NewzIntel.com

Category: Economy

  • MIL-OSI Banking: Influencers sound alarm on US recession driven by tariff-induced economic turmoil, reveals GlobalData

    Source: GlobalData

    Influencers sound alarm on US recession driven by tariff-induced economic turmoil, reveals GlobalData

    Posted in Business Fundamentals

    In April 2025, discussions surrounding the recession topic on social media increased by nearly 70% compared to the previous month, driven by growing concerns over economic instability. This marked the highest level of discourse since January 2025, reflecting heightened public anxiety regarding the state of the economy, while influencer sentiment on the topic declined by 25% in April compared to the prior month, reveals the Social Media Analytics Platform of GlobalData, a leading data and analytics company.

    A key factor fueling this surge in discussions was the imposition of substantial US tariffs under the Trump administration, which drew parallels to the Smoot-Hawley Tariff Act of 1930, often linked to the onset of the Great Depression. Influencers cautioned that these tariffs, among the highest imposed since the 1920s, could lead to inflation, reduced consumer spending, and weakened global competitiveness, thereby increasing the risk of a recession.

    Shreyasee Majumder, Social Media Analyst at GlobalData, comments: “Influencers characterized the tariffs as a detrimental policy destabilizing the economy, increasing risks of stagflation or recession. They emphasized the uncertainty surrounding the tariffs’ duration, warning that prolonged enforcement could entrench economic downturn risks. Their discourse, conveyed with urgency, condemned the tariffs as reckless, forecasting severe recessionary or depression-like consequences. Influencers stressed on the tariffs’ immediate adverse effects, global trade implications, and disruption of prior economic stability as driving the recession narrative.”

    Below are a few popular influencer opinions captured by GlobalData’s Social Media Analytics Platform:

    1. Sadaf Sayeed, Chief Executive Officer at Muthoot Microfin Ltd:

    “Ultimately US consumers will end up paying for these tariffs. US will face massive inflation and crash of consumer confidence. Recession is certain.”

    1. Brett House, Economist:

    “I joined @kcalnews to explain why President Trump’s tariffs are a tax on American households—not a “liberation.” They’re set to raise costs, squeeze supply chains, and risk triggering the first White House-induced recession in the postwar era.”

    1. Lawrence H. Summers, Charles W. Eliot Professor and President Emeritus at Harvard:

    “This has probably been the least successful first hundred days of a presidency @realDonaldTrump on the economy in the last century. We have seen the stock market go down, the dollar go down, forecasts of unemployment go up, forecasts of inflation go up, forecasts on the odds of a recession go up. We’ve seen consumer confidence collapse. We’ve seen businesses take back all their previous earnings projections. So, this has been a disastrous hundred days for the US economy.”

    1. Robinson Meyer, Founding Executive Editor at Heatmap News:

    “What remains astonishing is that this isn’t a “natural” recession. There’s no cyclical slowdown or housing bubble. Consumers were holding up okay. This is about one man choosing to crash the economy because of a dumb idea, and 273 of his party’s lawmakers letting him do it.”

    1. Mehdi Hasan, Editor-in-chief and CEO of Zeteo News:

    “He inherited the fast growing economy in the western world, with one of the lowest unemployment rates, and he is now ‘fixing’ it by ushering in a global trade war and possible recession.”

    1. John Ashcroft, Founder at John Ashcroft and The Saturday Economist:

    “US tariffs ‘will push UK, Europe and Asia into recession’ Economists rip up forecasts for global growth as the White House increases average tariffs from 2.5% to 25% …  highest since the 1920s …”

    MIL OSI Global Banks –

  • MIL-OSI Banking: Consumers switch to local products and value alternatives amid rising tariffs and price pressures, says GlobalData

    Source: GlobalData

    Consumers switch to local products and value alternatives amid rising tariffs and price pressures, says GlobalData

    Posted in Consumer

    In an increasingly complex global landscape shaped by inflation, rising tariffs, and political volatility, consumer behavior is undergoing a profound transformation. Cost-of-living pressures and trade policy disruptions are not only fueling economic anxiety but also prompting tangible shifts in how and why consumers shop. These forces are accelerating a move toward value-driven decision-making, increased scrutiny of product origin, and a growing preference for local alternatives, according to the Q1 2025 consumer survey* by GlobalData, a leading data and analytics company.

    Concerns over trade-related inflation are widespread. More than half (56%) of global consumers say they are “extremely” or “quite concerned” about the impact of trade wars and import tariffs on the prices of the products they buy. This concern is even more pronounced in countries directly affected by US trade policy, including Canada (66%) and Mexico (62%). Despite being at the center of trade friction, China stands out for its lower levels of concern, with 40% of respondents saying they are not worried about tariffs, highlighting regional differences in public perception and economic insulation.

    Prerana Manral, Senior Consumer Analyst at GlobalData, comments: “These concerns are not abstract. They are driving tangible changes in consumer behavior across everyday categories such as food, drinks, toiletries, clothing, and homewares. According to the survey, 54% of consumers are now checking or comparing prices online before making a purchase, and 47% are switching to cheaper brand alternatives.

    “Private labels are seeing a notable rise, with 33% of consumers saying they are buying more store-owned brands to manage costs. Additionally, 38% of shoppers are turning to discount retailers or cheaper outlets, while nearly one-third (32%) have stopped buying certain products altogether because they have become too expensive.”

    Manral continues: “Trade policy is no longer just an economic lever; it’s a force that is reshaping everyday consumer choices. What we’re seeing is a structural shift in how people engage with brands and pricing. Consumers are now making sharper, more value-conscious decisions, and many are actively abandoning higher-priced products or stores.”

    Beyond pricing responses, the survey highlights a growing ideological and environmental awareness in consumer preferences, particularly around product origin. On average, 68% of the respondents globally say they prefer to buy local products: 67% cite price, or 65% say environmental friendliness, as the main reasons, while 71% say they do so to support local brands.

    Political sentiment is also playing an influential role, with 58% of global consumers* reporting that recent political events have made them more attentive to the country of origin of products they purchase. This intersection of cost-consciousness and conscious consumerism is emerging as a powerful force in a politically volatile economy. While affordability remains the entry point, values such as environmental impact and national loyalty are increasingly determining purchasing behavior.

    Manral concludes: “As consumers increasingly respond to rising tariffs and price pressures by shifting toward local products and value-driven alternatives, FMCG companies must recognize this as a long-term behavioral shift rather than a temporary adjustment. To remain competitive and relevant, brands should invest in localized sourcing and production, expand affordable and private-label offerings, and strengthen communication around value, sustainability, and origin.”

    *GlobalData 2025 Q1 global consumer survey, 22,000 respondents across 42 countries

    MIL OSI Global Banks –

  • MIL-OSI: Abaxx Files Early Warning Report with Respect to Base Carbon

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 02, 2025 (GLOBE NEWSWIRE) — Abaxx Technologies Inc. (CBOE: ABXX) (OTCQX: ABXXF) (“Abaxx” or the “Company”) announces today that it has filed an early warning report in respect of its holdings in Base Carbon Inc. (“Base”). On May 2, 2025, Abaxx acquired 3,700,000 common shares of Base by way of private agreement (the “Acquisition”) for an aggregate purchase price of C$1,515,150 at C$0.4095 per common share.

    At the time of filing its audited consolidated financial statements for the fiscal year 2024, Abaxx held 19,339,630 common shares of Base. Immediately prior to the Acquisition, Abaxx held 15,639,630 common shares of Base, representing 14.32% of the outstanding common shares of Base on an undiluted basis. Immediately after the Acquisition, Abaxx held 19,339,630 common shares of Base, representing 17.7% of the outstanding common shares of Base on an undiluted basis. As a result of the Acquisition and certain issuer events of Base, Abaxx’s ownership of Base has increased by more than 2% since the filing of its last early warning report.

    Abaxx acquired the common shares as part of its strategic interest in Base and for investment purposes. In the future, Abaxx may acquire additional securities of Base including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, and/or other relevant factors, subject to applicable restrictions and contractual obligations.

    A copy of the early warning report will be filed by Abaxx under Base Carbon’s profile on SEDAR at www.sedarplus.ca.

    About Abaxx Technologies

    Abaxx is building Smarter Markets — markets empowered by better financial technology and market infrastructure to address our biggest challenges, including the energy transition. In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is a majority-owner of Abaxx Exchange and Abaxx Clearing, subsidiaries recognized by MAS as an RMO and ACH, respectively.

    Abaxx Exchange and Abaxx Clearing are a Singapore-based commodity futures exchange and clearinghouse, introducing centrally cleared, physically deliverable commodities futures and derivatives to provide better price discovery and risk management tools for the commodities critical to our transition to a lower-carbon economy.

    For more information please visit abaxx.tech, abaxx.exchange and smartermarkets.media.

    For more information about this press release, please contact:

    Steve Fray, CFO

    Tel: +1 647 490 1590

    Media and investor inquiries:

    Abaxx Technologies Inc.
    Investor Relations Team
    Tel: +1 647 490 1590
    E-mail: ir@abaxx.tech

    The MIL Network –

  • MIL-OSI: District Court Dismisses Dispute Filed by United Therapeutics Against Liquidia

    Source: GlobeNewswire (MIL-OSI)

    • Court will not hear cross-claim that challenges the PH-ILD indication in the tentatively approved NDA for YUTREPIA
    • FDA can grant final approval of YUTREPIA after blocking regulatory exclusivity expires on May 23, 2025

    MORRISVILLE, N.C., May 02, 2025 (GLOBE NEWSWIRE) — Liquidia Corporation (NASDAQ: LQDA), a biopharmaceutical company developing innovative therapies for patients with rare cardiopulmonary disease, today announced that Judge Kelly of the U.S. District Court for the District of Columbia (District Court) dismissed, without prejudice, the cross-claim filed by United Therapeutics (UTHR) that sought to challenge Liquidia’s amendment to its New Drug Application (NDA) for YUTREPIA™ (treprostinil) inhalation powder, which added the treatment of pulmonary hypertension associated with interstitial lung disease (PH-ILD) to the proposed label for YUTREPIA. In its ruling, the District Court determined that UTHR’s claim was unripe and that UTHR had failed to plausibly allege that it has standing.

    Dr. Roger Jeffs, CEO, Liquidia said: “We are pleased with the court’s decision to dismiss this cross-claim, specifically holding that UTHR failed to establish standing. We also continue to believe that the FDA was correct to accept, and subsequently tentatively approve, our amended NDA for YUTREPIA to include the PH-ILD indication. We remain laser focused on the potential final approval of YUTREPIA following the expiration of gating regulatory exclusivity on May 23, 2025, and look forward to delivering what we believe will become the prostacyclin of first choice for patients with PAH and PH-ILD and the physicians who treat them.”

    UTHR has the right to appeal the Court’s ruling.

    The FDA has set a Prescription Drug User Fee Act (PDUFA) goal date for the YUTREPIA NDA of May 24, 2025.

    About Liquidia Corporation
    Liquidia Corporation is a biopharmaceutical company developing innovative therapies for patients with rare cardiopulmonary disease. The company’s current focus spans the development and commercialization of products in pulmonary hypertension and other applications of its proprietary PRINT® Technology. PRINT enabled the creation of Liquidia’s lead candidate, YUTREPIA™ (treprostinil) inhalation powder, an investigational drug for the treatment of pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD). The company is also developing L606, an investigational sustained-release formulation of treprostinil administered twice-daily with a next-generation nebulizer, and currently markets generic Treprostinil Injection for the treatment of PAH. To learn more about Liquidia, please visit www.liquidia.com.

    Cautionary Statements Regarding Forward-Looking Statements 
    This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical facts, including statements regarding our future results of operations and financial position, our strategic and financial initiatives, our business strategy and plans and our objectives for future operations, are forward-looking statements. Such forward-looking statements, including statements regarding clinical trials, clinical studies and other clinical work (including the funding therefor, anticipated patient enrollment, safety data, study data, trial outcomes, timing or associated costs), regulatory applications and related submission contents and timelines, including the potential for final FDA approval of the NDA for YUTREPIA, the timeline or outcome of the cross-claims that United Therapeutics has brought against the FDA, the timeline or outcome related to patent litigation in the U.S. District Court for the District of Delaware, including rehearings or appeals of decisions in any such proceedings, the issuance of patents by the USPTO and our ability to execute on our strategic or financial initiatives, involve significant risks and uncertainties and actual results could differ materially from those expressed or implied herein.   The decisions of courts or other tribunals are not determinative of the outcome of the appeals or rehearings of the decisions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “would,” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements largely 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, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of risks discussed in our filings with the SEC, as well as a number of uncertainties and assumptions. Moreover, we operate in a very competitive and rapidly changing environment and our industry has inherent risks. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the future events discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that these goals will be achieved, and we undertake no duty to update our goals or to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact Information

    Investors:
    Jason Adair
    Chief Business Officer
    919.328.4350
    jason.adair@liquidia.com

    Media:
    Patrick Wallace
    Director, Corporate Communications
    919.328.4383
    patrick.wallace@liquidia.com

    The MIL Network –

  • MIL-OSI USA: Warner & Kaine Statement on President’s Budget Request

    US Senate News:

    Source: United States Senator for Virginia Tim Kaine
    Published: May 02 2025

    WASHINGTON, D.C. – Today, U.S. Senators Mark R. Warner and Tim Kaine (both D-VA) released the following statement after President Donald Trump released his Fiscal Year 2026 discretionary budget request to Congress:
    “The budget the President released today reflects what we’ve seen over the past 103 days—that the Trump Administration is laser-focused on taking a chainsaw to important government programs that Americans rely on so that they can cut taxes for billionaires. This cruel budget would cut critical funding for education, such as Federal Work Study; substance use disorder prevention; rural development; housing; support for small businesses; research into cancer and other diseases; cybersecurity; foreign assistance; violence prevention, including Jabara-Heyer NO Hate grants; and more. It would also roll back funding from the Bipartisan Infrastructure Law and other historic legislation that we were proud to help pass in Congress. As Congress continues negotiating a budget in the coming months, we are committed to pushing back against these massive cuts that will harm Virginians and our economy and make communities less safe.”   

    MIL OSI USA News –

  • MIL-OSI USA: Monopoly Busters Chairs Statement on Apple Ruling

    Source: United States House of Representatives – Congresswoman Pramila Jayapal (7th District of Washington)

    WASHINGTON, DC — U.S. Representatives Pramila Jayapal (WA-07), Chris Deluzio (PA-17), Pat Ryan (NY-18), and Angie Craig (MN-02), Chairs of the Monopoly Busters Caucus, released the following statement regarding U.S. District Judge Yvonne Gonzalez Rogers holding Apple accountable for anticompetitive conduct.

    “For years, Apple has restricted consumer choice by charging an exorbitant fee on developers who sell apps to customers on Apple’s app store. In 2021, the court found that this fee violated unfair competition laws, and it ordered Apple to allow customers to purchase apps directly on developers’ websites at a cheaper price. 

    “Instead of following that directive, Apple doubled down on its illegal behavior. It continued to impose a hefty fee and actively discouraged customers from paying for apps outside the app store. When confronted in court, an Apple executive outright lied about it under oath.

    “American consumers deserve better than this corporate power run amok. They deserve a digital economy that benefits them rather than billionaires who control it, and allows freedom of choice, innovation, and real competition. Today’s ruling is a step in the right direction and sends a strong message that Big Tech companies cannot rip off consumers without facing consequences. 

    “We also saw House Republicans withdraw their proposal to eliminate the Federal Trade Commission — an agency that has brought monumental lawsuits against Facebook, Amazon, and other large corporations to lower costs and promote competition and should never have been threatened in the first place. We look forward to seeing this work continue to finally crack down on corporate monopolies that harm small businesses, raise prices on consumers, and stifle the innovation that has made our country an economic powerhouse.”

    The Monopoly Busters Caucus brings together Members of Congress to fight corporate power and build a fair economy that works for hardworking Americans, workers, and small businesses. 

    Issues: Science, Technology, & Antitrust

    MIL OSI USA News –

  • MIL-OSI Australia: Your guide to adopting a dog in Canberra

    Source: Northern Territory Police and Fire Services

    • This story includes some lesser-known considerations for adopting a dog.

    Dogs are wonderful companions that bring joy to their families.

    Owning a dog can help people to:

    • be more active
    • feel less lonely
    • socialise more
    • find a sense of purpose.

    Before you bring a dog into your family, there are a few things to consider. Here are a few points that people don’t often talk about:

    Each dog has a different personality

    You may have expected that your new pup will love fetch and swimming. But then find they prefer tug and digging instead.

    Spend some time getting to know your dog. Discovering their personality and temperament can be rewarding. Their genetics and history can inform how they react to different people, toys and other animals. Breed can also play a part in their temperament.

    It can take three months for your dog to adjust to their new environment

    Moving into a new home can be stressful for a dog. This is common for dogs who have come from a noisy shelter environment.

    In the first three days, your dog will be decompressing. They may seem scared or unsure. During this time, you might not see their ‘true’ personality.

    After three weeks, your pup will start settling in. Their personality will start to show as they get more comfortable. After three months it’s likely that your dog will be comfortable and trust you. It’s important to take this time with them and not try to rush them

    You will always need to care for your dog – even on your hardest days

    Taking your dog on a walk on a beautiful Sunday is wonderful, but not every day will be easy.

    Remember that dogs still need to go for a walk even when you don’t feel like it. Your dog will still need to be looked after when you’re feeling sick, sad or stressed. Consider if you need a support system to help you look after your pet on difficult days.

    Owning a dog will change the way your home looks

    When you have a dog, your floor may always have a few toys strewn about. There may also be stray pieces of dog food and dog hair on it.

    You may also need to change the way you decorate your home. This is to keep fragile items out of your dog’s reach. You should also consider if you are ready to clean up after your dog potentially having toileting accidents inside.

    Your social life will look a bit different

    Most dogs can be left alone for hours at a time. There are also pet-friendly venues around Canberra.

    Even so, you should prepare for times where you need to leave an event early to be with your dog.

    There may also be times where your pet is unwell. You may need to miss social occasions to care for them. Consider if these are sacrifices you are willing to make for your pet.

    Travelling can be more challenging

    Looking for dog-friendly accommodation while traveling can be difficult and expensive. It can also be hard to find someone to look after your pet if you plan on leaving them at home.

    Before getting a dog, ask friends or family if they would be willing to look after your pet while you travel. You can also check out the costs of pet-boarding or pet-sitters. It’s important to be aware of these potential costs before getting a dog.

    Dogs cost money

    In addition to buying dog food, toys, and other treats, in the ACT, owners must register, microchip, de-sex their dog which costs money.  There are also licences and permits you may need to obtain if you wish to breed your dog or if there are 4 or more dogs living at your residence.

    Dogs also need regular check-ups and vaccinations to keep them happy and healthy. Dogs can also have accidents from time-to-time which need to be seen to by a veterinarian, often at short notice. Consider whether you can financially look after a dog to give it the best life possible.

    Moving your pet interstate and overseas can be costly

    Most Australian airlines will not allow pets in the cabin. You might want to consider if you’re comfortable with your pet in the cargo hold, or if you’re comfortable driving interstate with your pet.

    If an international move is on the cards during your pets’ lifespan, you need to factor in the extra cost of bringing them. Moving your pet internationally can be costly.

    Having realistic expectations of what having a dog looks like is important for making informed decisions. A common reason for dogs being surrendered is because owners weren’t aware of the challenges of pet ownership.

    Get ACT news and events delivered straight to your inbox, sign up to our email newsletter:

    MIL OSI News –

  • MIL-OSI Security: U.S. Attorney’s Office Filed 124 Border-Related Cases This Week

    Source: Office of United States Attorneys

    SAN DIEGO – Federal prosecutors in the Southern District of California filed 124 border-related cases this week, including charges of assault on a federal officer, bringing in aliens for financial gain, reentering the U.S. after deportation, and importation of controlled substances.

    The U.S. Attorney’s Office for the Southern District of California is the fourth-busiest federal district, largely due to a high volume of border-related crimes. This district, encompassing San Diego and Imperial counties, shares a 140-mile border with Mexico. It includes the San Ysidro Port of Entry, the world’s busiest land border crossing, connecting San Diego (America’s eighth largest city) and Tijuana (Mexico’s second largest city).

    In addition to reactive border-related crimes, the Southern District of California also prosecutes a significant number of proactive cases related to terrorism, organized crime, drugs, white-collar fraud, violent crime, cybercrime, human trafficking and national security. Recent developments in those and other significant areas of prosecution can be found here.

    A sample of border-related arrests this week:

    • On April 28, Jose Maria Murillo Estrada, a Mexican national, was arrested and charged with Assaulting, Resisting, or Impeding Federal Officers and reentry after deportation. According to a complaint, the assault happened after Murillo attempted to make entry into the United States from Mexico through the San Ysidro Port of Entry by running through vehicle primary lanes and was intercepted by officers.
    • On April 27, Emma Alejandra Medina, a U.S. citizen, was arrested and charged with Attempted Bringing in Aliens for Financial Gain. According to a complaint, Medina was captain of a boat that was transporting eight undocumented immigrants on San Diego Bay.
    • On April 26, Jorge Alexandro Tellez, a U.S. citizen, was arrested and charged with Importation of a Controlled Substance. According to a complaint, Tellez was taken into custody by Customs and Border Protection officers after he attempted to cross the border in his vehicle in the San Ysidro Port of Entry’s SENTRI lane with 286 pounds of methamphetamine concealed in all four doors, the seats, the spare tire, the tailgate, and in multiple tool bags located inside the vehicle.

    Also this week, a number of defendants with criminal records were convicted by a jury or sentenced for border-related crimes such as illegally re-entering the U.S. after previous deportation. Here are a few of those cases:

    • On May 1, Juan Morales-Lopez, a Mexican national who was last deported in November 2024 and immediately returned on December 10th, was sentenced in federal court to 18 months in custody consecutive to 12 months custody for violating the terms of his supervised released for his earlier illegal entry conviction, for a total of 30 months in custody. Morales-Lopez has 10 illegal entry felony convictions in total and has been removed from the United States a total of 35 times.
    • On May 1, Jose Ramon Ochoa-Monteverde, a Mexican national living in the United States on a Visa, was sentenced in federal court to 84 months in custody for his role as a coordinator and courier for a drug trafficking organization based in Mexico, Imperial Valley, and the Central District of California. In one instance, Ochoa-Monteverde loaded a tractor trailer with duffel bags containing 106.38 kilograms of methamphetamine at a truck stop in Brawley, CA.
    • On April 28, Alejandro Gutierrez-Aguilar, who was previously convicted of Possession with Intent to Distribute in 2014, was sentenced in federal court to 30 months in custody for again entering the U.S illegally.

    Pursuant to the Department’s Operation Take Back America priorities, federal law enforcement has focused immigration prosecutions on undocumented aliens who are engaged in criminal activity in the U.S., including those who commit drug and firearms crimes, who have serious criminal records, or who have active warrants for their arrest. Federal authorities have also been prioritizing investigations and prosecutions against drug, firearm, and human smugglers and those who endanger and threaten the safety of our communities and the law enforcement officers who protect the community.

    The immigration cases were referred or supported by federal law enforcement partners, including Homeland Security Investigations (HSI), Immigration and Customs Enforcement’s Enforcement and Removal Operations (ICE ERO), Customs and Border Protection, U.S. Border Patrol, the Drug Enforcement Administration (DEA), the Federal Bureau of Investigation (FBI), the U.S. Marshals Service (USMS), and the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), with the support and assistance of state and local law enforcement partners.

    Indictments and criminal complaints are merely allegations and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

  • MIL-OSI: Element Announces Annual Meeting Voting Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 02, 2025 (GLOBE NEWSWIRE) — Element Fleet Management Corp. (TSX:EFN) (“Element” or the “Company”), the largest publicly traded, pure-play automotive fleet manager in the world, confirmed today that all ten nominees listed in its management information circular dated March 19, 2025 were elected as directors at the Annual Meeting of Shareholders held on May 2, 2025 (the “Meeting”), with each director receiving strong support as demonstrated by the results below. A total of 349,202,443 common shares (approximately 86.53% of the outstanding common shares) were represented in person or by proxy at the Meeting.

    “We would like to thank our shareholders for their engagement, as demonstrated by turnout of over 86% of shares voted, and also for their continued support as evidenced by the strong voting outcomes,” said Kathleen Taylor, Chair of the Board.

    The detailed results of the vote for the election of directors at the Meeting are set out below:

      Votes for % for
    (of votes cast)    		 Votes withheld % withheld
    (of votes cast)
    Virginia Addicott 345,419,049 99.34% 2,280,069 0.66%
    Laura Dottori-Attanasio 347,680,044 99.99% 19,074 0.01%
    Paolo Ferrari 347,637,313 99.98% 61,805 0.02%
    G. Keith Graham 344,482,652 99.07% 3,216,466 0.93%
    Joan Lamm-Tennant 323,535,370 93.05% 24,163,748 6.95%
    Rubin J. McDougal 347,674,592 99.99% 24,526 0.01%
    Tracey McVicar 347,429,704 99.92% 269,414 0.08%
    Andrea Rosen 343,956,622 98.92% 3,742,496 1.08%
    Kathleen Taylor 342,901,957 98.62% 4,797,161 1.38%
    Luis Tellez 344,043,244 98.95% 3,655,874 1.05%
             

    In addition, shareholders approved an advisory resolution (say on pay) on executive compensation with 97.51% of votes cast in favour of the resolution, and approved the re-appointment of Ernst & Young LLP as the Company’s independent auditors.

    For complete results on all matters voted on at the Meeting, see Element’s Report of Voting Results filed on the Company’s SEDAR+ profile at www.sedarplus.com.

    About Element Fleet Management

    Element Fleet Management (TSX: EFN) is the largest publicly traded pure-play automotive fleet manager in the world. As a Purpose-driven company, we provide a full range of sustainable and intelligent mobility solutions to optimize and enhance fleet performance for our clients across North America, Australia, and New Zealand. Our services address every aspect of our clients’ fleet requirements, from vehicle acquisition, maintenance, route optimization, risk management, and remarketing, to advising on decarbonization efforts, integration of electric vehicles and managing the complexity of gradual fleet electrification. Clients benefit from Element’s expertise as one of the largest fleet solutions providers in its markets, offering economies of scale and insight used to reduce operating costs and enhance efficiency and performance. At Element, we maximize our clients’ fleet so they can focus on growing their business. For more information, please visit: https://www.elementfleet.com

    Contact:

    This press release includes forward-looking statements regarding Element and its business. Such statements are based on management’s current expectations and views of future events. In some cases the forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause Element’s actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Such risks and uncertainties include those regarding the fleet management and finance industries, economic factors, regulatory landscape and many other factors beyond the control of Element. A discussion of the material risks and assumptions associated with this outlook can be found in Element’s annual MD&A, and Annual Information Form for the year ended December 31, 2024, each of which has been filed on SEDAR+ and can be accessed at www.sedarplus.com. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Element undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

    The MIL Network –

  • MIL-OSI: Mount Logan Capital Inc. Schedules Release of First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 02, 2025 (GLOBE NEWSWIRE) — Mount Logan Capital Inc. (CBOE: MLC) (“Mount Logan” or the “Company”) will release its financial results for the first quarter ended March 31, 2025 after market close on Thursday, May 15, 2025. The Company will host a conference call on Friday, May 16, 2025, at 11:00 a.m. Eastern Time to discuss these results. Shareholders, prospective shareholders, and analysts are welcome to listen to the conference call. To join the call, please use the dial-in information below. A recording of the conference call will be available on Mount Logan’s website www.mountlogancapital.ca in the Investor Relations section under “Events”.

    Canada Dial-in Toll Free: 1-833-950-0062
    US Dial-in Toll Free: 1-833-335-0887
    International Dial-in:
    Access Code: 813165

    About Mount Logan Capital Inc.

    Mount Logan Capital Inc. is an alternative asset management and insurance solutions company that is focused on public and private debt securities in the North American market and the reinsurance of annuity products, primarily through its wholly owned subsidiaries Mount Logan Management LLC (“ML Management”) and Ability Insurance Company (“Ability”), respectively. Mount Logan also actively sources, evaluates, underwrites, manages, monitors and primarily invests in loans, debt securities, and other credit-oriented instruments that present attractive risk-adjusted returns and present low risk of principal impairment through the credit cycle.

    ML Management was organized in 2020 as a Delaware limited liability company and is registered with the SEC as an investment adviser under the Investment Advisers Act of 1940, as amended. The primary business of ML Management is to provide investment management services to (i) privately offered investment funds exempt from registration under the Investment Company Act of 1940, as amended (the “1940 Act”) advised by ML Management, (ii) a non-diversified closed end management investment company that has elected to be regulated as a business development company, (iii) Ability, and (iv) non-diversified closed-end management investment companies registered under the 1940 Act that operate as interval funds. ML Management also acts as the collateral manager to collateralized loan obligations backed by debt obligations and similar assets.

    Ability is a Nebraska domiciled insurer and reinsurer of long-term care policies and annuity products acquired by Mount Logan in the fourth quarter of fiscal year 2021. Ability is also no longer insuring or re-insuring new long-term care risk. 

    This press release is not, and under no circumstances is it to be construed as, a prospectus or an advertisement and the communication of this release is not, and under no circumstances is it to be construed as, an offer to sell or an offer to purchase any securities in the Company or in any fund or other investment vehicle. This press release is not intended for U.S. persons. The Company’s shares are not and will not be registered under the U.S. Securities Act of 1933, as amended, and the Company is not and will not be registered under the U.S. Investment Company Act of 1940 (the “1940 Act”). U.S. persons are not permitted to purchase the Company’s shares absent an applicable exemption from registration under each of these Acts. In addition, the number of investors in the United States, or which are U.S. persons or purchasing for the account or benefit of U.S. persons, will be limited to such number as is required to comply with an available exemption from the registration requirements of the 1940 Act.

    Contacts:
    Mount Logan Capital Inc.
    365 Bay Street, Suite 800
    Toronto, ON M5H 2V1
    info@mountlogancapital.ca 

    Nikita Klassen
    Chief Financial Officer
    Nikita.Klassen@mountlogancapital.ca

    Scott Chan
    Investor Relations
    Scott.Chan@mountlogan.com

    The MIL Network –

  • MIL-OSI USA: Warner, Cramer Reintroduce Bipartisan Bill to Authorize Remote Online Notarizations Nationwide

    US Senate News:

    Source: United States Senator for Commonwealth of Virginia Mark R Warner
    WASHINGTON – Despite significant advancements in digital technology, remote notarization has yet to be fully deployed and accepted on an interstate basis. While nearly every state allows for remote electronic notarization, regulations and recognition vary between states.
    U.S. Sens. Mark R. Warner (D-VA) and Kevin Cramer (R-ND) introduced their bipartisan Securing and Enabling Commerce Using Remote and Electronic (SECURE) Notarization Act. This bill would permit the nationwide use of Remote Online Notarizations (RON), enabling notaries and signers to complete the process from different physical locations. It authorizes every notary in the United States to perform RON and provides certainty for interstate recognition of RON. The SECURE Notarization Act requires tamper-evident technology and fraud prevention measures through the use of multifactor authentication.
    “It’s time to finally bring the notarization process into the 21st century,” said Sen. Warner. “Remote notarizations have proven to be a safe and convenient way for individuals to complete essential services such as executing wills, completing financial documents, and buying or selling a home online. This legislation would continue to modernize this system by permitting nationwide use of Remote Online Notarization to complete important documents.”
    “We’ve made a lot of progress toward much more widespread use of online notarizations in the past few years, particularly through the pandemic,” said Sen. Cramer. “But this patchwork of state regulations really leaves consumers without consistent access to some notary services. Quite honestly, I think it violates, certainly, the spirit of interstate commerce. Our bill simply makes sure online notarizations are valid across [state] lines and allow every notary to perform them, and perform them in a very secure way.”
    The SECURE Notarization Act will complement state regulations, including those in North Dakota, which already allow for remote notarizations.
    The bill is endorsed by American Land Title Association (ALTA), Mortgage Bankers Association (MBA), National Association of REALTORS (NAR), and American Council of Life Insurers (ACLI).
    “Senators Cramer and Warner have been longstanding champions in recognizing the clear benefits of extending RON access to all Americans and leading this bipartisan legislation, which offers a safe and secure path to remotely close real estate and mortgage transactions,” said Diane Tomb, CEO of ALTA. “By passing the SECURE Notarization Act, Congress will embrace a proven innovation and modernize the notarization process with a secure system that meets consumer needs and expectations, including those of our military heroes overseas, the elderly, and homebuyers seeking convenience.”
    “The SECURE Notarization Act would make the mortgage closing process more convenient for consumers by creating federal minimum standards to allow notaries in all states to perform remote online notarization (RON) transactions,” said Bill Killmer, Senior Vice President of Legislative and Political Affairs at MBA. “MBA appreciates Senator Cramer and Warner’s commitment to enable nationwide use of RON technology. Their continued diligence and hard work on this critical issue will greatly simplify and improve mortgage transactions for all borrowers.”
    “The National Association of REALTORS applauds Senators Cramer and Warner for reintroducing the SECURE Notarization Act,” said Shannon McGhan, EVP & Chief Advocacy Officer for the National Association of REALTORS. “This commonsense, bipartisan bill will modernize an essential part of real estate transactions by allowing nationwide use of secure, remote online notarization. Reliable, accessible notarized records are the bedrock of real estate, and this technology ensures Americans can continue to buy, sell, and finance property with confidence in today’s digital age.”
    “Senators Cramer and Warner understand that families need practical, modern tools to plan for their financial futures,” said David Chavern, President and CEO of the ACLI. “During COVID, life insurers demonstrated how well remote online notarization works for consumers. Allowing its use nationwide is a smart, commonsense step to bring the notarization process into the 21st century.”

    MIL OSI USA News –

  • MIL-OSI USA: Statement of U.S. Sens. Mark R. Warner and Tim Kaine on President’s Budget Request

    US Senate News:

    Source: United States Senator for Commonwealth of Virginia Mark R Warner
     WASHINGTON – Today, U.S. Sens. Mark R. Warner and Tim Kaine (both D-VA) released the following statement after President Donald Trump released his Fiscal Year 2026 discretionary budget request to Congress:
    “The budget the President released today reflects what we’ve seen over the past 103 days—that the Trump Administration is laser-focused on taking a chainsaw to important government programs that Americans rely on so that they can cut taxes for billionaires. This cruel budget would cut critical funding for education, such as Federal Work Study; substance use disorder prevention; rural development; housing; support for small businesses; research into cancer and other diseases; cybersecurity; foreign assistance; violence prevention, including Jabara-Heyer NO Hate grants; and more. It would also roll back funding from the Bipartisan Infrastructure Law and other historic legislation that we were proud to help pass in Congress. As Congress continues negotiating a budget in the coming months, we are committed to pushing back against these massive cuts that will harm Virginians and our economy and make communities less safe.”   

    MIL OSI USA News –

  • MIL-OSI USA: Cassidy Introduces Legislation to Increase Resiliency, Strengthen Louisiana Power Grids

    US Senate News:

    Source: United States Senator for Louisiana Bill Cassidy
    WASHINGTON – U.S. Senator Bill Cassidy, M.D. (R-LA) introduced the Preventing Power Outages Act to strengthen power grids resiliency across the country by reauthorizing two U.S. Department of Energy (DOE) grant programs that help states and utilities invest in modernizing their grid infrastructure. The bill would update these programs to ensure sufficient funding goes toward states whose grids are least reliable and require the most investment, helping the power stay on in the face of extreme weather and natural disasters.
    “I was at an event this week where President Trump emphasized the need for growth and power generation to fuel our future economy. He specifically spoke of the problems with our grid,” said Dr. Cassidy. “This is one more step in addressing those problems that President Trump was speaking of.”
    Cassidy was joined by U.S. Senator Gary Peters (D-MI) in introducing the legislation.
    Louisiana needs long-term, strategic investment to improve the resiliency of its grid infrastructure and deliver reliable power to households and businesses. However, without federal assistance, grid repair costs often ultimately fall to the very consumers that are being impacted by rising energy rates, poor reliability, and long service restoration times.
    The Preventing Power Outages Act would reauthorize and update DOE’s Grid Resilience State/Tribal Formula Grants Program and Grid Resilience Utility and Industry Grants Program, which have spurred historic investment in much-needed grid improvements in recent years but are set to expire in 2026. Funding from these programs can be used for underground electrical equipment, utility pole management, relocating power lines, and more. It can also be used to acquire innovative technologies, including weatherization equipment, fire-resistant technologies, and fire prevention systems. Without reauthorization, states that require significant grid upgrades could go without the necessary investments to address ongoing challenges. The senators’ legislation aims to protect these critical federal resources and ensure Americans across the country have access to safe, reliable, and affordable power. 
    Background
    Cassidy worked to secure increased funding for grid hardening when negotiating the Infrastructure Investment and Jobs Act (IIJA). Louisiana has already received $929,157,661.00 from IIJA to improve and strengthen the state’s electric grid thanks to Cassidy’s leadership.

    MIL OSI USA News –

  • MIL-OSI USA: Q&A: Nazi Ratlines

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley
    Q: Why did you hold a hearing in March about the rise in antisemitism?
    A: The atrocities of Oct. 7, 2023 underscored how imperative it is to learn from history. The horrific lessons of the Holocaust must never be forgotten. And yet, Hamas terrorists waged the deadliest attack on Jews since World War II. They butchered children and raped women, murdering more than 1,200 people. The terrorists took 250 hostages, including Americans. The gruesome details were instantly shared around the world through social media. You’d expect these evil crimes to foster a groundswell of support and solidarity for the Jewish people. Instead, an alarming cascade of events took root on college campuses across America. Support for Hamas, genocidal slogans and acts of antisemitism targeting Jewish students, shopkeepers, professors and rabbis served as a wake-up call to the world. Vandalized property, raging hatred and a radical agenda to target Jewish people here in America demanded attention to shed light on what was happening in plain sight. Before the eyes and under the noses of leaders in education and government, antisemitism was gaining foothold here in America. Yet the Democrats refused to hold a hearing on antisemitism last Congress.
    As chairman of the Senate Judiciary Committee, I invited witnesses to testify about the rising tide of antisemitism in America, exactly 80 years after U.S. and allied forces liberated survivors from Nazi concentration camps in Europe. The horrors of the Holocaust are memorialized in museums and history pages. It is incumbent upon each successive generation not to ignore the hatred or diminish the truths discovered by American troops in 1945: the “walking skeletons,” emaciated corpses and unthinkable atrocities against humanity, including medical experiments, torture and hard labor. History teaches us we can’t be neutral in the face of hatred. As Holocaust survivor Eli Wiesel said during his acceptance speech for the Nobel Peace Prize, “We must always take sides. Neutrality helps the oppressor, never the victim. Silence encourages the tormentor, never the tormented.”
    Q: What’s new with your investigation to trace financial ties between Swiss banks and Nazi war criminals?
    A: In 2023, I received whistleblower allegations of wrongdoing by Credit Suisse during its internal review into potential Nazi-linked accounts that had not previously been disclosed during past investigations. In response, I launched an investigation to examine these allegations, including Credit Suisse’s servicing of Nazi-linked clients. With my leadership, the Senate Budget Committee issued its first subpoena since 1991 to learn more about the bank’s wrongdoing in its internal investigation. My review confirmed previously undisclosed ties with Nazi-connected Credit Suisse account holders. This work is ongoing. My focus remains to keep a bright light shining on one of the darkest chapters in modern human history in the pursuit of truth and justice. This global forensic exam spans three continents and involves countless records, including digital and paper documents originating from the 1930s and 1940s. In February, I wrote a letter to the president of Argentina, Javier Milei, requesting his assistance to provide archival records documenting the use of Nazi “ratlines” during and after World War II. These secret networks provided the monetary and logistical pathways members of the Nazi regime used to escape justice and flee to South America. President Milei’s historic decision to release these records, and make them widely accessible, in response to my request is a victory for transparency and will help advance oversight of this important issue.
    Transparency brings accountability. October 7 ushered in a new era of urgency to stop antisemitism in its tracks. Combing through these historical archives will help piece together the enablers who facilitated the escape of Nazi war criminals, honor the memories of Holocaust victims and deliver justice to the survivors. As time marches on, tenacity matters. We must never forget six million souls were stolen in the Holocaust. I’m working as hard as ever to keep history alive so current and future generations don’t sit on the sidelines when genocide and antisemitism rear their evil heads. Holocaust survivor Simon Wiesenthal said it best, “Hope lives when people remember.”
    May is National Jewish American Heritage Month.

    MIL OSI USA News –

  • MIL-OSI USA News: WEEK 15 WINS: President Trump’s 100th Day Marked by More Success

    Source: The White House

    This week, President Donald J. Trump celebrated his 100th day in office — and set the course for the next 100 days of growth, prosperity, and success for the American people.

    Here is a non-comprehensive list of wins in week 15:

    • The economy added 177,000 new jobs in April, according to the latest jobs report — smashing expectations for another month as the workforce grows and businesses onshore jobs.
    • President Donald J. Trump’s relentless pursuit of manufacturing dominance spurred onshoring and additional U.S. investment.
      • Mercedes-Benz announced it will move production of another vehicle to its Tuscaloosa, Alabama, manufacturing facility.
      • AstraZeneca announced it will shift production of some medicines from Europe to the U.S.
      • Walmart expanded its support for American-made products.
      • IBM announced a $150 billion investment over the next five years in its U.S.-based growth and manufacturing operations.
      • Pratt Industries announced a $5 billion investment that will result in 5,000 new manufacturing jobs across several key industrial states.
      • Kimberly-Clark announced a $2 billion investment in its U.S. manufacturing sites, which will create 900 new jobs.
      • Corning announced it is expanding its Michigan manufacturing facility investment to $1.5 billion.
      • Merck & Co. announced a $1 billion investment to build a new state-of-the-art biologics manufacturing plant in Delaware, which will create at least 500 new jobs — part of the company’s commitment to invest more than $9 billion over the next four years.
        • “Since the advent of the 2017 Tax Cuts and Jobs Act, Merck has allocated more than $12 billion to enhance our domestic manufacturing and research capabilities, with additional planned investments of more than $9 billion over the next four years.”
      • Amgen announced a $900 million investment in its Ohio-based manufacturing operation.
        • “Pro-growth policies like the @POTUS @WhiteHouse 2017 Tax Cuts and Jobs Act helped make investments like this possible. Since enactment, Amgen has invested ~$5B in capital expenditures. This amounts to an additional downstream output to the U.S. economy of approximately $12B.”
      • The Bel Group announced a $350 million investment to expand its U.S.-based production, including at its South Dakota, Idaho and Wisconsin facilities — which will create 250 new jobs.
    • President Trump continued to secure our border and rid our communities of illegal immigrant criminals.
      • New York Post: Illegal border crossings remained near historic lows in April after President Trump’s crackdown
      • The Trump Administration directed an operation at an underground nightclub in Colorado “frequented by TdA and MS-13 terrorists” that resulted in 100 illegal immigrant arrests.
      • ICE arrested more than 1,000 illegal immigrants in Florida in just six days as part of Operation Tidal Wave.
      • Uzbekistan agreed to pay for and accept 131 illegal immigrants from Uzbekistan, Kyrgyzstan and Kazakhstan.
    • President Trump continued to pursue peace through strength around the world.
      • President Trump secured a historic agreement with Ukraine that gives the U.S. an economic stake in securing a free, peaceful, and sovereign future for Ukraine and allows for the long-term reconstruction and modernization of the country after Russia’s invasion.
      • President Trump announced secondary sanctions on any country or person who purchases Iranian oil.
      • President Trump secured the release of a wrongfully detained U.S. citizen in Belarus and a U.S. citizen imprisoned in Kuwait — for a total of 47 detained citizens abroad freed since President Trump took office.
      • The Trump Administration brokered a joint pledge for peace between Rwanda and the Democratic Republic of the Congo.
      • The Department of the Treasury cracked down on vessels delivering oil derivatives to Houthi terrorists in Yemen.
      • The Department of the Treasury sanctioned six Iranian and Chinese firms linked to procuring missile propellant ingredients for the Iranian regime.
    • The Trump Administration forged ahead on its unprecedented effort to secure American energy dominance.
      • Woodside Energy Group financially approved a $17.5 billion liquefied natural gas (LNG) project.
      • The Environmental Protection Agency granted an emergency waiver that allows Americans to buy cheaper, higher-ethanol gasoline through the summer, which will save Americans money.
    • President Trump took a series of executive actions to improve Americans’ lives.
      • President Trump strengthened the ability of state and local law enforcement to pursue criminals and protect innocent Americans.
      • President Trump signed an executive order to protect Americans in so-called “sanctuary” jurisdictions from dangerous criminal illegal immigrants.
      • President Trump established the Religious Liberty Commission to safeguard and promote America’s founding principle of religious freedom.
      • President Trump incentivized American automobile production.
      • President Trump ordered that commercial truck drivers must be properly qualified and proficient in English.
      • President Trump ended the taxpayer subsidization of NPR and PBS.
    • President Trump unveiled his proposed budget, which would save taxpayers $163 billion in wasteful spending, gut the weaponized deep state, and provide historic increases for defense and border security.
    • President Trump launched the FEMA Review Council to help fix the broken disaster response system and return power to the states.
    • President Trump announced Selfridge Air National Guard Base in Michigan will soon be home to the new F-15EW Eagle II fighter jets.
    • President Trump renamed May 8 as “Victory Day for World War II” and November 11 as “Victory Day for World War I” in recognition of America’s role in winning the two wars.
    • The Department of Health and Human services released a comprehensive review of so-called “gender-affirming care,” finding no strong medical or scientific evidence exists to support the treatment’s irreversible effects.
    • The Trump Administration ended the Biden-era lawfare against South Dakota cattle ranchers who were wrongfully persecuted over a minor land dispute.
    • The Department of State designated Haitian gangs Viv Ansanm and Gran Grif as Foreign Terrorist Organizations.
    • The Department of Education launched a civil rights investigation into the New York Department of Education over its threat to withhold funding from the Massapequa School District if it does not eliminate its Native American mascot.
    • The Department of Education announced its finding that the University of Pennsylvania violated Title IX, notifying the institution that they have ten days to resolve the violations or risk a referral to the Department of Justice for enforcement proceedings.
    • The Department of Education and the Department of Health and Human Services announced investigations into Harvard University and the Harvard Law Review based on reports of race-based discrimination permeating the operations of the journal.
    • The Department of the Interior announced 42 new proposed hunting opportunities across 87,000 acres within the National Wildlife Refuge System and National Fish Hatchery System, which would more than triple the number of opportunities and quintuple the number of stations opened or expanded compared to the previous administration.
    • The Department of Energy announced it will lift a range of unnecessary regulations on certain indoor and outdoor gas products — expanding choice and lowering costs for consumers.
    • The Department of Transportation unveiled a new package of actions to further supercharge the air traffic controller workforce.
    • Director of National Intelligence Tulsi Gabbard added counter narcotics to the National Counter Terrorism Center in order to “focus intelligence and vetting resources against these terrorists who traffic deadly narcotics into the country.”
    • The Department of Justice arrested two individuals on charges of operating an international child exploitation enterprise.
    • The Department of Agriculture secured an agreement with Mexico for an immediate transfer of water from international reservoirs to Texas farmers and ranchers.
    • The White House Council on Environmental Quality established the Permitting Innovation Center to cut red tape and accelerate the environmental review process.
    • The National Institutes of Health announced it will publish studies it funds online for free to empower Americans’ own research and promote maximum transparency.
    • PepsiCo announced it will remove artificial ingredients from some popular food offerings by the end of the year following the Trump Administration’s push to end artificial food dyes.

    MIL OSI USA News –

  • MIL-OSI USA: Accelerating MWBE Certification During AAPI Heritage Month

    Source: US State of New York

    overnor Kathy Hochul today announced the launch of the “AAPI Enterprise Empowerment” initiative, a targeted effort to help minority- and women-owned businesses complete their New York State MWBE Certification applications during Asian American and Pacific Islander Heritage Month. Running from May 1 through June 13, 2025, the initiative leverages a statewide network of business advisory centers to provide free, comprehensive support to MWBE applicants. As part of the state’s broader efforts to expand opportunity, Empire State Development and the New York Power Authority have also launched a new partnership to strengthen the MWBE pipeline through the Business Growth Accelerator Program, enhancing the program’s reach and impact by providing participating businesses with direct access to industry expertise, procurement guidance, and networking opportunities. Additionally, Governor Hochul today issued a proclamation celebrating Asian American and Pacific Islander Heritage Month.

    “During Asian American and Pacific Islander Heritage Month, we’re taking bold action to expand economic opportunity for AAPI business owners across New York State,” Governor Hochul said. “The AAPI Enterprise Empowerment initiative provides entrepreneurs with expert guidance to navigate certification, opening doors to millions in state contracts. This program strengthens our commitment to ensuring New York’s economy reflects the vibrant diversity that powers our communities.”

    New York State Chief Diversity Officer Julissa Gutierrez said, “The AAPI Enterprise Empowerment initiative transforms celebration into economic advancement by creating direct pathways to opportunity. By partnering with trusted business centers throughout the state, we’re meeting entrepreneurs where they are. This initiative represents our vision of an inclusive economy where AAPI-owned businesses can showcase their innovation and contribute to New York’s growth.”

    Empire State Development President, CEO, and Commissioner Hope Knight said, “By accelerating the certification timeline and providing hands-on support through our network of business advisors, the AAPI Enterprise Empowerment initiative is removing long-standing barriers to participation in state contracting. Through new partnerships like our collaboration with the New York Power Authority on the Business Growth Accelerator Program, we are extending these efforts even further—ensuring MWBEs have the resources, mentorship, and access they need to grow, compete, and lead in New York’s economy.”

    New York Power Authority President and CEO Justin E. Driscoll said, “Under Governor Hochul’s leadership, New York State continues to break down barriers and create pathways to success for minority- and women-owned businesses. By partnering with Empire State Development, the New York Power Authority is proud to play a pivotal role in the Business Growth Accelerator Program which strengthens the MWBE pipeline, offers AAPI-owned businesses the resources, guidance, and opportunities they need to thrive, and helps ensure a more equitable future for all New Yorkers.”

    The AAPI Enterprise Empowerment Initiative builds on New York State’s streamlined certification process that already delivers decisions in as little as 90 days or less. While businesses must meet the requirements set forth in Executive Law Article 15-A and Title 5 to qualify, the initiative aims to expedite the process for eligible applicants who respond to information requests within five business days through free, hands-on technical assistance.

    MWBEs can connect with the following organizations for free application assistance:

    ESD Strengthens Business Growth Accelerator Program with New York Power Authority and Statewide Agency Partnerships to Empower 200 MWBEs
    Empire State Development’s Division of Minority and Women’s Business Development (DMWBD) has expanded the reach of its Business Growth Accelerator (BGA 3.0) Program through a strategic Memorandum of Understanding with the New York Power Authority (NYPA) and growing collaborations with several state agencies and authorities. This statewide initiative will support and accelerate the growth of 200 MWBEs across New York State, with a special emphasis on firms in construction and semiconductor-related trades.

    BGA 3.0 offers intensive, regionally delivered business development services and technical assistance to help MWBEs scale and access public and private contracting opportunities. Through this collaborative effort, ESD’s DMWBD, NYPA, and additional participating agencies will strengthen MWBEs’ operational and technical capacity, provide guidance on state contracting, facilitate networking and matchmaking, and contribute to the overall success and sustainability of the program.

    Participating businesses will gain access to comprehensive training in areas such as business administration, procurement, and financial management; individualized mentorship and technical assistance; exclusive networking opportunities with potential clients and partners; connections to funding and industry experts; and a customized business growth plan to guide long-term success.

    Currently entering its training phase, the BGA 3.0 Program will run through September 2026. Recruitment is ongoing and interested MWBEs can learn more and apply through the BGA 3.0 Program webpage here.

    Governor Hochul’s Support for New York’s MWBEs
    Under Governor Hochul’s leadership, New York State has transformed its MWBE program into a national model for inclusive economic growth. A strategic $11 million investment in FY 2023 eliminated the certification backlog and reduced application response times to 90 days or less. In 2024, Empire State Development certified and recertified over 2,403 businesses, streamlining access to state contracting opportunities.

    New York continues to set national benchmarks for MWBE participation, exceeding its 30 percent utilization goal for the fourth consecutive year with a nation-leading 32.21 percent rate. This achievement represents nearly $3 billion in state contracts awarded to certified MWBEs in FY 2023-24, contributing to almost $12 billion in awards since Governor Hochul took office. Further strengthening the program’s impact, the Governor introduced the New York State MWBE Certified Decal, an official mark of certification that increases visibility for qualified businesses and opens new opportunities with both government and private sector partners.

    MIL OSI USA News –

  • MIL-OSI: Great Elm Group, Inc. Schedules Fiscal 2025 Third Quarter Conference Call and Webcast

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH GARDENS, Fla., May 02, 2025 (GLOBE NEWSWIRE) — Great Elm Group, Inc. (“Great Elm”) (NASDAQ: GEG), today announced plans to release financial results for the fiscal quarter ended March 31, 2025, after the close of market trading on Wednesday, May 7, 2025.   

    Company to Host Conference Call & Webcast

    Great Elm will also host a conference call and webcast on Thursday, May 8, 2025, at 8:30 a.m. Eastern Time to discuss its fiscal 2025 third quarter financial results.   

    All interested parties are invited to participate in the conference call by dialing +1 (877) 407-0752; international callers should dial +1 (201) 389-0912. Participants should enter the Conference ID 13746971 if asked.

    A copy of the slide presentation that will be referenced during the conference call can be found here.

    The conference call will be webcast simultaneously and can be accessed here. 

    About Great Elm Group, Inc.
    Great Elm Group, Inc. (NASDAQ: GEG) is a publicly-traded, alternative asset manager focused on growing a scalable and diversified portfolio of long-duration and permanent capital vehicles across credit, real estate, specialty finance, and other alternative strategies. Great Elm Group, Inc. and its subsidiaries currently manage Great Elm Capital Corp., a publicly-traded business development company, and Monomoy Properties REIT, LLC, an industrial-focused real estate investment trust, in addition to other investments. Great Elm Group, Inc.’s website can be found at www.greatelmgroup.com.

    Media & Investor Contact:
    Investor Relations
    geginvestorrelations@greatelmcap.com

    The MIL Network –

  • MIL-OSI: Silvercrest Asset Management (SAMG) to Announce First Quarter 2025 Results and Host Investor Conference Call

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 02, 2025 (GLOBE NEWSWIRE) — Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) announced today it will host a teleconference at 8:30 am Eastern Time on May 9, 2025, to discuss the company’s financial results for the first quarter ended March 31, 2025. A news release containing the results will be issued before the open of the U.S. equity markets and will be available on http://ir.silvercrestgroup.com/.

    Chairman, Chief Executive Officer and President Richard R. Hough III and Chief Financial Officer Scott A. Gerard will review the quarterly results during the call. Immediately after the prepared remarks, there will be a question and answer session for analysts and institutional investors.

    Analysts, institutional investors and the general public may listen to the call by dialing 1-844-836-8743 or for international callers please dial 1-412-317-5723. A live, listen-only webcast will also be available via the investor relations section of www.silvercrestgroup.com. An archived replay of the call will be available after the completion of the live call on the Investor Relations page of the Silvercrest website at http://ir.silvercrestgroup.com/.

    About Silvercrest
    Silvercrest was founded in April 2002 as an independent, employee-owned registered investment adviser. With offices in New York, Boston, Virginia, New Jersey, California and Wisconsin, Silvercrest provides traditional and alternative investment advisory and family office services to wealthy families and select institutional investors. As of December 31, 2024, the firm reported assets under management of $36.5 billion.

    Contact: Richard Hough
    212-649-0601
    rhough@silvercrestgroup.com

    The MIL Network –

  • MIL-OSI: Subsea7 awarded ‘super-major’ contract offshore Brazil

    Source: GlobeNewswire (MIL-OSI)

    Luxembourg – 2 May 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a super-major contract1 by Petrobras, after winning a competitive tender, for the development of the Búzios 11 field located approximately 180 kilometres off the coast of the state of Rio de Janeiro, Brazil, at 2,000 metres water depth in the pre-salt Santos basin.

    The contract scope includes engineering, procurement, fabrication, installation, and pre-commissioning of 112km rigid risers and flowlines system. 

    Project management and engineering will commence immediately at Subsea7’s offices in Rio de Janeiro, Suresness and Sutton; Fabrication of the pipelines will take place at Subsea7’s spoolbase in Brazil, and Offshore activities are scheduled for 2027 and 2028.

    Yann Cottart, Senior Vice-President Brazil and Global Projects Centre West said: 

    “This award again underscores Subsea7’s proven expertise in delivering complex, world-scale size projects, reinforcing our strong execution capabilities and commitment to operational excellence and safety. With a solid backlog and a diverse portfolio, we continue to drive value for our shareholders while further contributing to Brazil’s development. We thank Petrobras for their trust and look forward to once again playing a significant role in the success of the Búzios field.” 

    1. Subsea7 defines a super-major contract as being over $1.25 billion.

    *******************************************************************************
    Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs.
    Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

    *******************************************************************************

    Contact for investment community enquiries:
    Katherine Tonks
    Investor Relations Director
    Tel +44 20 8210 5568
    ir@subsea7.com

    Contact for media enquiries:
    Elisa Magalhães
    Marketing & External Communications Manager
    Tel +55 21 3370-6629
    elisa.magalhaes@subsea7.com
    www.subsea7.com

    Forward-Looking Statements: This document may contain ‘forward-looking statements’ (within the meaning of the safe harbour provisions of the U.S. Private Securities Litigation Reform Act of 1995). These statements relate to our current expectations, beliefs, intentions, assumptions or strategies regarding the future and are subject to known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements may be identified by the use of words such as ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘future’, ‘goal’, ‘intend’, ‘likely’ ‘may’, ‘plan’, ‘project’, ‘seek’, ‘should’, ‘strategy’ ‘will’, and similar expressions. The principal risks which could affect future operations of the Group are described in the ‘Risk Management’ section of the Group’s Annual Report and Consolidated Financial Statements. Factors that may cause actual and future results and trends to differ materially from our forward-looking statements include (but are not limited to): (i) our ability to deliver fixed price projects in accordance with client expectations and within the parameters of our bids, and to avoid cost overruns; (ii) our ability to collect receivables, negotiate variation orders and collect the related revenue; (iii) our ability to recover costs on significant projects; (iv) capital expenditure by oil and gas companies, which is affected by fluctuations in the price of, and demand for, crude oil and natural gas; (v) unanticipated delays or cancellation of projects included in our backlog; (vi) competition and price fluctuations in the markets and businesses in which we operate; (vii) the loss of, or deterioration in our relationship with, any significant clients; (viii) the outcome of legal proceedings or governmental inquiries; (ix) uncertainties inherent in operating internationally, including economic, political and social instability, boycotts or embargoes, labour unrest, changes in foreign governmental regulations, corruption and currency fluctuations; (x) the effects of a pandemic or epidemic or a natural disaster; (xi) liability to third parties for the failure of our joint venture partners to fulfil their obligations; (xii) changes in, or our failure to comply with, applicable laws and regulations (including regulatory measures addressing climate change); (xiii) operating hazards, including spills, environmental damage, personal or property damage and business interruptions caused by adverse weather; (xiv) equipment or mechanical failures, which could increase costs, impair revenue and result in penalties for failure to meet project completion requirements; (xv) the timely delivery of vessels on order and the timely completion of ship conversion programmes; (xvi) our ability to keep pace with technological changes and the impact of potential information technology, cyber security or data security breaches; (xvii) global availability at scale and commercially viability of suitable alternative vessel fuels; and (xviii) the effectiveness of our disclosure controls and procedures and internal control over financial reporting. Many of these factors are beyond our ability to control or predict. Given these uncertainties, you should not place undue reliance on the forward-looking statements. Each forward-looking statement speaks only as of the date of this document. We undertake no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    Attachment

    The MIL Network –

  • MIL-OSI: Greenlight Capital Re, Ltd. Schedules First Quarter 2025 Financial Results and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    GRAND CAYMAN, Cayman Islands, May 02, 2025 (GLOBE NEWSWIRE) — Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (the “Company” or “Greenlight Re”), a multiline property and casualty insurer and reinsurer, today announced that it expects to release financial results for the first quarter ended March 31, 2025, after the market closes on Wednesday, May 7, 2025. A live conference call to discuss the financial results will be held on Thursday, May 8, 2025, at 9:00 a.m. Eastern Time.

    Conference Call Details

    To participate in the Greenlight Re First Quarter 2025 Earnings Call, please dial in to the conference call at:

    U.S. toll free 1-877-407-9753
    International 1-201-493-6739
       

    The conference call can also be accessed via webcast at:

    https://event.webcasts.com/starthere.jsp?ei=1714274&tp_key=429d07a808

    A telephone replay will be available following the call through May 13, 2025.  The replay of the call may be accessed by dialing 1-877-660-6853 (U.S. toll free) or 1-201-612-7415 (international), access code 13752944. An audio file of the call will also be available on the Company’s website, www.greenlightre.com.

    About Greenlight Capital Re, Ltd.

    Greenlight Re (www.greenlightre.com) provides multiline property and casualty insurance and reinsurance through its licensed and regulated reinsurance entities in the Cayman Islands and Ireland, and its Lloyd’s platform, Greenlight Innovation Syndicate 3456. The Company complements its underwriting activities with a non-traditional investment approach designed to achieve higher rates of return over the long term than reinsurance companies that exclusively employ more traditional investment strategies. The Company’s innovations unit, Greenlight Re Innovations, supports technology innovators in the (re)insurance space by providing investment capital, risk capacity, and access to a broad insurance network.

    Investor Relations Contact
    Karin Daly
    Vice President, The Equity Group Inc.
    (212) 836-9623
    IR@greenlightre.ky

    The MIL Network –

  • MIL-OSI: XRP News: Buy $XDX Tokens Now Before XenDex Presale Ends Soon, as XRP Market Heats Up

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, May 02, 2025 (GLOBE NEWSWIRE) — As excitement grips the XRP community following recent breakthroughs including ProShares’ XRP Futures ETF approval, Brazil’s XRP Spot ETF rollout, and the SEC’s lawsuit withdrawal, all eyes are now on XenDex, the decentralized platform designed to power the next phase of DeFi on the XRP Ledger.

    The $XDX presale has officially passed its soft cap, and with the final allocation now live, investors are rushing to secure their tokens before the presale closes and before prices climb again.

    Buy XDX on XenDex

    Why Buy $XDX Tokens Now?

    XenDex isn’t just another DEX, it’s a fully integrated, all-in-one DeFi platform built natively on XRPL. The $XDX token serves as the core utility and governance asset of the ecosystem, offering real functionality and long-term value.

    $XDX Token Use Cases Include:

    • Governance Rights – Vote on listings, upgrades, protocol decisions
    • Lending & Borrowing Utility – Collateralize $XDX or earn interest through the XenDex lending protocol
    • Staking & Yield Farming – Earn passive income from liquidity contributions
    • Fee Discounts – Enjoy lower trading, lending, and borrowing fees
    • Early Access – Get priority access to Launchpad, AI tools, and partner projects
    • Airdrop Eligibility – Unlock future rewards for long-term holders

    Join XDX Presale

    What Does XenDex Offer On The XRP Ledger?

    XenDex brings modern DeFi tools to XRPL for the first time in one seamless experience:

    • AI-Powered Copy Trading – Mirror elite trader strategies in real time
    • Non-Custodial Lending & Borrowing – Lend or borrow XRP and $XDX tokens securely
    • Cross-Chain Trading – Swap XRP with assets on Solana, BNB Chain, Ethereum, and more
    • Staking & Yield Farming – Supply liquidity to earn rewards
    • DAO Governance – True community control of platform evolution

    $XDX Presale Details (Final Phase)

    • Current Rate: 1.25 XRP = 10 XDX
    • Minimum Buy: 150 XRP
    • Soft Cap: Filled
    • Listing Price: Expected to be higher after presale ends

    Join the Presale Now Before It Ends: https://xendex.net/presale

    Listings on some top exchanges like Binance, Gate, MEXC, Bitmart, FirtsLedger, MagnetiX etc will bring massive exposure and global trading access, making this your final chance to buy before mainstream entry.

    Visit Official XenDex Platforms:

    Website: https://xendex.net
    Presale: https://xendex.net/presale
    Telegram: https://t.me/xendexcommunity
    Twitter/X: https://x.com/xendex_xrp
    Docs: https://xdxdocs.gitbook.io

    Contact:
    Frank Richards
    Frank@xendex.net

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0b5dad94-1fb6-44d4-9ef0-979778882734

    The MIL Network –

  • MIL-OSI: COMSTOCK RESOURCES, INC. ANNOUNCES DUAL LISTING ON NYSE TEXAS

    Source: GlobeNewswire (MIL-OSI)

    FRISCO, TX, May 02, 2025 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE: CRK) today announced a dual listing of its common stock on NYSE Texas, the newly launched fully electronic equities exchange headquartered in Dallas, Texas.

    M. Jay Allison, Chief Executive Officer of Comstock commented, “We are honored to become a Founding Member of NYSE Texas and show our support for the growth, momentum, and entrepreneurial spirit of the Lone Star State. Texas has a strong, diverse economy poised for continued success.”

    “We are thrilled to welcome Comstock Resources as a Founding Member of NYSE Texas,” said Chris Taylor, Chief Development Officer, NYSE Group. “The NYSE is committed to providing new offerings for our world-class community of listed companies and this dual listing underscores both NYSE’s and Comstock’s strong Texas pride and continued support for its flourishing economy.”

    Comstock will maintain its primary listing on the New York Stock Exchange and trade with the same “CRK” ticker symbol on NYSE Texas.

    This press release may contain “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management’s current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes the expectations in such statements to be reasonable, there can be no assurance that such expectations will prove to be correct. Information concerning the assumptions, uncertainties and risks that may affect the actual results can be found in the Company’s filings with the Securities and Exchange Commission (“SEC”) available on the Company’s website or the SEC’s website at sec.gov.

    Comstock Resources, Inc. is a leading independent natural gas producer with operations focused on the development of the Haynesville shale in North Louisiana and East Texas. The Company’s stock is traded on the New York Stock Exchange and NYSE Texas under the symbol CRK.

    The MIL Network –

  • MIL-OSI: Credicorp Ltd.: Credicorp’s Earnings Release and Conference Call 1Q25

    Source: GlobeNewswire (MIL-OSI)

    Lima, May 02, 2025 (GLOBE NEWSWIRE) — Lima, PERU, April, May 2nd, 2025 – Credicorp Ltd. announces to its shareholders and the market that its 1Q25 Earnings Release Report will be released on Thursday, May 15th, 2025, after market close.

    Credicorp’s Webcast / Conference Call to discuss such results will be held on Friday, May 16th, 2025, at 10:30 a.m. ET (9:30 a.m. Lima, Peru time).

    The call will be hosted by:
    Gianfranco Ferrari – Chief Executive Officer, – Alejandro Perez Reyes – Chief Financial Officer, Francesca Raffo – Chief Innovation Officer, Cesar Rios – Chief Risk Officer, Cesar Rivera – Head of Insurance and Pensions, Carlos Sotelo – Mibanco CFO and Investor Relations Team.

    We encourage participants to pre-register for the listen-only webcast presentation using the following link:
    https://dpregister.com/DiamondPassRegistration/register?confirmationNumber=10199249&linkSecurityString=ff0433990d

    Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time.

    Those unable to pre-register may dial in by calling:
    Participant dial-in (toll-free): 1 844 435 0321
    Participant international dial-in: 1 412 317 5615
    Participant Web Phone: Click Here
    Conference ID: Credicorp Conference Call

    The webcast will be archived for one year on our investor relations website at:
    https://credicorp.gcs-web.com/events-and-presentations/upcoming-events

    Credicorp reminds you that we filed our Annual Report on Form 20-F for the fiscal year ended December 31st, 2024 (2024 Form 20-F) with the Securities and Exchange Commission on April 25th, 2025. The 2024 Form 20-F includes audited consolidated financial statements of Credicorp and its subsidiaries as of December 31st, 2022, 2023 and 2024 under IFRS. Our 2024 Form 20-F can be downloaded from Credicorp’s website: https://credicorp.gcs-web.com/annual-materials Holders of Credicorp’s securities and any other interested parties may request a hard copy of our 2024 Form 20-F, free of charge, by filling out the form located on the link “mail request” on Credicorp’s website.

    About Credicorp

    Credicorp (NYSE: BAP) is the leading financial services holding company in Peru with presence in Chile, Colombia, Bolivia, and Panama. Credicorp has a diversified business portfolio organized into four lines of business: Universal Banking, through Banco de Crédito del Peru (“BCP”) and Banco de Crédito de Bolivia; Microfinance, through Mibanco in Peru and Colombia; Insurance & Pension Funds, through Grupo Pacifico and Prima AFP; and Investment Management & Advisory, through Credicorp Capital, Wealth Management at BCP and ASB Bank Corp. Credicorp has a presence in Peru, Chile, Colombia, Bolivia, and Panama.

    For further information, please contact the IR team:

    investorrelations@credicorpperu.com

    Investor Relations
    Credicorp Ltd.

    The MIL Network –

  • MIL-OSI USA: The White House Office of Management and Budget Releases the President’s Fiscal Year 2026 Skinny Budget

    US Senate News:

    Source: The White House
    Washington, D.C.–Today, the Office of Management and Budget (OMB) sent President Trump’s topline discretionary Budget request for fiscal year 2026 to the U.S. Congress.
    The Budget, which reduces non-defense discretionary by $163 billion or 23 percent from the 2025 enacted level, guts a weaponized deep state while providing historic increases for defense and border security.  The Budget also provides support for air and rail safety as well as key infrastructure and our Nation’s veterans and law enforcement.
    This is the lowest non-defense spending level since 2017.  Savings come from eliminating radical diversity, equity, and inclusion (DEI) and critical race theory programs, Green New Scam funding, large swaths of the Federal Government weaponized against the American people, and moving programs that are better suited for States and localities to provide. 
    Defense spending would increase by 13 percent, and appropriations for the Department of Homeland Security would increase by nearly 65 percent, to ensure that our military and other agencies repelling the invasion of our border have the resources they need to complete the mission.  These increases will be made possible through the passage of President Trump’s One Big Beautiful Bill, which will be enacted with a simple majority in the Congress, and not be held hostage by Democrats for wasteful spending increases that have been the status quo in Washington.
    “For decades, the biggest complaint about the Federal Budget was wasteful spending and bloated bureaucracy.  But over the last four years, Government spending aggressively turned against the American people and trillions of our dollars were used to fund cultural Marxism, radical Green New Scams, and even our own invasion.  No agency was spared in the Left’s taxpayer-funded cultural revolution.  At this critical moment, we need a historic Budget—one that ends the funding of our decline, puts Americans first, and delivers unprecedented support to our military and homeland security.  The President’s Budget does all of that,” said Russ Vought, Director of the Office of Management and Budget.
    Highlights of the President’s key priorities include the following:
    End Weaponization and Reduce Violent Crime.  The Budget ends the previous Administration’s weaponization of the Government by eliminating programs like the Cybersecurity and Infrastructure Security Agency’s disinformation offices that targeted and censored Americans, eliminating so-called Fair Housing programs that waged war on America’s suburbs, ending the Environmental Protection Agency’s unfair harassment of citizens over “environmental justice” directives, and halting the ATF’s criminalizing of gun-owning Americans and instead, focusing on stopping illegal firearms traffickers and violent gang members.
    The Budget prioritizes Department of Justice (DOJ) key functions—restoring law and order to America’s communities, fighting crime, and supporting America’s men and women in Blue.  To that end, the Budget proposes to eliminate more than 40 DOJ grant programs that fund things like a “feminist, culturally specific nonprofit” to address “structural racism and toxic masculinities” and training Fa’afafine advocates—an organization of biological men that describes themselves as a “third-gender” in Samoa.  The Budget also reflects the President’s priority of reducing violent crime in American cities and protecting national security by getting Federal Bureau of Investigation agents into the field. 
    Defund the Harmful Woke, Marxist Agenda.  Every single agency across the Federal Government was engaged in funding and advancing DEI and other radical, harmful ideologies such as:  $315 million for grant programs to push “intersectionality,” “racial equity,” and LGBTQIA+ programming for preschoolers; housing grants that funded activities such as an “Equity Audit” to reverse “land use patterns that have roots in systemically racist policies in L.A. County; and “addressing White Supremacy in the STEM profession.”  The Budget ends all of that.
    Secure the Border.  The Budget request empowers the Department of Homeland Security to implement the President’s mass removal campaign and secure the border.  This funding is in addition to historic investments in border security the Administration proposes to provide through mandatory funding, as part of the congressional Budget reconciliation process.  The discretionary request includes an additional $500 million for U.S. Immigration and Customs Enforcement to expedite the removal of illegal aliens through the support of 50,000 detention beds, $766 million to procure cutting-edge border security technology funding, and funding to maintain 22,000 Border Patrol Agents and hire additional Customs and Border Protection officers for a total of 26,383 officers.  The Budget also cuts off the flow of taxpayer funds that have been abused to facilitate migrant caravan invasions.  Departments whose task it was to prevent those invasions allocated billions in funding to non-governmental organizations running “border aid stations” and legal services to criminal aliens—all of which will be eliminated under this new budget.
    Realign Foreign Aid.  The Budget ensures that foreign aid spending is efficient and consistent with U.S. foreign policy under the America First agenda.  The Budget reorganizes the U.S. Agency for International Development into the Department of State to meet current needs and eliminates non-essential staff that were hired based on DEI and preferencing practices.  The Budget also expands the U.S. International Development Finance Corporation (DFC) to support U.S. national security and American interests—generating returns to the taxpayer and reducing reliance on foreign aid.  This includes $3 billion for a new revolving fund to allow DFC to recycle any realized returns from its initial investments.
    Rebuild our Nation’s Military.  The Budget request for the Department of Defense builds on the President’s promise to achieve peace through strength by providing the resources to rebuild our military, re-establish deterrence, and revive the warrior ethos of our Armed Forces.  In combination with $119 billion in mandatory funding, the Budget increases Defense spending by 13 percent, and prioritizes investments to strengthen the safety, security, and sovereignty of the homeland, deter Chinese aggression in the Indo-Pacific, and revitalize our defense industrial base. 
    Achieve American Energy Dominance.  The Budget supports the President’s commitment to unleash America’s affordable and reliable energy and natural resources.  The Budget cancels over $15 billion in Infrastructure Investment and Jobs Act (IIJA) Green New Scam funds provided to the Department of Energy for unreliable renewable energy, removing carbon dioxide from the air, and other costly technologies that burden ratepayers and consumers.  The Budget reorients Department of Energy funding toward research and development of technologies that could produce an abundance of domestic fossil energy and critical minerals, innovative concepts for nuclear reactors and advanced nuclear fuels, and technologies that promote firm baseload power.  The Budget also cancels an additional $5.7 billion in IIJA funding provided to the Department of Transportation for failed electric vehicle charger grant programs.
    Make America Healthy Again (MAHA).  The Budget request builds on the President’s MAHA Commission.  The Budget provides resources to the Department of Health and Human Services that would allow the Secretary to tackle issues related to nutrition, physical activity, healthy lifestyles, over-reliance on medication and treatments, the effects of new technological habits, environmental impacts, and food and drug quality and safety.  The Budget also supports the creation of MAHA food boxes, that would be filled with commodities sourced from domestic farmers and given directly to American households.  The Budget includes resources to ensure food safety nationwide, including support for increased production and demand for services.
    Support Our Veterans.  The Budget provides increased funding for healthcare services tailored to U.S. veterans’ needs, both at Department of Veterans Affairs (VA) medical centers and in the community.  Combined with $50 billion in mandatory funding from the Toxic Exposures Fund, the Budget ensures that the Nation’s veterans are provided with the world-class healthcare that they deserve.  In addition, veterans who qualify for access to care with local community providers would be empowered to make the choice to see them, rather than having to drive in some cases hours to access the nearest VA facility.  The Budget includes $1.1 billion in new VA funding to make a down payment on President Trump’s commitment to eradicate veterans’ homelessness, the largest funding increase in the last decade.
    Preserve Social Security.  The Budget supports the President’s promise to not touch Social Security benefits.  It also includes sufficient resources for the Social Security Administration (SSA) to improve customer service by expanding and improving online services, and reducing customer wait times in field offices and on the phone.  The Budget also includes investments in program integrity, to reduce fraud and abuse in Social Security programs, and in investments in artificial intelligence to increase employee productivity and automate routine workloads.  These efforts would help ensure that SSA delivers timely and accurate Social Security services to the public.
    Streamline K-12 Education Funding and Promote Parental Choice.  The Budget continues the process of shutting down the Department of Education.  The Budget maintains full funding for Title I, that provides Federal financial assistance to school districts for children from low-income families, and special education funding under the Individuals with Disabilities Education Act (IDEA).  To limit the Federal role in education, and provide States with more flexibility, the Budget creates a new K-12 Simplified Funding Program that consolidates 18 competitive and formula grant programs into a new formula grant, and a Special Education Simplified Funding Program that consolidates seven IDEA programs into a single grant.  The Budget also invests $500 million, a $60 million increase, to expand the number of high-quality charter schools, that have a proven track record of improving students’ academic achievement and giving parents more choice in the education of their children.
    Make America Skilled Again (MASA).  The Budget proposes to give States and localities the flexibility to spend Federal workforce dollars to best support their workers and economies, instead of funneling taxpayer dollars to progressive non-profits finding work for illegal immigrants or focusing on DEI.  Under this proposal, States would now have more control and flexibility to coordinate with employers and would have to spend at least 10 percent of their MASA grant on apprenticeship, a proven model that trains workers while they earn a paycheck and offers a valuable alternative to college. 
    Support Space Flight.  The Budget refocuses the National Aeronautics and Space Administration (NASA) funding on beating China back to the Moon and on putting the first human on Mars.  By allocating over $7 billion for lunar exploration and introducing $1 billion in new investments for Mars-focused programs, it ensures that America’s human space exploration efforts remain unparalleled, innovative, and efficient.  To achieve these objectives, the Budget would streamline the NASA workforce, IT services, NASA Center operations, facility maintenance, and construction and environmental compliance activities.  The Budget also eliminates “green aviation” and other climate scam programs as well as failing space propulsion projects.
    Maintain Support for Tribal Nations.  The Budget preserves Federal funding for the Indian Health Service and supports core programs at the Bureau of Indian Affairs and Bureau of Indian Education, sustaining the Federal Government’s support for core programs that benefit tribal communities.  The Budget also weeds out radical woke grants and programs and streamlines other programs for tribal communities that were ineffective.
    Address Drug Abuse.  The Administration is committed to combatting the scourge of deadly drugs that have ravaged American communities.  The Budget prioritizes Drug Enforcement Administration (DEA) resources on traffickers of fentanyl and other dangerous drugs that are driving America’s overdose crisis.  This includes redirecting DEA’s foreign spending to regions with criminal organizations that traffic significant quantities of deadly drugs into the United States—Mexico, Central America, South America, and China. 
    Support Artificial Intelligence and Quantum Research.  The Budget amply funds research in artificial intelligence and quantum information science at key agencies to ensure the United States remains on the cutting edge of these critical technologies’ development and responsible use.
    Improve Wildland Firefighting.  Federal wildfire responsibilities currently are split across five agencies in two departments.  The Budget would consolidate firefighting responsibilities into a new Federal Wildland Fire Service at the Department of the Interior that would coordinate with non-Federal partners to combat the wildfire crisis.

    MIL OSI USA News –

  • MIL-OSI USA: Secretary Chavez-DeRemer statement on April jobs report

    Source: US Department of Labor

    WASHINGTON – U.S. Secretary of Labor Lori Chavez-DeRemer issued the following statement regarding the April 2025 Employment Situation Report:

    “We’re just over 100 days in, and President Trump has already kept his promise to revitalize our economy by creating nearly half a million new jobs – once again beating expectations this month by 40,000. The private sector is booming, with expansion continuing in critical sectors previously abandoned by decades of failed policies that sold out American workers. The April jobs report showed strong growth in construction, with 11,000 jobs created, and transportation and warehousing, with 29,000 jobs added. At the same time, every dollar is going a little further – burdensome regulations that drive up the cost of living are being eliminated, and wages continue to grow.

    “With a businessman and master negotiator in the White House, we are finally bringing jobs back to our country. President Trump has secured nearly $8 trillion in new investment pledges, and every single dollar will further advance our economic resurgence – putting American workers first by boosting the production of goods right here in the United States. These decisive actions are building an economy that will be more reliable, resilient, and efficient to ensure our workforce can grow and prosper.”

    MIL OSI USA News –

  • MIL-OSI USA: Senator Collins Releases Statement Celebrating Full Restoration of Sea Grant Funding

    US Senate News:

    Source: United States Senator for Maine Susan Collins
    Washington, D.C. – U.S. Senator Susan Collins today released the following statement after the University of Maine announced it has received full funding for Maine Sea Grant.
    After a February announcement from the Department of Commerce that the program was being defunded, Senator Collins contacted Commerce Secretary Howard Lutnick and the Trump administration to explain all that is at stake for Maine’s coastal communities with the loss of Sea Grant funding. At the urging of Senator Collins, Secretary Lutnick directed NOAA to renegotiate the terms and conditions of the work to be performed by Maine Sea Grant to ensure that it focuses on advancing Maine’s coastal economies, working waterfronts, and sustainable fisheries, and, this week, they received their funding.
    “I am thrilled that Maine Sea Grant has received its full funding so that the important work they do to conduct research, support a robust pipeline of skilled labor, and enrich our coastal economies can continue unimpeded,” said Senator Collins. “Maine Sea Grant provides valuable services for fishermen, lobstermen, hospitality workers, and so many others that rely on our coastal economy.”
    “The groundswell of support for Maine Sea Grant and the stories that have surfaced about its incredible impact on our state’s working waterfronts have been extraordinary and effective. We are deeply appreciative of Senator Collins’ leadership and relentless advocacy on behalf of Maine Sea Grant and the hard-working Mainers it has long served,” said UMaine President Joan Ferrini-Mundy. “We look forward to continuing our long-standing partnership with the U.S. Department of Commerce and our state’s coastal communities to promote resilient local jobs and opportunities and a globally competitive marine economy through research-informed innovation.” 
    Maine Sea Grant is a direct investment in Maine’s coastal communities, driving economic growth, creating jobs, and supporting fisheries and the seafood industry, including local businesses like Ready Seafood:
    “Maine Sea Grant has been supporting Ready Seafood since we started as a small lobster company on Hobson’s Pier in Portland in 2004, and helped propel our business to become the largest lobster processing company in the world,” said Curt Brown, lobsterman and marine biologist for Ready Seafood. “Senator Collins’ tireless leadership has once again delivered a huge victory for Maine’s coastal communities. From Kittery to Cutler, Maine’s coastal economy is stronger today, thanks to her efforts!” 
    Consistent with the original four-year agreement, the award made by the Commerce Department this week is for $1,499,374, which will be matched by $809,905 from non-federal sources, including industry and State research and development funding, over the next year. The Department will provide an additional $3,023,749 to Maine Sea Grant through Jan. 31, 2028, to be matched by $1,646,169. 
    Facts about Maine Sea Grant:
    Maine Sea Grant contributed to $23.5 million in documented economic benefits in 2023 alone. For every $1 of funding, there’s a $15 return.
    Sea Grant has more than 700 established partnerships with businesses, researchers, community organizations, and local and county governments.
    In 2023, Sea Grant created or supported 332 businesses and 565 jobs.
    Sea Grant supports American seafood competitiveness by enhancing the sustainability and profitability of Maine’s $600 million lobster industry and growing aquaculture sector, helping maintain American leadership in global seafood markets.

    MIL OSI USA News –

  • MIL-OSI USA: Padilla, Durbin, Klobuchar, Colleagues to Trump Admin: No Refunds for January 6 Insurrectionists

    US Senate News:

    Source: United States Senator Alex Padilla (D-Calif.)

    Padilla, Durbin, Klobuchar, Colleagues to Trump Admin: No Refunds for January 6 Insurrectionists

    Senators to Attorney General Bondi: “To take the position that January 6 insurrectionists should now receive refunds is unacceptable”
    “The Department should direct Interim U.S. Attorney Martin to change course”
    WASHINGTON, D.C. — Today, U.S. Senators Alex Padilla (D-Calif.), Ranking Member of the Senate Committee on Rules and Administration, Democratic Whip Dick Durbin (D-Ill.), Ranking Member of the Senate Judiciary Committee, and Amy Klobuchar (D-Minn.) led six of their Senate colleagues in strongly objecting to the U.S. Department of Justice’s (DOJ) misguided position that the federal government should refund restitution payments made by convicted January 6 insurrectionists for damage they caused to the Capitol building. In their letter to Attorney General Pam Bondi, the Senators urged her to direct Interim U.S. Attorney for the District of Columbia Ed Martin to reverse course.
    “We write to strongly object to the Department of Justice’s argument in an April 8 court filing that the federal government should refund restitution payments made by some of the convicted January 6 insurrectionists. The arguments advanced by the government in the U.S. District Court for the District of Columbia under Interim U.S. Attorney Edward Martin’s leadership are both insulting to the American people and inconsistent with separation of powers principles,” wrote the Senators.
    The violent mob that stormed the Capitol on January 6, 2021 attempting to prevent the certification of the 2020 election results caused roughly $3 million in damages to the Capitol building, injured more than 100 law enforcement officers, and threatened members and their staff. Damage to the building included widespread vandalism, ruined furniture, shattered glass, broken doors, defaced artwork, and the desecration of the halls of Congress. Convicted January 6 insurrectionists paid about $400,000 in court-ordered restitution to cover the damages they caused, which has since been transferred to the Treasury Department, from where they can only be withdrawn by Congress.
    The DOJ argued in an April 8, 2025 court filing that the federal government should refund a convicted January 6 insurrectionist who paid $570 in restitution for his role in the insurrection after his case was vacated on appeal because of President Trump’s sweeping pardon of convicted January 6 insurrectionists. The Senators expressed serious policy and legal concerns with this position, including that it would violate the fundamental U.S. principle of separation of powers and that it would fully shift the cost of January 6-related repairs from the convicted insurrectionists to taxpayers.
    “The Department should direct Interim U.S. Attorney Martin to change course and forgo any attempt to use the pardon power as a basis to usurp the United States’ right to the January 6 restitution payments and impair Congress’ ability to use these funds to offset the cost to taxpayers of repairs from the January 6 insurrection,” continued the Senators.
    “We condemn the Justice Department’s position that the federal government should financially reward January 6 insurrectionists who ransacked the Capitol, attacked law enforcement officers, and threatened the lives of those who serve here,” concluded the Senators. “The roughly $400,000 received in restitution is little justice for the $3 million’s worth of damage done to the Capitol, the injuries sustained by Capitol Police and D.C. Metropolitan Police Department officers serving on that day, and the terror inflicted on those trapped inside during the attack. To take the position that January 6 insurrectionists should now receive refunds is unacceptable.”
    In addition to Padilla, Durbin, and Klobuchar, the letter was also signed by Senators Richard Blumenthal (D-Conn.), Mazie Hirono (D-Hawaii), Jeff Merkley (D-Ore.), Adam Schiff (D-Calif.), Peter Welch (D-Vt.), and Sheldon Whitehouse (D-R.I.).
    Senator Padilla has repeatedly condemned the deadly January 6 Capitol insurrection and helped pass legislation to prevent similar attacks from threatening our democracy. He previously cosponsored and applauded the passage of the bipartisan Electoral Count Reform and Presidential Transition Improvement Act, which modernized the outdated Electoral Count Act of 1887 to ensure the electoral votes tallied by Congress accurately reflect each state’s vote for president.
    Full text of the letter is available here and below:
    Dear Attorney General Bondi:
    We write to strongly object to the Department of Justice’s argument in an April 8 court filing that the federal government should refund restitution payments made by some of the convicted January 6 insurrectionists. The arguments advanced by the government in the U.S. District Court for the District of Columbia under Interim U.S. Attorney Edward Martin’s leadership are both insulting to the American people and inconsistent with separation of powers principles.
    On January 6, 2021, a violent mob stormed the U.S. Capitol, attacking and injuring more than 100 law enforcement officers, causing nearly $3 million in damages, and threatening the lives of those who serve here. After violently overpowering law enforcement to illegally enter the Capitol, insurrectionists desecrated the halls of Congress by graffitiing the building, smashing windows and doors, damaging artwork, and destroying furniture, in an attempt to disrupt Congress from certifying the results of the 2020 election.
    While we can never undo the harm these insurrectionists caused to our nation and our Capitol, many of those convicted for their crimes were ordered to pay restitution to cover some of the physical damage they inflicted. Hundreds of individuals were convicted for their roles in the January 6 attack and paid about $400,000 in court-ordered restitution. The Justice Department’s assertion that the government should now offer refunds to insurrectionists and instead have the American taxpayer pay the full cost for the damage these offenders caused is offensive and flies in the face of legal precedent limiting the pardon power.
    As the Justice Department acknowledged in its April 8 court filing, a pardon does not affect the vested rights of others, and the United States’ right to restitution vests when the restitution has been sent to the Treasury Department. Once these funds are in the Treasury, only Congress has the power to withdraw the funds; the President cannot use his pardon power to do so. The Department should direct Interim U.S. Attorney Martin to change course and forgo any attempt to use the pardon power as a basis to usurp the United States’ right to the January 6 restitution payments and impair Congress’ ability to use these funds to offset the cost to taxpayers of repairs from the January 6 insurrection.
    We condemn the Justice Department’s position that the federal government should financially reward January 6 insurrectionists who ransacked the Capitol, attacked law enforcement officers, and threatened the lives of those who serve here. The roughly $400,000 received in restitution is little justice for the $3 million’s worth of damage done to the Capitol, the injuries sustained by Capitol Police and D.C. Metropolitan Police Department officers serving on that day, and the terror inflicted on those trapped inside during the attack. To take the position that January 6 insurrectionists should now receive refunds is unacceptable.

    MIL OSI USA News –

  • MIL-OSI USA: Padilla, Schiff, Torres Slam DHS Immigration Enforcement in Pomona Harming Economy, CA Communities

    US Senate News:

    Source: United States Senator Alex Padilla (D-Calif.)

    Padilla, Schiff, Torres Slam DHS Immigration Enforcement in Pomona Harming Economy, CA Communities

    Lawmakers urge DHS to “focus enforcement against those who pose a legitimate risk to public safety and to work with Congress on a pathway to citizenship for the immigrants who are essential to our economic success.”
    WASHINGTON, D.C. — U.S. Senator Alex Padilla (D-Calif.), Ranking Member of the Senate Judiciary Immigration Subcommittee, Senator Adam Schiff (D-Calif.), and Representative Norma Torres (D-Calif.-35) condemned the Department of Homeland Security’s (DHS) indiscriminate immigration enforcement raids in Pomona, California as part of President Trump’s cruel mass deportation agenda that are terrorizing California communities and harming the economy. The lawmakers demanded answers on recent egregious DHS enforcement actions — without notice or coordination — including the arrest of at least 10 day laborers outside of a Home Depot, the detainment of a small business owner at gunpoint outside of his barbershop, and an enforcement raid at a Pomona auto body shop conducted with the Riverside County Sherriff’s department.
    Padilla, Schiff, and Torres underscored the deep distrust and economic chaos these enforcement raids foster, hurting entire communities and national supply chains and keeping consumers at home out of fear.
    “We write with deep concern regarding recent immigration enforcement actions conducted in Pomona, California, that have caused widespread fear, disrupted local businesses, and harmed community trust in law enforcement,” wrote the lawmakers.
    “Enforcement actions that indiscriminately disrupt immigrant communities – particularly without transparency or local coordination – threaten not only individual rights but also the economic stability and public safety of entire cities like Pomona,” continued the lawmakers. “Pomona’s small businesses are already feeling the impact. Customers are afraid to shop. Workers are afraid to show up for work.”
    The lawmakers highlighted that California’s economy — now the fourth largest in the world — relies on the contributions of immigrant labor, as immigrants and their children make up the majority (55 percent) of California’s workforce, with immigrants alone comprising 34 percent of the state’s population. Last year, undocumented immigrants contributed $87 billion in household income, $66 billion in spending power, $50 billion to Social Security, and $14 billion to Medicare. They emphasized that immigrant workers make up a significant portion of California’s leading agriculture, health care, and construction sectors. Immigrant construction workers comprise over 40 percent of California’s construction workforce, and are already doing essential work to help Los Angeles County rebuild from the devastating wildfires earlier this year.
    The lawmakers stressed that rather than indiscriminately targeting long-term residents with no criminal records, DHS should work with Congress to help provide these immigrants with a pathway to citizenship. Senator Padilla previously introduced the Citizenship for Essential Workers Act, which would create a pathway to citizenship for immigrant essential workers, including Dreamers, as his first bill in Congress.
    “While no one disagrees with targeting violent criminals for deportation, the enforcement actions in Pomona demonstrate that the Department is indiscriminately targeting all noncitizens for removal — including those who have no criminal records and who have been living in and contributing to our communities for decades,” added the lawmakers. “These actions do not make us safer and are contrary to the ideals that we all stand for. We urge you to instead focus enforcement against those who pose a legitimate risk to public safety and to work with Congress on a pathway to citizenship for the immigrants who are essential to our economic success.”
    The lawmakers concluded their letter by demanding information on the raids, including why local officials were not notified and what steps DHS is taking to rebuild trust with immigrant communities.
    “We urge your Department to review these operations carefully and to recommit to an immigration enforcement strategy that prioritizes public safety, upholds civil rights, and reflects the economic realities and moral values of our nation,” concluded the lawmakers.
    Senator Padilla blasted the Pomona immigration raids last week, emphasizing that indiscriminate immigrant enforcement hurts our communities and economy.
    Full text of the letter is available here and below:
    Dear Secretary Noem,
    We write with deep concern regarding recent immigration enforcement actions conducted in Pomona, California, that have caused widespread fear, disrupted local businesses, and harmed community trust in law enforcement.
    According to press reports, the City of Pomona in our home state of California has been at the epicenter of recent immigration enforcement activity, much of which has been conducted without giving notice to local officials:
    On Tuesday, April 22, Martin Majin-Leon, a long-time resident and small business owner, was detained at gunpoint in front of his barbershop, terrorizing his family and community. He was released after 30 hours, but the trauma persists. Pomona Mayor Tim Sandoval expressed frustration, commenting to federal officials that they were “terrorizing our community.” Reports suggest DMV records may have played a role in his targeting, raising concerns about data-sharing between state agencies and federal immigration authorities.
    Meanwhile, that same day, federal immigration enforcement agents detained as many as 20 day laborers outside a Home Depot in Pomona, where witnesses saw agents arrive in marked and unmarked vehicles around 8 a.m. The Pomona Police Department had no prior knowledge of the operation, and conflicting reports have persisted regarding whether U.S. Customs and Border Protection (CBP), U.S. Immigration and Customs Enforcement (ICE), or other federal law enforcement entities were responsible for the detentions.
    Later that week, on Friday, April 25, another major enforcement action occurred at Moon Auto Collision in Pomona, executed jointly by Riverside County Sheriff’s deputies and Homeland Security Special Response Teams under the auspices of a narcotics warrant. Pomona city officials, including Mayor Tim Sandoval, were given no prior notice. Mayor Sandoval, upon visiting the scene, underscored the devastating impact these operations have had on community trust and the economic health of local businesses.
    Enforcement actions that indiscriminately disrupt immigrant communities – particularly without transparency or local coordination – threaten not only individual rights but also the economic stability and public safety of entire cities like Pomona. Pomona’s small businesses are already feeling the impact. Customers are afraid to shop. Workers are afraid to show up for work. One local business owner told reporters, “Customers are scared. They are not coming to buy anything. They are not coming to get repairs done.”
    While no one disagrees with targeting violent criminals for deportation, the enforcement actions in Pomona demonstrate that the Department is indiscriminately targeting all noncitizens for removal — including those who have no criminal records and who have been living in and contributing to our communities for decades. These actions do not make us safer and are contrary to the ideals that we all stand for. We urge you to instead focus enforcement against those who pose a legitimate risk to public safety and to work with Congress on a pathway to citizenship for the immigrants who are essential to our economic success.
    California’s economy – now the fourth largest in the world – demonstrates the strength and contributions of immigrant labor. Immigrants and their children comprise 55 percent of California’s workforce. Immigrants alone account for 34 percent of the state’s population and paid $168 billion in taxes last year, while generating over $400 billion in spending power. Undocumented immigrants contributed $87 billion in household income and $66 billion in spending power, alongside $50 billion to Social Security and $14 billion to Medicare.
    Additionally, in the wake of the destructive wildfires that devastated Los Angeles County earlier this year, immigrant construction workers—who make up more than 40 percent of the workforce in California—are essential to the community’s ability to rebuild and recover. Put simply, in critical sectors such as agriculture, construction, and health care, immigrant workers are indispensable to our community.
    Accordingly, we respectfully request answers to the following:
    1. Why weren’t local officials in Pomona notified about recent enforcement actions?
    2. Which federal law enforcement entities were involved in or aware of these enforcement actions?
    3. Has DHS responded to local law enforcement’s request for answers?
    4. What protocols exist to coordinate with local law enforcement and elected officials before conducting large-scale enforcement actions?
    5. How does DHS plan to comply with the April 29, 2025 court order from the Eastern District of California barring Border Patrol agents from detaining or arresting individuals without reasonable suspicion of illegal presence, as required by the Fourth Amendment?
    6. Was California Department of Motor Vehicles data accessed in the case of Martin Majin-Leon?
    7. What safeguards exist to prevent improper use of state data for immigration enforcement purposes?
    8. What steps is DHS taking to rebuild trust with immigrant communities that have been traumatized by these events?
    We urge your Department to review these operations carefully and to recommit to an immigration enforcement strategy that prioritizes public safety, upholds civil rights, and reflects the economic realities and moral values of our nation.
    Thank you for your prompt attention to this urgent matter.
    Sincerely,

    MIL OSI USA News –

  • MIL-OSI USA: Durbin Discusses Impact Of Trump’s Tariffs On Chicago Small Businesses Owners

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin
    May 02, 2025
    CHICAGO— U.S. Senate Democratic Whip Dick Durbin (D-IL) today joined small business owners in Lincoln Park to discuss the impacts of President Trump’s tariffs.
    “The Trump Tariffs are already driving up costs for manufacturers, disrupting our supply chains, and inspiring retaliatory tariffs, which will hurt small businesses like Lori’s Shoes, Art Effect, and Lost Soul Found, as well as their customers,” said Durbin. “President Trump has doubled down on these tariffs with nothing to show for it. Our small businesses here in Chicago are terrified to fail or be forced to lay off employees as they face the brunt of this trade war.”
    “The premise that the tariffs are making America rich, and the origin pays for the import tariff, is unequivocally false. A tariff is a tax on American businesses and American consumers. To set the record straight – the importer of record, in this case Lori’s Shoes, is 100% financially responsible for these tariffs on our imports,” said Matt Andre, Footwear Buyer, Lori’s Shoes.
    “The uncertainty of the future of small business in the United States and the livelihood of manufacturers is hanging on these tariffs. As a small business owner, we rely on these imports. I worry that come Christmastime, we’ll have empty shelves and empty storefronts in our community,” said Esther Fishman, Owner, Art Effect.
    “As a city retailer, I know how much we all love strolling down a vibrant street, popping into unique shops, and discovering something unexpected—it’s part of what makes urban life feel alive. But that experience is under real threat. Tariffs, rising costs, and economic uncertainty are making it harder for small businesses to survive, and if we’re not careful, the rich variety we cherish could be replaced by empty storefronts and sameness,” said Suzanne D’Addario Brouder, Owner, Lost Soul Found.
    In the wake of Trump’s tariff standoff, manufacturers have laid off thousands of workers, and foreign countries have retaliated by slapping their own tariffs on U.S. agricultural and manufactured goods. Current tariffs could result in up to 15,000 job cuts in the Chicago area and a $3 billion drop in its gross domestic product. 
    Durbin spoke on the Senate floor about the impact President Trump’s tariffs will have on small businesses, manufacturers, consumers, and workers in Illinois, which received $127 billion of imports from China, Canada, and Mexico in 2023. Durbin also joined fellow U.S. Senate Committee on Agriculture member U.S. Senator Amy Klobuchar (D-MN) and 17 of their colleagues in a letter to ask U.S. Trade Representative Ambassador Jamieson Greer for information on how the Trump Administration’s tariffs will impact farmers across the nation.
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    MIL OSI USA News –

  • MIL-OSI USA: Casten Blasts Trump’s Stoppage of the National Climate Assessment

    Source: United States House of Representatives – Representative Sean Casten (IL-06)

    May 02, 2025

    Washington, D.C. — U.S. Congressman Sean Casten (IL-06) released the following statement regarding reports that the Trump Administration has effectively halted the National Climate Assessment (NCA), a congressionally mandated report on the impacts of climate change on the United States:

    “The president can attempt to change the laws of the United States, but he cannot change the laws of physics. Climate change is real. It is impacting our health, economy, and national security. It is fueling extreme wildfires, droughts, hurricanes, and flooding, bringing home insurance markets around the country to the brink of collapse. Pretending otherwise isn’t just foolish, it’s dangerous and puts American lives at risk.

    “To effectively stop the work of the National Climate Assessment is to strip federal, state, and local governments of the insights necessary to implement targeted solutions that mitigate the climate crisis. The NCA provides an essential, comprehensive look at how climate change affects American communities, economies, and ecosystems. Gutting the NCA also harms US national security, limiting information available to the Department of Defense as to how climate change impacts military readiness, infrastructure, supply chain, and global stability. 

    “Cutting the nation’s premier tool for understanding the current and future impacts of a changing climate is like smashing the radar on a ship navigating into a growing storm—reckless, disorienting, and leaving everyone on board to navigate blind. This is among the most damaging actions the Trump Administration has taken against climate science to date.”

    The NCA is a congressionally mandated report under the Global Change Research Act, issued every four years. It’s coordinated by NASA and draws on contributions from 14 federal agencies and hundreds of academic, economic, and scientific experts. It provides:

    • High-resolution, county-level climate projections
    • Physical climate risk data essential to real estate, financial, and infrastructure planning
    • Sector-specific and economic impact assessments across a wide range of modeled futures

    Unlike the IPCC reports, which consider the global impacts of climate change, the NCA offers the most granular and policy-relevant science specific to the U.S.. Without it, policymakers lose a foundational tool for climate adaptation, planning, and economic risk assessment.

    On April 9th, 2025, the administration defunded the NCA and gutted the NASA team supporting it. This week, reports indicate the Trump Administration has dismissed all remaining non-governmental volunteers, putting the 2028 report in jeopardy.

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    MIL OSI USA News –