NewzIntel.com

Category: KB

  • MIL-OSI: Charlton Aria Acquisition Corp. Announces Closing of $75,000,000 Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Wilmington, DE, Oct. 25, 2024 (GLOBE NEWSWIRE) — Charlton Aria Acquisition Corporation (Nasdaq: CHARU), a Cayman Islands exempted company (the “Company”) today announced that it closed its initial public offering of 7,500,000 units at $10.00 per unit. The gross proceeds from the offering were $75 million before deducting underwriting discounts and estimated offering expenses. The units began trading on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “CHARU” on October 24, 2024.

    Each unit consists of one Class A ordinary share, par value $0.0001 per share (“Class A ordinary Share”) and one right (“Right”). Each Right entitles the holder to receive one-eighth of one Class A Ordinary Share at the closing of the initial business combination of the Company. Once the securities comprising the units begin separate trading, the Class A Ordinary Shares and Rights are expected to be listed on Nasdaq under the symbols “CHAR” and “CHARR”, respectively.

    Clear Street acted as the sole book-running manager in the offering.

    Robinson & Cole LLP served as legal counsel to the Company. Winston & Strawn LLP served as legal counsel to Clear Street.

    The offering was made only by means of a prospectus, copies of which may be obtained from Clear Street, Attn: Syndicate Department, 150 Greenwich Street, 45th floor, New York, NY 10007, or by email at ecm@clearstreet.io.

    A registration statement relating to these securities was declared effective by the Securities and Exchange Commission (“SEC”) on October 24, 2024.

    This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About Charlton Aria Acquisition Corporation

    Charlton Aria Acquisition Corporation is a blank check company incorporated in the Cayman Islands as an exempted company with limited liability for the purpose of effecting into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. Our efforts to identify a prospective target business will not be limited to a particular industry or geographic region.

    Forward-Looking Statements

    This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Registration Statement and related preliminary prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC’s website, www.sec.gov.

    Contact Information:
    Charlton Aria Acquisition Corp.

    Mr. Robert W. Garner
    Chairman, Chief Executive Officer, and Director
    221 W 9th St #848
    Wilmington, DE 19801
    Email: ceo@charltonaria.com

    The MIL Network –

  • MIL-OSI: Luokung Announces Receipt of Nasdaq Notices Regarding Periodic Filing Compliance and Stockholders’ Equity Deficiency

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, Oct. 25, 2024 (GLOBE NEWSWIRE) — Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services (“LBS”) and high-definition maps (“HD Maps”) in China, today announced that on October 23, 2024, the Company received two letters from the Nasdaq Stock Market LLC (“Nasdaq”).

    The first letter notified the Company that, based on the filing of its Form 20-F for the year ended December 31, 2023 (the “2023 20-F”) on October 22, 2024, the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1) regarding periodic filing requirements. Accordingly, Nasdaq considers this matter closed.

    The second letter notified the Company that it no longer complies with the minimum stockholders’ equity of $2.5 million for continued listing on the Nasdaq Capital Market under Listing Rule 5550(b)(1) while stockholders’ equity for the year ended December 31, 2023 was reported as ($63,228,280), and the Company does not meet the alternatives of market value of listed securities or net income from continuing operations. These determinations are based on information reported in the 2023 20-F.

    Under Nasdaq rules, the Company has 45 calendar days, or until December 9, 2024, to submit a plan to regain compliance. If the plan is accepted, Nasdaq can grant an extension of up to 180 calendar days from October 23, 2024, or April 21, 2025, to evidence compliance. The Company intends to submit a plan to regain compliance within the required timeframe. There is no assurance that such plan would be accepted by the Nasdaq.  If the plan is not accepted by the Nasdaq, the Company will have the opportunity to appeal that decision to a Hearings Panel.

    ABOUT LUOKUNG TECHNOLOGY CORP.

    Luokung Technology Corp. is a leading spatial-temporal intelligent big data services company, as well as a leading provider of LBS and HD Maps for various industries in China. Backed by its proprietary technologies and expertise in HD Maps and multi-sourced intelligent spatial-temporal big data, Luokung has established city-level and industry-level holographic spatial-temporal digital twin systems and actively serves industries including smart transportation (autonomous driving, smart highway and vehicle-road collaboration), natural resource asset management (carbon neutral and environmental protection remote sensing data service), and LBS smart industry applications (mobile Internet LBS, smart travel, smart logistics, new infrastructure, smart cities, emergency rescue, among others). The Company routinely provides important updates on its website: https://www.luokung.com.

    CONTACT:

    The Company:
    Mr. Jian Zhang
    Chief Financial Officer
    Tel: +86-10-6506-5217
    Email: ir@luokung.com

    The MIL Network –

  • MIL-OSI: Fidus Investment Corporation Schedules Third Quarter 2024 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    EVANSTON, Ill., Oct. 25, 2024 (GLOBE NEWSWIRE) — Fidus Investment Corporation (NASDAQ: FDUS) (“Fidus” or the “Company”) today announced that it will report its third quarter 2024 financial results on Thursday, October 31, 2024 after the close of the financial markets.

    Management will host a conference call to discuss the operating and financial results at 9:00am ET on Friday, November 1, 2024. To participate in the conference call, please dial (844) 808-7136 approximately 10 minutes prior to the call. International callers should dial (412) 317-0534. Please ask to be joined into the Fidus Investment Corporation call.

    A live webcast of the conference call will be available at https://investor.fdus.com/news-events/events-presentations. Please access the website 15 minutes prior to the start of the call to download and install any necessary audio software.

    A webcast replay of the conference call will be available two hours after the call on the investor relations section of the Company’s website.

    ABOUT FIDUS INVESTMENT CORPORATION

    Fidus Investment Corporation provides customized debt and equity financing solutions to lower middle-market companies, which management generally defines as U.S. based companies with revenues between $10 million and $150 million. The Company’s investment objective is to provide attractive risk-adjusted returns by generating both current income from debt investments and capital appreciation from equity related investments. Fidus seeks to partner with business owners, management teams and financial sponsors by providing customized financing for change of ownership transactions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives.

    Fidus is an externally managed, closed-end, non-diversified management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940, as amended. In addition, for tax purposes, Fidus has elected to be treated as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended. Fidus was formed in February 2011 to continue and expand the business of Fidus Mezzanine Capital, L.P., which commenced operations in May 2007 and is licensed by the U.S. Small Business Administration as a Small Business Investment Company (SBIC).

    FORWARD-LOOKING STATEMENTS

    This press release may contain certain forward-looking statements which are based upon current expectations and are inherently uncertain, including, but not limited to, statements about the future performance and financial condition of the Company, the prospects of our existing and prospective portfolio companies, the financial condition and ability of our existing and prospective portfolio companies to achieve their objectives, and the timing, form and amount of any distributions or supplemental dividends in the future. Any such statements, other than statements of historical fact, are likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under the Company’s control, and that the Company may or may not have considered, such as changes in the financial and lending markets and the impact of interest rate volatility, including the decommissioning of LIBOR and rising interest rates; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from these estimates and projections of the future as a result of a number of factors related to changes in the markets in which the Company invests, changes in the financial, capital, and lending markets, and other factors described from time to time in the Company’s filings with the Securities and Exchange Commission. Such statements speak only as of the time when made, and are based on information available to the Company as of the date hereof and are qualified in their entirety by this cautionary statement. The Company undertakes no obligation to update any such statement now or in the future, except as required by applicable law.

    Company Contact: Investor Relations Contact:
    Shelby E. Sherard LHA Investor Relations
    Chief Financial Officer Jody Burfening
    Fidus Investment Corporation (212) 838-3777
    (847) 859-3938 JBurfening@lhai.com
    SSherard@fidusinv.com  

    The MIL Network –

  • MIL-OSI: Arbor Realty Trust Schedules Third Quarter 2024 Earnings Conference Call

    Source: GlobeNewswire (MIL-OSI)

    UNIONDALE, N.Y., Oct. 25, 2024 (GLOBE NEWSWIRE) — Arbor Realty Trust, Inc. (NYSE: ABR), today announced that it is scheduled to release third quarter 2024 financial results before the market opens on Friday, November 1, 2024. The Company will host a conference call to review the results at 10:00 a.m. Eastern Time on November 1, 2024.

    A live webcast and replay of the conference call will be available at www.arbor.com in the investor relations section of the Company’s website. Those without web access should access the call telephonically at least ten minutes prior to the conference call. The dial-in numbers are (800) 579-2543 for domestic callers and (785) 424-1699 for international callers. Please use participant passcode ABRQ324 when prompted by the operator.

    A telephonic replay of the call will be available until November 8, 2024. The replay dial-in numbers are (800) 839-5493 for domestic callers and (402) 220-2552 for international callers.

    About Arbor Realty Trust, Inc.

    Arbor Realty Trust, Inc. (NYSE: ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other diverse commercial real estate assets. Headquartered in New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a leading Fannie Mae DUS® lender, Freddie Mac Optigo® Seller/Servicer, and an approved FHA Multifamily Accelerated Processing (MAP) lender. Arbor’s product platform also includes bridge, CMBS, mezzanine, and preferred equity loans. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality, and customized solutions with an unparalleled dedication to providing our clients excellence over the entire life of a loan.

    Contact:
    Arbor Realty Trust, Inc.
    Paul Elenio, Chief Financial Officer
    516-506-4422
    pelenio@arbor.com

    The MIL Network –

  • MIL-OSI: Bold Eagle Acquisition Corp., Led by Eagle Equity Partners’ Harry Sloan, Jeff Sagansky and Eli Baker, Announces Completion of $250 million IPO

    Source: GlobeNewswire (MIL-OSI)

    Bold Eagle Features a Warrantless Structure

    Each Unit Includes One Class A Ordinary Share and One Eagle Share Right to Receive 1/20th of a Class A Ordinary Share

    Sponsor to Reduce Founder Shares in an Amount Equal to the Shares Underlying the Eagle Share Rights

    NEW YORK, NY, Oct. 25, 2024 (GLOBE NEWSWIRE) —  Bold Eagle Acquisition Corp. (the “Company”), the ninth public acquisition vehicle sponsored by Eagle Equity Partners, which is led by Harry Sloan, Jeff Sagansky and Eli Baker, today announced the closing of its initial public offering of 25,000,000 units, at a price of $10.00 per unit. Each unit consists of one Class A ordinary share and one Eagle Share Right to receive one twentieth of one Class A ordinary share upon the consummation of an initial business combination. There are no warrants issued publicly or privately in connection with this offering and, after the expiration of the underwriters’ over-allotment option, the Company’s sponsor will reduce its founder shares in an amount equal to the Class A ordinary shares underlying the Eagle Share Rights. An amount equal to $10.00 per unit has been deposited into a trust account. The units are listed on the Nasdaq Global Market (“Nasdaq”) and trade under the ticker symbol “BEAGU” as of October 24, 2024. After the securities comprising the units begin separate trading, the Class A ordinary shares and Eagle Share Rights are expected to be listed on Nasdaq under the symbols “BEAG” and “BEAGR,” respectively.

    Bold Eagle Acquisition Corp. is a blank check company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company’s efforts to identify a prospective initial business combination target will not be limited to a particular industry, sector or geographic region. While the Company may pursue an initial business combination opportunity in any industry or sector, it intends to capitalize on the ability of its management team to identify and combine with a business or businesses that can benefit from its management team’s established global relationships and operating experience.

    The Company’s sponsor is Eagle Equity Partners IV, LLC, of which Harry Sloan, Jeff Sagansky and Eli Baker are Managing Members. Harry Sloan and Jeff Sagansky are the Co-Chairmen of the Company. Joining Mr. Sloan and Mr. Sagansky in the management of the Company is Eli Baker, the Chief Executive Officer, who has served in various capacities in seven of Eagle Equity’s prior public acquisition vehicles, most recently as Chief Executive Officer of Screaming Eagle Acquisition Corp. Also joining Mr. Sloan, Mr. Sagansky and Mr. Baker in the management of the Company is Ryan O’Connor, the Chief Financial Officer, who previously served as the Vice President of Finance of Screaming Eagle Acquisition Corp.

    UBS Investment Bank and Jefferies are acting as the representatives of the underwriters for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,750,000 units at the initial public offering price to cover over-allotments, if any.

    The offering was made only by means of a prospectus. Copies of the prospectus may be obtained from UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, by telephone at (888) 827-7275 or by email at ol-prospectusrequest@ubs.com or from Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone: 877-821-7388 or by email: Prospectus_Department@Jefferies.com. 

    A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on October 23, 2024. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction.

    Cautionary Note Concerning Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s search for an initial business combination. No assurance can be given that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement for the initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    # # #

    INVESTOR AND MEDIA CONTACT:

    Ryan O’Connor
    t. (424) 284-3519 
    e. roconnor@eaglesinvest.com

    The MIL Network –

  • MIL-OSI Economics: Germany pledges EUR 150,000 to help developing economies meet farm trade standards

    Source: World Trade Organization

    WTO Director-General Ngozi Okonjo-Iweala said: “Germany demonstrates once again its commitment to helping developing countries and LDCs maximize the benefits of trade by improving their ability to comply with SPS requirements. This contribution will allow them to participate more actively in global agricultural markets for the benefit of thousands of farmers.”

    Ambassador Heidecke said: “The STDF makes important contributions to help developing countries and LDCs implement SPS standards and tackle global challenges. The German Ministry for Food and Agriculture is therefore very pleased to be renewing its support to help the STDF carry out its projects.”

    Overall, Germany has donated CHF 10.6 million to the STDF since 2006 and CHF 38.5 million to the various WTO trust funds over almost 25 years.

    The STDF is a global multi-stakeholder partnership to facilitate safe and inclusive trade, established by the Food and Agriculture Organization (FAO) of the United Nations, the World Organisation for Animal Health (OIE), the World Bank Group, the World Health Organization (WHO) and the WTO, which houses and manages the partnership. The STDF responds to evolving needs, drives inclusive trade and contributes to sustainable economic growth, food security and poverty reduction, in support of the United Nations Sustainable Development Goals.

    Share

    MIL OSI Economics –

  • MIL-OSI USA: Rep. Barragán Secured $36.5 Million for Zero-Emission Rail In California

    Source: United States House of Representatives – Representative Nanette Diaz Barragán (CA-44)

    FOR IMMEDIATE RELEASE                                     

    October 25, 2024

    Contact: Kevin McGuire, 202-538-2386 (mobile)

    Kevin.McGuire@mail.house.gov

    Washington D.C. –  Today, Congresswoman Nanette Barragán (CA-44) announced the California Air Resources Board (CARB) has been awarded a $36.5 million grant from the U.S. Department of Transportation to replace 10 diesel locomotives with nine zero-emission, battery-electric locomotives and one hydrogen fuel cell locomotive. Congresswoman Barragán urged Federal Rail Administrator Amit Bose to fund this project through the Department’s Consolidated Rail Infrastructure and Safety Improvements Program earlier this year in a letter to the administrator.

    “We all know rail has a critical role in moving goods through our ports and limit the number of drayage trucks on our highways.  However, it is also a major source of the air and noise pollution that causes significant harm to frontline communities like Wilmington and Long Beach,” said Rep. Barragán. “I applaud CARB, as well as PHL and the other industry partners for their leadership as early investors in this zero-emission locomotive technology.  They have responded to the calls of frontline residents and Members of Congress to reduce their pollution and expedite the transition of a rail zero-emission future. The health of our communities is worth every dollar of this investment.”

    Five of the new locomotives will be operated by Pacific Harbor Line (PHL) and used in and near the ports of Los Angeles and Long Beach.  This will build on PHL’s successful pilot demonstration of a battery-electric switcher locomotive in the San Pedro Bay Ports Complex.

    This federal investment will significantly benefit the health and quality of lie of frontline communities that have been disproportionately harmed by railroad pollution for decades.  In total, the project is estimated to eliminate 28.5 tons of smog-forming nitrogen oxide and 590 metric tons of carbon dioxide annually.

    # # #

    Congressmember Nanette Barragán represents California’s 44th District.  She sits on the House Energy and Commerce Committee and works on environmental justice and healthcare issues.  She is also Chair of the Congressional Hispanic Caucus (CHC).

    MIL OSI USA News –

  • MIL-OSI USA: Administrator Samantha Power Meets with UK Minister of State for Development Anneliese Dodds

    Source: USAID

    The below is attributable to Spokesperson Benjamin Suarato:‎

    Today, Administrator Samantha Power met with Anneliese Dodds, the United Kingdom’s Minister of State for Development and Minister of State for Women and Equalities. They discussed dire humanitarian needs in Gaza, Ukraine, and Sudan, and the important role the long-standing partnership between the United States and the United Kingdom can play in addressing these crises and a range of development challenges. 

    Administrator Power and Minister Dodds underscored the shared commitment of the United States and the United Kingdom to work together and find new areas of partnership, including on multilateral development bank reform and efforts to address lead poisoning.

    MIL OSI USA News –

  • MIL-OSI USA: Deputy Administrator Isobel Coleman Meets with with Ukraine Minister of Finance Sergii Marchenko

    Source: USAID

    The below is attributable to Deputy Spokesperson Shejal Pulivarti:‎

    Today, Deputy Administrator Isobel Coleman met with Ukrainian Finance Minister Sergii Marchenko to reaffirm USAID’s commitment to helping Ukraine meet its urgent financing needs, including through the G7 loans announced this week. 

    Deputy Administrator Coleman and Minister Marchenko discussed the importance of continued reforms to improve Ukraine’s business climate, which are crucial for investment and long-term economic recovery. They also underscored their shared commitment to Ukraine’s transparency, customs reform, macroeconomic stability, and recovery efforts.

    MIL OSI USA News –

  • MIL-OSI USA: Joint Statement by FBI and CISA on PRC Activity Targeting Telecommunications

    News In Brief – Source: US Computer Emergency Readiness Team

    WASHINGTON: The U.S. Government is investigating the unauthorized access to commercial telecommunications infrastructure by actors affiliated with the People’s Republic of China. 

     After the FBI identified specific malicious activity targeting the sector, the FBI and the Cybersecurity and Infrastructure Security Agency (CISA) immediately notified affected companies, rendered technical assistance, and rapidly shared information to assist other potential victims. The investigation is ongoing, and we encourage any organization that believes it might be a victim to engage its local FBI field office or CISA. 

     Agencies across the U.S. Government are collaborating to aggressively mitigate this threat and are coordinating with our industry partners to strengthen cyber defenses across the commercial communications sector.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Update: Do Not Use BioZorb Marker Implantable Radiographic Marker Devices: FDA Safety Communication

    Source: US Food and Drug Administration

    Español 简体中文 (Simplified Chinese) Tagalog

    Date Issued: October 25, 2024

    The U.S. Food and Drug Administration (FDA) is alerting consumers, health care providers and health care facilities not to use BioZorb Markers and BioZorb LP Markers (hereafter referred to simply as BioZorb Markers) by Hologic Inc.

    On October 25, 2024, Hologic announced a voluntary recall for removal of all lots of unused BioZorb Markers. The recall is due to reports of serious adverse events occurring in patients who had the devices implanted in breast tissue.

    The FDA is issuing this communication to help ensure you are aware of the manufacturer’s most recent recall notice and the recommended actions.

    Recommendations for Patients with a BioZorb Marker and their Caregivers

    • If you experience any adverse events with your BioZorb Marker, please contact your health care provider.
    • There is no need to have the device removed from your body (explanted) unless advised by your health care provider.
    • If your provider is planning radiation therapy treatments, discuss the possible risks with your provider. The FDA has not cleared or approved the use of BioZorb Marker as a marker for radiation treatment.
    • Report any problems or complications with your BioZorb Marker to the FDA.

    Recommendations for Health Care Providers and Facilities

    • Do not implant BioZorb Markers.
    • Quarantine and return all lots of unused BioZorb Markers to Hologic.
    • Review and discuss the Recommendations for Patients above with your patients who have a BioZorb Marker.
    • Be aware of reports of serious adverse events following the placement of BioZorb Marker devices in breast tissue.
    • Continue to monitor patients who have an implanted BioZorb Marker for signs of any adverse events.
    • Be aware the FDA has not cleared or approved the use of BioZorb Markers to fill space in the tissue or to improve cosmetic outcomes after procedures, or as a marker for radiation treatment.
    • Report any problems or complications your patients experience following the placement of BioZorb Marker devices to the FDA.

    Device Description

    BioZorb Markers are implantable devices used in soft tissue sites, including breast tissue. BioZorb Markers have two parts: a plastic component that is intended to be dissolved completely in the patient’s body in one year or longer, and a titanium metal component that is permanent.

    The BioZorb Marker is indicated for radiographic marking of sites in soft tissue. In addition, the BioZorb Marker is indicated in situations where the soft tissue site needs to be marked for future medical procedures.

    The BioZorb Marker is not indicated to improve cosmetic outcomes after procedures, fill space in the tissue, or to be a marker for radiation treatment.

    Risks Associated with BioZorb Marker in Breast Tissue

    Reported complications and adverse events with BioZorb Marker that include serious injuries are:

    • Pain
    • Infection
    • Rash
    • Device migration (moving out of position)
    • Device erosion (breaking through the skin)
    • Seroma (fluid buildup)
    • Discomfort
    • Other complications from feeling the device in the breast

    In some instances, additional medical treatment, including having the device removed from the body (explantation), was needed.

    FDA Actions

    The FDA will continue to work with Hologic to monitor reports of problems with BioZorb Markers, including issues that may develop over time.

    The FDA will continue to keep the public informed if significant new information becomes available.

    Unique Device Identifier

    The unique device identifier (UDI) helps identify individual medical devices sold in the United States from manufacturing through distribution to patient use. The UDI allows for more accurate reporting, reviewing, and analyzing of adverse event reports so that devices can be identified, and problems potentially corrected more quickly.

    You can find the UDI provided by Hologic, Inc. for BioZorb Marker and BioZorb LP Marker devices by checking the table below.

    Version or Model Device Brand Name Device Description Device Identifier (DI) Number
    F0405 BioZorb Bioadsorbable Marker BioZorb Marker 4cm x 5cm 15420045514065
    F0404 BioZorb Bioadsorbable Marker BioZorb Marker 4cm x 4cm 15420045514058
    F0304 BioZorb Bioadsorbable Marker BioZorb Marker 3cm x 4cm 15420045514010
    F0303 BioZorb Bioadsorbable Marker BioZorb Marker 3cm x 3cm 15420045514003
    F0203 BioZorb Bioadsorbable Marker BioZorb Marker 2cm x 3cm 15420045513990
    F0202 BioZorb Bioadsorbable Marker BioZorb Marker 2cm x 2cm 15420045513983
    F0331 BioZorb LP Bioadsorbable Marker BioZorb Marker 1cm x 3cm x 3cm 15420045514041
    F0231 BioZorb LP Bioadsorbable Marker BioZorb Marker 1cm x 3cm x 2cm 15420045514034
    F0221 BioZorb LP Bioadsorbable Marker BioZorb Marker 1cm x 3cm x 2cm 15420045514027

    Reporting Problems with Your Device

    If you think you had a problem with your device, the FDA encourages you to report the problem through the MedWatch Voluntary Reporting Form.

    Health care personnel employed by facilities that are subject to the FDA’s user facility reporting requirements should follow the reporting procedures established by their facilities.

    Questions?

    If you have questions,

    MIL OSI USA News –

  • MIL-OSI USA: Assistive Arm Correction: Kinova Issues Correction for Jaco Assistive Robotic Arm due to Fire Hazard and Burn Risk

    Source: US Food and Drug Administration

    This recall involves correcting devices and does not involve removing them from where they are used or sold. The FDA has identified this recall as the most serious type. This device may cause serious injury or death if you continue to use it without correction.  

    Affected Product

    • Product Names: Jaco Assistive Robotic Arm 
    • Models: 
      • PJ 0000 0001
      • PJ 0000 0012
      • PJ 0090 0001
      • PJ 0090 0006
      • KR MJ2 0001 
    • Lot/Serial Numbers: All lots   

    What to Do

    • Inspect the Jaco Arm for missing parts or scratches, chips, cracks, nicks, or other visible damage to the outer coating of the arm. 
    • Unplug the Jaco arm from the power source if the wheelchair is in contact with a damaged part of the Jaco arm at any time during use. 
    • Contact Kinova Customer Service as soon as possible to have the wheelchair and arm installation assessed for this issue and for assistance with protective pad installation.

    On August 19, 2024, Kinova sent all affected customers an Urgent Medical Device Correction recommending the following actions: 

    For users

    • Contact Kinova Customer Service as soon as possible to arrange for an assessment by phone at 514-277-3777 ext. 2 or by email at support@kinova.ca.
    • Unplug the Jaco arm immediately if the wheelchair is in contact with a damaged part of the Jaco arm in any position at any time.
    • Read the updated user guide found on Kinova’s website.
      • Kinova will send a printed copy of this updated user guide to every user in September 2024.
    • Return the acknowledgement and receipt form attached to the letter and return by email to support@kinova.ca or by mail to: Kinova Customer Service, 4333 de la Grande Allee Boul., Boisbriand, Quebec, Canada J7H 1M7.

    For distributors

    • Share the Urgent Medical Device Correction notice with all Jaco arm users. 
    • Confirm to Kinova that the User Correction Notice was sent to all users.
    • Keep a detailed list of users, when they were contacted, and when they responded. 
      • Make three attempts using two different communication methods to contact users.
    • Provide user contact details (name, phone, email, address) to Kinova. This information will be used only to complete the field corrective action. 
    • Complete a video or in-person assessment for each user who responded to the notice to identify and mitigate the risk that electrical current could flow through the outer coating of the Jaco arm. Kinova will provide remote support for conducting these assessments and review the user and installation guides during each user’s assessment which will include: 
      • Assessing the robotic arm’s installation.
      • Reviewing the robotic arm for damage.
      • Assessing wheelchair integrity based on updated installation requirements.
    • Implement mitigations (i.e. protective pads) to minimize contact between the Jaco arm and other metallic parts and ensure that updated warnings and requirements are acknowledged.

    Reason for Correction

    Kinova is correcting the Jaco assistive robotic arm due to an increased fire hazard if the outer coating of the arm has any damage and makes contact with an electrically powered wheelchair that has electrical leakage from modifications, damage, or malfunction.

    The use of affected product may cause serious adverse health consequences, including burns, other thermal injuries, and death.

    There have been no reported injuries and no reports of death.

    Device Use

    The Jaco assistive robotic arm is intended for use by people who have lost most or all functionality of their arms. The arm replaces the function of one arm on a single side of the body by allowing the user to reach, move, and manipulate objects. It is designed to be installed on a motorized wheelchair and is controlled through the wheelchair’s drive control. 

    Contact Information

    Customers in the U.S. with questions about this recall should contact Kinova Customer Service at 514-277-3777 ext. 2 or by email at support@kinova.ca. 

    Additional FDA Resources

    Unique Device Identifier (UDI)

    The unique device identifier (UDI) helps identify individual medical devices sold in the United States from manufacturing through distribution to patient use. The UDI allows for more accurate reporting, reviewing, and analyzing of adverse event reports so that devices can be identified, and problems potentially corrected more quickly.

    How do I report a problem?

    Health care professionals and consumers may report adverse reactions or quality problems they experienced using these devices to MedWatch: The FDA Safety Information and Adverse Event Reporting Program.

    MIL OSI USA News –

  • MIL-OSI USA: Hologic, Inc. Recalls BioZorb Marker Due to Complications with Implanted Devices

    Source: US Food and Drug Administration

    Please be aware, the recall initiated in March 2024 is a correction, not a product removal.

    The FDA has identified the recall initiated in March 2024 as a Class I recall, the most serious type of recall. Use of these devices may cause serious injuries or death.

    The recall initiated in October 2024 is a removal of all lots of unused BioZorb Markers.

    Recalled Product

    • Product Names: BioZorb Marker
    • Product Codes: NEU
    • Model Numbers:
      • F0405 BioZorb Marker 4cm x 5cm
      • F0404 BioZorb Marker 4cm x 4cm
      • F0331 BioZorb Marker 1cm x 3cm x 3cm
      • F0231 BioZorb Marker 1cm x 3cm x 2cm
      • F0221 BioZorb Marker 1cm x 3cm x 2cm
      • F0304 BioZorb Marker 3cm x 4cm
      • F0303 BioZorb Marker 3cm x 3cm
      • F0203 BioZorb Marker 2cm x 3cm
      • F0202 BioZorb Marker 2cm x 2cm
    • Distribution Dates: April 29, 2019 to April 1, 2024
    • Devices Recalled in the U.S.: 53,492
    • Date Initiated by Firm: March 13, 2024

    Device Use

    The BioZorb Marker made by Hologic (previously Focal Therapeutics), is an implantable radiographic marker used to mark soft tissue (such as breast tissue) for future medical procedures, such as radiation. Device has two components: a permanent component which is made of titanium metal and a resorbable component which is made of a plastic material that resorbes over time. It’s provided sterile, meant for one-time use.

    Reason for Recall

    Hologic, Inc. is recalling Biozorb Marker due to complications and adverse events reported with implanted devices. Complaints included reports of pain, infection, rash, device migration, device erosion, seroma, discomfort, or other complications from feeling the device in the breast, and the need for additional medical treatment to remove the device.

    There have been 71 reported injuries and no reports of death.

    Who May be Affected

    • People who were implanted with the BioZorb marker device.
    • People who receive radiation guided by the BioZorb marker which may have migrated.
    • People who receive systemic cancer treatments as treatments may be delayed due to complications with BioZorb Marker.
    • Radiologist, surgeons, oncologists and other health care providers who use BioZorb Marker for treatment of their patients.

    What to Do

    On March 13, 2024, Hologic, Inc. sent all affected customers an Important Medical Device Safety Notification.

    The letter requested patients to:

    • Contact their health care provider if they experience any adverse events following the placement of a BioZorb Marker.
    • Discuss the benefits and possible risks of implantable breast tissue markers for breast cancer procedures with their health care provider.
    • Report any problems or complications experienced following the placement of BioZorb Marker devices to Hologic at breasthealth.support@hologic.com and to the FDA’s MedWatch Adverse Event Reporting program.
    • Discuss the benefits and possible risks of implantable breast tissue markers for breast cancer procedures with their health care provider.

    The letter requested health care providers to:

    • Be aware of reports of serious adverse events following the placement of the BioZorb Marker devices in breast tissue.
    • Discuss the benefits and possible risks of BioZorb Marker devices with each patient.
    • Inform all patients on which device will be used if a marking device will be used during breast conservation surgery.
    • Continue to monitor patients who have an implanted BioZorb Marker for signs of any adverse events.
    • Report any problems or complications experienced by patients following placement of the BioZorb Marker devices to Hologic

    Contact Information

    Customers in the U.S. with questions about this recall should contact Hologic, Inc. at breasthealth.support@hologic.com.

    Additional Resources:

    How do I report a problem?

    Health care professionals and consumers may report adverse reactions or quality problems they experienced using these devices to MedWatch: The FDA Safety Information and Adverse Event Reporting Program using an online form, regular mail, or FAX.

    MIL OSI USA News –

  • MIL-OSI USA: ICYMI: Governor Katie Hobbs Follows Through on Promise to Secure Arizona’s Water Future

    Source: US State of Arizona

    Hobbs Takes Action to Shut Down Bad Actor Developers, Protect Groundwater

    Phoenix, AZ – In case you missed it, Governor Katie Hobbs took major action this week to secure Arizona’s water future. On Monday, the Arizona Department of Real Estate issued cease-and-desist orders to a developer attempting to skirt water supply laws to make a profit off illegally pumping Arizona groundwater. Then on Wednesday, ADWR took the first steps towards the creation of a Willcox basin AMA. 

    Here’s what they’re saying:

    Ed Curry, Willcox basin farmer: “This announcement of a potential AMA is a new beginning for the Willcox Basin, and we must continue to work together to move forward to protect our groundwater supplies. I am thankful for the courage of Governor Hobbs and her administration to tackle these issues head on.”

    Mike Laws, Mayor of Willcox: “Our community is facing difficult decisions as Arizona moves forward with an Active Management Area for the Willcox Basin. While there are a range of views on the AMA, the urgency of addressing our water challenges cannot be overstated. Governor Hobbs has demonstrated a strong commitment to protecting Arizona’s water resources, and with no legislative solutions in place, the Governor and Arizona Department of Water Resources have acted with the tools available to them.”

    Steve Kisiel, Willcox Basin homeowner: “Today’s announcement by ADWR to initiate the AMA designation process gives me hope that we will finally have a secure water future here in the Willcox Basin.”

    Mark Jove, WIllcox Basin winegrower: “We support and welcome this step taken towards protecting our water supplies. As a small business vineyard in the Willcox groundwater basin we’ve experienced firsthand the alarming declines in our local water levels due to decades of unchecked, unlimited groundwater pumping. An AMA designation would finally put us on a path to stabilizing this precious and shared resource to safeguard local growers and business owners.”

    Cochise Groundwater Stewards: “For years, we’ve pleaded for groundwater management that protects our property, our families, and our economy. Legislators from both parties have introduced workable bills throughout the last five years – none received a hearing. With the Legislature apparently abandoning us in rural Arizona, it’s time for ADWR to designate a new AMA here. Finally, we are being heard.” 

    MORE BELOW:

    Arizona Republic: AZ regulators issue cease-and-desist for developer they say is building ‘wildcat’ subdivisions

    • State officials allege two limited liability corporations owned by Andrei Polukhtin, 2PHDS and Morning Vista Homes, are building so-called “wildcat” subdivisions via unregulated lot splits in Rio Verde Foothills. That neighborhood made national news last year when it lost its primary water supply.

    • Some areas of the state heavily reliant on groundwater, including most of Maricopa County, are designated as active management areas. There, property owners generally must show real estate regulators proof of legal rights to a 100-year supply of water before selling parcels for larger developments.

    • The action signals growing interest in upholding water and development requirements by state regulators. Democratic Gov. Katie Hobbs directed the Arizona Department of Real Estate last year to take increased action to prevent wildcat developments from popping up around the state.

    KJZZ: Hobbs administration to Rio Verde Foothills developer: Cease and desist amid water concerns

    • Arizona Gov. Katie Hobbs’ administration says it has sent a cease and desist letter to a developer trying to get around water regulations in the unincorporated community of Rio Verde Foothills.

    • Hundreds of homes in Rio Verde Foothills were cut off from their water supply in 2023 due to drought restrictions in neighboring Scottsdale. The state Legislature had to step in to negotiate a temporary fix for the community.

    • Hobbs said she still wants the legislature to take action to close the wildcat subdivision loophole.

    Arizona Daily Star: Arizona takes major step toward regulating groundwater pumping in Willcox area

    • The Arizona Department of Water Resources said Wednesday it’s taking the first steps to usher in groundwater pumping regulation in the Willcox Basin, whose aquifer has dramatically declined due to unregulated pumping by farmers.

    • A group calling itself Cochise Water Stewards said Wednesday that “enough is enough” after a decade-long wait for solutions to Willcox’s collapsing aquifer.

    • Vance Williams, a resident of the Sunizona area southeast of Willcox, said, “I am grateful that ADWR has finally decided to take the first step toward establishing an AMA to protect the groundwater in the Willcox basin. I just wish it had happened sooner as my well in Sunizona went dry in 2020 and I have heard from many other neighbors across the basin whose wells have gone dry.”

    • “The AMA will stop any new large agricultural operations from moving into our area while also putting a halt to expansion of existing irrigation,” Williams said. “I am hopeful that the AMA will also reduce current pumping levels, a necessary step needed to save our aquifer. Thank you to Governor Hobbs and her staff for working to protect the groundwater in the Willcox Basin.”

    Arizona Agenda: Hobbs makes her move

    • Yesterday morning, group chats and inboxes were buzzing in Southeast Arizona: Gov. Katie Hobbs and the Arizona Department of Water Resources have begun the process of designating the Willcox Basin as an “Active Management Area,” which will limit groundwater pumping in the area.

    • And it would be a historical milestone as the first state-initiated “subsequent AMA” in Arizona, highlighting Hobbs’ role as the first governor to push the ADWR to take rural groundwater management seriously.

    • Besides being a strong political move by Hobbs, an AMA designation will “stop the bleeding” in the Willcox Basin while the Legislature continues its policy battles.

    • And now that Hobbs has proven willing to put AMAs in place, legislative stalemate tactics will no longer be an option for her policy opponents. They’ll have to come up with statutory amendments or AMA alternatives that actually pass through the Legislature and survive Hobbs’ veto pen.

     

    MIL OSI USA News –

  • MIL-OSI USA: Attorney General Bonta Secures Felony Conviction of Sirron Croskey for Armed Robbery, Reckless Evading, and Possession of a Loaded Firearm in Public

    Source: US State of California

    Friday, October 25, 2024

    Contact: (916) 210-6000, agpressoffice@doj.ca.gov

    OAKLAND – California Attorney General Rob Bonta today announced the felony conviction of Sirron Croskey for armed robbery, reckless evading, and possession of a loaded firearm in public. Croskey carried out multiple robberies across Contra Costa, Alameda, Santa Clara, and Napa counties, targeting victims in casino parking lots while brandishing a loaded, unregistered firearm to facilitate the crimes. After committing his final robbery in Napa County, Croskey attempted to evade law enforcement by engaging in a high-speed chase with deputies from the Contra Costa Sheriff’s Office. He ultimately left behind the vehicle and the firearm that had been utilized in all the robberies and fled on foot. 

    “Californians deserve to live their lives free from the shadow of violence,” said Attorney General Bonta. “I am immensely proud of my team for their unwavering commitment to justice and for ensuring that those who violate the law are held responsible. When we work together, we get results that create a safer and more secure California for everyone.”

    Croskey pled guilty to one felony count of Reckless Evading, one felony count of Carrying a Loaded Unregistered Firearm in Public, two felony counts of Second-Degree Robbery, and admitted two enhancements for Personal Use of a Firearm. He was sentenced on October 23, 2024 in Contra Costa Superior Court to 9 years, 8 months in State Prison and was ordered to pay restitution in the amount of $9,855 to seven different victims.

    The investigation was conducted by the Contra Costa Sheriff’s Office, the American Canyon Police Department, the Livermore Police Department, the San Jose Police Department and the Department of Justice’s Bureau of Gambling Control. The DOJ’s Special Prosecution Section handled the prosecution of this case. 

    DOJ’s Special Prosecution Section investigates and prosecutes complex criminal cases occurring in California, including fraud, public corruption, “underground economy” crimes, human and labor trafficking, fentanyl trafficking, and organized retail theft. 

    A copy of the criminal complaint can be found here.

    # # #

    MIL OSI USA News –

  • MIL-OSI Security: Greenfield — Update: Missing man located deceased

    Source: Royal Canadian Mounted Police

    October 25, 2024, Greenfield, Nova Scotia… The 78-year-old man who was reported missing from Port Hawkesbury on October 3, 2023, has been located deceased.

    His remains were found by a hunter in a wooded area in Greenfield, close to where his abandoned vehicle was parked.

    The death is not believed to be suspicious in nature; however, the investigation is ongoing.

    Our thoughts are with the man’s loved ones at this difficult time.

    File #: 2023-1472245

    -30-

    Contact:

    Sgt. Deepak PRASAD

    Public Information Officer
    Nova Scotia RCMP
    rcmpns-grcne@rcmp-grc.gc.ca

    MIL Security OSI –

  • MIL-OSI: Credicorp Ltd.: Credicorp’s Earnings Release and Conference Call 3Q24

    Source: GlobeNewswire (MIL-OSI)

    Lima, Oct. 25, 2024 (GLOBE NEWSWIRE) — Lima, PERU, October 25th, 2024 – Credicorp Ltd. announces to its shareholders and the market that its 3Q24 Earnings Release Report will be released on Thursday, November 7th, 2024, after market close.

    Credicorp’s Webcast / Conference Call to discuss such results; will be held on Friday, November 8th, 2024, at 9:30 a.m. ET (9:30 a.m. Lima, Peru time).

    The call will be hosted by:
    Gianfranco Ferrari – Chief Executive Officer, – Alejandro Perez Reyes – Chief Financial Officer, Francesca Raffo – Chief Innovation Officer, Cesar Rios – Chief Risk Officer, Diego Cavero – Head of Universal Banking, Cesar Rivera – Head of Insurance and Pensions, Carlos Sotelo – Mibanco CFO and Investor Relations Team.

    We encourage participants to pre-register for the listen-only webcast presentation using the following link:
    https://dpregister.com/DiamondPassRegistration/register?confirmationNumber=10193845&linkSecurityString=fdcb54848f

    Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time.

    Those unable to pre-register may dial in by calling:
    Participant dial-in (toll-free): 1 844 435 0321
    Participant international dial-in: 1 412 317 5615
    Participant Web Phone: Click Here
    Conference ID: Credicorp Conference Call

    The webcast will be archived for one year on our investor relations website at:
    https://credicorp.gcs-web.com/events-and-presentations/upcoming-events

    Credicorp reminds you that we filed our Annual Report on Form 20-F for the fiscal year ended December 31st, 2023 (2023 Form 20-F) with the Securities and Exchange Commission on April 24th, 2024. The 2023 Form 20-F includes audited consolidated financial statements of Credicorp and its subsidiaries as of December 31st, 2021,2022 and 2023 under IFRS. Our 2023 Form 20-F can be downloaded from Credicorp’s website: https://credicorp.gcs-web.com/annual-materials. Holders of Credicorp’s securities and any other interested parties may request a hard copy of our 2023 Form 20-F, free of charge, by filling out the form located on the link “mail request” on Credicorp’s website.

    About Credicorp

    Credicorp Ltd. (NYSE: BAP) is the leading financial services holding company in Peru with presence in Chile, Colombia and Bolivia. Credicorp has a diversified business portfolio organized into four lines of business: Universal Banking, through Banco de Credito del Peru – BCP and Banco de Credito de Bolivia; Microfinance, through Mibanco in Peru and Colombia; Insurance & Pension Funds, through Grupo Pacifico and Prima AFP; and Investment Management & Advisory, through Credicorp Capital, Wealth Management at BCP and Atlantic Security Bank.

    For further information please contact the IR team:

    investorrelations@credicorpperu.com

    Investor Relations
    Credicorp Ltd.

    Attachment

    The MIL Network –

  • MIL-OSI Security: Colorado man convicted of attempting to entice a minor to engage in illegal sexual activity

    Source: Office of United States Attorneys

    Gabriel Estrada, 30, of Denver, Colorado, was convicted by a federal jury for attempting to entice a minor to engage in illegal sexual activity. The four-day trial was held before U.S. District Court Judge Alan B. Johnson.

    According to trial evidence, Estrada used a chat app to meet up with a 13-year-old persona for sexual intercourse. An undercover agent posed as a 13-year-old female, living in Laramie, Wyoming. Estrada messaged the 13-year-old persona asking if she would have sex with him. He went on to ask the 13-year-old persona if she had any friends that would like to join them in the sexual encounter and asked about her sexual experience. Estrada then drove the two hours from his home to Laramie after confirming the minor would engage in other sexual acts with him. Estrada arrived at the location, along with other physical evidence indicative of his intent to engage in sexual acts with the minor and an iPhone. The iPhone contained the text messages to the 13-year-old persona. Estrada testified that he made the decision to drive from his apartment in Denver to Laramie, even after the minor told him her age. Estrada said he did not believe she was actually 13.

    Sentencing has been set for Jan. 13, 2025. Estrada faces 10 years to life imprisonment, up to a $250,000 fine, five years to life supervised release and a $100 special assessment. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors in both cases.

    This crime was investigated by the Laramie Police Department and Federal Bureau of Investigation and the case was prosecuted by Assistant U.S. Attorney Z. Seth Griswold.

    Case No. CR-24-00033

    MIL Security OSI –

  • MIL-OSI USA: ICYMI: Ernst Exposes Kamala Harris’ Empty Promises to Small Businesses

    US Senate News:

    Source: United States Senator Joni Ernst (R-IA)
    WASHINGTON – In case you missed it, National Review broke down a new report commissioned by U.S. Senator Joni Ernst (R-Iowa), the top Republican on the Senate Small Business and Entrepreneurship Committee, exposing Kamala Harris’ empty promises and radical agenda that has hurt American small businesses.
    In the report, Senator Ernst conducts a deep dive of the troubling trend of small businesses getting squeezed out of the federal marketplace, despite Kamala Harris’ claims otherwise.
    In August, Senator Ernst hosted an entrepreneur expo to bring hundreds of Iowa small business owners together to hear from speakers, join breakout sessions with federal agencies, and get small businesses back in the federal contracting game.
    Kamala Harris Hasn’t Delivered on Her Promises to Small Businesses, GOP Senate Report Claims
    By: Haley Strack
    Kamala Harris’s campaign promises to small businesses are more fiction than reality, according to a new report by the Senate Small Business and Entrepreneurship Committee.
    Commissioned by ranking member Senator Joni Ernst (R., Iowa), the report compares Harris’s campaign aspirations for small businesses with the work she’s done in the past three and a half years as vice president.
    Although Harris’s website says that she will “increase the share of federal contract dollars going to small businesses,” since Harris has been vice president, the number of small businesses contracting with the federal government has steadily decreased. In 2020, the number was 94,044; in 2021, it was 88,790; in 2022, it was 85,014; and in 2023, it was at its lowest, 84,053. The federal government has seen about a 50 percent decrease in its small-business vendors since 2008.
    “Despite declining engagement, the reported government dollars allocated to remaining small businesses is increasing,” the report says. “Since FY 2015, the U.S. Small Business Administration (SBA) has reported yearly increases in government-wide small business spending. These awards totaled $90.7 billion in FY 2015, $100 billion in FY 2016, $105.7 billion in FY 2017, $120.8 billion in FY 2018, $132.9 billion in FY 2019, $145.7 billion in FY 2020, $154.2 billion in FY 2021, $162.9 billion in FY 2022, and $178.6 billion to small businesses in FY 2023. This trend seems to indicate a willingness within the USG to award contracts to small businesses. In reality, it signals an unhealthy consolidation within the federal supplier base and an entrenchment of established contractors capturing a growing market share of overall small business dollars, to the detriment of new and emerging firms seeking to capture the same market share.’
    Harris plans to increase the deduction on start-up expenses, and has promised to secure 25 million new small business applications if she becomes president. But Harris’s expanse of government programs for small businesses isn’t enough to offset the harm inflation has imposed upon those businesses, the report suggests.
    “Kamala Harris claims to be a friend to mom-and-pop shops, but she has delivered nothing but price hikes and miles of red tape,” Ernst said. “She loves to talk about creating an opportunity economy, but the only opportunities are for those aligned with the Green New Deal agenda, including Chinese manufacturers. Unlike Kamala Harris, I have worked to enact real solutions to make life easier for job creators and expand opportunities for the heartland to contract with the federal government and reverse the troubling trend of small businesses getting squeezed out of the marketplace.”
    The Biden-Harris Small Business Administration announced in September that it would accept applications for Small Business Lending Company (SBLC) licenses and Community Advantage (CA) SBLC licenses, programs the administration said would prioritize “reducing climate change.”
    “The levers of government should never be used to pick winners and losers based on political priorities. Instead of wasting tax dollars on another Green New Deal program, the SBA needs to prioritize lowering costs for the millions of small businesses struggling from the Biden-Harris 20 percent inflation price hike,” Ernst said in a statement.
    Meanwhile, Ernst has proposed the Accountability and Clarity in Contracts to Engage Small Business Suppliers, which she says will make federal contracting opportunities accessible for small businesses, and “ensure the participation of a broad spectrum of small businesses across all industries.”

    MIL OSI USA News –

  • MIL-OSI USA: Capito Announces Grant Funding for Two West Virginia Railway Projects

    US Senate News:

    Source: United States Senator for West Virginia Shelley Moore Capito
    CHARLESTON, W.Va. — Today, U.S. Senator Shelley Moore Capito (R-W.Va.), a leader on both the Senate Appropriations and Commerce Committees, announced a two grant awards from the U.S. Department of Transportation’s (DOT) Consolidated Rail Infrastructure and Safety Improvements (CRISI) program for West Virginia railway updates.
    These grants, which were made possible through provisions included in the bipartisan Infrastructure Investment and Jobs Act (IIJA) that Senator Capito helped negotiate and craft, will provide funding for the reconstruction and rehabilitation of railroads, as well as bridge repairs and renovations.
    “Maintaining and ensuring safe railways is an important part of our state’s infrastructure, which is why I worked to increase this critical infrastructure grant program in the Infrastructure Investment and Jobs Act,” Senator Capito said. “These grants will provide critical funding to projects that aim to modernize our railways and bridges, ensuring we are prepared for the future. West Virginia continues to see the benefits of the Infrastructure Investment and Jobs Act with more economic growth and opportunities, and these grants are just another example.”
    Individual award details listed below:
    $22,796,000 IIJA CRISI grant funding to Winchester & Western Railroad Acquisition, LLC (Martinsburg, W.Va.) for final design and construction activities to rehabilitate segments of the Winchester & Western Railroad mainline in West Virginia and Maryland to eliminate all remaining legacy rail and old tie structure. The project will enhance safety, efficiency, and resiliency as the project will return the line to a state of good repair.
    $6,912,000 IIJA CRISI grant funding to Cathcart Rail, LLC for a project that will complete final design and construction activities to repair two bridges on the Belpre Industrial Parkersburg Railroad (BIP) in West Virginia and Ohio. Specifically, the project addresses structural deficiencies in the historic B&O Sixth Street Railroad Bridge that spans Parkersburg, W.Va. and Belpre, Ohio, including cross tie replacement, stringer/floor beam repair, bracing and timber replacement, and replacing stones under bearings.

    MIL OSI USA News –

  • MIL-OSI Video: National Guard honors National Day of the Deployed

    Source: US National Guard (video statements)

    Each year, on Oct. 26, the United States observes the National Day of the Deployed, which is dedicated to honoring all service members who have been deployed in service to our country and acknowledging the sacrifices their families make during these times. This year, as always, to honor and express our deepest gratitude to all the brave men and women of the National Guard who have answered the call of duty, as well as the families who support them. (Video by Master Sgt. Brandy Fowler)

    https://www.youtube.com/watch?v=ZF8FYT-bdDc

    MIL OSI Video –

  • MIL-OSI USA: Van Orden Sounds Alarm on Half of Wisconsin Federal Prison Inmate Population Being Illegal Aliens

    Source: United States House of Representatives – Congressman Derrick Van Orden (Wisconsin 3rd)

    WASHINGTON, D.C. – This week, Congressman Derrick Van Orden (WI-03) participated in a House Judiciary Committee field hearing in Milwaukee on the effects of the current southwest border crisis on Wisconsin residents and communities. 

    During the hearing, Congressman Van Orden questioned the witness panel on the Federal Correctional Institution Oxford holding 650 illegal aliens who committed felonies in the facility, which is over half of the facility’s housing capacity of 1,200. In a meeting with Oxford’s administrators a week prior to the hearing, Rep. Van Orden was informed that the cost to house a single inmate at Oxford is $42,000 per year, leading the facility to spend over $27 million per year on housing the illegal aliens alone in their custody. Federal law requires that illegal aliens who are convicted of felonies while residing in the U.S. must complete their sentence in the U.S. prison system before being deported.

    To watch Rep. Van Orden’s line of questioning during the hearing, click here or below.

    (watch)

    Rep. Van Orden addressing the Oxford Federal Prison illegal alien population with Republican Wisconsin Senator Ron Johnson: 

    Rep. Van Orden:

    “The criminal illegal alien that Congressman Tiffany referred to earlier made his way across the border with Venezuelan gang tattoos. Those are not a, “Live to Ride, Ride to Live” tattoo. That’s either: You’re a member of that gang and you have that tattoo, or they will cut it off you while you’re living, so that should have been taken for what it is at the border. This person never should have been allowed in the country, made his way to Minneapolis, arrested for crimes after the Dane County Sheriff had warrants out for strangulation and some other violent crimes, and didn’t bother following up with it because both those places are Sanctuary Cities. 

    “Then he came to a place a half mile away from where four of my grandchildren live and brutally raped a mother and assaulted a daughter over a period of days. This could have been stopped at any point, and solely because the Biden Administration is pushing an incredibly horrible political agenda, this is going to keep happening over and over and over again.

    “Senator Johnson, I found this out last week, and I want to know if you’re tracking. We went to the federal prison in Oxford in my district, and half of the prisoners are illegal aliens. Are you tracking the volume of what’s taking place? This is the second and third order effect of opening up these borders, but when half of an institution is occupied by illegal aliens, that’s something that I’m hoping we’re going to be looking at here under a Trump presidency. Are you tracking this, Sir?”

    Sen. Johnson:

    “I’m not, but it’s not surprising. It’s not just going to be federal prisons; it’s going to be local prisons and they’re going to be bearing the brunt of the cost of this. I think the House Committee said that the cost of dealing with this crisis is about $150 billion per year across all governmental units. That’s a massive cost imposed on us by the Biden-Harris administration, and that gang member never should have been let into this country. The vast majority of people are as sympathetic as I am with people who want to come here for opportunity but don’t qualify for asylum. There is a very tough standard. You have to be persecuted by your government or threatened with persecution. This open border is a setback in establishing a functioning legal immigration that is controlled and brings people in to improve our economy. I’m for a robust legal immigration system, and we need one. We certainly need one here in Wisconsin – certainly in your district with all the farmers. We need workers, we need laborers, and immigrant laborers do a great job. They come here, they work their tail off, but it has to be a legal system. You cannot establish that until you secure the border. So, Biden has set back establishing that legal system…” 

    Rep. Van Orden:

    “At one point, they had 17 to 20 some thousand rotating through Afghan refugees at Fort McCoy, which I represent. We went back and looked at every single Afghan that came here that was eligible for the Special Immigrant Visa, meaning they worked with the United States government during the war. Guess how many of those were qualified for SIV – zero…

    “The last thing we’re looking at is about 250,000 missing children the Biden administration has lost. The Biden administration, under the Harris Border Czar, is solely responsible for losing almost a quarter of a million children in the United States that are most likely being trafficked, knowing full well that they were releasing them into the hands of members of transnational criminal organizations and human sex traffickers.”

    MIL OSI USA News –

  • MIL-OSI USA: Welch, Blumenthal Call on Dept. of Justice to Investigate Elon Musk’s Cash Sweepstakes to Swing-State Voters

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)

    WASHINGTON, D.C. – U.S. Senator Peter Welch (D-Vt.), and U.S. Senator Richard Blumenthal (D-Conn.), members of the Senate Judiciary Committee, today wrote to U.S. Attorney General Merrick Garland asking the Department of Justice to investigate whether Elon Musk, through his political action committee America PAC, has violated federal campaign finance law by providing cash rewards to individuals in seven swing states if they sign a petition that requires them to be registered to vote.  
    Section 10307(c) of Title 52 of the U.S. Code states it is illegal if an individual “pays or offers to pay or accepts payment either for registration to vote or for voting.” Earlier this week, CNN reported the Department had warned Musk and his super PAC that his actions may be in violation of the law. 
    “Musk’s reward scheme appears to violate federal campaign finance law. It is explicitly designed to induce people to register to vote. Moreover, the Department of Justice’s own Election Crimes Manual states that a violation of federal campaign finance laws can occur when ‘cash’ or ‘lottery chances’ are ‘intended to induce or reward the voter for engaging in one or more acts necessary to cast a ballot,’” the lawmakers write.  
    “There is no place for vote buying in our democracy. As the Department has recognized, voting should never ‘degenerate into a spending contest, with the victor being the candidate who can pay the most voters’…” the lawmakers conclude.“…Permitting this scheme to proceed without consequences makes a mockery of democracy and the law. We urge you to investigate whether Elon Musk’s cash prizes are prohibited payments for voter registration and take appropriate enforcement action, including prosecution, if his actions prove to be illegal.” 
    Read the letter below and download it here: 
    Dear Attorney General Garland,
    As you know, Elon Musk has been providing cash rewards to voters in seven states if they sign a petition related to his political action committee—America PAC. Individuals must be a registered voter, or register to vote, to qualify for his financial giveaways, which include payments of $47, $100, and a $1 million daily lottery. Campaign finance law states it is illegal if anyone “pays or offers to pay…either for registration to vote or for voting.” 
    Musk’s reward scheme appears to violate federal campaign finance law. It is explicitly designed to induce people to register to vote. Moreover, the Department of Justice’s own Election Crimes Manual states that a violation of federal campaign finance laws can occur when “cash” or “lottery chances” are “intended to induce or reward the voter for engaging in one or more acts necessary to cast a ballot.” 
    There is no place for vote buying in our democracy. As the Department has recognized, voting should never “degenerate into a spending contest, with the victor being the candidate who can pay the most voters.” According to public reports, the Department warned America PAC this week that the petition lottery may be in violation of federal law. If so, permitting this scheme to proceed without consequences makes a mockery of democracy and the law. We urge you to investigate whether Elon Musk’s cash prizes are prohibited payments for voter registration and take appropriate enforcement action, including prosecution, if his actions prove to be illegal. 
    Sincerely, 
    Senator Peter Welch 
    Senator Richard Blumenthal 

    MIL OSI USA News –

  • MIL-OSI USA: SEC Adopts Rule Amendments and New Rule to Improve Risk Management and Resilience of Covered Clearing Agencies

    Source: Securities and Exchange Commission

    The Securities and Exchange Commission today adopted rule amendments and a new rule to improve the resilience and recovery and wind-down planning of covered clearing agencies. The rule amendments establish new requirements regarding a covered clearing agency’s collection of intraday margin as well as a covered clearing agency’s reliance on substantive inputs to its risk-based margin model. The new rule prescribes requirements for the contents of a covered clearing agency’s recovery and wind-down plan.

    “Recovery and wind-down planning enhances the resiliency and continuity of our market plumbing,” said SEC Chair Gary Gensler. “I’m pleased that today’s amendments will benefit investors, issuers, and the markets alike.”

    Specifically, regarding intraday margin collection, the rule amendments require that a covered clearing agency that provides central counterparty services has policies and procedures to establish a risk-based margin system that monitors intraday exposures on an ongoing basis, includes the authority and operational capacity to make intraday margin calls as frequently as circumstances warrant (including when risk thresholds specified by the covered clearing agency are breached or when the products cleared or markets served display elevated volatility), and documents when the covered clearing agency determines not to make an intraday call pursuant to its written policies and procedures.

    The rule amendments regarding substantive inputs require that a covered clearing agency that provides central counterparty services has policies and procedures to establish a risk-based margin system that uses reliable sources of substantive inputs, uses procedures to address circumstances in which substantive inputs are not readily available or reliable (to ensure that the covered clearing agency can continue to meet its credit exposures to its participants), and that such procedures must include either the use of price data or substantive inputs from an alternate source or a risk-based margin system that does not rely on substantive inputs that are unavailable or unreliable.  

    Existing rules require a covered clearing agency to have a recovery and wind-down plan, and the new rule requires such an entity to specify nine elements for its plan. The new rule’s required elements address: planning (e.g., the identification and use of scenarios, triggers, tools, staffing, and service providers); timing and implementation of the plans; and testing and board approval of the plans.

    The Commission is adopting two compliance dates: (1) 150 days after publication in the Federal Register for a covered clearing agency to file any required proposed rule changes or advance notices with the Commission; and (2) 390 days after publication in the Federal Register for such proposed rule changes and advance notices to be effective.

    MIL OSI USA News –

  • MIL-OSI USA: H.R. 8666, a bill to amend title 28, United States Code, to authorize holding court for the Central Division of Utah in Moab and Monticello

    Source: US Congressional Budget Office

    H.R. 8666 would authorize federal district courts in the Central Division of Utah to hold proceedings in the cities of Moab and Monticello. Under current law, those proceedings are held in the cities of Salt Lake, Provo, and St. George. 

    Using information from the Administrative Office of the U.S. Courts about current operating costs for the courts, CBO estimates that implementing the bill would cost less than $500,000 over the 2025-2029 period. Any related spending would be subject to the availability of appropriated funds.

    MIL OSI USA News –

  • MIL-OSI USA: H.R. 7177, a bill to amend title 28, United States Code, to consolidate certain divisions in the Northern District of Alabama

    Source: US Congressional Budget Office

    H.R. 7177 would codify the on-going consolidation of operations of federal district courts in the Northern District of Alabama by reducing the number of divisions within that district from seven to five. As a result of the changes, CBO expects that court proceedings would no longer be held in the cities of Decatur, Gadsden, and Jasper, and would instead be held in other cities within the district. 

    According to the Administrative Office of the U.S. Courts, court operations in Gadsden and Jasper have been transferred to other cities, and operations in Decatur will transfer in 2025. On that basis, CBO estimates that enacting the bill would have no budgetary effects. 

    MIL OSI USA News –

  • MIL-OSI USA: H.R. 9720, AI Incident Reporting and Security Enhancement Act

    Source: US Congressional Budget Office

    H.R. 9720 would require the National Institute of Standards and Technology (NIST) to establish common definitions and identify characteristics of security vulnerabilities of artificial intelligence (AI) that would make the National Vulnerability Database inappropriate for managing those vulnerabilities. The bill also would require NIST to support the development of standards and guidance for technical vulnerability management processes related to AI and to update the database and associated vulnerability management processes. Finally, H.R. 9720 would require NIST to work with interested parties to develop and then report to the Congress on a process to voluntarily collect, report, and track substantial AI security incidents.

    Based on the cost of similar requirements, CBO expects that NIST will need three employees, at an average annual cost of $250,000 per person in 2025, to carry out the requirements of H.R. 9720. Accounting for anticipated inflation, CBO estimates that implementing the bill would cost $3 million over the 2025-2029 period. Any related spending would be subject to the availability of appropriated funds.

    MIL OSI USA News –

  • MIL-OSI USA: H.R. 8689, Amtrak Executive Bonus Disclosure Act

    Source: US Congressional Budget Office

    H.R. 8689 would require Amtrak to include information on the base pay and bonus compensation of its executive officers in its annual report to the Congress and post the report on its website. Because Amtrak is considered a nonfederal entity, CBO estimates that enacting the bill would have no effect on the federal budget. 

    The legislation would impose a private-sector mandate as defined in the Unfunded Mandates Reform Act (UMRA) on Amtrak by marginally expanding an existing reporting requirement. CBO estimates that the cost to Amtrak would fall well below the threshold established in UMRA for private-sector mandates ($200 million in 2024, adjusted annually for inflation). 

    H.R. 8689 would not impose intergovernmental mandates as defined in UMRA.

    MIL OSI USA News –

  • MIL-OSI USA: Franklin County Mobile Disaster Recovery Center Reopens in New Location

    Source: US Federal Emergency Management Agency

    Headline: Franklin County Mobile Disaster Recovery Center Reopens in New Location

    Franklin County Mobile Disaster Recovery Center Reopens in New Location

    TALLAHASSEE, Fla.– The Mobile Disaster Recovery Center in Franklin County is open at the Eastpoint County Building Department to provide one-on-one help to Floridians affected by Hurricane Helene. Survivors of Hurricane Milton or Hurricane Debby can also be served by the center.Franklin CountyEastpoint County Building Department248 US Hwy. 98Eastpoint, FL 32328Hours: 8 a.m.–4:30 p.m. Friday-Sunday through Oct. 27, 2024.When this center moves to a new location, details will be provided to the public.Survivors do not need to visit a center to apply for assistance. Homeowners and renters are encouraged to apply online at DisasterAssistance.gov or by using the FEMA App. You may also apply by phone at 800-621-3362. If you choose to apply by phone, please understand wait times may be longer because of increased volume for multiple recent disasters. Lines are open every day and help is available in most languages. If you use a relay service, captioned telephone or other service, give FEMA your number for that service. For an accessible video on how to apply for assistance go to FEMA Accessible: Applying for Individual Assistance – YouTube.For the latest information about Hurricane Milton recovery, visit fema.gov/disaster/4834. For Hurricane Helene, visit fema.gov/disaster/4828. For Hurricane Debby, visit fema.gov/disaster/4806. Follow FEMA on X at x.com/femaregion4 or on Facebook at facebook.com/fema.
    kirsten.chambers
    Fri, 10/25/2024 – 20:25

    MIL OSI USA News –

  • MIL-OSI Security: U.S. Attorney’s Office Announces Sentencing of Mescalero Man for Stabbing Assault

    Source: Office of United States Attorneys

    ALBUQUERQUE – A Mescalero man was sentenced to 46 months in federal prison for the repeated stabbing of a woman on the Mescalero Apache reservation.

    There is no parole in the federal system.

    According to court documents, on May 18, 2023, Lestat Cree Valdez, 21, an enrolled member of the Mescalero Apache tribe, straddled Jane Doe and stabbed her repeatedly in the head, face, and chest with a knife, with the intent to cause bodily harm. As a result of the assault, Jane Doe suffered serious bodily injury.

    Upon his release from prison, Valdez will be subject to three years of supervised release.

    U.S. Attorney Alexander M.M. Uballez, and Raul Bujanda, Special Agent in Charge of the Federal Bureau of Investigation’s Albuquerque Field Office, made the announcement today.

    This case was investigated by the Las Cruces Resident Agency of the Federal Bureau Investigation with assistance from the Bureau of Indian Affairs. Assistant United States Attorney Joni Autrey Stahl is prosecuting the case.

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