TAMPA, Fla., June 17, 2025 (GLOBE NEWSWIRE) — Upexi, Inc. (NASDAQ: UPXI)(the “Company” or “Upexi”), a brand owner specializing in the development, manufacturing, and distribution of consumer products with diversification into the cryptocurrency space, today announced that Brian Rudick, CFA, Chief Strategy Officer (CSO), will present on a panel at the ICR Conference Spotlight Series on Friday, June 20, 2025, at 11:00 a.m. ET.
Along with Upexi’s CSO Brian Rudick, this virtual panel will feature industry leaders including David Bailey, Founder and CEO of Nakamoto, Leah Wald, President & Chief Executive Officer at Sol Strategies, Inc., and John D’Agostini, Co-Head of Investment Banking at Clear Street. The panel will examine the strategic rationale, benefits, risks, and historical evolution of raising third-party capital in public markets to acquire large positions in cryptocurrencies and holding them on balance sheets as core assets to provide investors with direct exposure to the underlying tokens via equity ownership.
ICR Conference Spotlight Series Panel Details Panel: HODL On Tight: Examining The Rise of Public Market Crypto Balance Sheet Strategies Panel Date & Time: Friday, June 20, 2025, at 11:00 a.m. ET Webcast:https://ir.upexi.com/news-events/ir-calendar
A webcast of the presentation will be available after the event on the ‘News and Events’ section of Upexi’s Investor Relations website.
About Upexi, Inc. Upexi is a brand owner specializing in the development, manufacturing, and distribution of consumer products. The Company has entered the cryptocurrency industry and cash management of assets through a cryptocurrency portfolio. For more information on Upexi’s treasury strategy and future developments, visit www.upexi.com.
FRANKLIN, Tenn., June 17, 2025 (GLOBE NEWSWIRE) — Xsolis, an AI-driven technology company that reduces administrative waste by enabling collaboration between healthcare providers and payers, today announced initial results of its new generative AI (GenAI) solution pilot that streamlines medical necessity reviews. Beacon Health System, a not-for-profit health system in northern Indiana and Michigan, piloted the new Xsolis GenAI solution which resulted in decreased administrative burden, optimizing precious clinical resources and streamlining payer interactions.
In a three-month pilot experience, Beacon Health System found that Xsolis’ GenAI medical necessity review tool:
Decreased the average time to complete initial reviews by 68% — from 15 minutes per review to 4.7 minutes per review. This allows for increased daily reviews, faster onboarding of new nurses, and more resilient staffing models.
Increased consistency, thoroughness, and accuracy for medical necessity reviews across case management and utilization management teams — despite different geographical assignments that previously created variance affecting continuity of care. This has improved confidence among nurses and reduced internal peer reviews.
Accelerated approval from Beacon Health System’s health plan partners. By quickly generating the most essential patient information required for medical necessity reviews, a typical 4- to 5-day health plan approval has been accelerated to as quick as 2-day approvals — accelerating care decisions and reducing follow-up cycles.
Enabled the health system to get paid more quickly. Due to expedited review and approval processes, less additional work and communication is required after patient discharge, leading to faster payment without delays. This also helps reduce unnecessary denials that would have ultimately been overturned and prevents patients from erroneously receiving surprise bills, improving the patient experience.
“Health systems struggle to ‘do more with less’ each year, and rising denial rates and staffing shortages continue to present new challenges to ensure we’re optimizing all our available resources,” said Heather Wagner, MBA, BSN, RN, director of utilization review and case management, Beacon Health System. “Not only did Xsolis’ GenAI solution build off our existing time efficiencies and payer collaboration efforts, but it created additional places to use Xsolis’ GenAI models for system-wide improvements.”
A Deloitte study estimates that 15-28% of nurses’ work comprises low-value tasks, such as digging through the EHR to draft a medical necessity review, that satisfy administrative requirements but do not directly impact patient care. With the proper application of AI and other advanced technologies, however, it is possible to free up to 50% of time for revenue cycle roles and up to 20% for bedside nurses. According to the study, the mid-revenue cycle — where medical necessity decisions take place — is the most time-consuming domain within the healthcare revenue cycle and holds the most promise for tech-enabled time and financial savings.
Beacon Health System initially implemented Xsolis’ AI platform in May 2019 to better manage a high volume of critically ill patients with chronic illnesses. The partnership led to Wagner’s team supporting 140% more patients a day and operational improvements resulting in more than $95 million in savings, as of early 2025.
“We’re pleased to offer exciting new enhancements to Xsolis’ Dragonfly platform, such as generative AI, so our customers can stay one step ahead in today’s challenging healthcare landscape,” said Joan Butters, CEO and co-founder of Xsolis. “Congratulations to Beacon Health System and its leaders for highlighting how the right tools can enable more efficiency than ever before in healthcare when they are paired with the right people and processes. We’re delighted to continue enhancing the client user experience, delivering even more value to our customers.”
Xsolis has been leveraging human-in-the-loop AI practices to develop AI solutions that streamline medical necessity decision-making in healthcare for over a decade. The company’s generative AI solutions are available alongside its existing Dragonfly platform and predictive AI models, which have saved health system and health plan customers more than $1.5 billion.
For more information about Dragonfly and Xsolis’ portfolio of AI-powered solutions, please visit: https://www.xsolis.com/solutions.
To experience the Dragonfly platform and new enhancements such as Xsolis’ generative AI tools, attendees at the upcoming Healthcare Financial Management Association Annual Conference June 22-25 in Denver, Colorado, can learn more or request a demo: https://www.xsolis.com/2025-hfma-nat.
About Xsolis
Xsolis is an AI-driven technology company that reduces administrative waste by enabling collaboration between healthcare providers and payers. Dragonfly®, its AI-driven proprietary platform, is the first and only solution to use real-time predictive analytics to continuously assign an objective medical necessity score and assess the anticipated level of care for every patient, enabling more efficiency across the healthcare system. Xsolis is headquartered in Franklin, Tennessee. For more information, visit www.xsolis.com.
EAST LANSING, Mich., June 17, 2025 (GLOBE NEWSWIRE) — TechSmith Corporation, an industry leader in visual communication, released Camtasia online, a free lite web-based version of its industry-leading screen recorder and video editor, Camtasia, used by more than 34 million people globally. The streamlined experience of the popular screen recorder enables users to create, customize, share, and collaborate on high-quality videos for free with no software download, subscription, or watermark. The solution is ideal for creating step-by-step walkthroughs and tutorials, providing personalized feedback or coaching, and showcasing a product or service.
“We’re excited to launch the first free, online version of Camtasia—a foundational step in bringing the power of our award-winning solution to more people, right in their browser,” said Tony Lambert, CTO of TechSmith. “Video is a team sport now, and Camtasia online makes it easier for creators of all skill levels to collaborate and create high-quality content from anywhere. While this first release focuses on streamlined creation, it will continue to grow in capability, and users can move projects into the Camtasia desktop editor for more advanced editing when needed.”
Camtasia online features
High-quality screen recording: Capture crystal-clear five-minute scenes in 1080p HD with flexible options for application-specific or full-screen recording, ensuring every detail is sharp and professional. Camtasia online records screen, camera, and microphone on separate layers to offer maximum editing flexibility.
Endless design options: Choose from 85+ pre-defined “looks” that match your style and then customize further with thousands of different effects and backgrounds for both camera and screen. Enjoy features like background removal, borders, drop shadows, corner rounding, masks, and reflections — all of which can be applied before or after recording.
Effortless editing: Quickly trim video scenes. Every edit is completely reversible, giving users the freedom to refine content stress-free.
Seamless collaboration: Invite others to collaborate on entire projects or assign access to specific scenes.
Flexible export and sharing options: Publish a Camtasia online project via link share or export directly to Camtasia 2025’s desktop editor to take advantage of enhanced capabilities including transitions, annotations, and dynamic captions.
Camtasia online is available for free today on popular web browsers including Google Chrome and Safari. Start recording at https://camtasia.techsmith.com/.
About Camtasia Camtasia is an industry-leading screen recording, video, and audio editing solution to simplify the creation of high-quality tutorials, demos, training, and visual content. With a rich, expansive, and flexible feature set, Camtasia has the lowest barrier of entry of any recording and editing software, helping users educate, inspire, and excite their audience with professional-quality videos. Its intuitive Camtasia Rev workflow guides users through various size, layout, background, effect, and filter choices, empowering users of all skill levels to quickly create professional quality videos. Camtasia is used by more than 34 million people globally, including all Fortune 500 companies like Apple, Microsoft, Amazon and Google. In 2024, Camtasia was rated a top 5 screen and video capture solution by G2’s community of reviewers. Camtasia is offered both as a full-featured desktop application and a streamlined web-based version, which also integrates seamlessly with the main editor. For more information, visit www.techsmith.com/video-editor.html. Connect with Camtasia on LinkedIn, X, Facebook, and Instagram. For more information, visit https://www.techsmith.com/camtasia/.
About TechSmith TechSmith is the market leader in screen capture software and productivity solutions for daily in-person, remote or hybrid workplace communication and customer-facing image and video content. The company’s award-winning flagship products, Snagit, Camtasia, and Audiate empower anyone to create remarkable videos and images that share knowledge for better training, tutorials, and everyday communication. TechSmith creates easy-to-use software and provides expert training resources and unmatched support — making TechSmith the global leader for easily creating effective images and videos. To date, billions of images and videos have been created with TechSmith’s products by more than 73 million people across more than 190 countries. TechSmith is ranked as a top 10 company in G2’s Spring 2024 report and winner of a 2024 Training Magazine Network Choice Award. Connect with TechSmith on LinkedIn, X (formerly Twitter), and Facebook. For more information, visit www.techsmith.com.
RANCHO CUCAMONGA, Calif., June 17, 2025 (GLOBE NEWSWIRE) — iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a technology-driven eCommerce and supply chain platform, today announced a major strategic shift approved by its Board of Directors. The Company intends to reposition itself as a crypto treasury and blockchain infrastructure services company, with an initial and central emphasis on building a Bitcoin treasury strategy as a foundational component of its future growth.
As part of this transformation, iPower intends to start accumulating Bitcoin as a treasury reserve asset, with the aim of creating a long-term store of value and serving as a key element in enhancing iPower’s financial resilience and strategic optionality.
“Our entry into Bitcoin represents a strategic allocation decision grounded in our long-term view of digital assets as a viable treasury component,” said Lawrence Tan, CEO of iPower. “We believe Bitcoin offers strong potential as a reserve asset, and this initial focus aligns with our goals of enhancing balance sheet resilience and positioning the Company in emerging financial ecosystems.”
Alongside its treasury initiative, iPower plans to expand into blockchain-related retail services, leveraging its operational expertise and infrastructure to deliver a range of consumer-facing offerings:
Acting as a retailer of cloud mining power, enabling broader access to mining participation
Serving as a distributor and retailer of home-use mining equipment, supporting retail and SMB miners
Launching a new line of cold wallets and personal digital asset custody tools to support secure ownership
iPower plans to integrate these new services into its proprietary SuperSuite platform, which will continue to evolve to support both eCommerce and blockchain-aligned business solutions.
This strategic pivot reflects iPower’s broader goal of aligning its operations with future-facing technologies and market demand. While the Company will continue to support its existing operations during the transition, iPower’s primary focus will increasingly shift toward the digital asset economy, infrastructure enablement, and consumer access to blockchain-powered tools.
iPower expects to release additional updates regarding its treasury activities, new product offerings, and partnerships in the coming months.
About iPower Inc.
iPower Inc. is a tech and data-driven online retailer, as well as a provider of value-added ecommerce services for third-party products and brands. In addition to its plans to expand into the crypto treasury and blockchain infrastructure services company, iPower’s capabilities include a full spectrum of online channels, robust fulfillment capacity, a nationwide network of warehouses, competitive last mile delivery partners and a differentiated business intelligence platform. iPower believes that these capabilities will enable it to efficiently move a diverse catalog of SKUs from its supply chain partners to end consumers every day, providing the best value to customers in the U.S. and other countries. For more information, please visit iPower’s website at www.meetipower.com.
Forward-Looking Statements
All statements other than statements of historical fact in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about iPower’s financial condition, business strategy, development, financial needs and general market conditions. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. iPower undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as may be required by law. Although iPower believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and iPower cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results and performance in iPower’s Annual Report on Form 10-K and in its other SEC filings.
MIAMI, June 17, 2025 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS), the data security leader, today extended its industry-leading Data Security Platform to OpenAI’s ChatGPT Enterprise Compliance API. The integration helps customers automatically identify sensitive data uploads, monitor prompts and responses, and prevent breaches and compliance violations.
ChatGPT Enterprise boosts workforce productivity for more than 3 million enterprise users. The more data the application can access, the more relevant and useful its responses become.
Varonis for ChatGPT Enterprise gives customers a powerful and additional layer of defense against compromised accounts, insider threats, and misuse that could result in data breaches or regulatory penalties. By continuously right-sizing permissions and monitoring interactions, Varonis limits sensitive data flows and alerts security teams to abnormal and risky behavior.
“ChatGPT is becoming a critical part of how modern teams work. With Varonis, security teams can embrace this shift without losing visibility or control over their sensitive data,” said Varonis EVP of Engineering and Chief Technology Officer David Bass.
Varonis complements ChatGPT Enterprise by adding continuous, industry-leading data security and 24×7 monitoring, helping organizations adopt AI with greater assurance.
Key features include:
Automated data classification. Varonis discovers and classifies sensitive data uploaded to, or generated by, ChatGPT Enterprise.
Continuous session monitoring. Varonis monitors prompts and responses inside ChatGPT to ensure that sensitive or out-of-policy data isn’t uploaded or shared.
Behavior-based threat detection. Varonis automatically alerts on abnormal use, like mass file uploads to ChatGPT, and risky changes, like new admins, that could place data in harm’s way.
The foundation of AI security is data security. With Varonis for ChatGPT Enterprise, customers get both preventative and detective controls to ensure users can maximize the value from AI while minimizing the risk of a data breach.
This integration complements OpenAI’s robust native security and privacy features.
Varonis for ChatGPT Enterprise will be available to customers in private preview. Customers can request a free Varonis Data Risk Assessment to evaluate their AI readiness and try it today.
Additional Resources
About Varonis Varonis (Nasdaq: VRNS) is the leader in data security, fighting a different battle than conventional cybersecurity companies. Our cloud-native Data Security Platform continuously discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.
Thousands of organizations worldwide trust Varonis to defend their data wherever it lives — across SaaS, IaaS, and hybrid cloud environments. Customers use Varonis to automate a wide range of security outcomes, including data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), AI security, identity protection, and insider risk management.
Varonis protects data first, not last. Learn more at www.varonis.com.
Investor Relations Contact: Tim Perz Varonis Systems, Inc. 646-640-2112 investors@varonis.com
News Media Contact: Rachel Hunt Varonis Systems, Inc. 877-292-8767 (ext. 1598) pr@varonis.com
BIRMINGHAM, Ala., June 17, 2025 (GLOBE NEWSWIRE) — NBC Securities, a leading independent Southeast-based full-service broker-dealer and registered investment advisor, announced the release of its 2025 Succession Planning Guide for Financial Advisors. This comprehensive roadmap helps financial advisors navigate one of the most critical yet overlooked aspects of practice management.
With 37% of financial advisors set to retire within the next decade, over $10T in assets will change hands. Yet, 56% of advisors lack formal succession plans, putting businesses and client relationships at risk. Practices without proper succession plans risk losing significant value, client trust, and key personnel.
“Succession planning goes far beyond retirement preparation. It’s about legacy building and ensuring continuity for the clients and communities we serve,” said NBC Securities CEO John Doody. “Our role at NBC Securities is to provide the tools and opportunities to plan ahead and thrive at every stage of life, both for our advisors and the investors they serve.”
The guide outlines an eight-phased approach with actionable insights:
The succession planning guide addresses all advisors, from retirement-age to young advisors seeking to acquire established practices, or seasoned advisors looking for greater independence and expansion opportunities.
“As advisors who built this industry over the past decades are preparing to exit, many practices still lack adequate succession plans,” said Peyton Falkenburg, Executive Vice President at NBC Securities. “Without proper succession planning, advisors risk significant disruption to client relationships and the potential loss of tremendous practice value built over decades.”
About NBC Securities: NBC Securities is a privately held, full-service broker-dealer and registered investment advisor serving individuals and companies across the U.S. They provide private wealth services and asset management strategies from financial professionals averaging 25+ years of experience, plus technology-driven custodial solutions. With headquarters in Birmingham, Alabama and 28 branch offices across multiple states, NBC Securities manages or advises approximately $5 billion in assets.
For more information, visit www.nbcsecurities.com.
BOSTON, June 17, 2025 (GLOBE NEWSWIRE) — Ataccama, the data trust company, today announced the release of a new report by Business Application Research Center (BARC), The Rising Imperative for Data Observability, which examines how enterprises are building – or struggling to build – trust into modern data systems. Based on a survey of more than 220 data and analytics leaders across North America and Europe, the report finds that while 58% of organizations have implemented or optimized data observability programs – systems that monitor detect, and resolve data quality and pipeline issues in real-time – 42% still say they do not trust the outputs of their AI/ML models.
The findings reflect a critical shift. Adoption is no longer a barrier. Most organizations have tools in place to monitor pipelines and enforce data policies. But trust in AI remains elusive. While 85% of organizations trust their BI dashboards, only 58% say the same for their AI/ML model outputs. The gap is widening as models rely increasingly on unstructured data and inputs that traditional observability tools were never designed to monitor or validate.
Observability is often introduced as a reactive, fragmented, and loosely governed monitoring layer, symptomatic of deeper issues like siloed teams or unclear ownership. 51% of respondents cite skills gaps as a primary barrier to observability maturity, followed by budget constraints and lack of cross-functional alignment. But leading teams are pushing it further, embedding observability into designing, delivering, and maintaining data across domains. These programs don’t just flag anomalies – they resolve them upstream, often through automated data quality checks and remediation workflows that reduce reliance on manual triage. When observability is deeply connected to automated data quality, teams gain more than visibility: they gain confidence that the data powering their models can be trusted.
“Data observability has become a business-critical discipline, but too many organizations are stuck in pilot purgatory,” said Jay Limburn, Chief Product Officer at Ataccama. “They’ve invested in tools, but they haven’t operationalized trust. That means embedding observability into the full data lifecycle, from ingestion and pipeline execution to AI-driven consumption, so issues can surface and be resolved before they reach production. We’ve seen this firsthand with customers – a global manufacturer used data observability to catch and eliminate false sensor alerts, unnecessarily shutting down production lines. That kind of upstream resolution is where trust becomes real.”
The report also underscores how unstructured data is reshaping observability strategies. As adoption of GenAI and retrieval-augmented generation (RAG) grows, enterprises are working with inputs like PDFs, images, and long-form documents – objects that power business-critical use cases but often fall outside the scope of traditional quality and validation checks. Fewer than a third of organizations are feeding unstructured data into AI models today, and only a small fraction of those apply structured observability or automated quality checks to these inputs. These sources introduce new forms of risk, especially when teams lack automated methods to classify, monitor, and assess them in real time.
“Trustworthy data is becoming a competitive differentiator, and more organizations are using observability to build and sustain it,” said Kevin Petrie, Vice President at BARC. “We’re seeing a shift: leading enterprises aren’t just monitoring data; they’re addressing the full lifecycle of AI/ML inputs. That means automating quality checks, embedding governance controls into data pipelines, and adapting their processes to observe dynamic unstructured objects. This report shows that observability is evolving from a niche practice into a mainstream requirement for Responsible AI.”
The most mature programs are closing that gap by integrating observability directly into their data engineering and governance frameworks. In these environments, observability is not siloed; it works in concert with DataOps automation, MDM systems, and data catalogs to apply automated data quality checks at every stage, resulting in improved data reliability, faster decision-making, and reduced operational risk.
Ataccama partnered with BARC on the report to help data leaders understand how to extend observability beyond infrastructure metrics or surface-level monitoring. Through its unified data trust platform, Ataccama ONE, organizations can apply anomaly detection, lineage tracking, and automated remediation across structured and unstructured data. Observability becomes part of a broader data trust architecture that supports governance, scales with AI workloads, and reduces the operational burden on data teams.
Ataccama is the data trust company. Organizations worldwide rely on Ataccama ONE, the unified data trust platform, to ensure data is accurate, accessible, and actionable. By integrating data quality, lineage, observability, governance, and master data management into a single solution, Ataccama enables businesses to unlock value from their data for AI, analytics, and operations. Trusted by hundreds of global enterprises, Ataccama helps organizations drive innovation, reduce costs, and mitigate risk. Recognized as a Leader in the 2025 Gartner Magic Quadrant for Augmented Data Quality and the 2025 Magic Quadrant for Data and Analytics Governance, Ataccama continues to set the standard for trusted data at scale. Learn more at www.ataccama.com.
SPRINGFIELD, Mo., June 17, 2025 (GLOBE NEWSWIRE) — Compatio AI, the leader in product configuration and recommendation solutions, today announced the launch of Guide, a next-generation guided selling platform that helps businesses match complex customer needs to just the right products, configurations and complete solutions. Built on Compatio’s Deterministic AI, Guide delivers optimizable, technically sound recommendations, addressing the growing challenge of distributing sales expertise to digital channels, in industries where accuracy matters.
“In complex industries, buying a product isn’t just about making a choice, it’s about making the right choice,” said Tim Baynes, Founder and CEO of Compatio AI. “When selling complex products, an incorrect recommendation can mean lost sales, costly returns or even safety risks. Too often, AI-driven solutions feel like a black box, leaving businesses guessing. In some cases, they generate inaccurate or fabricated recommendations, creating risk for both the business and customer. Guide changes that by analyzing customer needs then combining optimized recommendations with highly accurate product compatibility or configuration logic, ensuring that every solution fits.”
Guide powers cross-selling for complex products across the entire catalog, even across divisions or brands. It allows buyers or sellers to find, compare, and assemble complete solutions in one place, regardless of their level of expertise. Unlike other guided-selling tools, it doesn’t just recommend, it ensures products work together seamlessly. The platform supports persona-based buying journeys, intuitive product comparisons and complex sizing logic, while integrating with e-commerce platforms, PIMs and ERP systems.
How Guide delivers smarter selling:
Encodes sales expertise – Functions like a highly experienced sales agent across all products and brands available
Smart recommendations with built-in configuration – No more mismatched products or incomplete solutions.
Optimizable for conversion, revenue, or profitability – Drives revenue capture and top-line growth.
Flexible, composable architecture – Easily integrates into existing digital sales environments.
Scalability across industries – From industrial components to complex consumer products, Guide helps businesses navigate large, technical product catalogs.
Breaks down silos of product-centric expertise – Powering revenue acceleration across the entire enterprise with accurate and relevant cross-selling
Guide is being piloted with select customers and will be widely available soon. Compatio Ai is working with industry-leading manufacturers and distributors to showcase its ability to improve sales performance and enhance customer confidence.
Baynes added, “As industries face growing complexity and a shrinking pool of experienced product experts, there’s a need for technology that doesn’t just recommend products but ensures they’re the right fit. Guide blends deterministic AI with an intuitive user experience, helping businesses scale expertise and improve sales across all digital channels.”
About Compatio AI Compatio AI specializes in guided selling, product configuration and recommendation solutions, combining technology with human expertise to help businesses accelerate revenue capture. Powered by the Product eXpert Engine, Compatio’s solutions provide Real Intelligence™ to drive highly relevant and technically accurate product recommendations and configuration. Compatio is trusted by leading distributors and manufacturers to simplify the sales of complex products, and retain critical organizational knowledge.
Northstrive Biosciences and Yuva Biosciences previously announced a collaboration leveraging MitoNova™, YuvaBio’s proprietary mitochondrial science-focused artificial intelligence platform, to discover and develop novel pharmaceutical treatments for obesity, type 2 diabetes and other cardiometabolic conditions.
Phase II of this collaboration involves compiling a selection of small molecule candidates that promote mitochondrial health in obesity and cardiac diseases.
NEWPORT BEACH, Calif., June 17, 2025 (GLOBE NEWSWIRE) — Northstrive Biosciences Inc. (“Northstrive”), a subsidiary of PMGC Holdings Inc. (NASDAQ: ELAB) (the “Company,” “PMGC,” “we,” or “our”), today announced the initiation of Phase II of the AI Development Program with strategic partner Yuva Biosciences, Inc. (“YuvaBio”). As part of the Phase II objective, both companies will collaborate to leverage MitoNova™, YuvaBio’s AI mitochondrial science-focused artificial intelligence platform, to compile a selection of small molecule candidates that promote mitochondrial health in obesity and cardiac diseases.
YuvaBio will use MitoNova™ to virtually screen a large-scale library of diverse, drug-like small molecules and predict which candidates are most likely to promote mitochondrial health. YuvaBio will then analyze results of this screen, including chemical and bioactivity properties, to highlight opportunities for biological validation. Then, YuvaBio will compile an initial list of synthetic compounds for muscle preservation and metabolic health.
About Northstrive Biosciences Inc.
Northstrive Biosciences Inc., a PMGC Holdings Inc. company, is a biopharmaceutical company focusing on the development and acquisition of cutting-edge aesthetic medicines. Northstrive Biosciences’ lead asset, EL-22, leverages an engineered probiotic approach to address obesity’s pressing issue of preserving muscle while on weight loss treatments, including GLP-1 receptor agonists. For more information, please visit www.northstrivebio.com.
About PMGC Holdings Inc.
PMGC Holdings Inc. is a diversified holding company that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries. Currently, our portfolio consists of three wholly owned subsidiaries: Northstrive Biosciences Inc., PMGC Research Inc., and PMGC Capital LLC. We are committed to exploring opportunities in multiple sectors to maximize growth and value. For more information, please visit https://www.pmgcholdings.com.
Forward-Looking Statements
Statements contained in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Words such as “believes,” “expects,” “plans,” “potential,” “would” and “future” or similar expressions such as “look forward” are intended to identify forward-looking statements. Forward-looking statements are made as of the date of this press release and are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, activities of regulators and future regulations and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Therefore, you should not rely on any of these forward-looking statements. These and other risks are described more fully in PMGC Holdings’ filings with the United States Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 28, 2025, and its other documents subsequently filed with or furnished to the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. All forward-looking statements contained in this press release speak only as of the date on which they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.
NEW YORK, NY, June 17, 2025 (GLOBE NEWSWIRE) — Ilustrato Pictures International Inc. (OTC: ILUS) (“ILUS” or the “Company”), a mergers and acquisitions company focused on acquiring and scaling businesses in the public safety and industrial sectors, announces that it has decided to postpone the upcoming Shareholder Meeting, originally scheduled for Friday, June 20, 2025.
In response to feedback from our shareholder community regarding timing and attendance logistics of the meeting, ILUS believes it is in the best interest of all stakeholders to postpone the meeting for later this year. We are targeting a new date in November and will provide ample notice to allow shareholders sufficient time to make travel arrangements and to attend in person.
In the meantime, ILUS will release a podcast update in the coming week, providing an overview of current business developments and strategic progress, content originally planned for the Shareholder Meeting. The update will be delivered in segments for easier viewing at shareholders’ convenience. This will be followed by a written Q&A, with further details to be shared shortly.
We remain fully committed to transparency and providing meaningful opportunities for shareholder engagement. We appreciate your understanding and continued support as we ensure the rescheduled event is as valuable and accessible as possible.
Certain information set forth in this press release contains “forward-looking information”, including “future-oriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company’s business, projects, and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company’s projects; (vi) completion of the Company’s projects that are currently underway, in development or otherwise under consideration; (vii) renewal of the Company’s current customer, supplier and other material agreements; and (viii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. The Securities and Exchange Commission (“SEC”) has provided guidance to issuers regarding the use of social media to disclose material nonpublic information. In this regard, investors and others should note that we announce material financial information via official Press Releases, in addition to SEC filings, press releases, Questions & Answers sessions, public conference calls, and webcasts also may take time from time to time. We use these channels as well as social media to communicate with the public about our company, our services, and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, considering the SEC’s guidance, we encourage investors, the media, and others interested in our company to review the information we post on the following social & media channels: Website: https://ilus-group.com X: @ILUS_INTL
SAN JUAN, Puerto Rico, June 17, 2025 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announced today that the Company has entered into securities purchase agreements with certain institutional investors for the purchase and sale of 6,448,276 shares of common stock, pursuant to a registered direct offering, expected to result in gross proceeds of approximately $46.75 million, before deducting placement agent fees and other offering expenses. The offering is expected to close on or about June 18, 2025, subject to the satisfaction of customary closing conditions.
The Company intends to use net proceeds from the offering for general corporate and working capital purposes, including but not limited to operating expenditures related to its new unmanned surface vessel division.
Northland Capital Markets is acting as the exclusive placement agent for the transaction.
The offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-283242), which was declared effective by the Securities and Exchange Commission (the “SEC”) on December 11, 2024. A final prospectus supplement and the accompanying prospectus relating to the registered direct offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Additionally, when available, electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, from Northland Securities, Inc., 150 South Fifth Street, Suite 3300, Minneapolis, MN.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Red Cat Holdings, Inc.
Red Cat (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat has developed a leading-edge Family of Systems. This includes the flagship Black Widow™, a small unmanned ISR system that was awarded the U.S. Army’s Short Range Reconnaissance (SRR) Program of Record contract. The Family of Systems also includes TRICHON™, a fixed wing VTOL for extended endurance and range, and FANG™, the industry’s first line of NDAA compliant FPV drones optimized for military operations with precision strike capabilities. Learn more at www.redcat.red.
Safe Harbor Forward-Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Such statements include, but are not limited to, statements relating to the expected timing of the offering and the satisfaction of customary closing conditions related to the offerings, and our intended use of proceeds from the offering. Forward-looking statements are based on Red Cat Holdings, Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Form 10-KT filed with the Securities and Exchange Commission on March 31, 2025. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.
The State of Qatar has called for calm, de-escalation, exercising maximum self-restraint, and carrying on with negotiations to reach a diplomatic solution to the issues pertaining to the Iranian nuclear program.
The State of Qatar added that facts have shown that there is no alternative to dialogue and diplomacy to ensure peace and stability and to spare the region and the world further catastrophes.
This came in a statement delivered by HE Ambassador and Permanent Representative of the State of Qatar to the United Nations and international organizations in Vienna Jassim bin Yacoub Al Hammadi at the emergency meeting of the International Atomic Energy Agency’s (IAEA) Board of Governors in Vienna.
His Excellency urged the Director General of the IAEA to engage with the Iranian side to facilitate technical discussions and diplomatic solutions to the nuclear issues concerning Iran.
His Excellency also reiterated the State of Qatar’s strong condemnation and deep denunciation of the Israeli attack on the territory of the Islamic Republic of Iran, calling on the international community to assume its legal and moral responsibility to urgently stop such violations.
The Ambassador and Permanent Representative of the State of Qatar to the United Nations and international organizations in Vienna stressed the State of Qatar’s rejection of the use of force outside the framework of the United Nations Charter, pointing out that Israel’s claim that its attack on Iran was a preemptive act of self-defense lacks any legal basis. His Excellency added that respecting state sovereignty and banning the use of force without UN Security Council authorization or in self-defense under Article 51 of the Charter are peremptory norms in international law and the UN Charter.
He said that the international community and the UN Security Council under its mandate, must firmly uphold these principles and prevent their violation, as doing otherwise creates chaos in international relations and leads to the law of the jungle.
His Excellency also noted that an armed attack on nuclear facilities under IAEA safeguards is a condemned act, potentially causing wide-scale harm to people and the environment, with serious implications for nuclear safety and security.
HE Ambassador and Permanent Representative of the State of Qatar to the United Nations and international organizations in Vienna Jassim bin Yacoub Al Hammadi praised IAEA Director General Rafael Grossi’s statement before the UN Security Council on June 13, in which he reaffirmed the IAEA General Conference’s resolutions stating: “Any armed attack on and threat against nuclear facilities devoted to peaceful purposes constitutes a violation of the principles of the United Nations Charter, international law and the Statute of the Agency,” and stating: “An armed attack on a nuclear installation could result in radioactive releases with grave consequences within and beyond the boundaries of the State which has been attacked.”
HE Minister of State at the Ministry of Foreign Affairs Dr. Mohammed bin Abdulaziz bin Saleh Al Khulaifi held a phone call Tuesday with HE Director General of the International Atomic Energy Agency (IAEA) Rafael Mariano Grossi.
During the call, they discussed the latest developments related to the recent Israeli attacks on nuclear facilities in the Islamic Republic of Iran, as well as means to enhance the security of nuclear installations and ensure they are not exposed to any threats that could undermine regional and international security.
HE the Minister of State at the Ministry of Foreign Affairs pointed out during the call that targeting nuclear facilities constitutes a serious threat to regional and international peace and security, stressing that the State of Qatar is making strenuous efforts with its partners to return all parties to the path of dialogue to address outstanding issues and consolidate security and peace in the region and the world.
His Excellency reiterated the State of Qatar’s strong condemnation of the Israeli attack on Iranian territory, describing it as a blatant violation of Iran’s sovereignty and security and a clear breach of the rules and principles of international law.
The Nelson Mandela Bay Municipality has demonstrated its readiness for expanded housing allocations by exceeding its annual delivery target for the 2024/25 financial year, well ahead of schedule.
The municipality reported that a total of 397 housing units has been delivered by the municipality, as of early June, surpassing its target of 386.
The municipality highlighted that this is a clear sign of sustained institutional turnaround, improved planning and implementation, and strengthened intergovernmental coordination.
Despite these gains, the municipality said it still faces a significant housing backlog of more than 100 000 units.
In response to this, earlier this year, the municipality launched a registration drive aimed at prioritising backyard dwellers in upcoming allocations, with a goal of building news 400 housing units in the next budget year.
Municipality’s Executive Mayor, Babalwa Lobishe said the municipality has called on the National Department of Human Settlements to consider increasing the metro’s housing allocations, in light of its consistent performance.
“The Nelson Mandela Bay Municipality has shown its ability to deliver on time, within budget, and wih quality—positioning itself as a reliable implementing partner in addressing the national housing backlog,” Lobishe said.
The mayor emphasised that in the midst of all the vulnerabilities and challenges remain, including people living in shacks, floodplains, and unsafe conditions, the municipality must still act with the utmost urgency to deliver coordinated and integrated human settlements.
“Section 26 of the Constitution guarantees everyone the right to access adequate housing [while] Section 152 compels municipalities to ensure the provision of services and promote sustainable communities. We are fulfilling this mandate not only with urgency, but with pride and purpose,” Lobishe said.
She added that the municipality will pursue the relevant interventions and measures to ensure it engages the Minister of Human Settlement through the appropriate channels and processes, to advocate for increased allocations.
Backed by a five-year turnaround strategy, the Human Settlements Directorate has introduced reforms in project and beneficiary management, financial controls, and intergovernmental collaboration.
Communities across the metro, including Polar Park, KwaNobuhle, Jachtvlakte, Masakhane Village, Motherwell NU30, and Red Location, are already benefiting from these initiatives.
Member of the Mayoral Committee (MMC) for Human Settlements, Thembinkosi Mafana, credited the municipality’s ability to meet and exceed targets to effective oversight, operational effectiveness, and collaboration across all levels of government.
“The excellent performance speaks for itself. We have consistently delivered on the funding allocations given to the metro, on time, budget and with quality. In certain areas, we have even exceeded our targets.
“Our housing delivery backlog is a challenge, and we need to fast-track housing delivery. Our quality controls and effectiveness will elevate our status significantly, as we continually improve our ability to deliver with agility,” Mafana said.
The MMC also acknowledged the contribution of the Standing Committee for Human Settlements, other state entities, the residents, and municipal officials.
“The administration’s Human Settlement Standing Committee has an all-hands-on deck approach. We also appreciate the dedication and turnaround efforts shown by our officials and contractors,” he said.
The Nelson Mandela Bay Municipality reiterated its readiness to scale up housing delivery and committed to working with provincial and national government to accelerate sustainable human settlements across the metro. – SAnews.gov.za
In Europe, the fastest-warming continent, the intensification of extreme weather events and changes in precipitation patterns have led to widespread and catastrophic flooding. Last year, storms and flooding affected an estimated 413,000 people, resulting in the loss of at least 335 lives. Material damage is estimated to amount to at least €18 billion, according to the 2024 European State of the Climate report from the Copernicus Climate Change Service and the World Meteorological Organization.
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The flooding in October that hit southeastern Spain and the Valencia province in particular took the heaviest toll. Intense and prolonged rainfall and river flooding led to 232 fatalities, and infrastructure damage and economic losses totalled around €16.5 billion. More than seven months later, the local economy has rebounded, thanks in part to public aid packages worth 0.5% of the country’s GDP. However, in early May, the same part of Spain found itself exposed again to the disruptive consequences of climate change when extreme weather hit.
The costs of flooding
The direct costs from the damage to public infrastructure and private assets are only part of the economic losses originating from flooding. The indirect costs might not be immediately visible, but they are certainly not less significant. Business interruptions reduce firms’ revenue and cash flows, straining liquidity and, in the worst cases, threatening their survival. In addition, the increasing likelihood of future flooding may be priced into the valuation of assets and real estate in areas exposed to these types of climate risks. Firms impacted by climate-related hazards might find it difficult to pay back loans or bonds, or to raise finance as physical assets that can be pledged as collateral for bank credit lose value. Ultimately, this can affect the stability of the financial system.
For these reasons, climate change is not just a long-term environmental issue, but a threat to our economy and financial systems now. Economists at the European Commission’s Joint Research Centre (JRC) have been conducting research to better understand how the links between the business sector and the financial system amplify its impact.
A JRC study of flood events between 2007 and 2018 finds that flooding significantly worsened the performance of European firms. Manufacturers exposed to flooding experienced reductions in sales, number of employees and the value of their assets. These impacts occurred in the year following the flooding and tended to be persistent, with no clear signs of recovery seven years after the disaster. Some firms even went out of business. The study also finds that companies in flood-prone areas were better able to weather the shock than businesses exposed to less frequent flooding. This is consistent with the fact that adaptation and protection measures reduce the impacts of flooding.
Threats to smaller firms
Water damage is particularly disruptive for companies that are highly indebted. A second JRC study zooms in on the mechanisms whereby financing choices, and reliance on bank loans in particular, amplify the impact of climate change. This study focuses on loans extended to small and medium-sized enterprises (SMEs) in Italy, Spain and Belgium between 2008 and 2019. It was motivated by the idea that smaller firms, which are more financially fragile than larger ones, might also be more vulnerable to the localised impact of climate-related hazards, not least because of their limited capacity to geographically diversify their operations and access market-based finance. The study shows that flood episodes under analysis strained SMEs’ ability to meet their debt obligations. Flooded firms were more likely to incur delays in servicing their loans and eventually fail to repay them, even two years after the disaster.
In turn, this entails losses for the banks that finance these firms. In general, if banks anticipate the impact of flooding on business operations, they could be expected to divert lending toward safer borrowers or charge a higher interest rate on credit extended to at-risk firms. Indeed, the study finds evidence that prospective flood risk is priced into new loans. In the period under analysis, the “flood risk premium” was especially high for loans to smaller firms and for those granted by local, specialised banks, both of which tend to have geographically concentrated activities that are more exposed to disaster impacts. Loans to borrowers exposed to high flood risk were 12 percent more expensive, all things being equal.
Thus, flooding causes worse financial conditions for businesses and exposes the banking sector to losses on their loan portfolios. The numbers can be staggering: days after the October 2024 flooding, the Spanish Central Bank said that banks’ exposure in the affected areas would total €20 billion, with €13 billion in household loans and €7 billion in business loans (60% to SMEs), impacting 23,000 companies and 472,000 individuals.
With extreme weather events becoming more frequent and severe, the direct and indirect costs of climate change are projected to increase, unevenly affecting households, firms and territories across Europe. Increasing investments in adaptation, eg in flood defence, and closing the climate insurance protection gap – the uninsured portion of economic losses caused by natural hazards – are crucial to increase the resilience of our economies and financial systems and preserve the wellbeing of our societies. The complex structure of investment incentives calls for a multilayered approach, with a mix of private and public funding and risk-sharing mechanisms.
Serena Fatica ne travaille pas, ne conseille pas, ne possède pas de parts, ne reçoit pas de fonds d’une organisation qui pourrait tirer profit de cet article, et n’a déclaré aucune autre affiliation que son organisme de recherche.
In the early hours of June 13, Israel launched its largest-ever attack on Iran. Airstrikes involving more than 200 aircraft targeted nuclear and missile facilities, as well as key figures in the Iranian military and nuclear programme leadership. The attack, codenamed “Operation Rising Lion”, appears to have been supported on the ground by Israeli agents operating drones positioned deep within Iranian territory.
In one sense, this attack has been a long time coming. Over the past 15 years, Israel has repeatedly threatened to attack Iran, arguing that Tehran harbours nuclear weapons aspirations that pose an existential threat to the Israeli state. Israel’s prime minister, Benjamin Netanyahu, said as much in a televised address announcing the same-day military operation in which he placed the nuclear issue front and centre: “We struck at the heart of Iran’s nuclear weaponisation program.” But why has Israel chosen to act now?
Clearly, we are looking at a dynamic situation from the outside in, but there are some important points worth considering. First, events over the past 12 months or so have undermined Iran’s ability to deter adversaries, which has left the regime exposed. Israel’s response to an Iranian missile attack in October, for example, seriously degraded Iran’s air defences as well as missile production capabilities. This created weaknesses that Israel has since exploited in its renewed military campaign.
Looking more broadly, the fallout from the October 7 attack by Hamas on Israel has decimated the proxies that Iran spent decades cultivating in the Middle East. The brutal war in Gaza has decimated Hamas, while to the north, Hezbollah is severely degraded after its own 14-month war with Israel.
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Add to this the fall of the Assad regime in Syria, and it is clear that Iran’s so called “axis of resistance”, a key pillar of the country’s deterrence posture, is now a dramatically reduced force. Israel has been emboldened by these events. It now clearly sees a unique opportunity to further degrade a major adversary – and potentially bring about regime change.
What’s more, Iran’s nuclear programme has continued to advance since Donald Trump withdrew the US in 2018 from the joint comprehensive plan of action (JCPOA). This was the 2015 deal negotiated during Barack Obama’s presidency that rolled back the country’s nuclear capabilities in return for a relaxation of harsh sanctions against Iran.
In March, the Washington-based – but non-partisan – Institute for Science and International Security reported that Iran could convert its current stock of 60% enriched uranium into enough weapons-grade uranium for seven nuclear weapons at the Fordow fuel enrichment plant. This could be done in as little as three weeks.
At the same time, the US director of national intelligence, Tulsi Gabbard, told the Senate intelligence committee on March 27 that the intelligence community “continues to assess that Iran is not building a nuclear weapon”.
So this raises the question of whether the Israeli government had intelligence that the Iranians were moving forward with weaponisation. It is possible that Iran was preparing to make a dash for the bomb, crossing an Israeli red line and triggering action – although there is currently no evidence to support this theory. What is clear, however, is that Iran’s brinkmanship around its effort to hedge its bets on a nuclear option meant it was always operating in a dangerous space.
Was the Israeli attack inevitable?
At first sight, the answer to this seems obvious. For years now, Israel has been very clear that it will not accept a nuclear armed Iran. Yet Tehran has insisted on a nuclear programme that appears to go well beyond what is required for civil nuclear purposes. On June 12, the International Atomic Energy Agency declared that Iran was not complying with its nuclear safeguards obligations.
By most estimates, Iran is not far from the bomb and Israel has finally taken action – ostensibly on this basis.
Had Iran curbed its nuclear advancement and continued to comply with its IAEA obligations, Israel would have found it more challenging to justify any military action politically. In the same vein, if Iran had made quicker and greater progress in its nuclear talks with the Trump administration on reaching some form of new deal, this would also have made it more difficult for Israel to act.
The combination of the IAEA declaration and the lack of acceptable progress in talks with the US clearly influenced Israeli decision making. So why did the Iranian regime not take more concrete steps in this direction?
Iran’s nuclear ‘hedging’
The answer goes to the heart of Iran’s deterrence posture. Alongside its conventional forces and its infamous axis of resistance, Iran has sought to leverage its nuclear programme for influence.
Nearly ten years ago, we argued that Iran was engaged in a strategy of “nuclear hedging”. The value of this approach lies in the potential for a state to position itself relatively close to the bomb without incurring all the negative – including potentially military – consequences of a fully-fledged nuclear weapons programme, where the goal is to cross the threshold as quickly as possible.
Yet hedging is a delicate balancing act that requires plausible deniability of weapons intent. A step too far can undermine any idea that the nuclear development is for civilian use, instead inviting military intervention.
Conversely, too few steps towards a credible breakout capability and hedging has little value. For any coercive or deterrent benefit to be obtained, a state must be perceived by others as relatively close to having the bomb.
With the deterioration of Iran’s regional power over the past year, the value to Tehran of its nuclear programme has become much greater. This may help to explain why Iran did not take firm steps to reduce external concerns about its nuclear intentions.
Tehran is likely to have factored the cost of being seen to give in to external pressure on its nuclear programme. At home there is the risk that the regime’s hold on power could be weakened by capitulation to external pressure from the US, and Israel in particular. Regionally, the power costs would include losing valuable influence over other states across the Middle East.
At the same time, the US government has changed its stance since the JCPOA deal was struck during Obama’s presidency in 2015, allowing Iran some small degree of enrichment capacity. The first Trump administration pulled the US out of the JCPOA in 2018 depicting it as a flawed agreement.
In Donald Trump’s second term, his administration has continued to take a hard line, pushing for Iran to give up enrichment. From an Iranian perspective, the benefits of rolling back its capabilities failed to materialise.
This is a rapidly evolving situation. But even at this early stage, this case demonstrates clearly the risks associated with Iran’s strategy of nuclear hedging.
The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.
Israel’s initial attack on Iranian nuclear and military facilities, alongside its assassination of top military officials and nuclear scientists, on June 13 has been followed by days of escalating strikes. Iran threatened “severe punishment” and quickly launched what were, in relative terms, smaller-scale missile attacks against Israeli territory.
Israel’s military then expanded its assault on Iran, with the Israeli defence minister, Israel Katz, saying “Tehran will burn” if Iran’s supreme leader, Ayatollah Ali Khamenei, “continues to fire missiles at the Israeli home front”. Israel hit dozens of targets in the Iranian capital, Tehran, on June 15, and has since issued evacuation orders for significant areas of the city.
The exchange of attacks has put the varying military and defensive capabilities of Israel and Iran on stark display. In particular, it appears that Israel has been able to exercise a high degree of air superiority over Iran.
Israel was able to use more than 200 manned aircraft in its initial attack, with its air force reportedly suffering zero casualties. Within 48 hours of starting the conflict, Israel said it had gained control of the skies above Tehran.
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This superiority has largely been gained through concerted efforts over the past year to destroy or degrade Iran’s air defence systems. In October 2024, for example, Israeli strikes targeted air defences protecting Iranian oil and gas facilities as well as those defending sites linked to Tehran’s nuclear programme and ballistic missile production.
With a weakened air defence system, the Iranian military has been less able to prevent missile attacks and Israeli aircraft from entering its air space. This has given the Israeli military greater freedom of action in terms of the targets it chooses to attack – and greater freedom of choice when planning operations.
Israeli aircraft have been dropping bombs from within Iran, instead of relying on long-range missiles. Iran, on the other hand, has been restricted to using its arsenal of missiles to strike Israel from distance.
Israel’s prime minister, Benjamin Netanyahu, made reference to the strategic importance of this aerial superiority on June 16. While confirming evacuation orders for the Iranian capital, he said: “The Israeli air force controls the skies over Tehran. This changes the entire campaign.”
Netanyahu later did not rule out killing Khamenei, saying it would “end the conflict”. Katz repeated the threat the following day, warning Khamenei of a “fate similar to Saddam Hussein”.
Iran has been far less effective than Israel in its response – which is no great surprise. Israel says it has destroyed “one-third” of the surface-to-surface missile launchers possessed by Iran. And the majority of the missiles and drones that have been fired by Iran into Israeli territory have been intercepted before striking their targets.
But the strength of Israel’s so-called iron dome air defence system has, somewhat counter-intuitively, also offered Iran some advantages. In order to maintain the Iranian regime’s own internal security and stability, as well as its wider political aims of being a regional power, Tehran had to respond with a certain level of force.
However, Iran is also fully aware of the protection the iron dome provides to the Israeli population. The Iranian government will still be able to point to the few missiles and drones that have reached their target, and the destruction they have caused, as evidence that it is able to project its power beyond its own borders and respond in the face of aggressive Israeli action.
It is able to do so in the knowledge that the level of destruction and deaths of Israeli civilians, which so far stands at around 24 people, will be limited to such a degree that any further escalation by Israel will be seen as unjustified by the wider international community.
However, as the destruction and death toll rises, it will become harder for either government to follow this path of logic. Iran has already criticised the Israeli military’s claim that it has conducted strikes in a precise manner and only against military targets, reporting that over 200 civilians have been killed in the strikes.
It is here where mistakes and missteps could see events spiral out of control. This may lead to a wider and larger-scale conflict that neither side wants but is unable to prevent occurring. Iran, for its part, is reportedly signalling that it is seeking an end to hostilities and the resumption of talks over its nuclear programme.
Wider consequences
If the conflict does escalate, Israel will probably target Iranian military production facilities. The Israeli military has already issued a warning on social media, telling the Iranian people to stay away from all weapons manufacturing facilities.
Other targets may include nuclear installations – though at least one, the heavily fortified Fordow nuclear site in central Iran, will not be targeted. Fordow is hidden in a mountain, with centrifuges located possibly as deep as 80 metres underground.
Only the US military has the hardware capable of reaching this facility, so attacking the site would require US intervention. This is something the current Washington administration has proved reluctant to do, so far.
But any escalation could have ramifications beyond the Middle East. Iran has supplied Shahed-type drones to Russia for use in its war in Ukraine, with them becoming a key part of Russia’s military strategy. However, Russia is now largely producing its own supplies of Shahed drones internally.
A much more likely effect is the prolonging of the war in Ukraine as international attention shifts to de-escalating tensions between Israel and Iran. The international community has focused on trying to prevent further attacks, with the US president, Donald Trump, advocating for talks rather than more strikes.
On June 15, Trump wrote on his social media platform, Truth Social: “Iran and Israel should make a deal, and will make a deal, just like I got India and Pakistan to make.” Whether Israel and Iran take heed of his request will become clear over the coming days and weeks.
Matthew Powell 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.
Keeping a healthy mix of friendly microbes in the gut – known as eubiosis – is crucial for good health. When that delicate balance is thrown off – often by antibiotics, diet or illness – the result can be a range of issues, from digestive problems to more serious conditions like Crohn’s disease, ulcerative colitis, and even neurological and metabolic disorders.
One increasingly popular way to try to restore gut health is through faecal microbiota transplantation. This involves taking stool from a healthy person, isolating the beneficial microbes and putting them in a capsule (jokingly referred to as “crapsules” or “poo pills”). The hope is that the beneficial microbes in the pill will establish themselves in the patient’s gut, thereby improving microbial diversity and function.
Although generally viewed as safe and effective, a new international study published in the journal Cell has raised some concerns. The scientists found that when the donor’s microbes do not properly match the recipient’s gut environment – a situation they describe as a “mismatch” – the treatment can disrupt the body’s metabolic and immune systems, possibly with long-lasting consequences.
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The term “mismatch” comes from the world of organ transplants, where the recipient’s body rejects the donor organ. In this case, the problem is that microbes from the donor’s large intestine may not be suitable for other parts of the recipient’s gut, especially the small intestine, where the microbial makeup is very different.
To test this, researchers gave antibiotics to mice to disturb their natural gut microbes, then treated them with faecal transplants. They also tried transplanting microbes specifically from different parts of the small intestine. The mice were monitored for one to three months to track changes.
They found that faecal transplants often led to regional mismatches – the wrong microbes ending up in the wrong place. This altered the mix and behaviour of the gut microbes in unexpected ways, disrupting energy balance and other functions.
Biopsies from the gut and liver showed significant, lasting changes in how certain genes – particularly those linked to metabolism and immunity – were being expressed.
The study did not specify exactly what kind of health issues might result from these genetic shifts. But the researchers are urging doctors to take greater care when using faecal transplants, particularly when it comes to dose, timing and possible side-effects.
There may, however, be a better way forward. A newer method known as the “omni microbial approach” involves transferring microbes from all parts of the intestine, not just the colon. This could help recreate a more balanced and natural gut environment, avoiding the local mismatches seen in standard faecal transplants.
There is also growing interest in techniques that aim to “terraform” the gut: deliberately reshaping specific regions with carefully selected microbes to restore normal function.
This new research has certainly sparked debate around the safety of faecal transplants. But with alternative approaches already being developed, there is real hope that the benefits of gut-based treatments can still be delivered, without the risks.
Georgios Efthimiou 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.
One-third of the Earth’s land surface is already degraded. The UN estimates that more than 2.6 billion people are harmed by land degradation, with countries losing up to US$10.6 trillion (£7.8 trillion) a year because of damage to “ecosystem services”, including the benefits people get from nature such as water and food.
Unhealthy soil is a major contributor to land degradation. This can lead to loss of biodiversity, harm plants and animals, cause sand and dust storms and affect crop yields.
These consequences affect the regulation of the planet’s climate and water cycle, socioeconomic activities, food security and forced migration of people.
Emerging smart technologies such as artificial intelligence, satellite remote sensing and big data analysis offer a chance to protect our soils. These tools can help track soil health in real time. This will support farmers, landowners, government agencies and local communities in making better decisions to care for the soil.
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As a professor of geo-hydroinformatics – a field that combines geoscience, hydrology and information technology – my research focuses on using AI, algorithms and advanced modelling tools to better analyse and predict soil health.
My team and I have developed the first global map of soil salinisation (accumulation of salt in soil) under various climate scenarios using AI-powered techniques. Soil salinisation is one of the leading contributors to soil degradation and can happen naturally or because of human activities, such as using salty irrigation water or poor drainage systems.
With increasing climate uncertainty, our models help identify regions most vulnerable to salinisation. Our AI-driven analysis predicts that by the year 2100, dryland regions in South America, southern and western Australia, Mexico, the southwestern US and South Africa will be key hotspots of soil salinisation.
In another key study, we used satellite data, AI and big data tools to investigate the interaction between soil salinity and soil organic carbon – an important part of healthy soil that stores nutrients, holds water and supports plants.
Part of this analysis revealed a general negative correlation between salinity levels and soil organic carbon content. As salinity increased, we found that the soil organic carbon content tended to decrease.
Our two studies underscore the transformative potential of AI technologies and big data analytics in understanding soil degradation. With a deeper understanding, land can be better managed through more effective mitigation policies and sustainable land use planning.
Restoration at scale
Large-scale land restoration can transform degraded soils. In the Loess plateau in China, centuries of deforestation and unsustainable farming have led to significant ecological challenges. Loess soils (a type not limited to this location in China, formed essentially by the accumulation of wind-blown dust) are easily eroded because they are made up of fine and loose particles.
Degradation here has led to more frequent floods, droughts and dust storms because soil degradation is often associated with compaction. This reduces the ability of soil to absorb and hold water.
In the 1990s, this prompted the Chinese government to invest in reforestation and sustainable agriculture. This led to the landmark Loess plateau watershed rehabilitation project, with the main goal of boosting farming and incomes on 15,600km² of land in the Yellow River’s tributary area. The total project cost of US$150 million, partly funded by the World Bank, was approved in 1994.
Elsewhere, in the Tigray region of Ethiopia, the EthioTrees project was launched in 2016 to tackle land degradation through community-based reforestation, enclosures to limit grazing, and reinvestment of funds generated through climate finance mechanisms.
Tree planting and other efforts have transformed the Tigray region of Ethiopia into a more fertile landscape. Jon Duncan/Shutterstock
But the Loess plateau and Tigray projects have been complex and expensive. A lot of coordination between people across huge regions and in different sectors is required to ensure a successful, integrated approach. AI can take these successful but resource-intensive restoration efforts and help scale them up.
I’m also involved with a European Commission-funded project called AI4SoilHealth, which aims to advance the use of AI to monitor and quantify soil health across Europe. This project shows how data-driven initiatives can support more sustainable land management policies by providing timely, actionable information to governments, farmers and other stakeholders such as landowners, agribusiness companies and local communities.
By integrating satellite imagery with accurate data about soil properties in different locations, AI can help develop robust, scalable models that cross local boundaries. Knowing where best to invest money, resources and effort in scaling up soil health solutions will help protect people, businesses and ecosystems from extreme events in the future.
Don’t have time to read about climate change as much as you’d like?
The author studying specimens.Author provided, CC BY
Five centuries ago, the Incas ruled the western half of South America with the help of a unique form of writing based on coloured and knotted cords. These strings, called khipus, recorded major events, tracked economic matters, and even encoded biographies and poetry, according to the Spanish chroniclers who witnessed their use.
Most khipus have knots that indicate numbers that we can “read”, but we’ve lost the ability to interpret what those numbers mean. Recent discoveries are bringing us closer to deciphering these mysterious strings. In a remote community set high in the Peruvian Andes, my team and I have found khipus that were used by villagers to track climate change.
Last year, I was invited to study the centuries-old khipus preserved in the village of Santa Leonor de Jucul in the Peruvian Andes. The 97 khipus conserved by villagers include the largest khipu in the world, which is over 68 metres long.
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An elderly ritual specialist, Don Lenin Margarito, told me that the khipus recorded the annual ritual offerings given at different sacred places in the surrounding landscape. Miniature pink ritual bags stuffed with coca leaves and tobacco hang from the cords, representing the sacred purpose of these ancient strings. Rather than communicating through knots, the Jucul khipus record data with different kinds of tassels.
For example, a tassel made of fuzzy beige llama tails indicates that an offering was performed at the sacred lake of Paccha-cocha, high in the mountains. The fluffiness of the llama tails is like a rain cloud, Don Lenin explained, representing the fact that offerings given at Paccha-cocha are thought to bring rain.
Different kinds of tassels indicate offerings made at other ritual sites, each one of which is thought to have its own effect on the local environment. Rituals involving the spirits of the dead, for instance, are thought to halt flooding.
If you look at one of the Jucul khipus and you see that there were a lot of offerings to Paccha-cocha that year, you know that this was a time of drought since the offerings were given to increase the rain.
When speaking with community members, we learned that the khipus used to be kept in public so that they could be consulted by the elders. Andean people of the past looked at these khipus as a record of the climate, and they studied them to understand the patterns of what was going on, just as we do today.
New methods
New methods for obtaining precise radiocarbon dates for khipus have been pioneered by a team headed by khipu researcher Ivan Ghezzi.
Efforts are now underway to get accurate radiocarbon dates for the Jucul khipus, which will provide a chronology of these climate-based offerings.
If we can chart the khipus and then date them, we will have a record of climate data from this region that was created by the local Andean people themselves. In their current state, the Jucul khipus are threatened by insects, mould and rodents. The British Museum recently granted funding to clean, preserve and display the khipus so that these precious objects from the Andean past will persevere into the future.
There are only five villages in the Peruvian Andes where ancestral khipus are kept. These rare archives offer tantalising clues about how khipus encoded information.
Research in other villages with living khipu traditions has led to breakthroughs in the significance of khipu colour patterns and phonology. Many Inka khipus possess tassels which we believe may reveal the subject matter of the associated khipu. If we could unlock the significance of the tassels on the Jucul khipus, it might allow us to interpret more precisely the meaning of Inca cords.
Sabine Hyland receives funding from the British Academy, the British Museum, the National Endowment for the Humanities (USA), the John Simon Guggenheim Foundation, the Leverhulme Trust, and the National Geographic Society.
Source: United Kingdom – Executive Government & Departments
News story
Anniversary Statement: St Helena Airport
Investigation of go-arounds flown at St Helena Airport on 17 June 2023 and subsequently
This statement provides an update on the AAIB investigation into a number of go-arounds flown at St Helena Airport on 17 June 2023 and subsequently.
The AAIB has determined that these go-arounds did not constitute serious incidents, as defined, but that there are actions that may potentially improve the safety of operations by aircraft to the airport. These include possible enhancements to runway marking, weather reporting and diversion procedures.
The report is nearing completion and will be published by the AAIB.
Source: United Kingdom – Executive Government & Departments
Press release
UK turns the screw on Putin as allies unite behind Ukraine
The Prime Minister has ramped up economic pressure on Russia with a raft of new sanctions.
30 new UK sanctions hit Russian finance, military and energy targets
Prime Minister ramps up pressure at G7 Summit as Putin continues to avoid peace.
Comes after further devastating Russian attacks on Kyiv in the last few hours
The Prime Minister has ramped up economic pressure on Russia with a raft of new sanctions, as he galvanises support behind Ukraine at the G7 Summit in Canada today.
The 30 targets strike across Russia’s financial, military and energy sectors in response to Putin’s continued aggression. His repeated refusals to engage seriously in peace has redoubled the UK’s resolve to apply a stranglehold on the Russian economy.
The new sanctions crack down further on Putin’s shadow fleet, targeting 20 of his oil tankers. The UK is also tightening the net around those who enable Putin’s illicit oil trade, sanctioning Orion Star Group LLC and Valegro LLC-FZ, for their role in crewing and managing shadow fleet vessels.
Today’s action also targets Russia’s military capabilities, hitting the military agency leading the development of Russia’s underwater intelligence gathering operations (GUGI), protecting the UK from attacks on subsea infrastructure, restricting Putin’s war machine and increasing our security at home.
In addition, two UK residents Vladimir Pristoupa and Olech Tkacz operating a shadowy network of shell companies, have now been sanctioned for collectively funnelling over $120 million of electronics, many of which are on the Common High Priority goods list, to Russia.
These individuals, who live and own businesses in the UK, are responsible for supplying Russia with high tech electronics which are crucial to Putin’s war effort. The UK will not tolerate those who enable Putin to wage his illegal war, and today’s sanctions demonstrate there is nowhere to hide.
Prime Minister Keir Starmer said:
“These sanctions strike right at the heart of Putin’s war machine, choking off his ability to continue his barbaric war in Ukraine.
“We know that our sanctions are hitting hard, so while Putin shows total disregard for peace, we will not hesitate to keep tightening the screws.
“The threat posed by Russia cannot be underestimated, so I’m determined to take every step necessary to protect our national security and keep our country safe and secure.”
Foreign Secretary, David Lammy said:
“With his continued attacks and needless bloodshed, it is clear that Putin has no interest in peace.
“Today’s sanctions show we will systematically dismantle his dangerous shadow fleet, starve his war machine, and support Ukraine to defend itself.
“The UK and our allies will not sit idly by whilst Putin’s cowardly inaction continues to cost lives.”
The UK also plans to move with partners to tighten the Oil Price Cap to hurt Russia’s oil revenues, while ensuring stability of the energy market.
We are determined to hit Putin where it hurts by striking at his oil revenues – the single most important source of funding for his barbaric war.
Additional infomation
GUGI is the common name for the Main Directorate of Deep-Sea Research within Russia’s Ministry of Defence.
Derby City Council has been awarded more than £3.4m in Government funding to help prevent and relieve homelessness and rough sleeping in Derby.
The funding comes from two separate grants awarded by the Ministry of Housing, Communities and Local Government (MHCLG) for 2025/26:
£2.328m – MHCLG Homelessness Prevention Grant
£1.166m – MHCLG, Rough Sleeping Prevention and Recovery Grant
Last year, 2,292 households approached Derby Homes for homelessness assistance. Over 530 individuals were identified through outreach services as rough sleeping on at least one night during the year.
This funding enables the Council to step in earlier to prevent more households becoming homeless in the first place. This includes mediation with landlords and families to prevent evictions, help finding new homes and help with deposits to access private renting.
The funding also enables the Council to channel resources into services which prioritise access to housing for people with histories of repeat homelessness, rough sleeping and multiple disadvantages, including drug and alcohol abuse, by securing critical outreach services and pathways into supported housing that best meets their needs.
Derby City Council and its partners welcome this funding to continue delivering critical services, support and access to accommodation for households facing difficult situations.
Councillor Shiraz Khan, Cabinet Member for Housing, Strategic Planning and Regulatory Services said:
Everybody deserves a safe home, and while I am extremely proud of the level of support that is on offer in Derby, as long as there are still people finding themselves without a roof over their head, there is still more that needs to be done.
This funding allows us to continue the great work happening in the city and will help us to continue to proactively support people before they become homeless.
If you or someone you know is at immediate risk of becoming homeless or sleeping rough, call Derby Homes on 01332 888777.
If you do not have access to a phone, you can visit the Council House – Monday, Tuesday and Thursday 9am – 1pm. Wednesday and Friday 10am – 1pm.
Source: State University Higher School of Economics – State University Higher School of Economics –
The cooperation is aimed at developing joint scientific and project activities, organizing educational courses and training personnel in the interdisciplinary field. The document was signed by Vice-Rector and Head of the HSE Staff Irina Martusevich and Director of the Moscow Transport Museum Oksana Bondarenko.
The cooperation between the Moscow Transport Museum and the National Research University Higher School of Economics is especially symbolic: both institutions are united by a desire for modernization, openness to technological innovations, and a priority for digitalization. The partnership plans to develop research and educational initiatives that will combine engineering, humanitarian, and management approaches and thereby set a high bar for new forms of museum and academic work.
The Transport Museum is an example of one of the most modern types of museum institutions, where the educational mission is closely linked to the development of applied knowledge. The focus on training a new generation of specialists capable of thinking interdisciplinary and confidently working in a technical and cultural environment makes this cooperation especially relevant. Together, the university and the museum create a space in which a culture of meaningful attitude to the urban environment, its history and future is formed. The partnership will open up the opportunity for HSE students to undergo internships and practical training in one of the youngest and most dynamically developing museum spaces in the capital. Joint events are planned for research staff: seminars, conferences and round tables.
“Preserving historical heritage is one of the key tasks of both universities and museums. The cooperation between the Transport Museum and HSE is an important step towards this goal. The synergy between the museum’s skills in working with sources and artefacts and HSE’s project-oriented approach not only enriches both organizations, but also contributes to the formation of public consciousness, emphasizing the importance of the contribution of the past to our present,” says Irina Martusevich.
“For us, cooperation with the Higher School of Economics is a space of opportunities and search, where young specialists can prove themselves in real conditions, and the museum can find new, and most importantly, bold solutions for its exhibition and educational projects. We also have an ambition to become a museum-institute, which, in collaboration with the National Research University Higher School of Economics, will open a unique direction for training in-demand museum personnel. As a museum that tells about the culture of movement, it is important for us to follow the most advanced ideas and create relevant, modern projects. And it seems to us that students are the best ones to cope with this task, offering non-standard concepts that we can discuss and implement together,” said Oksana Bondarenko.
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Source: Hong Kong Government special administrative region
Hong Kong’s excellence in delivering public works projects received international recognition. The Development Bureau (DEVB) and works departments shone at the 2025 Martin Barnes Awards Ceremony in London, the United Kingdom, on June 16 (London time), winning nine awards from the 27 awards in eight categories (see Annex), including two prestigious winner awards, among 80 entries worldwide.
A prestigious honour in the industry, the Martin Barnes Awards are presented by the New Engineering Contract (NEC) Users’ Group under the Institution of Civil Engineers of the United Kingdom. The awards recognise construction projects, organisations and individuals worldwide that have demonstrated excellence in project delivery through collaborative partnership.
The two winner awards are as follows:
1. The winner award for the Climate Change Initiative category was received by the Water Supplies Department (WSD) for the implementation of Shek Wu Hui Water Reclamation Plant. In the construction and operation of Hong Kong’s first large-scale regional water reclamation plant, the WSD worked with the contractor through the NEC mechanism to develop an innovative and cost-effective fully automated reclaimed water production solution that saves energy and helps reduce carbon emissions. The facility supplies water for non-potable uses in Northern District and nearby new development areas. With the production process remaining unaffected by extreme weather, it not only conserves precious water resources but also enhances the resilience of Hong Kong’s water resources portfolio, thus further improving the stability of the city’s water resources.
2. The winner award for Distinguished Contribution category was received by Deputy Secretary for Development (Works) Mr Tony Ho, in recognition of his outstanding performance in promoting and deepening the application of the NEC in construction projects over the years, which has nurtured a collaborative culture in the industry. His proactive promotion of the adoption of advanced technologies has also enhanced the overall performance of construction projects.
In addition to the above two winner awards, the DEVB, the Civil Engineering and Development Department, the Drainage Services Department, the Electrical and Mechanical Services Department, and the Highways Department also received various awards for several notable NEC entries.
The Secretary for Development, Ms Bernadette Linn, extended her congratulations to the project teams on their impressive achievements. She said, “The DEVB and works departments have been committed to promoting collaborative partnerships in the delivery of public works projects through the adoption of the NEC form, enhancing mutual trust and co-operation among different industry stakeholders. Such collaborative partnerships help accomplish the primary goals of project management and enhance management efficiency and cost-effectiveness of projects. The awards fully demonstrate that their efforts and accomplishments have been recognised internationally.”
The NEC Users’ Group also held its 2025 Annual Conference on the same day. The Director of Electrical and Mechanical Services, Mr Poon Kwok-ying, was invited to attend the plenary session to exchange ideas with a group of international experts on how to lead the industry in applying innovative technologies and integrating the use of the NEC form to enhance the effectiveness of implementing infrastructure projects.
Since the DEVB introduced the NEC form for public works projects in Hong Kong in 2009, it has become a key driver in transforming the construction industry. The NEC embraces a collaborative partnership between clients and contractors, thereby enhancing project performance. While the conventional form of contracts focused more on specifying contractual obligations and responsibilities of both parties, the NEC introduces a comprehensive project management system into its contractual provisions, including an early warning mechanism, a compensation mechanism between contractual parties and action plans. It advocates for contractual parties to work together to resolve contractual problems in a proactive and collaborative manner under this management system, thereby achieving win-win situations. As of today, more than 760 public works contracts, with a total value of over HK$510 billion, have adopted the NEC form.
Source: Hong Kong Government special administrative region
CHP investigates cluster of influenza A infections in primary school The cluster involves 46 persons, including 41 male students aged 7 to 10, and five staff members. They developed symptoms on or after June 7. Among them, 41 persons sought medical attention and three were hospitalised. Two were subsequently discharged and one remains hospitalised. All of the patients had mild symptoms. Laboratory testing revealed that respiratory specimens of the aforesaid three hospitalised students tested positive for influenza A virus, while rapid antigen tests revealed that 32 teachers and students also tested positive for influenza A virus.
The personnel of the CHP had inspected the primary school twice and found that inter-class and inter-grade activities were organised in the schools, and that individual function rooms and classrooms were not adequately ventilated, and items shared among the students were not thoroughly disinfected. The CHP has provided advice to the school management on prevention of upper respiratory tract infection, including thorough cleaning and disinfection, opening windows where appropriate for better ventilation, refraining infected students from going to school, stopping inter-class and inter-grade activities, wearing masks by teachers and students during the outbreak and conducting temperature monitoring on entering school, etc. The school is currently under medical surveillance.
To prevent outbreaks of influenza and other respiratory infections, it is of prime importance that children with fever, regardless of the presence of respiratory symptoms, should not be allowed to attend school, and should consult a doctor promptly. In addition, children, the elderly and those with underlying illnesses are urged to get vaccinated as early as possible to prevent seasonal influenza.
Influenza vaccination has been proven to be one of the most effective ways to prevent seasonal influenza and its complications, while significantly reducing the risk of hospitalisation and death from seasonal influenza. All persons aged 6 months and above (except those with known contraindications), particularly the elderly and children who have a higher risk of becoming infected with influenza and developing complications, should be vaccinated. Although the level of influenza activity has remained low since the end of the winter influenza season, sporadic outbreaks in schools and residential institutions caused by influenza viruses are still possible, especially when there are gatherings of crowd coupled with inadequate infection control measures. The number of severe cases involving adults and cases of severe paediatric influenza-associated complications recorded in the influenza season earlier this year has significantly decreased compared with the 2018/19 influenza season. It is believed that this is the result of the general public’s willingness to receive the SIV.
The Food & Environmental Hygiene Department (FEHD) today said that staff members found guilty of a criminal offence will not only be subject to court sentencing but will also face disciplinary sanctions by the department in accordance with the established civil service disciplinary mechanism.
The FEHD made the remarks following the District Court’s sentencing of eight former Principal Hawker Control Officers for conspiracy to commit misconduct in public office.
It emphasised that it attaches great importance to staff discipline and integrity and will not condone any misconduct or illegal behaviour.
When conducting civil service recruitment exercises, civil servants must strictly comply with the relevant policies and procedures, and ensure that the recruitment process is conducted according to the principles of fairness, transparency, and merits.
The FEHD said it will seek advice from the Civil Service Bureau to determine appropriate follow-up actions following the court judgment, including whether to consider cancelling, suspending, or reducing the pension benefits of the officers concerned under Section 29 of the Pension Benefits Ordinance.
Following the incident, the FEHD has reviewed the recruitment procedures for Assistant Hawker Control Officers and introduced refinements to the modus operandi and the monitoring mechanism.
Such enhancements include adjusting the representation of relevant grades in the recruitment boards to enhance objectivity and diversity in the selection process, and arranging for supervisory staff to observe interviews on an irregular basis.
In addition, integrity training has been strengthened for enforcement and supervisory officers at all levels.
arlier today, Governor Kathy Hochul participated in an economic development roundtable with Northeastern Governors and Canadian Premiers in Boston, Massachusetts.
VIDEO: The event is available to stream on YouTube here and TV quality video is available here (h.264, mp4).
AUDIO: The Governor’s remarks are available in audio form here.
PHOTOS: The Governor’s Flickr page will post photos of the event here.
A rush transcript of the Governor’s remarks is available below:
First of all, thank you to Governor Maura Healey for inviting us here to the beautiful Massachusetts State House and convening the Northeastern Governors as well as the Eastern Canadian Premiers and Representatives. It’s an important conversation, and perhaps it should have started at the outset because we’re reminding ourselves of the shared interests, the common bond that exists between all of us.
It’s not just the tourism or the industries that the governor just spoke of — it’s our neighbors. These are relationships that have now been damaged because of rhetoric out of Washington as well as tariffs. Which, how do you spell tariff? It is nothing more than a T-A-X — tax. And Americans need to know that this is a tax on everything they buy, and it hurts our competitiveness and we stand to lose hundreds of thousands of jobs if these truly go into effect as envisioned.
So I always want to call out what this is all about as well as condemning the insults to our Canadian friends, and we want them to come back to our country, but we understand the anger that they feel. But I’m worried about families in New York State and the additional cost that they’re going to spend on everything, including energy.
Energy is now becoming a huge cost driver for our homes, and we have great relationships. Next year, we’ll power over one million homes with hydroelectric power from Quebec. That starts because you have a friendship, a relationship of trust and I’m very excited about announcing that I launched it in my very first days as Governor.
The electric grid is so important because we’re bringing Micron, we’re bringing semiconductor manufacturers, we’re bringing artificial intelligence companies that are going to be huge consumers of power. And I want to make sure that we continue being as competitive as we can.
But we have to use that, and Canada has been a friend of ours in providing this, so I don’t want any more rhetoric, tariffs or anything that’s going to set our relationship further back than it already has been. Now it’s time to start healing and having our own individual relationships between New York, our own states and the various provinces to secure our energy future regardless of what happens in Washington.
We have to operate as independent actors in this space and think of ourselves because clearly Washington is not, and I apologize. I have to get back to the great State of New York because it’s always complicated — something’s always complicated.
Northeast Traffic Services – Cape Breton (NETS) is investigating a fatal collision in Groves Point involving an impaired driver.
On June 14, at approximately 7 a.m., RCMP officers, Cape Breton Regional Police Service,fire services, and EHS, responded to a reportof a two-vehicle collision on Hwy. 105. Officerslearned that a sedan and a Harley Davidson motorcycle had collided. The sedan then fled the area.
The lone rider of the motorcycle, a 40-year-old man from Bras D’Or, suffered life-threatening injuries. He was transported by EHS to hospital where he was succumbed to his injuries the following day.
From the information gathered, officers located the sedan involved in the collision on Brady Dr., in Groves Point, and safely arrested the driver, a 42-year-old man from Sydney mines, who was exhibiting signs of impairment.
The 42-year-old man was transported to the North Sydney RCMP detachment where he provided breath samples that registered 90mg%. He was later released and will appear in Sydney Provincial Court at a later date.
An RCMP collision reconstructionist attended the scene and the investigation is ongoing.
Criminal charges are anticipated.
The highwaywas closed for several hours but has since reopened.
Our thoughts are with the victim’s loved ones at this difficult time.
Anyone with information about this incident is asked to contactNortheast Traffic Services – Cape Bretonat 902-794-5800. To remain anonymous, call Nova Scotia Crime Stoppers, toll-free, at 1-800-222-TIPS (8477), submit a secure web tip atwww.crimestoppers.ns.ca, or use the P3 Tips app.
Northeast Traffic Services – Cape Breton (NETS) is investigating a fatal collision in Groves Point involving an impaired driver.
On June 14, at approximately 7 a.m., RCMP officers, Cape Breton Regional Police Service,fire services, and EHS, responded to a reportof a two-vehicle collision on Hwy. 105. Officerslearned that a sedan and a Harley Davidson motorcycle had collided. The sedan then fled the area.
The lone rider of the motorcycle, a 40-year-old man from Bras D’Or, suffered life-threatening injuries. He was transported by EHS to hospital where he was succumbed to his injuries the following day.
From the information gathered, officers located the sedan involved in the collision on Brady Dr., in Groves Point, and safely arrested the driver, a 42-year-old man from Sydney mines, who was exhibiting signs of impairment.
The 42-year-old man was transported to the North Sydney RCMP detachment where he provided breath samples that registered 90mg%. He was later released and will appear in Sydney Provincial Court at a later date.
An RCMP collision reconstructionist attended the scene and the investigation is ongoing.
Criminal charges are anticipated.
The highwaywas closed for several hours but has since reopened.
Our thoughts are with the victim’s loved ones at this difficult time.
Anyone with information about this incident is asked to contactNortheast Traffic Services – Cape Bretonat 902-794-5800. To remain anonymous, call Nova Scotia Crime Stoppers, toll-free, at 1-800-222-TIPS (8477), submit a secure web tip atwww.crimestoppers.ns.ca, or use the P3 Tips app.