to improve our online offering. Find out more.

Your cart has been updated

Course type:

Format:

Location:

Contact:

Link copied to clipboard!

MIL OSI Economics –

July 9, 2025
MIL-OSI Economics: New Development Bank and State Grid Brazil Holding Sign Memorandum of Understanding to Boost Brazil’s Energy Capacity

Source: New Development Bank

Rio de Janeiro, Brazil – On July 3, 2025, the New Development Bank (NDB) signed a Memorandum of Understanding with State Grid Brazil Holding (SGBH), with the aim of enhancing electricity transmission capacity in Brazil, to meet the immediate needs of the nation’s power sector.

The signing of this Memorandum took place on the sidelines of NDB’s 10th Annual Meeting, held on July 4 and 5 in Rio de Janeiro.

The project, known as the Graca Aranha Silvania Transmissora de Energia (“GATE”), will be implemented by a subsidiary of SGBH.

The implementation of the GATE Project will address immediate needs of the electricity sector in Brazil – increasing power transmission capacity, decongesting the transmission corridor, reducing curtailment of existing renewable energy projects, and enabling investments in future wind and solar projects in the Northeast region of Brazil, and hence leading to a more diversified electricity mix in the country.

Out of the total project capex of around BRL 18 billion, more than two-thirds will be sourced from Brazil, thereby significantly promoting economic and social development, by creating more than 10,000 employment opportunities during construction, in the Northeast (Maranhão and Tocantins) and the Center-West (Goiás) regions of the country.

NDB is considering financing the Project in Chinese renminbi, with an estimated amount of RMB 2,150 million (approximately USD 300 million). The loan demonstrates NDB’s commitment to expanding non-sovereign operations and increasing cross-border use of its member countries’ currencies, as envisaged in NDB’s General Strategy.

“The GATE project signifies a leap in cooperation among NDB member countries and promotes the use of local currencies. When signed, this will be our second cross-border RMB-denominated loan, which will leverage Brazil’s clean energy potential to address urgent electricity demands and benefit millions or people while generating new jobs,” said H.E. Mrs. Dilma Rousseff, President of NDB. “By expanding investments in green infrastructure, renewable energy, and sustainable development projects, the New Development Bank aims to support Brazil in achieving its climate goals.”

This strategic partnership marks a significant step toward a more sustainable and efficient energy landscape in Brazil, aligning with NDB’s commitment to supporting development initiatives that foster economic growth and environmental sustainability.

Since its inception in 2015, NDB has approved 29 projects in Brazil alone with USD 7 billion in approved financing. These projects are spread across several states and municipalities in Brazil, helping improve clean energy, transport, water and sanitation, and social infrastructure. NDB also has a growing portfolio of private sector loans in the country.

Background Information

NDB was established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging market economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development.

MIL OSI Economics –

July 9, 2025
MIL-OSI Economics: New Development Bank and State Grid Brazil Holding Sign Memorandum of Understanding to Boost Brazil’s Energy Capacity

Source: New Development Bank

Rio de Janeiro, Brazil – On July 3, 2025, the New Development Bank (NDB) signed a Memorandum of Understanding with State Grid Brazil Holding (SGBH), with the aim of enhancing electricity transmission capacity in Brazil, to meet the immediate needs of the nation’s power sector.

The signing of this Memorandum took place on the sidelines of NDB’s 10th Annual Meeting, held on July 4 and 5 in Rio de Janeiro.

The project, known as the Graca Aranha Silvania Transmissora de Energia (“GATE”), will be implemented by a subsidiary of SGBH.

The implementation of the GATE Project will address immediate needs of the electricity sector in Brazil – increasing power transmission capacity, decongesting the transmission corridor, reducing curtailment of existing renewable energy projects, and enabling investments in future wind and solar projects in the Northeast region of Brazil, and hence leading to a more diversified electricity mix in the country.

Out of the total project capex of around BRL 18 billion, more than two-thirds will be sourced from Brazil, thereby significantly promoting economic and social development, by creating more than 10,000 employment opportunities during construction, in the Northeast (Maranhão and Tocantins) and the Center-West (Goiás) regions of the country.

NDB is considering financing the Project in Chinese renminbi, with an estimated amount of RMB 2,150 million (approximately USD 300 million). The loan demonstrates NDB’s commitment to expanding non-sovereign operations and increasing cross-border use of its member countries’ currencies, as envisaged in NDB’s General Strategy.

“The GATE project signifies a leap in cooperation among NDB member countries and promotes the use of local currencies. When signed, this will be our second cross-border RMB-denominated loan, which will leverage Brazil’s clean energy potential to address urgent electricity demands and benefit millions or people while generating new jobs,” said H.E. Mrs. Dilma Rousseff, President of NDB. “By expanding investments in green infrastructure, renewable energy, and sustainable development projects, the New Development Bank aims to support Brazil in achieving its climate goals.”

This strategic partnership marks a significant step toward a more sustainable and efficient energy landscape in Brazil, aligning with NDB’s commitment to supporting development initiatives that foster economic growth and environmental sustainability.

Since its inception in 2015, NDB has approved 29 projects in Brazil alone with USD 7 billion in approved financing. These projects are spread across several states and municipalities in Brazil, helping improve clean energy, transport, water and sanitation, and social infrastructure. NDB also has a growing portfolio of private sector loans in the country.

Background Information

NDB was established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging market economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development.

MIL OSI Economics –

July 9, 2025
MIL-OSI Submissions: Universities in every state care for congressional papers that document US political history − federal cuts put their work at risk

Source: The Conversation – USA – By Katherine Gregory, Assistant Professor, University Libraries, Mississippi State University

The papers of members of Congress are fertile ground for research into Congress’ role in shaping U.S. history. cunfek, iStock/Getty Images Plus

In 1971, the president of Mississippi State University, Dr. William L. Giles, invited President Richard Nixon to attend the dedication of U.S. Sen. John C. Stennis’ papers to the university library’s archives.

Nixon declined, but the Republican president sent a generous note in support of the veteran Democrat Stennis.

“Future students and scholars who study there will … familiarize themselves with the outstanding record of a U.S. Senator whose … judgment in complex areas of national security have been a source of strength and comfort to those who have led this Nation and to all who are concerned in preserving the freedom we cherish.”

Nixon’s prediction came true, perhaps ironically, considering the legal troubles over his own papers during the Watergate crisis. Congress passed the Presidential Records Act of 1978 after Nixon resigned.

Stennis’ gift to his alma mater caused a windfall of subsequent congressional donations to what is now the Mississippi Political Collections at Mississippi State University Libraries.

Now, 55 years later, Mississippi State University holds a body of records from a bipartisan group of officials that has positioned it to tell a major part of the state’s story in national and global politics. That story is told to over 100 patrons and dozens of college and K-12 classes each year.

The papers are fertile ground for scholarly research into Congress’ role in shaping U.S. history, with its extraordinary powers over lawmaking, the economy and one of the world’s largest militaries.

Mississippi State University, where I work as an assistant professor and director of the Mississippi Political Collections, is not alone in providing such a rich source of history. It is part of a national network of universities that hold and steward congressional papers.

But support for this stewardship is in jeopardy. With the White House’s proposed elimination of independent granting agencies such as the National Endowment for the Humanities and the Institute of Museum and Library Services, it is unclear what money will be available for this work in the future.

A 1963 letter from Sen. John Stennis to a constituent about agricultural legislation and also Russians in Cuba.
Mississippi State University

From research to public service

Mississippi State University’s building of an expansive political archive is neither unique nor a break from practices by our national peers:

• The Richard Russell Library for Political Research and Studies at the University of Georgia – named after the U.S. senator from Georgia from 1933 to 1971 – has grown since its founding in 1974 into one of America’s premier research libraries of political history, with more than 600 manuscript collections and an extensive oral history collection.

• Iowa Sen. Tom Harkin donated his papers to Drake University to form The Harkin Institute, which memorializes Harkin’s role as chief sponsor of the Americans with Disabilities Act through disability policy research and education.

• Sens. Robert and Elizabeth Dole’s papers are the bedrock of the Dole Institute of Politics at Kansas University.

• In 2023, retiring Sens. Richard Shelby and Patrick Leahy donated their archives – Shelby to the University of Alabama and Leahy to the University of Vermont.

By lending their papers and relative political celebrity, members of Congress have laid the groundwork for repositories like these to promote policy research to enable local and state governments to shape legislation on issues central to their states.

More complete history

When the repositories are at universities, they also provide educational programming that encourages public service for the next generations.

At Mississippi State University, the John C. Stennis Institute for Government and Community Development sponsors an organization that allows students to learn about government, voting, organizing and potential careers on Capitol Hill with trips to Washington, D.C.

Depositing congressional papers in states and districts, to be cared for by professional archivists and librarians, extends the life of the records and expands their utility.

When elected officials give their papers to their constituents, they ensure the public can see and use the papers. This is a way of returning their history to them, while giving them the power to assemble a more complete, independent version of their political history. While members of Congress are not required by law to donate their papers, they passed a bipartisan concurrent resolution in 2008 encouraging the practice.

Users of congressional archives range from historians to college students, local investigative journalists, political memoirists and documentary filmmakers. In advance of the 2020 election, we contributed historical materials to CNN’s reporting on Joe Biden’s controversial relationship with the Southern bloc of segregationist senators in his early Senate years.

A copy of a letter from U.S. Rep. Carl Albert of Oklahoma, who ultimately became the 46th speaker of the U.S. House of Representatives.
Carl Albert Center Congressional and Political Collections, University of Oklahoma

Preserving the archives

While the results contribute to the humanities, the process of archival preservation and management is as complex a science as any other.

“Congressional records” is a broad term that encompasses many formats such as letters, diaries, notes, meeting minutes, speech transcripts, guestbooks and schedules.

They also include ephemera such as campaign bumper stickers, military medals and even ceremonial pieces of the original U.S. Capitol flooring. They contain rare photographs of everything from natural disaster damage to state dinners and legacy audiovisual materials such as 8 mm film, cassette tapes and vinyl records. Members of Congress also have donated their libraries of hundreds of books.

Archival preservation is a constantly evolving science. Only in the mid-20th century was the acid-free box developed to arrest the deterioration of paper records. After the advent of film-based photographs, archivists later learned to keep them away from light and heat, and they observed that audiovisual materials such as 8mm tape decompose from acid decay quickly if not stored in proper conditions.

Alongside preservation work comes the task of inventorying the records for public use. Archivists write finding aids – itemized, searchable catalogs of the records – and create metadata, which describes items in terms of size, creation date and location.

Future congressional papers will include born-digital content such as email and social media. This means traditional archiving will give way to digital preservation and data management. Federal law mandates that digital records have alt-text and transcription, and they need specialized expertise in file storage and data security because congressional papers often contain case files with sensitive personal data.

With congressional materials often clocking in at hundreds or thousands of linear feet, emerging artificial intelligence and automation technologies will usher this field into a new era, with AI speeding metadata and cataloging work to deliver usable records for researchers faster than ever.

No more funding?

All of this work takes money; most of it takes staff time. Institutions meet these needs through federal grants – the very grants at risk from the Trump administration’s proposed elimination of the agencies that administer them.

For example, West Virginia University has been awarded over $400,000 since 2021 from the National Endowment for the Humanities for the American Congress Digital Archives Portal project, a website that centralizes digitized congressional records at the university and a growing list of partners such as the University of Hawaii and the University of Oklahoma.

Past federal grants have funded other congressional papers projects, from basic supply needs such as folders to more complex repair of film and tape.

The Howard Baker Center for Public Policy at the University of Tennessee used National Endowment for the Humanities funds to purchase specialized supplies needed to store the papers of its namesake, the Republican senator who also served as chief of staff to President Ronald Reagan.

National Endowment for the Humanities funds helped process U.S. Rep. Pat Williams’ papers at the University of Montana, resulting in a searchable finding aid for the 87 boxes of records documenting the Montana Democrat’s 18 years in Congress.
President Franklin D. Roosevelt said, “I have an unshaken conviction that democracy can never be undermined if we maintain our library resources and a national intelligence capable of utilizing them.”

With the current threat to federal grants – and agencies – that pay for the crucial work of stewarding these congressional papers, it appears that these records of democracy may no longer play their role in supporting that democracy.

Katherine Gregory received funding from the National Endowment for the Humanities and is a member of the Society of American Archivists.

– ref. Universities in every state care for congressional papers that document US political history − federal cuts put their work at risk – https://theconversation.com/universities-in-every-state-care-for-congressional-papers-that-document-us-political-history-federal-cuts-put-their-work-at-risk-256053

MIL OSI –

July 9, 2025
MIL-OSI Submissions: Universities in every state care for congressional papers that document US political history − federal cuts put their work at risk

Source: The Conversation – USA – By Katherine Gregory, Assistant Professor, University Libraries, Mississippi State University

The papers of members of Congress are fertile ground for research into Congress’ role in shaping U.S. history. cunfek, iStock/Getty Images Plus

In 1971, the president of Mississippi State University, Dr. William L. Giles, invited President Richard Nixon to attend the dedication of U.S. Sen. John C. Stennis’ papers to the university library’s archives.

Nixon declined, but the Republican president sent a generous note in support of the veteran Democrat Stennis.

“Future students and scholars who study there will … familiarize themselves with the outstanding record of a U.S. Senator whose … judgment in complex areas of national security have been a source of strength and comfort to those who have led this Nation and to all who are concerned in preserving the freedom we cherish.”

Nixon’s prediction came true, perhaps ironically, considering the legal troubles over his own papers during the Watergate crisis. Congress passed the Presidential Records Act of 1978 after Nixon resigned.

Stennis’ gift to his alma mater caused a windfall of subsequent congressional donations to what is now the Mississippi Political Collections at Mississippi State University Libraries.

Now, 55 years later, Mississippi State University holds a body of records from a bipartisan group of officials that has positioned it to tell a major part of the state’s story in national and global politics. That story is told to over 100 patrons and dozens of college and K-12 classes each year.

The papers are fertile ground for scholarly research into Congress’ role in shaping U.S. history, with its extraordinary powers over lawmaking, the economy and one of the world’s largest militaries.

Mississippi State University, where I work as an assistant professor and director of the Mississippi Political Collections, is not alone in providing such a rich source of history. It is part of a national network of universities that hold and steward congressional papers.

But support for this stewardship is in jeopardy. With the White House’s proposed elimination of independent granting agencies such as the National Endowment for the Humanities and the Institute of Museum and Library Services, it is unclear what money will be available for this work in the future.

A 1963 letter from Sen. John Stennis to a constituent about agricultural legislation and also Russians in Cuba.
Mississippi State University

From research to public service

Mississippi State University’s building of an expansive political archive is neither unique nor a break from practices by our national peers:

• The Richard Russell Library for Political Research and Studies at the University of Georgia – named after the U.S. senator from Georgia from 1933 to 1971 – has grown since its founding in 1974 into one of America’s premier research libraries of political history, with more than 600 manuscript collections and an extensive oral history collection.

• Iowa Sen. Tom Harkin donated his papers to Drake University to form The Harkin Institute, which memorializes Harkin’s role as chief sponsor of the Americans with Disabilities Act through disability policy research and education.

• Sens. Robert and Elizabeth Dole’s papers are the bedrock of the Dole Institute of Politics at Kansas University.

• In 2023, retiring Sens. Richard Shelby and Patrick Leahy donated their archives – Shelby to the University of Alabama and Leahy to the University of Vermont.

By lending their papers and relative political celebrity, members of Congress have laid the groundwork for repositories like these to promote policy research to enable local and state governments to shape legislation on issues central to their states.

More complete history

When the repositories are at universities, they also provide educational programming that encourages public service for the next generations.

At Mississippi State University, the John C. Stennis Institute for Government and Community Development sponsors an organization that allows students to learn about government, voting, organizing and potential careers on Capitol Hill with trips to Washington, D.C.

Depositing congressional papers in states and districts, to be cared for by professional archivists and librarians, extends the life of the records and expands their utility.

When elected officials give their papers to their constituents, they ensure the public can see and use the papers. This is a way of returning their history to them, while giving them the power to assemble a more complete, independent version of their political history. While members of Congress are not required by law to donate their papers, they passed a bipartisan concurrent resolution in 2008 encouraging the practice.

Users of congressional archives range from historians to college students, local investigative journalists, political memoirists and documentary filmmakers. In advance of the 2020 election, we contributed historical materials to CNN’s reporting on Joe Biden’s controversial relationship with the Southern bloc of segregationist senators in his early Senate years.

A copy of a letter from U.S. Rep. Carl Albert of Oklahoma, who ultimately became the 46th speaker of the U.S. House of Representatives.
Carl Albert Center Congressional and Political Collections, University of Oklahoma

Preserving the archives

While the results contribute to the humanities, the process of archival preservation and management is as complex a science as any other.

“Congressional records” is a broad term that encompasses many formats such as letters, diaries, notes, meeting minutes, speech transcripts, guestbooks and schedules.

They also include ephemera such as campaign bumper stickers, military medals and even ceremonial pieces of the original U.S. Capitol flooring. They contain rare photographs of everything from natural disaster damage to state dinners and legacy audiovisual materials such as 8 mm film, cassette tapes and vinyl records. Members of Congress also have donated their libraries of hundreds of books.

Archival preservation is a constantly evolving science. Only in the mid-20th century was the acid-free box developed to arrest the deterioration of paper records. After the advent of film-based photographs, archivists later learned to keep them away from light and heat, and they observed that audiovisual materials such as 8mm tape decompose from acid decay quickly if not stored in proper conditions.

Alongside preservation work comes the task of inventorying the records for public use. Archivists write finding aids – itemized, searchable catalogs of the records – and create metadata, which describes items in terms of size, creation date and location.

Future congressional papers will include born-digital content such as email and social media. This means traditional archiving will give way to digital preservation and data management. Federal law mandates that digital records have alt-text and transcription, and they need specialized expertise in file storage and data security because congressional papers often contain case files with sensitive personal data.

With congressional materials often clocking in at hundreds or thousands of linear feet, emerging artificial intelligence and automation technologies will usher this field into a new era, with AI speeding metadata and cataloging work to deliver usable records for researchers faster than ever.

No more funding?

All of this work takes money; most of it takes staff time. Institutions meet these needs through federal grants – the very grants at risk from the Trump administration’s proposed elimination of the agencies that administer them.

For example, West Virginia University has been awarded over $400,000 since 2021 from the National Endowment for the Humanities for the American Congress Digital Archives Portal project, a website that centralizes digitized congressional records at the university and a growing list of partners such as the University of Hawaii and the University of Oklahoma.

Past federal grants have funded other congressional papers projects, from basic supply needs such as folders to more complex repair of film and tape.

The Howard Baker Center for Public Policy at the University of Tennessee used National Endowment for the Humanities funds to purchase specialized supplies needed to store the papers of its namesake, the Republican senator who also served as chief of staff to President Ronald Reagan.

National Endowment for the Humanities funds helped process U.S. Rep. Pat Williams’ papers at the University of Montana, resulting in a searchable finding aid for the 87 boxes of records documenting the Montana Democrat’s 18 years in Congress.
President Franklin D. Roosevelt said, “I have an unshaken conviction that democracy can never be undermined if we maintain our library resources and a national intelligence capable of utilizing them.”

With the current threat to federal grants – and agencies – that pay for the crucial work of stewarding these congressional papers, it appears that these records of democracy may no longer play their role in supporting that democracy.

Katherine Gregory received funding from the National Endowment for the Humanities and is a member of the Society of American Archivists.

– ref. Universities in every state care for congressional papers that document US political history − federal cuts put their work at risk – https://theconversation.com/universities-in-every-state-care-for-congressional-papers-that-document-us-political-history-federal-cuts-put-their-work-at-risk-256053

MIL OSI –

July 9, 2025
MIL-OSI Russia: Meeting of Mikhail Mishustin with Acting Governor of Sverdlovsk Region Denis Pasler

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

Issues of socio-economic development of the region were discussed.

Meeting of Mikhail Mishustin with the acting governor of the Sverdlovsk region Denis Pasler.

From the transcript:

M. Mishustin: Dear Denis Vladimirovich!

This week Yekaterinburg is hosting Innoprom, the leading exhibition of domestic industry. I would like to thank in your person everyone who worked hard and prepared, because this is a very important event for industries and for federal executive bodies. A lot of people, thousands, from all over the country have gathered here.

I would also like to wish you success in your work in your position. In March, the President appointed you acting. You worked as the Chairman of the Government here in the Sverdlovsk Region for many years before that. You led the Orenburg Region. I want you to succeed. Good luck to you in all your endeavors and endeavors.

Tell us what the general situation is in the economy today, what is happening with industry.

D. Pasler: Dear Mikhail Vladimirovich!

Thank you very much for your constant support of the Innoprom exhibition, for your personal presence. Of course, this is important for all industrialists. When you, Denis Valentinovich (Manturov), the leadership of the Ministry of Industry are at the exhibition, the most pressing issues are resolved. This is very important for us. Thank you very much again.

Regarding the economic situation. According to the results of five months, the growth of the industrial index is 102%, for shipped products – 108.9%. Investments, despite all the difficulties, sanctions, restrictions, are more than 104.5%. The construction market – we have a 3 million plan. According to the results of the first half of the year, we have fulfilled the plan, about 1.5 million have already been introduced.

To be continued…

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

MIL OSI Russia News –

July 9, 2025
MIL-OSI United Kingdom: Statement to the 109th Session of the Executive Council of the OPCW

Source: United Kingdom – Executive Government & Departments

Speech

Statement to the 109th Session of the Executive Council of the OPCW

Statement by Director of Defence and International Security, Foreign Commonwealth and Development Office, Mr Stephen Lillie, at the 109th Executive Council of the Organisation for the Prohibition of Chemical Weapons.

Mr Chair, Director General, Excellencies, Distinguished Delegates,

The UK welcomes Your Excellency, Ambassador Thomas Schieb as the new Chair of the Executive Council at this critical time. You have our full support.

Our thanks also to the Director General Fernando Arias for his detailed report.

Mr Chair,

Syria has demonstrated its commitment to destroying remaining elements of the Assad regime’s chemical weapons programme; and to holding accountable those responsible. The commitment of the new Syrian Government to achieve this, and it’s support to the Technical Secretariat has been exemplary.

The UK welcomes the efforts of OPCW staff on the ground and the important progress made during the three recent deployments they have undertaken this year. At last, this Council can look forward to Syria completing the task mandated by the UN Security Council after the horrific sarin attack in 2013, namely the complete destruction of the Assad regime’s chemical weapons programme.

We must take this opportunity and move at pace to deliver this work in the face of complex practical challenges. Close coordination will be needed between the Technical Secretariat, Syria and supporting States Parties to outline a sensible path and address immediate risks, while ensuring robust OPCW verification.

Both Syria and the OPCW will each need significant financial and in-kind support to finish the job. On 5 July, whilst in Damascus, my Foreign Secretary announced an additional £2 million of UK support to the OPCW’s Syria missions. This comes in addition to the £837,000 already transferred since December. We urge other states to provide complementary technical, financial and logistical assistance as soon as possible. Concerted international coordination of both financial and in-kind support is essential – we urge the TS and Syria to establish the mechanisms to do this without delay.

Mr Chair,

While we take the opportunity to turn the page on a dark period of the widespread use of chemical weapons in Syria this century, we must also redouble our efforts to make sure that all parties to the Chemical Weapons Convention ensure that they do all within their power to uphold the Convention, and to ensure that its central norm against use is re-enforced.

Today marks the seventh anniversary of the tragic death of Dawn Sturgess. She was killed as a result of Russia’s callous use of the nerve agent novichok in Salisbury.

While Syria seeks to rid itself of the previous regime’s chemical weapons, Russia continues to use chemical weapons and riot control agents on the battlefield in Ukraine. The statement published last week by the Dutch and German intelligence services in which they warn of the intensifying use of chemicals by Russia on the battlefield is a cause for great concern. This blatant disregard for the Convention is outrageous.

The British government announced today a second set of sanctions in response to Russia’s use of chemical weapons in Ukraine. The measures designate senior members of Russia’s Radiological, Chemical and Biological Defence Troops; and a Russian entity responsible for supplying RG-Vo riot control agent grenades to the Russian military being used against Ukraine.

The UK has provided a further £400,000 in extra-budgetary funding to the OPCW Assistance to Ukraine Fund. Since 2022, the UK has contributed over one million euros to this fund. Our support for Ukraine is steadfast. To quote Foreign Secretary David Lammy – “today – and every day – we stand with Ukraine”.

Mr Chair,

We are deeply concerned by the US determination that chemical weapons have been used in Sudan. We have noted Sudan’s response to Article IX requests submitted by the delegations of Chad, Mauritania, Benin and Guinea Bissau. We call on Sudan to follow through on its stated commitment to investigate thoroughly.

Mr Chair,

You will manage the process by which we will select the next Director General. DG Arias’ successor will have big shoes to fill. They will need to continue his work to shape the Organisation so it is fit to meet the challenges and opportunities of the 21st century: including consigning chemical weapons to history, ensuring that there is no re-emergence of a chemical threat and advancing work on emerging technologies. Promoting and ensuring a diverse TS staff, with gender equality at its heart, and strengthening capacity building around the world will be essential priorities.

Updates to this page

Published 8 July 2025

MIL OSI United Kingdom –

July 9, 2025
MIL-OSI United Kingdom: Major boost for Sizewell C nuclear plan as French energy giant EDF confirms investment
Source: United Kingdom – Executive Government & Departments

Press release

Major boost for Sizewell C nuclear plan as French energy giant EDF confirms investment

Thousands of UK jobs will be created as French energy firm EDF confirms today it will take a 12.5% stake in Sizewell C – in a major boost for UK growth and energy security.
French company EDF confirms it will take a 12.5% stake in Sizewell C nuclear plant, supporting thousands of UK jobs and boosting UK’s energy security.

Follows £14.5 billion funding confirmed by UK government last month and takes Britain closer to ‘golden age’ of nuclear power.

Prime Minister Keir Starmer to welcome French President Emmanuel Macron to Downing Steet tomorrow to make progress on shared priorities and deliver for British people.

Thousands of UK jobs will be created as French energy firm EDF confirms today it will take a 12.5% stake in Sizewell C – in a major boost for UK growth and energy security.

EDF is the first shareholder to announce its backing for the nuclear plant alongside the UK government, who confirmed £14.2 billion of funding into the project in last month’s Spending Review.

Today’s announcement takes Sizewell C one step closer to being given the green light, when it will help to deliver the UK’s ‘golden age’ of nuclear and see clean power supplied to millions of homes.

Further investors and details on the project’s financing will be confirmed at the point of the Final Investment Decision, targeted for this summer.

Nuclear energy is crucial to a mixed power supply – providing a backbone of low-carbon power alongside renewables, which is the only way to bring down bills for good by ending the UK’s dependence on fossil fuel markets.

At peak construction, Sizewell C will support 10,000 jobs, and thousands more in the nationwide supply chain, and create 1,500 apprenticeships.

It comes as Prime Minister Keir Starmer welcomes French President Emmanuel Macron to the UK ahead of the UK-France Summit on Thursday, which will drive forward co-operation with one of our closest neighbours on shared priorities – energy, growth, defence and security, and migration.

Since taking office last year, the Prime Minister has been determined to bolster the UK’s position on the world stage and improve our relationship with our closest partners in order to deliver for the British people.

Today’s announcement marks another vote of confidence in that approach, cementing the UK as an increasingly attractive investment destination and a reliable partner.

Previous governments had shied away from making real progress on Sizewell C – leaving the UK exposed when Putin’s illegal invasion into Ukraine created major shocks in the international oil and gas market.

Prime Minister Keir Starmer said:

I’ve been clear there will be no more dithering and delay on Sizewell C – and this investment takes us a step closer to the benefits it will bring to the British people.

Lower energy bills, thousands more jobs and apprenticeships, and better energy security – this is not only a vote of confidence in the UK as an investment destination, it is our Plan for Change in action.

Chancellor of the Exchequer Rachel Reeves said:

This investment goes hand in hand with the £14.2 billion set aside at last month’s Spending Review to deliver the biggest nuclear building programme in a generation.

It is part of the new confidence we’re seeing in the UK as an investment destination and will create thousands of high-skilled, high-paid jobs to help deliver on our Plan for Change.

Energy Secretary Ed Miliband said:

Thousands of jobs and clean power for millions of homes are one step closer today as we welcome this investment into Sizewell C – delivering a golden age of new nuclear to protect family finances and boost energy security.

This agreement is a landmark moment in the UK and France’s long-standing partnership in civil nuclear, and a testament to our countries’ strong relationship.

In addition, Bpifrance, France’s export credit agency, is set to provide a £5 billion debt guarantee to the power station.

This supports lending to the project from a number of leading commercial banks and is enabled by Sizewell C’s innovative funding model that spreads costs between consumers, taxpayers and private investors. 

The UK Government will remain a significant shareholder in the project – ensuring we have oversight of the progress and limiting delays.

The government’s nuclear programme is now the most ambitious for a generation – once small modular reactors and Sizewell C come online in the 2030s, combined with Hinkley Point C, this will deliver more new nuclear power to the grid than over the previous half century combined.

In another important step forward for UK–France energy collaboration, UK company Urenco have signed a 15-year deal with EDF to produce fuel for nuclear power stations, helping to deliver clean power and enhanced energy security in Europe.

This multi-billion euro contract, with significant value for the UK, will support Urenco UK’s workforce of more than 1,400 people and support the company’s important contribution to UK economic growth, which represented more than £256 million in 2023.

French engineering company Assystem has also announced plans to double its nuclear workforce in the UK, creating 1,000 new engineering, digital and management jobs by 2030 across 10 UK sites, including in Sunderland, Blackburn, Derby, Bristol and London.

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Updates to this page

Published 8 July 2025
MIL OSI United Kingdom –
July 9, 2025
MIL-OSI: Bitcoin Acquisitions Booming as Companies Tap into Coinbase Credit Facilities Opportunity

Source: GlobeNewswire (MIL-OSI)

PALM BEACH, Fla., July 08, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Several institutional clients have recently utilized Coinbase’s credit facilities to strategically acquire Bitcoin, underscoring growing corporate confidence in digital assets as part of long-term treasury management and diversification strategies. According to recent reports in macrotrends and other industry sources, Coinbase Global revenue for the quarter ending March 31, 2025 was $2.034B, a 24.23% increase year-over-year and Coinbase’s total revenue for the twelve months ending March 31, 2025, was $6.961 billion, showing a 75.18% increase year-over-year. Coinbase uses credit facilities to extend loans to other companies, including Bitcoin mining firms, utilizing Bitcoin as collateral. For example, Hut 8 recently secured a $130 million Bitcoin-backed credit facility from Coinbase, which they intend to use to fund growth opportunities. Similarly, Riot Platforms entered into a $100 million credit facility with Coinbase. This strategy allows companies like Hut 8 and Riot Platforms to access capital without selling their Bitcoin holdings. Overall, Coinbase’s strategic use of credit facilities to finance external acquisitions of Bitcoin-related businesses, coupled with their own strategic Bitcoin acquisitions and strong market performance in Q1 2025, positions them to capitalize on the growing crypto market. However, it is important to note that the market for Bitcoin and cryptocurrencies, in general, is subject to volatility and regulatory uncertainties. Coinbase’s strategic decisions reflect a balance between pursuing growth opportunities and maintaining financial stability in this dynamic environment.   Active companies in news today include: KULR Technology Group, Inc. (NYSE American: KULR), Coinbase Global, Inc. (NASDAQ: COIN), Hut 8 Corp. (NASDAQ: HUT), Riot Platforms, Inc. (NASDAQ: RIOT), Robinhood Markets, Inc. (NASDAQ: HOOD).

Through Coinbase’s tailored lending solutions, companies can access secure, short-term credit lines to fund timely Bitcoin purchases without needing to liquidate other assets or disrupt existing capital structures. This development reflects the broader institutional adoption of digital assets and highlights the role Coinbase plays in enabling secure and compliant access to the crypto economy. While some individual company names remain confidential at this time, Coinbase confirmed that clients span industries such as fintech, digital infrastructure, and alternative investment management and include the likes of Hut8 and Riot Platforms. These firms are leveraging the platform’s lending solutions alongside Coinbase Prime’s execution and custody services for a seamless experience. Coinbase’s institutional-grade offerings continue to attract a wide range of corporate treasuries and asset managers seeking robust security, liquidity, and integrated services in one trusted platform. The credit facility product complements Coinbase’s broader mission to increase economic freedom and redefine how businesses interact with financial infrastructure.

KULR Technology Group, Inc. (NYSE American: KULR) Group Announces $20 Million Credit Facility with Coinbase – KULR Technology Group, Inc. (the “Company” or “KULR”) ($KULR), a Bitcoin First Company and global leader in sustainable energy management, announced today that it has secured a $20 million credit facility with Coinbase Credit, Inc., a subsidiary of Coinbase Global, Inc. (NASDAQ: COIN).

The agreement establishes a multi-draw loan facility initially totaling up to $20 million, which will be available to KULR upon execution of the credit facility (“Effective Date”). The Company intends to use the net proceeds to fund its strategic Bitcoin accumulation goals.

“This marks KULR’s first bitcoin-backed credit facility, giving us access to non-dilutive capital at a competitive financing rate,” said Michael Mo, CEO of KULR. “It reflects our commitment to diversifying our funding sources as we continue to execute on long-term growth strategies to drive shareholder value.”

In 2024, KULR selected Coinbase’s Prime platform to provide custody, USDC, and self-custodial wallet services for its Bitcoin holdings. At present, eight of the ten largest publicly traded companies with bitcoin on their balance sheets utilize Coinbase Prime for similar services.

Amounts borrowed under the credit facility will be secured by a portion of the Company’s total bitcoin holdings. CONTINUED…   Read this entire press release and more news for KULR at: https://www.financialnewsmedia.com/news-kulr/

In other developments in the markets of note:

Coinbase Global, Inc. (NASDAQ: COIN) recently announced it is acquiring Liquifi, the leading token management platform for early-stage teams building onchain. Acquiring Liquifi gives us best-in-class capabilities in token cap table management, vesting, and compliance, and positions Coinbase to support builders earlier in their journey. This strategic move propels us in our journey to deliver a truly integrated one-stop-shop experience for businesses building onchain.

Today, we’re taking a big step towards offering an end-to-end solution for onchain builders by acquiring Liquifi, the go-to platform for managing token ownership, vesting schedules, and compliance workflows. Teams like Uniswap Foundation, OP Labs (Optimism), Ethena, Zora, and 0x already rely on Liquifi to launch and manage their tokens, and we’re excited to help scale these operations even further.

Hut 8 Corp. (NASDAQ: HUT) recently announced that its subsidiary has entered into a Third Amended and Restated Credit Agreement with Coinbase Credit, Inc. (“Coinbase”) to amend and expand its Bitcoin-backed credit facility from $65 million to up to $130 million and extend the maturity date to July 16, 2026.   The amended facility reflects significant improvements in both economic and structural terms, including:

Up to $65 million in incremental, non-dilutive capital that positions Hut 8 to deploy capital against near-term opportunities advancing through its growth pipeline; Conversion from a floating-rate structure to a fixed interest rate of 9.0% designed to improve Hut 8’s overall cost of capital as it scales, compared to a stated interest rate ranging from 10.5% to 11.5% between the quarter ended December 31, 2023 and the quarter ended March 31, 2025; and Collateral and borrower protections including an improved limited recourse structure and continued application of a no-rehypothecation covenant on pledged Bitcoin.

Riot Platforms, Inc. (NASDAQ: RIOT) recently announced the hiring of Jonathan Gibbs as Chief Data Center Officer (“CDCO”) to lead the development of Riot’s data center platform. In this role, Jonathan will lead the strategic development and operations of this new platform, which will focus on building and operating state-of-the-art data centers specifically tailored to serve hyperscale and enterprise tenants.

The creation of this new data center platform furthers Riot’s strategy to maximize the value of its assets by expanding into the development of non-bitcoin-related data centers, which diversifies the Company’s revenues, enhances Riot’s ability to generate long-term cash returns for investors and strengthens its capabilities to contract with the world’s leading technology companies. This additional platform will build on the success of Riot’s vertically-integrated strategy of utilizing bitcoin mining at scale to create significant value across its land and power portfolio and positions the Company to capitalize on the upsurge in demand for digital infrastructure driven by the growing need for cloud computing, AI and other compute-intensive applications.

Robinhood Markets, Inc. (NASDAQ: HOOD) recently reported select monthly operating data for May 2025. Funded Customers at the end of May were 25.9 million (up about 5 thousand from April 2025, up 1.8 million year-over-year). In May, Funded Customers grew by approximately 5 thousand after the impact of required escheatment of approximately 100 thousand low-balance accounts.

Total Platform Assets at the end of May were $255 billion (up 10% from April 2025, up 89% year-over-year). Net Deposits were $3.5 billion in May, or a 18% annualized growth rate relative to April 2025 Total Platform Assets. Over the last twelve months, Net Deposits were $59.1 billion, or an annual growth rate of 44% relative to May 2024 Total Platform Assets.

Equity Notional Trading Volumes were $180.5 billion (up 14% from April 2025, up 108% year-over-year). Options Contracts Traded were 179.8 million (up 7% from April 2025, up 36% year-over-year). Crypto Notional Trading Volumes were $11.7 billion (up 36% from April 2025, up 65% year-over-year).   Margin balances at the end of May were $9.0 billion (up 7% from the end of April 2025, up 100% year-over-year).   Total Cash Sweep balances at the end of May were $30.8 billion (up 7% from the end of April 2025, up 52% year-over-year).   Total Securities Lending Revenue in May was $33 million (up 32% from April 2025, up 43% year-over-year).

About FN Media Group:

At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

Follow us on Facebook to receive the latest news updates: https://www.facebook.com/financialnewsmedia

Follow us on Twitter for real time Market News: https://twitter.com/FNMgroup

Follow us on Linkedin: https://www.linkedin.com/in/financialnewsmedia/

DISCLAIMER: FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM was compensated forty two hundred dollars for news coverage of the current press releases issued by KULR Technology Group, Inc. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Contact Information:

Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

SOURCE: FN Media Group

The MIL Network –

July 9, 2025
MIL-OSI: Bitcoin Acquisitions Booming as Companies Tap into Coinbase Credit Facilities Opportunity

Source: GlobeNewswire (MIL-OSI)

PALM BEACH, Fla., July 08, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Several institutional clients have recently utilized Coinbase’s credit facilities to strategically acquire Bitcoin, underscoring growing corporate confidence in digital assets as part of long-term treasury management and diversification strategies. According to recent reports in macrotrends and other industry sources, Coinbase Global revenue for the quarter ending March 31, 2025 was $2.034B, a 24.23% increase year-over-year and Coinbase’s total revenue for the twelve months ending March 31, 2025, was $6.961 billion, showing a 75.18% increase year-over-year. Coinbase uses credit facilities to extend loans to other companies, including Bitcoin mining firms, utilizing Bitcoin as collateral. For example, Hut 8 recently secured a $130 million Bitcoin-backed credit facility from Coinbase, which they intend to use to fund growth opportunities. Similarly, Riot Platforms entered into a $100 million credit facility with Coinbase. This strategy allows companies like Hut 8 and Riot Platforms to access capital without selling their Bitcoin holdings. Overall, Coinbase’s strategic use of credit facilities to finance external acquisitions of Bitcoin-related businesses, coupled with their own strategic Bitcoin acquisitions and strong market performance in Q1 2025, positions them to capitalize on the growing crypto market. However, it is important to note that the market for Bitcoin and cryptocurrencies, in general, is subject to volatility and regulatory uncertainties. Coinbase’s strategic decisions reflect a balance between pursuing growth opportunities and maintaining financial stability in this dynamic environment.   Active companies in news today include: KULR Technology Group, Inc. (NYSE American: KULR), Coinbase Global, Inc. (NASDAQ: COIN), Hut 8 Corp. (NASDAQ: HUT), Riot Platforms, Inc. (NASDAQ: RIOT), Robinhood Markets, Inc. (NASDAQ: HOOD).

Through Coinbase’s tailored lending solutions, companies can access secure, short-term credit lines to fund timely Bitcoin purchases without needing to liquidate other assets or disrupt existing capital structures. This development reflects the broader institutional adoption of digital assets and highlights the role Coinbase plays in enabling secure and compliant access to the crypto economy. While some individual company names remain confidential at this time, Coinbase confirmed that clients span industries such as fintech, digital infrastructure, and alternative investment management and include the likes of Hut8 and Riot Platforms. These firms are leveraging the platform’s lending solutions alongside Coinbase Prime’s execution and custody services for a seamless experience. Coinbase’s institutional-grade offerings continue to attract a wide range of corporate treasuries and asset managers seeking robust security, liquidity, and integrated services in one trusted platform. The credit facility product complements Coinbase’s broader mission to increase economic freedom and redefine how businesses interact with financial infrastructure.

KULR Technology Group, Inc. (NYSE American: KULR) Group Announces $20 Million Credit Facility with Coinbase – KULR Technology Group, Inc. (the “Company” or “KULR”) ($KULR), a Bitcoin First Company and global leader in sustainable energy management, announced today that it has secured a $20 million credit facility with Coinbase Credit, Inc., a subsidiary of Coinbase Global, Inc. (NASDAQ: COIN).

The agreement establishes a multi-draw loan facility initially totaling up to $20 million, which will be available to KULR upon execution of the credit facility (“Effective Date”). The Company intends to use the net proceeds to fund its strategic Bitcoin accumulation goals.

“This marks KULR’s first bitcoin-backed credit facility, giving us access to non-dilutive capital at a competitive financing rate,” said Michael Mo, CEO of KULR. “It reflects our commitment to diversifying our funding sources as we continue to execute on long-term growth strategies to drive shareholder value.”

In 2024, KULR selected Coinbase’s Prime platform to provide custody, USDC, and self-custodial wallet services for its Bitcoin holdings. At present, eight of the ten largest publicly traded companies with bitcoin on their balance sheets utilize Coinbase Prime for similar services.

Amounts borrowed under the credit facility will be secured by a portion of the Company’s total bitcoin holdings. CONTINUED…   Read this entire press release and more news for KULR at: https://www.financialnewsmedia.com/news-kulr/

In other developments in the markets of note:

Coinbase Global, Inc. (NASDAQ: COIN) recently announced it is acquiring Liquifi, the leading token management platform for early-stage teams building onchain. Acquiring Liquifi gives us best-in-class capabilities in token cap table management, vesting, and compliance, and positions Coinbase to support builders earlier in their journey. This strategic move propels us in our journey to deliver a truly integrated one-stop-shop experience for businesses building onchain.

Today, we’re taking a big step towards offering an end-to-end solution for onchain builders by acquiring Liquifi, the go-to platform for managing token ownership, vesting schedules, and compliance workflows. Teams like Uniswap Foundation, OP Labs (Optimism), Ethena, Zora, and 0x already rely on Liquifi to launch and manage their tokens, and we’re excited to help scale these operations even further.

Hut 8 Corp. (NASDAQ: HUT) recently announced that its subsidiary has entered into a Third Amended and Restated Credit Agreement with Coinbase Credit, Inc. (“Coinbase”) to amend and expand its Bitcoin-backed credit facility from $65 million to up to $130 million and extend the maturity date to July 16, 2026.   The amended facility reflects significant improvements in both economic and structural terms, including:

Up to $65 million in incremental, non-dilutive capital that positions Hut 8 to deploy capital against near-term opportunities advancing through its growth pipeline; Conversion from a floating-rate structure to a fixed interest rate of 9.0% designed to improve Hut 8’s overall cost of capital as it scales, compared to a stated interest rate ranging from 10.5% to 11.5% between the quarter ended December 31, 2023 and the quarter ended March 31, 2025; and Collateral and borrower protections including an improved limited recourse structure and continued application of a no-rehypothecation covenant on pledged Bitcoin.

Riot Platforms, Inc. (NASDAQ: RIOT) recently announced the hiring of Jonathan Gibbs as Chief Data Center Officer (“CDCO”) to lead the development of Riot’s data center platform. In this role, Jonathan will lead the strategic development and operations of this new platform, which will focus on building and operating state-of-the-art data centers specifically tailored to serve hyperscale and enterprise tenants.

The creation of this new data center platform furthers Riot’s strategy to maximize the value of its assets by expanding into the development of non-bitcoin-related data centers, which diversifies the Company’s revenues, enhances Riot’s ability to generate long-term cash returns for investors and strengthens its capabilities to contract with the world’s leading technology companies. This additional platform will build on the success of Riot’s vertically-integrated strategy of utilizing bitcoin mining at scale to create significant value across its land and power portfolio and positions the Company to capitalize on the upsurge in demand for digital infrastructure driven by the growing need for cloud computing, AI and other compute-intensive applications.

Robinhood Markets, Inc. (NASDAQ: HOOD) recently reported select monthly operating data for May 2025. Funded Customers at the end of May were 25.9 million (up about 5 thousand from April 2025, up 1.8 million year-over-year). In May, Funded Customers grew by approximately 5 thousand after the impact of required escheatment of approximately 100 thousand low-balance accounts.

Total Platform Assets at the end of May were $255 billion (up 10% from April 2025, up 89% year-over-year). Net Deposits were $3.5 billion in May, or a 18% annualized growth rate relative to April 2025 Total Platform Assets. Over the last twelve months, Net Deposits were $59.1 billion, or an annual growth rate of 44% relative to May 2024 Total Platform Assets.

Equity Notional Trading Volumes were $180.5 billion (up 14% from April 2025, up 108% year-over-year). Options Contracts Traded were 179.8 million (up 7% from April 2025, up 36% year-over-year). Crypto Notional Trading Volumes were $11.7 billion (up 36% from April 2025, up 65% year-over-year).   Margin balances at the end of May were $9.0 billion (up 7% from the end of April 2025, up 100% year-over-year).   Total Cash Sweep balances at the end of May were $30.8 billion (up 7% from the end of April 2025, up 52% year-over-year).   Total Securities Lending Revenue in May was $33 million (up 32% from April 2025, up 43% year-over-year).

About FN Media Group:

At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

Follow us on Facebook to receive the latest news updates: https://www.facebook.com/financialnewsmedia

Follow us on Twitter for real time Market News: https://twitter.com/FNMgroup

Follow us on Linkedin: https://www.linkedin.com/in/financialnewsmedia/

DISCLAIMER: FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM was compensated forty two hundred dollars for news coverage of the current press releases issued by KULR Technology Group, Inc. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Contact Information:

Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

SOURCE: FN Media Group

The MIL Network –

July 9, 2025
MIL-OSI Submissions: Your data privacy is slipping away – here’s why, and what you can do about it

Source: The Conversation – USA – By Mike Chapple, Teaching Professor of IT, Analytics, and Operations, University of Notre Dame

Cybersecurity and data privacy are constantly in the news. Governments are passing new cybersecurity laws. Companies are investing in cybersecurity controls such as firewalls, encryption and awareness training at record levels.

And yet, people are losing ground on data privacy.

In 2024, the Identity Theft Resource Center reported that companies sent out 1.3 billion notifications to the victims of data breaches. That’s more than triple the notices sent out the year before. It’s clear that despite growing efforts, personal data breaches are not only continuing, but accelerating.

What can you do about this situation? Many people think of the cybersecurity issue as a technical problem. They’re right: Technical controls are an important part of protecting personal information, but they are not enough.

As a professor of information technology, analytics and operations at the University of Notre Dame, I study ways to protect personal privacy.

Solid personal privacy protection is made up of three pillars: accessible technical controls, public awareness of the need for privacy, and public policies that prioritize personal privacy. Each plays a crucial role in protecting personal privacy. A weakness in any one puts the entire system at risk.

The first line of defense

Technology is the first line of defense, guarding access to computers that store data and encrypting information as it travels between computers to keep intruders from gaining access. But even the best security tools can fail when misused, misconfigured or ignored.

Two technical controls are especially important: encryption and multifactor authentication. These are the backbone of digital privacy – and they work best when widely adopted and properly implemented.

Read more:
The hidden cost of convenience: How your data pulls in hundreds of billions of dollars for app and social media companies

Encryption uses complex math to put sensitive data in an unreadable format that can only be unlocked with the right key. For example, your web browser uses HTTPS encryption to protect your information when you visit a secure webpage. This prevents anyone on your network – or any network between you and the website – from eavesdropping on your communications. Today, nearly all web traffic is encrypted in this way.

But if we’re so good at encrypting data on networks, why are we still suffering all of these data breaches? The reality is that encrypting data in transit is only part of the challenge.

Securing stored data

We also need to protect data wherever it’s stored – on phones, laptops and the servers that make up cloud storage. Unfortunately, this is where security often falls short. Encrypting stored data, or data at rest, isn’t as widespread as encrypting data that is moving from one place to another.

While modern smartphones typically encrypt files by default, the same can’t be said for cloud storage or company databases. Only 10% of organizations report that at least 80% of the information they have stored in the cloud is encrypted, according to a 2024 industry survey. This leaves a huge amount of unencrypted personal information potentially exposed if attackers manage to break in. Without encryption, breaking into a database is like opening an unlocked filing cabinet – everything inside is accessible to the attacker.

Multifactor authentication is a security measure that requires you to provide more than one form of verification before accessing sensitive information. This type of authentication is more difficult to crack than a password alone because it requires a combination of different types of information. It often combines something you know, such as a password, with something you have, such as a smartphone app that can generate a verification code or with something that’s part of what you are, like a fingerprint. Proper use of multifactor authentication reduces the risk of compromise by 99.22%.

While 83% of organizations require that their employees use multifactor authentication, according to another industry survey, this still leaves millions of accounts protected by nothing more than a password. As attackers grow more sophisticated and credential theft remains rampant, closing that 17% gap isn’t just a best practice – it’s a necessity.

Multifactor authentication is one of the simplest, most effective steps organizations can take to prevent data breaches, but it remains underused. Expanding its adoption could dramatically reduce the number of successful attacks each year.

Awareness gives people the knowledge they need

Even the best technology falls short when people make mistakes. Human error played a role in 68% of 2024 data breaches, according to a Verizon report. Organizations can mitigate this risk through employee training, data minimization – meaning collecting only the information necessary for a task, then deleting it when it’s no longer needed – and strict access controls.

Policies, audits and incident response plans can help organizations prepare for a possible data breach so they can stem the damage, see who is responsible and learn from the experience. It’s also important to guard against insider threats and physical intrusion using physical safeguards such as locking down server rooms.

Public policy holds organizations accountable

Legal protections help hold organizations accountable in keeping data protected and giving people control over their data. The European Union’s General Data Protection Regulation is one of the most comprehensive privacy laws in the world. It mandates strong data protection practices and gives people the right to access, correct and delete their personal data. And the General Data Protection Regulation has teeth: In 2023, Meta was fined €1.2 billion (US$1.4 billion) when Facebook was found in violation.

Despite years of discussion, the U.S. still has no comprehensive federal privacy law. Several proposals have been introduced in Congress, but none have made it across the finish line. In its place, a mix of state regulations and industry-specific rules – such as the Health Insurance Portability and Accountability Act for health data and the Gramm-Leach-Bliley Act for financial institutions – fill the gaps.

Some states have passed their own privacy laws, but this patchwork leaves Americans with uneven protections and creates compliance headaches for businesses operating across jurisdictions.

The tools, policies and knowledge to protect personal data exist – but people’s and institutions’ use of them still falls short. Stronger encryption, more widespread use of multifactor authentication, better training and clearer legal standards could prevent many breaches. It’s clear that these tools work. What’s needed now is the collective will – and a unified federal mandate – to put those protections in place.

This article is part of a series on data privacy that explores who collects your data, what and how they collect, who sells and buys your data, what they all do with it, and what you can do about it.

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

– ref. Your data privacy is slipping away – here’s why, and what you can do about it – https://theconversation.com/your-data-privacy-is-slipping-away-heres-why-and-what-you-can-do-about-it-251768

MIL OSI –

July 9, 2025
MIL-OSI USA: SBA Disaster Relief Still Available to Michigan Residents, Small Businesses and Private Nonprofits

Source: United States Small Business Administration

ATLANTA – The U.S. Small Business Administration (SBA) is reminding eligible small businesses, private nonprofit (PNP) organizations, homeowners and renters in Michigan of the Aug. 8 deadline to apply for low interest federal disaster loans to offset losses from physical damage caused by affected by the severe winter storms occurring March 28-30, 2025.

The disaster declaration covers the Michigan counties of Charlevoix, Cheboygan, Emmet, Mackinac, Montmorency, Otsego and Presque Isle.

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

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

Applicants may also be eligible for a loan increase of up to 20% of their physical damage, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements include strengthening structures to protect against high wind damage, upgrading to wind rated garage doors, and installing a safe room or storm shelter to help protect property and occupants from future damage.

“One distinct advantage of SBA’s disaster loan program is the opportunity to fund upgrades reducing the risk of future storm damage,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “I encourage businesses and homeowners to work with contractors and mitigation professionals to improve their storm readiness while taking advantage of SBA’s mitigation loans.”

Interest rates are as low as 4% for small businesses, 3.625% for PNPs, and 2.75% for homeowners and renters, with terms up to 30 years. Interest does not begin to accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms, based on each applicant’s financial condition.

Disaster survivors should not wait to settle with their insurance company before applying for a disaster loan. If a survivor does not know how much of their loss will be covered by insurance or other sources, SBA can make a low-interest disaster loan for the total loss up to its loan limits, provided the borrower agrees to use insurance proceeds to reduce or repay the loan.

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. 8, 2025. The deadline to return economic injury applications is 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 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 –

July 9, 2025