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  • MIL-OSI USA News: Imposing Duties to Address the Synthetic Opioid Supply Chain in the People’s Republic of China

    Source: The White House

         By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.) (NEA), section 604 of the Trade Act of 1974, as amended (19 U.S.C. 2483), and section 301 of title 3, United States Code,

         I, DONALD J. TRUMP, President of the United States of America, find that the sustained influx of synthetic opioids has profound consequences on our Nation, including by killing approximately two hundred Americans per day, putting a severe strain on our healthcare system, ravaging our communities, and destroying our families.  Synthetic opioid overdose is the leading cause of death for people aged 18 to 45 in the United States. 

         During my first term, I took steps to end the direct flow of fentanyl and other synthetic opioids from the People’s Republic of China (PRC) to the United States.  Since then, the Chinese Communist Party (CCP), which exerts ultimate control over the government and enterprises of the PRC, has subsidized and otherwise incentivized PRC chemical companies to export fentanyl and related precursor chemicals that are used to produce synthetic opioids sold illicitly in the United States. 

         Furthermore, the PRC provides support to and safe haven for PRC-origin transnational criminal organizations (TCOs) that launder the revenues from the production, shipment, and sale of illicit synthetic opioids.  These PRC-origin TCOs coordinate and communicate using PRC social media software applications in the conduct of their business.

         Many PRC-based chemical companies also go to great lengths to evade law enforcement and hide illicit substances in the flow of legitimate commerce.  Some of the techniques employed by these PRC-based companies to conceal the true contents of the parcels and the identity of the distributors include the use of re-shippers in the United States, false invoices, fraudulent postage, and deceptive packaging.   While more than 500,000 pounds of drugs have been seized at the southern border each of the last 3 fiscal years, in addition, more than 42,000 pounds of drugs have been seized at the northern border each year on average over the last 3 years.  Illicit drugs kill tens of thousands of Americans each year, including 75,000 deaths per year attributed to fentanyl alone.

         The influx of these drugs to our Nation threatens the fabric of our society.  The PRC plays a central role in this challenge, not merely by failing to stem the ultimate source of many illicit drugs distributed in the United States, but by actively sustaining and expanding the business of poisoning our citizens.

         The flow of contraband drugs like fentanyl to the United States through illicit distribution networks has created a national emergency, including a public health crisis in the United States, as outlined in the Presidential Memorandum of January 20, 2025 (America First Trade Policy), Proclamation 10886 of January 20, 2025 (Declaring a National Emergency at the Southern Border of the United States), and Executive Order 14157 of January 20, 2025 (Designating Cartels and Other Organizations as Foreign Terrorist Organizations and Specially Designated Global Terrorists). 

         Despite multiple attempts to resolve this crisis at its root source through bilateral dialogue, PRC officials have failed to follow through with the decisive actions needed to stem the flow of precursor chemicals to known criminal cartels and shut down the money laundering TCOs.  The PRC implements the most sophisticated domestic surveillance network coupled with the most comprehensive domestic law enforcement apparatus in the world.  The PRC also routinely exerts extraterritorial reach across the globe to threaten, harass, and suppress what it views as political dissent.  As such, the CCP does not lack the capacity to severely blunt the global illicit opioid epidemic; it simply is unwilling to do so.

         Immediate action is required to address the national emergency I declared and to finally end this emergency, including the public health crisis caused by opioid use and addiction, which will not happen until the full compliance and cooperation of the PRC government is assured.
    I hereby determine and order:
         Section 1.  (a)  As President of the United States, my highest duty is the defense of the country and its citizens.  I will not stand by and allow our citizens to be poisoned, our laws to be trampled, our communities to be ravaged, or our families to be destroyed.

         I previously declared a national emergency with respect to the grave threat to the United States posed by the influx of illegal aliens and drugs into the United States in Proclamation 10886.  Pursuant to the NEA, I hereby expand the scope of the national emergency declared in that proclamation to cover the failure of the PRC government to arrest, seize, detain, or otherwise intercept chemical precursor suppliers, money launderers, other TCOs, criminals at large, and drugs.  In addition, this failure to act constitutes an unusual and extraordinary threat, which has its source in substantial part outside the United States, to the national security, foreign policy, and economy of the United States.  I hereby declare and reiterate a national emergency under the NEA and IEEPA to deal with that threat.  This national emergency requires decisive and immediate action, and I have decided to impose, consistent with law, ad valorem tariffs on articles that are products of the PRC as set forth in this order.  In doing so, I invoke my authority under section 1702(a)(1)(B) of IEEPA, and specifically find that action under other authority to impose tariffs is inadequate to address this unusual and extraordinary threat.

         Sec. 2.  (a)  All articles that are products of the PRC, as defined by the Federal Register notice described in section 2(d) of this order (the Federal Register notice), shall be, consistent with law, subject to an additional 10 percent ad valorem rate of duty.  Such rate of duty shall apply with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern time on February 4, 2025, except that goods entered for consumption, or withdrawn from warehouse for consumption, after such time that were loaded onto a vessel at the port of loading or in transit on the final mode of transport prior to entry into the United States before 12:01 a.m. eastern time on February 1, 2025, shall not be subject to such additional duty, only if the importer certifies to U.S. Customs and Border Protection within the Department of Homeland Security as specified in the Federal Register notice. 
         (b)  The rates of duty established by this order are in addition to any other duties, fees, exactions, or charges applicable to such imported articles. 
         (c)  Should the PRC retaliate against the United States in response to this action through import duties on United States exports to the PRC or similar measures, the President may increase or expand in scope the duties imposed under this Executive Order to ensure the efficacy of this action.
         (d)  In order to establish the duty rate on imports of articles that are products of the PRC, the Secretary of Homeland Security shall determine the modifications necessary to the Harmonized Tariff Schedule of the United States (HTSUS) in order to effectuate the objectives of this order consistent with law and shall make such modifications to the HTSUS through notice in the Federal Register.  The modifications made to the HTSUS by this notice shall be effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern time on February 4, 2025, except as otherwise noted in subsection 2(a) of this section, and shall continue in effect until such actions are expressly reduced, modified, or terminated.
         (e)  Articles that are products of the PRC, except those that are eligible for admission under “domestic status” as defined in 19 CFR 146.43, which are subject to the duties imposed by this order and are admitted into a United States foreign trade zone on or after 12:01 a.m. eastern time on February 4, 2025, except as otherwise noted in subsection 2(a) of this section, must be admitted as “privileged foreign status” as defined in 19 CFR 146.41.  Such articles will be subject upon entry for consumption to the rates of duty related to the classification under the applicable HTSUS subheading in effect at the time of admittance into the United States foreign trade zone. 
         (f)  No drawback shall be available with respect to the duties imposed pursuant to this order. 
         (g)  For avoidance of doubt, duty-free de minimis treatment under 19 U.S.C. 1321 shall not be available for the articles described in subsection (a) of this section. 
         (h)  Any prior Presidential Proclamation, Executive Order, or other presidential directive or guidance related to trade with the PRC that is inconsistent with the direction in this order is hereby terminated, suspended, or modified to the extent necessary to give full effect to this order. 
         (i)  The articles described in subsection (a) of this section shall exclude those encompassed by 50 U.S.C. 1702(b).

         Sec. 3.  (a)  The Secretary of Homeland Security shall regularly consult with the Secretary of State, the Attorney General, the Assistant to the President for National Security Affairs, the Attorney General, and the Assistant to the President for Homeland Security on the situation regarding the PRC.  The Secretary of Homeland Security shall inform the President of any circumstances that, in the opinion of the Secretary of Homeland Security, indicate that the PRC government has taken adequate steps to alleviate the opioid crisis through cooperative actions.  Upon the President’s determination of sufficient action to alleviate the crisis, the tariffs described in section 2 of this order will be removed.
         (b)  The Secretary of Homeland Security, in coordination with the Secretary of State, the Attorney General, the Assistant to the President for National Security Affairs, and the Assistant to the President for Homeland Security, shall recommend additional action, if necessary, should the PRC fail to take adequate steps to alleviate the illicit drug crisis through cooperative enforcement actions.

         Sec. 4.  The Secretary of Homeland Security, in consultation with the Secretary of the Treasury, the Attorney General, and the Secretary of Commerce, is hereby authorized to take such actions, including adopting rules and regulations, and to employ all powers granted to the President by IEEPA as may be necessary to implement this order.  The Secretary of Homeland Security may, consistent with applicable law, redelegate any of these functions within the Department of Homeland Security.  All executive departments and agencies shall take all appropriate measures within their authority to implement this order.

         Sec. 5.  The Secretary of Homeland Security, in coordination with the Secretary of the Treasury, the Secretary of Commerce, the Assistant to the President for National Security Affairs, the Attorney General, and the Assistant to the President for Homeland Security, is hereby authorized to submit recurring and final reports to the Congress on the national emergency under IEEPA declared in this order, consistent with section 401(c) of the NEA (50 U.S.C. 1641(c)) and section 204(c) of IEEPA (50 U.S.C. 1703(c)).

         Sec. 6.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect:
         (i)   the authority granted by law to an executive department, agency, or the head thereof; or
         (ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.
         (b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.
         (c) This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    THE WHITE HOUSE,
        February 1, 2025.

    MIL OSI USA News –

  • MIL-OSI USA News: Imposing Duties to Address the Flow of Illicit Drugs Across Our Northern Border

    Source: The White House

         By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.) (NEA), section 604 of the Trade Act of 1974, as amended (19 U.S.C. 2483), and section 301 of title 3, United States Code,

    I, DONALD J. TRUMP, President of the United States of America, find that the sustained influx of illicit opioids and other drugs has profound consequences on our Nation, endangering lives and putting a severe strain on our healthcare system, public services, and communities.

    This challenge threatens the fabric of our society.  Gang members, smugglers, human traffickers, and illicit drugs of all kinds have poured across our borders and into our communities.  Canada has played a central role in these challenges, including by failing to devote sufficient attention and resources or meaningfully coordinate with United States law enforcement partners to effectively stem the tide of illicit drugs.

    Drug trafficking organizations (DTOs) are the world’s leading producers of fentanyl, methamphetamine, cocaine, and other illicit drugs, and they cultivate, process, and distribute massive quantities of narcotics that fuel addiction and violence in communities across the United States.  These DTOs often collaborate with transnational cartels to smuggle illicit drugs into the United States, utilizing clandestine airstrips, maritime routes, and overland corridors. 

    The challenges at our southern border are foremost in the public consciousness, but our northern border is not exempt from these issues.  Criminal networks are implicated in human trafficking and smuggling operations, enabling unvetted illegal migration across our northern border.  There is also a growing presence of Mexican cartels operating fentanyl and nitazene synthesis labs in Canada.  The flow of illicit drugs like fentanyl to the United States through both illicit distribution networks and international mail — due, in the case of the latter, to the existing administrative exemption from duty and taxes, also known as de minimis, under section 1321 of title 19, United States Code — has created a public health crisis in the United States, as outlined in the Presidential Memorandum of January 20, 2025 (America First Trade Policy) and Executive Order 14157 of January 20, 2025 (Designating Cartels and Other Organizations as Foreign Terrorist Organizations and Specially Designated Global Terrorists).  With respect to smuggling of illicit drugs across our northern border, Canada’s Financial Transactions and Reports Analysis Centre recently published a study on the laundering of proceeds of illicit synthetic opioids, which recognized Canada’s heightened domestic production of fentanyl, largely from British Columbia, and its growing footprint within international narcotics distribution.  Despite a North American dialogue on the public health impacts of illicit drugs since 2016, Canadian officials have acknowledged that the problem has only grown.  And while U.S. Customs and Border Protection (CBP) within the Department of Homeland Security seized, comparatively, much less fentanyl from Canada than from Mexico last year, fentanyl is so potent that even a very small parcel of the drug can cause many deaths and destruction to America families.  In fact, the amount of fentanyl that crossed the northern border last year could kill 9.5 million Americans.

    Immediate action is required to finally end this public health crisis and national emergency, which will not happen unless the compliance and cooperation of Canada is assured.

    I hereby determine and order:

         Section 1.  (a)  As President of the United States, my highest duty is the defense of the country and its citizens.  A Nation without borders is not a nation at all.  I will not stand by and allow our sovereignty to be eroded, our laws to be trampled, our citizens to be endangered, or our borders to be disrespected anymore.

    I previously declared a national emergency with respect to the grave threat to the United States posed by the influx of illegal aliens and illicit drugs into the United States in Proclamation 10886 of January 20, 2025 (Declaring a National Emergency at the Southern Border).  Pursuant to the NEA, I hereby expand the scope of the national emergency declared in that Proclamation to cover the threat to the safety and security of Americans, including the public health crisis of deaths due to the use of fentanyl and other illicit drugs, and the failure of Canada to do more to arrest, seize, detain, or otherwise intercept DTOs, other drug and human traffickers, criminals at large, and drugs.  In addition, this failure to act on the part of Canada constitutes an unusual and extraordinary threat, which has its source in substantial part outside the United States, to the national security and foreign policy of the United States.  I hereby declare and reiterate a national emergency under the NEA and IEEPA to deal with that threat.  This national emergency requires decisive and immediate action, and I have decided to impose, consistent with law, ad valorem tariffs on articles that are products of Canada set forth in this order.  In doing so, I invoke my authority under section 1702(a)(1)(B) of IEEPA and specifically find that action under other authority to impose tariffs is inadequate to address this unusual and extraordinary threat.

         Sec. 2.  (a)  All articles that are products of Canada as defined by the Federal Register notice described in subsection (e) of this section (Federal Register notice), and except for those products described in subsection (b) of this section, shall be, consistent with law, subject to an additional 25 percent ad valorem rate of duty.  Such rate of duty shall apply with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern time on February 4, 2025, except that goods entered for consumption, or withdrawn from warehouse for consumption, after such time that were loaded onto a vessel at the port of loading or in transit on the final mode of transport prior to entry into the United States before 12:01 a.m. eastern time on February 1, 2025, shall not be subject to such additional duty, only if the importer certifies to CBP as specified in the Federal Register notice. 

    (b)  With respect to energy or energy resources, as defined in section 8 of Executive Order 14156 of January 20, 2025 (Declaring a National Energy Emergency), and as otherwise included in the Federal Register notice, such articles that are products of Canada as defined by the Federal Register notice shall be, consistent with law, subject to an additional 10 percent ad valorem rate of duty.  Such rate of duty shall apply with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern time on February 4, 2025, except that goods entered for consumption, or withdrawn from warehouse for consumption, after such time that were loaded onto a vessel at the port of loading or in transit on the final mode of transport prior to entry into the United States before 12:01 a.m. eastern time on February 1, 2025, shall not be subject to such additional duty, only if the importer certifies to CBP as specified in the Federal Register notice.  

    (c)  The rates of duty established by this order are in addition to any other duties, fees, exactions, or charges applicable to such imported articles. 

    (d)  Should Canada retaliate against the United States in response to this action through import duties on United States exports to Canada or similar measures, the President may increase or expand in scope the duties imposed under this order to ensure the efficacy of this action.

    (e)  In order to establish the duty rate on imports of articles that are products of Canada, the Secretary of Homeland Security shall determine the modifications necessary to the Harmonized Tariff Schedule of the United States (HTSUS) in order to effectuate this order consistent with law and shall make such modifications to the HTSUS through notice in the Federal Register.  The modifications made to the HTSUS by this notice shall be effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern time on February 4, 2025, and shall continue in effect until such actions are expressly reduced, modified, or terminated.

    (f)  Articles that are products of Canada, except those that are eligible for admission under “domestic status” as defined in 19 CFR 146.43, which are subject to the duties imposed by this order and are admitted into a United States foreign trade zone on or after 12:01 a.m. eastern time on February 4, 2025, except as otherwise noted in subsections (a) and (b) of this section, must be admitted as “privileged foreign status” as defined in 19 CFR 146.41.  Such articles will be subject upon entry for consumption to the rates of duty related to the classification under the applicable HTSUS subheading in effect at the time of admittance into the United States foreign trade zone. 

    (g)  No drawback shall be available with respect to the duties imposed pursuant to this order. 

    (h)  For avoidance of doubt, duty-free de minimis treatment under 19 U.S.C. 1321 shall not be available for the articles described in subsection (a) and subsection (b) of this section.

         (i)  Any prior Presidential Proclamation, Executive Order, or other Presidential directive or guidance related to trade with Canada that is inconsistent with the direction in this order is hereby terminated, suspended, or modified to the extent necessary to give full effect to this order. 

         (j)  The articles described in subsection (a) and subsection (b) of this section shall exclude those encompassed by 50 U.S.C. 1702(b).

         Sec. 3.  (a)  The Secretary of Homeland Security shall regularly consult with the Secretary of State, the Attorney General, the Assistant to the President for National Security Affairs, and the Assistant to the President for Homeland Security on the situation at our northern border.  The Secretary of Homeland Security shall inform the President of any circumstances that, in the opinion of the Secretary of Homeland Security, indicate that the Government of Canada has taken adequate steps to alleviate this public health crisis through cooperative enforcement actions.  Upon the President’s determination of sufficient action to alleviate the crisis, the tariffs described in section 2 of this order shall be removed.

    (b)  The Secretary of Homeland Security, in coordination with the Secretary of State, the Attorney General, the Assistant to the President for National Security Affairs, and the Assistant to the President for Homeland Security, shall recommend additional action, if necessary, should the Government of Canada fail to take adequate steps to alleviate the illegal migration and illicit drug crises through cooperative enforcement actions.

         Sec. 4.  The Secretary of Homeland Security, in consultation with the Secretary of the Treasury, the Attorney General, and the Secretary of Commerce, is hereby authorized to take such actions, including adopting rules and regulations, and to employ all powers granted to the President by IEEPA as may be necessary to implement this order.  The Secretary of Homeland Security may, consistent with applicable law, redelegate any of these functions within the Department of Homeland Security.  All executive departments and agencies shall take all appropriate measures within their authority to implement this order.

         Sec. 5.  The Secretary of Homeland Security, in coordination with the Secretary of the Treasury, the Attorney General, the Secretary of Commerce, the Assistant to the President for National Security Affairs, and the Assistant to the President for Homeland Security, is hereby authorized to submit recurring and final reports to the Congress on the national emergency under IEEPA declared in this order, consistent with section 401(c) of the NEA (50 U.S.C. 1641(c)) and section 204(c) of IEEPA (50 U.S.C. 1703(c)).

         Sec. 6.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect:

    (i)   the authority granted by law to an executive department, agency, or the head thereof; or

    (ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.

    (b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.

    (c)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

    THE WHITE HOUSE,

        February 1, 2025.

    MIL OSI USA News –

  • MIL-OSI Economics: Apple Music kicks off Kendrick Lamar’s Road to Halftime ahead of Super Bowl LIX

    Source: Apple

    Headline: Apple Music kicks off Kendrick Lamar’s Road to Halftime ahead of Super Bowl LIX

    February 3, 2025

    PRESS RELEASE

    Apple Music kicks off Kendrick Lamar’s Road to Halftime ahead of Super Bowl LIX

    Tune in to the Apple Music Super Bowl LIX Halftime Show press conference for The Official Kendrick Lamar Interview on February 6 at 10 a.m. CT on Apple Music

    CUPERTINO, CALIFORNIA Apple today announced Apple Music is celebrating Kendrick Lamar’s Road to Halftime with a spotlight on the era-defining artist who has made a seismic impact on hip-hop and culture.

    Coming off of a remarkable year, Kendrick was among the top 10 artists of 2024 globally, with his latest album, GNX, soaring to No. 1 in 129 countries upon release, while “Not Like Us” was the top-streamed song on Apple Music worldwide. Throughout his career, Kendrick has seen nine albums top Apple Music’s top albums chart in more than 160 countries.

    “Throughout his career, Kendrick Lamar hasn’t met the cultural moment so much as he’s defined it,” said Rachel Newman, Apple Music’s global head of content and editorial. “He is an artist’s artist — authentic to his core. We couldn’t be more thrilled to watch him headline the third Apple Music Super Bowl Halftime Show this year, in what’s sure to be another moment we’ll all be talking about for decades.”

    Fans can get ready for the big event with a wide selection of music and exclusive content, from the first-look trailer Kendrick shared last month; to exclusive playlists curated by New Orleans musicians, NFL players, and teams; to over 100 hours of dedicated Apple Music Radio programming. It all leads up to the highly anticipated Apple Music Super Bowl LIX Halftime Show on Sunday, February 9, at the Caesars Superdome in New Orleans.

    To access it all, check out Kendrick’s Road to Halftime on Apple Music.

    The Halftime Show Press Conference

    On Thursday, February 6, at 10 a.m. CT, Apple Music Radio hosts Ebro Darden and Nadeska Alexis will sit down with Kendrick at the Apple Music Super Bowl LIX Halftime Show press conference for the headliner’s official interview. Viewers can tune in live or watch on demand on Apple Music at apple.co/applemusichalftime or Apple Podcasts; on YouTube, Facebook, and X; or on the NFL Network.

    Before the interview, fans can also tune in to the Apple Music Radio pre-show at 9:30 a.m. CT featuring Apple Music Radio hosts Zane Lowe and Eddie Francis, alongside Ebro and Nadeska. The live show will highlight Apple Music’s biggest moments of the past year and feature special guests during a look back at iconic halftime performances.

    100 Hours of Programming on Apple Music Radio

    The award-winning Apple Music Radio will be on the ground and in the stands for a full four-day takeover starting February 6 across New Orleans and Los Angeles. Exclusive programming will include daily “Live from Super Bowl LIX NOLA” broadcasts with Zane, Ebro, Nadeska, and Eddie as they shine a light on the city’s music culture while connecting with artists, athletes, and other notable voices. “Super Bowl LIX LA” broadcasts with Apple Music Radio hosts Hanuman, Brooke Reese, Estelle, Jayde Donovan, and newly added Evelyn Sicairos and Lechero will reflect on the New Orleans fanfare, as well as celebrate Kendrick’s music and hometown back in L.A.

    “Kendrick Lamar: Hip-Hop’s MVP” hosted by Ebro will celebrate Kendrick’s catalog and take listeners on a chronological journey through the milestones in Kendrick’s career and discography.

    And on Saturday before the game, Apple Music will bring the New Orleans club scene to listeners with mixes from NOLA DJs Legatron Prime, DJ Poppa, Mannie Fresh, and KLC the Drum Major. Mustard will spin a special Kendrick Lamar Megamix.

    Listeners can tune in at apple.co/_Radio.

    The Story of Kendrick Lamar in 20 Songs

    Available on Apple Music and Apple News, “The Story of Kendrick Lamar in 20 Songs” offers a captivating glimpse into Kendrick’s remarkable ability to continually redefine the tropes and forms of classic hip-hop.

    Bonus Content from Shazam

    Fans who use the Shazam app to identify Kendrick Lamar songs throughout the week leading up to the performance can access the Apple Music Super Bowl Halftime Show event page, where they’ll find bonus content like a custom Apple Watch face and iPhone wallpaper. They can also save the concert to receive timely reminders for the Set List playlist and photos from the show.

    Apple Music’s Biggest Offer Ever

    Those who are not yet subscribed can check out Apple Music’s biggest offer ever. For a limited time, new and eligible subscribers can get six months of Apple Music for $2.99.

    More to Explore Across Apple Services

    Across Apple services, fans can explore with Apple Maps Guides to New Orleans, catch up on the latest with Apple News, and get moving with a new Artist Spotlight series on Apple Fitness+.

    New Ways to Navigate New Orleans with Apple Maps
     Last week, Apple Maps unveiled new ways visitors and locals alike can explore New Orleans, including a Detailed City Experience and 3D landmarks that bring to life some of the city’s most iconic locations — including Cafe Du Monde, the Steamboat NATCHEZ, and Caesars Superdome — in a visually stunning view. The Detailed City Experience delivers amazing details to help users navigate the city, including road markings, land cover, and public transit routes.

    Apple Maps has also added a new Guide to its Hyperlocal series, this time curated by Lisa Jackson, Apple’s vice president of Environment, Policy, and Social Initiatives. Lisa shares some of her favorite spots for food, music, and more in her hometown of New Orleans.

    All the Latest Updates on Apple News
    Starting today, Apple News will offer a dedicated hub that delivers special coverage of Super Bowl LIX. From media day to kickoff, fans will find the latest news on the game from local and national sports publishers like The Athletic, Sports Illustrated, The Kansas City Star, and The Philadelphia Inquirer.

    NFL fans can also sign up for personalized news notifications to all of the week’s top football stories curated by the Apple News editors, and during the Super Bowl, the Apple News app will feature the latest highlights, as well as the buzziest commercials and halftime show.

    With the free Apple Sports app for iPhone,1 fans can follow the big game in real time right on their Lock Screen with Live Activities,2 and go deeper in-app with full play-by-play information, team stats, box scores, and live betting odds.

    A Special Fitness+ Artist Spotlight
    The Artist Spotlight series on Fitness+ dedicates entire workout playlists to a single artist, and the latest installment — available starting today — celebrates the music of Kendrick Lamar. This special series features Cycling, HIIT, Strength, Yoga, Pilates, and Kickboxing workouts, all set exclusively to his music.

    Supporting Education and Creativity in New Orleans

    Apple has long-standing community partnerships in New Orleans, with a focus on supporting education and creativity in the community. This includes working with the Ellis Marsalis Center for Music (EMCM) to expand access to youth music and technology education, helping Arts New Orleans provide opportunities for aspiring artists through their Young Artist Movement (YAM) program, and equipping students at Delgado Community College with the tools and resources to produce their own podcast about local culture and history. On Saturday, February 8, audiences around the world can tune in to the Super Bowl Host Committee Parade to see the Apple Music-sponsored float, designed on iPad by YAM artists and featuring the EMCM youth jazz ensemble.

    About Apple Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV+. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.

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

    Press Contacts

    Cat Franich

    Apple

    cfranich@apple.com

    Kimberly Mai

    Apple

    k_mai@apple.com

    Apple Media Helpline

    media.help@apple.com

    MIL OSI Economics –

  • MIL-OSI Economics: New Orleans students showcase their creativity with iPad and Mac

    Source: Apple

    Headline: New Orleans students showcase their creativity with iPad and Mac

    February 3, 2025

    UPDATE

    New Orleans students showcase their creativity with iPad and Mac

    With all eyes on New Orleans, Apple community partners Ellis Marsalis Center for Music and Arts New Orleans put the city’s aspiring young artists in the spotlight

    On a drizzly, overcast afternoon, all is quiet at the intersection of Bartholomew and Prieur streets in New Orleans’ historic Ninth Ward. The quiet neighborhood around the Ellis Marsalis Center for Music (EMCM) feel worlds away from the historic French Quarter packed with jazz clubs, bars, restaurants, and markets.

    At 3 p.m., the tempo begins to shift — slowly at first, as youth ranging in age from 8 to 18 file through the blue building’s front gate, instruments in tow. The hallways grow steadily louder with the sounds of laughter, footsteps, stray musical notes, and teachers greeting their students. The fledgling musicians begin cycling through their four classes for the day: piano, homework help, an instrument of their choosing, and coding — a required course that stems from the center’s ongoing partnership with Apple.

    Launched in 2019, the collaboration with Apple has allowed EMCM to expand its curriculum, adding a suite of tech-focused courses that complement the world-class music education the center provides to students.

    “I know some people wonder, ‘Why is a music institution teaching coding?’ For us, it’s all connected — it’s part of a digital tapestry,” says Lisa Dabney, the center’s executive director. “It’s about closing the digital divide by giving students access to technology and introducing them to different types of diverse, long-term career opportunities, including pathways in music technology and beyond. In a community where many homes lack access to iPads and computers, this partnership with Apple helps us put the power of technology directly in our students’ hands, opening doors to creative and professional futures they might have never imagined.”

    Apple’s support for EMCM is part of the company’s broader long-standing commitment to uplift and amplify youth creativity in New Orleans through technology. As budding musicians at EMCM learn to code and mix new tracks with Logic Pro and GarageBand, students at Delgado Community College are producing their own podcast about local cultural icons, and young artists at Arts New Orleans have used iPad to design a new mural fans will see on their way to the Superdome this weekend.

    “We love to see technology and creativity supporting one another, and it’s such a joy to see that in action here in my hometown of New Orleans,” said Lisa Jackson, Apple’s vice president of Environment, Policy, and Social Initiatives. “Creativity, art, and music are in our DNA. Our teams are really excited to keep working with our amazing community partners and the talented young people who light up this city.”

    EMCM’s holistic and ever-evolving programming stems directly from its namesake, who wanted to ensure that the next generation had the chance to carry on the city’s vibrant cultural legacy. This work felt especially important in the Ninth Ward — a neighborhood renowned for being home to many iconic musicians, civil rights activists, and educators — that had been disproportionately impacted by Hurricane Katrina in 2005.

    “At the heart of the center’s curriculum is our founder’s belief that truly understanding music begins with learning to hear it,” explains Dabney. “Piano plays a key role in this process by helping students develop critical listening skills, connect deeply with music, and build a strong foundation in music theory. For this reason, piano has been a required class for all students, in addition to their primary instrument.”

    That same foundational approach to learning now extends to coding and audio engineering courses. In the center’s Mac lab, students use the latest hardware and software to learn coding basics with Apple’s Everyone Can Code and Swift Playgrounds frameworks. And in the on-site music studio, they learn how to engineer their own tracks with apps like GarageBand and Logic Pro. Students also get access to their own iPad every semester, allowing them to take what they’ve learned in their classes and build on those skills at home.

    The audio engineering courses — made possible through Apple’s support — are among the center’s newer offerings for high school-aged students.

    “Here in New Orleans, we have hotels, we have clubs, we have conventions, and we have probably more festivals than anybody in the world. And all of them need audio,” explains Dr. Daryl Dickerson, the center’s longtime director of music education. “This is a job you can learn now, and for the rest of your life, you can do it. If you learn how to capture and edit audio at a young age, you can evolve that into a career.”

    For Jacob Jones Jr., a high school senior who plays the saxophone, trumpet, and piano, Dr. Dickerson’s Saturday afternoon audio engineering class has created a whole new framework for thinking about music.

    “You can make a sound on an instrument, and that’s great,” says Jones. “But then when you play that sound back through the computer, you can expound on it, and play around and make something totally brand-new that no one has ever heard before.”

    Outside of his classes, Jones often finds himself using the skills he’s learned in Logic and GarageBand on his iPhone whenever — and wherever — inspiration strikes. “GarageBand is really essential to me, because I’ll hear something and be like, ‘Wow, I just got to get it out.’ I’ll go on my iPhone, open GarageBand, be able to play out that melody, record it, and even make a whole song out of it,” he explains.

    This same spirit of creative experimentation is fostered in the school’s coding courses, where students like Donte Allen, 14, are encouraged to merge their passion for music and the arts with the foundational technological skills they’re acquiring in class.

    Allen has had a passion for music since he was in diapers. “My dad has a picture of me from when I was 6 months old with the trumpet in my carseat,” he notes with a smile.

    But learning how to code has opened up new creative interests.

    “Swift teaches you the fundamentals, and you can go on from there,” he explains of his newfound affinity for coding. “You can build your own apps, make your own games, and make your own stories… Music and Swift both help with my creativity.”

    This type of exposure — across a wide range of creative and technological mediums, often with surprising points of intersection in between — is what it’s all about for the center’s faculty.

    “These students want this type of education,” says Dr. Dickerson, whose next endeavor will be bringing podcasting classes into the center. “But if it’s not presented to them, they never get it. And it’s the same thing with music and everything else we do around here. So we’re always trying to present them with something new.”

    Beyond the football fervor already enveloping the Superdome, students from Arts New Orleans are putting the finishing touches on a project of their own. Their garden-themed mural, which will cover an exterior wall of the Orleans Justice Center along Interstate 10, highlights stories of previously incarcerated locals while also imparting a message of hope to the community.

    The 6,600-square-foot piece was designed by participants in the Young Artist Movement (YAM), Arts New Orleans’ arts education and workforce development program, which works primarily with students ages 14 to 22. Through YAM, founded in 2016, local youth learn the mural-making process from guest artists and are then given the opportunity to create their own across the city. The participants will also complete the installation of the mural.

    The design process for this particular mural began in the Procreate app on iPad. Using Apple Pencil, the 19 students designed the digital images that appear on the mural’s panels. Lead artists Journey Allen, Gabrielle Tolliver, and Jade Meyers then organized the final designs, and sent them to a mural cloth company to have them ghost-printed on large swaths of mural cloth. From there, the pieces are painted and will then be installed along the wall using a specific gel medium.

    Allen, a visual artist and arts educator who serves as Arts New Orleans’ director of youth education, has enjoyed watching the students blossom. “I love to see the ones who are intimidated at first by the materials,” she shares. “But then when you connect with them and they begin to open up, the artwork becomes a source of transparency, a source of trust, where they share with you a little bit of who they are. Some of them never even really drew or painted before, and here they are creating this huge mural. They ask, ‘When are we going to do the next one?’”

    For some of the young artists, the project holds an added layer of meaning — they came to YAM through its arts diversion program, an alternative to prosecution and incarceration for youth facing low-level, nonviolent offenses. Founded in 2021, it draws on the healing and restorative qualities of artistic expression, with the goal of students having their charges dismissed upon completion.

    Arts New Orleans is also piloting a standalone arts diversion program this spring to help meet participants’ unique needs. “There are many things that they need to engage in, conversations that need to be had, that we can’t have amongst the main YAM group, which are kids who have not been impacted in the same way by the criminal justice system,” Allen explains. “Giving them their own program gives them a true opportunity to expand and move beyond whatever it is they are facing.”

    The idea for YAM and its arts diversion program was sparked by now-retired Judge Arthur Hunter and Xavier University professor Ron Bechet, who is also an artist. Through his career as a police officer, a lawyer, and finally as a judge in his native New Orleans, Hunter had a firsthand look at the factors that lead to young people getting swept into the city’s criminal justice system and saw the potential for art to provide an alternate path.

    “It’s not just the art — it’s an economic opportunity as well, where they should be able to make a living using their talent,” explains Hunter, a board member at Arts New Orleans. “That’s just as much a part of it as seeing that beautiful picture on a canvas.”

    For Hunter, the timing of the mural’s unveiling couldn’t feel more fitting. “This project will be not just a culmination, but also I see it as the beginning of more art throughout the city, letting people know in the city, in the region, in the state, around the country, and around the world what kids can do in the city of New Orleans when it comes to art,” he says.

    Press Contacts

    Rachel Wolf Tulley

    Apple

    rachel_tulley@apple.com

    Apple Media Helpline

    media.help@apple.com

    MIL OSI Economics –

  • MIL-OSI: Gevo Completes Acquisition of Red Trail Energy Assets in North Dakota, Expanding a Burgeoning Portfolio of Energy Assets

    Source: GlobeNewswire (MIL-OSI)

    ENGLEWOOD, Colo., Feb. 03, 2025 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO), a leading developer of hydrocarbon fuels and chemicals with net-zero greenhouse gas emissions, is pleased to announce that it has acquired the ethanol production plant and carbon capture and sequestration (“CCS”) assets of Red Trail Energy, LLC (“Red Trail Energy”) for an aggregate purchase price of $210 million, subject to customary adjustments, including a working capital adjustment. The acquired assets include the plant, pore space, and we are bringing on their experienced operational personnel. In addition to creating another strategic option for economic and competitively advantaged sustainable aviation fuel (“SAF”) facilities, this acquisition is expected to contribute $30 million to $60 million of Adjusted EBITDA(1) to Gevo annually. The acquired assets are being renamed “Net-Zero North.”

    “This transformational acquisition marks the start of Net-Zero North,” said Gevo Chief Executive Officer, Patrick Gruber. “Looking forward, this is a great site to expand the plant to produce SAF, along with other additional co-located projects. We like the potential annual Adjusted EBITDA of $30 million to $60 million, synergies with the existing Gevo platform of assets, and having CCS assets in the Gevo portfolio as a risk mitigation tool for carbon sequestration for our Net-Zero 1 (“NZ1”) plant under development in South Dakota. The proven CCS site will allow us to permanently sequester biogenic carbon dioxide to produce US products with the highest quantity and quality of carbon abatement to address a growing global market demand. Net-Zero North is a key step on our path to becoming self-sustaining and profitable as a company in advance of our NZ1 project coming online.”

    The transaction was funded with a combination of Gevo equity capital and a $105 million senior secured term loan facility from Orion Infrastructure Capital (“OIC”), a U.S.-based private investment firm. OIC has also indicated interest in providing up to an additional $100 million in debt for future growth projects at Net-Zero North that are mutually agreed upon. In addition, OIC is investing $5 million in equity at Net-Zero North, which is in addition to the equity contributed by Gevo. The investment comes from OIC’s Infrastructure Credit Strategy, which provides non-dilutive and flexible capital to middle market infrastructure businesses in North America. The strategy seeks to capitalize on the growing need for investment and innovation in sustainable Infrastructure in North America.

    “We are thrilled to partner with the Gevo team on this acquisition,” said Ethan Shoemaker, Investment Partner and Head of Infrastructure Credit at OIC. “The Net-Zero North assets bring together operating carbon sequestration, a strong track record of profitability, near-term upside from their industry-leading carbon intensity score, a strong operating team, and room to grow. We are also excited about the potential synergies and incremental value that the Gevo team and platform of assets brings to the Net-Zero North business.”

    “North Dakota is a state that understands both energy and agriculture, and that they are synergistic,” Gruber said. “We expect to continue to partner with the community to grow the business as they’re a resource that understands how oil and gas, pipelines, carbon capture, and regenerative agriculture all fit together. Net-Zero North provides the fundamental pieces of the puzzle towards cost-effective energy production, such as SAF, while addressing the market demand for cost effective, lower-carbon-footprint products.”

    “We’re taking on a first-class operation from the previous owners, with an exemplary safety record and excellent people to back it up,” said Chris Ryan, President and Chief Operating Officer of Gevo. “The operations team have done a great job, and we’re excited they’re continuing on with us. We are already in engineering development for a Net-Zero alcohol-to-jet (“ATJ”) SAF plant to be built at the site.”

    “Net-Zero North is one of a select few ethanol plants in the U.S., of which we are aware, that are expected to maximize value from carbon abatement, including under Section 45Z,” explained Ryan. “Net-Zero North, with its efficient operating profile and CCS, is projected to achieve a carbon intensity (“CI”) score in the low 20s (not including improved agricultural results that farmers can achieve using regenerative agriculture practices) using the variation of the GREET model proposed in the Section 45Z rule. We believe that is about 30 CI points lower than the best plants that are not connected to CCS. British Columbia previously scored the Net-Zero North plant at a CI of 19. This is a great starting point to expand Gevo’s business.”

    Advisors
    Ocean Park Securities, LLC acted as exclusive financial advisor and sole lead arranger on the debt financing for Gevo.

    Acquisition Conference Call
    A conference call will be held on Monday, February 3, 2025, at 10:00am ET to discuss the acquisition.

    To participate in the live call, please register through the following event weblink: https://register.vevent.com/register/BI174d9b6ef4074fed9db695b122abda12

    After registering, participants will be provided with a dial-in number and pin. To listen to the conference call (audio only), please register through the following event weblink: https://edge.media-server.com/mmc/p/7e4padot

    A webcast replay will be available after the conference call ends on February 3, 2025. The archived webcast will be available in the Investor Relations section of Gevo’s website at www.gevo.com..

    Further information regarding the acquisition and accompanying debt financing is included in the Current Report on Form 8-K, which Gevo will file with the U.S. Securities and Exchange Commission (the “SEC”).

    About Gevo
    Gevo is a next-generation diversified energy company committed to fueling America’s future with cost-effective, drop-in fuels that contribute to energy security, abate carbon, and strengthen rural communities to drive economic growth. Gevo’s innovative technology can be used to make a variety of renewable products, including SAF, motor fuels, chemicals, and other materials that provide U.S.-made solutions. By investing in the backbone of rural America, Gevo’s business model includes developing, financing, and operating production facilities that create jobs and revitalize communities. Gevo owns and operates one of the largest dairy-based renewable natural gas (“RNG”) facilities in the United States, turning by-products into clean, reliable energy. We also operate an ethanol plant with an adjacent CCS facility, further solidifying America’s leadership in energy innovation. Additionally, Gevo owns the world’s first production facility for specialty ATJ fuels and chemicals. Gevo’s market driven “pay for performance” approach regarding carbon and other sustainability attributes, helps ensure value is delivered to our local economy. Through its Verity subsidiary, Gevo provides transparency, accountability and efficiency in tracking, measuring and verifying various attributes throughout the supply chain. By strengthening rural economies, Gevo is working to secure a self-sufficient future and to make sure value is brought to the market.

    For more information, see www.gevo.com.

    About OIC
    With approximately $5 billion in assets under management, OIC invests in North America and select international markets. OIC’s unique partnership approach – for entrepreneurs, by entrepreneurs – cultivates creative credit, equity, and growth capital solutions to help middle market businesses scale and deploy sustainable infrastructure. OIC’s target investment sectors include energy efficiency, digital infrastructure, sustainable power generation, renewable fuels, waste & recycling, and transportation, storage & logistics. OIC was founded in 2015 by a team of energy and sustainability veterans, successful infrastructure investors, and former asset owners and industry operators. Across OIC’s platform is a team of approximately 45 professionals based in New York, Houston, and London.

    Forward Looking Statements
    This release contains “forward-looking statements” within the meaning of the federal securities laws. All statements other than statements of historical fact are forward-looking statements, including statements related to the expected operation of Net-Zero North, the expected effect of the acquisition on Adjusted EBITDA, the expected annual Adjusted EBITDA from Net-Zero North, and our future prospects as a combined company, including our plans for the site and synergies with our other projects. These statements relate to analyses and other information, which are based on forecasts of future results or events and estimates of amounts not yet determinable. We claim the protection of The Private Securities Litigation Reform Act of 1995 for all forward-looking statements in this release.

    These forward-looking statements are identified by the use of terms and phrases such as “anticipate,” “assume,” “believe,” “estimate,” “expect,” “goal,” “intend,” “plan,” “potential,” “predict,” “project,” “target” and similar terms and phrases or future or conditional verbs such as “could,” “may,” “should,” “will,” and “would.” However, these words are not the exclusive means of identifying such statements. Although we believe that our plans, intentions and other expectations reflected in or suggested by such forward-looking statements are reasonable, we cannot assure you that we will achieve those plans, intentions or expectations. All forward-looking statements are subject to risks and uncertainties that may cause actual results or events to differ materially from those that we expected.

    Important factors that could cause actual results or events to differ materially from our expectations, or cautionary statements, include among others, the risk that anticipated benefits, including synergies, from the acquisition may not be fully realized or may take longer to realize than expected, including that the transaction may not be accretive within the expected timeframe or to the extent anticipated; failure to successfully integrate the acquired assets and employees; changes in legislation or government regulations affecting the future operations of the acquired assets; and other risk factors or uncertainties identified from time to time in Gevo’s filings with the SEC. All written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by the cautionary statements identified above and in the section entitled “Risk Factors” and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2023 as well as other cautionary statements that are made from time to time in our other SEC filings and public communications. You should evaluate all forward-looking statements made in this release in the context of these risks and uncertainties.

    We caution you that the important factors referenced above may not reflect all of the factors that could cause actual results or events to differ from our expectations. In addition, we cannot assure you that we will realize the results or developments we expect or anticipate or, even if substantially realized, that they will result in the consequences or affect us or our operations in the way we expect. The forward-looking statements included in this release are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

    Media Contact
    Heather Manuel
    Vice President, Stakeholder Engagement & Partnerships
    PR@gevo.com

    IR Contact
    Eric Frey
    Vice President of Corporate Development
    IR@Gevo.com

    (1) Adjusted EBITDA is a non-GAAP measure calculated as earnings before interest, taxes, depreciation and amortization, inclusive of the value of monetizable tax credits such as Sections 45Q and 45Z and excluding project development costs.

    The MIL Network –

  • MIL-OSI: Lendmark Financial Services Expands Kentucky Presence with Henderson Branch, Marking its Third Branch Opening for 2025

    Source: GlobeNewswire (MIL-OSI)

    HENDERSON, Ky., Feb. 03, 2025 (GLOBE NEWSWIRE) — Lendmark Financial Services (Lendmark), a leading provider of household credit and consumer loan solutions, continues to expand its Kentucky footprint, opening a new branch in Henderson and its 23rd in the state.

    The branch is located at 1111 Barrett Blvd, Suite D and is expected to serve hundreds of customers in its first year. Kelly Franey, who serves as the branch manager, will be responsible for the administration of all daily operations. These include building personal relationships with customers and integrating into the community to ensure area residents receive a superior level of individualized loan services that meet their unique financial needs.

    “As we grow our footprint in Kentucky, we will continue to focus on delivering the tailored loan solutions our customers need to meet planned and unplanned life events,” said Michael R. McIntire, Vice President of Branch Operations at Lendmark. “Our Kentucky branch openings and overall branch growth demonstrate an ongoing need for diverse household financial options for consumers here and throughout the country.”

    In addition to serving consumers directly, Lendmark provides financing solutions for thousands of retailers and independent auto dealerships, allowing these businesses’ customers to obtain Lendmark financing. Local businesses that are interested in partnering with Lendmark to provide financing solutions for their customers should visit the branch or call 270-212-5700.

    Lendmark’s ‘Climb to Cure’ is its signature cause-related initiative. The company has committed to raising $10 million by 2025 to mark its 10-year anniversary partnering with CURE Childhood Cancer. So far, Lendmark’s employees, partners and customers have raised $8.83 million to support CURE, an Atlanta-based nonprofit dedicated to funding targeted pediatric cancer research that is utilized nationwide.

    Lendmark customers can participate by donating $1 when closing their loan. Lendmark matches the donation.

    About Lendmark Financial Services
    Lendmark Financial Services (Lendmark) provides personal and household credit and loan solutions to consumers. Founded in 1996, Lendmark strives to be the lender, employer, and partner of choice by protecting household wealth, offering stability and helping consumers meet both planned and unplanned life events through affordable loan offerings. Today, Lendmark operates more than 515 branches in 22 states across the country, providing personalized services to customers and retail business partners with every transaction. Lendmark is headquartered in Lawrenceville, Ga. For more information, visit www.lendmarkfinancial.com.

    Media Contact
    Jeff Hamilton
    Senior Manager, Corporate Communications
    jhamilton@lendmarkfinancial.com
    678-625-3128

    The MIL Network –

  • MIL-OSI: Pipe Invests in Developer Features to Simplify Integration for Embedded Capital

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Feb. 03, 2025 (GLOBE NEWSWIRE) — Pipe, a fintech company partnering with software platforms to deliver embedded financial solutions for SMBs, today announced it has significantly expanded the Pipe Partner Portal with new developer tools. These features make it even easier for developers to embed Pipe’s capital services within their payments and software platforms. Unlike other embedded solutions, Pipe’s investment in developer capabilities supports its “tech-first” approach to enable partners to accelerate the delivery of capital to its small business customers.

    Pipe Capital allows payment processors and vertical software companies to easily launch a capital product without the complexity, risk, and resources involved with building it in-house. Through Pipe’s infrastructure, SDKs and APIs, partners can embed Pipe’s proven capital offering into their own ecosystem seamlessly, improving merchant experience and monetizing payments in a mutually beneficial way. End merchants can then access capital easily, based on their secure transaction data from the partner platform, bypassing many of the hurdles of traditional financing.

    Pipe’s capital services can be integrated in multiple ways, including a Pipe-hosted option that can launch in as little as a week, an Embedded UI that can be live within one-to-two weeks, and a Full API integration that lets you take complete control of the user journey in as little as four weeks.

    Developer tools have been enhanced in the Pipe Partner Portal, a dashboard and resource center where partners can see merchant activity, track revenue share, and manage their side of the embedded relationship. The newly expanded portal experience helps developers seamlessly integrate Pipe’s products and easily troubleshoot any potential issues.

    “Integrating with Pipe’s Embedded UI was an incredibly smooth process. The Partner Portal’s self-serviceability and comprehensive documentation allowed us to move quickly, while Pipe’s responsive tech team was always there to offer valuable guidance when needed,” said Deepak Colluru, Director of Product Management, GoCardless. “It was clear that the Pipe team was invested in our success, going above and beyond to ensure we had everything we needed. The experience was great from start to finish.”

    Pipe places a high priority on not only giving qualified merchants fast, frictionless capital access, but also on making its embedded products simple and flexible for partners’ technical teams to integrate. Key benefits of the Pipe Partner Portal capabilities include:

    • Optimal visibility and transparency: Pipe’s API logs and object viewer enable rapid, self-served feedback and debugging.
    • Seamless integration: Pipe’s API references are automatically generated from its code, so the documentation is always up-to-date, ensuring a smooth integration for partners.
    • Real-time feedback: Webhooks deliver automated messages to partners and can now be easily managed and analyzed from the Partner Portal.
    • Security and access management: the Partner Portal now offers more granular user permissions and API key management, allowing you to always remain in control of your data and integration.
    • Ease of testing: Pipe offers a robust sandbox that allows developers to easily test the multiple use cases offered within its integrations, including simulation of production events like payments.

    “As a software company committed to using technology to improve financial access, we know how important it is to work closely with the developer community,” said Nate Wiger, CTO, Pipe. “Engineering teams are the ones implementing our solutions to put them into the hands of SMBs. By expanding our Partner Portal with a growing set of developer tools and resources, we aim to make it even easier for our partners’ technical teams to embed Pipe solutions, from the initial implementation stage all the way to ongoing post-launch support.”

    About Pipe
    Pipe makes customer-friendly capital and smart financial tools accessible to growing businesses inside the software they use every day. Our embedded solutions are built to scale and give business builders across industries the power to grow on their own terms. To learn more, visit www.pipe.com or follow us on X @pipe.

    Media Contact
    Merrill Freund
    merrill@freundpr.com

    The MIL Network –

  • MIL-OSI Global: Drought can hit almost anywhere: How 5 cities that nearly ran dry got water use under control

    Source: The Conversation – USA – By Sara Hughes, Adjunct Professor of Environment and Sustainability, University of Michigan

    Las Vegas’ water supplier offers rebates to residents who tear out their grass lawns to save water. LPETTET/iStock/Getty Images Plus

    Water scarcity is often viewed as an issue for the arid American West, but the U.S. Northeast’s experience in 2024 shows how severe droughts can occur in just about any part of the country.

    Cities in the Northeast experienced record-breaking drought conditions in the second half of 2024 after a hot, dry summer in many areas. Wildfires broke out in several states that rarely see them.

    By December, much of the region was experiencing moderate to severe drought. Residents in New York City and Boston were asked to reduce their water use, while Philadelphia faced risk to its water supply due to saltwater coming up the Delaware River.

    Parts of the Northeastern U.S. were so dry in summer 2024 that several large wildfires burned in New Jersey, as well as in New York, Connecticut, Massachusetts and even in New York City.
    New Jersey Department of Environmental Protection via AP

    Before the drought, many people in the region weren’t prepared for water shortages or even paying much attention to their water use.

    As global temperatures rise, cities throughout the U.S. are more likely to experience hotter, drier conditions like this. Those conditions increase evaporation, drying out vegetation and soil and lowering groundwater tables.

    The Northeast drought was easing in much of the region in early 2025, but communities across the U.S. should take note of what happened. They can learn from the experiences of cities that have had to confront major water supply crises – such as Cape Town, South Africa; São Paulo, Brazil; Melbourne, Australia; Las Vegas; and New Orleans – and start planning now to avoid the worst impacts of future droughts.

    Lessons from cities that have seen the worst

    Our new analysis of these five cities’ experiences provides lessons on how to avoid a water supply crisis or minimize the effects through proactive policies and planning.

    Many cities have had to confront major water supply crises in recent years. Perhaps the most well-known example is Cape Town’s “Day Zero.”

    After three years of persistent drought in the region, Cape Town officials in fall 2017 began a countdown to Day Zero – the point at which water supplies would likely run so low that water would be turned off in neighborhoods and residents would need to fetch a daily allocation of water at public distribution points. Initially it was forecast to occur in April 2018.

    Residents in Cape Town, South Africa, line up to fill water jugs during a severe drought in 2018.
    AP Photo/Bram Janssen

    Water rates were raised, and some households installed flow restrictors, which would automatically limit the amount of water that could be used. Public awareness and conservation efforts cut water consumption in half, allowing the city to push back its estimate for when Day Zero would arrive. And when the rains finally came in summer 2018, Day Zero was canceled.

    A second example is São Paulo, which similarly experienced a severe drought between 2013 and 2015. The city’s reservoirs were reduced to just 5% of their capacity, and the water utility reduced the pressure in the water system to limit water use by residents.

    Water pricing adjustments were used to penalize high water users and reward water conservation, and a citywide campaign sought to increase awareness and encourage conservation. As in Cape Town, the crisis ended with heavy rains in 2016. Significant investments have since been made in upgrading the city’s water distribution infrastructure, preventing leaks and bringing water to the city from other river basins.

    Planning ahead can reduce the harm

    The experiences of Cape Town and São Paulo – and the other cities in our study – show how water supply crises can affect communities.

    When major changes are made to reduce water consumption, they can affect people’s daily lives and pocketbooks. Rapidly designed conservation efforts can have harmful effects on poor and vulnerable communities that may have fewer alternatives in the event of restrictions or shutoffs or lack the ability to pay higher prices for water, forcing tough choices for households between water and other necessities.

    Planning ahead allows for more thoughtful policy design.

    For example, Las Vegas has been grappling with drought conditions for the past two decades. During that time, the region implemented water-conservation policies that focus on incentivizing and even requiring reduced water consumption.

    Lake Mead, a huge reservoir on the Colorado River that Las Vegas relies on for water, reached record low levels in 2022.
    AP Photo/John Locher

    Since 2023, the Las Vegas Valley Water District has implemented water rates that encourage conservation and can vary with the availability of water supplies during droughts. In its first year alone, the policy saved 3 billion gallons of water and generated US$31 million in fees that can be used by programs to detect and repair leaks, among other conservation efforts. A state law now requires businesses and homeowner associations in the Las Vegas Valley to remove their decorative grass by the end of 2026.

    Since 2002, per capita water use in Las Vegas has dropped by an impressive 58%.

    Solutions and strategies for the future

    Most of the cities we studied incorporated a variety of approaches to building water security and drought-proofing their community – from publishing real-time dashboards showing water use and availability in Cape Town to investing in desalination in Melbourne.

    But we found the most important changes came from community members committing to and supporting efforts to conserve water and invest in water security, such as reducing lawn watering.

    There are also longer-term actions that can help drought-proof a community, such as fixing or replacing water- and energy-intensive fixtures and structures. This includes upgrading home appliances, such as showers, dishwashers and toilets, to be more water efficient and investing in native and drought-tolerant landscaping.

    Prioritizing green infrastructure, such as retention ponds and bioswales, that help absorb rain when it does fall and investing in water recycling can also diversify water supplies.

    Taking these steps now, ahead of the next drought, can prepare cities and lessen the pain.

    Michael Wilson is an employee of RAND, a nonprofit, nonpartisan research organization. This research was funded by the RAND Center for Climate and Energy Futures.

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

    – ref. Drought can hit almost anywhere: How 5 cities that nearly ran dry got water use under control – https://theconversation.com/drought-can-hit-almost-anywhere-how-5-cities-that-nearly-ran-dry-got-water-use-under-control-248760

    MIL OSI – Global Reports –

  • MIL-OSI Global: 3 ways the Trump administration could reinvest in rural America’s future, starting with health care

    Source: The Conversation – USA – By Randolph Hubach, Professor of Public Health, Purdue University

    Rural America can be idyllic, but many communities still need support. Mint Images via Getty Images

    Rural America faces many challenges that Congress and the federal government could help alleviate under the new Trump administration.

    Rural hospitals and their obstetrics wards have been closing at a rapid pace, leaving rural residents traveling farther for health care. Affordable housing is increasingly hard to find in rural communities, where pay is often lower and poverty higher than average. Land ownership is changing, leaving more communities with outsiders wielding influence over their local resources.

    As experts in rural health and policy at the Center for Rural and Migrant Health at Purdue University, we work with people across the United States to build resilient rural communities.

    Here are some ways we believe the Trump administration could work with Congress to boost these communities’ health and economies.

    1. Rural health care access

    One of the greatest challenges to rural health care is its vulnerability to shifts in policy and funding cuts because of rural areas’ high rates of Medicare and Medicaid beneficiaries.

    About 25% of rural residents rely on Medicaid, a federal program that provides health insurance for low-income residents. A disproportionate share of Medicare beneficiaries – people over 65 who receive federal health coverage – also live in rural areas. At the same time, the average health of rural residents lags the nation as a whole.

    Rural clinics and hospitals

    Funding from those federal programs affects rural hospitals, and rural hospitals are struggling.

    Nearly half of rural hospitals operate in the red today, and over 170 rural hospitals have closed since 2010. The low population density of rural areas can make it difficult for hospitals to cover operating costs when their patient volume is low. These hospital closures have left rural residents traveling an extra 20 miles (32 km) on average to receive inpatient health care services and an extra 40 miles (64 km) for specialty care services.

    The government has created programs to try to help keep hospitals operating, but they all require funding that is at risk. For example:

    • The Low-volume Hospital Adjustment Act, first implemented in 2005, has helped numerous rural hospitals by boosting their Medicare payments per patient, but it faces regular threats of funding cuts. It and several other programs to support Medicare-dependent hospitals are set to expire on March 31, 2025, when the next federal budget is due.

    • The rural emergency hospital model, created in 2020, helps qualifying rural facilities to maintain access to essential emergency and outpatient hospital services, also by providing higher Medicare payments. Thus far, only 30 rural hospitals have transitioned to this model, in part because they would have to eliminate inpatient care services, which also limits outpatient surgery and other medical services that could require overnight care in the event of an emergency.

    Rural emergency hospitals can get extra funding, but there’s a catch: They have no inpatient beds, so people in need of longer care must go farther.
    AP Photo/Rogelio V. Solis

    Services for pregnant women have also gotten harder to find in rural areas.

    Between 2011 and 2021, 267 rural hospitals discontinued obstetric services, representing 25% of the United States’ rural obstetrics units. In response, the federal government has implemented various initiatives to enhance access to care, such as the Rural Hospital Stabilization Pilot Program and the Rural Maternal and Obstetric Management Strategies Program. However, these programs also require funding.

    Expanding telehealth

    Before the COVID-19 pandemic, telehealth – the ability to meet with your doctor over video – wasn’t widely used. It could be difficult for doctors to ensure reimbursement, and the logistics of meeting federal requirements and privacy rules could be challenging.

    The pandemic changed that. Improving technology allowed telehealth to quickly expand, reducing people’s contact with sick patients, and the government issued waivers for Medicare and Medicaid to pay for telehealth treatment. That opened up new opportunities for rural patients to get health care and opportunities for providers to reach more patients.

    However, the Medicare and Medicaid waivers for most telehealth services were only temporary. Only payments for mental and behavioral health teleheath services continued, and those are set to expire with the federal budget in March 2025, unless they are renewed.

    One way to expand rural health care would be to make those waivers permanent.

    Increasing access to telehealth could also support people struggling with opioid addiction and other substance use disorders, which have been on the rise in rural areas.

    2. Affordable housing is a rural problem too

    Like their urban peers, rural communities face a shortage of affordable housing.

    Unemployment in rural areas today exceeds levels before the COVID-19 pandemic. Job growth and median incomes lag behind urban areas, and rural poverty rates are higher.

    Rural housing prices have been exacerbated by continued population growth over the past four years, lower incomes compared with their urban peers, limited employment opportunities and few high-quality homes available for rent or sale. Rural communities often have aging homes built upon outdated or inadequate infrastructure, such as deteriorating sewer and water lines.

    Rental homes in older towns can become run down. Community maintenance of pipes and other services also requires funding.
    LawrenceSawyer/E+ via Getty Images

    One proposal to help people looking for affordable rural housing is the bipartisan Neighborhood Homes Investment Act, which calls for creating a new federal tax credit to spur the development and renovation of family housing in distressed urban, suburban and rural neighborhoods.

    Similarly, the Section 502 Direct Loan Program through the U.S. Department of Agriculture, which subsidizes mortgages for low-income applicants to obtain safe housing, could be expanded with additional funding to enable more people to receive subsidized mortgages.

    3. Locally owned land benefits communities

    Seniors age 65 and older own 40% of the agricultural land in the U.S., according to the American Farmland Trust. That means that more than 360 million acres of farmland could be transferred to new owners in the next few decades. If their heirs aren’t interested in farming, that land could be sold to large operations or real estate developers.

    That affects rural communities because locally owned rural businesses tend to invest in their communities, and they are more likely to make decisions that benefit the community’s well-being.

    A farmer carries organic squash during harvest. Young farmers often struggle to find land to expand their operations.
    Thomas Barwick/Stone via Getty Images

    Congress can take some steps to help communities keep more farmland locally owned.

    The proposed Farm Transitions Act, for example, would establish a commission on farm transitions to study issues that affect locally owned farms and provide recommendations to help transition agricultural operations to the next generation of farmers and ranchers.

    About 30% of farmers have been in business for less than 10 years, and many of them rent the land they farm. Programs such as USDA’s farm loan programs and the Beginning Farmer and Rancher Development Program help support local land purchases and could be improved to identify and eliminate barriers that communities face.

    We believe that by addressing these issues, Congress and the new administration can help some of the country’s most vulnerable citizens. Efforts to build resilient and strong rural communities will benefit everyone.

    Randolph Hubach receives funding from the National Institutes of Health and the Health Resources and Services Administration.

    Cody Mullen receives funding from the Health Resources and Services Administration. He is affiliated with the National Rural Health Association.

    – ref. 3 ways the Trump administration could reinvest in rural America’s future, starting with health care – https://theconversation.com/3-ways-the-trump-administration-could-reinvest-in-rural-americas-future-starting-with-health-care-245451

    MIL OSI – Global Reports –

  • MIL-OSI Global: Trump’s tariff threats fit a growing global phenomenon: hardball migration diplomacy

    Source: The Conversation – USA – By Nicholas R. Micinski, Assistant Professor of Political Science and International Affairs, University of Maine

    View at the entrance of the United States Embassy taken in Bogota, Colombia Pablo Vera/AFP via Getty Images

    As diplomatic spats go, it was short-lived.

    On Jan 26, 2025, Colombian President Gustavo Petro turned away American military planes carrying people being deported from the United States. In response, U.S. President Donald Trump threatened 25% tariffs and travel bans on Colombian government officials. Despite insisting that “the U.S. cannot treat Colombian migrants as criminals” and needed to “establish a protocol for the dignified treatment of migrants before we receive them,” Petro’s government backed down and resumed cooperation with U.S. immigration officials.

    All this took place in the span of just a few hours. But “migration diplomacy” – the use of diplomatic tools and threats to control the number and flow of migrants – isn’t new. Indeed, it was a feature of Trump’s first administration. And it is not unique to Trump; it has been in the foreign policy playbook of previous U.S. presidents as well as the European Union and governments around the world.

    As an expert on migration policy and international affairs, I have observed the evolution of this global trend, in which nations leverage migration policies for geopolitical ends.

    Richer countries with increasingly populist, nationalist bases are putting in place anti-migrant policies. But these same nations depend on poorer countries to accept deportations and host the majority of the world’s refugees – governments can’t unilaterally “dump” deported immigrants back into the home country, or in a third country.

    And while migration diplomacy can be cooperative, there’s always the possibility a disagreement will spiral into diplomatic spats or outright conflict.

    Threats to control migration

    Migration diplomacy is a relatively recent academic term. But the practice of using foreign policy tools to control migration is centuries old. Common tools of migrant diplomacy fall between the “carrots” of bilateral treaties, development aid and infrastructure investment, and the “sticks” of tariffs, travel bans and sanctions.

    Trump, during his first term, focused more on the sticks, frequently threatening tariffs or cuts in aid to push through deals on migration. For example, in 2018, Trump posted on Twitter that if Honduras and other Central American governments did not stop migrant caravans to the U.S., he would cut all aid: “no more money or aid will be given … effective immediately!”

    A few months later, Trump followed through with the threat, suspending US$400 million in aid to Guatemala, Honduras and El Salvador.

    Trump then upped the ante, posting: “Now we are looking at the ‘BAN,’ … Tariffs, Remittance Fees, or all of the above. Guatemala has not been good.”

    Within three days, Guatemala signed a deal with the U.S. to cooperate on asylum and deportations. Honduras and El Salvador followed suit two months later.

    Similarly, in 2019, Trump threatened Mexico that the U.S. would impose a 5% tariff on goods “until such time as illegal migrants coming through Mexico, and into our Country, STOP.”

    Within 11 days, Mexico signed the Migrant Protection Protocols, known as the “Remain in Mexico” policy, institutionalizing what human rights groups called “illegal pushbacks” that put people at risk of torture, sexual violence and death.

    Imposing visa restrictions

    Under the Immigration and Nationality Act, the U.S. government can stop granting visas to any country that “denies or unreasonably delays accepting an alien who is a citizen.”

    And during his first term, Trump imposed visa restrictions on people from Cambodia, Eritrea, Ghana, Guinea, Laos, Myanmar, Pakistan and Sierra Leone because those countries were deemed to be not cooperating with deportations.

    Such visa restrictions worked with Guinea and Ghana, which both began accepting deportations of their citizens from the U.S.

    Migration as diplomatic weapon

    Nations also use migration policy as tools to push other foreign policy goals not necessarily related to migration. As political scientist Kelly Greenhill explored in her book “Weapons of Mass Migration,” governments are using coercive engineered migration to create pressure against other rival nations. This was seen in 2021 when Belarus bused asylum seekers to the Polish border in an apparent effort to overwhelm the EU’s asylum system.

    Migrants at the Belarusian-Polish border in 2021.
    Leonid Shcheglov/BELTA/AFP via Getty Images

    Similarly, Trump used migration policies to bully other nations into cooperating with the United States. The “Muslim ban” of his first administration – rebranded in later iterations as travel bans – banned entry of citizens from Chad, Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen. While the first executive order pertaining to the ban was immediately criticized as Islamophobic, the administration changed legal reasoning in front of the Supreme Court, arguing that the ban stemmed from nations not sharing information about potential terrorists and due to their passports being vulnerable to fraud.

    The travel bans were an attempt to coerce nations into sharing information with the U.S. and enforcing U.S. standards of identity documents. Indeed, Chad was later removed from the ban when it adopted these standards.

    The use of migration diplomacy by the U.S. government predates Trump. Tit-for-tat restrictions on travel were common throughout the Cold War. In 2001, President George W. Bush applied visa sanctions to Guyana when its government refused to cooperate on deportations. In 2016, President Barack Obama also applied retaliatory visa restrictions on Gambia for failing to accept U.S. deportation flights.

    Conditional aid from EU

    The European Union tends to use carrots rather than sticks to encourage cooperation on deportations. For example, a 2016 EU-Turkey deal provided 6 billion euros (US$6.25 million) in aid for refugees in Turkey in exchange for accepting the deportation of what the EU describes as “irregular migrants.” In 2023, the EU also struck a 105 million euro ($109 million) deal with Tunisia in return for the North African country’s cooperation on preventing irregular migration.

    But like Trump, the EU is not opposed to punishing states for refusing to cooperate on deportations. In April 2024, the EU tightened rules on visas for Ethiopians because their government refused to accept the return of citizens who had asylum claims denied. Earlier, the EU suspended 15 million euros ($15.6 million) in development aid to Ethiopia on similar grounds.

    Migration interdependence

    Trump’s threats and EU migration deals reveal a type of migration interdependence: Rich states in the Global North don’t want to host large numbers of migrants and refugees and need willing partners in the Global South to accept deportations, enforce emigration restrictions and continue hosting the majority of the world’s refugees.

    This interdependence is typically balanced by rich countries footing the bill and poor countries accepting deportations. But migration diplomacy is also used by less powerful nations aware of the opportunity of exacting concessions out of countries, blocs or international bodies. For example, the Kenyan government repeatedly threatened to close the Dadaab refugee camp and expel all Somali refugees unless it received more international aid. Similarly, Pakistan threatened to deport Afghan refugees unless the international community did more, but backed down after significant increases in aid.

    Rwanda extracted around $310 million from the British government without resettling a single person after a 2022 plan aimed at deterring asylum seekers to the U.K. by deporting them to Rwanda – where their cases would be reviewed and eventually settled – was blocked by the European Court of Human Rights and the U.K.’s Supreme Court.

    Similarly, the small South Pacific island nation of Nauru was paid more than $118 million with the aim of hosting all asylum seekers to Australia. The policy broke down after reports of abysmal conditions in Nauru’s detention facilities.

    While migration diplomacy does work both ways, richer countries by and large have the upper hand. And Trump’s threats against Colombia – and others – are just one example of this hardball migration diplomacy.

    Nicholas R. Micinski does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Trump’s tariff threats fit a growing global phenomenon: hardball migration diplomacy – https://theconversation.com/trumps-tariff-threats-fit-a-growing-global-phenomenon-hardball-migration-diplomacy-248380

    MIL OSI – Global Reports –

  • MIL-OSI Global: Trump’s Project 2025 agenda caps decades-long resistance to 20th century progressive reform

    Source: The Conversation – USA – By Colin Gordon, Professor of History, University of Iowa

    There has long been a tug-of-war over White House plans to make government more liberal or more conservative. Douglas Rissing/iStock / Getty Images Plus

    For much of the 20th century, efforts to remake government were driven by a progressive desire to make the government work for regular Americans, including the New Deal and the Great Society reforms.

    But they also met a conservative backlash seeking to rein back government as a source of security for working Americans and realign it with the interests of private business. That backlash is the central thread of the Heritage Foundation’s “Project 2025” blueprint for a second Trump Administration.

    Alternatively disavowed and embraced by President Donald Trump during his 2024 campaign, Project 2025 is a collection of conservative policy proposals – many written by veterans of his first administration. It echoes similar projects, both liberal and conservative, setting out a bold agenda for a new administration.

    But Project 2025 does so with particular detail and urgency, hoping to galvanize dramatic change before the midterm elections in 2026. As its foreword warns: “Conservatives have just two years and one shot to get this right.”

    The standard for a transformational “100 days” – a much-used reference point for evaluating an administration – belongs to the first administration of Franklin D. Roosevelt.

    President Franklin D. Roosevelt signs the Social Security Bill in Washington on Aug. 14, 1935.
    AP Photo, file

    Social reforms and FDR

    In 1933, in the depths of the Great Depression, Roosevelt faced a nation in which business activity had stalled, nearly a third of the workforce was unemployed, and economic misery and unrest were widespread.

    But Roosevelt’s so-called “New Deal” unfolded less as a grand plan to combat the Depression than as a scramble of policy experimentation.

    Roosevelt did not campaign on what would become the New Deal’s singular achievements, which included expansive relief programs, subsidies for farmers, financial reforms, the Social Security system, the minimum wage and federal protection of workers’ rights.

    Those achievements came haltingly after two years of frustrated or ineffective policymaking. And those achievements rested less on Roosevelt’s political vision than on the political mobilization and demands made by American workers.

    A generation later, another wave of social reforms unfolded in similar fashion. This time it was not general economic misery that spurred actions, but the persistence of inequality – especially racial inequality – in an otherwise prosperous time.

    LBJ’s Great Society

    President Lyndon B. Johnson’s Great Society programs declared a war on poverty and, toward that end, introduced a raft of new federal initiatives in urban, education and civil rights.

    These included the provision of medical care for the poor and older people via Medicaid and Medicare, a dramatic expansion of federal aid for K-12 education, and landmark voting rights and civil rights legislation.

    As with the New Deal, the substance of these policies rested less with national policy designs than with the aspirations and mobilization of the era’s social movements.

    Resistance to policy change

    Since the 1930s, conservative policy agendas have largely taken the form of reactions to the New Deal and the Great Society.

    The central message has routinely been that “big government” has overstepped its bounds and trampled individual rights, and that the architects of those reforms are not just misguided but treasonous. Project 2025, in this respect, promises not just a political right turn but to “defeat the anti-American left.”

    After the 1946 midterm elections, congressional Republicans struck back at the New Deal. Drawing on business opposition to the New Deal, popular discontent with postwar inflation, and common cause with Southern Democrats, they stemmed efforts to expand the New Deal, gutting a full employment proposal and defeating national health insurance.

    They struck back at organized labor with the 1947 Taft-Hartley Act, which undercut federal law by allowing states to pass anti-union “right to work” laws. And they launched an infamous anti-communist purge of the civil service, which forced nearly 15,000 people out of government jobs.

    In 1971, the U.S. Chamber of Commerce commissioned Lewis Powell – who would be appointed by Republican President Richard Nixon to the Supreme Court the next year – to assess the political landscape. Powell’s memorandum characterized the political climate at the dawn of the 1970s – including both Great Society programs and the anti-war and Civil Rights movements of the 1960s – as nothing less than an “attack on the free enterprise system.”

    In a preview of current U.S. politics, Powell’s memorandum devoted special attention to a disquieting “chorus of criticism” coming from “the perfectly respectable elements of society: from the college campus, the pulpit, the media, the intellectual and literary journals, the arts and sciences, and from politicians.”

    Powell characterized the social policies of the New Deal and Great Society as “socialism or some sort of statism” and advocated the elevation of business interests and business priorities to the center of American political life.

    A copy of Project 2025 is held during the Democratic National Convention on Aug. 21, 2024, in Chicago.
    AP Photo/J. Scott Applewhite

    Building a conservative infrastructure

    Powell captured the conservative zeitgeist at the onset of what would become a long and decisive right turn in American politics. More importantly, it helped galvanize the creation of a conservative infrastructure – in the courts, in the policy world, in universities and in the media – to push back against that “chorus of criticism.”

    This political shift would yield an array of organizations and initiatives, including the political mobilization of business, best represented by the emergence of the Koch brothers and the powerful libertarian conservative political advocacy group they founded, known as Americans for Prosperity. It also yielded a new wave of conservative voices on radio and television and a raft of right-wing policy shops and think tanks – including the Heritage Foundation, creator of Project 2025.

    In national politics, the conservative resurgence achieved full expression in President Ronald Reagan’s 1980 campaign. The “Reagan Revolution” united economic and social conservatives around the central goal of dismantling what was left of the New Deal and Great Society.

    Powell’s triumph was evident across the policy landscape. Reagan gutted social programs, declared war on organized labor, pared back economic and social regulations – or declined to enforce them – and slashed taxes on business and the wealthy.

    Publicly, the Reagan administration argued that tax cuts would pay for themselves, with the lower rates offset by economic growth. Privately, it didn’t matter: Either growth would sustain revenues, or the resulting budgetary hole could be used to “starve the beast” and justify further program cuts.

    Reagan’s vision, and its shaky fiscal logic, were reasserted in the “Contract with America” proposed by congressional Republicans after their gains in the 1994 midterm elections.

    This declaration of principles proposed deep cuts to social programs alongside tax breaks for business. It was perhaps most notable for encouraging the Clinton administration to pass the Personal Responsibility and Work Opportunity Act of 1996, “ending welfare as we know it,” as Clinton promised.

    Aiming at the ‘deep state’

    Project 2025, the latest in this series of blueprints for dramatic change, draws most deeply on two of those plans.

    As in the congressional purges of 1940s, it takes aim not just at policy but at the civil servants – Trump’s “deep state” – who administer it.

    In the wake of World War II, the charge was that feckless bureaucrats served Soviet masters. Today, Project 2025 aims to “bring the Administrative State to heel, and in the process defang and defund the woke culture warriors who have infiltrated every last institution in America.”

    As in the 1971 Powell memorandum, Project 2025 promises to mobilize business power; to “champion the dynamic genius of free enterprise against the grim miseries of elite-directed socialism.”

    Whatever their source – party platforms, congressional bomb-throwers, think tanks, private interests – the success or failure of these blueprints rested not on their vision or popular appeal but on the political power that accompanied them. The New Deal and Great Society gained momentum and meaning from the social movements that shaped their agendas and held them to account.

    The lineage of conservative responses has been largely an assertion of business power. Whatever populist trappings the second Trump administration may possess, the bottom line of the conservative cultural and political agenda in 2025 is to dismantle what is left of the New Deal or the Great Society, and to defend unfettered “free enterprise” against critics and alternatives.

    Colin Gordon receives funding from the National Endowment for the Humanities, the Mellon Foundation, and the Russell Sage Foundation.

    – ref. Trump’s Project 2025 agenda caps decades-long resistance to 20th century progressive reform – https://theconversation.com/trumps-project-2025-agenda-caps-decades-long-resistance-to-20th-century-progressive-reform-247176

    MIL OSI – Global Reports –

  • MIL-OSI Global: Your environment affects how well your medications work − identifying exactly how could make medicine better

    Source: The Conversation – USA – By Gary W. Miller, Professor of Environmental Health Sciences, Columbia University Mailman School of Public Health

    Even the air you breathe may influence how effective a drug may be for you. Jorg Greuel/Photodisc via Getty Images

    Your genes play a major role in determining your height, hair and eye color, and skin tone, but they don’t tell the entire story of who you are. Your environment is incredibly important in shaping your personality, your likes and dislikes, and your health. In fact, your diet, social interactions, exposure to pollution, physical activity and education often exceed the influence of genetics on many of the features that define you.

    Figuring out how your genes and environment increase your likelihood of developing asthma, heart disease, cancer, dementia and other conditions can have life-changing consequences. The field of genomics has made it relatively straightforward to test both in the hospital and at home for a wide range of genetic variations linked to disease risk.

    And in recent years, science has been making progress on tracking down the environmental culprits that drive risk for several diseases – and on identifying ways to optimize treatments based on your personal environmental exposures.

    Prescribing the most effective treatment from the get-go can reduce harmful drug reactions.
    Willie B. Thomas/DigitalVision via Getty Images

    My work as a pharmacologist and toxicologist has led me to the emerging science of exposomics – the study of all of the physical, chemical, biological and social factors that affect your biology. While your genome comprises all of the genes that encode your biology, your exposome is a concept that comprises all your environmental exposures. Like how researchers use DNA sequencers to study genomics, scientists in exposomics use chemistry and high-tech sensors to measure the effects of thousands of environmental factors on health.

    Medications don’t always work

    For many people, standard drug therapies to treat certain conditions simply don’t work. Controlling blood pressure often requires months of trial and error. It can take months or even years to identify an adequate treatment plan for depression.

    Adverse events caused by medications account for more than 1 million visits to emergency departments each year in the U.S. What drives these differences in drug effects between patients? Is it their genes? Are they not taking their medication as prescribed due to side effects? Or something else?

    As it turns out, your environment can have a major effect on how well specific treatments work for you. Think about the warning labels advising you not to drink grapefruit juice while taking a specific drug, for example. This is because a natural chemical in grapefruit inhibits the enzymes that break down those medications. Some common statins used to control high cholesterol can build up to toxic levels because the chemical in grapefruit juice blocks its normal processing.

    Grapefruit isn’t the only environmental factor affecting how you respond to your medications. Over 8,600 chemicals are used in commerce in the U.S., and you are exposed to thousands of these chemicals on a daily basis. It is more likely than not that many of these chemicals can interact with the drugs you take.

    Your exposome encompasses a wide range of factors.
    Nathalie Ruaux/Wikimedia Commons, CC BY-SA

    Some of the chemicals we use to keep fleas and ticks off pets can actually increase the levels of the same enzyme blocked by grapefruit juice, meaning a statin may be broken down so fast that it doesn’t control elevated cholesterol.

    Byproducts from the combustion of organic matter, such as engine exhaust and burning wood, can also interfere with drug-metabolizing enzymes. Some of these chemicals, called polyaromatic hydrocarbons, can inactivate medications used to treat asthma. The environmental factor triggering your asthma could prevent the drugs used to treat it from working.

    A chemical solution?

    Advances in chemistry are helping researchers figure out what chemicals are getting in the way of treatment.

    Your hospital laboratory can already measure dozens of molecules in your blood. Measuring your salt levels can tell doctors how your kidneys are working, cholesterol levels indicate your risk of heart disease, and specific enzymes reveal your liver’s health. These common tests are routine and useful for nearly every patient.

    There are many additional tests that can help determine how a specific condition is progressing or responding to therapy. Hemoglobin A1c levels help determine how well glucose levels are being controlled in those with prediabetes or diabetes. And thousands of other human diseases have their own corresponding biomarkers.

    In research laboratories, scientists can detect the presence of thousands of molecules at once using instruments called mass spectrometers. Each chemical in a sample has a unique mass, and these devices measure these masses for scientists to categorize. Thus, scientists can identify all of the pesticides, plasticizers, plastics, pollution and other chemicals present in a given sample. They can also measure your own internal biology, such as the compounds involved in processing the food you eat and the hormones influencing how you behave.

    Moreover, mass spectrometers can measure drug metabolites. When you take a drug, it is typically broken down or metabolized to several different compounds. Some of these compounds contribute to the drug’s effects, while others are inactive. Analyzing what metabolites are present in your body provides information about how you process drugs and whether the drugs you’re taking will interact with each other.

    Taking all these factors together, scientists can study how your environment may be interfering with the effectiveness of your medications.

    A better prescription – for you

    Together with dozens of scientists across many institutions, my colleagues and I are developing methods to measure all of the chemicals in your body. The project, dubbed IndiPHARM – short for individualized pharmacology – is designing tools to measure a wide range of drugs, drug metabolites and environmental chemicals at the same time.

    By combining environmental data with genetic information, we hope to improve how drugs work in people by figuring out whether chemicals in their environment or diet are altering how they process a given drug. This includes whether the administered drugs are at therapeutic levels, how the drugs and chemicals are interacting with each other, and determining whether other variables are affecting intended drug effects. This could lead to changing the amount of drug prescribed, switching to a different medication or even redesigning the medicines themselves.

    Our team is starting with identifying the environmental and biological factors associated with metabolic diseases, including obesity and diabetes, along with common co-occurring conditions such as hypertension, high cholesterol and depression. For example, there are significant differences in how well people respond to anti-obesity or anti-diabetes drugs, and we hope to figure out why that is so all patients can benefit through tailored treatment.

    Getting the right drug to the right person at the right time requires a better understanding of the environmental factors that influence how they work. We envision a future where a doctor can use your genetic and environmental history to figure out the best drug treatment that would work for you from the start, reducing the need for trial and error.

    Gary W. Miller receives funding from the National Institutes of Health, the Advanced Research Project Agency for Health, the Department of Defense, Cancer Research UK, and the European Commission. He is co-founder of Exposome Therapeutics.

    – ref. Your environment affects how well your medications work − identifying exactly how could make medicine better – https://theconversation.com/your-environment-affects-how-well-your-medications-work-identifying-exactly-how-could-make-medicine-better-246476

    MIL OSI – Global Reports –

  • MIL-OSI USA: SBA Offers Relief to Mississippi Businesses, Nonprofits and Residents Hit by December Storms

    Source: United States Small Business Administration

    WASHINGTON – The U.S. Small Business Administration (SBA) announced that low interest federal disaster loans are now available to Mississippi businesses, nonprofit organizations, and residents who sustained physical damages and economic losses from the severe storms and tornadoes that occurred Dec. 28 – 29, 2024. The SBA issued a disaster declaration in response to a request received from Gov. Tate Reeves on Jan. 24.  

    The disaster declaration covers the counties of Choctaw, Clarke, Clay, Greene, Jasper, Jones, Lowndes, Noxubee Oktibbeha, Perry, Wayne and Webster, as well as the counties of Choctaw and Washington in Alabama.

    Businesses and nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.  

    Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may apply for up to $500,000 to replace or repair their primary residence.  

    Applicants may be eligible for a loan increase of up to 20% of their physical damages, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements include strengthening structures to protect against high wind damage, upgrading to wind rated garage doors, and installing a safe room or storm shelter to help protect property and occupants from future damage.

    “SBA disaster loans do more than repair damage, — they may also mitigate against future disasters,” said Randle Logan, acting associate administrator for the SBA’s Office of Disaster Recovery and Resilience. “Expanded funding is available to make pro-active property and building upgrades that protect homes and businesses from future storms.”

    The SBA also offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs, such as ongoing operating expenses for small businesses and private nonprofit (PNP) organizations.  EIDL assistance is available regardless of whether the organization suffered any physical property damage.    

    Interest rates are as low as 4% for businesses, 3.625% for nonprofits, and 2.563% for homeowners and renters, with terms up to 30 years. Interest does not begin to accrue, and payments are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms, based on each applicant’s financial condition.

    Beginning Thursday, Jan. 30, SBA customer service representatives will be on hand at two Disaster Loan Outreach Centers (DLOC) to answer questions about SBA’s disaster loan program, explain the application process and help individuals complete their application.  

    At the DLOCs, individuals can connect directly with SBA specialists to apply for disaster loans and learn about the full range of programs available to rebuild and move forward in their recovery journey. Walk-ins are accepted, but you can schedule an in-person appointment in advance at appointment.sba.gov. The DLOCs hour of operations are listed below.

    Disaster Loan Outreach Center

    Oktibbeha County

    Oktibbeha County Community Safe Room

    985 Lynn Lane

    Starkville, MS 39759

    Opening: Thursday, Jan. 30, 2025, at 11 a.m.

    Hours: Monday – Friday, 9 a.m. to 6 p.m.

    Saturday, 10 a.m. to 2 p.m.

    Closed: Sunday

    Permanently Closes: Thursday, Feb. 13, 2025, at 4 p.m.  

    Disaster Loan Outreach Center

    Wayne County

    City 2 Voting Precinct

    500 Mississippi Drive

    Waynesboro, MS 39367

    Opening: Thursday, Jan. 30, 2025, at 11 a.m.

    Hours: Monday – Friday, 9 a.m. to 6 p.m.

    Saturday, 10 a.m. to 2 p.m.

    Closed: Sunday

    Permanently Closes: Thursday, Feb. 13, 2025, at 4 p.m.  

    The SBA encourages applicants to submit their loan applications promptly. Applications will be prioritized in the order they are received, and the SBA remains committed to processing them as efficiently as possible.  

    For more information and to apply online visit SBA.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.  

    The filing deadline to return applications for physical property damage is March 28, 2025. The deadline to return economic injury applications is Oct. 27, 2025.  

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. 

    MIL OSI USA News –

  • MIL-OSI China: Dedicated railway maintenance workers amid Spring Festival travel rush

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

    “We have maintained great enthusiasm for work to ensure the safe operation of the trains and guarantee that every passenger can arrive home safely.”

    Meet a group of railway maintenance workers, the everyday heroes dedicated to their posts amid the Spring Festival travel rush.

    MIL OSI China News –

  • MIL-OSI China: Policy bank lends 20.4 bln yuan to support China’s dual-use public infrastructure in 2024

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

    Policy bank lends 20.4 bln yuan to support China’s dual-use public infrastructure in 2024

    BEIJING, Feb. 3 — China Development Bank issued loans of 20.4 billion yuan (about 2.85 billion U.S. dollars) in 2024 to support 136 “dual-use public infrastructure” projects in cities including Beijing, Shenzhen and Fuzhou, said the policy bank.

    Dual-use public infrastructure refers to public facilities such as stadiums, convention centers and parking facilities that can be easily converted for emergency use.

    In recent years, China has proposed strengthening the construction of affordable housing, renewing urban villages, and developing dual-use public infrastructure.

    Guan Hongyan, general manager of the bank’s transportation department, said the bank will increase medium- and long-term financing support for relevant projects.

    MIL OSI China News –

  • MIL-OSI: Dominion Lending Centres Inc. Enters into Platform Licensing Agreement with Pinch Financial

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Feb. 03, 2025 (GLOBE NEWSWIRE) — Dominion Lending Centres Inc. (TSX: DLCG) (“DLC” or the “Corporation”) is pleased to announce that it has entered into a platform licensing agreement (the “License Agreement”) with Pinch Financial Incorporated (“Pinch”).

    Pinch owns and operates a technology platform that leverages AI to verify information and qualify potential borrowers for mortgages entirely online (referred to herein as the “Pinch Platform”). Real estate listing portals in Canada, most notably REALTOR.ca, leverage the Pinch Platform, which allows borrowers who are applying for a mortgage to select between a specific bank or lender or apply with the assistance of a licensed mortgage broker. DLC is now included in the Pinch Platform and will be available for consumers through REALTOR.ca.   

    Gary Mauris, Chairman and Chief Executive Officer, commented: “The DLC mortgage broker network is delighted to be integrated into the Pinch Platform, and we are excited to work with homebuyers using REALTOR.ca.”

    About Dominion Lending Centres Inc.

    Dominion Lending Centres Inc. is Canada’s leading network of mortgage professionals. DLCG operates through Dominion Lending Centres Inc. and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc. and Newton Connectivity Systems Inc., and has operations across Canada. DLCG’s extensive network includes over 8,500 agents and over 500 locations. Headquartered in British Columbia, DLCG was founded in 2006 by Gary Mauris and Chris Kayat.

    DLCG can be found on X (Twitter), Facebook and Instagram and LinkedIn @DLCGmortgage and on the web at www.dlcg.ca.

    Contact information for the Corporation is as follows:

    Eddy Cocciollo
    President
    647-403-7320
    eddy@dlc.ca    		 James Bell
    EVP, Corporate and Chief Legal Officer
    403-560-0821
    jbell@dlcg.ca

    The MIL Network –

  • MIL-OSI Global: While plastic dominates human consumption, the global economy will remain hooked on fossil fuels

    Source: The Conversation – UK – By Adam Hanieh, Professor of Political Economy and Global Development, Institute of Arab and Islamic Studies, University of Exeter

    Plastic waste in the Maldives. MOHAMED ABDULRAHEEM/Shutterstock

    In early December 2024, hopes for a landmark global treaty to curb plastic pollution were dashed as negotiations in South Korea stalled. Leading the campaign against the deal were major oil-producing nations, especially Saudi Arabia and Russia, who argued for a more flexible approach to any legally binding limits on plastic manufacturing.

    The collapse of any agreement came despite scientific research delivering ever more alarming warnings about the dangers of plastic pollution. Over the last two years, an avalanche of studies have revealed the pervasive presence of tiny plastic particles in human blood, brains, and even placental tissue.

    These particles, which stem from the breakdown of larger plastic waste, have been linked to everything from inflammation to hormonal disruption, and potential long-term health risks such as cancer. Aside from their effects on human health, plastics are wreaking havoc on marine ecosystems, with microplastics now found in Arctic ice and in the bodies of fish and birds.

    Behind these alarming studies stands a seemingly unstoppable juggernaut of plastic production. The annual global production of plastics reportedly grew nearly two hundredfold between 1950 (two million tonnes) and 2015 (381 million tonnes), and the pace of growth is accelerating.

    Over half of all plastics ever made were produced in the past 25 years, and production levels are estimated to double or triple again by 2050. And more production brings more waste.

    Less than 10% of all plastics ever produced have been recycled. And the volume of “mismanaged plastics” – those which are not recycled, incinerated, or sealed in landfills – is also estimated to double by 2050.

    It seems as if humans have become the organic detritus within a plastic world of our own creation.

    Plastic elephants

    But despite growing awareness around the problems associated with plastic, there is a fundamental flaw in how we tend to think about it as a product.

    For there is a tendency to frame plastic as a problem of pollution and recycling, rather than as an integral part of our fossil fuel-driven world. This narrative is also promoted by major oil companies, such as the American giant, ExxonMobil, which stated in the lead up to the South Korean summit: “The issue is pollution. The issue is not plastic.”

    The problem with this perspective is that it obscures the fact that plastics are petrochemical products: substances which are ultimately derived from oil and gas.

    Indeed, the future of fossil fuels is increasingly tied to the future of plastics. It has been estimated that by 2040, plastics will account for as much as 95% of net growth in oil demand.

    This is perhaps why 220 fossil fuel lobbyists attended those recent treaty discussions, outnumbering all other delegations. It could also explain why Saudi Arabia, home to one of the world’s largest petrochemical companies, led the opposition to any global limits on plastic production.

    At the core of capitalism

    The problem we confront is not simply the presence of an oil lobby, it is the systemic role that plastics play within capitalism.

    Plastics, and the wider petrochemical industry, played a crucial part in the transformation of global capitalism from the mid-20th century onwards.

    As I explore in my book, Crude Capitalism, the things we used to need to build and make things previously relied on sourcing naturally occurring, labour-intensive goods like timber, cotton or metals. But the invention of plastics and other synthetic materials separated commodity production from nature.

    More plastic in the pipeline.
    Kodda/Shutterstock

    Oil became more than a fuel – it was the substance that came to dominate our lives. A petrochemical shift to the rise of an oil-dominated world. With capitalism untethered from natural cycles, there was a radical reduction in the time taken to produce commodities and an end to any limits on the quantity and diversity of goods produced.

    Along with this, consumption habits became centred around notions of disposability and obsolescence. Plastics made the essential features of contemporary capitalism possible: a drive to limitless growth, continual acceleration of production and consumption, and the frenzied expansion of markets.

    The emergence of fast fashion is just one example. Alongside poorly paid garment workers in countries such as Bangladesh, really cheap clothing was only made possible through the massive expansion of polyester production (a kind of plastic), which freed the industry from its dependence on supplies of wool and cotton.

    The consumption of plastics looms large in today’s ecological crisis. And having become so accustomed to thinking about oil and gas as primarily an issue of energy and fuel choice, perhaps we have lost sight of how much of our lives depend upon the products of petroleum.

    These synthetic materials drove a post-war revolution in productivity, bringing labour-saving technology and mass consumption. It is now almost impossible to identify an area of life that has not been radically transformed by the presence of plastics and other petrochemicals.

    Plastic products have become normalised as natural parts of our daily existence. And it is this paradox which must be fully confronted if we are to move beyond fossil fuels.

    Adam Hanieh’s research into petrochemicals has been supported by a Political Economy Fellowship from the Independent Social Research Foundation (ISRF).

    – ref. While plastic dominates human consumption, the global economy will remain hooked on fossil fuels – https://theconversation.com/while-plastic-dominates-human-consumption-the-global-economy-will-remain-hooked-on-fossil-fuels-247393

    MIL OSI – Global Reports –

  • MIL-OSI Global: Presidential smiles: the untold story of teeth in the White House

    Source: The Conversation – UK – By Rae Gillibrand, Lecturer, Premodern History, University of Leeds

    When Donald Trump joined Elon Musk for a live interview on X (formerly Twitter) late last year, the conversation covered a range of significant topics: his near-assassination, Biden’s withdrawal from the race, and the future of the presidency. However, for many viewers, an unexpected detail stole the spotlight: Trump’s slurred speech and lisp.

    Was Trump wearing dentures? The public certainly seemed to think so. Throughout the interview, the word “dentures” was mentioned over 15,000 times on X and the interview sparked the resurgence of the hashtag #DenturedDonald.

    Why does this matter? Trump is, after all, 78 years old, and a 2017 survey showed that nearly one in four Americans aged 75 and older have no teeth left at all. However, presidential dental health has long had an impact on public perception and leadership itself. From George Washington’s infamous dentures to Teddy Roosevelt’s toothy grin, a president’s teeth (or lack thereof) have often shaped the way they are seen by the American public.

    Since the appointment of George Washington as the first US president, it has been tradition for each new president to commission a portrait of themselves during their time in office. However, it was not until Ronald Reagan’s portrait, completed in 1991, that we saw a president depicted with a smile.

    This is partly to do with practicality – many early portraits were painted from life, and sitting with a smile for hours was almost impossible – and partly to do with etiquette. In the 18th century, a wide smile was considered a sign of lewdness and drunkenness and associated largely with the lower classes.

    Indeed, a 1703 text on “decorum and civility” said that some people part their lips so that “their teeth are almost entirely visible. This is entirely contradictory to decorum, which forbids you to allow your teeth to be uncovered, since nature gave us lips to conceal them.”

    It is often suggested that historical portraits avoided smiles because of poor dental hygiene, but in reality, social conventions played a much larger role. For earlier presidents, maintaining an image of sobriety, morality and respectability was important, and a serious expression was seen as a reflection of these values.

    This all changed with Teddy Roosevelt. When Roosevelt became the 25th US president in 1901, photography was becoming much more accessible. Technological advancements and the introduction of handheld cameras meant that photography could be practised by a much broader range of people.

    Because of this, Roosevelt was often candidly photographed while laughing or smiling, leading to his reputation as “the first president who smiled”.

    He even capitalised on his grin in his 1904 campaign by releasing the Teddy’s Teeth Whistle. Retailing at five cents (US$1.77 or £1.44 in today’s money), supporters were encouraged to buy a set and “blow the horn for Teddy”.

    Roosevelt’s embrace of his smile and the promotion of his teeth marked a shift in how a president’s image could be used to influence public perception, showing that good dental health could be a powerful political tool.

    Worse than wood

    Not all presidents were as diligent as Roosevelt when it came to dental hygiene. George Washington, for example, was infamous for his poor dental health.

    His letters, diaries and financial accounts reveal a long history of dental troubles, ultimately leading to his use of dentures. However, contrary to popular belief, Washington’s dentures were not made of wood. Instead, they were made from materials including ivory, animal teeth and human teeth.

    One of Washington’s account books reveals that he bought nine teeth from enslaved people on his Mount Vernon plantation. This detail adds a sinister layer to the history of Washington’s dental care because, while these people were paid for their teeth, their enslaved status probably left them with little choice in the matter.

    Washington’s poor dental hygiene also extended to his care of his dentures. They became notoriously stained, largely due to his fondness for rich red wine. One letter from his dentist chastised him for the condition of his dentures, stating: “The set [of dentures] you sent me from Philadelphia … was very black, occasioned either by your soaking them in port wine, or by your drinking it. I advise you to either take them out after dinner and put them in clean water … or clean them with a brush.”

    These insights into Washington’s dental struggles underscore the lasting effect of oral health on the presidential image.

    Presidential dental health has played, and continues to play, an important role in shaping public perception, with teeth often serving as symbols of both personal care and political power. Whether influencing how a president is seen or reflecting broader social attitudes, the state of a leader’s teeth has clearly left its mark on the history of the office.

    Rae Gillibrand 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. Presidential smiles: the untold story of teeth in the White House – https://theconversation.com/presidential-smiles-the-untold-story-of-teeth-in-the-white-house-248391

    MIL OSI – Global Reports –

  • MIL-OSI Global: Why drying clothes indoors could put your health at risk

    Source: The Conversation – UK – By Rebecca A. Drummond, Associate Professor, Immunology and Immunotherapy, University of Birmingham

    Magic Lens/Shutterstock

    Hanging the washing out to dry in the garden has been a rare sight these last few months, with winter storms bringing freezing temperatures and 100mph gusts of wind. But does the way we dry our clothes indoors actually matter?

    Drying wet clothing on racks in poorly ventilated spaces could increase the amount of mould growing in your home, which is associated with poor health and, in some cases, even death.

    When mould grows in your home, it can form black or green coloured patches on the walls, and usually creates an unpleasant musty smell. It shouldn’t be ignored, because being exposed to mould over long periods of time can have serious health implications.

    Mould is a broad term for a group of fungi that produce tiny particles called spores. Fungi produce spores when conditions are right for their growth, which can include cooler temperatures and high humidity. This is why you’re more likely to find mould growing on bathroom ceilings or damp walls, where there is more water for fungal spores to settle and grow.

    There are many different species of mould. The most common ones to cause problems in damp homes are penicillium and aspergillus. It’s estimated that we breathe in small numbers of spores from these fungi on a daily basis.

    Luckily, our immune system is very good at spotting and killing fungal spores, which limits the number of fungal lung infections in humans even though we’re constantly exposed. Immune cells called macrophages sit inside the air spaces of the lungs (called alveoli), and these cells eat anything you inhale that could be considered harmful, including fungal spores.

    Risks for compromised immune systems

    However, there are many people whose immune systems are not able to remove fungal spores, and in these cases the fungi can cause dangerous infections or make underlying health conditions (such as asthma) much worse.

    People who have damaged or compromised immune systems are at higher risk of becoming seriously unwell from fungal infections. Moulds like aspergillus cause infections in patients with limited immune function, or who have lung damage from diseases like asthma, cystic fibrosis and chronic obstructive pulmonary disease (COPD) associated with heavy smoking.

    In people with asthma, the immune system overreacts to triggers (including fungal spores) causing inflammation in the lung. This inflammation makes it more difficult to breathe by reducing the size of the airways. The same type of immune response is responsible for the symptoms of asthma and allergic responses, and fungal spores can also trigger these same types of immune responses. This means that fungal spores can be a particularly powerful trigger for some people.

    In very extreme cases, the fungal spores don’t just cause inflammation but can invade the airways and block them leading to bleeding within the lung. This happens when spores germinate and form long spiderweb-like projections called mycelium which create sticky lumps that block airways and damage the delicate tissues of the lung.

    Growing resistance

    Aspergillus infections are treated with antifungal drugs called azoles, which prevent the fungal cells from forming properly. Azoles are very effective, but there are increasing rates of resistance to azoles reported in aspergillus which is a significant cause for concern.

    We have a limited range of antifungal drugs available to treat mould infections – and when resistance develops this can severely reduce the options a patient has for treatment.

    Resistance to drugs such as azoles can develop in patients who take these drugs for long periods of time, but recent research has indicated that resistance is more commonly developing in the environment, where most fungi are found. This means that even before a patient is diagnosed with an aspergillus infection, it may already be too late for the antifungal drugs to be effective.

    Development of drug resistance in environmental fungi has been linked to use of azoles and other antifungal drugs in farming. Fungal infections are a big problem for crops, and plants need protection from these infections the same way we do. Unfortunately, the same drugs we use in the clinic are the same types that are being used in agriculture.

    Climate change may also be driving drug resistance in environmental fungi. Exposure to high temperatures was recently found to help moulds develop resistance to commonly prescribed antifungal drugs. There have also been reports of patients becoming ill from species of mould that were not thought to cause human disease, in part because they could not grow at the human body temperature.

    More mould species could therefore be picking up the ability to cause infections, as well as becoming drug resistant. Research programs and healthcare initiatives that monitor for these changes are vital to help us become prepared for potential increases in mould infections.

    While a healthy immune system means that typical exposure to fungal spores is not likely to cause you any health problems, being exposed to very large amounts of fungal spores can prove to be fatal even for people who don’t have underlying health issues.

    In 2020, toddler Awaab Ishak died as a direct result of high exposure to fungal spores, caused by excessive damp and mould in his home.

    His death led to a change in UK law (Awaab’s Law) which requires landlords to respond promptly to damp in homes they manage, to ensure that tenants are not exposed to excessive levels of fungal spores which can affect their physical and mental health.

    It’s important, then, to help keep your home free of mould. The best way to do this is ensure you have good ventilation and take other measures to reduce damp, such as using a dehumidifier or investing in a heated clothes rack to dry your clothes indoors in the winter.

    Rebecca A. Drummond receives funding from the Medical Research Council, the Wellcome Trust and the Lister Institute.

    – ref. Why drying clothes indoors could put your health at risk – https://theconversation.com/why-drying-clothes-indoors-could-put-your-health-at-risk-248467

    MIL OSI – Global Reports –

  • MIL-OSI Global: How to argue without falling out – an expert guide

    Source: The Conversation – UK – By Jessica Robles, Lecturer in Social Psychology, Loughborough University

    Pormezz / Shutterstock

    To disagree is an inescapable part of being human. We simply are not all the same. But whereas a small disagreement may remain amiable, particularly over text or online where we can edit our responses, a face-to-face row over a sensitive topic can develop into a more antagonistic form of argument.

    You may have experienced this over the recent festive season, when many of us spend more time in close contact with our relatives than usual. This can sometimes bring simmering tensions to the surface.

    An argument can start over a lot of things, from politics to each other’s behaviour – something anyone who spends much time on social media will be familiar with. But the stronger the view, the more intense and complex an argument can become.

    So, what can you do to avoid a minor argument becoming a major row – whether online or face-to-face? As an expert in social interactions, I think paying attention to what someone says – and how they say it – is crucial, along with learning how to avoid responding in ways that might blow up in your face.

    Remember, disagreements are a normal part of life and relationships. But here are three key tips for how to avoid them escalating into something more serious.

    Ready to make a change? The Quarter Life Glow-up is a new, six-week newsletter course from The Conversation’s UK and Canada editions.

    Every week, we’ll bring you research-backed advice and tools to help improve your relationships, your career, your free time and your mental health – no supplements or skincare required. Sign up here to start your glow-up at any time.

    1. Manage escalation

    If you disagree with someone, stay in the conversation in a productive way by avoiding using direct insults. Also, take care to avoid actions that may put the other person on the back foot, such as accusing, complaining or mocking them.

    We tend to put a lot of emphasis on the content of an argument, and also on our assumptions about what the other person “really thinks”. What is the argument about? Is it just a misunderstanding – or is it a matter of personality, where one party is biased or has some ulterior motive?

    The rise of social media has created an age of endless conflict.
    pathdoc / Shutterstock

    We care very much whether the person actually believes what they are saying. Research suggests we often resent people playing “devil’s advocate” outside of certain settings.

    But you cannot truly know someone’s intentions, so it’s a good idea to avoid thinking the worst about the person you are arguing with. Otherwise, you might unfairly talk to them as if they’re being manipulative, unfair, damaging or thoughtless.

    2. Be open-minded

    Sometimes, what someone has said may sound (and feel) pretty awful. When this happens, keep two things in mind.

    First, nothing we say has just one meaning. There are often multiple interpretations, and you cannot always trust the first one that leaps to mind when you’re in the heat of the moment.

    During an argument, it’s worth slowing down and thinking through all possible interpretations. Consider asking for a moment to think, or getting a cup of tea to distract both of you from an escalation.

    Second, if what the person is saying still sounds negative no matter how charitable you try to be, ask them to explain more. This may not be easy to do, but people will often reveal what they meant if they have to elaborate. And helping them feel as if they are being carefully listened to might defuse a possible escalation.

    3. Stay on track

    There is another side to this coin: choosing carefully what you say, and keeping in mind how you will come across. Anyone can get caught up in an argument and say something they regret, including you.

    Something to balance carefully is “going meta” – pausing to talk about the argument you’re having and the way you’re having it. This can be productive if, for instance, you ask to keep the conversation focused on something specific. However, it can easily come across as an implicit criticism of the other person.

    If you do choose to discuss the quarrel you’re having, you may have to include an apology or speak in a quieter tone to keep the other person from thinking you are going to accuse them of arguing “wrongly” in some way. It’s challenging, so don’t feel bad if you don’t get it right the first time you try this technique.

    Anyone can get caught up in an argument, including you.
    fizkes / Shutterstock

    Do we have the same values?

    People don’t just argue for the sake of arguing. One of the main reasons for engaging in an argument is to position ourselves in relation to other people. Are we on the same side, and do we have the same values?

    Arguments are also tied to identity. The most contentious arguments generate strong feelings. We’re aware that we might be judged for our opinions, and others will assume that we might judge them in return.

    Mutual judgment can easily escalate not just during a disagreement but in the relationship as a whole, causing a temporary falling-out or even loss of friendship. People who want to avoid this often assume the answer is to simply put their feelings aside and “focus on facts”.

    But denying an emotional response might feel like denying one’s commitment to a valued cause. Recognising that someone feels this way is an important step to knowing what you might be able to change their mind about – and what is best left alone, at least for now.

    Jessica Robles 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. How to argue without falling out – an expert guide – https://theconversation.com/how-to-argue-without-falling-out-an-expert-guide-236812

    MIL OSI – Global Reports –

  • MIL-OSI Global: The Sims: from Hot Date to Get Famous, why expansion packs have been key to the game’s longevity

    Source: The Conversation – UK – By Aditya Deshbandhu, Lecturer of Communications, Digital Media Sociology, University of Exeter

    SimCity 3000, the predecessor to The Sims, played a pivotal part in my childhood, growing up in Hyderabad, India. Its recreation of the western, urban world helped me understand how cities were planned, designed and financed – and how they provided people with key services like transportation, health and education while preparing for accidents and other hazards.

    As an eight-year-old trying to figure out my place in the world, that game offered me a way to make meaning of the chaos that can be life. So, when The Sims launched in 2000 – enabling me to live inside a virtual city, rather than simply build one – I had to get my hands on a copy.

    Twenty-five years later, I write this piece in a drastically different gaming landscape, where games offer high visual fidelity and ever-increasing frame rates for ultra-smooth game play. But despite all these technological innovations and the pursuit of photo-realism, the popularity of The Sims’ game designer Will Wright’s satire on American consumer culture endures.

    Sul Sul! This article is part of a mini series from The Conversation marking 25 years of The Sims franchise.

    The franchise’s four Sims games had sold over 200 million copies before the latest instalment, The Sims 4, became free to play in 2022. Players now spend their money on extras within the game. Over 85 million people played The Sims worldwide in 2024.

    At a time when the success of a modern video game is measured in metrics like “cumulative engagement time” (number of players playing at the same time), acquisition of new players and “intensity of engagement” (number of hours spent by a player), now-over-a-decade-old The Sims 4 continues to excel with its mastery of the live-service format.

    The trailer for the first Sims game.

    Live-service describes the form modern digital games embrace when they transition from conventional products into “services” – a shift made possible because games today can be regularly updated, fixed and expanded upon by their makers remotely. They can acquire new levels and in-game features in a similar way to how streaming platforms like Netflix drop new episodes of your favourite show.

    Players don’t buy a live-service game, they sign up for the journey.

    Expanding player horizons

    In each incarnation of The Sims, players have been able to access new ways to perform roles and tasks that mimic everyday life, in the form of expansions and content packs.

    The original title, The Sims (2000), had seven expansion packs and two content packs. I distinctly remember brewing potions in the chemistry lab and rubbing a magic lamp to conjure a genie in the first expansion, Livin’ Large; the new holiday island that was built for The Sims: Vacation; and leaving my Sim’s home to visit downtown areas as part of Hot Date.

    The trailer for The Sims Hot Date expansion pack.

    But for The Sims 4 (2014), the developers went all in. This game – and its subsequent expansions – represents a digital supermarket of lifestyles, sub-cultures, activities and stardom. For example, 2018’s Get Famous pack not only introduced Del Sol Valley – a region that resembled Los Angeles and the Hollywood Hills – but also introduced the “reputation” mechanism for players.

    The Discover University expansion (2019) allowed players to take their Sims to school in a new region called Britechester – after this update, the game integrated Sims’ careers and education, and in many ways changed the rules of the game. And the Eco Lifestyle expansion pack (2020) is memorable because the game engaged with ideas of sustainable living for the first time.

    Genre, fantasy and reality

    From content packs featuring a digital recreation of singer Katy Perry in The Sims 3 to collaborations with streamers, content creators and fashion houses, The Sims has remained relevant by consistently blurring the lines between genre, reality and fantasy.

    Hot Date was a popular early Sims expansion pack.

    Today, video game makers the world over try to master formats like free-to-play games where players pay for cosmetic items, customisations and added content, or expansions offering downloadable content. The Sims set the standard for most of them.

    Over the past 25 years, this franchise has had several life simulation competitors in the form of Second Life, Facebook’s once popular Farmville, virtual reality experiences like Half-Life: Alyx and, during the pandemic when we worked, learnt and played online, initiatives like the Metaverse.

    However, today only The Sims endures. The game’s developers continue to give its players what they want, while also getting them to engage with difficult ideas like sustainability, the question of life and death, and even gentrification (For Rent expansion pack, anyone?).

    Few games let players critique life so closely. For game researchers like me, this begs the question: do people play life simulation games like The Sims in order to build alternative lives, relive their own – or create something entirely new?

    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.

    Aditya Deshbandhu 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. The Sims: from Hot Date to Get Famous, why expansion packs have been key to the game’s longevity – https://theconversation.com/the-sims-from-hot-date-to-get-famous-why-expansion-packs-have-been-key-to-the-games-longevity-248604

    MIL OSI – Global Reports –

  • MIL-OSI Global: How The Sims’ endless customisation fostered one of gaming’s most diverse player communities

    Source: The Conversation – UK – By Andra Ivănescu, Senior Lecturer in Game Studies and Ludomusicology, Brunel University of London

    Katy Perry is in a recording booth. She turns to the camera, smiles and begins to sing: “Badipsa frooby noop”. As if to confirm that we didn’t mishear her, she repeats “Badipsa frooby noop” and gives the camera a thumbs up.

    The moment was captured in 2010, in a behind-the-scenes video of Perry recording her song Last Friday Night in Simlish – the language spoken by characters in The Sims games. It was part of her branded downloadable content (DLC) package, Sweet Treats, which was available to players of The Sims 3.

    The Sims is celebrating its 25th anniversary in 2025, to the chagrin of many a millennial. From its groundbreaking approach to inclusive character creation to the surreal charm of global pop stars re-recording their hits in Simlish, The Sims has always operated at the intersection of individuality and shared culture.

    Created by one of the industry’s few auteur game-designers, Will Wright, The Sims 1 was released on the cusp of the millennium and changed the video game landscape forever.

    The game harks back to what game studies researcher Jesper Juul described, in his foundational book Half-Real (2005), as the “primordial game structure”. This is a game in which the player doesn’t follow a set story or structure in a linear way, but gets to design their own strategies, combining the rules in often unpredictable ways.

    Sul Sul! This article is part of a mini series from The Conversation marking 25 years of The Sims franchise.

    More than that, players are able to tell their own stories and build emergent narratives. These narratives are not about war, fantasy worlds or outer space, but regular people, regular homes, regular jobs and plenty of WooHoo (The Sims’ euphemism for sex).

    Custom creativity

    The Sims franchise provides players with a space to perform and experiment, to be cruel, silly or creative. These modes of play can take the form of machinima – using the game engine to make creative videos. Or using features like the family album, in which players can capture photos of their avatars within the game to make poignant statements about important social issues.

    The base game has provided an increasingly diverse range of opportunities for customisation of characters, spaces and activities. And the large quantity of available DLCs and mods (player-made modifications to the game) has offered even more variety.

    Many of the customisation options have been explicitly related to characters’ identities, and the series has gradually improved its representation. For instance, while the original game already included same-sex relationships, The Sims 2 included a “joined union” option which was similar to marriage. By The Sims 3, same-sex couples could marry with no distinction from opposite-sex couples. Similar developments have taken place in the diversity of skin tones and gender identities as the series progressed.



    Read more:
    Why The Sims 4’s new inclusion of transgender and disabled sims matters

    As a result of these inclusive changes, players enjoy gaming experiences as diverse as they are.

    Phillip Ring, executive producer on The Sims 4, provided an overview of the game’s demographics in a Game Developers Conference talk in 2023. Only 21% of Sims players are men, while 55% identify as heterosexual and 62% as white. Ring explained how the game’s developers, Maxis and Electronic Arts, consider equality, diversity and inclusion as part of hiring, development and engaging with the player community. Active inclusivity has become an essential part of The Sims design.

    None of this touts The Sims as a digital utopia. The franchise has been criticised for its consumerist ideology, and much of its progressive content has been deeply controversial in different territories of the game’s release.

    Katy Perry records Last Friday Night in Simlish.

    For better or worse, the game has both reflected and shaped pop culture – which brings us back to Katy Perry. The Simlish version of her song may sound nonsensical, but it reflected a cultural moment – the post-feminist, anthemic pop of the 2010s.

    That moment has now passed. In a post-Brat summer era, Perry’s Sims moment feels outdated. The Sims, however, remains relevant, evolving alongside popular culture.

    In his book Understanding Video Game Music (2016), musicologist Tim Summers interprets Simlish rerecordings as satires of contemporary pop culture. I disagree. Instead, I believe Simlish is designed to let players “fill in the blanks”, using their imagination to shape meaning.

    This has always been central to The Sims – allowing players to project their own stories onto a world within the cultural zeitgeist. Many of us grew up with The Sims. As we’ve evolved, so has the game – which remains a dynamic cultural artefact.

    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.

    Andra Ivănescu is the recepient of a British Academy/Leverhulme Small Research Grant for her project Gaming Censorship: Videogame Content Regulation in the UK.

    – ref. How The Sims’ endless customisation fostered one of gaming’s most diverse player communities – https://theconversation.com/how-the-sims-endless-customisation-fostered-one-of-gamings-most-diverse-player-communities-248686

    MIL OSI – Global Reports –

  • MIL-OSI Global: How The Sims accidentally invented the cosy game genre

    Source: The Conversation – UK – By Adam Jerrett, Lecturer, Faculty of Creative & Cultural Industries, University of Portsmouth

    Ooboo Vroose Baa Dooo! That’s “happy birthday” in Simlish, the delightfully nonsensical language of The Sims. The life simulation video game franchise turns 25 this year, making me feel officially old.

    Like many others, I grew up playing The Sims, oscillating between designing dream homes and orchestrating ideal careers, and trapping my Sim characters in a tiny block room, removing all the doors and watching the chaos ensue. For the more benevolent among us, The Sims was an endlessly rewarding digital dollhouse.

    Game designer Sid Meier (creator of the Civilisation series) defines a video game as “a series of interesting decisions”. In most games, interesting decisions are about which gun to use or which party member to heal. The Sims’ interesting decisions, however, were far more mundane. “What clothes should I make my simulated human (typically a digital avatar of myself or my friends) wear?”; “Who should they date?”; and, most importantly: “Should I use the ‘rosebud’ cheat to give myself infinite money?”

    The Sims went on to become one of the bestselling franchises of all time, with myriad sequels, expansions and an obsessed player base. While similar titles at the time, such as Black and White, had you playing as an omnipotent god, they were primarily strategy games based around controlling territory. What made The Sims special was its focus on emergent narratives – player-driven experiences where players could create their own stories.

    Sul Sul! This article is part of a mini series from The Conversation marking 25 years of The Sims franchise.

    Much of this focus is also present in what is now called the “cosy game” genre. These are games that focus not on conflict or challenges, but rather on creativity, exploration and personal expression.

    Before Stardew Valley let us befriend a moody fisherman, Animal Crossing allowed us to be financially terrorised by a raccoon, and Unpacking made us cry over a box of kitchen utensils, The Sims showed us a new way to play. One where the biggest challenge was forgetting to pay your bills, and the most rewarding accomplishment was finally affording a pool (whose exit ladder may or may not just have mysteriously disappeared).

    This normalised the idea that games didn’t need to be won to be fun. It was a shift in design philosophy that paved the way for later games that let players tend a farm, manage a café, or befriend ghosts without a game-defined goal.

    A trailer for one of the more recent expansion packs, Cottage Living.

    The Sims was less about victory than it was about making your own fun – whether that meant imagining your future family life with your crush, or seeing how well you could build your Sim’s career from the ground up before succumbing to late-stage capitalism.

    Copying The Sims’ homework

    Many features that define the cosy game genre today trace directly back to The Sims. It popularised meticulous environment building and customisation tools, for example, from house layouts to outfit choices and suspiciously elaborate hedge mazes. This DNA is the bedrock of many modern cosy games, like Tiny Glade’s whimsical castle-building or pandemic hit Animal Crossing: New Horizons’ island growing.

    The Sims was free from combat or major stressors (unless you count fire hazards and rogue Grim Reapers). No timers, no pressure – just vibes (unless you forgot to build a toilet, in which case the vibes would be bad). You could play at your own pace, which came to define other self-paced games like A Short Hike.

    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.

    Much of The Sims was about the relationships between the Sims themselves. They could get married, have children, make friends and even enemies. Instead of fighting for survival, Sims were fighting for their relationships.

    This was augmented by a growing “machinima” fan culture, where players made short films and movies using in-game footage. These forms of emergent, social storytelling are a mainstay of modern gaming and meme culture, made even more prevalent by social media and the “share” buttons now on many game controllers.

    In this work of machinima, a Sims player has made a sitcom trailer using footage from their gameplay.

    Over the years, The Sims franchise has become a bastion for diversity, equity and inclusion. Most recently, that’s meant allowing players to create disabled and transgender Sims.

    This provides more representation to players, and showcases the importance of cosy games for exploring an array of identities, values and stories. The move has even inspired copycats like the upcoming Inzoi, which provides even more realistic graphics and complex life simulation, building on the formula introduced by Sims creator Will Wright all those years ago.

    For 25 years, The Sims has proven that games can be different. They don’t need conflict, challenge or even victory to be engaging. Sometimes, the real joy comes from designing an entire town, crafting a chaotic soap opera – or simply watching a Sim pace around a door-less room, gradually descending into madness.

    Adam Jerrett 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. How The Sims accidentally invented the cosy game genre – https://theconversation.com/how-the-sims-accidentally-invented-the-cosy-game-genre-248702

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: Education Secretary speech on new era of school standards

    Source: United Kingdom – Executive Government & Departments

    Speaking at the Centre for Social Justice, Bridget Phillipson laid out plans for a new era of school standards delivering on the Plan for Change.

    Good morning, everyone.

    Thanks so much for being here. And thanks to the Centre for Social Justice for hosting us. And thanks to Andy.

    It’s great to be back here, this time as Education Secretary, six months into delivering our Plan for Change.

    I know CSJ shares this government’s commitment to ensuring that, whoever you are, wherever you come from, ours should be a country where hard work means you don’t just get by but you get on.

    Some of you were here last year, when I started my speech with a story. And today I want to start with a story too:

    A story about how and why the change I am bringing to the education system matters to me.

    It’s my story.

    I grew up in the late ’80s and early ’90s, a shy little girl, from a tough street in the northeast of England, [political content removed]

    I never met my dad. It was just me and my mum – and my grandparents who lived nearby.

    We didn’t have much. One winter, a neighbour, who himself, he didn’t have very much, found out I’d been playing outside wearing only a jumper.

    He put money through the letterbox in an envelope marked “for Bridget’s coat”.

    Now, not everyone turned to kindness. Crime was a big problem. Our house was burgled time and again.

    And when my mum reported it to the police, our windows were put out, a man turned up with a baseball bat.

    It didn’t seem like that big a deal at the time. These were just things that happened, and frankly not just to us.

    I think often of the children I knew then, held back by who they were, by where they were born.

    So many on my street were denied the opportunity to get on and to succeed.

    Not because they were lazy, they weren’t. 

    They were no less talented than I was, no less ambitious, no less deserving of success.

    But I was given the opportunities that they were denied. I went to great schools, I was taught by wonderful teachers, I had a family that prized learning.

    I was in the very first full cohort to sit SATs tests at Key Stage 1, 2 and 3. I benefited from the national curriculum brought in by a [political content removed] government.

    My school took up that challenge to push kids like me to achieve.

    I worked hard, of course I did.

    But I had the good luck to go to a great school, to have a family who cared deeply about education, a grandfather who read to me week in, week out.

    And like so many stories, this one has a moral lesson at its core.

    I am proof that the system can work, that a great education can be a transformational force, that background doesn’t have to be destiny.

    That belief formed then, is the core of my politics now.

    That the promise our children deserve, that hard work is what counts, no matter your background.

    I believe in that promise, in making that dream real.

    But I saw so many of my friends from my area let down, let down by a system that lacked a restless ambition for their futures, content, too often, to deliver a mediocre education, middling, in schools that drifted, an education that was seen as ‘just fine’ for ‘these kids’.

    For kids like me.

    Michael Gove used to call this ‘the soft bigotry of low expectations’ and with good reason: he was right.

    But I don’t need to be told about that. I grew up with it all around me, in my community, holding back my friends.

    I don’t forget. Not now. Not ever.

    It’s these memories of those injustices, the doors closed, the dreams stifled, the futures denied, that’s what drives me forward in this job.

    I get up every morning to right those wrongs.

    To break down the barriers to opportunity for each and every child.

    Background wasn’t my destiny.

    And I won’t rest until that is true for all children.

    That is my vision for education.

    Opportunity, for those children, for all children. That is our mission, driven by the Prime Minister’s Plan for Change.

    An excellent teacher for every child, a high-quality curriculum for every school, a core offer of excellence for every parent.

    Raising a floor of high standards, below which schools must not slip, above which schools can and must innovate, with no ceiling.

    Now, those memories are from a long time ago. And in the decades since, standards in England’s schools have risen, and millions of children have benefited.

    Our system now has many strengths, to build into that core. The greater use of evidence in classrooms across the country.

    No more flying blind, guided only by tradition.

    Now, what matters is what works [political content removed] reformed exams – more rigour, more challenge.

    Our national curriculum, a national strength, one from which we will build.

    Raising the floor, removing the ceiling.

    Take one example, one that matters immensely.

    Every child learns about the Holocaust, thanks to the national curriculum. That’s the floor we need.

    But teachers can then innovate in how they teach it.

    Stories from newspaper archives of troops finding concentration camps or hearing the testimonies of Holocaust survivors who have been immortalised using recordings and virtual reality technology.

    And now the Curriculum and Assessment Review will take us onward, delivering a core curriculum for all children that is deep and rigorous, knowledge-rich down to its bones.

    And that matters so much, knowledge is foundational, the building blocks of learning.

    It’s no use developing skills if children lack the knowledge to back it up and that curriculum must be taught by the very best teachers.

    As a profession as well as a calling, teaching has come on leaps and bounds, far ahead of when I was at school.

    The use of phonics is just one example where this has delivered for millions of children. Over 100,000 more children every year are securing the phonic foundations of reading since 2012.

    And we will continue down this proud path, for future generations.

    But now, right now, we need more teachers.

    That’s why we are committed to recruiting an additional six and a half thousand new expert teachers over the course of this parliament, ensuring we have more teachers where they are most needed across our colleges and our secondary schools, both mainstream and specialist.

    Because more teachers in our classrooms means more attention for our children. And that attention makes it easier to learn, and drives better attainment.

    More teaching, better learning.

    But more alone is not enough.

    I want to drive up the quality of teaching too.

    Building on the advances in teaching as a profession, and in teacher training.

    That’s why we are requiring all teachers to work towards qualified teacher status – and doubling down on evidence-based training.

    We’ll back our teachers with the very best AI, part of an exciting new wave of technology to modernise our education system.

    These changes are critical for all of our children. But nowhere are they more important than for our children with SEND.

    It’s hard to say about a system that today is failing so many, that there has been progress. The recognition of additional needs, the debate around how we support children with SEND is a sign of progress.

    But there is much, much more to do.

    We must set high expectations for all, spread pockets of excellence right throughout the system. 

    Focus on need and not diagnosis. With children able to access the right support more often in mainstream so that they can learn and thrive.

    Empower schools to intervene earlier, equipping them not just to support, but to excel for children with a range of different needs. Advances in the use of evidence, in the curriculum, in teaching.

    We’ll take that forward, delivering a new for generations of children.

    But perhaps the key driver of rising standards across our schools has been strong multi academy trusts.

    Take an example. Tanfield is a school that sits on the edge of Stanley, just ten miles west of where I grew up.

    Over the decades, tens of thousands of kids with backgrounds just like mine have walked through those school gates.

    And for a long time, the school meandered along, performing poorly, requiring improvement that never quite appeared, delivering outcomes never quite what they could be.

    A reality that year after year, kids were being denied the opportunity to achieve.

    Until Tanfield joined Eden Learning Trust in May 2020. And with a strong head teacher at the helm. That’s when the spark of progress finally arrived.

    The school is now rated as good on some measures, outstanding on others.

    Exam performance rising, above the national average.

    That story fills me with hope, because I know the difference a great school makes to so many children with backgrounds like mine, to severing the tie between background and destiny.

    Academy schools were a part of a great age of reform, from the mid-90s to 2015, a wave of changes that lifted standards for schools and life chances for children.

    Driven forward by a succession of great education reformers – from David Blunkett to Michael Gove, and a generation of dedicated and determined teachers.

    I recognise the focus on tackling low standards in inadequate schools, which previous governments of all parties shared.

    I celebrate the enormous effort by parents and school staff, to haul our entire system into a much better place.

    Strong academy trusts, top teachers, a core curriculum – these are our foundations.

    But sometimes I get the sense that people want to stop there.

    As if we can celebrate progress, but stop pushing for better.

    As if the drive for change, the impatience with failure – that these are the proud tales of yesterday, not the agenda for tomorrow.

    Because I tell you, this government is very clear.

    The journey isn’t over, the mission is never complete.

    It’s almost fifty years since James Callaghan gave a major speech about the purpose of our education system in our country.

    Elements of his challenge, to the established wisdom of his day, are sadly all too familiar.

    He spoke of a system that too often left young people neither ready for work, nor ready for life, the need for more young women to study science, the immense importance of numeracy for the next generation.

    And he spoke of his sympathy with the principle of a national curriculum, a principle that would fall to the next government to deliver.

    But today it is not simply the wisdom of that speech I have in mind.

    Callaghan knew the greatest truth about the determination that governments [political content removed] should have to drive change, for it was he who told us:

    “You never reach the promised land. You can march towards it.”

    So I tell you again, for me, for this government, we know that this march never ends.

    And yet today, the barriers to opportunity have grown only higher, and the stakes for our children are just as high.

    Stuck schools.

    Too many schools coasting.

    Delivering an education that, is just not the standard all children deserve.

    There are more than 600 schools in this country that are stuck, receiving consecutive poor Ofsted judgements.

    More than 300,000 children go to these schools. And what happens to these children?

    They leave primary school with results 14 percentage points worse.

    They leave secondary school with results one grade per subject worse.

    Their life chances, limited by the bad luck of going to a poor school.

    That is our inheritance.  And that is not good enough.

    Stuck schools are the new front in the fight against low expectations.

    I will not accept a system that is content for some to sink, even while others soar.

    These schools must improve, and with the right help, I know they can.

    Our proposals provide a response that is tailored, bespoke, effective – drawing on the insights of new Ofsted report cards.

    Improvement driven by new RISE teams, groups of leading experts who have been there and done it, with a track record of driving up standards.

    Turning around not just schools, but children’s lives.

    The best of the best when it comes to school improvement.

    They will work with schools to get to grips quickly with the problems Ofsted spots, backed with an initial £20m of funding.

    Up to £100,000 per school, dwarfing the basic £6,000 per school that was made available for these very schools by the last government, before being cancelled altogether with structural intervention as a necessary backstop if change does not come quickly enough.

    We now have our first 20 expert advisers in place – and teams are beginning their work with schools up and down the country.

    Trust leaders right at the centre.

    To work with us as partners in the push for better.

    Excellence – for every child.

    High and rising standards – for every child.

    Success – for every child.

    No more stuck schools drifting along.

    Tackling drift by reforming accountability and intervention.

    Now is the time for reform, for renewal, for modernisation.

    To take the whole school system forward.

    The way we hold schools accountable underpins it all.

    How we identify poor performance and drive change,

    To lift the life chances of children.

    We have a strong starting place. The improvements in inspection and accountability starting in the 90s have been instrumental for raising standards in our schools.

    With Ofsted’s role right at its heart.

    And to those who call for the abolition of a strong, independent, effective inspectorate, I have said before and I will say again: never.

    Never will we go back to those dark days of weak accountability.

    Because it was children from disadvantaged backgrounds who suffered the most.

    And because despite those improvements, there is still so far to go.

    So today I am taking us into a new era on school standards.

    Single headline grades were the right innovation at the right time. They brought proper scrutiny to all schools.

    But the time for change has come.

    They had become high stakes for schools but low information for parents.

    And for the challenges we now face, too blunt, too rough, too vague.

    How can it be right that so many critical decisions parents – choices that shape whole lives rest on a single word?

    It simply isn’t enough. Not for schools, not for families, and not for children.

    Our searchlight on poor performance must now become brighter

    to see the problems of today and tomorrow quickly and clearly.

    So a more rigorous system, raising the bar on expectations, on what good really looks like when it comes to the futures of our children.

    Because when we hear that 90% of schools are rated good or outstanding by Ofsted, it’s a reflection of millions of hours of hard work from teachers and leaders.

    But it’s a statistic, I’m afraid, that just no longer paints the full picture.

    Good as a judgement has become too vague to serve its purpose,

    When there are schools rated as “good” in both the top and bottom 1% for attainment.

    So just like we guard against grade inflation, to make sure that results really reflect the achievement of students, we must protect standards here too, because when almost 8 in 10 schools are graded as good, it’s time we bank that progress and take good to another level.

    The imprecision has left too many struggling schools without the support they need to improve.

    If the diagnosis isn’t clear, how can we be confident that the treatment will be right?

    And the change this government brings is one the public know is needed.

    Only 13% of those asked by Ofsted think that the notion that 90% of our schools are Good or Outstanding is truly reflective of the overall quality of schools.

    We need a more diagnostic approach – an approach that is restless and rigorous.

    Our proposals will swap single headline grades for the rich, granular insight of school report cards.

    Raising the bar on what we expect from schools. Shining a light on the areas that matter, each given their own grade.

    Identifying excellence and rooting out performance that falls short of expectations, so that parents have clearer, better information about their local schools.

    And that extra information will underpin changes in how we tackle poor performance.

    The worst performing schools, whether local authority maintained or academies – will be moved to a strong trust.

    That means new leadership brought in to boost the life chances of pupils.

    Children only get one chance: we won’t wait around while schools fail around them.

    And if school report cards identify even one area for improvement for a school, Ofsted will monitor progress, looking out for warning signals, government primed to step in for children, if required.

    The schools and trusts too, able to take swifter action from the more granular school report.

    Because being hands off, for school after school, for year after year, simply cannot be an option when the life chances of our children are at stake.

    And because we know that there is so much brilliance within our schools, so much to learn from and share.

    A new proposed top grade of ‘Exemplary’, for best-in-class practice in a specific area, when Ofsted judge that a school is doing something that is simply too good to be kept inside the school gates.

    Because this is a government that is never content, never complacent, never satisfied, when it comes to standards in schools.

    We want to spread that excellence

    To promote innovation,

    And it’s important we recognise that the best people to do that, the people who so often, will be doing that, are already standing in front of us.

    The best trusts, the best schools, the best leaders.

    Our RISE teams in time providing a universal service, will draw on them, their practice, their knowledge, their experience, helping good schools to become great and the great schools to become even better – spreading their excellence as they go.

    This is a new era in accountability for schools, a new era of relentless improvement. To drive up standards and open up opportunity for all.

    But a new spirit too – including with schools.

    A relationship to improve, not punish, to challenge, not to scold, based on shared aims, not shared hostility.

    An approach that recognises, that when all’s said and done, we all want the same thing.

    Better outcomes for children.

    When I first started in this job, I said I wanted to put education at the forefront of national life.

    So I am delighted to see the debate raging over our reforms – particularly since we introduced our Children’s Wellbeing and Schools Bill.

    I have to say, I welcome it.

    It is a sign that under this government, once again, education is coming back to the centre of national debate.

    I welcome spirited engagement, I welcome robust challenge, I welcome different views – and I will listen to them.

    That is how we shape the very best education system that our children deserve.

    And that’s why the changes we are making to accountability will draw on the wisdom of the entire sector.

    So I am pleased to announce a public consultation on our proposals for school accountability reform.

    Alongside that, Ofsted are consulting on their proposals for report cards and inspection structures.

    I want – we want – to hear the views of teachers and parents, schools and trusts – all those who care about our children’s futures.

    All parents worry about their children and that’s because they want so much for them.

    There were times when I was small when my mum worried about me.

    People would tell her that I had speech issues, because I talked so little.

    Well, I’m talking now.

    And to the young people, the families, who feel like they don’t have a voice, don’t have a future.

    I say this,

    Under this government, [Political content removed] no longer will where you’re from decide what you go on to do.

    Opportunity, for every child, in every school, in every part of the country.

    Everything I do as Secretary of State, I do for all children.

    The ones who grow up on streets like mine, who don’t – not yet – have a great school to go to, who are weighed down by their background.

    I am asking more of schools, of trusts, of parents, of Ofsted, of myself, and of this government.

    And I make no apologies for that,

    We need change, to turn the drift and delay of today, into the restless progress of tomorrow.

    Because I believe that background shouldn’t be destiny.

    I believe in the power of education to take us to a brighter future.

    And I believe each and every child in our country deserves nothing less.

    Thank you.

    Updates to this page

    Published 3 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Outbrain Completes the Acquisition of Teads

    Source: GlobeNewswire (MIL-OSI)

    Highlights:

    • The combination will merge two open internet category leaders to create a unified omnichannel platform that delivers outcomes from branding to performance across all screens, including CTV, mobile and web. The new company will operate under the name Teads.
    • The union creates one of the largest open internet companies, with combined advertising spend of approximately $1.7 billion (FY24), reaching 2.2 billion consumers.
    • The company will unite two of the richest contextual and interest data sets on the open internet, powering an advanced AI prediction engine to optimize advertiser outcomes.
    • Outbrain CEO, David Kostman, will serve as CEO of the combined company, with Jeremy Arditi and Bertrand Quesada, former Teads CEOs, assuming the roles of Co-President, Chief Business Officer of the Americas and International respectively.
    • The two companies are preliminarily reporting a combined Ex-TAC Gross Profit of $623 million and Adjusted EBITDA of $230 million in 2024 including $65-75 million of estimated synergies1.
    • Transaction value of approximately $900 million, comprised of $625 million in cash and 43.75 million Outbrain shares.
    • Altice, selling shareholder of Teads, will nominate two out of a total of 10 board members.
    • Outbrain is providing selected preliminary results for the fourth quarter, in line with previously issued guidance in Outbrain’s November 2024 earnings call, and selected preliminary results for Teads and the combined company.

    NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) — Outbrain Inc. (NASDAQ: OB) today announced the closing of its acquisition of Teads, following receipt of all necessary regulatory approvals. The two companies will merge their respective branding and performance offerings to create the omnichannel outcomes platform for the open internet, and will operate under the name Teads.

    The new Teads will create one of the largest optimized supply paths on the premium open internet, with a focus on connecting curated, exclusive media environments with elevated, data-driven creative experiences. The combined company offering will be strengthened by Outbrain’s proprietary predictive technology and AI optimization. It will provide a solution for marketers to leverage a single partner to deliver concrete outcomes at every step of the marketing funnel— offering unique ways to combine advertising solutions from awareness to sales. The company’s combined data set will power expanded contextual, audience and purchase-based targeting capabilities, connecting CTV experiences to digital moments to drive measurable outcomes.

    “I am extremely excited about this new chapter in our journey. This transformative merger creates a company that directly addresses a large gap in the advertising industry: a scaled end-to-end platform that can drive outcomes, from branding to consideration to purchase, across screens,” said CEO, David Kostman.

    “Together, we are creating an extraordinary new company, combining the best of both organizations’ deep expertise in omnichannel video branding solutions and performance advertising. The new Teads’ mission is to drive lasting value with an offering that invites marketers to expect better outcomes, media owners to expect sustainable value, and consumers to expect elevated experiences. I want to thank the teams of both Outbrain and Teads, who have pioneered major advertising categories, and have built leading global companies over more than a decade. It is their innovation and commitment that have brought us to this moment and will propel us to new heights,” added Kostman.

    Co-President & Chief Business Officer, Jeremy Arditi, added: “We’re committed to creating a solution that will harness the untapped opportunity of the open internet, and allow all of its constituents to thrive. We believe that by prioritizing beautiful creative experiences, trust and transparency in media, and delivery of meaningful outcomes, we can create a stronger ecosystem that provides value for all.”

    “The merger between Teads and Outbrain makes a lot of sense strategically. We look forward to exploring the new possibilities this provides us with to reach our audiences in a new and interesting way, to deliver full funnel solutions and better business outcomes,” said Sital Banerjee, Global Head of Integrated Media, Performance Marketing, and BMI Management at Lipton Teas and Infusions.

    Key Combined Strengths

    With the completion of the combination, the new Teads will offer clients and partners:

    • Exceptional reach at great scale, across exclusive environments
      • 96 percent open internet audience reach*
      • Number one most direct supply path, as rated by Jounce**
      • Direct access to 10,000 media environment
      • Connected to the top 4 OEMs and several of the top Streaming Apps unlocking access to 50bn CTV Monthly Ad Opportunities, including unique CTV homescreen inventory
      • Proprietary code-on-page relationships with premium editorial properties globally, providing access to incremental inventory and yielding extensive audience interest and engagement insights
    • Creatives built for outcomes
      • Data-driven, beautiful creative solutions designed to connect brand moments across the marketing funnel — from CTV to editorial and beyond
      • Proven impact from unique experiences, with 74 percent higher attention for unique CTV native creative
      • Strategic Joint Business Partnerships with more than 50 of the world’s most premium brands
    • AI-powered predictive technology
      • Proprietary prediction engine, cultivated over 18+ years to drive performance outcomes, making 1 billion predictions each minute
      • 4 billion signals processed each minute via AI and machine learning
      • 50 live AI models
    • Expansive omnichannel graph, expanded on the Teads Omnichannel Graph foundation
      • The Teads Omnichannel Graph (OG), a proprietary tool extending contextual and audience-targeting capabilities into the CTV environment, will be further expanded by Outbrain engagement, interest, and conversion data
      • Extensive data signals feeding an understanding of audiences across screens, including:
        • 130,000 articles scanned per minute
        • 500,000 CTV programs enriched with data per month
        • 1 billion engagement and contextual signals processed each minute

    *According to Comscore, Media Metrix, Key Metrix, US, December 2024 for Teads.
    **According to 2024 Jounce SPO analyses, specific to Teads platform.

    Transaction Details

    Outbrain, Altice and Teads have amended the previously announced share purchase agreement, dated August 1, 2024. Under the terms of the revised agreement, Outbrain will be paying a total consideration of approximately $900 million, consisting of $625 million upfront cash and 43.75 million shares of common stock of Outbrain (valued at approximately $263 million based on the closing price of Outbrain’s common stock as of January 31, 2025, of $6.01).

    Under the revised terms, there is no deferred cash payment or convertible preferred equity component. The revised terms have meaningfully reduced the level of required debt financing and simplified the transaction structure.

    Outbrain intends to finance the transaction with existing cash resources and $625 million in committed debt financing from Goldman Sachs Bank USA, Jefferies Finance LLC and Mizuho Bank, Ltd., subject to customary funding conditions. Outbrain will also issue to Altice 43.75 million shares of common stock. Altice will nominate two directors to the board of Outbrain and will be bound by a stockholder agreement with Outbrain containing arrangements and restrictions concerning voting and disposition of the shares issued to Altice.

    Financial Highlights

    Preliminary Estimated Unaudited Financial Information for the Quarter and Year Ended December 31, 2024

    Today Outbrain is furnishing on Form 8-K selected preliminary estimated unaudited financial information for each of Outbrain and Teads on a standalone basis and on a combined company basis for the quarter and year ended December 31, 2024. Excerpts of such financial information can be found below. You are encouraged to refer to the Form 8-K and other documents filed or furnished by Outbrain with the SEC through the website maintained by the SEC at www.sec.gov.

    The Company previously announced its expectation to achieve $50 – 60 million of annual revenue and cost synergies in the second full year following completion of the acquisition, with further opportunities for expanded synergies in the following years. The Company now expects to realize approximately $65 – 75 million of annual synergies in FY 2026 with further opportunities for expanded synergies in the following years. Of this amount, approximately $60 million relates to cost synergies, including approximately $45 million of compensation related expenses. The Company plans to action approximately 70% of the compensation related expense savings during the first month post-closing. The upsize in expected synergies follows a robust integration planning process, enabling a larger and more rapid synergy capture.

    Outbrain is providing selected preliminary results for the fourth quarter and full year 2024, as follows:

    • Ex-TAC gross profit of $68.3 million for Q4 2024, and $236.1 million for FY 2024
    • Adjusted EBITDA of $17.0 million for Q4 2024, and $37.3 million for FY 2024

    For Teads, we are providing the following selected preliminary results for the fourth quarter and full year 2024, as follows:

    • Ex-TAC gross profit of $119.9 million for Q4 2024, and $386.6 million for FY 2024
    • Adjusted EBITDA of $52.2 million for Q4 2024, and $122.7 million for FY 2024

    The two companies are preliminarily reporting a combined Ex-TAC Gross Profit of approximately $623 million and Adjusted EBITDA of approximately $230 million in 2024, including $65-75 million of estimated synergies2.

    Conference Call and Webcast:
    Outbrain will host an investor conference call this morning, Monday, February 3rd at 9:00 am ET. Interested parties are invited to listen to the conference call which can be accessed live by phone by dialing 1-877-497-9071 or for international callers, 1-201-689-8727. A replay will be available two hours after the call and can be accessed by dialing 1-877-660-6853, or for international callers, 1-201-612-7415. The passcode for the live call and the replay is 13751603. The replay will be available until February 17, 2025. Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Investors Relations section of the Company’s website at https://investors.outbrain.com. The online replay will be available for a limited time shortly following the call.

    Cautionary Note About Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the U.S. federal securities laws and the Private Securities Litigation Reform Act of 1995, which statements involve substantial risks and uncertainties. These statements are based on current expectations, estimates, forecasts and projections about the industries in which Outbrain and Teads operate, and beliefs and assumptions of Outbrain’s management. Forward-looking statements may include, without limitation, statements regarding possible or assumed future results of our business, financial condition, results of operations, liquidity, plans and objectives, expected synergies and statements of a general economic or industry-specific nature. You can generally identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “foresee,” “potential” or “continue” or the negative of these terms or other similar expressions that concern our expectations, strategy, plans or intentions, or are not statements of historical fact. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties and other factors including, but not limited to: risks that the acquisition disrupts current plans and operations or diverts management’s attention from its ongoing business; the initiation or outcome of any legal proceedings that may be instituted against Outbrain or Teads, or their respective directors or officers, related to the acquisition; unexpected costs, charges or expenses resulting from the acquisition; the ability of Outbrain to successfully integrate Teads’ operations, technologies and employees; the ability to realize anticipated benefits and synergies of the acquisition, including the expectation of enhancements to Outbrain’s services, greater revenue or growth opportunities, operating efficiencies and cost savings; overall advertising demand and traffic generated by Outbrain and the combined company’s media partners; factors that affect advertising demand and spending, such as the continuation or worsening of unfavorable economic or business conditions or downturns, instability or volatility in financial markets, and other events or factors outside of Outbrain and the combined company’s control, such as U.S. and global recession concerns; geopolitical concerns, including the ongoing war between Ukraine-Russia and conditions in Israel and the Middle East; supply chain issues; inflationary pressures; labor market volatility; bank closures or disruptions; the impact of challenging economic conditions; political and policy uncertainties; and other factors that have and may further impact advertisers’ ability to pay; Outbrain and the combined company’s ability to continue to innovate, and adoption by Outbrain and the combined company’s advertisers and media partners of expanding solutions; the success of Outbrain and the combined company’s sales and marketing investments, which may require significant investments and may involve long sales cycles; Outbrain and the combined company’s ability to grow their business and manage growth effectively; the ability to compete effectively against current and future competitors; the loss or decline of one or more large media partners, and Outbrain and the combined company’s ability to expand advertiser and media partner relationships; conditions in Israel, including the ongoing war between Israel and Hamas and other terrorist organizations, may limit Outbrain and the combined company’s ability to market, support and innovate their products due to the impact on employees as well as advertisers and advertising markets; Outbrain and the combined company’s ability to maintain revenues or profitability despite quarterly fluctuations in results, whether due to seasonality, large cyclical events or other causes; the risk that research and development efforts may not meet the demands of a rapidly evolving technology market; any failure of Outbrain or the combined company’s recommendation engine to accurately predict attention or engagement, any deterioration in the quality of Outbrain or the combined company’s recommendations or failure to present interesting content to users or other factors which may cause us to experience a decline in user engagement or loss of media partners; limits on Outbrain and the combined company’s ability to collect, use and disclose data to deliver advertisements; Outbrain and the combined company’s ability to extend their reach into evolving digital media platforms; Outbrain and the combined company’s ability to maintain and scale their technology platform; the ability to meet demands on our infrastructure and resources due to future growth or otherwise; the failure or the failure of third parties to protect Outbrain and the combined company’s sites, networks and systems against security breaches, or otherwise to protect the confidential information of Outbrain and the combined company; outages or disruptions that impact Outbrain or the combined company or their service providers, resulting from cyber incidents, or failures or loss of our infrastructure; significant fluctuations in currency exchange rates; political and regulatory risks in the various markets in which Outbrain and the combined company operate; the challenges of compliance with differing and changing regulatory requirements; the timing and execution of any cost-saving measures and the impact on Outbrain and the combined company’s business or strategy; and the other risk factors and additional information described in the section entitled “Risk Factors”, and under the heading “Risk Factors” in Item 1A of Outbrain’s Annual Report on Form 10-K filed with the SEC on March 8, 2024 for the year ended December 31, 2023, Outbrain’s Form 10-Q filed with the SEC on August 8, 2024 for the period ended June 30, 2024, Outbrain’s Form 10-Q filed with the SEC on November 7, 2024 for the period ended September 30, 2024 and in subsequent reports filed with the SEC.

    Accordingly, you should not rely upon forward-looking statements as an indication of future performance. Outbrain cannot assure you that the results, events and circumstances reflected in the forward-looking statements will be achieved or will occur, and actual results, events or circumstances could differ materially from those projected in the forward-looking statements. The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Outbrain and the combined company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and you should not place undue reliance on the forward-looking statements. Outbrain undertakes no obligation, and does not assume any obligation, to update any forward-looking statements, whether as a result of new information, future events or circumstances after the date on which the statements are made or to reflect the occurrence of unanticipated events or otherwise, except as required by law.

    About The Combined Company
    Outbrain Inc. (Nasdaq: OB) and Teads combined on February 3, 2025 and are operating under the new Teads brand. The new Teads is the omnichannel outcomes platform for the open internet, driving full-funnel results for marketers across premium media. With a focus on meaningful business outcomes, the combined company ensures value is driven with every media dollar by leveraging predictive AI technology to connect quality media, beautiful brand creative, and context-driven addressability and measurement. One of the most scaled advertising platforms on the open internet, the new Teads is directly partnered with more than 10,000 publishers and 20,000 advertisers globally. The company is headquartered in New York, with a global team of nearly 1,800 people in 36 countries.

    For more information, visit https://thenewteads.com/.

    Media Contact

    press@outbrain.com

    Investor Relations Contact

    IR@outbrain.com
    (332) 205-8999

    Non-GAAP Reconciliations

    The following table presents the reconciliation of Gross profit to Ex-TAC gross profit, for the periods presented:

        Three Months Ended December 31, 2024   Year Ended December 31, 2024
        Outbrain   Teads   Combined   Outbrain   Teads   Combined
    Revenue   $ 234,586     $ 188,953     $ 423,539     $ 889,875     $ 617,435     $ 1,507,310  
    Traffic acquisition costs     (166,247 )     (69,091 )     (235,338 )     (653,731 )     (230,831 )     (884,562 )
    Other cost of revenue (a)     (12,277 )     (26,441 )     (38,718 )     (44,042 )     (106,414 )     (150,456 )
    Gross profit     56,062       93,421       149,483       192,102       280,190       472,292  
    Other cost of revenue (a)     12,277       26,441       38,718       44,042       106,414       150,456  
    Ex-TAC Gross Profit   $ 68,339     $ 119,862     $ 188,201     $ 236,144     $ 386,604     $ 622,748  

    ___________
    (a) Other cost of revenue for Teads is subject to accounting policy harmonization.

    The following table presents the reconciliation of net income (loss) to Adjusted EBITDA, for the periods presented:

        Three Months Ended December 31, 2024   Year Ended December 31, 2024
        Outbrain   Teads   Combined   Outbrain   Teads   Combined
    Net (loss) income   $ (167 )   $ 69,613     $ 69,446     $ (711 )   $ 89,318     $ 88,607  
    Interest expense/financial costs     699     $ 116       815       3,649       1,176       4,825  
    Interest income and other income, net     (1,522 )   $ –       (1,522 )     (9,209 )     –       (9,209 )
    Gain related to convertible debt     –       –       –       (8,782 )     –       (8,782 )
    Other financial income and (expenses)     –       (13,973 )     (13,973 )     –       (26,404 )     (26,404 )
    Provision for income taxes     3,525       16,143       19,668       2,415       38,256       40,671  
    Depreciation and amortization     4,985       3,027       8,012       19,479       12,834       32,313  
    Share-based compensation     3,974       (28,089 )     (24,115 )     15,461       –       15,461  
    Severance costs     –       393       393       742       1,593       2,335  
    Merger and acquisition costs     5,469       4,930       10,399       14,256       5,890       20,146  
    Adjusted EBITDA, excluding synergies   $ 16,963     $ 52,160     $ 69,123     $ 37,300     $ 122,663     $ 159,963  
    The Company expects to realize approximately $65 – 75 million of annual synergies in the second full year following completion of the Acquisition. (midpoint)                         70,000  
    Combined company Adjusted EBITDA (incl. synergies)                       $ 229,963  

    1Represents estimated full year 2026 Adjusted EBITDA synergies, with further opportunities for expanded synergies in the following years. Ex-TAC Gross Profit and Adjusted EBITDA are non-GAAP financial measures. See “Non-GAAP Reconciliations” below.
    2Represents estimated full year 2026 Adjusted EBITDA synergies, with further opportunities for expanded synergies in the following years

    The MIL Network –

  • MIL-OSI United Kingdom: New partnerships for growth: FCDO Minister’s speech at the LSE

    Source: United Kingdom – Executive Government & Departments

    FCDO Minister for Development Anneliese Dodds gave a keynote speech to the UK financial sector at the London Stock Exchange today on partnerships for growth.

    Thank you so much, Julia [Dame Julia Hoggett, CEO of the London Stock Exchange], and a very good morning to all of you.

    Thank you so much for joining us today, I really appreciate it.

    It was an absolute thrill to see the market open this morning.

    I am very keen to hear from as many of you as possible, so I’m not going to speak for too long.

    I want to leave plenty of time for questions.

    But I do want to share a few reflections with you this morning.

    This is, as Dame Julia kindly said, the second time I had the privilege of opening the London Stock Exchange.

    I had the privilege of speaking in this room almost two years ago, and it was then as now a very moving moment, because sat in the front row were some of the first women, in fact the first women, and others who set foot on the London Stock Exchange because they had not been allowed to do so until then.

    What a privilege to have been there for that moment, as for this moment.

    Two years ago, when I was here, I spoke about my own family background – with my dad having worked in financial services.

    And I want again to place on record, my respect for the work that goes on in this building, and across the country.

    Businesses in the financial sector power jobs and growth across the UK, and indeed often around the world as we’ve just heard.

    Well, of course, a lot has changed in the last two years, since I was last here.

    I am addressing you, not as a shadow minister – but now as the Minister for Development, and for Women and Equalities.

    We have a new government focused on growth and restoring our reputation on the world stage.

    And the Prime Minister and the Chancellor have set us all a guiding mission to grow our economy, and bring opportunity to people across our country.

    They have been clear that supporting growth and development around the globe is not just the right thing to do.

    It is an essential part of how we unlock growth, jobs, trade, investment, and pride in our economy here at home as well.

    Indeed, as the Foreign Secretary said in a major speech at the start of the new year, in today’s contested, competitive world, what we need now is a whole new level of global engagement – drawing on our greatest strengths.

    That absolutely includes the expertise, experience, and dynamism in this room.

    Clearly, the City of London and wider UK financial sector must be at the heart of how we meet the opportunities and challenges of our time.

    Twenty years ago, people marched and campaigned to Make Poverty History.

    [Political content redacted]

    That call was heeded and huge progress was made.

    Debt was cancelled, and development assistance was ramped up.

    Lives were saved and lives were changed.

    Today, the challenges we face are growing and becoming increasingly complex – not least because our world is so deeply interconnected.

    We have all seen how shocks can indeed reverberate across the globe.

    A vicious cycle of conflicts.

    The pandemic.

    The climate and nature crisis, and others.

    We have seen supply chains disrupted, and investor confidence shaken – harming our economy, here at home.

    Yet we have all seen the power of harnessing this interconnectedness as well.

    By working together – we can get ahead of global shocks, mitigate their impact, and unlock new opportunities for growth.

    For outward investment by UK businesses.

    To build future markets for UK exports.

    To support low-and-middle-income countries to grow their economies as well.

    As the UK’s Minister for Development, and for Women and Equalities, I am determined to build genuine partnerships across the Global South, based on genuine respect, and in service of our mutual interests.

    Indeed, in all of the visits I’ve undertaken over the last 6 months, from Indonesia to Malawi, to the major global gatherings of the UN General Assembly, the World Bank Annual Meetings, and the climate summit at COP29 – I heard loud and clear that our drive for growth is an ambition our partners all share.

    They want respectful, modern partnerships that benefit us all, too.

    They want to tap into your expertise and the innovative financial solutions you are pioneering – to harness the power of private finance.

    They want to work with us to build resilience to shocks.

    To escape the trap of unsustainable debt.

    To break down the barriers to private investment.

    And they want to work with us to champion much-needed reform of the global financial system, so we unlock more opportunities for everyone – from millions of women and girls around the world whose game-changing potential has yet to be unleashed, to investors right here in the City of London.

    Your hard work is at the heart of these partnerships.

    Already, 115 African companies are listed here.

    London is the world’s number one hub as I said before for green finance.

    All of this puts the UK in pole position to be the leading source of investment for emerging markets – and to build on the reputation you have worked so hard to develop.

    So today, I want to focus on four key areas, where the government and the City can make the most of the important roles we have to play – to support stable, resilient long-term growth, here at home, and around the world.

    Mobilising private capital – to help us maximise the impact of public and private finance.

    Reforming international financial institutions – to make sure they are bigger, better, and fit for the future.

    Tackling unsustainable debt – to achieve the fast, orderly restructuring that helps countries avoid default and supports stability.

    And scaling up insurance – to get more finance in place before disasters strike, to protect and promote growth across the world.

    First – mobilising private capital.

    Together, we can maximise the impact of billions of dollars of public money – and unlock many billions more.

    Consider that globally, there are some $121 trillion of assets under management.

    Currently, Africa accounts for less than 1% of the overseas portfolio allocation of UK pension funds.

    Yet Africa’s GDP growth – and I know I don’t need to tell many in this room of this – is projected to outpace the global average – and almost 70% of UK savers say they want their investments to consider impact on people and the planet.

    It is time to lean in.

    So, I was delighted to hear the Chancellor announce her plans – to consolidate the UK’s fragmented £1.3 trillion pension fund landscape, and create larger, more agile funds, capable of investing in high-growth emerging and developing markets.

    This is exactly the kind of opportunity we need to embrace.

    And I’m delighted that today, a new report from leading UK-based institutional investors sets out how the UK can continue to be the climate finance hub for the world.

    The report makes it clear that investing in other countries to accelerate the transition to clean energy is critical – to growing our economy at home, and to building financial stability long-term, in the UK, and right around the world.

    The Energy Secretary is rightly championing this through the new Global Clean Power Alliance, that the Prime Minister launched at the G20 in Rio.

    Well, today I am pleased to announce that alongside the Economic Secretary to the Treasury, I am convening an Investor Taskforce – to increase UK private investment for climate and development, in markets around the world.

    We are building partnerships with public markets like the London Stock Exchange to pursue this.

    In just four years, our flagship MOBILIST initiative has mobilised almost $250 million for listed products focussed on climate and development globally – including recent investments, like the infrastructure securitisation through Bayfront.

    This method of structuring bank infrastructure loans makes it possible for institutional investors to purchase them through investment-grade listed instruments.

    MOBLIST also helped achieve a $100 million first close for the Green Guarantee Company that will provide up to $1 billion of guarantees – for institutional investors buying green bonds, including those listed on the London Stock Exchange, and green loans issued in the private credit market.

    Today, I am pleased to announce up to £100 million of additional funding for MOBILIST – so we can build on this innovative work pioneering public market investment in emerging markets.

    This will allow MOBILIST to provide a platform for even more partners to draw on UK financial expertise – unlocking opportunities for investments in green growth, and helping more businesses to access new and affordable sources of capital across Asia, Africa, and Latin America.

    MOBILIST is not the only way that we are doing this.

    When I visited the London-based Private Infrastructure Development Group, funded by the UK and others – I saw how they are developing and de-risking infrastructure projects across Africa and Asia.

    The UK financial sector has been a key partner for them.

    For example, one arm of the group – GuarantCo – has guaranteed bonds and loans, to unlock $5.7 billion of private investment in infrastructure, benefitting over 44 million people.

    And – breaking news – I am delighted that a new $50 million deal with Standard Chartered Bank – signed today – will allow them to expand further.

    As another example, take British International Investment, or BII – the world’s oldest Development Finance Institution, at the forefront for 75 years.

    The BII teams were full of ambition when I visited their HQ in November.

    I am always proud to tell our partners that 25% of BII’s new investment commitments already meet the 2X Challenge standard – to increase investment in women.

    By making this a priority, BII is funding everything from affordable housing led by women in India, to making lines of credit accessible to small-scale retailers run by women in Nigeria – supporting jobs and growth.

    And when I sat down with key African investors alongside partners from the City in the autumn, I was able to highlight that over half of BII’s portfolio is invested in Africa, and at least 30% of BII’s investments are in climate finance.

    So today, I want to encourage you to engage with their live call for proposals that is open right now.

    BII are looking for innovative pilots to be funded through a new facility announced by the PM at UNGA in New York – that we expect to mobilise over $500 million of institutional investment.

    We are supporting public markets to mobilise finance in other ways as well.

    UK support has been instrumental in helping Ethiopia to launch its first public stock exchange just a few weeks ago, with support from the UK government through Financial Sector Deepening Africa – or ‘FSD Africa’ for short.

    This exchange brings transparency and international-standard accounting to listed companies – and the diverse ownership that should improve accountability, and broaden both the gains from growth, and the buy-in.

    We are sharing UK expertise on financial regulation with our partners as well.

    Through a partnership with the Foreign, Commonwealth, and Development Office, the Bank of England is now supporting more than 10 countries to improve monetary policy and strengthen financial stability – from Nigeria to South Africa, and from Bangladesh to Indonesia.

    And in the last few days we have signed a new partnership with the Financial Conduct Authority, that will lead to them sharing knowledge with partner countries – to ensure that markets are competitive and fair.

    That is good for our partners – and it is good for us as well.

    Last year, Tanzania’s NMB Bank cross-listed East Africa’s first sustainability bond on the London Stock Exchange and the Dar es Salaam Stock Exchange – again, with support from FSD Africa, and an anchor investment from BII.

    The $73 million raised through this ‘Jamii’ Bond will support renewable energy, food security, jobs, and growth.

    In fact, thanks in no small part to your hard work, these sorts of listing are becoming a trend on the London Stock Exchange.

    Last year, the Brazilian Government dual-listed its first $2 billion sovereign sustainable bond on the London Stock Exchange.

    That was followed by a full listing of its second $2 billion sustainable bond, a few weeks later.

    All of this was enabled by UK support that helped Brazil develop a Sovereign Sustainable Bonds framework.

    Now, as we heard earlier, just a few weeks ago, the first $500 million Climate Investment Funds Capital Markets Mechanism bond was issued on the London Stock Exchange.

    It generated considerable investor interest.

    As has already been mentioned of course, it was over-subscribed six times over.

    Further issuances could raise up to $7.5 billion over ten years, for new investments in clean energy in developing countries – leveraging UK government contributions, and those from our international partners.

    So, I could not have been more delighted to open the market this morning – and to congratulate the Climate Investment Funds and World Bank Treasury on issuing this promising new bond today.

    Now, of course, no one in this room is going to invest in developing economies, or provide climate finance – simply because it is a nice thing to do.

    You are making those investments and building those partnerships because they represent a remarkable opportunity – to marry investment in the economies and technologies of the future, with the experience and expertise of the City of London.

    [Political content redacted]

    Let us keep up the momentum – so the London Stock Exchange continues to be the preferred choice.

    My second point is about reforming international financial institutions.

    We are asking a lot of all of you – but of course, there are certain things that only governments can do.

    And reforming the multilateral development banks or MDBs is one of the biggest ways that we are holding up our end of the bargain.

    Every year, the World Bank Group and various regional development banks multiply every pound the UK government and other shareholders put in.

    Last year alone, they raised around £30 billion from bond issuances in London.

    Together with finance raised on other markets around the world, this allowed them to deploy over $170 billion to low-and-middle-income countries.

    This finance is on much more affordable terms than many of our partners could access directly – thanks to the banks’ triple-A credit ratings.

    They use this to invest in high-impact public and private projects.

    Green infrastructure, healthcare, education, women and girls – all underpinning the foundations for growth around the world, and here in the UK.

    So clearly, pursuing reforms that make the MDBs bigger, better, and fit for the future is key.

    As the Prime Minister set out at the UN General Assembly last year –that is exactly what we are using the UK’s influence to do, in partnership with the Global South.

    Indeed, when I travelled to Washington D.C in October, as the UK Governor of the World Bank Group, I made it my priority to agree changes to its risk appetite, that will unlock an additional $30 billion over ten years.

    This builds on UK government guarantees that have made it possible for the World Bank and other MDBs to lend an additional $6 billion, across Africa, Asia, and the Pacific.

    Ahead of the next big ‘Financing for Development’ summit in Seville this summer – we must do more.

    To make sure the MDBs can shoulder more risk.

    To create more opportunities for private companies to invest in emerging markets.

    And to empower the women and girls who have the power to lift up whole families, communities, countries, and economies.

    Thirdly – we have to tackle the unsustainable debt that is dampening global growth.

    As we take the next steps now, we need the City to be at the forefront of expertise and solutions, to make sure that countries facing unsustainable debt burdens can restructure it effectively.

    Clearly, fast, orderly restructuring can help countries avoid default, and support stability.

    This is squarely in the interest of lenders, such as bondholders and commercial lenders here in the City.

    Obviously, it is squarely in the interests of borrowers too.

    I heard that loud and clear from the governments of Malawi and Zambia during my visit at the end of last year.

    With some 95% of African bonds issued under English Law, the UK has a key role to play.   We need to leverage this.

    Half of the lowest income countries are now in debt distress, or at high risk of it.

    Some 3.3 billion people are living in countries that are spending more on servicing their debt, than on the health and education services that underpin long-term, global growth.

    So, I want us to build on the successes of Collective Action Clauses that featured in over 90% of new bond issuances.

    These have been rolled out widely since their introduction in 2004.

    They have played an important role in ensuring a smooth process and strong private sector participation, in recent debt restructuring negotiations in Ghana and Zambia – avoiding situations where one or two bondholders can hold up a deal.

    This is a great example of what market-friendly innovation can achieve.

    My challenge to the commercial banks now is to introduce the equivalent clauses for syndicated lending – that the UK government has worked with the International Capital Markets Association, legal and financial advisors based in the City, and international partners to develop.

    No lender has implemented them – yet.

    So today, I am announcing that the UK government will offer support for the first ten transactions that put ‘majority voting provisions’ into existing or new lending to low-or-middle-income countries.

    Together, we can speed up debt restructuring negotiations with syndicated lenders – and get growth recovering more quickly in cases where debt has become unmanageable.

    We can do more on Climate Resilient Debt Clauses as well.

    The UK government was the first bilateral creditor to offer these clauses.

    Several other lenders have followed since.

    The difference they can make is significant.

    They allow repayments to be paused when a shock hits.

    This frees up fiscal space for countries responding to a crisis.

    Helps avoid default.

    Supports stability.

    And safeguards growth.

    Just look at Grenada.

    At the end of last year, following Hurricane Beryl – these clauses were triggered on government-issued bonds

    The result was $30 million of interest payments being suspended over the following year – thanks to the bondholders who pioneered these clauses.

    Already, we are going further.

    In October, I announced that the UK will support small states to take up Climate Resilient Debt Clauses in their World Bank loans, by covering the fees.

    In the long run these should be offered at no cost – improving sustainability, and offering benefits both to borrowers and lenders.

    All of this builds on the leadership of countries like Grenada and Barbados who championed these clauses.

    Today, I am reiterating our call on all creditors to offer these clauses in their sovereign lending, by the end of this year – including private sector lenders here in the City.

    I want to see greater transparency on debt as well.

    This improves investors’ understanding – and reduces the hidden debt that poses substantial risks for creditors here in the City.

    It lowers the cost of borrowing for our partners.

    And it allows citizens across the world to hold their governments to account for borrowing and using resources.

    Already, the UK government publishes all its new lending quarterly, on a loan-by-loan basis.

    Now, we want to see other public and private creditors meeting the same standards of transparency in their lending – especially to low-income countries.

    The UK will keep under review if further action is needed – working together with the private sector, to combat high levels of indebtedness.

    Fourth and finally, we need to get insurance and other contingent finance in place before disasters strike, so we protect and promote growth around the world.

    Extreme weather events are on the rise, as we all know.

    Millions of the world’s poorest and most vulnerable people are bearing the brunt of repeated shocks.

    Yet currently, less than 2% of crisis finance is of the ‘pre-arranged’ variety – that makes sure every pound spent yields three or four times its worth in benefits.

    Changing that is so important – to help countries receive the rapid payments they need to avoid losses.

    To reduce the need for humanitarian support.

    And to protect growth and jobs.

    Once again, the City is well-placed to meet the needs of this growing, and largely untapped market – as a global leader in innovative insurance and managing risk.

    In Africa, the Caribbean, South-East Asia and the Pacific, the FCDO has helped to establish regional insurance schemes – helping countries get cheaper prices by buying insurance from the private sector as a group, pooling their risk.

    London reinsurers underwrote a quarter of the first eight pools that have allowed Africa to transfer over $1 billion of risk, through the UK-funded African Risk Capacity.

    On a visit at the end of last year, I saw first-hand the difference that payouts from the African Risk Capacity are making to people in Zambia and Malawi, as they respond to a devastating recent drought.

    I was proud to tell them that this was made possible by UK government subsidies for insurance premiums – for countries that otherwise wouldn’t have been able to afford them.

    Now, I want us all to engage with the ground-breaking report published by a high-level industry panel, that I helped to launch last week – on how we can strengthen the provision of insurance and other contingent finance, and scale up the use of pre-arranged finance.

    Improving modelling, and the way we price risk.

    Championing innovative parametric insurance.

    De-risking investments upfront.

    This work is so important for giving investors confidence, expanding markets in development economies, improving returns, and strengthening the UK’s role as a leading global financial hub.

    Cultivating a virtuous cycle of global resilience and growth is in all our best interests.

    Your expertise, innovation, and investment are critical.

    So, my pledge to you is that I will make it a priority to build stronger partnerships between the Foreign, Commonwealth, and Development Office and the City.

    So we face up to unprecedented challenges.

    Embrace new opportunities.

    And reinvigorate hope for our shared future – and for sustained and sustainable economic growth here and overseas – by working towards it together, in the months and years ahead.

    Thank you.

    Updates to this page

    Published 3 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Transfer of homes from National Trust of Scotland to Perth and Kinross Council complete

    Source: Scotland – City of Perth

    Former NTS tenants will now become tenants of the Council and will enjoy a range of associated benefits as a result, including reduced rent levels and a 24-hour emergency repairs service.

    Council Leader, Councillor Grant Laing, visited Dunkeld today and met some of the tenants to mark the handover of their tenancy.

    The National Trust for Scotland, which cares for and shares Scotland’s heritage, has been responsible for the management of the residential homes, an office and two commercial units in Dunkeld since the 1950s.

    The charity stepped in to save the 17th and 18th century buildings, which were at risk of demolition, taking ownership, restoring the buildings and then letting them to tenants, preserving the unique historic character of Dunkeld town centre which is widely regarded as one of the most attractive in Scotland.

    The charity and Perth and Kinross Council have been working to transfer the homes into the ownership of the Council’s Housing Revenue Account since October 2024.

    Councillor Laing said: “I am delighted that the Council has taken ownership of these homes in a historic part of Dunkeld, securing their future and providing the local community with social housing for affordable rent. We have worked very hard with the National Trust for Scotland to make the transfer as seamless as possible for tenants. I would like to thank the National Trust for Scotland and the tenants for working positively and constructively with us over the last few months.

    “As a large social landlord we will be able to offer tenants lower levels of rent and access to the wide range of Council services enjoyed by all our other tenants, including 24-hour emergency repairs and a programme of investment that will see regular improvements made to the homes.

    “These properties will be a fantastic addition to the stock social housing for the people of Dunkeld, now and into the future.”

    Housing and Social Wellbeing Convener, Councillor Tom McEwan, also attended today. He added: “The tenants here will enjoy a secure tenancy that they can enjoy for as long as they want to, with regular investment to improve their homes to the highest standard possible.

    “I am very happy that we can now offer our services to our new tenants. We have also put arrangements in place that will see people with a connection to Dunkeld given priority consideration should a vacant tenancy arise in one of the properties.” 

    Stuart Maxwell, Regional Director for Edinburgh & East said: “The National Trust for Scotland has been proud to play a part in protecting Dunkeld for many decades and we are confident that these new arrangements will ensure the continued protection of this beautiful town and provide benefits to its tenants. Our conservation charity will continue to take an active role in ensuring that Dunkeld retains the nature, beauty and heritage that makes it so special.”

    MIL OSI United Kingdom –

  • MIL-OSI: Bitfarms Provides January 2025 Production and Operations Update

    Source: GlobeNewswire (MIL-OSI)

    – Operational hashrate of 15.2 EH/s –
    – Energized two North American sites, Sharon PA & Baie-Comeau QC –
    – Binding LOI with HIVE for sale of 200 MW Yguazu site; Expected Q1 2025 close –
    – Acquisition of Stronghold Digital Mining on track for Q1 2025 close –
    – Signed agreements with ASG and WWT to develop HPC/AI business –

    This news release constitutes a “designated news release” for the purposes of the Company’s second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023.

    TORONTO, Feb. 03, 2025 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ/TSX: BITF), a global Bitcoin and vertically integrated data center company, today issued its latest monthly production report. All financial references are in U.S. dollars.

    CEO Ben Gagnon stated, “2025 is off to a great start. We are on track this quarter to close both our acquisition of Stronghold Digital Mining, Inc. (“Stronghold”) and the strategic sale of our 200 MW Yguazu, Paraguay data center to HIVE Digital Technologies, Ltd. These transactions transform our energy pipeline by immediately rebalancing our portfolio to North America with great assets for both HPC and Bitcoin mining. The accretive sale of Yguazu provides meaningful capital and cost savings associated with the redeployment of miners in the US that will be applied towards our American gigawatt growth pipeline.

    “To accelerate our HPC strategy, we recently engaged two expert consultants to launch a formal evaluation of our data centers and the development of our HPC/AI business. These strategic partners are already evaluating Bitfarms energy portfolio for potential partial or total conversion to HPC/AI sites, as well as developing an accelerated sales strategy to market the sites to potential customers. The long-term contracts associated with HPC/AI customers would better monetize many of our North American energy assets with long-term, steady cash flows and earnings streams, creating a powerful and resilient portfolio that will generate shareholder value for years to come.

    “Operationally we grew our hashrate by 19% in January to 15.2 EH/s with the energization of two additional sites and further miner deployments at the Stronghold sites. Miner deliveries are ongoing in February with installations scheduled through Q2. When all miners are successfully deployed, we will have 21 EH/s installed across 15 sites in 4 countries. However, due to the underperformance of some of our T21 miners, we are derating our guidance by 14% to 18 EH/s in H1 2025. We are focused on resolving the T21 underperformance to drive better performance across all our sites. Our energy efficiency target of 19 w/TH remains unchanged. Additionally, in order to accommodate potential HPC integration into our Sharon location, the construction timeline is being pushed back from 2025 to 2026 reducing our 2025 YE energized capacity by 80 MW. When combined with the Yguazu sale, our 2025 YE energized capacity is 675 MW,” Ben concluded.

    SVP of Global Mining Operations Alex Brammer added, “The 19% increase in monthly hashrate to 15.2 EH/s was achieved by optimizing performance across seven of our data centers and continued miner deployments in the PJM region. For the month overall, our average operational hashrate only increased 1% to 11.2 EH/s, largely due to frequent winter curtailment and increases in hashrate energized later in the month. We expect to continue driving further increases in hashrate and performance through ongoing miner deployments and continued data center optimization initiatives, while taking advantage of improving weather conditions as we move into the shoulder months.

    “With the energization of our Sharon site in PJM, we are now officially in the registration process for participation in Economic Demand Response and other grid support programs offered in this deregulated market. Participation in these programs is the first step in a broader energy arbitrage strategy that we will be developing in the coming months across our PJM portfolio. This strategy will be critical to maximizing the value of our PJM assets and will be greatly facilitated by the deployment of a powerful miner and energy strategy management platform, LōD (formerly known as Lincoin).  The LōD platform is now deployed at every data center across our global fleet, and it is already driving significant improvements in operational efficiency.”

    January 2025 Select Operating Highlights

    Key Performance Indicators January 2025 December 2024 January 2024
    Total BTC earned 201 211 357
    Month End Operating EH/s 15.2 12.8 6.5
    BTC/Avg. EH/s 18 19 60
    Average Operating EH/s 11.2 11.1 5.9
    Operating Capacity (MW) 386 324 240
    Hydropower (MW) 256 256 186
    Watts/Terahash Efficiency (w/TH) 20 21 35
    BTC Sold 42 147 357
    • 15.2 EH/s operational at January 31, 2025, up 19% M/M and up 134% Y/Y.
    • 11.2 EH/s average operational, up 90% Y/Y and up 1% M/M.
    • 18 BTC/average EH/s, 5% lower M/M and 70% lower Y/Y
    • 201 BTC earned, 5% lower M/M and 44% lower Y/Y.
    • 6.5 BTC earned daily on average, equal to ~$682,500 per day based on a BTC price of $105,000 at January 31, 2025.
    • Adopted new LōD miner management software driving better performance, enabling energy trading & demand response and incorporates AI management tools.

    Bitfarms’ BTC Monthly Production

    Month BTC Earned 2025 BTC Earned 2024
    January 201 357


    January 2025 Financial Update

    • Sold 42 of the 201 BTC earned as part of the Company’s regular treasury management practice for total proceeds of $4.1 million.
    • Added 218 BTC, bringing Treasury to 1,152 BTC, up from 934 BTC last month and representing $121.0 million based on the Bitcoin price of $105,000 at January 31, 2025. This includes the repurchase of 88 BTC from Bitmain for $8.3 million, or $94,500 per BTC, in accordance with the miner upgrade agreement announced on November 12, 2024 and the transfer of 30 BTC to a third party as collateral for active derivatives contracts.

    Upcoming Conferences and Events

    • Feb 12, 2025: AGP/ Alliance Global Partners Virtual Tech Conference
    • March 17-18, 2025: 37th Annual ROTH Conference (Dana Point, CA)

    About Bitfarms Ltd.

    Founded in 2017, Bitfarms is a global vertically integrated Bitcoin data center company that contributes its computational power to one or more mining pools from which it receives payment in Bitcoin. Bitfarms develops, owns, and operates vertically integrated mining facilities with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers.

    Bitfarms currently has 13 operating Bitcoin data centers, as well as hosting agreements with two data centers, in four countries: Canada, the United States, Paraguay, and Argentina. Powered predominantly by environmentally friendly hydro-electric and long-term power contracts, Bitfarms is committed to using sustainable and often underutilized energy infrastructure.

    To learn more about Bitfarms’ events, developments, and online communities:

    www.bitfarms.com
    https://www.facebook.com/bitfarms/
    https://twitter.com/Bitfarms_io
    https://www.instagram.com/bitfarms/
    https://www.linkedin.com/company/bitfarms/

    Glossary of Terms

    • Y/Y or M/M= year over year or month over month
    • BTC or BTC/day = Bitcoin or Bitcoin per day
    • EH or EH/s = Exahash or exahash per second
    • MW or MWh = Megawatts or megawatt hour
    • GW or GWh= Gigawatts or gigawatt hour
    • w/TH = Watts/Terahash efficiency (includes cost of powering supplementary equipment)
    • Synthetic HODL™ = the use of instruments that create BTC equivalent exposure
    • HPC/AI = High Performance Computing / Artificial Intelligence
    • Energized capacity= Power available
    • Operational capacity= Power and infrastructure being used for current operations
    • PJM= Pennsylvania- New Jersey- Maryland Interconnection LLC

    Forward-Looking Statements

    This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. The statements and information in this release regarding projected growth, target hashrate, opportunities relating to the Company’s geographical diversification and expansion, deployment of miners as well as the timing therefor, closing of the Stronghold acquisition on a timely basis and on the terms as announced, the positive impact of the Stronghold acquisition and the ability to gain access to additional electrical power and grow hashrate of the Stronghold business, performance of the plants and equipment upgrades and the impact on operating capacity including the target hashrate and multi-year expansion capacity, the opportunities to leverage Bitfarms’ proven expertise to successfully enhance energy efficiency and hashrate, the benefits of diversification and other statements regarding future growth, plans and objectives of the Company are forward-looking information. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “prospects”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information.

    This forward-looking information is based on assumptions and estimates of management of the Company at the time they were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to: the construction and operation of the Company’s facilities may not occur as currently planned, or at all; there is no guarantee that the Company will be able to complete the acquisition of Stronghold Digital Mining, Inc. on the terms as announced, or at all; expansion may not materialize as currently anticipated, or at all; the anticipated merits of the HPC/AI strategy, the benefits and programs of the PJM deregulated market and the objectives of diversification in general may not be realized as planned; efforts to improve and optimize the performance of equipment may not be successful; the digital currency market; the ability to successfully mine digital currency; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of hydroelectricity for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of power for the Company to operate cryptocurrency mining assets; the risks of an increase in the Company’s electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates and the adverse impact on the Company’s profitability; the ability to complete current and future financings; the risk that a material weakness in internal control over financial reporting could result in a misstatement of the Company’s financial position that may lead to a material misstatement of the annual or interim consolidated financial statements if not prevented or detected on a timely basis; any regulations or laws that will prevent Bitfarms from operating its business; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; and the adoption or expansion of any regulation or law that will prevent Bitfarms from operating its business, or make it more costly to do so. For further information concerning these and other risks and uncertainties, refer to the Company’s filings on www.sedarplus.ca (which are also available on the website of the U.S. Securities and Exchange Commission at www.sec.gov), including the restated MD&A for the year-ended December 31, 2023, filed on December 9, 2024. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those expressed in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended, including factors that are currently unknown to or deemed immaterial by the Company. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on any forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law . Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the Toronto Stock Exchange, Nasdaq, or any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release.

    Additional Information about the Stronghold Acquisition and Where to Find It

    This communication relates to a proposed merger between Stronghold and Bitfarms. In connection with the proposed merger, Bitfarms has filed the registration statement with the SEC. After the registration statement is declared effective, Stronghold will mail the proxy statement/prospectus to its shareholders. This communication is not a substitute for the registration statement, the proxy statement/prospectus or any other relevant documents Bitfarms and Stronghold has filed or will file with the SEC. Investors are urged to read the proxy statement/prospectus (including all amendments and supplements thereto) and other relevant documents filed with the SEC carefully and in their entirety if and when they become available because they will contain important information about the proposed merger and related matters.

    Investors may obtain free copies of the registration statement, the proxy statement/prospectus and other relevant documents filed by Bitfarms and Stronghold with the SEC, when they become available, through the website maintained by the SEC at www sec.gov. Copies of the documents may also be obtained for free from Bitfarms by contacting Bitfarms’ Investor Relations Department at investors@bitfarms.com and from Stronghold by contacting Stronghold’s Investor Relations Department at SDIG@gateway-grp.com.

    No Offer or Solicitation

    This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy, sell or solicit any securities or any proxy, vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be deemed to be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

    Investor Relations Contact:

    Bitfarms
    Tracy Krumme
    SVP, IR & Corp. Comms.
    +1 786-671-5638
    tkrumme@bitfarms.com

    Media Contact: 

    Bitfarms
    Caroline Brady Baker 
    Director, Communications   
    cbaker@bitfarms.com 

    The MIL Network –

  • MIL-OSI: OTC Markets Group Welcomes Piraeus Financial Holdings to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Piraeus Financial Holdings (Athens Stock Exchange: TPEIR; OTCQX: BPIRY, BPIRF), a financial holdings company, has qualified to trade on the OTCQX® Best Market. Piraeus Financial Holdings upgraded to OTCQX from the Pink® market.

    Piraeus Financial Holdings begins trading today on OTCQX under the symbols “BPIRY” and “BPIRF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

    “OTC Markets is thrilled to welcome Piraeus Financial Holdings to OTCQX as one of our first Greek issuers,” said Jason Paltrowitz, OTC Markets EVP of Corporate Services. “Joining OTCQX is an important milestone both for Piraeus Financial Holdings as well as the broader Greek capital markets, enhancing U.S. investors’ global investment opportunities to participate in the company’s growth.”

    About Piraeus Financial Holdings
    Piraeus Financial Holdings S.A. is a financial holdings company, listed on the Athens Stock Exchange, and the parent company of the banking institution “Piraeus Bank S.A.”. Piraeus Bank was founded in 1916 and today represents the leading Bank in Greece in terms of customer loans and deposits. It maintains the largest distribution network in Greece and offers a vast array of financial products and services to 4.5mn customers.

    About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.

    Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

    To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

    Media Contact:
    OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

    The MIL Network –

  • MIL-OSI: OTC Markets Group Welcomes Digital Domain Holdings Limited to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Digital Domain Holdings Limited (Hong Kong Stock Exchange: 547; OTCQX: DDHLY), a global leader in visual effects and transformative experiences, has qualified to trade on the OTCQX® Best Market. Digital Domain Holdings Limited upgraded to OTCQX from the Pink® market.

    Digital Domain Holdings Limited begins trading today on OTCQX under the symbol “DDHLY.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for trading on OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

    “We are pleased with the upgrade to the OTCQX Market, as it underscores our commitment to transparency and strengthens investor confidence,” says William Wong, Executive Director and the CEO of Digital Domain. “This milestone reflects our ongoing strategy to build trust and provide sustainable, long-term value for our shareholders.”

    About Digital Domain Holdings Limited
    Digital Domain is a pioneer in creating transportive experiences. Over the last 30 years, the company has solidified its position as a leader in the visual effects industry, expanding its expertise in virtual humans and visualization on a global scale. Digital Domain boasts an impressive legacy that includes contributions to hundreds of feature films and television episodes, advertisements, game cinematics, and groundbreaking immersive experiences. Renowned for its creative innovation in cutting-edge technology, Digital Domain has delivered exceptional artistry to Academy Award-winning films such as “Titanic,” “What Dreams May Come,” and “The Curious Case of Benjamin Button.” The skilled artists at Digital Domain have collectively earned over 100 prestigious awards, including Academy Awards, Clios, BAFTA awards, and Cannes Lions.

    Digital Domain is listed on the Hong Kong Stock Exchange (Stock code: 547) and is headquartered in Hong Kong. Digital Domain maintains operations in multiple cities, including Los Angeles, Vancouver, Montreal, Beijing, Shanghai, Hyderabad, and more.

    To learn more about Digital Domain, visit www.digitaldomain.com.

    Digital Domain PR Contact:

    Kavita Smith
    Director of Marketing Communications and PR
    kavita@d2.com

    Angela Yang
    Sr. PR Manager
    angela.yang@ddhl.com

    About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.

    Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

    To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

    Media Contact:
    OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

    The MIL Network –