Category: Economy

  • MIL-OSI: Franklin Electric Declares Quarterly Dividend of $0.265 Per Share

    Source: GlobeNewswire (MIL-OSI)

    FORT WAYNE, Ind., April 28, 2025 (GLOBE NEWSWIRE) — Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.265 per share payable May 22, 2025, to shareholders of record on May 8, 2025.

    About Franklin Electric
    Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and energy. Recognized as a technical leader in its products and services, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications. Franklin Electric is proud to be named in Newsweek’s lists of America’s Most Responsible Companies and Most Trustworthy Companies for 2024 and America’s Climate Leaders 2024 by USA Today.

    “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those relating to market conditions or the Company’s financial results, costs, expenses or expense reductions, profit margins, inventory levels, foreign currency translation rates, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including but not limited to, risks and uncertainties with respect to general economic and currency conditions, various conditions specific to the Company’s business and industry, weather conditions, new housing starts, market demand, competitive factors, changes in distribution channels, supply constraints, effect of price increases, raw material costs, technology factors, integration of acquisitions, litigation, government and regulatory actions, the Company’s accounting policies, future trends, epidemics and pandemics, and other risks which are detailed in the Company’s Securities and Exchange Commission filings, included in Item 1A of Part I of the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2024, Exhibit 99.1 attached thereto and in Item 1A of Part II of the Company’s Quarterly Reports on Form 10-Q. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements. 

    The MIL Network

  • MIL-OSI: Trust Wallet Launches ‘Stablecoin Earn’ to Boost Crypto Earning Opportunities*

    Source: GlobeNewswire (MIL-OSI)

    Users can earn seamlessly on stablecoins with flexible, secure onchain strategies — while maintaining full control over assets.

    DUBAI, United Arab Emirates, April 28, 2025 (GLOBE NEWSWIRE) — Trust Wallet, the world’s leading self-custody Web3 wallet trusted by over 200 million users, has launched Stablecoin Earn, a new feature that lets users deposit stablecoins and earn seamlessly with full flexibility. By integrating secure and automated onchain strategies, Trust Wallet makes earning passive rewards seamless, flexible, and fully non-custodial—all within the app.

    With no lock-up periods and support for stablecoins like USDC, USDT, DAI, and USDA across multiple blockchains—including Ethereum, BNB Chain, Base, and Arbitrum – Stablecoin Earn offers a simple way to put your stablecoins to work while maintaining full control over assets.

    “Last September, we observed that billions in USDT held by Trust Wallet users on-chain remained inactive for six months despite somewhat bullish market conditions. For our ‘holder-ish’ users, our goal is to help them put their assets to work, while also activating valuable liquidity to support on-chain projects,” said Eowyn Chen, CEO of Trust Wallet. “By integrating secure on-chain strategy platforms through a user-friendly interface, we aim to empower users to easily earn rewards while maintaining full control of their funds.”

    How Stablecoin Earn Works

    Stablecoin Earn offers a seamless way to earn on your stablecoins—directly from your wallet, with full control at every step. By tapping into established onchain protocols, the feature simplifies the earning experience without requiring users to manage complex DeFi setups. Just deposit and start earning rewards—all while keeping your assets self-custodied and accessible.

    With Stablecoin Earn, users can:

    • Earn passively on stablecoins—no active trading required
    • Deposit and withdraw anytime—no lock-ups
    • Access multiple DeFi protocols in one place
    • Earn across Ethereum, BNB Chain, Arbitrum, and Base
    • Receive bonus rewards (e.g., MORPHO tokens) in select vaults
    • Stay in full control 100% of the time—Trust Wallet is fully non-custodial
    • Enjoy transparent, onchain yield strategies—no intermediaries

    Everything happens onchain, transparently, and without intermediaries—giving users confidence in how their stablecoins are earning yield

    Seamless Onchain Yield, Powered by Trusted Infrastructure

    To deliver a simple and rewarding experience, Trust Wallet integrates Kiln to power Stablecoin Earn’s backend, providing access to leading DeFi infrastructure providers like Morpho for its users.

    Users have the opportunity to earn exclusive bonus rewards powered by Morpho, the go-to infrastructure for lending and borrowing onchain. These additional earning opportunities include MORPHO token incentives for participating in select vaults.

    ”We’re excited to see Morpho selected as the default earn option in Trust Wallet’s new Earn Hub at launch, helping make DeFi yields accessible to the masses. Morpho was designed to provide self-custody solutions like Trust Wallet with a simple yet highly secure way for their users to earn the best risk-adjusted returns.” said Paul Frambot CEO and Co-Founder of Morpho Labs.

    Kiln, a leading digital asset rewards management platform enabling businesses to earn rewards or to whitelabel earning functionality into their products, enables secure and automated access to multiple onchain yield strategies in Trust Wallet’s Stablecoin Earn feature – abstracting complexity so users can earn effortlessly.

    “We are pleased to bring access to stablecoin yield to Trust Wallet, a longtime partner of Kiln with a history that includes our earlier projects such as Kiln Onchain, Connect, and Validators. As DeFi becomes more widespread and stablecoin yield reached double digits during the bull market, many users have recognized that stablecoins offer notable advantages. With Trust Wallet’s feature now live, our goal is to provide a solid experience for its users and continue refining the product.” said Laszlo Szabo, Co-founder and CEO of Kiln.

    To get started with Stablecoin Earn, download Trust Wallet today.

    *Note: Until further notice this feature will not be available in the UK or U.S. This communication is intended solely for audiences outside the United Kingdom. If you are accessing this content from within the United Kingdom, please exit immediately.

    About Trust Wallet

    Trust Wallet is the secure, self-custody Web3 wallet and gateway for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet makes it easier, safer, and convenient for millions of people around the world to experience Web3, access dApps securely, store and manage their crypto and NFTs, as well as buy, sell, and stake crypto to earn rewards — all in one place and without limits.

    For media enquiries, contact:
    press@trustwallet.com

    About Kiln

    Kiln is the leading digital asset rewards management platform, enabling businesses to earn rewards on their digital assets, or to whitelabel earning functionality into their products. Our platform is API-first and enables fully automated validators, rewards, and data and commission management. With over $11 billion crypto assets being programmatically staked, Kiln has a particularly strong track record on Ethereum as we run about 5% of the network; this includes 50,000+ active validators with 0 slashing events.

    About Morpho

    Morpho is the second-largest lending protocol on Ethereum and largest on Base, by total deposits. Morpho is a permissionless platform that operates on two levels. First, it offers tailored solutions that allow users to earn yields and borrow on their own terms. Second, it provides flexible infrastructure that enables businesses to build custom applications, such as Coinbase’s crypto-backed loans product.

    Disclaimer: This is a paid post and is provided by Trustwallet. 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/ea5762ba-9270-4394-b921-0858a9556b1c

    The MIL Network

  • MIL-OSI: Smart Share Global Limited Files Its Annual Report on Form 20-F

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, April 28, 2025 (GLOBE NEWSWIRE) — Smart Share Global Limited (Nasdaq: EM) (“Energy Monster” or the “Company”), a consumer tech company providing mobile device charging service, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the United States Securities and Exchange Commission (the “SEC”) on April 28, 2025. The annual report can be accessed on the Company’s investor relations website at https://ir.enmonster.com/ and on the SEC’s website at www.sec.gov.

    The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations, 6th Floor, 799 Tianshan W Road, Changning District, Shanghai, 200335, the People’s Republic of China.

    About Smart Share Global Limited

    Smart Share Global Limited (Nasdaq: EM), or Energy Monster, is a consumer tech company with the mission to energize everyday life. The Company is a leading provider of mobile device charging service in China with an extensive network of partners powered by its own advanced service platform. The Company provides mobile device charging service through its power banks, which are placed in POIs such as entertainment venues, restaurants, shopping centers, hotels, transportation hubs and public spaces. Users may access the service by scanning the QR codes on Energy Monster’s cabinets to release the power banks. As of December 31, 2024, the Company had 9.6 million power banks in 1,279,900 POIs across more than 2,200 counties and county-level districts in China.

    Contact Us

    Investor Relations
    Hansen Shi
    ir@enmonster.com

    The MIL Network

  • MIL-OSI Economics: CPMI-IOSCO assesses that the EU has implemented the Principles for financial market infrastructures for two FMI types, but recommends some improvements

    Source: Bank for International Settlements

    • The EU’s framework for systemically important payment systems and central securities depositories/securities settlement systems is complete and consistent with the CPMI-IOSCO Principles for financial market infrastructures (PFMI) in most aspects.
    • The CPMI-IOSCO assessment identified some areas for improvement where implementation was broadly or partly consistent or not consistent with the PFMI.
    • The assessment reflects status of implementation as of October 2019. A separate assessment is to be conducted for the United Kingdom.

    The EU’s implementation of the framework for systemically important payment systems (PSs) and central securities depositories (CSDs)/ securities settlement systems (SSSs) is consistent with the Principles for financial market infrastructures (PFMI) issued by the Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO).

    Implementation monitoring of PFMI: Level 2 assessment report for the EU – PSs and CSDs/SSSs – a CPMI-IOSCO report released today – assesses the completeness and consistency of the legal, regulatory and oversight framework in place as of 30 October 2019 for these types of financial market infrastructure.

    Developments in the legal and regulatory framework following the Level 2 assessment date are not in the scope of this report.

    The report finds that the implementation of the PFMI is complete and consistent for all Principles for PSs. The legal, regulatory and oversight frameworks in the EU for CSDs/SSSs are complete and consistent with the Principles in most aspects.

    However, the assessment identified some areas for improvement, particularly in aspects where implementation was broadly, partly, or not consistent, including risk and governance principles.

    Given that there are separate regulatory frameworks for PSs in the euro area and in Sweden, and that these are also separate from the EU-wide regime for CSDs/SSSs, the assessment team has assessed each of these separately.

    The United Kingdom was part of the EU before the cut-off date for this review. However, CPMI-IOSCO decided to conduct a separate Level 2 assessment for the UK and therefore the UK’s framework was not evaluated in this report.

    The assessment report for EU central counterparties and trade repositories was published in February 2015.

    MIL OSI Economics

  • MIL-OSI United Kingdom: Cost of living boost for millions as prescription charges frozen

    Source: United Kingdom – Government Statements

    Press release

    Cost of living boost for millions as prescription charges frozen

    Millions of patients are getting a cost of living boost as the government freezes prescription charges for the first time in three years.

    • NHS prescription charges in England will be frozen for the first time in three years, keeping the cost of a prescription below a tenner.
    • The decision means £18 million saving to help with cost of living for millions who regularly pay for prescriptions as the government delivers security for working people through its Plan for Change.
    • Freeze comes weeks after this government agreed record investment for community pharmacies to fund local services for patients.  

    Millions of people across the country will see the cost of their prescriptions frozen for the first time in three years from today – as the government puts money back into the pockets of working people as it delivers on the Plan for Change.

    The move will save patients around £18 million next year – keeping prescriptions under the cost of a tenner, at £9.90 for a single charge. Those who are already exempt from paying their prescription will continue to be so.

    Three month and annual prescriptions prepayment certificates will also be frozen for 2025/26.  

    Annual charges can be made in instalments meaning those requiring regular medicines will be able to get them for just over £2 a week.  

    The prescription charge freeze builds on wider government action to tackle the cost of living crisis, including the rollout of free breakfast clubs, expanded childcare through 300 new school-based nurseries, lowering the cost of school uniforms, and extending the fuel duty freeze – all aimed at easing financial pressures on families across the country. 

    Secretary of State for Health and Social Care, Wes Streeting, said: 

    This government’s Plan for Change will always put working people first, and our moves today to freeze prescription charges will put money back into the pockets of millions of patients.

    Fixing our NHS will be a long road – but by working closer with our pharmacies we’re saving money and shifting care to the community where it’s closer to your home.

    We made the difficult but necessary choices at the Budget to fund moves like this and change our NHS so it can once again be there for you when you need it.

    The announcement follows news last month of the government agreeing funding with Community Pharmacy England worth an extra £617 million over 2 years. 

    And the investment comes alongside reforms to deliver a raft of patient benefits, as part of the government’s agenda to shift the focus of care from hospitals into the community, so that people can more easily access care and support on their high streets.  

    This freeze is only possible thanks to the government’s difficult but necessary choices at the Budget to bring in a £26 billion boost to the health service.

    Chancellor of the Exchequer, Rachel Reeves, said:

    We promised to build an NHS fit for the future, and that started with the £26 billion funding boost I delivered at the Budget, to repair and improve the many vital services it provides.  

    Since then, waiting lists are falling, staff are better paid and supported, and today, £18 million has been kept in patient’s pockets by freezing prescription charges – easing the cost of living through our Plan for Change, delivering for all.

    Jonathan Blades, Head of Policy at Asthma + Lung UK, said:

    The freezing of prescription charges is a welcome first step and will provide some short-term relief for people with lung conditions during the ongoing cost of living crisis. Living with a long-term lung condition like asthma and chronic obstructive pulmonary disease (COPD) is expensive and rising prescription costs only make it harder for people to manage their condition and stay well.

     Around 89% of prescriptions in England are already dispensed free of charge to children, over-60s, pregnant women, and those with certain medical conditions. This freeze will not impact that scheme.  

    In addition to the freeze on charges, the NHS low income scheme offers help with prescription payments, with free prescriptions for eligible people in certain groups such as pensioners, students, and those who receive state benefits or live in care homes. 

    Alongside action to rebuild the NHS, the government’s Plan for Change is focused on growing the economy to improve living standards across the country. This further freeze will only improve that. 

    Notes to editors: 

    • NHS prescription charges apply in England only 
    • A 3-month prescription prepayment certificate (PPCs) will be frozen at £32.05 and a 12 month PPCs will remain at £114.50. 
    • Groups exempt from prescription charges include: 

    o   Children under 16 and those in full-time education aged 16-18 

    o   People aged 60 and over 

    o   Pregnant women and those who have had a baby in the last 12 months 

    o   People with specified medical conditions like diabetes or cancer and have valid exemption certificates 

    o   Those receiving qualifying benefits including Universal Credit (with criteria) 

    o   NHS inpatients 

    • The freeze will also apply to NHS wigs and fabric supports; these prices will remain at current levels: 

    ·       Surgical brassiere                        £32.50 

    ·       Abdominal or spinal support    £49.05 

    ·       Stock modacrylic wig                 £80.15 

    ·       Partial human hair wig £212.35 

    ·       Full bespoke human hair wig    £310.55 

    • Patients on a low income, who do not qualify for an exemption, can apply for help with help costs through application to the NHS Low Income Scheme. People can check whether they are eligible for help here.

    Updates to this page

    Published 28 April 2025

    MIL OSI United Kingdom

  • MIL-OSI USA: ICE operation leads to indictment of 4 charged with conspiracy to commit visa and marriage fraud

    Source: US Immigration and Customs Enforcement

    BALTIMORE — An investigation conducted by U.S. Immigration and Customs Enforcement, Maryland; along with U.S. Citizenship and Immigration Services; Department of State Diplomatic Security Service and the U.S. Attorney’s Office ​for Maryland, led to federal charges for four individuals — Ella Zuran, 65, Tatiana Sigal, 74, and Alexandra Tkach, 41, of New York City, New York; along with Shawnta Hopper, 33, of Sicklerville, New Jersey — for facilitating visa and marriage fraud.

    ICE Homeland Security Investigations HSI Maryland and USCIS with assistance from the Department of State Diplomatic Security Service administratively arrested 10 individuals April 24. Individuals involved have had their immigration benefits revoked as part of this investigation.

    “Marriage fraud is not a victimless crime — it compromises the integrity of our immigration system, diverts critical resources, and erodes public trust in a process that countless individuals follow legally and in good faith,” said ICE HSI Maryland Special Agent in Charge Michael McCarthy. “These arrests mark a critical milestone in our broader effort to dismantle a criminal network that has sought to undermine our nations immigration laws. HSI remains committed to safeguarding the lawful immigration process and holding accountable those who seek to exploit it.”

    “The defendants’ greed led them to concoct an illegal-marriage scheme that compromises the integrity of our immigration system,” said U.S. Attorney Kelly Hayes. “This indictment sends a clear message: the U.S. Attorney’s Office, along with our law enforcement partners, will relentlessly pursue and hold accountable those who try to exploit our immigration system through fraud and deception.”

    In April 2022, HSI Maryland’s Document and Benefit Fraud/El Dorado Task Force with assistance from United States Citizenship and Immigration Services, Office of Fraud Detection and National Security began investigating individuals suspected of entering sham marriages with foreign nationals in order to obtain immigration benefits. As of result of interviews with FDNS officers, U.S. citizen petitioners admitted to their participation in the fraud scheme and to receiving financial compensation.

    “Some marriages are made in heaven. Some are just made up,” said USCIS Spokesperson Matthew Tragesser. “Our work with ICE in this investigation dismantled a major marriage fraud ring where U.S. citizens were paid to marry illegal aliens. These criminals are now behind bars, reaffirming President Trump and Secretary Noem’s commitment to restoring integrity in our immigration system. Fraudulent marriages should never lead to U.S. citizenship.”

    In March 2025, HSI Maryland successfully charged and arrested Zuran, Sigal and Tkach who orchestrated fraudulent marriage schemes to help foreign nationals obtain permanent residence in the United States. The individuals were paid thousands of dollars for facilitating introductions to U.S. citizens and coordinating sham weddings. In addition, they arranged for the preparation of false immigration forms, including fake health status attestations, in connection with applications for immigration benefits.

    In addition to these individuals, HSI Maryland arrested Shawnta Hopper. Hopper encouraged several U.S. citizens to participate in fraudulent marriages with foreign nationals for financial gain. She received compensation for recruiting women in Baltimore and other locations to enter into these sham marriages.

    If convicted, the defendants face up to five years in federal prison. Actual sentences for federal crimes are typically less than the maximum penalties. A federal district court judge determines sentencing after considering the U.S. Sentencing Guidelines and other statutory factors.

    An indictment is not a finding of guilt. Individuals charged by indictment are presumed innocent until proven guilty at a later criminal proceeding.

    “The Diplomatic Security Service is s key partner in the United States’ work to reduce illegal immigration and root out those who endeavor to exploit the U.S. travel system,” said Diplomatic Security Service Washington Field Office Special Agent in Charge David Richeson. “DSS proudly coordinates with our U.S. and international law enforcement partners to investigate transnational crimes and apprehend fugitives who commit fraud and violate U.S. law.”

    McCarthy, with HSI – Maryland, announced the indictment with Kelly O. Hayes, U.S. Attorney for the District of Maryland, and Field Office Director Elizabeth Grant, United States Citizenship and Immigration Services – Baltimore Field Office.

    HSI conducts federal criminal investigations into the illegal movement of people, goods, money, contraband, weapons and sensitive technology into, out of and through the United States. HSI’s investigations are wide ranging – our cases include drug and weapons smuggling, cyber and financial crime, illegal technology exports and intellectual property crime. HSI also plays a crucial role in investigating crimes of exploitation. This includes combating child exploitation, human trafficking, financial fraud and scams and other crimes against vulnerable populations.

    Members of the public with information about criminal activity in your community are encouraged to contact the Tip Line at 866-DHS-2-ICE.

    Learn more about HSI Baltimore’s mission to increase public safety in our Maryland communities on X at @HSIBaltimore.

    MIL OSI USA News

  • MIL-OSI USA: UConn to Offer Housing Option Near Hartford Campus Starting in Fall 2025

    Source: US State of Connecticut

    UConn Hartford will be able to offer student housing near its downtown campus starting this fall, a year ahead of its planned opening of a larger and permanent student housing development nearby.

    UConn’s Board of Trustees recently approved plans to lease studio and one-bedroom apartments in The Donaghue at 525 Main St., to accommodate up to 57 students in the 2025-2026 academic year. That newly renovated building is across the street from the Hartford Public Library and just a few minutes from the campus.

    The University will offer the apartments for student housing through Residential Life, acclimating students to the concept of living near the campus so they can easily transition next year to the permanent housing under development at 64 Pratt St.

    The housing complements the planned opening of a new café this fall in the Hartford Times campus headquarters building, where food will be available for purchase with UConn meal plans or à la carte by members of the University community and the public.

    Students who live in the apartments in The Donaghue building will be able to opt for a UConn meal plan that includes either five or 10 meals per week, plus $50 in dining points per semester.

    Nathan Fuerst, UConn’s vice president for student life and enrollment, said at a recent Board of Trustees meeting that offering the apartments near UConn Hartford has many benefits both for the students and for the campus itself.

    “The housing option will help students develop a strong sense of community and build momentum moving into the coming year as we prepare to open the housing on Pratt Street,” Fuerst said. “We’re very excited to be able to offer a housing opportunity even earlier than we anticipated, and we look forward to strong interest.”

    Providing the option also will help ease some space constraints at UConn Storrs, since UConn Hartford students who currently live in Storrs dorms will get first dibs on The Donaghue apartments closer to their home campus.

    “UConn Hartford’s new café and its student housing plans are examples of the University’s commitment to partnering with the City of Hartford and adding to its economic, social, and cultural vibrancy,” said Mark Overmyer-Velázquez, UConn Hartford’s dean and chief administrative officer.

    UConn plans to offer about 200 beds of student housing starting in August 2026 in a building called The Annex at the corner of Pratt and Trumbull streets in downtown Hartford, not far from the campus.

    UConn has been working for the past several years to deepen its ties with the capital city, where the University also recently opened an academic and research facility in a building that fronts the XL Center on Trumbull Street.

    UConn opened the Hartford campus downtown in 2017, and has worked since then to position it as a centerpiece of a thriving capital city by bringing people downtown to learn, live, and support the regional economy.

    Interest in student housing has grown along with the campus population. UConn Hartford’s undergraduate enrollment has increased steadily since fall 2017, and an increasing number of students are choosing to start their UConn careers there.

    MIL OSI USA News

  • MIL-OSI United Kingdom: Director of education support companies jailed after spending £200,000 in Covid loans ‘as he saw fit’

    Source: United Kingdom – Government Statements

    Press release

    Director of education support companies jailed after spending £200,000 in Covid loans ‘as he saw fit’

    Bounce Back Loan fraudster convicted after Insolvency Service investigations

    • Ricky Harrison fraudulently obtained four Covid Bounce Back Loans, including three for dormant companies 

    • Money from the loans was used by Harrison for his own personal benefit and he attempted to avoid having to make any repayments by applying to have all four of his companies struck-off the Companies House register 

    • Harrison has been sentenced to more than three years in prison following Insolvency Service investigations into his conduct

    A director who secured maximum-value Covid loans for three dormant companies and overstated his turnover to secure a fourth during the pandemic has been jailed. 

    Ricky Harrison received a total of £200,000 in Bounce Back Loans during 2020, when he was entitled to just £16,000 at most. He also spent the money for personal purposes, not for business use as was required. 

    Three of his companies, Hackney Works Ltd, Tower Hamlets Works Ltd and Ricky Harrison Holdings Ltd, were not trading at the time he made his fraudulent applications to the bank. 

    The 41-year-old also exaggerated his turnover by more than £150,000 for a fourth company, Newham Works Ltd. 

    Harrison, of Beacon Court, Hertford Heath, Hertfordshire, was sentenced to three years and two months in prison when he appeared at St Albans Crown Court on Friday 25 April. 

    He was also disqualified as a director for 10 years. 

    David Snasdell, Chief Investigator at the Insolvency Service, said:

    Ricky Harrison’s actions were deeply cynical. He exploited an opportunity to help himself to taxpayers’ money during what was a national emergency. 

    Harrison did not co-operate with Insolvency Service investigations, failing to attend a pre-arranged interview and instead producing a typed statement where he implausibly claimed he was entitled to all the loans and was at liberty to spend the funds as he saw fit. 

    The reality is that Harrison was not entitled to the vast majority of the money he received and was required to spend the funds for the economic benefit of his business.  

    This was public money and we will continue to prosecute those who made such obvious false representations to secure Covid support.

    Harrison’s four companies were incorporated within a three-week period in December 2018 and January 2019. 

    Hackney Works, Tower Hamlets Works, and Newham Works were all described on Companies House as providing “educational support services”. Ricky Harrison Holdings was described as a holding company. 

    Only Newham Works appeared to have any trading income in 2019. 

    Harrison himself admitted to an accountant that Hackney Works and Tower Hamlets Works were dormant and that there was no need to prepare any accounts for them. 

    Analysis of the accounts of Ricky Harrison Holdings revealed no evidence that the company had begun trading in its own right. 

    Despite this, Harrison falsely declared the companies had an annual turnover of £245,000, £232,000, and £315,000 respectively when he made the applications for three £50,000 Bounce Back Loans across a two-day period in May 2020.  

    At the same time, Harrison made a fraudulent application for a £50,000 Bounce Back Loan for Newham Works. He declared on the application form that the company’s turnover was £215,000 when it was actually only £64,000. 

    Harrison transferred some of the money he received to his other companies, including Newham Works, and paid a percentage into his own personal account. 

    A total of £85,000 also appeared to be used for the purchase of a vehicle in June 2020. 

    Harrison told the bank he would repay the funds, as was required under the terms of the scheme. 

    However, in July 2020, just weeks after securing the loans, Harrison applied to have Hackney Works and Tower Hamlets Works struck-off the Companies House register. 

    Harrison subsequently attempted to strike-off Ricky Harrison Holdings and Newham Works in 2021 but was unsuccessful. 

    No loan repayments were made by Harrison aside from a single payment of £833.

    Further information

    Updates to this page

    Published 28 April 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Palestinian Authority and UK strengthen ties to continue work towards long-term peace

    Source: United Kingdom – Government Statements

    Press release

    Palestinian Authority and UK strengthen ties to continue work towards long-term peace

    Prime Minister and Foreign Secretary host Palestinian Authority Prime Minister Mohammad Mustafa, demonstrating the UK’s steadfast support for the Palestinian Authority.

    Prime Minister Keir Starmer and Foreign Secretary David Lammy will today host Prime Minister Mohammad Mustafa in London, marking the first official Palestinian Authority Prime Ministerial visit to the UK since 2021.  

    The invitation reflects the UK’s steadfast support for the Palestinian Authority and the Palestinian people at a critical juncture in the Occupied Palestinian Territories, and desire to further strengthen bilateral relations. 

    The Foreign Secretary and Prime Minister Mustafa will sign a landmark Memorandum of Understanding enshrining their commitment to advancing Palestinian statehood as part of a two-state solution. It will also stress that the Palestinian Authority is the only legitimate governing entity in the Occupied Palestinian Territories, and underlines the importance of reunifying Gaza and the West Bank under its authority. The MoU will also underscore the commitment of the Palestinian Authority to deliver its reform agenda as a matter of priority.

    Alongside this, the UK will announce a package of support for the Occupied Palestinian Territories, expected to include £101 million directed at humanitarian relief, support for Palestinian economic development, and strengthening Palestinian Authority governance and reform. 

    The UK and PA will also agree on a coordinated approach to Gaza’s future, building on Arab and Palestinian-led initiatives. The UK will make clear that Hamas must immediately release the hostages and relinquish control of Gaza.

    The strengthening of the UK-Palestinian partnership represents a key component of the UK government’s Plan for Change, as it works to support long-term peace and security in the Middle East. By working even more closely with the Palestinian Authority, the UK is demonstrating its commitment to the two-state solution as the best option for a safe and secure Israel alongside a viable and sovereign Palestinian state.

    Foreign Secretary David Lammy said: 

    This visit marks a significant step in strengthening our relationship with the Palestinian Authority – a key partner for peace in the Middle East – at a critical moment.  

    The UK is clear that there can be no role for Hamas in the future of Gaza and we are committed to working with the Palestinian Authority as the only legitimate governing entity in the Occupied Palestinian Territories.

    We will not give up on the two-state solution, with a Palestinian state and Israel living side-by-side in peace, dignity and security. I reaffirm the UK’s commitment to recognising a Palestinian state as a contribution to that process, at a time that has the greatest impact.

    During the visit Prime Minister Mustafa will outline the Palestinian Authority’s reform programme which focuses on strengthening financial sustainability, enhancing governance transparency, and improving service delivery to Palestinian citizens. 

    Background

    • this is the first official Palestinian Authority Prime Ministerial visit to the UK since former Prime Minister Mohammad Shtayyeh visited Glasgow in 2021 for COP26 
    • Memorandum of Understanding: the MoU establishes a new framework for UK-Palestinian cooperation which will reiterate both parties’ commitment to the two-state solution, and pursue further cooperation in areas including economic development, trade and security
    • this comes as Lord Collins is also due to attend the UN Security Council Middle East Peace Process meeting on Tuesday where he will re-affirm the UK position on progressing towards a long-term peace in the region
    • the funding announcement is single-year (financial year 2025 to 2026) and future funding is subject to the ongoing Spending Review

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Contact the FCDO Communication Team via email (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

    Updates to this page

    Published 28 April 2025

    MIL OSI United Kingdom

  • MIL-OSI Economics: Phillips 66 Files Investor Presentation Highlighting Proven Strategy, Board Strength and Path for Shareholder Value Creation

    Source: Phillips

    Outlines strong operational and financial performance driven by the Company’s transformative strategy
    Warns that Elliott’s high-risk proposals are misleading, based on flawed analysis and threaten long-term shareholder value
    Underscores the valuable skills and experiences Phillips 66’s Board and nominees have to drive shareholder value creation, superior to those of Elliott’s nominees

    HOUSTON–(BUSINESS WIRE)– Phillips 66 (NYSE:PSX) (the “Company”) today filed an investor presentation with the U.S. Securities and Exchange Commission in connection with its upcoming Annual Meeting of Shareholders on May 21, 2025.
    In conjunction with the presentation, Phillips 66 published two new videos that showcase the skills and experiences the Company’s two new Board nominees, A. Nigel Hearne and Howard Ungerleider, would bring to the Board and how they would approach driving shareholder value as a potential Board member of Phillips 66.
    The presentation and the videos are available at www.phillips66delivers.com.
    Highlights of the investor presentation include:
    Phillips 66’s proven strategy has driven, and will drive, outperformance for shareholders
    Since Mark Lashier became President and CEO in 2022, Phillips 66 has delivered total shareholder returns of 67%1, significantly outperforming the S&P 500 Energy Index by 45%1 and the Company’s synthetic proxy peer median2 by 42%1
    In under three years, Phillips 66 has taken significant action, including returning over $14 billion to shareholders through share repurchases and dividends, rationalization of Refining assets, $3.5 billion in non-core asset divestitures, and opportunistic Midstream expansion through the Pinnacle and EPIC NGL acquisitions3
    Reduced Refining Adjusted Controllable Costs from $6.98/bbl in 2022 to $5.90/bbl4 in 2024 with a clear plan in place to further reduce costs and achieve $5.50/bbl by 20275
    Phillips 66’s transformative strategy is in its early innings and has significant room to deliver further value. This proven strategy will continue to drive long-term competitiveness in Refining, grow the NGL value chain, maintain the Company’s advantaged position in Chemicals, optimize profitability across all assets, and deliver consistent, compelling returns
    Phillips 66 has delivered Refining profitability on par with peers on a like-for-like basis, while outperforming them in overall Refining cost improvements since 2022 6. The Company remains focused on cost improvements with a focus on further enhancing market capture.
    Compared to 2021, our projected Midstream Adjusted EBITDA (post EPIC NGL) has grown by $1.9 billion, driven by an incremental 18% Cash Return on Capital Invested7, with additional organic growth opportunities in the future
    CPChem’s global scale and feedstock advantages result in a self-funding joint venture with stable, growing distributions that is constructing two world-scale projects coming online in late 2026

    The Company’s integrated model creates consistent and compelling long-term value for shareholders
    Compared to the weighted proxy peer average, the Company’s integrated model delivers higher returns for shareholders and lower volatility across cycles
    Phillips 66’s integrated structure creates $500 million in annual operating synergies8, as the Midstream business ensures reliable supply and integrated logistics for refineries and CPChem, ultimately improving flow assurance, feedstock quality, blending efficiency, and market flexibility
    Since the spinoff in 2012, we have grown our dividend at a 15% CAGR.9 Our annual dividend paid has increased every year – a rare achievement in the energy sector, especially through economic and commodity cycles
    Elliott, which has notable conflicts of interest, is attempting to mislead shareholders while pushing a short-sighted agenda that introduces undue risk and threatens to disrupt long-term shareholder returns
    Elliott has demonstrated a pattern of inconsistent engagement with the Company, including prolonged periods of no engagement followed by public presentations with new demands, not allowing the Board to interview its nominees and seeking to replace Bob Pease – a director who was appointed in mutual agreement with Elliott10
    Misleading shareholders has been a core focus of Elliott’s campaign – twisting quotes from management, describing their annual resignation proposal as voluntary despite the plain language of the proposalrequiringresignation, mischaracterizing Phillips 66’s business and comparing our performance to peers who report their metrics differently
    Elliott’s proposals ignore action already taken by Phillips 66 to reduce Refining Adjusted Controllable Costs
    Elliott’s calls to separate the Midstream business and CPChem are not only misguided and risky, but are underpinned by speculative valuations, ignore potentially large tax leakages and are driven by comparisons to other situations that are not applicable to Phillips 66
    Elliott’s subsidiary, Amber Energy, is in pursuit of CITGO – a direct competitor of Phillips 66 in a core operational corridor – and is being led by the same portfolio managers who are driving its proxy campaign against Phillips 66 and actively trying to undermine our strategy.Elliott’s public solicitation materials do not clearly mention its pursuit of CITGO, or that multiple members of the Amber Energy leadership team have been directly involved in soliciting Phillips 66 shareholders
    Phillips 66’s highly skilled and refreshed Board is a group of change agents with a track record of value creation, while Elliott’s nominees pose a risk to shareholder value
    Phillips 66’s Board composition is closely aligned with the Company’s strategy. Of our continuing Directors and our nominees, six have refining experience, five have chemicals experience and five have midstream experience. Nearly everyone has experience in business transformations, several have expertise in finance and a number are experts in supply chains11
    The Board consistently and rigorously evaluates the portfolio and other alternatives with a clear focus on maximizing long-term shareholder value – and remains prepared to take decisive action to achieve that goal
    Our Directors and nominees have overseen more than $300 billion in “breakup” or major divestiture transactions12 and consistently evaluate the portfolio for value-creating opportunities
    With five new directors appointed within the past four years, the Board has a strong track record of regular refreshment
    Compared to Phillips 66’s nominees, Elliott’s nominees bring less relevant expertise and have redundant backgrounds. They also have conflicts of interests and close ties to Elliott and Amber Energy, who are actively pursuing one of our direct competitors, CITGO
    Phillips 66’s nominees are significantly superior to Elliott’s in every category. Our nominees have experiences that are directly relevant to the Company’s strategy and have notably stronger track records of creating value at publicly traded companies when compared to Elliott’s nominees
    Elliott has put forth illegal corporate governance demands, masked by misleading communications
    As you know, the Board is fully committed to declassifying in accordance with our governing documents such that each of our directors is up for election each year. Our last attempt to do so received approval from 73% of outstanding shares. We encourage shareholders to vote FOR management’s declassification proposal
    In contrast, Elliott is asking us to devise a “workaround” to declassify the Board in a de facto manner, without obtaining the required stockholder vote to do so. Our charter and by-laws do not give us that power. Put simply, if implemented, Elliott’s annual resignation proposal would contravene Delaware law, our company’s charter and by-laws and our Board’s fiduciary duties to shareholders. These facts are totally irreconcilable with Elliott’s purported interest in good corporate governance. The SEC has a process for companies to be able to exclude 14a-8 shareholder proposals that are illegal to implement, but the manner Elliott chose to proceed with avoided that review as Elliott submitted a proposal and solicited on its own proxy card
    Elliott itself clearly realizes that an annual resignation requirement is not legal to implement, so Elliott keeps misleadingly suggesting that what it is asking for is simply voluntary. However, the plain text of Elliott’s proposal specifically asks the Board to adopt a policyrequiringour directors to resign each year
    Implementing Elliott’s proposal would expose the Company to costly litigation and reputational risks and set a dangerous precedent for conveniently disregarding governing documents
    Your Vote Matters
    Phillips 66’s Board of Directors urges shareholders to use only the WHITE proxy card to vote:
    “FOR” all four of the candidates proposed by the Company and not Elliott’s four nominees;
    “FOR” management’s proposal to approve the declassification of the Board of Directors; and
    “AGAINST” Elliott’s proposal requiring annual director resignations, which implementing would violate Delaware law and put your Board at significant legal and reputational risk
    The Board strongly recommends that shareholders safeguard their investment in Phillips 66 by casting their vote as soon as possible, regardless of plans to attend the Annual Meeting virtually on May 21, 2025.
    Shareholders may receive materials from Elliott Management that say “gold proxy card” or “gold voting instructions” or similar. Phillips 66 recommends that shareholders DISCARD any Gold voting materials they may receive from Elliott. Shareholders may cancel out any vote made using a Gold proxy card by voting again TODAY using the Company’s WHITE proxy card. Only the latest-dated vote will count.
    About Phillips 66
    Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn.
    Forward-Looking Statements
    This news release contains forward-looking statements within the meaning of the federal securities laws relating to Phillips 66’s operations, strategy and performance. Words such as “anticipated,” “committed,” “estimated,” “expected,” “planned,” “scheduled,” “targeted,” “believe,” “continue,” “intend,” “will,” “would,” “objective,” “goal,” “project,” “efforts,” “strategies,” and similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements included in this news release are based on management’s expectations, estimates and projections as of the date they are made. These statements are not guarantees of future events or performance, and you should not unduly rely on them as they involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include: changes in governmental policies or laws that relate to our operations, including regulations that seek to limit or restrict refining, marketing and midstream operations or regulate profits, pricing, or taxation of our products or feedstocks, or other regulations that restrict feedstock imports or product exports; our ability to timely obtain or maintain permits necessary for projects; fluctuations in NGL, crude oil, refined petroleum, renewable fuels and natural gas prices, and refining, marketing and petrochemical margins; the effects of any widespread public health crisis and its negative impact on commercial activity and demand for refined petroleum or renewable fuels products; changes to worldwide government policies relating to renewable fuels and greenhouse gas emissions that adversely affect programs including the renewable fuel standards program, low carbon fuel standards and tax credits for renewable fuels; potential liability from pending or future litigation; liability for remedial actions, including removal and reclamation obligations under existing or future environmental regulations; unexpected changes in costs for constructing, modifying or operating our facilities; our ability to successfully complete, or any material delay in the completion of, any asset disposition, acquisition, shutdown or conversion that we have announced or may pursue, including receipt of any necessary regulatory approvals or permits related thereto; unexpected difficulties in manufacturing, refining or transporting our products; the level and success of drilling and production volumes around our midstream assets; risks and uncertainties with respect to the actions of actual or potential competitive suppliers and transporters of refined petroleum products, renewable fuels or specialty products; lack of, or disruptions in, adequate and reliable transportation for our products; failure to complete construction of capital projects on time or within budget; our ability to comply with governmental regulations or make capital expenditures to maintain compliance with laws; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets, which may also impact our ability to repurchase shares and declare and pay dividends; potential disruption of our operations due to accidents, weather events, including as a result of climate change, acts of terrorism or cyberattacks; general domestic and international economic and political developments, including armed hostilities (such as the Russia-Ukraine war), expropriation of assets, and other diplomatic developments; international monetary conditions and exchange controls; changes in estimates or projections used to assess fair value of intangible assets, goodwill and property and equipment and/or strategic decisions with respect to our asset portfolio that cause impairment charges; investments required, or reduced demand for products, as a result of environmental rules and regulations; changes in tax, environmental and other laws and regulations (including alternative energy mandates); political and societal concerns about climate change that could result in changes to our business or increase expenditures, including litigation-related expenses; the operation, financing and distribution decisions of equity affiliates we do not control; and other economic, business, competitive and/or regulatory factors affecting Phillips 66’s businesses generally as set forth in our filings with the Securities and Exchange Commission. Phillips 66 is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
    Additional Information
    On April 8, 2025, Phillips 66 filed a definitive proxy statement on Schedule 14A (the “Proxy Statement”) and accompanying WHITE proxy card with the U.S. Securities and Exchange Commission (the “SEC”) in connection with its 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”) and its solicitation of proxies for Phillips 66’s director nominees and for other matters to be voted on. This communication is not a substitute for the Proxy Statement or any other document that Phillips 66 has filed or may file with the SEC in connection with any solicitation by Phillips 66. PHILLIPS 66 SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ THE PROXY STATEMENT (AND ANY AMENDMENTS AND SUPPLEMENTS THERETO) AND ACCOMPANYING WHITE PROXY CARD AND ANY OTHER RELEVANT SOLICITATION MATERIALS FILED WITH THE SEC AS THEY CONTAIN IMPORTANT INFORMATION. Shareholders may obtain copies of the Proxy Statement, any amendments or supplements to the Proxy Statement and other documents (including the WHITE proxy card) filed by Phillips 66 with the SEC without charge from the SEC’s website at www.sec.gov. Copies of the documents filed by Phillips 66 with the SEC also may be obtained free of charge at Phillips 66’s investor relations website at https://investor.phillips66.com or upon written request sent to Phillips 66, 2331 CityWest Boulevard, Houston, TX 77042, Attention: Investor Relations.
    Certain Information Regarding Participants
    Phillips 66, its directors, its director nominees and certain of its executive officers and employees may be deemed to be participants in connection with the solicitation of proxies from Phillips 66 shareholders in connection with the matters to be considered at the 2025 Annual Meeting. Information regarding the names of such persons and their respective interests in Phillips 66, by securities holdings or otherwise, is available in the Proxy Statement, which was filed with the SEC on April 8, 2025, including in the sections captioned “Beneficial Ownership of Phillips 66 Securities” and “Appendix C: Supplemental Information Regarding Participants in the Solicitation.” To the extent that Phillips 66’s directors and executive officers who may be deemed to be participants in the solicitation have acquired or disposed of securities holdings since the applicable “as of” date disclosed in the Proxy Statement, such transactions have been or will be reflected on Statements of Changes in Ownership of Securities on Form 4 or Initial Statements of Beneficial Ownership of Securities on Form 3 filed with the SEC. These documents are or will be available free of charge at the SEC’s website at www.sec.gov.
    Use of Non-GAAP Financial Information
    Non-GAAP Measures—This news release includes non-GAAP financial measures, including, “adjusted EBITDA” and “refining adjusted controllable costs.” These are non-GAAP financial measures that are included to help facilitate comparisons of operating performance across periods and to help facilitate comparisons with other companies in our industry. Where applicable, these measures exclude items that do not reflect the core operating results of our businesses in the current period or other adjustments to reflect how management analyzes results. Reconciliations to, or further discussion of, the most comparable GAAP financial measures can be found within or at the end of the news release materials.
    This news release also includes forward-looking non-GAAP financial measure estimates such as, but not limited to “adjusted EBITDA” and “refining adjusted controllable costs” which, as used in certain places herein, are forward looking non-GAAP financial measures. These forward-looking estimates or targets depend on future levels of revenues and/or expenses, including amounts that could be attributable to non-controlling interests or related joint ventures, which are not reasonably estimable at this time. Accordingly, reconciliations of these forward-looking non-GAAP financial measures to the nearest GAAP financial measure cannot be provided without unreasonable effort. Below are definitions of these non-GAAP measures and identification of the most directly comparable GAAP measure.
    EBITDA is defined as estimated net income plus estimated net interest expense, income taxes, and depreciation and amortization. Adjusted EBITDA is defined as estimated EBITDA plus the proportional share of selected equity affiliates’ estimated net interest expense, income taxes, and depreciation and amortization less the portion of estimated adjusted EBITDA attributable to noncontrolling interests. Net income is the most directly comparable GAAP financial measure for the consolidated company and income before income taxes is the most directly comparable GAAP financial measure for operating segments. Refining adjusted controllable cost is the sum of operating and SG&A expenses forour Refining segment, plus our proportional share of operating and SG&A expenses of two refining equity affiliates that are reflected in equity earnings of affiliates. The per barrel amounts are based on total processed inputs, including our proportional share of processed inputs of an equity affiliate, for the respective period.
    References in this news release to shareholder distributions and returns to shareholders refer to the sum of dividends paid to Phillips 66 stockholders and proceeds used by Phillips 66 to repurchase shares of its common stock. References in this news release to “synergies” or “dis-synergies” are supported by management’s estimates and assumptions. These estimates are derived from the Company’s internal projections and other relevant data. However, because these synergies or dis-synergies are not calculated in accordance with generally accepted accounting principles (GAAP), they cannot be directly reconciled to GAAP measures. The Company believes that these non-GAAP measures provide valuable insight into optimization benefits but cautions that such synergies or dis-synergies may not be realized in full or at all.
    Basis of News release—Effective April 1, 2024, we changed the internal financial information reviewed by our chief executive officer to evaluate performance and allocate resources to our operating segments. This included changes in the composition of our operating segments, as well as measurement changes for certain activities between our operating segments. The primary effects of this realignment included establishment of a Renewable Fuels operating segment, which includes renewable fuels activities and assets historically reported in our Refining, Marketing and Specialties (M&S), and Midstream segments; change in method of allocating results for certain Gulf Coast distillate export activities from our M&S segment to our Refining segment; reclassification of certain crude oil and international clean products trading activities between our M&S segment and our Refining segment; and change in reporting of our investment in NOVONIX from our Midstream segment to Corporate and Other. Accordingly, prior period results have been recast for comparability.
    1. Source: FactSet; market data as of March 31, 2025. Shown since June 30, 2022, one day prior to Mark Lashier’s appointment as CEO.
    2. Calculated as the weighted average of Refining (CVI, DINO, DK, MPC, PBF, VLO), Midstream (OKE, TRGP, WMB), and Chemicals (DOW, LYB, WLK) Performance by Proxy Peers’ TSR based on the weighting of consensus NTM EBIDTA estimates for PSX’s segments.
    3. Source: Company filings.
    4. Excludes adjusted turnaround costs. Reconciliations of these non-GAAP financial measures to the most comparable GAAP financial measure can be found here.
    5. Excluding adjusted turnaround expense, post-ceasing of operations at Los Angeles refinery.
    6. For additional details, see Slide 16 of Investor Presentation.
    7. Incremental Adjusted Cash Return on Capital Invested since 2021 calculated as $1.9 B of incremental Adjusted EBITDA from 2021 to Projected Post-EPIC NGL in 2024 divided by $10.6 B of capital invested ($0.4 B of cash used in the DCP restructuring with Enbridge, $3.8 B of cash used in the DCP acquisition, proportionate share of DCP’s debt and preferred equity outstanding as of June 30, 2023 of $2.9 B, $0.6 B of cash used in Pinnacle acquisition, $2.2 B, net of cash acquired, $2.7 B of Midstream growth + sustaining capital excluding acquisitions from 2021-2024, less $2.2 B of cash received from asset sales). For additional details, see Slide 19 of Investor Presentation. Reconciliations of these non-GAAP financial measures to the most comparable GAAP financial measure can be found here.
    8. $50 MM attributable to CPChem and $450 MM attributable to Midstream operations.
    9. Dividend CAGR calculated from initial dividend of $0.20 per share in 3Q 2012 to $1.15 per share in 4Q 2024.
    10. See section titled “Background of the Solicitation” in the definitive proxy statement filed by Phillips 66 with the SEC for a detailed summary of our engagement with Elliott.
    11. Source: Company filings, public filings.
    12. Source: Deal Point Data, Reuters, FactSet, Financial Times, RBC Capital Markets.

    Source: Phillips 66

    MIL OSI Economics

  • MIL-OSI Russia: Financial security issues were discussed with the director of Rosfinmonitoring at the HSE Distributed Lyceum school

    Translation. Region: Russian Federal

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

    © Higher School of Economics

    Director of the Federal Service for Financial Monitoring Yuri Chikhanchin discussed with high school students the problem of financial security of young people, including droppers. The meeting, organized at the initiative of the Higher School of Economics, took place at Moscow School No. 2107, which is part of the network Distributed Lyceum of the National Research University Higher School of Economics.

    “CLASS Hour” with the head of Rosfinmonitoring brought together students in grades 10-11. The event was also attended by Deputy Vice-Rector, Director for Strategic Work with Applicants of the National Research University Higher School of Economics Alexander Chepovsky and Principal of School No. 2107 Elena Naumova. The meeting was moderated by Marina Shemyakina, Head of the Center for Inter-Olympiad Training of Schoolchildren and Students of the P.N. Lebedev Physical Institute of the Russian Academy of Sciences.

    Yuri Chikhanchin emphasized the importance of increasing the financial and legal literacy of schoolchildren and students. As the head of the department noted, criminals increasingly use minors as droppers and it is important for young people to understand the consequences of such actions, not to transfer their bank cards and account information to third parties.

    Useful knowledge on how to protect yourself and your loved ones from threats can be gained by participating in the International Financial Security Olympiad. The Olympiad also provides an opportunity to get to know the work of financial intelligence officers and the anti-money laundering system in general.

    “We are always waiting for young specialists who have modern knowledge and skills in the field of information technology, finance, economics, international law. Universities of the International Network Institute in the field of AML/CFT (counter-money laundering and counter-terrorism financing. – Ed.) prepare future financial intelligence officers. We invite you to become part of this big family,” said Yuri Chikhanchin.

    Alexander Chepovsky noted the active work of the Higher School of Economics in the field of financial security: “Since 2024, we have become part of the International Network Institute in the Sphere of AML/CFT (INI) and actively support financial security events for schoolchildren and students, and also create our own projects. For example, this academic year we are launching the minor “Financial Security and Computer Investigations” for second-year students, which will provide the necessary knowledge base and form important legal, financial and digital competencies. Upon completion of the training, students will receive an official document on microqualification. And school graduates, when entering a number of bachelor’s and specialist’s degree programs at the National Research University Higher School of Economics, receive preferences for high results in the International Olympiad on Financial Security, of which we are a co-organizer as a member of the INI.”

    During the “CLASS Hour”, students asked the head of the Russian financial intelligence service questions, took part in the thematic game “True or Fake” and solved a practical case in the role of analysts.

    As part of the meeting, a tour of the school museum of historical large-scale miniatures of the Great Patriotic War “Muzimmion” was also organized.

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

    MIL OSI Russia News

  • MIL-OSI: BitMart Shines at TOKEN2049 Dubai: A Pinnacle Moment of Innovation and Global Impact

    Source: GlobeNewswire (MIL-OSI)

    Dubai, UAE, April 28, 2025 (GLOBE NEWSWIRE) — From April 30 to May 1, 2025, the annual premier event in the crypto and blockchain space, TOKEN2049, will make its grand debut at Madinat Jumeirah in Dubai. As a Platinum Sponsor, BitMart will showcase its innovation and global influence in the Web3 domain through a diverse range of activities, high-level industry participation, and immersive interactive experiences.

    BitMart at the TOKEN2049 Main Venue: Creating New Opportunities for Collaboration

    BitMart warmly invites attendees to visit its booth (P13 and P14) at the TOKEN2049 main venue for in-depth discussions exploring cutting-edge blockchain solutions. This will be a unique opportunity to engage with the BitMart team closely and discuss the future of the industry while uncovering new opportunities for collaboration and ecosystem development. Additionally, booth visitors can look forward to a variety of gifts and exciting on-site giveaways, creating a more interactive and engaging experience.

    Booth Information
    Location: TOKEN2049 Main Venue (Booths P13 & P14)
    Date: April 30 to May 1, 2025

    CEO Keynote Speech: AI Empowering the Future of the Crypto Industry

    On May 1, BitMart Global CEO Nathan Chow will attend TOKEN2049 Dubai and deliver a keynote speech titled “Shaping the Future of Cryptocurrency: AI-Driven Scale and Institutional Trust.” Marking Nathan’s first public speech since joining BitMart, he will share his insights into how artificial intelligence is driving the growth of the cryptocurrency industry.

    WEB3 Night of Convergence: A TOKEN2049 Side Event

    As a pivotal side event of TOKEN2049, BitMart will host the highly anticipated “WEB3 Night of Convergence” themed party on the evening of April 30 at Papa Dubai. This exclusive gathering will bring together global leaders in the blockchain industry, providing a platform for deep communication and collaboration.

    The event will feature a vibrant mix of social networking, captivating DJ sets, and dancer performances, creating an unforgettable industry celebration for attendees. Multiple interactive sessions and exclusive prize giveaways will make the evening exciting and full of surprises. The event is co-hosted by partners such as LF Labs, RaveDAO, XODE Blockchain, DON Coin, and MetaEra, with media support from renowned outlets like ChainCatcher, Odaily, BlockTempo, BlockBeats, ForesightNews, PANews, MPOST, and Blockchain Wire.

    Event Details
    Date: April 30, 2025, 7:00 PM – 11:00 PM
    Location: Papa Dubai
    Registration Link: https://lu.ma/z505zj95

    VIP Night of Excellence · BitMart Exclusive Cocktail Reception

    On the evening of May 1, BitMart will host the VIP Night of Excellence at the iconic Burj Khalifa in Dubai. This high-end luxury event will welcome 100 carefully selected blockchain industry leaders, crypto funds, and founders of top Web3 projects to participate in this extraordinary networking opportunity.

    During the event, BitMart CEO Nathan Chow and other senior executives will be present to share BitMart’s latest strategic plans. Attendees will engage in in-depth discussions on the future of Web3 while enjoying the spectacular night skyline of Dubai.

    Event Details
    Date: May 1, 2025, 7:00 PM – 11:30 PM
    Location: Burj Khalifa, Dubai
    Registration Link: https://lu.ma/gkvkrfb1

    Diverse Collaborative Activities: The Intersection of Web3 Creativity & Culture

    During TOKEN2049, BitMart will also co-host a series of exciting side events with industry partners, such as the “Bull Market Mixer” in collaboration with LF Labs, and the “Ladies Night Desert Music Festival” organized jointly with RaveDAO. These events blend cultural creativity with industry networking, energizing the blockchain ecosystem with fresh enthusiasm.

    Event Details

    “Bull Market Mixer”: Co-hosted with LF Labs
    Registration Link: https://lflabs.fund/bull-market-mixer-token2049-dubai-event/ticket

    “Ladies Night Desert Music Festival”: Co-hosted with RaveDAO
    Registration Link: https://app.plvr.io/events/32

    Leading the Future of the Industry: BitMart’s Strategic Importance at TOKEN2049

    As one of the most prominent exhibitors at TOKEN2049 Dubai, BitMart demonstrates its leadership in advancing the global blockchain ecosystem through its diverse range of activities. From technological innovation to ecosystem optimization, BitMart is dedicated to driving industry growth with tangible actions, building a new framework of collaboration and mutual success.

    Looking forward, BitMart will continue to deepen its presence in global markets and strengthen partnerships within the industry. By fostering innovation and driving the comprehensive development of the Web3 ecosystem, BitMart’s impressive presence at TOKEN2049 marks a new chapter in its journey while promoting deeper global connections and resource sharing. This contribution injects fresh momentum and vitality into the blockchain industry.

    About BitMart
    BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,700+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion. To learn more about BitMart, visit their Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere.

    Disclaimer:
    The information provided is for informational purposes only and should not be considered a recommendation to buy, sell, or hold any financial assets. All information is provided in good faith. However, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of such information.

    All crypto investments, including earnings, are highly speculative in nature and involve substantial risk of loss. Past, hypothetical, or simulated performance is not necessarily indicative of future results. The value of digital currencies can go up or down and there can be a substantial risk in buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial circumstances, and risk tolerance. BitMart does not provide any investment, legal or tax advice.

    The MIL Network

  • MIL-OSI: Exodus Movement, Inc. to Announce First Quarter 2025 Results on May 12, 2025

    Source: GlobeNewswire (MIL-OSI)

    OMAHA, Neb., April 28, 2025 (GLOBE NEWSWIRE) — Exodus Movement, Inc. (NYSE American: EXOD) (“Exodus”), a leading self-custodial cryptocurrency platform, today announced that it will release its first quarter financial results on Monday, May 12, 2025, after market close. An earnings conference webcast will be held at 4:30 PM ET on the same day.

    To access the webcast, please use this link. It will also be available on the Company’s website www.exodus.com. Supplementary materials will also be made available prior to the webcast on the “Investor Relations” portion of the Company website.

    About Exodus

    Exodus is a financial technology leader empowering individuals and businesses with secure, user-friendly crypto software solutions. Since 2015, Exodus has made digital assets accessible to everyone through its multi-asset crypto wallets prioritizing design and ease of use.

    With self-custodial wallets, Exodus puts customers in full control of their funds, enabling them to swap, buy, and sell crypto. Its business solutions include Passkeys Wallet and XO Swap, industry-leading tools for embedded crypto wallets and swap aggregation.

    Exodus is committed to driving the future of accessible and secure finance. Learn more at exodus.com or follow us on X at x.com/exodus.

    Investor Contact
    investors@exodus.com

    Disclosure Information
    Exodus uses the following as means of disclosing material nonpublic information and for complying with disclosure obligations under Regulation FD: websites exodus.com/investors and exodus.com/blog; press releases; public videos, calls, and webcasts; and social media: X (@exodus and JP Richardson’s feed @jprichardson), Facebook, LinkedIn, and YouTube.

    The MIL Network

  • MIL-OSI Russia: Marat Khusnullin: The list of key settlements consists of more than half small towns and villages

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    According to the Presidential Decree on the national development goals of the country, by 2030 the quality of the living environment in key settlements should increase by 30% and by 60% by 2036. This work is being carried out under the national project “Infrastructure for Life”, said Deputy Prime Minister Marat Khusnullin.

    “The unified list of support centers includes 2,160 settlements. Taking into account the adjacent territories, they cover almost the entire country in terms of population. Among them are all agglomerations and administrative centers of regions – 212 settlements. Also included are 183 other centers where large investment projects are being implemented, 217 strategic settlements that ensure national security, as well as 1,548 settlements servicing the adjacent territory. Thus, more than half of the support centers are small towns, urban-type settlements and villages. All support settlements will be included in the development program aimed at improving the quality of life of citizens,” said Marat Khusnullin.

    According to the Deputy Prime Minister, this program will cover 16 areas, including housing provision, resettlement of dilapidated buildings, improving the quality of public services, improving the condition of the road network and public transport, increasing transport connectivity, building social infrastructure, landscaping, connecting to gas, providing access to the Internet, and closing unauthorized landfills.

    Infrastructure bonds, treasury infrastructure loans, which will replace infrastructure budget and special treasury loans (IBK and STK), as well as a mechanism for writing off regional debt on budget loans, are provided for the development of key settlements.

    Ilshat Shagiakhmetov, General Director of the Territorial Development Fund, noted that during the period of validity of infrastructure budget and special treasury loans since 2022, regions have appreciated the convenience and flexibility of these instruments.

    “Today, in Russia, thanks to the IBC and SKK programs, operated by the fund, work has been completed on more than 630 objects and events. Residents of large cities and small towns receive better quality utilities, modern social institutions, renovated roads and public transport fleets. Moreover, the new infrastructure has a positive impact on other areas. Residential areas are developing, new jobs are appearing, more private investment is attracted. And this is an integral part of the socio-economic development of each region of our country. The new mechanism of treasury infrastructure loans will serve the same goals aimed at improving the quality of life in the regions,” Ilshat Shagiakhmetov emphasized.

    Different priorities are envisaged for different supporting settlements. Thus, small towns and villages require accelerated development of social infrastructure to reduce the outflow of population. Agglomerations and administrative centers need help with increasing the efficiency of the economy by strengthening agglomeration ties, increasing capital investments in scientific, technological and innovative development, and increasing the efficiency of infrastructure use. In strategic settlements, it is necessary to ensure a quality of living environment sufficient for maintaining and increasing the population, and to support projects to diversify the economy, which depends on the narrow specialization of city-forming enterprises. In the centers of implementation of large investment projects, accelerated development of transport, energy and utilities infrastructure is required, as well as housing construction to attract personnel.

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

    MIL OSI Russia News

  • MIL-OSI Russia: Financial news: In 2024, microfinance organizations issued almost 130 billion rubles to businesses

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    Last year, microfinance organizations (MFOs) increased business lending by almost a quarter, counted Bank of Russia. At the end of the year, 75 thousand small and medium-sized companies and entrepreneurs were clients of microfinance organizations.

    In terms of the volume of loans issued, commercial MFIs were ahead of state-owned ones for the first time: they provided entrepreneurs with more than 73 billion rubles – 54% more than in 2023. The growth driver was the digitalization of their services: more than 90% of loans were issued by commercial MFIs remotely. The main clients were small companies and entrepreneurs from the trade sector, including marketplace suppliers.

    State MFIs financed enterprises operating in the construction, transport, goods manufacturing, agriculture, and often regional businesses. Among them were projects participating in the import substitution program. The average interest rate on loans from state MFIs, thanks to state support, was 7% per annum; for commercial ones, it was higher — 46% per annum.

    The State Duma is considering draft law, which proposes to increase the amount of microloans for businesses from the current 5 million to 15 million rubles. This will help expand access for small and medium-sized companies to borrowed funds. Such loans will allow entrepreneurs to finance larger and more capital-intensive projects.

    Preview photo: Best pixels / Shutterstock / Fotodom

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //vv. KBR.ru/Press/Event/? ID = 23578

    MIL OSI Russia News

  • MIL-OSI: Roper Technologies announces first quarter financial results

    Source: GlobeNewswire (MIL-OSI)

    SARASOTA, Fla., April 28, 2025 (GLOBE NEWSWIRE) — Roper Technologies, Inc. (Nasdaq: ROP) reported financial results for the first quarter ended March 31, 2025.

    First quarter 2025 highlights

    • Revenue increased 12% to $1.88 billion; acquisition contribution was +8% and organic revenue was +5%
    • GAAP net earnings decreased 13% to $331 million; adjusted net earnings increased 9% to $517 million
    • Adjusted EBITDA increased 9% to $740 million
    • Operating cash flow decreased 1% to $529 million; trailing-twelve-months adjusted operating cash flow increased 12% to $2.39 billion
    • GAAP DEPS decreased 14% to $3.06; adjusted DEPS increased 8% to $4.78

    “Roper had a strong start to 2025 and our enterprise continues to execute at a high level,” said Neil Hunn, Roper’s President and CEO. “Our total revenue growth of 12% was driven by an 8% acquisition contribution and 5% organic growth. Importantly, our trailing-twelve-months free cash flow grew 12% with a 31% free cash flow margin. Last week, we completed the acquisition of CentralReach, a leading provider of cloud-native software enabling the workflow and administration of Applied Behavior Analysis therapy. CentralReach is a terrific business that not only meets each of our historical acquisition criteria but also meets our higher growth and higher return expectations.”

    “Despite an uncertain macroeconomic backdrop, we are increasing our full year outlook. This is underpinned by resilient demand for our mission critical solutions and our expanding recurring revenue base. Additionally, we are well positioned to continue executing our disciplined and process-driven capital deployment strategy, fueled by our significant M&A firepower and a large pipeline of attractive acquisition opportunities. Roper’s durable cash flow compounding model has historically performed well through economic and market cycles, and we expect our resilience will again be demonstrated in the current environment,” concluded Mr. Hunn.

    Increasing 2025 guidance

    Roper now expects full year 2025 adjusted DEPS of $19.80 – $20.05, compared to previous guidance of $19.75 – $20.00. The Company increased its full year total revenue growth outlook to ~12%, compared to a previous outlook of 10%+, and continues to expect organic revenue growth of +6 – 7%.

    For the second quarter of 2025, the Company expects adjusted DEPS of $4.80 – $4.84.

    Roper’s guidance includes the impact of the previously announced acquisition of CentralReach, which closed on April 23, 2025. The Company’s guidance excludes the impact of unannounced future acquisitions or divestitures.

    Conference call to be held at 8:00 AM (ET) today

    A conference call to discuss these results has been scheduled for 8:00 AM ET on Monday, April 28, 2025. The call can be accessed via webcast or by dialing +1 800-836-8184 (US/Canada) or +1 646-357-8785, using conference call ID 07867. Webcast information and conference call materials will be made available in the Investors section of Roper’s website (www.ropertech.com) prior to the start of the call. The webcast can also be accessed directly by using the following URL https://event.webcast. Telephonic replays will be available for up to two weeks and can be accessed by dialing +1 646-517-4150 with access code 07867#.

    Use of non-GAAP financial information

    The Company supplements its consolidated financial statements presented on a GAAP basis with certain non-GAAP financial information to provide investors with greater insight, increase transparency and allow for a more comprehensive understanding of the information used by management in its financial and operational decision-making. Reconciliation of non-GAAP measures to their most directly comparable GAAP measures are included in the accompanying financial schedules or tables. The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures prepared in accordance with GAAP, and the financial results prepared in accordance with GAAP and reconciliations from these results should be carefully evaluated.

    Minority interest

    Following the sale of a majority stake in its industrial businesses to CD&R, Roper holds a minority interest in Indicor. The fair value of Roper’s equity investment in Indicor is updated on a quarterly basis and reported as “equity investments (gain) loss, net.” Roper makes non-GAAP adjustments for the impacts associated with this investment.

    Table 1: Revenue and adjusted EBITDA reconciliation ($M)
      Q1 2024   Q1 2025   V %
    GAAP revenue $ 1,681     $ 1,883     12 %
               
    Components of revenue growth          
    Organic         5 %
    Acquisitions         8 %
    Foreign exchange         %
    Revenue growth         12 %
               
    Adjusted EBITDA reconciliation          
    GAAP net earnings $ 382     $ 331      
    Taxes   102       87      
    Interest expense   53       63      
    Depreciation   9       9      
    Amortization   185       204      
    EBITDA $ 731     $ 694     (5)%
               
    Transaction-related expenses for completed
    acquisitions
      2       1      
    Financial impacts associated with the minority
    investments in Indicor & Certinia
      (57 )     44   A  
    Adjusted EBITDA $ 676     $ 740     9 %
    Adjusted EBITDA margin   40.2 %     39.3 %   (90 bps)
                       
    Table 2: Adjusted net earnings reconciliation ($M)
      Q1 2024   Q1 2025   V %
    GAAP net earnings $ 382     $ 331   (13)%
    Transaction-related expenses for completed
    acquisitions
      1       1    
    Financial impacts associated with the minority
    investments in Indicor & Certinia
      (48 )     32 A  
    Amortization of acquisition-related intangible
    assets
      141       154 B  
    Adjusted net earnings C $ 476     $ 517   9 %
               
    Table 3: Adjusted DEPS reconciliation
      Q1 2024   Q1 2025   V %
    GAAP DEPS $ 3.54     $ 3.06   (14)%
    Transaction-related expenses for completed
    acquisitions
      0.01       0.01    
    Financial impacts associated with the minority
    investments in Indicor & Certinia
      (0.45 )     0.29 A  
    Amortization of acquisition-related intangible
    assets
      1.31       1.42 B  
    Adjusted DEPSC $ 4.41     $ 4.78   8 %
               
    Table 4: Adjusted cash flow reconciliation ($M)
    (from continuing operations)
       
      Q1 2024   Q1 2025   V %     TTM 2024   TTM 2025   V %
    Operating cash flow $ 531     $ 529     (1)%     $ 2,104     $ 2,390     14 %
    Taxes paid in period
    related to divestiture
                        32            
    Adjusted operating cash
    flow
    $ 531     $ 529     (1)%     $ 2,136     $ 2,390     12 %
    Capital expenditures   (9 )     (10 )           (68 )     (66 )    
    Capitalized software
    expenditures
      (10 )     (12 )           (40 )     (48 )    
    Adjusted free cash flow $ 513     $ 507     (1)%     $ 2,029     $ 2,276     12 %
                             
    Table 5: Forecasted adjusted DEPS reconciliation
      Q2 2025   FY 2025
      Low end   High end   Low end   High end
    GAAP DEPS D $ 3.33   $ 3.37   $ 13.72   $ 13.97
    YTD transaction-related expenses for
    completed acquisitions
              0.01     0.01
    YTD financial impacts associated with the
    minority investment in Indicor A
              0.29     0.29
    Amortization of acquisition-related
    intangible assets B
      1.47     1.47     5.78     5.78
    Adjusted DEPS C $ 4.80   $ 4.84   $ 19.80   $ 20.05
                   

    Footnotes:

    A. Adjustments related to the financial impacts associated with the minority investment in Indicor as shown below ($M, except per share data). Forecasted results do not include any potential impacts associated with our minority investment in Indicor, as these potential impacts cannot be reasonably predicted. These impacts will be excluded from all non-GAAP results in future periods.
                         
        Q1 2025A     Q2 2025E   FY 2025E     YTD 2025A
      Pretax $ 44     TBD   TBD     $ 44
      After-tax $ 32     TBD   TBD     $ 32
      Per share $ 0.29     TBD   TBD     $ 0.29
                         
    B. Actual results and forecast of estimated amortization of acquisition-related intangible assets as shown below ($M, except per share data).
                         
        Q1 2025A     Q2 2025E   FY 2025E      
      Pretax $ 194     $ 202   $ 795      
      After-tax $ 154     $ 160   $ 628      
      Per share $ 1.42     $ 1.47   $ 5.78      
                         
    C. All actual and forecasted non-GAAP adjustments are taxed at 21% with the exception of the financial impacts associated with minority investments.
                         
    D. Forecasted GAAP DEPS do not include any potential impacts associated with our minority investment in Indicor. These impacts will be excluded from all non-GAAP results in future periods.
       

    Note: Numbers may not foot due to rounding.

    About Roper Technologies

    Roper Technologies is a constituent of the Nasdaq 100, S&P 500, and Fortune 1000. Roper has a proven, long-term track record of compounding cash flow and shareholder value. The Company operates market leading businesses that design and develop vertical software and technology enabled products for a variety of defensible niche markets. Roper utilizes a disciplined, analytical, and process-driven approach to redeploy its excess capital toward high-quality acquisitions. Additional information about Roper is available on the Company’s website at www.ropertech.com.

    Contact information:
    Investor Relations
    941-556-2601
    investor-relations@ropertech.com

    The information provided in this press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements may include, among others, statements regarding operating results, the success of our internal operating plans, and the prospects for newly acquired businesses to be integrated and contribute to future growth, profit and cash flow expectations. Forward-looking statements may be indicated by words or phrases such as “anticipate,” “estimate,” “plans,” “expects,” “projects,” “should,” “will,” “believes,” “intends” and similar words and phrases. These statements reflect management’s current beliefs and are not guarantees of future performance. They involve risks and uncertainties that could cause actual results to differ materially from those contained in any forward-looking statement. Such risks and uncertainties include our ability to identify and complete acquisitions consistent with our business strategies, integrate acquisitions that have been completed, realize expected benefits and synergies from, and manage other risks associated with, acquired businesses, including obtaining any required regulatory approvals with respect thereto. We also face other general risks, including our ability to realize cost savings from our operating initiatives, general economic conditions and the conditions of the specific markets in which we operate, including risks related to labor shortages and rising interest rates, changes in foreign exchange rates, risks related to changing U.S. and foreign trade policies, including increased trade restrictions or tariffs, risks associated with our international operations, cybersecurity and data privacy risks, including litigation resulting therefrom, risks related to political instability, armed hostilities, incidents of terrorism, public health crises (such as the COVID-19 pandemic) or natural disasters, increased product liability and insurance costs, increased warranty exposure, future competition, changes in the supply of, or price for, parts and components, including as a result of inflation and potential supply chain constraints, environmental compliance costs and liabilities, risks and cost associated with litigation, potential write-offs of our substantial intangible assets, and risks associated with obtaining governmental approvals and maintaining regulatory compliance for new and existing products. Important risks may be discussed in current and subsequent filings with the SEC. You should not place undue reliance on any forward-looking statements. These statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

    # # #

    Roper Technologies, Inc.      
    Condensed Consolidated Balance Sheets (unaudited)    
    (Amounts in millions)      
           
      March 31, 2025   December 31, 2024
    ASSETS:      
           
    Cash and cash equivalents $ 372.8     $ 188.2  
    Accounts receivable, net   813.3       885.1  
    Inventories, net   125.5       120.8  
    Income taxes receivable   20.3       25.6  
    Unbilled receivables   135.7       127.3  
    Prepaid expenses and other current assets   237.0       195.7  
    Total current assets   1,704.6       1,542.7  
           
    Property, plant and equipment, net   150.0       149.7  
    Goodwill   19,408.2       19,312.9  
    Other intangible assets, net   8,916.9       9,059.6  
    Deferred taxes   54.7       54.1  
    Equity investment   728.2       772.3  
    Other assets   456.2       443.4  
    Total assets $ 31,418.8     $ 31,334.7  
           
    LIABILITIES AND STOCKHOLDERS’ EQUITY:      
           
    Accounts payable $ 152.8     $ 148.1  
    Accrued compensation   179.1       289.0  
    Deferred revenue   1,667.9       1,737.4  
    Other accrued liabilities   544.5       546.2  
    Income taxes payable   144.3       68.4  
    Current portion of long-term debt, net   999.4       1,043.1  
    Total current liabilities   3,688.0       3,832.2  
           
    Long-term debt, net of current portion   6,457.0       6,579.9  
    Deferred taxes   1,611.6       1,630.6  
    Other liabilities   438.6       424.4  
    Total liabilities   12,195.2       12,467.1  
           
    Common stock   1.1       1.1  
    Additional paid-in capital   3,108.7       3,014.6  
    Retained earnings   16,276.9       16,034.9  
    Accumulated other comprehensive loss   (146.8 )     (166.5 )
    Treasury stock   (16.3 )     (16.5 )
    Total stockholders’ equity   19,223.6       18,867.6  
    Total liabilities and stockholders’ equity $ 31,418.8     $ 31,334.7  
           
    Roper Technologies, Inc.      
    Condensed Consolidated Statements of Earnings (unaudited)      
    (Amounts in millions, except per share data)      
           
      Three months ended
    March 31,
        2025     2024  
    Net revenues $ 1,882.8   $ 1,680.7  
    Cost of sales   589.1     499.7  
    Gross profit   1,293.7     1,181.0  
           
    Selling, general and administrative expenses   767.9     699.7  
    Income from operations   525.8     481.3  
           
    Interest expense, net   62.9     53.2  
    Equity investments (gain) loss, net   44.4     (57.0 )
    Other expense, net   0.5     1.2  
           
    Earnings before income taxes   418.0     483.9  
           
    Income taxes   86.9     101.9  
           
    Net earnings $ 331.1   $ 382.0  
           
    Net earnings per share:      
    Basic $ 3.08   $ 3.57  
    Diluted $ 3.06   $ 3.54  
           
    Weighted average common shares outstanding:      
    Basic   107.4     107.0  
    Diluted   108.2     107.9  
                 
    Roper Technologies, Inc.              
    Selected Segment Financial Data (unaudited)              
    (Amounts in millions; percentages of net revenues)              
                   
      Three months ended March 31,
       2025     2024 
      Amount   %   Amount   %
    Net revenues:              
    Application Software $ 1,068.2       $ 895.2    
    Network Software   375.9         370.8    
    Technology Enabled Products   438.7         414.7    
    Total $ 1,882.8       $ 1,680.7    
                   
                   
    Gross profit:              
    Application Software $ 720.8   67.5 %   $ 625.7   69.9 %
    Network Software   315.6   84.0 %     316.3   85.3 %
    Technology Enabled Products   257.3   58.7 %     239.0   57.6 %
    Total $ 1,293.7   68.7 %   $ 1,181.0   70.3 %
                   
                   
    Operating profit*:              
    Application Software $ 276.8   25.9 %   $ 239.6   26.8 %
    Network Software   166.7   44.3 %     167.0   45.0 %
    Technology Enabled Products   153.6   35.0 %     136.2   32.8 %
    Total $ 597.1   31.7 %   $ 542.8   32.3 %
                   
                   
    * Segment operating profit is before unallocated corporate general and administrative expenses and enterprise-wide stock-based compensation. These expenses were $71.3 and $61.5 for the three months ended March 31, 2025 and 2024, respectively.
     
    Roper Technologies, Inc.  
    Condensed Consolidated Statements of Cash Flows (unaudited)
    (Amounts in millions)
      Three months ended
    March 31,
        2025       2024  
    Cash flows from operating activities:      
    Net earnings $ 331.1     $ 382.0  
    Adjustments to reconcile net earnings to cash flows from operating
    activities:
         
    Depreciation and amortization of property, plant and equipment   9.1       9.2  
    Amortization of intangible assets   204.0       185.0  
    Amortization of deferred financing costs   2.8       2.2  
    Non-cash stock compensation   38.8       33.6  
    Equity investments (gain) loss, net   44.4       (57.0 )
    Income tax provision   86.9       101.9  
    Changes in operating assets and liabilities, net of acquired businesses:      
    Accounts receivable   74.4       79.4  
    Unbilled receivables   (7.6 )     (12.2 )
    Inventories   (4.1 )     (7.9 )
    Prepaid expenses and other current assets   (41.3 )     (26.8 )
    Accounts payable   2.9       0.3  
    Other accrued liabilities   (107.4 )     (69.3 )
    Deferred revenue   (70.6 )     (70.5 )
    Cash income taxes paid   (29.1 )     (19.0 )
    Other, net   (5.6 )     0.6  
    Cash provided by operating activities   528.7       531.5  
           
    Cash flows used in investing activities:      
    Acquisitions of businesses, net of cash acquired   (124.9 )     (1,858.7 )
    Capital expenditures   (9.5 )     (9.3 )
    Capitalized software expenditures   (12.4 )     (9.6 )
    Other         (1.0 )
    Cash used in investing activities   (146.8 )     (1,878.6 )
           
    Cash flows from (used in) financing activities:      
    Borrowings (payments) under revolving line of credit, net   (125.0 )     1,390.0  
    Cash dividends to stockholders   (88.6 )     (80.5 )
    Proceeds from stock-based compensation, net   42.7       21.7  
    Treasury stock sales   7.2       5.8  
    Other, net   (44.1 )     (0.1 )
    Cash provided by (used in) financing activities   (207.8 )     1,336.9  
           
    Effect of exchange rate changes on cash   10.5       (5.7 )
           
    Net increase (decrease) in cash and cash equivalents   184.6       (15.9 )
           
    Cash and cash equivalents, beginning of period   188.2       214.3  
           
    Cash and cash equivalents, end of period $ 372.8     $ 198.4  
           

    The MIL Network

  • MIL-OSI: CW Petroleum Corp (OTCQB: CWPE) Reports Revenues for Year-End 2024, Q1-2025, No Effects from Tariffs

    Source: GlobeNewswire (MIL-OSI)

    Katy, Texas, April 28, 2025 (GLOBE NEWSWIRE) — CW Petroleum Corp (OTCQB: CWPE) (the “Company”), a leading provider of Specialty Renewable and Hydrocarbon Motor Fuels, today announces to its investors and future investors audited financial results for Year-End 2024, and unaudited financial results for Q1-2025. The Company currently purchases all renewable and hydrocarbon motor fuels within the USA.

    Year-End 2024

    Key Financial Highlights for Twelve Months Ended December 31, 2024, Compared to Prior Year Period:

    • 2024 Revenues of $8.00 Million vs 2023 Revenues of $9.31 Million
    • 2024 EBITDA of $150,236 vs 2023 EBITDA of $754,440
    • 2024 Net Income (loss) of $(47,478) vs 2023 Net Income of $449,293

    Report: SEC Form 1-K (Period Ending 12/31/2024)

    Q1-2025

    Key Financial Highlights for Three Months Ended March 31, 2025, Compared to Prior Year Period:

    • 2025 Revenues of $1.59 Million vs 2024 Revenues of $1.94 Million
    • 2025 EBITDA of $40,970 vs 2024 EBITDA of $32,905
    • 2025 Net Income(loss) of $(4,183) vs 2024 Net Income of $(23,713)

    Additional accurate information about the Company can be found on the OTC Markets website at the following links and on the EDGAR filing website provided by the Securities and Exchange Commission:

    CWPE Overview
    CWPE Security Detail
    CWPE Financials
    CWPE News
    CWPE Disclosures

    SEC Filings

    For additional information, visit our website at cwpetroleumcorp.com, email: investor@cwpetroleumcorp.com , or call 281-817-8099

    About CW Petroleum Corp

    CW Petroleum Corp, a Texas corporation, began operations in 2011. CW Petroleum Corp, a Wyoming corporation, was incorporated in April 2018 and has acquired the Texas corporation as a wholly-owned subsidiary. CW Petroleum Corp supplies and distributes Biodiesel, Biodiesel Blends, Renewable Gasoline, and a 92 Octane Reformulated No Ethanol Gasoline to distributors, convenience stores, marinas, and end-users. The EPA licenses the Company to create its proprietary gasoline blends. CW Petroleum Corp is licensed to distribute Diesel Fuel & Gasoline by the States of Texas, Louisiana, Oklahoma, California, Colorado, New Jersey, Maryland, Pennsylvania, and Arizona.

    Forward-Looking Statements

    Certain statements in this press release may contain “forward-looking statements” regarding future events and our future results. All statements other than statements of historical facts are statements that could be deemed to be forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the oil and gas markets, energy markets, and other markets in which we operate and the beliefs and assumptions of our management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “endeavors,” “strives,” “may,” or variations of such words and similar expressions are intended to identify such forward-looking statements. Readers are cautioned that these forward-looking statements are subject to a number of risks, uncertainties, and assumptions that are difficult to predict, estimate, or verify. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Such risks and uncertainties include those factors described in the Company’s most recent annual report on Form 1-K, which may be amended or supplemented by subsequent semiannual reports on Form 1-SA or other reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements. For more information, please refer to the Company’s filings with the Securities and Exchange Commission.

    No Offer or Solicitation

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

    The MIL Network

  • MIL-OSI: Beamr to Participate in Upcoming Investor Conferences in May 2025

    Source: GlobeNewswire (MIL-OSI)

    Beamr will present at the Ladenburg Thalmann Technology Innovation Expo in New York, and participate virtually in the Needham 1×1 Conference 

    Herzliya, Israel, April 28, 2025 (GLOBE NEWSWIRE) — Beamr Imaging Ltd. (NASDAQ: BMR), a leader in video optimization technology and solutions, today announced the Company will participate in the following investor conferences:

    Event:                   Needham Technology, Media, & Consumer 1×1 Conference
    Date:                      May 12, 2025
    Location:                Virtual
    Format:                  One-on-One Meetings
    Presenters:            Sharon Carmel, Chief Executive Officer
                                  Danny Sandler, Chief Financial Officer

    Conference Website  

    Event:                    Ladenburg Thalmann Technology Innovation Expo 25
    Date:                       May 21, 2025
    Time:                      10:30 am ET
    Location:                 New York, NY
    Presenters:             Haggai Barel, Chief Operating Officer
                                   Danny Sandler, Chief Financial Officer

    Conference Website              

    About Beamr

    Beamr (Nasdaq: BMR) is a world leader in content-adaptive video optimization, trusted by top media companies, including Netflix and Paramount. Beamr’s perceptual optimization technology (CABR) is backed by 53 patents and an Emmy® Award for Technology and Engineering winner. The innovative technology reduces video file size by up to 50% while guaranteeing quality.

    Beamr Cloud is a high-performance, GPU-accelerated video optimization and modernization service designed for businesses and video professionals across diverse industries. It is conveniently available to Amazon Web Services (AWS) and Oracle Cloud Infrastructure (OCI) customers. Beamr Cloud enables high-performance, cost-effective video modernization to advanced formats, such as AV1, and efficient AI-powered enhancements.

    For more details, please visit www.beamr.com or the investors’ website www.investors.beamr.com

    Forward-Looking Statements

    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. Forward-looking statements in this communication may include, among other things, statements about Beamr’s strategic and business plans, technology, relationships, objectives and expectations for its business, the impact of trends on and interest in its business, intellectual property or product and its future results, operations and financial performance and condition. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report filed with the SEC on March 4, 2025 and in subsequent filings with the SEC. Forward-looking statements contained in this announcement are made as of the date hereof and the Company undertakes no duty to update such information except as required under applicable law.

    Investor Contact:

    investorrelations@beamr.com

    The MIL Network

  • MIL-OSI: Clear Blue Technologies International to provide Corporate Update and Report Fiscal 2024 Financial Results and Host Conference Call on Thursday, May 1st, 2025

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 28, 2025 (GLOBE NEWSWIRE) — Clear Blue Technologies International Inc. (TSXV: CBLU) the Smart Off-Grid™ Company, today announces that it will provide a corporate update and also report financial results for its fiscal 2024 on Wednesday, April 30, 2025, after the market closes.

    Welcome to Clear Blue 2.0!

    Clear Blue has successfully completed its financial restructuring and is now positioned to move forward and execute on the opportunity ahead. The Company has been very busy. Clear Blue will host a conference call on Thursday, May 1st, at 11:00 a.m. Eastern Time, to review the financial restructuring, the Company’s 2024 results, and to provide an update on its 2025 outlook and growth plan going forward. Those interested can register at:

    Registration Link

    https://us06web.zoom.us/webinar/register/WN_yLCwKEZnTLKhrAlYtqG51g

    Final TSX-V Approval

    On April 9, 2025, the Company announced the final piece of its financial restructuring – a transaction with RE Royalties that replaced its banking loan. The TSX-V has now approved the issuance of 1,388,889 units of equity units. Each unit consists of one common share and one common share purchase warrant. Units were priced at CAD 0.18 per share, and each warrant is exercisable at CAD 0.30 for 24 months

    About Clear Blue Technologies International

    Clear Blue Technologies International, the Smart Off-Grid™ company, was founded on a vision of delivering clean, managed, “wireless power” to meet the global need for reliable, low-cost, solar and hybrid power for lighting, telecom, security, Internet of Things devices, and other mission-critical systems. Today, Clear Blue has thousands of systems under management across 37 countries, including the U.S. and Canada. (TSXV: CBLU) (FRA: 0YA) (OTCQB: CBUTF)

    Legal Disclaimer:

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    For more information, contact:

    Miriam Tuerk, Co-Founder and CEO
    +1 416 433 3952
    miriam@clearbluetechnologies.com
    www.clearbluetechnologies.com/en/investors

    The MIL Network

  • MIL-OSI: Matador Technologies Inc. Announces Symbol Change and DTC Eligibility of its Common Shares

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 28, 2025 (GLOBE NEWSWIRE) — Matador Technologies Inc. (“Matador” or the “Company”) (TSXV: MATA, OTCQB: MATAF), a Bitcoin Ecosystem company, is pleased to announce that the Company’s stock ticker symbol on the OTCQB Venture Market (the “OTCQB”) will change from “MTDTF” to “MATAF” effective as of market open on Monday, April 28, 2025. As a result of this change, “MATAF” will now be the ticker symbol for Matador’s common shares listed on the OTCQB. The change allows for improved and synchronized brand alignment for the stock and the Company. No action is required by Matador’s shareholders in connection with the ticker symbol change.

    Matador is also pleased to announce that its common shares, traded in the United States under the symbol “MATAF” on the OTCQB, are now eligible for electronic clearing and settlement through the Depository Trust Company (“DTC”). DTC eligibility simplifies the process of trading and enhances liquidity by enabling shares of Matador to be transferred electronically between brokerages in the United States. This milestone is expected to make the Company’s shares more accessible to a broader range of U.S. investors and improve overall trading efficiency.

    “We are pleased to have secured DTC eligibility, which represents another important step in expanding our presence in U.S. capital markets,” said Deven Soni, Chief Executive Officer of Matador Technologies. “This development aligns with our broader strategy to increase shareholder visibility and enhance liquidity as we continue to build an innovative platform at the intersection of Bitcoin and physical gold.”

    Matador remains focused on the development and upcoming launch of its Digital Gold Platform, which pairs physical gold with digital art inscriptions on the Bitcoin blockchain using Ordinals technology.

    For additional information, please contact:

    Media Contact:
    Sunny Ray
    President
    Email: sunny@matador.network

    Phone: 647-932-2668

    About Matador Technologies Inc.
    Matador Technologies Inc. leverages blockchain technology to digitize real-world assets like gold. Focused on building innovative financial solutions, Matador is at the forefront of integrating blockchain technology to preserve and grow value. Matador’s digital gold platform aims to democratize the gold buying experience, combining the best of modern technology and time-proven assets, to create a platform that will allow users to buy, sell, and store gold 24/7 in a convenient and engaging way.

    Cautionary Statement Regarding Forward-Looking Information

    NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

    Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including risks associated with the implementation of the Company’s treasury management strategy and the launch of its mobile application as currently proposed or at all. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including with respect to the potential acquisition of Bitcoin and/or US dollars, the pricing of such acquisitions and the timing of future operations. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

    The MIL Network

  • MIL-OSI: Prairie Operating Co. Begins Completion of the Opal Coalbank Pad, Acquired from Bayswater

    Source: GlobeNewswire (MIL-OSI)

    Opal Coalbank consists of nine DUC wells on track for production this summer

    Previously announced drilling of Rusch Pad ahead of schedule

    Recently announced strategic hedging program “in the money” by ~$70 million

    HOUSTON, TX, April 28, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) – an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin – today announced it is beginning completions of nine previously drilled but uncompleted (“DUC”) wells acquired in the recent Bayswater transaction. 

    “We are encouraged to see continued strong progress across our operational and financial initiatives,” said Edward Kovalik, Chairman and CEO of Prairie. “The completion of the Opal Coalbank pad, in combination with the development of the Rusch Pad, exemplifies our commitment to growing production. The well-timed execution of our hedging program, now materially “in the money”, provides the financial stability needed to execute these growth projects while protecting our downside in a volatile market. As we move forward, we remain focused on operational excellence, disciplined capital allocation, and long-term shareholder value creation.”

    Opal Coalbank Development: Unlocking Near-Term Cash Flow with Future Upside

    The Opal Coalbank project spans two distinct DSUs and is currently in partial development, leveraging nine drilled but uncompleted (DUC) wells acquired from Bayswater. This phase of the project is focused on unlocking immediate cash flow through the completion of the existing DUCs—targeting six in the Codell and three in the Niobrara B.

    Completions are set to begin in May, using Prairie’s tailored design optimized through multivariate and geo-mechanical analysis. Production is on track to commence by summer. The broader Opal Coalbank project offers significant future upside as Prairie evaluates additional developments across both DSUs.

    Rusch Pad: 11-Well Development Ahead of Schedule

    On April 2, 2025, Prairie announced the launch of an 11-well development program at the Rusch Pad, utilizing one of Precision premier rigs in the basin. The program includes two-mile lateral wells alternating between the Niobrara A, B, and C Chalks and the Codell Sandstone. As of today, three wells have been successfully drilled and cased, with the fourth currently being drilled. Drilling is expected to be completed by early June, with hydraulic fracturing commencing shortly thereafter and first production anticipated in early August.

    The use of Precision’s premier rig has resulted in faster cycle times and significant emissions reductions due to its ability to operate on multiple forms of electric power. This early execution sets the tone for the overall development program, showcasing Prairie’s commitment to operational excellence and cost-efficient production.

    Hedging Program Locks in Strong Cash Flow

    Prairie’s strategic hedging program, executed prior to the recent pullback in commodity prices, now holds  mark-to-market “in the money” value of approximately $70 million, providing strong cash flow stability and pricing certainty for the Company.

    The program covers approximately 85% of Prairie’s remaining daily production for 2025, locking in prices at $68.27 per barrel WTI and $4.28 per MMBtu Henry Hub. For the period from 2026 through Q1 2028, the hedges secure pricing at $64.29 per barrel WTI and $4.09 per MMBtu Henry Hub. This disciplined hedge portfolio enhances visibility while mitigating market risk.

    About Prairie Operating Co.

    Prairie Operating Co. is a Houston-based publicly traded independent energy company engaged in the development and acquisition of oil and natural gas resources in the United States.  The Company’s assets and operations are concentrated in the oil and liquids-rich regions of the Denver-Julesburg (DJ) Basin, with a primary focus on the Niobrara and Codell formations.  The Company is committed to the responsible development of its oil and natural gas resources and is focused on maximizing returns through consistent growth, capital discipline, and sustainable cash flow generation.  More information about the Company can be found at www.prairieopco.com.

    Forward-Looking Statement

    The information included herein and in any oral statements made in connection herewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  All statements, other than statements of present or historical fact included herein, are forward-looking statements. When used herein, including any oral statements made in connection herewith, the words “strive”, “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on the Company’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. The Company cautions you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. There may be additional risks not currently known by the Company or that the Company currently believes are immaterial that could cause actual results to differ from those contained in the forward-looking statements. Additional information concerning these and other factors that may impact the Company’s expectations can be found in the Company’s periodic filings with the Securities and Exchange Commission (the “SEC”), including the Company’s Annual Report on Form 10-K filed with the SEC on March 6, 2025, and any subsequently filed Quarterly Report and Current Report on Form 8-K. The Company’s SEC filings are available publicly on the SEC’s website at www.sec.gov.

    Investor Relations Contact:
    Wobbe Ploegsma
    info@prairieopco.com 
    832.274.3449

    The MIL Network

  • MIL-OSI: Benevity Appoints Industry’s First Chief Artificial Intelligence Officer

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, April 28, 2025 (GLOBE NEWSWIRE) — Benevity Inc. today announced the appointment of Ian Goldsmith as Chief Artificial Intelligence (AI) Officer, the first such dedicated role in the corporate social responsibility (CSR) and social impact software industry.

    With more than 30 years of experience in product and data leadership, Goldsmith will lead the strategic deployment of artificial intelligence throughout Benevity’s Enterprise Impact Platform, revolutionizing its capabilities. His focus will include machine learning, AI-powered analytics, and generative AI to create transformative, scalable solutions that help companies realize greater business and societal value from their purpose initiatives.

    “Ian’s appointment marks a significant milestone in the Benevity journey to reimagine what’s possible as we pioneer responsible AI innovation,” said Chris Maloof, CEO, Benevity. “This focus will further help organizations create lasting value by connecting business goals with purpose outcomes. AI is central to Benevity’s core strategy and we fundamentally believe it will be transformative for the CSR industry and social impact. We are excited to take the lead.”

    Goldsmith will work closely with Benevity’s global community of more than 900 clients and other thought leaders to design AI-powered solutions to solve real-world challenges at scale.

    “Benevity has such an incredible history of innovation in CSR technology and stands out as a company with a powerful mission to help businesses and people do more good in the world,” said Ian Goldsmith, Chief AI Officer, Benevity. “I’m thrilled to join the company and accelerate that impact by enabling new ways of doing good that support strong business outcomes.”

    Prior to joining Benevity, Goldsmith held senior leadership roles at MeridianLink, Waycare, and Akana. Goldsmith has advanced AI strategy for global brands while staying committed to responsible AI innovation and continuous learning. His work has delivered meaningful change with thoughtful integration of AI capabilities in product, data, and user experience across industries including technology, finance, and transportation. Goldsmith holds a Master’s degree in Computer Science from the University of Cambridge.

    About Benevity
    Benevity, a certified B Corporation, is the leading global provider of social impact software, providing the only integrated suite of community investment and employee, customer and nonprofit engagement solutions. Recognized as one of Fortune’s Impact 20, Benevity offers cloud solutions that power purpose for many iconic brands in ways that better attract, retain and engage today’s diverse workforce, embed social action into their customer experiences and positively impact their communities. With software that is available in 22 languages, Benevity has processed more than $15 billion in donations and 79 million hours of volunteering time to support 470,000 nonprofits worldwide. The company’s solutions have also facilitated 1.3 million micro-actions and managed 845,000 grants worth $16 billion. For more information, visit benevity.com.

    Media Contact:
    Indrani Ray │ Press & Analyst Relations │ 1.647.574.9559 │ press@benevity.com

    A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/07d31d2c-1ec1-40c4-a342-0af453bb0bc7

    The MIL Network

  • MIL-OSI: EBC Financial Group Deepens Commitment to United to Beat Malaria with Renewed Global Partnership and First-Ever 5K Run Sponsorship

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, April 28, 2025 (GLOBE NEWSWIRE) — As the world marks World Malaria Day 2025 under the theme “Malaria Ends With Us: Reinvest, Reimagine, Reignite,” EBC Financial Group (EBC) is renewing its global partnership with the United Nations Foundation’s United to Beat Malaria campaign. Now entering its second year of collaboration, EBC is scaling up its impact through increased corporate sponsorship, cross-border employee mobilisation to raise awareness, and direct investment in frontline health tools that save lives.

    From a shared belief that no child should die from a mosquito bite, EBC is transforming its role from ally to active advocate—supporting both the global systems that drive malaria eradication and the grassroots initiatives that protect the world’s most vulnerable communities. As part of this commitment, EBC is stepping up as a first-time corporate sponsor of the Move Against Malaria 5K 2025 event, mobilising many in a global movement to raise awareness for one of the world’s deadliest—yet entirely preventable—diseases.

    “In 2024, we stood in solidarity. In 2025, we stand in action,” said David Barrett, CEO of EBC Financial Group (UK) Ltd. “This campaign is now embedded into our leadership strategy and employee culture. This is not a moment, it’s a movement.”

    EBC’s Commitment to Global Health Equity is a Shared Mission
    To mark this renewed partnership, Barrett sat down with Margaret McDonnell, Executive Director of United to Beat Malaria, for a candid 40-minute fireside chat. Their conversation explored the urgent need for global solidarity, the personal and professional impact of the campaign, and why EBC has chosen to walk alongside this cause—literally and figuratively.

    “The first year for me was a complete revelation in terms of how advocacy for this mission worked—not only in America but globally,” said Barrett. “This year, it was different. The politics have shifted, and the challenges have changed. But if anything, that makes this mission even more important.”

    As a global financial institution with operations in Africa, Latin America, and Asia—regions disproportionately affected by malaria—EBC views this fight as both urgent and deeply personal.

    “We have offices in Africa, Latin America, and Asia where malaria is a very real, on-ground problem. Supporting this campaign is a natural progression, resonating with our people and the communities we work in,” Barrett said. “At the beginning, it was something of interest. But the more you learn about the lives this movement has saved, the more you realise you’ve got to keep going.”

    McDonnell echoed the importance of having private sector allies like EBC on board, praising the company’s commitment to both the summit and the broader mission. “We appreciate that a company like EBC—though not in public health—recognises the impact of malaria on your workforce, clients, and communities,” said McDonnell. “Malaria isn’t just a health issue. It’s an economic issue, a workforce issue, and a strategic global issue.”

    Barrett also emphasised the ripple effect of even small funding disruptions: “If you break that chain, the progress and investment just unravel. These initiatives require macro thinking. If we keep looking only at the next quarter, we risk losing decades of momentum,” he added.

    Raising Voices at the 2025 United to Beat Malaria Annual Leadership Summit
    In March 2025, Barrett and EBC’s APAC Director of Operations, Samuel Hertz, joined over 120 passionate advocates at the United to Beat Malaria Annual Leadership Summit in Washington, D.C.—a three-day gathering of Champions, policymakers, scientists, students, and private sector leaders united by a common goal: ending malaria for good.

    The summit culminated in direct advocacy on Capitol Hill, where Barrett and Hertz met with members of Congress to push for full funding of the President’s Malaria Initiative (PMI), the Global Fund to Fight AIDS, Tuberculosis and Malaria, and the UN’s malaria-related programs. EBC stood with a network of global partners, amplifying the message that stable investment and strategic collaboration are essential to driving continued progress, alongside Beat Malaria Champions, a highlight of the summit.

    “What stood out most was the passion of the Champions,” said Barrett. “From students to scientists, their energy is contagious. They’re not just learning—they’re leading. And that gives me hope that a healthier, more just world is truly possible.”

    Hertz added, “Being able to walk into the halls of Congress alongside these dedicated Champions—people who are educating communities, building coalitions, and pushing policy forward—was a powerful reminder that advocacy works. EBC was proud to represent the private sector in this movement, and even prouder to walk beside the changemakers driving it.”

    More Than a Run: EBC Rallies a Worldwide Workforce to Move Against Malaria
    EBC is once again joining the global Move Against Malaria 5K—a virtual challenge running from April 25 to May 10 that invites participants around the world to walk, run, cycle, or move in any way to support malaria prevention efforts.

    While EBC actively participated in the campaign last year, 2025 marks the company’s first year as an official corporate sponsor, highlighting its deepened commitment to both advocacy and action. This step forward reflects EBC’s evolving role in supporting frontline initiatives and raising awareness, with more than 200 EBC employees across the UK, Asia, Africa, and Latin America pledging to take part—mobilising teams, engaging their communities—and helping to raise vital funds.

    Fuelling Frontline Impact through Purposeful Investment
    EBC is directing its investment toward life-saving malaria interventions, including insecticide-treated bed nets, rapid diagnostic tests, and antimalarial treatments. These contributions will be directed toward frontline health programs in Sub-Saharan Africa, Latin America and the Caribbean regions that bear the highest burden of malaria worldwide.

    “This partnership goes beyond corporate philanthropy, it reflects a shared mission to protect the world’s most vulnerable populations,” said McDonnell.

    Aligned with its broader Corporate Social Responsibility (CSR) and Environmental, Social, and Governance (ESG) strategies, EBC continues to explore deeper collaborations with UN-affiliated organisations and global health partners to maximise its impact in the developing world. “As a global financial institution, we recognise that sustainable growth is inseparable from global well-being,” added Hertz. “In the fight against malaria, we are not only donors—we are advocates, allies, and catalysts for change.”

    In 2024 alone, United to Beat Malaria helped protect over 1.67 million people from malaria across vulnerable communities worldwide—an achievement made possible through the collective support of partners like EBC Financial Group. Registrations and donations are available via https://fundraise.unfoundation.org/event/move-against-malaria-5k-2025/e654861.

    These efforts spanned five high-risk African nations—DR Congo, Ethiopia, Nigeria, South Sudan, and Uganda—and supported malaria elimination programs across 20 Latin American and Caribbean countries, where vulnerable populations continue to face daily risks due to limited healthcare access, displacement, and ongoing conflict.

    Yet the fight is far from over. According to the World Health Organization (WHO)’s World Malaria Report 2024, malaria sickened an estimated 263 million people and claimed more than 597,000 lives—most of them children under the age of five. These are lives we can save—with continued global action, private sector leadership, and unwavering support from the international community.

    Together, with the United to Beat Malaria campaign, EBC is proud to stand at the forefront of a global movement to end malaria for good. For more information about EBC Financial Group’s CSR initiatives, please visit www.ebc.com/ESG.

    About EBC Financial Group

    Founded in London’s esteemed financial district, EBC Financial Group (EBC) is renowned for its expertise in financial brokerage and asset management. With offices in key financial hubs—including London, Sydney, Hong Kong, Singapore, the Cayman Islands, Bangkok, Limassol, and emerging markets in Latin America, Asia, and Africa—EBC enables retail, professional, and institutional investors to access a wide range of global markets and trading opportunities, including currencies, commodities, shares, and indices.

    Recognised with multiple awards, EBC is committed to upholding ethical standards and these subsidiaries are licensed and regulated within their respective jurisdictions. EBC Financial Group (UK) Limited is regulated by the UK’s Financial Conduct Authority (FCA); EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA); EBC Financial Group (Australia) Pty Ltd, and EBC Asset Management Pty Ltd are regulated by Australia’s Securities and Investments Commission (ASIC); EBC Financial (MU) Ltd is authorised and regulated by the Financial Services Commission Mauritius (FSC).

    At the core of EBC are a team of industry veterans with over 40 years of experience in major financial institutions. Having navigated key economic cycles from the Plaza Accord and 2015 Swiss franc crisis to the market upheavals of the COVID-19 pandemic. We foster a culture where integrity, respect, and client asset security are paramount, ensuring that every investor relationship is handled with the utmost seriousness it deserves.

    As the Official Foreign Exchange Partner of FC Barcelona, EBC provides specialised services across Asia, LATAM, the Middle East, Africa, and Oceania. Through its partnership with the UN Foundation and United to Beat Malaria, the company contributes to global health initiatives. EBC also supports the ‘What Economists Really Do’ public engagement series by Oxford University’s Department of Economics, helping to demystify economics and its application to major societal challenges, fostering greater public understanding and dialogue.

    https://www.ebc.com/

    About UN Foundation’s United to Beat Malaria

    For over 25 years, the UN Foundation has built novel innovations and partnerships to support the United Nations and help solve global problems at scale. As an independent charitable organization, the Foundation was created to work closely with the United Nations to address humanity’s greatest challenges and drive global progress. Learn more at www.unfoundation.org.

    The UN Foundation’s United to Beat Malaria campaign brings together key and diverse partners and supporters to take urgent action to end malaria and create a healthier, more equitable world. Since 2006, United to Beat Malaria has worked to equip and mobilize citizens across the U.S. and around the world to raise awareness, funds and voices. The campaign works with partners in endemic countries to channel life-saving resources to protect the most marginalized and vulnerable populations. By championing increased leadership, political will and resources from the U.S. and beyond, as well as more holistic, innovative tools and strategies, we can be the generation that ends malaria once and for all.

    Learn more at www.beatmalaria.org.

    Media Contact:
    Savitha Ravindran
    Global Public Relations Manager
    savitha.ravindran@ebc.com

    Chyna Elvina
    Global Public Relations Manager
    chyna.elvina@ebc.com

    Michelle Siow
    Brand Director
    michelle.siow@ebc.com

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/d08d69f6-099b-47e6-a289-c4c8b0630935
    https://www.globenewswire.com/NewsRoom/AttachmentNg/2b4f4ac8-593b-417c-89c8-286a1b0f9731
    https://www.globenewswire.com/NewsRoom/AttachmentNg/b6d511c0-f811-4390-88b0-321f0bb04158

    The MIL Network

  • MIL-OSI: NANO Nuclear Announces Full Dismissal of Nevada Lawsuit

    Source: GlobeNewswire (MIL-OSI)

    New York, N.Y., April 28, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced that on Thursday, April 24, 2025, a Las Vegas judge granted in full two motions to dismiss brought by NANO Nuclear Energy Inc. and its officers and directors in a putative shareholder derivative action entitled Latza v. Walker, et al., Case No. A-24-900423-B, Clark County, Nevada District Court.

    “We are extremely pleased that this case has been so promptly adjudicated and dismissed in its entirety,” said Jay Yu, Founder and Chairman of NANO Nuclear. “This ruling will allow us to devote more of our time and attention to NANO Nuclear’s primary mission of becoming the leading commercially focused advanced nuclear energy technology company in America. We thank our legal team at Ellenoff Grossman & Schole for their insight and hard work in achieving this result.”

    About NANO Nuclear Energy, Inc.

    NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

    Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include patented KRONOS MMR™ Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, and the space focused, portable LOKI MMR, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

    Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

    HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

    NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.

    For more corporate information please visit: https://NanoNuclearEnergy.com/

    For further NANO Nuclear information, please contact:

    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206

    PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:

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    Cautionary Note Regarding Forward Looking Statements

    This news release and statements of NANO Nuclear’s management in connection with this news release and such presentation contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. In this press release, forward-looking statements may include those related to the anticipated future benefits to NANO Nuclear of the case dismissal described herein, which ruling remains subject to appeal. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) or related state or non-U.S. nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, and (vi) litigation risks and similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    The MIL Network

  • MIL-OSI Video: Peacekeeping: Berlin Ministerial (13-14 May) to Shape Future Missions and Reforms | United Nations

    Source: United Nations (Video News)

    Peacekeeping Chief Jean-Pierre Lacroix today (24 Apr) told reporters in New York that the Peacekeeping Ministerial 2025, taking place in Berlin on 13-14 May, will be “a very important opportunity” for the UN and Member States to determine how to address challenges to ensure peacekeeping remains an “important, viable, credible and effective tool of the United Nations and multilateralism in the future.”

    Lacroix said another issue to be discussed will be “how we can make peacekeeping more cost effective, because we are aware that we are operating, and we will be operating under increasingly severe financial constraints.”

    He confirmed that Secretary-General António Guterres “will be participating in the Berlin meeting in two weeks’ time.”

    Joining Lacroix, Germany’s State Secretary at the Federal Ministry of Defence, Nils Hilmer said, “we are convinced that UN peacekeeping has proven to be one of the most important tools the international community has an international crisis management. However, we still face many challenges with regards to changing conflict dynamics, disinformation campaign, or targeting missions. Hence, it is all the more important to discuss about the future of peacekeeping.”

    Hilmer said, “we want to provide a forum for Member States to discuss how we can continue making UN peacekeeping strong, effective and fit for the future,” adding that “by participating at the Berlin Ministerial, delegations can underline their political support for UN peacekeeping, contribute to closing critical capability gaps, and reinvigorate UN peacekeeping reform efforts.”

    The results of the discussions, he said, “will provide important input to the UN Secretary-General’s review on the future of all forms of peace operations mandated in the Pact for the Future.”

    The goal of the Berlin Ministerial, Hilmer explained, will be to “ensure UN peacekeeping remains at a sufficient level of preparedness for both current and potential future missions, and we want to increase overall mission effectiveness while enhancing safety and security of our personnel deployed.”

    Germany’s Director-General for International Order, United Nations, and Disarmament at the Federal Foreign Office, Katharina Stasch, said the Berlin Ministerial’s aim, “is really to provide a follow up to the Pact for the Future. Actions must follow words.”

    Responding to journalists’ questions, Lacroix said, “the United States is and has always been a very important part, and I should say, also a very important supporter of peacekeeping operation throughout the years. And we look forward to continuing cooperation with the United States. Now, when it comes to finances, I think that in any case, we are looking at times where financial resources will be limited. I think a very important challenge, to all of us really, is how we can improve the cost efficiency of peacekeeping.”

    He said, “we operate on mandates, you know, those mandates are given to us by Member States, by the Security Council. We keep telling our Member States, please prioritize those mandates. You know, make sure that, you know, we know what are the key mandated tasks from your point of view that we have to implement. And then please give us an adequate level of resources, and please pay on time and in full.”

    Leading up to the 80th anniversary of the United Nations and marking the 10-year anniversary of the Leaders’ Summit on Peacekeeping, the 2025 Berlin UN Peacekeeping Ministerial is the latest in a series of meetings held at the Head of State, Government, or Ministerial level.

    The UN Peacekeeping Ministerial will serve as a high-level political forum to discuss the future of peacekeeping and for Member States to express and demonstrate their political support. It will also provide a platform for delegations to announce substantial pledges in support of closing capability gaps and adapting peace operations to better respond to existing challenges and new realities, in line with the pledging guide.

    https://www.youtube.com/watch?v=yDTwQDb56gU

    MIL OSI Video

  • MIL-OSI Europe: Written question – The upgrading of the EU’s repressive mechanisms through ProtectEU at the expense of the people and their struggles against its war plans – E-001566/2025

    Source: European Parliament

    Question for written answer  E-001566/2025
    to the Commission
    Rule 144
    Kostas Papadakis (NI)

    The ‘European Internal Security Strategy’ (ProtectEU), along with the ‘White Paper’, the ‘Preparedness Strategy’ and the ‘European Democracy Shield’, complete the armouring of the EU framework for EU war preparation in the context of intensifying competition with China and Russia but even also the US – the simultaneous confrontation of the ‘enemy within’ for repression at the expense of the people.

    In view of this:

    • 1.What is the Commission’s position on the fact that the protection of ‘critical infrastructure’ in the context of war preparations bears no relation to the real needs of the people for civil protection, such as flood and fire protection measures, which have for a long time demonstrably not been included among the priorities of the EU and bourgeois governments, as they do not guarantee immediate profits for monopoly groups, in contrast to the war industry for which good money is paid by the people?
    • 2.What is the Commission’s position on the fact that infrastructure that is truly critical for the people, such as highways, bridges, railways, etc., is, due to the priority given to the war economy and ‘military mobility’, being devalued and condemned to decline without the required funding from the EU and governments, resulting in great risks to the safety and lives of passengers and workers, but at the same time the transport of NATO war cargo constitutes a risk to life and the potential cause of a large-scale accident?
    • 3.What is the Commission’s position on the fact that the upgrading of the role of the EU’s repressive mechanisms, as reflected in the ‘security strategy’, signals an intensification of the attack on the people and the suppression of workers’ and popular mobilisations against its war plans?

    Submitted: 17.4.2025

    Last updated: 28 April 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – Pensions and fiscal plan – E-001553/2025

    Source: European Parliament

    Question for written answer  E-001553/2025
    to the Commission
    Rule 144
    Fernando Navarrete Rojas (PPE), Dolors Montserrat (PPE)

    The Commission and the Council have approved Spain’s medium-term fiscal plan, which sets an expenditure path consistent with reducing debt. However, on 31 March 2025, Spain’s Independent Authority for Fiscal Responsibility (IAFR) published its assessment of the pension system expenditure rule. In the assessment, it warns about increased financing requirements and questions the sustainability of public finances.

    The fiscal plan was drawn up on the basis of an increase in social contributions of 1.8 % of GDP, which would reduce the adjustments needed to keep debt on a downward trajectory and allow for greater growth in net expenditure compared to the Commission’s path.

    Nevertheless, the IAFR notes that, as the closure clause is not triggered, those increases will not apply in the short term. Instead, transfers from the central administration will need to be increased by 2.4 percentage points of GDP. Doing so will cause debt to rise and changes the key assumptions behind the fiscal plan.

    In the light of the above:

    In accordance with the Commission’s DSA model, in the wake of the IAFR’s new estimates regarding pension spending, is Spain’s approved expenditure path still in line with the debt reduction required?

    Submitted: 16.4.2025

    Last updated: 28 April 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Highlights – The 2 Pillar framework in view of international developments and the EU-US relations – Subcommittee on Tax Matters

    Source: European Parliament

    On 15 May 2025, from 11:15 to 12:30, the FISC Subcommittee will host a public hearing on “The implementation of the 2 Pillar framework in view of international developments and the EU-US relations”.

    With the change of government in the United States, the hearing will assess the implications for the EU’s approach to global tax governance and explore the implementation of the OECD’s 2-Pillar framework. This framework aims to address global tax challenges by ensuring that multinational corporations pay at least a minimum level of taxes and contribute their fair share to public finances in the countries where they operate.

    Additionally, the discussion will examine how these developments influence ongoing tax negotiations at the UN level and what role the EU can play in shaping a fair and sustainable global tax system. The hearing will provide an opportunity a platform for experts to assess the current state of international tax cooperation and discuss potential avenues for future reforms.

    MIL OSI Europe News

  • MIL-OSI Europe: Hearings – The 2 Pillar framework in view of international developments and the EU-US relations – 15-05-2025 – Subcommittee on Tax Matters

    Source: European Parliament

    On 15 May 2025, from 11:15 to 12:30, the FISC Subcommittee will host a public hearing on “The implementation of the 2 Pillar framework in view of international developments and the EU-US relations”.

    With the change of government in the United States, the hearing will assess the implications for the EU’s approach to global tax governance and explore the implementation of the OECD’s 2-Pillar framework. This framework aims to address global tax challenges by ensuring that multinational corporations pay at least a minimum level of taxes and contribute their fair share to public finances in the countries where they operate.

    Additionally, the discussion will examine how these developments influence ongoing tax negotiations at the UN level and what role the EU can play in shaping a fair and sustainable global tax system. The hearing will provide an opportunity a platform for experts to assess the current state of international tax cooperation and discuss potential avenues for future reforms.

    MIL OSI Europe News

  • MIL-OSI Europe: REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2017/1938 as regards the role of gas storage for securing gas supplies ahead of the winter season – A10-0079/2025

    Source: European Parliament

    DRAFT EUROPEAN PARLIAMENT LEGISLATIVE RESOLUTION

    on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2017/1938 as regards the role of gas storage for securing gas supplies ahead of the winter season

    (COM(2025)0099 – C10‑0041/2025 – 2025/0051(COD))

    (Ordinary legislative procedure: first reading)

    The European Parliament,

     having regard to the Commission proposal to Parliament and the Council (COM(2025)0099),

     having regard to Article 294(2) and Article 194(2) of the Treaty on the Functioning of the European Union, pursuant to which the Commission submitted the proposal to Parliament (C10‑0041/2025),

     having regard to Article 294(3) of the Treaty on the Functioning of the European Union,

     having regard to the opinion of the European Economic and Social Committee of 26 March 2025[1],

     having regard to the opinion of the Committee of the Regions of …[2],

     having regard to Rule 60 of its Rules of Procedure,

     having regard to the report of the Committee on Industry, Research and Energy (A10-0079/2025),

    1. Adopts its position at first reading hereinafter set out;

    2. Calls on the Commission to refer the matter to Parliament again if it replaces, substantially amends or intends to substantially amend its proposal;

    3. Instructs its President to forward its position to the Council, the Commission and the national parliaments.

     

    Amendment  1

    AMENDMENTS BY THE EUROPEAN PARLIAMENT[*]

    to the Commission proposal

    ———————————————————

     

    REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL

    Amending Regulation (EU) 2017/1938 as regards the role of gas storage for securing gas supplies ahead of the winter season

    THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,

    Having regard to the Treaty on the Functioning of the European Union, and in particular Article 194(2) thereof,

    Having regard to the proposal from the European Commission,

    After transmission of the draft legislative act to the national parliaments,

    Acting in accordance with the ordinary legislative procedure,

    Whereas:

    (1) Regulation (EU) 2022/1032 of the Parliament and of the Council[3] was adopted in reaction to the gas-supply crisis and unprecedented price increases caused by the escalation of the Russia’s ongoing unjustified and unprovoked war of aggression against Ukraine since February 2022, impelling the Union to act in a coordinated and comprehensive manner to avoid potential risks resulting from further gas-supply disruptions.

    (2) Regulation (EU) 2022/1032 amended Regulation (EU) 2017/1938 by introducing a temporary legal framework for measures regarding the filling level of underground storage facilities to strengthen the security of gas supply in the Union, in particular gas supplies to protected customers.

    (3) Gas-storage facilities provide for 30% of the Union’s gas consumption during the winter months, and well-filled underground gas-storage facilities as well as gas demand reduction contribute substantially to the security of gas supply by providing additional gas in the event of high demand or supply disruptions.

    (4) The laying down of a mandatory target to ensure that gas-storage facilities are 90% full by 1 November (filling target), with a series of intermediate targets for each Member State in February, May, July and September of the following year ▌(filling trajectory), proved to be fundamental during the energy crisis sparked by Russia’s war of aggression against Ukraine and Russia’s weaponisation of its gas supplies in both: (i) weathering the gas-supply shortages; and (ii) reducing market uncertainties and price volatility.

    (5) Despite the substantial improvement of the gas market situation compared to the period 2022-2023 ▌, the European gas market remains tight and the geopolitical situation remains unclear. More intense competition for global LNG supplies can increase Member States exposure to price volatility. ▌In such situation, the role of gas storages remains paramount. ▌

    (6) Pursuant to Regulation (EU) 2017/1938 the obligation of the Member States to follow an annual filling trajectory and to ensure that the filling target is achieved by 1 November of each year expires on 31 December 2025.

    (6a) Since 2022, the Union has substantially succeeded in making gas supplies more secure by increasing LNG imports from trustworthy global partners and is aiming to fully eliminate the Union’s reliance on Russian fossil fuels, building on the progress of REPowerEU. The Union has developed new regasification facilities and port terminals, while also establishing a liquid gas market that ensures strong resilience against potential disruptions in the remaining Russian pipeline supplies.

    (6b) The changed global political environment has to be taken into account with regard to the reliability of the gas suppliers and gas supplying countries.

    (7) In the light of the European success to derisk its gas import structure, the overall framework to meet the Union’s need for natural gas must strike a balance between energy security and the return to market-based principles. It must thus be flexible enough during the filling season to allow a swift reaction to constantly changing market conditions and in particular to take advantage of the best purchasing conditions in order to bring down gas prices in Europe. The filling target should therefore be lowered to 83 %

    (8) To enhance market stability and mitigate the risk of undue price volatility potentially triggered by intermediary filling targets, it is appropriate to provide increased flexibility for storage filling. Member States should therefore provide indicative filling plans on a yearly basis that could include where appropriate an indicative filling trajectory and should allow for storage filling in such a way that there is sufficient flexibility available for market participants throughout the year, taking into account Recommendation (2025)1481.

    (8a) Member States should have the possibility to deviate by up to four percentage points from the filling target in the case of unfavourable market conditions, relating, inter alia, to factors such as supply and demand and competition, or of trading activities hindering cost-effective storage filling, that significantly limit the ability to ensure that the gas storages are filled in accordance with this Regulation.

    (8b) Moreover, the Commission should be empowered to adopt delegated acts to amend for one filling season the level of the allowed deviation of four percentage points by increasing it by up to an additional four percentage points, in the case of persistent unfavourable market conditions.

    (8c) The cumulative effects of the flexibilities and derogations in this Regulation should not bring down the overall storage filling obligations under 75 %.

    (9) The Commission’s assessment of the current energy-security framework has confirmed the positive impact of the storage-filling requirements on the security of gas supply and those positive effects should be preserved beyond 2025. Extending these measures would not only contribute to the continued safeguarding of supply security, but would also constitute a key instrument in the Union’s efforts to eliminate its dependence on imports of gas originating in the Russian Federation.

    (9a) At the same time this Regulation should respond to current and future changes in the natural gas markets and contribute to the strategic objective of bringing down energy prices and facilitate the gradual return towards market-based mechanisms for storage refilling.

    (9b) In order to maintain the security of supply and the appropriate level of filling, the Commission should continuously monitor the market and explore ways that could help meet the filling target, for example using demand aggregation and joint purchasing mechanisms.

    (10) It is therefore necessary to extend by two years the relevant gas storage filling provisions that provide predictability and transparency as to the utilisation of gas-storage facilities across the Union while at the same time introducing some flexibility into this Regulation.

    (10a) In line with the Commission’s commitment to better regulation and simplification, and reflecting the overall improvement in the Union’s energy security framework, the monitoring of compliance with this Regulation should place greater trust in the Member States’ administrative capacities. The supervisory burden on the Commission should be reduced accordingly, with a shift towards lighter-touch reporting obligations and streamlined procedures. This approach reinforces the principle of subsidiarity, avoids unnecessary administrative complexity, and is consistent with the Commission’s simplification efforts as outlined in its Work Programme 2025.

    (10b) Regulation (EU) 2017/1938 should be revised by the Commission in due time and before 2027 to be adapted to the evolving energy landscape and to reflect the future needs for gas storage. Among other issues, any amendments should address the limitations of the current definition of “protected customers”, the prevention of speculation on the gas markets and speculative activities that artificially inflate prices, the role of energy efficiency measures leading to verifiable gas demand reduction and how this could be used for further flexibilities by Member States and consider the framework under an evolving energy mix that will have an increased role of alternative sources to gas such as renewable energy sources, hydrogen together with the role of energy efficiency.

    (11) Regulation (EU) 2017/1938 should therefore be amended accordingly,

    HAVE ADOPTED THIS REGULATION:

    Article 1

    Amendment to Regulation (EU) 2017/1938

     

    ▌Regulation (EU) 2017/1938 is amended as follows:

    (1) in Article 2, point 27 is deleted;

    (2) Article 6a is amended as follows:

    (a) the title is replaced by the following: ‘Filling target’;

    (b) in paragraph 1, the first subparagraph is replaced by the following:

    ‘1. Subject to paragraphs 2 to 5, Member States shall meet the filling target of 83 % for the aggregated capacity of all underground gas storage facilities that are located on their territory and directly interconnected to a market area in their territory and for storage facilities listed in Annex Ib at any point in time between 1 October and 1 December each year.’;

    (c) the following paragraphs are inserted:

    ‘5a.  Notwithstanding paragraph 1 and without prejudice to the obligation of other Member States to fill the underground gas storage facilities concerned, Member States may decide to deviate by up to four percentage points, from the filling target set out in paragraph 1 for each Member State if market conditions are unfavourable for filling underground gas storage facilities.

    5b. In duly justified cases of persistent unfavourable market conditions, and provided that the security of supply of the Union and the Member States is not undermined, the Commission is empowered to adopt delegated acts in accordance with Article 19 to amend this Regulation by increasing the allowed deviation for Member States, as laid down in paragraph 5a by up to 4 percentage points.

    In its assessment, the Commission shall in particular take into account the level of storage filling in the Member States, global gas supply, ENTSOG’s seasonal supply outlook, and indications of market manipulation. It may also take into consideration Member State measures, such as the deployment of gas demand-reduction measures for gas that achieve equivalent gas reductions during the following withdrawal season.

    5c. Member States referred to in paragraph 2 may under the same conditions as those provided for in paragraph 5a decide to deviate by up to 1,55 % below the volume set out in paragraph 2.

    5d. Before using any of the deviations provided for in paragraphs 5a and 5c, each Member State shall consult the Commission and provide without undue delay a justification for its decision. The Commission shall promptly inform the GCG about the cumulative effects of all deviations pursuant to paragraphs 5a and 5c and any directly affected Member States.’;

    (d) paragraph 6 and 7 are replaced by the following:

    ‘6. In order to meet the filling target, Member States shall take all necessary measures and strive to follow the filling plan defined in accordance to paragraph 7.

    7. Member States with underground gas storage facilities shall submit to the Commission in due time an indicative filling plan for the whole calendar year to reach the yearly gas storage filling target set in paragraph 1. The plan shall include technical information for the underground gas storage facilities on its territory and shall be directly interconnected to its market area in an aggregated form.’;

    (e) paragraph 8 is deleted;

    (f) paragraphs 10 and 11 are replaced by the following:

    ‘10. The competent authority of each Member State shall continuously monitor compliance with the filling target as set in the filling plan and shall report regularly and at least once per month to the Commission and the GCG. If it is foreseen that the target cannot be met, the competent authority shall, without delay, take effective measures to meet the target. Member States shall inform the Commission and the GCG of the measures taken.

    11. In the event of a substantial and sustained deviation by a Member State from the filling plan, which compromises the meeting of the filling target or in the event of a deviation from the filling target, the Commission shall, where appropriate, after consulting the GCG and the Member States concerned, issue a recommendation to that Member State or to the other Member States concerned regarding measures to be taken immediately to remedy the deviation or to minimize the impact on the security of supply, considering inter alia possible unfavourable market conditions. and specificities of Member States, such as the technical characteristics and size of the underground gas storage facilities in relation to the domestic gas consumption, the declining importance of the underground low calorific gas storage facilities for the security of gas supply, and existing LNG storage capacity.

    11a. When a Member State does not meet the filling target set in paragraph 1 thus endangering the security of supply of the Union, the Commission shall adopt an implementing act setting a filling plan for that Member State for the year after, based on the technical information provided by each Member State and taking into account the assessment of the GCG. That implementing act shall be adopted in accordance with the examination procedure referred to in Article 18a(2). It shall be based on an assessment of the general security of gas supply situation and the development of gas demand and supply in the Union and individual Member States with the aim of safeguarding the security of gas supply.’;

    (3) Article 6b is amended as follows:

    (a) the title is replaced by the following: ‘Implementation of the filling target’;

    (b) in paragraph 1, the first subparagraph is replaced by the following:

    1. Member States shall take all necessary measures to meet the filling target set pursuant to Article 6a. When ensuring that the filling target is met, Member States shall prioritise, where possible, market-based measures.’;

    (c) paragraph 2 is replaced by the following:

    ‘2. The measures taken by the Member States pursuant to paragraph 1 shall be limited to what is necessary to meet the filling target. They shall be clearly defined, transparent, proportionate, non-discriminatory and verifiable. They shall not unduly distort competition or the proper functioning of the internal market in gas, unduly increase energy costs or endanger the security of gas supply of other Member States or of the Union. Member States shall inform the Commission and the GCG of any such measures.’;

    (4) Article 6c is amended as follows:

    (a) in paragraph 1, first subparagraph is replaced by the following:

    ‘1. A Member State without underground gas storage facilities shall ensure that market participants within that Member State have in place arrangements with underground storage system operators or other market participants in Member States with underground gas storage facilities. Those arrangements shall provide for the use, by 1 December, of storage volumes corresponding to at least 15 % of the average annual gas consumption over the preceding five years of the Member State without underground gas storage facilities. However, where cross-border transmission capacity or other technical limitations prevent a Member State without underground gas storage facilities from fully using 15 % of those storage volumes, that Member State shall store only those volumes that are technically possible.’;

    (b) in paragraph 2, second subparagraph is replaced by the following:

    ‘Member States without underground gas storage facilities shall demonstrate that they comply with paragraph 1 and shall notify the Commission accordingly.’;

    (c) in paragraph 5, first subparagraph, point (a) is replaced by the following:

    ‘(a) ensure that by 1 December storage volumes correspond at least to the average usage of the storage capacity over the preceding five years, determined, inter alia, by taking into account the flows during withdrawal season over the preceding five years from the Member States where the storage facilities are located; or’;

    (d) paragraph 6 is replaced by the following:

    ‘6. Unless otherwise specified in Annex Ib, in the case of underground gas storage facilities located in one Member State that are not covered by paragraph 5 but that are directly connected to the market area of another Member State, that other Member State shall ensure that between 1 October and 1 December storage volumes correspond to at least the average of the storage capacity booked at the relevant cross-border point over the preceding five years.’;

    (5) Article 6d is amended as follows:

    (a) paragraphs 1 and 2 are replaced by the following:

    ‘1. Storage system operators shall report the filling level to the competent authority in each Member State where the underground gas storage facilities concerned are located and, if applicable, to an entity designated by that Member State (the ‘designated entity’) as set pursuant to Article 6a.

    2. The competent authority and, if applicable, the designated entity of each Member State shall monitor the filling levels of the underground gas storage facilities on their territory at the end of each month and report monthly the results to the Commission without any delay. The competent authority shall also include information on the share of gas originating in the Russian federation being stored in that Member State, where such information is available.

    The Commission may, where appropriate, invite the European Union Agency for the Cooperation of Energy Regulators (ACER) to assist with such monitoring.’;

    (b) paragraphs 4 and 5 are replaced by the following:

    ‘4. The GCG shall assist the Commission in the monitoring of the filling ▌target, and shall develop guidance for the Commission on adequate measures to ensure better alignment in the event that Member States filling rates compromise the achievement of the filling target, or to ensure compliance with the filling target.

    4a. Where appropriate, the Commission shall implement measures helping Member States to meet the filling target, including measures to encourage participation in the demand aggregation and joint purchasing mechanism set up under Regulation (EU) 2022/2576 (‘AggregateEU’)* .

    5. Member States and, where appropriate, the Commission shall take the necessary measures to meet the filling target and to enforce upon market participants the storage obligations. These measures may include sufficiently deterrent sanctions and fines, such as adequate financial penalties.

    ___________________

    * Council Regulation (EU) 2022/2576 of 19 December 2022 enhancing solidarity through better coordination of gas purchases, reliable price benchmarks and exchanges of gas across borders (OJ L 335, 29.12.2022, p. 1, ELI: http://data.europa.eu/eli/reg/2022/2576/oj).’;

    (6) in Article 17a, paragraph 1, the following point is added:

    ‘(da) the information about the share of gas originating in the Russian federation stored in the EU storages, provided by Member States in accordance with Article 6d(2).’;

    (7) in Article 22, the fourth paragraph is replaced by the following:

    ‘Article 2, points (27) to (31), Articles 6a to 6d, Article 16(3), Article 17a, Article 18a, Article 20(4) and Annex Ib shall apply until 31 December 2027.’;

    (8) Annex Ia is deleted.

     

    Article 2

    Entry into force

    This Regulation shall enter into force and shall apply on the day following that of its publication in the Official Journal of the European Union.

    This Regulation shall be binding in its entirety and directly applicable in all Member States.

    Done at Brussels,

    For the European Parliament

    The President

    For the Council

    The President

     

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