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Category: Economy

  • MIL-OSI: Bitget Wallet Joins Consensus Toronto to Showcase Innovation and Growth

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 14, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, the leading non-custodial Web3 wallet, will participate in Consensus Toronto, one of Web3’s most anticipated events, taking place from 14 May to 16 May, 2025. As the Web3 landscape matures, Bitget Wallet is stepping into the spotlight to highlight its latest advancements in cross-chain interoperability, smart contract security, and user-first design. The appearance follows the launch of Bitget Wallet’s Shop with Crypto, an in-app marketplace for spending crypto on everyday goods, and the integration of Reserve’s onchain index fund for easy access to diversified crypto portfolios within the wallet.

    The three-day event brings together developers, entrepreneurs, investors, and builders from around the world to discuss the future of crypto, blockchain infrastructure, and decentralized finance. Bitget Wallet will be present onsite throughout the conference, engaging with attendees and industry leaders while showcasing new product features and ecosystem updates tailored for a rapidly evolving user base.

    This year’s edition of Consensus marks a significant inflection point for the industry. With prominent participants, including BlackRock and representatives from the White House, the event shows how far crypto has progressed toward institutional recognition and regulatory relevance. The presence of such stakeholders underscores a shifting narrative — from fringe technology to integral component of global financial conversation. Against this backdrop, Bitget Wallet aims to demonstrate how accessible and secure self-custody tools can serve as a gateway for mainstream adoption.

    On the evening of May 14, Bitget Wallet will host an exclusive VIP Whisky Tasting Night as part of its Consensus Toronto presence. Set at a distinctive venue, the experience begins with a curated whiskey mixology session at Above/Below Ground, where guests will explore premium blends in an intimate, atmospheric setting, before the evening continues with a private dinner in a subterranean cave space from, offering a refined yet unconventional setting for deeper conversation and connection. Each VIP guest will also receive a personalized gold bar case containing their own engraved whiskey bottle — a keepsake designed to match the tone of the night: rare, immersive, and unforgettable.

    Since launching as a core pillar of the Bitget ecosystem, Bitget Wallet has grown to support and integrate major DApps and DeFi protocols into its interface. With a focus on usability and security, the wallet has become a preferred choice for users looking to manage digital assets, swap tokens, and access decentralized apps. All within one seamless interface.

    “Consensus is where some of the industry’s most important ideas are shaped,” said Alvin Kan, COO of Bitget Wallet. “Bitget Wallet is here to share how we’re tackling the critical challenges of Web3 adoption and to collaborate with the ecosystem on what comes next.”

    The participation in Consensus Toronto follows Bitget Wallet’s presence at Solana Blockchain Futurist Conference and other major events throughout Canada Crypto Week. Reflecting Bitget’s broader push to support decentralized innovation through accessible, secure, and user-centric infrastructure.

    About Bitget Wallet

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

    For more information, visit: X | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord | Facebook

    For media inquiries, please contact media.web3@bitget.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/aca210c0-db22-4696-aa65-4d4c4b00cc2f

    The MIL Network –

    May 15, 2025

  • MIL-OSI USA: U.S. electricity prices continue steady increase

    Source: US Energy Information Administration

    In-depth analysis

    May 14, 2025

    Retail electricity prices have increased faster than the rate of inflation since 2022, and we expect them to continue increasing through 2026, based on forecasts in our Short-Term Energy Outlook. Parts of the country with relatively high electricity prices may experience greater price increases than those with relatively low electricity prices.

    Overall, U.S. energy prices rapidly increased from 2020 to 2022 as economic activity recovered after the worst of the pandemic and Russia’s invasion of Ukraine interrupted energy supply chains. Since 2022, nominal prices for many fuels have declined, particularly for those such as gasoline and heating oil that are tied more closely to crude oil prices, which are affected by international markets. Electricity prices, though, have continued a steady increase.

    Regions with already high electricity prices may see larger increases

    Although we expect the nominal U.S. average electricity price to increase by 13% from 2022 to 2025, our forecasts for retail electricity price increases differ across the country. Residential electricity prices in the Pacific, Middle Atlantic, and New England census divisions—regions where consumers already pay much more per kilowatthour for electricity—could increase more than the national average. By comparison, residential electricity prices in areas with relatively low electricity prices may not increase as much.

    Electricity prices include more than the cost of generating electricity

    Retail electricity prices include the cost of generating, transmitting, and delivering electricity to ultimate customers, as well as taxes and other fees. In recent years, electric utilities have increased capital investment to replace or upgrade aging generation and delivery infrastructure, among other factors. Between 2013 and 2023, electricity prices closely tracked inflation, but we expect increases in electricity prices to outpace inflation through 2026.

    Utility spending on electricity distribution has surpassed spending on electricity transmission and production, according to our analysis of utilities’ financial reports to the Federal Energy Regulatory Commission. The generation-related portions of retail electricity typically lag changes in wholesale spot prices of electricity generation fuels such as natural gas and coal depending on the customer contract agreements.

    Electricity expenditures are second only to gasoline

    U.S. consumers spent an average of about $1,760 on electricity expenditures in 2023. Among fuel-related expenditures, electricity expenditures are surpassed only by gasoline, which averaged nearly $2,450 in 2023, according to the most recent data available from the U.S. Bureau of Labor Statistics’ Consumer Expenditure Survey. Annual fluctuations in electricity expenditures tend to be more moderate than gasoline prices, which tend to follow changes in global crude oil prices.

    Principal contributor: Owen Comstock

    MIL OSI USA News –

    May 15, 2025

  • MIL-OSI USA: Jefferson, Economic Outlook

    Source: US State of New York Federal Reserve

    Thank you, President Williams. It is wonderful to be back in New York, and it is an honor to speak to you, the directors and advisers to the Second District. You all play an extremely important role for the Federal Reserve Bank of New York and, indeed, for the entirety of the Federal Reserve System. You, and your peers around the country, inform President Williams and the other Bank presidents about how you see the economy unfolding in your communities and in your industries. The presidents, in turn, share that vital information with all the members of the Federal Open Market Committee (FOMC) so that we can make the best monetary policy decisions to benefit all Americans. Thank you for the important contributions.1

    In the spirit of sharing information, I thought it would be helpful to share with you my economic outlook. First, I will discuss how I see recent economic activity. Next, I will talk about developments pertaining to both sides of our dual mandate, maximum employment and price stability. Finally, I will offer my current view of monetary policy.
    Economic ActivityWhile the economy entered a period of heightened uncertainty this year, the underlying data through the first quarter showed resilience. As you can see in figure 1, gross domestic product (GDP) contracted slightly by 0.3 percent in the first quarter, on an annualized basis, after expanding at a 2.4 percent rate in the fourth quarter of 2024. That change, however, overstates the deceleration in activity. A surge in imports apparently ahead of anticipated changes to trade policy did not seem to be reflected fully in inventory or spending data. That misalignment complicated the interpretation of measured GDP data. Private domestic final purchases, which exclude government spending, inventory investment, and net exports, usually gives a better read than GDP on the underlying momentum in the economy. That came in at a 3 percent rate in the first quarter, consistent with readings from last year.
    Looking at figure 2, you can see that inflation-adjusted consumer spending was strong much of last year. Spending eased at the start of 2025, which could in part reflect poor weather and seasonal adjustment challenges. Spending bounced back in March, perhaps reflecting some purchases ahead of expected trade policy changes.
    Of course, those observations of first-quarter economic activity are now in the rearview mirror. Tariff announcements and heightened uncertainty about government policies in general are the dominant economic developments of more recent weeks and have caused me to look carefully at my forecasts. It is not my role to express views on policies coming from the Administration or Congress, but I do study the implications of those policies on economic activity and inflation.
    Various surveys show a decline in business sentiment related to trade policy. The Beige Book reported that some retailers are expecting to raise prices in response to tariffs, which could then limit spending, especially by the most price-sensitive consumers. Manufacturers saw risks of supply chain disruptions related to trade policy changes. Moreover, uncertainty is quite high. As a result, I have adjusted down my expectations for economic growth this year, but I see the U.S. economy as continuing to expand. Of course, trade policy is still evolving, so its ultimate economic implications are not known, and I will be following developments carefully.
    Labor MarketTurning to the labor market, conditions continue to be solid. As you can see in figure 3, the unemployment rate was 4.2 percent in April. It has fluctuated within a narrow and historically low range between 4 and 4.2 percent since the middle of last year. U.S. employers added 177,000 jobs to payrolls last month, effectively matching the average growth over the past six months. Payrolls have been rising at a pace consistent with a stable unemployment rate and a flat labor force participation rate. Hiring has slowed from the rapid pace recorded earlier in the current expansion, but layoffs remain historically low. That can be seen in figure 4. New applications for unemployment benefits this year remain in the same low range recorded over the previous three years.
    Looking at figure 5, you can see the ratio of job vacancies to unemployed workers was at 1 in March, well down from a peak of 2 in 2022. The measure is consistent with a labor market that looks to be in balance and is not a source of inflationary pressure. Looking ahead, I am watching for signs that the labor market could cool as tariff increases begin to weigh on economic activity.
    InflationRegarding inflation, recent data are consistent with further progress toward our 2 percent inflation target; however, that goal has not yet been reached. Looking at figure 6, the blue line shows inflation as measured by the price index for personal consumption expenditures (PCE) has trended down from a peak above 7 percent in mid-2022. In March, PCE prices advanced 2.3 percent from a year earlier. Core PCE inflation, which excludes volatile consumer energy and food prices and is usually a better indicator of future inflation, the dashed red line, was at 2.6 percent. Figure 7 shows the components of core PCE inflation, which can provide insight into sources of inflationary pressures. Housing services inflation, the purple dotted line, has fallen notably since early 2023 and could continue to provide support to the disinflation process. Core services inflation, the dashed red line, has largely moved sideways since the early part of last year, contributing little to further disinflation, and I largely expect that pattern to continue as well. In contrast, goods inflation, outside of food and energy, the blue line, has picked up a bit this year.
    There is much uncertainty, however, around the future path of inflation. If the increases in tariffs announced so far are sustained, they are likely to interrupt progress on disinflation and generate at least a temporary rise in inflation. Whether tariffs create persistent upward pressure on inflation will depend on how trade policy is implemented, the pass-through to consumer prices, the reaction of supply chains, and the performance of the economy. Short-term inflation expectations have increased in both survey- and market-based measures, but I think it is notable that most measures of longer-run inflation expectations have been largely stable, suggesting that the American people understand the Federal Reserve’s commitment to return inflation to our 2 percent target.
    While trade policy has received the bulk of recent attention, I remain focused on the aggregate effect from the totality of different government policy changes, including trade, immigration, regulatory, and fiscal policies, as well as their net effects on the economy. This net effect will likely remain uncertain for some time.
    Monetary PolicyLast week I supported the FOMC’s decision to hold the federal funds rate at current levels as the best policy to achieve our dual mandate of maximum employment and price stability. As you can see in figure 8, the FOMC acted last year to reduce the policy rate by a full percentage point. Over the past several meetings, the rate has been held at what I view as a moderately restrictive level. I view the current stance of policy as well positioned to respond to developments that may arise.
    With respect to the path of the policy rate going forward, I will carefully assess incoming data, the evolving outlook, and the balance of risks. Various measures of consumer and business sentiment have declined sharply this year, and I will be watching very carefully for signs of weakening economic activity in hard data. At the same time, higher tariffs could lead to higher inflation this year. It is uncertain whether inflationary pressures would be temporary or persistent. Our monetary policy actions are guided by our dual mandate to promote maximum employment and stable prices for the American people. With the increased risks to both sides of our mandate, I believe that the current stance of monetary policy is well positioned to respond in a timely way to potential economic developments.
    ConclusionThe uncertain economic outlook presents a challenge for monetary policymakers. It is critical that we have the best available information from a broad cross section of sources, which is again why your efforts to keep President Williams and other monetary policymakers informed are so critical. Effective policymaking starts with hearing from people in every corner of this country—including New York, New Jersey, Connecticut, Puerto Rico, and the U.S. Virgin Islands. Directors and advisers like you make that possible. Thank you again.

    1. The views expressed here are my own and not necessarily those of my colleagues on the Federal Open Market Committee. Return to text

    MIL OSI USA News –

    May 15, 2025

  • MIL-OSI: First Busey Corporation Prices Depositary Share Offering

    Source: GlobeNewswire (MIL-OSI)

    LEAWOOD, Kan., May 14, 2025 (GLOBE NEWSWIRE) — First Busey Corporation (“Busey”) (Nasdaq: BUSE), the holding company for Busey Bank and CrossFirst Bank, announced the pricing of an underwritten public offering of 8,000,000 depositary shares, each representing a 1/40th ownership interest in a share of its 8.25% Fixed Rate Series B Non-Cumulative Perpetual Preferred Stock (the “Series B preferred stock”), with a liquidation preference of $1,000 per share (equivalent to $25.00 per depositary share).

    When, as, and if declared by the board of directors of Busey, dividends will be payable on the Series B preferred stock from the date of issuance at a rate of 8.25% per annum, payable quarterly in arrears, on March 1, June 1, September 1 and December 1 of each year, beginning on September 1, 2025. Busey may redeem the Series B preferred stock at its option at a redemption price equal to $25.00 per depositary share, as described in the prospectus supplement and accompanying prospectus relating to the offering.

    Net proceeds from the offering are expected to be used to redeem Busey’s 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030, and for general corporate purposes including to support balance sheet growth of Busey Bank.

    Busey intends to apply to list the depositary shares on the Nasdaq Global Select Market under the symbol “BUSEP.”

    Piper Sandler & Co., Morgan Stanley & Co. LLC and Keefe, Bruyette & Woods, Inc. are serving as joint bookrunning managers for the offering, and Janney Montgomery Scott LLC is acting as the co-manager.

    The Company expects to close the offering, subject to customary conditions, on or about May 20, 2025.

    The Company filed a “shelf” registration statement (File No. 333-274620) (including a base prospectus (the “Base Prospectus”)) on September 21, 2023 and the related preliminary prospectus supplement on May 13, 2025 (the “Preliminary Prospectus Supplement”) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. You may obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, Busey, any underwriter or any dealer participating in the offering will arrange to send you the Base Prospectus and the Preliminary Prospectus Supplement if you request it by emailing Piper Sandler & Co. at fsg-dcm@psc.com or calling Morgan Stanley & Co. LLC toll-free at 1-866-718-1649 or Keefe, Bruyette & Woods, A Stifel Company at 1-800-966-1559.

    This news release shall not constitute an offer to sell, or the solicitation of an offer to buy any securities, nor shall there be any offer or sale of these securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

    Corporate Profile
    As of March 31, 2025, First Busey Corporation (Nasdaq: BUSE) was a $19.46 billion financial holding company headquartered in Leawood, Kansas.

    Busey Bank, a wholly-owned bank subsidiary of First Busey Corporation headquartered in Champaign, Illinois, had total assets of $11.98 billion as of March 31, 2025. Busey Bank currently has 62 banking centers, with 21 in Central Illinois markets, 17 in suburban Chicago markets, 20 in the St. Louis Metropolitan Statistical Area, three in Southwest Florida, and one in Indianapolis. More information about Busey Bank can be found at busey.com.

    CrossFirst Bank, a wholly-owned bank subsidiary of First Busey Corporation headquartered in Leawood, Kansas, had total assets of $7.45 billion as of March 31, 2025. CrossFirst Bank currently has 16 banking centers located across Arizona, Colorado, Kansas, Missouri, New Mexico, Oklahoma, and Texas. More information about CrossFirst Bank can be found at crossfirstbank.com. It is anticipated that CrossFirst Bank will be merged with and into Busey Bank on June 20, 2025.

    Through Busey’s Wealth Management division, the Company provides a full range of asset management, investment, brokerage, fiduciary, philanthropic advisory, tax preparation, and farm management services to individuals, businesses, and foundations. Assets under care totaled $13.68 billion as of March 31, 2025. More information about Busey’s Wealth Management services can be found at busey.com/wealth-management.

    Busey Bank’s wholly-owned subsidiary, FirsTech, specializes in the evolving financial technology needs of small and medium-sized businesses, highly regulated enterprise industries, and financial institutions. FirsTech provides comprehensive and innovative payment technology solutions, including online, mobile, and voice-recognition bill payments; money and data movement; merchant services; direct debit services; lockbox remittance processing for payments made by mail; and walk-in payments at retail agents. Additionally, FirsTech simplifies client workflows through integrations enabling support with billing, reconciliation, bill reminders, and treasury services. More information about FirsTech can be found at firstechpayments.com.

    For the fourth consecutive year, Busey was named among 2025’s America’s Best Banks by Forbes. Ranked 88th overall, Busey was one of seven banks headquartered in Illinois included on this year’s list. Busey was also named among the 2024 Best Banks to Work For by American Banker, the 2024 Best Places to Work in Money Management by Pensions and Investments, the 2024 Best Places to Work in Illinois by Daily Herald Business Ledger, the 2025 Best Places to Work in Indiana by the Indiana Chamber of Commerce, and the 2024 Best Companies to Work For in Florida by Florida Trend magazine. We are honored to be consistently recognized globally, nationally and locally for our engaged culture of integrity and commitment to community development.

    First Busey Corporation Contacts
    For Financials:  For Media:
    Scott Phillips, Interim CFO Amy L. Randolph, EVP & COO
    First Busey Corporation  First Busey Corporation
    (239) 689-7167 (217) 365-4049
    scott.phillips@busey.com amy.randolph@busey.com
       

    Forward-Looking Statements
    This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to Busey’s financial condition, results of operations, plans, objectives, future performance, and business. Forward-looking statements, which may be based upon beliefs, expectations, and assumptions of Busey’s management and on information currently available to management, are generally identifiable by the use of words such as “believe,” “expect,” “anticipate,” “plan,” “intend,” “estimate,” “may,” “will,” “would,” “could,” “should,” “position,” or other similar expressions. Additionally, all statements in this document, including forward-looking statements, speak only as of the date they are made, and Busey undertakes no obligation to update any statement in light of new information or future events.

    A number of factors, many of which are beyond Busey’s ability to control or predict, could cause actual results to differ materially from those in any forward-looking statements. These factors include, among others, the following: (1) the strength of the local, state, national, and international economies and financial markets (including effects of inflationary pressures, the threat or implementation of tariffs, trade wars, and changes to immigration policy); (2) changes in, and the interpretation and prioritization of, local, state, and federal laws, regulations, and governmental policies (including those concerning Busey’s general business); (3) the economic impact of any future terrorist threats or attacks, widespread disease or pandemics, or other adverse external events that could cause economic deterioration or instability in credit markets (including Russia’s invasion of Ukraine and the conflict in the Middle East); (4) unexpected results of acquisitions, including the acquisition of CrossFirst Bankshares, Inc., which may include the failure to realize the anticipated benefits of the acquisitions and the possibility that the transaction and integration costs may be greater than anticipated; (5) the imposition of tariffs or other governmental policies impacting the value of products produced by Busey’s commercial borrowers; (6) new or revised accounting policies and practices as may be adopted by state and federal regulatory banking agencies, the Financial Accounting Standards Board, the Securities and Exchange Commission, or the Public Company Accounting Oversight Board; (7) changes in interest rates and prepayment rates of Busey’s assets (including the impact of sustained elevated interest rates); (8) increased competition in the financial services sector (including from non-bank competitors such as credit unions and fintech companies) and the inability to attract new customers; (9) changes in technology and the ability to develop and maintain secure and reliable electronic systems; (10) the loss of key executives or associates, talent shortages, and employee turnover; (11) unexpected outcomes and costs of existing or new litigation, investigations, or other legal proceedings, inquiries, and regulatory actions involving Busey (including with respect to Busey’s Illinois franchise taxes); (12) fluctuations in the value of securities held in Busey’s securities portfolio, including as a result of changes in interest rates; (13) credit risk and risk from concentrations (by type of borrower, geographic area, collateral, and industry), within Busey’s loan portfolio and large loans to certain borrowers (including commercial real estate loans); (14) the concentration of large deposits from certain clients who have balances above current Federal Deposit Insurance Corporation insurance limits and may withdraw deposits to diversify their exposure; (15) the level of non-performing assets on Busey’s balance sheets; (16) interruptions involving information technology and communications systems or third-party servicers; (17) breaches or failures of information security controls or cybersecurity-related incidents; (18) the economic impact on Busey and its customers of climate change, natural disasters, and exceptional weather occurrences such as tornadoes, hurricanes, floods, blizzards, and droughts; (19) the ability to successfully manage liquidity risk, which may increase dependence on non-core funding sources such as brokered deposits, and may negatively impact Busey’s cost of funds; (20) the ability to maintain an adequate level of allowance for credit losses on loans; (21) the effectiveness of Busey’s risk management framework; and (22) the ability of Busey to manage the risks associated with the foregoing. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.

    The MIL Network –

    May 15, 2025

  • MIL-OSI: Desk-Based Roles See Application Surges Amid Slowing Demand, Growing AI Adoption, While Frontline and Hourly Workforce Face Talent Shortages

    Source: GlobeNewswire (MIL-OSI)

    DENVER, May 14, 2025 (GLOBE NEWSWIRE) — As economic conditions shift across industries, the U.S. job market is showing clear signs of fragmentation. According to the new Job Seeker Nation report from Employ, desk-based job sectors are experiencing a dramatic rise in competition and application volume, while employers in frontline roles continue to struggle with talent shortages. Overall employment remains strong, but these varying degrees of trends point to deeper shifts in how different segments of the labor market are evolving—and what job seekers and employers must do to keep pace.

    Desk-Based Role Competition Intensifies Amid Slowing Demand, While Frontline Faces Labor Shortages

    Job postings from desk-based worker sectors like finance, professional services, and tech have declined year over year, creating bottlenecks of qualified talent competing for a shrinking number of roles. Recent findings revealed that desk-based workers are interviewing more often than those in frontline roles. Overall, 64 percent of respondents reported having more than two interviews in the past year—but that number drops to 55 percent among fully on-site workers, compared to those who work remotely 1–2 days per week (77 percent) or split their time 50/50 between being remote and in office (75 percent).

    This gap may stem from both flexibility and function. Remote workers have more privacy to take interviews without being seen or overheard, while on-site workers may need to take PTO just to participate. And with more volatility in desk-based industries like tech and quits rates for the private sector falling to 2.1 percent, according to the Bureau of Labor Statistics, this fairly recent drop in quits suggests employees are staying in roles longer, which could be due to competition and lack of work.

    “This is no longer a one-size-fits-all labor market,” said Stephanie Manzelli, Chief Human Resources Officer at Employ. “We’re seeing two very different job markets emerge—one overwhelmed with applications, and another starved for talent. Businesses need to reassess and refine hiring processes to ensure they are meeting the needs of today’s dynamic candidate market, especially as we continue to see certain sectors being significantly impacted by layoffs or new college grads getting ready to graduate.”

    AI Drives an Application Arms Race

    As job seekers navigate the hiring crunch, many are turning to AI tools to gain an edge. About one-third of respondents from the report (31 percent) say they’re using AI to support their job search—an increase of seven percentage points from last year. Desk-based worker applicants were using AI the most, especially those in software/technology/IT (50 percent) and finance/insurance/accounting (47 percent).

    While the ways candidates use AI have shifted slightly, some trends are holding steady. Fewer respondents reported using AI to write or review resumes (52 percent, down from 58 percent in 2024) and to generate interview questions (38 percent, down from 42 percent in 2024). However, AI usage in other areas remains consistent: nearly half (48 percent) still use it to write or review cover letters, and 69 percent continue to rely on AI to find or match with relevant job listings.

    AI has become a standard part of the desk-based worker job search, using every tool at their disposal to optimize their applications, sometimes even applying to multiple roles in a week. By contrast, AI adoption remains fairly limited in the frontline space just due to the continued use of more traditional methods of recruiting/hiring, such as referrals, job fairs, trade schools, and in-person applications.

    The Growing Divide—and What It Means

    With 66 percent of workers feeling burnt out from a stagnant market, where employers are cautious, and more employees are staying put at their current jobs, it’s no wonder that 82 percent of surveyed respondents are thinking we could see a “white-collar recession.”

    This split in labor dynamics is forcing employers to reconsider hiring practices, workforce development, and the role of technology in talent acquisition. For desk-based worker employers, streamlining hiring processes, prioritizing skills-based hiring over diplomas, and ensuring accurate job descriptions are strategies to reduce applicant fatigue. For frontline employers, investing in tools such as recruitment marketing, on-the-job training, and broader talent pipelines may be key to attracting new talent.

    To access the full Job Seeker Nation report and discover more about trends in job seeker behavior, visit here.

    About Employ

    Employ delivers people-first recruiting solutions that empower companies to overcome their greatest hiring challenges. From startups to Fortune 100 organizations, Employ meets companies where they are—offering tailored solutions that support everything from foundational hiring to advanced talent acquisition strategies. Employ is the only organization to offer companies choice in their hiring technology, providing three unique ATS platforms (JazzHR, Lever, and Jobvite) and AI Companions that work alongside you in your hiring journey. Our intelligent hiring suite is trusted by more than 23,000 customers across multiple industries. For more information, visit www.employinc.com.

    The MIL Network –

    May 15, 2025

  • MIL-OSI: Texas Capital Foundation Awards $250,000 to Texas Nonprofits

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, May 14, 2025 (GLOBE NEWSWIRE) — Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital, today announced the recipients of its 2025 Honors Awards. Launched in 2022, the Honors Awards are a signature initiative of the Texas Capital Foundation, awarding $250,000 in total annually to four organizations dedicated to addressing community needs across the state.

    “We are proud to honor four nonprofits as the recipients of this year’s Honors Awards for their dedication to improving the lives of Texans,” said Rob C. Holmes, Chairman, President & CEO of Texas Capital. “Through the Texas Capital Foundation, we are able to shine a light on organizations that are shaping a better future for all of Texas.”

    The Texas Capital Foundation’s approach to grantmaking focuses on nonprofit organizations that operate in areas within the firm’s footprint. Through the Honors Awards, the Texas Capital Foundation aims to fund small to mid-sized organizations that serve the greatest needs of communities through a competitive grant application process.

    The third annual Honors Awards recipients are:

    • The Art Station, a Fort Worth-based nonprofit focused on improving mental health through art therapy. The Art Station is using its grant to hire additional art therapists and expand services by offering a second location to increase accessibility to mental health services for individuals and families across Tarrant County.
    • Center for Applied Science and Technology (CAST) Schools, a San Antonio-based nonprofit network of schools that prepare students for the future through hands-on, project-based learning rooted in science, technology, engineering, arts and math. The grant will be used to bolster the drone program across the CAST STEM High School and CAST Imagine Middle School.
    • ScholarShot, a Dallas-based nonprofit focused on increasing college graduation rates for first-generation students will use the grant to hire an additional Academic Manager to expand support for students through academic support, mentorship and career guidance – increasing the number of Scholars served from 160 to 200.
    • STAR Award (Supporting our Troops Active and Remembered): Folds of Honor is a national nonprofit, with a strong presence in Central Texas and Houston, dedicated to providing educational scholarships to the spouses and children of America’s fallen or disabled military service members and first responders. The organization plans to use the STAR Award to expand its operations and provide college scholarships for 20 Texas families in Houston and Austin, covering tuition, fees, housing, meal plans and textbooks.

    For more information about the Honors Awards, visit the Texas Capital Foundation website.

    About Texas Capital
    Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank (“TCB”). Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities. All services are subject to applicable laws, regulations, and service terms. Deposit and lending products and services are offered by TCB. For deposit products, member FDIC. For more information, please visit www.texascapital.com.

    The MIL Network –

    May 15, 2025

  • MIL-OSI: Farmers & Merchants Bancorp (FMCB) Increases Cash Dividend for the 60th Consecutive Year

    Source: GlobeNewswire (MIL-OSI)

    LODI, Calif., May 14, 2025 (GLOBE NEWSWIRE) — Farmers & Merchants Bancorp (OTCQX: FMCB) (the “Company” or “FMCB”), the parent company of Farmers & Merchants Bank of Central California (the “Bank” or “F&M Bank”), the Board of Directors declared a mid-year cash dividend of $9.30 per share, an increase of 5.7% over the $8.80 per share paid in July of 2024. The cash dividend is payable on July 1, 2025, to shareholders of record on June 10, 2025. Net income over the trailing twelve months was $88.7 million compared with $87.5 million for the same trailing period a year earlier. Diluted earnings per share over the trailing twelve months totaled $123.32, up 5.97% compared with $116.37 for the same trailing period a year ago.

    For the quarter ended March 31, 2025, Farmers & Merchants Bancorp reported net income of $23.0 million, or $32.86 per diluted common share, compared with $22.7 million, or $30.56 per diluted common share for the first quarter of 2024. Annualized return on average assets for the first quarter of 2025 was 1.70% and return on average equity was 15.65%. Total assets at quarter-end were $5.7 billion. The Company’s credit quality remained solid with only $193,000 in non-accrual loans and leases as of March 31, 2025 and a negligible delinquency ratio of 0.01% of total loans and leases. At quarter-end, the Company’s allowance for credit losses was $75.4 million, or 2.10% of total loans and leases. The Company’s common equity tier 1 ratio was 13.75% at March 31, 2025, and the total risk-based capital ratio was 15.23%. All F&M Bank capital ratios exceeded the regulatory requirements to be classified as “well-capitalized”. For further details on our first quarter results please see our press release dated April 16, 2025.

    Kent A. Steinwert, Chairman, President and CEO noted, “The Board is very pleased with the Company’s strong first quarter 2025 and record full-year 2024 financial results and unanimously approved the cash dividend. This year marks the 90th consecutive year that Farmers & Merchants Bancorp has paid cash dividends and the 60th consecutive year we have increased dividends. As a result of the reliability of our cash dividends over many decades, we remain a member of a select group of only 55 publicly traded companies designated as “Dividend Kings” by Sure Dividend where Farmers & Merchants Bancorp is currently ranked 17th.”

    About Farmers & Merchants Bancorp

    Farmers & Merchants Bancorp, trades on the OTCQX under the symbol FMCB, and is the parent company of Farmers & Merchants Bank of Central California, also known as F&M Bank. Founded in 1916, F&M Bank is a locally owned and operated community bank, which proudly serves California through 33 convenient locations. F&M Bank is financially strong, with $5.7 billion in assets, and is consistently recognized as one of the nation’s safest banks by national bank rating firms. The Bank has maintained a 5-Star rating from BauerFinancial for 35 consecutive years, longer than any other commercial bank in the State of California.

    Farmers & Merchants Bancorp has paid dividends for 90 consecutive years and has increased dividends for 60 consecutive years. As a result, Farmers & Merchants Bancorp is a member of a select group of only 55 publicly traded companies referred to as “Dividend Kings,” and is ranked 17th in that group based on consecutive years of dividend increases. A “Dividend King” is a stock with 50 or more consecutive years of dividend increase.

    In August 2024, Farmers & Merchants Bancorp was named by Bank Director’s Magazine as the #2 best performing bank in the nation across all asset categories in their annual “Ranking Banking” study of the top performing banks for 2023. In August 2023, the Bank was named by Bank Director’s Magazine as the #1 best performing bank in the nation across all asset categories in their annual “Ranking Banking” study of the top performing banks for 2022.

    In April 2024, F&M Bank was ranked 6th on Forbes Magazine’s list of “America’s Best Banks” in 2023. Forbes’ annual “America’s Best Banks” list looks at ten metrics measuring growth, credit quality, profitability, and capital for the 2023 calendar year, as well as stock performance in the 12 months through March 18, 2024.

    In December 2023, F&M Bank was ranked 4th on S&P Global Market Intelligence’s “Top 50 List of Best-Performing Community Banks” in the US with assets between $3.0 billion and $10.0 billion for 2023. S&P Global Market Intelligence ranks financial institutions based on several key factors including financial returns, growth, and balance sheet risk profile.

    In October 2021, F&M Bank was named the “Best Community Bank in California” by Newsweek magazine. Newsweek’s ranking recognizes those financial institutions that best serve their customers’ needs in each state. This recognition speaks to the superior customer service the F&M Bank team members provide to its clients.

    F&M Bank is the 15th largest bank lender to agriculture in the United States. F&M Bank operates in the mid-Central Valley of California, including Sacramento, San Joaquin, Solano, Stanislaus, and Merced counties and the east region of the San Francisco Bay Area, including Napa, Alameda and Contra Costa counties.

    F&M Bank was inducted into the National Agriculture Science Center’s “Ag Hall of Fame” at the end of 2021 for providing resources, financial advice, guidance, and support to the agribusiness communities as well as to students in the next generation of agribusiness workforce. F&M Bank is dedicated to helping California remain the premier agricultural region in the world and will continue to work with the next generation of farmers, ranchers, and processors. F&M Bank remains committed to servicing the needs of agribusiness in California as has been the case since its founding over 109 years ago.

    F&M Bank offers a full complement of loan, deposit, equipment leasing and treasury management products to businesses, as well as a full suite of consumer banking products. The FDIC awarded F&M Bank the highest possible rating of “Outstanding” in their last Community Reinvestment Act (“CRA”) evaluation.

    Forward-Looking Statements

    This press release may contain certain forward-looking statements that are based on management’s current expectations regarding the Company’s financial performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “intend,” “estimate” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could” or “may.” Forward-looking statements in this press release include, without limitation, statements regarding loan and deposit production levels of net interest margin, the ability to control costs and expenses, the competitive environment, financial and regulatory policies of the United States government, general economic conditions, inflation, recessions, tariffs, economic uncertainty in the United States, and changes in interest rates. Forward-looking statements in this press release include matters that involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from results expressed or implied by such forward-looking statements. Such risk factors include, among others: the effects of and changes in monetary and fiscal policies, including the interest rate policies of the Federal Reserve Board and their effects on inflation risk; political and economic uncertainty, including any decline in global, domestic or local economic conditions or the stability of credit and financial markets; and other relevant risks detailed in the Company’s Form 10-K, Form 10-Qs, and various other securities law filings made periodically by the Company, copies of which are available from the Company’s website. All such factors are difficult to predict and are beyond the Company’s ability to control or predict. There also may be additional risks that the Company does not presently know, or that the Company currently believes to be immaterial, that could also cause actual results to differ materially and adversely from those contained in these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or circumstances after the date of this press release or otherwise, except as may be required by applicable law.

    For more information about Farmers & Merchants Bancorp and F&M Bank, visit fmbonline.com.

    Investor Relations Contact

    Farmers & Merchants Bancorp
    Bart R. Olson
    Executive Vice President and Chief Financial Officer

    Phone: 209-367-2485
    bolson@fmbonline.com

    The MIL Network –

    May 15, 2025

  • MIL-OSI: Euronet’s Money Transfer Segment Adds Visa Direct to Expand Its Industry-Leading Dandelion Real-Time Payments Network

    Source: GlobeNewswire (MIL-OSI)

    BUENA PARK, Calif., May 14, 2025 (GLOBE NEWSWIRE) — Euronet (NASDAQ: EEFT), a global leader in payments processing and cross-border transactions, and its Money Transfer segment (Ria Money Transfer, Xe and Dandelion) announced today a collaboration with Visa, a world leader in digital payments, to make Visa Direct available to its customers. Through this partnership, Dandelion extends its network as an industry leader, expanding its digital payout capabilities, which includes more than 3.2 billion mobile wallet accounts, 4 billion bank accounts, and 624,000 locations across nearly 200 countries and territories, to include 4 billion Visa debit cards.

    According to the World Bank, 52.8% of people aged 15 and above have a debit card. As such, debit card usage has become increasingly prevalent, with expansion being led by financial inclusion initiatives and the adoption of contactless payments.

    The Nilson Report estimates that debit and prepaid card transactions to purchase goods and services will reach USD$1.1 trillion worldwide by 2029. With this service expansion, Euronet’s Money Transfer segment continues to embrace evolving consumer trends by providing customers with an unmatched digital payout offering.

    With the partnership, Euronet’s Money Transfer customers can send funds within minutes to 4 billion Visa debit cards by simply providing the recipient’s name and debit card number. In addition, payment and account data information is dually safeguarded by Visa’s payment security infrastructure and Euronet’s robust compliance framework, offering both convenience and peace of mind for senders and receivers.

    “The shared mission of Euronet’s Money Transfer segment is to enable customers to manage their money movement however they prefer through straight-forward and convenient cross-border payment solutions,” said Juan Bianchi, Euronet’s EVP & CEO Money Transfer segment. “Thanks to this new relationship with Visa, we are now able to expand and enhance our digital offering while upholding the high security standards and impeccable delivery promise our cross-border, real-time payments network is known for.”

    “Visa supports our clients with innovative solutions for simple and secure money transfers. By integrating Visa Direct, Euronet’s Money Transfer segment is poised to further digitize its remittance offering with fast, secure and transparent push-to-card payments,” said Vera Platonova, Chief Revenue Officer and Global Head of Sales and Solutioning Teams, Visa Direct. “This partnership underscores our mutual commitment to delivering exceptional cross-border remittance services for end users around the globe.”

    This is the first step in Euronet and Visa’s collaboration, as both companies remain committed to fostering growth and driving innovation worldwide.

    About Euronet

    Starting in Central Europe in 1994 and growing to a global real-time digital and cash payments network with millions of touchpoints today, Euronet now moves money in all the ways consumers and businesses depend upon. This includes money transfers, credit/debit card processing, ATMs, point-of-sale (POS) services, branded payments, foreign currency exchange and more. With products and services in more than 200 countries and territories provided through its own brand and branded business segments, Euronet and its financial technologies and networks make participation in the global economy easier, faster and more secure for everyone. 

    A leading global financial technology solutions and payments provider, Euronet has developed an extensive global payments network that includes 55,512 installed ATMs, approximately 1,214,000 EFT POS terminals and a growing portfolio of outsourced debit and credit card services which are under management in 69 countries; card software solutions; a prepaid processing network of approximately 735,000 POS terminals at approximately 358,000 retailer locations in 64 countries; and a global money transfer network of approximately 624,000 locations serving 199 countries and territories with digital connections to 4 billion bank accounts, 3.2 billion digital wallet accounts and 4 billion Visa debit cards through Visa Direct. Euronet serves clients from its corporate headquarters in Leawood, Kansas, USA, and 67 offices worldwide. For more information, please visit the Company’s website at www.euronetworldwide.com.

    The MIL Network –

    May 15, 2025

  • MIL-OSI: Enterprise Digital Asset Summit Returns, Highlighting Stablecoins & AI-Driven Finance at SF Tech Week

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, May 14, 2025 (GLOBE NEWSWIRE) — Bitwave, the leading enterprise digital asset finance platform, is thrilled to announce the Enterprise Digital Asset Summit (EDAS), returning for its highly anticipated fourth annual edition on October 8, at the iconic St. Francis Yacht Club in San Francisco.

    “For 2025, we’re embracing two transformative themes: the rise of stablecoin payments and the emergence of agentic AI in back-office operations. EDAS is where you come to learn how these innovations are reshaping enterprise finance,” said Pat White, CEO and Co-Founder of Bitwave.

    “These technologies aren’t theoretical anymore. Stablecoins are here, they’re working, and they’re driving real savings. And AI? It’s not just analyzing spend, it’s executing on-chain today.”

    This year, EDAS takes an exciting step forward by becoming an official part of SF Tech Week, the world’s largest decentralized technology conference presented by a16z, bringing together hundreds of top-tier founders, funds, and companies from around the globe. As digital assets continue to redefine the future of enterprise finance, EDAS remains the industry’s go-to gathering for fresh insights, dynamic thought leadership, and elevated networking opportunities.

    “The age of crypto is here. We are seeing an evolution across industries as more companies evaluate the use of digital assets from investing to operations, transactions and more,” said Rob Massey, Deloitte Tax LLP Partner, Global Tax Leader – Blockchain & Digital Assets.

    “With stablecoin volume and adoption on the rise, the market presents significant opportunities for prospective issuers. EDAS is a fantastic forum to discuss the possibilities and risks – there is much to consider.”

    What to Expect at EDAS 2025

    EDAS is a curated, one-day experience designed for CFOs, financial operators, auditors, accountants, and other enterprise leaders driving the future of finance. With a focus on real-world adoption and a compliance-first strategy, EDAS 2025 is your front-row seat to the next wave of financial innovation.

    Key features of EDAS 2025 include:

    • Dynamic sessions focused on enterprise stablecoin usage, AI-powered financial automation, on-chain payment adoption, and more.
    • A spotlight on agentic finance, exploring how these technologies are redefining accounting, treasury, and compliance.
    • World-class speakers from global institutions, crypto pioneers, and regulatory experts.
    • NASBA-certified continuing education opportunities for accounting and finance professionals.
    • Exclusive venue access at the historic St. Francis Yacht Club, offering unparalleled views of the Golden Gate Bridge and San Francisco Bay.
    • Integration with SF Tech Week — extending networking opportunities with founders, investors, and technologists across multiple disciplines.

    Past speakers and attendees have represented top-tier organizations including Deloitte, RSM, EY, KPMG, Circle, NetSuite, Google, Hedera, and more.

    “At EDAS, we’re not just exploring what’s next, we’re shaping it,” added Amy Kalnoki, Co-Founder and COO of Bitwave.

    “Whether you’re a Fortune 500 finance lead or a crypto-native innovator, this event delivers the practical insights and connections to lead in this new era of enterprise finance.”

    Now in its fourth year, EDAS continues to serve as the premier forum for enterprise finance leaders to unlock the promise of compliant, efficient, and forward-thinking digital asset adoption.

    How to Attend

    Limited early-bird passes are now available at edas.live. Attendees are encouraged to register early to secure access to this high-impact event.

    About Bitwave
    Bitwave is the #1 digital asset subledger and on-chain finance platform for businesses.

    Built for enterprises and institutions, Bitwave simplifies digital asset tax, accounting, and payment workflows for global finance teams – all with a comprehensive, audit-ready platform.

    Trusted by Fortune 100 leaders, Bitwave delivers the reliability, security, and control demanded by today’s leading finance teams. We enable the digital asset economy with scalable financial operations.

    For more, visit bitwave.io.

    Media Contact:
    Kaleb Leija
    VP of Marketing, Bitwave
    marketing@bitwave.io

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1d555f10-1dd1-4d44-8f87-54270109b958

    The MIL Network –

    May 15, 2025

  • MIL-OSI: Sprout Social Unveils New Innovations in its Care Solution, Empowering Brands to Drive Business with Proactive Social Care

    Source: GlobeNewswire (MIL-OSI)

    • Innovations to Care by Sprout will enable marketers to provide proactive, secure and insights-driven customer care on social.
    • New releases, available today, include additional bot channels, customizable workflows, compliance and governance capabilities, as well as more holistic reporting functionality.
    • Sprout announces its upcoming AI agent integration to resolve inquiries in seconds and free teams from repetitive tasks using a trained bot deployed across multiple channels.

    CHICAGO, May 14, 2025 (GLOBE NEWSWIRE) — Sprout Social (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced a set of new innovations to its Care by Sprout Social solution. Designed to help brands meet rising customer expectations, the new features empower teams to deliver more proactive, secure and insights-driven social care–elevating support from a reactive necessity to a strategic business driver. Sprout Social also announced an upcoming AI agent integration, which will further enhance the care experience for customers and drive even more efficiency and impact for brands.

    Social media has become central to product discovery and purchasing, which means brands must deliver fast, personalized social care across platforms or risk losing vital customer trust and business. In fact, 73% of consumers say they will buy from a competitor if a brand doesn’t reply to them on social. While reactive support is expected, the new innovations in Care by Sprout empower brands to deliver proactive care, turning positive interactions into business assets that build loyalty and attract new customers.

    “We’re entering a new era where social care is a key differentiator, influencing purchasing decisions and shaping brand loyalty,” said Scott Morris, Sprout Social’s Chief Marketing Officer. “These latest innovations give brands the tools to not only meet but exceed customer expectations, turning care into a powerful driver of business outcomes across the organization. As technology and expectations continue to accelerate, our focus remains on building an adaptable, powerful platform that keeps our customers ahead of the curve.”

    Key Innovations in Care by Sprout:

    • Harness the Power of AI: Sprout’s upcoming AI agent integration will quickly resolve routine care inquiries, allowing human agents to dedicate their time on more complex, meaningful tasks.
    • Automate for Efficiency: New bot channels, such as Instagram and WhatsApp, along with enhanced flexibility features like Queue Customizations, empower teams to engage customers across more platforms, streamline agent workflows, and allow brands to tailor social care programs to their specific needs.
    • Proactively Protect Your Brand: New governance and compliance capabilities enable brands to manage more complex social care cases within social—eliminating the need to deflect to traditional channels. With secure forms and data masking, customer data stays protected, while access controls and blocked word settings help teams maintain security and brand integrity.
    • Unlock Actionable Insights: New Cases API allows brands to easily connect social care data to broader datasets for more holistic insights, while features like goal time reporting help brands better understand their team operations and trends over time.

    “At ScottsMiracle-Gro, we’ve realized that social care isn’t just a support function but a strategic imperative that the success of our entire organization relies on,” said Sara Smith, Manager of Consumer Services at ScottsMiracle-Gro. “Sprout Social has helped us embrace this shift by providing an intuitive platform that brings our social and care teams together, enabling us to connect more effectively with our audiences and strengthen customer relationships. Social is now where critical engagement happens, and with Sprout, we’re navigating this new era of care as a united front that’s always ready to show up for our customers.”

    These enhancements further build on Sprout’s innovative care solution, which features AI capabilities, intuitive workflows and an industry-leading integration with Salesforce Service Cloud. The updates will be featured in today’s Breaking Ground, Sprout’s quarterly showcase of the company’s latest product updates and cutting-edge industry insights.

    For more information on Care by Sprout Social, please visit https://sproutsocial.com/social-customer-service/

    Social Media Profiles:
    www.x.com/SproutSocial
    www.x.com/SproutSocialIR
    www.facebook.com/SproutSocialInc
    www.linkedin.com/company/sprout-social-inc-/
    www.instagram.com/sproutsocial

    Contact
    Media:
    Kaitlyn Gronek
    Email: pr@sproutsocial.com
    Phone: (773) 904-9674

    Investors:
    Lexi Johnson
    Email: lexi.johnson@sproutsocial.com
    Phone: (312) 528-9166

    About Sprout Social

    Sprout Social is a global leader in social media management and analytics software, built on the belief that All Business is Social℠. Sprout’s intuitive platform puts powerful social data into the hands of approximately 30,000 brands so they can deliver smarter, faster business impact. Named the #1 Best Software Product by G2’s 2024 Best Software Award, Sprout offers comprehensive publishing and engagement functionality, customer care, influencer marketing, advocacy, and AI-powered business intelligence. Sprout’s software operates across all major social media networks and digital platforms. For more information about Sprout Social (NASDAQ: SPT), visit sproutsocial.com.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “can,” “continue,” “could,” “enables,” “estimate,” “expect,” “explore,” “intend,” “long-term model,” “may,” “might” “outlook,” “plan,” “potential,” “predict,” “project,” “should,” “strategy,” “target,” “will,” “would,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. However, not all forward-looking statements contain these identifying words. These statements may relate to the success, performance, and effect on our business and customers of our product features, our market size and growth strategy, our estimated and projected costs, margins, revenue, expenditures and customer and financial growth rates, our plans and objectives for future operations, growth, initiatives or strategies. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the forward-looking statements. These assumptions, uncertainties and risks include that, among others: we may not be able to sustain our revenue and customer growth rate in the future; price increases have and may continue to negatively impact demand for our products, customer acquisition and retention and reduce the total number of customers or customer additions; our business would be harmed by any significant interruptions, delays or outages in services from our platform, our API providers, or certain social media platforms; if we are unable to attract potential customers through unpaid channels, convert this traffic to free trials or convert free trials to paid subscriptions, our business and results of operations may be adversely affected; we may be unable to successfully enter new markets, manage our international expansion and comply with any applicable international laws and regulations; we may be unable to integrate acquired businesses or technologies successfully or achieve the expected benefits of such acquisitions and investments; unstable market, economic, and political conditions, such as recession risks, effects of inflation, trade tensions, changes in government spending, labor shortages, supply chain issues, high interest rates, and the impacts of current and potential future bank failures and impacts of ongoing overseas conflicts, could adversely impact our business and that of our existing and prospective customers, which may result in reduced demand for our products; we may not be able to generate sufficient cash to service our indebtedness; covenants in our credit agreement may restrict our operations, and if we do not effectively manage our business to comply with these covenants, our financial condition could be adversely impacted; any cybersecurity-related attack, significant data breach or disruption of the information technology systems or networks on which we rely could negatively affect our business; and changing regulations relating to privacy, information security and data protection could increase our costs, affect or limit how we collect and use personal information and harm our brand. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” and elsewhere in our filings with the Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on February 26, 2025, and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 filed with the SEC on May 8, 2025, as well as any future reports that we file with the SEC. Moreover, you should interpret many of the risks identified in those reports as being heightened as a result of the current instability in market, economic, and political conditions. Forward-looking statements speak only as of the date the statements are made and are based on information available to Sprout Social at the time those statements are made and/or management’s good faith belief as of that time with respect to future events. Sprout Social assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law.

    The MIL Network –

    May 15, 2025

  • MIL-OSI: insightsoftware Unveils New Leadership and Expands Business Unit Model to Accelerate Innovation for the Office of the CFO

    Source: GlobeNewswire (MIL-OSI)

    RALEIGH, N.C., May 14, 2025 (GLOBE NEWSWIRE) — insightsoftware, the most comprehensive provider of solutions for the Office of the CFO, recently finalized a strategic realignment into four dedicated business units: ERP Reporting & BI, EPM, Controllership, and Data & Analytics. This new structure mirrors how modern finance teams operate, enabling insightsoftware to align with the evolving needs of CFOs and their organizations. By aligning to key functional areas within the Office of the CFO, the company is deepening its market focus, accelerating AI-powered product innovation, and enhancing the customer experience across its global footprint.

    “As we scale and adapt to market demands, we’ve refined our organizational structure to help us move faster and remain close to our customers,” said Mike Sullivan, CEO of insightsoftware. “Expanding to four business units sharpens our focus on innovation, accelerates product development, and creates new opportunities to enhance how we work with customers and partners. Our newly appointed leaders will play a key role in delivering the speed, agility, and insight that today’s CFOs demand.”

    As part of this evolution, insightsoftware is also announcing new Executive Leadership Team members:

    Jennifer Warawa joins as General Manager of the Controllership business unit. With more than 25 years of experience in the Office of the CFO landscape, Jennifer brings a proven track record of operational excellence and customer-centric product development. Most recently, she served as president of North America at QuickFee, a payment technology platform. Prior to that, she held executive roles at Sage, where she focused on commercial strategy, partner development, and driving innovation across global markets. In her new role, Jennifer will oversee the equity management, lease lifecycle management, and tax reporting solutions, enhancing insightsoftware’s ability to deliver trusted and effective solutions for its customers.

    Chad Theule joins insightsoftware as Chief Customer Officer. He is a seasoned executive with more than 25 years of experience in customer success, leadership, and sales. Chad’s background includes serving as Vice President of Go-To-Market success at UKG, where he led initiatives to improve customer outcomes and expand relationships with key partners. At insightsoftware, Chad will focus on enhancing the customer experience, optimizing customer success strategies, and deepening relationships with customers.

    Lindsey Paschal has been promoted to Chief Marketing Officer. Since joining insightsoftware in 2020, Lindsey has been instrumental in shaping and scaling the Marketing organization, most recently as SVP, Global Growth Marketing. She has been a pillar of the department, leading rapid expansion of the team and helping to realign Marketing with the company’s evolving business unit structure. Previously, Lindsey held leadership positions at Relias, a B2B software company serving healthcare organizations, where she led product marketing teams and stood up a corporate marketing function. As CMO of insightsoftware, she will drive global marketing initiatives, focusing on brand growth, customer engagement, and driving impactful results that push the company toward its strategic objectives.

    Finance teams are under immense pressure to make high-stakes decisions with speed and precision. With extensive financial reporting solutions that drive efficiency, ensure compliance, and enhance agility, insightsoftware is empowering teams to build the resilience required to navigate any environment. As insightsoftware continues to scale and innovate, its strategic realignment and leadership appointments strengthen the company’s ability to deliver cutting-edge solutions and exceptional service to the Office of the CFO.

    Learn more about how insightsoftware is redefining the way finance teams operate at insightsoftware.com.

    About insightsoftware
    insightsoftware is a global provider of comprehensive solutions for the Office of the CFO. We believe an actionable business strategy begins and ends with accessible financial data. With solutions across financial planning and analysis (FP&A), accounting, and operations, we transform how teams operate, empowering leaders to make timely and informed decisions. With data at the heart of everything we do, insightsoftware enables automated processes, delivers trusted insights, boosts predictability, and increases productivity. Learn more at insightsoftware.com.

    Media Contacts
    Inkhouse for insightsoftware
    insightsoftware@inkhouse.com

    Daniel Tummeley
    Corporate Communications Manager
    PR@insightsoftware.com

    The MIL Network –

    May 15, 2025

  • MIL-OSI: Gregg Wheeler joins TXI as Chief Revenue Officer

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 14, 2025 (GLOBE NEWSWIRE) — TXI, a Chicago-based digital consultancy that helps companies turn complex data into usable digital tools, has appointed Gregg Wheeler as its new Chief Revenue Officer (CRO). Wheeler joins the team as TXI deepens its focus on digital transformation in industrial sectors and the rising demand for data- and AI-driven solutions.

    Wheeler brings more than 25 years of experience leading revenue strategy and business development at consulting and technology firms. He previously held leadership roles at Distillery, Solstice, and Kin + Carta, where he built growth teams, secured multimillion-dollar engagements, and led client partnerships across financial services, manufacturing, logistics, fintech, and agtech.

    As CRO, Wheeler is shaping how TXI brings its work to market. He’s refining sales processes, formalizing business development operations, and helping the company scale in a way that aligns with its approach: collaboratively, cross-functionally, and with long-term client success in mind.

    “Gregg brings the kind of steady, systems-minded leadership that helps teams grow with clarity and intention,” said Mark Rickmeier, CEO of TXI. “He leads our go-to-market strategy, refines sales operations and aligns our growth approach with evolving client needs—helping us scale in a way that stays true to how we work and what we value. That’s especially important as we continue to expand our work in emerging technologies and high-impact data initiatives.”

    Wheeler has worked alongside TXI’s executive team for years and understands how the company solves problems. His collaborative style fits naturally with TXI’s close-knit, high-trust approach to working internally and with clients.

    “What drew me to TXI was the rare combination of purpose, skill, and integrity,” said Wheeler. “It’s a team that tackles complex challenges with care and rigor and values how the work gets done just as much as the outcomes. I’ve respected TXI for years and am excited to help grow the business in a way that stays true to that mindset.”

    Wheeler’s appointment is part of TXI’s broader effort to bring more structure to its growth and modernize industry through data, AI, and emerging tech—while staying true to its founding values.

    About TXI
    TXI is an award-winning digital product agency headquartered in Chicago. For over 20 years, our team of strategists, designers, engineers, and delivery experts have created experience-led data products from concept to execution. Within the manufacturing, logistics, healthcare and education sectors, TXI partners with clients from startups to Fortune 100s to fuel growth by giving users the digital products they want to use. We blend product, design and engineering across web, mobile, IoT, and data into an integrated approach that is critical to our partners’ success. To learn more about TXI, visit txidigital.com.

    Media Contact:
    Rachel Morrison
    Rachel@Propllr.com

    The MIL Network –

    May 15, 2025

  • MIL-OSI: Silynxcom Announces Record Annual Revenue of Approximately $9.1 million in 2024

    Source: GlobeNewswire (MIL-OSI)

    Netanya, Israel, May 14, 2025 (GLOBE NEWSWIRE) — Silynxcom Ltd. (NYSE American: SYNX) (“Silynxcom” or the “Company”), a manufacturer and developer of ruggedized tactical communication headset devices, has released its consolidated financial results for the full year period ended December 31, 2024. 

    Key Financial Highlights for 2024:

    • Revenues for the year ended December 31, 2024 increased to a record of $9.1 million, up approximately 18% from the previous year. This growth reflects the Company’s ongoing expansion and product adoption.
       
    • Cash and cash equivalents as of December 31, 2024 totaled $3.2 million.
       
    • Gross profit for the year ended December 31, 2024 amounted to approximately $3.8 million, up 17% compared to $3.2 million from the same period in the previous year.

    Recent Corporate Highlights:

    • On April 2, 2025, the Company announced the closing of underwritten public offering of, for gross proceeds of approximately $2.9 million, before deducting underwriting discounts and offering expenses.
       
    • Entry into drone detection technology- the Company introduced an armored personnel carrier headset that enhances battlefield awareness by detecting drone noise while maintaining hearing protection.
       
    • Received $10 Million in orders from the Israel Defense Forces Since October 7, 2023.
       
    • Asia Pacific Growth- expanded sales operations in the Asia Pacific region.
       
    • Enhanced its position as a market innovator with new orders from militaries, special units and police departments worldwide.
       
    • Advanced its revolutionary in-ear communication solution with real-time vital signs monitoring.
       
    • Successfully completed field trials for its innovative product, aimed at boosting situational awareness and safety for armored personnel carrier crews and other heavy military vehicles, with a military force in Asia.

    The Company has filed its Annual Report on Form 20-F for the year ended December 31, 2024 (the “Annual Report”) with the U.S. Securities and Exchange Commission (“SEC”), which can be accessed on its website at https://www.silynxcom.com/. Shareholders may request, free of charge, a hard copy of the Annual Report, which includes Silynxcom’s complete audited consolidated financial statements for the year ended December 31, 2024, by contacting ir@silynxcom.com.

    About Silynxcom Ltd.

    Silynxcom Ltd. develops, manufactures, markets, and sells ruggedized tactical communication headset devices as well as other communication accessories, all of which have been field-tested and combat-proven. The Company’s in-ear headset devices, or In-Ear Headsets, are used in combat, the battlefield, riot control, demonstrations, weapons training courses, and on the factory floor. The In-Ear Headsets seamlessly integrate with third party manufacturers of professional-grade ruggedized radios that are used by soldiers in combat or by police officers in leading military and law enforcements units. The Company’s In-Ear Headsets also fit tightly into the protective gear to enable users to speak and hear clearly and precisely while they are protected from the hazardous sounds of combat, riots or dangerous situations. The sleek, lightweight, In-Ear Headsets include active sound protection to eliminate unsafe sounds, while maintaining ambient environmental awareness, giving their customers 360° situational awareness. The Company works closely with its customers and seek to improve the functionality and quality of the Company’s products based on actual feedback from soldiers and police officers “in the field.” The Company sells its In-Ear Headsets and communication accessories directly to military forces, police and other law enforcement units. The Company also deals with specialized networks of local distributors in each locale in which it operates and has developed key strategic partnerships with radio equipment manufacturers.

    For additional information about the company please visit: https://silynxcom.com

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws and are subject to substantial risks and uncertainties. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Company’s Annual Report on Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 13, 2025, and other documents filed with or furnished to the SEC which are available on the SEC’s website, www.sec.gov. The Company cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Capital Markets & IR Contact

    Michal Efraty
    ir@silynxcom.com

    The MIL Network –

    May 15, 2025

  • MIL-OSI: NB Private Equity Limited: Holding(s) in Company

    Source: GlobeNewswire (MIL-OSI)

    TR-1: Standard form for notification of major holdings

    1. Issuer Details
    ISIN
    GG00B1ZBD492
    Issuer Name
    NB PRIVATE EQUITY PARTNERS LIMITED
    UK or Non-UK Issuer
    Non-UK
    2. Reason for Notification
    An acquisition or disposal of voting rights; An event changing the breakdown of voting rights
    3. Details of person subject to the notification obligation
    Name
    Quilter Plc
    City of registered office (if applicable)
    London
    Country of registered office (if applicable)
    United Kingdom
    4. Details of the shareholder
    Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

    City of registered office (if applicable)

    Country of registered office (if applicable)

    5. Date on which the threshold was crossed or reached
    08-May-2025
    6. Date on which Issuer notified
    14-May-2025
    7. Total positions of person(s) subject to the notification obligation

    . % of voting rights attached to shares (total of 8.A) % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) Total of both in % (8.A + 8.B) Total number of voting rights held in issuer
    Resulting situation on the date on which threshold was crossed or reached 9.997996 0.000000 9.997996 4558054
    Position of previous notification (if applicable) 10.002160 0.000000 10.002160  

    8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
    8A. Voting rights attached to shares

    Class/Type of shares ISIN code(if possible) Number of direct voting rights (DTR5.1) Number of indirect voting rights (DTR5.2.1) % of direct voting rights (DTR5.1) % of indirect voting rights (DTR5.2.1)
    GG00B1ZBD492   4558054   9.997996
    Sub Total 8.A 4558054 9.997996%

    8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

    Type of financial instrument Expiration date Exercise/conversion period Number of voting rights that may be acquired if the instrument is exercised/converted % of voting rights
             
    Sub Total 8.B1      

    8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

    Type of financial instrument Expiration date Exercise/conversion period Physical or cash settlement Number of voting rights % of voting rights
               
    Sub Total 8.B2      

    9. Information in relation to the person subject to the notification obligation
    2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

    Ultimate controlling person Name of controlled undertaking % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher than the notifiable threshold Total of both if it equals or is higher than the notifiable threshold
    Quilter Plc Quilter Investors Limited 0.321743   0.321743%
    Quilter Plc Quilter Cheviot Europe Limited 0.331779   0.331779%
    Quilter Plc Quilter Cheviot Limited 8.182416   8.182416%
    Quilter Plc Quilter Cheviot International Limited 1.162057   1.162057%

    10. In case of proxy voting
    Name of the proxy holder

    The number and % of voting rights held

    The date until which the voting rights will be held

    11. Additional Information

    12. Date of Completion
    14-May-2025
    13. Place Of Completion
    London, UK

    The MIL Network –

    May 15, 2025

  • MIL-OSI: Bitget Wallet and Reserve Launch Onchain Index Fund

    Source: GlobeNewswire (MIL-OSI)

    SAN SALVADOR, El Salvador, May 14, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, the leading non-custodial crypto wallet, has integrated Reserve’s Decentralized Token Folios (DTFs), introducing a new onchain index fund experience to retail crypto users. DTFs allow users to gain exposure to a diversified set of digital assets through a single token, removing the need to manage multiple positions individually.

    DTFs operate as blockchain-native equivalents to ETFs, offering theme-based portfolios that group tokens from areas like large-cap assets, AI, and emerging blockchain ecosystems. Built on Reserve, these indexes are permissionless, fully self-custodied, and transparently managed by smart contracts. Users can view portfolio composition, performance, and circulating supply directly onchain, and can mint or redeem DTFs at any time—without intermediaries or centralized approval.

    “Our goal with DTFs is to give users a simple and transparent way to gain exposure to key areas of the crypto economy,” said Thomas Mattimore, CEO of ABC Labs, the core team behind Reserve. “Through Bitget Wallet’s integration, we’re making this accessible to a wider user base who may not want to actively manage portfolios but still want to participate in broader market or narrative trends.”

    Developed by Reserve, a decentralized asset platform backed by Coinbase Ventures, Peter Thiel, and Sam Altman, DTFs aim to simplify how crypto users manage diversified exposure. Bitget Wallet currently supports four Reserve-issued DTFs: $BGCI, which tracks the Bloomberg Galaxy Crypto Index; $CLX, focused on the Clanker ecosystem; $ABX, a DAO-governed portfolio of Base chain projects; and $MVTT10F, which tracks the MarketVector Token Terminal Fundamental Index, an index based on fundamentals like fees and user activity. These tokens are now available for purchase and tracking within the Bitget Wallet app.

    “DTFs are part of a broader evolution in how people interact with digital assets,” said Alvin Kan, COO of Bitget Wallet. “As the ecosystem matures, users are looking for tools that offer both simplicity and strategic exposure. Integrating DTFs into the wallet makes this type of investing more accessible — and through this campaign, we aim to accelerate adoption.”

    To introduce the product to more users, Bitget Wallet and Reserve have launched a joint campaign running from May 14 to June 14, 2025, offering $200,000 rewards in USDC. Eligible users who hold DTFs or trade them within the wallet app will qualify for the prize pool, with additional rewards tied to activity levels. The campaign is designed to encourage participation from both first-time and experienced users.

    For more information, visit Bitget Wallet blog.

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

    For more information, visit: X | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord | Facebook

    For media inquiries, contact media.web3@bitget.com

    About Reserve
    Reserve is a free, permissionless platform to create, own, and govern DTFs (Decentralized Token Folios) — index products and asset-backed currencies launched on its protocols. Reserve’s mission is to create a more accessible financial system through decentralized index technology, allowing anyone to build and manage token baskets that work like traditional ETFs but with the benefits of blockchain.

    For more information, visit reserve.org

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/886abef9-1d57-44e0-88b2-86f4eeba9494

    The MIL Network –

    May 15, 2025

  • MIL-OSI: Primech Regains Compliance with Nasdaq’s Minimum Bid Price Requirement

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 14, 2025 (GLOBE NEWSWIRE) — Primech Holdings Limited (“Primech” or the “Company”) (Nasdaq: PMEC), an established technology-driven facility services provider in the public and private sectors operating mainly in Singapore, today announced that it has received notice from the Nasdaq Stock Market (“Nasdaq”) on May 13, 2025 informing the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the “Rule”) for continued listing on The Nasdaq Capital Market. 

    Primech was previously notified by Nasdaq on May 14, 2024 that it was not in compliance with the minimum bid price rule because its ordinary share failed to meet the closing bid price of $1.00 or more for 30 consecutive business days. In order to regain compliance with the Rule, the Company was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days. This requirement was met on May 12, 2025, the tenth consecutive trading day when the closing bid price of the Company’s ordinary share was over $1.00. Therefore, Nasdaq considers the prior bid price deficiency matter now closed.

    “We are pleased to have regained compliance with Nasdaq’s listing standards,” said Kin Wai Ho, CEO of Primech Holdings Limited. “This reflects the resilience of our business model and the unwavering dedication of our team. We remain focused on our growth initiatives to expand our market presence in the facility services sector, particularly our AI-powered cleaning technologies.”

    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 –

    May 15, 2025

  • MIL-OSI: Fiera Capital Corporation announces $60 million bought deal offering of 7.75% Senior Subordinated Unsecured Debentures

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, May 14, 2025 (GLOBE NEWSWIRE) — Fiera Capital Corporation (“Fiera Capital” or the “Company”) (TSX: FSZ) is pleased to announce that it has entered into an agreement with Scotiabank, CIBC Capital Markets, Desjardins Capital Markets and RBC Capital Markets, as joint bookrunners, on behalf of a syndicate of underwriters which also included National Bank Financial Inc., BMO Capital Markets, TD Securities Inc., Canaccord Genuity Corp., iA Private Wealth Inc. and Raymond James Ltd. (collectively, the “Underwriters”), whereby the Underwriters have agreed to purchase $60 million aggregate principal amount of senior subordinated unsecured debentures due June 30, 2030 (the “Debentures”) at a price of $1,000 per Debenture (the “Offering”). Fiera Capital has also granted the Underwriters an option to purchase up to an additional $9 million aggregate principal amount of Debentures, on the same terms and conditions, exercisable in whole or in part, for a period of 30 days following closing of the Offering. The Offering is expected to close on or about June 3, 2025.

    The Debentures will bear interest at a rate of 7.75% per annum, payable semi-annually in arrears on June 30 and December 31 of each year, with the first interest payment on December 31, 2025. The December 31, 2025 interest payment will represent accrued interest from the closing of the Offering, to but excluding December 31, 2025. The Debentures will mature on June 30, 2030 (the “Maturity Date”).

    The Debentures will not be redeemable prior to June 30, 2028 (the “First Call Date”), except upon the occurrence of a change of control of the Company in accordance with the terms of the indenture (the “Indenture”) governing the Debentures. On and after the First Call Date and prior to June 30, 2029, the Debentures will be redeemable in whole or in part from time to time at the Company’s option at a redemption price equal to 103.875% of the principal amount of the Debentures redeemed plus accrued and unpaid interest, if any, up to but excluding the date set for redemption. On and after June 30, 2029 and prior to the Maturity Date, the Debentures will be redeemable, in whole or in part, from time to time at the Company’s option at par plus accrued and unpaid interest, if any, up to but excluding the date set for redemption. The Company shall provide not more than 60 nor less than 30 days’ prior notice of redemption of the Debentures.

    The Company will have the option to satisfy its obligation to repay the principal amount of the Debentures due at redemption or maturity by issuing and delivering that number of freely tradeable Class A subordinate voting shares (the “Class A Shares”) in accordance with the terms of the Indenture.

    The Debentures will not be convertible into Class A Shares at the option of the holders at any time.

    The net proceeds of the Offering will be used to fund the redemption of the Company’s 8.25% Senior Subordinated Unsecured Debentures due December 31, 2026 (the “2026 Debentures”) that the Company intends to effect on the first call-date, December 31, 2025, and for general corporate purposes. Pending such use, the net proceeds from the Offering will temporarily be used by the Company to reduce indebtedness under the Company’s unsecured revolving credit facility. The foregoing is not a redemption notice with respect to the 2026 Debentures. Any redemption of the 2026 Debentures will be made pursuant to a notice of redemption under the indenture governing those securities.

    The Debentures will be direct, senior subordinated unsecured obligations of the Company which will rank pari passu with one another and will rank (a) effectively subordinate to any existing and future secured indebtedness of the Company but only (other than with respect to the Senior Credit Facilities (as defined in the Indenture)) to the extent of the value of the assets securing such secured indebtedness, (b) subordinate to the obligations under the current and future Senior Credit Facilities (as defined in the Indenture), (c) pari passu with the Company’s existing 2026 Debentures and 6.00% Senior Subordinated Unsecured Debentures due June 30, 2027 and, except as prescribed by law, all existing and future unsecured indebtedness (other than the Senior Credit Facilities) that by its terms is not subordinated in right of payment to the Debentures, including indebtedness to trade creditors, and (d) senior to all existing and future unsecured indebtedness that by its terms is subordinated in right of payment to the Debentures, including any convertible unsecured subordinated debentures which may be issued by the Company in the future. In addition, the Debentures will be structurally subordinated to all existing and future indebtedness and other liabilities of the Company’s subsidiaries.

    A preliminary short form prospectus will be filed with securities regulatory authorities in all provinces of Canada. The Offering is subject to customary regulatory approvals, including the approval of the Toronto Stock Exchange.

    The securities to be offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

    Legal advisors

    Legal advice is being provided to Fiera Capital by Fasken Martineau DuMoulin LLP. Legal advice is being provided to the Underwriters by Norton Rose Fulbright Canada LLP.

    Forward-Looking Statements

    This document may contain certain forward-looking statements relating to future events or, future performance reflecting management’s expectations or beliefs regarding future events, including, without limitation, business and economic conditions, outlook and trends, Fiera Capital’s growth, results of operations, performance, business prospects and opportunities, objectives, plans and strategic priorities, new initiatives, such as those related to sustainability and other statements that do not refer to historical facts. In particular, this press release includes forward-looking statements relating to the proposed timing of completion of the Offering and the anticipated use of the net proceeds of the Offering. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. These forward-looking statements may typically be identified by words and expressions such as “assumption, “continue”, “estimate”, “forecast”, “goal”, “guidance”, “likely”, “plan”, “objective”, “outlook”, “potential”, “foresee”, “project”, “strategy”, “target”, and other similar words or expressions or future or conditional verbs (including in their negative form), such as “aim”, “anticipate”, “believe”, “could”, “expect”, “foresee”, “intend”, “may”, “plan”, “predict”, “seek”, “should”, “strive” and “would”.

    Forward-looking statements, by their very nature, are subject to inherent risks and uncertainties and are based on several assumptions, which make it possible for actual results or events to differ materially from management’s expectations and that predictions, forecasts, projections, expectations, conclusions or statements will not prove to be accurate. As a result, Fiera Capital does not guarantee that any forward-looking statement will materialize and readers are cautioned not to place undue reliance on these forward-looking statements. These risks include, but are not limited to, the failure or delay in satisfying any of the conditions to the completion of the Offering. Additional factors include, but are not limited to, market and general economic conditions, the nature of the financial services industry, and the risks and uncertainties detailed from time to time in Fiera Capital’s interim condensed and annual consolidated financial statements, and its latest Annual Report and Annual Information Form filed on www.sedarplus.ca. These forward-looking statements are made as of the date of this document, and Fiera Capital assumes no obligation to update or revise them to reflect new events or circumstances.

    About Fiera Capital Corporation

    Fiera Capital is a leading independent asset management firm with a growing global presence. The Company delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients across North America, Europe and key markets in Asia and the Middle East. Fiera Capital’s depth of expertise, diversified investment platform and commitment to delivering outstanding service are core to our mission of being at the forefront of investment management science to create sustainable wealth for clients. Fiera Capital trades under the ticker FSZ on the Toronto Stock Exchange.

    Headquartered in Montreal, Fiera Capital, with its affiliates in various jurisdictions, has offices in over a dozen cities around the world, including New York (U.S.), London (UK), Hong Kong (SAR) and Abu Dhabi (ADGM).

    Each affiliated entity (each an “Affiliate”) of Fiera Capital only provides investment advisory or investment management services or offers investment funds in the jurisdictions where the Affiliate is authorized to provide services pursuant to the relevant registrations, an exemption from such registrations and/or the relevant product is registered or exempt from registration.

    Fiera Capital does not provide investment advice to U.S. clients or offer investment advisory services in the U.S. In the U.S., asset management services are provided by Fiera Capital’s Affiliates who are investment advisers that are registered with the U.S. Securities and Exchange Commission (SEC) or exempt from registration. Registration with the SEC does not imply a certain level of skill or training. For details on the particular registration of, or exemptions therefrom relied upon by, any Fiera Capital entity, please consult https://www.fieracapital.com/en/registrations-and-exemptions

    Additional information about Fiera Capital, including its Annual Information Form, is available on SEDAR+ at www.sedarplus.ca

    SOURCE Fiera Capital Corporation

    The information contained in press releases and company news is valid as of the date indicated. You should not assume that statements remain accurate or valid after the date.

    For more information: Analysts and investors, Marie-France Guay, Senior Vice President, Treasury and Investor Relations, Fiera Capital Corporation, 514 294-5878, mguay@fieracapital.com

    The MIL Network –

    May 15, 2025

  • MIL-OSI: Sustain SoCal to Host Agriculture, Food Systems and Waste Stream Innovations event on May 15

    Source: GlobeNewswire (MIL-OSI)

    NEWPORT BEACH, Calif., May 14, 2025 (GLOBE NEWSWIRE) — via InvestorWire — Sustain Southern California (“Sustain SoCal”) is excited to announce the upcoming Agriculture, Food Systems and Waste Stream Innovations event, scheduled for Thursday, May. 15, 2025 from 1pm to 7pm. The event will take place in person at UCI Beall Applied Innovation, 5270 California Ave # 100, Irvine, CA 92617.

    With the extensive overlap between the themes of Agriculture and Food Systems, as well as Waste and Circularity, these two series are being strategically combined into a single event which will take place on the above mentioned date. The synergistic agenda shall drive comprehensive discussions along the entire spectrum of the supply chain right from agtech, farm to table, packaging innovations, and waste management policy.

    Bringing together renowned experts with decades of combined agriculture, waste management and sustainable circularity experience, this event promises to be a can’t-miss gathering for those interested in ensuring abundant food security, maintaining enviro-human health securing the farming future of the Southern California region, and waste management innovations.

    Recognized pioneers and policy experts from Southern California and surrounding regions will converge to share their invaluable perspectives, practical insights, and vision with attendees across a broad spectrum of areas.

    Speaker sessions and panel discussions shall be primarily explore the following thematic areas:

    1. Urban Agriculture

    Key experts shall discuss fundamental issues such as encouraging locally-sourced food ecosystems including farm-to-table initiatives; developing incentive structures to enable businesses to switch to affordable, eco-packaging; and exploration of ‘beyond the green bin’ end-of-life strategies in the secondary markets.

    Speakers shall delve into Case Study A on AgTech and Soil Health, weaving together issues related to regenerative practices, soil health and agtech advancements.

    2. Combating the “Ick” Factor Associated with SB1383

    One of the key challenges in sustainable waste management is the separation of green waste at the household and business levels. Some of the foremost minds at the intersection of behaviour change and sustainability shall enlighten attendees on designing educational and infrastructure systems that encourage a high-level of compliance to strenghten SB1383 (“California’s Short-Lived Climate Pollutant Reduction Strategy”).

    Moreover, innovations on managing kitchen and bin odors that present a challenge to our cities shall be discussed.

    In a special session, experts from Sustain SoCal and OC Waste and Recycling shall review their findings in the Multifamily Roundtable series.

    Case Study B on SB54 and Regulatory Burdens (“Plastic Pollution Prevention and Packaging Producer Responsibility Act”) shall also be presented, including issues of extended producer responsibility (EPR) and encouraging the streamlining of waste management efforts.

    3. Hazardous Waste Management

    In the third section of the event, invited speakers shall unpack efforts to improve the waste management of dangerous items such as paint and batteries; and share their perspectives on business opportunities in secondary life systems.

    The event also offers attendees a unique opportunity to directly engage with thought leaders and leverage their expertise to better understand cutting-edge concepts, technologies, future market opportunities, products, services, and the regulatory landscape.

    C. Scott Kitcher, President, and CEO of Sustain SoCal, emphasized the importance of the event, stating,

    “We are pleased to offer a new initiative – Agriculture, Food Systems and Waste Stream Innovations which shall provide a new-age forum for industry experts, businesspersons and agricultural enterprises, policymakers and academics. To drive progress on sustainability, it is more important than ever to take a multi-pronged strategy integrating our knowledge of farmers’ challenges, restaurant business practices, technology-enabled sustainability practices, end-of-life strategies, wider educational initiatives and public innovations, and sharpen the design, adoption and implementation of supportive regulatory regimes and outreach activities. At the May event, invited experts will also share their perspectives and practical opportunities on agricultural science, business, behavorial and policy innovation, and sustainable circularity in the farm-to-restaurant supply chain and other secondary waste markets. We would like to extend special thanks to UCI Beall Applied Innovation that have remained incredibly steadfast in their support for our mission for over a decade. Their profound expertise would be a great asset to anyone in the industry making this a must-attend event for farmers, local food service workers and waste management professionals, both in Southern California and beyond.”

    For more information and registration details, visit: https://sustainsocal.org/event/ag-food-waste/.

    About Sustain SoCal

    Sustain SoCal, a non-profit organization, accelerates sustainability and economic growth through innovation, collaboration and education in Southern California. The organization has a ten-year history of exploring and implementing pragmatic, real-world solutions to the challenges created by growth, change and inefficiency. It conducts conferences, workshops and networking events that lead to initiatives that positively impact our region’s economic progress and sustainability. For more information, please visit www.sustainsocal.org.

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    The MIL Network –

    May 15, 2025

  • MIL-OSI Global: The US and China have reached a temporary truce in the trade wars, but more turbulence lies ahead

    Source: The Conversation – Global Perspectives – By Peter Draper, Professor, and Executive Director: Institute for International Trade, and Jean Monnet Chair of Trade and Environment, University of Adelaide

    Defying expectations, the United States and China have announced an important agreement to de-escalate bilateral trade tensions after talks in Geneva, Switzerland.

    The good, the bad and the ugly

    The good news is their recent tariff increases will be slashed. The US has cut tariffs on Chinese imports from 145% to 30%, while China has reduced levies on US imports from 125% to 10%. This greatly eases major bilateral trade tensions, and explains why financial markets rallied.

    The bad news is twofold. First, the remaining tariffs are still high by modern standards. The US average trade-weighted tariff rate was 2.2% on January 1 2025, while it is now estimated to be up to 17.8%. This makes it the highest tariff wall since the 1930s.

    Overall, it is very likely a new baseline has been set. Bilateral tariff-free trade belongs to a bygone era.

    Second, these tariff reductions will be in place for 90 days, while negotiations continue. Talks will likely include a long list of difficult-to-resolve issues. China’s currency management policy and industrial subsidies system dominated by state-owned enterprises will be on the table. So will the many non-tariff barriers Beijing can turn on and off like a tap.

    China is offering to purchase unspecified quantities of US goods – in a repeat of a US-China “Phase 1 deal” from Trump’s first presidency that was not implemented. On his first day in office in January, amid a blizzard of executive orders, Trump ordered a review of that deal’s implementation. The review found China didn’t follow through on the agriculture, finance and intellectual property protection commitments it had made.

    Unless the US has now decided to capitulate to Beijing’s retaliatory actions, it is difficult to see the US being duped again.

    Failure to agree on these points would reveal the ugly truth that both countries continue to impose bilateral export controls on goods deemed sensitive, such as semiconductors (from the US to China) and processed critical minerals (from China to the US).

    Moreover, in its so-called “reciprocal” negotiations with other countries, the US is pressing trading partners to cut certain sensitive China-sourced goods from their exports destined for US markets. China is deeply unhappy about these US demands and has threatened to retaliate against trading partners that adopt them.

    A temporary truce

    Overall, the announcement is best viewed as a truce that does not shift the underlying structural reality that the US and China are locked into a long-term cycle of escalating strategic competition.



    Read more:
    Why Trump fails to understand China’s trade war tactics, and what his negotiators should be reading

    That cycle will have its ups (the latest announcement) and downs (the tariff wars that preceded it). For now, both sides have agreed to announce victory and focus on other matters.

    For the US, this means ensuring there will be consumer goods on the shelves in time for Halloween and Christmas, albeit at inflated prices. For China, it means restoring some export market access to take pressure off its increasingly ailing economy.

    As neither side can vanquish the other, the likely long-term result is a frozen conflict. This will be punctuated by attempts to achieve “escalation dominance”, as that will determine who emerges with better terms. Observers’ opinions on where the balance currently lies are divided.

    Along the way, and to use a quote widely attributed to Winston Churchill, to “jaw-jaw is better than to war-war”. Fasten your seat belts, there is more turbulence to come.

    Where does this leave the rest of us?

    Significantly, the US has not (so far) changed its basic goals for all its bilateral trade deals.

    Its overarching aim is to cut the goods trade deficit by reducing goods imports and eliminating non-tariff barriers it says are “unfairly” prohibiting US exports. The US also wants to remove barriers to digital trade and investments by tech giants and “derisk” certain imports that it deems sensitive for national security reasons.

    The agreement between the US and UK last week clearly reflects these goals in operation. While the UK received some concessions, the remaining tariffs are higher, at 10% overall, than on April 2 and subject to US-imposed import quotas. Furthermore, the UK must open its market for certain goods while removing China-originating content from steel and pharmaceutical products destined for the US.

    For Washington’s Pacific defence treaty allies, including Australia, nothing has changed. Potentially difficult negotiations with the Trump administration lie ahead, particularly if the US decides to use our security dependencies as leverage to wring concessions in trade. Japan has already disavowed linking security and trade, and their progress should be closely watched.

    The US has previously paused high tariffs on manufacturing nations in South-East Asia, particularly those used by other nations as export platforms to avoid China tariffs. Vietnam, Cambodia and others will face sustained uncertainty and increasingly difficult balancing acts. The economic stakes are higher for them.

    They, like the Japanese, are long-practised in the subtle arts of balancing the two giants. Still, juggling ties with both Washington and Beijing will become the act of an increasingly high-wire trapeze artist.

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

    – ref. The US and China have reached a temporary truce in the trade wars, but more turbulence lies ahead – https://theconversation.com/the-us-and-china-have-reached-a-temporary-truce-in-the-trade-wars-but-more-turbulence-lies-ahead-256448

    MIL OSI – Global Reports –

    May 15, 2025

  • MIL-OSI Banking: Hong Kong (China SAR) general insurance industry to reach $10.9 billion by 2029, forecasts GlobalData

    Source: GlobalData

    Hong Kong (China SAR) general insurance industry to reach $10.9 billion by 2029, forecasts GlobalData

    Posted in Insurance

    The general insurance industry in Hong Kong (China SAR) is projected to grow at a compound annual growth rate (CAGR) of 5.1% from HKD69.9 billion ($8.9 billion) in 2025 to HKD85.4 billion ($10.9 billion) by 2029, in terms of gross written premium (GWP), according to GlobalData, a leading data and analytics company.

    According to GlobalData’s Hong Kong (China SAR) Insurance Database, the general insurance market in Hong Kong (China SAR) is estimated to reach HKD69.9 billion ($8.9 billion) in 2025, reflecting an annual growth rate of 4.7%. This growth is attributed to the economic recovery, an aging population, increased demand for health insurance products, the occurrence of natural disasters due to climate change, and the increasing demand for liability insurance.

    Swarup Kumar Sahoo, Senior Insurance Analyst at GlobalData, comments: ” The growth of the general insurance industry in Hong Kong (China SAR) is supported by rising demand for personal accident and health insurance from local and non-local customers, including mainland Chinese residents, the unpredictability of climate events, and the increasing demand for cyber insurance.”

    Personal Accident and Health (PA&H) insurance is the largest line of business and is expected to account for 34.7% of the general insurance GWP in 2025. The rising demand for health and travel insurance products from non-local customers has driven the growth of PA&H. Such demand mainly comes from Mainland China, the Middle East, and Southeast Asia. Increased connectivity with the Greater Bay Area (GBA) and the issuance of policies in either Hong Kong dollars or US dollars have supported this growth.

    The Insurance Authority (IA) will issue educational materials in Arabic for Middle East clients by Q2 2025 to further support the growing non-local demand. Additionally, increased connectivity to the GBA has provided insurers with access to the affluent population in cities such as Shenzhen and Guangzhou. Easing of restrictions from the GBA on the sales and servicing of insurance products will boost premium growth during 2025-29.

    Property insurance is the second-largest line of business with an estimated 22.2% share of the general insurance GWP in 2025. Property insurance, which grew by 9.1% in 2024, is expected to register 7.5% growth in 2025.

    Sahoo adds: “The increasing incidents of natural disasters such as typhoons and floods have prompted insurers to reassess risk models and implement stricter underwriting policies. The Hong Kong Government’s investments in infrastructure projects are expected to further enhance the property insurance market as insurers adapt to climate risks and offer innovative solutions like parametric insurance.

    Liability insurance is the third-largest line of business, estimated to account for 22.1% of the general insurance GWP in 2025. This line of business is set to grow at a CAGR of 3.4% during 2025-29, driven by the demand for cyber insurance products spurred by rising digital threats. The digitalization efforts in the region will also play a crucial role in the growth of liability insurance in Hong Kong. Small and medium enterprises are increasingly investing in cyber insurance amid rising business risk and to adhere to data privacy laws.

    Other general insurance lines, such as motor, financial lines, and marine, aviation, and transit, are estimated to account for the remaining 21.6% share of the general insurance GWP in 2025.

    Sahoo concludes: “The growth of Hong Kong’s general insurance market will continue to depend on Mainland China. The country’s super-aging population will present both challenges and opportunities for the general insurance industry. Furthermore, the growing demand for property and cyber insurance will enhance market penetration in the coming years. However, the expected reciprocal tariff from the US will change the dynamics and is expected to emerge as a threat to insurers’ profitability.”

    MIL OSI Global Banks –

    May 15, 2025

  • MIL-OSI Banking: Tariff-related disruptions to outweigh other oil and gas themes, says GlobalData

    Source: GlobalData

    Tariff-related disruptions to outweigh other oil and gas themes, says GlobalData

    Posted in Oil & Gas

    US tariffs and energy security are expected to remain the focal points for oil and gas trade in 2025. Tariff-induced trade tensions might exert downward pressure on the US and global economy in the near term, potentially affecting the energy demand. It is therefore important for the industry to assess the impact of macroeconomic themes of tariffs, along with geopolitics, and supply chain while charting out its growth plans, says GlobalData, a leading data and analytics company.

    GlobalData’s thematic report, “Top 20 Oil & Gas Themes – 2025,” identifies the top 20 themes that will impact the oil and gas industry in 2025. Besides macro themes, the ones enabling the transition towards clean energy, such as renewables, low-carbon hydrogen, carbon capture and storage (CCS), and electric vehicles (EV) are expected to have a potential impact on oil and gas operations in 2025 and beyond.

    Ravindra Puranik, Oil and Gas Analyst at GlobalData, comments: “The US government initially imposed hefty import tariffs on most countries in line with their respective trade deficits, which were later normalized at 10% for a period of 90 days. As a result, the global economic forecast is clouded by the frequent changes in the US tariffs and the prospect of retaliatory rate increases from affected trading partners, especially China.”

    The industry has largely recovered from the geopolitical developments since 2022 that had vastly impacted global supply chains. While the global oil demand is anticipated to grow in 2025, fueled by consistent economic expansion in Asia, the stability of supply hinges on geopolitical risks and the production strategies of OPEC+ nations.

    Puranik adds: “A resolution to the conflict in Ukraine, along with incremental increases in OPEC+ output post-April 2025, could ensure adequate market supply, even in the face of stringent US sanctions on Iran and Venezuela.”

    Traditional oil and gas themes, namely LNG, shale, and integrated refineries will continue to enable companies to remain competitive in the energy market. The report also features disruptive tech themes, such as artificial intelligence (AI), blockchain, cloud computing, cybersecurity, the Internet of Things (IoT), and robotics.

    Puranik concludes: “GlobalData research shows that companies who invest in the right themes become success stories; those who miss the big themes ultimately fail. Given that so many themes are disruptive, it is very easy to be blindsided by industry outsiders invading the sector. In this scenario it is important to understand the biggest themes in the industry and the how they could help companies thrive in the rapidly changing energy dynamics.”

    MIL OSI Global Banks –

    May 15, 2025

  • MIL-OSI Banking: Top EMEA banks see revenue surge in 2024 despite rate cuts and turmoil, finds GlobalData

    Source: GlobalData

    The top 20 Europe, Middle East, and Africa (EMEA) banks saw a healthy 14% increase in combined revenue from $1.4 trillion in 2023 to $1.6 trillion in 2024, despite a challenging macroeconomic landscape defined by geopolitical friction, rate normalization, and tariff uncertainties, reveals GlobalData, a leading data and analytics company.

    Murthy Grandhi, Company Profiles Analyst at GlobalData, comments: “European central banks implemented multiple rate cuts throughout 2024, reversing the aggressive hiking cycle of previous years. This easing supported lending growth, improved credit demand, and stimulated consumer and business activity. However, declining interest margins also pressured net interest income, forcing banks to rely more heavily on fee income and trading operations.”

    Ranked by revenue, HSBC Holdings led the EMEA region with $157.8 billion, followed closely by BNP Paribas ($148.6 billion) and Banco Santander ($147.2 billion). These institutions capitalized on diversified international exposure and stable credit portfolios in a year marked by both opportunities and headwinds.

    Notably, revenue growth across the board was largely positive, with all 20 banks reporting year-over-year (YoY) gains. Russia’s Sberbank Rossii and VTB Bank recorded the highest revenue growth rates at 54.0% and 48.4%, respectively. These gains likely reflect ruble depreciation effects, domestic market dominance, and a pivot toward internal financial resilience amid ongoing Western sanctions.

    Southern European banks also delivered strong results. BBVA posted a 30.3% increase in revenue, driven by robust lending activity in Latin American markets and digital transformation initiatives. Spain’s Banco Santander reported a 6.8% revenue growth and a 13.6% rise in net income, showcasing stable margins and improving

    Among French institutions, Societe Generale stood out with a 68.5% surge in net income, despite moderate revenue growth of 10.6%. The recovery in profitability is attributed to a successful cost-reduction program and a rebalancing of risk-weighted assets. Credit Agricole and BNP Paribas also performed well, underpinned by strong corporate banking and wealth management divisions.

    In the UK, HSBC and Barclays continued to benefit from diversified global operations. HSBC saw a modest 1.9% increase in net income on a 6.7% revenue gain, reflecting stable interest income and expanding operations in Asia. Barclays’ 12.0% revenue growth and 23.3% net income jump reflect efficiency gains and rising fee-based income.

    Conversely, UBS Group AG posted the sharpest decline in net income, down 81.4% despite a strong 22.3% rise in revenue. This anomaly is likely linked to the integration of Credit Suisse, involving one-time restructuring costs and asset impairments.

    German and Dutch banks experienced moderate top-line growth but faced downward pressure on earnings. Deutsche Bank’s net income fell by 29.4% despite a 12.0% revenue increase, potentially due to elevated risk provisions and a cautious lending stance amid economic uncertainty.

    Grandhi concludes: “Looking ahead, EMEA banks face a challenging 2025. The escalating tariff war between major economies, combined with continued geopolitical tensions in Eastern Europe and the Middle East, is expected to create volatility in capital markets and cross-border trade.

    “Rising operational costs, currency fluctuations, and potential regulatory shifts may compress margins. However, banks with strong digital infrastructure, diversified geographical exposure, and robust capital buffers—such as HSBC, Santander, and BNP Paribas—are better positioned to absorb shocks.

    “While revenue momentum is likely to continue in the short term, profitability may come under strain. Institutions will need to prioritize operational efficiency, credit risk management, and strategic realignment to navigate an increasingly fragmented global financial landscape.”

    MIL OSI Global Banks –

    May 15, 2025

  • MIL-OSI United Kingdom: Healthy eating barriers for Essex under-5s revealed

    Source: Anglia Ruskin University

    A child’s meal tray

    The first-ever study to examine food and nutrition in preschools in Essex has uncovered significant challenges in providing healthy meals to under-5s.

    Led by Anglia Ruskin University (ARU) and commissioned by Essex County Council Public Health, the Nourishing Our Future (NOF) preschools report identified food costs and managing food preferences – including an increasing reluctance to try new foods – as the two biggest obstacles to healthy eating in the county.

    Essex has extremes of health and wealth within its population of 1.5 million and the 2023-24 National Child Measurement Programme found that 21% of reception-age children (4-5 years old) in Essex are living with obesity or are overweight, underlining the need for targeted local interventions.

    Of Essex’s 298 preschools, 67 took part in the Nourishing Our Future study, which set out to understand the current food environment and identify possible improvements.

    The study involved workshops, an online survey, menu and photo analysis and parent interviews, and is published on the same day that report authors Dr Kay Aaronricks and the NOF team at Anglia Ruskin University (ARU), along with Emily Fallon and Susie Threadgold of Essex County Council, are presenting findings to MPs at an event held by the Food Foundation at the House of Commons.

    When it comes to barriers to providing nutritious meals, 59% of preschools in Essex consider the cost of food to be the greatest challenge, with children’s food preferences and allergies the second biggest factor.

    The majority of preschools in the county (57%) only have basic food preparation facilities, such as a microwave, and over two thirds (69%) of children in Essex bring their own food to preschool in the form of parent-provided lunchboxes.

    The study identified that these lunchboxes often contained high levels of processed food and had greater nutritional variability than meals provided by the preschools. It also found many lunchboxes of two to four-year-olds included pouches of baby food.

    In contrast, meals provided by preschools more consistently adhered to nutritional guidelines, featuring higher protein content, more fruits and vegetables, and less processed food.

    One preschool said: “We face a significant challenge with promoting healthy eating to families.  Our children’s lunchboxes consist of a lot of processed, unhealthy foods that are high in sugar and additives.”

    Another said: “Children are sometimes not used to being encouraged to try anything new! This is evident in some lunch boxes, where the contents never vary.”

    One preschool adopts “family mealtimes” to encourage children to try different food. They said: “A lot of children have never eaten the type of food we serve such as soup or pulses and only consume fruit from pouches… It is an increasing challenge to encourage children to try new foods but our family mealtimes where they can watch other children and staff eating and drinking really helps.”

    An analysis of 414 photographs of meals (87% home-packed food and 13% provided by the preschool) studied nutritional content. While starchy carbohydrates were well-aligned with portion size guidelines and fruit and vegetables slightly exceeded the target, dairy provision was slightly below and protein was significantly below guidelines.

    When it comes to promoting healthier lunchboxes, 75% of communication with parents is carried out at drop off or pick up times Preschools also said they would appreciate support on how to better advise and engage parents in healthier food choices.

    The rising cost of food was the single greatest challenge to healthy eating identified by the study. As a recent report by the Food Foundation set out, healthier foods are more than twice as expensive per calorie than less healthy foods. For preschools that provide lunches, delivering high-quality, nutritious meals is becoming increasingly difficult.

    Preschools, along with childminders and day nurseries, are not permitted to charge a compulsory fee for food, meaning the cost is borne by the early years settings themselves or through a voluntary contribution from parents.

    Practitioners consistently highlighted the financial strain, with one preschool noting, “Fresh food is increasing in price all the time; food purchasing in general has risen significantly over the last two years.”

    Trying to provide food on a budget, while also catering to children’s individual food preferences and allergies, adds to the difficulty. One preschool said: “We really try to accommodate food allergies, but more and more children are showing [as] intolerant and [have an] allergy and it is really increasing our spending on food.”

    Policy recommendations set out in the Nourishing Our Future report include a nationally funded early years food scheme to support both preschool and parent-provided meals, ensuring affordability and respecting parental choice, establishing public health support for parents on healthy eating, including nutrition advice, and developing targeted programmes to help children build positive relationships around food preferences.

    “Our study involved preschools from across Essex, as well as parents, which is important as parents’ voices are often missing from healthy food policy development.

    “The report shows that although there is a great deal of excellent work being done by preschools across Essex, there is a need for action to improve the nutritional landscape for young children, including improving children’s relationship with food.

    “We would like to see appropriate national funding for preschools to allow them to provide healthy food for all children. However, simply replacing lunchboxes with setting-provided food for one meal a day won’t solve the wider issues for the child or their family, such as what will they eat at the weekend or during the holidays.

    “We must support all families in being able to access affordable, healthy food alongside appropriate nutritional advice, because healthy food should be available to all. Of course, there are much wider societal issues around the prevalence of convenience, ultra processed food and the targeted marketing of foods that are high in fat salt and sugar, and tackling this also needs to be a priority.”

    Dr Kay Aaronricks, Head of the School of Education at Anglia Ruskin University (ARU)

    The full report is available here: https://nourishingourfuture.co.uk/2025/05/14/preschool-briefing/

    MIL OSI United Kingdom –

    May 15, 2025

  • MIL-OSI United Kingdom: Leader response: Government announces major civil servant move away from Whitehall

    Source: City of Manchester

    Council Leader Bev Craig reacts to the announcement that thousands more civil servants will be moved to UK regions – including a major Digital and AI innovation campus in Manchester. 

    Bev said:

    “The new Manchester Digital Campus will be transformational to our city. We have been working closely with this Government to bring forward this flagship digital campus to Ancoats that will bring 7,000 quality jobs to Manchester, building on the success of the growing Government digital and AI cluster already in the city and turbocharge our plans for economic growth in digital, AI and cyber sectors.

    “This is great news from the Cabinet Office delivering on their ambition to connect Whitehall with local communities outside of London. Locating Government jobs in Manchester is a boost for our residents, and also helps national government deliver better services, tapping into our growing and talented workforce and helping get stuck in with real life issues that can improve services, lead to better Government and improve lives.

    “Over the last decade Manchester has emerged as one of the fastest growing economies in Europe and one of fastest growing tech and digital ecosystems in the UK. The new digital and AI campus will accelerate that and attract more businesses to the UK to help grow the economy.  We are excited to work in partnership with National Government to deliver this transformational change.”

    MIL OSI United Kingdom –

    May 15, 2025

  • MIL-OSI United Nations: Secretary-General’s press encounter following the Ministerial Meeting on the Future of Peacekeeping

    Source: United Nations secretary general

    Minister Wadepuhl, Minister Pistorius,

    Ladies and gentlemen,

    I thank the Government of Germany for hosting impeccably this important meeting in Berlin.

    Germany is a pillar of the multilateral system…

    A strong and generous supporter of the United Nations…

    And an essential partner in our peacekeeping, peacebuilding and humanitarian assistance efforts — with almost 200 German peacekeepers now serving in our ranks.

    I am especially pleased to be here so soon after the new Government took office, and I look forward to building on our partnership in the time ahead.

    The commitment of the German government — and the German people themselves — is strongly reflected in this Ministerial meeting on the future of peacekeeping.

    As I said in my remarks, this year marks the 80th anniversary of the United Nations.

    And nothing symbolizes our organization’s commitment to peace more clearly than our Blue Helmets.

    UN Peacekeeping operations are a cornerstone of the United Nations.

    Each and every day, peacekeepers are hard at work in trouble spots around the world.

    Protecting civilians caught in the line of fire.

    Maintaining ceasefires.

    Keeping lifesaving humanitarian aid flowing.

    And building the foundations of peace in countries shattered by conflict.

    Many have paid the ultimate price over the years — 4,400 in all.

    Their memories, and their service in the cause of peace, will never be forgotten.

    Which is why the commitments being made here today and tomorrow are so important.

    I am heartened by the exceptional turn-out of Ministers from across the globe, representing the full range of peacekeeping partners.  

    Now more than ever we need the political support of UN Member States.

    The goal is not just to keep a lid on conflicts — but to build political support for lasting solutions that can build peace.

    Over these two days, we welcome Member States’ statements of support for peacekeeping — as well as their pledges of military and police capabilities, new partnerships and technological support.

    This meeting is also about something more fundamental:

    The future of peacekeeping itself.

    Let me be clear.

    Peacekeeping operations today are facing massive challenges, increasing the dangers that our brave peacekeepers already face.

    A record number of conflicts.

    Deepening division and mistrust.

    Terrorism and transnational crime.

    And the direct targeting of peacekeepers through drones, improvised explosive devices and even social media.

    We need to ask some tough questions about the mandates guiding these operations, and what the outcomes and solutions should look like.

    Every context is different.

    From our operations in Lebanon, the Central African Republic and South Sudan…

    To our partnerships with the African Union, made stronger with the Security Council’s resolution to support peace enforcement missions under the AU’s responsibility, supported by the UN, including through assessed contributions…
     
    We are working to adapt, to tailor and to support our missions to the needs and requirements of each context.

    Unfortunately, peacekeeping operations have been facing serious liquidity problems.
     
    It is absolutely essential that all Member States respect their financial obligations, paying their contributions in full and on time. 
     
    At the same time, we’re moving forward on an ambitious Review of Peace Operations — including peacekeeping — but also the peace enforcing missions that are becoming more and more neccessary has called for by Member States in September’s Pact for the Future.

    We’re examining how to make peace operations more efficient, cost-effective, flexible and resilient — including in contexts where there is no peace to keep.

    Today’s Ministerial is an important part of this work as we share ideas, and explore ways to strengthen this important function for the future.

    Peacekeepers — and the populations they protect — deserve nothing less.

    In their names, I want to express my thanks and appreciation to Germany and all the countries in attendance, for helping us ensure that peacekeeping is fully equipped for today’s realities and tomorrow’s challenges.

    MIL OSI United Nations News –

    May 15, 2025

  • MIL-OSI China: China to strengthen financial support for sci-tech innovation

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

    BEIJING, May 14 — China will increase its financial support for sci-tech innovation to improve the country’s self-reliance and strength in science and technology, according to a set of guidelines issued by seven authorities on Wednesday.

    The document — issued by the Ministry of Science and Technology, the People’s Bank of China, the National Development and Reform Commission, and other authorities — proposes 15 concrete measures to promote financial services for sci-tech innovation, including those to boost venture investment, credit supply and insurance support.

    Among efforts to serve the country’s key strategies in the field of science and technology, China will scale up financial support for enterprises that undertake major national sci-tech tasks, and for sci-tech-oriented small and medium-sized enterprises, according to the guidelines.

    China will leverage the role of its national venture capital guidance fund, encourage the development of secondary-market private equity funds, and optimize structural monetary policy tools such as re-lending loans for sci-tech innovation, per the document.

    The country will take advantage of the capital market in serving sci-tech innovation, and prioritize the public offerings of enterprises that achieve breakthroughs in critical core technologies.

    In terms of enhancing fiscal policies, the guidelines call for the full use of fiscal tools such as loan interest subsidies and risk compensation to support enterprises in sci-tech innovation, and for the effective implementation of related tax policies for angel investment and venture capital.

    MIL OSI China News –

    May 15, 2025

  • MIL-OSI United Kingdom: New Second Permanent Secretary to the Treasury appointed

    Source: United Kingdom – Executive Government & Departments

    News story

    New Second Permanent Secretary to the Treasury appointed

    Jim O’Neil has been appointed as a new Second Permanent Secretary to the Treasury.

    Jim brings a wealth of experience from investment banking and corporate finance to the Treasury, after a long career at Bank of America. He also has experience in the public sector, spending three years at UK Financial Investments. As Chief Executive of UKFI, he managed the government’s holdings in Royal Bank of Scotland, Lloyds Banking Group, and UK Asset Resolution. 

    His appointment is part of the government’s plan to deliver its number one mission to kickstart economic growth as part of the Plan for Change, and follows the Chancellor’s commitment to lead the most pro-growth Treasury in the country’s history.

    Jim’s experience will help the government to secure private investment, boost the economy, and ultimately put more pounds in people’s pockets. His deep knowledge of the private sector will help the government to rip out the barriers to growth, provide support for the key industries at home, and work to secure open and fair trade abroad.

    Chancellor of the Exchequer Rachel Reeves said:

    I’m very pleased to welcome Jim as our new Second Permanent Secretary, his extensive knowledge of the private sector will be vital in helping us deliver our number one mission to grow the economy. It’s fantastic to have him join the Treasury’s top team.

    Jim O’Neil said:

    I am delighted to have been appointed Second Permanent Secretary to the Treasury at this important time for our country and our economy. We are living through a time of great change globally, making the need for an economy of stability, resilience, and growth all the more important. I look forward to working with the Chancellor, her ministers, and officials across the department to deliver on these missions so the Treasury can bring positive change to the lives of people right across the country.

    Jim is expected to start in his new position in July and will work alongside the two other Second Permanent Secretaries in HM Treasury, Beth Russell who is based at the Darlington Economic Campus and Sam Beckett who is also Chief Economic Adviser. As well as overseeing tax and spending, Beth will continue to be responsible for devolution and regional growth including engagement with regional and local government and others in the north. 

    Jim was appointed through a fair and open competition and has completed all of the necessary declarations of interest.

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    Published 14 May 2025

    MIL OSI United Kingdom –

    May 15, 2025

  • MIL-OSI: American Rebel Beer Announces Sponsorship of Losers Bar & Grill Midtown Legendary Parking Lot Concert Series

    Source: GlobeNewswire (MIL-OSI)

    Surprise Guests Morgan Wallen, Gabby Barrett and Jamey Johnson Join Ernest, Chandler Walters, Cody Lohden, and Rhys Rutherford for First 2025 Concert

    Nashville, TN, May 14, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), creator of American Rebel Light Beer (americanrebelbeer.com) and a designer, manufacturer, and marketer of branded safes, personal security and self-defense products and apparel (americanrebel.com), announces that American Rebel Light Beer will sponsor the 2025 Losers Bar & Grill (“Losers”) Parking Lot Concert Series and the amazing first concert held Tuesday, May 12, featured surprise guest and country music superstar Morgan Wallen, (morganwallen.com), Gabby Barrett (gabbybarrett.com), and Jamey Johnson (jameyjohnson.com) along with Ernest (ernestofficial.com), Chandler Walters (Instagram.com/chandlerwaltersmusic), Cody Lohden (Instagram.com/codylohden/) and Rhys Rutherford (Instagram.com/rhys_rutherford_/).

    As Losers likes to say, “you never know who might show up to a parking lot party,” and this statement was proven true when Morgan Wallen surprised the huge crowd and appeared on stage with Ernest to sing their hit duet “Flower Shops.” Ten-time Grammy nominated singer-songwriter Jamey Johnson and top female artist and actress Gabby Barrett also joined Ernest on stage.

    “I’ve been coming to Losers for 16 years,” said American Rebel CEO Andy Ross. “I’ve watched Steve Ford grow Losers Midtown into the iconic place where artists, industry and locals like to hang their hat. The Parking Lot Concert Series grew out of those roots and fans get treated to amazing music and surprise guests during these incredible intimate concerts. American Rebel Light Beer is honored to be involved with Steve Ford and the entire Losers team to sponsor the 2025 Parking Lot Concert Series as well as the Raised Rowdy Round and Riley Green’s Duck Blind podcasts. In addition to Losers Midtown, Losers also has a downtown Nashville location, a bar in the MGM Grand in Las Vegas and a bar in Belize. It’s incredible what Steve is doing.”

    Losers Parking Lot Concerts are announced on the Losers Instagram page (Instagram.com/losersoriginal/).

    The American Rebel Light Beer sponsorship of the Losers Bar & Grill Parking Lot Concert Series features American Rebel Light Beer signage throughout the concert area and bar and servers proudly wearing official American Rebel merchandise. American Rebel Light is also sponsoring the Raised Rowdy (Instagram.com/raisedrowdy/) songwriter rounds at Riley Green’s Duck Blind, as well as Riley Green’s Duck Blind (Instagram.com/duckblindnash/) podcasts. American Rebel Light Beer is very proud to highlight its Nashville foundation through its sponsorship of the iconic Losers Midtown Parking Lot Concert Series, the Raised Rowdy Rounds and the Riley Green Duck Blind podcast.

    About American Rebel Light:

    American Rebel Light is more than just a beer—it’s a celebration of freedom, passion, and quality. Brewed with care and precision, our light beer delivers a refreshing taste that’s perfect for every occasion. 

    Since its launch in September 2024, American Rebel Light Beer has rolled out in Tennessee, Connecticut, Kansas, Kentucky, Ohio, Iowa, Missouri, North Carolina, Florida and Indiana and is adding new distributors and territories regularly. For more information about the launch events and the availability of American Rebel Beer, please visit americanrebelbeer.com or Instagram.com/americanrebelbeer/.

    Produced in partnership with AlcSource, American Rebel Light Beer (americanrebelbeer.com) is a domestic premium light lager celebrated for its exceptional quality and patriotic values. It stands out as America’s Patriotic, God-Fearing, Constitution-Loving, National Anthem-Singing, Stand Your Ground Beer.

    American Rebel Light is a Premium Domestic Light Lager Beer – All Natural, Crisp, Clean and Bold Taste with a Lighter Feel. With approximately 100 calories, 3.2 carbohydrates, and 4.3% alcoholic content per 12 oz serving, American Rebel Light Beer delivers a lighter option for those who love great beer but prefer a more balanced lifestyle. It’s all natural with no added supplements and importantly does not use corn, rice, or other sweeteners typically found in mass produced beers.

    About Losers Midtown

    Dive bars are an American tradition. For better or worse, every town has at least one and Nashville’s is Losers Midtown powered by Riley Green’s Duck Blind. Spend the evening with the who’s who of Nashville’s music industry at an intimate, no-frills venue for live music, serving classic bar eats and a variety of beers on tap. You must be 21 years of age or older to enter. You never know who you might run into… This Life Ain’t For Everybody! For more information on Losers Midtown go to losersmidtown.com.

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Light Beer. The Company also designs and produces branded apparel and accessories. To learn more, visit americanrebel.com and americanrebelbeer.com. For investor information, visit americanrebelbeer.com/investor-relations.

    American Rebel Holdings, Inc.
    info@americanrebel.com

    American Rebel Beverages, LLC
    Todd Porter, President
    tporter@americanrebelbeer.com

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of a launch party, actual launch timing and availability of American Rebel Beer, success and availability of the promotional activities, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Company Contact:
    tporter@americanrebelbeer.com
    info@americanrebel.com

    Media Contact:
    Matt Sheldon
    Matt@PrecisionPR.co

    For more details on American Rebel Light Beer and upcoming events, visit AmericanRebelBeer.com or follow @AmericanRebelBeer on social media.

    Attachment

    • American Rebel Holdings, Inc.

    The MIL Network –

    May 15, 2025

  • MIL-OSI USA: Senator Reverend Warnock Releases New Report Finding Job Loss, Economic Slowdown if Congressional GOP Restricts Medicaid Access

    US Senate News:

    Source: United States Senator Reverend Raphael Warnock – Georgia

    Senator Reverend Warnock Releases New Report Finding Job Loss, Economic Slowdown if Congressional GOP Restricts Medicaid Access

    Senator Reverend Warnock’s new report, “Healthy People, Healthy Economy” finds that placing bureaucratic red tape between working people and their health care will lead to hospital closures, job loss, and economic slowdown
    The report finds that investing in Medicaid, as opposed to adding bureaucratic and ineffective work reporting requirements, leads to economic growth that creates jobs and gets Americans to work
    The Senator’s report found 458 counties across the U.S. where working Medicaid recipients are extremely vulnerable to losing access under these reporting requirements because of lack of internet access, other factors
    New legislation marked up yesterday in the U.S. House of Representatives would require onerous reporting requirements that do not get people working, and instead kicks working people off their health care
    The House legislation would kick over 7 million Americans off Medicaid and 13.7 million Americans off their health care in total
    Washington, D.C. – Today, U.S. Senator Reverend Raphael Warnock (D-GA) released a new report titled “Healthy People, Healthy Economy.” The Senator’s report is the first publication that analyzes by county which Americans are at risk of losing their health care if Washington Republicans restrict Medicaid access through bureaucratic and ineffective work reporting requirements. The report also analyzes how much it would cost each state in job loss, GDP, and devastating administrative costs.
    The report finds that the best way to get the most Americans working is to invest in Medicaid, making health care accessible to eligible Americans. On the other hand, work reporting requirements do nothing to bring people into the workforce and kick working people off their health care, making those working Americans more likely to stop working if they cannot access preventative care or manage chronic illness.
    “My parents raised me to have a fierce work ethic, I support getting people to work,” said Senator Reverend Warnock.“The data shows that the best way to create jobs and grow the economy is to remove bureaucratic red tape that keeps working people from accessing health care. Instead, Washington politicians are ignoring clear data and forcing reporting requirements on working Americans as a cynical ploy to kick working people off their health care. All of this so they can fund a tax cut for the ultra-wealthy.”
    Nowhere have work reporting requirements failed more than in the state of Georgia, where the state has spent a shocking $91 million in taxpayer dollars to create a slow, glitchy, bureaucratic system to track work reporting requirements. The state of Georgia spent $13,000 per enrollee on administrative costs, roughly five times more than the cost of actual health services, during the program’s first year. If other states follow Georgia’s failed model, millions of Americans will lose their health care access, government bureaucracy will grow, hospitals will close, jobs will be lost, and the economy will slow.  
    A full copy of the report can be found HERE.

    MIL OSI USA News –

    May 15, 2025

  • MIL-OSI: Ethical Web AI submits AI Vault on AWS Marketplace for Enterprises to Purchase and Install

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 14, 2025 (GLOBE NEWSWIRE) —  Bubblr Inc., d/b/a Ethical Web AI. (OTCQB: BBLR) – A frontrunner in enterprise-specific generative AI has submitted AI Vault to become publicly available on AWS Marketplace. AI Vault is Ethical Web AI’s unique enterprise-specific generative AI product. This event is hugely significant as it will allow clients to install and implement AI Vault directly from AWS Marketplace.

    Being featured on the AWS Marketplace is a significant milestone for Ethical Web AI and underscores the value of our enterprise generative AI product, AI Vault. As an AWS Software Partner, we are able to leverage AWS’s extensive global infrastructure, trusted reputation, and reach to deliver AI Vault to a wider audience of businesses who prioritise transparency, control, and data protection in their generative AI solutions. This strategic route to market not only positions AI Vault as a cutting-edge solution for companies wary of generative AI risks but also enhances our ability to support businesses in various industries, particularly those navigating complex regulatory landscapes like the General Data Protection Regulation. Through the AWS Marketplace, we’re making it easier than ever for companies to adopt a secure, innovative AI product that meets their most critical needs.

    AI Vault is a revolutionary generative AI product specifically designed to meet the needs of enterprise clients who are hesitant to adopt traditional generative AI solutions due to concerns over security and data privacy. This includes 27% of all companies, primarily large organisations such as banks and other businesses, where data security is paramount. AI Vault provides these enterprises with their own secure, private generative AI platform, giving them complete control over access and full transparency of all AI usage within their organisation. Supported by three USPTO patents, including a groundbreaking patent that ensures sensitive client data is never shared with Ethical Web AI or any third-party generative AI partners, AI Vault is the ideal solution for companies looking to harness the power of generative AI without compromising on security, privacy, or control.

    You can find out precisely what AI Vault is by watching the following explainer video by clicking on the link: https://ethicalweb.ai/ai-vault-explainer-video/

    Tom Symonds, CEO of Ethical Web AI, remarked: “Achieving approval to sell AI Vault through the AWS Marketplace has been a technically demanding process that reflects the high standards and rigorous requirements that AWS places on its partners. From ensuring seamless integration with AWS’s infrastructure to meeting stringent security protocols and compliance standards, the process required a deep commitment to excellence from our development team. Their tireless work in addressing these complex technical challenges has been instrumental in ensuring AI Vault not only meets but exceeds AWS’s expectations. We would like to extend our sincere gratitude to our development team and the AWS support staff for their dedication, expertise, and perseverance in making this milestone a reality. Their efforts have been crucial in enabling us to offer AI Vault through one of the most trusted platforms in the world.

    “In our last press release on April 29th, 2025, we proudly announced our achievement of becoming an AWS Software Partner, a milestone that has allowed us to bring AI Vault to the AWS Marketplace. This partnership not only provides us with unparalleled technical advantages but also significantly amplifies our marketing reach. As an approved AWS Software Partner, Ethical Web AI now benefits from increased visibility within AWS’s global ecosystem, giving us direct exposure to thousands of potential customers across industries. This visibility is critical, as one of our biggest challenges has been the world’s lack of awareness of how groundbreaking our products are. Through this partnership, we’re confident that AI Vault will reach the attention it deserves, helping us position ourselves as leaders in generative AI while establishing trust and credibility in the marketplace. The extensive marketing support from AWS further enhances our ability to effectively communicate the true value of our solutions to the global business community.”

    About Ethical Web AI

    Ethical Web AI is an ethical technology company that is championing an anonymous, safe, and fair new internet. We produce unique intellectual property and technology that is defensible by our valuable utility software patents.

    Media and investor contact: tom.symonds@ethicalweb.ai

    Safe Harbor Statement
    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management. They are subject to several uncertainties and risks that could significantly affect the Company’s current plans and expectations, future operations, and financial condition. The Company reserves the right to update or alter its forward-looking statements, whether due to new information, future events or otherwise.

    A video accompanying this announcement is available at 

    https://www.globenewswire.com/NewsRoom/AttachmentNg/255c2f9c-8192-40fa-b372-1af848b76b75

    The MIL Network –

    May 15, 2025
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