Category: KB

  • MIL-OSI USA: Speaker Johnson Joins Meet the Press

    Source: United States House of Representatives – Representative Mike Johnson (LA-04)

    WASHINGTON — This morning, Speaker Johnson joined Kristen Welker on NBC’s Meet the Press to further dispel myths about the One Big Beautiful Bill.

    “The One Big Beautiful Bill is a big first step to provide relief for the American people, to give everybody more take home pay, more money in their pocket, and to change the trajectory of the country,” Speaker Johnson said. “And again, it’s the first of a number of steps. And President Trump is committed to doing this.”

    Watch the full interview here

    On the CBO discounting economic growth:

    The CBO sometimes gets projections correct, but they’re always off every single time when they project economic growth. They always underestimate the growth that will be brought about by tax cuts and reduction in regulations. When we did this in 2017, the first two years of the Trump administration, we literally brought about the greatest economy in the history of the world, not just the US. Because we got the government off the backs of the people who create the jobs. And we’ve allowed hardworking Americans to have more money in their pocket that they could take home. We’re doing that again. Remember in this big beautiful bill, the reason we call it that is because there’s benefits for everybody. It’s geared for hardworking Americans, lower and middle income Americans. No tax on tips, no tax on overtime, no tax on interest on car loans if you buy products made in the USA.

    We’re going to give relief to seniors on social security. There’s so many benefits and features in this bill, and it’s going to allow everybody to do better. And at the same time, projecting and ensuring the largest amount of savings literally in history. There’s no government on planet Earth that’s ever saved over $1.6 trillion in a piece of legislation. This one does. And so when you reduce government spending and you allow people to keep more of their hard-earned money, the economy grows. And that’s exactly what’s going to happen here.

    On Republican efforts to strengthen Medicaid:

    There are no Medicaid cuts in the big beautiful bill. We we’re not cutting Medicaid. What we’re doing is strengthening the program. We’re reducing fraud, waste, and abuse that is rampant in Medicaid to ensure that program, which is essential for so many people, ensure that it’s available for the most vulnerable. It’s intended for young, single pregnant women and the disabled and the elderly. But what’s happening right now is you have a lot of people, for example, young men, able-bodied workers who are on Medicaid. They’re not working when they can; that drains resources from the people that need it most. And so, what we’re doing here is an important and frankly, heroic thing to preserve the program so that it doesn’t become insolvent. This is not going to hurt rural hospitals. There’s a lot of flex flexibility built into this.

    They keep saying that, you know, 7.6 million people is the figure that are supposedly going to be affected by this. But when you look at those numbers and you break them down, this is high on public opinion polling, you’re talking about 1.4 million illegal aliens that are receiving Medicaid right now. They’re not entitled to that. This is for US citizens in those vulnerable populations. There’s about 4.8 million people that they’re referring to that are able-bodied workers. If you are able to work and you’re not, and you are riding on the public wagon, you need to help pull it. And by the way, Kristen, this is no draconian requirement. All we are requiring in the legislation is 20 hours a week. You can volunteer in your community. You can be in a job training program or you can get to work.

    On Democrat lies about “millionaire” tax cuts:

    That’s a Democrat talking point. This is not giving tax cuts to millionaires. It’s the opposite. The people in the tax bracket that you’re referring to, many of them are small business owners. They are the people that provide the jobs in every community in America. They use pass through taxation. And, we don’t want to to get in the weeds, we don’t have time to get into the complications of it, but we are the party that reduces taxes for all Americans. And I’m telling you, the one big beautiful bill is geared for hardworking Americans. The biggest beneficiaries of this will be low and middle income Americans. That’s what we did in the Tax Cuts and Jobs Act. That’s what we’ll do again, by extending those tax cuts in perpetuity and making them permanent. That was a major promise of the president on the campaign trail. It’s a major promise of ours and we are going to fulfill it. The Republican Party is doing right by the American people and they’re going to feel the effects of that soon.

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    MIL OSI USA News

  • MIL-OSI USA: Data Confirms: Medicaid Beneficiaries Who Can Work but Refuse to, Spend Much of Their Time Playing Video Games & Watching TV

    Source: United States House of Representatives – Representative Mike Johnson (LA-04)

    WASHINGTON  In February, Speaker Johnson said that Medicaid coverage should not be going to “29-year-old males sitting on their couches playing video games.”

    He was correct — about Medicaid priorities and how Medicaid recipients who can work but refuse to are spending their time. 

    According to a new analysis by the American Enterprise Institute: “For Medicaid recipients who do not report working, the most common activity after sleeping is watching television and playing video games.”

    Here’s more from the report on Medicaid recipients who do not work:

    “….They spend 4.2 hours per day watching television and playing video games, or 125 hours during a 30-day month. That is more than 50 percent higher than the 80 hours they would be required to work or otherwise engage with the community during at least some months under the reconciliation bill.”

    Source: American Enterprise Institute

    These able-bodied individuals who CHOOSE not to work are receiving the same coverage as America’s most vulnerable, like single mothers, disabled individuals, and low-income seniors. 

    That’s why Republicans are protecting and strengthening Medicaid for American citizens who need and deserve it by rooting out waste, fraud, and abuse, and implementing common sense work requirements, which 78% of Americans support.

    The next time a Democrat makes false claims about “Medicaid cuts,” just remember that what they’re really saying is they want illegal aliens and able-bodied adults playing video games at home to continue stealing resources from those who need it.

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    MIL OSI USA News

  • MIL-OSI USA: Republicans Introduce Partisan Military Construction, Veterans Affairs, and Related Agencies Funding Bill that Fails Our Veterans

    Source: United States House of Representatives – Representative Debbie Wasserman Schultz (FL-23)

    When lowering costs for Americans should drive every decision we make, this bill needlessly fixates on keeping guns in the hands of those who are potentially a danger to themselves or others and restricts reproductive rights and other cruel and pointless policy restrictions.

    Funding Proposal Raises the Costs of Veterans Health Care, Hurts Military Readiness, and Worsens Quality of Life for Servicemembers and Their Families

    WASHINGTON — House Appropriations Committee Republicans released the 2026 Military Construction, Veterans Affairs, and Related Agencies Appropriations bill, which will be considered in the subcommittee tomorrow. The legislation fails to fully meet veterans’ needs and falls short of adequately funding military construction projects.

    This bill:

    • Worsens the quality of life for servicemembers and their families and hurts military readiness by funding military construction $904 million below what is needed.
    • Enacts the Project 2025 goal to privatize medical care for veterans by transferring billions to private hospitals and clinics which will only lead to higher costs, longer wait times, poor communication and coordination, and diminished quality of care.
    • Further limits women’s access to abortion, harming women veterans’ health.
    • Leaves military installations, servicemembers, and their families vulnerable to the impacts of climate change and worsening natural disasters by failing to include dedicated funding to strength military installations against these threats.
    • Does not fulfill the United States’ commitments to our allies by providing $188 million less than what is needed on NATO infrastructure.
    • Undermines the ability to keep guns out of the hands of those prohibited under Federal law from purchasing or possessing firearms.
    • Repeats the same extreme House Republican tactics attempted last year by including partisan changes to existing law, known as “riders,” that hurt Americans and create chaos. Once again, Republicans are disenfranchising veterans rather than making VA a welcoming and inclusive place for all those who volunteer to serve our country.

    “This Republican bill would push our Veterans who sacrificed so much, towards Project 2025 privatized health care schemes and critically break with past PACT Act guaranteed funding commitments in the Toxic Exposures Fund (TEF) funding levels. When lowering costs for Americans should drive every decision we make, this bill needlessly fixates on keeping guns in the hands of those who are potentially a danger to themselves or others and restricts reproductive rights and other cruel and pointless policy restrictions. I cannot tell those currently serving and those who defended our nation that this is the best we can do, and therefore, I cannot support this bill,” Military Construction, Veterans Affairs and Related Agencies Appropriations Subcommittee Ranking Member Debbie Wasserman Schultz (D-FL-25) said. “While it avoids deep, across the board cuts, it steers far too many resources into the privatized medical care account and away from vital, VA-based care and it leaves out guaranteed PACT Act funding for the TEF in FY2027, unlike past precedent. We can do far better, and Democrats are ready to do that. But this bill falls short of what our Veterans deserve.”


    “While President Trump fires veterans and dismantles the services and programs across the federal government that they depend on, House Republicans have decided to proceed—business as usual—with 2026 funding bills. They have introduced a funding bill that does nothing to remedy the chaos and pain this administration has caused thousands of veterans and instead pushes extreme, partisan Project 2025 goals of privatizing veterans health services, only raising the costs of critical care. Once again, instead of being laser focused on the cost-of-living crisis, President Trump and House Republicans are actually making it worse,”
    Appropriations Committee Ranking Member Rosa DeLauro (D-CT-03) said. “This bill falls short of honoring our commitment to veterans, servicemembers, and their families by underfunding military construction and leaving our military installations vulnerable to the impact of worsening natural disasters. Just like last year, this bill is built on a framework that harms veterans. Veterans rely on programs across the entire federal government. House Republicans’ proposal to slash critical domestic investments in other funding bills will strip away education, job opportunities, housing, and food assistance that veterans and their families depend on. House Republicans cannot claim to support veterans while making it harder for them to find jobs, feed their families, and keep roofs over their heads.”


    A summary of House Republicans’ 2026 Military Construction, Veterans Affairs, and Related Agencies Appropriations bill is here. A fact sheet of the bill is here. The full text of the bill is here. The subcommittee markup will be webcast live and linked on the House Committee on Appropriations website.

     

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    MIL OSI USA News

  • MIL-OSI Europe: EU will support raw materials projects outside the EU

    Source: European Union 2

    The Commission has given the green light to 13 projects that will help it access raw materials located outside the EU. The projects will also boost local value creation in third countries. We need raw materials to build electric vehicles, batteries, high-performance magnets and much more.

    MIL OSI Europe News

  • MIL-OSI Europe: New EU plan to ensure water security and quality for all

    Source: European Union 2

    The Commission has presented a plan to support EU countries in managing water more efficiently. By implementing current EU water laws and actions, we can ensure water security and prepare for water-related disasters, locally and globally. Everyone needs access to secure, clean and affordable water.

    MIL OSI Europe News

  • MIL-OSI USA News: ICYMI: “Most Essential Piece of Legislation” in the Western World

    Source: US Whitehouse

    MIL OSI USA News

  • MIL-OSI Europe: UN – Election of Annalena Baerbock as President of the 80th session of the United Nations General Assembly (4 Jun. 2025)

    Source: Republic of France in English
    The Republic of France has issued the following statement:

    France congratulates Annalena Baerbock, Germany’s former Minister of Foreign Affairs, on her June 2nd election as President of the 80th session of the United Nations General Assembly, which will begin on September 9.

    France will be delighted to work closely with Ms. Baerbock on all of the issues followed by the UN General Assembly and to promote an open, strengthened multilateral system. This year, as we mark the UN’s 80th anniversary, we reaffirm our commitment to the goals and principles enshrined in the UN Charter.

    MIL OSI Europe News

  • MIL-OSI Europe: UN – Election of new non-permanent Security Council members (4 Jun. 2025)

    Source: Republic of France in English
    The Republic of France has issued the following statement:

    France congratulates Bahrain, Colombia, Latvia, Liberia and the Democratic Republic of the Congo on their June 3rd election as non-permanent members of the UN Security Council.

    The Security Council’s main responsibility under the UN Charter is maintaining international peace and security. France will work closely with each of these partners, whose two-year terms will begin on January 1, 2026, so that the Council can fulfill its mandate of conflict resolution and peacekeeping.

    As we celebrate the 80th anniversary of the UN Charter this month, France reaffirms its commitment to a rules-based international system and to a Security Council that guarantees our collective security. As a Permanent Member of the Security Council, we advocate open, more effective multilateralism.

    MIL OSI Europe News

  • MIL-OSI Europe: LIFE awards go to projects working on nature, circular economy and climate action

    Source: European Union 2

    The EU’s LIFE awards 2025 have honoured 3 projects doing pioneering work in nature, circular economy and climate action. LIFE Lynx took a prize for helping to reverse the decline of lynxes, LIFEPOPWAT for depolluting contaminated water and LIFE DESERT-ADAPT for tackling desertification.

    MIL OSI Europe News

  • MIL-OSI USA: Rep. Frankel Blasts Trump-Musk Plan That Endangers U.S. Security, Trusted Media

    Source: United States House of Representatives – Congresswoman Lois Frankel (FL-21)

    Washington, DC – Today, Rep. Lois Frankel (FL-22), Ranking Member of the House Appropriations National Security, Department of State, and Related Programs Subcommittee, released the following statement after the Trump Administration submitted a plan to Congress that guts U.S. foreign assistance and eliminates funding for NPR and PBS.

    “President Trump’s move to isolate the United States from the rest of the world will cost us vital trading partners, invite conflict and terrorism worldwide, and leave us more susceptible to disease. It leaves the door wide open for China, Russia, and our other adversaries to fill the void,” said Rep. Frankel.

    “By eliminating funding for NPR and PBS, President Trump is attacking the very institutions that keep Americans informed, educated, and connected. These trusted, nonpartisan outlets provide everything from in-depth news and investigative journalism to children’s education, science, culture, and the arts. For many communities—especially in rural and underserved areas—this is more than just programming; it’s a lifeline.”

    “These funding cuts represent only a tiny fraction of our federal budget but threaten severe consequences for our country. Peace and stability are in the interest of the American taxpayer, not misinformation, culture wars, and the sidelining of people’s elected representatives.”   

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    MIL OSI USA News

  • MIL-OSI: EB5 Capital Investor Obtains First Permanent Green Card Approval in 1401 Penn (JF20) Project

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, June 04, 2025 (GLOBE NEWSWIRE) — EB5 Capital is pleased to announce the first I-829 petition approval for an investor in its 1401 Penn (JF20) project. The United States Citizenship and Immigration Services (USCIS) issues approval of the removal of conditions of residency for EB-5 investors who have completed their conditional residency period and have demonstrated that their investment has resulted in the creation of at least ten full-time jobs. I-829 approvals permit EB-5 investors to be lawful permanent residents of the United States. The approved petition was filed in April 2021 and was pending for approximately 50 months.

    “Receiving an I-829 approval represents a significant achievement in the EB-5 journey,” said Natalia Pronina, Vice President of Investor Relations at EB5 Capital. “We are pleased with this first approval notice and look forward to more investors getting approved.”

    Completed in July 2020, JF20 is a mixed-use development featuring a seven-story, 167-unit apartment community and over 20,000 square feet of ground-floor retail in Washington, D.C.’s historic Capitol Hill neighborhood. On the ground floor of the property is The Roost, a 12,500 square foot food hall operated by Neighborhood Restaurant Group featuring 12 individual food and beverage concepts. The dynamic food hall has received critical acclaim and is a premier destination on Capitol Hill.

    To date, EB5 Capital has raised investor funds across over 45 EB-5 projects throughout the United States. JF20 is EB5 Capital’s 21st project which has reached the permanent green card stage for investors going through the EB-5 immigration process. Now that the first petition has been approved, additional I-829 petition adjudications for this project are expected in the coming months.

    About EB5 Capital

    EB5 Capital provides qualified foreign investors with opportunities to invest in job-creating commercial real estate projects under the United States Immigrant Investor Program (EB-5 Visa Program). Headquartered in Washington, D.C., EB5 Capital’s distinguished track record and leadership in the industry has attracted investors from over 75 countries. As one of the oldest and most active Regional Center operators in the country, the firm has raised over $1.4 billion of foreign capital across approximately 45 EB-5 projects. 100% of our investors’ funds are protected by the Federal Deposit Insurance Corporation (FDIC) insurance prior to their deployment into our projects. Please visit www.eb5capital.com for more information.  

    Contact:
    Katherine Willis
    Director, Marketing & Communications
    media@eb5capital.com

    The MIL Network

  • MIL-OSI USA: In Appropriations Hearing, Durbin Calls Out Secretary McMahon For Eliminating Support For Students Defrauded By For-Profit Colleges

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin
    June 03, 2025
    As Secretary McMahon attempted to deflect Durbin’s questions, Durbin asserted that the Trump Administration is eliminating critical student protections
    WASHINGTON – U.S. Senate Democratic Whip Dick Durbin (D-IL), a member of the Senate Appropriations Committee, today participated in a Labor, Health and Human Services, Education, and Related Agencies Appropriations Subcommittee hearing to review the President’s Fiscal Year 2026 Budget Request for the Department of Education (ED).  During the hearing, Durbin questioned Secretary of Education Linda McMahon about how ED is supporting students defrauded by for-profit colleges.
    Durbin began by underscoring the harm done by for-profit colleges, reminding Secretary McMahon that while for-profit colleges enroll only eight percent of American college students, those students account for 30 percent of all student loan defaults. 
    “The problem is the difficulty students face [after attending a for-profit college] becomes a lifetime problem.  Imagine a first-generation college student trying to pick a place to go to school, inundated in high school with glossy brochures from for-profit colleges and universities, which promise the sun, the moon, and the stars,” Durbin said.  “The student goes and learns there are Pell grants available through for-profit colleges and universities.  They hear the promises that if they just attend this school and graduate, there’s going to be a good paying job at the end of the rainbow, and it turns out, it’s all phony.”
    “They are being deluded and deceived. There is much more scam than there is scholarship… So most of them, or at least 30 percent of them, end up with loans they can’t pay back.  They never see that job that was promised to them.  But they’ve got one last place [ED] to turn to and try to get their lives back on track,” Durbin said.  “I have heard their stories from them.”
    Durbin then asked Secretary McMahon about ED’s efforts to support students defrauded by for-profit colleges by allowing students to file borrower defense claims.
    “You have a department within the Department of Education for borrower defense.  Are you familiar with that?… Can you tell me what you understand the borrower defense law to promise?”Durbin asked Secretary McMahon.
    Rather than answer Durbin’s question, Secretary McMahon deflected by arguing that many non-profit universities and colleges also promise to help students secure a job after graduation.  Secretary McMahon did acknowledge that college affordability is a major obstacle for students, forcing them to take on significant student debt despite President Trump’s budget request asking to slash Pell grants by nearly $1,700 and gutting programs like TRIO and Gear Up that help first-generation and low-income college students enroll and complete their college degree.
    However, as Durbin said in pushing back against Secretary McMahon’s indirect answer, for-profit colleges rarely deliver respected or marketable degrees to students, giving them little chance to secure a job as they attempt to pay off their mountain of student debt.
    “The point that I’m making is there is one brand of college and university that is particularly egregious when it comes to deceiving these students.  It’s for-profit colleges and universities.  Eight percent of [American college students], 30 percent of student loan defaults… It stands out from all the rest,” Durbin said.
    “The point I’m getting to is you’re hollowing out the borrower defense agency within your own department.  This is supposed to be the rescue for these students to finally get back on track and maybe go to a good school.  Why would you hollow out the resources there and the people that are enforcing the borrower defense rule when we have these terrible numbers of exploitation of students?” Durbin asked Secretary McMahon.
    Secretary McMahon replied, “we shouldn’t just focus on those [for-profit] schools.  I totally agree with you, there are some scam universities out there.”
    “Why would you hollow out the people who are supposed to enforce it?” Durbin countered.  “Give me an idea of what you’re putting in place that’s better than the borrower defense rule.”
    As Secretary McMahon ineffectively argued that the Free Application for Federal Student Aid (FAFSA) would help students understand the threat of for-profit colleges, Durbin pushed for answers about how ED is supporting students who have already become victims of for-profit colleges.
    “I’m talking about the victims.  The ones who are already victims.  They’re in debt by tens of thousands of dollars,” Durbin said.  “They have no place to turn, and you’re telling me the FAFSA form is going to help them?  How can it help them?”
    Secretary McMahon replied, “that’s not in place yet, but I think that’s going to be very, very helpful.  Here’s the other thing.  Where are guidance counselors in high schools?”
    “Good question!” Durbin replied.  “You’re cutting the number of counselors in these schools at the same time.”
    “The counselors that are doing their jobs can provide information to these students,” Secretary McMahon said.
    “There aren’t enough of them.  That’s the point I’m making.  The situation is terrible for these students.  First generation students are being exploited by these schools.  They need your protection.  They need our protection.  They deserve it,” Durbin said.  “Unfortunately, you’re reducing the number of people to enforce the law.”
    The Trump Administration has made moves to dismantle ED, firing more than 1,300 staff and signing an Executive Order to demolish ED.  Last month, House Republicans included a provision in the reconciliation bill to roll back the Biden-era borrower defense rule that allowed for full debt relief, addressing a wider range of school misconduct, and allowing group claims rather than individual applications.  If passed by the Senate, the reconciliation bill will replace the Biden-era borrower defense rule with the rule instituted under the first Trump Administration, requiring borrowers to meet a higher bar to receive relief by showing they suffered financial harm from their college’s misconduct and that the college knowingly made deceptive or false statements.
    For 11 years, Durbin has written to high school guidance counselors, teachers, and principals, urging them to warn students of the risks associated with attending for-profit colleges.
    Video of Durbin’s questions in Committee is available here.
    Audio of Durbin’s questions in Committee is available here.
    Footage of Durbin’s question in Committee is available here for TV stations.
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    MIL OSI USA News

  • MIL-OSI USA: Durbin’s Protecting Children With Food Allergies Bill Adopted As Amendment In Senate Agriculture Committee

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin
    June 03, 2025
    The legislation, which was added as an amendment to the Whole Milk for Healthy Kids Act, would train school food service staff to prevent and respond to food-related allergic reactions
    WASHINGTON – Today, U.S. Senate Democratic Whip Dick Durbin’s (D-IL) bipartisan legislation, the Protecting Children with Food Allergies Act, was adopted unanimously as an amendment to the Whole Milk for Healthy Kids Act by the Senate Committee on Agriculture, Nutrition, and Forestry.  Durbin’s amendment would ensure school food service staff receive essential training about food allergies, so that they are better equipped to prevent, recognize, and respond to food allergic reactions, which can save lives.
    “When parents drop their kids off at school, they should have peace of mind knowing that their children are safe with personnel who are trained to look out for their children’s food allergies,”said Durbin.  “Peanuts, eggs, soy, and milk are nutritious, and may be in school lunches or brought by classmates.  But for some kids, they are allergens that can be deadly.  Today, the Senate Agriculture Committee adopted my bipartisan Protecting Children with Food Allergies Act as an amendment to a larger bill, ensuring that kids will be safe in the event of an allergic reaction.”
    Food allergies are a growing public health concern.  Over the past two decades, the number of children with food allergies in the U.S. has more than doubled.  Approximately six million children are estimated to have food allergies, about two students per classroom.  Further, 20 percent of all epinephrine shots administered in schools are given to children who have undiagnosed food allergies—which makes it even more important for school food personnel to understand how to recognize and respond to an allergic reaction.
    USDA requires annual trainings to school food personnel who work under the National School Lunch Program (NSLP) and the School Breakfast Program (SBP).  Required trainings include modules in nutrition, health, and food safety standards.  USDA also makes available trainings that address food allergies, but those are not required as part of these annual trainings.  The Protecting Children with Food Allergies Act would add “food allergies” to the existing list of trainings to ensure that school food personnel receive essential information about food allergies. 
    The Protecting Children with Food Allergies Act has endorsements from: Food Allergy Research & Education (FARE), Asthma and Allergy Foundation of America (AAFA), American Academy of Allergy Asthma & Immunology (AAAAI), American Academy of Pediatrics (AAP), American College of Allergy, Asthma, and Immunology (ACAAI), and School Nutrition Association (SNA).
    -30-

    MIL OSI USA News

  • MIL-OSI Video: Vuk Talk Episode 39 Thulani Sibuyi, Deputy-General of the Civilian Secretariat of Police Service

    Source: Republic of South Africa (video statements-2)

    Vuk Talk Season 2 Episode 39 Thulani Sibuyi, Deputy-General of the Civilian Secretariat of Police Service

    https://www.youtube.com/watch?v=Ws7aJHCQF04

    MIL OSI Video

  • MIL-OSI Asia-Pac: Govt bonds worth $27b issued

    Source: Hong Kong Information Services

    The Hong Kong Special Administrative Region Government today announced the successful pricing of approximately HK$27 billion worth of green bonds and infrastructure bonds denominated in Hong Kong dollars (HKD), renminbi, US dollars and euro under the Government Sustainable Bond Programme and the Infrastructure Bond Programme.

    The issuance of green bonds aims to attract and channel market capital to support green projects, promoting sustainable development in Hong Kong.

    Meanwhile, infrastructure bonds help accelerate the development of projects such as the Northern Metropolis, and facilitate the early completion of projects for the good of the economy and people’s livelihood.

    Following a virtual roadshow on June 2, the bonds were priced on June 3 as follows:

    • 5 billion 30-year infrastructure tranche at 3.85%;
    • RMB4 billion 20-year green tranche at 2.6%;
    • RMB4 billion 30-year infrastructure tranche at 2.7%;
    • USD1 billion five-year green tranche at 4.151%; and
    • EUR1 billion eight-year green tranche at 3.155%.

    The offering attracted participation from over 30 markets across Asia, Europe, the Middle East and the Americas, with the total order amounting around HK$237 billion equivalent, representing a subscription ratio of around 3.3 to 12.5 times.

    The Hong Kong Monetary Authority highlighted that the HKD 30-year bond, offered for the first time by the Hong Kong SAR Government, is the longest tenor HKD bond issued by the Hong Kong SAR Government so far.

    The 20-year and 30-year RMB bonds also received overwhelming support, doubling in issuance size from last year.

    Financial Secretary Paul Chan said: “Global institutional investors responded enthusiastically to the subscription, fully reflecting their confidence in Hong Kong’s sound public finance and long-term development.

    “The inaugural offering of the 30-year HKD government bonds helps to extend the HKD benchmark yield curve, further promoting the development of the local bond market.”

    The green bonds and infrastructure bonds are expected to be settled on June 10, and listed on the Hong Kong Stock Exchange as well as the London Stock Exchange.

    These bonds have been assigned credit ratings of AA+ by S&P Global Ratings and AA- by Fitch.

    MIL OSI Asia Pacific News

  • MIL-OSI USA: Warren, Senators Demand Explanation After Trump Admin Greenlights Giant Rocket-Redfin Merger, Warn of Potential Price Hikes for American Homebuyers

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren
    June 04, 2025
    Rocket has a history of anticompetitive behavior in the housing industry
    “At a time when families already face a housing affordability crisis, these deals…may reduce choice and raise prices for American families in the housing market.” 
    Text of Letter (PDF)
    Washington, D.C. — U.S. Senators Elizabeth Warren (D-Mass.), Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, Cory Booker (D-N.J.), Ranking Member of the Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights, Mazie Hirono (D-Hawaii), Bernie Sanders (I-Vt.), and Tina Smith (D-Minn.) wrote to the Department of Justice’s (DOJ) Antitrust Division and to the Federal Trade Commission (FTC) seeking an explanation for the agencies’ failure to challenge Rocket Companies’ (Rocket) recent acquisition of Redfin, which creates a massive housing company that threatens to reduce choice and raise prices for American families in the housing market. 
    This merger allows Rocket, an online mortgage lending and real estate platform, to exert even greater control over each step of the homebuying process by taking over Redfin, a popular real estate search platform, and Mr. Cooper, the nation’s largest mortgage servicing firm. On May 8, 2025, the Trump Administration allowed the merger waiting period to expire without taking action to block or review the transaction. 
    After the Rocket-Redfin merger is completed, Rocket will have the power to steer Redfin users to Rocket’s real estate agents, limiting business for local, independent agents and brokerages. Rocket could also discourage Redfin users from comparison shopping for better mortgage offers by steering homebuyers to Rocket’s mortgages. Comparison shopping has been shown to save homebuyers an average of $76,410 over a 30-year mortgage.
    In addition, Rocket’s acquisition of Mr. Cooper will create a mortgage finance behemoth. By acquiring seven million mortgage servicing clients, Rocket would have a reduced need to compete for new customers. Altogether, with these acquisitions, Rocket would triple its current client base and control one in six mortgages in the United States. Rocket’s efforts to consolidate and control the homebuying market onto a single online platform sets a dangerous precedent for consumers, the industry, and the U.S. housing market as a whole at a time when house prices and mortgage rates continue to rise.
    Rocket has a history of anticompetitive efforts to steer homebuyers to its products. The Consumer Financial Protection Bureau (CFPB) sued Rocket in 2024 for allegedly steering homebuyers into purchasing Rocket mortgages and charging higher rates and fees. The CFPB dropped the lawsuit just three weeks after President Trump installed new leadership at the agency. 
    Under the DOJ and FTC’s merger enforcement guidelines, the acquisitions raise multiple concerns, including: 
    Under Guideline 6, which warns that “mergers can violate the law when they entrench or extend a dominant position”; 
    Under Guideline 7, which directs the DOJ and FTC to “examine whether a trend toward consolidation in an industry would heighten … competition concerns”; 
    Under Guideline 8, which clarifies that “when a merger is part of a series of multiple acquisitions, the agencies may examine the whole series”; and 
    Under Guideline 9, which warns that “mergers involving platforms can threaten competition.” 
    “Rocket’s proposed acquisitions…create the potential for Rocket to steer homebuyers to its own products, hike prices based on private data, and block competition. We ask that you provide an explanation for your agencies’ failure to challenge the Rocket-Redfin merger during the premerger review period,” wrote the senators. 
    The lawmakers asked the two agencies to provide clarity on why they declined to challenge the merger by June 17, 2025. 

    MIL OSI USA News

  • MIL-OSI USA: ICYMI: At Hearing, Trump Treasury Nominee Refuses to Say Whether Trump’s “Big Beautiful Bill” Should Strip Away Health Care from American Families

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren
    June 04, 2025
    Trump Treasury Department created a $50 billion loophole for giant banks after 2017 tax bill passed, while Morrissey was deputy general counsel
    Paying for another $50 billion loophole would mean taking away Medicaid from approximately 700,000 Americans 
    Video of Exchange (YouTube)
    Washington, D.C. — At a hearing of the Senate Finance Committee, U.S. Senator Elizabeth Warren (D-Mass.) questioned Brian Morrissey, nominee for general counsel of the Department of the Treasury, about the cost of tax giveaways to major corporations for American families. 
    After the passage of the Tax Cuts and Jobs Act, lobbyists for foreign banks like Credit Suisse and Barclays lobbied to minimize the effects of new taxes on their profits, eventually securing $50 billion in additional giveaways to foreign banks and their subsidiaries. At the time, Mr. Morrissey was deputy general counsel at the Treasury Department.
    Senator Warren pressed Mr. Morrissey on what further tax giveaways, including ones in Trump’s “Big, Beautiful Bill,” would mean for American families. Mr. Morrissey repeatedly declined to answer how many people would have to lose Medicaid coverage to free up another $50 billion for giveaways to the wealthy. 
    “It’s 700,000 people to make up for a $50 billion loophole. It’s like cutting off every single Medicaid recipient in the state of Nevada just to fund another $50 billion loophole like the ones you all managed to do last time around when you gave foreign banks this special loophole,” said Senator Warren. 
    Mr. Morrissey also declined to answer whether Trump’s “Big Beautiful Bill” should take away money from working-class Americans. Independent analysts have found that the bottom 40% of households in the U.S. would see their incomes fall next year if this bill is passed, while households in the top .1% will get nearly $400,000 in tax breaks. 
    “That’s what this bill is all about: taking from struggling families to give handouts to billionaires and big corporations…I think it’s obscene,” said Senator Warren. 
    Transcript: Hearing to Consider the Nomination of Brian Morrissey, Jr., of Virginia, to be General Counsel for the Department of the TreasurySenate Finance CommitteeJune 3, 2025 
    Senator Elizabeth Warren: Thank you, Mr. Chairman. So Donald Trump ran for President on the promise to lower costs – a promise that he abandoned almost as soon as he got elected. He also promised his “rich as hell” donors that he would deliver big tax breaks. So right now, Senate Republicans are working overtime to pass billionaire tax giveaways – partly paid for by kicking 14 million people off their health care and partly paid for by using magic math to pretend that those tax giveaways don’t cost as much as they actually cost. 
    Now, we’ve seen this play before. In 2017, President Trump’s first tax giveaway to the wealthy was supposed to cost just $1.5 trillion, and that was after there were a bunch of budget gimmicks to keep the total down. But even that wasn’t a big enough giveaway. After the bill passed, the Trump Treasury Department drafted regulations to implement the new law, and corporations sent armies of lobbyists in to write even more loopholes into the tax laws. 
    Now, Mr. Morrissey, you were deputy general counsel at Treasury at this time. So you may remember: lobbyists from foreign banks like Credit Suisse and Barclays won a big new international tax loophole for loans they make to U.S. subsidiaries. Do you know how much they pocketed from that extra giveaway engineered in the Treasury Department?
    Mr. Brian Morrisey, nominee for General Counsel of the Treasury Department: Senator, I’m familiar with many of the regulations under TCJA, but not the answer to your specific question. 
    Senator Warren: Not that one? Well, then I will tell you. It was $50 billion, according to the Joint Committee on Taxation.
    Now, today, President Trump and Congressional Republicans are working to pass a new set of tax cuts for billionaires, millionaires, and giant corporations. This one, the price tag is around $4 trillion. And this time, they are planning to pay for it – in part – by slashing Medicaid and the Affordable Care Act by nearly $1 trillion and kicking 14 million Americans off their health care. It is handout time for billionaires and austerity for everyone else. 
    Mr. Morrisey, you’re nominated to be general counsel at Treasury, meaning you would help in the drafting and implementation of this bill – if it passed – maybe adding another $50 billion tax loophole here, another $50 billion tax loophole there.
    So, Mr. Morrissey, I just want to make sure that you think through what this means. Do you know how many people will have to lose their Medicaid coverage just to pay for one of those $50 billion tax loopholes out of a $4 trillion Trump tax giveaway?
    Mr. Morrisey: Senator, if I were to be confirmed, I would be committed to making sure that folks working at Treasury on tax issues are clear that the policy judgments in this space belong to the Congress. 
    Senator Warren: That’s not the question I’m asking here, Mr. Morrissey. I know you’d like to duck this one. My question is: when you create a $50 billion tax giveaway, do you know how many Americans lose Medicaid coverage to make up $50 billion? Do you know what those numbers are? These are just numbers.  
    Mr. Morrissey: Senator, again, the policy judgement is with the Congress and Treasury would be — 
    Senator Warren: No, it’s not a policy question I’m asking you. If you are going to be over at the Treasury Department and you’re talking about being in a position where you can actually create a $50 billion loophole—and I know you could do that because you’ve done it in the past—I just want to make sure when you’re doing the pluses and minuses of doing this, that you have some idea how many Americans will lose their Medicaid coverage in order to make up for a $50 billion loophole. Do you have any idea how many people have to lose Medicaid coverage to create $50 billion?
    Mr. Morrissey: Senator, whatever judgements this Congress makes in the statute—
    Senator Warren: Ten? A thousand? A million? Do you have any idea what that number is? 
    Mr. Morrissey: Senator, if I am confirmed, I am committed to making sure we are implementing—
    Senator Warren: Do you not have any idea what that number is, or do you just not want to say it?
    Mr. Morrissey: Senator, my role would be on the legal side. The policy side, the weighing of these important issues—
    Senator Warren: I’ll take that as you just don’t want to have to admit it. It’s 700,000 people to make up for a $50 billion loophole. It’s like cutting off every single Medicaid recipient in the state of Nevada just to fund another $50 billion loophole like the ones you all managed to do last time around when you gave foreign banks this special loophole. 
    And that’s what this bill is all about: taking from struggling families to give handouts to billionaires and big corporations. In fact, according to independent experts, Trump’s big, beautiful bill will take money away from the bottom 40% of families and turn around and shovel nearly $400,000 to everyone who’s in the top one-tenth of one percent. 
    So let me just ask you one last question and we’ll finish this up. At a time when families are struggling with higher costs under President Trump, do you really think that Trump’s “big, beautiful bill” should take away money from working-class Americans, Mr. Morrissey?
    Mr. Morrissey: Senator, I think the tax legislation that this Congress passed in 2017 raised living standards and helped Americans across the spectrum and if Congress decides to take new action I am committed to working with Treasury to make sure we implement that.
    Senator Warren: You know, I’ve just got to say: tax cuts for the wealthiest, a $50 billion loophole here, another one there, and so what if hundreds of thousands of people lose their Medicaid and access to health care? That’s what this bill is all about, and I think it’s obscene.

    MIL OSI USA News

  • MIL-OSI USA: Padilla Expands Holds on EPA Nominees After Republicans Overrule Parliamentarian to Gut California’s Clean Air Authority

    US Senate News:

    Source: United States Senator Alex Padilla (D-Calif.)

    Padilla Expands Holds on EPA Nominees After Republicans Overrule Parliamentarian to Gut California’s Clean Air Authority

    Senator Padilla: “The Trump Administration and the Republican majority plowed ahead with an unprecedented power grab at the expense of the health of millions of children and families in California and many other states”
    Padilla releases memo outlining how Senate Republicans went nuclear on Senate rules, warns of future implications
    WASHINGTON, D.C. — After Republicans shortsightedly revoked California’s clean air waivers, U.S. Senator Alex Padilla (D-Calif.), Ranking Member of the Senate Committee on Rules and Administration and a member of the Senate Environment and Public Works Committee, announced his intent to place a blanket hold on Environmental Protection Agency (EPA) nominations, including proceeding with his objections to the four EPA nominations currently pending on the Senate’s Executive Calendar and holding three additional EPA nominations. In his Congressional Record Statement, Padilla stated he will maintain these seven holds until Republicans make appropriate accommodations so that California can protect its own environment and the health of its residents.
    Padilla’s objections come in response to Republicans overruling the nonpartisan Senate Parliamentarian’s decision and going nuclear on the Senate rulebook in order to rescind California’s clean air waivers that allow the state to implement more protective air quality standards. The Senate Parliamentarian determined that any resolutions aimed at overturning California waivers would not be entitled to the Congressional Review Act’s (CRA) expedited procedures and would therefore require 60 votes to secure Senate passage. However, Senate Republicans bypassed the filibuster to rescind these waivers by overruling the Parliamentarian.
    “The Senate’s constitutional role to Advise and Consent regarding executive branch nominations is an important check on agency leadership’s abuse and overreach, and raising these objections regarding EPA nominations is my duty on behalf of the people of the State of California,” wrote Senator Padilla. “I am objecting to expedited consideration of EPA nominees in response to the Trump Administration EPA’s abuse of the Congressional Review Act (CRA) by submitting three waivers issued to the State of California to Congress and claiming they are ‘rules’ under the CRA despite the Government Accountability Office’s clear determination they are not.”
    Padilla stressed that revoking California’s waivers will cause disastrous public health and environmental impacts, highlighting California’s unique air quality challenges and critical efforts to reduce harmful emissions. He also emphasized that EPA’s reckless actions by abusing the CRA fly in the face of longstanding Senate procedures to target California’s waiver authority.
    “The Trump Administration and the Republican majority plowed ahead with an unprecedented power grab at the expense of the health of millions of children and families in California and many other states,” continued Senator Padilla. “They took advantage of EPA’s abuse of the CRA to throw out the rulebook, first by overriding the procedural limits in the text of the CRA itself and then by overturning the Parliamentarian’s decision, all in their quest to take away California’s authority under the Clean Air Act.”
    “This is unacceptable,” added Senator Padilla. “California has done nearly all it can do to reduce emissions from stationary sources of air pollution within its jurisdiction. Given our unique air quality challenges and the worsening impacts of climate change, it is essential for our state to reduce pollution from mobile sources such as cars and trucks if the federal government will not do so itself. That is why Congress has provided this waiver authority to our state for decades and it has been used over 100 times. But now, as a result of the Trump EPA and Senate Republicans’ abuse of the CRA, the people of California will be forced to breathe more toxic air pollution and suffer increasingly devastating impacts of climate change.”
    The seven Senate-confirmable nominations Padilla is holding include four pending on the Senate floor and three working their way through the committee process.
    Senator Padilla also circulated a memo to his Senate colleagues outlining the broad implications of Republicans going nuclear on the Senate rules, detailing that the Senate majority went nuclear by:
    Overriding the text of the CRA, which bars points of order (which they then raised) and
    Overruling the Parliamentarian’s determination by ignoring her and “submitting the question” to the Senate as opposed to overruling the Chair.
    The memo makes clear that by defying their previous commitments and breaking 30 years of CRA precedent with the first successful use of the nuclear option on the legislative filibuster, the CRA is now open to being applied to any agency action that is submitted to Congress going back to 1996, opening up a large new window to force votes in the Senate. In addition, Senate Republicans have now permanently undermined the legislative filibuster that they have claimed to defend on the eve of budget reconciliation, where they are under pressure to overrule the Parliamentarian yet again to avoid a filibuster on legislation that would eliminate health care and nutrition assistance for millions of Americans to cut taxes for the ultra-wealthy.
    Senator Padilla has been a leading voice in pushing back against Republican attacks on California’s Clean Air Act waivers. Over the last month, Padilla has spoken on the Senate floor repeatedly to sound the alarm on Senate Republicans’ revocations of these critical waivers. Padilla, along with Senator Sheldon Whitehouse (D-R.I.) and Democratic Leader Chuck Schumer (D-N.Y.), also led Democratic Ranking Members in strongly warning Majority Leader John Thune (R-S.D.) and Majority Whip John Barrasso (R-Wyo.) of the dangerous and irreparable consequences if Senate Republicans overrule the Senate Parliamentarian’s decision on California’s waivers. Many of his Democratic colleagues voiced similar opposition to Republicans’ unprecedented dismissal of the Senate rulebook.
    In April, Padilla, Whitehouse, and Senator Adam Schiff (D-Calif.) welcomed the Senate Parliamentarian’s decision that the waivers are not subject to the CRA. Padilla also joined Whitehouse and Schiff in blasting Trump and EPA Administrator Lee Zeldin’s weaponization of the EPA after the Government Accountability Office’s (GAO) similar finding. Padilla and Schiff previously slammed the Trump Administration’s intent to roll back dozens of the EPA’s regulations that protect California’s air and water.
    Full text of Senator Padilla’s hold statement is available here.

    MIL OSI USA News

  • MIL-OSI: Deep MM CEO Nathaniel Powell to Present at Fixed Income Leaders Summit

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 04, 2025 (GLOBE NEWSWIRE) — Deep MM, an AI-powered credit trading solution providing the most accurate U.S. pricing to the private credit market, has announced that its CEO and Founder Nathaniel Powell will be speaking on a panel about leveraging AI, ML and LLM technologies at Fixed Income Leaders Summit (FILS). The presentation – Spotlight on AI: How can you leverage AI, ML and LLM to distill complex datasets and empower trading and investment teams with unique actionable insights? – will be held on June 9 at 1 p.m. ET in Washington D.C. at the Omni Shoreham Hotel.  

    During the presentation Nathaniel will explore both the current and potential applications of AI and machine learning while highlighting how companies in the fixed income space can start deploying them. Attendees can expect to gain valuable insights into how LLM models can improve decision making and how to address the challenges that come with adopting this technology.  

    “AI, machine learning, and deep learning are making advances every day in the world’s economies, which is why there is no good reason for fixed income professionals to be left behind by them, as AI will have an outsized impact in capital markets,” said Nathaniel Powell, CEO and Founder of Deep MM.  “It is an honor that Deep MM was chosen to represent AI at FILS and I am excited to discuss the huge ROI potential for AI technology in fixed income trading.”

    Nathaniel and the Deep MM team will be available to meet at the company’s booth (Booth #50) for the duration of the conference – June 9-11.

    About Deep MM:

    Deep MM is an AI-powered credit trading solution that leverages advanced deep learning, trade secrets, and data analytics to enhance market performance and transparency. The company is pioneering large event models (LEMs), a new and important AI modality for financial and healthcare logistic scenarios. Currently its LEMs provide the most accurate U.S. corporate bond pricing and actionable insights for traders, sell-side dealers, and portfolio managers.

    Based in New York, the company features a team of seasoned experts from the world’s leading banks and tech firms, such as Goldman Sachs, Barclays, and Microsoft. For more information, please visit https://deepmarketmaking.com/.

    About Fixed Income Leaders Summit:

    Fixed Income Leaders Summit will bring together America’s leading buy side heads of fixed income trading and investment, with over 1000 attendees expected from across the full fixed income ecosystem, including representation from all the leading North American buy side firms For more information about the conference, please visit https://fixedincomeus.wbresearch.com/.

    Contact:
    Scott Rosenblum
    For Deep MM
    LEVEL PR
    scott@levelpr.co
    646-776-1222

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/11487d87-1e63-4fd8-bbae-f35fd2b6a9ae.

    The MIL Network

  • MIL-OSI: Nasdaq Launches Exclusive Access to Nasdaq Private Market’s Tape D® API to Deliver Advanced Visibility into Private Markets

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 04, 2025 (GLOBE NEWSWIRE) — Nasdaq® (Nasdaq: NDAQ) announced today that the company has partnered with Nasdaq Private Market (NPM), a leading provider of secondary liquidity solutions to private companies, employees, and investors, to provide greater price transparency and valuation visibility into private, pre-IPO companies, including unicorns and other startups through NPM’s Tape D® private company dataset.

    As the exclusive distributor of the Tape D API, Nasdaq is enhancing essential transparency and access to an increasingly complex private company landscape. Now available to Nasdaq clients through API integration via Nasdaq Data Link, Tape D addresses critical transparency challenges by helping investors evaluate private holdings with greater confidence, enabling banks to structure private transactions more effectively, supporting wealth advisors and shareholders in managing liquidity needs, and equipping private companies with valuable insights for capital raises and tender offers. This comprehensive data product delivers real-time private market pricing by seamlessly integrating primary round data, secondary market transactions, and accounting data including mutual fund marks and 409A valuations.

    “Nasdaq was founded on the principle of leveraging technology to make markets more efficient, and we are committed to driving the same transformation in private markets that we’ve achieved in public markets,” said Oliver Albers, Executive Vice President, Chief Product Officer, Capital Access Platforms at Nasdaq. “The collaboration with Nasdaq Private Market builds upon this foundation, reflecting Nasdaq’s continued commitment to creating an ecosystem where transparency, accessibility, and improved outcomes naturally extend across the entire investment lifecycle,” noted Albers.

    “The private market is now a critical arena for valuation, investment, and planning, and requires accurate, real-time data. With over 1,200 unicorns and billions in equity held by private shareholders, the need for a reliable valuation benchmark is greater than ever. Tape D brings essential clarity to private markets, and we are excited to partner with Nasdaq to broaden access to market participants,” said Marc Perkins, CFA, Senior Vice President of Product at Nasdaq Private Market. In addition to the Tape D API from Nasdaq, NPM offers individual subscriptions directly via NPM’s website.

    The launch of this data partnership with Nasdaq Private Market marks the latest step in Nasdaq’s commitment to enhancing transparency, access, and portfolio management capabilities across the public-to-private investment spectrum. This includes offerings such as Nasdaq Fund Secondaries, which bring greater efficiency, transparency, and scalability to secondary transactions. Nasdaq also delivers solutions designed to equip asset owners and asset allocators with essential research and portfolio management tools that span both public and private markets. These enhancements address specific market challenges, helping managers clearly articulate their value propositions to gather assets while giving allocators the visibility they need for confident decision making.

    For more information about accessing the Nasdaq Private Market Tape D Data API, please visit: https://www.nasdaq.com/solutions/data/equities/TAPED

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

    Nasdaq® is a registered trademarks of Nasdaq, Inc. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither Nasdaq, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies or Nasdaq proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED. © 2025. Nasdaq, Inc. All Rights Reserved.

    About Nasdaq Private Market
    Nasdaq Private Market provides liquidity, wealth and data solutions for private companies, employees, and investors throughout each stage of the pre-IPO lifecycle. Since inception over a decade ago, NPM has executed nearly $60 billion in transactional volume for 200,000+ individual eligible employee shareholders and investors across 775+ company-sponsored liquidity programs. Founded within Nasdaq, Inc. in 2013, today NPM is an independent company with strategic investments from Nasdaq, Allen & Company, Bank of America, BNP Paribas, Citi, DRW Venture Capital, Goldman Sachs, HiJoJo Partners, Morgan Stanley, UBS, and Wells Fargo.

    Learn more at www.nasdaqprivatemarket.com. Visit LinkedIn and X for the latest company news.

    Disclosures and Disclaimers

    NPM is not: (a) a registered exchange under the Securities Exchange Act of 1934; (b) a registered investment adviser under the Investment Advisers Act of 1940; or (c) a financial or tax planner and does not offer legal or financial advice to any user of the NPM website or its services. Securities-related services are offered through NPM Securities, LLC, a registered broker-dealer and alternative trading system, and member FINRA/SIPC. Transactions in securities conducted through NPM Securities, LLC are not listed or traded on The Nasdaq Stock Market LLC, nor are the securities subject to the same listing or qualification standards applicable to securities listed or traded on The Nasdaq Stock Market LLC. Please read these other important disclosures and disclaimers about NPM found here: https://www.nasdaqprivatemarket.com/disclosures-disclaimer/

    Contact:

    Max Leitenberger
    Corporate Communications, Nasdaq
    Maximilian.leitenberger@nasdaq.com

    Amanda Gold
    Chief of Staff and Chief People Officer, Nasdaq Private Market
    Amanda.Gold@npm.com

    The MIL Network

  • MIL-OSI Security: Defense News: Naval Hospital Twentynine Palms Betters Maternal-Infant Care with Revitalized Multi-Service Ward

    Source: United States Navy

    TWENTYNINE PALMS, Calif. – Naval Hospital Twentynine Palms, located at the Marine Corps Air Ground Combat Center, recently relocated and revitalized its Multi-Service Ward, which houses the Maternal Infant Nursing Department (MIND). Commanding officer Capt. Daniel Clark marked the official opening of the improved inpatient care space for military families with a ribbon cutting on May 29.

    MIL Security OSI

  • MIL-OSI Europe: Strengthening the role of women in preventing violent extremism focus of the OSCE regional meeting in Tashkent

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: Strengthening the role of women in preventing violent extremism focus of the OSCE regional meeting in Tashkent

    Participants of the event on strengthening the role of women in preventing violent extremism focus of the OSCE regional meeting in Tashkent, 4 June 2025. (Yury Kim) Photo details

    To promote women’s leadership in addressing transnational threats, women professionals from across Central Asia convened for a Regional Expert Group Meeting on 3 and 4 June in Tashkent, Uzbekistan. The event focused on youth, gender and labour migration in the context of preventing and countering violent extremism and radicalization that lead to terrorism (P/CVERLT).
    The meeting was jointly organized by the OSCE Project Co-ordinator in Uzbekistan, the OSCE Secretariat’s Gender Issues Programme under the WIN Project and the Transnational Threats Department’s Action against Terrorism Unit. It brought together members of the OSCE Network for Women Professionals on P/CVERLT in Central Asia to share experiences, strengthen regional co-operation, and promote inclusive and effective approaches to shared security challenges.
    “Today’s meeting is an excellent example of co-ordination and co-operation at all levels – between the OSCE Secretariat, field missions in Central Asia and, most importantly, dedicated professionals working to prevent and counter violent extremism and radicalization that leads to terrorism throughout the OSCE area,” said Ambassador Alena Kupchyna, OSCE Co-ordinator of Activities to Address Transnational Threats.
    Participants explored how youth marginalization and online violent extremist narratives are impacting online radicalization to violence in the region. Presentations from Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan highlighted the importance of early prevention, multi-stakeholder engagement and context-specific tools.
    “The Network serves not only as a platform for sharing best practices and practical skills but also as a tool to strengthen the role of women in shaping gender-sensitive strategies and in developing efforts to empower women and girls,” emphasized Ambassador Antti Karttunen, OSCE Project Co-ordinator in Uzbekistan.
    The meeting also reaffirmed the value of the OSCE Network for Women Professionals on P/CVERLT as a platform for dialogue, mutual learning and policy innovation. Participants identified shared challenges and developed targeted recommendations for further actions.
    “Women must be at the forefront of building peace and security. Their expertise is essential for ensuring that responses to violent extremism are inclusive, sustainable and effective,” stated Dr. Lara Scarpitta, OSCE Senior Adviser on Gender Issues. “I am proud to see how this Network has grown into a platform for collaboration, sharing best practices and peer support across Central Asia.”
    The meeting concluded with a discussion on regional priorities and the Network’s plan through 2025. The OSCE Network for Women Professionals on P/CVERLT will continue to support dialogue, learning and joint action, strengthening regional co-operation and ensuring that women’s perspectives remain central to preventing and countering violent extremism in Central Asia.

    MIL OSI Europe News

  • MIL-OSI United Kingdom: Major milestone achieved in MOD submarine dismantling project

    Source: United Kingdom – Executive Government & Departments

    Press release

    Major milestone achieved in MOD submarine dismantling project

    The fin of decommissioned Royal Navy submarine ‘Swiftsure’ has been successfully cut and removed.

    Decommissioned submarine ‘Swiftsure’ has its fin cut and removed. MOD Crown Copyright.

    • Defence Nuclear Enterprise successfully cuts and removes fin from decommissioned submarine, ‘Swiftsure’, at Babcock’s Rosyth facilities. 

    • Over 500 tonnes of conventional waste already removed and recycled from Swiftsure, with 90% of her total weight expected to be recycled. 

    The Defence Nuclear Enterprise’s (DNE) Submarine Dismantling Project has achieved a major milestone as it completes the fin cut and removal on the demonstrator submarine, Swiftsure.  

    She will become the first decommissioned Royal Navy submarine to be dismantled by the end of 2026, establishing a unique and world-first methodology to disposal.  

    The innovative programme of work will enable around 90% of the submarine’s structure and components to be reused or recycled, providing a safe, environmentally responsible and cost-effective solution for the recycling of the UK’s decommissioned nuclear fleet.  

    The disposal approach was supported by the results of two public consultations in 2012 and 2015 and reflects the DNE’s commitment to act as a responsible nuclear operator. 

    Lessons from Swiftsure will develop the blueprint for the recycling of the remaining decommissioned Pressurised Water Reactor 1 submarines, with high quality steel already recovered from decommissioned submarines being repurposed into components for future submarines.  

    The fin removal is part of a truly national endeavour, delivered by the DNE in collaboration with Babcock and Defence Equipment and Support’s Defence Recycling & Disposals Team (DRDT). 

    Scottish Secretary Ian Murray said: 

    National security and environmental responsibility are at the heart of our commitment to act as a responsible nuclear operator – a technology which will play a key role in the UK Royal Navy’s submarine fleet keeping us safe for years to come.  

    Just this week as part of the Strategic Defence Review, the Prime Minister came to Scotland to announce up to 12 new nuclear-powered attack subs, building on the £15 billion investment set out for the UK’s sovereign nuclear warhead programme.

    Sir Chris Gardner KBE, CEO of the Submarine Delivery Agency, said:

    To see the fin of Swiftsure removed is a significant marker of progress in the Defence Nuclear Enterprise’s Submarine Dismantling Project. Our colleagues continue to work tirelessly alongside our industry partners in Rosyth to deliver a proven dismantling method using this demonstrator vessel. My thanks go to everyone involved in this groundbreaking work.

    Lorraine Russell, Senior Responsible Owner for the Submarine Disposals Programme, said:

    The Project showcases our commitment to sustainable disposal practices. By recycling materials wherever possible, we’re ensuring these vessels that served the nation so well continue to provide value even after decommissioning.

    Alistair Hughes, Head of DRDT, DE&S said:

    This sustainable solution has shown how we can extract the maximum value from surplus assets and improve Defence’s supply-chain resilience, while ensuring national security and prosperity remains at the core of what we do.

    The project has also provided valuable hands-on experience for the next generation of nuclear industry professionals. The Submarine Dismantling Project supports 200 highly-skilled jobs in Rosyth and remains on schedule to dismantle Swiftsure by the end of 2026, fulfilling the Department’s 2019 commitment to the Public Accounts Committee.

    Updates to this page

    Published 4 June 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Education Secretary’s speech on attendance at regional conference

    Source: United Kingdom – Executive Government & Departments

    Speech

    Education Secretary’s speech on attendance at regional conference

    The Education Secretary addresses 200 education leaders from the Midlands on our mission to drive up school attendance.

    Good morning, everyone, and thank you so much for being here.  

    And thank you to Carol and the DfE team for your hard work to bring us all together. 

    It’s great to see you gathered here today.  

    I know we’ve all come for the same reason.  

    And it’s not for the chance to check out this great football stadium and imagine what could have been had we not got into education. 

    We’re all here today because we care deeply about the children of this country. 

    Their education, their lives, their futures. 

    They are at the centre of your schools, and they are at the centre of what this government wants to achieve. 

    And as Secretary of State for Education, my time, my energy, my ideas, my drive, my passion – it all belongs to them, the children of this country. 

    Not just some children, all children. 

    That’s my vision for education: 

    Excellence – for every child. 

    High and rising standards – for every child. 

    Opportunity – for every child. 

    In practice, that means four things.  

    It starts with you, great leaders, and all you do to empower our great teachers. 

    Because you know the importance of top-class teaching. 

    You understand how it can transform young lives.  

    So great teachers and great leaders are the first step – they are always the first step when it comes to learning. 

    The second step is what they teach – the curriculum.  

    And you’ll know that our curriculum and assessment review is working hard on that right now. 

    We’ll bring in a curriculum that is broad and deep and rich – ready to set children up for the future.  

    The next step is building a self-improving system. How you as leaders and we as government combine to deliver better life chances for children. 

    Those are three big steps, but it’s the fourth and final one that we’re focusing on today – breaking down the barriers to learning. 

    And in particular: attendance. 

    It’s fundamental.  

    Children can’t benefit from fantastic teachers if they’re not in school. 

    They can’t benefit from a cutting-edge curriculum if they’re not in school. 

    They can’t benefit from your hard work, or from everything this government is doing, if they’re not in school. 

    We all know why that matters. Why at times it’s so frustrating. 

    It’s at the root of what motivates me, what lifts me up and pushes me out the front door every morning.  

    Because across this country, in our towns and cities, in our classrooms and playgrounds, we still see the weight of background hold so many children back. 

    Children from certain parts of the country, children growing up in poverty, children with special educational needs. 

    And we must recognise that absence is at the centre of their stories. 

    It takes those early gaps that show up between children – and it crowbars them further apart. 

    I’ve seen it happen – and I know you have too. 

    When I was a child, skipping school was never an option.  

    My mam saw that I went off to school every day – and that was the end of it.  

    My schools were places I wanted to be. I had teachers who made me feel like I belonged in their classroom.  

    And so even on those grey and drizzly mornings – off to school I went, because that was the place for me. 

    But there were children on my street who weren’t so lucky. 

    They started by missing a day here or there. Testing the boundaries. 

    And when nobody stopped them, that day here or there turned into a day a fortnight, a day a week, until suddenly they were out of school more than they were in school. 

    I’d see them hanging around the park, or outside the corner shop – but rarely in the classroom. 

    I saw that process play out time and again – and I saw the damage it did. 

    I saw how it held children back from becoming all that they could be. 

    You’ll have seen it too. 

    And it’s this time of year when the effects become clear. 

    Because we meet today in the middle of exam season.  

    Children all over the country are squeezing in some last-minute revision. 

    But as education leaders, you’ll all know – the key to exam success is not cramming but consistency. 

    It’s the hard work – from days into weeks, weeks into months, months into years – that’s the foundation for success in exams.  

    And we build that foundation for our children through attendance. 

    Children in school, day in, day out.  

    So the smiles on results day in August – they are built on consistently showing up for school from September to July.  

    We know that, there’s solid data behind it, but I’m sure you all see it across your schools and in your trusts and local authorities: top class attendance leads to top class exam results. 

    But you’ll also know that there will be children in August, standing on the steps in front of your schools, not smiling but frowning. 

    Who feel the sting of disappointment when they open their envelopes.  

    Children who were held back from doing their best because they just weren’t in school enough this year, or last year, or the years before that. 

    Because those missed days – they may have felt harmless at the time – but they add up.  

    And children carry that extra weight with them into the exam room, and on into life beyond school. 

    The truth is that this is happening to far too many children. 

    This morning, children across the country are taking GCSE maths exams, so I’ll sprinkle some statistics into my speech today. 

    This statistic should shock us all. 

    1 in 5 children are persistently absent from our schools. 

    That’s 1.5 million, missing roughly a day every other week. 

    1.5 million. This isn’t a side issue, it’s not a niche problem to talk about in between the big education conversations.  

    This is the big education conversation. 

    Getting children back in school every day, back learning every day, back building towards a brighter future every day.  

    That’s the challenge for me, for you, for parents, for everyone in this room, for anyone across the country who cares about our children’s futures. 

    On that, I’m incredibly ambitious. 

    And since we’re meeting here at Villa Park, I hope you’ll allow me one or two football analogies, especially as my private secretary James, who is with me today, is a lifelong Aston Villa fan. 

    James tells me that since Villa were promoted from the Championship to the Premier League in 2019,  attendance at matches here in this stadium, as a percentage of max capacity, has gone from the mid-70s to the high-90s. 

    Only 2 or 3 seats in every hundred sitting empty on match day. 

    I want to see the same in our schools. And then I want to see even better. 

    We need to go from Championship to Premier League. 

    And the way we do that is by each recognising our joint responsibility to our children. 

    Government, schools, parents – working together to get children back in the classroom. 

    Parents have the responsibility to send their children to school. Of course they do.  

    But what schools do matters too. We can see it in the data. 

    Because within local authorities or trusts – there are similar schools, facing similar challenges, but with very different records on attendance. 

    Some doing really well. But in others we need to see more progress. 

    About two thirds of the difference can be explained by things like where the schools are and the communities they serve.  

    And I’m sure a bit reflects the complexities of schooling that we just can’t measure. 

    But there is a chunk, a big chunk, that is under the control of school leaders. 

    The data is clear – your leadership matters.  

    And we’re arming you with that data. You now have access to AI-powered reports for each of your schools. 

    You can see how each school’s performance compares with 20 similar schools.  

    As well as tailored tips for how to get attendance moving again. 

    And I’m pleased to say reports at trust and local authority level will be available soon. 

    Because that’s where you as system leaders come in, where you can think strategically across your schools. 

    On resourcing. 

    On accountability. 

    On data. 

    You can make a big difference on attendance, you can make a big difference in the lives of those absent children. 

    And as far as I’m concerned, that’s not just an opportunity, it’s a responsibility – one that I sincerely hope you can live up to. 

    So think about what more your schools can do to reach that child who misses too many Monday mornings.  

    What more your schools can do to work with those parents who don’t yet see the importance of attendance. 

    What more your schools can do to make sure every child knows they belong in the classroom. 

    We as government are right here with you – we are determined to do more to support you, determined that you as leaders have what you need to get the job done. 

    Just in the last few weeks we’ve improved our data tools for you.  

    These tools are now harnessing the power of AI to help you quickly identify and address problems as they arise. 

    We’ve also given secondary schools year 6 transition data – because we know, and you do too, that the jump from one school to the next is a key moment for attendance.  

    Giving you the right data means you can support the right children sooner. 

    But we’re going further to give you what you need. 

    We’re launching up to 90 new RISE Attendance and Behaviour Hubs.  

    These will be specially appointed schools.  

    They’ll work hand in hand with up to 500 schools with the most complex challenges. 

    And they’ll lead regional networks – for schools to come together, to share what works, and to learn from each other. 

    We’re also boosting funding by up to £49 million to give mental health support to 900,000 more young people in schools this year. 

    And we’re rolling out school-based nurseries and free breakfast clubs in our primary schools – teaching children from an early age that school is where they belong. 

    Attendance is a generational challenge. This will take grit, it will take graft, and it will take persistence – not for weeks or months but for years.  

    I know you don’t shy away from a challenge when it comes to the futures of our children. 

    You’ve faced huge challenges before, the covid pandemic is just one example.    

    You’ve come out fighting, and you’ve delivered – time and again. 

    And your hard work to get children back in the classroom is beginning to turn the tide. 

    Here’s another statistic – one I’m deeply proud of and you should be to: our children have spent 3 million more days in the classroom this year than last. 

    3 million – what a turn around.  

    So thank you, from the bottom of my heart, for all you’ve done to get attendance back moving in the right direction.  

    I can assure you, that hard work will make such a difference to all those children.  

    To the jobs they go on to get,  

    to the pay they go on to earn,  

    to the lives they go on to live. 

    But we can’t stop here. This isn’t the end of our journey on attendance. It’s just the beginning.  

    Now is the time to kick on, now is the time to take our action to the next level. 

    So thank you for coming today,  

    thank you for your hard work,  

    and thank you for your continued commitment to getting our children back in the classroom – once and for all.

    DfE media enquiries

    Central newsdesk – for journalists 020 7783 8300

    Updates to this page

    Published 4 June 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Have your say about plans to expand Green Park School

    Source: City of Wolverhampton

    A consultation is now underway into proposals which would increase the capacity of Green Park by 27 places, bringing the total to 174 places from September 2027.

    The City of Wolverhampton Council’s Special Educational Needs Provision Expansion Programme, endorsed by Cabinet last summer, seeks to create additional places in both special schools and mainstream resource provision across the city.

    Councillor Jacqui Coogan, Cabinet Member for Children, Young People and Education, said: “In recent years there has been a marked increase in the number of children with Education, Health and Care Plans who need specialist provision, with younger children presenting with more complex needs and requiring suitable provision to support their education.

    “The Special Educational Needs Provision Expansion Programme is helping to meet this rising demand, and enabling more of our children and young people with special educational needs or disabilities to reach their full potential.

    “We are working closely with Green Park on these proposals, and would welcome feedback from anyone who would like to share their views.”

    The consultation is available at Consultation on the Proposed Expansion of Green Park School until 5pm on 6 July, 2025.

    MIL OSI United Kingdom

  • MIL-OSI Canada: A Milestone in Realizing a Vision for Canadian Leadership in Arctic Science: New exhibition about Indigenous Knowledge App opens at Canadian High Arctic Research Station

    Source: Government of Canada News (2)

    June 4, 2025-Cambridge Bay, Nunavut

    Today, a vision for Arctic science realizes a major milestone. Polar Knowledge Canada marks 10 years since its creation through a knowledge-sharing collaboration with the Canadian Museum of Nature and the Arctic Eider Society.

    On display at the Canadian High Arctic Research Station (CHARS) in Cambridge Bay, Nunavut, is a new exhibition co-developed by the Canadian Museum of Nature and the Arctic Eider Society with support from Polar Knowledge Canada. The exhibition showcases SIKU: The Indigenous Knowledge App, as a practical application of Indigenous Knowledge taking a leading role in science.

    SIKU is the Inuktitut word for sea ice. SIKU, the mobile and online technology platform created by and for Indigenous communities provides a platform for communities to manage their own programs for harvesting, guardians and community-driven research and monitoring.

    The exhibition at CHARS, which is open to the public and will be on view until the end of 2025, tells the story of how SIKU was developed on a framework of self-determination and data sovereignty piloted by the Arctic Eider Society. With stunning imagery and interactive displays, visitors can learn how individual harvesters, as well as communities, use their own language and knowledge systems to document environmental changes and observations in marine and terrestrial ecosystems.

    The exhibition is a symbol of the vision that began almost 20 years ago to establish a world-class research facility in the Canadian high Arctic. Polar Knowledge Canada was created in June of 2015 with the Royal Assent of the Canadian High Arctic Research Station Act. CHARS was built over the first five years and is now fully operational, hosting and collaborating with researchers from across Canada and around the world.

    The scientific program strives to advance knowledge of ecosystems in the North – terrestrial, freshwater, marine and air – to monitor and understand the effects of changes to the climate in the Arctic, where the earth is warming at a rate four times faster than the rest of the planet. To examine and test sustainable energy technologies and infrastructure solutions and how they work in the extreme Northern environment, in an effort to reduce the use of fossil fuels in the North and the impacts it has on communities and the environment. And to understand the connection between community wellness and environmental health, such as the impact of diseases in animals that are traditionally harvested, as well as to communicate to Northern communities about how to protect themselves when consuming country food with the changes the mammal, fish and bird populations are experiencing.

    More about the exhibition: SIKU: The Indigenous Knowledge APP

    Divided into five sections, the exhibition, includes information panels and testimonials, as well as three videos, two activities for children and a feature presentation of the film People of a Feather.

    The first section introduces SIKU including a video The second and third sections delve into the importance of SIKU as a tool for Indigenous self-determination and for sharing Indigenous knowledge. Five project case studies from Nunavut, Nunatsiavut, Nitassinan and Eyou Itshee are featured in more detail. There are also videos about the SIKU Ice Watch and Goose Watch campaigns, which engage users in sharing knowledge about ice conditions and the spring goose migration.

    The fourth section zeroes in on projects around Cambridge Bay that use SIKU. One monitors the prevalence of biting insects, and the other is SmartICE, a well-established ice-monitoring program across the Arctic.

    The final section delves into the creation of SIKU by the Arctic Eider Society, an Inuit organization in Sanikiluaq, including its use as part of the Qikiqtait Protected Area initiative for the Belcher Islands Archipelago. Visitors can then grab a seat in the Knowledge Centre at CHARS and enjoy the award-winning feature film, People of a Feather, which portrays the unique relationship between Sanikiluaq Inuit and eider ducks.

    A comprehensive exhibition about the Inuit of Sanikiluaq, the Arctic Eider Society and the Qikiqtait Protected Area (including the SIKU App) will open September 26 in the Northern Voices Gallery at the Canadian Museum of Nature in Ottawa. This exhibition is also presented with the support of Polar Knowledge Canada.

    MIL OSI Canada News

  • MIL-OSI USA: Ground Beef Products Recalled

    Source: US State of Rhode Island

    The Rhode Island Department of Health (RIDOH) is advising consumers that a recall has been issued for ground beef products that may be contaminated with E. coli O157:H7.

    The recalled product is in a 1-lb. vacuum-packed package labeled “ORGANIC RANCHER ORGANIC GROUND BEEF 85% LEAN 15% FAT” with “Use or Freeze By 06-19-25” and “Use or Freeze By 06-20-25” (see link before for labels). The raw ground beef item was produced on May 22, 2025, and May 23, 2025. The product bears establishment number “EST. 4027” inside the USDA mark of inspection. This item was shipped to Whole Foods Market retail locations nationwide.

    There have been no confirmed reports of illness due to consumption of these products. Anyone concerned about an illness should contact a healthcare professional.

    E. coli O157:H7 is a potentially deadly bacterium that can cause dehydration, bloody diarrhea, and abdominal cramps 2�8 days (3�4 days, on average) after exposure the organism. While most people recover within a week, some develop a type of kidney failure called hemolytic uremic syndrome (HUS). This condition can occur among people of any age but is most common in children under 5-years old and older adults. It is marked by easy bruising, pallor, and decreased urine output. People who experience these symptoms should seek emergency medical care immediately.

    Consumers who have purchased these products are urged not to consume them. These products should be thrown away or returned to the place of purchase.

    Media and consumers with questions can contact Danny Desautels, NPC Processing, Inc., President, at 802-660-0496; 802-310-7644; or ddesautels@npcprocessing.com.

    MIL OSI USA News

  • MIL-OSI Security: Former New Jersey Resident Sentenced to 72 Months for $4.7 Million ‘Up Front’ Fee Scheme

    Source: US FBI

    John Sabo of Florida, who previously resided in New Jersey, was sentenced to 72 months’ imprisonment for defrauding approximately 33 victims out of more than $4 million.

    MIL Security OSI

  • MIL-OSI Security: Dallas, Texas, Man Sentenced to 26 Months for Making Threats of Violence Against Employees of Sikh Nonprofit Organization

    Source: US FBI

    Bhushan Athale of Dallas, Texas, has been sentenced to 26 months in prison for a federal hate crime and for making violent interstate threats against various individuals.

    MIL Security OSI

  • MIL-OSI: SECU Awards Summer Camp Scholarships to 457 Youth Members Statewide

    Source: GlobeNewswire (MIL-OSI)

    RALEIGH, N.C., June 04, 2025 (GLOBE NEWSWIRE) — State Employees’ Credit Union (SECU) has concluded its fourth annual Summer Camp Awards campaign, granting $500 scholarships to 457 young members throughout North Carolina. Recipients were selected through random drawings, with one FAT CAT® and one Zard® winner per branch from all eligible entries. The scholarships will be used for the registration costs and associated fees at the summer camp chosen by each youth winner. Applicants submitted an illustration or essay about their dream camp experience to be entered into the contest.

    Since its launch in 2022 the program has provided scholarships totaling $508,000 to 1,016 FAT CAT and Zard members. Summer Camp Awards were established to encourage young members to expand their knowledge through fun and engaging summer camps and provide financial support to help youth families pursue these impactful opportunities.

    “Parks was very excited when he found out he was a Summer Camp Award winner,” said Michael Hamilton, father of Raleigh-Wakefield Branch winner Parks Hamilton. “For his entry, he drew a picture of pandas, bamboo, flowers, a hummingbird, a seagull, and volcanos – things he’s seen in Kung Fu Panda. He will be attending a Tae Kwon Do camp this summer and is really looking forward to it.”

    “We are so pleased to contribute to our young members’ summer camp experiences and continue our support for SECU families across the state through this beneficial program for a fourth consecutive year,” said SECU President and CEO Leigh Brady. “The educational opportunities afforded to youth through summer camps are so incredibly valuable, and I want to offer our sincere congratulations to this year’s winners!”

    About SECU

    A not-for-profit financial cooperative owned by its members, and federally insured by the National Credit Union Administration (NCUA), SECU has been providing employees of the state of North Carolina and their families with consumer financial services for 88 years. SECU is the second largest credit union in the United States with $55 billion in assets. It serves more than 2.8 million members through 275 branch offices, 1,100 ATMs, Member Services Support via phone, www.ncsecu.org, and the SECU Mobile App.

    Contact: Sandra Jones, Communications, sandra.jones@ncsecu.org

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/abc1b4f2-5bc3-43ff-a529-6a9cc87f6b17

    The MIL Network