Category: Entertainment

  • MIL-OSI: Stardust Power Announces Q1 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., May 14, 2025 (GLOBE NEWSWIRE) — Stardust Power Inc. (“Stardust Power” or the “Company”) (Nasdaq: SDST), an American developer of battery-grade lithium products, today announced its results for the first quarter ended March 31, 2025.  

    First Quarter 2025 Business Updates and Subsequent Events

    Operational highlights for the first quarter of 2025 include:

    • Confirmed with Oklahoma regulators the Muskogee facility will not require an industrial wastewater permit thanks to its closed-loop water system that eliminates discharge and reduces local water use.
    • Executed a key service agreement with Oklahoma Gas and Electric to develop a dedicated substation at the Muskogee refinery site, securing up to 40MW of scalable power and enabling critical pre-construction activities ahead of Final Investment Decision.
    • Appointed Carlos Urquiaga as Senior Advisor to advise on capital-raising efforts; with over $40 billion in transaction experience across top institutions, he brings deep expertise in metals and mining finance to support our path toward Final Investment Decision.

    Roshan Pujari, Founder and CEO of Stardust Power, commented on the Company’s Q1 performance, “Despite ongoing macroeconomic volatility and global market uncertainty, Q1 was a quarter of focused execution for Stardust Power. We continue to advance steadily toward Final Investment Decision, supported by strategic progress across permitting, engineering, and financing. With lithium’s long-term outlook growing stronger, we remain committed to seizing this generational opportunity and building a scalable, U.S.-based refining platform aligned with national critical mineral and supply chain priorities.”

    First Quarter Financial Highlights

    As of March 31, 2025, we had cash and cash equivalents of approximately $1.6 million. As of March 31, 2025, we had zero long term debt. Other financial highlights include:

    • Net Loss of $3.8 million for the first quarter of 2025, compared to $1.4 million for the prior year quarter ended March 31, 2024.
    • Loss per share was $(0.07) for the first quarter of 2025, compared to $(0.04) for the prior year quarter, the increase being driven primarily by higher general and administrative costs due to personnel related costs and finance charges for short term loans.
    • Net cash used in operating activities totaled $2.9 million for the first quarter of 2025, compared to $0.9 million for the prior year quarter, the increase driven by continued investment in operations, hiring of key talent and certain expenses related to the close of the Business Combination.
    • Net cash used in investing activities was $1.0 million for the first quarter of 2025, compared to $3 thousand for the prior year quarter, driven by our initial capital investments made in the anticipated building of the refinery.
    • Net cash provided by financing activities was $4.5 million for the first quarter of 2025, compared to $54 thousand for the prior year quarter. The increase was driven primarily by $8.0 million in cash received from public offering and warrant inducements, net of offering cost, offset partially by $3.7 million repayment of short-term loans.

    Conference Call Details

    Stardust Power will host a conference call to discuss the results today, May 14, 2025, at 5:30pm EST. Participants may access the call by clicking the participant call link and ask questions:
    https://register-conf.media-server.com/register/BI0aeb48ba9a8d4f1b93ee2ec5a2bf0886

    Upon registering at the link you will receive the dial-in info and a unique PIN to join the call as well as an email confirmation with the details. You can also access the call via live audio webcast using the website link to listen in:
    https://edge.media-server.com/mmc/p/98ca9vd3

    The earnings call will be available on the Company website following the event.

    About Stardust Power 

    Stardust Power is a developer of battery-grade lithium products designed to bolster America’s energy leadership by building resilient supply chains. Stardust Power is developing a strategically central lithium processing facility in Muskogee, Oklahoma with the anticipated capacity of producing up to 50,000 metric tons per annum of battery-grade lithium. The Company is committed to sustainability at each point in the process. Stardust Power trades on the Nasdaq under the ticker symbol “SDST.”

    For more information, visit www.stardust-power.com 

    Cautionary Statement Regarding Forward-Looking Statements 

    This press release and 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 Exchange Act of 1934, as amended. Forward-looking statements are any statements other than statements of historical fact, and include, but are not limited to, statements regarding the expectations of plans, business strategies, objectives and growth and anticipated financial and operational performance. These forward-looking statements are based on management’s current beliefs, based on currently available information, as to the outcome and timing of future events. Forward-looking statements are often identified by words such as “anticipate,” “appears,” “approximately,” “believe,” “continue,” “could,” “designed,” “effect,” “estimate,” “evaluate,” “expect,” “forecast,” “goal,” “initiative,” “intend,” “may,” “objective,” “outlook,“ ”plan,“ ”potential,“ ”priorities,“ ”project,“ ”pursue,“ ”seek,“ ”should,“ ”target,“ ”when,“ ”will,“ ”would,” or the negative of any of those words or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future events or financial results. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond our control.  

    These forward-looking statements are subject to a number of risks and uncertainties, including the ability of Stardust Power to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of Stardust Power to grow and manage growth profitably, maintain key relationships and retain its management and key employees; risks related to the price of Stardust Power’s securities, including volatility resulting from recent sales of securities, issuance of debt, and exercise of warrants, changes in the competitive and highly regulated industries in which Stardust Power plans to operate, variations in performance across competitors, changes in laws and regulations affecting Stardust Power’s business and changes in the combined capital structure; the regulatory environment and our ability to obtain necessary permits and other governmental approvals for our operation; Stardust Power’s need for substantial additional financing to execute our business plan and our ability to access capital and the financial markets; worldwide growth in the adoption and use of lithium products; the Company’s ability to enter into and realize the anticipated benefits of offtake and license and other commercial agreements; risks related to the ability to implement business plans, forecasts, and other expectations and identify and realize additional opportunities; the substantial doubt regarding the Company’s ability to continue as a going concern and the need to raise capital in the near term in order to maintain the Company’s operations; the Company’s continued listing on the Nasdaq; and those factors described or referenced in filings with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2024, which was filed with the SEC on March 27, 2025. The foregoing list of factors is not exhaustive. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that we do not presently know or that we currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect our expectations, plans or forecasts of future events and views as of the date of this press release. We anticipate that subsequent events and developments will cause our assessments to change. 

    We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors that affect the subject of these statements, except where we are expressly required to do so by law. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement. 

    Stardust Power Contacts 

    For Investors: 

    Johanna Gonzalez 
    investor.relations@stardust-power.com 

    For Media: 

    Michael Thompson 

    media@stardust-power.com 

    The MIL Network

  • MIL-Evening Report: Whatever happened to Barbie’s feet? Podiatrists studied 2,750 dolls to find out

    Source: The Conversation (Au and NZ) – By Cylie Williams, Professor, School of Primary and Allied Health Care, Monash University

    elinaxx1v/Shutterstock

    What do you get when a group of podiatrists (and shoe lovers) team up with a Barbie doll collector? A huge opportunity to explore how Barbie reflects changes in the types of shoes women wear.

    It all started with the blockbuster Barbie movie in 2023. In particular, we discussed a scene when Barbie was distressed to find she didn’t have to walk on tip-toes. She could walk on flat feet.

    Soon, we had designed a research project to study the feet of Barbie dolls on the market from her launch in 1959 to June 2024. That’s 2,750 Barbies in all.

    How this scene from the Barbie movie inspired our research project.

    In our study published today, we found a general shift away from Barbie’s iconic feet – on tip-toes, ready to slip on high-heeled shoes – to flat feet for flat shoes.

    We found, like many women today, Barbie “chooses” her footwear depending on what she has to do – flats for skateboarding or working as an astronaut but heels when dressing up for a night out.

    We also question whether high heels that Barbie and some women choose to wear are really as bad for your health as we’ve been led to believe.

    The movie that sparked the #barbiefootchallenge

    Barbie’s feet – in particular her tip-toe posture – triggered TikTok’s #barbiefoottrend and #barbiefootchallenge. When the movie was released, fans made videos to re-create how Barbie stepped out of her high-heeled shoes, yet stayed on tip-toes. Margot Robbie, the Australian actor who played Barbie in the movie, was even interviewed about it.

    Despite the obvious interest in Barbie’s iconic foot stance, there had been no specific research on her feet or choice of footwear.

    So our research team decided to look at how Barbie’s feet had changed over the years to reflect the kinds of shoes she’s worn, and how that ties in with her different jobs and growing diversity.

    What we did

    One of our research team has an extensive Barbie doll collection. This guided our search through online catalogues to examine the foot positions of 2,750 Barbie dolls.

    Our custom-made audit tool allowed us to classify Barbie’s foot posture as tip-toe (known as equinus) or flat.

    We also looked at when the dolls were made, whether they were diverse or inclusive (for instance, represented people with disabilities), and whether Barbie was employed.

    Our device allowed us to classify Barbie’s feet as (a) tip-toe (equinus) or (b) flat.
    Cylie Williams, CC BY-NC-ND

    What we found

    We were surprised that Barbie’s high-heel wearing foot posture was no longer the norm. Barbie does, however, still wear high heels when dressed for fun.

    We found, just like Barbie in the movie, she’s made a transition from high heels (equinus foot posture) to flat shoes (flat foot posture), especially when employed.

    We suggest this mirrors broader societal changes. This includes how women choose footwear according to how much they have to move in the day, and away from only wearing high heels in some workplaces.

    Barbie ditched her high-heel wearing foot posture as she climbed the career ladder. In the 1960s, all Barbies tip-toed around, but by the 2020s, only 40% did.

    Meanwhile, her resume expanded, going from not being represented as having a job to 33% representing real-world jobs.

    Barbie’s been an astronaut since before the Moon landing.
    8th.creator/Shutterstock

    She was an astronaut in 1965, before the Moon landing, and a surgeon when the vast majority of doctors in the United States were men.

    US laws changed in the late 80s, supporting women to own businesses without a man’s permission. And Barbie mirrored this.

    She started trading stilettos for flats and strutting into male-dominated fields. Barbie didn’t just break the mould, she kicked it off with low-heeled shoes.

    Barbie also evolved to better reflect the population. We found a moderate link between her having flat feet and representing diversity or disability.

    For example, she chooses a stable flat shoe when using a prosthetic limb. But it was also great to see her break footwear stereotypes by wearing high heels when using a wheelchair.

    Are high heels so bad?

    Some celebrities, the media and public health advice warn against wearing high heels. But we know women (and Barbie) choose to wear them from time to time. In fact it’s discussions about women’s shoe choices that also gave us the idea for this fun research.

    For instance, health professionals often link high-heeled shoes with developing bunions, knee osteoarthritis, back pain or being injured.

    However bunions, and knee and back pain are just as common in people who don’t wear high heels.

    Studies exploring the risk of high heels are also often performed with people who don’t usually wear high heels, or during competitive sports.

    We couldn’t find any investigations exploring the long-term effect of wearing high heels.

    Research does show that high-heeled shoes make you walk slower and make it harder to balance.

    But high heels have different features, such as heel height or shape. So different types of high heels probably present a different risk. That risk also probably differs from person to person, including how often they walk in heels.

    Lessons for all shoe lovers

    But back to Barbie and lessons we learned. We know Barbie is a social construct that reflects some aspects of the real world. She chooses heels when fashion is the goal and flat shoes when needing speed and stability.

    Rather than demonise high heels, messages about footwear need to evolve to acknowledge choice, and trust women can balance their own priorities and needs.

    As Barbie’s journey shows, women already make thoughtful shoe choices based on comfort, function and identity.

    Cylie Williams receives funding from the Medical Research Future Foundation. In the past five years, she has previously received research funding from the National Health and Medical Research Council, Department of Health and Aged Care (Australia), Bobux International Limited, Department of Health (Victoria) and Sports and Exercise Podiatry Australia.

    Helen Banwell is a practitioner member of the Podiatry Board of Australia.

    ref. Whatever happened to Barbie’s feet? Podiatrists studied 2,750 dolls to find out – https://theconversation.com/whatever-happened-to-barbies-feet-podiatrists-studied-2-750-dolls-to-find-out-256211

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI: David Boies joins Rumble legal team in case against Google

    Source: GlobeNewswire (MIL-OSI)

    LONGBOAT KEY, FL, May 14, 2025 (GLOBE NEWSWIRE) — Rumble (NASDAQ:RUM), the video-sharing platform and cloud services provider, today announced that prominent lawyer David Boies, of the firm Boies Schiller Flexner LLP, has joined the litigation team in Rumble’s antitrust lawsuit against Google. Rumble filed suit against Google in January 2021, accusing the tech giant of giving Internet search preference to YouTube, a video platform it owns, and thereby harming competition and Rumble’s growth and revenue.

    “David Boies is one of the best trial lawyers in the world.” said Rumble Chief Executive Officer Chris Pavlovski. “We welcome him to Rumble’s legal team.” 

    ABOUT RUMBLE

    Rumble is a high-growth video platform and cloud services provider, founded in 2013 by entrepreneur Chris Pavlovski, which is creating an independent infrastructure intended to make it impervious to cancellation or censorship by Big Tech. Rumble’s mission is to restore the internet to its roots by making it free and open once again. For more information, visit: corp.rumble.com.

    Contact: press@rumble.com

    The MIL Network

  • MIL-OSI: Nasdaq Announces 2025 Annual Meeting of Shareholders

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 14, 2025 (GLOBE NEWSWIRE) — Nasdaq, Inc. (Nasdaq: NDAQ) has scheduled its 2025 Annual Meeting of Shareholders for June 11, 2025, at 8:00 AM ET. The virtual meeting website can be accessed 15 minutes prior to the meeting start by visiting: www.virtualshareholdermeeting.com/NDAQ2025.  

    Shareholders of record as of April 14, 2025 will be eligible to vote and participate in the Annual Meeting. Nasdaq’s 2025 Proxy Statement and 2024 Annual Report on Form 10-K are available at ir.nasdaq.com or proxyvote.com. The Proxy Statement contains information on voting and virtual attendance procedures. 

    About Nasdaq: 

    Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com

    Media Relations Contacts: 

    Nick Jannuzzi 
    +1.973.760.1741 
    Nicholas.Jannuzzi@Nasdaq.com

    Investor Relations Contact:

    Ato Garrett 
    +1.212.401.8737 
    Ato.Garrett@Nasdaq.com

    -NDAQF-

    The MIL Network

  • MIL-OSI: Snail, Inc. Reports First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    CULVER CITY, Calif., May 14, 2025 (GLOBE NEWSWIRE) —  Snail, Inc. (Nasdaq: SNAL) (“Snail Games” or the “Company”), a leading global independent developer and publisher of interactive digital entertainment, today announced financial results for its first quarter ended March 31, 2025.

    First Quarter 2025 and Recent Operational Highlights

    ARK Franchise Updates:

    • ARK: Survival Evolved (“ASE”):
      • Units sold were approximately 690,775 for the first quarter 2025
      • Revealed teaser trailer for ARK: Aquatica, a new in-house developed downloadable content (“DLC”) expansion map for ASE
    • ARK: Survival Ascended (“ASA”):
      • Units sold were approximately 751,960 for the first quarter 2025
      • Launched the Astraeos Map as an Official Partner DLC for ASA
      • Revealed the official trailer for ARK: Lost Colony, the next DLC for ASA produced by Studio Wildcard
    • ARK: Ultimate Mobile Edition (“ARK Mobile”) :
      • Surpassed 4.8 million downloads as of March 31, 2025
      • Launched the Ragnarok expansion map and the Extinction map
      • In the three months ended March 31, 2025, average DAUs totaled 143,976

    Game Portfolio Updates:

    • Debuted teaser trailers for two in-house developed projects, Nine Yin Sutra: Wushu and Nine Yin Sutra: Immortal
    • Launched new trailers for upcoming games: For The Stars, Honeycomb: The World Beyond, Robots at Midnight, and Echoes of Elysium
    • Celebrated Bellwright’s one-year Early Access anniversary in April 2025 and introduced major update with significant content and player-requested features. Bellwright will be making its way to Xbox
    • Launched The Cecil: The Journey Begins and Chasmal Fear
    • Company indie publishing label, Wandering Wizards, acquired publishing rights to Whispers of West Grove

    Business Updates:

    • Company subsidiary Interactive Films LLC (“Interactive Films”) signed a Memorandum of Understanding (“MoU”) with Mega Matrix Inc. (“MPU”) for the joint development, production, and global distribution of short dramas

    Management Commentary

    Company co-Chief Executive Officer Tony Tian commented: “The first quarter saw sustained growth and strong engagement across our ARK franchise. Our ARK franchise had an increase in daily active users in the first quarter of 2025 of approximately 16%, up to 243,000 on the Steam and Epic platforms, when compared to the same period in 2024. We unveiled and released new maps and DLCs for ASE, ASA, and our mobile title, delivering fresh, immersive experiences that continue to expand the ARK universe and deepen player engagement. ARK: Ultimate Mobile Edition maintained strong momentum since launch last quarter, a promising indicator of our ongoing efforts to broaden ARK’s audience. The mobile platform removes hardware barriers, opening the franchise to a new and growing player base. In February, we participated in GDC, where we unveiled a series of new trailers, announcements, and upcoming content for the ARK franchise and our broader game portfolio.”

    “Next month marks a major milestone: the 10-year anniversary of ASE. This pivotal moment for Snail Games offers an opportunity to celebrate the franchise’s legacy and community. Beyond gaming, we also signed a MoU with Mega Matrix to co-develop at least 10 short dramas. In support of this initiative, we soft-launched Salty TV, our mobile short film platform, last quarter, which currently hosts 49 short dramas. We look forward to finalizing the agreement and working closely with the MPU team to deliver high-quality entertainment content. As we look to the remainder of 2025, our focus remains on expanding global reach, investing in scalable growth, commemorating ARK’s 10-year journey, and continuing to deliver innovative experiences that engage players and audiences across multiple platforms and genres.”

    First Quarter 2025 Financial Highlights

    Net revenues for the three months ended March 31, 2025, increased 42.5% to $20.1 million compared to $14.1 million in the same period last year. The increase was primarily due to an increase in total ARK sales of $2.7 million, an increase in ARK Mobile sales of $1.3 million that was driven by the release of ARK: Ultimate Mobile Edition, and the Company deferring $3.3 million less of its sales during the three months ended March 31, 2025 than it deferred in the same period last year, partially offset by a decrease in revenues related to other games of $1.6 million.

    Net loss for the three months ended March 31, 2025, was $(1.9) million compared to $(1.8) million in the same period last year; as a result of the aforementioned increase in net revenue offset by increases in the costs of revenues and operating expenses – a result of the Company’s increased headcount, research and development, and marketing expenses.

    Bookings for the three months ended March 31, 2025, increased 13.6% to $22.2 million compared to $19.6 million in the same period last year. The increase was primarily due to the releases of ARK: Survival Ascended DLC Astraeos in the first quarter of 2025, the releases of Bobs Tall Tales, and Bellwright in the latter quarters of 2024.

    Earnings before interest, taxes, depreciation and amortization (“EBITDA”) for the three months ended March 31, 2025, was $(3.2) million compared to $(1.9) million in the same period last year. The decrease was primarily due to an increase in benefit from income taxes of $1.0 million, a decrease in interest expense of $0.3 million, and an increase in net loss of $0.1 million, partially offset by a decrease in interest income and interest income – related parties of $0.1 million.

    As of March 31, 2025, unrestricted cash was $9.4 million compared to $7.3 million as of December 31, 2024.

    Use of Non-GAAP Financial Measures

    In addition to the financial results determined in accordance with U.S. generally accepted accounting principles, or GAAP, Snail believes Bookings and EBITDA, as non-GAAP measures, are useful in evaluating its operating performance. Bookings and EBITDA are non-GAAP financial measures that are presented as supplemental disclosures and should not be construed as alternatives to net income (loss) or revenue as indicators of operating performance, nor as alternatives to cash flow provided by operating activities as measures of liquidity, both as determined in accordance with GAAP. Snail supplementally presents Bookings and EBITDA because they are key operating measures used by management to assess financial performance. Bookings adjusts for the impact of deferrals and, Snail believes, provides a useful indicator of sales in a given period. EBITDA adjusts for items that Snail believes do not reflect the ongoing operating performance of its business, such as certain non-cash items, unusual or infrequent items or items that change from period to period without any material relevance to its operating performance. Management believes Bookings and EBITDA are useful to investors and analysts in highlighting trends in Snail’s operating performance, while other measures can differ significantly depending on long-term strategic decisions regarding capital structure, the tax jurisdictions in which Snail operates and capital investments.

    Bookings is defined as the net amount of products and services sold digitally or physically in the period. Bookings is equal to revenues, excluding the impact from deferrals. Below is a reconciliation of total net revenue to Bookings, the closest GAAP financial measure.

        Three months ended
    March 31,
        2025     2024
        (in millions)
    Total net revenue   $ 20.1     $ 14.1
    Change in deferred net revenue     2.1       5.5
    Bookings   $ 22.2     $ 19.6

    We define EBITDA as net loss before (i) interest expense, (ii) interest income, (iii) benefit from income taxes and (iv) depreciation expense. The following table provides a reconciliation from net loss to EBITDA:

        Three months ended March 31,
        2025     2024  
        (in millions)
    Net loss   $ (1.9 )   $ (1.8 )
    Interest income and interest income - related parties           (0.1 )
    Interest expense     0.1       0.4  
    Benefit from income taxes     (1.5 )     (0.5 )
    Depreciation expense     0.1       0.1  
    EBITDA   $ (3.2 )   $ (1.9 )

    Webcast Details

    The Company will host a webcast at 4:30 PM ET today to discuss the first quarter 2025 financial results. Participants may access the live webcast and replay via the link here or on the Company’s investor relations website at https://investor.snail.com/.

    Forward-Looking Statements

    This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release can be identified by the use of forward-looking words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “may,” “predict,” “continue,” “estimate” and “potential,” or the negative of these terms or other similar expressions. Forward-looking statements appear in a number of places in this press release and include, but are not limited to, statements regarding Snail’s intent, belief or current expectations. These forward-looking statements include information about possible or assumed future results of Snail’s business, financial condition, results of operations, liquidity, plans and objectives. The statements Snail makes regarding the following matters are forward-looking by their nature: growth prospects and strategies; launching new games and additional functionality to games that are commercially successful; expectations regarding significant drivers of future growth; its ability to retain and increase its player base and develop new video games and enhance existing games; competition from companies in a number of industries, including other casual game developers and publishers and both large and small, public and private Internet companies; its ability to attract and retain a qualified management team and other team members while controlling its labor costs; its relationships with third-party platforms such as Xbox Live and Game Pass, PlayStation Network, Steam, Epic Games Store, My Nintendo Store, the Apple App Store, the Google Play Store and the Amazon Appstore; the size of addressable markets, market share and market trends; its ability to successfully enter new markets and manage international expansion; protecting and developing its brand and intellectual property portfolio; costs associated with defending intellectual property infringement and other claims; future business development, results of operations and financial condition; the ongoing conflicts involving Russia and Ukraine, and Israel and Hamas, on its business and the global economy generally; actions in various countries, particularly in China and the United States, have created uncertainty with respect to tariff impacts on the costs of our merchandise and costs of development; rulings by courts or other governmental authorities; the Company’s current program to repurchase shares of its Class A common stock, including expectations regarding the timing and manner of repurchases made under this share repurchase program; its plans to pursue and successfully integrate strategic acquisitions; and assumptions underlying any of the foregoing.

    Further information on risks, uncertainties and other factors that could affect Snail’s financial results are included in its filings with the Securities and Exchange Commission (the “SEC”) from time to time, including its annual reports on Form 10-K and quarterly reports on Form 10-Q filed, or to be filed, with the SEC. You should not rely on these forward-looking statements, as actual outcomes and results may differ materially from those expressed or implied in the forward-looking statements as a result of such risks and uncertainties. All forward-looking statements in this press release are based on management’s beliefs and assumptions and on information currently available to Snail, and Snail does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

    About Snail, Inc.

    Snail, Inc. (Nasdaq: SNAL) is a leading, global independent developer and publisher of interactive digital entertainment for consumers around the world, with a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PCs, and mobile devices. For more information, please visit: https://snail.com/.

    Investor Contact:

    John Yi and Steven Shinmachi
    Gateway Group, Inc.
    949-574-3860
    SNAL@gateway-grp.com

    Snail, Inc. and Subsidiaries
    Condensed Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024 (Unaudited)


     
        March 31, 2025     December 31, 2024  
                 
    ASSETS                
                     
    Current Assets:                
    Cash and cash equivalents   $ 9,359,116     $ 7,303,944  
    Accounts receivable, net of allowances for credit losses of $523,500 as of March 31, 2025 and December 31, 2024     9,118,269       9,814,822  
    Accounts receivable – related party     1,332,867       2,336,274  
    Loan and interest receivable – related party     106,252       105,759  
    Prepaid expenses – related party     2,536,748       2,521,291  
    Prepaid expenses and other current assets     1,468,062       1,846,024  
    Prepaid taxes     7,174,973       7,318,424  
    Total current assets     31,096,287       31,246,538  
                     
    Restricted cash and cash equivalents     935,000       935,000  
    Accounts receivable – related party, net of current portion     592       1,500,592  
    Prepaid expenses – related party, net of current portion     9,907,669       9,378,594  
    Property and equipment, net     4,310,448       4,378,352  
    Intangible assets, net     2,159,141       973,914  
    Deferred income taxes     12,852,299       10,817,112  
    Other noncurrent assets     2,282,709       1,683,932  
    Operating lease right-of-use assets, net     953,082       1,279,330  
    Total assets   $ 64,497,227     $ 62,193,364  
                     
    LIABILITIES, NONCONTROLLING INTERESTS AND STOCKHOLDERS’ EQUITY                
                     
    Current Liabilities:                
    Accounts payable   $ 4,241,403     $ 4,656,367  
    Accounts payable – related party     15,716,600       15,383,171  
    Accrued expenses and other liabilities     2,886,414       4,499,280  
    Interest payable – related parties     527,770       527,770  
    Revolving loan     3,000,000       3,000,000  
    Convertible notes at fair value     2,854,518        
    Current portion of long-term promissory note     2,701,003       2,722,548  
    Current portion of deferred revenue     3,864,474       3,947,559  
    Current portion of operating lease liabilities     1,042,688       1,444,385  
    Total current liabilities     36,834,870       36,181,080  
                     
    Accrued expenses     265,251       265,251  
    Deferred revenue, net of current portion     23,740,999       21,519,888  
    Operating lease liabilities, net of current portion     52,921       57,983  
    Total liabilities     60,894,041       58,024,202  
                     
    Commitments and contingencies                
                     
    Stockholders’ Equity:                
    Class A common stock, $0.0001 par value, 500,000,000 shares authorized; 9,815,355 shares issued and 8,465,080 shares outstanding as of March 31, 2025, and 9,626,070 shares issued and 8,275,795 shares outstanding as of December 31, 2024     981       962  
    Class B common stock, $0.0001 par value, 100,000,000 shares authorized; 28,748,580 shares issued and outstanding as of March 31, 2025 and December 31, 2024     2,875       2,875  
    Additional paid-in capital     27,063,795       25,738,082  
    Accumulated other comprehensive loss     (224,202 )     (279,457 )
    Accumulated deficit     (14,063,392 )     (12,117,385 )
    Treasury stock at cost (1,350,275 shares as of March 31, 2025 and December 31, 2024)     (3,671,806 )     (3,671,806 )
    Total Snail, Inc. equity     9,108,251       9,673,271  
    Noncontrolling interests     (5,505,065 )     (5,504,109 )
    Total stockholders’ equity     3,603,186       4,169,162  
    Total liabilities, noncontrolling interests and stockholders’ equity   $ 64,497,227     $ 62,193,364  
    Snail, Inc. and Subsidiaries
    Condensed Consolidated Statements of Operations and Comprehensive Loss for the Three Months Ended March 31, 2025 and 2024 (Unaudited)
     
                 
        Three months ended March 31,  
        2025     2024  
                 
    Revenues, net   $ 20,110,872     $ 14,115,729  
    Cost of revenues     14,263,345       12,041,698  
                     
    Gross profit     5,847,527       2,074,031  
                     
    Operating expenses:                
    General and administrative     4,964,351       2,282,040  
    Research and development     3,609,745       1,776,522  
    Advertising and marketing     1,306,365       141,030  
    Depreciation and amortization     67,904       82,338  
    Total operating expenses     9,948,365       4,281,930  
                     
    Loss from operations     (4,100,838 )     (2,207,899 )
                     
    Other income (expense):                
    Interest income     29,906       99,762  
    Interest income – related parties     493       499  
    Interest expense     (80,828 )     (395,964 )
    Other income     769,762       227,066  
    Foreign currency transaction income (loss)     (36,288 )     18,128  
    Total other income (expense), net     683,045       (50,509 )
                     
    Loss before benefit from income taxes     (3,417,793 )     (2,258,408 )
                     
    Benefit from income taxes     (1,470,830 )     (477,950 )
                     
    Net loss     (1,946,963 )     (1,780,458 )
                     
    Net loss attributable to non-controlling interests     (956 )     (1,129 )
                     
    Net loss attributable to Snail, Inc.   $ (1,946,007 )   $ (1,779,329 )
                     
    Comprehensive loss statement:                
                     
    Net loss   $ (1,946,963 )   $ (1,780,458 )
                     
    Other comprehensive income (loss) related to foreign currency translation adjustments, net of tax     33,232       (19,297 )
    Other comprehensive income (loss) related to credit adjustments, net of tax     22,023        
                     
    Total comprehensive loss   $ (1,891,708 )   $ (1,799,755 )
                     
    Net loss attributable to Class A common stockholders:                
    Basic   $ (441,731 )   $ (385,722 )
    Diluted   $ (521,393 )   $ (385,722 )
                     
    Net loss attributable to Class B common stockholders:                
    Basic   $ (1,504,276 )   $ (1,393,607 )
    Diluted   $ (1,775,558 )   $ (1,393,607 )
                     
    Loss per share attributable to Class A and B common stockholders:                
    Basic   $ (0.05 )   $ (0.05 )
    Diluted   $ (0.06 )   $ (0.05 )
                     
    Weighted-average shares used to compute loss per share attributable to Class A common stockholders:                
    Basic     8,442,025       7,957,031  
    Diluted     9,241,822       7,957,031  
                     
    Weighted-average shares used to compute loss per share attributable to Class B common stockholders:                
    Basic     28,748,580       28,748,580  
    Diluted     28,748,580       28,748,580  
    Snail, Inc. and Subsidiaries
    Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2025 and 2024 (Unaudited)


     
        2025     2024  
                 
    Cash flows from operating activities:                
    Net loss   $ (1,946,963 )   $ (1,780,458 )
    Adjustments to reconcile net loss to net cash provided by operating activities:                
    Amortization – intangible assets, net     35,516       200  
    Amortization – film assets     212,709        
    Amortization – loan origination fees and debt discounts     (1,889 )     47,729  
    Accretion – convertible notes           181,754  
    Gain on change in fair value of convertible notes     (117,105 )      
    Gain on change in fair value of warrant liabilities     (639,518 )      
    Depreciation and amortization – property and equipment     67,904       82,338  
    Stock-based compensation expense (income)     843,619       (926,875 )
    Deferred taxes, net     (2,041,515 )     (555,781 )
                     
    Changes in assets and liabilities:                
    Accounts receivable     696,553       17,759,629  
    Accounts receivable – related party     2,503,407       (1,085,213 )
    Prepaid expenses – related party     (544,532 )     (1,351,838 )
    Prepaid expenses and other current assets     377,962       (1,779,508 )
    Prepaid taxes     143,451       70,407  
    Other noncurrent assets     (656,562 )      
    Accounts payable     (198,705 )     (1,938,654 )
    Accounts payable – related party     623,430       (6,143,374 )
    Accrued expenses and other liabilities     (650,236 )     (461,311 )
    Loan and interest receivable – related party     (493 )     (499 )
    Lease liabilities     (80,510 )     (64,821 )
    Deferred revenue     2,138,026       4,723,462  
    Net cash provided by operating activities     764,549       6,777,187  
                     
    Cash flows from investing activities:                
    Acquisition of software     (290,000 )      
    Acquisition of software licenses     (1,412,000 )      
    Investments in software     (177,002 )      
    Net cash used in investing activities     (1,879,002 )      
    Cash flows from financing activities:                
    Repayments on promissory note     (21,546 )     (20,484 )
    Repayments on notes payable           (2,333,333 )
    Repayments on convertible notes           (269,550 )
    Repayments on revolving loan           (3,000,000 )
    Cash proceeds from exercise of warrants     159,000        
    Proceeds from issuance of convertible notes     3,000,000        
    Payments of capitalized offering costs           (262,914 )
    Net cash provided by (used in) financing activities     3,137,454       (5,886,281 )
                     
    Effect of foreign currency translation on cash and cash equivalents     32,171       (19,186 )
                     
    Net increase in cash and cash equivalents, and restricted cash and cash equivalents     2,055,172       871,720  
                     
    Cash and cash equivalents, and restricted cash and cash equivalents – beginning of the period     8,238,944       16,314,319  
                     
    Cash and cash equivalents, and restricted cash and cash equivalents – end of the period   $ 10,294,116     $ 17,186,039  
                     
    Supplemental disclosures of cash flow information                
    Cash paid during the period for:                
    Interest   $ 97,260     $ 171,101  
    Income taxes   $ 184,707     $ 1,871  
    Noncash transactions during the period for:                
    Debt converted to equity   $     $ (60,000 )
    Liabilities converted to equity upon exercise of warrants   $ 323,113     $  
    Acquisition of film licenses in accounts payable   $ 152,000     $  
    Acquisition of software and software licenses in accounts payable and accrued expenses   $ 51,741      
    Change in fair value of notes recorded in accumulated other comprehensive income   $ 22,023      

    The MIL Network

  • MIL-OSI: Investview, Inc. (“INVU”) Reports Financial Results and Current Operational and Financial Highlights for the First Quarter Ended March 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    Haverford, PA, May 14, 2025 (GLOBE NEWSWIRE) — Investview, Inc. (OTCQB: INVU), a diversified financial technology services company that offers multiple business units across key sectors, including a financial education division offering tools, products and content through a global network of independent distributors; a manufacturing division focused on proprietary aesthetics, health, nutrition, & cognitive wellness products for wholesale and retail markets, with strategic plans for global expansion; an early-stage online trading platform that intends to offer self-directed retail brokerage services; and a business unit that owns and operates a sustainable blockchain business focused on bitcoin mining, today reported its first quarter 2025 financial results and shared highlights of key operational progress, strategic milestones, and forward-focused initiatives.

    Summary Consolidated Financial Highlights:

    Results of Operations-Three Months Ended March 31, 2025 vs March 31, 2024

    • Gross Revenue (a Non-GAAP measure) decreased 35.3% to $10.7 million for the three months ended March 31, 2025, compared to $16.5 million for the comparable prior year period.
    • Net Revenue decreased 36.0% to $10.0 million for the three months ended March 31, 2025, compared to $15.7 million for the comparable prior year period.
    • Net cash used in operating activities was ($3.4) million for the three months ended March 31, 2025, compared to net cash provided by operating activities of $4.8 million for the comparable prior year period.
    • Net income from operations decreased 122.1% to ($0.4) million for the three months ended March 31, 2025, compared to net income from operations of $1.9 million for the comparable prior year period.

    Balance Sheet Data – March 31, 2025 vs December 31, 2024

    • Cash and cash equivalents at March 31, 2025 was $17.5 million, down $5.0 million or 22.1% from $22.5 million at December 31, 2024. The decrease was mainly attributable to a deposit to secure a writ of attachment order of $1.9 million in favor of the Company, an increase in bitcoin holdings of $0.5 million, an increase in prepaid assets of $0.8 million, purchases of inventory and manufacturing equipment of $0.7 million, and payments made under an agreement for the purchase of our common shares in a private transaction of $0.8 million.
    • Total assets decreased by $1.6 million or 5.2% to $29.9 million. Total liabilities decreased by $1.2 million or 8.7% to $13.1 million. Our current ratio remains strong at 2.29 as of March 31, 2025.
    • Working capital balance decreased by 6.1% at March 31, 2025, a decrease of $0.9 million from December 31, 2024.
    • Outstanding debt increased by $0.1 million to $3.3 million at March 31, 2025, up from $3.2 million at December 31, 2024.
    • Total stockholders’ equity at March 31, 2025 was $16.8 million, a decrease of $0.4 million, or 2.2%, from $17.2 million at December 31, 2024.

    Comments on our industry segments and business units

    Financial Education and Technology Segment

    iGenius net revenue in the first quarter of 2025 was $8.8 million, a decrease of $4.2 million or 32.5% over the comparable period in 2024. The decrease was largely attributable to a combination of shifts in consumer behavior and demand following the COVID-19 pandemic as individuals reassess their spending priorities, lifestyle choices, and engagement habits. Broader macroeconomic headwinds also contributed to a general slowdown in direct sales and home-based business sectors.

    Despite these challenges, iGenius remains optimistic about its long-term growth trajectory. The company is actively investing in the expansion of its sales network and is focused on broadening its portfolio of products and services. Management is confident that the core direct selling model remains robust and scalable, particularly as it evolves to include offerings beyond financial education.

    As part of its strategic vision, iGenius plans to strengthen its value proposition through the continued development of its myLife Wellness division, which includes health, beauty, and wellness products. These initiatives are expected to enhance engagement across the sales network and drive future growth opportunities.

    Our Blockchain Technology and Crypto Mining Products and Services Segment

    SAFETek net revenue in the first quarter of 2025 was $0.9 million, a decrease of $1.8 million or 67.3% over the comparable period. The decrease in net revenue was primarily driven by the April 2024 Bitcoin halving event, which reduced block rewards by 50%, a more than 3.5% increase in mining network difficulty for the period, and a government-mandated energy curtailment due to low hydroelectric reservoir levels in our host country.

    Despite a highly challenging environment, SAFETek successfully produced 9.12 Bitcoin during the first quarter of 2025. The company navigated the combined impact of tighter block rewards, escalating network difficulty, and energy restrictions, while simultaneously capitalizing on reduced power costs resulting from the curtailment, effectively turning operational adversity into a cost-management initiative that we expect will serve us well over time.

    In 2024, SAFETek proactively executed key strategic initiatives to fortify long-term operational efficiency. These included the retirement of legacy mining hardware, deployment of next-generation ASIC miners, and the consolidation of mining operations—collectively lowering our hash cost and enhancing our competitive position in the global mining landscape. Importantly, we remain debt-free on all equipment purchases and maintain a strong balance sheet that provides the financial flexibility to pursue selective expansion opportunities.

    SAFETek currently holds a reserve of nearly 2,900 mining machines, strategically positioned for deployment in qualified expansion scenarios. While the Bitcoin mining sector continues to evolve amid macroeconomic and protocol-level shifts, our outlook remains cautiously optimistic. We are committed to a disciplined, forward-looking strategy that prioritizes long-term sustainability and prepares us to scale when conditions improve.

    Our Manufacturing and Development of Health, Beauty and Wellness Products Segment

    In October 2024, we entered the over-the-counter health, beauty, and wellness market through our wholly owned subsidiary, myLife Wellness Company (“myLife Wellness”), with the strategic acquisition of Renu Laboratories, Inc. (“Renu Labs”), a contract developer and manufacturer of proprietary and non-proprietary products serving wholesale and retail clients. This acquisition marks a key milestone in our strategy to extend our platform into high-demand consumer verticals, with a growing focus on aesthetics, nutrition, and cognitive wellness.

    Since the acquisition, we have made accelerated investments in Renu Labs’ core capabilities, including upgraded equipment, enhanced production technology, and key talent recruitment, which have resulted in measurable gains in both production output and operational efficiency. Net revenue for the first quarter of 2025 totaled $0.4 million. Encouragingly, net revenue generated to date in the second quarter has already exceeded first-quarter results, signaling continued momentum.

    We are optimistic about Renu’s long-term growth trajectory and are focused on scaling manufacturing capacity while expanding our product portfolio and contract manufacturing (CMO) engagements with qualified partners. These steps are designed to position Renu as a nimble and scalable manufacturer in a market increasingly seeking trusted, innovative wellness product providers.

    As the commercial arm of this initiative, myLife Wellness will serve as both the marketing engine and e-commerce platform for the products developed and manufactured by Renu Labs. The brand’s growing product catalog, centered around aesthetics, health, nutrition, and cognitive wellness, is expected to be distributed through a combination of retail (B2C) and wholesale (B2B) channels.

    In addition to operating as a standalone consumer platform, myLife Wellness will also benefit from strategic collaboration with our iGenius subsidiary, enabling expanded access to retail, wholesale, and direct-to-consumer channels. This partnership is expected to significantly enhance market reach, while creating new revenue opportunities by introducing wellness products to a global member base and established consumer relationships.

    We believe this integrated ecosystem represents a powerful foundation for long-term value creation across the health and wellness space.

    Our Financial Services Initiatives

    In March 2024, we achieved a significant milestone in our fintech growth strategy with the acquisition of Opencash Securities LLC, an early-stage registered broker-dealer. While the platform has not yet commenced commercial operations, this acquisition represents a strategic foundation for building a modern, mobile-first trading experience to-be focused on accessibility, simplicity, and cost-efficiency for retail investors globally.

    Opencash is currently advancing through its final stages of development, including clearing integration, infrastructure buildout, and internal testing, in preparation for its commercial launch. Our goal is to establish Opencash as a low-cost, and commission-free platform offering trading in stocks, ETFs, and options, tailored to meet the expectations of today’s digitally native investor.

    The Opencash initiative is designed to work in tandem with our proprietary MPower Trading Systems – Prodigio trading engine, acquired in 2021. Once fully deployed, we expect to offer two complementary trading solutions under the Opencash brand:

    • Opencash – a streamlined platform for everyday retail investors
    • OpencashPro – a feature-rich platform for advanced traders and active investors

    Together, these platforms are expected to deliver a seamless, data-driven trading experience that integrates intelligent analytics, automation, and user-friendly interfaces, positioning us competitively in the evolving fintech landscape.

    We remain optimistic about the long-term potential of the Opencash platform and are committed to executing a disciplined phased rollout that prioritizes regulatory readiness, technological integrity, and a superior user experience.

    Operational Highlights (Quotes)

    Victor Oviedo, Investview CEO, commented, “during the first quarter of 2025, Investview continued to make strategic progress across its diversified operating segments. In our financial education and direct selling division, iGenius generated $8.8 million in net revenue. While this represented a material contraction in our business compared to the prior-year period, the business remains focused on long-term growth through the planned expansion of its global sales network and the planned integration of health and wellness offerings from myLife Wellness.

    “Our blockchain and crypto mining division, SAFETek, produced 9.12 Bitcoin during the quarter despite facing significant headwinds including the April 2024 halving event, a network difficulty increase of over 3.5%, and a government-mandated energy curtailment. These challenges were met with proactive operational adjustments, including the retirement of legacy hardware and the deployment of next-generation ASIC miners. SAFETek remains debt-free on all equipment purchases and holds a reserve of approximately 2,900 mining machines, preserving flexibility for future expansion.

    “In our health, beauty, and wellness segment, Renu Labs generated $0.4 million in net revenue for the quarter, with revenues to date in Q2 2025 already exceeding first-quarter results. Strategic investments in production technology, equipment, and personnel are expected to lead to continued improvements in output and efficiency. The Company continues to position itself as a nimble and scalable manufacturer serving both proprietary and third-party CMO clients.

    “Our fintech division also advanced with the continued development of Opencash Securities LLC. As a mobile-first platform for low-cost, and commission-free trading of stocks, ETFs, and options, “Opencash is progressing through clearing integration and platform testing in preparation for launch. The platform is expected to work in tandem with our MPower Prodigio trading engine, offering solutions for both retail and advanced traders under the Opencash and OpencashPro brands.

    “Investview ended the quarter with $17.5 million in cash and cash equivalents, $1.7 million in bitcoin, maintained a strong current ratio of 2.29 and had a working capital balance of $14.2 million, reflecting prudent financial management and positioning the company to capitalize on future growth opportunities across its expanding portfolio.”

    About Investview, Inc.

    Investview, Inc., a Nevada corporation, operates a financial technology (FinTech) services company, offering several different lines of business, including a Financial Education and Technology business that delivers a series of products and services involving financial education, digital assets and related technology, through a network of independent distributors; and a Blockchain Technology and Crypto Mining Products and Services business, including leading-edge research, development and FinTech services involving the management of digital asset technologies with a focus on Bitcoin mining and the new generation of digital assets. In addition, we are in the process of creating a Brokerage and Financial Markets business within the investment management and brokerage industries by, among others, commercializing on a proprietary trading platform we acquired in September 2021. For more information on Investview, please visit: www.investview.com.

    About Opencash Securities LLC

    Brokerage services are provided by Opencash Securities LLC, a member of FINRA and SIPC. Options involve risk and are not suitable for all investors. Please review Characteristics and Risks of Standardized Options prior to engaging in options trading. Opencash Securities LLC does not provide investment advice. Please consult with investment, tax, or legal professionals before making any investment decisions. All investments involve risks, including the possible loss of capital. Check the background of this investment professional on BrokerCheck. Opencash Securities LLC is a wholly-owned subsidiary of Investview, Inc.

    Forward-Looking Statement

    All statements in this release that are not based on historical fact are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies, and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. These forward-looking statements are based on Investview’s current beliefs and assumptions and information currently available to Investview and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Our forward-looking statements expect that we will be able to expand the scope and scale of our iGenius network, despite the recent material contractions in its business. Our forward-looking statements also expect that we will ultimately be able to develop retail brokerage operations at Opencash, although it is currently in the pre-revenue and early stage of its operations. We plan to do this by, among others, investing the funds we believe are necessary to develop the infrastructure necessary to achieve retail operations. This includes, among others, the on-boarding of customer support personnel and software developers, the development and implementation of a marketing strategy, the securing of necessary securities clearing arrangements, and the continued development of the online Opencash trading platform and completing its integration with the proprietary algorithmic trading platform we acquired in September 2021. Despite our best efforts, there can be no assurance that we will be able to achieve these objectives on a timely basis, if at all, as the development of an early-stage securities brokerage business involves inherent regulatory and operational risks and uncertainties, including the uncertain ability of us to integrate the Opencash investment platform application with the proprietary algorithmic trading platform we acquired in September 2021, particularly as the platform we acquired in 2021 has not been placed in commercial service since 2021; thus, any such integration could be subject to IT-related and commercial risks. More information on potential factors that could affect Investview’s financial results is included from time to time in Investview’s public reports filed with the U.S. Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. The forward-looking statements made in this release speak only as of the date of this release, and Investview, Inc. assumes no obligation to update any such forward-looking statements to reflect actual results or changes in expectations, except as otherwise required by law.

    Investor Relations
    Contact: Ralph R. Valvano
    Phone Number: 732.889.4300
    Email: pr@investview.com

    Reconciliation of Gross Revenue to Net Revenue
    (unaudited)

    As used in this report, Gross Revenues are not a measure of financial performance under United States Generally Accepted Accounting Principles (“GAAP”). Gross Revenues are presented as they are used by management to understand the total revenue before certain items such as refunds, incentives, credits, chargebacks, and amounts paid to third party providers. The non-GAAP Gross Revenue measure is a supplement to the GAAP financial information. A reconciliation between Gross Revenue (non-GAAP) and Net Revenue is presented in the table below.

    Gross Revenue (non-GAAP) to Net Revenue reconciliation for the three months ended March 31, 2025 is as follows:

        Membership
    revenue
        Mining revenue     Health and wellness product sales     Other Revenue     Total  
    Gross billings/receipts   $ 9,439,857     $ 862,944     $ 368,443     $ 7,344     $ 10,678,588  
    Refunds, incentives, credits, and chargebacks     (648,414 )           (122 )           (648,536 )
    Net revenue   $ 8,791,443     $ 862,944     $ 368,321     $ 7,344     $ 10,030,052  

    Gross Revenue (non-GAAP) to Net Revenue reconciliation for the three months ended March 31, 2024 is as follows:

        Membership
    Revenue
        Mining Revenue     Total  
    Gross billings/receipts   $ 13,851,294     $ 2,642,599     $ 16,493,893  
    Refunds, incentives, credits, and chargebacks     (821,976 )           (821,976 )
    Net revenue   $ 13,029,318     $ 2,642,599     $ 15,671,917  

    The MIL Network

  • MIL-OSI: Apache Corporation Tree Grant Program Opens U.S. Applications for 2025-2026 Planting Season

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, May 14, 2025 (GLOBE NEWSWIRE) — Apache Corporation, a subsidiary of APA Corporation (Nasdaq: APA), today announced the opening of applications for the Apache Corporation Tree Grant Program’s 2025-2026 planting season. To receive tree grants, applicants must be based in the United States.

    Since 2005, the program has partnered with more than 1,000 nonprofit organizations and government agencies across the company’s U.S. operating areas. In 2023, the program surpassed the significant milestone of donating more than 5 million trees to U.S. partners and expanded internationally launching a similar program in Scotland, where the company also operates.

    “We maintain a legacy of supporting land conservation through our environmental stewardship initiatives,” said John J. Christmann IV, Apache’s chief executive officer. “Our award-winning Tree Grant Program is a key part of this as we focus on enhancing public green spaces through reforestation and environmental education. We have worked with a range of partners over the last 20 years to support conservation efforts, whether it is to enrich neighborhoods, preserve natural habitats, or restock areas affected by natural disasters. Our team at Apache is honored to collaborate with our tree grant partners to create a more sustainable world for future generations.”

    The program is open to U.S.-based nonprofit organizations and government agencies in Texas and Louisiana. Grant recipients must request a minimum of 50 one-gallon, three-gallon or five-gallon trees per project or a minimum of 1,000 bareroot seedlings. Additionally, recipients must agree to receive all awarded trees in a single delivery and are required to provide ongoing care and maintenance of the trees. Grant awards will be announced Oct. 1, 2025, and all trees must be received and planted or distributed no later than May 31, 2026.

    Last season, Apache donated more than 134,000 trees to 52 nonprofit partner organizations in the U.S., including carbon mitigation efforts with Houston Wilderness, an alliance of business, environmental and government interests protecting the Gulf Coast ecoregion, and In Alpine, Texas, BBCA is a nonprofit organization that serves local wildlife by nurturing relationships within shared environments to create inclusive, equitable and just approaches to conservation with communities in the region. The company also partnered with TPWD has provided outdoor recreational opportunities by managing and protecting wildlife, parklands and historic areas that are essential to the natural and cultural resources of Texas.

    For more information and to apply to the 2025-2026 Apache Tree Grant Program, please visit www.apachelovestrees.com to submit an application by the July 13, 2025, deadline. To view the Apache Tree Grant Program video and learn more, click here.

    About Apache

    Apache Corporation, a wholly owned subsidiary of APA Corporation (Nasdaq: APA), is an oil and gas exploration and production company with operations in the United States, Egypt and the United Kingdom. Apache’s parent corporation, APA Corporation, posts announcements, operational updates, investor information and press releases on its websitewww.apacorp.com.

    About Apache Corporation Tree Grant Program

    Founded in 2005, the Apache Corporation Tree Grant Program is a philanthropic initiative of Apache Corporation that donates trees to nonprofits and government entities in the company’s operational areas. The program focuses on grants that support large-scale conservation, protection of habitats for wildlife and native species, as well as the restoration and enhancement of public greenspaces. This award-winning environmental stewardship initiative has provided more than 5 million trees to over 1,000 to qualified partners in the U.S. In addition to the development and improvement of public parks and greenspaces, community partners often request trees to support a broad range of conservation efforts, including preservation of natural habitats and reforestation. To learn more about the program, visit www.apachelovestrees.com.

    APA-T

    The MIL Network

  • MIL-OSI United Kingdom: New Lord Mayor of Westminster Elected at Full Council | Westminster City Council

    Source: City of Westminster

    Councillor Paul Dimoldenberg has been elected the new Right Worshipful Lord Mayor of Westminster following a vote at Full Council tonight (14th May).

    Speaking at the Mayor Making event held at Marylebone Town Hall, Cllr Dimoldenberg said:

    It is a huge honour and a privilege to serve as Lord Mayor; the culmination of my political career. We are lucky that so many different communities call Westminster their home and it will be a privilege to represent them all as their First Citizen. I hope during my time as Lord Mayor, I can meet as many people and communities as possible in all parts of Westminster”.

    Cllr Dimoldenberg has represented Hyde Park Ward since May 2022. He was first elected to Westminster City Council to represent Harrow Road Ward from 1982 to 1990 and was later elected to represent Queen’s Park Ward from 1997 to 2022. From 2022 to 2025, he was Cabinet Member for City Management and Air Quality, having previously been the Opposition’s City Management spokesperson. He was also the Leader of the Opposition from 1987-1990 and from 2004-2015, and has served on a wide range of committees, including as Chair of the Education Overview and Scrutiny Committee.

    He has chosen two charities to support throughout the year. These are the Avenues Youth Project a youth centre in Queens Park and Hotel School who provide training in the hospitality industry to those who have experienced homelessness. His chosen consorts for the mayoral year will be his wife Linda and two daughters, Amelia and Zoe. 

    Upon election, the new Lord Mayor said:

    I chose the Avenues Youth Project as one of my charities as I have known the organisation for over 25 years and am a strong supporter of the great work they do with young people in North Paddington.”

    “Hotel School is my other charity choice. I heard the founder, Jeremy Goring, give an inspirational talk about the practical ways in which Hotel School helps homeless and other vulnerable people learn the skills to build a career in the hospitality industry.”

    In his spare time, the Lord Mayor enjoys going to the cinema and theatre, watching Manchester United, and listening to jazz and brass band music. An avid historian, the new Lord Mayor has written five books on British and local Westminster political history. Born in Manchester, he moved to Westminster in 1973 and has been involved in Westminster politics ever since.

    During his term, he plans to be ‘the walking Lord Mayor’ with a programme of walks promoting environmental and personal wellbeing and encouraging residents to explore and learn more about their local area.

    At the special Full Council service, the Lord Mayor presented Cllr Robert Rigby with an illuminated Vote of Thanks together with a past Lord Mayor’s badge and a past Lady Mayoress badge to Emiko Murai Rigby.

    MIL OSI United Kingdom

  • MIL-OSI Global: Andor showcases the power of music to oppose tyranny – an homage to the French Resistance

    Source: The Conversation – UK – By Clare V. Church, Fellow of the Institute of Historical Research, School of Advanced Study, University of London

    Warning: this article contains spoilers for Andor season two, up to episode nine.

    This week, many fans are diving into the final episodes of Andor season two on Disney+. Meanwhile, others are still reeling from last week’s powerful episode.

    Episodes seven through nine of the Star Wars spin-off show depicted the tragedy of the fictional Ghorman massacre and its political fallout. Set chronologically two years before Star Wars: Episode IV – A New Hope, the episodes present the peaks of the Galactic Empire’s oppressive rule over the planet Ghorman, which culminates in a mass slaughter of peaceful Ghor protesters in the capital city’s main plaza.

    Episode eight, Who Are You?, is a poignant portrayal of propaganda, collective resistance and military force.

    A particularly emotive scene comes when Lezine (Thierry Godard) – a member of a local rebel group called the Ghorman Front – begins to sing in the midst of the Ghor’s demonstration. Soon, all members of the peaceful protest join Lezine’s chorus in an act that signals not aggression, but community.


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    The moment echoes the French Resistance’s use of music to defy Nazi rule throughout the second world war. The French Resistance was a movement of civilians and combatants who opposed the German occupation of France.

    While the episode’s parallels to Earth-side conflicts throughout historical and modern eras do not start and stop with the French Resistance, it is worth unpacking these similarities further. Doing so reveals insights into the power of art — and specifically music – in fighting tyranny.

    The political parallels between Star Wars and Andor

    The Star Wars franchise has long been analysed for its political storytelling. The original trilogy, for instance, makes connections to the French Revolution, the second world war and the Vietnam war. There are overarching themes of colonialism, fascist dictatorship and guerrilla warfare.

    Andor is no exception. Showrunner Tony Gilroy uses two 12-episode seasons to narrate the birth of a rebellion and subsequent revolution. Critics and Star Wars pundits alike have commented on the show’s parallels to historical and contemporary conflicts, with think-pieces and social-media threads comparing season two’s plot points to the America’s 2003 invasion of Iraq, the Russo-Ukrainian war and even the conflict in Gaza.

    The Ghor sing their anthem as an act of defiance in Andor season two, episode eight.

    The Ghorman massacre has become an especially explosive talking point given its significance to the overall series. At the start of season two, it becomes clear that the Galactic empire requires a mineral – kalkite – that is unique to Ghorman to supply its “energy initiative” (the Death Star).

    The empire subsequently launches a devastating propaganda campaign to turn the galaxy against the Ghor. This is done in anticipation of eventually carrying out a genocide against the planet’s people to clear the path for unimpeded mineral extraction. In turn, it is the Ghorman massacre that prompts Senator Mon Mothma (Genevieve O’Reilly) to publicly declare her opposition to the “monstrous” Emperor Palpatine (Ian McDiarmid) and lead the Rebel Alliance – as seen in the films Rogue One (2016) and Episode IV – A New Hope (1977).

    In the lead-up to the Ghorman massacre, some of the Ghor initiate an underground resistance against the empire’s forces – often haphazard and disjointed, but resilient all the same. Several storytelling devices are used to evoke the spirit of the French Resistance.

    For one, Gilroy casts French actors to play many of the Ghorman Front leaders, including Ewens Abid, Thierry Godard and Caroline Vanier. Second, the Ghor language is based on a combination of French phonetics and Italian grammar. Combined with the accents of the Ghor actors, it conjures the feeling of the French language, without directly using its vocabulary.

    The costuming of the Ghor is also suggestive of second world war France, as they don trench coats and berets.

    Music as a tool against tyranny

    In the episode, the protesters sing the Ghor national anthem: We Are The Ghor! Its lyrics yield imagery of the “valley” and “highland”, as well as call upon its nationals to “raise your eyes to homeland skies”, “call your kin to come and sing”, and “tight the weave and roll the sleeve”.

    Describing the creation of the anthem, composer Nicholas Britell remarked that his and Gilroy’s goal was to “create something that felt timeless and authentic, but which could also feel like an emotional rallying cry”.

    The French national anthem, La Marseillaise, has served a similar mandate since its adoption in 1795. It was used as a political tool of resistance throughout the second world war.

    French soldiers are shown singing La Marseillaise in a scene from Casablanca (1942).

    Upon Germany’s defeat of France in 1940, the Nazi occupiers swiftly banned French citizens from singing La Marseillaise. In November 1940, however, thousands of French students and civilians marched around the Arc de Triomphe while chanting the anthem in a show of defiance. To end the display of unity, occupying forces violently dispersed the demonstration, injuring and arresting many.

    Members of the French Resistance also gained a second anthem throughout the war, titled Le Chant des Partisans, which was composed and performed by Anna Marly. Like We Are The Ghor!, the tune evokes rural landscapes, hard workers and kin, as well as issues demands to its listeners-in-arms to “sing” as one.

    There are many accounts of Le Chant being used to oppose Nazi rule. It was played, for instance, over the radio to signal an incoming message for the French Resistance. It was also reportedly hummed between members of the Maquis during sabotage operations. One account even relays the story of French fighters who whistled the song while they were forced by the Germans to dig their own graves.

    The trailer for season two of Andor.

    These examples from history and fantasy demonstrate the power of music to oppose tyranny. While in itself an act of nonviolence, singing in a group is a tool of community building – an indispensable component of overcoming authoritarianism. Tellingly, in an interview with DECIDER, Andor creator Gilroy explained that authoritarianism is always “about the destruction of community”.

    When you sing along with the crowd at a beloved artist’s concert or belt the anthem ahead of a heated sports match, it is the joy of community that is felt – a feeling of oneness among a swath of strangers. It is therefore in this musical moment – reminiscent of not just the French Resistance but of all movements that have deployed music in defiance – that the fictional realm of Andor’s Who Are You? tragically tells the truth.

    For fans, it aptly brings to bear the unshakeable capacity of singing to combat oppression, be it here on Earth, or in a galaxy, far, far away.

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

    ref. Andor showcases the power of music to oppose tyranny – an homage to the French Resistance – https://theconversation.com/andor-showcases-the-power-of-music-to-oppose-tyranny-an-homage-to-the-french-resistance-256522

    MIL OSI – Global Reports

  • MIL-OSI USA: $86M in Capital Funding for Non-profit Arts and Cultural

    Source: US State of New York

    overnor Kathy Hochul today announced $86 million has been awarded through the New York State Council on the Arts’ Capital Projects Fund to support 134 projects in every region of the state. This investment in non-profit arts and cultural organizations across New York supports crucial building renovations, accessibility improvements and new spaces for creative and cultural work. Organizations outside of New York City received 75 percent of the awards, while 75 percent of the awards went to organizations with budgets under $3 million.

    “Our arts and culture sector is a powerhouse, inspiring the world with innovation and creativity,” Governor Hochul said. “By investing in our museums, our theaters and our arts centers, we enrich our communities, strengthen local economies and improve tourism all over the State.”

    NYSCA’s Capital Projects for Arts and Culture are strategic investments that empower organizations to better serve and engage their communities. They enable arts and cultural venues to become more physically accessible and sustainable, enhancing organizations’ abilities to connect with their audiences and become essential destinations for residents and visitors alike. Strong projects combine excellence in design with informed decisions that will serve and strengthen New York’s arts and cultural sector, stimulate local economies, catalyze investment in our communities, and help to ensure the vibrancy of our cultural organizations.

    NYSCA awards announced today include three grant categories: Small and Midsized Capital Improvement Grants, which range from $10,000-$2,000,000; Large Capital Improvement Grants, which range from $2 million-$10 million and focus on large-scale capital projects that prioritize community development and placemaking; and Capital Design Grants, a new opportunity that supports the development of mid-stage and advanced design documents to advance capital projects for arts and cultural nonprofits with awards of $50,000-$500,000. This year, NYSCA also increased the cap on no-match midsize grants to $99,000, greatly expanding access to these critical state dollars.

    NYSCA funding will support a variety of projects, including:

    Small Capital Improvement Grants

    Upper Jay Art Center (North Country)

    The Upper Jay Arts Center will replace its outdated and aging lighting system with a more energy efficient and flexible system, enabling the organization to improve safety and sustainability and better execute its artistic mission.

    New York State Old Tyme Fiddler’s Association, Inc. (Central New York)

    The project will replace the roof and make improvements to the door panels in the organization’s pavilion and drill a new well to provide a reliable source of potable water for the facility. The project will allow visitors and guests to enjoy an attractive, accessible, and safe venue to revel in the presentation of historical music.

    Stitch Buffalo (Western New York)

    This project will include essential site enhancements including soundproofing and improved security measures

    Mid-Sized Capital Improvement Grants

    Gateway Playhouse/Performing Arts Center of Suffolk County (Long Island)

    The Gateway Playhouse will add a 3,525 square-foot addition to its lobby, including a new grand entrance foyer with incorporated patron drop access, a large, multi-purpose gathering room with an updated bar and concession area, a box office and management office space, and a basement below the addition. A LULA elevator will improve access throughout the facility. The project also includes an expansion and renovation of Gateway’s parking facilities, and improvements to patron walkways.

    Klinkhart Hall Arts Center, Inc. (Mohawk Valley)

    This project will complete the first-floor theater, which will feature a stage extension, orchestra pit, restored original seating, new lighting and sound, floor stabilization, and mechanicals, as well as the completion of the basement classrooms.

    The Thomas Poole and Charles Scott Griesa Center Foundation – Veterans Repertory Theater (Mid-Hudson)

    The project will transform a historic bank building and former church into a professional mainstage theater specifically for performances that amplify the voices of military veterans in the American performing arts.

    Large Capital Improvement Grants

    Afro-Latin Jazz Alliance of NY (New York City)

    Inspired by the East Harlem Neighborhood Plan and the Community Visioning Report, the project will create an arts and cultural center that offers youth music education, celebrates local artists, and attracts tourists; provides workforce development opportunities to youth and community; supports small businesses and promotes the local economy; and activates Park Avenue with commercial and community facility uses that serve the neighborhood.

    Genesee-Orleans Regional Arts Council (Finger Lakes)

    The GO Barn! Arts & Cultural Center is a new construction project designed to serve as a dynamic hub for arts, culture, and community engagement in Orleans County, including: a multipurpose arts and cultural center inspired by the historic Wells Barn design; a dedicated space for fiber arts, workshops, and artisan programming; and a greenhouse, designed to grow plants for fabric dyeing and art creation.

    Goodwill Theatre, Inc. (Southern Tier)

    The project will completely renovate the basement, 1st, 2nd and 3rd floors of the 1899 Firehouse to adapt the structure into a 2-stage performance facility, increasing occupancy by 400% and drawing an additional estimated 45,000 patrons annually to the Village Johnson City’s Central Business District.

    Capital Design Grants

    Prattsville Art Project (Capital Region)

    The grant will support the completion of the design process for the transformation of the flood-damaged, unused barn on the Prattsville Art Center property into an open-air studio for the arts.

    Roberson Museum and Science Center (Southern Tier)

    The grant will support the completion of the design process for the Roberson Museum’s future renovation project, which seeks to enhance sustainability, modernize facilities, and optimize the care of exhibits and collections.

    A complete list of grantees is available online.

    New York State Council on the Arts Executive Director Erika Mallin said, “These transformative projects will improve their communities, increase tourism, expand accessibility, create jobs and strengthen New York’s position as the global epicenter of arts and culture. Thanks to the Governor and the Legislature’s continued support of this critical program, we are building a thriving future for our renowned creative sector, as they continue to deliver the measurable benefits of arts and culture all across the state.”

    State Senator Jose Serrano said, “The arts and cultural sector is vitally important for the spirit and economy of New York State and contributes greatly to job creation, cultural enrichment, and economic development in communities. I am happy that Governor Hochul and my colleagues in government are making this critical investment, and I congratulate NYSCA on today’s announcement and its continued commitment to supporting the arts in New York State.”

    Assemblymember Ron Kim said, “Capital projects are critical investments in our health and prosperity: creating jobs, enriching our communities and creating a stronger New York for our residents and visitors. Congratulations to all the grantees: we look forward to seeing these projects grow and expand all over our great state.”

    Since the NYSCA Capital Projects Fund began in 2018, the agency has awarded 607 capital grants, totaling $300 million, across all 10 state regions through the support of the Governor and Legislature. These projects increase employment capacity and advance cultural venues as tourism destinations, strengthening New York’s hospitality, food and beverage, and retail sectors. In addition to the Capital Projects Fund, NYSCA has awarded $62 million in non-capital grants to nearly 1500 arts organizations and more than 500 individual artists for FY 2025.

    Governor Hochul continues to make record investments to grow New York’s national-leading arts and cultural sector. The FY 2026 Enacted Budget includes over $81 million for NYSCA general operating support to non-profit organizations and individual artists, and another $80 million in capital funding to allow NYSCA to offer an additional round of grants for projects of all sizes, ranging from $10,000 to $10 million.

    About the New York State Council on the Arts
    The mission of the New York State Council on the Arts is to foster and advance the full breadth of New York State’s arts, culture, and creativity for all. To support the ongoing recovery of the arts across New York State, the Council on the Arts will award over $161 million in FY 2026, serving hundreds of arts organizations and artists across all 10 state regions. The Council on the Arts further advances New York’s creative culture by convening leaders in the field and providing organizational and professional development opportunities and informational resources. Created by Governor Nelson Rockefeller in 1960 and continued with the support of Governor Kathy Hochul and the New York State Legislature, the Council is an agency that is part of the Executive Branch. For more information on NYSCA, please visit www.arts.ny.gov, and follow NYSCA’s Facebook page, on X @NYSCArts and Instagram @NYSCouncilontheArts.

    MIL OSI USA News

  • MIL-OSI: Nasdaq Applauds Signing of Senate Bill 29, Strengthening Texas’ Standing as a National Leader in Corporate Governance and Innovation

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, May 14, 2025 (GLOBE NEWSWIRE) — Today, Nasdaq issued a statement in support of Texas Senate Bill 29 after Governor Abbott signed the bill into law. This legislation, which codifies the Business Judgment Rule and promotes predictability in corporate governance litigation, enhances Texas’ competitiveness as a jurisdiction for incorporation and business growth. Nasdaq’s Executive Vice Chairman Ed Knight joined Governor Abbott, leadership from the Texas legislature, and other Texas business community leaders for the signing ceremony.

    “Senate Bill 29 is a milestone for corporate governance in Texas. By embracing smart, innovation-focused regulation like SB 29, Texas is showing the world what it means to lead on economic growth and modern, clear governance principles,” said Ed Knight, Executive Vice Chairman of Nasdaq. “We commend Senator Bryan Hughes, Representative Morgan Meyer, and Governor Greg Abbott for advancing legislation that strengthens Texas’ position as a global center for capital formation.”

    Texas has become a national model for innovation-driven policy that balances economic growth with investor confidence. The passage of SB 29 aligns with Nasdaq’s mission to promote fair, efficient, and accessible capital markets, and reinforces Texas as a destination for corporate formation and public company investment. Nasdaq has a longstanding history of advocating for clients by minimizing the complexity associated with navigating the public markets. Its efforts for corporate issuers encompass addressing issues such as the SEC’s proposed climate disclosure rules, cyber disclosure rules, proxy advisory reform, AI regulation, PCAOB reforms, and emerging growth company timelines.

    “At Nasdaq, we are honored to have been part of the Texas community for nearly two decades” said Rachel Racz, Senior Vice President, Head of Listings for Texas, Southern U.S. and Latin America at Nasdaq. “We remain committed to advocating for our clients on both a federal and local level and supporting the bold Texas leadership that continues to power our state’s dynamic economy.”

    Nasdaq’s presence in Texas continues to expand. The company recently announced the opening of a new regional headquarters in Dallas, serving as a Southeast hub and convening space for its Texas-based clients. Nasdaq currently is home to over 200 listed companies headquartered in the state and generates over $750 million in revenues in Texas and the Southeast region of the U.S., partnering with over 2,000 clients, approximately 800 of which are based in Texas.

    About Nasdaq

    Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.

    Nasdaq Media Contact

    Michelle Mendiola
    (646) 634-8350
    michelle.mendiola@nasdaq.com

    Chris Hayden
    (301) 523-5829
    christopher.hayden@nasdaq.com 

    Cautionary Note Regarding Forward-Looking Statements

    Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, information regarding our regional presence. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to, Nasdaq’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

    The MIL Network

  • MIL-OSI: Boralex announces the election of its directors and highlights of its Annual Meeting of Shareholders

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, May 14, 2025 (GLOBE NEWSWIRE) — Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) held its annual meeting of shareholders earlier today. During the meeting chaired by Alain Rhéaume, Chairman of the Board, shareholders elected directors and adopted the resolutions proposed.

    Mr. Rhéaume opened the meeting by outlining Boralex’s highlights for the year 2024, during which the Company continued to stand out thanks to the agility and flexibility that have long characterized it. He pointed out that the Company had achieved several important and structuring achievements in 2024, in addition to maintaining its growth strategy aimed at sustainability and value creation. He also underlined the arrival of three new directors: Ricky Fontaine, Nadia Martel and Rémi G. Lalonde. These appointments reflect a commitment to ongoing renewal and to maintaining the highest level of expertise, skills and diversity on the Board of Directors. Finally, Mr. Rhéaume announced to shareholders that Boralex’s 2030 Strategy will be presented at an Investor Day on June 17.

    Election of directors 

    All nominees proposed in the Management Proxy Circular dated March 7, 2025, were elected directors of Boralex by the shareholders present or represented by proxy at the meeting. The results of the vote were as follows: 

    Nominee  For  Against 
      # % # %
    André Courville 76,556,022 98.95 812,983 1.05
    Lise Croteau 76,824,339 99.30 544,666 0.70
    Patrick Decostre 76,561,100 98.96 807,905 1.04
    Marie-Claude Dumas 74,681,322 96.53 2,687,683 3.47
    Ricky Fontaine 74,609,408 96.43 2,759,597 3.57
    Rémi G. Lalonde 75,192,680 97.19 2,176,325 2.81
    Patrick Lemaire 75,020,952 96.97 2,348,053 3.03
    Nadia Martel 77,339,203 99.96 29,802 0.04
    Dominique Minière 76,551,622 98.94 817,383 1.06
    Alain Rhéaume 72,224,746 93.35 5,144,259 6.65
    Zin Smati 75,171,508 97.16 2,197,496 2.84
    Dany St-Pierre 76,127,159 98.39 1,241,845 1.61

    The final voting results on all questions submitted to a vote at the Annual Meeting will be filed with SEDAR+ (www.sedarplus.ca).

    About Boralex

    At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has more than doubled to over 3.2 GW. Our pipeline of projects and growth path total over 78GW in wind, solar and electricity storage projects. We develop those projects guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, our discipline, our expertise and our diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.  

    For more information, visit boralex.com or sedarplus.com. Follow us on Facebook, Twitter, LinkedIn and Instagram.

    For more information

    MEDIA INVESTOR RELATIONS
    Camille Laventure
    Senior Advisor, Public Affairs and External
    Communications

    Boralex Inc.

    438-883-8580
    camille.laventure@boralex.com

    Stéphane Milot
    Vice President, Investor Relations and Financial
    Planning & Analysis

    Boralex Inc.

    514-213-1045
    stephane.milot@boralex.com

    Source: Boralex inc.        

    The MIL Network

  • MIL-OSI Europe: Answer to a written question – Environmental impact of the Commission’s AI Continent strategy – E-000722/2025(ASW)

    Source: European Parliament

    The initiatives of the artificial intelligence (AI) Continent Action Plan[1] are aligned with the EU Green Deal. The hosting sites of the AI Factories were notably selected on sustainability criteria. The AI Factory initiative emphasises green computing through energy-efficient supercomputers, dynamic power saving methods, and advanced cooling systems. The AI Factory in Jülich will be built around the JUPITER Exascale Supercomputer, whose first module currently is the world’s most energy-efficient system[2]. Additionally, the Commission will hold dialogues with consortia interested in launching sustainable AI Gigafactories.

    Moreover, the upcoming Cloud and AI Development Act will create the incentives to build sustainable data centres. It will aim to advance research and innovation in resource-efficient data processing infrastructures, software, and services that enable the development and adoption of AI. This includes research to improve the integration of data centres into energy and water systems. Likewise, the announced strategic roadmap for digitalisation and AI in the energy sector will propose measures to facilitate the sustainable integration of data centres into the energy system, and the forthcoming Water Resilience Strategy will look at reducing water footprint.

    The AI Act[3] requires providers of general-purpose AI models to document the computational resources used to train the model and known or estimated energy consumption[4]. The Commission, through its AI Office, is currently steering the development of a code of practice with commitments on how to implement those rules[5]. Further voluntary codes of conduct will be drawn up in the future, including as regards environmental sustainability of AI systems[6].

    • [1] https://commission.europa.eu/topics/eu-competitiveness/ai-continent_en
    • [2] https://top500.org/lists/green500/.
    • [3] https://eur-lex.europa.eu/eli/reg/2024/1689/oj/eng.
    • [4] See point (a) of Article 53(1) and points (d) and (e) of Annex XI(2) AI Act.
    • [5] See Article 56 AI Act. According to Article 56(9) AI Act, this code of practice should be ready in May 2025, in anticipation of the rules for general-purpose AI models entering into application on 2 August 2025 according to point (b) of Article 113 AI Act.
    • [6] See point (b) of Article 95(2) AI Act.
    Last updated: 14 May 2025

    MIL OSI Europe News

  • MIL-OSI Asia-Pac: Speech by CE at Partnering for Success – Hong Kong as a “Super Connector” and “Super Value-adder” High-level Business Luncheon in Kuwait (English only)

    Source: Hong Kong Government special administrative region

    Following is the speech by the Chief Executive, Mr John Lee, at the Partnering for Success – Hong Kong as a “Super Connector” and “Super Value-adder” High-level Business Luncheon in Kuwait today (May 14):

    Your Excellency Khalifa Abdullah Dhahi Al-Ajeel Al-Askar (Minister of Commerce and Industry of Kuwait), Excellency Ambassador Zhang Jianwei (Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to the State of Kuwait), Excellency Mr Rabah Al-Rabah (Director General of Kuwait Chamber of Commerce and Industry), distinguished guests, ladies and gentlemen, 

    As-salamu alaykum. Good afternoon. It is a great pleasure to be with you today in Kuwait, home to one of the world’s largest oil reserves, and a country as committed to talent development as it is to economic diversification. 

    This is our second day in your resplendent capital, Kuwait City, where past, present and future – in design, culture, lifestyle and so much more – come together like no other city in the world.

    Yesterday, I was honoured to have met with His Highness Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, the Amir of Kuwait; His Highness Sheikh Sabah Al-Khaled Al-Hamad Al-Mubarak Al-Sabah, the Crown Prince of Kuwait; His Excellency Sheikh Fahad Yousuf Saud Al-Sabah, Acting Prime Minister of Kuwait, and other senior government officials. I thanked them sincerely for the time, interest and hospitality they have shown us, from the moment we arrived in Kuwait. Kuwait has generously arranged for our government delegates to stay at Bayan Palace, a majestic landmark in Kuwait City. I reaffirmed to them the commitment, and sincerity, of Hong Kong and Mainland China in strengthening relations with Kuwait.  

    Yes, I am delighted to be here. So too, are the business and professional leaders with me, a delegation counting some 30 Hong Kong business and institutional heads, together with high-profile representatives of over 20 Chinese Mainland companies from seven provinces and municipalities across the country.

    The delegation brings with them wide-ranging expertise, and invaluable experience, from both Hong Kong and Mainland China, in green development, and innovation and technology, including advanced manufacturing, artificial intelligence, new energy and materials, health and smart city evolution. They also offer Hong Kong’s wealth of experience in finance, infrastructure, transport and logistics, as well as global business operations and deal-making.

    We are here to better understand the opportunities of Kuwaiti business and investment. To explore how Hong Kong, Mainland China and Kuwait, working together, can create long-term mutual opportunities.

    We’re also here to explore closer ties with the Gulf Cooperation Council (Cooperation Council for the Arab States of the Gulf, GCC), which, as all of you know, includes Kuwait. Kuwait currently holds the presidency of the GCC, wielding significant influence in the region’s development.

    Our ties run deep and far. China, our country, and Kuwait established diplomatic ties in 1971 – making Kuwait the first GCC country to do so. Last year, trade between China and Kuwait reached well over US$16 billion. 

    Kuwait, I’m pleased to note, was the first country in the Middle East to sign a Belt and Road co-operation document with China. From of the Central Bank of Kuwait’s headquarters building and housing projects, to telecommunications and smart city developments, Chinese enterprises have participated in numerous infrastructure and business projects here.

    Hong Kong treasures its trade ties with Kuwait, too. Last year, our bilateral merchandise trade totalled US$200 million, up more than 21 per cent over the year before. 

    Hong Kong’s trade with the GCC last year reached nearly US$20 billion, up 53 per cent over the past four years. And that robust growth is underpinned by our mutual will to advance trade ties.

    Thanks to our internationally recognised professional services sector, Hong Kong is a pivotal player in the Belt and Road Initiative. In 2023, we included a Middle East Forum, for the first time, at our annual Belt and Road Summit. And we continue to feature Middle East speakers and guests at the Summit. 

    Hong Kong’s Belt and Road Summit will take place in September this year. As earlier the Chairman of the Trade Development Council (Hong Kong Trade Development Council) said, it’s our 10th anniversary Summit, and I invite you all to join us, to take part in a world of Belt and Road opportunities – in business, investment and more.

    And the Asian Financial Forum, Hong Kong’s flagship event bringing together prominent leaders in finance and business sectors, hosted its first GCC Chapter this January. 

    Yes, the ties between Hong Kong and the Middle East continue to grow and diversify. 

    They include the launching of the Middle East’s first two exchange-traded funds tracking Hong Kong stocks. Hong Kong is partnering with a Middle East sovereign wealth fund, too. Together, we are committed to jointly establishing a US$1 billion fund, investing in companies connected to Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area.  

    The Greater Bay Area, let me add, is a cluster city development that brings together Hong Kong, Macao and nine southern cities in China. The fast-integrating regional economic powerhouse presents a collective GDP (Gross Domestic Product) that closely rivals the world’s 10th largest economy.

    Hong Kong has much to offer Kuwait. Asia’s financial hub and one of the world’s three biggest financial centres, Hong Kong is also the world’s largest offshore Renminbi business centre. Coupled with our Islamic finance experience, Hong Kong is a trusted partner in your project financing – today and long down the road. 

    Free trade is among our great competitive advantages, fuelling our success for the past two centuries. Hong Kong is a free port, and we will continue to be a free port. Like our country, we are a vocal advocate of a multilateral, rules-based global economy, in spite of mounting protectionism and geopolitical tensions.

    And that, ladies and gentlemen, is a testament to our “one country, two systems” governing principle at work. 

    Under the principle, the Hong Kong Special Administrative Region has its own legal, legislative and judicial systems. Our legal system is a common law system, similar to that in many major financial hubs around the globe. We maintain our own currency, with no capital or foreign exchange controls. Information, capital, goods and people flow freely in Hong Kong. 

    The principle of “one country, two systems” also gives Hong Kong unparalleled access to our country’s markets and wide-ranging opportunities. It allows us, as well, to pursue our longstanding ties with the world at large, the Middle East very much included. 

    As today’s luncheon title, Partnering for Success: Hong Kong as a “super connector” and “super value-adder” emphasises, we do more than connecting companies and people. We also add value to their businesses, their services and their future.

    With companies and investors from Mainland China, and all over the world, looking for a financial haven in this time of global economic uncertainty, Hong Kong is flourishing, and keen to work with you, our partners. 

         An international financial newspaper, spotlighting the Hong Kong Exchange and its record quarterly profits, recently noted that Hong Kong has, and I quote, “benefited from a spate of initial public offerings and rising interest from Mainland Chinese and global investors in Hong Kong-listed shares, especially of technological-related companies, driven by optimism over China’s progress in artificial intelligence”. 

    That speaks of Hong Kong’s “one country, two systems” advantages working for you – linking a world of investors to the secure and rapidly growing Chinese market.

    It helps, and greatly, that Hong Kong’s economy is inextricably tied to our common law system and a judiciary that exercises its powers independently, a legal regime that resembles many of the world’s leading financial hubs. They give international companies and investors – Kuwait certainly included – all the confidence and the certainty they need to do business, in Hong Kong and throughout China. Kuwait certainly included.

    Ladies and gentlemen, I’m pleased to note that during our visit, Hong Kong and Kuwait have reached consensus on 24 concrete deliverables, through MOUs and related agreements. A ceremony will take place in just a moment.  

    The agreements cover a broad range of collaboration, from trade and the economy, to investment promotion, financial services, aviation and the maritime industries, post-secondary education, the legal profession, sports and more. 

    And our customs authorities will commence negotiations on the mutual recognition of respective Authorized Economic Operator Programmes. This will create smoother, more convenient international links for our respective companies, making it much easier to do business together.  

    Our Airport Authority Hong Kong will soon sign a new MOU with Kuwait Airways, aimed at enhancing air connectivity between the two regions, fostering operational excellence, supporting sustainability, and advancing talent development in the aviation sector.  

    They will lay a solid foundation for long-term collaboration between our two economies and our two peoples. 

    That just touches on our growing co-operation. Indeed, we are now looking into opening a second Hong Kong Economic and Trade Office in the GCC region, to manage our many ongoing Middle East projects and prospects in the offering.

    One key area is boosting merchandise trade between our economies. Hong Kong, I’m pleased to say, has signed Comprehensive Double Taxation Agreements (IPPA) with five of the six GCC states. We have also entered into Investment Promotion and Protection Agreements with three of the states, with Kuwait being the first. We have also substantially concluded negotiations on an IPPA with Qatar, our previous stop on this trip, and commenced negotiations with another state. 

    Indeed, our burgeoning trade and investment co-operation, I believe, could well add momentum to the possibility of a free trade agreement between Hong Kong and the GCC. I look forward to our continuing discussions with the Council.

    Beyond business and investment connectivity, there is boundless promise, too, in co-operating in sectors such as arts and culture. 

    Yesterday, we had the pleasure of visiting the dazzling Sheikh Abdullah Al Salem Cultural Centre, one of the world’s largest museum complexes. Seeing, firsthand, Kuwait’s compelling commitment to arts, culture and science. I must add that Kuwait is this year’s Arab Culture Capital, presenting nearly 100 activities as part of the country’s cultural celebration.

    Like Kuwait, Hong Kong believes in the primacy of arts and culture. Meanwhile, Hong Kong’s West Kowloon Cultural District is rising as one of the world’s largest cultural developments. And we are committed to becoming the world’s East-meets-West centre for international cultural exchange. That very much includes Kuwait and the Middle East in general.

    My thanks to our Hong Kong Economic and Trade Office in the Middle East and the Hong Kong Trade Development Council for organising today’s welcome gathering. And to the Kuwait Direct Investment Promotion Authority and the Kuwait Chamber of Commerce and Industry for kindly supporting us on this memorable occasion.

    Ladies and gentlemen, I know you will enjoy today’s luncheon. Including, let me add, a musical performance by TroVessional, a Hong Kong group dedicated to Cantonese and Chinese ethnic music, brought to engaging life with classic Chinese instruments.

    Enjoy it and thank you!

    MIL OSI Asia Pacific News

  • MIL-OSI USA: ICE, SLCPD investigation sends woman to prison for 25 years for producing child exploitation material involving toddler

    Source: US Immigration and Customs Enforcement

    ST. LOUIS — U.S. District Judge Rodney W. Sippel on Tuesday sentenced a woman from St. Louis County, Missouri to 25 years in prison for producing child sexual abuse material involving a two-year-old, following a U.S. Immigration and Customs Enforcement, St. Louis County Police Department investigation.

    Judge Sippel also ordered Raven Ainesis Pointer, 27, to pay $15,000 in restitution. After her release from prison, Pointer will be on supervised release for life.

    Pointer pleaded guilty in October in U.S. District Court in St. Louis to one count of production of child pornography. Pointer admitted coercing the victim in 2022 into engaging in sexual conduct and using her phone to produce videos containing child sexual abuse material.

    On six occasions, Pointer recorded the sexual abuse of the toddler and shared it with others for their “perverse sexual” entertainment, a sentencing memo filed by Assistant U.S. Attorney Tiffany Becker says. In jail, Pointer continued to try and contact the child and berated the child’s father for seeking restitution, the memo says.

    “The production and sharing of child sexual abuse material is an appalling betrayal of human decency. This defendant targeted an innocent toddler – someone who should have been protected, not exploited – and did so for her own twisted purposes and the gratification of others who feed on this sickness. Crimes like this are not only horrific, but they are also unforgivable,” said ICE Homeland Security Investigations Kansas City Special Agent in Charge Mark Zito. “We will use every tool we have to find predators like this, to stop them, and make sure they spend as many years as possible behind bars. There is zero tolerance for those who harm children.”

    The investigation began in August of 2023 in Montgomery, Alabama, where ICE HSI special agents learned that a man who had been distributing child sexual abuse material had received videos involving a two-year-old victim from Pointer. Investigators then tracked down Pointer in St. Louis. This case was brought as part of Project Safe Childhood, a nationwide initiative to combat the growing epidemic of child sexual exploitation and abuse launched in May 2006 by the Department of Justice. Led by U.S. Attorneys’ Offices and the Department of Justice Criminal Division’s Child Exploitation and Obscenity Section, Project Safe Childhood marshals federal, state and local resources to better locate, apprehend and prosecute individuals who exploit children via the internet, as well as to identify and rescue victims.

    If you suspect a child may be a victim of online CSEA, call the Know2Protect Tipline at 1-833-591-KNOW (5669) or visit the NCMEC CyberTipline™. If you believe a child has been abducted or is in immediate danger, contact local law enforcement and the NCMEC Tipline at 1-800-THE-LOST (1-800-843-5678).

    Know2Protect is a national public awareness campaign from the Department of Homeland Security. K2P’s aim is to educate and empower children, teens, parents, trusted adults, and policymakers to prevent, combat, and report online child sexual exploitation and abuse. For more information, please visit our YouTube playlists at Know2Protect Campaign PSA Playlist and Know2Protect Digital Safety Series Playlist on the DHS main channel. Additional resources are available at know2protect.gov and @Know2Protect on Instagram, Facebook and X.

    MIL OSI USA News

  • MIL-OSI USA: LEADER JEFFRIES: “REPUBLICANS CAN’T DEFEND THESE MEDICAID CUTS, THAT’S WHY THEY’RE TRYING TO HIDE THEM”

    Source: United States House of Representatives – Congressman Hakeem Jeffries (8th District of New York)

    Today, Democratic Leader Hakeem Jeffries appeared on CNN’s The Situation Room with Wolf Blitzer where he emphasized that Democrats will continue pushing back against the reckless Republican scheme to rip healthcare and nutritional assistance away from the American people. 

    WOLF BLITZER: Turning back now to the very contentious budget battle here in Washington, Republicans remain sharply divided over funding key pieces of President Trump’s agenda, as Democrats hammer them for proposing major cuts to Medicaid. For more on that, I want to bring in the House Minority Leader, the Democratic Congressman Hakeem Jeffries. Congressman, thanks so much for joining us. From your vantage point, do you think Republicans have the votes to get these important pieces of legislation through committee and onto the House Floor?

    LEADER JEFFRIES: Well, that remains to be seen. House Democrats are going to continue to stand up on behalf of the American people and make clear that what Republicans are trying to do will actively harm everyday Americans. This reckless Republican budget would inflict the largest healthcare cut to Medicaid in American history, and at the same time, inflict the largest cut to supplemental nutritional assistance to the American people in history, literally taking food out of the mouths of children, veterans and seniors. It’s shameful and Republicans need to stand up for their constituents and stop being a reckless rubber stamp for Donald Trump’s agenda.

    WOLF BLITZER: And on that point Leader Jeffries, how does it—what does it say to you that many of these proposed Medicaid cuts in the current proposal are scheduled to take effect after the 2026 midterm elections?

    LEADER JEFFRIES: Well, once you set these cuts in motion, there will be a dramatic impact on the healthcare ecosystem. And so, despite the Republican gamesmanship, the reality is, if you begin to set in motion collapsing the healthcare system in the United States of America, and more than 80 million Americans rely on Medicaid for their health insurance, what’s going to happen is that hospitals are going to close, nursing homes are going to shut down and, in fact, people will die. And so, this is a matter of life and death, no matter what type of legislative gamesmanship Republicans are playing, they can’t defend these Medicaid cuts. And that is why they are trying everything they can to try to hide them from the American people.

    WOLF BLITZER: Republicans, Leader Jeffries, say they can save a significant amount of money by cutting Medicaid funding to those states that help undocumented immigrants purchase health insurance. What’s your position on that proposal? And if Democrats try to fight that proposal, do you worry it could open up your members to Republican attacks that they support tax dollars, U.S. tax dollars going to people who are in the United States illegally?

    LEADER JEFFRIES: Well, this is actually another lie in terms of what Republicans are trying to do. The Congressional Budget Office has been clear that if these Medicaid cuts were to become law, approximately 14 million Americans will lose their healthcare. And the Republicans aren’t even trying to make the argument that the overwhelming majority of those 14 million Americans aren’t actually citizens. Of course they are. These are everyday Americans who work hard. They’re our children and our families and our women and everyday Americans with disabilities. And, of course, those seniors who rely on Medicaid for their nursing home care or for their home care.

    WOLF BLITZER: Another key disagreement, as you know, is among Republicans—a disagreement among Republicans—is what to do about state and local tax deductions that primarily benefit blue states out there. You’ve called on letting the caps on those deductions expire altogether, but that would cost the government a significant amount of revenue. So where else would you find that money?

    LEADER JEFFRIES: Well, one of the things that we should be doing is providing tax relief to working families, working-class Americans, middle-class Americans, those who have been struggling to live paycheck to paycheck. Donald Trump and House Republicans spent all of last year promising that they were going to lower the high cost of living. In fact, they promised, Wolf, that costs would go down on day one. We know that’s not happened. Costs, in fact, aren’t going down. They’re going up. Inflation is going up. And Donald Trump, with his reckless tariffs, is actually crashing the economy and driving us toward a painful recession. And instead of trying to actually provide tax relief to help out those everyday Americans to build an affordable economy, part of this GOP tax scam is to cut Medicaid, hurt veterans, cut nutritional assistance to families and children and others, all to give massive tax breaks to their billionaire donors like Elon Musk. The more we expose this tax scam, the worse it gets for Republicans, which is why they are on the run, it’s why they’re not holding town hall meetings and it’s why they’re trying to manipulate the facts and the reality of this toxic piece of legislation.

    WOLF BLITZER: As you know, President Trump is in Qatar right now amid major bipartisan criticism over his plan to accept a luxury jet from that country. Are you and your Republican colleagues in Congress taking any steps to try to stop the President of the United States from accepting this gift from Qatar?

    LEADER JEFFRIES: Pursuant to the United States Constitution, it’s our view that in order for the president to accept this flying palace in the sky, a $400 million gift, which is a joke and an embarrassment, and it’s malignant, that it’s even under consideration, but in order for the president to lawfully accept this flying palace in the sky, he has to come before Congress pursuant to the Constitution, and ask permission to accept what is technically referred to as an emolument. It’s a fancy word for gift from a foreign power that the framers of the Constitution were very clear should never be accepted or, if it is accepted, only with the permission of Congress.

    WOLF BLITZER: In regards to the CBO, the Congressional Budget Office, each party asked the CBO to assess different combinations of the bill text. I just wanted to point that out, Congressman. You want to react to that?

    LEADER JEFFRIES: Well, listen, I mean, I think the reality is the Congressional Budget Office is a nonpartisan organization that was stood up in a bipartisan way by Democrats and Republicans for decades in order to provide us with an actual, fact-based assessment of the legislation that we are considering. And the Congressional Budget Office has made clear that these cuts will be devastating to the health, safety and well-being of the American people. And the Republicans can try to run from that fact as much as they want. We will never let them hide it from the American people.

    WOLF BLITZER: Before I let you go, Leader Jeffries, I want to quickly get your thoughts on this new book that’s about to come out from CNN’s Jake Tapper and Axios’s Alex Thompson detailing President Biden’s decline during his time in the White House? According to one rather stunning passage from the book, President Biden didn’t even recognize George Clooney at a fundraiser that the movie star was actually hosting for him. Why should voters trust Democrats when it’s clear so many in your party went to great lengths to keep Biden’s condition hidden from the public?

    LEADER JEFFRIES: Well, I can’t tell you what happened between George Clooney and President Biden. I wasn’t at that event. What I can say is that we’re not looking back. We’re going to continue to look forward, because at this moment, we’ve got real problems that need to be addressed on behalf of the American people, including the Republican effort to snatch away healthcare, snatch away food assistance and hurt veterans.

    WOLF BLITZER: You interacted with President Biden during those days, those final days he was President of the United States. Did you see, did you sense there was a major deterioration?

    LEADER JEFFRIES: Well, in the conversations that I was able to have on behalf of the House Democratic Caucus in those final days, we simply expressed our perspective as to what would be best for the party at that given moment in time. President Biden subsequently made the decision that he was going to pass the baton to Vice President Kamala Harris. Of course, that was the decision that we supported strongly.

    PAMELA BROWN: Just very quickly, I want to ask you, Congressman Jeffries. You know, you say we’re not looking back, we’re looking forward. But what happened in the past has to do with what’s going to happen in the future and whether voters can trust Democrats. As you look back, you were in a leadership position when President Biden decided to run again. Should you have done more at that point to intervene?

    LEADER JEFFRIES: That’s a great question in terms of whether voters can trust Democrats or not. Every single high-profile special election that has taken place since President Trump was inaugurated—a special election victory in Iowa in January, a special election victory in New York in February, a special election victory in Pennsylvania in March, a special election victory in Wisconsin in the Supreme Court race in April and yesterday, decisively defeating a Republican incumbent in Omaha and a surprise to many observers. Clearly, voters are trusting Democrats this year when they go to the ballot, repeatedly rejecting MAGA extremism.

    WOLF BLITZER: Congressman Hakeem Jeffries, the Democratic Leader in the House, thanks so much for joining us.

    PAMELA BROWN: Thank you very much.

    LEADER JEFFRIES: Thank you.

    Full interview can be watched here.

    ###

    MIL OSI USA News

  • MIL-OSI Global: Forget chatbots: research suggests reading can help combat loneliness and boost the brain

    Source: The Conversation – UK – By Barbara Jacquelyn Sahakian, Professor of Clinical Neuropsychology, University of Cambridge

    Rawpixel.com/Shutterstock

    Loneliness has become such a widespread problem that Silicon Valley billionaires are now highlighting it to market AI companions, with Mark Zuckerberg recently stating “the average American has fewer than three friends”.

    This actually echoes what the World Health Organization has called a crisis of social isolation and loneliness. They report that around 25% of older adults are socially isolated and 5%-15% of adolescents are lonely. But a variety of research – including our own – suggests reading may be a much better solution than chatbots.

    Human interaction is no doubt hugely important. In a study we published in 2023, we found that it only takes around five close friends for children and adolescents to thrive, giving them better brain structure, cognition, academic performance and mental health.

    Having fewer than five close friends may not provide enough social contact. But larger numbers are less likely to be close friends. The dilemma of technology frequently means that despite some people having vast numbers of friends on social media, they are not close friends and so do not provide the social support needed.


    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.


    Similarly, chatbots may not provide the type of face-to-face social interaction that people need to flourish. During the pandemic lockdowns, a study found that face-to-face communication was far more beneficial for mental health than digital communication.

    But how can reading help us to feel less lonely and have better wellbeing?

    A recent survey from The Queen’s Reading Room, the charity and book club of Queen Camilla, and other surveys, have found that reading fiction and other books significantly reduces feelings of loneliness and improves wellbeing.

    Another charity, The Reader, conducted a survey of approximately 2,000 participants and found that this was especially true among young adults. Fifty-nine percent of those aged 18-34 said reading made them feel more connected to others and 56% felt less alone during the pandemic.

    Another survey, in conjunction with the University of Liverpool, of over 4,000 participants found that reading offers powerful benefits, serving as a top method for reducing stress. In addition, participants reported that reading encouraged personal growth, such as improving health, picking up hobbies and boosting empathy, with 64% of readers having a better understanding others’ feelings.

    Reading and the brain

    Indeed, scientific research looking at book clubs and shared reading back this up, finding notable emotional and social benefits of reading. For example, students reported greater connection (42.9%) to others, deeper understanding of others’ experiences and beliefs (61.2%) and reduced loneliness (14.3%) as a result of reading.

    The surveys above all rely on people reporting how they feel, rather than an objective measure. But there are also findings from objective measures of the brain, including neuroimaging. A systematic review of 11 intervention studies showed that shared reading among older adults improved wellbeing and helped alleviate loneliness and social isolation.

    One way in which reading may help reduce loneliness is by enhancing our social cognition, which is the ability to understand and connect with others.

    There are plenty of cognitive benefits from reading, in addition to social connectedness.
    aniascamera/Shutterstock

    A neuroimaging study of young adults found that reading fiction, particularly passages with social content, activated areas of the brain involved in social behaviour and emotional understanding, such as the dorsomedial prefrontal cortex. This brain region was also linked to the stronger social cognition seen in frequent fiction readers, suggesting a neural pathway through which reading fosters greater social connectedness.

    Importantly, reading may also reduce the risk of dementia. One study of 469 people aged 75 and over, with no dementia at baseline, were followed up for 5.1 years. Among leisure activities such as playing board games, playing musical instruments and dancing, reading was associated with a 35% reduced risk of dementia.

    A number of studies have similarly shown that engaging in cognitively stimulating activities, such as reading, can slow cognitive decline and reduce the risk of dementia.

    Our own research also showed the benefits of reading for pleasure early in life. In a large sample of over 10,000 children in the Adolescent Brain Cognitive Development (ABCD) Study, we found that those children who read for pleasure early in life had better brain structure, cognition, academic achievement, longer sleep duration and better mental health – including lower symptoms of inattention, stress and depression – when adolescents. Importantly, they also had less screen time and better social interactions.

    So, while AI and chatbots can enhance our lives in many ways, they are not a solution to everything. We know that while technology has many benefits, it has also produced many unforeseen problems. Let’s solve problems of loneliness and social isolation through reading and book clubs. Reading is also a great way to improve brain structure, cognition and wellbeing.

    We recently gave a talk about this topic for the British Neuroscience Association, in association with The Queen’s Reading Room. We would like to thank the Queen’s Reading Room CEO, Vicki Perrin for her input and support.

    Barbara Jacquelyn Sahakian receives funding from the Wellcome Trust and the Lundbeck Foundation. Her research work is conducted within the NIHR Cambridge Biomedical Research Centre (BRC) Mental Health and Neurodegeneration Themes. She consults for Cambridge Cognition.

    We recently gave a talk about this topic for the British Neuroscience Association, in association with The Queen’s Reading Room. We would like to thank the Queen’s Reading Room CEO, Vicki Perrin for her input and support. Christelle Langley receives funding from the Wellcome Trust. Her research work is conducted within the NIHR Cambridge Biomedical Research Centre (BRC) Mental Health and Neurodegeneration Themes.

    ref. Forget chatbots: research suggests reading can help combat loneliness and boost the brain – https://theconversation.com/forget-chatbots-research-suggests-reading-can-help-combat-loneliness-and-boost-the-brain-256613

    MIL OSI – Global Reports

  • MIL-OSI: Results of the Annual General Meeting of GAM Holding AG

    Source: GlobeNewswire (MIL-OSI)

    Zurich: 14 May 2025

    PRESS RELEASE

    Results of the Annual General Meeting of GAM Holding AG

    • All proposals, as recommended by the Board of Directors, were approved with large majorities
    • Chairman and all members of the Board of Directors re-elected

    At the Annual General Meeting held on 14 May 2025, the shareholders of GAM Holding AG approved all the proposals put forward by the Board of Directors.

    Shareholders who were unable to attend the Annual General Meeting could give their voting instructions to an independent proxy; 83% of the total 1,065,257,891 shares (as registered in the commercial register) were represented in comparison with 53% in 2024. The management report, the annual company’s and consolidated financial statements were approved, and shareholders discharged the members of the Board of Directors elected at the AGM on 15 May 2024 and the Group Management Board for the financial year 2024. The compensation report for 2024 was approved in a non-binding consultative vote.

    Increase in conditional capital and amendment to the Articles of Incorporation approved

    The Board of Directors proposed an increase in conditional capital and a corresponding amendment of the Articles of Incorporation to meet its obligations under various Board of Director and employee incentive plans. These proposals were approved.

    Re-elections and elections to the Board of Directors

    Antoine Spillmann was re-elected as Chairman of the Board of Directors and Anthony Maarek, Jeremy Smouha, Carlos Esteve, Inès de Dinechin, Anne Empain and Donatella Ceccarelli as members of the Board of Directors. All members of the Board of Directors were elected for a term of office until the end of the Annual General Meeting 2026.

    Compensation decisions

    Shareholders also approved all the compensation proposals, including retrospective share-based compensation for the Board of Directors and Group Management Board.

    Antoine Spillmann, Chairman of the Board of Directors, said: “On behalf of the Board of Directors, I would like to extend my deepest gratitude to our shareholders for their unwavering trust and support. GAM entered a phase of renewed stability and strategic momentum during 2024 and with the successful conclusion of today’s Annual General Meeting and the approval of all proposals, we have made significant strides in our journey towards transformation. As we look ahead to 2025 and beyond, we remain fully committed to delivering sustainable growth, strong investment performance, and lasting value for our clients, and all our stakeholders.”

    The complete voting results, biographies of the elected Board of Directors and further information on the Annual General Meeting can be found on the company’s website here: www.gam.com/agm2025.

    Additional information

    AGM Portal |  2024 Sustainability Report  |  GAM corporate calendar

    For further information please contact:

    Investor Relations       
    Magdalena Czyzowska  
    T +44 (0) 207 917 2508 
    Media Relations           
    Colin Bennett                
    T +44 (0) 207 393 8544

    Visit us: www.gam.com
    Follow us: X and LinkedIn

    About GAM

    GAM is an independent investment manager that is listed in Switzerland. It is an active, independent global asset manager that delivers distinctive and differentiated investment solutions for its clients across its Investment and Wealth Management Businesses. Its purpose is to protect and enhance its clients’ financial future. It attracts and empowers the brightest minds to provide investment leadership, innovation and a positive impact on society and the environment. Total assets under management were CHF 16.3 billion as of 31 December 2024. GAM has global distribution with offices in 14 countries and is geographically diverse with clients in almost every continent. Headquartered in Zurich, GAM Investments was founded in 1983 and its registered office is at Hardstrasse 201 Zurich, 8037 Switzerland. For more information about GAM Investments, please visit www.gam.com

    Other Important Information

    This release contains or may contain statements that constitute forward-looking statements. Words such as “anticipate”, “believe”, “expect”, “estimate”, “aim”, “project”, “forecast”, “risk”, “likely”, “intend”, “outlook”, “should”, “could”, “would”, “may”, “might”, “will”, “continue”, “plan”, “probability”, “indicative”, “seek”, “target”, “plan” and other similar expressions are intended to or may identify forward-looking statements.

    Any such statements in this release speak only as of the date hereof and are based on assumptions and contingencies subject to change without notice, as are statements about market and industry trends, projections, guidance, and estimates. Any forward-looking statements in this release are not indications, guarantees, assurances or predictions of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the person making such statements, its affiliates and its and their directors, officers, employees, agents and advisors and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct and may cause actual results to differ materially from those expressed or implied in any such statements. You are strongly cautioned not to place undue reliance on forward-looking statements and no person accepts or assumes any liability in connection therewith.

    This release is not a financial product or investment advice, a recommendation to acquire, exchange or dispose of securities or accounting, legal or tax advice. It has been prepared without taking into account the objectives, legal, financial or tax situation and needs of individuals. Before making an investment decision, individuals should consider the appropriateness of the information having regard to their own objectives, legal, financial and tax situation and needs and seek legal, tax and other advice as appropriate for their individual needs and jurisdiction.

    Attachment

    The MIL Network

  • MIL-OSI: Youtech Fuels National Growth with Chicago-Area Talent Expansion Across the Midwest’s Core Industries

    Source: GlobeNewswire (MIL-OSI)

    • Youtech’s expansion unleashes digital success for Illinois’ foundational industries
    • Solidifying its position as one of the nation’s largest digital marketing agencies, Youtech demonstrates unyielding momentum for future growth

    CHICAGO, May 14, 2025 (GLOBE NEWSWIRE) — Youtech, a leading full-service digital marketing agency with a significant local presence in the Chicago area and recognized as one of the largest in the United States, today announced a substantial phase of national growth, powered in part by the expansion of its team right here in the heart of the Midwest. This strategic initiative will enhance the agency’s ability to serve its growing client base both locally and across the country, supporting the very backbone of the region’s economy.

    Building upon its established Chicago team, a crucial part of its national workforce, Youtech is actively hiring to increase its employee count to over 150 by the end of 2025. This growth will significantly strengthen the Chicago office, enhancing its ability to deliver exceptional results for Illinois, the Midwest, and national clients. Their local expertise supports vital regional sectors, including food security for non-profits and sustainability for environmental services. The agency also drives growth for the gaming and brewery industries, home services industry (HVAC, roofing, plumbing), construction material suppliers, and more.

    Looking ahead, Youtech projects substantial long-term growth, with a clear trajectory to exceed 250 employees nationally within the next three years. This ambitious forecast reflects the Lisle office’s consistent contributions to the agency’s success in driving results for Illinois and Midwest businesses across diverse industries, its client-focused approach, and the increasing demand for its data-driven digital marketing expertise. This includes optimizing local online visibility for businesses, crafting captivating web design, and creating branding that resonates with local target audiences, whether they are looking to find sustainable environmental solutions vital for the region’s future, enjoy entertainment that drives local economies, or improve their homes and communities.

    “This rapid growth marks an exciting chapter for Youtech, and our Chicago-area team is a cornerstone of our national success, deeply connected to the industries that form the backbone of the Midwest,” said Wilbur You, CEO and Founder of Youtech. “Strengthening our physical presence in key markets like Chicago allows us to even better serve our valued local clients across vital Illinois and regional industries while also attracting top-tier talent from the greater Chicago area to our growing team. Our focus remains on delivering exceptional results, and this strategic growth, including the launch of our innovative YouRank GEO service, will enable us to elevate the marketing performance of businesses right here in the Midwest and across the nation in the age of AI.”

    As one of the largest digital marketing agencies in the nation, with a significant and expanding team right here in Chicago serving a diverse portfolio of Illinois and Midwest-based clients in sectors like non-profit, environmental services, healthcare, entertainment, home improvement, hospitality, and construction, Youtech continues to set new benchmarks in the industry, generating measurable results for businesses across a wide range of sectors through its comprehensive suite of services, supporting the economic vitality of the region.

    About Youtech
    Youtech & Associates Inc. (“Youtech”) is a leading, full-service digital marketing agency providing solutions to brands of all sizes. Bootstrapped in 2012 with an investment of just $600, the agency has since become an award-winning powerhouse serving over 2,000 clients, completing over 10,000 projects, and generating over $10 billion in client sales worldwide. With a strong and expanding presence in Scottsdale, alongside offices in Chicago and Dallas, Youtech is one of the fastest-growing digital marketing firms in the country. Learn more about Youtech at https://www.youtechagency.com/.

    Company Contact
    Michael Norris
    mnorris@youtechagency.com

    Media Contact
    Jessica Starman
    media@elev8newmedia.com

    The MIL Network

  • MIL-OSI USA: News 05/14/2025 Blackburn, Blumenthal, Thune, and Schumer Introduce the Kids Online Safety Act

    US Senate News:

    Source: United States Senator Marsha Blackburn (R-Tenn)

    WASHINGTON, D.C. – Today, U.S. Senators Marsha Blackburn (R-Tenn.) and Richard Blumenthal(D-Conn.) were joined by U.S. Senate Majority Leader John Thune (R-S.D.) and U.S. Senate Minority Leader Chuck Schumer (D-N.Y.) in introducing the bipartisan Kids Online Safety Act (KOSA). Last July, the Senate approved KOSA – the first major reform to the tech industry since 1998 – in an overwhelming 91-3 bipartisan vote. 

    “Big Tech platforms have shown time and time again they will always prioritize their bottom line over the safety of our children, and I’ve heard too many heartbreaking stories to count from parents who have lost a child because these companies have refused to make their platforms safer by default,” said Senator Blackburn. “We would never allow our children to be exposed to pornography, sexual exploitation, drugs, alcohol, and traffickers in the physical space, but these platforms are allowing this every single day in the virtual space. Congress must not cave to the wills and whims of Big Tech, and we must not be bullied into submission. Now is the time to stand up and protect future generations from harm by passing KOSA.”   

    “Senator Blackburn and I made a promise to parents and young people when we started fighting together for the Kids Online Safety Act – we will make this bill law. There’s undeniable awareness of the destructive harms caused by Big Tech’s exploitive, addictive algorithms, and inescapable momentum for reform,” said Senator Blumenthal. “I am grateful to Senators Thune and Schumer for their leadership and to our Senate colleagues for their overwhelming bipartisan support. KOSA is an idea whose time has come – in fact, it’s urgently overdue – and even tech companies like X and Apple are realizing that the status quo is unsustainable. Our coalition is bigger and stronger than ever before, and we are committed to seeing this measure protecting children on the internet signed into law.”

    “I have been a longtime advocate for holding Big Tech accountable for its manipulative algorithms,” said Majority Leader Thune. “Consumers deserve more transparency about how these platforms amplify and suppress content, which is why I’m proud to support the Kids Online Safety Act. Senator Blackburn has done a tremendous amount of work to deliver a bill that takes real steps to empower families and mitigate the harm social media can do to children, and I’m grateful for her leadership on the issue.”

    I am proud to support this bipartisan legislation which provides necessary guardrails to protect our kids. Too many kids have had their personal data collected and used nefariously. Too many families have lost kids after they took their own lives because of what happened to them on social media,” said Minority Leader Schumer. “I thank these brave parents and families for sharing their stories. Keeping our kids safe from online threats should not be a partisan issue, I thank my Senate colleagues for championing these bills and I look forward to swift passage.”

     BACKGROUND

    • Last month, bombshell reporting revealed Meta’s latest failure to protect minors from harm after AI-powered digital chatbots engaged in sexually explicit discussions with underaged users on its platforms. Following this report, Senators Blackburn and Blumenthal sent a letter demanding accountability. 
    • Earlier this month, an additional report revealed Instagram’s automated software systems recommended child groomers connect with minors on the app and made it easier for them to find victims, according to a 2019 internal document presented by the Federal Trade Commission (FTC). The report noted that minors made up 27% of the follow recommendations that the social media app surfaced to groomers, and about one-third of the reports flagging inappropriate comments to the company came from minors.
    • The bill text introduced today was first announced in December and is the same language approved by the Senate with several changes to further make clear that KOSA would not censor, limit, or remove any content from the internet, and it does not give the FTC or state Attorneys General the power to bring lawsuits over content or speech.
    • KOSA is strongly supported by a broad coalition of parents who have tragically lost their children or whose kids have been severely harmed by Big Tech, young people who want to regain control over their online lives, and hundreds of advocacy groups and experts who study and see the negative effects of social media firsthand in their communities.

     ENDORSEMENTS 

    This legislation has been endorsed by more than 250 national, state, and local organizations. Today, Appleannounced its endorsement of the legislation, and the bill has also garnered broad conservative support from key advocates like Elon Musk, Donald Trump Jr., Kellyanne Conway, Harmeet Dhillon, Richard Grenell, Sebastian Gorka, and more.

    “Apple is pleased to offer our support for the Kids Online Safety Act (KOSA). Everyone has a part to play in keeping kids safe online, and we believe [this] legislation will have a meaningful impact on children’s online safety,” said Timothy Powderly, Senior Director, Government Affairs, Americas, Apple.

    “I lost my 16-year-old son Mason in November of 2022 when he took his own life. This was only after he was inundated for several weeks by TikTok videos promoting suicide. There are no words to express the pain my family now lives with every single day. Big Tech will always put their profits over the safety of American children and it is my hope that this bipartisan legislation will quickly pass through the current Congress. Unlike Big Tech there is nothing more important to American families than our children and we need help to protect them from these dangerous platforms.” said Jennie Deserio, mother of Mason James Edens, forever 16. 

    “We are so grateful to Senators Blackburn and Blumenthal for reintroducing the Kids Online Safety Act as the need for this bill remains profound. . We have waited and fought long enough, yet our children continue to face severe harms in online spaces where they should feel safe. This legislation is a collective plea from parents, like me, and in remembrance of my daughter Annalee, for meaningful social media reform. Another Mother’s Day and another full year has passed without my daughter and with our children’s futures at stake. It’s past time for change. Children deserve to have their voices heard, their rights protected, and their well-being prioritized by Congress,” said Lori Schott, mother of Annalee Schott, forever 18.

    “I am so relieved today that Senators Blackburn and Blumenthal have reintroduced the Kids Online Safety Act (KOSA). Yet, it’s only a small victory – we still desperately need Congress to actually act on this popular, bipartisan bill and make it law. My daughter, Emily, died by suicide after a year of intense cyberbullying when she was only 17. Last year, we were so close to protecting other children from the same unthinkable fate when the Senate passed this bill and it was heartbreaking when it later stalled in the House. Too many parents like me have paid the ultimate price because of Big Tech’s greed and recklessness towards children’s lives. Our lawmakers must no longer allow this to continue unchecked. This must end now by passing KOSA,” said Erin Popolo, mother of Emily Michaela Murillo, forever 17.

    “I am so thankful for brave leaders like Senator Marsha Blackburn and Senator Richard Blumenthal who are willing to stand-up to Big Tech and support the Kids Online Safety Act (KOSA), a popular bipartisan bill that will provide important protections for youth online. My 17-year-old son, Alex Peiser, died by suicide after he was bullied online and sent pro-suicide memes on his private Instagram account, three days after a break-up.  If KOSA had been in effect, protections would have been in place that might have prevented his death.  Congress had a remarkable opportunity last year to make KOSA law and implement the first reforms of social media in more than 25 years. They can stand together now for children’s online safety by passing KOSA this session without delay,” said Sharon Winkler, mother of Alex Peiser, forever 17.

    “I lost my son Walker December 1, 2022, to suicide after he became  a victim of sextortion. Walker was attacked through Instagram where a man from Nigeria was able to extort him over a sexually explicit video. Today, I attended Walker’s school where we honored the  seniors. Walker’s classmates are graduating this week and he should be there. As long as tech companies have the ability to self-regulate we will continue to lose other teens just like Walker. Thank you Senator Blackburn and Blumenthal for standing up to this industry,” said Brian Montgomery, father of Walker Montgomery, forever 16

    “For years, grieving parents have shown up to tell their stories, and Congress has promised to act. The Kids Online Safety Act (KOSA) has been vetted, revised, and supported by both parties—and it would give families the tools they desperately need to protect their children. After coming so close last year, there’s no excuse for letting this moment slip away, KOSA’s reintroduction is a second chance we cannot afford to waste,” said Maurine Molak, mother of David Molak, forever 16, co-founder of David’s Legacy Foundation & ParentsSOS.

    “Thank you Senators Blackburn and Blumenthal for your leadership with the Kids Online Safety Act (KOSA). Our son, Devin Norring, died at the age of 19 to fentanyl poisoning after a drug dealer connected with him on Snapchat. Devin was just trying to manage his pain during the COVID lockdown from a cracked molar, but instead he was targeted and lost his life. No parent should ever have to endure this immense pain that we are now forced to live with every day. KOSA is a vital step toward giving families the tools they need to protect their children online while also holding tech companies accountable. Your efforts mean more than we could ever express to families like ours who are fighting every single day to make sure this doesn’t happen to anyone else,” said Bridgette & Tom Norring, parents of Devin Norring, forever 19.

    “We are so proud of and encouraged by Senator Blumenthal’s and Senator Blackburn’s reintroduction of KOSA. This legislation is timely and needed for America’s children and families. We still feel the loss of our son, Matthew E. Minor, every day. Matthew was a bright and loving child who, at age 12 was exposed to a viral online challenge sent to him by social media’s relentless algorithms. Tragically, he tried it, and accidentally asphyxiated himself. Every delay in passing this bill means putting more of our precious children’s lives at risk. We live with the overwhelmingly tragic memories of losing our child constantly and want to keep other families from experiencing the same pain . As a nation, we are as complicit as Big Tech if we do nothing to improve the safety of social media. Regulations, like those required in KOSA, should be in place to help mitigate online harms.  It’s time that Congress says yes to keeping our children safe online. Pass KOSA Now!!” said Todd & Mia Minor, Parents of Matthew E. Minor, forever 12, co-founders of the Matthew E. Minor Awareness Foundation.

    “The shattering loss of my joyful daughter Grace thirteen years ago compelled me to repeatedly speak out about social media dangers to anyone who would listen. Smartphones and social media were new then and I felt I had an alarm bell to ring. That bell is still clanging and though risk and harm to our children is now clear, rescue has failed to arrive and children are still dying. Senators Blumenthal and Blackburn bring hope with the reintroduction of Kids Online Safety Act (KOSA). Last year, Senators of all stripes sat down with parents, shared our grief, learned about the many and varied harms our children suffered, and then passed KOSA by a resounding 91 to 3 vote. It should have been smooth sailing through the U.S. House as well, but Leadership wouldn’t even meet with parents or bring this lifesaving legislation to the floor for a vote. If they fail once more, it won’t be for lack of evidence. It will be because they chose Big Tech’s money over the lives of American children again,” said Christine Pfister McComas, mother of Grace, forever 15, Grace McComas Memorial.

    “I lost my son, Erik Robinson to accidental asphyxiation 15 years ago when he was just 12-years-old because of a viral challenge that others had promised was “safe.” Back then we had no idea that algorithms targeted kids with such dangerous material. However, we now know that these platforms are only out to make money and do not care how their platforms target and affect children. It breaks my heart that thousands of other kids have also died since Erik’s death as a result of an immense menu of harms that target kids online. Legislation like the Kids Online Safety Act (KOSA) would help mitigate many of these harms and save lives. I urge Congress to say “yes” and help keep kids safe with KOSA,” said Judy Rogg, mother of Erik Robinson, forever 12, Co-founder and Director of Erik’s Cause.

    “It’s been more than four years since I lost my son, Riley, to suicide when he was only 15 years old after a sinister stranger found him on Facebook and sextorted him. One of the few ways I’ve found to cope since then is to advocate for social media reforms that will protect other children from the abuse Riley experienced. Which is why the reintroduction of the Kids Online Safety Act (KOSA) is so critical. This transformative legislation will finally hold Big Tech accountable for the algorithms and designs they use to prey on the most vulnerable among us simply because it adds to their hefty bottom line. It’s unconscionable and Congress must step in now to require they create a safer product, because we know they can. KOSA will do just that,” said Mary Rodee, mother of Riley Basford, forever 15

    “My world imploded in May 2019 when my 15-year-old son Mason died of accidental asphyxiation. The cause? The ‘blackout challenge,’ a viral social media trend. No child should die because they were innocently scrolling online and no product manufacturer, in this case Big Tech, should be allowed to peddle such harmful products. Cars have to have seat belts. Milk has to have an expiration date. Social media platforms should be required to have meaningful, effective, safety features as well. The Kids Online Safety Act (KOSA) includes those necessary guardrails by mandating a change to the algorithms that send kids such destructive content unsolicited. If Congress would finally pass this bill and make it law, it would be a complete game-changer for children and families across America.” said Joann Bogard, mother of Mason Bogard, forever 15.

    “There’s a lie going around that vigilant parents – the ones who regularly check their children’s phones, read their texts, are “friends” on their feeds – can keep their kids safe online. I learned in the absolute worst way how untrue this is. I lost my daughter Coco, just 17, after an Instagram drug dealer sold her counterfeit Percocet laced with fentanyl. We parents are no match for Big Tech and their multi-million-dollar lobbying arm working tirelessly to keep their products unregulated so they can earn billions off of our kids, no matter the harm caused along the way. The Kids Online Safety Act (KOSA), would finally put an end to this uncontrolled greed and I know it would have saved Coco’s life. It came so close to passage last year and I am so grateful to Senators Blackburn and Blumenthal for not giving up and reintroducing it again now. I can only hope this time around their Congressional colleagues will see fit to choose kids over Big Tech’s profits and make KOSA law once and for all,” said Julianna Arnold, mother of Lucienne “Coco” Konar, forever 17.

    “My daughter McKenna was an accomplished athlete and scholar, kind to her core, and deeply loyal to those she loved. She had such a promising, rich, life ahead of her. But three years ago she died by suicide after being horribly cyberbullied on social media. She was only 16. Had the Kids Online Safety Act (KOSA) been law, I am certain she would still be with us today. This bill requires that social media platforms take a safety-by-design approach, which is the precise opposite of their profits-at-any-cost approach right now. KOSA would make sure that too-often lethal harms like cyberbullying are no longer allowed to run rampant, ruining children’s and family’s lives forever. Thank you to Senators Blumenthal and Blackburn for reintroducing this life-saving bill. I urge every lawmaker in D.C. to pass KOSA without delay,” said Cheryl Brown, mother of McKenna Brown, forever 16

    “My son Bubba was just 13 years old when he died by accidental asphyxiation after trying a so-called viral ‘challenge’ he saw online. He was a brilliant student, full of promise, and he never should have been exposed to content that could cost him his life. That responsibility lies with Big Tech CEOs who have built business models that exploit our children’s attention with no regard for their well-being. Last year, the Senate overwhelmingly passed KOSA, proving that protecting kids online is not a partisan issue. But the House failed to act. That’s why I’m incredibly grateful to Senators Blumenthal and Blackburn for reviving this critical bill. KOSA is long overdue. I truly believe my son would still be here today if these safeguards had been in place. My plea to lawmakers is simple: Congress hasn’t passed a single meaningful law to protect kids online in 25 years. How many more children have to die before you finally hold Big Tech accountable?” said Annie McGrath, mother of Griffin “Bubba” McGrath, forever 13.

    “I have sat across from lawmakers on both sides of the aisle and told Becca’s story time and again. And still, there are no meaningful protections in place to prevent this from happening to another child. That is why the Kids Online Safety Act is so important. KOSA would finally require companies to design for safety instead of profit and give parents a fighting chance to protect their kids. I urge every member of Congress: do not let another year pass without action. Our children deserve better,” said Deb Schmill, mother of Becca Schmill, forever 18, Founder of the Becca Schmill Foundation

    “Selena was just 11 when she died by suicide after being exploited and overwhelmed on social media. I tried everything to protect her, but social media platforms like Snapchat were designed to pull her in and shut me out. KOSA would give parents a fighting chance. It would force companies to put safety first, and finally make them answer for the harm they’ve caused to families like mine through exposure to harmful cyberbullying. The reintroduction of KOSA represents a vital opportunity for Congress to finally implement necessary safeguards, ensuring that no other child falls victim to the same preventable dangers that took Selena from us,” said Tammy Rodriguez, mother of Selena Rodriguez, forever 11

    “My son Alexander was 14 when he died from fentanyl poisoning after a drug dealer on Snapchat sold him counterfeit oxycontin that had enough fentanyl to kill four adults. There should have been social restrictions in place to prevent his death and there should be such restrictions in place now. Congress had an opportunity to stop further online harms from happening by passing KOSA in 2024, the Senate prevailed and the House failed us and America’s children. I commend Senators Blackburn and Blumenthal for stepping up to the plate again and only hope that House Leadership will follow suit this time around and stop making profits a priority over children’s lives,” said Amy Neville, mother of Alexander Neville, forever 14

    “My son Ethan was 13 when he died as a result of accidental asphyxiation after participating in the online ‘Blackout Challenge.’ Had KOSA been in place, there is no doubt that my son would still be alive. Congress had an opportunity to save more children’s lives last year by passing KOSA, the Senate stepped up, but the House failed to do so. Now is the time for Congress to redefine the narrative and to stop allowing Big Tech to win and to stop them from killing more children. It is time for Congress to do the right thing and pass KOSA this year,” said Jeff Van Lith, father of Ethan Burke Van Lith, forever 13.

    “KOSA is the first bill that would make these companies, like iFunny and Snapchat, responsible for preventing the kinds of harm that took my son from me. Congress has a second chance to do something real. We need them to take it,” said Michelle Servi, mother of Jack Servi, forever 16.

    “The Kids Online Safety Act gives parents the tools they need—and have long pleaded for—to effectively oversee their children’s social media use. The legislation rightfully requires platforms to prioritize the well-being of young users over algorithms and design features that maximize user engagement. While some platforms have elected to implement varying degrees of safeguards, the Kids Online Safety Act creates consistency, fosters transparency, and critically, holds platforms accountable for profiting from addictive features and child exploitation,” said Annie Chestnut Tutor, Policy Analyst, Center for Technology and the Human Person, The Heritage Foundation.

    “Our children need online protection plain and simple. The amount of victimization that occurs online is staggering.  Law enforcement cannot protect our children in the current online environment, that is why KOSA is so important to our children,” said John Pizzuro, CEO of Raven.

    “Every day, catastrophic numbers of children are exploited on social media platforms that have no protective guardrails. The proliferation of adult content and bad actors make the internet a perilous place for kids. The Kids Online Safety Act would introduce basic, commonsense protection that make these platforms safer for minors. Internet protections have not been updated by Congress since 1998, long before many of these platforms existed. It’s imperative that Congress act now to protect America’s kids,” said Penny Nance, CEO and President of Concerned Women for America Legislative Action Committee.

    “I’m pleased the Senate has re-introduced the Kids Online Safety Act (KOSA). There is indisputable harm happening to children at an industrial scale—reaching literally millions of children. KOSA would begin to address those harms. Parents say this is the #1 issue, above school violence, drugs, and bullying. Free speech protections are enshrined in explicit language in the bill. I look forward to lauding the efforts of all who see this bill through,” said Jonathan Haidt, social psychologist and author of The Anxious Generation.

    “The reintroduction of KOSA is a test of whether Congress will finally stand with families instead of Big Tech. This bill has withstood years of scrutiny, has enormous bipartisan support, and is the only federal legislation that addresses the wide range of design-caused harms experienced by children every day online. Lawmakers must seize this moment and finally deliver the protections children need,” said Josh Golin, Executive Director of Fairplay.  

    “Protecting children is the most basic human decency. The technology world that has come into being over the last 20+ years has been strip-mining the minds of our next generation for profit. They have been darkening their souls. They have been playing to their fears and walling them up in their anxieties. And their vision is now to use the very isolation and instability that they have created and catalyzed to create dependence on them through AI. The Kids Online Safety Act will stop this. It will turn the page on the harms many kids have suffered and protect the next generation. It will hold the companies that have done this accountable,” said Tim Estes, Founder & CEO of AngelQ.

    “The Eating Disorders Coalition for Research, Policy & Action remains committed to the passage of KOSA. We are encouraged to see the bill being reintroduced in the Senate and look forward to working with Congressional members to protect vulnerable young people against online harms,” said Christine Peat, PhD, FAED, LP, President of the Eating Disorders Coalition for Research, Policy, & Action.

    “Street Grace is honored to support KOSA. We envision a world where no child is exploited and KOSA puts America on that path by adding transparency and accountability to the sites and platforms which are currently advertising to children with zero safeguards in place,” said Bob Rodgers, CEO of Street Grace.

    “The Kids Online Safety Act (KOSA) represents a vital and overdue step toward protecting our children from the growing threat of online exploitation. These predators are not abstract threats – they are in our homes, on our children’s phones, in their games, and across every digital platform they use daily.  We need KOSA because our current system is failing our children.  This legislation provides essential guardrails to ensure tech companies are accountable for the safety of minors and are required to design their platforms with the well-being of children in mind – not profit,” said Tammy Sneed, Director of Engage Together.

    “This bill is a critical step toward holding tech companies accountable for designing online platforms with child safety in mind. For too long, predators have exploited the internet’s blind spots to target children for grooming and trafficking. By requiring platforms to proactively mitigate these harms and provide greater transparency and control to families, this legislation puts the safety of children first. We urge lawmakers to swiftly pass this bill and send a clear message: protecting children online is not optional—it’s a responsibility,” said Linda Smith (U.S. Congress 1995-99, Washington State Senate/House 1983-94), Founder & President of Shared Hope International.

    “Parents have been left on their own to try to fend off a massive tech-induced crisis in American childhood from online platforms that are engineered to be maximally addictive. And the tech companies face zero accountability for how their products harm children, like how their algorithms help connect predators with child victims online. KOSA offers a needed solution by making social media platforms responsible for preventing and mitigating certain objective harms to minors, like sexual exploitation, in their product design and empowering authorities to hold them accountable if they don’t. It’s time to end Big Tech’s total impunity,” said Clare Morell, Fellow at the Ethics and Public Policy Center

    “In this digital age, the number of cybertips has skyrocketed from 1 million in 2012 to 36 million in 2023. Now more than ever, it is crucial to protect our children by ensuring they receive online safety training and by enacting legislation like the Kids Online Safety Act to hold tech platforms accountable and implement necessary safeguards,” said Ashlie Bryant, CEO of the 3Strands Global Foundation.

    “Count on Mothers fully endorses KOSA. After surveying mothers across the political spectrum and all U.S. regions, and conducting a nationally representative focus group, we found overwhelming support for KOSA’s protections. Mothers are demanding accountability and a clear duty of care from tech companies. Across backgrounds and beliefs, they agree: it’s time for the federal government to require social media platforms to offer minors the tools to protect their privacy, safety, and mental health from addictive and harmful product designs,” said Count on Mothers

    “The Kids Online Safety Act (KOSA) demands that the sanctity of family and the sacredness of childhood be treated as national priorities. American families cannot withstand this digital crisis without real protections and accountability for an industry that has gone unchecked for far too long. KOSA offers an indispensable shield for children, guarding them against corporate greed and reckless harm through a commonsense approach to online safety,” said Jason Frost, CEO of Wired Human.

    “KOSA supports Digitally Intentional’s mission by prioritizing protection over profit, empowering families and safeguarding children from the manipulative corporate practices of Big Tech. Passing KOSA renews our nation’s commitments to another generation and for our country’s future,” said Harrison Haynes, Founder of Digitally Intentional and Chair of End OSEAC Survivors Council.

    “We are grateful to the United States Senators that they are unflagging in their efforts to get the Kids Online Safety Act passed. This is no time for politics. America’s children are suffering from the worst mental health crisis in recorded history, and the literature is increasingly clear that the main driver is digital addiction. Social media are rife with abusive environments for children who get swept down dark rabbit holes by opaque algorithms. To make matters worse, the rise of A.I. chatbots that trick kids into friendships and romantic relationships with artificial corporate products that are perfectly attuned to their shifting moods, will only make it more critical than ever that we pass the Kids Online Safety Act. The time is now,” said Michael Toscano, Director of the Family First Technology Initiative

    “Passing KOSA is a significant step forward toward protecting kids from the harms of Big Tech.KOSA’s targeted, bipartisan approach ensures that parents have the ability to protect their kids online from those features and designs that hurt their development and mental health. This is simply a win for parents, children, and consumers all around,” said Joel Thayer, President of the Digital Progress Institute

    “When companies like Meta enable a new AI chatbot to have sexually explicit conversations with child accounts, or when TikTok provided a platform for adults to pay teens to strip on its LIVE feature, it is clear that it is past time to hold Big Tech accountable. Congress has a major role in ensuring tech platforms prioritize child safety by reintroducing and passing the Kids Online Safety Act,” said Melissa Henson, Vice President of Parents Television and Media Council.

    “We strongly support the Kids Online Safety Act as a critical step toward protecting the health, safety, and well-being of children and teens in the digital age. Online platforms play an increasingly central role in the lives of young people, it is imperative that we hold technology companies accountable for the environments they create and maintain. We commend the bipartisan leadership behind the Kids Online Safety Act and urge lawmakers to pass this legislation without delay. Protecting children online is not a partisan issue—it is a moral imperative,” said the Paving The Way Foundation.

    “Social media companies continue to abjectly fail the most basic test of any society: protecting children. Big Tech has consistently shown that it cares more about its profit margins than about child safety. The harm needs to stop. It’s past time that Congress pass the Kids Online Safety Act,” said Chris Griswold, Policy Director of American Compass

    “Online exploitation is a borderless crime that transcends jurisdictions and preys on the most vulnerable—our children. KOSA is a critical step towards safeguarding digital spaces and setting an example for other governments to combat this global threat. Protecting children online is not just a policy imperative; it is a moral obligation,” said Anne Basham, Chair of the Interparliamentary Taskforce on Human Trafficking.

    “In light of the disturbing reality that some social media services and platforms have become increasingly addictive and even toxic to kids, The Kids Online Safety Act is common sense and necessary  legislation that when enacted, will hold platforms accountable to restrict targeted advertising to children, disable addictive online platform features, provide the option to opt out of algorithmic recommendations, and enforce the highest privacy settings for accounts used by minor children. Enough Is Enough applauds the leadership of KOSA cosponsors Senator Blackburn and Senator Blumenthal for reintroducing this critical bill and the overwhelming bi-partisan support of the U.S. Senate last session. We join our allies in urging both the Senate and the House to prioritize the passage of KOSA soonest. The human cost of delay is severe. Kids are dying. Protecting the lives, innocence and dignity of children online is a non-partisan issue with wide bi-partisan support,” said Donna Rice Hughes, CEO/President, Enough Is Enough

    “These platforms fail to disclose their addictive nature or the harms associated with their use. Our children deserve transparency, safety measures, and tools, not exploitation, by default. Why is this so hard? Thank you, Senator Blackburn, for consistently standing in the gap with parents. This time, let’s get it done!” said Chris McKenna, Founder of Protect Young Eyes

    Click here for bill text.

     RELATED 

    MIL OSI USA News

  • MIL-OSI: Euronext publishes Q1 2025 results

    Source: GlobeNewswire (MIL-OSI)

    Euronext publishes Q1 2025 results

    Strong start of the year with growth of non-volume-related revenue, record FICC trading volumes and exceptional market volatility.

    Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 14 May 2025 – Euronext, the leading European capital market infrastructure, today publishes its results for the first quarter 2025 using the new, simplified reporting framework1.

    • Q1 2025 revenue and income was up +14.1% at €458.5 million:

    Non-volume-related revenue and income represented 57% of total revenue and income and covered 158% of underlying operating expenses, excluding D&A2:

    • Securities Services revenues grew to €83.4 million (+6.8%), driven by double-digit growth in custody and settlement revenue;
    • Capital Markets and Data Solutions revenue grew to €157.4 million (+6.6%), driven by the continued commercial expansion of Euronext Corporate and Investor Solutions and Technology Services and the strong performance of Advanced Data Solutions, supported by the acquisition of GRSS and by retail participation;
    • Net treasury income was €18.6 million (+58.8%), demonstrating the benefits of the Euronext Clearing expansion and the internalisation of net treasury income following the derivatives clearing migration in Q3 2024.

    Volume-related revenue was driven by high market volatility in Q1 2025:

    • FICC3Markets reported €90.7 million of revenue (+25.1%), driven by record performance in fixed income trading and clearing, commodities trading and clearing and FX trading;
    • Equity Markets revenue grew to €108.4 million (+18.0%), reflecting high volatility.
    • Underlying operating expenses excluding D&A were at €164.5 million (+9.1%). The increase compared to Q1 2024 reflects investments in growth and the impact of acquisitions performed in 2024, combined with strong costs discipline, in line with the ramp-up of growth investments set out as part of Euronext’s underlying cost guidance of €670 million for the full year 2025.
    • Adjusted EBITDA was €294.1 million (+17.0%) and adjusted EBITDA margin was 64.1% (+1.6pts).
    • Adjusted net income was €183.5 million (+11.8%) and adjusted EPS was €1.80 (+13.9%).
    • Reported net income was €164.8 million (+17.9%) and reported EPS was €1.62 (+20.0%).
    • Net debt to EBITDA4was at 1.4x at the end of March 2025, within Euronext’s target range of the “Innovate for Growth 2027” strategic plan. On 22 April 2025, Euronext had successfully redeemed the €500 million bond issued in connection with the acquisition of Euronext Dublin in April 2018.

    Key figures for the first quarter of 2025:

    In €m, unless stated otherwise Q1 2025 Q1 2024 % var % var l-f-l3F5
    Revenue and income 458.5 401.9 +14.1% +12.9%
    Underlying operational expenses excluding D&A2 (164.5) (150.7) +9.1% +7.2%
    Adjusted EBITDA 294.1 251.3 +17.0% +16.4%
    Adjusted EBITDA margin 64.1% 62.5% +1.6pts +1.9pts
    Net income, share of the parent company shareholders 164.8 139.7 +17.9%  
    Adjusted net income, share of the parent company shareholders 183.5 164.2 +11.8%  
    Adjusted EPS (basic, in €) 1.80 1.58 +13.9%  
    Reported EPS (basic, in €) 1.62 1.35 +20.0%  
    Adjusted EPS (diluted, in €) 1.80 1.58 +13.9%  
    Reported EPS (diluted, in €) 1.61 1.34 +20.1%  

    Stéphane Boujnah, Chief Executive Officer and Chairman of the Managing Board of Euronext, said:

    “In the first quarter of 2025, Euronext has delivered a remarkable performance. We achieved record revenue and income of €458.5 million, driven by initial successes of the strategic initiatives, growth of non-volume-related revenue and exceptional volatility across trading and clearing activities, especially in cash equity, fixed income, FX, power and commodities. Our diversified business model has allowed us to invest in growth and reach an adjusted EBITDA of €294.1 million, marking a significant +17.0% increase compared to Q1 2024. In Q1 2025, we reached record adjusted EPS (basic) of €1.80 per share. Our reported EPS (basic) grew by an impressive +20.0% compared to Q1 2024, to €1.62 per share.

    We have launched significant initiatives of our ‘Innovate for Growth 2027’ strategic plan to reinforce Euronext as a leader in the European financial markets. The upcoming consolidation of settlement for Amsterdam, Brussels and Paris equity trades in Euronext Securities represents a significant optimisation of the European post-trade landscape. With this strategic move, we foster the integration and competitiveness of European capital markets at an unprecedented speed.

    The launch late April 2025 of a European Common Prospectus6in English will pursue this ambition. This new initiative facilitates access to European capital markets and addresses the need for a competitive, integrated Savings and Investment Union. In addition, we are proud to launch a comprehensive set of measures to support the financing needs of companies that contribute to Europe’s strategic autonomy7.

    The acquisition in May 2025 of Admincontrol8, leader in the governance SaaS space, accelerates the development of Euronext Corporate Solutions in the Nordics, and reinforces Euronext’s subscription-based revenue.

    With this strong first quarter of 2025, we demonstrate our capacity to innovate ahead of the curve, leading the way to a stronger, more innovative and more competitive European capital market.”

    Q1 2025 business highlights

    • Q1 2025 revenue and income
      Q1 2025 Q1 2024 % var % var l-f-l
    Revenue and income (in €m) 458.5 401.9 +14.1% +12.9%
    Securities Services 83.4 78.1 +6.8% +4.8%
    Capital Markets and Data Solutions 157.4 147.6 +6.6% +4.5%
    Net treasury income 18.6 11.7 +58.8% +58.8%
    FICC Markets 90.7 72.5 +25.1% +25.2%
    Equity Markets 108.4 91.9 +18.0% +18.0%
    Other income 0.1 0.2 N/A N/A
    • Non-volume-related revenue
      • Securities Services
      Q1 2025 Q1 2024 % var % var l-f-l
    Revenue (in €m) 83.4 78.1 +6.8% +4.8%
    Custody and Settlement 75.8 67.9 +11.6% +9.4%
    Other Post Trade 7.6 10.2 -25.3% -25.3%

    Revenue from Custody and Settlement this quarter was at €75.8 million, +11.6% compared to Q1 2024. This strong performance was driven by growing Assets under Custody, dynamic settlement instructions and continued double-digit growth in services, supported by the acquisition of Acupay. At the end of the quarter, Assets under Custody amounted to €7.1 trillion, up +3.8% compared to end of Q1 2024. Over 39.3 million instructions were settled via Euronext Securities during the first quarter of 2025, up +9.3% compared to the first quarter of 2024.

    Other Post Trade revenue, which includes membership fees and other non-volume-related clearing fees, was €7.6 million in Q1 2025. The -25.3% decrease compared to Q1 2024 stems from the internalisation of the net treasury income related to Euronext derivatives flows in September 2024, which are now integrated in the net treasury income line.

    • Capital Markets and Data Solutions
      Q1 2025 Q1 2024 % var % var l-f-l
    Revenue (in €m) 157.4                147.6                  +6.6% +4.5%
    Primary Markets 46.3 45.5 +1.8% +2.1%
    Advanced Data Solutions 65.1 60.2 +8.1% +3.7%
    Corporate and Investor Solutions and Technology Services 45.9 41.8 +9.8% +8.1%

    Primary Markets revenue was €46.3 million in Q1 2025, an increase of +1.8% compared to Q1 2024. The first quarter recorded slower equity listing performance explained by a volatile environment. Euronext sustained its leading position for equity listing with 8 new listings.

    Advanced Data Solutions revenue was €65.1 million in Q1 2025, up +8.1% compared to Q1 2024. This dynamic performance reflects the contribution of GRSS, strong appetite from retail and growing monetisation of diversified datasets.

    Corporate and Investor Solutions and Technology Services revenue grew by +9.8% in Q1 2025 to €45.9 million. This strong performance reflects the continued commercial expansion of the governance SaaS offering, the increased use of colocation and microwave connectivity, and double-digit growth of investor solutions, supported by the acquisition of Substantive Research.

    Following the completion of the acquisition of Admincontrol on 13 May 2025, Admincontrol’s revenue will be integrated with Corporate and Investor Solutions and Technology Services revenue from Q2 2025.

    • Net treasury income

    Net treasury income was at €18.6 million (+58.8%). This reflect the benefit from the Euronext Clearing expansion and the internalisation of treasury income from LCH SA following the completion of the derivatives clearing migration, as well as higher cash collateral posted to the CCP due to the elevated market volatility.

    • Volume-related revenue
      • FICC Markets
      Q1 2025 Q1 2024 % var % var
    l-f-l
    Revenue (in €m) 90.7 72.5 +25.1% +25.2%
    Fixed income trading and clearing 51.8 39.1 +32.4% +32.4%
    Commodities9 trading and clearing 29.6 26.3 +12.8% +13.9%
    FX trading 9.2 7.1 +30.4% +26.5%

    Fixed income trading and clearing revenue reached €51.8 million in Q1 2025, up +32.4% compared to Q1 2024, driven by record fixed income trading activity supported by favourable market conditions.

    Commodities trading and clearing revenue reached €29.6 million in Q1 2025, up +12.8% compared to Q1 2024, reflecting record intraday power trading volumes and dynamic agricultural commodity trading and clearing.

    FX trading revenue was up +30.4%, at €9.2 million in Q1 2025, reflecting record trading volumes, and a positively geared volume mix.

    • Equity Markets
      Q1 2025 Q1 2024 % var % var
    l-f-l
    Revenue (in €m) 108.4 91.9 +18.0% +18.0%
    Cash equity trading and clearing 94.0 76.8 +22.5% +22.5%
    Financial derivatives trading and clearing 14.4 15.1 -4.8% -4.8%

    Cash equity trading and clearing revenue was €94.0 million in Q1 2025, up +22.5% driven by exceptional market volatility. Euronext recorded average daily cash trading volumes of €13.8 billion, up +31.8% compared to Q1 2024. Revenue capture on cash trading averaged 0.50 bps for the first quarter of 2025, impacted by higher volumes, stronger intraday volatility and larger average order size. Euronext market share on cash equity trading averaged 64.1% in Q1 2025.

    Financial derivatives trading and clearing revenue was €14.4 million in Q1 2025, -4.8% compared to Q1 2024. This decrease is mostly linked to the decrease of the average clearing fees, as following the clearing migration certain clearing fees are now reported in the line Other Post Trade revenues, and as such not fully comparable with Q1 2024.

    Q1 2025 financial performance

    In €m, unless stated otherwise Q1 2025 Q1 2024 % var % var
    l-f-l
    Revenue and income 458.5 401.9 +14.1% +12.9%
    Underlying operational expenses exc. D&A (164.5) (150.7) +9.1% +7.2%
    Adjusted EBITDA 294.1 251.3 +17.0% +16.4%
    Adjusted EBITDA margin 64.1% 62.5% +1.6pts +1.9pts
    Operating expenses exc. D&A (164.3) (159.4) +3.1% +1.2%
    EBITDA 294.2 242.6 +21.3% +20.6%
    Depreciation & Amortisation (48.3) (44.0) +9.8% +10.6%
    Total Expenses (inc. D&A) (212.6) (203.4) +4.6% +2.9%
    Adjusted operating profit 272.6 232.3 +17.4% +16.8%
    Operating Profit 245.9 198.6 +23.8%  
    Net financing income / (expense) (1.5) 4.7 N/A  
    Profit before income tax 244.4 203.3 +20.2%  
    Income tax expense (67.8) (54.7) +24.0%  
    Share of non-controlling interests (11.9) (8.9) +33.6%  
    Net income, share of the parent company shareholders 164.8 139.7 +17.9%  
    Adjusted Net income, share of the parent company shareholders10 183.5 164.2 +11.8%  
    Adjusted EPS (basic, in €) 1.80 1.58 +13.9%  
    Reported EPS (basic, in €) 1.62 1.35 +20.0%  
    Adjusted EPS (diluted, in €) 1.80 1.58 +13.9%  
    Reported EPS (diluted, in €) 1.61 1.34 +20.1%  
    • Q1 2025 adjusted EBITDA

    Underlying operating expenses excluding D&A1 were at €164.5 million (+9.1%). The increase compared to Q1 2024 reflects investments in growth and the impact of acquisitions performed in 2024, partially offset by cost discipline. In addition, Q1 2024 expenses were positively impacted by one-off releases.

    Driven by the double digit growth in revenue, adjusted EBITDA for the quarter reached €294.1 million, up +17.0% compared to Q1 2024. This represents an adjusted EBITDA margin of 64.1%, up 1.6pts vs. Q1 2024. On a like-for-like basis at constant currencies, adjusted EBITDA grew by +16.4% compared to Q1 2024.

    Q1 2025 non-underlying expenses profited from a one-off release of accruals. As a consequence, reported EBITDA was at €294.2 million, up +21.3% compared to Q1 2024.

    • Q1 2025 net income, share of the parent company shareholders

    Depreciation and amortisation accounted for €48.3 million in Q1 2025, +9.8% more than Q1 2024. PPA related to acquired businesses accounted for €20.4 million.

    Adjusted operating profit was €272.6 million, up +17.4% compared to Q1 2024.

    Euronext reported a net financing expense of €1.5 million in Q1 2025, compared to €4.7 million net financing income in Q1 2024. The variation reflects short-term FX movements and decreasing interest rates.

    Income tax for Q1 2025 was €67.8 million. This translated into an effective tax rate of 27.7% for the quarter, compared to 26.9% in Q1 2024.

    Share of non-controlling interests amounted to €11.9 million, correlated with the strong performance of MTS and Nord Pool.

    As a result, the reported net income, share of the parent company shareholders, increased by +17.9% for Q1 2025 compared to Q1 2024, to €164.8 million. This represents a reported EPS of €1.62 basic and €1.61 diluted. Adjusted net income, share of the parent company shareholders, was up +11.8% to €183.5 million. Adjusted EPS (basic) was €1.80. This increase reflects higher profit and a lower number of outstanding shares over the first quarter of 2025 compared to Q1 2024.

    The weighted number of shares used over the first quarter of 2025 was 101,695,588 for the basic calculation and 102,166,786 for the diluted calculation, compared to 103,640,164 and 104,040,256 respectively over the first quarter of 2024. The difference is due to the share repurchase programme executed by Euronext.

    In Q1 2025, Euronext reported a net cash flow from operating activities of €190.6 million, compared to €184.6 million in Q1 2024, reflecting higher profit before tax and higher income tax paid in Q1 2025. Excluding the impact on working capital from Euronext Clearing and Nord Pool CCP activities, net cash flow from operating activities accounted for 88.1% of EBITDA in Q1 2025.

    Q1 2025 corporate highlights since publication of the fourth quarter 2024 results on 13 February 2025

    • Euronext consolidates settlement on its markets to improve the competitiveness of European capital markets

    On 12 March 2025, Euronext has announced that from September 2026, Euronext Amsterdam, Brussels, and Paris will designate Euronext Securities as the central securities depository (CSD) for equity trade settlements. This aligns with Euronext’s “Innovate for Growth 2027” strategic plan and aims to enhance the competitiveness of European capital markets by addressing post-trade fragmentation. Currently, equity trade settlement in Europe is fragmented across over 30 CSDs. This initiative allows clients to consolidate settlement and custody activities across multiple markets into a single CSD, streamlining operations and enhancing liquidity. It also aids them adapting to regulatory changes, such as the move to T+1 settlement in October 2027. Additionally, Euronext has moved its own shares to Euronext Securities, showcasing the benefits of this consolidation for equity issuers.

    • Dividend payment schedule for 2025

    The Managing Board, upon the approval of the Supervisory Board, has decided to propose for approval at the Annual General Meeting the payment of a dividend of €2.90 per ordinary share (based on the total number of eligible shares). The dividend would be distributed evenly (pro rata the number of shares held) to holders of ordinary shares on the dividend record date set on 27 May 2025 (ex-dividend date is set on 26 May 2025 and payment date is set on 28 May 2025). This dividend represents a pay-out ratio of 50% of the reported net income, in line with Euronext’s current dividend policy.

    Corporate highlights since 1 April 2025

    • Euronext completes the acquisition of Admincontrol

    On 13 May 2025, Euronext announced the completion of the acquisition of 100% of the shares of Admincontrol for an enterprise value of NOK 4,650 million. This transaction complies with Euronext’s capital allocation policy, with a ROCE expected to exceed the WACC within three to five years post-closing11. Admincontrol will be part of Euronext Corporate Solutions, strengthening the development of the franchise in the Nordics and the UK. This acquisition supports Euronext’s strategy to expand its software-as-a-service (SaaS) offering and increases Euronext’s share of subscription-based revenue. Admincontrol has experienced double-digit growth over the past five years, with NOK 452 million in revenue and NOK 200 million in EBITDA in 202412. From the second quarter of 2025, Admincontrol’s revenue will be integrated into Euronext’s revenue line Corporate and Investor Solutions and Technology Services.

    • Launch of European Common Prospectus to accelerate capital market integration and boost IPO activity across the EU

    On 25 April 2025, Euronext has launched the European Common Prospectus, a standardised template for equity issuances, with the aim to integrate European capital markets more deeply. This initiative seeks to reduce regulatory fragmentation, enhance transparency, and promote cross-border investment. The prospectus, developed since November 2024, aligns with existing EU regulations and simplifies the listing process by reducing the required sections from 21 to 11. It uses English as the preferred language, facilitating cross-border access to capital. This new format benefits issuers by streamlining the listing process, and investors by providing consistency and comparability across EU jurisdictions. The full implementation of the Listing Act is expected by June 2026; but this prospectus addresses the immediate need to boost IPO activity in Europe in the meantime.

    • Euronext strengthens its support for European strategic autonomy

    On 6 May 2025, Euronext announced the implementation of a full set of initiatives to support investments in European strategic autonomy. This includes the creation of a new series of thematic indices covering companies that contribute to Europe’s strategic autonomy, tailored solutions to enhance equity financing of European aerospace and defence companies and facilitated issuance of European defence bonds13.

    • Euronext volumes for April 2025

    In April 2025, the average daily transaction value on the Euronext cash order book stood at €16.0 billion, up +44.1% compared to the same period last year. The overall average daily volume on Euronext derivatives stood at 712,389 lots, up +6.4% compared to April 2024, and the open interest was 25,388,147 contracts at the end of April 2025, up +6.4% compared to April 2024. The average daily volume on Euronext FX’s spot foreign exchange market stood at $38.2 billion, up +33.1% compared to the same period last year. Average daily day-ahead power traded was 2.7TWh, down -3.5% compared to the same period last year, and average daily intraday power traded was 0.5TWh, up +37.4% compared to April 2024. MTS Cash average daily volumes were up +55.4% to €55.8 billion in April 2025, MTS Repo term adjusted average daily volume stood at €723.1 billion, up +50.1% compared to the same period last year. Euronext Clearing cleared 32,206,770 shares in April 2025, +58.2% compared to April 2024. €2,752 billion of wholesale bonds were cleared in April 2025 (double counted), up +19.7% compared to the same period in 2024. 1,098,474 bond retail contracts were cleared in April 2025 (double counted), down -18.0% compared to April 2024. The number of derivatives contracts cleared was 14,247,781, up +934.7% compared to April 2024 (single counted). Euronext Securities reported 12,506,259 settlement instructions in April 2025, up +14.0% compared to the same period last year. The total Assets Under Custody reached over €7.0 trillion in April 2025, up +3.0% compared to the same period last year.

    Results Webcast

    A webcast will be held on Thursday, 15 May 2025, at 09:00 CEST (Paris time) / 08:O0 BST (London time):

    Live webcast:

    For the live webcast go to: Webcast

    The webcast will be available for replay after the call at the webcast link and on the Euronext Investor Relations webpage.
    Contacts

    ANALYSTS & INVESTORS – ir@euronext.com

    Investor Relations        Aurélie Cohen                 

    Judith Stein        +33 6 15 23 91 97          

    MEDIA – mediateam@euronext.com 

    Europe        Aurélie Cohen         +33 1 70 48 24 45   

    Andrea Monzani         +39 02 72 42 62 13 

    Belgium        Marianne Aalders         +32 26 20 15 01                 

    France, Corporate        Flavio Bornancin-Tomasella        +33 1 70 48 24 45                 

    Ireland        Andrea Monzani         +39 02 72 42 62 13                 

    Italy         Ester Russom         +39 02 72 42 67 56                 

    The Netherlands        Marianne Aalders         +31 20 721 41 33                 

    Norway         Cathrine Lorvik Segerlund        +47 41 69 59 10                 

    Portugal         Sandra Machado        +351 91 777 68 97                

    Corporate Solutions        Andrea Monzani         +39 02 72 42 62 13                          

    About Euronext  

    Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody, to solutions for issuers and investors. Euronext runs MTS, one of Europe’s leading electronic fixed income trading markets, and Nord Pool, the European power market. Euronext also provides clearing and settlement services through Euronext Clearing and its Euronext Securities CSDs in Denmark, Italy, Norway and Portugal.

    As of March 2025, Euronext’s regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal host nearly 1,800 listed issuers with €6.3 trillion in market capitalisation, a strong blue-chip franchise and the largest global centre for debt and fund listings. With a diverse domestic and international client base, Euronext handles 25% of European lit equity trading. Its products include equities, FX, ETFs, bonds, derivatives, commodities and indices.

    For the latest news, go to euronext.com or follow us on X and LinkedIn.

    Disclaimer

    This press release is for information purposes only: it is not a recommendation to engage in investment activities and is provided “as is”, without representation or warranty of any kind. The figures in this document have not been audited or reviewed by our external auditor. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext. This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is available at www.euronext.com/terms-use.

    © 2025, Euronext N.V. – All rights reserved. 

    The Euronext Group processes your personal data in order to provide you with information about Euronext (the “Purpose”). With regard to the processing of this personal data, Euronext will comply with its obligations under Regulation (EU) 2016/679 of the European Parliament and Council of 27 April 2016 (General Data Protection Regulation, “GDPR”), and any applicable national laws, rules and regulations implementing the GDPR, as provided in its privacy statement available at: www.euronext.com/privacy-policy. In accordance with the applicable legislation you have rights with regard to the processing of your personal data: for more information on your rights, please refer to: www.euronext.com/data_subjects_rights_request_information. To make a request regarding the processing of your data or to unsubscribe from this press release service, please use our data subject request form at connect2.euronext.com/form/data-subjects-rights-request or email our Data Protection Officer at dpo@euronext.com.

    Appendix

    The figures in this Appendix have not been audited or reviewed by our external auditor.

    Non-IFRS financial measures

    For comparative purposes, the company provides unaudited non-IFRS measures including:

    • Operational expenses excluding depreciation and amortisation, underlying operational expenses excluding depreciation and amortisation;
    • EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin.

    Non-IFRS measures are defined as follows:

    • Operational expenses excluding depreciation and amortisation as the total of salary and employee benefits, and other operational expenses;
    • Underlying operational expenses excluding depreciation and amortisation as the total of salary and employee benefits, and other operational expenses, excluding non-recurring costs;
    • Underlying revenue and income as the total of revenue and income, excluding non-recurring revenue and income;
    • Non-underlying items as items of revenue, income and expense that are material by their size and/or that are infrequent and unusual by their nature or incidence are not considered to be recurring in the normal course of business and are classified as non-underlying items on the face of the income statement within their relevant category in order to provide further understanding of the ongoing sustainable performance of the Group. These items can include:
      • integration or double run costs of significant projects, restructuring costs and costs related to acquisitions that change the perimeter of the Group;
      • one-off finance costs, gains or losses on sale of subsidiaries and impairments of investments:
      • amortisation and impairment of intangible assets which are recognised as a result of acquisitions and mostly comprising customer relationships, brand names and software that were identified during purchase price allocation (PPA);
      • tax related to non-underlying items.
    • Adjusted operating profit as the operating profit adjusted for any non-underlying revenue and income and non-underlying costs, including PPA of acquired businesses;
    • EBITDA as the operating profit before depreciation and amortisation;
    • Adjusted EBITDA as the adjusted operating profit before depreciation and amortisation adjusted for any non-underlying operational expenses excluding depreciation and amortisation;
    • EBITDA margin as EBITDA divided by total revenue and income;
    • Adjusted EBITDA margin as adjusted EBITDA, divided by total revenue and income;
    • Adjusted net income, as the net income, share of the parent company shareholders, adjusted for any non-underlying items and related tax impact.

    Non-IFRS financial measures are not meant to be considered in isolation or as a substitute for comparable IFRS measures and should be read only in conjunction with the consolidated financial statements.

    Consolidated income statement

      Q1 2025 Q1 2024
    in €m, unless stated otherwise Underlying Non-underlying Reported Underlying Non-underlying Reported
    Revenue and income 458.5 458.5 401.9 401.9
    Securities Services 83.4 83.4 78.1 78.1
    Custody and Settlement 75.8 75.8 67.9 67.9
    Other Post Trade 7.6 7.6 10.2 10.2
    Capital Markets and Data Solutions 157.4 157.4 147.6 147.6
    Primary Markets 46.3 46.3 45.5 45.5
    Advanced data solutions 65.1 65.1 60.2 60.2
    Corporate and Investor Solutions and Technology Services 45.9 45.9 41.8 41.8
    Net treasury income 18.6 18.6 11.7 11.7
    FICC Markets 90.7 90.7 72.5 72.5
    Fixed income trading and clearing 51.8 51.8 39.1 39.1
    Commodities income trading and clearing 29.6 29.6 26.3 26.3
    FX trading 9.2 9.2 7.1 7.1
    Equity Markets 108.4 108.4 91.9 91.9
    Cash equity trading and clearing 94.0 94.0 76.8 76.8
    Financial derivatives trading and clearing 14.4 14.4 15.1 15.1
    Other income 0.1 0.1 0.2 0.2
    Operating expenses excluding D&A (164.5) 0.1 (164.3) (150.7) (8.7) (159.4)
    Salaries and employee benefits (86.9) (0.5) (87.3) (80.7) (4.4) (85.1)
    Other operational expenses, of which (77.6) 0.6 (77.0) (70.0) (4.3) (74.3)
    System & communication (25.9) (0.1) (26.0) (24.6) (1.4) (26.0)
    Professional services (18.1) 1.0 (17.1) (11.9) (1.9) (13.8)
    Clearing expense (0.2) (0.2) (9.1) (9.1)
    Accommodation (4.6) (0.2) (4.8) (3.8) (0.3) (4.1)
    Other operational expenses (28.8) (28.8) (20.6) (0.7) (21.3)
    EBITDA 294.1 0.1 294.2 251.3 (8.7) 242.6
    EBITDA margin 64.1%   64.2% 62.5%   60.4%
    Depreciation & amortisation (21.5) (26.8) (48.3) (19.0) (25.0) (44.0)
    Total expenses (185.9) (26.7) (212.6) (169.7) (33.7) (203.4)
    Operating profit 272.6 (26.7) 245.9 232.3 (33.7) 198.6
    Net financing income / (expense) (1.5) (1.5) 4.7 (0.0) 4.7
    Profit before income tax 271.1 (26.7) 244.4 237.0 (33.7) 203.3
    Income tax expense (74.9) 7.1 (67.8) (63.4) 8.7 (54.7)
    Non-controlling interests (12.7) 0.9 (11.9) (9.3) 0.4 (8.9)
    Net income, share of the parent company shareholders 183.5 (18.8) 164.8 164.2 (24.5) 139.7
    EPS (basic, in €) 1.80   1.62 1.58   1.35
    EPS (diluted, in €) 1.80   1.61 1.58   1.34

    Adjusted EPS definition

      Q1 2025 Q1 2024
    Net income reported 164.8 139.7
    EPS reported 1.62 1.35
    Adjustments for non-underlying items included in:    
    Operating expenses exc. D&A                                       0.1 (8.7)
    Depreciation and amortisation                                   (26.8) (25.0)
    Minority interest 0.9 0.4
    Tax related to adjustments 7.1 8.7
    Adjusted net income 183.5 164.2
    Adjusted EPS 1.80 1.58

    Consolidated comprehensive income statement

      Q1 2025 Q1 2024
    Profit for the period 176.6 148.6
         
    Other comprehensive income    
    Items that may be reclassified to profit or loss:    
    – Exchange differences on translation of foreign operations 16.9 (26.3)
    – Income tax impact on exchange differences on translation of foreign operations (1.1) 2.6
    – Gains and losses on cash flow hedges 2.2
    – Change in value of debt investments at fair value through other comprehensive income 0.2
    – Income tax impact on change in value of debt investments at fair value through
    other comprehensive income
    (0.1)
         
    Items that will not be reclassified to profit or loss:    
    – Remeasurements of post-employment benefit obligations (2.5) (0.3)
    Other comprehensive income for the period, net of tax 15.5 (23.8)
    Total comprehensive income for the period 192.1 124.8
         
    Comprehensive income attributable to:    
    – Owners of the parent 179.9 116.6
    – Non-controlling interests 12.2 8.2

    Consolidated statement of financial position

    in €m 31 March 2025 31 December 2024
    Non-current assets    
    Property, plant and equipment 107.4 106.2
    Right-of-use assets 88.2 57.5
    Goodwill and other intangible assets                                6,096.5                           6,096.2
    Deferred income tax assets 29.1 30.4
    Investments in associates and joint ventures                                          0.8                                    0.8
    Financial assets at fair value through OCI                                     357.0                               357.0
    Other non-current assets 3.4 3.5
    Total non-current assets 6,682.4 6,651.6
         
    Current assets    
    Trade and other receivables 574.2 412.9
    Income tax receivable 17.5 11.4
    Derivative financial instruments 2.2
    CCP clearing business assets 341,647.6 270,288.7
    Other current financial assets 59.5 63.8
    Cash & cash equivalents 1,642.3 1,673.5
    Total current assets 343,943.3                272,450.3
         
    Total assets 350,625.7 279,101.8
         
    Equity    
    Shareholders’ equity 4,224.6 4,245.2
    Non-controlling interests 161.7 156.8
    Total Equity 4,386.3 4,402.0
         
    Non-current liabilities    
    Borrowings 2,537.5 2,537.0
    Lease liabilities 71.7 46.2
    Other non-current financial liabilities 3.5 3.5
    Deferred income tax liabilities 495.1 496.8
    Post-employment benefits 23.0 21.0
    Contract liabilities 54.2 56.4
    Other provisions 7.0 7.2
    Total Non-current liabilities 3,192.1 3,168.2
         
    Current liabilities    
    Borrowings 524.0 516.5
    Lease liabilities 21.9 15.8
    Derivative financial instruments                                         0.1
    CCP clearing business liabilities 341,695.3 270,357.9
    Income tax payable 99.3 91.1
    Trade and other payables 526.5 464.3
    Contract liabilities 176.2 80.1
    Other provisions 4.1 5.9
    Total Current liabilities 343,047.3 271,531.7
         
    Total equity and liabilities 350,625.7 279,101.8

    *The comparative figures for CCP clearing business assets and liabilities were both adjusted upwards by €69,713.3 million in the Universal Registration Document 2024 as published on 28 March 2025 due to an adjustment in the recognition of clearing business assets and clearing business liabilities, when compared to the positions in the press release dated 13 February 2025.

    Consolidated statement of cash flows

    in €m Q1 2025 Q1 2024
    Profit before tax 244.4 203.3
    Adjustments for:    
    – Depreciation and amortisation 48.3 44.0
               – Share based payments 3.9 3.9
    – Changes in working capital (37.4) (36.6)
    Cash flow from operating activities 259.2 214.7
    Income tax paid (68.6) (30.0)
    Net cash flows from operating activities 190.6 184.6
         
    Cash flow from investing activities    
    Purchase of current financial assets                                     (0.7) (21.7)
    Redemption of current financial assets                                      5.7 18.6
    Purchase of property, plant and equipment                                    (6.8) 0.1
    Purchase of intangible assets (23.0) (16.4)
    Interest received 10.3 10.4
    Proceeds from sale of property, plant, equipment and intangible assets                                         – 0.1
    Net cash flow from investing activities (14.6) (8.9)
         
    Cash flow from financing activities    
    Interest paid (0.8) (0.2)
    Payment of lease liabilities (5.5) (5.5)
    Transactions in own shares (204.5) (2.1)
    Dividends paid to non-controlling interests (0.3)
    Net cash flow from financing activities (210.8) (8.2)
         
    Total cash flow over the period (34.8) 167.6
    Cash and cash equivalents – Beginning of period 1,673.5 1,448.8
    Non-cash exchange gains/(losses) on cash and cash equivalents 3.6 (6.8)
    Cash and cash equivalents – End of period 1,642.3 1,609.6

    Volumes for the first quarter of 2025

    • Securities Services
    Euronext Securities activity Q1 2025 Q1 2024 % var
    Number of settlement instructions over the period 39,317,842 35,963,785 +9.3%
    Assets under Custody (in €bn), end of period 7,132 6,871 +3.8%
    • Capital Markets
      Q1 2025 Q1 2024 % var
    Number of trading days 63 63
    Listings      
    Number of Issuers on Equities      
    Euronext 1,786 1,860 -4.0%
    SMEs 1,397 1,463 -5.0%
    Number of Listed Securities      
    Funds 2,163 2,392 -10.0%
    ETFs 4,158 3,861 +8.0%
    Bonds 55,645 56,862 -2.0%
    Capital raised on primary and secondary market      
    Total Euronext, (€ million)      
    Number of new equity listings 8 10  
    Money Raised – New equity listings (including over-allotment) 237 156 +52.0%
    Money Raised – Follow-ons on equities 2,850 8,012 -64.0%
    Money Raised – Bonds 316,716 380,183 -17.0%
    Total Money Raised 319,803 388,352 -18.0%
    of which SMEs      
    Number of new equity listings 8 9  
    Money Raised – New equity listings (including over-allotment) 237 156 +52.0%
    Money Raised – Follow-ons on equities 1,278 4,957 -74.0%
    Money Raised – Bonds 396 478 -17.0%
    Total Money Raised 1,911 5,591 -66.0%
    • FICC Markets

    Fixed income trading

      Q1 2025 Q1 2024 % var
    Transaction value (€ million, single counted)      
    MTS      
    ADV MTS Cash 56,791 34,658 +64.0%
    TAADV MTS Repo 508,929 491,789 +3.0%
    Other fixed income      
    ADV Fixed income 1,932 1,744 +11.0%

    Fixed income clearing

    Number of transactions and lots cleared Q1 2025 Q1 2024 % var
    Bonds – Wholesale (nominal value in €bn – double counted) 8,160 7,392 +10.0%
    Bonds – Retail (number of contracts – double counted) 4,175,846 3,800,084 +10.0%

    Commodities markets

      Q1 2025 Q1 2024 % var
    Number of trading days              90 91 -1.1%
    Power volume (in TWh)      
    ADV Day-ahead Power Market          3.28 3.32 -1.2%
    ADV Intraday Power Market          0.43 0.29 +47.3%
      Q1 2025 Q1 2024 % var
    Number of trading days 63 63
    Derivatives Volume (in lots)      
    Commodity 7,886,335 7,193,909 +9.6%
    Futures 7,570,868 6,756,390 12.1%
    Options 315,467 437,519 -27.9%
    Derivatives ADV (in lots)      
    Commodity 125,180 114,189 9.6%
    Futures 120,173 107,244 12.1%
    Options 5,007 6,945 -27.9%
      31 March 2025 31 March 2024 % var
    Open interest (in lots)      
           
    Commodity 1,043,370 923,004 +13.0%
    Futures 841,449 584,361 +44.0%
    Options 201,921 338,643 -40.4%

    FX Markets

      Q1 2025 Q1 2024 % var
    Number of trading days 63 63
    FX volume ($m, single counted)      
    Total Euronext FX 1,856,742 1,583,472 +17.3%
    ADV Euronext FX 29,472 24,742 +19.1%
    • Equity Markets

    Cash trading

      Q1 2025 Q1 2024 % var
    Number of trading days 63 63
    Number of transactions (buy and sell)      
    Total Cash Market 188,721,610 152,340,714 +24.0%
    ADV Cash Market 2,995,581 2,418,107 +24.0%
    Transaction value (€ million, single counted)      
    Total Cash Market 867,015 657,688 +31.8%
    ADV Cash Market 13,762 10,439 +31.8%

    Cash clearing

    Number of transactions and lots cleared Q1 2025 Q1 2024 % var
    Shares (number of contracts – single counted) 76,849,676 58,446,470 +31.0%
    Derivatives (number of contracts – single counted) 42,112,910 5,823,089 +623.0%

    Financial derivatives markets

      Q1 2025 Q1 2024 % var
    Number of trading days 63 63
    Derivatives Volume (in lots)      
    Equity 34,226,575 32,815,066 +4.3%
    Index 11,889,419 12,477,980 -4.7%
    Futures 6,946,746 7,240,666 -4.1%
    Options 4,942,673 5,237,314 -5.6%
    Individual Equity 22,337,156 20,337,086 +9.8%
    Futures 489,757 574,911 -14.8%
    Options 21,847,399 19,762,175 +10.6%
           
    Derivatives ADV (in lots)      
    Equity 543,279 520,874 +4.3%
    Index 188,721 198,063 -4.7%
    Futures 110,266 114,931 -4.1%
    Options 78,455 83,132 -5.6%
    Individual Equity 354,558 322,811 +9.8%
    Futures 7,774 9,126 -14.8%
    Options 346,784 313,685 +10.6%
           
    Open interest (in lots) 31 March 2025 31 March 2024 % var
    Equity 23,589,360 21,831,754 +8.1%
    Index 1,052,853 878,571 +19.8%
    Futures 477,425 638,777 -25.3%
    Options 575,428 239,794 +140.0%
    Individual Equity 22,536,507 20,953,183 +7.6%
    Futures 165,404 564,408 -70.7%
    Options 22,371,103 20,388,775 +9.7%

    1www.euronext.com/en/media/13322/download
    2 Definition in Appendix – adjusted for non-underlying operating expenses excluding D&A and non-underlying revenue and income.
    3   Fixed income, commodities and currencies
    4 Last twelve months reported and adjusted EBITDA
    5 Like-for-like basis at constant currency
    6www.euronext.com/en/about/media/euronext-press-releases/euronext-launches-european-common-prospectus-accelerate-capital
    7www.euronext.com/en/about/media/euronext-press-releases/euronext-strengthens-its-support-for-european-strategic
    8www.euronext.com/en/about/media/euronext-press-releases/euronext-completes-acquisition-admincontrol
    9 Including revenue from power trading and clearing
    10 For the total adjustments performed please refer to the Appendix of this press release
    11 The cashflow related to the transaction will be communicated as part of Q2 2025 results
    12 Unaudited figures
    13www.euronext.com/en/about/media/euronext-press-releases/euronext-strengthens-its-support-for-european-strategic

    Attachment

    The MIL Network

  • MIL-OSI: Channel Factory Strengthens North American Leadership to Accelerate Growth and Expansion

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 14, 2025 (GLOBE NEWSWIRE) — Channel Factory, the global brand suitability and contextual advertising company, today announced several strategic leadership appointments to bolster its North American operations and drive the company’s next phase of growth, appointing Kevin Gentzel as President, Americas. Gentzel brings over two decades of experience leading revenue and transformation strategies at some of the world’s most recognized media and technology companies.

    This follows Channel Factory’s recent investment from Truelink Capital, which was specifically designed to help Channel Factory advance its future growth, and this announcement further reinforces that plan.

    In previous roles, Gentzel served as Global Chief Commercial and Growth Officer at Newsweek, was the first Chief Revenue Officer at Gannett and held the position of Head of Advertising Sales for North America at Yahoo. He has also held the position of Chief Revenue Officer at The Washington Post. During his time at The Washington Post as CRO, Gentzel helped lead the company through the Jeff Bezos acquisition. Gentzel was also the first CRO at Forbes Media, and under his leadership, the company developed the Forbes CMO Summit and Practice and launched “AdVoice” (now BrandVoice), an industry-leading version of branded content.

    Gentzel is a sought after voice at top industry conferences and has spoken at events to include Business Insider’s IGNITION, Financial Times’ Digital Media Summit in London, Forbes CMO Summit, and Digiday’s Publishing Summit.

    “As Channel Factory continues to scale and evolve, bringing on exceptional leaders is critical to realizing our vision. Kevin’s ability to drive innovation and business growth at the highest levels of media and technology makes him an invaluable addition to our executive team,” said Tony Chen Founder and CEO of Channel Factory.

    “This leadership investment underscores Channel Factory’s commitment to evolving its executive team to meet the growing needs of the digital media industry and support its ambitious expansion plans,” continued Chen.

    About Channel Factory
    Channel Factory is a global technology and data company that optimizes business performance and enhances brand reputation through ethical and effective contextual targeting. Utilizing proprietary AI and brand suitability technologically , Channel Factory ensures ads are placed on brand-safe, contextually relevant content across YouTube, CTV platforms, and social media, including Meta and TikTok. Through its conscious media planning, Channel Factory is committed to promoting sustainability, diversity, and positive content, helping brands achieve their goals while fostering a healthier digital ecosystem.

    Channel Factory has a presence in 31 countries across the Americas, Europe, the Middle East, Asia, and ANZ, providing advertisers with IAB standard category lists and customized content options in 49+ languages. For more information about Channel Factory, please visit http://www.channelfactory.com.

    Media Contact:
    Andrew Krepow
    andrew@broadsheetcomms.com

    The MIL Network

  • MIL-OSI Security: UPDATE: Warrant of further detention granted

    Source: United Kingdom London Metropolitan Police

    UPDATE On Wednesday, 14 May, a warrant of further detention was obtained at Westminster Magistrates’ Court, meaning the man can be detained for an additional 36 hours.

    +++

    A man arrested in connection with a series of arson attacks remains in police custody.

    The 21-year-old was arrested in the early hours of Tuesday, 13 May on suspicion of arson with intent to endanger life.

    He was arrested at an address in Sydenham.

    The man was taken to a London police station, where he currently remains in police custody.

    The arrest relates to three incidents.

    On Monday, 12 May at 01:35hrs, police were alerted by the London Fire Brigade to reports of a fire at a residential address in NW5.

    Officers attended the scene. Damage was caused to the property’s entrance, nobody was hurt.

    As a precaution and due to the property having previous connections with a high-profile public figure, officers from the Met’s Counter Terrorism Command are leading the investigation into this fire. Enquiries are ongoing to establish what caused it.

    The investigation team are also considering two other incidents – a vehicle fire in NW5 on Thursday, 8 May and a fire at the entrance of a property in N7 on Sunday, 11 May – and are investigating whether they may be linked to the fire in NW5 on 12 May.

    All three fires are being treated as suspicious at this time, and enquiries remain ongoing.

    Commander Dominic Murphy, Head of the Met’s Counter Terrorism Command, said: “We are working at pace and continue to explore various lines of enquiry to establish the cause of the fires, and any potential motivation for these. A key line of enquiry is whether the fires are linked due to the two premises and the vehicle all having previous links to the same high-profile public figure.

    “We recognise that this investigation may cause concern to other public figures – particularly MPs. The protection of MPs is something we take extremely seriously across the whole of policing and I would encourage any MP who is concerned about their own safety to get in touch with their dedicated local Operation Bridger officer, who can provide further advice and support.

    “In the meantime, our investigation remains ongoing and we will continue to work closely with local officers in the areas affected. Residents can expect to see an increased police presence in those areas over the coming days, but if anyone has concerns, then please speak with a local officer, or call us.”

    Anyone with information that could assist the investigation should call police on 101 quoting CAD 441/12 May.

    We would ask the public to remain vigilant and if they see or hear anything that doesn’t look or feel right, then to report it to police – either by calling police, in confidence, on 0800 789 321 or via www.gov.uk/ACT

    In an emergency, always dial 999.

    MIL Security OSI

  • MIL-OSI USA: Rep. Estes Applauds Ways and Means Tax Legislation Vote

    Source: United States House of Representatives – Congressman Ron Estes (R-Kansas)

    Rep. Estes Applauds Ways and Means Tax Legislation Vote

    WASHINGTON – After about 18 hours of debate in the Ways and Means Committee, Rep. Ron Estes (R-Kansas) voted to advance the tax provisions as part of the full budget reconciliation bill. The tax legislation included several priorities from Rep. Estes.
     
    “The 2017 Tax Cuts and Jobs Act was a boon for families, small businesses, and our national economy, and allowing key provisions to expire would be devastating for Kansans,” said Rep. Estes. “I was pleased that our bill makes the lower tax rates for all Americans permanent, as well as extending and expanding the critical Child Tax Credit and increased standard deduction that benefits Kansas families and workers. Knowing that Americans are innovators and the need to encourage growth in the United States, the Ways and Means Committee included several of my priorities, including immediate expensing for research and development, tax parity for music creators and biofuel producers, and provisions that promote global competitiveness.”
     
    The tax legislation will be combined with the work from the other committees of jurisdiction, where it will then be marked up by the House Budget Committee, where Rep. Estes also serves.

    MIL OSI USA News

  • MIL-OSI Banking: APEC Education Ministers Issue Joint Statement Jeju, Republic of Korea | 14 May 2025 Issued by the 7th APEC Education Ministerial Meeting APEC Education Ministers have issued a joint statement reaffirming the central role of education in promoting sustainable economic growth and regional prosperity amid accelerating digital transformation.

    Source: APEC – Asia Pacific Economic Cooperation

    APEC Education Ministers have issued a joint statement reaffirming the central role of education in promoting sustainable economic growth and regional prosperity amid accelerating digital transformation.

    Gathering in Jeju under the theme “Bridging Educational Gaps and Promoting Sustainable Growth in the Era of Digital Transformation: Innovate, Connect, Prosper,” ministers emphasized the importance of regional cooperation to strengthen digital learning infrastructure, enhance education quality and equip learners with the skills needed to navigate a rapidly evolving technological landscape.

    The joint statement highlights the potential of artificial intelligence and emerging technologies to improve learning outcomes through personalized education. Ministers acknowledged that AI-powered tools—such as adaptive learning platforms—can help students address knowledge gaps and build strong academic foundations. To support this shift, they stressed the need to build teachers’ digital competencies through professional development and peer learning.

    Ministers encouraged greater collaboration across APEC economies to expand access to digital resources, share best practices, and develop policies that promote educational innovation. They reaffirmed support for initiatives under the APEC Education Strategy (2016–2030), the Arequipa Goals and the La Serena Roadmap to advance educational opportunities for all.

    The joint statement also further recognized the role of Technical and Vocational Education and Training (TVET) and lifelong learning in helping learners build future-ready skills and adapt to the changing demands of the digital economy.

    Read the Joint Statement of the 7th APEC Education Ministerial Meeting “Bridging Educational Gaps and Promoting Sustainable Growth in the Era of Digital Transformation: Innovate, Connect, Prosper

    Read the Chair’s Statement on the 7th APEC Human Resources Development Ministerial Meeting APEC Korea 2025


    For more information or media inquiries, please contact:
    [email protected]

    MIL OSI Global Banks

  • MIL-OSI Russia: Russian delegation to discuss both political and technical issues in Istanbul – Russian presidential aide

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    Moscow, May 14 /Xinhua/ — The Russian delegation at the talks scheduled for May 15 in Istanbul, Turkey, will discuss both political and technical issues, and its composition will be determined based on this, Russian presidential aide Yuri Ushakov said in an interview with Pavel Zarubin, a journalist with the All-Russian State Television and Radio Broadcasting Company.

    “The delegation will discuss both political and, I would say, a myriad of technical issues. So the composition will be determined based on this,” said Y. Ushakov in an interview, a video of which was published on Wednesday on P. Zarubin’s Telegram channel.

    The Russian presidential aide said that Russia is ready to resume direct negotiations with Ukraine, which were interrupted in 2022. “You know the president’s statement of May 11 that we are ready to begin direct negotiations in Istanbul on May 15. Or rather, not even begin, but resume the negotiations that were interrupted by the Ukrainian side at the instigation of Western colleagues and partners,” Y. Ushakov emphasized.

    Speaking to journalists in the Kremlin on the night of May 11, V. Putin proposed that the Ukrainian side resume direct negotiations, interrupted in 2022, without preconditions. It was proposed to begin the dialogue on May 15 in Istanbul. Later on May 11, Ukrainian President Volodymyr Zelensky proposed to V. Putin on the social network X to hold a personal meeting in Turkey on May 15 to resolve the Russian-Ukrainian armed conflict. He added that Ukraine also expects a full and long-term ceasefire starting on May 12. –0–

    MIL OSI Russia News

  • MIL-OSI: XenDex Prepares to Reveal Full Platform Mockup Design as $XDX Presale Nears Final Countdown

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, May 14, 2025 (GLOBE NEWSWIRE) — XenDex, the first all-in-one decentralized exchange on the XRP Ledger, is proud to announce that its full platform is actively in development, and a first-look mockup design is set to be revealed in a few hours.

    With all core features being built into a sleek, user-friendly interface, XenDex is delivering what no other XRPL-based project has offered to date: a unified DeFi experience that combines AI-powered copy trading, non-custodial lending and borrowing, staking, cross-chain trading, and DAO governance, all within a single platform.

    Purchase $XDX At A low Price

    XenDex Platform Preview Coming Soon

    To demonstrate the depth of development underway, XenDex will release visual mockups of the upcoming platform, giving investors and community members an exclusive preview of how the platform will look, feel, and function.

    From live trading interfaces to lending dashboards, staking portals, and AI copy trading modules, this upcoming design reveal will provide a clear glimpse into the future of decentralized finance on XRP.

    Buy $XDX Now & Earn Rewards

    Why You Should Join the $XDX Presale Before It’s Too Late

    As development accelerates, the $XDX token presale is rapidly approaching sellout, and the current entry price will not last much longer.

    • Current Rate: 1.25 XRP = 10 XDX
    • Minimum Buy: 150 XRP
    • Soft Cap: Reached

    Buy Now Before Presale Ends: https://xendex.net/presale

    Once sold out, the next chance to acquire $XDX will be on major centralized exchanges, at a significantly higher price.

    $XDX: The Utility Token Powering XenDex

    The $XDX token unlocks full access to all features on the XenDex platform, including:

    • Governance voting
    • Reduced trading & borrowing fees
    • Staking rewards & liquidity incentives
    • Copy trading integration
    • Collateral for lending protocols
    • Priority access to new features and airdrops

    Buy XDX Before Listing On Exchange

    XenDex Platform Key Features

    • AI-Powered Copy Trading – Mirror professional traders to maximize gains
    • Lending & Borrowing – Borrow and lend XRP and $XDX with smart contract security
    • Cross-Chain Trading – Swap XRP with tokens across BNB Chain, Solana, and more
    • Staking & Yield Farming – Earn while supporting platform liquidity
    • DAO Governance – $XDX holders vote on upgrades, proposals, and token listings

    With its clean, mobile-friendly design, XenDex is being built to onboard everyone, from DeFi beginners to institutional traders.

    Join the XenDex Movement

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

    Contact:
    Frank Richards
    Frank@xendex.net

    Disclaimer: This is a paid post provided by XenDex. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.

    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/aefbc255-de35-4f03-a6ec-b8786296bf8d

    The MIL Network

  • MIL-OSI United Kingdom: Change needed at sheltered plus schemes say councillors

    Source: City of Canterbury

    Change is desperately needed at Canterbury City Council’s Sheltered Plus housing schemes to save it and its tenants money and boost the quality of people’s homes. 

    That the is the conclusion of councillors from all political parties who took part in the Older Persons’ Accommodation Working Group after carefully examining the evidence. 

    Its report will be discussed by the Overview Committee at its meeting on 22 May. 

    The working group’s report says: “Sheltered Plus was put in place in 2018 with a large financial subsidy from the Housing Revenue Account (HRA) and a guarantee that it would remain unaltered for two years. 

    “The council has honoured that commitment and more. Six years have passed and the environment in which the council’s housing operates has changed dramatically and the status quo is not financially sustainable.” 

    The HRA is the dedicated account the council uses to pay for council housing and which tenants pay their rent into. 

    The report goes on: “The buildings are ageing and require significant capital investment for repairs, maintenance and modernisation. 

    “Many are dated with limited space [for tenants], no Wi-Fi or electric vehicle charging points.  

    “Society has changed dramatically since the schemes were designed and they no longer meet the needs or aspirations of many of today’s over-60s, which is reflected in limited demand.   

    “However, housing need in general is increasing and the council must make the best use of its scarce supply of affordable homes for the benefit of local households of all ages that desperately need a home. 

    “This review has conducted extensive research and the findings are clear.   

    “The full cost of the Sheltered Plus service is unaffordable to many because key elements of the service, such as night reassurance cover and the laundry service do not qualify for Housing Benefit, as they are personal care and not related to the provision of accommodation.   

    “The unfunded costs have been met by the HRA, which is not what it is intended for and, with the other financial pressures on the HRA, the situation is unsustainable. 

    “If the council is to survive as a social landlord, this hole in the finances must be addressed and services must adapt to changes in society to ensure they remain relevant for current and future generations.” 

    The working group recommendations include: 

    • standardising the service in sheltered housing and Sheltered Plus to provide a consistent service across the whole sheltered housing portfolio including removing the laundry service and stopping the provision of night reassurance cover 
    • reducing the number of Independent Living Managers 
    • improving the support provided by the Lifeline service 
    • expanding provision, including telecare and telehealth 
    • installing modern CCTV equipment, monitored by the council’s Central Control room 

    In its report, the working group recognises the current Sheltered Plus arrangements give tenants and their families peace of mind and make them feel secure. 

    It wants to listen closely to their views and concerns so we can take these fully into account before a decision is taken. 

    The same applies to those council staff members that would be affected. 

    The working group is recommending a comprehensive 12-week consultation.  

    This will include personal one-to-one meetings with tenants and their families as well as gathering the views of the Resident Engagement Panel and Independent Living Forum which represent tenants and meetings with key stakeholders. 

    The working group says each tenant would need a personalised support plan if the transition were to go ahead so residents are able to be carefully helped into the new arrangements. 

    The current Sheltered Plus service is unique and not found anywhere else in Kent.  

    It is provided at 127 properties across four schemes: 

    • Lang Court in Whitstable  
    • Cranmer House in Canterbury  
    • Collard House in Canterbury  
    • Whitgift Court in Canterbury  

    The service was designed through consultation with tenants and their families after Kent County Council withdrew its Supporting People Grant in March 2018. 

    They voted to keep and pay for services beyond standard sheltered housing including: 

    • an on-site, non-residential Independent Living Manager during weekday office hours 
    • a supported laundry service during weekdays because the kitchens of individual flats are too small to install a domestic washing machine, and tenants sometimes find the controls of the commercial-style machines in the communal laundry too heavy to operate 
    • on-call night reassurance service, seven nights a week, in case of emergency 
    • signposting to taking up activities, training, work or engaging with the community   
    • advice about accessing health care and social care.   

    At Whitgift Court and Lang Court there is a dedicated member of staff, whereas Collard House and Cranmer House share a member of staff and pay commensurately less.  

    The night reassurance service does not provide a hands-on response in an emergency but contacts the relevant service or family member.  

    The full cost of the Sheltered Plus service is too expensive for most tenants and a commitment was given by the council to subsidise the service for two years before it was reviewed, with the deficit underwritten by the HRA. 

    Both sheltered housing and Sheltered Plus are supported by the council’s Lifeline service which enables tenants to raise an alarm in an emergency. 

    The Overview Committee will meet at the Guildhall, St Peter’s Place, at 7pm on Thursday 22 May. 

    You can view the agenda and the working group’s full report here

    Published: 14 May 2025

    MIL OSI United Kingdom

  • MIL-OSI Russia: IMF Executive Board Concludes 2025 Discussions on Common Policies of Member Countries of the West African Economic and Monetary Union

    Source: IMF – News in Russian

    May 6, 2025

    • Economic growth continues to be strong in the WAEMU. Inflation has fallen back to its target range, and recent improvements in regional external imbalances are supporting a strong recovery in reserves.
    • The Council of Ministers has agreed to submit for approval by Heads of State a proposal by the WAEMU Commission for a revised Convergence Pact maintaining the previous fiscal deficit and public debt ceilings of 3 and 70 percent of GDP, respectively.
    • Rapid adoption of this pact would signal a stronger commitment to debt sustainability and help guide sound fiscal policies. The WAEMU’s institutions should also continue to promote regional integration.

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the annual discussions on common policies of member countries of the West African Economic and Monetary Union (WAEMU)[1]. The authorities have consented to the publication of the Staff Report prepared for this consultation.[2]

    Economic growth continues to be strong in the WAEMU, with heterogeneity across countries, while inflation has fallen. Economic growth rose above 6 percent in 2024, near the average of the past decade, although gaps in per capita income among member countries have continued to widen due to significant variations in economic growth. After rising above target for much 2024, inflation has also fallen back within its target range since November 2024, due to easing regional food price inflation and an appropriately tight monetary policy. The banking system remains resilient, although it maintains large exposures to regional sovereigns.

    Recent progress in reducing the WAEMU’s external imbalances, albeit with notable divergence among members, is supporting a strong recovery in reserves. After widening in 2021-2023, the WAEMU’s current account deficit narrowed significantly in 2024. The Central Bank of West African States’ (BCEAO) response to external reserves pressures has also been broadly appropriate, by tightening monetary policy via raising rates and containing the quantities of liquidity injected into the regional banking system. Reserves rebounded in late 2024 and early 2025, and are back above minimum adequate levels due mainly to windfall revenues from the annual cocoa harvest, high commodity prices, several IMF disbursements, and exports of new hydrocarbon resources in Niger and Senegal. The WAEMU’s external position is assessed to have been moderately weaker than fundamentals and desirable policy settings in 2024.

    Public debt ratios have increased significantly and heterogeneously in recent years due to large fiscal deficits and stock-flow adjustments. Ongoing progress in union-wide fiscal consolidation is welcome, although it is proceeding at a slower pace than anticipated mainly because of large data revisions in Senegal. Public debt continued to increase in 2024 beyond the level projected during the previous discussions on common policies, with considerable variation across the WAEMU (and particularly high debt in Senegal). Higher debt issuances are leading to heavier reliance on financing on the regional market, which has limited absorptive capacity and relatively high costs, and could pose a risk to external reserves.

     

    Executive Board Assessment[3]

    Executive Directors agreed with the thrust of the staff appraisal. They welcomed that the WAEMU is benefitting from strong growth, inflation within the target range, and progress in reducing fiscal and external imbalances, while also noting the significant divergence within the region. Highlighting that the region remains vulnerable to a wide range of shocks, Directors stressed the importance of prudent policies to ensure macroeconomic and financial stability and structural reforms to foster inclusive growth. They looked forward to the Fund’s continued support through tailored policy advice and financial and capacity development assistance.

    Directors stressed the importance of a commitment to debt sustainability, grounded in progress towards fiscal consolidation, measures to contain debt‑creating stock‑flow adjustments, and close monitoring of regional financing capacity. In that context, they commended the proposed reintroduction of the WAEMU Convergence Pact with the previous fiscal deficit and debt ceilings and called for its rapid adoption with a well‑designed escape clause, a correction mechanism, and credible enforcement. Fiscal adjustment should be driven by revenue mobilization to protect priority spending. Directors also stressed the importance of transparent and accurate reporting of fiscal data and enhanced debt transparency.

    Directors welcomed BCEAO’s tight monetary stance which helped bring inflation back to the target range and support reserves. Directors agreed that monetary policy should continue to be closely calibrated to external buffers and inflation developments, and that a cautious stance remains appropriate until there is a sustained recovery in reserve adequacy.

    Directors welcomed the resilience of the financial system but noted that the sovereign‑bank nexus continues to pose risks to financial stability. They encouraged the introduction of macroprudential regulatory measures to help restrain sovereign exposures, and capital surcharges to manage concentration risk. Directors stressed the importance of closely monitoring bank soundness indicators, addressing the remaining FSAP recommendations to strengthen financial stability and deepening, and taking the necessary additional steps to facilitate the removal of WAEMU members currently on the FATF grey list.

    Directors agreed that prosperity in the WAEMU will depend on progress on political cohesion, economic integration, and strengthening the regional institutional framework and infrastructure. A planned stabilization fund to support members impacted by idiosyncratic shocks could demonstrate regional solidarity, but contingent liability risks through leveraging should be avoided. Directors welcomed progress on the new fast payment system, which would promote efficiency, inclusion, and regional integration. Policies to diversify the economy and strengthen resilience would also be important.

    The views expressed by Executive Directors today will form part of the Article IV consultations with individual member‑countries that take place until the next Board discussion of WAEMU common policies. It is expected that the next regional discussions with the WAEMU authorities will be held on the standard 12‑month cycle.

    Table 1. WAEMU: Selected Economic and Social Indicators, 2021–29

       
                               

    Social Indicators

     
     
                               

    GDP

         

    Poverty (2021, latest available)

               

    Nominal GDP (2024, millions of US Dollars)

    219,784

       

    Headcount ratio at $1.90 a day (2011 PPP, percent of population)

    23.1

       

    GDP per capita (2024, US Dollars)

    1,447

       

    Undernourishment (percent of population)

       

    12.5

       
                               

    Population characteristics

         

    Inequality (2021, latest available)

               

    Total (2023, millions)

    145.3

       

    Income share held by highest 10 percent of population

     

    28.4

       

    Urban population (2023, percent of total)

    40.6

       

    Income share held by lowest 20 percent of population

     

    7.7

       

    Life expectancy at birth (2022, years)

    61.1

     

    Gini index

             

    35.4

       
                               
                               

    Economic Indicators

         
               
                       
     

    2021

    2022

     

    2023

    2024

    2025

    2026

    2027

    2028

    2029

       

     

     

     

    Act.

    SM/24/90. 1

    Est.

    Projected

     

     

     

       
                               
     

    (Annual Percentage Change)

         

    National income and prices

                             

      GDP at constant prices 2

    6.2

    5.9

     

    5.3

    6.8

    6.3

    6.4

    5.8

    5.9

    6.0

    5.9

       

      GDP per capita at constant prices

    3.2

    2.9

     

    2.4

    3.8

    3.3

    3.4

    2.8

    2.9

    3.0

    2.9

       

      Consumer prices (average)

    3.6

    7.6

    3.7

    3.2

    3.5

    2.9

    2.3

    2.0

    2.0

    2.0

     

      Terms of trade

    -6.3

    -12.3

    7.9

    4.2

    12.4

    9.3

    3.6

    -1.3

    -1.0

    -0.7

     

      Nominal effective exchange rate

    1.2

    -2.3

     

    6.3

    3.5

       

      Real effective exchange rate

    1.5

    -3.6

     

    3.9

    3.0

       
                               
     

    (Percent of GDP)

         

    National accounts

                             

      Gross national savings

    20.4

    18.8

     

    18.8

    22.4

    20.8

    21.7

    23.1

    23.2

    23.4

    23.8

       

      Gross domestic investment

    26.5

    28.8

     

    28.7

    27.5

    26.9

    26.2

    26.3

    26.7

    27.3

    27.7

       

          Of which: public investment

    6.8

    7.8

     

    7.7

    8.8

    6.8

    6.7

    7.2

    7.5

    7.8

    8.2

       
                               
     

    (Annual changes in percent of beginning-of-period broad money)

    Money and credit

                         

       Net foreign assets

    1.7

    -7.9

     

    -7.2

    0.5

    6.1

    2.7

    2.1

    3.2

    3.2

    2.2

       Net domestic assets

    16.9

    20.7

     

    10.0

    12.6

    3.4

    9.9

    10.3

    9.9

    9.7

    10.2

       Broad money

    18.0

    11.4

     

    3.5

    12.4

    8.9

    11.4

    12.4

    12.8

    12.6

    12.1

    Credit to the economy

    8.1

    9.0

     

    6.8

    6.7

    2.7

    7.2

    7.0

    6.6

    6.5

    6.3

                           
     

    (Percent of GDP, unless otherwise indicated)

    Government financial operations

                         

      Government total revenue, excl. grants

    16.1

    15.8

     

    16.5

    17.3

    16.6

    17.3

    17.7

    18.2

    18.5

    18.8

      Government expenditure

    23.9

    24.7

     

    23.8

    22.6

    22.4

    22.0

    21.8

    21.9

    22.2

    22.5

      Overall fiscal balance, excl. grants

    -7.8

    -9.0

     

    -7.3

    -5.3

    -5.8

    -4.6

    -4.1

    -3.7

    -3.7

    -3.7

      Overall fiscal balance, incl. grants

    -6.3

    -7.8

     

    -6.3

    -4.2

    -5.2

    -3.8

    -3.3

    -3.0

    -3.0

    -3.0

                           

    External sector

     

      Exports of goods and services 3

    20.0

    19.6

     

    17.7

    21.4

    18.8

    21.3

    21.8

    21.4

    20.9

    20.7

      Imports of goods and services 3

    25.9

    29.7

     

    27.5

    26.5

    24.6

    24.4

    23.8

    23.4

    23.3

    23.2

      Current account, excl. grants

    -6.6

    -10.7

     

    -10.2

    -5.4

    -6.5

    -4.9

    -3.5

    -3.7

    -4.1

    -4.1

      Current account, incl. grants

    -5.9

    -9.8

     

    -9.5

    -4.8

    -6.1

    -4.5

    -3.3

    -3.5

    -3.9

    -3.8

      External public debt

    36.3

    37.0

     

    38.9

    36.1

    39.9

    37.8

    36.6

    35.5

    33.8

    32.6

      Total public debt

    58.5

    61.5

     

    64.0

    59.6

    65.0

    63.4

    61.9

    60.4

    58.8

    57.5

                           

    Broad money

    40.7

    40.8

     

    39.1

    40.6

    38.8

    39.4

    41.0

    42.8

    44.6

    46.3

                           
                             

     

    Memorandum items:

                           

       Nominal GDP (billions of CFA francs)

        100,963

    112,343

     

    121,414

    131,429

    133,227

    145,965

    157,833

    170,313

    183,993

    198,973

     

       Nominal GDP per capita (US dollars)

    1,308

    1,259

     

    1,356

    1,436

    1,446

    1,508

    1,588

    1,663

    1,744

    1,831

     

       CFA franc per US dollars, average

    554.2

    622.4

     

    606.5

    606.2

     

    Gross international reserves

                           

     In months of next year’s imports (of goods and services)

    5.0

    4.1

     

    3.5

    3.5

    4.6

    4.7

    4.8

    4.9

    5.1

    5.2

     

     In percent of current GDP

    13.9

    10.1

     

    7.8

    8.2

    10.1

    10.0

    10.1

    10.3

    10.6

    10.7

     

     In percent of the BCEAO’s sight liabilities

    79.7

    63.8

     

    56.9

    58.1

    66.9

    67.1

    66.5

    66.0

    66.2

    66.0

     

     In millions of US dollars

    24,172

    18,398

     

    15,764

    17,872

    21,593

    24,165

    26,254

    28,967

    32,156

    35,185

     

      Sources:  IMF, African Department database; World Economic Outlook; World Bank World Development Indicators; IMF staff

    estimates and projections.

     

      All projections presented were prepared in April 2025.

                                             

    1 Shows data from the IMF Country Report 24/90 issued on March 1, 2024.

                             

    2 The acceleration in GDP growth in 2024 is due to the start of production of large hydrocarbon projects in Niger and Senegal.

                             

    3 Excluding intraregional trade.

                                             
    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Julie Ziegler

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/05/06/pr25130-imf-executive-board-concludes-2025-discussions-common-policies-member-countries-waemu

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI: Hola Prime and Pro Basketball Player Karl-Anthony Towns Team up for ‘Speed is Success’ Campaign, Redefining Prop Trading

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, NY, May 14, 2025 (GLOBE NEWSWIRE) —  Hola Prime, a leading global proprietary trading firm, is proud to announce Basketball Champion, Karl Anthony Towns as its first-ever brand ambassador. This partnership marks a significant moment in Hola Prime’s journey, highlighting its commitment to reshaping modern prop trading around what truly matters – speed, performance, discipline, and fairness.

    The announcement coincides with the launch of Hola Prime’s new brand campaign, ‘Speed is Success’, produced by one of the top agencies. The campaign draws a compelling parallel between elite sports and trading – in both, speed is not just an advantage, but the edge. The cinematic film captures how success depends on reacting swiftly, thinking clearly under pressure, and executing with discipline, whether on the court or in the market.

    “At Hola Prime, we have always believed that trading, at its core, is a performance profession,” said Somesh Kapuria, Founder and CEO of Hola Prime. “It’s not about luck or shortcuts. It’s about building skill, managing risk, staying calm under pressure, and performing when it matters most. Karl-Anthony Towns personifies these values. His career reflects what we encourage in our traders – consistency, resilience, and the courage to keep improving every day. And Hola Prime compliments their skills with a fair and transparent trading environment, and super fast payouts.” Explaining his decision to collaborate with Hola Prime, Karl-Anthony Towns said, “What drew me to Hola Prime is how they’re flipping the script – not just in finance, but in how people see trading,” said Karl-Anthony Towns. “As a pro athlete, I know what it means to bet on yourself, and that’s exactly what Hola Prime is about, so I’m happy to be their first ambassador and to help bring that mindset to the next generation.”

    Hola Prime’s decision to collaborate with an elite athlete reflects its belief that trading, like sports, rewards those who move fast, think fast, and execute fast. It’s a natural extension of its trader-centric approach – creating a platform where individuals thrive through speed, strategy, and discipline.

    With innovations like transparent pricing, under-one-hour payouts, one-on-one mentorship, and clear trading rules, Hola Prime is redefining trading speed from execution to earnings. The ‘Speed is Success’ campaign champions a new era of fair, fast, and performance-driven trading – empowering individuals to thrive through agility, skill, and accountability.

    The partnership with Towns positions Hola Prime as a standout in a saturated market – more than just a platform, it is a movement. With the star power of a professional basketball giant and the soul of a fintech disruptor, Hola Prime is redefining what trading looks like in 2025 and beyond.

    Watch the full video here: https://youtu.be/yE0Mj3BIBhc?si=ie_IEyAYMRbh471N

    About Hola Prime

    Hola Prime is a global proprietary trading firm with offices in the UK, Hong Kong, Cyprus, Dubai, and India. It supports a diverse community of traders across 175+ countries, offering access to over 150 financial instruments across multiple trading platforms. The firm is known for its structured approach to risk management, transparency, and trader-centric operations. Learn more at holaprime.com.

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