Category: Entertainment

  • MIL-OSI: AMERANY Launches Revolutionary Staking Protocol for Cryptocurrency Holders

    Source: GlobeNewswire (MIL-OSI)

    Wellington Central, New Zealand, Jan. 29, 2025 (GLOBE NEWSWIRE) — AMERANY, a leading innovator in the cryptocurrency staking sector, is proud to announce the launch of its groundbreaking staking protocol, designed to enhance passive income opportunities for cryptocurrency investors significantly. With a Total Value Locked (TVL) approaching $200 million, AMERANY stands as one of the largest staking protocols on the market, supporting a wide array of tokens across Ethereum (ETH), Optimism (OP), Arbitrum (ARB), Manta, and other networks.

    Staking redefines the utility of staked assets by allowing them to be used for additional staking in different programs or platforms, thereby offering holders the chance to accumulate more rewards. AMERANY’s protocol enables users of ETH, OP, ARB, and other supported tokens to connect to smart contracts, facilitating the reuse of their tokens for extra rewards, making it an attractive option for those looking to maximize their cryptocurrency holdings.

    AMERANY has quickly positioned itself as the largest provider regarding the number of supported staking tokens, offering high potential returns to its users. The staking market has seen substantial growth in 2024, with Ethereum staking, led by AMERANY, capturing most of the market’s total value locked.

    Supported tokens within the AMERANY ecosystem include, but are not limited to, BNB, LINK, UNI, APT, FTM, USDC, USDT, and other stablecoins, WBTC, as well as wSOL – which is one of the few platforms that allows Ethereum users to purchase and stake SOL.

    Plans to expand support to more tokens are underway, promising even greater flexibility and earning potential for users.

    The benefits of staking are manifold. It promotes competition among security providers, lowers barriers for new protocols, and strengthens the resilience of Ethereum, Optimism, Arbitrum, Manta, and other supported networks against attacks. Validators earn income through this process, and stakeholders can increase efficiency by diversifying their staked assets across multiple protocols.

    “In addition to staking, AMERANY offers staking services and liquid pools for over 60 tokens, with attractive APR yields,” said Eric Smith, CEO at AMERANY. “Our mission is to provide cryptocurrency holders with innovative ways to maximize their investments, and our staking protocol is a testament to this commitment.”

    About AMERANY

    AMERANY is a leading cryptocurrency staking and staking protocol built on Ethereum, Optimism, Arbitrum, Manta, and other networks. It aims to revolutionize how cryptocurrency holders generate passive income by providing innovative staking and staking solutions. With a TVL approaching $200 million, AMERANY is at the forefront of the staking market, offering high potential returns and supporting a wide range of tokens.

    Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Cryptocurrency mining and staking involves risk. There is potential for loss of funds. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

    The MIL Network

  • MIL-OSI USA: Durbin Votes ‘No’ On Advancing President Trump’s Pick To Be Attorney General, Pam Bondi

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin
    January 29, 2025
    WASHINGTON – U.S. Senate Democratic Whip Dick Durbin (D-IL), Ranking Member of the Senate Judiciary Committee, today voted against advancing President Trump’s pick to be Attorney General of the United States, Pam Bondi, in the Senate Judiciary Committee executive business meeting this morning. The Committee voted to advance her nomination on a party-line vote of 12-10.
    Key Quotes:
    “If you want to know the role of the Department of Justice under President Trump, just listen to his words. He said ‘I have the absolute right to do what I want to do with the Justice Department.’ He not only uses the Justice Department to advance his political interests but he has also promised to seek ‘retribution’ against ‘the enemy within.’ The President has repeatedly threatened to weaponize the justice system against those he feels have wronged him and that’s a long list. It includes career prosecutors, military officials, and his own former political appointees. Unfortunately, we are seeing these threats emerge in real time.”
    “Given the massive upheaval that President Trump has caused at the Justice Department in just the first few days in office, the next Attorney General will have their work cut out for them. As I said during Ms. Bondi’s hearing, it is absolutely critical that any nominee for this position be committed first and foremost to the Constitution and the American people—not the President and his political agenda. Unfortunately, I am unconvinced that Ms. Bondi shares my belief. She is one of four personal lawyers of President Trump that he has already selected for top positions at the Department of Justice. And she has echoed President Trump’s calls for exacting revenge on his political opponents.”
    “Ms. Bondi undermined our democracy by joining in President Trump’s efforts to overturn the 2020 election. It appears she does not regret this decision, as she refused before this Committee repeatedly during her hearing to acknowledge that President Trump actually lost the vote in 2020. During her hearing, I asked if she was familiar with the January 2021 phone call in which President Trump called on the Republican Georgia Secretary of State Brad Raffensperger [to] ‘find 11,780 votes.’ Ms. Bondi denied having ever listened to that phone call. However, in August 2023, she appeared on a news program and defended President Trump’s conduct with Raffensperger. She stated that his actions were ‘not a crime’ and were instead ‘free speech.’ She condemned the criminal charges that had been filed against President Trump due to his conduct on this call where he asked the Georgia Secretary of State to ‘find 11,780 votes.’ I asked Ms. Bondi to explain why she spoke so authoritatively on the legal strength of a case when she was, according to her own claim before this Committee, unfamiliar with the evidence. Her explanation was that she was on television, not in a court of law.”
    “It is deeply concerning that someone seeking the role of Attorney General believes it is appropriate to comment publicly on a criminal case without conducting even a minimal assessment of the evidence against the defendant. The role of Attorney General is a serious one. It requires someone who is committed to the facts and the law—not someone who is willing to say whatever is most politically expedient.”
    “During Ms. Bondi’s hearing, I was shocked to hear her speak of a ‘peaceful transition of power’ in 2021. In written questions, Ms. Bondi attempted to walk that statement back, instead referring to ‘a smooth transition of power.’ I was at the Capitol on January 6, 2021. The events of that day were neither peaceful nor smooth. You don’t have to take my word for it. The 140 law enforcement officers who were assaulted by President Trump’s supporters on January 6 can attest to what actually happened. Ms. Bondi also refused to comment on possible pardons for January 6 rioters who violently assaulted police officers. One of my Republican colleagues—a friend on this panel—dismissed my question on the subject and said it was ‘an absurd and unfair hypothetical,’ to even ask if President Trump was going to grant pardons to those who assaulted police officers. Now we know what happened.”
    “I went into Ms. Bondi’s hearing with an open mind for obvious reasons… There remains one basic question that I wanted answered—whether she would be willing to tell President Trump and wealthy special interests ‘No’ if faced with pressure to use her position as Attorney General to benefit those parties. In light of the Trump Administration’s actions over the course of the past week, that question is even more critical. And I did not receive a satisfactory answer from Ms. Bondi. Since Watergate, there has been bipartisan support for the idea that the Justice Department must be independent from the White House. President Trump’s conduct during his first term underscored the need for this independence. I do not believe that Ms. Bondi will provide it.”
    “I hope she proves me wrong, but I cannot support her nomination.”
      
    Video of Durbin’s opening statement is available here.
    Audio of Durbin’s opening statement is available here.
    Footage of Durbin’s opening statement is available here for TV Stations.
    Ms. Bondi was previously a registered lobbyist with the Washington, D.C.-based firm Ballard Partners. In that role, she has represented wealthy special interests and foreign governments, presenting serious potential conflicts of interest if she is confirmed as Attorney General. In response to Question 22 of the Senate Judiciary Questionnaire regarding conflicts of interest, she only listed two potential conflicts of interest: her work for the America First Policy Institute and her brother’s legal practice.
    To view Durbin’s questions to Ms. Bondi in her confirmation hearing click here.
    -30-

    MIL OSI USA News

  • MIL-OSI Global: Why Village People’s YMCA is actually a great fit for team Trump

    Source: The Conversation – UK – By William Rees, PhD Candidate in Modern American History, University of Exeter

    It was a bizarre sight watching a huge gay 1970s disco hit being performed at Donald Trump’s 2025 pre-inauguration rally. Many prominent artists from Beyoncé to Bruce Springsteen prohibit Trump from using their music. So why do Village People – a band synonymous with the 1970s gay liberation movement – allow their music to be associated with a political movement that has fixed and repressive ideas about sexual identity and morality?

    Village People’s recent incarnation has had a complicated relationship with the “make America great again” movement (Maga). In 2020, their song YMCA began featuring at Maga anti-lockdown rallies and soon became a prominent song in Trump’s re-election campaign.

    At the time, the band asked Trump not to use its music and later supported Kamala Harris for the presidency in 2024. Since then Village People have dramatically changed tack.

    To be clear, of the group that performed at Trump’s pre-inauguration rally, only one of the original Village People remains. The band, put together by the gay producers Jacques Morali and Henri Belolo in 1978, was named after New York’s Greenwich Village gay scene.


    Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.


    In the 1970s, the group was mostly gay-fronted except the first recruit, lead singer and co-songwriter Victor Willis (sometimes the policeman, sometimes the admiral figure). Willis took control of the name and the hits in 2017 after an out-of-court settlement with co-owner Henri Belolo.

    Willis is now the only member of the original line up still performing under the official band name. Perhaps to ensure mainstream popularity, he has tried to move Village People away from its gay associations – the biography on the band’s website makes no mention of the act’s significance to queer audiences. He recently wrote on Facebook that he will sue every news organisation that suggests “YMCA is somehow a gay anthem”.

    Victor Willis, the last remaining original member of Village People in a 1978 video for Just A Gigolo.

    But it’s difficult to untangle Village People from queer history as it was the trendsetting gay community of underground disco culture that made them famous. Record companies selected the songs and artists to promote based on how DJs reported their popularity in the hottest clubs. Many of these clubs were gay dominated, and disco itself was tied up with the growing confidence of the gay liberation movement in America and the era of sexual liberalisation that followed the 1960s.

    Jacques Morali put together Village People knowing the band could offer influential gay clubbers something they had always been denied: cultural representation, and with it, acknowledgement of their existence.

    It worked. One self-proclaimed “disco doll” writing to LGBTQ+ newspaper The Advocate in 1978 recalled first hearing Village People: “The music was very hot … and the words were about us, about our scene. I couldn’t believe it.”

    Village People’s innuendos and knowing references to gay culture often went over the heads of many straight listeners. Songs like Macho Man and the group’s hypermasculine image epitomised the “clone” movement in 1970s gay culture.

    Queer men, long derided for being effeminate, would bulk up at the gym and dress in leathers like bikers, effectively becoming more of an embodiment of masculinity than straight men. Go West was a reference to San Francisco’s more liberal environment for gay men. The YMCA was a place to “hang out with all the boys”.

    But skyrocketing into the mainstream made Village People an awkward fit for gay disco culture. This vibrant community wanted their own scene that was not part of the mainstream. They felt betrayed by a band publicly denying their gayness as they juggled the hardcore homosexual audience that had made them famous alongside a family-friendly audience.

    The backlash was fierce. A 1978 letter to gay lib magazine The Body Politic declared: “The commercial exploiters are disguising it to gain the commercially lucrative straight audience”, describing Village People as “traitors of the worst kind”.

    But even if they became momentarily unpopular in the hottest gay clubs, for many LGBTQ+ people, Village People’s hits have endured as anthems played at queer nights and Pride events. In their sound, appearance and sheer 1970-ness, they are undeniably camp icons.

    Which of course leads many to question why people attending Trump’s rallies – hardly famous for their inclusivity – would embrace their music. One explanation is that Maga audiences simply do not care about past gay associations as the music is simple, catchy and positive.

    Another is that just like the 1970s, the queer messaging of Village People’s music still goes over the heads of straight Maga audiences. Perhaps despite its past gay associations, they are consciously trying to culturally repurpose disco for their own movement. Or they’re trying to be ironic.

    Most likely, though, the music might have a particular meaning to LGBTQ+ audiences, it has other meanings depending on the context in which it is played. To many, Village People are the epitome of a novelty, apolitical pop group. Their hits are associated with weddings, children’s parties and good-time disco. The prosaic truth may be that Trump fans just enjoy a really catchy tune.

    But for Trump’s team, the use of these songs is politically calculated toward their core supporters who have changed the lyrics of YMCA to “MAGA”. And don’t forget Village People were joined at the pre-inauguration rally by WWE wrestling’s Hulk Hogan. Both are nostalgic late 20th-century acts that revel in blatant performances of muscled masculinity.

    They seem to be the embodiment of that imagined past of American virility that Trump vaguely refers to when he promises to make the nation “great again”. It’s not difficult to work out what Trump’s message is, especially when he dances along to Macho Man at rallies.

    Both these acts are carnivalesque, like Trump himself. They indicate an era of politics as spectacle, but beneath the surface messages, we must carefully pay attention to what is actually being said and done.

    William Rees 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. Why Village People’s YMCA is actually a great fit for team Trump – https://theconversation.com/why-village-peoples-ymca-is-actually-a-great-fit-for-team-trump-248457

    MIL OSI – Global Reports

  • MIL-OSI Europe: Commission launches plan to boost sustainable competitiveness

    Source: European Union 2

    A new framework to rekindle economic productivity and secure the EU’s competitive edge has been presented by the European Commission. The Competitiveness Compass builds on the recommendations set out in Mario Draghi’s report on the future of European competitiveness. It will steer the EU’s work on competitiveness over the next five years and translate the report’s recommendations into concrete actions for the EU’s future prosperity.  

    The EU enjoys a strong system of rights and values, a Single Market, top-notch infrastructure and a skilled workforce, but the Compass recognises that more must be done to ensure Europe keeps pace with other major economies in a challenging and increasingly competitive world. While all the time looking to secure the EU’s climate neutrality, it sets a path for Europe to become the place where future technologies and clean products are invented, manufactured, and put on the market. 

    The Compass identifies 3 core areas of action: 

    • Innovation – The EU must close the innovation gap by creating an environment where innovative start-ups, effective industrial leadership and the diffusion of technologies across businesses thrive. Concrete initiatives from the Commission include ‘Apply AI’ and ‘AI Gigafactories’ to drive industrial adoption of AI; action plans for advanced materials, quantum, biotech, robotics and space technologies; and an EU Start-up and Scale-up Strategy that will address the obstacles that are preventing new companies from emerging and scaling up. 
    • Decarbonisation and competitiveness – The EU will help bring down high and volatile energy prices through an Affordable Energy Action Plan. It will set out a competitiveness-driven approach to decarbonisation through its upcoming Clean Industrial Deal, while an Industrial Decarbonisation Accelerator Act will extend accelerated permitting to sectors in transition. It will also launch action plans for energy intensive sectors, such as steel, metals, and chemicals. 
    • Security and resilience – The EU will reduce dependencies and increase its resilience and security by continuing to build effective trade partnerships with economies around the world. Through a new range of Clean Trade and Investment Partnerships it will help secure a supply of raw materials, clean energy, sustainable transport fuels, and clean tech from across the world. It will also review public procurement rules to introduce a European preference in public procurement for critical sectors and technologies 

    Underpinning these actions will be five cross-cutting activities: 

    • Simplification by drastically reducing the regulatory and administrative burden on firms 
    • Lowering barriers to the Single Market through its Horizon Single Market Strategy 
    • Financing competitiveness by establishing a European Savings and Investment Union 
    • Promoting skills and quality jobs through a Union of Skills  
    • Better coordination of policies at EU and national level by introducing a Competitiveness Coordination Tool 

    The Competitiveness Compass is the first major initiative of the Commission in the 2024-2029 mandate. 

    For more information 

    Strengthening European competitiveness 

    Draghi report 

    Communication – A Competitiveness Compass for the EU 

    A factsheet on the Competitiveness Compass 

    Press release: An EU Compass to regain competitiveness and secure sustainable prosperity 

    MIL OSI Europe News

  • MIL-OSI Security: E-scooter shooter convicted of shooting gang rival

    Source: United Kingdom London Metropolitan Police

    Two men have been jailed following a violent shooting in Southwark.

    Kemar Edwards, 25 (14.10.1999), of Manthorp Road, Plumstead, and Amari Bailey, 23 (16.04.2001), of Hastings Close, Peckham were sentenced at the Old Bailey on Wednesday, 29 January after being found guilty of Section 18 grievous bodily harm with intent.

    Edwards was also found guilty of possession of a firearm with intent to endanger life and possession of a firearm when prohibited,

    Edwards received a sentence of 18 years’ imprisonment and three years’ extended licence. Bailey was sentenced to 12 years’ imprisonment and three years’ extended licence.

    On Saturday, 24 June 2023, a man was shot at three times in Bradenham Close, Walworth while sitting in a vehicle by Edwards, who was riding an e-scooter. This caused serious injuries to his arm and knee.

    The court heard that Bailey spotted the victim, aged 24 at the time of the incident, who was alleged to be a ‘rival gang member’, and pursued him on a stolen moped for 20 minutes.

    Bailey contacted Edwards and told him where to find the victim. Edwards then rode an e-scooter to the victim’s location in Bradenham Close, Walworth and shot at him three times using a hand gun.

    The gun was never recovered.

    Following an extensive investigation, and meticulous CCTV enquiries, the two suspects were identified as Edwards and Bailey.

    Edwards and Bailey were wearing a balaclava and motorbike helmet respectively during their offending, making it more difficult for detectives to identify and prosecute them.

    Detective Constable John Davis, of the Trident South Specialist Crime Command team, said:

    “We would like to thank members of the public who informed police on hearing the shooting, their evidence assisted in proving that Edwards fired the shots in a CCTV blind spot.

    “Edwards and Bailey are extremely dangerous individuals, who had the arrogance to brazenly carry out a targeted shooting in the street in broad daylight on a summer’s afternoon.

    “This posed a significant risk to the wider public. They are now safely behind bars for a substantial amount of time for their offending.

    “Trident will investigate all shootings to identify those responsible and bring them to justice.”

    A warrant was executed at an address in Greenwich on Friday, 15 December 2023, where Edwards was arrested and later charged.

    Bailey was interviewed on Monday, 5 February 2024, and later charged.

    MIL Security OSI

  • MIL-OSI Economics: Major League Soccer returns to MLS Season Pass on Apple TV

    Source: Apple

    Headline: Major League Soccer returns to MLS Season Pass on Apple TV

    January 29, 2025

    UPDATE

    Major League Soccer returns to MLS Season Pass on Apple TV for historic 30th season

    Beginning today, fans in over 100 countries and regions can subscribe for access to every MLS game with no blackouts

    The regular season kicks off February 22-23

    Major League Soccer returns to Apple TV next month, and starting today, fans in more than 100 countries and regions can sign up for MLS Season Pass to catch all the action throughout the 30th anniversary season. Subscribers can access every MLS game with no blackouts, along with in-depth coverage and analysis, expansive programming, exclusive content, and more — including the annual Leagues Cup tournament, MLS All-Star Game, Audi MLS Cup Playoffs games, and select MLS NEXT Pro matches.

    The 2025 season begins Saturday, February 22, and kicks off the third year of an unprecedented 10-year partnership between Apple and Major League Soccer. The upcoming season also marks the arrival of the 30th MLS team, San Diego FC.

    “MLS Season Pass delivers fans exactly what they want, connecting them with the game they love across all of their devices, with no blackouts,” said Eddy Cue, Apple’s senior vice president of Services. “Heading into our third year with MLS, we’re excited to continue elevating the fan experience and can’t wait for the season to begin.”

    “Our partnership with Apple has redefined how fans experience Major League Soccer, bringing the league to more people around the world than ever before,” said Don Garber, MLS’s commissioner. “With the addition of Sunday Night Soccer, a new studio, and the debut of Onside: Major League Soccer on Apple TV+, 2025 will be our best season yet. We couldn’t be more excited about the future of our partnership with Apple.”

    Preseason Action on MLS Season Pass

    To celebrate the start of the 2025 season, MLS Season Pass will broadcast select preseason matches, including when LAFC faces reigning Liga MX Apertura 2024 champion Club América on February 11 at 10:30 p.m. ET, and Inter Miami’s final preseason friendly against Orlando City SC on February 14 at 7:30 p.m. ET. These matches will also be available to stream free for Apple TV+ subscribers.

    MLS is Back: 2025 Opening Weekend

    On February 22 and February 23, all 30 clubs will take the pitch for MLS is Back weekend. MLS MVP Lionel Messi and Inter Miami CF host New York City FC in the first match of the season at 2:30 p.m. ET. The complete regular-season schedule can be found at mlssoccer.com.

    Introducing Sunday Night Soccer

    New for 2025, MLS Season Pass will broadcast a featured game of the week on Sunday evenings under the banner Sunday Night Soccer, with enhanced production and dedicated studio programming. These primetime games will air throughout the regular season and spotlight the league’s most compelling matchups. Sunday Night Soccer will include dedicated pre- and postgame shows, enhanced production and studio programming, and bespoke graphics in English and Spanish. All Sunday Night Soccer matches will also be available to stream free for Apple TV+ subscribers.

    Sunday Night Soccer matches will feature broadcast talent on camera, with leading MLS Season Pass broadcasters Jake Zivin, Taylor Twellman, and Andrew Wiebe on the call for English broadcasts, and Sammy Sadovnik and Diego Valeri in Spanish. MLS Wrap Up and MLS El Resumen will move to Sunday evenings following the final Sunday match to highlight and recap the full week of matches, giving fans a more comprehensive view of all the week’s action, with first-rate commentary and analysis, along with can’t-miss highlights.

    The inaugural Sunday Night Soccer matchup will showcase the league’s newest franchise, San Diego FC, as it makes its debut against reigning MLS Cup champions LA Galaxy on February 23 at 7 p.m. ET. To add to the excitement, the match will also broadcast live in Times Square.

    T-Mobile Customers Get MLS Season Pass Free

    T-Mobile is giving qualified T-Mobile and Metro by T-Mobile customers — including businesses — a promotional offer for complimentary access to MLS Season Pass all season long with no blackout dates. T-Mobile customers can redeem for a limited time via T-Mobile Tuesdays in the T-Life app, starting February 18.

    MLS Season Pass on Comcast

    Apple is partnering with Comcast to offer Xfinity customers an integrated viewing experience for MLS Season Pass, bringing all live matches directly into the Xfinity user interface so customers can easily find and watch all the action alongside other live programming. As part of the partnership, customers will be able to sign up for MLS Season Pass directly through Xfinity, and every live match will be seamlessly incorporated throughout the viewing experience, including within the channel guide on X1 and the Xfinity Stream app, and the Apple TV app.

    Comcast and Apple are also unlocking free access to MLS 360 for all Xfinity customers throughout the season, the first time the popular whip-around studio show — which provides live looks-ins from every match — has been available without an MLS Season Pass subscription. And to celebrate the start of the 2025 season and the launch of the new viewing experience, Xfinity will offer all customers a free preview of MLS Season Pass from February 22 to March 2, after which they’ll be able to subscribe to MLS Season Pass through Xfinity.

    MLS Season Pass on DIRECTV

    New for the 2025 season, DIRECTV residential customers can subscribe to MLS Season Pass through DIRECTV. Matches will be available to watch live in the DIRECTV satellite guide on channels 480 through 495, similar to the viewing experience for other league packages. Customers who subscribe through DIRECTV will also be able to access MLS Season Pass through the Apple TV app.

    DIRECTV is making a free preview of MLS Season Pass available to all DIRECTV residential and commercial satellite customers from February 22 to March 1, after which those customers will be able to upgrade to MLS Season Pass through DIRECTV channels. This offering expands upon DIRECTV’s exclusive rights to provide MLS Season Pass to commercial establishments, which has been available to DIRECTV for BUSINESS’s vast network of more than 300,000 sports bars, restaurants, and more since the 2023 season.

    More Ways to Celebrate the 30th MLS Season

    • On February 21, Apple TV+ will premiere the highly anticipated eight-part panoramic documentary event Onside: Major League Soccer. Produced for Apple by the dynamic sports storytellers Box to Box Films, in partnership with Major League Soccer, the docuseries provides unprecedented access to players, coaches, and clubs, and explores the electrifying moments and captivating stories that made the 2024 season unforgettable. The first episode of Onside: Major League Soccer will be available for free to all MLS Season Pass subscribers from February 21 to March 3. Watch the official trailer.
    • The free Apple Sports app for iPhone is the best way for fans to stay up to date on scores, stats, standings, and their favorite clubs throughout the MLS season.1 Users can easily navigate between scores and upcoming games; explore play-by-play information, team stats, lineup details, and live betting odds; and tap to watch matches on MLS Season Pass in the Apple TV app.2 Apple Sports also seamlessly syncs with favorites selected within the My Sports experience, including in the Apple TV app and Apple News. With iOS 18 and watchOS 11, the Apple Sports app now offers Live Activities for all MLS matches, delivering live scores and play-by-play info at a quick glance to a user’s iPhone and Apple Watch Lock Screens.3
    • On Apple Music, fans can enjoy exclusive club- and player-curated playlists, with more music content coming throughout the season at apple.co/AM-MLS.
    • Apple Maps users can explore dedicated Matchday Guides created by MLS clubs and city guides created by players to find recommendations for local bars and restaurants to catch a game, explore city favorites, find detailed information about their stadiums, and more.
    • On Apple News, users can easily follow MLS and their favorite teams in the Sports tab and access scores, schedules, standings, and top stories from hundreds of top publishers.
    • On Apple Podcasts, users can access an MLS hub with curated podcast episodes and collections covering MLS, its clubs and players, and soccer in North America.
    • Select Apple Store locations across the U.S., Canada, and Mexico will stream live MLS matches during MLS is Back weekend.

    Subscribing to MLS Season Pass

    MLS Season Pass is available through the Apple TV app on Apple devices, smart TVs, streaming devices, set-top boxes, and game consoles, as well as on the web at tv.apple.com. Fans can also access MLS Season Pass from the Apple TV app on Apple Vision Pro, where they can watch games alongside other apps in their physical space; within an Environment, so the screen feels 100 feet wide; and in Spatial Audio for an even more immersive viewing experience.

    Fans can sign up for MLS Season Pass for $14.99 per month during the season, or $99 for the full season, and Apple TV+ subscribers can sign up at a special price of $12.99 per month, or $79 per season. A subscription to MLS Season Pass for this season will be included with each full-season MLS club ticket account. Through Family Sharing, up to six family members can share the subscription using their own Apple ID and password. For more information, and to subscribe to MLS Season Pass, visit apple.co/_MLS_.

    1. Available in the U.S., the U.K., and Canada.
    2. A subscription is required.
    3. Live Activities require iOS 18 and watchOS 11 or later.

    Press Contacts

    Sam Citron

    Apple

    citron@apple.com

    Apple Media Helpline

    media.help@apple.com

    MIL OSI Economics

  • MIL-OSI: Mark Cuban Foundation Partners with The National Museum of Nuclear Science & History to Bring AI Education to Albuquerque Area Teens

    Source: GlobeNewswire (MIL-OSI)

    ALBUQUERQUE, N.M., Jan. 29, 2025 (GLOBE NEWSWIRE) — The Mark Cuban Foundation is proud to announce a pioneering museum pilot program in partnership with The National Museum of Nuclear Science & History. The program will bring the highly acclaimed Artificial Intelligence (AI) Bootcamp to Albuquerque area high school students. This collaboration emphasizes the Foundation’s mission to reach students in underserved and previously unconnected regions, providing them with opportunities to engage with innovative technology.

    The program aims to provide students with a foundational understanding of artificial intelligence and its applications to future careers. Students can select from six tracks: healthcare, arts and entertainment, business and entrepreneurship, computer science, sports science, or education and career readiness. Driven by the belief that fostering interest in AI at a young age is crucial for preparing the next generation for their future, the AI Bootcamps are introductory and accessible to students in 9-12 grade with an interest in technology. Students do not need any familiarity with computer science or programming to attend.

    This free AI Bootcamp is hosted for underserved high school students with a transparent focus on recruiting girls, students of color, first generation college students, and those from low to moderate income households. The AI Bootcamp Program provides students with lunch and a snack, transportation assistance, and technology equipment during bootcamp.

    “As AI continues to become an undeniable force in all of our lives, it’s crucial that we open the door to this knowledge, especially to young people who want to explore it,” said Mark Cuban, founder. “While technology expands and becomes more advanced, it becomes more critical that we ensure our students are prepared when they apply for schools or jobs in the future. Thanks to our work with The National Museum of Nuclear Science & History, the bootcamp will offer an avenue to explore this fascinating field of technology to any student, no matter their means.”

    This year’s bootcamp, taking place in Albuquerque March 17-19, is hosted and staffed by The National Museum of Nuclear Science & History, the only congressionally chartered museum dedicated to the history and science of nuclear technology.

    “We are thrilled to partner with the Mark Cuban Foundation to bring this innovative AI Bootcamp to Albuquerque high school students,” said Gabriel Nemiroff, Director of Education at The National Museum of Nuclear Science & History. “This program is a fantastic opportunity for students to explore the exciting world of artificial intelligence and its potential applications in their future careers. We believe that AI has the power to revolutionize many industries, and we want to ensure that all students have the chance to learn about this important technology.”

    Apply for the bootcamp at: markcubanai.org.

    Watch Mark Cuban’s message about Mark Cuban Foundation’s AI bootcamps and access the full media kit here.

    To learn more, visit markcubanai.org.

    This bootcamp is facilitated with support from Mark Cuban Foundation AI Bootcamp
    Program’s media partner, Notified, a globally trusted technology partner for investor relations, public relations and marketing professionals.

    About Mark Cuban Foundation’s AI Bootcamp Initiative
    The Mark Cuban Foundation is a 501(c)(3) private non-profit led by entrepreneur and investor Mark Cuban. The AI Bootcamps Program at MCF seeks to inspire young people with emerging technology so that they can create more equitable futures for themselves and their communities. Over 3 consecutive Saturdays underserved 9th – 12th grade students learn what AI is and isn’t, where they already interact with AI in their own lives, the ethical implications of AI systems, and much more. Learn more about the no-cost AI Bootcamp program at markcubanai.org.

    About The National Museum of Nuclear Science & History

    The National Museum of Nuclear Science & History was established in 1969 as an intriguing place to learn the story of the Atomic Age, from early research of nuclear development through today’s peaceful uses of nuclear technology. Visitors can explore how nuclear science continues to influence our world. Through permanent and changing exhibits and displays, the museum strives to present the diverse applications of nuclear science in the past, present, and future, along with the stories of the field’s pioneers. The National Museum of Nuclear Science & History is a Smithsonian Affiliate and is accredited through the American Alliance of Museums.

    The MIL Network

  • MIL-OSI United Kingdom: Musical icon Joe Strummer celebrated with Legacy Stone unveiling in North Paddington | Westminster City Council

    Source: City of Westminster

    Musician and former lead singer of The Clash, Joe Strummer, has been honoured with a legacy stone to mark his musical career near to where he once lived in North Paddington.

    The musician and his band’s music were an ever-present feature on the music scene in the late 70s and early 80s with The Clash alongside The Sex Pistols, the Jam and the Specials, producing the soundtrack of the era.

    The legacy stone was installed as part of Westminster City Council’s project to revitalise the market and Market Hill Area which had been funded by the GLA. The wider North Paddington Programme and redevelopment has been funded by the council in close collaboration with residents, local businesses and organisations.

    The plaque is situated in the newly refurbished Maida Hill Market on the corner of Walterton Road, the location where Joe Strummer squatted during the 1970s and his address of 101 Walterton Road inspired the name for the band the 101ers.

    The stone is inscribed with lyrics sung by Strummer in the song Clampdown from The Clash’s 1979 album London Calling.  It reads: “the future is unwritten”, “No man born with a living soul can be working for the clampdown”. A nod to the band’s rebellious political awareness and passion for raising social issues and injustices of the time.

    At the stone unveiling, Cllr Ryan Jude Westminster City Council’s Cabinet Member for Culture, Climate Action and Ecology said:

    As a city we there is history on every street corner. Music is an intrinsic part of the Westminster’s DNA and it’s wonderful to celebrate Joe Strummer’s musical journey which began in Maida Hill and North Paddington.

    We’re so proud to have played a part in unveiling this legacy stone to celebrate the music and work of Joe Strummer. I hope in doing so this inspires the next generation of young residents to show you can have a career in the arts and turn their passion into a profession.”  

    Dylan White, music promoter and fan of The Clash said:

    It’s important to remember how an artist starts their career as often this is forgotten and just the success is remembered. In this case in the Joe, the 101’ers evolved from their squat at 101 Walterton Road and were a big part of the local area at that time playing in most of the nearby pubs.”

    The Clash and punk were a long way in the future at this point, so we need to remember and celebrate his time in this part of London as he cut his teeth and learnt his stage craft.”

    The Joe Strummer Fund is a joint undertaking between the Joe Strummer Estate and Single Homeless Project to support artists and creatives who have experienced of homelessness in creating new and original music and media.

    Portobello Radio were instrumental in organising the event and provided musical entertainment throughout the day.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: AI world premiere helps to bang drum on air quality

    Source: City of Liverpool

    Liverpool has turned its famous musical talent to AI for a world premiere influenced by….air pollution!

    Liverpool City Council, the University of Liverpool and The Royal Liverpool Philharmonic Orchestra have combined to create a piece of AI-written music to promote clean air policies in cities.

    Dr Jonny Higham from the University of Liverpool, in partnership with Liverpool City Council, has led the development of one of the UK’s largest city-wide air quality monitoring networks.

    This pioneering work has generated a unique dataset, transformed into a musical composition using cutting-edge AI technology.

    In a celebration of innovation and creativity, the Liverpool Philharmonic String Quartet has brought this data to life in an incredible performance, merging science and art in a truly unique way.

    The strong collaborations developed were showcased for Clean Air Night in a live performance of the piece by students from the University of Liverpool’s Music Department at the waterfront, where the buildings were lit up in blue to mark the occasion.

    Across the city region, air quality varies significantly throughout the year, with multiple breaches of the stringent 5 µg/m³ daily average recommended by the WHO, as is common in large urban areas. The musical composition is crafted to reflect this.

    The instruments come together harmoniously in some sections and transition to atonality to symbolise periods of increased pollution. The piece contains 365 notes, each representing a single day of 2024, capturing the region’s air quality journey over the year.

    The strong collaboration across the city was showcased in the Clean Air Night celebration, creating a powerful conversation piece that highlights Liverpool’s united efforts to lead the way in air quality research.

    The City of Liverpool is positioning itself as a leader in urban environmental action. 

    Liverpool City Council is committed to creating a cleaner, healthier, more sustainable city through a range of initiatives.

    This includes implementing 65 School Streets to reduce traffic near schools, supported by camera enforcement, and transitioning the Council’s vehicle fleet from diesel to electric, boosting both air quality and progress toward net-zero emissions.

    A comprehensive Clean Air Plan is also underway, outlining clear actions to reduce roadside nitrogen dioxide levels.

    Furthermore, the Council’s Active Travel Plan will enhance walking and cycling infrastructure across the city, with new routes, improved wayfinding, and additional bike parking, ensuring residents benefit from safer and more sustainable travel options.

    And residents across Liverpool will benefit from the Council’s Active Travel plan, which will support the introduction of more walking and cycling routes, wayfinding and an increase of parking for bikes.

    The full video of the performance can be watched here.

    Councillor Liam Robinson, Leader of Liverpool City Council, said: “The creation of music from air quality data is a really creative way of highlighting where we are in our plans to improve air quality throughout Liverpool.

    “The impact on residents’ health, particularly children, is important to remember. That’s why I’m proud of the work we are already doing as a council to reduce the pollutants in our atmosphere. These are projects that will benefit everyone in the city and ensure we have a city that is healthy and thriving.”

    Prof Ian Sinha, Consultant Respiratory Paediatrician at Alder Hey Hospital, said: “Air quality is the factor which affects children the most. In fact, the poorest children the hardest hit. So they will suffer the effects of the pollution that they breathe in as children – potentially for the rest of their life.”

    Dr Jonny Higham, from the University of Liverpool, said: “For the last five or six years I’ve been working to build an air quality network in collaboration with Liverpool City Council and Alder Hey Children’s Hospital.

    “Across the whole of the city so we’ve now got 55 air quality sensors and we analyse the air quality across the whole of the city.

    “Clean Air Night is to get us thinking a little bit about what we can do to reduce our pollution. Music that we’ve created from our data by converting it using artificial intelligence has been performed live and also we’ve had the Philharmonic string quartet perform it too.

    “It’s been brilliant project helping to communicate the importance of air quality.”

    MIL OSI United Kingdom

  • MIL-OSI Global: How 19th-century melodrama turned the sweet music of gothic into something dark and sinister

    Source: The Conversation – UK – By Emma McEvoy, Senior Lecturer in English Literature, University of Westminster

    In 1764, Horace Walpole published the first gothic novel, The Castle of Otranto, set in a labyrinthine castle surrounded by woods. The novel features the supernatural, with a dark secret from the past at its core. Today, 260 years later, gothic is still with us in the form of “contemporary gothic” plays, fiction, films, music and computer games.

    Central to the popularity of gothic is the way it affects its audiences. It is supposed to unsettle, to make the flesh creep and provoke feelings of claustrophobia. Soundtracks for gothic films are integral to creating such effects, building suspense and unease while amplifying the visceral impact of sudden jump scares.

    Alejandro Amenábar’s soundtrack for The Others (2001), for example, weirds its listeners out. The hollow but reverberant timbre of brushed piano strings evokes the spaces of the house, conjuring up the old-fashioned alienness of the place. Action, set and music sympathetically resonate.


    Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.


    The soundtrack for The Substance (2024) shrieks with the strings and sudden dissonances of The Nightmare and Dawn (taken from Bernard Herrmann’s score for Hitchcock’s 1958 masterpiece, Vertigo). Then, it deepens the sense of disquiet with the sinister incantations and medieval-sounding harmonies of Swedish composer Anna von Hausswolff‘s Ugly and Vengeful.

    Both soundtracks impressively succeed in doing what we expect gothic music to do: provoke unease, create suspense and drive home the horror elements.

    But has the music of the gothic always been called upon to unsettle and scare? Has it always sounded so, well, gothic? These are questions I explore in my new book The Music of the Gothic 1789–1820.

    Over the last few years, I’ve been rummaging through archives in London, Oxford and Dublin searching for settings of songs from novels and music associated with gothic plays such as The Mysteries of the Castle (1795). I uncovered many treasures, some of which probably haven’t been performed for a couple of centuries.

    Thanks to a grant from the British Academy and the Leverhulme Trust, I was able to bring some of this music to audiences once more with the help of a group of wonderful musicians, headed by Seb Gillot, who performed the tracks you can hear in this article. You can see them performing live below.

    The gothic novels and plays of the 1790s were populated by sweet-singing heroines and heroes. Among the music I encountered was a song by the composer and singer Harriet Abrams (c. 1758-1821), in which a woman imprisoned in a madhouse sweetly pleads with her cold-hearted jailer.

    I also found music for gothic plays by the Northumbrian William Shield (1748-1829) and the Irish tenor Michael Kelly (1762-1826), who wrote songs about jolly mariners , comic poachers_ and young peasant girls on their way back from market.

    None of this material sounded remotely what we would now describe as gothic. Even the music accompanying the entrance of a blood-covered ghost in The Castle Spectre (1798) was warm and stately – and singularly unterrifying.

    I realised that none of the music from the 1790s – a period when gothic was phenomenally popular – was intended to scare. On the contrary, it was called upon to provide relief from the scare. In late 18th-century gothic plays such as The Italian Monk (1797), music was associated with romance, comedy and sublime religious experience, but not horror or terror.

    At what point then did the kind of gothic music we know today come into being? The evidence can be found in books such as Remick Folio of Moving Picture Music (1914) which contains music for silent film accompanists. With names like Mysterioso, or Forboding and Wind Storm, or Hurry, they were evidently designed for scenes of suspense and mystery.

    Such music is indebted to the music of Victorian melodrama, but what I wanted to know was when melodrama acquired its distinctive gothic sounds.

    Digging into the past of gothic

    Very often in research you discover that things happen gradually. There is trial and experiment, a series of influences, a slow accumulation of examples, and then a tipping point. But when it comes to gothic music, that is not the case. There is a definite date when a specific kind of music erupted onto the entertainment scene. The date was 1802, and the occasion a new dramatic production – a “melo-drame” or musical drama called A Tale of Mystery with music by Thomas Busby.

    Busby’s music was conceptualised very differently to the music of the 1790s. For a start it was intended to add to, not to provide relief from, the gothic elements of the play.

    Most crucially, it was not part of the imagined world of the drama. The fictional characters did not sing it – they did not even “hear” it: Busby’s music was directed at the audience. Instrumental music calculated to disturb, it was chaotic and unnerving, with lots of fast, disjointed short phrases, disturbing chords and cliffhanger endings.

    Instantly recognised as new and revolutionary, it caused a sensation. After audiences had a taste of the new gothic in A Tale of Mystery, music on the page and on the stage soon became something darker and more troubling.

    The older kind of music didn’t disappear overnight, of course, but melodrama took hold and the music of gothic was transformed. Not just on stage but also on the page. Gothic music was no longer uplifting but sinister.

    As seen in The Woman in Black (2012), there’s nothing like a music box in a deserted house to terrify audiences. And who doesn’t thrill to the sound of the diabolically thundering organ in Andrew Lloyd Webber’s Phantom of the Opera?

    Emma McEvoy received a research grant from the British Academy and Leverhulme Trust for the project “The Music of Gothic Literature and Theatre 1790-1820”.

    ref. How 19th-century melodrama turned the sweet music of gothic into something dark and sinister – https://theconversation.com/how-19th-century-melodrama-turned-the-sweet-music-of-gothic-into-something-dark-and-sinister-246797

    MIL OSI – Global Reports

  • MIL-OSI: Dash Social Launches Creator Management Platform

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Jan. 29, 2025 (GLOBE NEWSWIRE) — Dash Social proudly announces the launch of its Creator Management platform, designed to empower marketing teams with reliable, verified data and streamlined workflows for managing influencer and social media campaigns.

    This milestone marks the next step in Dash Social’s mission to power the future of social entertainment. As the creator economy surpasses $100 billion globally, brands are increasingly looking to creators as essential partners in driving meaningful connections with their audiences. To fully capitalize on this shift, brands need verified data to accurately measure creator impact, and an integrated approach to seamlessly manage paid, earned and owned campaigns.

    Dash Social’s Creator Management platform meets this demand by combining reliable, API-backed data with unified reporting across every key area of social strategy. This comprehensive solution empowers brands to track performance, optimize budgets and gain a complete, actionable view of campaigns.

    “Our Creator Management platform is a game-changer for the influencer marketing industry,” said Thomas Rankin, CEO of Dash Social. “We have combined data integrity with powerful tools that allow teams to work smarter and with confidence. This isn’t just about replacing existing influencer software solutions — it’s about providing marketers with verified insights that enable them to make intelligent budget allocations, while connecting with audiences in a meaningful and measurable way.”

    Dash Social’s Creator Management platform delivers:

    • Reliable, Verified Data: Access API-backed data for accurate and trustworthy insights, eliminating guesswork and ensuring high-quality decision-making.
    • Scalable High-Performing Influencer Campaigns: Evaluate creator impact with metrics like Earned Media Value (EMV) to demonstrate measurable ROI for your campaigns.
    • Time Back: Simplify workflows and campaign measurement, saving hours while discovering the right influencers for your brand.
    • Influencer Management: Manage paid, owned, and earned media in a single platform, ensuring seamless alignment across teams and campaigns.

    Dash Social has built its reputation on anticipating industry shifts and delivering solutions that meet the evolving needs of marketers. With the launch of its Creator Management platform, the company strengthens its position as a leader in social entertainment.

    “This platform represents the culmination of our expertise and commitment to empowering brands to lead with confidence,” added Rankin. “In a world where creators are reshaping the digital economy, we’re providing the tools to turn opportunities into measurable success.”

    Dash Social’s Creator Management platform is now available. For more information, visit www.dashsocial.com.

    For all PR and media inquiries or to speak with a representative regarding this press release, please contact pr@dashsocial.com.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/906ee27d-1270-4674-822f-70796360d984

    The MIL Network

  • MIL-OSI: Baltic Horizon Fund announces plans to divest assets in the amount of approximately EUR 55 million as part of its strategic effort to bring down LTV

    Source: GlobeNewswire (MIL-OSI)

    Having recently received expressions of interest from several investors, the management team has engaged local advisors Newsec Advisers UAB and Redgate Capital AS to assist Baltic Horizon Fund (the Fund) in a structured divestment process.

    In February of 2024, Baltic Horizon Fund‘s management team introduced its strategic objectives to stabilize the Fund and build a solid foundation for the future. The past year, the focus has been on signing new leases in order to increase the net operating income and managing the cash position of the Fund.

    Building on the progress that has been made to repay the outstanding bonds and increase the occupancy of the portfolio, the management team sees recovery in the transaction market and has therefore initiated a structured process with the intention to dispose certain of its real estate assets, where the Fund does not see significant short-term opportunities for further value optimization.

    The ambition is to sell up to three assets, in the approximate amount of EUR 55 million including Postimaja and CC Plaza complex in Tallinn, Estonia. The management team has achieved 100% occupancy and prepared the complex for the next life cycle. The site holds potential for further real estate development, which, however, is not the core focus of the Fund going forward.

    The intended disposals are expected to result in a significant reduction in the LTV, considerable improvement of the DSCR and, if executed as planned, repayment of the outstanding bond, bringing the Fund’s LTV below the strategic target of 50%.

    “The intended divestment process is part of the strategic direction for Baltic Horizon Fund, it is expected to markedly improve the net cash flow generation of the Fund and provide a stable platform for the future growth,” says Fund Manager Tarmo Karotam.

    The goal is to enter into agreement with potential buyers during the first half of 2025. There is no certainty that any transaction will transpire. Further announcements will be made as and when appropriate.

    For additional information, please contact:

    Tarmo Karotam
    Baltic Horizon Fund manager
    E-mail tarmo.karotam@nh-cap.com
    www.baltichorizon.com

    The Fund is a registered contractual public closed-end real estate fund that is managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS. 

    Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com

    To receive Nasdaq announcements and news from Baltic Horizon Fund about its projects, plans and more, register on www.baltichorizon.com. You can also follow Baltic Horizon Fund on www.baltichorizon.com and on LinkedIn, FacebookX and YouTube.

    The MIL Network

  • MIL-OSI Asia-Pac: Parade kicks off LNY festivities

    Source: Hong Kong Information Services

    Chief Executive John Lee

    Hello, Hong Kong! Hello, friends from different parts of the world!

    Welcome to the annual Hong Kong International Chinese New Year Night Parade, on this, the first fabulous day of the Chinese New Year – the Year of the Snake.

    There is no better way, anywhere on earth, to welcome in the New Year than by following – and revelling in – Hong Kong’s magnificent Chinese New Year Night Parade.

    This year’s celebration is led by 55 performing groups and floats from 14 countries and regions. Here in the world city of Hong Kong, to dance, sing and perform, skip, juggle, cheerlead and otherwise amaze and delight you, on this most auspicious of days.

    And the Night Parade is just the start of our New Year’s festivities. Tomorrow night, a 23-minute fireworks display will light up our world-renowned Victoria Harbour. Our sky will be filled with auspicious symbols, as well as adorable pandas – showcasing Hong Kong’s giant panda family, now counting six and readying for their first full public appearance at the same time in mid-February.

    And, alongside the horses at Chinese New Year Raceday, in Sha Tin on January 31, you will want to catch the lions – and lion dancers – on show, part of a fun-filled day at the track.

    The Night Parade floats you see tonight, together with some of our performers, will find their way to Lam Tsuen, from tomorrow night, for the Hong Kong Well-wishing Festival. This year, the floats are on display there until February 13.

    Only in Hong Kong, the world’s East-meets-West centre for cultural exchange – and day-and-night entertainment. All around town, you will be greeted by the magnificent spectacle of our festivities, and the warm hospitality of the people of Hong Kong, as we share the joy of the New Year with all of you.

    I wish you all a happy, healthy and eventful Year of the Snake. Kung Hei Fat Choi! Thank you and enjoy the evening.

    Chief Executive John Lee gave these remarks at the 2025 International Chinese New Year Night Parade on January 29.

    MIL OSI Asia Pacific News

  • MIL-OSI USA News: Press Briefing by Press Secretary Karoline Leavitt

    Source: The White House

    1:06 P.M. EST

         MS. LEAVITT:  Good afternoon, everybody. 

    Q    Good afternoon.

    MS. LEAVITT:  How are we?  Good to see all of you.  It’s an honor to be here with all of you.  A lot of familiar faces in the room, a lot of new faces.

    And President Trump is back, and the golden age of America has most definitely begun. 

    The Senate has already confirmed five of President Trump’s exceptional Cabinet nominees: Secretary of State Marco Rubio, Defense Secretary Pete Hegseth, CIA Director John Ratcliffe, Homeland Security Secretary Kristi Noem, and Treasury Secretary Scott Bessent.  It is imperative that the Senate continues to confirm the remainder of the president’s well-qualified nominees as quickly as possible.

    As you have seen during the past week, President Trump is hard at work fulfilling the promises that he made to the American people on the campaign trail.  Since taking the oath of office, President Trump has taken more than 300 executive actions; secured nearly $1 trillion in U.S. investments; deported illegal alien rapists, gang members, and suspected terrorists from our homeland; and restored common sense to the federal government.

    I want to take a moment to go through some of these extraordinary actions. 

    On day one, President Trump declared a national emergency at our southern border to end the four-year-long invasion of illegal aliens under the previous administration.  Additionally, President Trump signed an executive order to end catch and release and finish construction of his effective border wall.  By using every lever of his federal power, President Trump has sent a loud and clear message to the entire world: America will no longer tolerate illegal immigration. 

    And this president expects that every nation on this planet will cooperate with the repatriation of their citizens, as proven by this weekend, when President Trump swiftly directed his team to issue harsh and effective sanctions and tariffs on the Colombian government upon hearing they were denied a U.S. military aircraft full of their own citizens who were deported by this administration.  Within hours, the Colombian government agreed to all of President Trump’s demands, proving America is once again respected on the world stage.

    So, to foreign nationals who are thinking about trying to illegally enter the United States, think again.  Under this president, you will be detained, and you will be deported. 

         Every day, Americans are safer because of the violent criminals that President Trump’s administration is removing from our communities.

    On January 23rd, ICE New York arrested a Turkish national for entry without inspection who is a known or suspected terrorist.  On January 23rd, ICE San Francisco arrested a citizen of Mexico unlawfully present in the United States who has been convicted of continuous sexual abuse of a child aged 14 years or younger.  ICE Saint Paul has arrested a citizen of Honduras who was convicted of fourth-degree criminal sexual conduct with a minor.  ICE Buffalo arrested a citizen of Ecuador who has been convicted of rape. 

    ICE Boston arrested a citizen of the Dominican Republic who has a criminal conviction for second-degree murder.  This criminal was convicted of murder for beating his pregnant wife to death in front of her five-year-old son. 

         And ICE Saint Paul also arrested a citizen of Mexico who was convicted of possessing pornographic material of a minor on a work computer.

    These are the heinous individuals that this administration is removing from American communities every single day.  And to the brave state and local law enforcement officers, CBP, and ICE agents who are helping in the facilitation of this deportation operation, President Trump has your back and he is grateful for your hard work.

    On the economic front, President Trump took immediate action to lower costs for families who are suffering from four long years of the Biden administration’s destructive and inflationary policies.  President Trump ordered the heads of all executive departments and agencies to help deliver emergency price relief to the American people, untangle our economy from Biden’s regulatory constraints, and end the reckless war on American energy.

    President Trump also signed sweeping executive orders to end the weaponization of government and restore common sense to the federal bureaucracy.  He directed all federal agencies to terminate illegal diversity, equity, and inclusion programs to help return America to a merit-based society.

    President Trump also signed an executive order declaring it is now the policy of the federal government that there are only two sexes: male and female.  Sanity has been restored.

    Before I take your questions, I would like to point out to — all of you once again have access to the most transparent and accessible president in American history.  There has never been a president who communicates with the American people and the American press corps as openly and authentically as the 45th and now 47th president of the United States. 

    This past week, President Trump has held multiple news conferences, gaggled on Air Force One multiple times, and sat down for a two-part interview on Fox News, which aired last week.  As Politico summed it up best, “Trump is everywhere again,” and that’s because President Trump has a great story to tell about the legendary American revival that is well underway.

    And in keeping with this revolutionary media approach that President Trump deployed during the campaign, the Trump White House will speak to all media outlets and personalities, not just the legacy media who are seated in this room, because apporting — according to recent polling from Gallup, Americans’ trust in mass media has fallen to a record low.  Millions of Americans, especially young people, have turned from traditional television outlets and newspapers to consume their news from podcasts, blogs, social media, and other independent outlets.

    It’s essential to our team that we share President Trump’s message everywhere and adapt this White House to the new media landscape in 2025.  To do this, I am excited to announce the following changes will be made to this historic James S. Brady Briefing Room, where Mr. Brady’s legacy will endure.

    This White House believes strongly in the First Amendment, so it’s why our team will work diligently to restore the press passes of the 440 journalists whose passes were wrongly revoked by the previous administration. 

    We’re also opening up this briefing room to new media voices who produce news-related content and whose outlet is not already represented by one of the seats in this room.  We welcome independent journalists, podcasters, social media influencers, and content creators to apply for credentials to cover this White House.  And you can apply now on our new website, WhiteHouse.gov/NewMedia. 

    Starting today, this seat in the front of the room, which is usually occupied by the press secretary staff, will be called the “new media” seat.  My team will review the applications and give credentials to new media applicants who meet our criteria and pass United States Secret Service requirements to enter the White House complex.

    So, in light of these announcements, our first questions for today’s briefing will go to these new media members whose outlets, despite being some of the most viewed news websites in the country, have not been given seats in this room. 

    And before I turn to questions, I do have news directly from the president of the United States that was just shared with me in the Oval Office from President Trump directly — an update on the New Jersey drones: After research and study, the drones that were flying over New Jersey in large numbers were authorized to be flown by the FAA for research and various other reasons. 

    Many of these drones were also hobbyists — recreational and private individuals that enjoy flying drones.  In meanti- — in the — in time, it got worse, due to curiosity.  This was not the enemy.  A — a statement from the president of the United States to start this briefing with some news.

    And with that, I will turn it over to questions, and we will begin with our new media members: Mike Allen from Axios, Matt Boyle from Breitbart. 

         Mike, why don’t you go ahead.

    Q    Thank you very much.  Karoline, does the president see anything fishy about DeepSeek, either its origins or its cost?  And could China’s ability to make these models quicker, cheaper affect our thinking about expanding generation data centers, chip manufacturing?

    MS. LEAVITT:  Sure.  The president was asked about DeepSeek last night on Air Force One when he gaggled for, I think, the third or fourth time throughout the weekend with members of the traveling press corps.  The president said that he believes that this is a wake-up call to the American AI industry.  The last administration sat on their hands and allowed China to rapidly develop this AI program.

    And so, President Trump believes in restoring American AI dominance, and that’s why he took very strong executive action this past week to sign executive orders to roll back some of the onerous regulations on the AI industry.  And President Trump has also proudly appointed the first AI and crypto czar at this White House, David Sacks, whom I spoke with yesterday — very knowledgeable on this subject.  And his team is here working every single day to ensure American AI dominance.

    As for the national security implications, I spoke with NSC this morning.  They are looking into what those may be, and when I have an update, I will share it with you, Mike.

    Q    And, Karoline, you say “restore” U.S. dominance.  Is there fear that the U.S. either is falling or has fallen behind?  And how would the president make sure the U.S. stays ahead?

    MS. LEAVITT:  No.  The president is confident that we will restore American dominance in AI. 

    Matt.

    Q    Yeah.  So, Karoline, first off, thank you to you and President Trump for actually giving voices to new media outlets that represent millions and millions of Americans.  The thing I would add — the — I’ve got a two-part question for you.  The first is just: Can you expand upon what steps the White House is going to take to bring more voices, not less — which is what our founder, Andrew Breitbart, believed in — into this room, where they rightly belong?

    MS. LEAVITT:  Yeah, absolutely.  And as I said in my opening statement, Matt, it is a priority of this White House to honor the First Amendment.  And it is a fact that Americans are consuming their news media from various different platforms, especially young people.  And as the youngest press secretary in history, thanks to President Trump, I take great pride in opening up this room to new media voices to share the president’s message with as many Americans as possible.

    In doing so, number one, we will ensure that outlets like yours — Axios and Breitbart, which are widely respected and viewed outlets — have an actual seat in this room every day.  We also, again, encourage anybody in this country — whether you are a TikTok content creator, a blogger, a podcaster — if you are producing legitimate news content, no matter the medium, you will be allowed to apply for press credentials to this White House. 

    And as I said earlier, our new media website is WhiteHouse.gov/NewMedia, and so we encourage people to apply.  Again, as long as you are creating news-related content of the day and you’re a legitimate independent journalist, you’re welcome to cover this White House. 

    Q    And secondly, Karoline, you sa- — you laid out several of the actions that President Trump has taken.  Obviously, it’s a stark contrast to the previous administration and a breakneck speed from President Trump.  Can we expect that pace to continue as the hun- — the — you know, the first 100 days moves along here and beyond that?

    MS. LEAVITT:  Absolutely.  There is no doubt President Trump has always been the hardest working man in politics.  I think that’s been proven over the past week.  This president has, again, signed more than 300 executive orders.  He’s taken historic action. 

    I gaggled aboard Air Force One to mark the first 100 days of this administration — 4:00 p.m. last Friday — first 100 hours, rather.  And this president did more in the first 100 hours than the previous president did in the first 100 days. 

    So, President Trump, I think you can all expect to — for him to continue to work at this breakneck speed.  So, I hope you’re all ready to work very hard.  I know that we are.

    Zeke Miller.

    Q    Thanks, Karoline.  A question that we’ve asked your predecessors of both parties in this job.  When you’re up here in this briefing room speaking to the American public, do you view yourself and your role as speaking on — advocating on behalf of the president, or providing the unvarnished truth that is, you know, not to lie, not to obfuscate to the American people?

    MS. LEAVITT:  I commit to telling the truth from this podium every single day.  I commit to speaking on behalf of the president of the United States.  That is my job. 

    And I will say it’s very easy to speak truth from this podium when you have a president who is implementing policies that are wildly popular with the American people, and that’s exactly what this administration is doing.  It’s correcting the lies and the wrongs of the past four years, many of the lies that have been told to your faces in this very briefing room.  I will not do that.

    But since you brought up truth, Zeke, I would like to point out, while I vow to provide the truth from this podium, we ask that all of you in this room hold yourselves to that same standard.  We know for a fact there have been lies that have been pushed by many legacy media outlets in this country about this president, about his family, and we will not accept that.  We will call you out when we feel that your reporting is wrong or there is misinformation about this White House. 

    So, yes, I will hold myself to the truth, and I expect everyone in this room to do the same. 

    Q    And, Karoline, just on a substantive question.  Yesterday, the White House Office of Management and Budget directed an across-the-board freeze with — with some exceptions for individual assistance.  We understand just federal grants.

    MS. LEAVITT:  Right.

    Q    It’s caused a lot of confusion around the country among Head Start providers, among providers — from services to homeless veterans, provid- — you know, Medicaid providers, states saying they’re having trouble accessing the portal.  Could you put — help us clear up some confusion —

    MS. LEAVITT:  Yes.

    Q    — give some certainty to folks?  And then also, is that uncertainty — how does that uncertainty service the president’s voters?

    MS. LEAVITT:  Well, I think there’s only uncertainty in this room amongst the media.  There’s no uncertainty in this building. 

    So, let me provide the certainty and the clarity that all of you need.  This is not a blanket pause on federal assistance in grant programs from the Trump administration.  Individual assistance, that includes — I’m not naming everything that’s included, but just to give you a few examples — Social Security benefits, Medicare benefits, food stamps, welfare benefits — assistance that is going directly to individuals will not be impacted by this pause. 

    And I want to make that very clear to any Americans who are watching at home who may be a little bit confused about some of the media reporting: This administration — if you are receiving individual assistance from the federal government, you will still continue to receive that. 

    However, it is the responsibility of this president and this administration to be good stewards of taxpayer dollars.  That is something that President Trump campaigned on.  That’s why he has launched DOGE, the Department of Government Efficiency, who is working alongside OMB.  And that’s why OMB sent out this memo last night, because the president signed an executive order directing OMB to do just this.  And the reason for this is to ensure that every penny that is going out the door is not conflicting with the executive orders and actions that this president has taken. 

    So, what does this pause mean?  It means no more funding for illegal DEI programs.  It means no more funding for the Green New Scam that has ta- — cost American taxpayers tens of billions of dollars.  It means no more funding for transgenderism and wokeness across our federal bureaucracy and agencies.  No more funding for Green New Deal social engineering policies.  Again, people who are receiving individual asintan- — assistance, you will continue to receive that.

    And President Trump is looking out for you by issuing this pause because he is being good steward of your taxpayer dollars.

    Q    Thanks, Karoline. 

    MS. LEAVITT:  Sure.

    Q    How long is this pause going to last?  And how is the Trump administration recommending that organizations that rely on federal funding make payroll, pay their rent in the meantime?

    MS. LEAVITT:  It is a temporary pause, and the Office of Management and Budget is reviewing the federal funding that has been going out the door, again, not for individual assistance, but for all of these other programs that I mentioned.

    I also spoke with the incoming director of OMB this morning, and he told me to tell all of you that the line to his office is open for other federal government agencies across the board, and if they feel that programs are necessary and in line with the president’s agenda, then the Office of Management and Budget will review those policies. 

    I think this is a very responsible measure.  Again, the past four years, we’ve seen the Biden administration spend money like drunken sailors.  It’s a big reason we’ve had an inflation crisis in this country, and it’s incumbent upon this administration to make sure, again, that every penny is being accounted for honestly.

    Q    Why impose this pause with so little notice?  Why not give organizations more time to plan for the fact that they are about to lose, in some cases, really crucial federal funding —

    MS. LEAVITT:  There was —

    Q    — at least for a — for a period of time?

    MS. LEAVITT:  There was notice.  It was the executive order that the president signed. 

    There’s also a freeze on hiring, as you know; a regulatory freeze; and there’s also a freeze on foreign aid.  And this is a — again, incredibly important to ensure that this administration is taking into consideration how hard the American people are working.  And their tax dollars actually matter to this administration. 

    You know, just during this pause, DOGE and OMB have actually found that there was $37 million that was about to go out the door to the World Health Organization, which is an organization, as you all know, that President Trump, with the swipe of his pen in that executive order, is — no longer wants the United States to be a part of.  So, that wouldn’t be in line with the president’s agenda. 

    DOGE and OMB also found that there was about to be 50 million taxpayer dollars that went out the door to fund condoms in Gaza.  That is a preposterous waste of taxpayer money. 

    So, that’s what this pause is focused on: being good stewards of tax dollars. 

    Q    And so, this doesn’t affect —

    MS. LEAVITT:  Jennifer.

    Q    — Meals on Wheels or Head Start or disaster aid?

    MS. LEAVITT:  Again, it does not affect individual assistance that’s going to Americans.

    Q    To follow up on Nancy, do you think there will be a list of who is affected and how much money is affected?  How — how will these contractors and organizations know if they are actually being — having their funding frozen?

    And then, secondly, if you’re willing, can you just clarify, is the end goal of this to essentially challenge Congress or to — to prove that the president can withhold federal funding?  Is — in other words, is this an attempt to pick a fight to prove that he can do this?

    MS. LEAVITT:  No, absolutely not.  As it says right here in the memo, which I have — and I’d encourage all of you to read it — it says, “The American people elected President Trump to be the president of the United States and gave him a mandate to increase the impact of every federal dollar.”  “This memo requires federal agencies to identify and review all Federal financial assistance programs and supporting activities consistent with the president’s policies and requirements.” 

    The American people gave President Trump an overwhelming mandate on November 5th, and he’s just trying to ensure that the tax money going out the door in this very bankrupt city actually aligns with the will and the priorities of the American people. 

    (Cross-talk.)

    Brian Glenn.

    Q    Yes.  Welcome. 

    MS. LEAVITT:  Thank you.

    Q    You look great.  You’re doing a great job. 

    MS. LEAVITT:  Thank you.

    Q    You talked about transparency.  And some of us in this room know how just transparent President Trump has been the last five or six years; I think you’ll do the same. 

    My question is, do you think this latest incident with the president of Colombia is indicative of the global, powerful respect they have for President Trump moving forward not only to engage in — in economic diplomacy with these countries but also world peace?

    MS. LEAVITT:  Absolutely.  I’ll echo the answer that the president gave on Air Force One last night when he was asked a very similar question by one of your colleagues in the media: This signifies peace through strength is back, and this president will not tolerate illegal immigration into America’s interior. 

    And he expects every nation on this planet, again, to cooperate with the repatriation of their citizens who illegally entered into our country and broke America’s laws.  Won’t be tolerated. 

    And as you saw, the Colombian government quickly folded and agreed to all of President Trump’s demands.  Flights are underway once again.

    (Cross-talk.)

    Diana.

    Q    Two questions on deportations, if I may.  President Trump had said on the campaign trail that he would deport pro-Hamas students who are here on visas, and on his first day in office, he signed an executive order that said, quote, “The U.S. must ensure that admitted aliens and aliens otherwise already present in the U.S. do not bear hostile attitudes toward its citizens, culture, government, institutions, or founding principles.”  So, should we take this executive order as Trump saying he would be open to de- — deporting those students who are here on visas, but, you know, hold pro-Hamas sympathies?

    MS. LEAVITT:  The president is open to deporting individuals who have broken our nation’s immigrations laws.  So, if they are here illegally, then certainly he is open to deporting them, and that’s what this administration is hard at work at doing. 

    We receive data from DHS and from ICE every single day.  From what we hear on the ground, ICE agents are feeling incredibly empowered right now because they actually have a leader in this building who is supporting them in doing their jobs that they were hired to do, which is to detain, arrest, and deport illegal criminals who have invaded our nation’s borders over the past four years.  That’s what the president is committed to seeing. 

    Q    One more. 

    MS. LEAVITT:  Peter.
        
         Q    Just following up on that, Karoline —

    Q    Karoline, if I could ask you very quickly, just following up on the question on immigration.  First, President Trump, during the course of the campaign in 2024, said the following about illegal im- — immigration.  He said, “They’re going back home where they belong, and we start with the criminals.  There are many, many criminals.”  NBC News has learned that ICE arrested 1,179 undocumented immigrants on Sunday, but nearly half of them — 566 of the migrants — appear to have no prior criminal record besides entering the country illegally. 

    MS. LEAVITT:  (Laughs.)

    Q    Is the president still focused exclusiv- — which is a civil crime, not a — not a — it’s not criminal —

    MS. LEAVITT:  It’s a federal crime. 

    Q    It’s a fed- — so, I’m asking though, he said he was going to focus on those violent offenders first.  So, is violent offenders no longer the predicate for these people to be deported?

    MS. LEAVITT:  The president has said countless times on the campaign trail — I’ve been with him at the rallies; I know you’ve been there covering them too, Peter — that he is focused on launching the largest mass deportation operation in American history of illegal criminals. 

    And if you are an individual, a foreign national, who illegally enters the United States of America, you are, by definition, a criminal.  And so, therefore —

    Q    So, to be clear, it’s not exclusively —

    MS. LEAVITT:  — you are subject deportation. 

    Q    I apologize for interrupting.  So, to be clear, it’s not — violent criminals do not receive precedence in terms of the deportations taking place?

    MS. LEAVITT:  The president has also said — two things can be true at the same time.  We want to deport illegal criminals, illegal immigrants from this country.  But the president has said that, of course, the illegal dr- — criminal drug dealers, the rapists, the murderers, the individuals who have committed heinous acts on the interior of our country and who have terrorized law-abiding American citizens, absolutely, those should be the priority of ICE.  But that doesn’t mean that the other illegal criminals who entered our nation’s borders are off the table. 

    Q    Understood.  Then let me ask you a separate question about the confusion that still exists across the country right now as it relates to the — the freeze — or the pause, as it’s described.  President Trump, of course, ran — one of the key policy items was that he was going to lower prices, lower the cost of everything from groceries, as he often said.  But in many of the cases, it would seem that some of these moves could raise prices for real Americans on everything from low-income heating — that program; childcare programs.  Will nothing that the president is doing here, in terms of the freeze in these programs, raise prices on ordinary Americans?

    MS. LEAVITT:  What particular actions are you referring to that would —

    Q    I’m referring to LHEAP right now.  That’s the low-income heating program, for example.  We can talk about — there’s no clarity, so I could refer to a lot of them.  We don’t know what they are specifically.  Can you tell us that LHEAP — that LIHEAP is not one of those affected?

    MS. LEAVITT:  So, you’re asking a hypoc- — -thetical based on programs that you can’t even identify?

    Q    No, I just identified — I —

    MS. LEAVITT:  What I can tell you is that the —

    Q    Well, just to be — just to be clear, since you guys haven’t identified, let’s do it together, just for Americans at home.  Medicaid, is that affected?

    MS. LEAVITT:  I gave you a list of examples — Social Security, Medicare, welfare benefits —

    Q    Medicaid too, correct?

    MS. LEAVITT:  — food stamps — that will not be impacted by this federal pause.  I can get you the full list after this briefing from the Office of Management and Budget.

    But I do want to address the cost cutting, because that’s certainly very important, and — and cutting the cost of living in this country.  President Trump has taken historic action over the past week to do that.  He actually signed a memorandum to deliver emergency price relief for American families, which took a number of actions.  I can walk you through those. 

    He also repealed many onerous Biden administration regulations.  We know, over the past four years, American households has been essentially taxed $55,000 in regulations from the previous administration.  President Trump, with the swipe of his pen, rescinded those, which will ultimately put more money back in the pockets of the American people.  So, deregulation is a big deal. 

    And then, when it comes to energy, I mean, the president signed an executive order to declare a national energy emergency here at home, which is going to make America energy dominant.  We know that energy is one of the number-one drivers of inflation, and so that’s why the president wants to increase our energy supply: to bring down costs for Americans.  The Trump energy boom is incoming, and Americans can expect that.

    Q    Please share that memo.  Thank you.

    MS. LEAVITT:  I will.

    (Cross-talk.)

    Q    Karoline, I think — some of the confusion, I think, may be here with this pause on federal funding.  You’ve made it clear you’re not stopping funds that go directly to individuals, but there certainly are lots of organizations that receive funding and then may pass along a benefit — Meals on Wheels, for one.  They provide meals for over 2.2 million seniors. 

    What is the president’s message to Americans out there, many of whom supported him and voted for him, who are concerned that this is going to impact them directly, even if, as you said, the funding isn’t coming directly to their wallet?

    MS. LEAVITT:  I have now been asked and answered this question four times.  To individuals at home who receive direct assistance from the federal government, you will not be impacted by this federal freeze.  In fact, OMB just sent out a memo to Capitol Hill with Q and A to — to clarify some of the questions and the answers that all of you are a- — are asking me right now. 

    Again, direct assistance will not be impacted.  I’ve been asked and answered about this OMB memo.  There’s many other topics of the day. 

    Jacqui Heinrich. 

    Q    But on indirect assistance, Karoline —

    Q    Thank you, Karoline.

    Q    — if it’s going to another organization and then trickling down?

    MS. LEAVITT:  Direct assistance that is in the hands of the American people will not be impacted. 

    Again, as I said to Peter, we will continue to provide that list as it comes to fruition.  But OMB right now is focused on analyzing the federal government’s spending, which is exactly what the American people elected President Trump to do. 

    (Cross-talk.)

    Q    Thank you, Karoline.

    Q    And one question on immigration, Karoline.  On immigration. 

    Q    Thank you, Karo- —

    Q    Of the 3,500 arrests ICE has made so far since President Trump came back into office, can you just tell us the numbers?  How many have a criminal record versus those who are just in the country illegally.

    MS. LEAVITT:  All of them, because they illegally broke our nation’s laws, and, therefore, they are criminals, as far as this administration goes.  I know the last administration didn’t see it that way, so it’s a big culture shift in our nation to view someone who breaks our immigration laws as a criminal.  But that’s exactly what they are. 

    Jacqui.

    (Cross-talk.)

    Q    Karoline, on tariffs.

    Q    But you made a point of going with the worst first. 

    Q    On tariffs.

    Q    They all have a criminal record?

    Q    And welcome to the briefing room.

    MS. LEAVITT:  If they broke our nation’s laws, yes, they are a criminal. 

    Yes.

    Q    Thank you.  On stripping security details for figures like John Bolton, Pompeo, Brian Hook.  Senator Tom Cotton said that he’s seen the intelligence and the threat from Iran is real for anyone who played a role in the Soleimani strike.  He voiced concern it wouldn’t just impact those individuals but potentially their family, innocent bystanders, friends — anyone who is near them when they’re out in public.  Is the president open to reconsidering his decision?

    MS. LEAVITT:  The president was asked and answered this yesterday, and he was firm in his decision, despite some of the comments that you had referenced.  And he’s made it very clear that he does not believe American taxpayers should fund security details for individuals who have served in the government for the rest of their lives.  And there’s nothing stopping these individuals that you mentioned from obtaining private security. 

    That’s where the president stands on it.  I have no updates on that. 

    Q    Is there any concern that this decision might jeopardize the administration’s ability to hire the best advisers for these kinds of positions in the future?

    MS. LEAVITT:  No.  In fact, I’ve talked to the Presidential Personnel Office who has told me directly that there is such an influx of resumes for this administration that it’s incredibly overwhelming.  There is no lack of talent for the Trump administration. 

    Reagan Ree- —

    Q    And would he — would he take any responsibility —

    Q    Thanks, Karoline.

    Q    — if anything happened to these people?  Would he feel at all that his decision was a factor in that?

    MS. LEAVITT:  The president was asked and answered this yesterday.  I’d defer you to his comments.

    Q    Thanks, Karoline.

    Q    Karoline —

    MS. LEAVITT:  Reagan, since you’re in the back row, I hear y- — the back row hasn’t gotten much attention in the last four years —

    Q    Yes, thank you.

    MS. LEAVITT:  — so I’m happy to answer your question. 

    Q    And I can project.  (Laughter.)

    Does the president intend to permanently cut off funding to NGOs that are bringing illegal foreign nationals to the country, such as Catholic Charities?

         MS. LEAVITT:  I am actually quite certain that the president signed an executive order that did just that, and I can point you to that.

         Q    One more, Karoline.

    MS. LEAVITT:  Yeah.

    Q    President Trump issued an executive order on increased vetting for refugees in visa applications. 

    MS. LEAVITT:  That’s right.

    Q    Part of that order was considering an outright ban for countries that have deficient screening processes.  Has the president considered yet which countries might fall into this category?  Are countries like Afghanistan or Syria under consideration for a full ban?

    MS. LEAVITT:  Yeah.  So, the president signed an executive order to streamline the vetting for visa applicants and for illegal immigrants in this country who are coming, of course, from other nations. 

    It also directed the secretary of State to review the process and make sure that other countries around the world are being completely transparent with our nation and the individuals that they are sending here.  And so, the secretary of State has been directed to report back to the president.  I haven’t seen that report yet.  We’ve only been here for a few days.

    (Cross-talk.)

    Q    Karoline, two questions for you.  One on the freeze in federal funding.  Who advised the president on the legality of telling government agencies that they don’t have to spend money that was already appropriated by Congress?

    MS. LEAVITT:  Well, as the OMB memo states, this is certainly within the confines of the law. 

    So, White House Counsel’s Office believes that this is within the pe- — president’s power to do it, and therefore, he’s doing it.

    Q    Okay.  So, they disagree with lawmakers who say that they don’t have the power to — to freeze this funding?

    MS. LEAVITT:  Again, I would point you to the language in the memo that clearly states this is within the law.

    Q    And on what happened on Friday night.  The — the administration fired several inspectors general without giving Congress the 30-day legally required notification that they were being fired.  I think only two were left at DO- — DHS and the DOJ.  And then, yesterday, we saw several prosecutors — I believe 12 — fired from the Justice Department who worked on the investigations into the president.  As you know, they are career prosecutors; therefore, they are afforded civil service protections.  How is the administration deciding which laws to follow and which ones to ignore?

    MS. LEAVITT:  So, it is the belief of this White House and the White House Counsel’s Office that the president was within his exe- — executive authority to do that.  He is the executive of the executive branch, and, therefore, he has the power to fire anyone within the executive branch that he wishes to. 

    There’s also a case that went before the Supreme Court in 2020: Scaila [Seila] Law LLC, v. the Customs — the [Consumer Financial Protection] Bureau Protection I would advise you to look at that case, and that’s the legality that this White House has rested on. 

    Q    So, you’re confident that if they bring lawsuits against you — those prosecutors who were fired — that — that they will succeed?

    MS. LEAVITT:  We will win in court, yes.

    Q    And did he personally direct this, given they worked on the classified documents investigation and the election interference investigation?

    MS. LEAVITT:  This was a memo that went out by the Presidential Personnel Office, and the president is the leader of this White House.  So, yes.

    Q    So, it did come from him?

    MS. LEAVITT:  Yes, it came from this White House.

    (Cross-talk.)

    Q    Karoline.

    MS. LEAVITT:  Sir.

    Q    Thank you.  Congrats on your first day behind the podium.

    MS. LEAVITT:  Thank you.

    Q    President Trump ended funding for UNRWA and also designated the Houthis a foreign terrorist organization.

    MS. LEAVITT:  That’s right.

    Q    Both were decisions that the previous administration had reversed.  So, here’s my question: Will there be an investigation into who gave the previous administration this terrible advice?

    MS. LEAVITT:  Well, that’s a very good point.  I haven’t heard discussions about such an ins- — investigation, but it wouldn’t be a bad idea, considering that the Houthis cer- — certainly are terrorists.  They have launched attacks on U.S. naval ships across this world, and so I think it was a very wise move by this administration to redesignate them as a terrorist group, because they are.  And I think it was a foolish decision by the previous administration to do so. 

    As for an investigation, I’m not sure about that, but it’s not a bad idea.

    (Cross-talk.)

    Josh.

    Q    Thank you for the question.  I appreciate it.  Can you give us an update on the president’s plan for his tariff agenda?  He spoke a lot about this yesterday, and there’s a couple of dates coming up that —

    MS. LEAVITT:  Sure.

    Q    — he’s spoken to.  Number one, February 1st.  He’s alluded to both the potential for tariffs for Canada and Mexico but also China to take effect on those days.  Where is — what’s he thinking about that?

    MS. LEAVITT:  Yeah.

    Q    Should those countries expect that on the 1st?

    MS. LEAVITT:  Again, he was asked and answered this question this past weekend when he took a lot of questions from the press, and he said that the February 1st date for Canada and Mexico still holds.

    Q    And what about the China 10 percent tariff that he also had mused about last Tuesday going into effect on the same date?

    MS. LEAVITT:  Yeah, the president has said that he is very much still considering that for February 1st.

    Q    And then, separately, yesterday, he talked also about sectoral tariffs on, for instance, pharmaceuticals, as well as semiconductor computer chips.  He talked about steel, aluminum, and copper.  What’s the timeline on those?  Is that a similar sort of “coming days” thing or —

    MS. LEAVITT:  Yeah, so when the president talked about that in his speech yesterday, that actually wasn’t a new announcement.  That was within a presidential memorandum that he signed in one of the first days here in the White House on his America First trade agenda.  So, there’s more details on those tariffs in there.

    As far as a date, I don’t have a specific date to read out to you, but the president is committed to implementing tariffs effectively, just like he did in his first term.

    Q    And then — and then, finally, he also was asked on the plane when he gaggled about the potential for a universal tariff.  He was asked maybe about two and a half percent.

    MS. LEAVITT:  Yeah.

    Q    There was a report about that.  He said he wanted “much bigger than that.”  Should we understand that these tariffs would add up?  You know, in other words, you might have country-specific tariffs like Canada, Mexico, China.  You might have sectoral tariffs, like on pharmaceuticals, as well as a potential universal tariff on top of that.  Do these stack on one or the other, or would one sort of take precedence over another?

    MS. LEAVITT:  All I can point you to is what the president has said on this front: the February 1st date for Canada and Mexico and also the China tariff that he has discussed.

    He rejected the 2.5 percent tariff.  He said that was a little bit too low.  He wants it to be higher. 

    I’ll leave it to him to make any decisions on that front.

    Q    Do you have any comment on what the —

    (Cross-talk.)

    Q    — what the Mexicans and Canadians —

    MS. LEAVITT:  Phil.

    Q    — have done so far?  Do you have any comment on whether that has met the bar of what he wants to see on fentanyl?  Thank you.

    MS. LEAVITT:   I — I won’t get ahead of the president, again, on advocating to foreign nations on what they should or shouldn’t do to get away from these tariffs.  The president has made it very clear, again, that he expects every nation around this world to cooperate with the repatriation of their citizens.  And the president has also put out specific statements in terms of Canada and Mexico when it comes to what he expects in terms of border security.

    We have seen a historic level of cooperation from Mexico.  But, again, as far as I’m still tracking — and that was last night talking to the president directly — February 1st is still on the books.

    Q    Thank you.

    MS. LEAVITT:  Phil.

    Q    Thank you, Karoline.  Quick programming note, and then a question on taxes.

    MS. LEAVITT:  A programming note.

    Q    Well, in terms of programming, should —

    MS. LEAVITT:  That sounds fun. 

    Q    — we expect to see you here every day?  How frequently will these —

    Q    That’s a good question.

    Q    — press briefings be?

    MS. LEAVITT:  It is a good question, April.

    So, look, the president, as you know, is incredibly accessible.  First day here, he wanted all of you in the Oval Office.  You got a 60-minute press conference with the leader of the free world — while he was simultaneously signing executive orders, I may add.  That’s pretty impressive.  I don’t think the previous office holder would be able to pull such a thing off. 

    So, look, the president is the best spokesperson that this White House has, and I can assure you that you will be hearing from both him and me as much as possible.

    Q    And then a question about tax cuts.  You know, the president has promised to extend the tax cuts from the previous term.  I’m curious, you know, does the president support corresponding spending cuts, as some Republicans have called for in Congress?  And will the new Treasury secretary be leading those negotiations with the Hill, as Mnuchin did during the first administration?

    MS. LEAVITT:  The president is committed to both tax cuts and spending cuts.

    And he has a great team negotiating on his behalf, but there’s no better negotiator than Donald Trump, and I’m sure he’ll be involved in this reconciliation process as it moves forward.

    (Cross-talk.)

    Q    Karoline, in the announcement that you made last night on the Iron Dome, it said the president had directed that the United States will build this Iron Dome.

    MS. LEAVITT:  Yeah.

    Q    When you read into the executive order, it seemed short of that.  It asked for a series of studies —

    MS. LEAVITT:  Yeah.

    Q    — and reports back on — can you tell us whether the president has directed this and, if he is this concerned on this issue, why the suspensions that we saw listed by OMB included so many different nuclear programs, nonproliferation programs, programs to blend down nuclear weapons, and s- — and so forth?

    MS. LEAVITT:  First of all, when it comes to the Iron Dome, the executive order directed the implementation of the — of an Iron Dome.  It also, as you said, kind of directed research and studies to see if — or — or how the United States can go about doing this, particularly the Department of Defense.

    When it comes to the other question that you asked about those specific programs, again, I would say, this is not a — a ban; this is a temporary pause and a freeze to ensure that all of the money going out from Washington, D.C., is in align with the president’s agenda.

    And as the Office of Management and Budget has updates on what will be kick-started, once again, I will provide those to you. 

    Q    Can you clarify for a sec what you were saying before on Medicaid?  It wasn’t clear to me whether you were saying that no Medicaid would be cut off.  Obviously, a lot of this goes to states before it goes to individuals and so forth.  So, are you guaranteeing here that no individual now on Medicaid would see a cutoff because of the pause?

    MS. LEAVITT:  I’ll check back on that and get back to you. 

    Jon.

    Q    Thanks a lot, Karoline.  As you know, in the first week that the president was in office, signed an executive order as it relates to birthright citizenship — trying to eliminate that.  Now, 22 state attorney generals have said that this is unconstitutional.  A federal judge has just agreed with their argument.  What’s the administration’s argument for doing away with birthright citizenship?

    MS. LEAVITT:  The folks that you mentioned have a right to have that legal opinion, but it is in disagreement with the legal opinion of this administration. 

    This administration believes that birthright citizenship is unconstitutional, and that is why President Trump signed that executive order.  Illegal immigrants who come to this country and have a child are not subject to the laws of this jurisdiction.  That’s the opinion of this administration. 

    We have already appealed the rul- — the lawsuit that was filed against this administration, and we are prepared to fight this all the way to the Supreme Court if we have to, because President Trump believes that this is a necessary step to secure our nation’s borders and protect our homeland. 

    Monica.

    Q    And then on foreign policy — on foreign policy, Karoline —

    Q    Thank you, Karoline.  It’s great to see you, and you’re doing a great —

    Q    — on foreign policy, if I may.  The president’s commitment to the NATO defense Alliance, is it as strong as the prior administration?  Is it the same as when he served as president in his first term in office?

    MS. LEAVITT:  As long as NATO pays their fair share.

    And President Trump has called on NATO Allies to increase their defense spending to 5 percent.  You actually saw the head of NATO at Davos last week on Bloomberg Television saying that President Trump is right and if Europe wants to keep itself safe, they should increase their defense spending. 

    I would just add that there was no greater ally to our European allies than President Trump in his first term.  The world, for all nations in Europe, and, of course, here at home was much safer because of Presidents Tru- — Trump’s peace through strength diplomatic approach. 

    Monica.

    Q    Karoline —

    Q    Thank you.  Thank you, Karoline.  And it’s great to finally be called on as well in the briefing room.  I appreciate that. 

    MS. LEAVITT:  You’re welcome. 

    Q    Of course, we know President Trump just got back from North Carolina and California meeting with victims of natural disasters.  There’s the two-year anniversary of the East Palestine, Ohio, toxic train derailment.  Does the president have any plans to go visit the victims of that toxic spill or just visit in general?

    MS. LEAVITT:  Not — no plans that I can read out for you here.  If that changes, I will certainly keep you posted. 

    What I can tell you is that President Trump still talks about his visit to East Palestine, Ohio.  That was one of the turning points, I would say, in the previous election campaign, where Americans were reminded that President Trump is a man of the people.  And he, as a candidate, visited that town that was just derailed by the train derailment — no pun intended — and he offered support and hope, just like I saw the president do this past week. 

    It was a purposeful decision by this president, on his first domestic trip, to go to North Carolina and to California to visit with Americans who were impacted by Hurricane Helene and also by the deadly fires — a red state and a blue state, both of which feel forgotten by the previous administration and the federal government.  That has now — that has now ended under President Trump. 

    He will continue to put Americans first, whether they’re in East Palestine, in Pacific Palisades, or in North Carolina.

    (Cross-talk.)

    Sure.

    Q    Thank you, Karoline.  On California, could you please clarify what the military did with the water last night, as referenced in the president’s Truth Social post?

    MS. LEAVITT:  The water has been turned back on in California, and this comes just days after President Trump visited Pacific Palisades and, as you all saw, applied tremendous pressure on state and local officials in Pacific Palisades, including Los Angeles Mayor Karen Bass, to turn on the water and to direct that water to places in the south and in the middle of the state that have been incredibly dry, which has led to the expansion — the rapid expansion of these fires.

    Q    So, could you clarify what the military’s role was, where the water came from, and how it got there?

    MS. LEAVITT:  Again, the Army Corps of Engineers has been on the ground in California to respond to the devastation from these wildfires.  And I would point out that just days after President Trump visited the devastation from these fires, the water was turned on.  That is because of the pressure campaign he put on state and local officials there, who clearly lack all common sense. 

    And I will never forget being at that round table with the president last week and hearing the frustration in the voices of Pacific Palisades residents who feel as though their government has just gone insane.  Before President Trump showed up on the scene, Karen Bass was telling private property owners that they would have to wait 18 months to access their private property.

    So, this administration, the president and his team that’s on the ground in California — Ric Grenell, who he has designated to oversee this great crisis — ha- — will continue to put pressure on Karen Bass and state and local officials to allow residents to access their properties. 

    This is a huge part of it.  These residents want to take part in their own clearing out of their properties.  They should be able to do that.  It’s the United States of America.  What happened to our freedom?  Clearly, it’s gone in California, but not anymore under President Trump.

    Q    Karoline —

    MS. LEAVITT:  April.

    Q    Karoline, welcome to the briefing room.

    MS. LEAVITT:  Thank you.

    Q    Several questions.  One on the pause.  Will minority-serving institutions, preferably colleges and universities, have those monies held back temporarily at this moment?

    MS. LEAVITT:  Again, I have not seen the entire list, because this memo was just sent out.  So, I will provide you all with updates as we receive them.  Okay?

    Q    Karoline —

    Q    And secondly — als- —

    Q    Karoline.

    Q    Also, secondly, when it comes to immigration, there is this southern border focus.  What happens to those who have overstayed their visas?  That is part of the broken immigration system.  In 2023, there was a report by the Biden administration, the Homeland Security Department, that said overstays of visas were three times more than usual.  Will there be a focus on the overstays for visas as well?

    MS. LEAVITT:  If an individual is overstaying their visa, they are therefore an illegal immigrant residing in this country, and they are subject to deportation.  

    Q    And also, lastly —

    MS. LEAVITT:  Yes.

    Q    Lastly, as we’re dealing with anti-DEI, anti-woke efforts, we understand this administration could — is thinking about celebrating Black History Month.  Have you got any word on that?  Anything that you can offer to us?

    MS. LEAVITT:  As far as I know, this White House certainly still intends to celebrate, and we will continue to celebrate American history and the contributions that all Americans, regardless of race, religion, or creed, have made to our great country.  And America is back.

    Christian Datoc.

    Q    Thanks, Karoline.  Just real quick.  You mentioned the inflation executive order the president signed, but egg prices have skyrocketed since President Trump took office.  So, what specifically is he doing to lower those costs for Americans?

    MS. LEAVITT:  Really glad you brought this up, because there is a lot of reporting out there that is putting the onus on this White House for the increased cost of eggs.  I would like to point out to each and every one of you that, in 2024, when Joe Biden was in the Oval Office — or upstairs in the residence sleeping; I’m not so sure — egg prices increased 65 percent in this country.  We also have seen the cost of everything, not just eggs — bacon, groceries, gasoline — have increased because of the inflationary policies of the last administration.

    As far as the egg shortage, what’s also contributing to that is that the Biden administration and the Department of Agriculture directed the mass killing of more than 100 million chickens, which has led to a lack of chicken supply in this country, therefore a lack of egg supply, which is leading to the shortage.

    So, I will leave you with this point.  This is an example of why it’s so incredibly important that the Senate moves swiftly to confirm all of President Trump’s nominees, including his nominee for the United States Department of Agriculture, Brooke Rollins, who is already speaking with Kevin Hassett, who is leading the economic team here at the White House, on how we can address the egg shortage in this country.

    As for cots, I laid out — costs — I laid out the plethora of ways that President Trump has addressed saving costs for the American people over the past week.  He looks forward to continuing to doing that —

    Q    Karoline, what —

    MS. LEAVITT:  — in the days ahead.

    (Cross-talk.)

    Thank you, guys, so much.  I’ll see you soon.

    END                1:52 P.M. EST

    MIL OSI USA News

  • MIL-OSI: WISeArt’s Exclusive Reveal of Yan Balestra’s Anvil Wonderland to be Held at WISeKEY’s Geneva Headquarters from January 30 to February 2

    Source: GlobeNewswire (MIL-OSI)

    FOR IMMEDIATE RELEASE

    WISeArt’s Exclusive Reveal of Yan Balestra’s Anvil Wonderland to be Held at WISeKEY’s Geneva Headquarters from January 30 to February 2

    Geneva, Switzerland January 29, 2025: WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a global leader in cybersecurity, AI, Blockchain, and IoT operating as a holding company, today announced that its WISe.Art subsidiary is offering collectors and art enthusiasts an array of diverse projects during ArtGeneve, the iconic annual contemporary art fair to be held from January 30 to February 2, 2025. In this vibrant atmosphere, the various projects will give art aficionados a glimpse into Yan’s unique Neo-Pop vision, blending fine art, digital storytelling, and pop culture nostalgia, a true insight on augmented reality with artists selected by Espace L as well as a world première which will revolutionise the music industry using AI to the advantage of human musicians.

    Anvil Wonderland: As the whimsical and the bold ooze with creativity, Anvil Wonderland invites audiences into a dynamic and colourful world where classical animation meets contemporary art. Inspired by the iconic cartoon trope of falling anvils, the piece transforms this playful chaos into a modern-day tribute to resilience.

    The 60 x 80 cm acrylic on canvas piece features striking colours of pure blue, red, yellow, black, and white showcasing Yonel, the mischievous central figure of Yan’s artistic universe, captured mid-leap in a vibrant and daring composition. Accompanying the physical piece is an exclusive NFT animation: a 9-second loop that brings Yonel to life, diving into the unknown with his signature energy and spirit. The package will be released for sale to the public simultaneously live at the WISeKEY’s headquarters and online via the WISe.ART platform.

    This unique combination of physical and digital artistry provides collectors with a phygital experience that seamlessly bridges the worlds of traditional fine art and cutting-edge innovation.

    About Yan Balestra: Yan Balestra is a contemporary artist celebrated for his Neo-Pop aesthetic and ability to combine extreme sports culture, retro-futuristic elements, and bold storytelling. Through Yonel, his artistic alter-ego, Yan invites audiences to reconnect with their inner child and embrace the joy of exploration and imagination. His work serves as a bridge between playful nostalgia and the forward momentum of contemporary art.
    https://www.instagram.com/yanbalestra/?hl=en
    https://platform.wise.art/author/yan/

    About SpinDreams: Hydroelectric transmutations in the Swiss landscape by River Oracle, Lea Sblandano, Nacoca Ko, Paulo Wirz, Ricardo Meli, Paul Fritz, Antoine Félix Bürcher, Hugo Landlade and Jan Steenman. The project was initiated in 2022 to bridge the fluidity of analog and digital reality questioning dreamlike realities and newer technologies, nature’s resources feeding human energies. The art pieces act as semiotic talismans, focal points that draw awareness to the ceaseless metamorphic interplay between the tangible and the virtual.

    About Espace_L: Inaugurated in 2011, Espace_L is rapidly becoming the reference in Geneva for contemporary art. The gallery interacts in distinct sectors by presenting internationally recognized artists and by orchestrating art meetings, to raise awareness and question current art movements questioning technology and the philosophy of art.

    About “20 Song” by Soren Sorenson aka Dorian Gray: Dorian Gray’s approach is, above all, exploratory, a way to understand how AI can enrich the creative process and open new avenues of expression. “20-version song” is a manifesto for augmented musical creation, where artificial intelligence becomes an ally, not a substitute for humans. The project does not stop there: it invites the public to participate in the experience, navigate this sound labyrinth, discover the 20 interpretations, and choose their favorite by voting directly on the site, a democratic approach that gives a playful and participatory dimension to this unique musical exploration.

    About The Good Token Society: In the dynamic landscape of Web3, the need for support, federation, promotion and representation has never been more pressing. The Good Token Society is a hub for sustainable, global technology development, a base for initiatives focusing on the confluence of impact, technology, and finance. A collective of innovators, entrepreneurs, and thought leaders passionate about the intersection of technologies and impact. We must shift from reactive to proactive and being prepared for the future. Despite facing challenges, blockchain players persist in enhancing capabilities. We are transitioning from theoretical experimentation to tangible business solutions.

    The Event: Yan Balestra’s opening exhibition will take place at WISeKEY headquarters, 58 Avenue Louis Casaï in Geneva, Switzerland on January 29, from 4 to 9 pm, by appointment offering an intimate opportunity for collectors, curators, and art enthusiasts to explore Yan Balestra’s latest creation. While the event is not officially affiliated with ArtGeneve, it takes advantage of the vibrant energy surrounding the city’s most prestigious art week, providing a compelling space for attendees to discover Yan’s unique artistic narrative.

    SpinDream will be on show at the Espace_L booth at ArtGeneve and 20 Song will go live on the air simultaneously.

    Sales Details: The NFTs attached to all these various projects will be available for purchase with Crypto Currencies or Credit Card payment on WISe.ART, WISeKEY’s innovative platform for fine art and digital NFTs. This unique phygital piece offers collectors a rare opportunity to own a one-of-a-kind work of art that bridges the worlds of nostalgia, creativity, and cutting-edge digital innovation.

    About WISe.ART: WISe.ART, powered by WISeKEY, combines blockchain technology with the fine art world to create a secure and innovative space for artists and collectors. It is a cutting-edge platform designed to bring physical and digital art into a new era of authenticity and accessibility.

    About WISeKEY:

    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact:  Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com 
    WISeKey Investor Relations (US)
    Contact: The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611
    lcati@equityny.com
    WISe.ART
    Contact: Sixtine Crutchfield
    Art Director
    Tel: +41764406563
    scrutchfield@wisekey.com

    Disclaimer
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    The MIL Network

  • MIL-OSI: Haivision Unveils a Streamlined User Interface for the Haivision Pro Video Transmitter, Simplifying Ease-of-Use and Interoperability

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, Jan. 29, 2025 (GLOBE NEWSWIRE) — Haivision (TSX:HAI), a leading global provider of mission-critical, real-time video networking and visual collaboration solutions, today announced the availability of the latest software version for Haivision Pro, the versatile video transmitter for low latency live video contribution over cellular networks.

    The new version of Haivision Pro features a completely redesigned and streamlined user interface, leveraging the same award-winning user interface design as the world renowned Makito X4 video encoder. The groundbreaking Haivision Pro is ideally suited for transmitting live video over both public and private 5G networks, and now, with the new interface, provides enhanced usability, ensuring users of any level of technical proficiency can manage and monitor live broadcast video transmissions easily.

    The UI redesign was driven by a commitment to improving ease-of-use for all types of video professionals, including camera operators, field talent, and broadcast engineers. The new browser-based interface aligns with Haivision’s next-generation design framework and pushes the boundaries of the user experience to meet the evolving needs of customers. Both highly functional and visually compelling, the new Haivision Pro user interface simplifies configuration and enables any user to remotely manage live video transmissions with ease and efficiency, even in the high-pressure environments typically associated with major live broadcast events such as tier-one sports or national elections.

    As a world leader in live video contribution over any network, Haivision provides a complete ecosystem of broadcast products that make it possible to get live video feeds from any event to the broadcast production environment, whether on-premises or in the cloud. The Haivision Pro video transmitter is a core component of this broadcast contribution ecosystem, and with this release, now leverages the same user interface framework as other ecosystem products including the Makito X4 video encoder and decoder, Haivision Hub 360 cloud master-control, and the MojoPro mobile camera application. This cross-product consistency fosters greater ease-of-use, reduces training requirements, and enables users to more efficiently manage complex broadcast contribution workflows involving both wired (SRT) and wireless (SST) video streaming.

    Jean-Marc Racine, Chief Product Officer at Haivision, explained the importance of the latest version of the Haivision Pro transmitter:

    “User interface design is at the core of how Haivision develops products. The new Haivision Pro UI is part of our initiative to provide a consistent and enhanced user experience across our ecosystem of broadcast products. With this release, we aim to make it easier to get new users up and running quickly, help all customers increase their operational efficiency, and allow customers with multiple Haivision products to benefit from a more seamless experience across their suite of solutions.”

    In all, the newly designed Haivision Pro user interface, accessible from a web browser, provides numerous benefits, including:

    • Reorganized Navigation: UI elements were reorganized, based on extensive user research, to highlight the most commonly-used functions and streamline workflows.
    • Familiar Experience: Based on a common UI framework, users of Haivision products including the Makito X4 video encoder, will be able to jump into and start using Haivision Pro with minimal training.
    • Confidence Monitoring and At-A-Glance Status: The new dashboard consolidates all critical status information, including preview thumbnails for live video feeds and stream metrics with real-time graphs, into a single, easy-to-access view, allowing users to maintain full control and troubleshoot issues more easily.
    • Versatile Design: The interface adapts seamlessly to any browser and screen, from desktop computer to mobile device, offering a consistent and reliable experience in the facility or on the go.
    • One-Tap Filtering: Quickly locate, access and manage networks based on active, inactive, and other statuses.
    • For Haivision Pro, Air & Rack: In addition, the new user interface is included in all versions of the Haivision Pro series of video transmitters, as well as for the Haivision Air video transmitters and the Haivision Rack video encoders.

    Haivision has always brought a spirit of continuous innovation and customer-centric focus to our development process, which is perfectly exemplified by the redesigned user interface. Whether for live sports, breaking news, or other live events, the new release of the Haivision Pro video transmitter enables users to enhance their video contribution workflows to cover more live events, more easily. For more information on Haivision Pro or to explore the full range of Haivision products, visit www.haivision.com.

    About Haivision
    Haivision is a leading global provider of mission-critical, real-time video networking and visual collaboration solutions. Our connected cloud and intelligent edge technologies enable organizations globally to engage audiences, enhance collaboration, and support decision making. We provide high quality, low latency, secure, and reliable live video at a global scale. Haivision open sourced its award-winning SRT low latency video streaming protocol and founded the SRT Alliance to support its adoption. Awarded four Emmys® for Technology and Engineering from the National Academy of Television Arts and Sciences, Haivision continues to fuel the future of IP video transformation. Founded in 2004, Haivision is headquartered in Montreal and Chicago with offices, sales, and support located throughout the Americas, Europe, and Asia. To learn more, visit Haivision at haivision.com.

    Jennifer Gazin
    514.334.5445 ext 8309
    jgazin@haivision.com

    The MIL Network

  • MIL-OSI: Triller Steals Social Media Spotlight with $50 Million Fundraise

    Source: GlobeNewswire (MIL-OSI)

    Triller Group Inc. (Nasdaq: ILLR) secures its place as a fierce competitor to TikTok, YouTube Shorts, and Instagram Reels with bold innovations, star power, and continued momentum

    Los Angeles, CA, Jan. 29, 2025 (GLOBE NEWSWIRE) — Triller Group Inc. (“Triller” or “the Company”) is making waves in the technology and investor sectors, announcing a $50 million equity funding round secured through a private placement with institutional investors. This investment fuels Triller’s rapid ascent as the next powerhouse in short-form video platforms, further challenging TikTok’s dominance to become the superior platform for creators, users, and collaborators. 

    Backed by global icons like Conor McGregor, The Weeknd, Marshmello, Lil Wayne, and many more, Triller surged into the top five in the “Photo and Video” category of app stores, solidifying its status as a rising star in digital entertainment.

    Supercharging the Creator Revolution

    In addition to enhancing the platform for users, the fundraise enables Triller to accelerate its mission of empowering creators. Triller will unveil cutting-edge AI-driven tools, enhanced live-streaming capabilities, and a revamped video editing suite, providing creators with unmatched opportunities to engage audiences and monetize their content.

    “At Triller, we’re not just building a platform—we’re leading a movement,” said Wing Fai Ng, CEO of Triller Group Inc. “Whether TikTok is banned or not has no bearing on our trajectory. With powerhouses like Conor McGregor and other global icons who champion our vision, we’ve created a platform that is designed to outlast TikTok and any other competitor. We’re not building our business around the failure of others; this seismic shift in social media is only the beginning of what’s to come.”

    Triller: The New Home for Viral Content

    As TikTok faces ongoing challenges and uncertainty, Triller has emerged as the ultimate refuge and frontrunner for displaced influencers and content creators. Triller’s savemytiktoks.com campaign has ushered in waves of creators seeking a U.S.-owned platform free from political and regulatory roadblocks.

    Under the new leadership of former TikTok Executive Sean Kim, Triller is redefining the user experience and what it means to create, distribute and monetize content.

    BKFC & TrillerTV: Entertainment Frontiers Redefined

    Triller isn’t stopping at short-form videos; the Bare-Knuckle Fighting Championship (BKFC) brand reaches over 250 million fans across 60 countries, while TrillerTV is celebrating a decade of streaming success. Upcoming events like Wrestle Kingdom 19 from Tokyo Dome draw millions of viewers and further positions Triller as a multimedia powerhouse.

    Triller’s Future: Poised for Dominance in 2025

    With the fund raise and these developments underway, Triller is poised to become the premier social media hub in 2025, attracting top talent and ensuring long-term growth and success through its transparent and innovative environment.

    Following President Donald Trump’s reelection, Triller Group made a sizeable contribution to the Trump Inaugural Fund, underscoring its dedication to supporting initiatives that resonate with its business values and long-term vision.      

    Navigating the Ship: Investment and Changes to Triller’s Leadership

    Triller Group has also appointed Dr. Roger Kennedy as an non-executive director following a designation by KCP Holdings Limited, the lead investor in this funding round. He will join the board’s audit, remuneration, and nomination committees.

    The private placement consisted of common stock and warrants, with the Company’s shares priced at $2.20 each. This funding round is the first new capital infusion following the AGBA-Triller merger, with an additional fundraise expected later this year.

    This fundraise is a powerful catalyst for Triller Group’s commitment to innovation and growth. With strong backing from our investors and the star power of icons like Conor McGregor, Triller is gearing up to disrupt the digital content landscape like never before. Together with its team, partners, and creators, Triller is creating a platform where ownership, growth, and meaningful monetization are finally within reach.

    For more details, please refer to the Company’s report on Form 8-K filed with the Securities and Exchange Commission on January 29, 2025.

    About Triller Group Inc.         

    Nasdaq: ILLR. Triller Group is a US-based company that operates two main businesses: the newly merged US-based social media operations (Triller Corp.), and the legacy operations of the Company in Hong Kong (“AGBA”).

    Triller Corp. is a next generation, AI-powered, social media and live-streaming event platform for creators. Pairing music culture with sports, fashion, entertainment, and influencers through a 360-degree view of content and technology, Triller Corp. uses proprietary AI technology to push and track content virally to affiliated and non-affiliated sites and networks, enabling them to reach millions of additional users. Triller Corp. additionally owns Triller Sports, Bare-Knuckle Fighting Championship (BKFC); Amplify.ai, a leading machine-learning, AI platform; and TrillerTV, a premier global PPV, AVOD, and SVOD streaming service. For more information, visit www.trillercorp.com

    Established in 1993, AGBA is a leading, multi-channel business platform that incorporates cutting edge machine-learning and offers a broad set of financial services and healthcare products to consumers through a tech-led ecosystem, enabling clients to unlock the choices that best suit their needs. Trusted by over 400,000 individual and corporate customers, the Group is organized into four market-leading businesses: Platform Business, Distribution Business, Healthcare Business, and Fintech Business. For more information, please visit www.agba.com.

    Safe Harbor Statement

    This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the outcome of any legal proceedings that may be instituted against us following the consummation of the business combination; expectations regarding our strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and our ability to invest in growth initiatives and pursue acquisition opportunities; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Hong Kong and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC, the length and severity of the recent coronavirus outbreak, including its impacts across our business and operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

    Investor & Media Relations:

    Bethany Lai
    ir@triller.co

    Breanne Fritcher
    triller@wachsman.com

    # # #

    The MIL Network

  • MIL-OSI: ibex Earns Fifth Great Place to Work® Certification™ in Nicaragua, Recognizing World-Class Workplace Culture and Employee Experience

    Source: GlobeNewswire (MIL-OSI)

    MANAGUA, Nicaragua, Jan. 29, 2025 (GLOBE NEWSWIRE) — ibex (NASDAQ: IBEX), a leading global provider of business process outsourcing (BPO) and AI-powered customer engagement technology solutions, is proud to be Certified™ by Great Place to Work® in Nicaragua for the fifth time overall. This prestigious certification recognizes employers who create an outstanding employee experience and is based entirely on what current employees say about their experience working at ibex.

    The past year has been transformative for ibex Nicaragua, with the business experiencing strong growth. ibex Nicaragua has expanded to more than 2,100 seats and is poised to surpass 2,200 employees. This growth is accompanied by strategic vertical diversification, including ongoing client expansion in the technology sector and new client wins in the utilities, gaming, and waste management sectors.

    “We are proud to earn the Great Place to Work® Certification for the fifth time and continue to grow our amazing team in Nicaragua,” said David Afdahl, Chief Operating Officer at ibex. “ibex’s inclusive and engaging culture is a clear differentiator among BPOs in Nicaragua and around the world. We respect and value diverse backgrounds, experiences, and perspectives, which is critical to unlocking the extraordinary potential across our team to deliver the best customer service. By combining the best talent, training, and technology, we are redefining customer experience.”

    ibex’s success in Nicaragua is rooted in its comprehensive approach to employee development and workplace culture. The company offers modern facilities featuring dedicated learning centers and open collaboration spaces. ibex is also recognized in the region for its positive and supportive work environment, as well as for its competitive compensation and opportunities for employees to advance their careers through training and development programs.

    “This recognition is a powerful affirmation of our incredible team’s passion and unwavering dedication to excellence,” said Henry Bermudez, Senior Vice President of Operations – Nicaragua at ibex. “At ibex, we believe that a better employee experience leads to a better customer experience and we are laser-focused on creating meaningful career opportunities that empower individuals to excel. This certification is a celebration of their hard work and a promise of even greater achievements ahead.”

    With successful operations in Nicaragua, Honduras, and Jamaica, ibex continues to demonstrate its position as a global leader in business process outsourcing in the region. The company remains committed to investing in its people, driving innovation, and creating meaningful opportunities for professional growth.

    About Great Place To Work®

    As the global authority on workplace culture, Great Place To Work brings 30 years of groundbreaking research and data to help every place become a great place to work for all. Their proprietary platform and For All Model helps companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work-Certified or receiving recognition on a coveted Best Workplaces List. Learn more at greatplacetowork.com and follow Great Place To Work on LinkedInTwitterFacebook and Instagram.

    About ibex
    ibex delivers innovative business process outsourcing (BPO), smart digital marketing, online acquisition technology, and end-to-end customer engagement solutions to help companies acquire, engage and retain valuable customers. Today, ibex operates a global CX delivery center model consisting of 31 operations facilities around the world, while deploying next generation technology to drive superior customer experiences for many of the world’s leading companies across retail, e-commerce, healthcare, fintech, utilities and logistics.

    ibex leverages its diverse global team of approximately 31,000 employees together with industry-leading technology, including the AI-powered ibex Wave iX solutions suite, to manage nearly 175 million critical customer interactions, adding over $2.2B in lifetime customer revenue each year and driving a truly differentiated customer experience. To learn more, visit our website at ibex.co and connect with us on LinkedIn.

    Media Contact:
    Dan Burris
    Daniel.Burris@ibex.co

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ed6a537a-d80c-496e-bb61-e4b7bef79c55

    The MIL Network

  • MIL-OSI United Kingdom: Temporary road restrictions for Spectra Festival

    Source: Scotland – City of Aberdeen

    Spectra, Scotland’s Festival of Light, returns to Aberdeen next week (6-9 February 2025) and to safely accommodate the audience and art installations, a number of temporary parking restrictions and road closures will be in place in the city centre.

    Now in its 11th year Spectra will once again see the Granite City’s winter nights illuminated with eye-catching projections, interactive sculptures, and magical installations for all ages from Thursday 6 February until Sunday 11 February.

    Audiences to the free festival can look forward to seeing some of Aberdeen’s most iconic buildings and locations transformed as part of Spectra.  The festival includes a wide-range of supporting activities from stilt walkers to dancers and musicians.

    Councillor Martin Greig, Aberdeen City Council’s Culture spokesperson said: “Spectra is a hugely popular event so Aberdeen City Council is keen to minimise disruption to those who are working, visiting or living near the event sites in the city centre.

    “The temporary traffic restrictions will help keep everyone safe before, during and after the festival. Spectra is a major feature in Scotland’s culture calendar. Over 100,000 people are expected to visit and enjoy the amazing displays. The traffic arrangements also help people to access the festival sites, which makes the experience more attractive and safer for all.”

    Road closures

    The following road closures will be in place:

    From 11.50pm on Sunday 2 February until 11.59pm on Tuesday 11 February 2025:

    • Broad Street from Queen Street to Upperkirkgate.

    From 3.45pm until 11pm on Thursday 6 February, Friday 7 February, Saturday 8 February and Sunday 9 February:

    • Union Terrace from Union Street to Rosemount Viaduct.
    • Rosemount Viaduct from Skene Street to Blackfriars Street.
    • Blackfriars Street and St Andrew Street from Schoohill to Charlotte Street.
    • Schoolhill including Pocket Park from Blackfriars Street to Upperkirkgate.
    • Harriet Street from Schoolhill to Loch Street.
    • Back Wynd from Schoolhill to Gaelic Lane.
    • Upperkirkgate/Gallowgate from Schoolhill to Gallowgate/Littlejohn Street.
    • Queen Street from Broad Street to Shoe Lane.
    • Broad Street from Queen Street to Union Street.
    • Netherkirkgate from Broad Street to St Catherine’s Wynd.

    Parking restrictions

    The following parking restrictions will be in place from 11pm on Wednesday 5 February until 11.59pm on Sunday 9 February 2025:

    • Schoolhill including Pocket Park the full length of Schoolhill.
    • St Catherine’s Wynd from Netherkirkgate to Union Street.
    • Upperkirkgate from Flourmill Lane to Broad Street.
    • Back Wynd from Schoolhill to Gaelic Lane.
    • Union Terrace from Union Street to Rosemount Viaduct.
    • Littlejohn Street (Accessible parking only) from Gallowgate to West North Street.
    • Queen Street (Accessible parking only) from Broad Street.

    Maps have been created for road users ahead of the festival to show the diversions and to highlight alternative city centre northbound and southbound routes.

    More information on how to plan your journey, the full festival programme and details of special offers can be found at www.spectrafestival.com

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: Speech by CE at 2025 International Chinese New Year Night Parade (with photos)

    Source: Hong Kong Government special administrative region

         Following is the speech by the Chief Executive, Mr John Lee, at the 2025 International Chinese New Year Night Parade tonight (January 29):

    (Cantonese)
     
    ��嘉賓���市民:
     
      今日是乙巳蛇年大年�一,我首先和大家拜年,���新一年身體�康��事���
     
      我很高興今晚跟��市民和來自海內外的旅客,一起歡�在璀璨奪目的維多利亞港地標,�與一年一度由香港旅�發展局舉辦的「新春國際匯演之夜�。
     
      今年匯演的主題是「如�新春 喜樂連連�,由�架�入了節慶和香港地�元素的特色花車,連�來自香港�內地和世界�地的表演隊�,一共55個表演團體組�。「新春國際匯演之夜�是香港在�年新春期間的首項盛事,展�香港作為盛事之都的澎湃活力,將新年的喜悅和��帶給�場�一�朋�,並��電視和網上直播傳�給全�觀眾。
     
      去年,訪港旅客數字接近4 500�,按年大�超�三�,香港市�更添熱鬧。新一年,香港會繼續好事連連�喜樂連連���連連,譜寫更多香港好故事�

      �蛇�瑞�滿城。蛇象徵堅韌機智�蛻變�新,寓�新一年香港�象更新,�活識變。我�願香港在蛇年�榮昌盛,百業興旺,大家幸��康,生活美滿� 我�在用普通話歡迎內地的朋�。
     
    (Putonghua)
     
      ��朋�,大家新年好�我代表香港特別行政�政府,歡迎��在香港共慶春節,��大家蛇年�祥�身體�康�
     
      今年是國家申報的「春節——中國人慶ç¥�傳統新年的社會實è¸�ã€�,列入è�¯å�ˆåœ‹æ•™ç§‘文組織「é�žé�ºä»£è¡¨ä½œå��錄ã€�的第一個春節,為節慶活動更添姿彩。
     
      香港是全�慶�春節氣氛最濃厚的地方之一,今晚的匯演更是香港在蛇年的第一項盛事。今晚的主題是「如�新春 喜樂連連�,特色花車與來自香港�內地和世界�地的隊�,將為大家呈��麗繽紛的匯演,�全世界展�香港這個盛事之都的無�活力�
     
      香港全年「盛事連連�,新春慶�活動精彩紛呈。今晚演出後,花車和匯演將轉到大埔林�許願廣場,讓大家�許願樹祈願的�時,更�以跟花車「打��。明天大年�二晚上,維港兩岸將上演煙花匯演,加上大年�三的新年賽馬日�大年�四的足�賀歲盃,以�全港����特色的節慶活動,��玩樂,應有盡有�我邀請大家新春�期在香港多留幾天,體驗春節在這個國際都會的「正確打開方��,享�香港的�特魅力和特色景點,「沉浸��感�連連的喜樂和��。�在我用英語歡迎從外國來的朋�。
     
      Let me now say a few words in English to welcome our friends from different parts of the world. Hello, Hong Kong! Hello, friends from different parts of the world!
       
      Welcome to the annual Hong Kong International Chinese New Year Night Parade, on this, the first fabulous day of the Chinese New Year – the Year of the Snake.
       
      There’s no better way, anywhere on earth, to welcome in the New Year than by following – and revelling in – Hong Kong’s magnificent Chinese New Year Night Parade.
       
      This year’s celebration is led by 55 performing groups and floats from 14 countries and regions. Here in the world city of Hong Kong, to dance, sing and perform, skip, juggle, cheerlead and otherwise amaze and delight you, on this most auspicious of days.
       
      And the Night Parade is just the start of our New Year’s festivities. Tomorrow night, a 23-minute fireworks display will light up our world-renowned Victoria Harbour. Our sky will be filled with auspicious symbols, as well as adorable pandas – showcasing Hong Kong’s giant panda family, now counting six and readying for their first full public appearance at the same time in mid-February.
       
      And, alongside the horses at Chinese New Year Raceday, in Sha Tin on January 31, you’ll want to catch the lions – and lion dancers – on show, part of a fun-filled day at the track.
       
      The Night Parade floats you see tonight, together with some of our performers, will find their way to Lam Tsuen, from tomorrow night, for the Hong Kong Well-wishing Festival. This year, the floats are on display there until February 13.
       
      Only in Hong Kong, the world’s East-meets-West centre for cultural exchange – and day-and-night entertainment. All around town, you’ll be greeted by the magnificent spectacle of our festivities, and the warm hospitality of the people of Hong Kong, as we share the joy of the New Year with all of you.
       
      I wish you all a happy, healthy and eventful Year of the Snake. Kung Hei Fat Choi! Thank you and enjoy the evening.
       
    (Cantonese/Putonghua)
     
      å†�次歡迎大家,共å�Œåˆ†äº«ä»Šæ™šçš„æ­¡æ¨‚時刻。         

    MIL OSI Asia Pacific News

  • MIL-OSI: Asset Entities Passes Milestone of 9,000 Members on its TikTok Shop Creator Discord Community

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, Jan. 29, 2025 (GLOBE NEWSWIRE) — Asset Entities Inc. (“Asset Entities” or the “Company”) (NASDAQ: ASST), a provider of digital marketing and content delivery services across Discord and other social media platforms, and a Ternary Payment Platform company, today announced it has passed a total of 9,000 Members on its TikTok Shop Creator Discord community within their ecosystem.

    Asset Entities announced that it had become an official TikTok Shop partner on December 11, 2024. The partnership with TikTok Shop brought Asset Entities to the forefront in signing up creators, executing campaigns with brands, connecting creators with products to sell, and utilizing the TikTok platform. Just over 30 days after announcing this pivotal partnership with TikTok Shop, the Company has now exceeded the milestone of 9,000 members on its creator community who are learning how to use TikTok Shop through the Company’s platform. This incredible achievement allows Asset Entities to collaborate with more brands simultaneously, while also increasing the GMV (Gross Merchandise Value) for brands. The TikTok Shop creators earn commissions by producing UGC content featuring products, and brands that benefit from increased revenue, as more content is shared and sales are driven by content. As a TAP (or TikTok Affiliate), Asset Entities receives a fixed negotiated commission on each sale the creators make for the brands. Increasing the TikTok shop creator community has a strong correlation with higher GMV potential for brands, thus bringing more potential revenue to the Company.

    We are excited to highlight one of our members, Kimberly, who generated over $195,000 in GMV to the brands for which she produces content, earning a commission payout of over $35,000. This is just one creator of the more than 9,000 members in our ecosystem utilizing the power of TikTok Shop and the education provided in the Company’s digital community. Kimberly works with many of the brands that are connected with Asset Entities, and we are excited for more creators in our ecosystem to see similar success.

    Image: Analytic Screenshot sent in by Kimberly within the discord community teaching our members how to grow and make money using TikTok Shop. Source: Asset Entities

    “As more brands start to realize the importance of UGC content, Asset Entities has positioned itself with its recent acquisition and through becoming an official partner of TikTok Shop to seek out additional brands for our ecosystem to increase their sales on the ever-growing market on TikTok. We are excited to see the growth in our TikTok creator numbers as we expand marketing efforts,” commented Asset Entities’ Chief Executive Officer, Arshia Sarkhani.

    To learn about Asset Entities, please go to www.assetentities.com. To learn about the Ternary payment platform, please go to www.ternarydev.com. To learn about Asset Entities 360 suite of discord services, go to https://www.ae360ddm.com/ and https://discord.gg/ae360ddm.

    About Asset Entities, Inc. 

    Asset Entities Inc. is a technology company providing social media marketing, management, and content delivery across Discord, TikTok, Instagram, X (formerly Twitter), YouTube, and other social media platforms. Asset Entities is believed to be the first publicly traded Company based on the Discord platform, where it hosts some of Discord’s largest social community-based education and entertainment servers. The Company’s AE.360.DDM suite of services is believed to be the first of its kind for the Design, Development, and Management of Discord community servers. Asset Entities’ initial AE.360.DDM customers have included businesses and celebrities. The Company also has its Ternary payment platform that is a Stripe-verified partner and CRM for Discord communities. The Company’s Social Influencer Network (SiN) service offers white-label marketing, content creation, content management, TikTok promotions, and TikTok consulting to clients in all industries and markets. The Company’s SiN influencers can increase the social media reach of client Discord servers and drives traffic to their businesses. Learn more at assetentities.com, and follow the Company on X at $ASST and @assetentities.

    Important Cautions Regarding Forward-Looking Statements

    This press release contains forward-looking statements. In addition, from time to time, representatives of the Company may make forward-looking statements orally or in writing. These forward-looking statements are based on expectations and projections about future events, which are derived from the information currently available to the Company. Such forward-looking statements relate to future events or the Company’s future performance, including its financial performance and projections, growth in revenue and earnings, and business prospects and opportunities. Forward-looking statements can be identified by those statements that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors including those that are described in the section titled “Risk Factors” in the Company’s periodic reports which are filed with the Securities and Exchange Commission. These and other factors may cause the Company’s actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.

    Company Contacts:

    Arshia Sarkhani, President and Chief Executive Officer
    Michael Gaubert, Executive Chairman
    Asset Entities Inc.
    Tel +1 (214) 459-3117 
    Email Contact

    Investor Contact:

    Skyline Corporate Communications Group, LLC
    Scott Powell, President
    1177 Avenue of the Americas, 5th Floor
    New York, NY 10036
    Office: (646) 893-5835
    Email: info@skylineccg.com

    A photo accompanying this announcement is available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/9dfd2c85-c5c2-4aea-840d-0bcdac04cecc

    The MIL Network

  • MIL-OSI: GCM Grosvenor to Present at the Bank of America Securities Financial Services Conference on February 12, 2025

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Jan. 29, 2025 (GLOBE NEWSWIRE) — GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, will present at the Bank of America Securities Financial Services Conference on Wednesday, February 12, 2025, at 2:40 p.m. ET.  

    A link to the live audio webcast of the presentation is available on GCM Grosvenor’s public shareholders website and the event website. For those unable to listen to the live audio webcast, a replay will be available within 24 hours after the conclusion of the live event. 

    About GCM Grosvenor 
    GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $80 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm has specialized in alternatives for more than 50 years and is dedicated to delivering value for clients by leveraging its cross-asset class and flexible investment platform. GCM Grosvenor’s experienced team of approximately 550 professionals serves a global client base of institutional and individual investors. The firm is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul and Sydney. For more information, visit: gcmgrosvenor.com

    Source: GCM Grosvenor  

    Public Shareholders Contact 
    Stacie Selinger 
    sselinger@gcmlp.com 
    312-506-6583 

    Media Contact 
    Tom Johnson and Abigail Ruck
    H/Advisors Abernathy 
    tom.johnson@h-advisors.global / abigail.ruck@h-advisors.global 
    212-371-5999 

    The MIL Network

  • MIL-OSI USA: Governor Newsom announces appointments 1.28.25

    Source: US State of California 2

    Jan 28, 2025

    SACRAMENTO – Governor Gavin Newsom today announced the following appointments:

    Deborah Hoffman, of Sacramento, has been appointed Chief Deputy Director at the Office of Tax Appeals. Hoffman has been Special Advisor at the California Department of Veterans Affairs since 2020, where she was previously Senior Advisor for Communications from 2019 to 2020. She was Undersecretary of the California Business, Consumer Services, and Housing Agency from 2017 to 2019. Hoffman was Deputy Press Secretary in the Office of Governor Brown from 2015 to 2017. She was Assistant Secretary of Public and Employee Communications at the California Department of Corrections from 2012 to 2015. Hoffman was Deputy Secretary of Communications and External Affairs at the California Environmental Protection Agency from 2011 to 2012. She was Communications Director and Policy Consultant in the Office of Senator Fran Pavley from 2009 to 2011. Hoffman was a Reporter at KXTV ABC10 News Sacramento from 1995 to 2009. She earned a Bachelor of Arts degree in Journalism from California State University, Northridge. This position does not require Senate confirmation, and the compensation is $187,104. Hoffman is registered without party preference.

    Krista Dunzweiler, of Sacramento, has been appointed Chief Deputy General Counsel in the Office of Legal Affairs at the Department of Corrections and Rehabilitation, where she has been Chief Deputy General Counsel since 2019. Dunzweiler held several positions at the California Department of Justice from 2014 to 2019 including Deputy Attorney General IV and Deputy Attorney General III. She was an Associate at Locke Lord LLP from 2011 to 2014, Bullivant Houser Bailey from 2008 to 2011, Diepenbrock Harrison from 2006 to 2008, and at Weinstraub Genshlea Chediak from 2004 to 2006. Dunzweiler earned a Juris Doctor degree from the University of the Pacific, McGeorge School of Law, and a Master of Arts degree in Communications and a Bachelor of Arts degree in History and Psychology from the University of the Pacific. This position does not require Senate confirmation, and the compensation is $229,236. Dunzweiler is a Democrat.

    Todd Gloria, of San Diego, has been appointed to the California Air Resources Board. Gloria has been the Mayor of the City of San Diego since 2020. He was an Assemblymember with the California State Assembly from 2016 to 2020. Gloria was a Councilmember, District 3 in the City of San Diego from 2008 to 2016. He was a District Director in the Office of Congresswoman Susan A. Davis from 2001 to 2008. Gloria was a San Diego Housing Commissioner on the San Diego Housing Commission from 2005 to 2008. He was Board Chair at San Diego LGBT Community Center from 2002 to 2007. Gloria earned his Bachelor of the Arts degree in Political Science and History from the University of San Diego. This position requires Senate confirmation, and the compensation is $100 per diem. Gloria is a Democrat.

    Roxanne Messina Captor, of Redondo Beach, has been reappointed to the California Arts Council, where she has been serving since 2022. Captor has been Associate Faculty at Santa Monica College since 1986, an Emmy-nominated Filmmaker at Messina Captor Films Inc. since 1994, and a teacher at the New York Film Academy since 2022. She was a Faculty Member at Emerson College LA and CalArts from 2000 to 2019. Captor was Executive Director for the San Francisco International Film Festival and Society from 2001 to 2006. She is a member of the Academy of Television Arts and Sciences, Who’s Who of America, Greenlight Women, and the National Association of Television Program Executives. Captor earned a Master of Fine Arts degree in Directing for Cinema from Columbia College of Chicago and a Bachelor of Fine Arts degree in Theatre Arts from Julliard School of Music. This position requires Senate confirmation, and the compensation is $100 per diem. Captor is a Democrat.

    Press Releases, Recent News

    Recent news

    News What you need to know: Governor Newsom met today with leaders of the Pacific Palisades synagogue Kehillat Israel, which still stands after the fire. Los Angeles, California – Today, Governor Gavin Newsom met with clergy, staff, and board members of Kehillat…

    News Dodgers Chairman Mark Walter, Mark Walter Family Foundation, and Los Angeles Dodgers Foundation will provide an initial commitment of up to $100 million   LA Rises will support city and county efforts to help accelerate recovery LOS ANGELES — In the wake of one…

    News LOS ANGELES — Scientists, water managers, state leaders, and experts throughout the state are calling out the federal administration’s ongoing misinformation campaign on water management in California. Here is a snapshot of what water leaders and media are saying…

    MIL OSI USA News

  • MIL-OSI Europe: Press release – Holocaust Remembrance Day: a story dedicated to its six million victims

    Source: European Parliament 3

    On Wednesday, Corrie Hermann, daughter of cellist and Holocaust victim Pál Hermann, addressed MEPs in a plenary session marking International Holocaust Remembrance Day

    President Roberta Metsola opened the ceremony, which also marked the 80th anniversary of the liberation of the Auschwitz-Birkenau concentration camp on 27 January.

    “We can never forget, and we must act. Ours is the last generation to have the privilege of knowing Holocaust survivors, and hearing their stories first-hand. Their voices, their courage, their memories are a bridge to a past that must never be forgotten. Because even after the horrors of the Holocaust, antisemitism did not disappear. It persisted. It evolved.

    Memory is a duty. A responsibility to ensure that “never again” is not an empty promise.

    This European Parliament will always remember. And we will always speak up – just as our first woman President Simone Veil, herself a survivor, taught us to do. Her legacy reminds us that neutrality helps only the oppressor, never the victim. This Parliament will always stand for dignity. For hope. For humanity”, she said. President Metsola’s speech was followed by a musical performance featuring Hermann’s original Gagliano cello.

    In her address Corrie Hermann shared the story of how her father, Hungarian composer and cellist Pál Hermann, considered as one of the finest cellists of his time, was murdered by the Nazis in 1944. “This story about one Holocaust victim is dedicated to every one of the six million victims whom we deplore today”, she said.

    Ms Hermann recounted her father’s life as a musician, from his education at the Franz Liszt Academy in Budapest to performing on Europe’s most prestigious stages. After fleeing to Belgium and France, he was arrested in Toulouse in a street raid in April 1944, and transported to Drancy the camp near Paris from where the transports for the concentration camps departed. From there he was deported to the Kaunas concentration camp in Lithuania. While the train was waiting at the station, he managed to throw a note from the train, asking for his Gagliano cello to be saved. The note was found and sent to his brother-in-law, who replaced the Gagliano with a lesser instrument and escaped with the cello strapped to his back. “We don’t know what happened next, but only a handful of the 900 prisoners returned after the war,” she recalled.

    Despite his tragic fate, Hermann’s music continues to inspire people across the world. Over 80 years after his death, his Gagliano cello was rediscovered and his compositions have been performed by renowned international artists. “Hitler burned books, destroyed paintings, and murdered millions; but music is invincible,” Corrie Hermann said.

    Following the speech, MEPs observed a minute’s silence. The ceremony ended with a musical performance of “Kaddish” by Maurice Ravel.

    Watch the ceremony here.

    About Pál and Corrie Hermann

    Pál Hermann, born on 27 March 1902 in Budapest, was a renowned Hungarian cellist and composer. During the 1920s, he moved to Berlin and performed across Europe on his Gagliano cello. In 1933, Hermann fled to Belgium and later to France. Arrested by the Nazis in Toulouse in 1944, Hermann was then murdered by the Nazis in Lithuania months later.

    Corrie (Cornelia) Hermann, born in Amersfoort (The Netherlands) on 4 August 1932, is a retired doctor and former politician. In 1996, she founded the Paul Hermann Fund to support young professional cellists.

    MIL OSI Europe News

  • MIL-OSI: Hanover Bancorp, Inc. Reports 2024 Full Year And Fourth Quarter Results Highlighted by Fourth Quarter Robust Margin Expansion and Record Non-interest Income

    Source: GlobeNewswire (MIL-OSI)

    Fourth Quarter Performance Highlights

    • Net Income: Net income for the quarter ended December 31, 2024 totaled $3.9 million or $0.52 per diluted share (including Series A preferred shares).
    • Record Non-interest Income: The Company reported record non-interest income of $4.2 million for the quarter ended December 31, 2024, an increase of $0.2 million or 5.89% from the quarter ended September 30, 2024 and $0.9 million or 28.67% from the quarter ended December 31, 2023.
    • Net Interest Income: Net interest income was $13.8 million for the quarter ended December 31, 2024, an increase of $0.7 million or 5.39% from the quarter ended September 30, 2024 and $1.1 million, or 9.08% from the quarter ended December 31, 2023.
    • Net Interest Margin: The Company’s net interest margin during the quarter ended December 31, 2024 increased to 2.53% from 2.37% in the quarter ended September 30, 2024 and 2.40% in the quarter ended December 31, 2023.
    • Strong Liquidity Position: At December 31, 2024, undrawn liquidity sources, which include cash and unencumbered securities and secured and unsecured funding capacity, totaled $713.1 million, or approximately 283% of uninsured deposit balances.
    • Deposit Activity: Core deposits, consisting of Demand, NOW, Savings and Money Market, increased $3.1 million or 0.84% annualized from September 30, 2024 and $74.1 million or 5.36% from December 31, 2023. Demand deposits increased $5.3 million or 10.33% annualized from September 30, 2024 and $3.9 million or 1.86% from December 31, 2023. Total deposits increased $49.7 million or 2.61% from December 31, 2023. Insured and collateralized deposits, which include municipal deposits, accounted for approximately 87% of total deposits at December 31, 2024.
    • Loan Diversification Strategy: The continued success in loan diversification resulted in C&I loans increasing by $61.0 million, or 56.52%, year over year, increasing to 8.51% of total loans at December 31, 2024. In addition, the commercial real estate concentration ratio improved, declining from 432% of capital at December 31, 2023 to 385% of capital at December 31, 2024. The Company continues to focus loan growth primarily in residential loan products originated for sale to specific buyers in the secondary market, C&I and SBA loans, which strategically enhances our management of liquidity and capital while producing additional non-interest income.
    • Asset Quality: At December 31, 2024, the Bank’s asset quality remained solid with non-performing loans totaling $16.4 million, representing 0.82% of the total loan portfolio, while the allowance for credit losses was 1.15% of total loans. Loans secured by office space accounted for 2.45% of the total loan portfolio with a total balance of $48.7 million, of which less than 1% is located in Manhattan.
    • Banking Initiatives: At December 31, 2024, the Company’s banking initiatives reflected continuing momentum:
      • SBA & USDA Banking: Gains on sale of SBA loans totaled $2.5 million for the quarter ended December 31, 2024, representing a 9.76% increase over the comparable 2023 quarter. Total SBA loans sold were $30.9 million for the quarter ended December 31, 2024, representing a 3.98% increase over the comparable 2023 quarter. Premiums earned on the sale of SBA loans increased to 9.06% for the quarter ended December 31, 2024 from 8.26% for the quarter ended December 31, 2023.
      • C&I Banking/Hauppauge Business Banking Center: The C&I Banking Team and the Hauppauge Business Banking Center increased deposits to $96.4 million as of December 31, 2024 from $44.9 million at December 31, 2023. This growth has continued since year end, with these deposits reaching $104 million at January 27, 2025. Loan originations tied to this office were $33.5 million during the fourth quarter of 2024 and $88.4 million for the full year. Momentum continues to build with deposit and C&I loan pipelines related to this office of $43 million and $112 million, respectively.
      • Residential Lending: The Bank continues to originate loans for its portfolio and for sale in the secondary market under its recently developed flow origination program. Of the $26.1 million in closed loans originated in the quarter ended December 31, 2024, $11.7 million were originated for the Bank’s portfolio and reflected a weighted average yield of 6.88% before origination and other fees, which average 50-100 bps per loan, and a weighted average LTV of 62%. The remaining $14.4 million of closed loans were originated for sale in the secondary market. Under this program, the Bank produced total gains of $0.5 million and a resulting premium of 2.42% in the fourth quarter of 2024.
    • Technology: The Company expects to complete a core processing system conversion from its existing provider to FIS Horizon on or about February 15, 2025. This conversion is expected to deliver immediate and tangible benefits to the Bank’s operations and customers, offering material improvements in user interfaces, functionality and efficiency that will better support our commitment to a digital forward future on better financial terms.
    • Tangible Book Value Per Share: Tangible book value per share (including Series A preferred shares) was $23.86 at December 31, 2024, an increase of 9.97% annualized from $23.28 at September 30, 2024 and 6.00% from $22.51 at December 31, 2023.
    • Quarterly Cash Dividend: The Company’s Board of Directors approved a $0.10 per share cash dividend on both common and Series A preferred shares payable on February 19, 2025 to stockholders of record on February 12, 2025.

    MINEOLA, N.Y., Jan. 29, 2025 (GLOBE NEWSWIRE) — Hanover Bancorp, Inc. (“Hanover” or “the Company” – NASDAQ: HNVR), the holding company for Hanover Community Bank (“the Bank”), today reported results for the quarter and year ended December 31, 2024 and the declaration of a $0.10 per share cash dividend on both common and Series A preferred shares payable on February 19, 2025 to stockholders of record on February 12, 2025.

    Earnings Summary for the Quarter Ended December 31, 2024

    The Company reported net income for the quarter ended December 31, 2024 of $3.9 million or $0.52 per diluted share (including Series A preferred shares), versus $3.8 million or $0.51 per diluted share (including Series A preferred shares) in the quarter ended December 31, 2023. Returns on average assets, average stockholders’ equity and average tangible equity were 0.70%, 7.98% and 8.87%, respectively, for the quarter ended December 31, 2024, versus 0.69%, 8.10% and 9.06%, respectively, for the comparable quarter of 2023.

    While net interest income and non-interest income increased during the quarter ended December 31, 2024 compared to the quarter ended December 31, 2023, these gains were partially offset by an increase in non-interest expenses, particularly compensation and benefits. The increase in non-interest income is primarily related to the increases in the gain on sale of loans held-for-sale and loan servicing and fee income. This increase is reflective of the strengthening of secondary market premiums in connection with sales of SBA loans and the gains on the recently developed residential loan flow program. The increase in compensation and benefits expense in the fourth quarter of 2024 versus the comparable 2023 quarter was primarily related to lower deferred loan origination costs that were offset by lower incentive compensation expense resulting from reduced lending activity.

    Net interest income was $13.8 million for the quarter ended December 31, 2024, an increase of $1.1 million, or 9.08%, versus the comparable 2023 quarter due to improvement of the Company’s net interest margin to 2.53% in the 2024 quarter from 2.40% in the comparable 2023 quarter. The yield on interest earning assets increased to 6.06% in the 2024 quarter from 5.91% in the comparable 2023 quarter, an increase of 15 basis points that was partially offset by a 5 basis point increase in the cost of interest-bearing liabilities to 4.24% in 2024 from 4.19% in the fourth quarter of 2023. The increase in the net interest margin was a result of the recent reductions in the Fed Funds effective rate and the liability sensitive nature of the Bank’s balance sheet.

    Earnings Summary for the Year Ended December 31, 2024

    For the year ended December 31, 2024, the Company reported net income of $12.3 million or $1.66 per diluted share (including Series A preferred shares), versus $13.6 million or $1.84 per diluted share (including Series A preferred shares) a year ago.

    The decrease in net income recorded for the year ended December 31, 2024 from the comparable 2023 period resulted from an increase in the provision for credit losses and an increase in non-interest expense, which were partially offset by an increase in non-interest income. The year-over-year increase in the provision for credit losses was primarily related to the recording of a $4.0 million provision for credit losses in the June 2024 quarter that was mainly attributable to an ACL on an individually evaluated loan of $2.5 million and $1.1 million related to ongoing enhancements to the CECL model. The increase in non-interest income is primarily related to the increases in the gain on sale of loans held-for-sale and loan servicing and fee income which were partially offset by a decrease in other operating income. In September 2023, the Company settled ongoing litigation and received a settlement payment of $975 thousand which was recorded in other operating income. The increase in non-interest expense was primarily attributed to additional staff for the SBA, C&I Banking and Operations teams. The Company’s effective tax rate decreased to 24.62% for the year ended December 31, 2024 from 25.85% in the comparable 2023 period.

    Net interest income was $53.1 million for the year ended December 31, 2024, an increase of $1.2 million, or 2.32% from the comparable 2023 period. The Company’s net interest margin was 2.44% in 2024 and 2.59% in 2023. The yield on interest earning assets increased to 6.12% in 2024 from 5.67% in 2023, an increase of 45 basis points that was offset by a 72 basis point increase in the cost of interest-bearing liabilities to 4.40% in 2024 from 3.68% in 2023 due to the rapid and significant rise in market interest rates.

    Our imminent core system conversion is expected to position us to compete more effectively across all lines of business, as customers expect greater convenience and technological capabilities, and will enable the Bank to realize operational efficiencies while maximizing our customer appeal. The substantial improvement in features and functionality expected with the conversion will be achieved on better financial terms than under our current system, enabling us to realize a material gain in performance with no adverse impact to operating expenses.

    Michael P. Puorro, Chairman and Chief Executive Officer, commented on the Company’s quarterly results: “We are pleased with fourth-quarter results. Notable increases in net interest margin, tangible book value, returns on average assets and average tangible equity complemented further improvement in our CRE concentration ratio and sound credit quality, bringing 2024 to a well-rounded conclusion. Building on this momentum, we enter 2025 with strong loan and deposit pipelines across our critical verticals, including C&I, SBA and Residential Banking and the benefit of diversified income streams. Ongoing performance will be enhanced by our pending core system conversion, which will deliver tangible operational efficiencies and customer benefits, and could be positively impacted by further Federal Open Market Committee (“FOMC”) rate decreases, an improved yield curve, a favorable banking environment and potential qualification for the Russell 2000, which would increase institutional ownership and enhance the liquidity of our stock. We continue to focus on scaling our key verticals while maintaining prudent expense management, which we believe will increase shareholder value through enhanced performance.”

    Balance Sheet Highlights

    Total assets at December 31, 2024 were $2.31 billion versus $2.27 billion at December 31, 2023. Total securities available for sale at December 31, 2024 were $83.8 million, an increase of $22.3 million from December 31, 2023, primarily driven by growth in U.S. Treasury securities, corporate bonds and mortgage-backed securities.

    Total deposits at December 31, 2024 were $1.95 billion, an increase of $49.7 million or 2.61%, compared to $1.90 billion at December 31, 2023. Our loan to deposit ratio was 102% at December 31, 2024 and 103% at December 31, 2023.

    The Company had $509.3 million in total municipal deposits at December 31, 2024, at a weighted average rate of 3.72% versus $528.1 million at a weighted average rate of 4.62% at December 31, 2023. The Company’s municipal deposit program is built on long-standing relationships developed in the local marketplace. This core deposit business will continue to provide a stable source of funding for the Company’s lending products at costs lower than those of consumer deposits and market-based borrowings. The Company continues to broaden its municipal deposit base and currently services 39 customer relationships.

    Total borrowings at December 31, 2024 were $107.8 million, with a weighted average rate and term of 4.11% and 23 months, respectively. At December 31, 2024 and 2023, the Company had $107.8 million and $126.7 million, respectively, of term FHLB advances outstanding. The Company had no FHLB overnight borrowings outstanding at December 31, 2024 and 2023. At December 31, 2024 the Company had no borrowings outstanding from the Federal Reserve’s Paycheck Protection Program Liquidity Facility (“PPPLF”), while at December 31, 2023 the Company had $2.3 million in borrowings from the PPPLF. The Company had no borrowings outstanding under lines of credit with correspondent banks at December 31, 2024 and 2023.

    Stockholders’ equity was $196.6 million at December 31, 2024 compared to $184.8 million at December 31, 2023. The $11.8 million increase was primarily due to an increase of $9.4 million in retained earnings and a decrease of $1.1 million in accumulated other comprehensive loss. The increase in retained earnings was due primarily to net income of $12.3 million for the year ended December 31, 2024, which was offset by $2.9 million of dividends declared. The accumulated other comprehensive loss at December 31, 2024 was 0.68% of total equity and was comprised of a $1.0 million after tax net unrealized loss on the investment portfolio and a $0.3 million after tax net unrealized loss on derivatives.

    Loan Portfolio

    For the year ended December 31, 2024, the Bank’s loan portfolio grew to $1.99 billion, an increase of $28.3 million or 1.45%. Growth was concentrated primarily in residential, SBA and C&I loans. At December 31, 2024, the Company’s residential loan portfolio (including home equity) amounted to $729.3 million, with an average loan balance of $483 thousand and a weighted average loan-to-value ratio of 57%. Commercial real estate and multifamily loans totaled $1.09 billion at December 31, 2024, with an average loan balance of $1.5 million and a weighted average loan-to-value ratio of 59%. As will be discussed below, approximately 37% of the multifamily portfolio is subject to rent regulation. The Company’s commercial real estate concentration ratio continued to improve, decreasing to 385% of capital at December 31, 2024 from 432% of capital at December 31, 2023, with loans secured by office space accounting for 2.45% of the total loan portfolio and totaling $48.7 million. The Company’s loan pipeline with executed term sheets at December 31, 2024 is approximately $237 million, with approximately 89% being niche-residential, conventional C&I and SBA & USDA lending opportunities.

    The Bank’s investments in diversification continue to deliver results, with the volume of SBA & USDA loans originated for sale and the volume of residential loans originated for sale sustaining momentum. During the quarter ended December 31, 2024, the Company sold $19.1 million of residential loans under this program and recorded gains on sale of loans held-for-sale of $0.5 million. During the quarters ended December 31, 2024 and 2023, the Company sold approximately $30.9 million and $29.7 million, respectively, in the government guaranteed portion of SBA loans and recorded gains on sale of loans held-for-sale of $2.5 million and $2.3 million, respectively. We expect the volume of activity to increase in 2025. Because we continue to prioritize the management of liquidity and capital, new business development with respect to residential and SBA & USDA lending is largely focused on originations for sale over portfolio growth. Conversely, portfolio growth is the primary focus of our C&I Banking initiative, which continues to drive deposit and loan growth at our Hauppauge Business Banking Center and will expand with the pending launch of our Port Jefferson branch.

    Commercial Real Estate Statistics

    A significant portion of the Bank’s commercial real estate portfolio consists of loans secured by Multi-Family and CRE-Investor owned real estate that are predominantly subject to fixed interest rates for an initial period of 5 years. The Bank’s exposure to Land/Construction loans is minor at $13.5 million, all at floating interest rates, and CRE-owner occupied loans have a mix of floating rates. As shown below, 23% of the loan balances in these combined portfolios will mature in 2025 and 2026, with another 55% maturing in 2027.

    Multi-Family Market Rent Portfolio Fixed Rate Reset/Maturity Schedule   Multi-Family Stabilized Rent Portfolio Fixed Rate Reset/Maturity Schedule
    Calendar Period   # Loans   Total O/S ($000’s omitted)   Avg O/S ($000’s omitted)   Avg Interest Rate   Calendar Period   # Loans   Total O/S ($000’s omitted)   Avg O/S ($000’s omitted)   Avg Interest Rate
                                                     
    2025   10   $ 16,416   $ 1,642   4.30 %   2025   14   $ 19,527   $ 1,395   4.82 %
    2026   36     118,503     3,292   3.66 %   2026   20     42,901     2,145   3.67 %
    2027   71     176,490     2,486   4.30 %   2027   53     124,773     2,354   4.22 %
    2028   18     29,858     1,659   6.15 %   2028   12     10,221     852   7.14 %
    2029   6     4,957     826   7.70 %   2029   4     4,346     1,087   6.38 %
    2030+   2     639     320   4.47 %   2030+   4     1,169     292   5.41 %
    Fixed Rate   143     346,863     2,426   4.29 %   Fixed Rate   107     202,937     1,897   4.36 %
    Floating Rate   3     716     239   9.22 %   Floating Rate             %
    Total   146   $ 347,579   $ 2,381   4.30 %   Total   107   $ 202,937   $ 1,897   4.36 %
    CRE Investor Portfolio Fixed Rate Reset/Maturity Schedule
    Calendar Period   # Loans   Total O/S ($000’s omitted)   Avg O/S ($000’s omitted)   Avg Interest Rate
                           
    2025   30   $ 23,439   $ 781   6.12 %
    2026   33     44,679     1,354   4.87 %
    2027   90     163,358     1,815   5.03 %
    2028   30     31,803     1,060   6.63 %
    2029   4     2,378     595   7.03 %
    2030+   12     5,745     479   6.24 %
    Fixed Rate   199     271,402     1,364   5.33 %
    Floating Rate   10     27,103     2,710   8.95 %
    Total CRE-Inv.   209   $ 298,505   $ 1,428   5.66 %


    Rental breakdown of Multi-Family portfolio

    The table below segments our portfolio of loans secured by Multi-Family properties based on rental terms and location. As shown below, 63% of the combined portfolio is secured by properties subject to free market rental terms, which is the dominant tenant type. Both the Market Rent and Stabilized Rent segments of our portfolio present very similar average borrower profiles. The portfolio is primarily located in the New York City boroughs of Brooklyn, the Bronx and Queens.

    Multi-Family Loan Portfolio – Loans by Rent Type
    Rent Type   # of Notes   Outstanding Loan Balance   % of Total Multi-Family   Avg Loan Size   LTV   Current DSCR   Avg # of Units
            ($000’s omitted)         ($000’s omitted)              
                                         
    Market   146   $ 347,579   63 %   $ 2,381   61.6 %   1.39   11
    Location                                    
    Manhattan   7   $ 17,840   3 %   $ 2,549   51.9 %   1.62   15
    Other NYC   93   $ 244,408   44 %   $ 2,628   61.2 %   1.38   10
    Outside NYC   46   $ 85,331   16 %   $ 1,855   64.8 %   1.39   13
                                         
    Stabilized   107   $ 202,937   37 %   $ 1,897   62.4 %   1.39   12
    Location                                    
    Manhattan   6   $ 9,035   2 %   $ 1,506   44.7 %   1.59   17
    Other NYC   89   $ 174,888   32 %   $ 1,965   63.2 %   1.38   11
    Outside NYC   12   $ 19,014   3 %   $ 1,584   64.4 %   1.40   16

    Office Property Exposure

    The Bank’s exposure to the Office market is minor at $49 million. The pool has a 1.28x weighted average DSCR, a 53% weighted average LTV and less than $400,000 of exposure in Manhattan.

    Asset Quality and Allowance for Credit Losses

    At December 31, 2024, the Bank’s asset quality remained solid with non-performing loans totaling $16.4 million which represented 0.82% of total loans outstanding. Non-performing loans were $14.5 million at December 31, 2023 and $15.4 million at September 30, 2024.

    During the fourth quarter of 2024, the Bank recorded a provision for credit losses expense of $0.4 million. The December 31, 2024, allowance for credit losses balance was $22.8 million versus $19.7 million at December 31, 2023 and $23.4 million at September 30, 2024. The allowance for credit losses as a percent of total loans was 1.15% at December 31, 2024 and 1.17% at September 30, 2024, inclusive of a $3.2 million allowance on individually analyzed loans, versus 1.00% at December 31, 2023, which does not include the aforementioned $3.2 million allowance.

    Net Interest Margin

    The Bank’s net interest margin increased to 2.53% for the quarter ended December 31, 2024 compared to 2.37% in the quarter ended September 30, 2024 and 2.40% in the quarter ended December 31, 2023 due to the recent reductions in the Fed Funds effective rate and the liability sensitive nature of the Bank’s balance sheet.

    About Hanover Community Bank and Hanover Bancorp, Inc.

    Hanover Bancorp, Inc. (NASDAQ: HNVR), is the bank holding company for Hanover Community Bank, a community commercial bank focusing on highly personalized and efficient services and products responsive to client needs. Management and the Board of Directors are comprised of a select group of successful local businesspeople who are committed to the success of the Bank by knowing and understanding the metro-New York area’s financial needs and opportunities. Backed by state-of-the-art technology, Hanover offers a full range of financial services. Hanover offers a complete suite of consumer, commercial, and municipal banking products and services, including multi-family and commercial mortgages, residential loans, business loans and lines of credit. Hanover also offers its customers access to 24-hour ATM service with no fees attached, free checking with interest, telephone banking, advanced technologies in mobile and internet banking for our consumer and business customers, safe deposit boxes and much more. The Company’s corporate administrative office is located in Mineola, New York where it also operates a full-service branch office along with additional branch locations in Garden City Park, Hauppauge, Forest Hills, Flushing, Sunset Park, Rockefeller Center and Chinatown, New York, and Freehold, New Jersey, with a new branch opening in Port Jefferson, New York in the first quarter of 2025.

    Hanover Community Bank is a member of the Federal Deposit Insurance Corporation and is an Equal Housing/Equal Opportunity Lender. For further information, call (516) 548-8500 or visit the Bank’s website at www.hanoverbank.com.

    Non-GAAP Disclosure

    This discussion includes non-GAAP financial measures, including the Company’s tangible common equity (“TCE”) ratio, TCE, tangible assets, tangible book value per share, return on average tangible equity and efficiency ratio. A non-GAAP financial measure is a numerical measure of historical or future performance, financial position or cash flows that excludes or includes amounts that are required to be disclosed in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”). The Company’s management believes that the presentation of non-GAAP financial measures provides both management and investors with a greater understanding of the Company’s operating results and trends in addition to the results measured in accordance with GAAP, and provides greater comparability across time periods. While management uses non-GAAP financial measures in its analysis of the Company’s performance, this information is not meant to be considered in isolation or as a substitute for the numbers prepared in accordance with U.S. GAAP or considered to be more important than financial results determined in accordance with U.S. GAAP. The Company’s non-GAAP financial measures may not be comparable to similarly titled measures used by other financial institutions.

    With respect to the calculations of and reconciliations of TCE, tangible assets, TCE ratio and tangible book value per share, reconciliations to the most comparable U.S. GAAP measures are provided in the tables that follow.

    Forward-Looking Statements

    This release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and may be identified by the use of such words as “may,” “believe,” “expect,” “anticipate,” “should,” “plan,” “estimate,” “predict,” “continue,” and “potential” or the negative of these terms or other comparable terminology. Examples of forward-looking statements include, but are not limited to, estimates with respect to the financial condition, results of operations and business of Hanover Bancorp, Inc. Any or all of the forward-looking statements in this release and in any other public statements made by Hanover Bancorp, Inc. may turn out to be incorrect. They can be affected by inaccurate assumptions that Hanover Bancorp, Inc. might make or by known or unknown risks and uncertainties, including those discussed in our Annual Report on Form 10-K under Item 1A – Risk Factors, as updated by our subsequent filings with the Securities and Exchange Commission. Further, the adverse effect of health emergencies or natural disasters on the Company, its customers, and the communities where it operates may adversely affect the Company’s business, results of operations and financial condition for an indefinite period of time. Consequently, no forward-looking statement can be guaranteed. Hanover Bancorp, Inc. does not intend to update any of the forward-looking statements after the date of this release or to conform these statements to actual events.

    Investor and Press Contact:
    Lance P. Burke
    Chief Financial Officer
    (516) 548-8500

    HANOVER BANCORP, INC.            
    STATEMENTS OF CONDITION (unaudited)            
    (dollars in thousands)            
                   
                   
        December 31,   September 30,   December 31,  
          2024       2024       2023    
    Assets              
    Cash and cash equivalents $ 162,857     $ 141,231     $ 177,207    
    Securities-available for sale, at fair value   83,755       98,359       61,419    
    Investments-held to maturity   3,758       3,828       4,041    
    Loans held for sale   12,404       16,721       8,904    
                   
    Loans, net of deferred loan fees and costs   1,985,524       2,005,813       1,957,199    
    Less: allowance for credit losses   (22,779 )     (23,406 )     (19,658 )  
    Loans, net   1,962,745       1,982,407       1,937,541    
                   
    Goodwill     19,168       19,168       19,168    
    Premises & fixed assets   15,337       16,373       15,886    
    Operating lease assets   8,337       8,776       9,754    
    Other assets   43,749       40,951       36,140    
      Assets $ 2,312,110     $ 2,327,814     $ 2,270,060    
                   
    Liabilities and stockholders’ equity            
    Core deposits $ 1,456,513     $ 1,453,444     $ 1,382,397    
    Time deposits   497,770       504,100       522,198    
    Total deposits   1,954,283       1,957,544       1,904,595    
                   
    Borrowings   107,805       125,805       128,953    
    Subordinated debentures   24,689       24,675       24,635    
    Operating lease liabilities   9,025       9,472       10,459    
    Other liabilities   19,670       17,979       16,588    
      Liabilities   2,115,472       2,135,475       2,085,230    
                   
    Stockholders’ equity   196,638       192,339       184,830    
      Liabilities and stockholders’ equity $ 2,312,110     $ 2,327,814     $ 2,270,060    
                   
    HANOVER BANCORP, INC.                
    CONSOLIDATED STATEMENTS OF INCOME (unaudited)              
    (dollars in thousands, except per share data)                
                       
        Three Months Ended   Year Ended  
        12/31/2024   12/31/2023   12/31/2024   12/31/2023  
                       
    Interest income $ 33,057   $ 31,155   $ 133,022   $ 113,626  
    Interest expense   19,249     18,496     79,930     61,739  
      Net interest income   13,808     12,659     53,092     51,887  
    Provision for credit losses   400     200     4,940     2,132  
      Net interest income after provision for credit losses   13,408     12,459     48,152     49,755  
                       
    Loan servicing and fee income   981     778     3,690     2,809  
    Service charges on deposit accounts   136     85     469     297  
    Gain on sale of loans held-for-sale   3,014     2,326     10,940     5,841  
    Gain on sale of investments   27         31      
    Other operating income   29     65     209     1,744  
      Non-interest income   4,187     3,254     15,339     10,691  
                       
    Compensation and benefits   6,699     5,242     25,600     21,562  
    Occupancy and equipment   1,810     1,746     7,222     6,628  
    Data processing   536     530     2,096     2,063  
    Professional fees   782     729     3,079     3,191  
    Federal deposit insurance premiums   375     375     1,418     1,476  
    Other operating expenses   2,198     2,048     7,697     7,200  
      Non-interest expense   12,400     10,670     47,112     42,120  
                       
      Income before income taxes   5,195     5,043     16,379     18,326  
    Income tax expense   1,293     1,280     4,033     4,737  
                       
      Net income $ 3,902   $ 3,763   $ 12,346   $ 13,589  
                       
    Earnings per share (“EPS”):(1)                
    Basic $ 0.53   $ 0.51   $ 1.67   $ 1.85  
    Diluted $ 0.52   $ 0.51   $ 1.66   $ 1.84  
                       
    Average shares outstanding for basic EPS (1)(2)   7,427,583     7,324,133     7,403,758     7,326,903  
    Average shares outstanding for diluted EPS (1)(2)   7,456,471     7,383,529     7,432,741     7,386,299  
                       
    (1) Calculation includes common stock and Series A preferred stock.              
    (2) Average shares outstanding before subtracting participating securities.              
                       
    Note: Prior period information has been adjusted to conform to current period presentation.          
    HANOVER BANCORP, INC.                    
    CONSOLIDATED STATEMENTS OF INCOME (unaudited)                  
    QUARTERLY TREND                    
    (dollars in thousands, except per share data)                    
                           
        Three Months Ended  
        12/31/2024   9/30/2024   6/30/2024   3/31/2024   12/31/2023  
                           
    Interest income $ 33,057   $ 34,113   $ 33,420   $ 32,432   $ 31,155  
    Interest expense   19,249     21,011     20,173     19,497     18,496  
      Net interest income   13,808     13,102     13,247     12,935     12,659  
    Provision for credit losses   400     200     4,040     300     200  
      Net interest income after provision for credit losses   13,408     12,902     9,207     12,635     12,459  
                           
    Loan servicing and fee income   981     960     836     913     778  
    Service charges on deposit accounts   136     123     114     96     85  
    Gain on sale of loans held-for-sale   3,014     2,834     2,586     2,506     2,326  
    Gain on sale of investments   27         4          
    Other operating income   29     37     82     61     65  
      Non-interest income   4,187     3,954     3,622     3,576     3,254  
                           
    Compensation and benefits   6,699     6,840     6,499     5,562     5,242  
    Occupancy and equipment   1,810     1,799     1,843     1,770     1,746  
    Data processing   536     547     495     518     530  
    Professional fees   782     762     717     818     729  
    Federal deposit insurance premiums   375     360     365     318     375  
    Other operating expenses   2,198     1,930     1,751     1,818     2,048  
      Non-interest expense   12,400     12,238     11,670     10,804     10,670  
                           
      Income before income taxes   5,195     4,618     1,159     5,407     5,043  
    Income tax expense   1,293     1,079     315     1,346     1,280  
                           
      Net income $ 3,902   $ 3,539   $ 844   $ 4,061   $ 3,763  
                           
    Earnings per share (“EPS”):(1)                    
    Basic $ 0.53   $ 0.48   $ 0.11   $ 0.55   $ 0.51  
    Diluted $ 0.52   $ 0.48   $ 0.11   $ 0.55   $ 0.51  
                           
    Average shares outstanding for basic EPS (1)(2)   7,427,583     7,411,064     7,399,816     7,376,227     7,324,133  
    Average shares outstanding for diluted EPS (1)(2)   7,456,471     7,436,068     7,449,110     7,420,926     7,383,529  
                           
    (1) Calculation includes common stock and Series A preferred stock.                  
    (2) Average shares outstanding before subtracting participating securities.                  
                           
    Note: Prior period information has been adjusted to conform to current period presentation.              
    HANOVER BANCORP, INC.                
    SELECTED FINANCIAL DATA (unaudited)              
    (dollars in thousands)                
                     
                     
      Three Months Ended   Year Ended  
      12/31/2024   12/31/2023   12/31/2024   12/31/2023  
    Profitability:                
    Return on average assets   0.70 %     0.69 %     0.55 %     0.66 %  
    Return on average equity (1)   7.98 %     8.10 %     6.45 %     7.44 %  
    Return on average tangible equity (1)   8.87 %     9.06 %     7.18 %     8.33 %  
    Pre-provision net revenue to average assets   1.00 %     0.97 %     0.95 %     0.99 %  
    Yield on average interest-earning assets   6.06 %     5.91 %     6.12 %     5.67 %  
    Cost of average interest-bearing liabilities   4.24 %     4.19 %     4.40 %     3.68 %  
    Net interest rate spread (2)   1.82 %     1.72 %     1.72 %     1.99 %  
    Net interest margin (3)   2.53 %     2.40 %     2.44 %     2.59 %  
    Non-interest expense to average assets   2.21 %     1.97 %     2.11 %     2.04 %  
    Operating efficiency ratio (4)   69.01 %     67.05 %     68.88 %     67.31 %  
                     
    Average balances:                
    Interest-earning assets $ 2,169,595     $ 2,090,839     $ 2,174,000     $ 2,004,634    
    Interest-bearing liabilities   1,804,700       1,751,330       1,818,110       1,678,464    
    Loans   2,003,686       1,910,409       2,005,524       1,829,586    
    Deposits   1,853,828       1,767,753       1,840,378       1,675,913    
    Borrowings   153,126       170,793       174,327       182,307    
                     
                     
    (1) Includes common stock and Series A preferred stock.              
    (2) Represents the difference between the yield on average interest-earning assets and the cost of average interest-bearing liabilities.
    (3) Represents net interest income divided by average interest-earning assets.          
    (4) Represents non-interest expense divided by the sum of net interest income and non-interest income excluding gain on sale of securities available for sale.
    HANOVER BANCORP, INC.                
    SELECTED FINANCIAL DATA (unaudited)                
    (dollars in thousands, except share and per share data)              
                     
      At or For the Three Months Ended  
      12/31/2024   9/30/2024   6/30/2024   3/31/2024  
    Asset quality:                
    Provision for credit losses – loans (1) $ 400     $ 200     $ 3,850     $ 300    
    Net (charge-offs)/recoveries   (1,027 )     (438 )     (79 )     (85 )  
    Allowance for credit losses   22,779       23,406       23,644       19,873    
    Allowance for credit losses to total loans (2)   1.15 %     1.17 %     1.17 %     0.99 %  
    Non-performing loans $ 16,368     $ 15,365     $ 15,828     $ 14,878    
    Non-performing loans/total loans   0.82 %     0.77 %     0.79 %     0.74 %  
    Non-performing loans/total assets   0.71 %     0.66 %     0.68 %     0.64 %  
    Allowance for credit losses/non-performing loans   139.17 %     152.33 %     149.38 %     133.57 %  
                     
    Capital (Bank only):                
    Tier 1 Capital $ 201,744     $ 198,196     $ 195,703     $ 195,889    
    Tier 1 leverage ratio   9.13 %     8.85 %     8.89 %     8.90 %  
    Common equity tier 1 capital ratio   13.32 %     12.99 %     12.78 %     12.99 %  
    Tier 1 risk based capital ratio   13.32 %     12.99 %     12.78 %     12.99 %  
    Total risk based capital ratio   14.58 %     14.24 %     14.21 %     14.19 %  
                     
    Equity data:                
    Shares outstanding (3)   7,427,127       7,428,366       7,402,163       7,392,412    
    Stockholders’ equity $ 196,638     $ 192,339     $ 190,072     $ 189,543    
    Book value per share (3)   26.48       25.89       25.68       25.64    
    Tangible common equity (3)   177,220       172,906       170,625       170,080    
    Tangible book value per share (3)   23.86       23.28       23.05       23.01    
    Tangible common equity (“TCE”) ratio (3)   7.73 %     7.49 %     7.38 %     7.43 %  
                     
    (1) Excludes $0, $0, $190 thousand and $0 provision for credit losses on unfunded commitments for the quarters ended 12/31/24,
    9/30/24, 6/30/24 and 3/31/24, respectively.                
    (2) Calculation excludes loans held for sale.                
    (3) Includes common stock and Series A preferred stock.                
                     
    Note: Prior period information has been adjusted to conform to current period presentation.          
    HANOVER BANCORP, INC.                
    STATISTICAL SUMMARY                
    QUARTERLY TREND                
    (unaudited, dollars in thousands, except share data)              
                       
        12/31/2024   9/30/2024   6/30/2024   3/31/2024  
                       
    Loan distribution (1):                
    Residential mortgages $ 702,832     $ 719,037     $ 733,040     $ 730,017    
    Multifamily     550,570       557,634       562,503       568,043    
    Commercial real estate   536,288       529,948       549,725       556,708    
    Commercial & industrial   168,909       171,899       139,209       123,419    
    Home equity   26,422       26,825       27,992       26,879    
    Consumer     503       470       485       449    
                       
    Total loans $ 1,985,524     $ 2,005,813 $ 2,012,954     $ 2,005,515    
                       
    Sequential quarter growth rate   -1.01 %     -0.35 %     0.37 %     2.47 %  
                       
    CRE concentration ratio   385 %     397 %     403 %     416 %  
                       
    Loans sold during the quarter $ 53,499     $ 43,537     $ 35,302     $ 26,735    
                       
    Funding distribution:                
    Demand   $ 211,656     $ 206,327     $ 199,835     $ 202,934    
    N.O.W.     692,890       621,880       661,998       708,897    
    Savings     48,885       53,024       44,821       48,081    
    Money market   503,082       572,213       571,170       493,123    
    Total core deposits   1,456,513       1,453,444       1,477,824       1,453,035    
    Time     497,770       504,100       464,105       464,227    
    Total deposits   1,954,283       1,957,544       1,941,929       1,917,262    
    Borrowings   107,805       125,805       148,953       148,953    
    Subordinated debentures   24,689       24,675       24,662       24,648    
                       
    Total funding sources $ 2,086,777     $ 2,108,024 $ 2,115,544     $ 2,090,863    
                       
    Sequential quarter growth rate – total deposits   -0.17 %     0.80 %     1.29 %     0.67 %  
                       
    Period-end core deposits/total deposits ratio   74.53 %     74.25 %     76.10 %     75.79 %  
                       
    Period-end demand deposits/total deposits ratio   10.83 %     10.54 %     10.29 %     10.58 %  
                       
    (1) Excluding loans held for sale                
    HANOVER BANCORP, INC.                    
    RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (1)(unaudited)          
    (dollars in thousands, except share and per share amounts)              
                         
                         
      12/31/2024   9/30/2024   6/30/2024   3/31/2024   12/31/2023  
    Tangible common equity                    
    Total equity (2) $ 196,638     $ 192,339     $ 190,072     $ 189,543     $ 184,830    
    Less: goodwill   (19,168 )     (19,168 )     (19,168 )     (19,168 )     (19,168 )  
    Less: core deposit intangible   (250 )     (265 )     (279 )     (295 )     (311 )  
    Tangible common equity (2) $ 177,220     $ 172,906     $ 170,625     $ 170,080     $ 165,351    
                         
    Tangible common equity (“TCE”) ratio                  
    Tangible common equity (2) $ 177,220     $ 172,906     $ 170,625     $ 170,080     $ 165,351    
    Total assets   2,312,110       2,327,814       2,331,098       2,307,508       2,270,060    
    Less: goodwill   (19,168 )     (19,168 )     (19,168 )     (19,168 )     (19,168 )  
    Less: core deposit intangible   (250 )     (265 )     (279 )     (295 )     (311 )  
    Tangible assets $ 2,292,692     $ 2,308,381     $ 2,311,651     $ 2,288,045     $ 2,250,581    
    TCE ratio (2)   7.73 %     7.49 %     7.38 %     7.43 %     7.35 %  
                         
    Tangible book value per share                    
    Tangible equity (2) $ 177,220     $ 172,906     $ 170,625     $ 170,080     $ 165,351    
    Shares outstanding (2)   7,427,127       7,428,366       7,402,163       7,392,412       7,345,012    
    Tangible book value per share (2) $ 23.86     $ 23.28     $ 23.05     $ 23.01     $ 22.51    
                         
    (1) A non-GAAP financial measure is a numerical measure of historical or future financial performance, financial position or cash flows that excludes or includes amounts that are required to be disclosed in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”). The Company’s management believes the presentation of non-GAAP financial measures provide investors with a greater understanding of the Company’s operating results in addition to the results measured in accordance with U.S. GAAP. While management uses non-GAAP measures in its analysis of the Company’s performance, this information should not be viewed as a substitute for financial results determined in accordance with U.S. GAAP or considered to be more important than financial results determined in accordance with U.S. GAAP.  
                         
    (2) Includes common stock and Series A preferred stock.  
    HANOVER BANCORP, INC.                      
    NET INTEREST INCOME ANALYSIS                      
    For the Three Months Ended December 31, 2024 and 2023                    
    (unaudited, dollars in thousands)                      
                           
                           
        2024       2023  
      Average       Average   Average       Average
      Balance   Interest   Yield/Cost Balance   Interest   Yield/Cost
                           
    Assets:                      
    Interest-earning assets:                      
    Loans $ 2,003,686   $ 30,753   6.11 %   $ 1,910,409   $ 28,394   5.90 %
    Investment securities   94,886     1,381   5.79 %     56,834     940   6.56 %
    Interest-earning cash   62,850     747   4.73 %     114,033     1,570   5.46 %
    FHLB stock and other investments   8,173     176   8.57 %     9,563     251   10.41 %
    Total interest-earning assets   2,169,595     33,057   6.06 %     2,090,839     31,155   5.91 %
    Non interest-earning assets:                      
    Cash and due from banks   8,973             7,429        
    Other assets   50,068             50,677        
    Total assets $ 2,228,636           $ 2,148,945        
                           
    Liabilities and stockholders’ equity:                      
    Interest-bearing liabilities:                      
    Savings, N.O.W. and money market deposits $ 1,152,755   $ 11,916   4.11 %   $ 1,039,062   $ 11,547   4.41 %
    Time deposits   498,819     5,642   4.50 %     541,475     5,231   3.83 %
    Total savings and time deposits   1,651,574     17,558   4.23 %     1,580,537     16,778   4.21 %
    Borrowings   128,446     1,365   4.23 %     146,167     1,392   3.78 %
    Subordinated debentures   24,680     326   5.25 %     24,626     326   5.25 %
    Total interest-bearing liabilities   1,804,700     19,249   4.24 %     1,751,330     18,496   4.19 %
    Demand deposits   202,254             187,216        
    Other liabilities   27,168             26,031        
    Total liabilities   2,034,122             1,964,577        
    Stockholders’ equity   194,514             184,368        
    Total liabilities & stockholders’ equity $ 2,228,636           $ 2,148,945        
    Net interest rate spread         1.82 %           1.72 %
    Net interest income/margin     $ 13,808   2.53 %       $ 12,659   2.40 %
                           
    HANOVER BANCORP, INC.                      
    NET INTEREST INCOME ANALYSIS                      
    For the Years Ended December 31, 2024 and 2023                    
    (unaudited, dollars in thousands)                      
                           
                           
        2024       2023  
      Average       Average   Average       Average
      Balance   Interest   Yield/Cost Balance   Interest   Yield/Cost
                           
    Assets:                      
    Interest-earning assets:                      
    Loans $ 2,005,524   $ 122,970 6.13 %   $ 1,829,586   $ 103,975 5.68 %
    Investment securities   98,238     5,992   6.10 %     26,171     1,534   5.86 %
    Interest-earning cash   60,868     3,191   5.24 %     139,006     7,243   5.21 %
    FHLB stock and other investments   9,370     869   9.27 %     9,871     874   8.85 %
    Total interest-earning assets   2,174,000     133,022   6.12 %     2,004,634     113,626   5.67 %
    Non interest-earning assets:                      
    Cash and due from banks   8,567             8,034        
    Other assets   50,461             52,953        
    Total assets $ 2,233,028           $ 2,065,621        
                           
    Liabilities and stockholders’ equity:                      
    Interest-bearing liabilities:                      
    Savings, N.O.W. and money market deposits $ 1,160,115   $ 51,457   4.44 %   $ 1,029,415   $ 39,430   3.83 %
    Time deposits   483,668     21,060   4.35 %     466,742     14,888   3.19 %
    Total savings and time deposits   1,643,783     72,517   4.41 %     1,496,157     54,318   3.63 %
    Borrowings   149,667     6,109   4.08 %     157,701     6,124   3.88 %
    Subordinated debentures   24,660     1,304   5.29 %     24,606     1,297   5.27 %
    Total interest-bearing liabilities   1,818,110     79,930   4.40 %     1,678,464     61,739   3.68 %
    Demand deposits   196,595             179,756        
    Other liabilities   27,000             24,701        
    Total liabilities   2,041,705             1,882,921        
    Stockholders’ equity   191,323             182,700        
    Total liabilities & stockholders’ equity $ 2,233,028           $ 2,065,621        
    Net interest rate spread         1.72 %           1.99 %
    Net interest income/margin     $ 53,092   2.44 %       $ 51,887   2.59 %
                           

    The MIL Network

  • MIL-OSI Global: How Victorian melodrama turned the sweet music of gothic into something dark and sinister

    Source: The Conversation – UK – By Emma McEvoy, Senior Lecturer in English Literature, University of Westminster

    In 1764, Horace Walpole published the first gothic novel, The Castle of Otranto, set in a labyrinthine castle surrounded by woods. The novel features the supernatural, with a dark secret from the past at its core. Today, 260 years later, gothic is still with us in the form of “contemporary gothic” plays, fiction, films, music and computer games.

    Central to the popularity of gothic is the way it affects its audiences. It is supposed to unsettle, to make the flesh creep and provoke feelings of claustrophobia. Soundtracks for gothic films are integral to creating such effects, building suspense and unease while amplifying the visceral impact of sudden jump scares.

    Alejandro Amenábar’s soundtrack for The Others (2001), for example, weirds its listeners out. The hollow but reverberant timbre of brushed piano strings evokes the spaces of the house, conjuring up the old-fashioned alienness of the place. Action, set and music sympathetically resonate.


    Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.


    The soundtrack for The Substance (2024) shrieks with the strings and sudden dissonances of The Nightmare and Dawn (taken from Bernard Herrmann’s score for Hitchcock’s 1958 masterpiece, Vertigo). Then, it deepens the sense of disquiet with the sinister incantations and medieval-sounding harmonies of Swedish composer Anna von Hausswolff‘s Ugly and Vengeful.

    Both soundtracks impressively succeed in doing what we expect gothic music to do: provoke unease, create suspense and drive home the horror elements.

    But has the music of the gothic always been called upon to unsettle and scare? Has it always sounded so, well, gothic? These are questions I explore in my new book The Music of the Gothic 1789–1820.

    Over the last few years, I’ve been rummaging through archives in London, Oxford and Dublin searching for settings of songs from novels and music associated with gothic plays such as The Mysteries of the Castle (1795). I uncovered many treasures, some of which probably haven’t been performed for a couple of centuries.

    Thanks to a grant from the British Academy and the Leverhulme Trust, I was able to bring some of this music to audiences once more with the help of a group of wonderful musicians, headed by Seb Gillot, who performed the tracks you can hear in this article. You can see them performing live below.

    The gothic novels and plays of the 1790s were populated by sweet-singing heroines and heroes. Among the music I encountered was a song by the composer and singer Harriet Abrams (c. 1758-1821), in which a woman imprisoned in a madhouse sweetly pleads with her cold-hearted jailer.

    I also found music for gothic plays by the Northumbrian William Shield (1748-1829) and the Irish tenor Michael Kelly (1762-1826), who wrote songs about jolly mariners , comic poachers_ and young peasant girls on their way back from market.

    None of this material sounded remotely what we would now describe as gothic. Even the music accompanying the entrance of a blood-covered ghost in The Castle Spectre (1798) was warm and stately – and singularly unterrifying.

    I realised that none of the music from the 1790s – a period when gothic was phenomenally popular – was intended to scare. On the contrary, it was called upon to provide relief from the scare. In late 18th-century gothic plays such as The Italian Monk (1797), music was associated with romance, comedy and sublime religious experience, but not horror or terror.

    At what point then did the kind of gothic music we know today come into being? The evidence can be found in books such as Remick Folio of Moving Picture Music (1914) which contains music for silent film accompanists. With names like Mysterioso, or Forboding and Wind Storm, or Hurry, they were evidently designed for scenes of suspense and mystery.

    Such music is indebted to the music of Victorian melodrama, but what I wanted to know was when melodrama acquired its distinctive gothic sounds.

    Digging into the past of gothic

    Very often in research you discover that things happen gradually. There is trial and experiment, a series of influences, a slow accumulation of examples, and then a tipping point. But when it comes to gothic music, that is not the case. There is a definite date when a specific kind of music erupted onto the entertainment scene. The date was 1802, and the occasion a new dramatic production – a “melo-drame” or musical drama called A Tale of Mystery with music by Thomas Busby.

    Busby’s music was conceptualised very differently to the music of the 1790s. For a start it was intended to add to, not to provide relief from, the gothic elements of the play.

    Most crucially, it was not part of the imagined world of the drama. The fictional characters did not sing it – they did not even “hear” it: Busby’s music was directed at the audience. Instrumental music calculated to disturb, it was chaotic and unnerving, with lots of fast, disjointed short phrases, disturbing chords and cliffhanger endings.

    Instantly recognised as new and revolutionary, it caused a sensation. After audiences had a taste of the new gothic in A Tale of Mystery, music on the page and on the stage soon became something darker and more troubling.

    The older kind of music didn’t disappear overnight, of course, but melodrama took hold and the music of gothic was transformed. Not just on stage but also on the page. Gothic music was no longer uplifting but sinister.

    As seen in The Woman in Black (2012), there’s nothing like a music box in a deserted house to terrify audiences. And who doesn’t thrill to the sound of the diabolically thundering organ in Andrew Lloyd Webber’s Phantom of the Opera?

    Emma McEvoy received a research grant from the British Academy and Leverhulme Trust for the project “The Music of Gothic Literature and Theatre 1790-1820”.

    ref. How Victorian melodrama turned the sweet music of gothic into something dark and sinister – https://theconversation.com/how-victorian-melodrama-turned-the-sweet-music-of-gothic-into-something-dark-and-sinister-246797

    MIL OSI – Global Reports

  • MIL-OSI United Kingdom: Court orders tagger caught on camera to pay £1,300

    Source: City of Canterbury

    A tagger has been forced to pay more than £1,300 in fines and costs after admitting daubing graffiti in four locations across Canterbury city centre.

    Magistrates in Margate heard that Alexander Taylor of Paxton Avenue, Folkestone, was captured defacing the underpass in St George’s Street, Canterbury, with his tag by CCTV operators in May last year.

    Canterbury City Council’s Environmental Crime team, Graffiti Officers and CCTV operators worked to trace the 24-year-old back to a vehicle parked in Ivy Lane.

    The registered keeper of the vehicle was then invited to interview.

    On Thursday (23 January), the court was told how Taylor was then linked to tags on Newingate House in Lower Bridge Street, a wall next to the entrance to the Beaney in Best Lane and the old Nason’s building in the High Street.

    All were breaches of the council’s Public Spaces Protection Order (PSPO).

    Taylor pleaded guilty to all four offences. Magistrates fined him £532 and ordered him to pay £200 costs, £365.12 compensation for cleaning costs and a victim surcharge of £213.

    This case follows that of the Mr Slime tagger who was ordered to pay £1,500 in fines and costs in November.

    Cllr Connie Nolan, Cabinet Member for Community Engagement, Safety and Enforcement, said: “Another tagger being asked to fork out a large sum of money must act as a warning to anyone tempted to scrawl across the city’s walls – we will track you down.

    “Tagging isn’t harmless fun. It affects people’s quality of life and makes an area feel unsafe.

    “And the cost of cleaning up after taggers and hunting them down could be better spent on other frontline services helping those in need.

    “I pay tribute to the team behind this court case but also to our officers who cleaned off more than 5,000 tags across the district in 2024.”

    Published: 29 January 2025

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: English rendering of PM’s speech at the opening ceremony of 38th National Games in Dehradun, Uttarakhand

    Source: Government of India (2)

    Posted On: 28 JAN 2025 9:36PM by PIB Delhi

    Long live Mother India! 

    Governor of Devbhoomi Uttarakhand Gurmeet Singh Ji, young Chief Minister Pushkar Dhami Ji, my cabinet colleagues Ajay Tamta Ji, Raksha Khadse Ji, Speaker of Uttarakhand Assembly Ritu Khanduri Ji, Sports Minister Rekha Arya Ji, President of Commonwealth Games Chris Jenkins Ji, President of IOA P.T. Usha Ji, MP Mahendra Bhatt Ji, all the players from across the country who have come to participate in the National Games, and other dignitaries!

    Today, Devbhoomi has become more divine with the energy of youth. With the blessings of Baba Kedarnath, Badrinath ji, Maa Ganga, the National Games are starting today. This year is the 25th year of the formation of Uttarakhand. In this young state, thousands of youth from every corner of the country are going to show their capabilities. A very beautiful picture of Ek Bharat-Shreshtha Bharat is visible here. This time too, many indigenous traditional games have been included in the National Games. This time’s National Games are also Green Games in a way. Environment-friendly things are being used a lot in it. All the medals and trophies received in the National Games are also made of e-waste. A tree will also be planted here in the name of the medal winning players. This is a very good initiative. I wish all the players the best for their excellent performance. I congratulate Dhami ji and his entire team, every citizen of Uttarakhand for this wonderful event.

    Friends, 

    We often hear that gold becomes pure after being tested. We are also creating more and more opportunities for players so that they can further improve their capabilities. Today, many tournaments are being organized throughout the year. Many new tournaments have been added to the Khelo India series. Due to the Khelo India Youth Games, young players have got a chance to move forward. University Games are giving new opportunities to university students. The performance of para athletes through Khelo India Para Games is achieving new things. Just a few days ago, the fifth edition of Khelo India Winter Games started in Ladakh. Last year itself, we organized Beach Games. 

    And comrades,

    It is not that only the government is doing all these works. Today, hundreds of BJP MPs are organizing MP sports competitions in their areas to bring forward new talent. I am also an MP from Kashi. If I talk only about my parliamentary constituency, then every year in the MP sports competition, about 2.5 lakh youth in the Kashi parliamentary constituency are getting a chance to play and flourish. That is, a beautiful bouquet of sports has been prepared in the country, in which flowers bloom in every season, and tournaments are held continuously.

    Friends,

    We consider sports as a major medium for the all-round development of India. When a country progresses in sports, the credibility of the country also increases, the profile of the country also increases. Therefore, today sports are being linked to the development of India. We are linking it to the self-confidence of the youth of India. Today, India is moving towards becoming the third largest economic power in the world, it is our endeavor that sports should have a major part of the economy in this. You know, not only a player plays in any sport, there is a whole ecosystem behind it. There are coaches, trainers, people who focus on nutrition and fitness, doctors, equipment. That is, there is scope for both service and manufacturing in it. India is becoming a quality manufacturer of these different sports equipment used by players from all over the world. Meerut is not very far from here. There are more than 35 thousand small and big factories manufacturing sports equipment there. More than three lakh people are working in them. Today the country is working towards creating these ecosystems in every corner of the country.

    Friends,

    Some time ago, I had the opportunity to meet the Olympic team at my residence in Delhi. During the conversation, a friend gave me a new definition of PM. He said that the country’s players do not consider me as PM or Prime Minister, but as their Param Mitra. This belief of yours gives me energy. I have full faith in all of you, in your talent and capabilities. We are trying our best to increase your capabilities and improve your game. Look at the last 10 years, we have constantly focused on supporting your talent. The sports budget that was there 10 years ago has more than tripled today. Under the TOPS scheme, hundreds of crores of rupees are being invested on dozens of players of the country. Under the Khelo India program, modern sports infrastructure is being built across the country. Today, sports have been mainstreamed even in schools. The country’s first sports university is also being built in Manipur.

    Friends,

    We are seeing the results of these efforts of the government on the ground, it is visible in the medal tally. Today Indian players are flying their flag in every international event. Our players have performed so well in the Olympics and Paralympics. Many players from Uttarakhand have also won medals. I am happy that many medal winners have come here to this venue today to encourage you.

    Friends, 

    The old glory days of hockey are returning. Just a few days ago, our Kho-Kho team won the World Cup. The world was surprised when our Gukesh D. won the World Chess Championship title. Koneru Humpy became the Women’s World Rapid Chess Champion, this success shows how sports in India is no longer just an extra-curricular activity. Now our youth are considering sports as a major career choice. 

    Friends,

    Just like our players always move ahead with big goals, our country is also moving ahead with big resolutions. You all know that India is making all efforts to host the 2036 Olympics. When the Olympics will be held in India, it will take Indian sports to new heights. Olympics is not just an event of a game, in whichever country of the world the Olympics are held, many sectors get a boost. The sports infrastructure that is built for the Olympics also creates employment. Better facilities are created for the players in the future. New connectivity infrastructure is built in the city where the Olympics are held. This strengthens the construction related industry, and the transport related sector progresses. And the biggest benefit is to the tourism of the country. Many new hotels are built, people from all over the world come to participate in the Olympics and watch the games. The entire country benefits from this. Like this National Games is being organized here in Devbhoomi Uttarakhand. The spectators who come here from other parts of the country will also go to other parts of Uttarakhand. This means that a sports event not only benefits the players, but the economy of many other sectors also grows due to it.

    Friends,

    Today the world is saying that the 21st century is the century of India. And after visiting Baba Kedarnath, it suddenly came out of my mouth, from my heart – this is the decade of Uttarakhand. I am happy that Uttarakhand is progressing rapidly. Just yesterday, Uttarakhand became the state of the country that implemented the Uniform Civil Code, I sometimes also call it Secular Civil Code. Uniform Civil Code will become the basis for the dignified life of our daughters, mothers and sisters. Uniform Civil Code will strengthen the spirit of democracy, the spirit of the Constitution will be strengthened. And today I am here in this sports event, so I also see it connected to you. Sportsmanship takes us away from every feeling of discrimination, the mantra behind every victory, every medal is – Sabka Prayas. Sports inspires us to play with team spirit. The same spirit is there in Uniform Civil Code also. No discrimination against anyone, everyone is equal. I congratulate the BJP government of Uttarakhand for this historic step. 

    Friends,

    For the first time in Uttarakhand, such a national event is being organized on such a large scale. This is a big deal in itself. This will also create more employment opportunities here, the youth here will get work here. Uttarakhand will have to create more new ways for its development. Now the economy of Uttarakhand cannot depend only on the Char Dham Yatras. Today the government is continuously increasing the attraction of these Yatras by increasing facilities. The number of devotees is also making new records every season. But this is not enough. It is also important to encourage winter spiritual journeys in Uttarakhand. I am happy that some new steps have been taken in Uttarakhand in this direction too. 

    Friends, 

    Uttarakhand is my second home in a way. I also wish to be a part of winter travel. I would also like to tell the youth of the country to definitely visit Uttarakhand in winter. At that time, the number of devotees was not that much. There is a lot of scope for adventure activities for you here. All you athletes should also definitely find out about them after the National Games and if possible, enjoy the hospitality of Devbhoomi for more days. 

    Friends,

    All of you represent your respective states. In the coming days, you will compete fiercely here. Many national records will be broken, new records will be made. You will give your 100% according to your full potential, but I also have some requests for you. These National Games are not just a sporting competition, it is also a strong platform for Ek Bharat Shreshtha Bharat. This is an event to celebrate the diversity of India. You should try to ensure that your medals also reflect the shine of India’s unity and superiority. You should go from here with better knowledge of the language, food, songs and music of different states of the country. I also have a request regarding cleanliness. Due to the efforts of the residents of Devbhoomi, Uttarakhand is working hard towards becoming plastic free, trying to move forward. The resolution of plastic free Uttarakhand cannot be fulfilled without your support. Do contribute in making this campaign a success.

    Friends, 

    All of you understand the importance of fitness. That is why today I want to talk about a challenge which is very important. Statistics say that the problem of obesity is increasing rapidly in our country. Every age group of the country, and even the youth, are being badly affected by it. And this is also a matter of concern because obesity increases the risk of diseases like diabetes, heart disease. I am satisfied that today the country is becoming aware of fitness and healthy lifestyle through the Fit India Movement. These national games also teach us how important physical activity, discipline and balanced life are. Today I would like to tell the countrymen to definitely focus on two things. These two things are related to exercise and diet. Every day, take out some time and do exercise. From walking to working out, do whatever is possible. Secondly, focus on your diet. Your focus should be on balanced intake and the food should be nutritious. 

    There can be one more thing. Reduce unhealthy fat and oil in your food. Now in our normal homes, ration comes at the beginning of the month. Till now, if you used to bring home two liters of cooking oil every month, then reduce it by at least 10 percent. Reduce the amount of oil we use every day by 10 percent. We will have to find some ways to avoid obesity. Taking such small steps can bring a big change in your health. And this is what our elders used to do. They used to eat fresh food, natural things, and balanced meals. Only a healthy body can create a healthy mind and a healthy nation. I will also ask the state governments, schools, offices and community leaders to spread awareness about this, all of you have a lot of practical experience. I want you to continuously spread the information about correct nutrition to the people. Come, let us all together create a ‘Fit India’, with this call. 

    Friends, 

    Although it is my responsibility to start the National Games, today I want to do it by involving all of you. So for the inauguration of these games, turn on the flash lights of your mobiles, all of you. All of you turn on the flash lights of your mobiles. Everyone’s mobile flash lights should be turned on, everyone’s mobile flash lights should be turned on. Together with all of you, I declare the start of the 38th National Games. Once again, best wishes to all of you.

    Thank you !

    DISCLAIMER: This is the approximate translation of PM’s speech. Original speech was delivered

    MIL OSI Asia Pacific News

  • MIL-OSI: Lantronix Launches New 28-Port PoE++ Network Switch at 2025 BICSI Winter Conference & Exhibition

    Source: GlobeNewswire (MIL-OSI)

    IRVINE, Calif., Jan. 29, 2025 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX) (the “Company”), a global leader of compute and connectivity for IoT solutions enabling AI Edge Intelligence, today announced it will launch its new 28-port SM24TBT4XPA Managed 2.5G Ethernet PoE++ network switch as well as feature its 24-port SM24TBT4SA and 8-port SM8TBT2SA Managed Gigabit Ethernet PoE++ network switches at the 2025 BICSI Winter Conference & Exhibition. Taking place Feb. 4–6, 2025, at the Gaylord Palms Resort & Convention Center in Orlando, Fla., Lantronix will exhibit these newest items, along with more IoT network solutions, at booth Number 910.

    “At BICSI, we will feature our new PoE++ network switches that offer flexibility in port speed and power while delivering the always-on performance needed for critical applications, such as smart building, wireless and security and surveillance. Our users know they can rely on Lantronix’s secure network solutions to stay connected at the network edge while gaining easy, intuitive control of end-to-end devices,” said Mathi Gurusamy, chief strategy officer at Lantronix.

    Ideal for connecting and powering wireless devices in security and surveillance, smart building and other applications that require always-on performance, Lantronix’s new 28-port Managed Ethernet PoE++ Switch features 2.5G ports and IEEE 1588v2 precision clock synchronization protocol, providing the highly accurate time synchronization needed for use in applications like wireless networks and financial trading. Similar to other Lantronix switches, it also includes the unique, simple-to-navigate user interface with device management features that help reduce troubleshooting time and operating costs. The switches come integrated with Lantronix’s Percepxion™ Software End-to-End Solutions platform, providing comprehensive device life cycle management, enterprise application integration and data analytics, all through a single pane of glass.

    Lantronix Speaker to Present on Lantronix’s New 24-Port Switch

    Dennis Troxell, senior field applications engineer at Lantronix, will speak about Lantronix’s 24-port SM24TBT4SA Managed Gigabit Ethernet PoE++ switch. He will highlight its benefits in smart buildings and security and surveillance applications as part of the “What’s New, What’s It Do?” speaker series held on Monday, Feb. 3, at 5:40 p.m. at the BICSI Theatre.

    Other solutions on display at the Lantronix booth include:

    Network Extension Solutions

    Secure Data Transmission at the Desktop Solutions

    • Fiber to the Desk Solutions: Learn how to improve security and increase network reliability by integrating fiber optic cabling with existing copper infrastructure utilizing compact Mini Media Converters or Network Interface Cards (NICs) at desktop workstations

    Solutions for Connecting and Powering at the Network Edge

    Industrial IoT Solutions

    About Lantronix

    Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth markets, including Smart Cities, Enterprise and Transportation. Lantronix’s products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that enable AI Edge Intelligence. Lantronix’s advanced solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOBM) for Cloud and Edge Computing. 

    For more information, visit the Lantronix website.

    “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements within the meaning of federal securities laws, including, without limitation, statements related to Lantronix leadership. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers’ and vendors’ supply chains due to the COVID-19 pandemic or other outbreaks, wars and recent tensions in Europe, Asia and the Middle East, or other factors; future responses to and effects of public health crises; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the Securities and Exchange Commission (the “SEC”) on Sept. 9, 2024, including in the section entitled “Risk Factors” in Item 1A of Part I of that report, as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. In addition, actual results may differ as a result of additional risks and uncertainties of which we are currently unaware or which we do not currently view as material to our business. For these reasons, investors are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements we make speak only as of the date on which they are made. We expressly disclaim any intent or obligation to update any forward-looking statements after the date hereof to conform such statements to actual results or to changes in our opinions or expectations, except as required by applicable law or the rules of the Nasdaq Stock Market LLC. If we do update or correct any forward-looking statements, investors should not conclude that we will make additional updates or corrections.

    ©2025 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

    Lantronix Media Contact:        
    Gail Kathryn Miller
    Corporate Marketing &
    Communications Manager
    media@lantronix.com

    Lantronix Analyst and Investor Contact:        
    investors@lantronix.com

    The MIL Network

  • MIL-OSI: Stifel Reports Fourth Quarter and Full Year Results

    Source: GlobeNewswire (MIL-OSI)

    ST. LOUIS, Jan. 29, 2025 (GLOBE NEWSWIRE) — Stifel Financial Corp. (NYSE: SF) today reported net revenues of $1.36 billion for the three months ended December 31, 2024, compared with $1.15 billion a year ago. Net income available to common shareholders of $234.7 million, or $2.09 per diluted common share, compared with $153.2 million, or $1.38 per diluted common share for the fourth quarter of 2023. Non-GAAP net income available to common shareholders of $249.7 million, or $2.23 per diluted common share for the fourth quarter of 2024.

    Net revenues of $4.97 billion for the year ended December 31, 2024 compared to $4.35 billion a year ago. Net income available to common shareholders of $694.1 million, or $6.25 per diluted common share, compared with $485.3 million, or $4.28 per diluted common share in 2023. Non-GAAP net income available to common shareholders of $755.9 million, or $6.81 per diluted common share in 2024.

    Ronald J. Kruszewski, Chairman and Chief Executive Officer, said “Stifel generated record net revenue and the second highest earnings per share in our history in 2024. The fact that we accomplished this level of performance in a year when our Institutional segment was rebounding from a very difficult operating environment in 2023 is a testament to the strength and diversity of our business model. Given our long history of profitable growth, Stifel is well positioned to capitalize on improving market conditions in 2025 and to achieve our short and long term targets.”

    Full Year Highlights

    • The Company reported record net revenues of $4.97 billion driven by higher investment banking revenues, asset management revenues, and transactional revenues, partially offset by lower net interest income.
    • Non-GAAP net income available to common shareholders of $6.81.
    • Record asset management revenues, up 18% over 2023.
    • Record client assets of $501.4 billion, up 13% over 2023.
    • Recruited 100 financial advisors during the year, including 34 experienced employee advisors and 12 experienced independent advisors.
    • Non-GAAP pre-tax margin of 20%.
    • Return on average tangible common equity (ROTCE) (5) of 23%.
    • Tangible book value per common share (7) of $34.99, up 12% from prior year.


    Fourth Quarter Highlights

    • Quarterly record net revenues of $1.36 billion.
    • Non-GAAP net income available to common shareholders of $2.23.
    • Investment banking revenue increased 48% over the year-ago quarter, driven by higher advisory and capital raising revenues.
      • Capital raising revenues increased 50% over the year-ago quarter.
      • Advisory revenues increased 47% over the year-ago quarter.
    • Non-GAAP pre-tax margin of 21%.
    • Annualized ROTCE (5) of 28%.

    Other Highlights

    • Board of Directors authorized a 10% increase in common stock dividend starting in the first quarter of 2025.
    • Announced the acquisition of Bryan, Garnier, & Co.
    Financial Summary (Unaudited)
    (000s) 4Q 2024 4Q 2023 FY 2024 FY 2023
    GAAP Financial Highlights:      
    Net revenues $1,364,682   $1,146,379   $4,970,320   $4,348,944  
    Net income (1) $234,685   $153,164   $694,098   $485,255  
    Diluted EPS (1) $2.09   $1.38   $6.25   $4.28  
    Comp. ratio 58.3%   58.8%   58.7%   58.7%  
    Non-comp. ratio 22.2%   23.2%   22.6%   25.1%  
    Pre-tax margin 19.5%   18.0%   18.7%   16.2%  
    Non-GAAP Financial Highlights:      
    Net revenues $1,364,721   $1,146,419   $4,971,051   $4,348,958  
    Net income (1)(2) $249,710   $166,587   $755,896   $531,524  
    Diluted EPS (1) (2) $2.23   $1.50   $6.81   $4.68  
    Comp. ratio (2) 58.0%   58.0%   58.0%   58.0%  
    Non-comp. ratio (2) 21.3%   22.6%   21.9%   24.3%  
    Pre-tax margin (3) 20.7%   19.4%   20.1%   17.7%  
    ROCE (4) 20.1%   14.6%   15.9%   11.5%  
    ROTCE (5) 28.3%   21.3%   22.7%   16.6%  
    Global Wealth Management (assets and loans in millions)  
    Net revenues $865,209   $766,028   $3,283,960   $3,049,962  
    Pre-tax net income $316,318   $301,360   $1,207,942   $1,215,822  
    Total client assets $501,402   $444,318      
    Fee-based client assets $192,705   $165,301      
    Bank loans, net (6) $21,311   $19,730      
    Institutional Group        
    Net revenues $478,335   $359,292   $1,592,833   $1,226,317  
    Equity $280,159   $200,915   $926,729   $709,286  
    Fixed Income $198,176   $158,377   $666,104   $517,031  
    Pre-tax net income $95,681   $7,771   $223,400   $2,100  

    Global Wealth Management

    Fourth Quarter Results

    Global Wealth Management reported record net revenues of $865.2 million for the three months ended December 31, 2024 compared with $766.0 million during the fourth quarter of 2023. Pre-tax net income was $316.3 million compared with $301.4 million in the fourth quarter of 2023.

    Highlights

    • Client assets of $501.4 billion, up 13% over the year-ago quarter.
    • Fee-based client assets of $192.7 billion, up 17% over the year-ago quarter.
    • Recruited 8 financial advisors during the quarter, including 4 experienced employee advisors with total trailing 12 month production of $8 million.

    Net revenues increased 13% from a year ago:

    • Transactional revenues increased 18% over the year-ago quarter reflecting an increase in client activity.
    • Asset management revenues increased 23% over the year-ago quarter reflecting higher asset values as a result of improved market conditions and net cash inflows.
    • Net interest income decreased 1% from the year-ago quarter primarily as a result of lower rates, partially offset by balance sheet growth.

    Total Expenses:

    • Compensation expense as percent of net revenues increased to 48.5% primarily as a result of higher compensable revenues.
    • Provision for credit losses was primarily impacted by loan growth and a deterioration in certain loans, partially offset by a slightly better macroeconomic forecast.
    • Non-compensation operating expenses as a percent of net revenues increased to 14.9% primarily as a result of higher litigation-related expenses and an increase in the provision for credit losses, partially offset by revenue growth.
    Summary Results of Operations  
    (000s) 4Q 2024 4Q 2023  
    Net revenues $865,209   $766,028    
    Transactional revenues   200,564     169,471    
    Asset management   405,800     330,498    
    Net interest income   254,337     257,920    
    Investment banking   5,198     4,562    
    Other income   (690)     3,577    
    Total expenses $548,891   $464,668    
    Compensation expense   419,466     359,376    
    Provision for credit losses   11,893     (37)    
    Non-comp. opex   117,532     105,329    
    Pre-tax net income $316,318   $301,360    
    Compensation ratio   48.5%     46.9%    
    Non-compensation ratio   14.9%     13.8%    
    Pre-tax margin   36.6%     39.3%    

    Institutional Group

    Fourth Quarter Results

    Institutional Group reported net revenues of $478.3 million for the three months ended December 31, 2024 compared with $359.3 million during the fourth quarter of 2023. Pre-tax net income was $95.7 million compared with $7.8 million in the fourth quarter of 2023.

    Highlights

    Investment banking revenues increased 49% from a year ago:

    • Advisory revenues of $189.9 million increased 47% from the year-ago quarter driven by higher levels of completed advisory transactions.
    • Fixed income capital raising revenues increased 53% over the year-ago quarter primarily driven by higher bond issuances.
    • Equity capital raising revenues increased 52% over the year-ago quarter driven by higher volumes.

    Fixed income transactional revenues increased 16% from a year ago:

    • Fixed income transactional revenues increased from the year-ago quarter driven by improved client engagement and realized trading gains.

    Equity transactional revenues increased 5% from a year ago:

    • Equity transactional revenues increased from the year-ago quarter primarily driven by an increase in equities trading commissions.

    Total Expenses:

    • Compensation expense as a percent of net revenues decreased to 58.6% primarily as a result of higher revenues.
    • Non-compensation operating expenses as a percent of net revenues decreased to 21.4% primarily as a result of revenue growth.
    Summary Results of Operations  
    (000s)  4Q 2024  4Q 2023  
    Net revenues $478,335   $359,292    
    Investment banking   299,221     201,102    
    Advisory   189,912     129,378    
    Fixed income capital raising   61,424     40,214    
    Equity capital raising   47,885     31,510    
    Fixed income transactional   118,700     102,019    
    Equity transactional   59,409     56,501    
    Other   1,005     (330)    
    Total expenses $382,654   $351,521    
    Compensation expense   280,261     248,970    
    Non-comp. opex.   102,393     102,551    
    Pre-tax net income $95,681   $7,771    
    Compensation ratio   58.6%     69.3%    
    Non-compensation ratio   21.4%     28.5%    
    Pre-tax margin   20.0%     2.2%    

    Global Wealth Management

    Full Year Results

    Global Wealth Management reported record net revenues of $3.3 billion for the year ended December 31, 2024 compared with $3.0 billion in 2023. Pre-tax net income of $1.2 billion decreased 1% from 2023.

    Highlights

    • Recruited 100 financial advisors during the year, including 34 experienced employee advisors and 12 experienced independent advisors with total trailing 12 month production of $37 million.

    Net revenues increased 8% from prior year:

    • Transactional revenues increased 15% from prior year reflecting an increase in client activity.
    • Asset management revenues increased 18% from prior year reflecting higher asset values as a result of improved market conditions and net cash inflows.
    • Net interest income decreased 11% from prior year primarily driven by changes in the deposit mix, partially offset by lending growth and higher rates.

    Total Expenses:

    • Compensation expense as a percent of net revenues increased to 48.9% primarily as a result of higher compensable revenues.
    • Provision for credit losses was primarily impacted by loan growth and a deterioration in certain loans, partially offset by a slightly better macroeconomic forecast.
    • Non-compensation operating expenses as a percent of net revenues increased to 14.3% primarily as a result of higher litigation-related expenses and an increase in the provision for credit losses, partially offset by revenue growth.
    Summary Results of Operations  
    (000s) FY 2024 FY 2023  
    Net revenues $3,283,960   $3,049,962    
    Transactional revenues   752,352     654,231    
    Asset management   1,536,296     1,299,361    
    Net interest income   967,712     1,086,628    
    Investment banking   21,475     16,680    
    Other income   6,125     (6,938)    
    Total expenses $2,076,018   $1,834,140    
    Compensation expense   1,605,148     1,415,210    
    Provision for credit losses   25,102     22,699    
    Non-comp. opex   445,768     396,231    
    Pre-tax net income $1,207,942   $1,215,822    
    Compensation ratio   48.9%     46.4%    
    Non-compensation ratio   14.3%     13.7%    
    Pre-tax margin   36.8%     39.9%    

    Institutional Group

    Full Year Results

    Institutional Group reported net revenues of $1.6 billion for the year ended December 31, 2024 compared with $1.2 billion in 2023. Pre-tax net income was $223.4 million compared with $2.1 million in 2023.

    Highlights

    Investment banking revenues increased 36% from prior year:

    • Advisory revenues of $577.4 million increased 24% from prior year driven by higher levels of completed advisory transactions.
    • Fixed income capital raising revenues increased 48% from prior year driven by an increase in our corporate debt issuance business.
    • Equity capital raising revenues increased 74% from prior year driven by higher volumes.

    Fixed income transactional revenues increased 27% from prior year:

    • Fixed income transactional revenues increased from prior year driven by improved client engagement, market volatility, and realized trading gains.

    Equity transactional revenues increased 7% from prior year:

    • Equity transactional revenues increased from prior year driven by an increase in equities trading commissions.

    Total Expenses:

    • Compensation expense as a percent of net revenues decreased to 60.2% primarily as a result of higher revenues.
    • Non-compensation operating expenses as a percent of net revenues decreased to 25.8% as a result of revenue growth and expense discipline.
    Summary Results of Operations  
    (000s)  FY 2024 FY 2023  
    Net revenues $1,592,833   $1,226,317    
    Investment banking   973,356     714,575    
    Advisory   577,432     465,588    
    Fixed income capital raising   209,047     141,647    
    Equity capital raising   186,877     107,340    
    Fixed income transactional   393,013     308,393    
    Equity transactional   215,223     201,413    
    Other   11,241     1,936    
    Total expenses $1,369,433   $1,224,217    
    Compensation expense   959,602     841,671    
    Non-comp. opex.   409,831     382,546    
    Pre-tax net income $223,400   $2,100    
    Compensation ratio   60.2%     68.6%    
    Non-compensation ratio   25.8%     31.2%    
    Pre-tax margin   14.0%     0.2%    

    Other Matters

    Highlights

    • Total assets increased $2.1 billion, or 6%, over the year-ago quarter.
    • The Board of Directors approved a 10% increase in the quarterly dividend to $0.46 per common share starting in the first quarter of 2025.
    • The Company repurchased $45.5 million of its outstanding common stock during the fourth quarter. During 2024, the Company repurchased $242.6 million of its outstanding common stock.
    • Weighted average diluted shares outstanding increased from the year-ago quarter as a result of the increase in share price and a decrease in share repurchases over the comparable period.
    • The effective tax rate was primarily impacted by the benefit related to the tax impact on stock-based compensation.
    • The Board of Directors declared a $0.42 quarterly dividend per share payable on December 16, 2024 to common shareholders of record on December 2, 2024.
    • The Board of Directors declared a quarterly dividend on the outstanding shares of the Company’s preferred stock payable on December 16, 2024 to shareholders of record on December 2, 2024.
      4Q 2024 4Q 2023 FY 2024 FY 2023
    Common stock repurchases      
    Repurchases (000s) $45,461   $141,138   $242,628   $518,296  
    Number of shares (000s)   408     2,345     3,140     8,475  
    Average price $111.30   $60.18   $77.28   $61.16  
    Period end shares (000s)   102,171     101,062     102,171     101,062  
    Weighted average diluted shares outstanding (000s)   112,089     111,330     110,975     113,453  
    Effective tax rate   8.3%     21.1%     21.2%     26.1%  
    Stifel Financial Corp. (8)
    Tier 1 common capital ratio   15.4%     14.2%      
    Tier 1 risk based capital ratio   18.2%     17.2%      
    Tier 1 leverage capital ratio   11.4%     10.5%      
    Tier 1 capital (MM) $4,331   $3,916      
    Risk weighted assets (MM) $23,742   $22,748      
    Average assets (MM) $38,073   $37,451      
    Quarter end assets (MM) $39,896   $37,727      
    Agency Rating Outlook    
    Fitch Ratings BBB+ Stable    
    S&P Global Ratings BBB Stable    

    Conference Call Information

    Stifel Financial Corp. will host its fourth quarter and full year 2024 financial results conference call on Wednesday, January 29, 2025, at 9:30 a.m. Eastern Time. The conference call may include forward-looking statements.

    All interested parties are invited to listen to Stifel’s Chairman and CEO, Ronald J. Kruszewski, by dialing (866) 409-1555 and referencing conference ID 7408307. A live audio webcast of the call, as well as a presentation highlighting the Company’s results, will be available through the Company’s web site, www.stifel.com. For those who cannot listen to the live broadcast, a replay of the broadcast will be available through the above-referenced web site beginning approximately one hour following the completion of the call.

    Company Information

    Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners and Miller Buckfire business divisions; Keefe, Bruyette & Woods, Inc.; and Stifel Independent Advisors, LLC; in Canada through Stifel Nicolaus Canada Inc.; and in the United Kingdom and Europe through Stifel Nicolaus Europe Limited. The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit www.stifel.com/investor-relations/press-releases.

    A financial summary follows. Financial, statistical and business-related information, as well as information regarding business and segment trends, is included in the financial supplement. Both the earnings release and the financial supplement are available online in the Investor Relations section at www.stifel.com/investor-relations.

    The information provided herein and in the financial supplement, including information provided on the Company’s earnings conference calls, may include certain non-GAAP financial measures. The definition of such measures or reconciliation of such measures to the comparable U.S. GAAP figures are included in this earnings release and the financial supplement, both of which are available online in the Investor Relations section at www.stifel.com/investor-relations.

    Cautionary Note Regarding Forward-Looking Statements

    This earnings release contains certain statements that may be deemed to be “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. All statements in this earnings release not dealing with historical results are forward-looking and are based on various assumptions. The forward-looking statements in this earnings release are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among other things, the following possibilities: the ability to successfully integrate acquired companies or the branch offices and financial advisors; a material adverse change in financial condition; the risk of borrower, depositor, and other customer attrition; a change in general business and economic conditions; changes in the interest rate environment, deposit flows, loan demand, real estate values, and competition; changes in accounting principles, policies, or guidelines; changes in legislation and regulation; other economic, competitive, governmental, regulatory, geopolitical, and technological factors affecting the companies’ operations, pricing, and services; and other risk factors referred to from time to time in filings made by Stifel Financial Corp. with the Securities and Exchange Commission. For information about the risks and important factors that could affect the Company’s future results, financial condition and liquidity, see “Risk Factors” in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. Forward-looking statements speak only as to the date they are made. The Company disclaims any intent or obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

    Summary Results of Operations (Unaudited)

      Three Months Ended   Year Ended
    (000s, except per share amounts) 12/31/2024 12/31/2023 % Change 9/30/2024 % Change 12/31/2024 12/31/2023 % Change
    Revenues:                
    Commissions $ 203,786 $ 173,614 17.4   $ 183,445 11.1   $ 756,024 $ 673,597 12.2  
    Principal transactions   174,887   154,377 13.3     137,089 27.6     604,564   490,440 23.3  
    Investment banking   304,419   205,664 48.0     243,182 25.2     994,831   731,255 36.0  
    Asset management   405,825   330,536 22.8     382,616 6.1     1,536,674   1,299,496 18.3  
    Other income   3,294   9,687 (66.0 )   18,705 (82.4 )   43,129   8,747 393.1  
    Operating revenues   1,092,211   873,878 25.0     965,037 13.2     3,935,222   3,203,535 22.8  
    Interest revenue   500,661   516,213 (3.0 )   510,823 (2.0 )   2,016,464   1,955,745 3.1  
    Total revenues   1,592,872   1,390,091 14.6     1,475,860 7.9     5,951,686   5,159,280 15.4  
    Interest expense   228,190   243,712 (6.4 )   251,192 (9.2 )   981,366   810,336 21.1  
    Net revenues   1,364,682   1,146,379 19.0     1,224,668 11.4     4,970,320   4,348,944 14.3  
    Non-interest expenses:                
    Compensation and benefits   795,750   674,437 18.0     718,065 10.8     2,916,229   2,554,581 14.2  
    Non-compensation operating expenses   302,731   265,947 13.8     289,945 4.4     1,125,647   1,087,671 3.5  
    Total non-interest expenses   1,098,481   940,384 16.8     1,008,010 9.0     4,041,876   3,642,252 11.0  
    Income before income taxes   266,201   205,995 29.2     216,658 22.9     928,444   706,692 31.4  
    Provision for income taxes   22,196   43,511 (49.0 )   58,153 (61.8 )   197,065   184,156 7.0  
    Net income   244,005   162,484 50.2     158,505 53.9     731,379   522,536 40.0  
    Preferred dividends   9,320   9,320 0.0     9,320 0.0     37,281   37,281 0.0  
    Net income available to common shareholders $ 234,685 $ 153,164 53.2   $ 149,185 57.3   $ 694,098 $ 485,255 43.0  
    Earnings per common share:                
    Basic $ 2.26 $ 1.47 53.7   $ 1.43 58.0   $ 6.67 $ 4.55 46.6  
    Diluted $ 2.09 $ 1.38 51.4   $ 1.34 56.0   $ 6.25 $ 4.28 46.0  
    Cash dividends declared per common share $ 0.42 $ 0.36 16.7   $ 0.42 0.0   $ 1.68 $ 1.44 16.7  
    Weighted average number of common shares outstanding:          
    Basic   103,856   103,934 (0.1 )   103,966 (0.1 )   104,066   106,661 (2.4 )
    Diluted   112,089   111,330 0.7     110,994 1.0     110,975   113,453 (2.2 )

    Non-GAAP Financial Measures (9)

      Three Months Ended Year Ended
    (000s, except per share amounts) 12/31/2024 12/31/2023 12/31/2024 12/31/2023
    GAAP net income $244,005   $162,484   $731,379   $522,536  
    Preferred dividend   9,320     9,320     37,281     37,281  
    Net income available to common shareholders   234,685     153,164     694,098     485,255  
             
    Non-GAAP adjustments:        
    Merger-related (10)   16,820     16,921     60,745     63,222  
    Restructuring and severance (11)   (430)         10,792      
    Provision for income taxes (12)   (1,365)     (3,498)     (9,739)     (16,953)  
    Total non-GAAP adjustments   15,025     13,423     61,798     46,269  
    Non-GAAP net income available to common shareholders $249,710   $166,587   $755,896   $531,524  
             
    Weighted average diluted shares outstanding   112,089     111,330     110,975     113,453  
             
    GAAP earnings per diluted common share $2.18   $1.46   $6.59   $4.61  
    Non-GAAP adjustments   0.14     0.12     0.56     0.40  
    Non-GAAP earnings per diluted common share $2.32   $1.58   $7.15   $5.01  
             
    GAAP earnings per diluted common share available to common shareholders $2.09   $1.38   $6.25   $4.28  
    Non-GAAP adjustments   0.14     0.12     0.56     0.40  
    Non-GAAP earnings per diluted common share available to common shareholders $2.23   $1.50   $6.81   $4.68  


    GAAP to Non-GAAP Reconciliation
    (9)

      Three Months Ended Year Ended
    (000s) 12/31/2024 12/31/2023 12/31/2024 12/31/2023
    GAAP compensation and benefits $795,750   $674,437   $2,916,229   $2,554,581  
    As a percentage of net revenues   58.3%     58.8%     58.7%     58.7%  
    Non-GAAP adjustments:        
    Merger-related (10)   (4,641)     (9,203)     (22,039)     (32,150)  
    Restructuring and severance (11)   430         (10,792)      
    Total non-GAAP adjustments   (4,211)     (9,203)     (32,831)     (32,150)  
    Non-GAAP compensation and benefits $791,539   $665,234   $2,883,398   $2,522,431  
    As a percentage of non-GAAP net revenues   58.0%     58.0%     58.0%     58.0%  
             
    GAAP non-compensation expenses $302,731   $265,947   $1,125,647   $1,087,671  
    As a percentage of net revenues   22.2%     23.2%     22.6%     25.1%  
    Non-GAAP adjustments:        
    Merger-related (10)   (12,140)     (7,678)     (37,975)     (31,058)  
    Non-GAAP non-compensation expenses $290,591   $258,269   $1,087,672   $1,056,613  
    As a percentage of non-GAAP net revenues   21.3%     22.6%     21.9%     24.3%  
    Total adjustments $16,390   $16,921   $71,537   $63,222  

    Footnotes

    (1)   Represents available to common shareholders.

    (2)   Reconciliations of the Company’s GAAP results to these non-GAAP measures are discussed within and under “Non-GAAP Financial Measures” and “GAAP to Non-GAAP Reconciliation.”

    (3)   Non-GAAP pre-tax margin is calculated by adding total non-GAAP adjustments and dividing it by non-GAAP net revenues. See “Non-GAAP Financial Measures” and “GAAP to Non-GAAP Reconciliation.”

    (4)   Return on average common equity (“ROCE”) is calculated by dividing annualized net income applicable to common shareholders by average common shareholders’ equity or, in the case of non-GAAP ROCE, calculated by dividing non-GAAP net income applicable to commons shareholders by average common shareholders’ equity.

    (5)   Return on average tangible common equity (“ROTCE”) is calculated by dividing annualized net income applicable to common shareholders by average tangible shareholders’ equity or, in the case of non-GAAP ROTCE, calculated by dividing non-GAAP net income applicable to common shareholders by average tangible common equity. Tangible common equity, also a non-GAAP financial measure, equals total common shareholders’ equity less goodwill and identifiable intangible assets and the deferred taxes on goodwill and intangible assets. Average deferred taxes on goodwill and intangible assets was $80.3 million and $71.1 million as of December 31, 2024 and 2023, respectively.

    (6)   Includes loans held for sale.

    (7)   Tangible book value per common share represents shareholders’ equity (excluding preferred stock) divided by period end common shares outstanding. Tangible common shareholders’ equity equals total common shareholders’ equity less goodwill and identifiable intangible assets and the deferred taxes on goodwill and intangible assets.

    (8)   Capital ratios are estimates at time of the Company’s earnings release, January 29, 2025.

    (9)   The Company prepares its Consolidated Financial Statements using accounting principles generally accepted in the United States (U.S. GAAP). The Company may disclose certain “non-GAAP financial measures” in the course of its earnings releases, earnings conference calls, financial presentations and otherwise. The Securities and Exchange Commission defines a “non-GAAP financial measure” as a numerical measure of historical or future financial performance, financial position, or cash flows that is subject to adjustments that effectively exclude, or include, amounts from the most directly comparable measure calculated and presented in accordance with U.S. GAAP. Non-GAAP financial measures disclosed by the Company are provided as additional information to analysts, investors and other stakeholders in order to provide them with greater transparency about, or an alternative method for assessing the Company’s financial condition or operating results. These measures are not in accordance with, or a substitute for U.S. GAAP, and may be different from or inconsistent with non-GAAP financial measures used by other companies. Whenever the Company refers to a non-GAAP financial measure, it will also define it or present the most directly comparable financial measure calculated and presented in accordance with U.S. GAAP, along with a reconciliation of the differences between the non-GAAP financial measure it references and such comparable U.S. GAAP financial measure.

    (10)   Primarily related to charges attributable to integration-related activities, signing bonuses, amortization of restricted stock awards, debentures, and promissory notes issued as retention, additional earn-out expense, and amortization of intangible assets acquired. These costs were directly related to acquisitions of certain businesses and are not representative of the costs of running the Company’s on-going business.

    (11)   The Company recorded severance costs associated with workforce reductions in certain of its foreign subsidiaries.

    (12)   Primarily represents the Company’s effective tax rate for the period applied to the non-GAAP adjustments.

    Media Contact: Neil Shapiro (212) 271-3447 | Investor Contact: Joel Jeffrey (212) 271- 3610 | www.stifel.com/investor-relations 

    The MIL Network