Category: Politics

  • MIL-OSI Canada: Enhancing trade corridors in the Pacific Northwest

    Minister of Transportation and Economic Corridors Devin Dreeshen will attend this year’s Pacific NorthWest Economic Region (PNWER) Annual Summit and take part in a panel discussion and fireside chat to highlight the importance of economic corridors to facilitating Alberta’s mutually beneficial trade with the region.  

    Associate Minister of Water Grant Hunter will participate in two panels: Aquatic Invasive Species: Lurking Threat to the Regional Economy and Environment, and Technology and the Future of Water.

    MLA for Lac Ste. Anne-Parkland Shane Getson, MLA for Vermilion-Lloydminster-Wainwright Garth Rowswell, MLA for Cypress-Medicine Hat Justin Wright, MLA for Chestermere-Strathmore Chantelle de Jonge and MLA for Leduc-Beaumont Brandon Lunty will also attend the summit, teaming up to advance Alberta’s priorities in meetings, working groups and sessions.

    Alberta’s delegates will bring the province’s perspective to future-focused discussions on a broad range of priorities when meeting and engaging with U.S. state legislators, officials and influential corporate leaders from across the Pacific Northwest region. These priorities include making the case for enhancing Alberta-U.S. energy collaboration and working together to support the key policies, infrastructure and pathways needed to move even more of Alberta’s traditional and emerging energy products to our growing list of customers in the U.S.

    Alberta’s government and industry partners have begun preparations to host the 2026 PNWER Annual Summit. MLA Shane Getson will also take the opportunity to formally invite PNWER delegates to make the trip to Edmonton next July to see firsthand why Alberta’s vast resources and homegrown solutions are the answer to the United States’ prosperous future.

    “Alberta is a leader in collaborating with other jurisdictions to advance strategic trade corridors to position Canada as a global gateway and unlock access to new markets, strengthen national security and drive economic growth. I look forward to meeting with our U.S. partners and sharing Alberta’s successes in establishing economic corridors as well as highlighting our vision related to new corridors and nation-building projects.”

    Devin Dreeshen, Minister of Transportation and Economic Corridors

    “Water is one of our most valuable resources, and this summit is a chance to have meaningful conversations that help to drive regional solutions for the issues that matter to Albertans. From drought and water infrastructure to the fight against aquatic invasive species, this is an opportunity to work with our neighbours, share what’s working and shape what comes next.”

    Grant Hunter, Associate Minister of Water

    “As the president of PNWER Canada, I am eager to strengthen our trade relationships with member states. I am confident that this year will grow the long list of influential U.S. decision makers who are committed to working with Alberta, aiding in decision-making that will benefit people on both sides of the border.”

    Shane Getson, MLA for Lac Ste. Anne-Parkland

    “We are a trading province, and our goal is to strengthen Alberta’s ties with the U.S. Pacific Northwest for the benefit of the people of Alberta, and every province and state represented at PNWER.

    I look forward to highlighting the countless opportunities to grow our economies, and our trading relationship as long-standing allies.”

    Garth Rowswell, MLA for Vermilion-Lloydminster-Wainwright

    “Along with our fellow Canadians in British Columbia, Saskatchewan, Manitoba, Yukon and the Northwest Territories, Alberta has been a member of PNWER since its founding more than three decades ago. Our time at this year’s summit is a great opportunity to continue building on that legacy as Alberta prepares to host the 2026 PNWER Annual Summit in our capital city next July.”

    Justin Wright, MLA for Cypress-Medicine Hat

    “Alberta’s strengths in agriculture, energy, ground-breaking technologies, emissions reduction solutions and more make our province the perfect fit for addressing the priorities of our PNWER partners. I look forward to showcasing the important role that Alberta can play in building a resilient future through regional collaboration, innovation and enhanced trade across the Pacific Northwest and beyond.”

    Chantelle de Jonge, MLA for Chestermere-Strathmore

    “Alberta is a powerhouse of economic opportunity. Working alongside U.S. legislators to maintain and enhance cost-effective and efficient corridors between Alberta and our long-standing customers in the Pacific Northwest is key to ensuring our two nations contribute to one another’s overall success, including job security and economic stability for all our citizens.”

    Brandon Lunty, MLA for Leduc-Beaumont

    PNWER is a non-partisan, public/private partnership that was established in 1991 to advance the economic well-being, quality of life and common interests of its 10 member jurisdictions, which include the states of Alaska, Idaho, Oregon, Montana and Washington, the provinces of British Columbia, Alberta and Saskatchewan, and the Yukon and Northwest Territories.

    Minister Dreeshen will travel with one staff member and Associate Minister Hunter will travel with two staff members. Mission expenses will be posted on the travel and expense disclosure page.

    Quick facts

    • The U.S. is Alberta’s largest trading partner, and Alberta is the second-largest provincial exporter to the U.S. after Ontario.
    • In 2024, Alberta’s exports to the U.S. totalled C$162.1 billion, accounting for 88.7 per cent of total provincial exports. The U.S. is also an important source of industrial inputs and consumer goods for the province.
    • The Pacific Northwest is an important trade region for Alberta. In 2024, bilateral trade between Alberta and the PNWER U.S. member states totalled C$21 billion.

    Itinerary for Minister Dreeshen*

    July 22

    • Travel to Bellevue, WA.
    • Meetings and sessions with legislators and decision makers at the 2025 PNWER Annual Summit.

    July 23

    • Participate as a panelist in the session on Economic Corridors: Ports, Routes & the Future of Trade.
    • Meetings and sessions with legislators and decision makers at the 2025 PNWER Annual Summit.

    July 24

    • Travel to Alberta.

    *Subject to change.

    Itinerary for Associate Minister Hunter*

    July 20

    • Travel to Bellevue, WA.
    • Meetings and sessions with legislators and decision makers at the 2025 PNWER Annual Summit.

    July 21

    • Participate in the session Aquatic Invasive Species: Lurking Threat to the Regional Economy and Environment.
    • Participate in the session Technology and the Future of Water.
    • Meetings and sessions with legislators and decision makers at the 2025 PNWER Annual Summit.

    July 22

    • Travel to Alberta.

    *Subject to change.

    Itinerary for MLAs Getson, Rowswell, de Jonge and Lunty*

    July 20

    • Travel to Bellevue, WA.
    • Meetings and sessions with legislators and decision makers at the 2025 PNWER Annual Summit.

    July 21-24

    • Meetings and sessions with legislators and decision makers at the 2025 PNWER Annual Summit.
    • Travel to Alberta.

    *Subject to change.

    Itinerary for MLA Wright*

    July 20

    • Travel to Bellevue, WA.
    • Meetings and sessions with legislators and decision makers at the 2025 PNWER Annual Summit.

    July 21-23

    • Meetings and sessions with legislators and decision makers at the 2025 PNWER Annual Summit.
    • Travel to Alberta.

    *Subject to change.

    Related information

    • Pacific NorthWest Economic Region (PNWER)

    MIL OSI Canada News

  • MIL-OSI: Oak Valley Bancorp Reports 2nd Quarter Results and Announces Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    OAKDALE, Calif., July 18, 2025 (GLOBE NEWSWIRE) — Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results. For the three months ended June 30, 2025, consolidated net income was $5,588,000, or $0.67 per diluted share (EPS), as compared to $5,297,000, or $0.64 EPS, for the prior quarter and $5,889,000, or $0.71 EPS, for the same period a year ago. Consolidated net income for the six months ended June 30, 2025 was $10,885,000, or $1.31 EPS, compared to $11,616,000 or $1.41 EPS for the same period of 2024.

    The increase in second quarter net income compared to the prior quarter was the result of loan growth, a rise in the yield of the loan portfolio, and the corresponding increase in interest income. The QTD and YTD decreases compared to the same periods of 2024 were related to an increase in deposit interest expense and general operating expenses.

    Net interest income for the three-months ended June 30, 2025 was $18,154,000, compared to $17,807,000 in the prior quarter, and $17,292,000 in the same period a year ago. The increase in net interest income over the prior periods is attributed to an increase in average earning asset balances and loan yields. Gross loans grew by $18,903,000 and $39,820,000 during the second quarter and prior twelve months, respectively, while loans yields continue to trend upward. The cost of funds increased throughout 2024, but began to decline during the first six months of 2025, ending at 0.77% during the second quarter of 2025, as compared to 0.79% for the prior quarter, and 0.73% for the same period of 2024. Net interest margin for the three months ended June 30, 2025 was 4.11%, compared to 4.09% for the prior quarter and 4.11% for the same period last year.

    “Our solid earnings results reflect our steady and cautious approach to managing our business. The increase in net interest income due to loan growth and stable interest margins demonstrates our ability to navigate changing market conditions. Our commitment to relationship-based deposit growth remains strong, enabling us to maintain a competitive lending strategy and manage profitability,” stated Rick McCarty, President and Chief Operating Officer.

    Non-interest income was $1,703,000 for the three-months ended June 30, 2025, compared to $1,613,000 for the prior quarter and $1,760,000 for the same period last year. The increase over the prior period was mainly due to fair value adjustments on a limited partner equity investment and increased production from our investment advisory service and related fee income. The decrease compared to the same period a year ago was the result of the same investment advisory service fee income.

    Non-interest expense totaled $12,688,000 for the three-months ended June 30, 2025, compared to $12,624,000 in the prior quarter and $11,616,000 in the same quarter a year ago. The increases compared to prior periods are due to general operating costs related to servicing the growing loan and deposit portfolios.

    Total assets were $1.92 billion at June 30, 2025, a decrease of $3.5 million from March 31, 2025 and an increase of $80.4 million over June 30, 2024. Gross loans were $1.11 billion at June 30, 2025, an increase of $18.9 million over March 31, 2025 and $39.8 million over June 30, 2024. The Company’s total deposits were $1.71 billion as of June 30, 2025, a decrease of $2.4 million from March 31, 2025 and an increase of $66.5 million over June 30, 2024. Our liquidity position remains strong, as evidenced by $198.9 million in cash and cash equivalents balances at June 30, 2025.

    “We are pleased with the continued expansion of our loan portfolio and the overall strength of our balance sheet. While deposits declined marginally from the previous quarter, our year-over-year deposit trajectory remains on an upward trend,” stated Chris Courtney, CEO. “Our growth is a testament to the unwavering dedication and collaboration of our team members. Their commitment to providing outstanding service to our clients has been instrumental in driving our steady growth and ability to exceed client expectations.”        

    Non-performing assets (“NPA”) remained at zero as of June 30, 2025, as they were for all of 2025 and 2024. The allowance for credit losses (“ACL”) as a percentage of gross loans decreased slightly to 1.03% at June 30, 2025, compared to 1.05% at March 31, 2025 and 1.04% at June 30, 2024. The decrease in the ACL as a percentage of gross loans from the prior periods is mainly due to the growth in the loan portfolio. Management has performed a thorough analysis of credit risk as part of the CECL model’s ACL computation, concluding that the credit loss reserves relative to gross loans remains at acceptable levels, and credit quality remains stable. As a result, the Company did not record a provision for credit losses during the second quarter.

    The Board of Directors of Oak Valley Bancorp at their July 15, 2025, meeting declared the payment of a cash dividend of $0.30 per share of common stock to its shareholders of record at the close of business on July 28, 2025. The payment date will be August 8, 2025 and will amount to approximately $2,515,000. This is the second dividend payment made by the Company in 2025.

    Oak Valley Bancorp operates Oak Valley Community Bank & their Eastern Sierra Community Bank division, through which it offers a variety of loan and deposit products to individuals and small businesses. They currently operate through 18 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, two branches in Sonora, three branches in Modesto, and three branches in their Eastern Sierra division, which includes Bridgeport, Mammoth Lakes, and Bishop. The company will open its 19th branch location later this year in Lodi.

    For more information, call 1-866-844-7500 or visit www.ovcb.com.

    This press release includes forward-looking statements about the corporation for which the corporation claims the protection of safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.

    Forward-looking statements are based on management’s knowledge and belief as of today and include information concerning the corporation’s possible or assumed future financial condition, and its results of operations and business. Forward-looking statements are subject to risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include fluctuations in interest rates, government policies and regulations (including monetary and fiscal policies), legislation, economic conditions, including increased energy costs in California, credit quality of borrowers, operational factors and competition in the geographic and business areas in which the company conducts its operations. All forward-looking statements included in this press release are based on information available at the time of the release, and the Company assumes no obligation to update any forward-looking statement.

    Oak Valley Bancorp
    Financial Highlights (unaudited)
                 
    Selected Quarterly Operating Data: 2nd Quarter 1st Quarter 4th Quarter 3rd Quarter 2nd Quarter
    ($ in thousands, except per share) 2025 2025 2024 2024 2024
                 
      Net interest income $ 18,154   $ 17,807   $ 17,846   $ 17,655   $ 17,292  
      (Reversal of) provision for credit losses               (1,620 )    
      Non-interest income   1,703     1,613     1,430     1,846     1,760  
      Non-interest expense   12,688     12,624     11,548     11,324     11,616  
      Net income before income taxes   7,169     6,796     7,728     9,797     7,436  
      Provision for income taxes   1,581     1,499     1,720     2,473     1,547  
      Net income $ 5,588   $ 5,297   $ 6,008   $ 7,324   $ 5,889  
                 
      Earnings per common share – basic $ 0.68   $ 0.64   $ 0.73   $ 0.89   $ 0.72  
      Earnings per common share – diluted $ 0.67   $ 0.64   $ 0.73   $ 0.89   $ 0.71  
      Dividends paid per common share $   $ 0.300   $   $ 0.225   $  
      Return on average common equity   12.21 %   11.58 %   12.86 %   16.54 %   14.19 %
      Return on average assets   1.18 %   1.13 %   1.25 %   1.56 %   1.30 %
      Net interest margin (1)   4.11 %   4.09 %   4.00 %   4.04 %   4.11 %
      Efficiency ratio (2)   63.90 %   65.01 %   59.91 %   58.07 %   60.97 %
                 
    Capital – Period End          
      Book value per common share $ 22.17   $ 21.89   $ 21.95   $ 22.18   $ 20.55  
                 
    Credit Quality – Period End          
      Nonperforming assets / total assets   0.00 %   0.00 %   0.00 %   0.00 %   0.00 %
      Credit loss reserve / gross loans   1.03 %   1.05 %   1.04 %   1.07 %   1.04 %
                 
    Balance Sheet – Period End (in thousands)          
      Total assets $ 1,920,909   $ 1,924,365   $ 1,900,604   $ 1,900,455   $ 1,840,521  
      Gross loans   1,109,856     1,090,953     1,106,535     1,075,138     1,070,036  
      Nonperforming assets                    
      Allowance for credit losses   11,430     11,448     11,460     11,479     11,121  
      Deposits   1,711,241     1,713,592     1,695,690     1,690,301     1,644,748  
      Common equity   185,805     183,520     183,436     185,393     171,799  
                 
    Balance Sheet – Average (in thousands)          
      Average assets $ 1,903,741   $ 1,903,585   $ 1,909,691   $ 1,863,983   $ 1,814,643  
      Average earning assets   1,818,430     1,814,338     1,819,649     1,780,056     1,737,270  
      Average equity   183,612     185,592     185,345     175,693     166,429  
                 
    Non-Financial Data          
      Full-time equivalent staff   231     225     223     222     223  
      Number of banking offices   18     18     18     18     18  
                 
    Common Shares outstanding          
      Period end   8,382,062     8,382,062     8,357,211     8,358,711     8,359,556  
      Period average – basic   8,245,147     8,231,844     8,224,504     8,221,475     8,219,699  
      Period average – diluted   8,285,299     8,278,301     8,278,427     8,263,790     8,248,295  
                 
    Market Ratios          
      Stock Price $ 27.24   $ 24.96   $ 29.25   $ 26.57   $ 24.97  
      Price/Earnings   10.02     9.56     10.09     7.52     8.69  
      Price/Book   1.23     1.14     1.33     1.20     1.22  
                 
    (1) This is a non-GAAP measure because its computed on a fully tax equivalent basis using a marginal federal tax rate of 21%.  
    (2) This ratio was changed to GAAP basis as of the quarter ended December 31, 2024, and all prior periods have been restated accordingly.
                 
                 
                 
    Profitability SIX MONTHS ENDED JUNE 30,      
    ($ in thousands, except per share) 2025 2024      
                 
      Net interest income $ 35,961   $ 34,533        
      (Reversal of) provision for credit losses              
      Non-interest income   3,316     3,279        
      Non-interest expense   25,312     23,145        
      Net income before income taxes   13,965     14,667        
      Provision for income taxes   3,080     3,051        
      Net income $ 10,885   $ 11,616        
                 
      Earnings per share – basic $ 1.32   $ 1.41        
      Earnings per share – diluted $ 1.31   $ 1.41        
      Dividends paid per share $ 0.30   $ 0.225        
      Return on average equity   11.89 %   14.03 %      
      Return on average assets   1.15 %   1.28 %      
      Net interest margin (1)   4.10 %   4.10 %      
      Efficiency ratio (2)   64.44 %   59.36 %      
                 
    Capital – Period End          
      Book value per share $ 22.17   $ 20.55        
                 
    Credit Quality – Period End          
      Nonperforming assets/ total assets   0.00 %   0.00 %      
      Credit loss reserve/ gross loans   1.03 %   1.04 %      
                 
    Balance Sheet – Period End (in thousands)          
      Total assets $ 1,920,909   $ 1,840,521        
      Gross loans   1,109,856     1,070,036        
      Nonperforming assets              
      Allowance for credit losses   11,430     11,121        
      Deposits   1,711,241     1,644,748        
      Stockholders’ equity   185,805     171,799        
                 
    Balance Sheet – Average (in thousands)          
      Average assets $ 1,903,663   $ 1,819,426        
      Average earning assets   1,816,395     1,740,898        
      Average equity   184,596     166,071        
                 
    Non-Financial Data          
      Full-time equivalent staff   231     223        
      Number of banking offices   18     18        
                 
    Common Shares outstanding          
      Period end   8,382,062     8,359,556        
      Period average – basic   8,238,532     8,214,658        
      Period average – diluted   8,281,819     8,246,472        
                 
    Market Ratios          
      Stock Price $ 27.24   $ 24.97        
      Price/Earnings   10.22     8.81        
      Price/Book   1.23     1.22        
                 
      (1) This is a non-GAAP measure because its computed on a fully tax equivalent basis using a marginal federal tax rate of 21%.
      (2) This ratio was changed to GAAP basis as of the year ended December 31, 2024, and the prior period has been restated accordingly.
    Contact: Chris Courtney/Rick McCarty
    Phone:  (209) 848-2265
      www.ovcb.com

    The MIL Network

  • MIL-OSI: Oak Valley Bancorp Reports 2nd Quarter Results and Announces Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    OAKDALE, Calif., July 18, 2025 (GLOBE NEWSWIRE) — Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results. For the three months ended June 30, 2025, consolidated net income was $5,588,000, or $0.67 per diluted share (EPS), as compared to $5,297,000, or $0.64 EPS, for the prior quarter and $5,889,000, or $0.71 EPS, for the same period a year ago. Consolidated net income for the six months ended June 30, 2025 was $10,885,000, or $1.31 EPS, compared to $11,616,000 or $1.41 EPS for the same period of 2024.

    The increase in second quarter net income compared to the prior quarter was the result of loan growth, a rise in the yield of the loan portfolio, and the corresponding increase in interest income. The QTD and YTD decreases compared to the same periods of 2024 were related to an increase in deposit interest expense and general operating expenses.

    Net interest income for the three-months ended June 30, 2025 was $18,154,000, compared to $17,807,000 in the prior quarter, and $17,292,000 in the same period a year ago. The increase in net interest income over the prior periods is attributed to an increase in average earning asset balances and loan yields. Gross loans grew by $18,903,000 and $39,820,000 during the second quarter and prior twelve months, respectively, while loans yields continue to trend upward. The cost of funds increased throughout 2024, but began to decline during the first six months of 2025, ending at 0.77% during the second quarter of 2025, as compared to 0.79% for the prior quarter, and 0.73% for the same period of 2024. Net interest margin for the three months ended June 30, 2025 was 4.11%, compared to 4.09% for the prior quarter and 4.11% for the same period last year.

    “Our solid earnings results reflect our steady and cautious approach to managing our business. The increase in net interest income due to loan growth and stable interest margins demonstrates our ability to navigate changing market conditions. Our commitment to relationship-based deposit growth remains strong, enabling us to maintain a competitive lending strategy and manage profitability,” stated Rick McCarty, President and Chief Operating Officer.

    Non-interest income was $1,703,000 for the three-months ended June 30, 2025, compared to $1,613,000 for the prior quarter and $1,760,000 for the same period last year. The increase over the prior period was mainly due to fair value adjustments on a limited partner equity investment and increased production from our investment advisory service and related fee income. The decrease compared to the same period a year ago was the result of the same investment advisory service fee income.

    Non-interest expense totaled $12,688,000 for the three-months ended June 30, 2025, compared to $12,624,000 in the prior quarter and $11,616,000 in the same quarter a year ago. The increases compared to prior periods are due to general operating costs related to servicing the growing loan and deposit portfolios.

    Total assets were $1.92 billion at June 30, 2025, a decrease of $3.5 million from March 31, 2025 and an increase of $80.4 million over June 30, 2024. Gross loans were $1.11 billion at June 30, 2025, an increase of $18.9 million over March 31, 2025 and $39.8 million over June 30, 2024. The Company’s total deposits were $1.71 billion as of June 30, 2025, a decrease of $2.4 million from March 31, 2025 and an increase of $66.5 million over June 30, 2024. Our liquidity position remains strong, as evidenced by $198.9 million in cash and cash equivalents balances at June 30, 2025.

    “We are pleased with the continued expansion of our loan portfolio and the overall strength of our balance sheet. While deposits declined marginally from the previous quarter, our year-over-year deposit trajectory remains on an upward trend,” stated Chris Courtney, CEO. “Our growth is a testament to the unwavering dedication and collaboration of our team members. Their commitment to providing outstanding service to our clients has been instrumental in driving our steady growth and ability to exceed client expectations.”        

    Non-performing assets (“NPA”) remained at zero as of June 30, 2025, as they were for all of 2025 and 2024. The allowance for credit losses (“ACL”) as a percentage of gross loans decreased slightly to 1.03% at June 30, 2025, compared to 1.05% at March 31, 2025 and 1.04% at June 30, 2024. The decrease in the ACL as a percentage of gross loans from the prior periods is mainly due to the growth in the loan portfolio. Management has performed a thorough analysis of credit risk as part of the CECL model’s ACL computation, concluding that the credit loss reserves relative to gross loans remains at acceptable levels, and credit quality remains stable. As a result, the Company did not record a provision for credit losses during the second quarter.

    The Board of Directors of Oak Valley Bancorp at their July 15, 2025, meeting declared the payment of a cash dividend of $0.30 per share of common stock to its shareholders of record at the close of business on July 28, 2025. The payment date will be August 8, 2025 and will amount to approximately $2,515,000. This is the second dividend payment made by the Company in 2025.

    Oak Valley Bancorp operates Oak Valley Community Bank & their Eastern Sierra Community Bank division, through which it offers a variety of loan and deposit products to individuals and small businesses. They currently operate through 18 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, two branches in Sonora, three branches in Modesto, and three branches in their Eastern Sierra division, which includes Bridgeport, Mammoth Lakes, and Bishop. The company will open its 19th branch location later this year in Lodi.

    For more information, call 1-866-844-7500 or visit www.ovcb.com.

    This press release includes forward-looking statements about the corporation for which the corporation claims the protection of safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.

    Forward-looking statements are based on management’s knowledge and belief as of today and include information concerning the corporation’s possible or assumed future financial condition, and its results of operations and business. Forward-looking statements are subject to risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include fluctuations in interest rates, government policies and regulations (including monetary and fiscal policies), legislation, economic conditions, including increased energy costs in California, credit quality of borrowers, operational factors and competition in the geographic and business areas in which the company conducts its operations. All forward-looking statements included in this press release are based on information available at the time of the release, and the Company assumes no obligation to update any forward-looking statement.

    Oak Valley Bancorp
    Financial Highlights (unaudited)
                 
    Selected Quarterly Operating Data: 2nd Quarter 1st Quarter 4th Quarter 3rd Quarter 2nd Quarter
    ($ in thousands, except per share) 2025 2025 2024 2024 2024
                 
      Net interest income $ 18,154   $ 17,807   $ 17,846   $ 17,655   $ 17,292  
      (Reversal of) provision for credit losses               (1,620 )    
      Non-interest income   1,703     1,613     1,430     1,846     1,760  
      Non-interest expense   12,688     12,624     11,548     11,324     11,616  
      Net income before income taxes   7,169     6,796     7,728     9,797     7,436  
      Provision for income taxes   1,581     1,499     1,720     2,473     1,547  
      Net income $ 5,588   $ 5,297   $ 6,008   $ 7,324   $ 5,889  
                 
      Earnings per common share – basic $ 0.68   $ 0.64   $ 0.73   $ 0.89   $ 0.72  
      Earnings per common share – diluted $ 0.67   $ 0.64   $ 0.73   $ 0.89   $ 0.71  
      Dividends paid per common share $   $ 0.300   $   $ 0.225   $  
      Return on average common equity   12.21 %   11.58 %   12.86 %   16.54 %   14.19 %
      Return on average assets   1.18 %   1.13 %   1.25 %   1.56 %   1.30 %
      Net interest margin (1)   4.11 %   4.09 %   4.00 %   4.04 %   4.11 %
      Efficiency ratio (2)   63.90 %   65.01 %   59.91 %   58.07 %   60.97 %
                 
    Capital – Period End          
      Book value per common share $ 22.17   $ 21.89   $ 21.95   $ 22.18   $ 20.55  
                 
    Credit Quality – Period End          
      Nonperforming assets / total assets   0.00 %   0.00 %   0.00 %   0.00 %   0.00 %
      Credit loss reserve / gross loans   1.03 %   1.05 %   1.04 %   1.07 %   1.04 %
                 
    Balance Sheet – Period End (in thousands)          
      Total assets $ 1,920,909   $ 1,924,365   $ 1,900,604   $ 1,900,455   $ 1,840,521  
      Gross loans   1,109,856     1,090,953     1,106,535     1,075,138     1,070,036  
      Nonperforming assets                    
      Allowance for credit losses   11,430     11,448     11,460     11,479     11,121  
      Deposits   1,711,241     1,713,592     1,695,690     1,690,301     1,644,748  
      Common equity   185,805     183,520     183,436     185,393     171,799  
                 
    Balance Sheet – Average (in thousands)          
      Average assets $ 1,903,741   $ 1,903,585   $ 1,909,691   $ 1,863,983   $ 1,814,643  
      Average earning assets   1,818,430     1,814,338     1,819,649     1,780,056     1,737,270  
      Average equity   183,612     185,592     185,345     175,693     166,429  
                 
    Non-Financial Data          
      Full-time equivalent staff   231     225     223     222     223  
      Number of banking offices   18     18     18     18     18  
                 
    Common Shares outstanding          
      Period end   8,382,062     8,382,062     8,357,211     8,358,711     8,359,556  
      Period average – basic   8,245,147     8,231,844     8,224,504     8,221,475     8,219,699  
      Period average – diluted   8,285,299     8,278,301     8,278,427     8,263,790     8,248,295  
                 
    Market Ratios          
      Stock Price $ 27.24   $ 24.96   $ 29.25   $ 26.57   $ 24.97  
      Price/Earnings   10.02     9.56     10.09     7.52     8.69  
      Price/Book   1.23     1.14     1.33     1.20     1.22  
                 
    (1) This is a non-GAAP measure because its computed on a fully tax equivalent basis using a marginal federal tax rate of 21%.  
    (2) This ratio was changed to GAAP basis as of the quarter ended December 31, 2024, and all prior periods have been restated accordingly.
                 
                 
                 
    Profitability SIX MONTHS ENDED JUNE 30,      
    ($ in thousands, except per share) 2025 2024      
                 
      Net interest income $ 35,961   $ 34,533        
      (Reversal of) provision for credit losses              
      Non-interest income   3,316     3,279        
      Non-interest expense   25,312     23,145        
      Net income before income taxes   13,965     14,667        
      Provision for income taxes   3,080     3,051        
      Net income $ 10,885   $ 11,616        
                 
      Earnings per share – basic $ 1.32   $ 1.41        
      Earnings per share – diluted $ 1.31   $ 1.41        
      Dividends paid per share $ 0.30   $ 0.225        
      Return on average equity   11.89 %   14.03 %      
      Return on average assets   1.15 %   1.28 %      
      Net interest margin (1)   4.10 %   4.10 %      
      Efficiency ratio (2)   64.44 %   59.36 %      
                 
    Capital – Period End          
      Book value per share $ 22.17   $ 20.55        
                 
    Credit Quality – Period End          
      Nonperforming assets/ total assets   0.00 %   0.00 %      
      Credit loss reserve/ gross loans   1.03 %   1.04 %      
                 
    Balance Sheet – Period End (in thousands)          
      Total assets $ 1,920,909   $ 1,840,521        
      Gross loans   1,109,856     1,070,036        
      Nonperforming assets              
      Allowance for credit losses   11,430     11,121        
      Deposits   1,711,241     1,644,748        
      Stockholders’ equity   185,805     171,799        
                 
    Balance Sheet – Average (in thousands)          
      Average assets $ 1,903,663   $ 1,819,426        
      Average earning assets   1,816,395     1,740,898        
      Average equity   184,596     166,071        
                 
    Non-Financial Data          
      Full-time equivalent staff   231     223        
      Number of banking offices   18     18        
                 
    Common Shares outstanding          
      Period end   8,382,062     8,359,556        
      Period average – basic   8,238,532     8,214,658        
      Period average – diluted   8,281,819     8,246,472        
                 
    Market Ratios          
      Stock Price $ 27.24   $ 24.97        
      Price/Earnings   10.22     8.81        
      Price/Book   1.23     1.22        
                 
      (1) This is a non-GAAP measure because its computed on a fully tax equivalent basis using a marginal federal tax rate of 21%.
      (2) This ratio was changed to GAAP basis as of the year ended December 31, 2024, and the prior period has been restated accordingly.
    Contact: Chris Courtney/Rick McCarty
    Phone:  (209) 848-2265
      www.ovcb.com

    The MIL Network

  • MIL-OSI: Lake Shore Bancorp Announces Closing of Conversion Transaction

    Source: GlobeNewswire (MIL-OSI)

    DUNKIRK, N.Y., July 18, 2025 (GLOBE NEWSWIRE) — Lake Shore Bancorp, Inc. (“Lake Shore Bancorp”) (NASDAQ: LSBK), the new holding company for Lake Shore Bank (the “Bank”), announced that the conversion of Lake Shore, MHC from mutual to stock form, the related stock offering by Lake Shore Bancorp and the Bank’s conversion from a federal savings bank to a New York chartered commercial bank closed following the close of business today. Lake Shore Bancorp’s common stock is expected to begin trading on the Nasdaq Global Market under the trading symbol “LSBK” on July 21, 2025.

    As a result of the subscription offering, Lake Shore Bancorp sold a total of 4,950,460 shares of its common stock (approximately the midpoint of the offering range) at a price of $10.00 per share for total gross proceeds of $49.5 million.

    Lake Shore Bancorp’s transfer agent, Computershare Trust Company, N.A. (“Computershare”), expects to mail Direct Registration System (“DRS”) Book-Entry statements for shares purchased in the subscription offering and interest checks, on or about July 21, 2025.

    As part of the conversion transaction, each outstanding share of Lake Shore Bancorp, Inc., a federal corporation (“Lake Shore Federal Bancorp”) common stock owned by the public stockholders of Lake Shore Federal Bancorp (stockholders other than Lake Shore, MHC) as of the closing date was converted into shares of Lake Shore Bancorp common stock based on an exchange ratio of 1.3549 shares of Lake Shore Bancorp common stock for each share of Lake Shore Federal Bancorp common stock so that Lake Shore Federal Bancorp’s existing public stockholders will own approximately the same percentage of Lake Shore Bancorp’s common stock as they owned of Lake Shore Federal Bancorp’s common stock immediately prior to the conversion, subject to adjustment as disclosed in the prospectus. Cash was issued in lieu of a fractional share of Lake Shore Bancorp common stock based on the offering price of $10.00 per share. Upon the completion of the conversion and stock offering, approximately 7,825,877 shares of Lake Shore Bancorp common stock are outstanding before adjustment for fractional shares.

    Stockholders of Lake Shore Federal Bancorp holding shares in street name will receive shares of Lake Shore Bancorp common stock and cash in lieu of fractional shares within their accounts. Stockholders of Lake Shore Federal Bancorp holding shares in certificated form will be mailed a letter of transmittal on or about July 21, 2025. After submitting their stock certificates and a properly completed letter of transmittal to Computershare, stockholders will receive DRS Book-Entry statements reflecting their shares of Lake Shore Bancorp common stock and checks for cash in lieu of fractional shares.

    Luse Gorman, PC acted as legal counsel to Lake Shore Bancorp and Lake Shore Federal Bancorp. Raymond James & Associates, Inc. acted as marketing agent for Lake Shore Bancorp in the subscription offering. Kilpatrick Townsend & Stockton LLP acted as legal counsel to Raymond James & Associates, Inc.

    About Lake Shore

    Lake Shore Bancorp is the holding company of Lake Shore Bank, a New York chartered, community-oriented financial institution headquartered in Dunkirk, New York. The Bank has ten full-service branch locations in Western New York, including four in Chautauqua County and six in Erie County. The Bank offers a broad range of retail and commercial lending and deposit services. Lake Shore Bancorp’s common stock is traded on the NASDAQ Global Market as “LSBK”. Additional information about Lake Shore Bancorp is available at www.lakeshoresavings.com.

    Safe-Harbor

    This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, that are based on current expectations, estimates and projections about Lake Shore Federal Bancorp’s, Lake Shore Bancorp, Inc.’s (collectively, the “Company”) and the Bank’s industry, and management’s beliefs and assumptions. Words such as anticipates, expects, intends, plans, believes, estimates and variations of such words and expressions are intended to identify forward-looking statements. Such statements reflect management’s current views of future events and operations. These forward-looking statements are based on information currently available to the Company as of the date of this release. It is important to note that these forward-looking statements are not guarantees of future performance and involve and are subject to significant risks, contingencies, and uncertainties, many of which are difficult to predict and are generally beyond our control including, but not limited to, possible unforeseen delays in delivering DRS Book-Entry statements or interest checks; delays in the start of trading due to market disruptions or otherwise, data loss or other security breaches, including a breach of our operational or security systems, policies or procedures, including cyber-attacks on us or on our third party vendors or service providers, economic conditions, the effect of changes in monetary and fiscal policy, inflation, tariffs, unanticipated changes in our liquidity position, climate change, geopolitical conflicts, public health issues, increased unemployment, deterioration in the credit quality of the loan portfolio and/or the value of the collateral securing repayment of loans, reduction in the value of investment securities, the cost and ability to attract and retain key employees, regulatory or legal developments, tax policy changes, dividend policy changes and our ability to implement and execute our business plan and strategy and expand our operations. These factors should be considered in evaluating forward looking statements and undue reliance should not be placed on such statements, as our financial performance could differ materially due to various risks or uncertainties. We do not undertake to publicly update or revise our forward-looking statements if future changes make it clear that any projected results expressed or implied therein will not be realized.

    Legal Disclosures

    The shares of common stock of Lake Shore Bancorp, Inc. are not savings accounts or deposit accounts and are not insured by the Federal Deposit Insurance Corporation or by any other governmental agency.

    Source: Lake Shore Bancorp, Inc.
    Category: Financial

    Investor Relations/Media Contact
    Kim C. Liddell
    President, CEO, and Director
    Lake Shore Bancorp, Inc.
    31 East Fourth Street
    Dunkirk, New York 14048
    (716) 366-4070 ext. 1012

    The MIL Network

  • MIL-OSI Security: Billings man sentenced to 12 years in prison for distributing meth and fentanyl

    Source: Office of United States Attorneys

    BILLINGS – A man who distributed drugs in the Billings area was sentenced today to 144 months in prison to be followed by 5 years of supervised release, U.S. Attorney Kurt Alme said.

    Shannon Ray Emeline, 45, pleaded guilty in January 2025 to one count of distribution of methamphetamine and one count of possession with intent to distribute methamphetamine and fentanyl.

    U.S. District Judge Susan P. Watters presided.

    The government alleged in court documents that on February 22, 2024, DEA agents arranged for a confidential source to purchase methamphetamine from Emeline. The deal took place in Emeline’s vehicle and the source paid him $2,000 for a quantity of meth.

    In April 2024, agents with the Montana Division of Criminal Investigation searched a residence in Billings, where they located a significant quantity of methamphetamine. They subsequently learned Emeline had purchased the meth and was actively distributing the drugs in Billings.

    On May 1, another confidential source told investigators Emeline was staying at a Billings hotel to meet with a source of supply. Agents surveilled the hotel and located Emeline’s vehicle in the parking lot. They performed a traffic stop, searched the vehicle, and seized a plastic bag containing meth and another bag containing fentanyl.

    Investigators interviewed Emeline, who admitted renting the hotel room to facilitate the purchase of two pounds of meth. Agents subsequently searched the room and found a bag of meth, a bag of fentanyl, and $6,855.

    Assistant U.S. Attorney Jacob Yerger prosecuted the case. The investigation was conducted by the DEA, Montana Division of Criminal Investigation, and Montana Highway Patrol.

    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 https://www.justice.gov/psn.

    XXX

    MIL Security OSI

  • MIL-OSI Canada: Step into Alberta’s natural beauty on Parks Day

    Two people canoe on a lake during a summer day in Kananaskis Country.

    From mountains to vast prairies, Alberta is home to captivating wild spaces offering countless opportunities to explore, enjoy and reconnect with nature. Whether it’s hiking, fishing, camping or hanging out by the beach, Alberta’s provincial parks and protected areas have an activity for everyone.

    Alberta’s parks offer more than beautiful landscapes – they play a key role in boosting physical health and mental well-being and are community spaces that encourage connection to each other and nature. Alberta Parks hosts special Parks Day events across the province, including family friendly activities, as well as educational programs that celebrate Alberta’s wildlife, environment and history.

    “I want to wish all Albertans a happy Parks Day! Parks Day gives us the opportunity to celebrate the incredible outdoor spaces that define our province – from the badlands to rugged backcountry trails, to the peaceful lakeside campgrounds. Parks are for people, and whether you are headed out to camp, fish or hike this weekend, Alberta Parks offers something for everyone to celebrate, recreate and enjoy nature.”

    Todd Loewen, Minister of Forestry and Parks

    Since 1990, Parks Day has been celebrated on the third Saturday in July to highlight the benefits of parks and natural spaces across Canada. In 2025, Alberta’s provincial parks system celebrates 95 years of protecting the province’s natural heritage, preserving critical habitats and providing a home to a diverse range of wildlife. Alberta Parks offers many activities for the whole family throughout the year, including guided tours, hikes and educational programs designed to provide fun for all ages.

    “Alberta’s provincial parks are where memories are made, families connect, and visitors from near and far come to experience the beauty and spirit of our province. As we celebrate Parks Day and 95 years of Alberta’s parks system, we recognize the vital role these natural spaces play in our well-being, our tourism economy and our connection to the land. TIAA is proud to join Albertans in honouring the places that inspire adventure, reflection, and community.”

    Darren Reeder, president and CEO, Tourism Industry Association of Alberta (TIAA)

    This year, Alberta’s government is engaging the public on the draft Plan for Parks. Albertans can participate in the online survey until July 26 to have their say in the future of our parks. Alberta’s government also launched a seniors’ discount on camping fees for Albertans at select campgrounds, opening the door to more low-cost outdoor adventures and opportunities to foster a deeper connection with nature. 

    Quick facts

    • Alberta’s provincial parks system contains 464 provincial parks and protected areas. 
    • Alberta recently established Gipsy Gordon Wildland Provincial Park, adding 150,000 hectares to the parks system.
    • Last year, 591,000 camper nights were booked at Alberta parks.
    • The Provincial Parks and Protected Areas Act was passed in 1930 and Alberta’s first park – Aspen Beach Provincial Park – was established in 1932. 

    Related information

    • Parks Day events
    • Plan for Parks engagement page

    MIL OSI Canada News

  • MIL-OSI USA: Congressional Delegation Demands USPS Refocus on Drug Interdiction, Protection of Children, Theft Prevention, and Other Core Duties

    Source: United States House of Representatives – Representative Don Beyer (D-VA)

    U.S. Representative Don Beyer (D-VA) today led 26 U.S. Representatives in pressing the U.S. Postal Service (USPS) to immediately withdraw Postal Inspectors from the Department of Homeland Security’s (DHS) immigration task force. They warned that diverting USPS resources to DHS priorities jeopardizes USPS’ abilities to fulfill its essential responsibilities, including interdicting dangerous drugs, stopping theft, and investigating and preventing crimes against children.

    They wrote to Acting Postmaster General Doug Tulino:

    “We write with grave concern over the reported diversion of essential Postal Service law enforcement resources away from critical tasks like drug interdiction, anti-theft measures, and the prevention and investigation of crimes against children.

    “As supporters of drug interdiction, anti-theft measures, and the protection of children, we are deeply concerned over reports that USPIS is being diverted away from those core missions to work on Department of Homeland Security (DHS) priorities. According to those reports, inspectors are spending time assisting DHS with painstaking review of individual letters and packages to locate individual immigrants targeted by DHS. That new task comes only a year after the Government Accountability Office (GAO) specifically recommended that USPIS continue its “increasingly important” efforts to align its resources with current mail security needs—not external priorities.

    “At a time when the Postal Service is seeing year-over-year increases in serious crimes, both to employees and to mailboxes themselves, as well as mail theft, USPIS needs to focus on its core mission and not be subsumed into playing support staff for another agency’s priorities. If DHS needs additional staff and resources for their investigations, they can request additional appropriations from Congress as well as end reduction-in-force plans and hiring freezes that limit their ability to allocate and maintain appropriate staffing.

    “On behalf of the countless Americans who are concerned about illegal narcotics, mail theft, child protection, we ask that you immediately end USPIS’ participation in DHS’ immigration task force and allow the service to renew its focus on its essential law enforcement efforts. Please provide an update as to the status of this request by Friday, August 1, 2025.”

    The letter to Acting Postmaster General Tulino was sent by  U.S. Representatives Don Beyer (VA), Suzanne Bonamici (OR), André Carson (IN), Troy Carter (LA), Greg Casar (TX), Sheila Cherfilus-McCormick (FL), Judy Chu (CA), Yvette Clarke (NY), Steve Cohen (TN), Lou Correa (CA), Danny Davis (NC), Dwight Evans (PA), Dan Goldman (NY), Al Green (TX), Jonathan Jackson (IL), Pramila Jayapal (WA), Henry Johnson (GA), Zoe Lofgren (CA), Sarah McBride (DE), LaMonica McIver (NJ), Jimmy Panetta (CA), Bobby Scott (VA), Mark Takano (CA), Paul Tonko (NY), Marc Veasey (TX), Nydia Velázquez (NY), and Congresswoman Eleanor Holmes Norton (DC).

    Full text of the letter follows below, and a signed copy is available here.

    ***

    Dear Acting Postmaster General Tulino:

    We write with grave concern over the reported diversion of essential Postal Service law enforcement resources away from critical tasks like drug interdiction, anti-theft measures, and the prevention and investigation of crimes against children.

    The U.S. Postal Inspection Service (USPIS) is the oldest law enforcement agency in the country and has more than 200 years of experience protecting USPS workers from serious crime while enforcing laws that prohibit the use of our nation’s mail system for illegal activities. Among other responsibilities, postal inspectors prevent the flow of illegal and dangerous drugs through the mail and aggressively investigate mail theft. They are also invaluable partners to broader federal programs like the Department of Justice’s (DOJ’s) Project Safe Childhood (PSC), which is the federal government’s nationwide initiative to prevent the sexual exploitation of children.

    Thanks to its long history and narrow focus on mail-related crimes, USPIS is tremendously effective at its core missions. In FY25 alone, USPIS has seized 1,301 pounds of fentanyl— enough for more than 295 million lethal doses of the drug. Over the course of another recent year, the Inspection Service initiated 1,559 arrests for mail theft, 482 for assault or robbery, and 3 for child exploitation. Historically, thanks to investigators’ dedicated work the consistent resources dedicated to USPIS, the service has more than a 98% conviction rate when it takes a case to trial.

    As supporters of drug interdiction, anti-theft measures, and the protection of children, we are deeply concerned over reports that USPIS is being diverted away from those core missions to work on Department of Homeland Security (DHS) priorities. According to those reports, inspectors are spending time assisting DHS with painstaking review of individual letters and packages to locate individual immigrants targeted by DHS. That new task comes only a year after the Government Accountability Office (GAO) specifically recommended that USPIS continue its “increasingly important” efforts to align its resources with current mail security needs—not external priorities.

    At a time when the Postal Service is seeing year-over-year increases in serious crimes, both to employees and to mailboxes themselves, as well as mail theft, USPIS needs to focus on its core mission and not be subsumed into playing support staff for another agency’s priorities. If DHS needs additional staff and resources for their investigations, they can request additional appropriations from Congress as well as end reduction-in-force plans and hiring freezes that limit their ability to allocate and maintain appropriate staffing.

    On behalf of the countless Americans who are concerned about illegal narcotics, mail theft, child protection, we ask that you immediately end USPIS’ participation in DHS’ immigration task force and allow the service to renew its focus on its essential law enforcement efforts. Please provide an update as to the status of this request by Friday, August 1, 2025.

    Sincerely,

    MIL OSI USA News

  • MIL-OSI Security: Billings man sentenced to 6 years in prison for possessing a firearm following a felony conviction

    Source: Office of United States Attorneys

    BILLINGS – A Billings man who illegally possessed a firearm was sentenced today to 72 months in prison to be followed by 3 years of supervised release, U.S. Attorney Kurt Alme said.

    In March 2025, a federal jury found Joshua David Heafner, 40, guilty of possession of a firearm by a prohibited person.

    U.S. District Judge Susan P. Watters presided.

    The government alleged in court documents that on March 14, 2023, around 8:00 p.m., the Billings Police Department received a report of a hit and run at the intersection of North 31st Street and 6th Avenue North. Officers observed an unoccupied Volkswagen Passat in the middle of the intersection and witnesses described a man who resembled Heafner fleeing the scene on foot after the accident. Inside the car, officers saw a black pistol, some rounds of ammunition, and a methadone bottle with Heafner’s name on it. Heafner, who had outstanding arrest warrants at the time, was located near his residence, where he ran from the police before eventually being detained. Further investigation of the Passat revealed Heafner’s fingerprints in multiple locations on the driver’s side and on a cell phone found on the front driver’s side floorboard. Heafner was convicted of assault on a peace officer, robbery, and assault with a weapon, all felonies, in Billings in September 2013.

    Assistant U.S. Attorneys Jacob Yerger and Julie Patten prosecuted the case. The investigation was conducted by the ATF and the Billings Police Department.

    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 https://www.justice.gov/psn.

    XXX

    MIL Security OSI

  • MIL-OSI USA: Bill to Support Maine’s Lobster Industry Clears Appropriations Committee

    US Senate News:

    Source: United States Senator for Maine Susan Collins
    Published: July 18, 2025

    Washington, D.C. – U.S. Senator Susan Collins, Chair of the Senate Appropriations Committee, announced that she advanced significant funding and key language to support Maine’s lobster industry in the Fiscal Year (FY) 2026 Commerce, Justice, Science, and Related Agencies (CJS) Appropriations bill. The bill, which was officially approved by the Senate Appropriations Committee yesterday, now awaits consideration by the full Senate and House.
    “This funding would support Maine’s lobster industry by improving the incomplete and imprecise science and research upon which the federal government relies. The flawed data being used to inform regulations has created unnecessary, burdensome requirements for Maine lobstermen and women,” said Senator Collins. “As the Chair of the Appropriations Committee, I will continue to advocate for this funding as the appropriations process moves forward.”
    Funding and legislative language advanced by Senator Collins:
    North Atlantic Right Whale: $30 million for the Atlantic States Marine Fisheries Commission for Right Whale related research and monitoring.
    Language is also included directing the National Oceanic and Atmospheric Administration (NOAA) to work with Canada to develop risk reduction measures that are comparable in effectiveness to U.S. measures.
    National Sea Grant Program: $80 million for the National Sea Grant Program. Earlier this year, the Department of Commerce announced that Maine Sea Grant was being defunded. At the urging of Senator Collins, Secretary of Commerce Howard Lutnick directed NOAA to renegotiate the terms and conditions of the work to be performed by Maine Sea Grant to ensure that it focuses on advancing Maine’s coastal economies, working waterfronts, and sustainable fisheries.
    American Lobster Research: $2 million for Gulf of Maine and Georges Bank American lobster research through Maine Sea Grant.
    $300,000 to support a cooperative research program to collect biological, fishery, and environmental data for American lobster and Jonah crab using modern technology on commercial fishing vessels.
    Language is also included that directs this research to be carried out through a partnership of state agencies, academia, and industry with a focus on “stock resilience in the face of environmental changes” and “topics necessary to respond to newly implemented or future modifications to the Atlantic Large Whale Take Reduction Plan.”
    Gray Zone: Report language directing NOAA to work with Canadian and state fisheries officials to develop a cooperative fisheries management plan in the Gray Zone.
    In addition, Senator Collins advanced more than $73 million for Congressionally Directed Spending projects in Maine through the CJS Appropriations bill. Of these projects, $1 million is included to expand the American Lobster Settlement Index collector survey at the University of Maine.
    This funding and language advanced through the Committee’s markup of the FY 2026 CJS appropriations bill—an important step that now allows the bill to be considered by the full Senate.

    MIL OSI USA News

  • MIL-OSI USA: Warnock, Ossoff Deliver Upgrades for Johns Creek’s Bridges and Sidewalks

    US Senate News:

    Source: United States Senator Reverend Raphael Warnock – Georgia

    Johns Creek, GA — Today, U.S. Senators Reverend Raphael Warnock (D-GA) and Jon Ossoff (D-GA) announced new federal funding to upgrade bridges and sidewalks in Johns Creek.

    Senators Warnock and Ossoff secured a $12.8 million investment through the Bipartisan Infrastructure Law’s Better Utilizing Investments to Leverage Development (BUILD) grant program to help Johns Creek replace two bridges, build new sidewalks and a multi-use trail, and upgrade drainage systems on Old Alabama Road over the Chattahoochee Tributary.

    “Smart investments in our communities can bridge any political divide. This infrastructure funding will revitalize key bridges in the Johns Creek community and continue to keep our friends, families, and neighbors connected. I am proud to have worked with Senator Ossoff to get it done and will continue to champion federal investments in Georgia,” said Senator Reverend Warnock.

    “Johns Creek residents deserve safe bridges and sidewalks, and I am pleased to deliver the funds for these vital quality of life upgrades,” said Senator Ossoff. “It has been a pleasure working with Johns Creek leadership to get this done.”

    “This grant will help us improve safety and connectivity in the City and will benefit quality of life for our community,” said John Bradberry, Mayor of Johns Creek. “I’m grateful to our Georgia Congressional leaders for their support of our selection. Projects like this one help make Johns Creek one of the best places to live in the nation.”

    Senators Warnock and Ossoff continue delivering resources to upgrade Georgia’s infrastructure. In May, the senators delivered more than $13 million in federal funding from the Bipartisan Infrastructure Law to upgrade and help maintain Georgia’s regional airports.

    MIL OSI USA News

  • MIL-OSI Canada: Federal, Provincial and Territorial Ministers of Agriculture meet to help strengthen the resilience and competitiveness of the sector

    Source: Government of Canada News

    July 18, 2025 – Ottawa, Ontario

    Yesterday, federal, provincial and territorial (FPT) Ministers of Agriculture met virtually to discuss ways to support a more resilient and competitive agriculture sector and food supply chains that make up Canada’s agri-food landscape. Ministers discussed possible measures to support the hard-working producers and processors across Canada to address the emerging challenges related to international trade and the potential opportunities that could be created by increased interprovincial trade.

    Ministers reiterated their commitment to enhancing the effectiveness of business risk management (BRM) programs. Due to the uncertain trade environment and unfavourable climate conditions in parts of the country, Ministers agreed to take the necessary steps to implement a package of enhancements to the AgriStability program. For the 2025 program year only, the compensation rate will be increased from 80% to 90% and the maximum payment limit will be increased from $3 million to $6 million. These changes are meant to help producers manage the risks they face. In addition, for AgriStability, starting in the 2026 program year, provinces and territories will have the option to use a new inventory valuation method for inventories destined to be used on-farm. Ministers agreed to seek the necessary approvals to include feed costs associated with rented pasture as an allowable expense in advance of the 2026 program year, report back on progress at the September annual meeting and to continue a review of AgriStability allowable expenses.

    FPT Ministers are working together to increase interprovincial trade of food. Ministers discussed a variety of options, including ways to remove barriers to internal food trade and identify new trade opportunities. Ministers also discussed enhanced client service support from the Canadian Food Inspection Agency (CFIA) for small to medium-sized businesses wishing to market food products across Canada under a federal food licence, increasing slaughter capacity where possible in regions with restricted access to services, and allowing interprovincial trade of low-risk manufactured foods without a federal licence. These ideas will be informed by the 2 ongoing pilots on meat trade and slaughter that are being accelerated. These initiatives aim to support business growth and improve market access, while maintaining Canada’s robust food safety system.

    FPT Ministers highlighted the critical importance of joint efforts across governments to maintain, expand and diversify international market access. In support of this work, Ministers discussed the federal Indo-Pacific Agriculture and Agri-Food Office and other resources in the region. Ministers also emphasized the importance of engaging with China at the highest level, to improve the overall trade relationship and to remove Chinese tariffs on Canadian agriculture and seafood products. Ministers also underscored the benefits of existing trade agreements and emphasized the importance of considering the impact of tariffs on businesses.

    The annual conference of FPT Ministers of Agriculture will take place in-person in Winnipeg, Manitoba September 7 to 9, 2025

    MIL OSI Canada News

  • MIL-OSI Africa: Empowering Women through Clean Energy: African Development Bank Launches Country Diagnostics to Accelerate Inclusive Energy Transitions

    Source: APO – Report:

    .

    In a significant step toward advancing inclusive climate solutions, the African Development Bank (www.AfDB.org), in partnership with the Climate Investment Funds (CIF) (https://apo-opa.co/44PhRQI), has launched the Gender and Renewable Energy Country Diagnostics (https://apo-opa.co/3GXAwSi)—a pivotal initiative exploring the nexus between gender equity and energy access in six African countries: Ghana (https://apo-opa.co/450VUOL), Liberia (https://apo-opa.co/44DKrFW), Mali (https://apo-opa.co/44ZZLM5), Lesotho (https://apo-opa.co/3GTIKeb), Madagascar (https://apo-opa.co/46jgk7Q), and Malawi (https://apo-opa.co/46dH5KX).

    Commissioned by the Bank under CIF’s Scaling Up Renewable Energy Program, the diagnostics provide evidence-based, country-specific recommendations to enhance women’s leadership, financial inclusion, and participation in Africa’s clean energy economy. Focusing on localized, actionable solutions, the reports identify opportunities to embed gender considerations into national energy planning, investment strategies, and policy frameworks. They also propose inclusive financing models that de-risk women-led energy enterprises and highlight the need for capacity-building efforts to strengthen technical skills, entrepreneurial readiness, and leadership among women in the renewable energy sector.

    The findings were officially unveiled at a virtual launch event on 30 June 2025, hosted by the Bank’s Climate Change and Green Growth Department and Gender and Women Empowerment Division. The event brought together stakeholders from government, civil society, the private sector, and development institutions, underscoring a strong regional commitment to gender-equitable and resilient energy transitions.

    Opening the event, Al Hamndou Dorsouma, Manager of the Climate Change and Green Growth, reaffirmed the Bank’s commitment to a just and inclusive energy transition. “Gender equality is a source of serious innovation and sustainable growth,” he stated, emphasizing the need to translate diagnostic findings into concrete reforms, strengthening institutional coordination, and gender-responsive business and financing mechanisms. He noted that the initiative directly responds to growing country-level demand for stronger gender integration in energy strategies, building on earlier successes in East Africa.

    Nathalie Gahunga, Manager of the Gender and Women Empowerment Division, closed the event with a compelling call to action. She urged governments, development partners, NGOs, financiers, and the private sector to turn the data into transformative investments, innovative programs, and inclusive policy reforms. “The real work begins now,” she declared, calling for cross-sector collaboration to remove structural barriers and unlock women’s full participation in Africa’s green economy.

    Fewstancia Munyaradzi, Executive Director of Rand Sandton Consulting Group (www.RandSandton.com), presented a consolidated action plan focused on closing financing gaps, building institutional capacity, and integrating gender-responsive approaches into energy policy and project design.

    At the African Development Bank, gender integration is a core priority. Gender considerations are mainstreamed in 100 percent of the Bank’s climate operations—from design through implementation. These diagnostics reflect that commitment, providing practical tools to help countries operationalize gender equality in energy planning and programming.

    As Africa advances on its path to energy transformation, diagnostics are now available to guide gender-responsive policy and investment decisions across the continent. They affirm that gender inclusion is not only a development imperative but a cornerstone of sustainable, resilient progress.

    This new effort builds on the Bank’s earlier collaboration with the Climate Investment Funds in 2020, which produced Gender and Sustainable Energy Access country briefs for Kenya, Rwanda, Tanzania, and Uganda (https://apo-opa.co/46MLNiY). Those briefs guided gender-sensitive energy interventions and highlighted the importance of sex-disaggregated data, national-level engagement, and context-specific recommendations.

    To review the Country Diagnostic Studies on Gender and Renewable Energy, click here (https://apo-opa.co/3GXAwSi):

    Ghana
    (https://apo-opa.co/450VUOL)

    Liberia
    (https://apo-opa.co/44DKrFW)

    Mali
    (https://apo-opa.co/44ZZLM5)

    Lesotho
    (https://apo-opa.co/3GTIKeb)

    Madagascar
    (https://apo-opa.co/46jgk7Q)

    Malawi
    (https://apo-opa.co/46dH5KX)

    – on behalf of African Development Bank Group (AfDB).

    Media Contact:
    Sonia Borrini
    Climate Change & Green Growth Department
    s.borrini@afdb.org

    About the African Development Bank Group:
    The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

    MIL OSI Africa

  • MIL-OSI NGOs: G20 signals support for fairer global tax rules but comes up short on taxing the super-rich

    Source: Greenpeace Statement –

    Durban, South Africa – Commenting on the outcome of the G20 3rd Finance Ministers and Central Bank Ministerial Meeting, Greenpeace welcomed the G20 ministers’ support for international tax negotiations at the United Nations. However, Ministers did not reference the proposal introduced under Brazil’s G20 presidency last year to tax the ultra-rich.[1]

    Fred Njehu, Global Political Lead of the Fair Share campaign, Greenpeace Africa, said: “This show of support for the UN Tax Convention is a welcome step in the right direction for new global tax rules that work for everyone, not just the select few. The G20 must now put words into action and engage constructively in the process as a global multilateral platform that will shape and determine the future of taxation, one rooted in equity, transparency and justice.

    “However, the G20 Finance Ministers are squandering an incredible opportunity to end financial apartheid and achieve a breakthrough on wealth taxation that could redistribute much needed funds to tackle the social, economic, environmental and climate polycrisis. Equality is not the accumulation of wealth and power in the hands of a few billionaires. We need to stand up to the power of billionaires who are a threat to our democracies, security and wellbeing.[2]

    “Turbulent economic times like these demand global cooperation and a multilateral response. G20 ministers have an historic obligation to help steer the global economy and environment towards safer waters. They must listen to growing public calls and build the political momentum for taxing the super-rich and set new global tax rules that work for all to achieve social and climate justice.”

    END

    Notes:

    [1] New global tax rules in an UN Framework Convention on International Tax Cooperation are being negotiated, from now until 2027. It is a historic opportunity to redistribute power and wealth, and foster tax transparency and accountability. It aims to take control of global tax rules from the rich OECD (Organisation for Economic Cooperation and Development) countries to place it in the hands of the 193 member states of the United Nations. 

    [2] Greenpeace: Ramaphosa, G20 must end financial apartheid with tax on super-rich

    Contacts:

    Ibrahima Ka Ndoye, International Communications Coordinator, Greenpeace Africa. +221778437172, [email protected].

    Greenpeace International Press Desk, +31 (0)20 718 2470 (available 24 hours), [email protected]

    MIL OSI NGO

  • MIL-OSI NGOs: Cambodia: Scamming crisis survivors must be protected amid police crackdown 

    Source: Amnesty International –

    Responding to reports and Cambodian government announcements that a crackdown on scamming compounds in the country is under way, Amnesty International’s Regional Research Director Montse Ferrer said:

    “A coordinated government response to Cambodia’s scamming crisis is long overdue. However, it is vital that authorities respect the human rights of individuals found in these locations, where we have documented slavery, torture and other abuses carried out by criminal gangs.

    “Emerging reports and social media footage raise concerns that police may not be using a human rights-based approach to who is being detained and who is being treated as a victim of human trafficking. Victims must be properly identified and protected, and the government should share details about the detention centres where they may now be held.

    “Finally, police should not only focus on the individuals carrying out scams, but on those controlling them. Any legitimate crackdown must include the investigation and questioning of compound landlords and managers, as well as the security guards and companies who have assisted them.”

    MIL OSI NGO

  • MIL-OSI NGOs: Hong Kong: Prison rule changes mark ‘dangerous erosion’ of prisoners’ rights

    Source: Amnesty International –

    Amendment allows Government to impose punitive conditions on people who have not been convicted of any crime

    ‘The overly broad definition of national security …. is now being weaponised to further isolate those already behind bars’ – Fernando Cheung

    Today, the Hong Kong government introduced immediate changes to the Prison Rules, granting the Correctional Services Department broad powers to restrict prisoners’ visits and meetings with lawyers – citing vague grounds such as safeguarding national security.

    In response, Fernando Cheung, Amnesty International Hong Kong Overseas’ spokesperson, said:

    “The latest prison rule amendments grant Correctional Services Department sweeping powers to ban visits on vague ‘national security’ grounds.

    “This represents a dangerous erosion of the right of detainees to communicate with the outside world and to receive visits from family, friends, and lawyers.

    “These changes strike at the heart of fair trial rights. When authorities can restrict lawyer visits citing national security, they’re effectively denying detainees the right to call upon legal assistance of their own choosing, as well as adequate time and facilities to prepare their defence and to communicate with counsel of their own choosing.

    “The Hong Kong government is undermining guarantees under international law by cancelling the policy that allowed remand detainees to receive meals and clothing from outside sources.

    “In the context of national security cases, where most defendants are denied bail and held in prolonged pre-trial detention, this amendment allows the Government to impose punitive conditions on individuals who have not been convicted of any crime.

    “The overly broad definition of national security introduced through the Beijing imposed National Security Law is now being weaponised to further isolate those already behind bars.”

    Further crushing of people’s rights

    This amendment undermines protection guaranteed under the International Covenant on Civil and Political Rights.

    On the fifth anniversary of the National Security Law’s enactment last month, Amnesty published research revealing that more than 80% of people convicted under the law have been wrongly criminalised and should never have been charged in the first place.

    View latest press releases

    MIL OSI NGO

  • MIL-OSI Russia: Georgia’s ruling party condemns Western pressure and stresses country’s independent foreign policy

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    TBILISI, July 18 (Xinhua) — Georgian Dream Party Chairman and Prime Minister Irakli Kobakhidze on Friday made an official statement on behalf of the party’s political council, expressing concern over the hostile campaign against Georgia.

    He stressed that unfair treatment of the Georgian government was noted after the start of the war in Ukraine. The reason for this, according to the authors of the statement, was the decision of the Georgian government not to interfere in the war and not to open a second front against Russia.

    The statement said that because of this, the United States terminated the strategic partnership agreement signed with Georgia and imposed sanctions against the founder and honorary chairman of the Georgian Dream party, Bidzina Ivanishvili, on charges of ties to Russia.

    As stated in the document, in recent weeks the European Parliament has adopted a number of resolutions condemning Georgia’s domestic policies, and measures to suspend the visa-free regime and trade agreements with the European Union are also being discussed.

    I. Kobakhidze called these actions a “hostile campaign” aimed at supporting the opposition and changing power in the country.

    The Georgian Dream party reiterated its commitment to peace, stability and the protection of the country’s sovereignty. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News

  • MIL-OSI Russia: German Chancellor Calls Situation in Gaza ‘Unacceptable’

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    BERLIN, July 18 (Xinhua) — German Chancellor Friedrich Merz on Friday called the current situation in the Gaza Strip “unacceptable,” calling for an immediate ceasefire and comprehensive humanitarian aid to the local population.

    Speaking at a press conference in Berlin, F. Merz said that Germany, together with its partners, is working in close coordination to resolve the conflict in Gaza.

    The Chancellor stressed that Germany clearly states its position on certain developments in Israel, including the policy of building settlements in the West Bank, which “does not find approval in the German government.”

    According to a statement from the German federal government, Merz expressed hope for a speedy ceasefire in the Gaza Strip in a telephone conversation with Israeli Prime Minister Benjamin Netanyahu on Friday.

    F. Merz said that urgently needed humanitarian aid must be delivered to the residents of the Gaza Strip in a safe and humane manner.

    According to the statement, the German Chancellor also stressed that there should be no steps towards annexation of the West Bank. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News

  • MIL-OSI Russia: G20 finance ministers and central bank governors agree to strengthen multilateralism

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    JOHANNESBURG, July 18 (Xinhua) — A two-day meeting of G20 finance ministers and central bank governors concluded in Durban, South Africa on Friday, with participants agreeing to strengthen multilateral cooperation to address existing and emerging risks to the global economy, according to a joint communique issued after the meeting.

    According to the communique, G20 officials discussed global challenges such as conflicts, geopolitical and trade tensions, disruptions to global supply chains, high debt levels, and frequent extreme weather events and natural disasters.

    The document notes that the officials reaffirmed their commitment to global economic cooperation despite difficult negotiations. “It was not easy in the current environment,” said South African Finance Minister Enoch Godongwana, commenting on the negotiations that allowed the ministers to reach an agreement and sign the communiqué.

    “There was a renewed commitment to strengthen multilateral cooperation to address existing and emerging risks to the global economy and to recognise the importance of the World Trade Organisation (WTO) in advancing trade issues and agreed rules in the WTO,” the South African Treasury Department said in a statement.

    The statement said the G20 ministers and central bankers agreed that the WTO requires comprehensive reform to improve all its functions through innovative approaches to meet and respond to modern realities. They noted that developing countries face high levels of debt and debt servicing costs that need to be addressed.

    “The G20 members expressed their commitment to addressing the debt vulnerability of low- and middle-income countries and reaffirmed their intention to strengthen the implementation of the G20 Common Principles. They also stressed the need to enhance the role and voice of developing countries in decision-making in multilateral development banks and other international financial and economic institutions,” the South African Treasury said in a statement. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News

  • MIL-OSI Russia: Russia withdrew from military-technical cooperation agreement with Germany

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    Moscow, July 18 /Xinhua/ — Russian Prime Minister Mikhail Mishustin has ordered the termination of an agreement with the German government on military-technical cooperation.

    The government order of July 15, 2025 was posted on the official legal information portal. The Russian Foreign Ministry was instructed to notify the German side of the decision taken.

    On June 19, the Russian Foreign Ministry announced that Moscow intends to withdraw from the military cooperation agreement with Berlin. It is specified that in the current situation, given the anti-Russian attitude of Germany, the agreement has lost its meaning and practical significance.

    The agreement was signed in 1996. Moscow and Berlin then agreed that they would promote military-technical cooperation between Russian and German enterprises, organizations and departments. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News

  • MIL-OSI USA: MTA Installs Platform Barriers at More than 50 Stations

    Source: US State of New York

    overnor Kathy Hochul today announced the Metropolitan Transportation Authority (MTA) has installed protective platform edge barriers at 56 subway stations. Halfway through 2025, the MTA is on track to deliver on Governor Hochul’s 2025 State of the State direction to install barriers at more than 100 subway stations by the end of the year. This directive is part of a larger set of initiatives Governor Hochul announced in her State of the State address to protect subway riders and workers. The MTA continues to upgrade station lighting with brighter, safer LED bulbs. LEDs are now installed in 342 stations, on schedule for all 472 subway stations to be upgraded by the end of the year. Safety in the subway system continues to improve with overall major crimes dropping by 3 percent from the same period last year and by almost 10 percent when compared to pre-pandemic levels.

    “New Yorkers’ safety will always be my number one priority, and customers need to both feel and be secure every time they ride the subway,” Governor Hochul said. “At my direction, the MTA has ramped up the installation of protective platform barriers, building on their efforts to brighten stations with LED lighting and equip every subway car with security cameras. Transit crime is down in 2025, and these efforts will make the subway system safer for everyone.”

    MTA Chair and CEO Janno Lieber said, “Under Governor Hochul’s leadership, we’re making investments to ensure that our system not only is safe but — equally important — feels safe to riders. With new platform barriers, MTA’s thousands of new security cameras, increased deployments from the NYPD, and 10 percent less crime before COVID, it’s no wonder customer satisfaction has risen dramatically this year.”

    MTA Construction and Development President Jamie Torres-Springer said, “This is the new MTA in action: working better, faster, and cheaper to improve the rider experience and keep customers safe. Using in-house labor has driven down costs and increased our pace on this project, and we’re ready to make even greater strides in the second half of 2025.”

    NYC Transit President Demetrius Crichlow said, “Customers are telling us platform barriers make them feel safer and they want to see more of them. Thanks to Governor Hochul’s support, we’re getting barriers into stations quickly with more than 50 already installed and over 50 more on the way by the end of the year. I’m proud of the NYC Transit team for the incredible work they’re doing in-house to build and install barriers and look forward to keeping up the momentum.”

    Recent customer surveys have shown that 59 percent of riders wanted the installation of protective platform barriers throughout the system — including 88 percent of riders over the age of 65. A majority of respondents have also noted that they believe the presence of platform barriers in the station makes them feel safer and believe the barriers will protect against falls onto the tracks. Platform barriers are built and installed using in-house New York City Transit (NYCT) labor with in-house machinery in a NYCT facility resulting in lower costs and a faster installation timeline.

    The selection of stations for the installation process prioritizes feasibility, including stations with standard car-stopping positions in segments of the 1, 2, 3, 4, 5, 6, 7, F, M and L trains. Among these train lines, stations with higher ridership levels and island platforms are prioritized.

    The following stations have platform barriers now installed:

    Brooklyn:

    • Clark St – 2, 3
    • Morgan Av – L
    • Grand St – L
    • Dekalb Av – L
    • Halsey St – L
    • Bushwick Av-Aberdeen St – L
    • Myrtle-Wyckoff Avs – L, M
    • Graham Av – L
    • Jefferson St – L
    • Bedford Av – L
    • Lorimer St – L
    • Wilson Av – L
    • Montrose Av – L
    • Eastern Pkwy-Brooklyn Museum – 2, 3
    • Grand Army Plaza – 2, 3
    • President St – 2, 3
    • Hoyt St – 2, 3
    • Beverly Rd – 2, 5
    • Sterling St – 2, 5
    • Winthrop St – 2, 5
    • Bergen St – 2, 3

    Manhattan:

    • 191 St – 1
    • 5 Av – 7
    • 1 Av – L
    • 6 Av – L
    • 125 St – 4, 5, 6
    • Bowery – J, Z
    • Fulton St – J, Z
    • Broad St – J, Z
    • Canal St – J, Z
    • Wall St – 2, 3
    • 23 St – 6
    • 125 St – 2, 3
    • Central Park North-110 St – 2, 3
    • 135 St – 2, 3
    • Astor Place – 6
    • 8 Av – L
    • Bleecker St – 6
    • Fulton St – 2, 3
    • Spring St – 6
    • 103 St – 6
    • Park Place – 2, 3
    • 28 St – 6
    • 68 St-Hunter College – 6
    • 33 St – 6
    • 96 St – 6
    • 77 St – 6
    • 145 St – 1
    • Grand Central-42 St – 7
    • Christopher St-Stonewall – 1

    Queens:

    • Flushing-Main St – 7
    • 46 St – M, R
    • 67 Av – M, R
    • 75 Av – E, F
    • Woodhaven Blvd – M, R
    • Jamaica Center-Parsons Blvd-Archer Av – E, J, Z

    Assemblymember Alex Bores said, “Protective platform edge barriers save lives. In addition to providing a safe place to stand, the barriers give riders peace of mind and encourage ridership; and a fully populated subway system is a safer system. Additionally, platform barriers are quick to install and extremely cost-effective, saving taxpayers money. I have advocated for these barriers from before my life in public office, and I am grateful to the Governor for incorporating these lifesaving tools into her comprehensive subway safety plan.”

    MIL OSI USA News

  • MIL-OSI USA: RELEASE: Senator Mullin tells Indian Affairs Committee: “Leave the Politics Out of it and put Indian Country First.”

    US Senate News:

    Source: United States Senator MarkWayne Mullin (R-Oklahoma)

    RELEASE: Senator Mullin tells Indian Affairs Committee: “Leave the Politics Out of it and put Indian Country First.”

    Washington, D.C. – On Thursday, U.S. Senator Markwayne Mullin (R-OK), a member of the Senate Committee on Indian Affairs, emphasized the importance of seeing Native issues through a nonpartisan lens at the nomination hearing to consider Mr. William Kirkland to be President Trump’s Assistant Secretary for Indian Affairs within the Department of the Interior.
    In his remarks, Senator Mullin discussed his experience as a member of Cherokee Nation, Mr. Kirkland’s background, and the crucial responsibility members of the Senate Committee on Indian Affairs have to honor America’s federal obligation to Indian Country. Highlights below.

    Sen. Mullin’s full remarks can be found here.
    On being a member of Cherokee Nation and serving in the U.S. Senate:
    “I’m Cherokee, and I never knew I was special for being Cherokee until I came to D.C., because where I’m from, everybody’s Indian or wants to be. And when I came up here, Tom Cole was the first one that came up to me and said, ‘Congratulations, we just doubled the size of our Native American Caucus.’ That was back in 2013. I was like, ‘What do you mean?’ He’s like, ‘Well, I’m Chickasaw and you’re Cherokee.’ And I said, ‘Yeah, we taught you how to read and write.’ No, I’m kidding. And we joked about it, because sometimes there’s a misunderstanding.”
    On those not from Indian Country misunderstanding Tribal issues:
    “But what they don’t understand about Indian Country, and tell me if I’m wrong, is we don’t look at the world through an ‘R’ or ‘D’ lens. We look at it from our heritage perspective… And sometimes people that aren’t from Indian Country and they’re not Native, they don’t understand it. They don’t get it. Because politics is their world… Tribal issues, it’s a federal responsibility we have, and so you can separate the politics out of it, because we have an obligation.”
    On Mr. Kirkland’s background:
    “All our Tribes in Oklahoma are going to be different from the Tribes in the Midwest. And I think one of the coolest things that you have the ability to do is you get to learn all those different needs. And when you go in there with a with a background like yourself, and with Native people at the front of your mind and any decision you make, you have an opportunity to actually get to know them and get to know what their unique challenges are.”
    On the responsibility of the Senate Committee on Indian Affairs:
    “I just hope in this committee, that we try to leave the politics out of it and just put Indian Country first. That’s what our responsibility is here. That’s why I think this committee is unique because if there’s ever a committee that works in a real bipartisan manner, it’s this committee, and we have to be careful that we don’t we don’t separate that because, as I repeat myself again, we have a federal obligation. And regardless if you’re a Native or you’re not, if we’re in this position of authority, if we’re in this position to actually affect that, we need to understand that and just all be in the same boat, working together.”
    On Mr. Kirkland’s willingness to serve:
    “So, thank you for standing up. Thank you for your family too, to going through this with you, because it’s a challenge and your ability to continue to stay in the fight for Indian Country is commendable. So, God bless you.”

    MIL OSI USA News

  • MIL-OSI: Value Line, Inc. Declares a Quarterly Cash Dividend of $0.325 Per Common Share

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 18, 2025 (GLOBE NEWSWIRE) — Value Line, Inc. (NASDAQ: VALU) announced today that its Board of Directors declared on July 18, 2025 a quarterly cash dividend of $0.325 per common share, payable on August 11, 2025, to stockholders of record on July 28, 2025. The Company has 9,409,522 shares of common stock outstanding as of July 18, 2025.

            Value Line is a leading provider of investment research. The Value Line Investment Survey is one of the most widely used sources of independent equity research.

            Value Line publishes proprietary investment research in separate print and digital formats.

            Value Line provides these specialized services:
            a. Value Line Select – Each month, Value Line analysts recommend the one exceptional stock with superior profit potential and a favorable risk/reward ratio.
            b. The Value Line Special Situations Service – Each month, Value Line analysts recommend small and mid-cap stocks that hold the potential to transform your portfolio by delivering returns that are well above the market average.
            c. Value Line Select ETFs – Each month, Value Line analysts sift through the myriad investment possibilities to identify the one exchange traded fund that appears best positioned to outperform the market.
            d. Value Line Select: Dividend Income & Growth – Each month Value Line analysts make two stock recommendations that are expected to provide above-average current income along with appealing long-term dividend growth prospects.
            e. The Value Line ETFs Service – includes data, information, and analysis on more than 2,800 exchange-traded funds (ETFs), to help subscribers select the best fit for their portfolios.
            f. The Value Line M&A Service – Value Line analysts highlight one company each month that is a candidate to be acquired by a larger entity at a material premium to the current stock price.
            g. Value Line Information You Should Know wealth newsletter – Value Line focuses on financial planning and investment issues that matter for today’s investor.
            h. The Value Line Climate Change Investing Service – Value Line analysts target a critical issue – climate change, which is expected to spur transformation in the global economy for decades to come
            i. Certain Value Line copyrights distributed under agreements including proprietary ranking system information and other information used in 3rd party products
            j. The Value Line Options Survey – information and ranks on more than 600,000 options on stocks covering 90% of the market.
            k. The Value Line Fund Adviser Plus – covers 20,000 funds, grouped into more than 30 Investment Objective Categories. Our proprietary Ranking System makes it simple to tell whether or not a particular fund is a worthwhile investment. Our approach helps to ensure that investors avoid funds with unsustainable short-term performance, and you can count on our Safety ™ rank to help manage your risk. Our professionally selected Model Portfolio names the best Exchange-Traded funds in eight key categories.
            l. The Value Line Investment Survey–Small & Mid Cap – print and digital financial information and quantitative analysis on approximately 1,800 companies with market capitalizations of less than $10 billion.
            m. The Value Line 600 in-depth, independent print research on 600 large and prominent companies
            n. The Value Line Investment Survey–Selection & Opinion – Value Line’s weekly economic and stock market commentary, four Model Portfolios, which are actively managed, updated each week, and always contain 20 equities each.
            o. The Value Line Investment Survey–Smart Investor a digital service providing investment research covering large, mid and small-cap stocks comprising about 90% of the total U.S. stock market
            p. The Value Line Investment Survey–Small Cap Investor – digital financial information and quantitative analysis on approximately 1,800 companies with market capitalizations of less than $10 billion
            q. The Value Line Investment Survey–Savvy Investor – a digital package covering more than 3,000 large, mid and small-cap stocks
            r. The Value Line Investment Survey–Investor 900 – this digital service provides investment research on 600 of the largest cap stocks plus 300 small- and mid-cap stocks
            s. The Value Line Investment Survey–Investor 600 – In-depth, independent digital research on 600 large and prominent companies
            t. The Value Line Investment Survey–Investor 2400 – This digital service provides investment research for 600 of the largest cap stocks plus approximately 1,800 small and mid-cap stocks
            u. The Value Line Investment Analyzer – This digital only service covers large, mid and small cap stocks comprising about 90% of the U.S. stock market
            v. Value Line Investment Analyzer Plus – a digital service that provides complete stock analysis for approximately 6,000 equities
            w. Value Line Research Center – A complete, online investment research system that includes all the financial information and tools needed to structure a well-researched and diversified portfolio for stocks, ETFs and mutual funds
            x. Value Line Equity Research Center – A complete, online investment research system that includes all of Value Line’s equity research products needed to structure a well-researched and diversified portfolio for equities

            Value Line’s products are available to individual investors by mail, at www.valueline.com or by calling 1-800-VALUELINE (1-800-825-8354).

            Institutional services for professional investors, advisors, corporate, academic, and municipal libraries are offered at www.ValueLinePro.com, www.ValueLineLibrary.com and by calling 1-800-531-1425.

    Cautionary Statement Regarding Forward-Looking Information  

            In this report, “Value Line,” “we,” “us,” “our” refers to Value Line, Inc. and “the Company” refers to Value Line and its subsidiaries unless the context otherwise requires.

            This report contains statements that are predictive in nature, depend upon or refer to future events or conditions (including certain projections and business trends) accompanied by such phrases as “believe”, “estimate”, “expect”, “anticipate”, “will”, “intend” and other similar or negative expressions, that are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995, as amended. Actual results for Value Line, Inc. (“Value Line” or “the Company”) may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to the following:

    • maintaining revenue from subscriptions for the Company’s digital and print published products;
    • changes in investment trends and economic conditions, including global financial issues;
    • changes in Federal Reserve policies affecting interest rates and liquidity along with resulting effects on equity markets;
    • stability of the banking system, including the success of U.S. government policies and actions in regard to banks with liquidity or capital issues, along with the associated impact on equity markets;
    • continuation of orderly markets for equities and corporate and governmental debt securities;
    • problems protecting intellectual property rights in Company methods and trademarks;
    • problems protecting confidential information including customer confidential or personal information that we may possess;
    • dependence on non-voting revenues and non-voting profits interests in EULAV Asset Management (“EAM” or “EAM Trust”), and accordingly on its management, investment, and sales personnel. EAM Trust is a Delaware statutory trust, which serves as the investment advisor to the Value Line Funds and engages in related distribution, marketing and administrative services;
    • fluctuations in EAM’s and third-party copyright assets under management due to evaluations by outside rating agencies, broadly based changes in the values of equity and debt securities, market sector variations, redemptions by investors and other factors;
    • possible changes in the valuation of EAM’s intangible assets from time to time;
    • possible changes in future revenues or collection of receivables from significant customers;
    • dependence on key executive and specialist personnel of signification supplier and other firms;
    • risks associated with the outsourcing of certain functions, technical facilities, and operations, including in some instances outside the U.S.;
    • risks of increased tariffs and other restrictions affecting the cost and availability of materials, equipment, and other necessary inputs to the Company’s operations;
    • competition in the fields of publishing, copyright and investment management, along with associated effects on the level and structure of prices and fees, and the mix of services delivered;
    • the impact of government regulation on the Company’s and EAM’s businesses;
    • federal and/or state legislative changes that might affect Value Line’s business;
    • the availability of free or low cost investment information through discount brokers or generally over the internet;
    • the economic and other impacts of global political and military conflicts;
    • continued availability of generally dependable energy supplies, transportation facilities, digital data and telephone transmission infrastructure in the geographic areas in which the company and certain suppliers operate;
    • terrorist attacks, cyber attacks and natural disasters;
    • the need for changes in our business plans because of unexpected events that occur;
    • widespread illnesses which may drastically affect markets, employment, and other economic conditions, and may have additional unpredictable impacts on employees, suppliers, customers, and operations;
    • changes in prices and availability of materials and other inputs and services, such as financial data, freight and postage, required by the Company;
    • risk of inadequacy of our insurance coverage to compensate for potential losses;
    • potential impact of vendors’ consolidation;
    • risk of unanticipated failures in legacy systems that could interrupt regular publishing schedules;
    • other risks and uncertainties, including but not limited to the risks described in Part I, Item 1A, “Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended April 30, 2024 and in Part II, Item 1A of the Quarterly Report on Form 10-Q for the period ended January 31, 2025; and other risks and uncertainties arising from time to time.

            These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of our forward-looking statements. Other unknown or unpredictable factors which may involve external factors over which we may have no control could also have material adverse effects on future results. Likewise, changes we make in our plans, objectives, strategies, or intentions, which may occur at any time in our discretion, could also have material favorable or adverse effects on our future results. Except as otherwise required to be disclosed in periodic reports required to be filed by public companies with the SEC pursuant to the SEC’s rules, we have no duty to update these statements, and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks and uncertainties, current plans, anticipated actions, and future financial conditions and results may differ from those expressed in any forward-looking information contained herein.

    Contact: Howard A. Brecher 
    Value Line, Inc.
    212-907-1500

    www.valueline.com
    www.ValueLinePro.com, www.ValueLineLibrary.com
    Facebook | LinkedIn | Twitter
    Complimentary Value Line® Reports on Dow 30 Stocks

    The MIL Network

  • MIL-OSI: Value Line, Inc. Declares a Quarterly Cash Dividend of $0.325 Per Common Share

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 18, 2025 (GLOBE NEWSWIRE) — Value Line, Inc. (NASDAQ: VALU) announced today that its Board of Directors declared on July 18, 2025 a quarterly cash dividend of $0.325 per common share, payable on August 11, 2025, to stockholders of record on July 28, 2025. The Company has 9,409,522 shares of common stock outstanding as of July 18, 2025.

            Value Line is a leading provider of investment research. The Value Line Investment Survey is one of the most widely used sources of independent equity research.

            Value Line publishes proprietary investment research in separate print and digital formats.

            Value Line provides these specialized services:
            a. Value Line Select – Each month, Value Line analysts recommend the one exceptional stock with superior profit potential and a favorable risk/reward ratio.
            b. The Value Line Special Situations Service – Each month, Value Line analysts recommend small and mid-cap stocks that hold the potential to transform your portfolio by delivering returns that are well above the market average.
            c. Value Line Select ETFs – Each month, Value Line analysts sift through the myriad investment possibilities to identify the one exchange traded fund that appears best positioned to outperform the market.
            d. Value Line Select: Dividend Income & Growth – Each month Value Line analysts make two stock recommendations that are expected to provide above-average current income along with appealing long-term dividend growth prospects.
            e. The Value Line ETFs Service – includes data, information, and analysis on more than 2,800 exchange-traded funds (ETFs), to help subscribers select the best fit for their portfolios.
            f. The Value Line M&A Service – Value Line analysts highlight one company each month that is a candidate to be acquired by a larger entity at a material premium to the current stock price.
            g. Value Line Information You Should Know wealth newsletter – Value Line focuses on financial planning and investment issues that matter for today’s investor.
            h. The Value Line Climate Change Investing Service – Value Line analysts target a critical issue – climate change, which is expected to spur transformation in the global economy for decades to come
            i. Certain Value Line copyrights distributed under agreements including proprietary ranking system information and other information used in 3rd party products
            j. The Value Line Options Survey – information and ranks on more than 600,000 options on stocks covering 90% of the market.
            k. The Value Line Fund Adviser Plus – covers 20,000 funds, grouped into more than 30 Investment Objective Categories. Our proprietary Ranking System makes it simple to tell whether or not a particular fund is a worthwhile investment. Our approach helps to ensure that investors avoid funds with unsustainable short-term performance, and you can count on our Safety ™ rank to help manage your risk. Our professionally selected Model Portfolio names the best Exchange-Traded funds in eight key categories.
            l. The Value Line Investment Survey–Small & Mid Cap – print and digital financial information and quantitative analysis on approximately 1,800 companies with market capitalizations of less than $10 billion.
            m. The Value Line 600 in-depth, independent print research on 600 large and prominent companies
            n. The Value Line Investment Survey–Selection & Opinion – Value Line’s weekly economic and stock market commentary, four Model Portfolios, which are actively managed, updated each week, and always contain 20 equities each.
            o. The Value Line Investment Survey–Smart Investor a digital service providing investment research covering large, mid and small-cap stocks comprising about 90% of the total U.S. stock market
            p. The Value Line Investment Survey–Small Cap Investor – digital financial information and quantitative analysis on approximately 1,800 companies with market capitalizations of less than $10 billion
            q. The Value Line Investment Survey–Savvy Investor – a digital package covering more than 3,000 large, mid and small-cap stocks
            r. The Value Line Investment Survey–Investor 900 – this digital service provides investment research on 600 of the largest cap stocks plus 300 small- and mid-cap stocks
            s. The Value Line Investment Survey–Investor 600 – In-depth, independent digital research on 600 large and prominent companies
            t. The Value Line Investment Survey–Investor 2400 – This digital service provides investment research for 600 of the largest cap stocks plus approximately 1,800 small and mid-cap stocks
            u. The Value Line Investment Analyzer – This digital only service covers large, mid and small cap stocks comprising about 90% of the U.S. stock market
            v. Value Line Investment Analyzer Plus – a digital service that provides complete stock analysis for approximately 6,000 equities
            w. Value Line Research Center – A complete, online investment research system that includes all the financial information and tools needed to structure a well-researched and diversified portfolio for stocks, ETFs and mutual funds
            x. Value Line Equity Research Center – A complete, online investment research system that includes all of Value Line’s equity research products needed to structure a well-researched and diversified portfolio for equities

            Value Line’s products are available to individual investors by mail, at www.valueline.com or by calling 1-800-VALUELINE (1-800-825-8354).

            Institutional services for professional investors, advisors, corporate, academic, and municipal libraries are offered at www.ValueLinePro.com, www.ValueLineLibrary.com and by calling 1-800-531-1425.

    Cautionary Statement Regarding Forward-Looking Information  

            In this report, “Value Line,” “we,” “us,” “our” refers to Value Line, Inc. and “the Company” refers to Value Line and its subsidiaries unless the context otherwise requires.

            This report contains statements that are predictive in nature, depend upon or refer to future events or conditions (including certain projections and business trends) accompanied by such phrases as “believe”, “estimate”, “expect”, “anticipate”, “will”, “intend” and other similar or negative expressions, that are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995, as amended. Actual results for Value Line, Inc. (“Value Line” or “the Company”) may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to the following:

    • maintaining revenue from subscriptions for the Company’s digital and print published products;
    • changes in investment trends and economic conditions, including global financial issues;
    • changes in Federal Reserve policies affecting interest rates and liquidity along with resulting effects on equity markets;
    • stability of the banking system, including the success of U.S. government policies and actions in regard to banks with liquidity or capital issues, along with the associated impact on equity markets;
    • continuation of orderly markets for equities and corporate and governmental debt securities;
    • problems protecting intellectual property rights in Company methods and trademarks;
    • problems protecting confidential information including customer confidential or personal information that we may possess;
    • dependence on non-voting revenues and non-voting profits interests in EULAV Asset Management (“EAM” or “EAM Trust”), and accordingly on its management, investment, and sales personnel. EAM Trust is a Delaware statutory trust, which serves as the investment advisor to the Value Line Funds and engages in related distribution, marketing and administrative services;
    • fluctuations in EAM’s and third-party copyright assets under management due to evaluations by outside rating agencies, broadly based changes in the values of equity and debt securities, market sector variations, redemptions by investors and other factors;
    • possible changes in the valuation of EAM’s intangible assets from time to time;
    • possible changes in future revenues or collection of receivables from significant customers;
    • dependence on key executive and specialist personnel of signification supplier and other firms;
    • risks associated with the outsourcing of certain functions, technical facilities, and operations, including in some instances outside the U.S.;
    • risks of increased tariffs and other restrictions affecting the cost and availability of materials, equipment, and other necessary inputs to the Company’s operations;
    • competition in the fields of publishing, copyright and investment management, along with associated effects on the level and structure of prices and fees, and the mix of services delivered;
    • the impact of government regulation on the Company’s and EAM’s businesses;
    • federal and/or state legislative changes that might affect Value Line’s business;
    • the availability of free or low cost investment information through discount brokers or generally over the internet;
    • the economic and other impacts of global political and military conflicts;
    • continued availability of generally dependable energy supplies, transportation facilities, digital data and telephone transmission infrastructure in the geographic areas in which the company and certain suppliers operate;
    • terrorist attacks, cyber attacks and natural disasters;
    • the need for changes in our business plans because of unexpected events that occur;
    • widespread illnesses which may drastically affect markets, employment, and other economic conditions, and may have additional unpredictable impacts on employees, suppliers, customers, and operations;
    • changes in prices and availability of materials and other inputs and services, such as financial data, freight and postage, required by the Company;
    • risk of inadequacy of our insurance coverage to compensate for potential losses;
    • potential impact of vendors’ consolidation;
    • risk of unanticipated failures in legacy systems that could interrupt regular publishing schedules;
    • other risks and uncertainties, including but not limited to the risks described in Part I, Item 1A, “Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended April 30, 2024 and in Part II, Item 1A of the Quarterly Report on Form 10-Q for the period ended January 31, 2025; and other risks and uncertainties arising from time to time.

            These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of our forward-looking statements. Other unknown or unpredictable factors which may involve external factors over which we may have no control could also have material adverse effects on future results. Likewise, changes we make in our plans, objectives, strategies, or intentions, which may occur at any time in our discretion, could also have material favorable or adverse effects on our future results. Except as otherwise required to be disclosed in periodic reports required to be filed by public companies with the SEC pursuant to the SEC’s rules, we have no duty to update these statements, and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks and uncertainties, current plans, anticipated actions, and future financial conditions and results may differ from those expressed in any forward-looking information contained herein.

    Contact: Howard A. Brecher 
    Value Line, Inc.
    212-907-1500

    www.valueline.com
    www.ValueLinePro.com, www.ValueLineLibrary.com
    Facebook | LinkedIn | Twitter
    Complimentary Value Line® Reports on Dow 30 Stocks

    The MIL Network

  • MIL-OSI Economics: Members call for reinvigorated work on technology transfer, elect new Chair

    Source: WTO

    Headline: Members call for reinvigorated work on technology transfer, elect new Chair

    Members welcomed the election of Ambassador Eheth, who succeeded Ambassador Raimondas Ališauskas of Lithuania, and expressed appreciation for the outgoing Chair’s leadership over the past year in advancing the Group’s work.
    In his opening remarks, Ambassador Eheth underscored the continued relevance and growing importance of the Group’s mandate. He noted that technology transfer is vital for “strengthening productive capacity, upgrading infrastructure, and building resilience,”. He also highlighted its role in “supporting structural transformation, responding to environmental challenges, and ensuring that the rapid deployment of artificial intelligence and its applications in trade benefit all and do not further widen the gap between members at different stages of development.”
    In a discussion initiated by India, members exchanged views on how to advance work on technology transfer and build momentum towards the 14th Ministerial Conference (MC14), to be held in Yaoundé, Cameroon, in March 2026.
    Ambassador Eheth encouraged members to “continue sharing national experiences on how trade has facilitated technology transfer and supported development”. He reaffirmed the value of the practice –  introduced by his predecessor – of hearing from chairs of other WTO bodies. This, he noted, “enriches the Group’s work by illustrating the cross-cutting nature of technology transfer and its relevance across the WTO’s agenda.”
    Looking ahead, the Chair announced his intention to hold informal consultations in September to hear members’ views on how best to advance the Group’s work. “I am committed to helping advance not only the mandate of this Group, but also the broader objectives of the Organization as set out in the preamble of the Marrakesh Agreement establishing the WTO: raising standards of living, ensuring steadily growing real income, and supporting sustainable development in a manner consistent with the needs and aspirations of all members,” he said.
    The next formal meeting of the working group is scheduled for November 2025.

    Share

    MIL OSI Economics

  • MIL-OSI USA: Senator Peters Secures Funding to Strengthen Public Safety, Michigan Manufacturing, and Great Lakes Protections in Appropriations Bill

    US Senate News:

    Source: United States Senator for Michigan Gary Peters

    WASHINGTON, DC – U.S. Senator Gary Peters (MI) helped secure funding in the Fiscal Year 2026 Commerce, Justice, Science and Related Agencies Appropriations Act to fund Michigan priorities, high-impact local projects, and federal programs that support manufacturing, our environment and Great Lakes, public safety, law enforcement, and cutting-edge research.

    “This bipartisan legislation advances critical projects in Michigan and across the country,” said Senator Peters. “The bill makes needed investments to strengthen public safety, support local law enforcement, and boost Michigan’s economic competitiveness. It will also help safeguard our state’s precious natural resources and the Great Lakes for future generations. I’m proud to have helped secure this funding and will keep working to get it across the finish line.”

    Meanwhile, the House of Representatives is considering their own funding bills. The Senate and House will then need to reach an agreement on a final funding bill and have it pass both chambers before being sent to the President to be signed into law.

    The bill includes numerous measures led and supported by Peters, including:

    Strengthening Michigan’s Manufacturing Sector

    Preventing Illegal Trump Administration Cuts to Manufacturing Programs: The bill included language Senator Peters authored to prevent the Department of Commerce from unilaterally defunding or withdrawing contracts from Manufacturing Extension Partnership (MEP) Programs – like the Michigan Manufacturing Technology Center. The bill also includes $175 million for the MEP program despite the Trump Administration’s budget proposal to eliminate it. This program helps small and medium manufacturers grow their business, integrate advanced manufacturing techniques and technology, and works to strengthen our domestic manufacturing supply chain. For every dollar of federal investment, MEP generates $24.60 in new sales growth for manufacturers and $27.50 in new investment. This translates into $4.3 billion in new sales annually. In 2024, the Michigan Manufacturing Tech Center estimated they helped 584 businesses produce over $150 million in sales growth and over $100 million in investments. For every $1 of a company’s investment, the Center returns $18 in financial returns.

    Addressing Unfair Chinese Trade Practices: Peters secured language in the bill recognizing that non-allied nations like China are becoming large global exporters of electric vehicles and underscoring a concern that these electric vehicles will soon flood the U.S. market. Some Chinese motor vehicle producers are seeking to establish manufacturing plants in Mexico and other strategic locations to sidestep U.S. tariffs. Peters’ provision in the bill directs the U.S. Trade Representative (USTR), in consultation with other relevant departments and agencies, to examine non-allied nations’ non-market policies and practices related to electric vehicles, including policies that prevent U.S auto manufacturers from competing in their markets on a level playing field.

    USMCA: In the summer of 2026, the United States’ trade agreement with Mexico and Canada will undergo a mandatory review period. Peters secured language directing the Office of the United States Trade Representative to pursue changes to the agreement that will improve the agreement’s labor standards, prevent China from taking advantage of it, and onshore more manufacturing jobs throughout the United States, including Michigan.

    National Institute of Standards and Technology (NIST): The bill invests heavily in the National Institute of Standards and Technology. These resources will help NIST advance research in cutting-edge fields like carbon dioxide removal, artificial intelligence, quantum information science, and cybersecurity. NIST will also develop standards, tools, and tests to help ensure AI systems operate safely.

    Making Michigan Communities Safer

    PAWS Act: Peters secured $3 million in the Fiscal Year 2026?Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act for the Emergency and Transitional Pet Shelter and Housing Assistance Grant Program, which was established by Peters’ Pet and Women Safety (PAWS) Act. The grant program, administered by the Department of Justice, provides emergency and transitional shelter options for domestic violence survivors with companion animals. Peters secured language in the Commerce, Justice, Science and Related Agencies Appropriations Act encouraging the Department of Justice to continue providing robust funding for grants under the program.

    Project Safe Neighborhood: Peters secured funding in the bill for the Project Safe Neighborhoods initiative – a nationwide law enforcement program that uses evidence-based and data-driven approaches to reduce violent crime. Last Congress, the Senate passed Peters’ bipartisan legislationto reauthorize the Project Safe Neighborhoods program.

    Promoting Community Policing in Oakland County: The bill includes $1 million to modernize Oakland County’s Courts and Law Enforcement Management Information Systems (CLEMIS), which will improve transparency of law enforcement activity and promote community policing.

    Improving Criminal Investigation in Van Buren County: Peters secured $576,000 in the bill for Van Buren County to support purchase of rapid-processing DNA technology, which will reduce a current backlog and enable crimes to be solved more efficiently.

    Purchasing New Patrol Vehicles in Kalamazoo: The bill includes $490,000 to help the City of Kalamazoo upgrade its public safety vehicles, which will allow personnel to respond to service calls safely and efficiently.

    Making Road Patrols Safer in Oakland County: The bill would provide $26,000 for the Oakland County Sherriff’s Office to purchase safety equipment for motorcycle patrol officers.

    Supporting Safe Traffic Stops in Warren: Peters secured $38,000 in the bill to help the City of Warren Police Department purchase new safety equipment to aid officers during traffic stops and investigations.

    Improving the Health of the Great Lakes: The bill includes $1,500,000 for the Great Lakes Commission to improve the health of the Great Lakes. Specifically, funding will help address water quality, nutrient pollution, harmful algal blooms, aquatic invasive species, and coastal management throughout the Great Lakes region.

    Upgrading Police Communications in Marquette: The bill would provide $264,000 for the City of Marquette to purchase new portable radios, which would improve emergency response for Marquette Police Department officers.

    Upgrading Aging Patrol Vehicle Fleet in Houghton: The bill includes $385,000 for the City of Houghton to purchase new police patrol vehicles, helping to improve emergency response throughout the region.

    Bolstering AI Research to Help Small and Medium Sized Manufacturers: Senator Peters secured $2,000,000 in this bill to support Michigan Tech’s research into and deployment of AI standards and practices that would help boost small and medium manufacturers in Michigan.

    Westland Police Technology Update: The bill also includes $100,000 to upgrade aging computer systems in police squad cars in Westland.

    Preventing Violence Against Women: The bill contains increased funding for the Office on Violence Against Women (OVW) and its lifesaving programs. Grants from OVW programs support training for police officers, state domestic violence and sexual assault coalitions, rape prevention programs, homicide reduction initiatives, domestic violence hotlines, women’s shelters, transitional housing, and rural support services. In addition, Peters secured language in the bill directing the Department of Justice to develop best practices, in consultation with Middle Eastern and North African (MENA) community-based organizations, for the investigation and prosecution of violence against MENA women.

    Improving Police-Community Relations: The bill provides funding for State and Local Law Enforcement Assistance and Community Oriented Policing Services (COPS) Office grant programs which aim to strengthen police-community relations.

    Addressing Substance Use Disorder in Our Communities: The bill provides significant funding to help our communities and first responders address substance use disorders, including opioids, and to address drug trafficking.

    Court Appointed Special Advocate (CASA) Program: Peters helped secure funding for the Court Appointed Special Advocates (CASA) program. This program is critical to thousands of abused or neglected children who have highly trained and extremely dedicated advocates appointed on their behalf, and to child victims who are still waiting for the presence of a consistent, caring adult to speak for their best interests in the courtroom and in the community. This funding will help improve outcomes for every abused and neglected child, as was the intention of Congress when it enacted the Victims of Child Abuse Act of 1990.

    Investing in Sustainable Solutions to Protect Michigan’s Environment, Natural Resources

    Great Lakes Environmental Research Laboratory: The bill provides funding for the Great Lakes Environmental Research Lab (GLERL), which studies the dynamic environments and ecosystems of the Great Lakes. The work produced and shared by GLERL informs local decisions for safe and sustainable resource management throughout the Great Lakes Basin. GLERL research also plays a crucial role in the work carried out by the Coast Guard’s Center of Expertise for Oil Spill Preparedness and Response in Sault Ste Marie. Peters secured language in the bill recognizing the importance of continued support for the work of the Great Lakes Center of Expertise for Oil Spill Preparedness and Response, which examines the impacts of oil spills in freshwater environments and develops effective responses. Peters-led efforts made the Great Lakes Center of Expertise a reality. Peters authored and passed legislation into law establishing the Great Lakes Center of Expertise in 2018, and then successfully secured $4.5 million in total to kick-start the initiative the following year. Peters then announced the Great Lakes Center of Expertise will be headquartered in two Michigan locations to maximize research and operational capabilities. As a member of the Appropriations Committee, Peters has continued to secure funding to support the Center’s work.

    Great Lakes Monitoring: The U.S. Integrated Ocean Observing System (IOOS) is the nation’s premier ocean, coasts, and Great Lakes observing program. The bill provides funding to fill critical gaps in our nation’s ocean and Great Lakes observation infrastructure. It will also ensure the availability of coastal data to inform management decisions on oil spill planning and response, navigation safety, fisheries management, and harmful algal blooms.

    Addressing Harmful Algal Blooms: The bill supports the National Ocean Service’s research on harmful algal blooms (HABs). This funding is vital to preserving the health of the Great Lakes, which provide drinking water to more than 40 million people; support a $16 billion recreational boating industry; and draw 37 million anglers, hunters, and bird watchers each year. HABs, which produce toxic or harmful effects on people and wildlife, have been reported in the Great Lakes and in every U.S. coastal state. According to NOAA, their occurrence may be on the rise.

    Coastal Zone Management Grants: This bill provides much-needed funding for NOAA’s Coastal Zone Management Program, which provides grants to states with approved coastal zone management plans for the protection, restoration, and enhancement of coastal zone areas, including those in the Great Lakes region. All eight Great Lakes states have active Coastal Zone Management programs committed to preserving the health of the Lakes and the $6 trillion regional economy they help sustain. This unique program is essential to the economic and ecological importance of our coastlines and Great Lakes shorelines while supporting state and local efforts to address critical management issues such as coastal hazards, habitat, and water quality.

    Marine Debris Program: The NOAA Marine Debris Program is a joint effort that supports national and international efforts to prevent, identify, and reduce the occurrence of marine debris. The program leverages resources from state and local agencies, tribes, non-governmental organizations, academia, and industry for innovative research, outreach, and education initiatives. This bill provides funding to allow this important work to continue.

    Improving the Census Process to Ensure Michigan Communities Are Accurately Represented

    Census Bureau: The bill provides funding for the U.S. Census Bureau, however, it provides less funding than is required to meet the needs of the upcoming 2030 decennial census. The census and other key federal surveys are tied to important outcomes for communities in Michigan and across the country, including federal resources for education, health care and infrastructure. The resources allocated by this bill will give the Census Bureau the tools it needs to prepare for the 2030 Census, produce critical economic data, and ensure the public can access high-quality data that keeps pace with the needs of our nation. This funding is essential to ensuring the Bureau does not fall behind on crucial preparations and can control long-term costs. The Senate Homeland Security and Governmental Affairs Committee, where Peters serves as Ranking Member, is responsible for conducting oversight of the Census Bureau. Peters previously convened a hearing in downtown Detroit to examine impacts of the 2020 Census on Michigan. Peters also convened a hearing in 2021 with senior federal officials to examine how lawmakers can work to improve operations at the Census Bureau. Peters has also pressed the Census Bureau to ensure it addresses 2020 Census undercounts and improves annual population data.

    Investing in Science, Innovation, and the STEM Workforce

    Michigan Technological University AI Program: Peters secured $2.5 million in funding from the Safe and Secure AI Manufacturing Implementation Program for Michigan Technological University to support research into and deployment of AI standards and practices to support small and medium manufacturers.

    National Aeronautics and Space Administration (NASA): The bill provides continued funding for key NASA science and STEM education programs that support cutting edge research and scholarships at Michigan’s Universities. The STEM education programs also strengthen our aerospace workforce pipeline. These programs were partially eliminated under the Trump Administration’s budget request.,

    Fully Fund the Artemis Space Mission: This bill includes full funding that Senator Peters’ championed for the Artemis Mission, which is set to take the United States back to the Moon as well as, eventually, to Mars. This mission was partially eliminated under the Trump budget proposal. The Artemis program is supported by Michigan Aerospace manufacturers and one of the astronauts participating in the upcoming Artemis III mission is a Michigander, Christina Koch.

    National Science Foundation: Senator Peters helped secure $9 billion in funding for the National Science Foundation. This level of funding avoids the catastrophic 55% cut proposed by the Trump Administration, which would have devastated U.S. scientific and STEM leadership, and harmed Michigan’s research institutions’ ability to continue to do cutting edge research.

    Implementation of Peters’ PROSWIFT Act: Peters secured funding for the pilot program Peters created through his Promoting Research and Observations of Space Weather to Improve the Forecasting of Tomorrow (PROSWIFT) Act. The program aims to strengthen our nation’s ability to predict severe space weather events and mitigate their harmful impacts on Earth – work being spearheaded at Michigan’s own Universities.

    Improving Access to Reentry: Peters secured language in the bill directing Residential Reentry Centers, where individuals often go between prison and full return to their communities, to better collect ID-related data. A 2022 Government Accountability Office (GAO) report found that opportunities exist to better assist incarcerated people with obtaining ID documents prior to release. Peters’ language requires an assessment from BOP regarding the feasibility of contracting with additional state DMVs to provide identification document services to qualifying individuals prior to release.

    National Marine Fisheries Services – Studying PFAS in Fish: The bill recognizes the threat posed by the concentration of PFAS detected in fish tissue. The bill directs NOAA to conduct fish tissue sampling and monitoring of PFAS to evaluate the impacts on aquatic health.

    MIL OSI USA News

  • MIL-OSI USA: What You Need to Know About NASA’s SpaceX Crew-11 Mission

    Source: NASA

    Four crew members are preparing to launch to the International Space Station as part of NASA’s SpaceX Crew-11 mission to perform research, technology demonstrations, and maintenance activities aboard the orbiting laboratory.
    During the mission, Crew-11 also will contribute to NASA’s Artemis campaign by simulating Moon landing scenarios that astronauts may encounter near the lunar South Pole, showing how the space station helps prepare crews for deep space human exploration. The simulations will be performed before, during, and after their mission using handheld controllers and multiple screens to identify how changes in gravity affect spatial awareness and astronauts’ ability to pilot spacecraft, like a lunar lander.
    NASA astronauts Zena Cardman and Mike Fincke, JAXA (Japan Aerospace Exploration Agency) astronaut Kimiya Yui, and Roscosmos cosmonaut Oleg Platonov will lift off no earlier than 12:09 p.m. EDT on Thursday, July 31, from Launch Complex 39A at the agency’s Kennedy Space Center in Florida on a long-duration mission. The cadre will fly aboard a SpaceX Dragon spacecraft, named Endeavour, which previously flew NASA’s SpaceX Demo-2, Crew-2, Crew-6, and Crew-8 missions, as well as private astronaut mission Axiom Mission 1.
    The flight is the 11th crew rotation mission with SpaceX to the space station as part of NASA’s Commercial Crew Program. Overall, the Crew-11 mission is the 16th crewed Dragon flight to the space station, including Demo-2 in 2020 and 11 operational crew rotations for NASA, as well as four private astronaut missions.
    As support teams progress through Dragon preflight milestones for Crew-11, they also are preparing a SpaceX Falcon 9 rocket booster for its third flight. Once all rocket and spacecraft system checkouts are complete and all components are certified for flight, teams will mate Dragon to Falcon 9 in SpaceX’s hangar at the launch site. The integrated spacecraft and rocket will then be rolled to the pad and raised vertically for the crew’s dry dress rehearsal and an integrated static fire test before launch.

    Selected as a NASA astronaut in 2017, Cardman will conduct her first spaceflight. The Williamsburg, Virginia, native holds a bachelor’s degree in biology and a master’s degree in marine sciences from the University of North Carolina at Chapel Hill. At the time of selection, she was pursuing a doctorate in geosciences. Cardman’s geobiology and geochemical cycling research focused on subsurface environments, from caves to deep sea sediments. Since completing initial training, Cardman has supported real-time station operations and lunar surface exploration planning. Follow @zenanaut on X and @zenanaut on Instagram.
    This mission will be Fincke’s fourth trip to the space station, having logged 382 days in space and nine spacewalks during Expedition 9 in 2004, Expedition 18 in 2008, and STS-134 in 2011, the final flight of space shuttle Endeavour. Throughout the past decade, Fincke has applied his expertise to NASA’s Commercial Crew Program, advancing the development and testing of Dragon and Boeing’s Starliner spacecraft toward operational certification. The Emsworth, Pennsylvania, native is a graduate of the United States Air Force Test Pilot School and holds bachelors’ degrees from the Massachusetts Institute of Technology, Cambridge, in both aeronautics and astronautics, as well as Earth, atmospheric, and planetary sciences. He also has a master’s degree in aeronautics and astronautics from Stanford University in California. Fincke is a retired U.S. Air Force colonel with more than 2,000 flight hours in over 30 different aircraft. Follow @AstroIronMike on X and Instagram.
    With 142 days in space, this mission will be Yui’s second trip to the space station. After his selection as a JAXA astronaut in 2009, Yui flew as a flight engineer for Expedition 44/45 and became the first Japanese astronaut to capture JAXA’s H-II Transfer Vehicle using the station’s robotic arm. In addition to constructing a new experimental environment aboard Kibo, he conducted a total of 21 experiments for JAXA. In November 2016, Yui was assigned as chief of the JAXA Astronaut Group. He graduated from the School of Science and Engineering at the National Defense Academy of Japan in 1992. He later joined the Air Self-Defense Force at the Japan Defense Agency (currently the Ministry of Defense). In 2008, Yui joined the Air Staff Office at the Ministry of Defense as a lieutenant colonel. Follow @astro_kimiya on X.
    The mission will be Platonov’s first spaceflight. Before his selection as a cosmonaut in 2018, Platonov earned a degree in engineering from Krasnodar Air Force Academy in aircraft operations and air traffic management. He also earned a bachelor’s degree in state and municipal management in 2016 from the Far Eastern Federal University in Vladivostok, Russia. Assigned as a test cosmonaut in 2021, he has experience in piloting aircraft, zero gravity training, scuba diving, and wilderness survival.

    Following liftoff, Falcon 9 will accelerate Dragon to approximately 17,500 mph. Once in orbit, the crew, NASA, and SpaceX mission control will monitor a series of maneuvers that will guide Dragon to the forward-facing port of the station’s Harmony module. The spacecraft is designed to dock autonomously, but the crew can pilot it manually, if necessary.
    After docking, Crew-11 will be welcomed aboard the station by the seven-member Expedition 73 crew, before conducting a short handover period on research and maintenance activities with the departing Crew-10 crew members. Then, NASA astronauts Anne McClain, Nichole Ayers, JAXA astronaut Takuya Onishi, and Roscosmos cosmonaut Kirill Peskov will undock from the space station and return to Earth. Ahead of Crew-10’s return, mission teams will review weather conditions at the splashdown sites off the coast of California before departure from the station.
    Cardman, Fincke, and Yui will conduct scientific research to prepare for human exploration beyond low Earth orbit and benefit humanity on Earth. Participating crew members will simulate lunar landings, test strategies to safeguard vision, and advance other human spaceflight studies led by NASA’s Human Research Program. The crew also will study plant cell division and microgravity’s effects on bacteria-killing viruses, as well as perform experiments to produce a higher volume of human stem cells and generate on-demand nutrients.
    While aboard the orbiting laboratory, Crew-11 will welcome a Soyuz spacecraft in November with three new crew members, including NASA astronaut Chris Williams.  They also will bid farewell to the Soyuz carrying NASA astronaut Jonny Kim. The crew also is expected to see the arrival of the Dragon, Roscosmos Progress spacecraft, and Northrop Grumman’s Cygnus spacecraft to resupply the station.
    NASA’s SpaceX Crew-11 mission will be aboard the International Space Station on Nov. 2, when the orbiting laboratory surpasses 25 years of a continuous human presence. Since the first crew expedition arrived, the space station has enabled more than 4,000 groundbreaking experiments in the unique microgravity environment, while becoming a springboard for building a low Earth orbit economy and preparing for NASA’s future exploration of the Moon and Mars.
    Learn more about the space station, its research, and crew, at:
    https://www.nasa.gov/station

    MIL OSI USA News

  • MIL-OSI USA: AG Labrador Leads States Backing Trump’s Decision to End Racial Discrimination in Federal Contracting

    Source: US State of Idaho

    Home Newsroom AG Labrador Leads States Backing Trump’s Decision to End Racial Discrimination in Federal Contracting

    BOISE — Attorney General Raúl Labrador led a 20-state coalition in filing an amicus brief urging a federal court to approve the Trump Administration’s decision to stop enforcing racial discrimination in federal transportation contracting. The brief, filed in Mid-America Milling Company v. United States Department of Transportation, supports a proposed consent order that would end the federal government’s enforcement of race-based preferences in the Disadvantaged Business Enterprise (DBE) program.
    “The DBE program requires states receiving federal funds to award a certain percent of federal transportation contract dollars to minority and women-owned businesses, regardless of whether those businesses submit the lowest bids,” said Attorney General Labrador. “This federal mandate forces states to sometimes reject the most qualified, cost-effective contractors based solely on the race and gender of business owners, resulting in higher costs for taxpayers. The Trump Administration is right to end this, and Idaho is proud to support them in doing so.”
    In Idaho, this discrimination has proven expensive. Over a recent 44-month period, the DBE program required Idaho’s Transportation Department to reject the lowest bid eight times, wasting $15.2 million in total project costs that could have been spent on other transportation projects. In one example, Idaho was forced to reject a $2.2 million bid and instead accept a $2.7 million bid to meet these federal demographic targets.
    The Mid-America Milling case was originally filed during the Biden Administration, challenging the DBE program as unconstitutional racial discrimination, and the Biden Administration vigorously defended the discriminatory program. After President Trump took office, his Administration reversed course, acknowledging that the program violates the Constitution and agreeing to a consent order that would stop enforcing it. The coalition’s brief urges the court to approve the proposed consent order, arguing that the DBE program violates the Equal Protection Clause.
    The $15.2 million figure represents only cases where the lowest bid was rejected outright. According to an MIT study cited in the brief, the total cost may be significantly higher because DBE requirements artificially inflate most contract prices. The study found that when California ended race-based contracting preferences, state contract costs fell 5.6% compared to federal contracts that still required such preferences.
    Joining Idaho are attorneys general from Alabama, Arkansas, Florida, Indiana, Iowa, Kansas, Kentucky, Mississippi, Missouri, Montana, Nebraska, North Dakota, Ohio, Oklahoma, South Carolina, South Dakota, Tennessee, Texas, and West Virginia, along with the Arizona Legislature.
    Read the brief here.

    MIL OSI USA News

  • MIL-OSI Security: Former New York City Police Officer Sentenced to 40 Years’ Imprisonment for Sex Offenses Involving Minors

    Source: US FBI

    Defendant Was Convicted by a Federal Jury of Child Exploitation, Attempted Child Exploitation, and Coercion of a Minor

    Earlier today, in federal court in Brooklyn, Christopher Terranova, a former New York City Police Department (NYPD) officer, was sentenced by United States District Judge Kiyo A. Matsumoto to 40 years’ imprisonment for sexually exploiting, attempting to sexually exploit, and enticing and coercing three 15-year-old boys and a 12-year-old boy.  Terranova was employed as a police officer with the NYPD at the time of the charged conduct.  A federal jury convicted Terranova of the charges in November 2024.

    Joseph Nocella, Jr., United States Attorney for the Eastern District of New York and Christopher G. Raia, Assistant Director in Charge, Federal Bureau of Investigation, New York Field Office (FBI) announced the sentence.

    “The significant sentence the court imposed is a just outcome for the defendant’s abuse of his position as a police officer to groom and manipulate young boys, gain their trust, then sexually abuse and exploit them,” stated United States Attorney Nocella.  “The victims showed courage in coming forward to expose this predator, and the sentence imposed ensures that no other child will be harmed by the defendant while he spends decades in prison.”

    Mr. Nocella expressed his appreciation to the NYPD’s Internal Affairs Bureau for their assistance during the investigation.

    “Christopher Terranova, a former NYPD officer, targeted, and sexually exploited multiple minors, including some who were also victims in unrelated crimes,” stated FBI Assistant Director in Charge Raia.  “Terranova’s unthinkable actions violated his sworn duty to protect this community and reflect an egregious abuse of authority to satisfy his twisted desires.  May today’s sentencing reflect the FBI’s commitment to disrupting any sexual predator from further victimizing our city’s most vulnerable victims.”

    Between approximately December 2019 and May 2023, Terranova used social media to engage in sexually explicit conversations with underage boys and attempt to entice them into taking sexually explicit photographs of themselves and sharing them with Terranova.  Terranova used popular social media applications to message and gain the trust of underage boys whom he encountered socially, online, or through his job as a police officer.

    For example, between March 2023 and May 2023, Terranova targeted a 15-year-old boy he encountered at the 121st Precinct on Staten Island who was there to report that he had been robbed. Terranova obtained the victim’s cellphone number from the robbery complaint in an NYPD database and messaged him: “Hey… it’s Chris Terranova the cop you met at the 121 that day with mom, i just wanted to reach out to see if you were doing ok after the incident, I hate seeing these things happen to good Guys like yourself.”  In subsequent messages, Terranova inquired about the investigation, referred to his role as a police officer, and asked the victim if he had any interest in the police department or its youth programs. Terranova also suggested, “If [sic] here too if you ever want to talk[.] I been through a lot myself over the years so just know that little bro.”  Terranova then asked the victim to add him on “snap” or “the gram,” referring to Snapchat and Instagram.  On Snapchat, Terranova began asking the victim sexually explicit questions, sent the victim a photograph of Terranova’s genitals, and asked for a sexually explicit photograph of the victim.  The victim informed his mother about the inappropriate messages and she reported the matter to police.

    Terranova also engaged in hands-on sex acts with two of his minor victims.  One of those victims was the 15-year-old son of an acquaintance of Terranova.  While giving that victim a ride home from a birthday party, Terranova brought the victim to a secluded location where he directed the victim to engage in sex acts with him.

    Terranova met a third 15-year-old victim, who lived in Texas, on social media.   Terranova used his status as a police officer to gain the victim’s trust.  Terranova traveled to Texas at least 16 times to visit the victim, engaged in sexual acts with him and purchased a house in the victim’s neighborhood.  In one message, Terranova stated: “You being with me. . . and making love to me is more than a sign of everything happens for a reason.”   

    Terranova also met a 12-year-old victim locally while Terranova was on-duty and in uniform.  Terranova messaged the victim on Snapchat and began asking him sexually explicit questions and solicited sexually explicit photos.

    This prosecution is part of Project Safe Childhood, a nationwide initiative launched in May 2006 by the Department of Justice to combat the growing epidemic of child sexual exploitation and abuse.  Led by United States Attorneys’ Offices, Project Safe Childhood marshals federal, state, and local resources to better locate, apprehend, and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims.  For more information about Project Safe Childhood, please visit https://www.justice.gov/psc.

    The government’s case is being handled by Office’s Human Trafficking and Civil Rights Section.  Assistant United States  Attorneys Rachel A. Bennek and Lauren A. Bowman are in charge of the prosecution, with the assistance of Paralegal Specialist Chelsea Guzman.

    The Defendant:

    CHRISTOPHER TERRANOVA
    Age: 35
    Staten Island, New York

    E.D.N.Y. Docket No. 23-CR-516 (KAM)

    MIL Security OSI

  • MIL-OSI Security: Brooklyn-Based ‘Euro 380’ Gang Members Indicted on Racketeering Charges and Firearm-Related Murder

    Source: US FBI

    The Defendants’ Crimes Also Involved Armed Robberies, Drug Trafficking, Weapons Possession, and Assault in-Aid-of Racketeering

    Earlier today, in a federal court in Brooklyn, an 11-count superseding indictment was unsealed charging four Euro 380 gang members, Kashawn Mason, also known as “Jojo” and “Jojo Euro,” Daniel Horton, also known as “DayDay” and “DayDay Tz,” Ryan Nieves, also known as “Rocket” and “TooSturdy,” and Dylan Stanley, also known as “Brady,” with racketeering, firearm-related murder, multiple armed robberies, and assaults in-aid-of racketeering.  Mason and Stanley are also charged with distribution and possession with intent to distribute fentanyl.  Mason and Stanley were taken into custody today and will be arraigned this afternoon before United States Magistrate Judge James R. Cho.  Horton and Nieves are presently in federal custody and will be arraigned at a later date.     

    Joseph Nocella, Jr., United States Attorney for the Eastern District of New York;   Christopher G. Raia, Assistant Director in Charge, Federal Bureau of Investigation, New York Field Office (FBI); Jessica S. Tisch, Commissioner, New York City Police Department (NYPD); Eric Gonzalez, Brooklyn District Attorney; and Anne T. Donnelly, Nassau County District Attorney announced the superseding indictment.

    “As alleged in the superseding indictment, the defendants carried out a litany of violent crimes, including a senseless murder in furtherance of their gang, putting the Bedford Stuyvesant community at extreme risk of harm and turning housing developments into war zones,” stated United States Attorney Nocella.  “Today’s superseding indictment speaks loudly about the commitment of our Office to reducing gun violence, making our communities safe for law abiding residents who have been living in fear of violent gangs and bringing gang members to justice.  I commend our prosecutors and federal and state law enforcement partners for their tireless work dismantling gangs operating in Brooklyn and throughout the Eastern District.”

    Mr. Nocella also thanked the Nassau County Police Department and the New York State Department of Corrections for their valuable assistance.

    “To enhance their gang’s status and intimidate rivals, these four defendants allegedly participated in a myriad of criminal activity, including a retaliatory murder,” stated FBI Assistant Director in Charge Raia.  “Their alleged actions allowed tensions to violently erupt in a residential community and submitted bystanders to a senseless territorial gunfight.  Alongside our law enforcement partners, the FBI maintains its steadfast determination to disrupt any gangs’ reign of terror in our neighborhoods.  This operation is part of Summer Heat, the FBI’s nationwide initiative targeting violent crime during the summer months.”

    “The defendants in this case allegedly treated our Brooklyn neighborhoods like a warzone, firing 34 rounds in broad daylight, killing one person and injuring others, all to settle a gang score,” stated NYPD Commissioner Tisch.  “They robbed businesses, pushed fentanyl, and recruited teenagers to carry out violence.  Today’s indictment makes clear that we will not let violent gangs turn our communities into battlegrounds.  I want to thank our investigators and law enforcement partners for their relentless work to bring these defendants to justice.”

    “This was brazen, targeted violence that put entire communities at risk as these defendants allegedly opened fire near homes and businesses and robbed residents at gunpoint,” stated Brooklyn District Attorney Gonzalez.  “Brooklyn saw record-low gun violence last year, and we are committed to holding accountable anyone who imperils our progress improving the safety of our neighborhoods.  This indictment reflects the results of a strong collaboration between my Office, the NYPD, and federal law enforcement.  I commend U.S. Attorney Nocella, his team, and all of our partners for their outstanding work.”

    “Gun violence and gang-related crime know no borders, which is why strong law enforcement partnerships are crucial in the fight against them,” stated Nassau County District Attorney Donnelly.  “My office is proud to have assisted the U.S. Attorney’s Office, our local partners in New York City, and the FBI, in charging these defendants for their alleged crimes.  By working together across jurisdictions, we are sending a message that anyone who perpetrates violence in our communities will be met with justice.”

    As alleged in the superseding indictment and other court filings, Euro 380 gang is a violent street gang operating out of the Marcy Houses, a New York City Housing Authority (NYCHA) development in Bedford-Stuyvesant, Brooklyn.  Euro 380 is a subset of the Untouchable Gorilla Stone Nation (UGSN), a parent gang with members located in Brooklyn and elsewhere.  Members of Euro 380 have a longstanding rivalry with another gang known as the Bloodhound Brims and, more specifically, a subset of the Bloodhound Brims known as “900,” which also operates out of Bedford-Stuyvesant in the Tompkins and Sumner Houses, also NYCHA developments located less than two blocks from the Marcy Houses.

    On September 30, 2023, Nieves, Stanley and two juveniles walked from the Marcy Houses to the Sumner Houses intending to shoot and kill rival 900 gang members after one of their fellow Euro 380 members was murdered three days earlier.  After arriving at the Sumner Houses, Nieves and Stanley unleashed a fusillade of 34 rounds at a group of individuals they believed to be 900 gang members.  Kyle Forde was killed and two other individuals suffered non-fatal gunshot wounds.  The fatal shooting was allegedly ordered by Mason and another high-ranking Euro 380 member.

    Additionally, in September 2023 and November 2023, the defendants carried out three robberies in Brooklyn of individuals, a smoke shop, and a bodega during which they displayed firearms or what appeared to be a firearm.

    The charges in the superseding indictment are allegations, and the defendants are presumed to be innocent unless and until proven guilty.  If convicted, defendants Mason, Nieves, and Stanley face a maximum of life in prison.  Horton faces a maximum of 20 years’ imprisonment. 

    The government’s case is being handled by the Office’s Organized Crime and Gangs Section.  Assistant United States Attorneys Andy Palacio, Raffaela S. Belizaire, and Megan Larkin are in charge of the prosecution.

    The Defendants

    KASHAWN MASON (also known as “Jojo” and “Jojo Euro”)
    Age:  22
    Brooklyn, New York   

    DANIEL HORTON (also known as “DayDay” and “DayDay Tz”)
    Age:  23
    Brooklyn, New York   

    RYAN NIEVES (also known as “Rocket” and “TooSturdy”)
    Age:  20
    Brooklyn, New York

    DYLAN STANLEY (also known as “Brady”)
    Age:  22
    Brooklyn, New York   

    E.D.N.Y. Docket No. 24-CR-261 (ENV)

    MIL Security OSI

  • MIL-OSI Security: Long Island MS-13 Gang Member Pleads Guilty to Role in Two 2016 Murders in Nassau County

    Source: US FBI

    Earlier today, in federal court in Central Islip, Kevin Cuevas Del Cid, also known as “Creeper,” “Malcriado,” “Sombra,” “Vinky,” and “Dabura,” a member of the Sailors Locos Salvatruchas Westside (Sailors) clique of La Mara Salvatrucha, also known as the MS-13, a transnational criminal organization, pleaded guilty to racketeering charges in connection with his participation in the May 21, 2016 murder of Kerin Pineda and the October 10, 2016 murder of Javier Castillo, both of whom were killed in Freeport, New York, as well as a conspiracy to distribute cocaine and marijuana.  The proceeding was held before United States District Judge Joan M. Azrack.  

    Joseph Nocella, Jr., United States Attorney for the Eastern District of New York; Christopher G. Raia, Assistant Director in Charge, Federal Bureau of Investigation, New York Field Office (FBI); and Patrick J. Ryder, Commissioner, Nassau County Police Department (NCPD), announced the guilty plea.

    “Today, the defendant pleaded guilty to the brutal killings of two young people, whose murders demonstrate the MS-13’s well-established obsession with committing extreme acts of violence and complete disregard for human life,” stated U.S. Attorney Nocella.  “Our Office and our law enforcement partners remain steadfast in our commitment to hold violent gang members accountable for the fear, destruction, and death they bring to our communities.”

    “Kevin Cuevas Del Cid, an MS-13 member, slaughtered two victims based on their assumed alliance with a rival gang. Del Cid’s attacks reflect the gang’s brutal rhetoric designed to intimidate and punish any perceived threat to its organization,” stated FBI Assistant Director in Charge Raia.  “The FBI remains committed to collaborating with our local law enforcement partners to eradicate this senseless gang violence from continuing to terrorize our communities.”

    “We are grateful to our federal partners for working together to take these dangerous criminals off our streets,” stated NCPD Commissioner Ryder.  “We have no tolerance for gang violence in Nassau County and we will never stop working to protect our citizens from these violent elements.”

    According to court filings and statements by the defendant at the guilty plea proceeding, the defendant participated in the murder of 20-year-old Kerin Pineda, who was killed because of his suspected membership in the 18th Street gang.  Specifically, in May 2016, Del Cid and other MS-13 members devised a plan where Del Cid created a fake Facebook profile of a young female to communicate with Pineda in order to lure Pineda out to be killed. On May 21, 2016,  Pineda went to a secluded wooded area near the Merrick-Freeport border believing that he was meeting the young female he had been communicating with on Facebook, who was, in fact, Del Cid.  When Pineda arrived, he was surrounded and violently attacked by Del Cid and the other MS-13 members, each of whom took turns hacking and slashing him with machetes.  Pineda’s body was then buried in a hole that had been dug in the ground the day before in anticipation of the murder.  Del Cid is the last of six previously charged MS-13 members to plead guilty to the Pineda murder.

    Del Cid also pleaded guilty to the murder of 15-year-old Javier Castillo, who, like Pineda, was killed because the MS-13 suspected him of being a member of the 18th Street gang.  On October 10, 2016, members of the Sailors clique in Brentwood convinced Castillo, who lived in Central Islip, to go with them to Freeport – approximately 30 miles away – to smoke marijuana.  Del Cid and the other MS-13 members took Castillo to an isolated marsh area along the water in Cow Meadow Park, in Freeport, where they attacked and killed him, taking turns hacking him with a machete.  Thereafter, the MS-13 members dug a hole and buried Castillo’s body, which was not recovered until one year later, in October 2017.  With Del Cid’s conviction, more than a half dozen MS-13 have been charged and pleaded guilty in connection with the Castillo murder.

    Del Cid, who was 16 years old at the time of the Pineda and Castillo murders, initially was charged by a juvenile information filed under seal on May 20, 2020. The government subsequently filed a motion to transfer Del Cid to adult status for prosecution, and an evidentiary hearing was held on June 3, 2022.  On July 6, 2022, United States Circuit Judge Joseph F. Bianco, sitting by designation, issued a Memorandum and Order granting the government’s motion, and ordering Del Cid be prosecuted as an adult.

    Today’s guilty plea is the latest achievement in a series of federal prosecutions by the United States Attorney’s Office for the Eastern District of New York targeting members of the MS-13, a violent transnational criminal organization.  The MS-13’s leadership is based in El Salvador, Honduras, Guatemala, and Mexico, but the gang has thousands of members across the United States.  With numerous branches, or “cliques,” the MS-13 is the most violent criminal organization on Long Island.  Since 2003, hundreds of MS-13 members, including dozens of clique leaders, have been convicted on federal felony charges in the Eastern District of New York. A majority of those MS-13 members have been convicted on federal racketeering charges for participating in murders, attempted murders, and assaults.  Since 2010, this Office has obtained indictments charging MS-13 members with carrying out more than 75 murders in the Eastern District of New York, resulting in the convictions of dozens of MS-13 leaders and members in connection with those murders.  These prosecutions are the product of investigations led by the FBI’s Long Island Gang Task Force, which is comprised of agents and officers of the FBI, NCPD, Suffolk County Police Department, Nassau County Sheriff’s Department, Suffolk County Probation Office, Suffolk County Sheriff’s Office, the New York State Police, the Hempstead Police Department, the Rockville Centre Police Department, and the New York State Department of Corrections and Community Supervision.

    The case is part of Operation Take Back America, a Department of Justice initiative aimed at eradicating transnational criminal organizations, combating violent crime, and restoring the rule of law.

    This prosecution is also part of an Organized Crime Drug Enforcement Task Forces (OCDETF) investigation.  OCDETF identifies, disrupts, and dismantles the highest-level drug traffickers, money launderers, gangs, and transnational criminal organizations that threaten the United States by using a prosecutor-led, intelligence-driven, multi-agency approach that leverages the strengths of federal, state, and local law enforcement agencies against criminal networks.

    The government’s case is being handled by the Criminal Section of the Office’s Long Island Division.  Assistant United States Attorneys Paul G. Scotti, Justina L. Geraci, and Megan E. Farrell are in charge of the prosecution, with the assistance of Paralegal Specialist Kerry Ucci and Automated Litigation Specialist Michael Compitello.

    The Defendant:

    KEVIN CUEVAS DEL CID (also known as “Creeper,” “Malcriado,” “Sombra,” “Vinky,” and “Dabura”)
    Age: 25
    Freeport, New York

    E.D.N.Y. Docket No. 20-CR-251 (S-1) (JMA)

    MIL Security OSI