Category: United States of America

MIL-OSI: South Bow Announces Extension of Expiration Date for Exchange Offers Relating to Certain Outstanding Notes

Source: GlobeNewswire (MIL-OSI)

CALGARY, Alberta, July 17, 2025 (GLOBE NEWSWIRE) — South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) announces the extension of the expiration date for the previously announced exchange offers relating to certain outstanding notes of South Bow Canadian Infrastructure Holdings Ltd. (the Canadian Exchange Offer) and South Bow USA Infrastructure Holdings LLC (the U.S. Exchange Offer).

South Bow Canadian Infrastructure Holdings Ltd. exchange offer

South Bow Canadian Infrastructure Holdings Ltd., a wholly owned subsidiary of South Bow, has extended the expiration date for the Canadian Exchange Offer, in which: (i) the holders of its outstanding 7.625% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055 (the Initial Series 1 Notes) were offered the opportunity to exchange all or a portion of their Initial Series 1 Notes for an equal aggregate principal amount of 7.625% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055 (the New Series 1 Notes); and (ii) the holders of its outstanding 7.500% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055 (the Initial Series 2 Notes and collectively with the Initial Series 1 Notes, the Initial Canadian Notes) were offered the opportunity to exchange all or a portion of their Initial Series 2 Notes for an equal aggregate principal amount of 7.500% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055 (the New Series 2 Notes and collectively with the New Series 1 Notes, the New Canadian Notes), in each case, upon the terms and subject to the conditions set forth in the short form prospectus of South Bow Canadian Infrastructure Holdings Ltd. dated July 3, 2025 (the Canadian Prospectus).

South Bow Canadian Infrastructure Holdings Ltd. is extending the previous Canadian Exchange Offer expiration date of 5:00 p.m. ET on Aug. 4, 2025, to 5:00 p.m. ET on Aug. 6, 2025 (the New Expiration Date). The deadline to validly withdraw tenders of the Initial Canadian Notes also was extended to the New Expiration Date. The Canadian Exchange Offer will now expire on the New Expiration Date, unless further extended. All other terms of the Canadian Exchange Offer remain unchanged.

South Bow Canadian Infrastructure Holdings Ltd. has filed the Canadian Prospectus with the Alberta Securities Commission (ASC) and the U.S. Securities and Exchange Commission (SEC), which contains certain important information about the Canadian Exchange Offer. South Bow Canadian Infrastructure Holdings Ltd. recommends that holders of Initial Canadian Notes read the Canadian Prospectus and the documents incorporated by reference therein carefully before deciding whether to tender their Initial Canadian Notes in exchange for New Canadian Notes in the Canadian Exchange Offer. Copies of the Canadian Prospectus and the documents incorporated by reference therein may be obtained on request without charge from the Corporate Secretary of South Bow at 707 – Fifth St. S.W., Calgary, Alta., Canada, T2P 1V8 or by telephone at 1-587-318-5410, and are also available under South Bow Canadian Infrastructure Holdings Ltd.’s SEDAR+ profile at www.sedarplus.ca and in South Bow Canadian Infrastructure Holdings Ltd.’s filings with the SEC at www.sec.gov.

South Bow USA Infrastructure Holdings LLC exchange offer

South Bow USA Infrastructure Holdings LLC, a wholly owned subsidiary of South Bow, has extended the expiration date for the U.S. Exchange Offer, in which: (i) the holders of its outstanding 4.911% Senior Notes due 2027 (the Initial 2027 Notes) were offered the opportunity to exchange all or a portion of their Initial 2027 Notes for an equal aggregate principal amount of 4.911% Senior Notes due 2027 (the New 2027 Notes); (ii) the holders of its outstanding 5.026% Senior Notes due 2029 (the Initial 2029 Notes) were offered the opportunity to exchange all or a portion of their Initial 2029 Notes for an equal aggregate principal amount of 5.026% Senior Notes due 2029 (the New 2029 Notes); (iii) the holders of its outstanding 5.584% Senior Notes due 2034 (the Initial 2034 Notes) were offered the opportunity to exchange all or a portion of their Initial 2034 Notes for an equal aggregate principal amount of 5.584% Senior Notes due 2034 (the New 2034 Notes); and (iv) the holders of its outstanding 6.176% Senior Notes due 2054 (the Initial 2054 Notes and collectively with the Initial 2027 Notes, the Initial 2029 Notes, and the Initial 2034 Notes, the Initial U.S. Notes) were offered the opportunity to exchange all or a portion of their Initial 2054 Notes for an equal aggregate principal amount of 6.176% Senior Notes due 2054 (the New 2054 Notes and collectively with the New 2027 Notes, the New 2029 Notes, and the New 2034 Notes, the New U.S. Notes), in each case, upon the terms and subject to the conditions set forth in the short form prospectus of South Bow USA Infrastructure Holdings LLC dated July 3, 2025 (the U.S. Prospectus).

South Bow USA Infrastructure Holdings LLC is extending the previous U.S. Exchange Offer expiration date of 5:00 p.m. ET on Aug. 4, 2025, to 5:00 p.m. ET on Aug. 6, 2025. The deadline to validly withdraw tenders of the Initial U.S. Notes also was extended to the New Expiration Date. The U.S. Exchange Offer will now expire on the New Expiration Date, unless further extended. All other terms of the U.S. Exchange Offer remain unchanged.

South Bow USA Infrastructure Holdings LLC has filed the U.S. Prospectus with the ASC and the SEC, which contains certain important information about the U.S. Exchange Offer. South Bow USA Infrastructure Holdings LLC recommends that holders of Initial U.S. Notes read the U.S. Prospectus and the documents incorporated by reference therein carefully before deciding whether to tender their Initial U.S. Notes in exchange for New U.S. Notes in the U.S. Exchange Offer. Copies of the U.S. Prospectus and the documents incorporated by reference therein may be obtained on request without charge from the Corporate Secretary of South Bow at 920 Memorial City Way, Suite 800, Houston, TX, U.S.A., 77024 or by telephone at 1-832-389-8831, and are also available under South Bow USA Infrastructure Holdings LLC’s SEDAR+ profile at www.sedarplus.ca and in South Bow USA Infrastructure Holdings LLC’s filings with the SEC at www.sec.gov.

Forward-looking information and statements

This news release contains certain forward-looking statements and forward-looking information (collectively, forward-looking statements), including forward-looking statements within the meaning of the “safe harbor” provisions of applicable securities legislation, that are based on South Bow’s current expectations, estimates, projections, and assumptions in light of its experience and its perception of historical trends. All statements other than statements of historical fact may constitute forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as, “anticipate”, “will”, “expect”, “estimate”, “potential”, “future”, “outlook”, “strategy”, “maintain”, “ongoing”, “intend”, and similar expressions suggesting future events or future performance.

In particular, this news release contains forward-looking statements pertaining to, without limitation, the expected timing of the Canadian Exchange Offer and the U.S. Exchange Offer. These forward-looking statements are based on certain assumptions that South Bow has made as of the date of this news release regarding, among other things: the completion of the Canadian Exchange Offer and the U.S. Exchange Offer, respectively, on the expected terms and within the anticipated timelines. Although South Bow believes the assumptions and other factors reflected in these forward-looking statements are reasonable as of the date hereof, there can be no assurance that these assumptions and factors will prove to be correct and, as such, forward-looking statements are not guarantees of future performance. Forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual events or results to differ materially, including, but not limited to: the risk that the Canadian Exchange Offer or the U.S. Exchange Offer may not be completed on the expected terms, within the anticipated timelines, or at all. The foregoing list of assumptions and risk factors should not be construed as exhaustive. Additional information on the assumptions, risks, and uncertainties relevant to the Canadian Exchange Offer are contained in the Canadian Prospectus under the heading “Risk Factors” and additional information on the assumptions, risks, and uncertainties relevant to the U.S. Exchange Offer are contained in the U.S. Prospectus under the heading “Risk Factors”.

The forward-looking statements contained in this news release speak only as of the date hereof. South Bow does not undertake any obligation to publicly update or revise any forward-looking statements or information contained herein, except as required by applicable laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

About South Bow

South Bow safely operates 4,900 kilometres (3,045 miles) of crude oil pipeline infrastructure, connecting Alberta crude oil supplies to U.S. refining markets in Illinois, Oklahoma, and the U.S. Gulf Coast through our unrivalled market position. We take pride in what we do – providing safe and reliable transportation of crude oil to North America’s highest demand markets. Based in Calgary, Alberta, South Bow is the investment-grade spinoff company of TC Energy, with Oct. 1, 2024 marking South Bow’s first day as a standalone entity. To learn more, visit www.southbow.com.

Contact information

Investor Relations Media Relations

Martha Wilmot Solomiya Lyaskovska

investor.relations@southbow.com communications@southbow.com

The MIL Network –

July 18, 2025
MIL-OSI USA: As Chaotic Trump Tariffs Drive Price Hikes, Warren, Baldwin, Schakowsky, Deluzio Propose New Tools to Fight Price Gouging

US Senate News:

Source: United States Senator for Massachusetts – Elizabeth Warren
July 17, 2025
Text of Bill (PDF) | Bill One-Pager (PDF)
Washington, D.C. — U.S. Senators Elizabeth Warren (D-Mass.) and Tammy Baldwin (D-Wis.), along with Representatives Jan Schakowsky (D-Ill.) and Chris Deluzio (D-Pa.) reintroduced the Price Gouging Prevention Act to fight back against the corporate greed enabled by the Trump administration’s chaotic tariff policies. The bill would give the Federal Trade Commission (FTC) and state attorneys general new tools to enforce a federal ban against grossly excessive price increases.
The last five years have repeatedly shown us that giant corporations will take advantage of inflation and supply chain disruptions to expand their profit margins by raising prices higher than necessary to cover cost increases. President Trump’s on-again, off-again tariffs have created yet another opportunity for corporate price gouging. The tariff-driven uncertainty gives companies the opportunity to raise prices on all goods, regardless of whether they are actually subject to new tariffs, higher and for longer than what is necessary to cover any cost increases. Now, dozens of companies have reported raising the prices of goods and services unaffected by Trump’s tariffs.
“Donald Trump’s reckless tariff policies are giving companies cover to squeeze families and raise prices more than necessary. My bill is an opportunity for Congress to stand up for families by cracking down on price gouging and fighting back against corporate abuse,” said Senator Warren.
Last week, Senator Warren and 16 other Democrats urged the FTC to investigate tariff-enabled corporate price gouging that is raising costs for American families and use its full authority to prevent it.
“The biggest corporations in our country jack up the cost of everyday household items, take in record profits, and give their executives huge bonuses – all on the backs of hard-working Wisconsin families. Donald Trump claimed he would lower prices – so far, he has done just the opposite and is even opening the door to more price gouging. But, if we pass this bill, we can rein that in and give Wisconsinites some breathing room and allow them to save for the future,” said Senator Baldwin. “Our bill will finally crack down on corporate greed and help stop those big companies at the top of the food chain from sticking families with exorbitant costs.”
“Prices are still too high, and inflation is still pounding folks. Especially now, we need to rein in monopolists and other huge corporations with the power to price gouge the American people,” said Congressman Deluzio. “By upping FTC enforcement practices and boosting transparency, this bill will take some of the squeeze off American families and small businesses suffering under the thumb of out-of-control corporate power.”
“President Donald Trump promised to lower costs, but we have seen the exact opposite. Greedy corporations are using the economic turmoil the Trump Administration has created to gouge the American people on everything from groceries to consumer goods. While these large corporations rake in record profits, families in my community and across the country are struggling to put food on the table,” said Congresswoman Jan Schakowsky. “Our bill will finally put an end to price gouging by empowering the FTC and state attorneys general to hold bad actors accountable when they take advantage of consumers.”
Senator Warren introduced this bill in the 116th Congress, 117th Congress, and again in the 118th Congress.
The Price Gouging Prevention Act of 2025 would help the federal government and state attorneys general fight corporate price gouging. The bill would:
Prohibit price gouging at the federal level—anytime and anywhere. The bill would clarify that price gouging is an unfair and deceptive practice under the FTC Act. It would allow the FTC and state attorneys general to stop sellers from charging a grossly excessive price, regardless of where the price gouging occurs in a supply chain or distribution network;
Help enforcers establish when price gouging is occurring during a significant shift in trade policy. The bill lists a set of exceptional market shocks—including an “abrupt or significant shift in trade policy”—and outlines a standard for a presumptive violation of the price gouging prohibition during such a shock, such as when companies brag about increasing prices;
Create an affirmative defense for small businesses acting in good faith. Small and local businesses sometimes must raise prices in response to crisis-driven increases in their costs because they have little negotiating power with their price-gouging suppliers. This affirmative defense protects small businesses earning less than $100 million from frivolous litigation if they show legitimate cost increases;
Require public companies to clearly disclose costs and pricing strategies. During periods of exceptional market shock, the bill requires public companies to transparently disclose and explain changes in their cost of goods sold, gross margins, and pricing strategies in their quarterly SEC filings; and
Provide $1 billion in additional funding to the FTC to carry out its work.
Senators Richard Blumenthal (D-Conn.), John Fetterman (D-Pa.), Andy Kim (D-N.J.), Ed Markey (D-Mass.), Jeff Merkley (D-Ore.), Bernie Sanders (I-Vt.), Elissa Slotkin (D-Mich.), and Sheldon Whitehouse (D-R.I.) joined as co-sponsors.
Representatives Angie Craig (D-Minn.), Maggie Goodlander (D-N.H.), Hank Johnson (D-Ga.), Ro Khanna (D-Calif.), Eleanor Holmes Norton (D-D.C.), Jerry Nadler (D-N.Y.), Mary Gay Scanlon (D-Pa.), Rashida Tlaib (D-Mich.), and Paul Tonko (D-N.Y.) joined as co-sponsors.
“Consumers deserve and desperately need stronger protection against price gouging and unfair profiteering that this legislation will provide. As state Attorney in Connecticut, I saw firsthand how corporate greed leads wrongdoers to exploit loopholes in present law. American consumers should be safeguarded more effectively by imposing accountability and transparency,” said Senator Blumenthal.
“Trump’s chaotic tariff policies handed large companies a free pass to jack up prices on the goods and services we rely on every day. As a result, hard-working Americans are being forced to take a smaller slice of the pie while corporate executives line their pockets. The Price Gouging Prevention Act gives regulators the teeth to shut this down,” said Senator Fetterman. “It forces big companies to be honest about why they’re raising prices, and it’ll bring relief at the grocery store and the pump to families across the Commonwealth.”
“No one should be allowed to pad their pockets by price gouging hardworking Americans,” said Senator Kim. “At a moment when more and more people are feeling like they can’t afford the American dream, this bill is an important tool to stand up for working families, lower costs, and build an economy that looks after all Americans, not just the wealthiest few.”
“Big corporations are making big profits, and some are cynically using Trump’s tariffs and trade threats to justify price increases on hard working people,” said Senator Markey. “While Republicans shower big corporations with lavish tax breaks, Senator Warren and Senator Baldwin are leading the fight to stand up for working people. I am proud to stand with my colleagues to co-sponsor the Price Gouging Prevention Act and end predatory profiteering.”
“From outrageous prices for prescription medications, to the costs of groceries skyrocketing, it’s working families footing the bill while huge corporations gouge consumers to line their own pockets,” said Senator Merkley. “Americans deserve basic consumer protections from this harmful practice, and we need the Price Gouging Prevention Act to put people over profits.”
“Michiganders know their pocketbooks. They know when they are getting taken for a ride. The cost of living is too high in America, and it is keeping hard-working people out of the middle class,” said Senator Slotkin. “One way to attack that problem is to crack down on price gouging from the largest, multi-national corporations, who too often use a crisis or supply chain disruption to further squeeze Americans and raise prices. This bill strengthens the tools in our toolkit to go after bad-faith actors and protect the middle class.”
“Corporate bad actors are using Trump’s tariff chaos as an excuse to hike prices far beyond their own cost increases to make even more money at the expense of hardworking Americans,” said Senator Whitehouse. “Our legislation will crack down on price gouging and lower costs for families.”
This bill is endorsed by the following labor groups and organizations: AFL-CIO, UAW, USW, Accountable.US/Accountable.NOW, American Economic Liberties Project, Consumer Federation of America, Economic Security Project Action, Farm Action Fund, Food & Water Watch, Groundwork Collaborative, National Consumer Law Center (on behalf of its low-income clients), P Street, and Public Citizen.
“America’s working families are tired of giant corporations jacking up prices and taking a bigger and bigger slice of their paychecks just to pad their record-breaking profits. The Price Gouging Prevention Act is important legislation to crack down on this corporate greed, put some common-sense fairness back in our economy, and rein in the basic costs that are making it hard for working families to make ends meet,” said Liz Shuler, President of the AFL-CIO.
“Working families must never be squeezed by corporations using crises as cover to raise prices. The Price Gouging Prevention Act is a long-overdue check on corporate abuse, holding companies accountable and putting power back in the hands of consumers and workers. We’re proud to support it,” said David McCall, President of the United Steelworkers.
“The Trump administration has shown time and again it is on the side of the giant corporations squeezing profits from American families. While the President fans the flames on higher prices and fewer protections, the Price Gouging Prevention Act tackles corporate greed head on. It’s more important than ever that Congress take the initiative to defend American families from abusive price hikes in the marketplace,” said Caroline Ciccone, President of Accountable.US/Accountable.NOW.
“Cracking down on price gouging at the federal level is both commonsense and long overdue,” said Morgan Harper, Director of Policy and Advocacy at the American Economic Liberties Project. “From natural disasters to Trump’s tumultuous trade policy, big corporations are weaponizing chaos to pad their bottom line at the expense of hardworking Americans. Just like the laws many states across the country already have in place, Senator Warren’s price-gouging legislation prohibits opportunistic price increases now and during future crises to protect families and small businesses.”
“Now, more than ever, we need to crack down on predatory corporations that weaponize economic turmoil by price-gouging hardworking Americans and lining their pockets with obscene profits. Congress should immediately pass the Price Gouging Prevention Act and give state and federal law enforcement agencies full power to stop corporations from preying on American families through this shameless profiteering,” said Erin Witte, Director of Consumer Protection for Consumer Federation of America.
“More and more families are feeling the sting of our affordability crisis, and price gouging is a major cause. Price gouging puts basic needs like groceries, rent, and medications increasingly out of reach for millions just to line the pockets of corporate shareholders. The Price Gouging Prevention Act is a huge step towards ending this practice by holding corporate price gougers accountable,” said Adam Ruben, Director of Economic Security Project Action.
“For too long, corporate giants have used market disruptions as an excuse to gouge farmers and consumers, with little fear of consequences. We exposed abusive pricing schemes in the fertilizer, beef, and egg industries in recent years, yet the FTC has been hamstrung in its ability to take action. The legislation introduced by Senator Warren and her colleagues would enable antitrust enforcers to hold these corrupt corporations accountable, restoring fairness to our markets and bringing justice to America’s farmers and consumers,” said Joe Maxwell, President of Farm Action Fund.
“While everyday Americans are struggling to make ends meet, corporations continue to hike up prices and rake in record profits. The president’s chaotic trade policy has created the perfect environment for companies to raise prices on consumers well beyond the rate of inflation. Senator Warren’s legislation puts working families first by cracking down on these price gougers and ensuring consumers pay a fair price,” said Lindsay Owens, Executive Director of Groundwork Collaborative.
“Whether it’s airlines hiking prices after a hurricane, egg companies using flimsy excuses to quadruple costs, or oil giants colluding to keep prices high, we know corporations price gouge consumers for one simple reason: because they can,” said Joe Van Wye, Senior Legislative Strategist at P Street. “Decades of weak antitrust enforcement let these corporations grow unchecked—giving monopolies the power to squeeze families for every dollar. Senator Warren is taking on corporate greed head-on and demanding real accountability to put dollars back in Americans’ pockets. More of her colleagues should follow her lead.”

MIL OSI USA News –

July 18, 2025
MIL-OSI USA: Durbin, Van Hollen Call On Attorney General To Immediately Release The Epstein Files

US Senate News:

Source: United States Senator for Illinois Dick Durbin

July 17, 2025

The call follows the Senators’ successful amendment to an appropriations bill to retain, preserve, and compile the Epstein files, which passed unanimously

WASHINGTON – U.S. Senate Democratic Whip Dick Durbin (D-IL), Ranking Member of the Senate Judiciary Committee, and U.S. Senator Chris Van Hollen (D-MD) called on Attorney General Pam Bondi to immediately release the Epstein files. The Senators’ letter follows the Senate Appropriations Committee’s unanimous passage of the Senators’ amendment requiring the Attorney General to “retain, preserve, and compile any records or evidence related to any investigation, prosecution, or incarceration of Jeffrey Epstein” and submit a report to Congress within 60 days regarding the records and evidence.

The Senators began, “We write regarding the Department of Justice and its handling of the Jeffrey Epstein case and records. Last week, the Senate Appropriations Committee, by a unanimous bipartisan vote, directed you and the Department to preserve and retain all of the Epstein files and to submit a report on the records to the Subcommittee on Commerce, Justice, Science, and Related Agencies. This unanimous vote reflects the urgent need to provide transparency and accountability with respect to the Epstein files. There is no reason to wait until the bill with our amendment makes its way through Congress. We call upon you to follow the bipartisan directive of the Appropriations Committee and release the Epstein files without delay.”

The Senators continued, “The case of Jeffrey Epstein is a deeply disturbing one, with horrifying sexual abuse of over 1,000 young women and girls. From the lenient plea deal he received in Florida in 2008 to the end of his case with his death in prison in 2019, survivors of his abuse have been denied the full accounting of his crimes and the justice they deserve. We must ensure that the American people can have confidence in a justice system that operates without secrecy or undue influence—especially in the handling of such a prominent case involving the sexual exploitation and trafficking of so many victims. Delivering transparency in this case is necessary to providing accountability and answers to the American people.”

The Senators concluded, “Again, we ask that, rather than wait for the final passage of this provision, you provide the information and answers thirty days from today, August 16, 2025. We appreciate your attention to this vital matter of public interest.”

The full text of the letter is available here.

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MIL OSI USA News –

July 18, 2025
MIL-OSI USA: Durbin Talks Agriculture Policy With Illinois Corn Growers
US Senate News:
Source: United States Senator for Illinois Dick Durbin
July 17, 2025

WASHINGTON – U.S. Senate Democratic Whip Dick Durbin (D-IL), a member of the Senate Committee on Agriculture, Nutrition, and Forestry, met with members of the Illinois Corn Growers to discuss their policy priorities, including concerns with the federal Farm Bill process, regional inequities in the federal crop insurance program, and the importance of federal policies that support E15 ethanol and conservation incentives.

“I met with the Illinois Corn Growers to hear more about their priorities for programs that help our Illinois farmers,” said Durbin. “As a member of the Senate Agriculture Committee, I will continue to advocate on behalf of federal policies important to Illinois agriculture.”

Photos of the meeting are available here.

Farmers from the following towns attended today’s meeting:

Waterloo, Illinois

Decatur, Illinois

Coal Valley, Illinois

Woodhull, Illinois

Minonk, Illinois

Normal, Illinois

Bloomington, Illinois

Franklin, Illinois

Orion, Illinois

Good Hope, Illinois

Fowler, Illinois

Saint Joseph, Illinois

Waveryly, Illinois

Shawneetown, Illinois

Chicago, Illinois

Oneida, Illinois

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MIL OSI USA News –
July 18, 2025
MIL-OSI: Trupanion Announces Second Quarter 2025 Earnings Release and Conference Call

Source: GlobeNewswire (MIL-OSI)

SEATTLE, July 17, 2025 (GLOBE NEWSWIRE) — Trupanion, Inc. (Nasdaq: TRUP), a leader in medical insurance for cats and dogs, announced today it will report financial results for its 2025 second quarter after the market closes on Thursday, August 7, 2025. The company will host a conference call that day beginning shortly after 1:30 p.m. PT / 4:30 p.m. ET.

A live webcast discussing results, guidance and management observations will be available on Trupanion’s Investor Relations site under Investor Events at http://investors.trupanion.com and will be archived online for 3 months upon completion of the conference call. A slide presentation will also be available on the site.

Participants can access the conference call by dialing 1-844-676-1342 (United States) or 1-412-634-6683 (International). A telephonic replay of the call will also be available after the completion of the call, by dialing 1-844-512-2921 (United States) or 1-412-317-6671 (International) and entering the replay pin number: 10200168.

About Trupanion

Trupanion is a leader in medical insurance for cats and dogs throughout the United States, Canada, and certain countries in Continental Europe with over 1,000,000 pets currently enrolled. For over two decades, Trupanion has given pet owners peace of mind so they can focus on their pet’s recovery, not financial stress. Trupanion is committed to providing pet parents with the highest value in pet medical insurance with unlimited payouts for the life of their pets. With its patented process, Trupanion is the only North American provider with the technology to pay veterinarians directly in seconds at the time of checkout. Trupanion is listed on NASDAQ under the symbol “TRUP”. The company was founded in 2000 and is headquartered in Seattle, WA. Trupanion policies are issued, in the United States, by its wholly owned insurance entity American Pet Insurance Company and, in Canada, by Accelerant Insurance Company of Canada or GPIC Insurance Company. Policies are sold and administered in Canada by Canada Pet Health Insurance Services, Inc. dba Trupanion 309-1277 Lynn Valley Road, North Vancouver, BC V7J 0A2 and in the United States by Trupanion Managers USA, Inc. (CA license No. 0G22803, NPN 9588590). Canada Pet Health Insurance Services, Inc. is a registered damage insurance agency and claims adjuster in Quebec #603927. For more information, please visit trupanion.com.

Contacts

Laura Bainbridge, Senior Vice President, Corporate Communications
Gil Melchior, Director, Investor Relations
Investor.Relations@trupanion.com

The MIL Network –

July 18, 2025
MIL-Evening Report: Keith Rankin Analysis – Letter from Westphalia, Germany; 6 June 1933

Analysis by Keith Rankin.

On Saturday I came into possession of this letter, transcript below.

Keith Rankin, trained as an economic historian, is a retired lecturer in Economics and Statistics. He lives in Auckland, New Zealand.

I will note that the recipient of the letter is someone I know a bit about; I would like to know more about his time in London, circa 1930-1932. I understand that he attended the London School of Economics. I never met him; but, me being a student of the Great Depression, I wish I had known him while writing my MA thesis.

Eric Salmon lived from 1903 to 1990. Certainly a patrician, he was an Auckland City Councillor and associate of Auckland’s ‘Mayor Robbie’. While he would never have had any sympathy with the Nazi cause, I would like to think that, like me, he would have had some empathy for the German people in 1933; and the many other people then caught up in events – indeed zeitgeists – moving too fast, and on too great a scale.

Sadly, I will never be able to see Mr Salmon’s letter to his German contact (probably written late in 1932). I do not know if he replied to the letter below.

Home Address:

Schwelm (in Westfalen)
Kirkplatz 7

Schwelm, 6th VI. [June] 1933

Dear Mr. Salmon,

                                    Your letter with the interesting account of your native [town?] and the economic position of New Zealand was a great joy to me, and I thank you very much for it. I hope, you won’t take it amiss that my answer comes so late. During the last months I spent all my time in finishing the dissertation for my doctor examination. Some days ago I finally handed it to my professor, and I am now preparing for the oral examination which will take place in the end of July. – How are you getting on with your work?

                        In the course of rather a short time the political situation in this country has thoroughly changed, and the questions you put to me in your letter have found a sudden solution. I may add : also a good one. You are perhaps astonished to read that, for – as far as I know – most of the great newspapers of the world tell you just the contrary. The reason for it is that the European nations, above all France and Polonia [Poland], but England too, fear a new war, and this fear is in an inexcusable way nourished by all those German people who don’t agree with the new spirit and the new methods. The Jewish question is also of great importance. The measures we took against the Jews were not at all cruel or unjustified, as you read in English papers. All we try is only to reduce the enormous influence and power of the Jews in Germany to an extent which compounds to their small number. More and more their influence has become a destructive force in our national life. What you see nowadays in Germany is not a warlike or an extremely militaristic spirit or a mass barbarism (as many foreigners suppose), but the will to build a new nation, in which no longer the unchecked liberalism of the postwar years reigns. We were standing just before a complete breakdown and the chaos of Communism, which would have been fatal for the whole world. In this dangerous moment came the revolution of our nationalist party under the great leader Hitler. It marks the beginning of something quite new in Germany. We know that a great many tasks are waiting for us, but seeing them we are no longer desperate as it was the case in the last years. The new Germany has a new hope, a new will, and a new energy, and with them we shall overcome all problems and difficulties.

      What do you think about the change in Germany, and what do you read in the papers? I should be very glad to hear something about it from you. Hoping you are quite well I am with kindest regards, yours Theodor Hort.

Herr Hort – presumably Dr Hort, soon after – is writing from Schwelm, eleven kilometres east of the Westphalian city of Wuppertal. To the west of Wuppertal is Düsseldorf, on the Rhine; Cologne is to the south, near where the river Wupper flows into the Rhine. To the north of Wuppertal is the Ruhr Valley, Germany’s western industrial heartland. Between Düsseldorf and Wuppertal is Neandertal/Neanderthal. Most of the journey between Wuppertal and Schwelm can be taken on the ‘world-famous in Westphalia’ Wuppertal Schwebebahn, the suspension railway, built between 1897 and 1903, which runs above the Wupper River. I am privileged to have ridden on that railway in 1984.

I had hoped that, because the railway is still there, that Wuppertal had not been bombed by the RAF during WW2. No such luck. I found this article in the Burnie Advocate (Tasmania), 1 June 1943: Wuppertal raid one of heaviest of war. This was eight weeks before Operation Gomorrah decimated Hamburg. (On Wuppertal, refer also: Planning a Bombing Operation: Wuppertal 1943, My grandfather, the bomber pilot, When the singing stops on Christmas Eve, German tragedy of destiny, Wikipedia.)

I have no idea what Theodor Hort’s fate was. Maybe he was recruited for the notorious Einsatzgruppen, which was top-heavy with academic doctors? More likely he turned away, at least in his mind, from the excesses of the New Germany; nevertheless serving his country in some capacity, albeit out of the kind of obligation that would have been hard to refuse. There is a high chance he died during the war. I’m guessing he would have been about 35 years old in 1943.

Throughout the twentieth century, many young Australians and New Zealanders studied at the London School of Economics. (William Pember Reeves was its Director from 1908 to 1919.) So did many upper-middle-class Germans; Herr Hort clearly fell into that class-category. Other Germans to study economics at the LSE included Heinrich Brüning and Ursula von der Leyen.

Brüning was Chancellor of Germany from mid-1930 to mid-1932. Brüning was the centrist politician most associated with the economic collapse of Weimar Germany during the Great Depression, thanks to his ‘liberal’ policies of stubborn fiscal conservatism. He sought to balance the Budget at any cost. Germany and the world paid a very high cost indeed. I understand that the “unchecked liberalism” Hort refers to is the economic liberalism of Brüning and others (think today’s neoliberalism), and not so much the social liberalism of Berlin that was an icon of 1920s’ Germany. (As a part of that social liberalism, Germany in 1918 – Germany’s first annus horribilis last century – became a proper democracy, with proportional representation, and votes for women.)

I would imagine that Hort’s parents would have voted for Bruning’s Zentrum (Centre) party. While it started as a Catholic party, it was actually the foundation party of German ‘Christian Democracy’, having already broadened its base by 1930. Westphalia, Düsseldorf and Cologne represented the West German heartland of centrist Christian Democratic politics. And consistently these places cast the fewest votes for Adolf Hitler’s party. (The city of Cologne, the least-Nazi-supporting city in Germany, was the first large German urban centre to be carpet-bombed by the British, in 1942.)

Nevertheless, at least in March 1933, young Herr Theodor probably voted for the National Socialists. (Although his “great leader” epithet was probably a direct translation of ‘führer’ rather than an expression of devotion.) The Enabling Act of 1933, which ended democracy in Germany, had been in force for three months before Herr Hort wrote this letter. He, like many others in a desperate country, was willing to forego democracy if other goals might better be achieved without it. Further, by 1938, Hitlernomics – borrowing ‘as much as it takes’ to re-arm and reorganise along Spartan lines – was looking like a great success. (Something suspiciously similar took place in the Bundestag in 2025, exactly 92 years after the Enabling Act, using the outvoted ‘lame-duck’ parliament to get the necessary two-thirds majority. This time it was the ‘fascists’ – AFD – who were against borrowing to re-arm; and the outvoted fastidiously-anti-borrowing neoliberal FDP, who should not have been there.)

Finally, here, we should note that Germany as a whole – and certainly western Germany – while Judeophobic, was probably no more Judeophobic than other European countries (including the USA); and that most German Jews, to 1918 at least, had seen themselves as more Germans than Semites, and played a significant role in the German armed forces in World War One. The circumstances of 1918, however, made it a relatively easy task for would-be-politicians with nationalist agendas to scapegoat Jews. There were vastly more Jews living in the countries east of Germany, and they from 1940 to 1944 ended up being very much in the wrong place at the wrong time. In Germany in 1933, ‘Jewish’ identity was used very much as proxies for the twin-devils who many Germans believed had ‘stabbed Germany in the back’ in 1918 (at a time when Germany appeared to be winning on the western front) and again in (and around) 1931; ‘Bolshevik’ Communists and big-finance capitalists. The 1918 claim of a ‘stolen war’ was an evidentially-false conspiracy theory which had the appearance of credibility to many desperate people looking for simple answers, and scapegoats.

On the Bolshevik matter, while Theodor Hort and others will not have known about it until much later – the winter of 1932/33 was the peak of the Holodomor where four million mainly-Ukrainians were deliberately starved to death by Josef Stalin’s Moscow-based regime. Too many elements of the western press were looking the other way. Soviet Communism was being romanticised in certain middle-class and working-class circles in ‘the West’ (though demonised in others: refer Three Women who Launched a Movement); the mega-atrocities were downplayed by mainstream journalists such as Walter Duranty.

It was the full discovery in 1939 of the Holodomor and the later Great Purge(s) that enabled the Nazis to contemplate an even worse genocide, a substantial part of which became the Shoah. The Shoah, while the worst genocide ever, was neither the first nor the last real-world example of ‘hunger games’ in the last 100 years.

*******

Keith Rankin (keith at rankin dot nz), trained as an economic historian, is a retired lecturer in Economics and Statistics. He lives in Auckland, New Zealand.

MIL OSI Analysis – EveningReport.nz –

July 18, 2025
MIL-OSI USA: Oregon Delegation Slam Trump Education Funding Cuts Harming Schools Across the State

Source: US Representative Val Hoyle (OR-04)

July 17, 2025

For Immediate Release: July 17, 2025

WASHINGTON, D.C. – Today, U.S. Representative Val Hoyle (OR-04) joined the rest the Oregon’s democratic federal delegation to demand the Trump Administration reverse its abrupt cutoff of more than $73 million in federal education funds for Oregon, harming afterschool programs, specialized literacy programs, educator training, and support for English language learners at schools.

“Any withholding of these critical funds will negatively affect the State of Oregon’s efforts to increase academic outcomes for all our students, particularly our multilingual and migrant education students. It will undermine successful initiatives to recruit talented teachers and retain them in our schools, and it will undermine the ability for students to be taught in safe and secure environments. Additionally, withholding funds that support student learning through summer and after-school programs will undermine Oregon’s efforts to help all students thrive in their education,” wrote the lawmakers to Office of Management and Budget (OMB) Director Russ Vought and U.S. Secretary of Education Linda McMahon.

The Oregon delegation letter follows Oregon Attorney General Dan Rayfield announcing the state joined a coalition of states to file a lawsuit challenging the Trump Administration’s freezing of these federal education funds. The Administration this week also moved to fire 1,400 Education Department employees, impacting the agency’s ability to perform essential functions such as distributing financial aid and essential federal dollars.

“Oregon’s school districts are dedicated and efficient stewards of federal dollars, leveraging funds from [these grant programs] to improve student outcomes and serve Oregon’s student population,” they continued. “For example, Neah-Kah-Nie School District in rural Tillamook County uses ESEA Title II, Part A dollars to fund literacy interventionists in their rural elementary schools so students struggling with reading, writing, and comprehension get targeted support. Without Title II dollars, Portland Public Schools, Oregon’s largest school district serving more than 44,000 students, will lose the ability to provide critical professional development and support for teachers working in low-income schools with challenging student needs.”

The lawmakers stressed, “In addition, Hood River Valley School District uses a 21st Century Community Learning Center grant under ESEA Title IV to administer academic support in after-school programs at four Title I schools across this rural region. Similarly, Umatilla School District uses the funds for an after-school program that supports extended learning for roughly half of its K-12 students and provides an opportunity for the students to participate in robotics and a variety of STEAM-focused classes.”

Merkley and Wyden also previously joined 30 Senate colleagues to demand OMB Director Vought and Secretary McMahon immediately release nearly $7 billion in frozen funding for K-12 schools and adult literacy programs nationwide.

“We respectfully demand that you abide by the law and immediately release this previously appropriated funding. Oregon’s students are counting on you and so are we,” the lawmakers directed.

Full text of the Oregon delegation’s letter can be found HERE.

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MIL OSI USA News –

July 18, 2025
MIL-OSI USA: LEADER JEFFRIES: “LIFE IS GETTING MORE EXPENSIVE”

Source: United States House of Representatives – Congressman Hakeem Jeffries (8th District of New York)

Today, House Democratic Leader Hakeem Jeffries held a press conference where he emphasized that Donald Trump and House Republicans are driving up costs while taking nutritional assistance and healthcare away from millions of Americans in order to reward billionaires.

LEADER JEFFRIES: Good afternoon, everyone. The American people desperately want an economy that is affordable for hardworking taxpayers. Donald Trump and House Republicans promised that costs would go down in the United States of America. Costs aren’t going down. They’re going up. They certainly have not gone down on day one, as Republicans promised the American people. Inflation is on the way up. Life is getting more expensive. And Donald Trump and House Republicans are driving the economy off of a cliff. Donald Trump and House Republicans have done nothing—nothing—not a single thing to make life more affordable for hardworking American taxpayers.

The One Big Ugly Law will do nothing to meaningfully address the cost of living crisis that we have in this country. In fact, the One Big Ugly Law will make life more expensive for everyday Americans, particularly as it relates to utility bills in this country. Utility bills are going to go up as a result of the actions that have been taken by Donald Trump and Republicans. More than 17 million people are going to lose their healthcare as a result of the action taken by Donald Trump and Republicans. Children, veterans and seniors who are hungry are going to lose their nutritional assistance as it relates to the actions taken by Donald Trump and House Republicans connected to the One Big Ugly Law. And all of this has been done to reward billionaires with massive tax breaks and at the same time skyrocket and explode the debt by more than $3 trillion.

It’s unconscionable what Donald Trump and House Republicans have done to hurt the American people. The job of those of us who are in public service should be at all times to make life better for everyday Americans, to improve the quality of life for the American people, to ensure, as Democrats are focused on, that when you work hard and play by the rules in the United States of America, you should be able to afford to live the good life—good paying job, good housing, good healthcare, good education for your children and a good retirement. That’s the American dream, and far too many people are unable to achieve it even though they are working hard and playing by the rules. Republicans haven’t made it easier to achieve the American dream. They are making it harder for everyday Americans. And that’s a shame.

Full press conference can be watched here.

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MIL OSI USA News –

July 18, 2025
MIL-OSI USA: Congressman Moore, Senator Hawley Introduce Resolution Condemning International Persecution of Christians

Source: United States House of Representatives – Representative Riley Moore (WV-02)

Washington, D.C. – Today, Congressman Riley M. Moore and Senator Josh Hawley of Missouri introduced a resolution condemning the persecution of Christians in Muslim-majority countries across the globe.

In April, Congressman Moore gave a speech on the House Floor highlighting the rampant violence and martyrdom many Christians are facing simply for proclaiming their faith in Jesus Christ.

The bill is endorsed by ADF International, Heritage Action for America, the Ethics and Religious Liberty Commission, In Defense of Christians, Global Christian Relief, CatholicVote, Advancing American Freedom, Center for Urban Renewal and Education (CURE), Family Policy Alliance, Christians Engaged, and Save the Persecuted Christians.

Congressman Moore issued the following statement:

“Around the world, our brothers and sisters in Christ face rampant persecution for simply acknowledging the name of Jesus. That is unacceptable.

“In Nigeria alone, more than 50,000 Christians have been martyred and more than 5 million have been displaced simply for professing their faith. During a Divine Liturgy in Damascus last month, an islamic jihadist opened fire on worshippers and detonated an explosive device — killing at least 30 and wounding dozens more. These examples illustrate the violence and death Christians face on a daily basis.

“Unfortunately, decades of U.S. foreign policy blunders have exacerbated this crisis, with ethno-religious cleansing accelerating in Iraq after our failure to stabilize the country following the 2003 invasion.

“We as lawmakers cannot continue to sit idly by. I urge my colleagues to join me in condemning the persecution of Christians across the globe.”

Senator Hawley added:

“Our country was founded on religious liberty. We cannot sit on the sidelines as Christians around the world are being persecuted for declaring Jesus Christ as their Lord and Savior. We must condemn these heinous crimes. Year after year, the number of Christians murdered by extremists in Nigeria has numbered in the thousands. Millions more have been displaced. We cannot allow this to continue. I urge my colleagues to join me in condemning the persecution of Christians around the world by supporting this resolution.”

The Daily Wire first covered introduction of the resolution. Read more here.

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MIL OSI USA News –

July 18, 2025
MIL-OSI USA: Carter Introduces Bill to Spur American Economic Development in Housing

Source: United States House of Representatives – Congressman Earl L Buddy Carter (GA-01)

Headline: Carter Introduces Bill to Spur American Economic Development in Housing

WASHINGTON D.C. – Rep. Earl L. “Buddy” Carter (R-GA) and Rep. Greg Stanton (D-AZ) introduced the Catalyzing Housing and American Ready Growth and Expansion (CHARGE) Investments Act, a bill that will encourage economic growth and development throughout the country by modernizing the eligibility for Transit Oriented Development (TOD) projects. The CHARGE Investments Act will create jobs, add housing, revitalize underused urban areas, and drive long-term economic growth without expanding the federal deficit.

Currently, federal law restricts TOD loans to projects within a half mile radius of intercity rail stations. This traditional standard largely benefits older Northeast cities, whereas most U.S. cities intentionally built their historic freight rail hubs modestly further from their downtowns. The CHARGE Investments Act ensures fair access to fiscally responsible federal loan financing administered by the Build America Bureau by expanding the TOD eligibility radius for those U.S. cities whose central business district is more than half a mile from its intercity rail or light rail. Projects inside the closest central business district within a two-mile radius of intercity rail stations, or for cities lacking intercity rail, projects within a ¼ mile radius from a light rail station, shall now be eligible.

“By modernizing the Railroad Rehabilitation and Improvement Financing program, the CHARGE Investments Act marks a critical step towards unlocking economic development for rural towns and growing cities alike. This bill will stimulate economic activity in not only Georgia but nationwide, ensuring some regions are not given preference over others,” said Rep. Carter.

“Light Rail has absolutely transformed the Valley, driving billions in private and public investment along the lines. As the cost of living rises and Arizona grows, we need more tools to develop new affordable housing units and businesses near our city centers and along the transit lines,” said Rep. Stanton. “Our CHARGE Investments Act modernizes federal financing options for transit-oriented retail and housing developments—a win-win for Arizona businesses and families.”

The CHARGE Investments Act preserves the fiscally responsible foundation of the program by maintaining loan-based financing and requiring at least 25% private or non-federal investment while expanding access to cities unintentionally left out due to outdated limitations. These investments often generate 4–5x returns for the Treasury, driven by growth in construction, housing, hospitality, and retail.

“The CHARGE Investments Act is the kind of forward-looking reform the hotel industry needs to spur new development opportunities, create jobs, and drive economic growth. The proposed legislation would expand loan-based financing for transit-connected projects, providing hoteliers with a critical pathway to develop projects that meet local demand. We thank Congressman Carter for his leadership on this important issue and look forward to working with him to move this legislation swiftly through Congress,” said Rosanna Maietta, President & CEO of the American Hotel & Lodging Association.

“AAHOA also applauds the bill’s commitment to fiscal responsibility. The CHARGE Investments Act encourages market-driven investment while safeguarding taxpayer dollars by relying on loans instead of grants and requiring a minimum 25% private capital contribution. For our industry, it creates a valuable financing tool that supports smart growth, adaptive reuse, and transit-connected development,” said Kamalesh (KP) Patel, Chairman of the Asian American Hotel Owners of America (AAHOA).

“By facilitating redevelopment near transit corridors and enabling hotel investment in high-impact areas, the CHARGE Investments Act offers a smart, modern, and locally responsive model for infrastructure and economic growth. GHLA applauds your leadership in advancing this thoughtful, pro-growth legislation. We are proud to support the CHARGE Investments Act and look forward to partnering with your office to move it forward,” said Chris Hardman, Director of Governmental Affairs for the Georgia Hotel and Lodging Association.

Read full bill text here.

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MIL OSI USA News –

July 18, 2025
MIL-OSI USA: U.S. Rep. Kathy Castor Steps Up to the Plate for Breast Cancer Survivor Shahra Lambert at 16th Annual Congressional Softball Game

Source: United States House of Representatives – Reprepsentative Kathy Castor (FL14)

WASHINGTON, D.C. – Yesterday, U.S. Rep. Kathy Castor (FL-14) played in the friendly rivalry softball game between the women of Congress and women of the D.C. press corps at the 16th Annual Congressional Women’s Softball Game (CWSG). Since 2009, the CWSG has supported the Young Survival Coalition by raising awareness of breast cancer in young women and honoring current fighters and survivors of cancer.

This year, Rep. Castor stepped up to the plate for her District Advisor Shahra Lambert, a breast cancer survivor and dedicated advocate for residents across the Tampa Bay area. As District Advisor, Lambert uses her expertise and deep understanding of the region to meaningfully engage with constituents and stakeholders across the community. Lambert’s impressive career includes fifteen years in leadership roles for former U.S. Senator Bill Nelson, during which time she worked on several initiatives to promote equity and community engagement. After Nelson was confirmed to lead NASA, Lambert joined the Administrator’s team as Senior Advisor. Her extensive experience with federal agencies, grassroots advocacy and strategic planning has been instrumental in advancing the district’s priorities and fostering stronger connections within the community.

Photos of the game are available here.

“I’m humbled and honored that Congresswoman Castor is not only playing in my honor but playing for all those survivors and their loved ones’ cancer journey,” said Lambert. “It takes a village, and I’m glad to be a part of and root for Team Castor and the Congressional Women’s Softball.”

“The Congressional Women’s Softball Game brings people together for a friendly rivalry game that helps bring people of all sides together to support initiatives raising awareness of breast cancer and underscoring the importance of young women knowing their risks and getting their screenings,” said Rep. Castor. “I was honored to play for my District Advisor, Shahra Lambert, whose exceptional experience and dedication to serving Florida families and small businesses are vital to my ability to connect with constituents and address their needs effectively. Shahra has been an asset in fighting to secure emergency federal support for my neighbors recovering from last year’s devastating hurricanes.”

An estimated 316,950 women will be diagnosed with breast cancer in 2025, and an estimated 43,700 women will die from the disease, according to the American Cancer Society. Rep. Castor has been a leader in Congress in advancing legislation to fight cancer through increased preventative care, expanded access to cancer screenings, coverage for timely cancer treatment and investments in cancer research.

“While I am thrilled to receive the Rep. Joanne Emerson Most Valuable Player Award this year as the Member Team’s pitcher, all of the women who have been diagnosed with breast cancer and have fought through the diagnosis are the true winners in my book,” said Rep. Castor.

MIL OSI USA News –

July 18, 2025
MIL-OSI USA: Sen. Larry Walker III Appointed to Senate Special Committee on Eliminating Georgia’s State Income Tax

Source: US State of Georgia

ATLANTA (July 17, 2025) — Today, Lt. Governor Burt Jones appointed Senator Larry Walker III (R–Perry) to the newly formed Senate Special Committee on Eliminating Georgia’s State Income Tax.

“I’m honored to be appointed by Lt. Governor Burt Jones to serve on this important committee,” said Sen. Walker. “This effort marks a critical step toward shaping Georgia’s economic future. Eliminating the state income tax is a bold goal that requires serious, thoughtful commitment. Our mission is to ensure that any proposed changes are fiscally responsible and in the best interest of Georgia’s families and businesses.”

The Senate Special Committee on Eliminating Georgia’s State Income Tax is charged with identifying viable pathways to eliminate the state income tax for all Georgians entirely. While the General Assembly has taken steps in recent years to reduce income tax rates for households and businesses, many Georgians still face a heavy tax burden. This committee will work to explore responsible solutions that ease that burden and create a more competitive economic environment.

Senator Blake Tillery (R–Vidalia) will serve as Chairman of the committee.

More information about this committee can be found here.

# # # #

Sen. Larry Walker serves as Secretary of the Majority Caucus and Chairman of the Senate Committee on Insurance and Labor. He represents the 20th Senate District, which includes Bleckley, Dodge, Dooly, Laurens, Treutlen, Pulaski and Wilcox counties, as well as portions of Houston County. He may be reached by phone at (404) 656-0095 or by email at Larry.Walker@senate.ga.gov.

For all media inquiries, please reach out to SenatePressInquiries@senate.ga.gov.

MIL OSI USA News –

July 18, 2025
MIL-OSI USA: Attorney General James Sues to Block Federal Rule Slashing Access to Affordable Health Care Coverage

Source: US State of New York

EW YORK – New York Attorney General Letitia James and 20 other states today filed a lawsuit challenging a new federal regulation that threatens to strip health care coverage from millions of Americans, drive up health care costs, and unlawfully remove gender-affirming care from the Affordable Care Act’s (ACA) essential health benefits. Attorney General James and the coalition argue that the new rule from the U.S. Department of Health and Human Services (HHS) and Centers for Medicare and Medicaid Services (CMS) violates federal law, ignores expert warnings, and places unjustified burdens on states and their residents. Attorney General James and the coalition are asking the court to block the rule, which they argue would devastate state health systems and endanger public health.

“This new rule is an illegal and dangerous attack on health care access,” said Attorney General James. “It strips working families of their health care coverage, imposes unnecessary red tape, and deliberately targets low-income and transgender Americans. In New York, we have expanded coverage, improved affordability, and protected New Yorkers’ health. The federal government should take every opportunity to learn from that success, not actively work to reverse it.”

Congress enacted the Patient Protection and Affordable Care Act (ACA) in 2010 to increase access to health insurance and lower costs for individuals and families. It created state-level health insurance marketplaces where people can compare and purchase affordable plans, and it required that all plans cover a core set of “essential health benefits.” States are also allowed to require coverage of additional benefits beyond the federal minimum. Over the past five years, ACA annual enrollment has doubled, with more than 24 million Americans signing up for coverage this year alone, many of whom receive subsidies to make their insurance even more affordable.

In June, HHS and CMS finalized a rule that makes sweeping changes to ACA eligibility and enrollment. Set to take effect in August, the rule will – by the administration’s own estimates – immediately strip coverage from up to two million people. It shortens open enrollment windows, eliminates year-round enrollment for low-income individuals, adds extensive paperwork and verification requirements, and makes it harder to access health care tax credits. It also limits automatic reenrollment and imposes illegal monthly charges on consumers who qualify for zero-dollar premium plans. Attorney General James and the coalition argue that these changes directly undermine the ACA’s core mission of expanding access to affordable health care.

The rule also unlawfully prohibits states from including gender-affirming care in the ACA’s list of essential health benefits. Under the new policy, insurers would be prohibited from covering gender-affirming services as essential benefits when those services are related to gender dysphoria. The same treatments remain covered, however, when provided for other purposes, such as treating endocrine disorders or delaying early puberty. The attorneys general argue this discriminatory policy has no legitimate justification and will cause serious harm, especially to transgender youth and young adults. Research overwhelmingly shows that access to gender-affirming care reduces depression, anxiety, and suicidality in transgender youth. In New York, the policy conflicts directly with state law, which prohibits discrimination in health care based on gender identity and other protected characteristics.

To implement this rule, HHS is overriding states’ authority to operate their own ACA marketplaces, requiring all exchanges, including successful state-run systems like New York’s, to implement these harmful changes. In New York, more than 220,000 people get their health insurance through the ACA marketplace. Since the marketplace was established, New York’s uninsured rate has dropped from 11 percent to 4.8 percent. If the new rule goes into effect, however, an estimated 12,000 New Yorkers will suddenly lose their health insurance, and premiums will rise across the state. The state will have to spend over $10 million on staff time alone to update its systems in line with the new rule, and the state marketplace warns that some proposals, such as the increased income verification requirements, will be impossible to implement in time for the new plan year.

Attorney General James and the coalition argue that HHS’s new rule violates both the Administrative Procedure Act and the ACA. They are asking the court to block key parts of the rule from taking effect and ultimately vacate them in full to prevent the significant financial and public health consequences it would impose, especially on states that have invested in running their own exchanges.

Joining Attorney General James in filing this lawsuit are the attorneys general of Arizona, California, Colorado, Connecticut, Delaware, Illinois, Maryland, Massachusetts, Maine, Michigan, Minnesota, Nevada, New Jersey, New Mexico, Oregon, Rhode Island, Vermont, Washington, and Wisconsin, as well as the governor of Pennsylvania.

MIL OSI USA News –

July 18, 2025
MIL-OSI USA: Attorney General Bonta Files Amicus Brief Opposing Trump Administration’s Efforts to Roll Back Legal Representation for Unaccompanied Children
Source: US State of California

OAKLAND — California Attorney General Rob Bonta today led a coalition of 20 attorneys general in filing an amicus brief in Community Legal Services in East Palo Alto, et al. vs. United States Department of Health and Human Services, et al., in support of a challenge to the Trump Administration’s abrupt termination of funding for legal services for unaccompanied immigrant children. In their brief, the attorneys general urge the Ninth Circuit Court of Appeals to affirm the preliminary injunction issued by the district court, arguing that the Trump Administration’s termination of federal funding for legal representation undermines the efforts of Amici States’ in ensuring the safety of unaccompanied children.

“As the People’s Attorney I am committed to protecting the safety, wellbeing, and rights of all children – including immigrant children – and ensuring that they have access to legal representation,” said Attorney General Bonta. “The Trump Administration’s attempt to roll back the rights of unaccompanied children not only undermines their safety but also increases the risk of legal complications, educational challenges, and other lasting harms.”

Attorney General Bonta and the multistate coalition have a strong interest in protecting the rights of unaccompanied immigrant children, as many of these children will eventually be released to sponsors in their states. In fiscal year 2024, approximately 10,800 unaccompanied children were released to sponsors in California — 11 percent of all unaccompanied children released to sponsors that year and the second-highest number of released children after Texas. These children become important members of their communities, students in their schools, and eventually, parents of their own families. Forcing these children to spend prolonged time in federal custody will make it more difficult for them to thrive in their communities upon release. A robust body of research shows that prolonged time in immigration custody is particularly harmful for children’s physical and mental health and disrupts their development.

In the amicus brief, the coalition urges the Ninth Circuit Court of Appeals to affirm the preliminary injunction issued by the district court, arguing that:
- Federal law recognizes the importance of providing legal representation to unaccompanied children in immigration proceedings.
- The termination of federal funding for legal representation for unaccompanied children will significantly increase the gaps in funding for legal services and legal service providers resulting in funding and staffing shortfalls.
- Unaccompanied children will experience various long-lasting harms without access to the multidisciplinary support and advocacy that legal representation provides.
In filing the amicus brief, Attorney General Bonta leads the attorneys general of Arizona, Colorado, Connecticut, Delaware, District of Columbia, Hawai’i, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, Oregon, Rhode Island, Vermont, and Washington.

A copy of the brief can be found here.

MIL OSI USA News –
July 18, 2025
MIL-OSI Security: Prague Man Sentenced for Setting Ex-Girlfriend’s House on Fire and Illegally Possessing a Firearm

Source: Office of United States Attorneys

TULSA, Okla. – Today, U.S. District Judge Gregory K. Frizzell sentenced Henry Joseph Arthur, Jr., 52, for Arson in Indian Country and Felon in Possession of a Firearm and Ammunition. Judge Frizzell ordered Arthur to serve 120 months’ imprisonment, followed by five years of supervised release.

In April 2023, Arthur plotted and devised a plan to burn down his ex-girlfriend’s home. Surveillance and GPS data showed Arthur was responsible for setting the house on fire and burning it to the ground. While on pretrial bond, Arthur violated the terms of his bond and failed to participate in the court-ordered substance abuse program successfully. The court issued a warrant for Arthur’s arrest, and the U.S. Marshals found Arthur illegally in possession of a loaded handgun.

Court records show that Arthur has been convicted of 19 prior felonies, multiple protective order violations, domestic assault and battery, and crimes that endanger public safety.

Arthur will remain in custody pending transfer to the U.S. Bureau of Prisons.

The Bureau of Alcohol, Tobacco, Firearms and Explosives, the Creek County Sheriff’s Office, and the Kellyville Fire Department investigated the case. The U.S. Marshal Service assisted in Arthur’s arrest. Assistant U.S. Attorney Niko Boulieris prosecuted the case.

This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results. For more information about Project Safe Neighborhoods, please visit Justice.gov/PSN.

MIL Security OSI –

July 18, 2025
MIL-OSI Security: Undocumented Alien Sentenced in Federal Court for Using a False Social Security Number to Obtain Employment at Boise Hotel

Source: Office of United States Attorneys

BOISE – Lina Marcela Ospina Isaza, 24, of Bucaramanga, Colombia, was sentenced to time served of approximately 2 months imprisonment for the false use of a social security number, Acting U.S. Attorney Justin D. Whatcott announced today. U.S. District Court Judge Amanda K. Brailsford waived the fine and special assessment due to Isaza’s likely deportation. Isaza pleaded guilty on June 10, 2025.

According to court records, Isaza, a Colombian citizen, unlawfully entered the United States near Otay Mesa, California on December 1, 2023. She was arrested and admitted to illegally crossing the international boundary without being inspected by an immigration officer at a designated Port of Entry. However, she was released from the custody of the Department of Homeland Security by “Order of Recognizance,” pending an immigration hearing. Isaza provided her address to a location in Massachusetts and was instructed that if she moved, she had five days to update her address with the Department of Homeland Security. Isaza instead moved to Boise and purchased a fraudulent social security card and a fraudulent legal permanent resident card. She presented both to a Boise hotel in April 2024 to obtain employment and signed an I-9 form that contained the fraudulent social security card number. She subsequently changed jobs and admitted to using the same fraudulent social security card to obtain new employment at a downtown Boise hotel in May 2024.

Acting U.S. Attorney Whatcott commended the work of Homeland Security Investigations, which led to the charge. Assistant U.S. Attorney Christian Nafzger prosecuted the case.

This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations, and protect our communities from the perpetrators of violent crime.

Isaza is one of eight recent indictments returned in the District of Idaho of undocumented aliens using false social security numbers and fraudulent legal permanent resident cards to unlawfully obtain employment at various businesses in Boise. The Department of Homeland Security continues to inspect I-9 employment forms to identify employees who fraudulently use social security numbers and/or fraudulent lawful permanent resident cards. False use of a Social Security Number is a felony offense which carries up to five years imprisonment and a $250,000 fine. For employers, the Department of Homeland Security increased civil penalties for Immigration Reform and Control Act violations on January 2, 2025. The new civil penalty for knowingly hiring, recruiting, referral or retention of unauthorized aliens was increased to a maximum fine of $5,724 (per unauthorized alien) for a first offense and up to $28,619 (per unauthorized alien) for a third or subsequent offense.

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MIL Security OSI –

July 18, 2025
MIL-OSI Security: California man convicted of fraud for operating call centers that preyed on struggling homeowners

Source: Office of United States Attorneys

Seattle –The operator of a web of boiler-room-type call centers was convicted Wednesday in U.S. District Court in Seattle for defrauding over 1,000 distressed homeowners facing foreclosure, announced Acting U.S. Attorney Teal Luthy Miller. Mohammed Zafaranchi, 43, aka ‘Mike Ferry’ was convicted of all twelve federal charges he faced: conspiracy to commit wire fraud, five counts of wire fraud, five counts of money laundering, and obstruction of justice. After a seven-day trial, the jury deliberated for about four hours before returning the guilty verdicts. Zafaranchi faces up to 20 years in prison when sentenced by U.S. District Judge John C. Coughenour on October 21, 2025.

“The defendant preyed on vulnerable homeowners who were desperate to avoid losing their homes in a difficult economy,” said Acting U.S. Attorney Miller. “He manipulated these people into paying him thousands of dollars they could not afford to lose. Mr. Zafaranchi demonstrated he knew his activities were illegal when he destroyed evidence just after learning the FBI had served search warrants at one of his call centers.”

Zafaranchi’s fraud involved purchasing data that identified homeowners who were behind on their mortgages and at risk of losing their homes. Each week, Zafaranchi sent thousands of solicitation mailers falsely telling the distressed homeowners they were eligible for government programs that would reduce their mortgage debt by 30% and reduce their interest rate to 2%. The mailers told homeowners to call a phone number before a made-up deadline to get the mortgage modification.

When homeowners called the call centers, operators followed a series of scripts telling homeowners that lawyers and underwriters had vetted their case and negotiated a modification with their lender. The scripts instructed operators to place callers on hold for a pre-determined amount of time to build suspense and make it appear a review was underway. The operator would then return to the line and tell each victim he or she was one of the very select few who qualified for the program—but only if the homeowner paid the call center a $3,000 legal fee to “finalize” the modification. Assistant United States Attorney Lauren Watts Staniar said in closing arguments that “Each stage of the script was designed to entice the victim into the fraud and get them to pay the fee.”

In fact, Zafaranchi’s businesses had no legal or underwriting staff. Instead, untrained workers simply scanned the homeowners’ financial records, completed a basic application form, and sent the documents to the banks. The homeowners did not receive the modifications promised in the mailers, and some lost their homes.

After taking the victims’ money, Zafaranchi laundered the funds through shell bank accounts and withdrew the proceeds in cash. He was convicted of money laundering for this conduct.

On March 29, 2018, the FBI served a search warrant on the call center in Everett Washington. After learning of this search, Zafaranchi told his California employees to remove the computers and other evidence from his California offices. That night, Zafaranchi destroyed all records associated with three email accounts he used to operate the businesses. For that conduct, Zafaranchi was convicted of obstruction of justice.

Zafaranchi’s two coconspirators have already pleaded guilty. Mark Lezama is scheduled for sentencing on October 14, 2025. Josh Herrera is scheduled for sentencing on October 21, 2025.

The case was investigated by the FBI. The case is being prosecuted by Assistant United States Attorneys Seth Wilkinson, Lauren Watts Staniar, and Dane A. Westermeyer. The Federal Housing Finance Agency Office of Inspector General provided support in the case.

MIL Security OSI –

July 18, 2025
MIL-OSI Security: Franklin County Man Sentenced for Assaulting Girlfriend, Fatally Shooting Dog

Source: Office of United States Attorneys

ST. LOUIS – U.S. District Judge Rodney W. Sippel on Thursday sentenced a convicted felon who violently assaulted his girlfriend and a neighbor and fatally shot his dog to 78 months in prison.

Leslie Rector, 30, pleaded guilty in U.S. District Court in St. Louis in April to one count of being a felon in possession of a firearm. He admitted that on April 16, 2024, he assaulted his girlfriend and shot his dog while intoxicated. He later assaulted his neighbor while looking for his girlfriend.

Pacific Police Department officers talked to the girlfriend early the next morning at a gas station. She had suffered extensive injuries to her face and head. Officers then contacted the Franklin County Sheriff’s Office, believing that the assault had occurred in their jurisdiction. Deputies talked to the victim and took her to the hospital. They went to Rector’s home and found a blood-spattered van, the body of a dog and four firearms. Rector is a convicted felon and is thus barred from possessing firearms.

The Franklin County Sheriff’s Office and the Pacific Police Department investigated the case. Assistant U.S. Attorney Catherine Hoag prosecuted the case.

This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

MIL Security OSI –

July 18, 2025
MIL-OSI Security: Former veteran’s service organization leader charged with federal program theft

Source: Office of United States Attorneys

HOUSTON – A 59-year-old Brenham resident has been charged in a criminal information for misappropriating thousands in federal grant funding, announced U.S. Attorney Nicholas J. Ganjei.

Clifford Wayne Robertson is expected to make his initial appearance before U.S. Magistrate Judge Richard W. Bennett July 28 at 10 a.m.

Robertson allegedly misappropriated federal grant funding awarded to Castle Cares Community Ministry Inc. dba The Warrior’s Refuge, a nonprofit organization serving as a veteran’s homeless shelter and service facility. The charges allege that during his tenure as CEO and executive director, Robertson submitted multiple applications for federal assistance to the Department of Veterans Affairs (VA) and Department of Labor (DOL) between February and April 2020. The Warrior’s Refuge allegedly received approximately $1.3 million and $500,000 in VA and DOL grant funds, respectively, as a result of those applications.

The information alleges that Robertson did knowingly and intentionally embezzle a portion of the federal grants awarded to the organization for unallowable personal expenditures and for counseling services that he never rendered to veterans.

If convicted, he faces up to 10 years in federal prison and a $250,000 maximum possible fine.

VA – Office of Inspector General (OIG) and DOL – OIG and Texas Department of Public Safety conducted the investigation. Assistant U.S. Attorney Shirin Hakimzadeh is prosecuting the case.

A criminal information is a formal accusation of criminal conduct, not evidence. A defendant is presumed innocent unless convicted through due process of law.

MIL Security OSI –

July 18, 2025
MIL-OSI Security: Former veteran’s service organization leader charged with federal program theft

Source: Office of United States Attorneys

HOUSTON – A 59-year-old Brenham resident has been charged in a criminal information for misappropriating thousands in federal grant funding, announced U.S. Attorney Nicholas J. Ganjei.

Clifford Wayne Robertson is expected to make his initial appearance before U.S. Magistrate Judge Richard W. Bennett July 28 at 10 a.m.

Robertson allegedly misappropriated federal grant funding awarded to Castle Cares Community Ministry Inc. dba The Warrior’s Refuge, a nonprofit organization serving as a veteran’s homeless shelter and service facility. The charges allege that during his tenure as CEO and executive director, Robertson submitted multiple applications for federal assistance to the Department of Veterans Affairs (VA) and Department of Labor (DOL) between February and April 2020. The Warrior’s Refuge allegedly received approximately $1.3 million and $500,000 in VA and DOL grant funds, respectively, as a result of those applications.

The information alleges that Robertson did knowingly and intentionally embezzle a portion of the federal grants awarded to the organization for unallowable personal expenditures and for counseling services that he never rendered to veterans.

If convicted, he faces up to 10 years in federal prison and a $250,000 maximum possible fine.

VA – Office of Inspector General (OIG) and DOL – OIG and Texas Department of Public Safety conducted the investigation. Assistant U.S. Attorney Shirin Hakimzadeh is prosecuting the case.

A criminal information is a formal accusation of criminal conduct, not evidence. A defendant is presumed innocent unless convicted through due process of law.

MIL Security OSI –

July 18, 2025
MIL-OSI: Eos Energy Enterprises Announces Date for Second Quarter 2025 Financial Results and Conference Call

Source: GlobeNewswire (MIL-OSI)

EDISON, N.J., July 17, 2025 (GLOBE NEWSWIRE) — Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), an American energy company and the leading innovator in designing, sourcing, manufacturing, and providing zinc-based battery energy storage systems (BESS) manufactured in the United States, today announced it will release its second quarter 2025 financial results after the U.S. market closes on July 30, 2025. A conference call to discuss its results will take place the following morning on July 31, 2025, at 8:30 a.m. Eastern Time.

Eos partners with Say Technologies to allow retail and institutional shareholders to submit and vote on questions ahead of the earnings call. A selection of key questions applicable to the broad investor base will be addressed live during the call, offering shareholders an opportunity to engage with Eos management.

Beginning on July 18, 2025, at 8:00 a.m. ET, registered shareholders will be able to submit questions via the Say Technologies Q&A Platform, which will remain open until 6:00 p.m. ET on July 28, 2025. For any support inquiries shareholders may email support@saytechnologies.com.

Registration Information

The live webcast of the earnings call will be available on the “Investor Relations” page of the Company’s website at Eos Investors or may be accessed using this link (registration link). To avoid delays, we encourage participants to join the conference call fifteen minutes ahead of the scheduled start time.

The conference call replay will be available via webcast through Eos’ investor relations website for twelve months following the live presentation. The webcast replay will be available from approximately 11:30 a.m. ET on July 31, 2025, and can be accessed by visiting Eos Investors.

About Eos Energy Enterprises

Eos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. It is safe, scalable, secure, sustainable, manufactured in the U.S., and the core of our innovative systems that today provides utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 4 to 16+ hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit eose.com.

Contacts
Investors: ir@eose.com
Media: media@eose.com

The MIL Network –

July 18, 2025
MIL-OSI: Talen Energy Expands and Enhances Portfolio with Best-in-Class CCGT Acquisitions in PJM
Source: GlobeNewswire (MIL-OSI)

HOUSTON, July 17, 2025 (GLOBE NEWSWIRE) — Talen Energy Corporation (“Talen,” “we,” or “our”) (NASDAQ: TLN), a leading independent power producer, announced it has signed definitive agreements to acquire Caithness Energy’s Moxie Freedom Energy Center (“Moxie”) in Pennsylvania and Caithness Energy and BlackRock’s Guernsey Power Station (“Guernsey”) in Ohio, both combined-cycle gas-fired plants located within the PJM power market.

The net acquisition price is $3.5 billion after adjusting for estimated tax benefits, or approximately $3.8 billion gross. The net purchase price reflects an attractive acquisition multiple of 6.7x 2026 EV/EBITDA for two of the most efficient natural gas plants in PJM, at a material discount to current new-build CCGT costs. The transaction is expected to be immediately accretive to free cash flow per share by over 40% in 2026, and over 50% through 2029.

“This acquisition enhances Talen’s fleet by selectively adding modern, highly efficient baseload H-class CCGTs in Talen’s key markets, where we are an innovator in data center contracting,” said Mac McFarland, Talen President and Chief Executive Officer. “The transaction is immediately and highly accretive, maintains our balance sheet discipline, and adds more than the equivalent of another Susquehanna nuclear plant to our platform, further enabling large load service.”

“Caithness has built an extensive portfolio of leading-edge power generation facilities to support our valued customers,” said James D. Bishop, Jr., Chairman and CEO of Caithness Energy. “We are proud of what we have accomplished and this sale to Talen positions the assets for continued success under a strong and successful management team.”

⸻

Key Strategic and Acquisition Highlights
- Expands Talen’s Fleet with Modern, High Efficiency, H-Class CCGTs: These highly efficient plants add both baseload generation and cash flow diversification. The plants have an average heat rate of 6,550 Btu/kWh. Their highly efficient dispatch profile results in significant energy margin and strong cash flow conversion and increases our annual generation by 50% from approximately 40 TWh to 60 TWh.
  The plants benefit from an advantaged location and reliable access to gas pipeline infrastructure from the Marcellus and Utica shale formations, with their rich natural gas reserves and interconnects to primary natural gas pipelines.
- Enhances Platform for Data Center and Large-load Contracting: The addition of the facilities to Talen’s portfolio enhances Talen’s ability to offer reliable, scalable, grid-supported and regionally diverse low-carbon capacity to hyperscale data centers and large commercial off-takers. With greater operational flexibility, proximity to key load pockets, and proven track record in bilateral contracting, the proforma company will be well positioned to meet the evolving needs of high-growth, 24/7 power demand sectors.
- Unlocks Material Value Day One: Immediately accretive to free cash flow per share by over 40% in 2026, and over 50% through 2029.
- Maintains Balance Sheet Strength: Talen expects robust pro forma cash flows to drive rapid deleveraging and is committed to maintaining a leverage target of 3.5x or lower, anticipated by year-end 2026.
- Capital Allocation Discipline: The acquisition supports a target of approximately $500 million of annual share repurchases through the 2026 deleveraging period with an aimed return to capital allocation of 70% of adjusted free cash flow thereafter.
Additional Transaction Details
Talen expects to issue approximately $3.8 billion in new debt to fund the acquisitions and refinance target debt, using both secured and unsecured instruments.

The Moxie and Guernsey transactions are both expected to close in Q4 2025. Each transaction is subject to the satisfaction of customary closing conditions, including the expiration or termination of the waiting period pursuant to the Hart-Scott-Rodino act, and regulatory approvals from the Federal Energy Regulatory Commission and other regulatory agencies.

As part of the transaction, Talen is also acquiring the equity interests in Guernsey owned by the mid-market infrastructure funds managed by Global Infrastructure Partners (GIP), a part of BlackRock.

⸻

Advisors
RBC Capital Markets and Citi are co-lead financial advisors to Talen. Kirkland & Ellis LLP and White & Case LLP are legal counsel to Talen. Cahill Gordon & Reindel LLP is legal counsel to RBC Capital Markets and Citi.

Lazard is lead financial advisor to Caithness. Paul Hastings LLP is legal counsel to Caithness. Morgan Stanley & Co. LLC served as lead financial advisor and Simpson Thacher & Bartlett LLP is legal counsel to Global Infrastructure Partners, a part of BlackRock.

⸻

Investor Call
Talen will host an investor call at 4:30 p.m. EDT today, Thursday, July 17, 2025. To participate in the call, please register for the webcast via the page linked here. Participants can also join by phone by registering via the form linked here prior to the start time of the call to receive a conference call dial-in number. For those unable to participate in the live event, a digital replay will be archived for approximately one year and available on the Events page of Talen’s Investor Relations website linked here.

⸻

About Talen
Talen Energy (NASDAQ: TLN) is a leading independent power producer and energy infrastructure company dedicated to powering the future. We own and operate approximately 10.7 gigawatts of power infrastructure in the United States, including 2.2 gigawatts of nuclear power and a significant dispatchable fossil fleet. We produce and sell electricity, capacity, and ancillary services into wholesale U.S. power markets, with our generation fleet principally located in the Mid-Atlantic and Montana. Our team is committed to generating power safely and reliably and delivering the most value per megawatt produced. Talen is also powering the digital infrastructure revolution. We are well-positioned to serve this growing industry, as artificial intelligence data centers increasingly demand more reliable, clean power. Talen is headquartered in Houston, Texas. For more information, visit https://www.talenenergy.com/.

⸻

About Caithness
Caithness Energy, LLC is a privately held independent power producer with over 30 years of experience developing, managing, and operating innovative power generation projects. Headquartered in New York, Caithness focuses on clean, efficient natural gas and renewable energy assets, including the Moxie and Guernsey facilities—some of the most advanced combined-cycle gas plants in the U.S. The company is known for its leadership in developing state-of-the-art, low-carbon generation solutions that support reliable power delivery and environmental stewardship.

⸻

Forward-Looking Statements
This communication contains forward-looking statements within the meaning of the federal securities laws, which statements are subject to substantial risks and uncertainties. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this communication, or incorporated by reference into this communication, are forward-looking statements. Throughout this communication, we have attempted to identify forward-looking statements by using words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecasts,” “goal,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” or other forms of these words or similar words or expressions or the negative thereof, although not all forward-looking statements contain these terms. Forward-looking statements address future events and conditions concerning, among other things statements regarding the proposed Moxie and Guernsey acquisitions, the expected closing of the proposed transactions and the timing thereof, the financing of the proposed transactions, capital expenditures, earnings, litigation, regulatory matters, hedging, liquidity and capital resources, accounting matters, expectations, beliefs, plans, objectives, goals, strategies, future events or performance, shareholder returns and underlying assumptions. Forward-looking statements are subject to substantial risks and uncertainties that could cause our future business, financial condition, results of operations or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this communication. All of our forward-looking statements include assumptions underlying or relating to such statements that may cause actual results to differ materially from expectations and are subject to numerous factors that present considerable risks and uncertainties.

⸻

Talen Contact Information

Investor Relations
Sergio Castro, Talen Energy
Vice President & Treasurer
(281) 203-5315
InvestorRelations@talenenergy.com

Media Contact
Taryne Williams, Talen Energy
Director, Corporate Communications
Taryne.Williams@talenenergy.com

The MIL Network –
July 18, 2025
MIL-OSI: Credit Acceptance Named 2025 Top Workplace in Financial Services

Source: GlobeNewswire (MIL-OSI)

Southfield, Michigan, July 17, 2025 (GLOBE NEWSWIRE) — Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named a 2025 Top Workplace in Financial Services for the second consecutive year. We ranked #4 in the 1,000+ employee size category, up five spots from last year.

“Our goal is to create a workplace where team members love coming to work because they know they can make a difference,” said Ken Booth, Chief Executive Officer, Credit Acceptance. “Through a meaningful mission that gives team members opportunities to positively impact the lives of our customers, our listening culture where every voice matters, and a commitment to remote work that provides incredible flexibility, it’s clear why we’re consistently recognized as a great place to work.”

Alongside our mission of changing lives, our PRIDE values—Positive, Respectful, Insightful, Direct, Earnest—are the foundation of our culture. By living these values each day, team members create an environment where trust is built, collaboration thrives, and every person feels empowered to make a difference.

This is the fourth workplace award we have received this year, including reaching #34 on Fortune’s 2025 100 Best Companies to Work For^® list and #2 on the 2025 Top Workplaces USA list.

The Top Workplaces USA Awards are based on a survey administered by Energage which measures 15 culture drivers that are proven to predict high performance against industry benchmarks.

About Credit Acceptance

We make vehicle ownership possible by providing innovative financing solutions that enable automobile dealers to sell vehicles to consumers regardless of their credit history. Our financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to advertisements for our financing programs, but who actually end up qualifying for traditional financing.

Without our financing programs, consumers are often unable to purchase vehicles, or they purchase unreliable ones. Further, as we report to the three national credit reporting agencies, an important ancillary benefit of our programs is that we provide consumers with an opportunity to improve their lives by improving their credit score and move on to more traditional sources of financing. Credit Acceptance is publicly traded on the Nasdaq Stock Market under the symbol CACC. For more information, visit creditacceptance.com.

About Energage

Energage is a purpose-driven company that helps organizations turn employee feedback into useful business intelligence and credible employer recognition through Top Workplaces. Built on 18 years of culture research and the results from 27 million employees surveyed across more than 70,000 organizations, Energage delivers the most accurate competitive benchmark available. With access to a unique combination of patented analytic tools and expert guidance, Energage customers lead the competition with an engaged workforce and an opportunity to gain recognition for their people-first approach to culture. For more information or to nominate your organization, visit energage.com or topworkplaces.com.

The MIL Network –

July 18, 2025
MIL-OSI: Credit Acceptance Named 2025 Top Workplace in Financial Services

Source: GlobeNewswire (MIL-OSI)

Southfield, Michigan, July 17, 2025 (GLOBE NEWSWIRE) — Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named a 2025 Top Workplace in Financial Services for the second consecutive year. We ranked #4 in the 1,000+ employee size category, up five spots from last year.

“Our goal is to create a workplace where team members love coming to work because they know they can make a difference,” said Ken Booth, Chief Executive Officer, Credit Acceptance. “Through a meaningful mission that gives team members opportunities to positively impact the lives of our customers, our listening culture where every voice matters, and a commitment to remote work that provides incredible flexibility, it’s clear why we’re consistently recognized as a great place to work.”

Alongside our mission of changing lives, our PRIDE values—Positive, Respectful, Insightful, Direct, Earnest—are the foundation of our culture. By living these values each day, team members create an environment where trust is built, collaboration thrives, and every person feels empowered to make a difference.

This is the fourth workplace award we have received this year, including reaching #34 on Fortune’s 2025 100 Best Companies to Work For^® list and #2 on the 2025 Top Workplaces USA list.

The Top Workplaces USA Awards are based on a survey administered by Energage which measures 15 culture drivers that are proven to predict high performance against industry benchmarks.

About Credit Acceptance

We make vehicle ownership possible by providing innovative financing solutions that enable automobile dealers to sell vehicles to consumers regardless of their credit history. Our financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to advertisements for our financing programs, but who actually end up qualifying for traditional financing.

Without our financing programs, consumers are often unable to purchase vehicles, or they purchase unreliable ones. Further, as we report to the three national credit reporting agencies, an important ancillary benefit of our programs is that we provide consumers with an opportunity to improve their lives by improving their credit score and move on to more traditional sources of financing. Credit Acceptance is publicly traded on the Nasdaq Stock Market under the symbol CACC. For more information, visit creditacceptance.com.

About Energage

Energage is a purpose-driven company that helps organizations turn employee feedback into useful business intelligence and credible employer recognition through Top Workplaces. Built on 18 years of culture research and the results from 27 million employees surveyed across more than 70,000 organizations, Energage delivers the most accurate competitive benchmark available. With access to a unique combination of patented analytic tools and expert guidance, Energage customers lead the competition with an engaged workforce and an opportunity to gain recognition for their people-first approach to culture. For more information or to nominate your organization, visit energage.com or topworkplaces.com.

The MIL Network –

July 18, 2025
MIL-OSI: Netcapital Announces Closing of Up To $5.9 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules

Source: GlobeNewswire (MIL-OSI)

$3 million upfront with up to an additional $2.9 million of potential aggregate gross proceeds upon the exercise in full of short-term warrants

Boston, July 17, 2025 (GLOBE NEWSWIRE) — Netcapital Inc. (the “Company”) (NASDAQ: NCPL, NPCLW), a digital private capital markets ecosystem, today announced the closing of its previously announced registered direct offering priced at-the-market under Nasdaq rules for the purchase and sale of 641,712 shares of common stock at a purchase price of $4.675 per share. In a concurrent private placement, the Company issued unregistered short-term warrants to purchase up to 641,712 shares of common stock at an exercise price of $4.55 per share that are immediately exercisable upon issuance and will expire twenty-four months following the effective date of the registration statement covering the resale of the shares of common stock issuable upon exercise of the unregistered short-term warrants.

H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.

The gross proceeds to the Company from the offering were approximately $3 million, before deducting placement agent fees and other offering expenses payable by the Company. The potential additional gross proceeds to the Company from the unregistered short-term warrants, if fully-exercised on a cash basis, will be approximately $2.9 million. No assurance can be given that any of such unregistered short-term warrants will be exercised. The Company intends to use the net proceeds from the offering for the repayment of certain outstanding promissory notes and for general working capital purposes.

The common stock (but not the unregistered short-term warrants and the shares of common stock underlying the unregistered short-term warrants) described above were offered by the Company pursuant to a “shelf” registration statement on Form S-3 (File No. 333-267921) that was declared effective by the Securities and Exchange Commission (the “SEC”) on October 26, 2022. The offering of the shares of common stock was made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A final prospectus supplement and accompanying prospectus relating to the registered direct offering was filed with the SEC. Electronic copies of the final prospectus supplement and accompanying prospectus may be obtained on the SEC’s website at http://www.sec.gov or by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, New York 10022, by phone at (212) 856-5711 or e-mail at placements@hcwco.com.

The unregistered short-term warrants described above were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and/or Regulation D promulgated thereunder and, along with the shares of common stock underlying such unregistered short-term warrants, have not been registered under the Securities Act, or applicable state securities laws. Accordingly, the unregistered short-term warrants and underlying shares of common stock may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.

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

About Netcapital Inc.

Netcapital Inc. is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. The Company’s consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies. The Company’s funding portal, Netcapital Funding Portal Inc. is registered with the U.S. Securities & Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities association. The Company’s broker-dealer, Netcapital Securities Inc., is also registered with the SEC and is a member of FINRA.

Forward Looking Statements

The information contained herein includes forward-looking statements. These statements relate to future events, including, but not limited to, statements relating to the exercise of the unregistered short-term warrants prior to their expiration and statements regarding the anticipated use of proceeds from the offering, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Investor Contacts
800-460-0815
ir@netcapital.com

The MIL Network –

July 18, 2025
MIL-OSI: Netcapital Announces Closing of Up To $5.9 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules

Source: GlobeNewswire (MIL-OSI)

$3 million upfront with up to an additional $2.9 million of potential aggregate gross proceeds upon the exercise in full of short-term warrants

Boston, July 17, 2025 (GLOBE NEWSWIRE) — Netcapital Inc. (the “Company”) (NASDAQ: NCPL, NPCLW), a digital private capital markets ecosystem, today announced the closing of its previously announced registered direct offering priced at-the-market under Nasdaq rules for the purchase and sale of 641,712 shares of common stock at a purchase price of $4.675 per share. In a concurrent private placement, the Company issued unregistered short-term warrants to purchase up to 641,712 shares of common stock at an exercise price of $4.55 per share that are immediately exercisable upon issuance and will expire twenty-four months following the effective date of the registration statement covering the resale of the shares of common stock issuable upon exercise of the unregistered short-term warrants.

H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.

The gross proceeds to the Company from the offering were approximately $3 million, before deducting placement agent fees and other offering expenses payable by the Company. The potential additional gross proceeds to the Company from the unregistered short-term warrants, if fully-exercised on a cash basis, will be approximately $2.9 million. No assurance can be given that any of such unregistered short-term warrants will be exercised. The Company intends to use the net proceeds from the offering for the repayment of certain outstanding promissory notes and for general working capital purposes.

The common stock (but not the unregistered short-term warrants and the shares of common stock underlying the unregistered short-term warrants) described above were offered by the Company pursuant to a “shelf” registration statement on Form S-3 (File No. 333-267921) that was declared effective by the Securities and Exchange Commission (the “SEC”) on October 26, 2022. The offering of the shares of common stock was made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A final prospectus supplement and accompanying prospectus relating to the registered direct offering was filed with the SEC. Electronic copies of the final prospectus supplement and accompanying prospectus may be obtained on the SEC’s website at http://www.sec.gov or by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, New York 10022, by phone at (212) 856-5711 or e-mail at placements@hcwco.com.

The unregistered short-term warrants described above were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and/or Regulation D promulgated thereunder and, along with the shares of common stock underlying such unregistered short-term warrants, have not been registered under the Securities Act, or applicable state securities laws. Accordingly, the unregistered short-term warrants and underlying shares of common stock may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.

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

About Netcapital Inc.

Netcapital Inc. is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. The Company’s consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies. The Company’s funding portal, Netcapital Funding Portal Inc. is registered with the U.S. Securities & Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities association. The Company’s broker-dealer, Netcapital Securities Inc., is also registered with the SEC and is a member of FINRA.

Forward Looking Statements

The information contained herein includes forward-looking statements. These statements relate to future events, including, but not limited to, statements relating to the exercise of the unregistered short-term warrants prior to their expiration and statements regarding the anticipated use of proceeds from the offering, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Investor Contacts
800-460-0815
ir@netcapital.com

The MIL Network –

July 18, 2025

MIL-OSI: ACM Research to Release Second Quarter 2025 Financial Results on August 6, 2025

Source: GlobeNewswire (MIL-OSI)

FREMONT, Calif., July 17, 2025 (GLOBE NEWSWIRE) — ACM Research, Inc. (“ACM”) (NASDAQ: ACMR) announced today that it will release its financial results for the second quarter of 2025 before the U.S. market open on Wednesday, August 6, 2025. ACM will conduct a corresponding conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m. China Time) to discuss the results.

	What:	ACM Second Quarter (ended June 30, 2025) Earnings Call
	When:	8:00 a.m. U.S. Eastern Time on Wednesday, August 6, 2025
	Webcast:	ir.acmr.com/news-events/events

To join the conference call via telephone, participants must use the following link to complete an online registration process. Upon registering, each participant will receive email instructions to access the conference call, including dial-in information and a PIN number allowing access to the conference call. This pre-registration process is designed by the operator to reduce delays due to operator congestion when accessing the live call.

Online Registration: https://register-conf.media-server.com/register/BI4cceb211743b41b191ff1a256e07b4cf

Participants who have not pre-registered may join the webcast by accessing the link at ir.acmr.com/news-events/events.

A live and archived webcast of the conference call will be available on the Investors section of ACM’s website at www.acmr.com.

About ACM Research, Inc.

ACM develops, manufactures and sells semiconductor process equipment spanning cleaning, electroplating, stress-free polishing, vertical furnace processes, track, PECVD, and wafer- and panel-level packaging tools, enabling advanced and semi-critical semiconductor device manufacturing. ACM is committed to delivering customized, high-performance, cost-effective process solutions that semiconductor manufacturers can use in numerous manufacturing steps to improve productivity and product yield. For more information, visit www.acmr.com.

© ACM Research, Inc. The ACM Research logo is a trademark of ACM Research, Inc. For convenience, this trademark appears in this press release without a ™ symbol, but that practice does not mean that ACM will not assert, to the fullest extent under applicable law, its rights to such trademark.

For investor and media inquiries, please contact:
	In the United States:	The Blueshirt Group
		Steven C. Pelayo, CFA
		+1 (360) 808-5154
		steven@blueshirtgroup.co

	In China:	The Blueshirt Group Asia
		Gary Dvorchak, CFA
		+86 (138) 1079-1480
		gary@blueshirtgroup.co

The MIL Network –

July 18, 2025