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Category: Transport

  • MIL-OSI: Wrap Acquires W1 Global: Expands Managed Services with Former FBI, DEA, and DoD Leadership to Accelerate Made-in-America End-to-End Solutions

    Source: GlobeNewswire (MIL-OSI)

    This news follows: Wrap Unveils Managed Safety and Response (MSR) Connected Ecosystem in Virginia

    TEMPE, Ariz., Feb. 24, 2025 (GLOBE NEWSWIRE) — Wrap Technologies (NASDAQ: WRAP) (“Wrap” or, the “Company”) today announced it has completed the acquisition of W1 Global, LLC (“W1”) a preeminent professional services and consulting firm led by an executive team of former high-ranking law enforcement and U.S. Intelligence Community professionals, with deep competencies in complex international criminal investigation, regulatory matters and compliance issues.

    The acquisition of W1 is expected to increase Wraps access to the skill and experience of this distinguished group, as well as expand the international reach of its MSR Connected Ecosystem. It is also expected to support a tech-enabled enhancement of the suite of professional and consulting services that W1 has provided to its clients all over the world.

    Wrap’s acquisition has now assembled a deep team of senior leaders from both the public sector and national security agencies:

    • Professional Services will be led by Bill McMurry, a career law enforcement and intelligence professional. Mr. McMurry is a retired FBI Supervisory Special Agent who served in the FBI’s New York Office for twenty-four years. Mr. McMurry worked closely with the US DOJ, DEA, ATF, HSI, OFAC, DOD and the USIC to develop a national strategy to implement a whole of government response to combat the threat posed by Transnational Organized Crime.
    • Managed Safety and Response will be led by Jim DeStefano, former Assistant Special Agent in Charge of a Special Operations Branch responsible for the New York field division’s preparation for, response to, and recovery from all crisis and special events – including training and tactics in response to emotionally disturbed persons. John Penza, adds experience from state and federal corrections, local law enforcement, and as the former New York Division’s Assistant Special Agent in Charge of the Violent Crimes and Drug Trafficking Branch.
    • Investigative, Regulatory and Compliance professional services will be supported by Ric Bachour, a former local and state police officer, U.S. Marine, and Purple Heart recipient. His international experience includes leadership roles in the DEA Sensitive Undercover Operations Unit, Special Operations, and DEA’s Foreign and Domestic Field Offices.

    Additional Talent Pipeline and International Go-To-Market

    Wrap anticipates accessing a deep talent pool as individuals transition from long government tenures, marking the first of many strategic talent acquisitions to meet growing market demands.

    The W1 Global transaction is expected to position Wrap for international expansion by leveraging W1’s global network and expertise in investigative services. This in-country support network, consisting of former government personnel, provides valuable entry points for global distribution while aligning with U.S. resources and support systems.

    End-to-End Ecosystem

    The W1 Global transaction creates an end-to-end ecosystem with two key business lines: leveraging top talent to deliver comprehensive Managed Safety and Response (MSR) solutions and expanding tech-enabled professional services to enhance client support. Both companies’ clients demonstrate a strong appetite for each other’s services—Wrap’s international clients show significant interest in investigative services, while W1 Global’s clients are keen on Wrap’s BolaWrap, drones, and expanding cyber solutions within the MSR portfolio. This strategic combination effectively meets the market demand for integrated safety and technology-driven professional services, driving growth and enhancing client support.

    Scot Cohen, Chairman and Chief Executive Officer of Wrap, commented, “The acquisition of W1 Global is a transformational step in establishing Wrap as a leader in Managed Safety and Response services. It is expected to drive immediate revenue growth, be accretive, and create synergies with our existing business, including the revamped BolaWrap program, while supporting our expanding global channel system.”

    Bill McMurry, Chief Executive Officer of W1 Global, commented, “W1 and Wrap can now deliver comprehensive MSR solutions with expert consulting, integration, and customization. By combining cutting-edge technology like the BolaWrap with professional services, we hope to ensure seamless implementation and continuous support. Our deep industry expertise is expected to allow us to optimize safety solutions for public safety agencies, effectively addressing complex challenges.”

    About Wrap Technologies, Inc.

    Wrap Technologies, Inc. (Nasdaq: WRAP) is a leading global provider of advanced public safety solutions, integrating ultramodern technology, cutting-edge tools, and comprehensive services to address the complex, modern day challenges facing public safety organizations around the world. Guided by a no-harm principle, Wrap is dedicated to developing groundbreaking solutions that empower public safety agencies to safeguard the communities they serve in a manner that fosters stronger relationships, driving safer outcomes, empowering public safety and communities to move forward together.

    Wrap’s BolaWrap® solution encompasses an innovative and patented hand-held remote restraint device, strategically engineered with Wrap’s no-harm guiding principle to proactively deter escalation by deploying a Kevlar® tether that safely restrains individuals from a distance. Combined with BolaWrap® training, certified by the esteemed International Association of Directors of Law Enforcement Standards and Training (IADLEST), Wrap enables officers from over 1000 agencies across the U.S. and 60 countries around the world, with the expertise to effectively use BolaWrap® as an early intervention measure, mitigating potential risks and injuries, averting tragic outcomes, with the goal to save lives with each wrap.

    Wrap Reality™, the Company’s advanced virtual reality training system, is a fully immersive training simulator and comprehensive public safety training platform that equips first responders with the discipline and practice to prevent escalation, de-escalate conflicts, and apply appropriate tactical use-of-force measures to better perform in the field. By offering a growing range of real-life scenarios, Wrap Reality™ addresses the dynamic nature of modern law enforcement situations for positive public safety outcomes, building safer communities one decision at a time.

    Wrap’s Intrensic solution is a comprehensive, secure and efficient body worn camera and evidence collection and management solution designed with innovative technology to quickly capture, safely handle, securely store, and seamlessly track evidence, all while maintaining full transparency throughout the process. With meticulous consolidation and professional management of evidence, confidence in law enforcement and the justice system soars, fostering trust and reliability in court outcomes. Intrensic’s efficient system streamlines the entire process seamlessly, empowering all public safety providers to focus on what matters, expediting justice with integrity.

    Connect with Wrap:
    Wrap on Facebook
    Wrap on Twitter
    Wrap on LinkedIn

    Trademark Information

    Wrap, the Wrap logo, BolaWrap®, Wrap Reality™ and Wrap Training Academy are trademarks of Wrap Technologies, Inc., some of which are registered in the U.S. and abroad.  All other trade names used herein are either trademarks or registered trademarks of the respective holders.

    Cautionary Note on Forward-Looking Statements – Safe Harbor Statement
    This release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expect,” “anticipate,” “should”, “believe”, “target”, “project”, “goals”, “estimate”, “potential”, “predict”, “may”, “will”, “could”, “intend”, and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Moreover, forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control. The Company’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the expected benefits of the acquisition of W1, the Company’s ability to maintain compliance with the Nasdaq Capital Market’s listing standards; the Company’s ability to successfully implement training programs for the use of its products; the Company’s ability to manufacture and produce products for its customers; the Company’s ability to develop sales for its products; the market acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company’s product solutions; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the business impact of health crises or outbreaks of disease, such as epidemics or pandemics; the impact resulting from geopolitical conflicts and any resulting sanctions; the ability to obtain export licenses for counties outside of the United States; the ability to obtain patents and defend intellectual property against competitors; the impact of competitive products and solutions; and the Company’s ability to maintain and enhance its brand, as well as other risk factors mentioned in the Company’s most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and other Securities and Exchange Commission filings. These forward-looking statements are made as of the date of this release and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

    Investor Relations Contact:

    (800) 583-2652
    ir@wrap.com

    The MIL Network –

  • MIL-OSI United Kingdom: Plymouth marks three years of Russian invasion of Ukraine

    Source: City of Plymouth

    Plymouth is paying tribute to the enduring courage of the Ukrainian people as it marks three years since the full-scale Russian invasion of Ukraine began.

    The blue and yellow flag of Ukraine is flying from a flagpole in the Civic Square and the Lord Mayor of Plymouth has reflected on the grim anniversary at Full Council.

    Councillor Tina Tuohy, The Lord Mayor of Plymouth said: “Three years – three years of a devastating conflict that we are still watching play out on our screens night after night.

    “With the world leaders currently embroiled in a war of words, it is important to reflect on the war on the ground and the unimaginable suffering the population of Ukraine has endured.

    “I am proud that our city has been able to do its bit for those who have been forced to flee their homeland and seek sanctuary here.

    “We are proud of our quick response to the Homes For Ukraine scheme, which was launched in March 2022 and that we were able to welcome over 200 Ukrainians that year. We have since welcomed over 70 more guests to Plymouth.

    “Many of our residents opened up their homes to host those fleeing from Ukraine and we continue to see new sponsors registering to offer their support.

    “Organisations across the city continue to offer support and a warm welcome to make sure they can access vital services such as health care, education, social care and English language lessons.

    “To the Ukrainians here in Plymouth who will be thinking of their family and friends back home, we stand with you.”

    MIL OSI United Kingdom –

  • MIL-OSI: CBAK Energy’s 32140 Cells Capture 19% of Global Market Share, Report Shows

    Source: GlobeNewswire (MIL-OSI)

    DALIAN, China, Feb. 24, 2025 (GLOBE NEWSWIRE) — CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy” or the “Company”), a leading manufacturer of lithium-ion and sodium-ion batteries and electric energy solutions in China, today announced its significant global market share in the rapidly growing large cylindrical battery segment, which saw remarkable growth in 2024.

    According to the latest report from Start Point Institute of Research (“SPIR Report”), global shipments of Series 32 large cylindrical batteries, which includes the Company’s 32140 cylindrical cells, surged to 102 million units in 2024, with a year-over-year increase of 14.29%. CBAK Energy played a pivotal role in this growth, delivering 19.42 million units of its 32140 large cylindrical batteries, capturing approximately 19% of the global market share of Series 32 batteries.

    The SPIR Report further noted that total global shipments of large cylindrical batteries, encompassing both Series 32 and Series 40 cylindrical cells, reached 175 million units in 2024. Of this total, CBAK Energy’s 32140 cylindrical cells accounted for an estimated 11.1% of combined global shipments, underscoring the Company’s substantial contribution to this fast-growing market.

    In addition, the SPIR Report highlighted that shipments of other cylindrical battery series, including Series 26, 46, 60, and 66, totaled 500 million units globally in 2024, with Series 26 likely comprising the largest portion. CBAK Energy also made significant strides in this segment, shipping approximately 32.04 million units of its 26650 and 26700 cylindrical batteries in 2024, which represents around 6.4% of the combined global market share.

    The global cylindrical battery market as a whole saw impressive growth in 2024, with total shipments reaching 14.61 billion units, marking a 10.9% year-over-year increase, as reported by SPIR. This surge was driven by the growing demand for large cylindrical batteries across a variety of applications, including new energy vehicles, electric two- and three-wheelers, portable power stations, power tools, and drones. CBAK Energy’s commanding market share in Series 32 batteries and large cylindrical batteries highlights the Company’s leadership in providing high-performance, reliable energy storage solutions. To meet the rising demand, both of CBAK Energy’s production lines for 32140 batteries are operating at full capacity. The Company’s 40135 cylindrical cells, classified under the Series 40 battery category, are set to be launched in 2025.

    “We are encouraged by our performance in the large cylindrical battery market in 2024,” said Zhiguang Hu, Chief Executive Officer of CBAK Energy. “The significant growth in this segment, driven by increased adoption in electric two-wheelers and portable power solutions, highlights our ability to meet the evolving needs of our customers. Our strong market share reflects our ongoing commitment to innovation, quality, and delivering exceptional energy storage solutions.”

    About CBAK Energy
    CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium batteries and raw materials for use in manufacturing high power lithium batteries. The applications of the Company’s products and solutions include electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply (UPS), and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing and Shaoxing, as well as a large-scale R&D and production base in Dalian.

    For more information, please visit ir.cbak.com.cn.

    Safe Harbor Statement
    This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements.

    The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.

    For further inquiries, please contact:
    In China:
    CBAK Energy Technology, Inc.
    Investor Relations Department
    Email: ir@cbak.com.cn

    The MIL Network –

  • MIL-OSI: EnerPure Announces Successful Completion of SDTC Project

    Source: GlobeNewswire (MIL-OSI)

    Winnipeg, MB, Feb. 24, 2025 (GLOBE NEWSWIRE) — EnerPure Inc. (“EnerPure” or the “Company”), a recycling and energy transition company, is pleased to announce the successful completion of its SDTC project and receipt of its final payment under the funding agreement.

    “We are incredibly grateful to Sustainable Development Technology Canada (SDTC) for their support during the critical final stages of our technology development and the development of our market rollout plans. We set some lofty goals back in 2019 when we first entered into the agreement with SDTC, they kept us accountable to delivering into those goals while also providing financial support throughout the pandemic. The submission of the final report and receipt of the final grant installment provides further validation and confirmation of our readiness to commercially deploy our recycling plants,” commented Todd Habicht, Chairman, CEO and Founder.

    The project funding provided by SDTC enabled EnerPure to optimize and complete the development of its technology, and to advance the company’s goal of deploying 21 recycling plants in six years (our 21/6 goal). The achievement of this goal will result in the cumulative reduction of one million tonnes of GHG emissions during this six-year period. In total, STDC contributed $3.47 million in funding to the project. This SDTC funding, in conjunction with other provincial and federal grants, and our own fund-raising initiatives has resulted in ~$40m in investment over the last 15 years into the development of our state-of-the-art technology for recycling Used Motor Oil (UMO). This technology produces marine fuel that has a carbon intensity 14.6% lower than other petroleum-based marine fuels available in the market and has a sulphur content of less than 0.1%.

    On January 16, 2025, EnerPure announced the results of its recent environmental benefits study, completed as a part of our SDTC project, wherein it was noted that each EnerPure recycling plant would deliver annual GHG emission reductions of 36,315 tonnes and the elimination of 437 tonnes of CACs (Criteria Air Contaminants) per recycling plant. We remain excited about the prospects for 2025 and beyond as we work towards the deployment of our first full-scale commercial plant in Canada’s oil and gas heartland, Alberta.

    About EnerPure – https://enerpure.tech

    “We recycle Used Motor Oil (UMO) to reduce GHG emissions while producing a lower carbon-intensive marine fuel.”

    With an estimated 17 billion litres of UMO1 burned or dumped (~70% of total UMO) around the world each year, the improper disposal of UMO is a growing environmental and societal problem. EnerPure sees a tremendous opportunity to solve this problem through the deployment of its micro-scale recycling plants using its patented technology to convert UMO into high-quality marine fuel.

    Our micro-scale recycling plants have a significantly lower capex (approximately 5% of traditional solutions) which provides localized solutions for the recycling of UMO while significantly reducing the cost of collection.

    Our technology has been proven via our pilot plant with 1.6 million litres processed and validated through fuel sales of over 1.2 million litres. Our marine fuel is in high demand in this growing market due to meeting and exceeding the exacting requirements of the ISO 8217 marine fuel standard while delivering a 14.6% lower carbon intensity. Annually each recycling plant can reduce greenhouse gas (“GHG”) emissions and criteria air containments (“CAC”) by 36,315 and 437 tonnes, respectively.

    With EnerPure’s solution, environmental need meets strong economic returns to enable regional recycling of the disseminated UMO problem; we believe that recycling will fuel the energy transition.

    1UMO is defined as any petroleum-based or synthetic lubricating oil that cannot be used for its original purpose due to contamination.

    Disclosure and Caution

    This press release may contain certain disclosures that may constitute “forward-looking statements” within the meaning of Canadian securities legislation. In making the forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable. However, the forward-looking statements are subject to numerous risks, uncertainties and other factors, including but not limited to economic, capital expenditures and engineering projections, that may cause future results to differ materially from those expressed or implied in such forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

    The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.

    The MIL Network –

  • MIL-OSI: FormFactor Announces the Closing of FICT Transaction

    Source: GlobeNewswire (MIL-OSI)

    LIVERMORE, Calif., Feb. 24, 2025 (GLOBE NEWSWIRE) — FormFactor, Inc. (Nasdaq: FORM) is pleased to announce the closing of its acquisition, together with North Asia private equity firm MBK Partners (“MBKP”), of FICT Limited (“FICT”). As stated on February 5th, 2025, this transaction secures FormFactor’s access to FICT’s essential technologies for advanced probe cards, strengthens the long-term partnership between the companies, and positions FICT to continue developing leading-edge technologies for its customers in the semiconductor and high-performance computing markets. 

    FormFactor invested approximately $60M for a 20% non-controlling stake and was granted a seat on the company’s board of directors. This investment is not expected to have a material impact on FormFactor’s operating results. 

    “FormFactor and MBKP are committed to the success of FICT and FICT’s customers,” commented Mike Slessor, FormFactor CEO. “This transaction solidifies our important collaboration with FICT to build world-class test and packaging consumables, and strengthens the semiconductor test supply chain serving the rapidly accelerating adoption of advanced packaging.” 

    About FormFactor:

    FormFactor, Inc. (NASDAQ: FORM), is a leading provider of essential test and measurement technologies along the full semiconductor product life cycle – from characterization, modeling, reliability, and design de-bug, to qualification and production test. Semiconductor companies rely upon FormFactor’s products and services to accelerate profitability by optimizing device performance and advancing yield knowledge. The Company serves customers through its network of facilities in Asia, Europe, and North America. For more information, visit the Company’s website at www.formfactor.com. 

    Forward-looking Statements: 

    This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the federal securities laws, including with respect to the Company’s future financial and operating results, and the Company’s plans, strategies and objectives for future operations. These statements are based on management’s current expectations and beliefs as of the date of this release, and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from those described in the forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the expected impact of the transaction on the Company’s operating results, the expected benefit of the transaction to the Company and the industry, and other statements regarding the Company’s business. Forward-looking statements may contain words such as “may,” “might,” “will,” “expect,” “plan,” “anticipate,” “forecast,” and “continue,” the negative or plural of these words and similar expressions, and include the assumptions that underlie such statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in demand for the Company’s products; customer-specific demand; market opportunity; anticipated industry trends; the potential impact on the business of FormFactor and FICT due to uncertainties in connection with the acquisition; the retention of employees of FICT following acquisition; the ability of FormFactor to achieve expected benefits from the FICT acquisition; the availability, benefits, and speed of customer acceptance or implementation of new products and technologies; manufacturing, processing, and design capacity, goals, expansion, volumes, and progress; difficulties or delays in research and development; industry seasonality; risks to the Company’s realization of benefits from acquisitions, investments in capacity and investments in new electronic data systems and information technology; reliance on customers or third parties (including suppliers); changes in macro-economic environments; events affecting global and regional economic and market conditions and stability such as military conflicts, political volatility, infectious diseases and pandemics, and similar factors, operating separately or in combination; and other factors, including those set forth in the Company’s most current annual report on Form 10-K, quarterly reports on Form 10-Q and other filings by the Company with the U.S. Securities and Exchange Commission. In addition, there are varying barriers to international trade, including restrictive trade and export regulations such as the US-China restrictions, dynamic tariffs, trade disputes between the U.S. and other countries, and national security developments or tensions, that may substantially restrict or condition our sales to or in certain countries, increase the cost of doing business internationally, and disrupt our supply chain. No assurances can be given that any of the events anticipated by the forward-looking statements within this press release will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of the Company. Unless required by law, the Company is under no obligation (and expressly disclaims any such obligation) to update or revise its forward-looking statements whether as a result of new information, future events, or otherwise. 

    Source: FormFactor, Inc. 
    FORM-F 

    Investor Contact
    Stan Finkelstein
    Investor Relations
    (925) 290-4273
    ir@formfactor.com

    The MIL Network –

  • MIL-OSI: Baker Hughes Appoints Ahmed Moghal Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    • Experienced Baker Hughes finance leader will play key role in driving next phase of strategic transformation and growth

    HOUSTON and LONDON, Feb. 24, 2025 (GLOBE NEWSWIRE) — Baker Hughes Company (NASDAQ: BKR) (“Baker Hughes” or the “Company”) on Monday announced that Ahmed Moghal, a highly experienced finance leader who currently serves as chief financial officer (CFO) of our Industrial & Energy Technology (IET) business, has been appointed CFO of the Company, effective immediately. Prior to IET, Moghal held senior positions in various business and corporate roles. In this role, he succeeds Nancy Buese, who, by mutual agreement with the Company, ceased to serve as CFO effective today.

    Lorenzo Simonelli, Baker Hughes chairman and chief executive officer, said, “The news we are announcing today reflects the substantial progress Baker Hughes has made in executing our strategic transformation. Reflecting on the financial successes achieved during Horizon 1, we drove record results last year while taking key actions across the Company to significantly expand margins. As we progress into the next horizon, our focus remains on driving profitable growth across the Company as we further exploit our versatile IET portfolio, leverage growth across the natural gas and LNG value chain, scale our new energy and digital businesses, and drive enhanced growth in mature assets solutions.”

    He continued, “As we embark on this next phase of growth, it is crucial to have a CFO with deep-domain knowledge across both business segments, a track record of fostering collaboration and strong financial performance, and a comprehensive understanding of our growth strategy. As part of his previous roles in Baker Hughes, and as well as currently leading free cash flow efforts across the Company, Moghal has developed unique insights into our business and broad portfolio that will ensure we efficiently allocate capital to drive profitable growth while remaining focused on continuous margin improvement. We are confident he is the right person to help us deliver on our financial objectives and support a culture of innovation and a growth mindset across the Company.”

    The Company reaffirmed its first-quarter and full-year 2025 outlook shared during its 2024 fourth-quarter and full-year earnings conference call on Jan. 31, 2025. This includes projecting another solid year of EBITDA growth, achieving a 20% EBITDA margin for its OFSE segment in 2025 and the IET segment in 2026, and committed to returning 60% to 80% of free cash flow to shareholders.

    With Moghal’s appointment, Buese will move to a strategic adviser role and will depart the Company on April 30, 2025.

    Simonelli added, “We are grateful to Nancy for the important role she played in executing on key pillars of the first phase of our transformation, including driving operational efficiency and achieving cost reduction objectives to deliver enhanced margin growth and shareholder returns. We wish her all the best in her future endeavors.”

    Moghal has served as senior vice president & CFO of the Industrial and Energy Technology business of Baker Hughes since 2023. Prior to this role, he was appointed as the financial planning & analysis leader at the time of the merger of Baker Hughes and GE Oil & Gas in 2017. In his more than two decades of experience, Moghal has worked in several industries globally, driving performance across multiple business models and cycles. He started his career in GE in the Financial Management Program and subsequently Corporate Audit Staff.

    About Baker Hughes:

    Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

    For more information, please contact:

    Investor Relations

    Chase Mulvehill
    +1 346-297-2561
    investor.relations@bakerhughes.com

    Media Relations

    Adrienne M. Lynch
    +1 713-906-8407
    adrienne.lynch@bakerhughes.com

    The MIL Network –

  • MIL-OSI: Sprout Social Customers Achieved 268% Return on Investment According to New Independent Study

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Feb. 24, 2025 (GLOBE NEWSWIRE) — Sprout Social (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced the release of a Total Economic Impact™ study conducted by Forrester Consulting. The 2025 study reveals that Sprout Social enabled customers to achieve a return on investment (ROI) of 268% and a net present value (NPV) of $1.3 million over three years with a payback period of less than six months.

    The commissioned study conducted by Forrester Consulting on behalf of Sprout Social found that prior to Sprout Social, interviewed customers’ social teams spent 70% of their time scheduling and publishing posts, listening, replying on social media channels, and planning campaigns. By streamlining these processes and providing direct access to key performance and customer insights, the study found that Sprout Social customers saw a 60% productivity lift, enabling social teams to focus on more impactful work that increases audience engagement, improves customer satisfaction and boosts revenue.

    Sprout customers saw time savings and significant ROI across owned channels, influencer campaigns and employee advocacy programs.

    “Social is now one of the greatest and most important touchpoints an organization has with their customers,” said Scott Morris, CMO of Sprout Social. “Without an intuitive tool, managing campaigns across social–whether on owned channels or through an influencer program–isn’t possible. We’ve built a platform that helps brands make the most of their social investments to develop competitive, scalable strategies that unlock the full potential of social. This study reinforces the value we bring to customers while also underscoring the considerable value and ROI of social.”

    Customers reported that Sprout’s unified platform, AI-powered features and reporting capabilities enabled them to refocus their time on more important tasks and develop content and campaigns that better resonated with their audience and generated ROI. The Forrester study also found that a composite organization of interviewed Sprout Social customers realized the following benefits over three years:

    • Reduction of 80% in employee time spent on social media reporting.
    • Time savings of 60%, worth $1.1 million, on scheduling and publishing posts, social listening, replying on social media channels, and planning campaigns.
    • Time savings of 25% on discovering and managing influencers when leveraging Sprout Social Influencer Marketing
    • Increased organic traffic and $130,000 in additional revenue by leveraging Employee Advocacy by Sprout Social.

    These findings reflect the benefits that brands have seen by utilizing Sprout’s platform. In the study, customers said:

    “Sprout Social gives us time to strategize around our content and make it high-quality so that people respond to it. Sprout was able to take the stuff that we were spending a ton of time on so that we can sit down and figure out what’s working and really lean into it.”

    “I would have to at least triple the size of my team if I didn’t have Sprout.”

    “We’ve had a significant increase in engagement since using Sprout. Even just this past quarter, year over year, we’ve seen a 600% increase in engagement across our social media channels. We have more time to strategize versus time on executing content.”

    For more information on the Total Economic Impact™ study of Sprout Social please visit https://sproutsocial.com/insights/data/forrester-tei-study/, and learn more about Sprout Social at sproutsocial.com.

    About Sprout Social

    Sprout Social is a global leader in social media management and analytics software. Sprout’s intuitive platform puts powerful social data into the hands of approximately 30,000 brands so they can deliver smarter, faster business impact. Named the #1 Best Software Product by G2’s 2024 Best Software Award, Sprout offers comprehensive publishing and engagement functionality, customer care, influencer marketing, advocacy, and AI-powered business intelligence. Sprout’s software operates across all major social media networks and digital platforms. For more information about Sprout Social (NASDAQ: SPT), visit sproutsocial.com.

    Social Media Profiles:
    www.twitter.com/SproutSocial
    www.twitter.com/SproutSocialIR
    www.facebook.com/SproutSocialInc
    www.linkedin.com/company/sprout-social-inc-/
    www.instagram.com/sproutsocial

    Contact
    Media:
    Kaitlyn Gronek
    Email: pr@sproutsocial.com
    Phone: (773) 904-9674

    Investors:
    Lexi Johnson
    Twitter: @SproutSocialIR
    Email: lexi.johnson@sproutsocial.com
    Phone: (312) 528-9166

    The MIL Network –

  • MIL-OSI: Federal Home Loan Bank of Atlanta Commits $60 Million for Homeownership Grants

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, Feb. 24, 2025 (GLOBE NEWSWIRE) — The Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it is making $60 million in grant funding available through two enhanced programs to help families and individuals purchase or rehabilitate a home. Financial institutions that are members of FHLBank Atlanta can apply for funding to distribute to eligible customers beginning today, Feb. 24, 2025.

    “We are pleased to expand our support for homebuyers and homeowners this year, especially in light of challenges including high home prices and recent natural disasters,” said FHLBank Atlanta President and CEO Kirk Malmberg. “These programs have been designed to assist both first-time and repeat homebuyers, low- and moderate-income families, members of public service occupations, and those in declared emergency areas. We anticipate this funding will significantly impact the lives of thousands of people.”  

    FHLBank Atlanta is committing $40 million through its 2025 Affordable Housing Program (AHP) Homeownership Set-aside Program. Each member financial institution can access up to $750,000 to distribute through three products:

    • First-time Homebuyer: Provides up to $17,500 in downpayment, closing cost, or rehabilitation assistance to first-time homebuyers in connection with the purchase of an existing home. This is an increase from $12,500 offered in 2024.
    • Community Partners: Provides up to $20,000 in downpayment, closing cost, counseling, or rehabilitation assistance in connection with the purchase or purchase and rehabilitation of an existing home by employed or retired law enforcement officers, educators, firefighters, health care workers, veterans and surviving spouses, and other first responders. This is an increase from $15,000 offered in 2024.
    • Community Rebuild and Restore: Provides up to $25,000 in funding for the rehabilitation of an existing owner-occupied home in Major Disaster Declaration areas as designated by the Federal Emergency Management Agency (FEMA) or by a local, state, or other federal government agency. This funding per unit is up from $10,000 in 2024.

    FHLBank Atlanta is contributing $20 million to promote affordable housing through its Workforce Housing Plus+ Program, developed for borrowers with incomes between 80.01% and 120% of the area median income (AMI).

    • Member financial institutions can access up to $500,000 each and disburse grants up to $15,000 per eligible borrower for downpayment and closing costs.
    • Homes must be the primary residence of each grant recipient and located in FHLBank Atlanta’s district, which includes Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia.

    “As a member of FHLBank Atlanta, we have access to a range of affordable housing programs, including downpayment assistance, which reduces barriers to homeownership for many people,” said Paul Phillips, President and CEO of Freedom First Federal Credit Union. “By applying for FHLBank Atlanta funding to distribute, we are creating a ripple effect of positive change – empowering local individuals and families to invest in their futures and build generational wealth while strengthening communities. As a community development financial institution (CDFI), these programs are a powerful way that we fulfill our mission to help people prosper and help communities thrive.”

    Visit the FHLBank Atlanta website for full detail and eligibility requirements for the 2025 Homeownership Set-aside Program and Workforce Housing Plus+ Program. Funds to member institutions are available on a first-come, first-served basis. Borrower contribution and credit counseling are required for most products.

    If you need assistance connecting with a member financial institution, or for more information, call the Bank’s Community Investment Services department at 1.800.536.9650, option 3.

    About FHLBank Atlanta
    FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank’s members – its shareholders and customers – are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 11 district Banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have awarded approximately $9.1 billion in Affordable Housing Program funds, assisting more than 1.2 million households.

    For more information, visit our website at www.fhlbatl.com.

    CONTACT: Sheryl Touchton
    Federal Home Loan Bank of Atlanta
    stouchton@fhlbatl.com

    The MIL Network –

  • MIL-OSI United Kingdom: Second shipment of high level waste from the UK to Germany

    Source: United Kingdom – Executive Government & Departments

    News story

    Second shipment of high level waste from the UK to Germany

    Sellafield Ltd and Nuclear Transport Solutions are making preparations for the second return of high level waste, in the form of vitrified residue, to Germany.

    Seven flasks will be transported from Sellafield via a German port to the Isar Federal storage facility in the first half of 2025.

    This will be the second of three shipments from the UK to Germany. The first shipment of 6 flasks, to Biblis, was successfully completed in 2020.

    The waste results from the reprocessing and recycling of spent nuclear fuel at the Sellafield site in West Cumbria, which had previously been used to produce electricity by utilities in Germany.

    Vitrified residue returns are a key component of the UK’s Nuclear Decommissioning Authority (NDA) strategy to repatriate high level waste from the UK, fulfil overseas contracts and deliver UK Government policy.

    These returns involve Sellafield Ltd working in partnership with Nuclear Transport Solutions (NTS) to return the waste to German customers.

    The waste will be transported by sea on a specialist vessel to a German port, then onwards by rail to its final destination.

    The shipments will be carried out in full compliance with all applicable national and international regulations, and subject to issue of all relevant permits and licenses.

    Sellafield Ltd and NTS will provide further information on the shipments in due course.

    Updates to this page

    Published 24 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI Security: Iron River Man Sentenced To 84 Months In Federal Prison For Drug Possession And Drug Trafficking

    Source: Office of United States Attorneys

              GRAND RAPIDS – Acting U.S. Attorney for the Western District of Michigan Andrew Birge today announced that Matthew Joseph Sheehan, 45, of Iron River, was sentenced to 84 months in federal prison for possessing methamphetamine with intent to distribute.

              According to court records, investigators received information that Sheehan was traveling out of state to obtain illicit drugs for distribution in the Upper Peninsula, including methamphetamine, MDMA, and cocaine. In June 2023, Sheehan was pulled over in Iron County for a traffic infraction. During the traffic stop, officers found nearly a pound of methamphetamine, a smaller quantity of cocaine, and more than $6,000 in cash. A subsequent search of Sheehan’s residence recovered additional drugs and over $37,000.

              The Michigan State Police, Upper Peninsula Substance Enforcement Team (UPSET), Drug Enforcement Administration, Department of Homeland Security Investigations, Iron River Police Department, and Iron County Sheriff’s Office investigated this case.

    # # #

    MIL Security OSI –

  • MIL-OSI Global: Why including people with disabilities in the workforce and higher education benefits everyone

    Source: The Conversation – USA – By Lauren Shallish, Associate Professor of Disability Studies in Education, Rutgers University – Newark

    The employment rate for people with disabilities is about half that of nondisabled people. Johner Images via Getty Images

    Whether it’s declaring that blindness prevents government employees from doing their jobs or suggesting that hiring workers with intellectual disabilities contributed to Federal Aviation Administration safety lapses, the Trump administration has repeatedly questioned whether people with disabilities belong in the workplace.

    This stance reflects widespread stigma and misconceptions about what people with disabilities can and do accomplish.

    Negative stereotypes and exclusionary practices persist despite the fact that people with disabilities are the largest minority group in the United States, representing nearly 30% of the population. Whether or not you identify as disabled, most people live or work in close proximity to others with a disability.

    For years I have researched how people with disabilities have been kept out of efforts to guarantee equal access for everybody, particularly in higher education. This exclusion is often due to unfounded beliefs about capacity, intellect and merit, and the false premise that disability inclusion requires lowering standards.

    However, studies demonstrate that including people with disabilities is good for everyone, not just disabled people. Schools and workplaces are more collaborative and responsive when people with disabilities are included at all levels of the organization. In other words, disability inclusion isn’t about charity; it’s about making organizations work better.

    The Americans with Disabilities Act, enacted in 1990, provides legal protections for people with disabilities in the workplace.
    kyotokushige/DigitalVision via Getty Images

    Rolling back protections

    President Donald Trump issued executive orders the day he took office for a second time that aimed at ending government and private-sector efforts to make U.S. workplaces and schools more diverse, equitable and inclusive. In addition to affecting LGBTQ+ communities and people of color, these measures could erode years of progress toward protecting the rights of people with disabilities to earn a living.

    Between 40 million and 80 million Americans identify as disabled. Even the higher end of this range underestimates the actual number of people with disabilities, because some individuals choose not to identify that way or even realize they qualify as such. That includes people with impairments from chemical and pesticide exposure, as well as many older people and those who are living with HIV and AIDS, to name some examples.

    Only 15% of people with disabilities are born with their impairment, so most individuals become disabled over their lifetime.

    Tracing historical precedents

    Blaming failures on people with disabilities and people of color echoes the harms embedded in eugenics, an attempt to scientifically prove genetic inferiority of disabled, LGBTQ+ Indigenous and Black people.

    Eugenics led to the institutionalization and forced sterilization of, and the coercive experimentation on, people with disabilities, immigrants and people of color across the U.S. Even the Supreme Court endorsed the concept in the early 20th century.

    These studies began to fade after World War II, but their legacy persists. Even today, forced sterilization continues to be lawful in U.S jurisdictions in 31 states and in Washington.

    Due to widespread activism and the advent of new legal protections, many states finally dismantled their eugenic policies in the late 1970s. But eugenics-era experiments provided foundations for contemporary medical research, standardized testing and segregated school placements.

    People with disabilities have far-reaching legal guarantees of civil rights and access today due to the Americans with Disabilities Act. The statute, which was enacted in 1990 and strengthened in 2008, provided protections in the workplace, educational settings, transportation and places of recreation and commerce, among others. It also guarded against negative perceptions of disability.

    For example, if an employer perceived someone as disabled and denied them consideration in the hiring process because of that, the candidate would be protected from discrimination under the ADA – whether or not they had a disability.

    While these advances are significant, many people with disabilities still do not have access to their basic civil rights. This is particularly true of Black people with disabilities, as they are disproportionately pushed out of school, disciplined more harshly, targeted for incarceration and marginalized in disability representation and research.

    Accommodations for people with disabilities enable them to contribute unique talents to classrooms and workplaces.
    Halfpoint Images via Getty Images

    Gaining workplace accommodations

    Critics of inclusion efforts sometimes wrongly argue that employing people with disabilities is too costly due to the accommodations they may require. But the Job Accommodation Network in the Department of Labor’s Office of Disability Employment Policy found in 2023 that nearly 60% of these accommodations cost nothing.

    What’s more, many tax incentives are available to cover these costs.

    Disability civil rights law does not mandate hiring people who are not qualified or lowering standards to include the disabled. The law requires that candidates meet the “essential functions” of the job in order to be hired.

    According to a 2024 Labor Department report, the employment rate for working-age people with disabilities was 38% compared with 75% for nondisabled people. Though there are countless reasons for this disparity, many people with disabilities can and want to work, but employers don’t give them the opportunity.

    Providing benefits for everyone

    Many accommodations designed for people with disabilities also benefit others.

    Captioning on videos and movies was originally meant to benefit the deaf community, but it also helps multilingual speakers and people who simply are trying to follow the dialogue. Similarly, visual or written instructions assist people with depression, Down syndrome or attention-deficit/hyperactivity disorder, but they can also make tasks more accessible for everyone, along with breaking assignments into smaller components.

    Sensory break rooms benefit people with autism and post-traumatic stress disorder, while also providing a reprieve in a noisy work environment and minimizing distractions. Remote work options can make it easier for people with chronic illnesses to be employed, and they similarly benefit others who may have caregiving responsibilities – helping attract and retain talented employees. Text-to-speech software provides people with cerebral palsy and nonspeaking individuals with options for communication, similar to options that many people already use on their phones.

    A large body of research demonstrates the broad benefits of making jobs and schools more accessible to people with disabilities, which is ultimately an advantage for everyone.

    Studies on diversity in educational and workplace settings also demonstrate positive outcomes. In a study of 10 public universities, researchers found that students who reported positive, informal interactions with diverse peers had higher scores on measures of more complex thinking, a concern for the public good and an interest in poverty issues, and were more likely to vote and develop strong leadership skills.

    In a national survey of human resources managers conducted in 2019, 92% of the respondents who were aware that one or more of their employees had a disability said those individuals performed the same or better than their peers who did not.

    Research published by the Harvard Business Review found many advantages to hiring people with disabilities.

    For one thing, people with disabilities can have unique insights that contribute to the workplace culture. The presence of employees with disabilities can make the environment of entire companies and organizations more collaborative. Earning a reputation for inclusiveness and social responsibility can improve customer relations and can give businesses an edge when they seek funding and recruit talented new employees.

    Ultimately, I believe it’s important to create conditions where anyone can thrive, including people with disabilities. Doing so benefits everyone.

    Lauren Shallish does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Why including people with disabilities in the workforce and higher education benefits everyone – https://theconversation.com/why-including-people-with-disabilities-in-the-workforce-and-higher-education-benefits-everyone-249676

    MIL OSI – Global Reports –

  • MIL-OSI Global: 3 ways Trump is acting like a king and bypassing the Constitution’s checks and balances on presidential authority

    Source: The Conversation – USA – By David Lopez, University Professor of Law, Rutgers University – Newark

    Donald Trump’s efforts to expand presidential power defy the Constitutional separation of powers. zimmytws/iStock via Getty Images

    I learned basic civics in my public school. But mostly, because it was more interesting, I also learned civics after school watching the animated series “Schoolhouse Rock,” often with my abuela – my grandmother – who took care of me.

    Back then, “Schoolhouse Rock” had a wonderful episode, “Three Ring Government.” In singing narration, the characters explained “about the government, and how it’s arranged, divided in three, like a three-ring circus.”

    Those three circles, all the same size, kept each other honest. For many in my generation, those three rings were our introduction to the idea of the checks and balances built into the U.S. government. They include the separation of powers among the legislative, judicial and executive branches.

    In short, we learned, Congress passes the laws, the president administers the laws, and the courts interpret the laws.

    This elegant but simple system stood in contrast to the nearly unshackled power of the British king, who ruled over the American colonies before independence. And it provided representation for “We the People,” because we vote for members of Congress.

    During its first month, the second Trump administration has pushed a new balance of these powers, granting the president expansive and far-reaching authority. These actions imperil the power of elected lawmakers in the House and Senate to pass legislation, oversee the federal government and exercise spending authority.

    Most U.S. legal scholars regarded these issues as fairly settled. Trump’s recent actions, however, have unsettled this understanding.

    Here are three examples of how the balance of power is being upset by Trump and his administration:

    The explanation of the separation of powers in the U.S. government in “Schoolhouse Rock.”

    Independent agencies

    On Jan. 28, 2025, President Donald Trump fired Gwynne Wilcox, a Democratic member of the National Labor Relations Board, three years before the end of her five-year term.

    The National Labor Relations Board, or NLRB, established in New Deal legislation in 1935, was designed to ensure industrial peace by protecting the rights of workers to organize and bargain collectively. Congress created the board as a bipartisan body to resolve allegations of unfair labor practices brought by workers or management.

    By design, the board operated independently from Cabinet-level departments. Congress sought to preserve this independence by ensuring that board members serve a fixed term and could be removed only for “neglect of duty or malfeasance in office, but for no other cause.”

    This independent structure – shared by other agencies such as the Securities Exchange Commission, the Federal Trade Commission and the Equal Employment Opportunity Commission – aims to provide regulatory consistency, slightly removed from the political passions of the day.

    Some legal scholars have been percolating an argument that the Constitution requires the Supreme Court to limit those agencies’ Congressionally endowed independence in favor of more expansive presidential authority, even though the court decided this issue unanimously in 1935.

    Wilcox is suing the administration for its apparent violation of Congress’ statutory language by firing her.

    “Ms. Wilcox is the first Black woman to serve on the Board, the first Black woman to serve as its Chair, and – if the President’s action is allowed to stand – will also be the first member to be removed from office since the Board’s inception in 1935,” the lawsuit states.

    If this case makes it to the Supreme Court, and the court takes the unusual step of reversing itself, its ruling would imperil the independent structure, not just of this agency but of other agencies too.

    Asylum laws

    Congress created a comprehensive system of laws for processing the asylum claims of people who say they are fleeing persecution or torture to seek protection in the U.S.

    These laws allow applicants to show likelihood of harm if they could not stay in the U.S. They were originally adopted in response to humanitarian crises, including when Jews fleeing Nazi Germany were turned away by the U.S., among other countries.

    As part of Trump’s declaration, on his first day in back in office, that immigration is both a “national immigration emergency” and an “invasion” under Article IV, Section 4 of the Constitution, the president essentially shut down the asylum process at U.S. ports of entry. His proclamation canceled the appointments of those who had waited to pursue their claim under existing asylum procedures.

    In doing so, Trump ignored critical portions of laws passed by Congress. This move places asylum seekers already in the U.S. in danger of being deported to the countries where they say they face life-threatening persecution or torture.

    Congressional spending authority

    Protesters near the White House oppose President Donald Trump’s freeze on federal grants and loans on Jan. 28, 2025.
    Anna Moneymaker/Getty Images

    Under the Constitution, Congress has the power to set spending amounts and priorities for the federal government. By law, the executive branch cannot spend what has not been appropriated – meaning approved by Congress – nor can it stop that spending.

    Shortly following the inauguration, however, Trump’s Office of Management and Budget ordered a pause of federal grants and loans to organizations and programs ranging from Head Start to farm subsidies.

    Almost immediately, several states, concerned about the loss of essential federal services, filed a lawsuit to halt the freeze. A federal court in Rhode Island sided with the plaintiffs and temporarily stayed the freeze.

    The judge rejected the Trump administration’s argument that it must “align Federal spending and action with the will of the American people as expressed through Presidential priorities,” calling it “constitutionally flawed.” And he concluded that the president could not act unilaterally under the Constitution.

    “Congress has not given the Executive limitless power to broadly and indefinitely pause all funds that it has expressly directed to specific recipients and purposes,” wrote the judge, John J. McConnell, Jr. “The Executive’s actions violate the separation of powers.”

    “Schoolhouse Rock” taught that one ring must respect the other coequal rings. What has happened under Trump is one ring expanding in size to swallow up much of another ring – that of Congress.

    ‘Kinglike’ powers?

    Several of the Trump administration’s recent actions appear designed to test the legal viability of an expansive, more “kinglike” view of presidential powers.

    Yet for the most part, Congress as an institution has mostly remained silent as the executive branch invades its sphere of authority.

    Instead, the courts have served as a check on his power by stalling, temporarily, more than a dozen of Trump’s presidential actions that surpass the executive powers permitted under various laws and the Constitution.

    Most of these stays are only temporary. They were issued based on the recognition that the immediate harm of unlawful presidential overreach would be difficult to roll back.

    In the end, the Supreme Court will likely decide the scope of presidential powers in the various contexts. If they rule in Trump’s favor, the U.S. government will become a one-ring circus run by a kinglike president – precisely what it was never meant to be.

    Gwynne Wilcox is a Rutgers Law grad and has spoken to our class.

    – ref. 3 ways Trump is acting like a king and bypassing the Constitution’s checks and balances on presidential authority – https://theconversation.com/3-ways-trump-is-acting-like-a-king-and-bypassing-the-constitutions-checks-and-balances-on-presidential-authority-249347

    MIL OSI – Global Reports –

  • MIL-OSI Global: The murder rate in Venezuela has fallen − but both Trump and Maduro are wrong about why

    Source: The Conversation – USA – By Rebecca Hanson, Assistant Professor of Latin American Studies, Sociology and Criminology, University of Florida

    Members of government-backed militias take part in a march in Caracas, Venezuela, on Jan. 7, 2025. AP Photo/Matias Delacroix

    The body of former Venezuelan army officer Ronald Ojeda was found on Feb. 19, 2024, in a suitcase buried under 5 feet of concrete. Ojeda, accused by Venezuela of plotting against the government, had gone missing nine days earlier, when men dressed as police broke into his apartment in the Chilean capital of Santiago and dragged him away.

    Following a yearlong investigation, authorities in Chile have now pointed the finger at the Venezuelan gang Tren de Aragua, claiming members carried out the assassination at the behest of that country’s president, Nicolás Maduro.

    It comes as the relationship between Maduro’s government and criminal gangs is under increased scrutiny, both among regional governments in Latin America and in the United States.

    Conservative media outlets in the U.S. and right-leaning groups such as the Heritage Foundation have accused Maduro of sending gang members into the U.S. to destabilize the country.

    President Donald Trump has even suggested that Maduro successfully reduced crime by exporting gang members to the U.S. “Crime is down in Venezuela by 67% because they’re taking their gangs and their criminals and depositing them very nicely into the United States,” he told supporters in April 2024.

    According to data from the Venezuelan Ministry of Health, shared with me by scholar of Venezuelan politics Dorothy Kronick, homicide rates have indeed come down in recent years. And this trend is confirmed by the Venezuelan Observatory of Violence.

    The fall in homicide rates has coincided with Maduro successfully consolidating his authoritarian rule in Venezuela. And explanations of the drop in crime tend to imply that it is the result of the government co-opting and controlling gangs. Some observers have even referred to Venezuela as a “narcostate,” suggesting that drug trafficking in the country is an organized venture between top officials and criminal groups.

    I have studied crime, violence and policing in Venezuela since 2011 and know that this narrative is at best oversimplistic, at worst outright mistruth. As I explore in my new book, “Policing the Revolution: The Transformation of Coercive Power and Venezuela’s Security Landscape During Chavismo,” the case of Venezuela is not one of government control over criminal groups. Rather, it is characterized by an unstable and volatile relationship between the government and multiple competing armed actors, including gangs and the police.

    Violent, but becoming less so

    Falling homicide rates should not mask the fact that Venezuela is still plagued by violence. Since the mid-2000s it has been ranked as one of the most violent countries in the world.

    Former President Hugo Chávez was never able to get a handle on crime, particularly violent crime, which increased exponentially under his government. The trend continued during Maduro’s first years in office after Chávez’s death in 2013.

    However, all available evidence suggests that Venezuela’s homicide rate has declined since reaching a peak in 2016 – by around 42%.

    But there’s no evidence this is because the government is “offshoring” criminals.

    Maduro’s own explanation for this decline portrays the government as handily controlling criminals by means of incredibly lethal police raids carried out between 2015 and 2019. In short, Maduro claims that the police have effectively “wiped out” criminal groups.

    Competing police forces …

    But rather than “wiping out” criminal organizations, the Maduro government has instead maintained volatile relationships with many armed groups, including gangs, nonstate paramilitary groups and even the country’s own police forces.

    These relationships have produced significant conflict and dysfunction within state institutions. This is clear when looking at institutions presumed to be synonymous with state control, such as the police.

    Chávez’s and Maduro’s governments put more police and soldiers in the streets. They created security institutions, such as the Policía Nacional Bolivariana, or Bolivarian National Police.

    However, rapid growth of the security apparatus, amid competing approaches, has generated more conflict than coordination.

    Police officers and police reformers I interviewed referred to state security policies and the changes they produced as akin to Frankenstein’s monster – an aberration rapidly outpacing the creator’s ability to control it.

    What they mean is the government had created new security institutions so quickly that it is unable to supervise and control them. As one former police officer and Chavista politician told me: “Our challenge now is how to manage the monster we created.”

    Members of the National Guard take part in an anti-gang security operation in Caracas on July 13, 2015.
    Federico Parra/AFP via Getty Images

    State policies have also generated significant distrust between the police and the government, and among different police forces.

    This distrust has even resulted in police forces coming to blows with each other in the streets on multiple occasions. On Feb. 19, 2020, a section of the Prados del Este highway in Caracas was shut down as officers from Venezuela’s National Police and the country’s investigative police brandished weapons, shoving, punching and wrestling each other to the ground.

    … cooperating gangs

    It is, as such, highly unlikely that falling homicide rates are the result of policing. Indeed, I interviewed over 200 police officers while conducting research for my book, and most believed that the government’s policing initiatives contributed to crime and violence rather than reducing it.

    A more plausible explanation for falling homicide figures is that Maduro’s policies have resulted in more consolidated relationships between criminal groups themselves.

    Maduro’s government has built relationships with gangs, but this doesn’t necessarily imply control over them. Since 2013 the government has negotiated pacts with some of the country’s largest gangs, including a gang confederation led by the infamous El Koki in Caracas and the Belén gang in the state of Miranda.

    The government agreed to tolerate illicit activities within certain areas and prohibit police from entering gang territory. In exchange, gangs agreed to reduce killings and other highly visible crimes such as kidnapping. As my book and previous research with Verónica Zubillaga, Francisco Sánchez and Leonard Gómez shows, these pacts allowed gangs to consolidate control over territory and illicit markets.

    Gangs also negotiated agreements among themselves in case the government pacts fell through. For example, they agreed to divide territory and markets to avoid future conflict and share resources such as weapons and ammunition. This produced less conflict between gangs and less disruption in illicit markets, resulting in fewer homicides.

    When pacts have ruptured in the past, the spectacularly violent confrontations that ensued between gangs and the police have shown gangs’ capacity to resist government intervention. Still, the overall effect of pacts and gang consolidation has been a reduction in homicides.

    As one neighbor living in gang territory put it: “Before, gangs confronted each other; they killed each other. Now they don’t. Now they are growing.”

    ‘Mother of all infuriations’

    Relationships between the government and various nonstate armed groups, including gangs, have generated enormous discontent within police forces.

    As one police officer explained in an interview, these pacts represented the “mother of all infuriations.” For many officers, the goverment’s pacts with other armed groups is tantamount to its sponsorship of criminal activities.

    And this discontent has produced sporadic violent confrontations. Even when government-gang pacts are in place, the government has been unable to keep police forces from entering gang territory and engaging in deadly shootouts.

    Certainly from the outside, it may look like Maduro’s government has co-opted gangs for political purposes. And with the U.S. government adding Tren de Aragua to its list of global terrorist groups, that could put Venezuela in danger of being labeled a “state sponsor of terrorism.”

    However, the Ojeda case in Chile should not be taken as evidence that stable and strong ties exist between Maduro’s government and criminal groups – at least not yet.

    Instead, authoritarian survival in Venezuela for now seems to depend on volatile relationships between multiple and competing armed groups that collaborate temporarily with the government when their diverse interests overlap.

    Rebecca Hanson does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. The murder rate in Venezuela has fallen − but both Trump and Maduro are wrong about why – https://theconversation.com/the-murder-rate-in-venezuela-has-fallen-but-both-trump-and-maduro-are-wrong-about-why-249230

    MIL OSI – Global Reports –

  • MIL-OSI Global: How Elon Musk’s deep ties to – and admiration for – China could complicate Trump’s Beijing policy

    Source: The Conversation – USA – By Linggong Kong, Ph.D. Student, Auburn University

    Elon Musk holds an outsized influence in the new Trump administration.

    As head of his Department of Government Efficiency, or DOGE, the world’s wealthiest man has enjoyed nearly unfettered political power in slashing and refashioning the federal government as he sees fit. And it has quickly become clear that he has the president’s ear on issues beyond that brief.

    But on one topic, Musk stands somewhat apart from others in the coterie of aides and advisers around Trump: China. In contrast to the many hawks in the new Trump cabinet who call for a hard-line approach on China, Musk is a striking outlier.

    As an expert on China-U.S. relations who has monitored Musk’s views on China, I don’t find his long history of espousing pro-Chinese sentiment surprising, given that he has sought throughout to get a business hold in the country.

    But those entanglements are worth scrutiny, given Musk’s role in the Trump administration at a time when one of America’s biggest foreign policy challenges is how to manage its relationship with Beijing.

    Musk’s journey to the East

    For years, Musk has had significant business interests in China, with Tesla’s Shanghai factory, Tesla Giga Shanghai, playing a crucial role in the company’s global operations.

    Since its opening in 2019, the Shanghai plant has surpassed Tesla’s Fremont, California, facility in both size and productivity, now accounting for more than half of the company’s global deliveries and a majority of its profits. Moreover, nearly 40% of Tesla’s battery supply chain relies on Chinese companies, and these partnerships continue to expand.

    Elon Musk walks with Shanghai Mayor Ying Yong during the groundbreaking ceremony for a Tesla factory in Shanghai on Jan. 7, 2019.
    STR/AFP via Getty Images

    Notably, Tesla was the first foreign automaker permitted to establish operations in China without a local partner, following a change in ownership regulations. The Shanghai factory was constructed with the support of US$1.4 billion in loans from Chinese state-owned banks, granted at favorable interest rates.

    Between 2019 and 2023, the Shanghai government also provided Tesla with a reduced corporate tax rate of 15% – 10 percentage points lower than the standard rate.

    The cost advantages of manufacturing in Shanghai, which include lower production and labor expenses, have further cemented Tesla’s reliance on the Chinese market.

    Given that Musk’s wealth is largely tied to Tesla stock, his financial standing is increasingly dependent on the company’s fortunes in China, making any potential disengagement from the country both economically and strategically challenging.

    Tesla’s continued investment in China underscores this dependency. On Feb. 11, 2025, the company opened its second factory in Shanghai — a $200 million plant that is set to produce 10,000 megapack batteries annually. It’s the company’s first megapack battery factory outside the U.S..

    This investment deepens Tesla’s presence in China amid a new wave of U.S.-China trade tensions. On Feb. 1, the Trump administration imposed a 10% tariff on Chinese imports, prompting Beijing’s retaliation with tariffs on American coal, liquefied natural gas, agricultural equipment and crude oil.

    A Chinese fan

    It remains unclear to what extent Musk’s financial interests in China will translate to real influence over the Trump administration’s policy toward Beijing. But Musk’s long history of pro-China remarks suggests the direction he wants the administration to move.

    During his visit to Beijing in April 2024, Musk praised the country, noting also: “I also have a lot of fans in China – well, the feeling is mutual.”

    His admiration appears to hinge in part on how he views business and labor practices in China. In that vein, Musk has criticized American workers as lazy and has faced U.S. labor law disputes, while simultaneously praising Chinese workers for “burning the 3 a.m. oil” under an intensely repressive labor system.

    In numerous posts on the social media platform X, formerly Twitter, which he owns, Musk has also praised China’s infrastructure and high-speed rail system, lauded its space program, applauded its leadership in global green energy initiatives and urged his followers to visit the country.

    Musk has also opposed U.S. efforts to decouple from China, describing the countries’ economies as “conjoined twins,” despite a sizable part of the foreign policy establishment in the West viewing decreased dependency on China as necessary for security interests amid rising geopolitical tensions.

    On the issue of Taiwan, the most dangerous flashpoint in U.S.-China relations, Musk has compared Taiwan to Hawaii, arguing that it is an integral part of China and noting that the U.S. Pacific Fleet has prevented mainland China from achieving reunification by force.

    Musk further suggested that the Taiwan dispute could be resolved by allowing China to establish Taiwan as a special administrative zone, similar to Hong Kong.

    His remarks were shared and welcomed by China’s then-ambassador to the U.S., who, in a post on X, emphasized China’s so-called peaceful unification strategy and advocated for the “one country, two systems” model.

    Trump’s back-channel envoy?

    The big question going forward is how Musk’s financial stakes in, and stated admiration for, China will translate into attempts to influence the U.S. administration’s China policy, particularly given Musk’s unconventional advisory role and the strong faction of anti-China hawks in Trumpworld.

    Given Musk’s approach to China, it’s hard to see him not trying to use his influence with the president to push for somewhat warmer relations with Beijing.

    If such counsel were heeded, it’s easy to envision Musk leveraging his deep ties to China, particularly his close personal relationship with China’s current second-ranking official, Premier Li Qiang, who was the Shanghai party chief when Tesla’s factory was built. In the scenario, Donald Trump could tap Musk as a back channel for diplomacy to ease U.S.-China tensions and facilitate bilateral cooperation when needed.

    To this point, it was, perhaps, telling that it was Musk who met with China President Xi Jinping’s envoy to Trump’s inauguration, Vice President Han Zheng, on the eve of the event.

    But it’s far from certain that Trump wants that diplomatic role for Musk, or that other voices won’t win out with regard to Beijing. In his first term, Trump launched an unprecedented trade war and tech blockade against China, fundamentally reshaping U.S.-China relations and pushing the U.S. toward something of a bipartisan consensus to counter Beijing that has existed for several years.

    Trump’s tariff moves and second-term picks for top trade and commerce roles, like Peter Navarro and Jamieson Greer — who played key roles in the trade war against China during the president’s first term — suggest that Trump’s commitment to further decoupling from China remains strong.

    Furthermore, Musk’s business interests and personal wealth tied to China could leave him vulnerable to Chinese influence. By leaning on Musk’s close ties with Trump, China could use his dependence on the Chinese market as a bargaining chip to pressure Trump into making concessions on issues of major strategic importance to Beijing.

    China has a history of coercing foreign companies reliant on its market into making compromises on matters concerning its national interests. For instance, Apple removed virtual private network apps from its app store in China at the government’s request. Similarly, Tesla could face comparable pressure in the future if Beijing wants to use Musk as a cudgel to influence policy in the Trump administration. Notably, as the head of DOGE, with access to sensitive data from multiple agencies, Musk could find himself caught between U.S. security scrutiny and China’s strategic targeting.

    So long as Musk retains the influence with Trump that he holds now, it’s conceivable that his pro-China sentiments will translate into attempts to influence government policy. Yet even if this is to be the case, whether those efforts succeed will depend on the president and his other advisers, many of whom are seeking an aggressive front against Beijing and are likely to view Musk as an impediment rather than ally in that fight to come.

    Linggong Kong does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. How Elon Musk’s deep ties to – and admiration for – China could complicate Trump’s Beijing policy – https://theconversation.com/how-elon-musks-deep-ties-to-and-admiration-for-china-could-complicate-trumps-beijing-policy-249988

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: City of Wolverhampton Council leading in development of new ways of working in children’s social care

    Source: City of Wolverhampton

    Wolverhampton, one of 3 local authorities chosen to take part in the first phase of the Pathfinder, has worked to deliver support to families based on 3 principles:

    • Delivering family help through local multi disciplinary teams working with partners to provide welcoming and effective support, tailored to the needs of children and families
    • Where child protection is necessary, it is carried out by social workers with greater expertise and experience, and time to dedicate to the family and child
    • Greater use of family networks involving the wider family in decision making and with them being the first port of call if a child has to leave the family home. There is enhanced engagement with extended family members and friends to build long term resilience, with a genuine focus on family led planning

    Other key objectives of the work being undertaken include ensuring that families are helped at the earliest opportunity so that they can remain together safely so that an escalation of need is prevented and reducing the need for statutory child protection involvement. Where this cannot happen, there will be increased kinship care arrangements to keep children with close family or friends.

    Where a child protection response is required, family will be supported by an independent advocate, leading to a better understanding of what is happening. The lead worker remains involved with a family throughout their journey, so that there is consistency for families and an emphasis on building trusted relationships.

    Seven more councils joined the Pathfinder in the second phase last year, and funding for the programme has now been extended for a further 12 months.

    Councillor Jacqui Coogan, Cabinet Member for Children, Young People and Education, said: “One of our top priorities as a council is to ensure our children and young people get the best possible start in life and so we are very pleased to be a part of this important piece of work.

    “The FFCP programme aims to help children and families facing challenges by giving them the right help at the right time, by ensuring early support, family help and intervention is available to help them overcome adversity and stay together where possible.

    “We are sharing our learning through regular meetings with the Department for Education and policy leads from cross government departments, as well as presenting at national public learning events and conferences.

    “The Government’s new Children Wellbeing and Schools Bill, which began its journey through Parliament in December, shows a clear commitment to rolling out social care reform nationally, and findings from the Pathfinder will be used to help shape these reforms.

    “This means that, thanks to our involvement with the Pathfinder, we – and the children and families we support – will be able to directly influence the national rollout of reforms to children’s social care.”

    Last Autumn, Minister for Children and Families, Janet Daby, visited Graiseley Family Hub, one of 9 family hubs across the city, to meet staff, children and families and see first hand how the council had successful embedded the Pathfinder.

    Alison Hinds, the council’s Director of Children’s Services, said: “The visit was a fantastic opportunity to showcase the collaboration between ourselves and the wider partnership, as well as demonstrating how well we’ve managed to achieve frontline support for families.

    “Families tell their story once – we work restoratively with families to discuss what support they need and work with them to create a family plan – families own their plan. Family help support is integrated in our Family Hubs across the city, providing a holistic offer of support in a non stigmatising environment which helps to build solid relationships.”

    The positive impact of the Pathfinder was also highlighted by inspectors from Ofsted who carried out a week long focused inspection of Children’s Social Care Services in October. They found that managers are supported by clear systems and processes, collaborating with practitioners to ensure that informed and timely decisions are made for children and families, with interventions appropriately escalated and de-escalated in a timely way.

    Inspectors also reported ‘strong relationships across the council and with safeguarding partners’ and a collaborative and co-ordinated approach to working with children and families’ which ensure that most children access ‘the right services at the right time’.

    We will continue to monitor the impact of the reforms locally, with a clear focus on getting direct feedback from families.

    MIL OSI United Kingdom –

  • MIL-OSI Canada: Statement by the Prime Minister marking three years since Russia’s full-scale invasion of Ukraine

    Source: Government of Canada – Prime Minister

    The Prime Minister, Justin Trudeau, today issued the following statement marking three years since Russia’s full-scale invasion of Ukraine:

    “On February 24, 2022, Russia launched an illegal, full-scale invasion of Ukraine, unleashing a campaign of unimaginable brutality that has left hundreds of thousands dead. The invasion was an escalation of a war of aggression, an unequivocal violation of Ukraine’s sovereignty and territorial integrity, and an attack against freedom, democracy, and international law, including the United Nations Charter.

    “When Putin ordered his tanks across the Ukrainian border, he thought Kyiv would quickly fall and the people of Ukraine would surrender. He was wrong. Three years later, Ukraine stands defiant. Ukrainians are valiantly protecting their territory against relentless Russian attacks. Russian aggression has been met with fierce defence and, winter after winter, the Ukrainian flag flies over Kyiv.

    “Ukrainians are continuing to live their lives – united in hope, courage, pride, and an unbreakable love for their country. They are fighting for their families, their land, their heritage, and their identity. They are fighting to ensure that Putin not be rewarded for his unprovoked and unjustifiable aggression. They are fighting to remind the world that democracy and freedom are important enough to die for – and that Ukrainians are strong enough to win.

    “That is what is at stake, and that is why Canada stands resolute with Ukraine. Our support includes billions of dollars for equipment and capabilities like multi-mission drones, armoured combat vehicles, small arms, ammunition, F-16 pilot training, and a National Advanced Surface-to-Air Missile System. Under Operation UNIFIER, the Canadian Armed Forces has trained over 44,000 Ukrainian troops since 2015. We have imposed sanctions on the Russian regime as well as its war chest and oligarchs. As part of the 2024 Fall Economic Statement, we proposed legislative changes to ensure profits from frozen Russian assets in Canada are used to rebuild Ukraine. As part of the International Coalition for the Return of Ukrainian Children, co-led by Canada and Ukraine, we are working with our international partners to ensure the safe return of Ukrainian children unlawfully deported and illegally transferred by Russia. As G7 President this year, Canada will continue to stand with Ukraine and support a just and lasting peace for its people.

    “The friendship between Canada and Ukraine runs deep. Ukrainian immigrants arrived on our shores in 1891 and, generation after generation, the community has helped build the Canada we know and love. Today, we are proudly home to 1.3 million people of Ukrainian descent, and over the past three years, Canadians from all walks of life have stood side-by-side with the community – by waving flags and wearing pins; by donating to charities and helping with Ukrainian resettlement efforts; by learning more about Ukraine’s fight for sovereignty and, when President Zelenskyy visited Canada in 2023, proudly singing the Ukrainian national anthem right alongside him. To our friends in Ukraine: We stand with you, and our support for your sovereignty is ironclad.

    “On this solemn day, we remind ourselves that Ukraine is fighting for freedom, justice, and democracy – values that Canada will always defend. We support a future for Ukraine that’s written by Ukrainians. A future where Ukraine stands strong and free.

    “Slava Ukraini!”

    MIL OSI Canada News –

  • MIL-OSI: Gabelli Dividend & Income Trust Trustees Have Approved Spin-Off of Gabelli Preferred Securities Trust Focusing on Preferred Securities

    Source: GlobeNewswire (MIL-OSI)

    RYE, N.Y., Feb. 24, 2025 (GLOBE NEWSWIRE) — The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE: GDV) (the “Fund” or “GDV”) has approved the spin off a newly created closed-end fund (Gabelli Preferred Securities Trust or “GPS”) whose investment objective will be to seek income and capital appreciation by investing in preferred securities. As investor preferences change and vary across portions of the capital structure, the Fund, which has focused on common equity, is considering additional allocation to preferred securities.

    The Fund would contribute approximately $150 million of its cash and/or securities to GPS and would then distribute all of the shares of GPS pro rata to the common shareholders of GDV. GPS will seek to have its shares listed on the New York Stock Exchange. Following the spin off, GPS is expected to deploy leverage, the amount of which is to be determined.

    It is expected that GDV’s distribution policy will remain unchanged. The Board of Trustees of GPS will determine the distribution rate of the new closed-end fund at the time of the spin-off.

    The transaction is expected to be voted upon at a meeting of shareholders of the Fund following requisite regulatory approvals. There are no assurances that such shareholder and regulatory approvals will be received.

    The Board of Trustees of the Fund will determine the amount of cash and/or securities to be contributed, the number of shares to be distributed, and the record and distribution dates, which will be announced at a later time.

    For more information regarding this press release, call:

    Investor Relations Team
    Carter Austin, Laurissa Martire, David Schachter, and Bethany Uhlein
    (914) 921-5070

    This press release is not intended to, and does not constitute an offer to purchase or sell any securities; nor is this press release intended to solicit a proxy from any shareholder. The solicitation of proxies in connection with the special meeting of shareholders to effect the transaction will only be made by a final, effective Registration Statement on Form N-14, which includes a definitive Proxy Statement/Prospectus, after the Registration Statement is declared effective by the Securities and Exchange Commission (the “SEC”). This Registration Statement has yet to be filed with the SEC. After the Registration Statement is filed with the SEC, it may be amended or withdrawn and the Proxy Statement/Prospectus will not be distributed to shareholders unless and until the Registration Statement is declared effective by the SEC.

    The Fund and its trustees, officers and employees and the Fund’s investment adviser and its officers and employees and other persons may be deemed to be participants in the solicitation of proxies in connection with the special meeting of shareholders. Investors and shareholders may obtain more detailed information regarding the direct and indirect interests of the Fund’s trustees, officers and employees and other persons by reading the Proxy Statement/Prospectus relating to the special meeting of shareholders when it is filed with the SEC.

    Investors and security holders of the Fund are urged to read the Proxy Statement/Prospectus and other documents filed with the SEC carefully and in their entirety when they become available because these documents will contain important information about the transaction. Investors should consider the investment objective, risks, charges and expenses of the Fund carefully. The Proxy Statement/Prospectus will contain information with respect to the investment objective, risks, charges and expenses of the Fund and other important information about the Fund.

    Security holders may obtain free copies of the Registration Statement and Proxy Statement/Prospectus and other documents (when they become available) filed with the SEC at the SEC’s web site at www.sec.gov. In addition, free copies of the Proxy Statement/Prospectus and other documents filed with the SEC may also be obtained after the Registration Statement becomes effective by calling the Fund at (914) 921-5070.

    THE GABELLI DIVIDEND & INCOME TRUST
    Investor Relations Team:
    Carter Austin
    Laurissa Martire
    David Schachter
    Bethany Uhlein

    (914) 921-5070
    ClosedEnd@gabelli.com

    The Fund also files annual and semi-annual reports and other information with the SEC. You may request a free copy of our annual and semiannual reports or request other information about us and make shareholder inquiries by calling (914) 921-5070. You may also obtain copies of the Fund’s annual and semi-annual reports (and other information regarding the Fund) from the SEC’s website (http://www.sec.gov).

    About The Gabelli Dividend & Income Trust

    The Gabelli Dividend & Income Trust is a diversified, closed-end management investment company with $3.0 billion in total net assets whose primary investment objective is to provide a high level of total return with an emphasis on dividends and income. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

    NYSE – GDV
    CUSIP – 36242H104

    The MIL Network –

  • MIL-OSI: Blockchain is Growing Fast, and Cloud Mining is a Popular Investment – ION Mining Expands Global Operations with High-Yield Contracts

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Feb. 24, 2025 (GLOBE NEWSWIRE) — ION Mining, a leading global cloud mining platform, is excited to announce its latest cloud mining plans for 2025, designed to offer investors and cryptocurrency enthusiasts higher returns, enhanced sustainability, and greater accessibility. With the rapid expansion of the cryptocurrency market, ION Mining continues to revolutionize Bitcoin and Ethereum mining with cutting-edge technology and environmentally friendly solutions.

    Introducing New High-Yield Mining Contracts

    To meet the growing demand for secure and profitable cloud mining, ION Mining has launched exclusive 2025 mining contracts, offering competitive returns and a seamless user experience:

    • Basic Cloud Computing Plan – Invest $300, earn $27.3 in 5 days
    • Classic Cloud Computing Plan – Invest $1,200, earn $388.8 in 15 days
    • Advanced Cloud Computing Plan – Invest $5,000, earn $1,155 in 10 days
    • Super Cloud Computing Plan – Invest $11,000, earn $8,118 in 30 days

    Each contract ensures a full return of the initial investment at the end of the term, allowing users to reinvest or withdraw their earnings with complete flexibility.

    Why Choose ION Mining?

    Founded in 2017 and headquartered in the UK, ION Mining is authorized and regulated by the UK Financial Services Authority (FCA), providing a secure and compliant platform for users worldwide. With over 100 global data centers across North America, Eastern Europe, the Middle East, and South America, ION Mining guarantees a stable and transparent mining environment.

    Key benefits of ION Mining include:

    • Instant Access & Zero-Cost Trial – New users receive a $15 bonus upon registration, allowing them to test the platform risk-free.
    • State-of-the-Art Technology – Utilizing industry-leading mining hardware such as Bitmain and NVIDIA for maximum efficiency.
    • Eco-Friendly Mining Operations – Powered by renewable energy sources, reducing environmental impact and operational costs.
    • No Hidden Fees – Transparent pricing structure with no unexpected maintenance or withdrawal charges.

    A Sustainable Future in Cryptocurrency Mining

    As part of its commitment to sustainability, ION Mining is expanding its use of green energy solutions, ensuring an eco-conscious approach to cryptocurrency mining. By leveraging solar and wind power, ION Mining reduces carbon footprints while maintaining profitability for its users.

    Join ION Mining and Start Earning Today!

    ION Mining provides a secure, efficient, and lucrative solution for individuals looking to generate passive income in the cryptocurrency space. Whether you’re a beginner or an experienced investor, ION Mining’s flexible plans cater to all financial goals. Don’t miss the opportunity to be part of the next evolution in cloud mining.

    For more information and to start mining today, visit: https://ionmining.com/

    Contact:
    Email: info@ionmining.com
    Website: https://ionmining.com/

    About ION Mining:
    ION Mining is a global leader in cloud mining solutions, offering secure, efficient, and sustainable cryptocurrency mining services. Established in 2017, ION Mining is fully regulated and continues to set industry standards in innovation and transparency.

    Disclaimer: This press release is provided by ION Mining. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered as financial, investment, or trading advice. Investing in cloud mining and related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1fec530c-720f-4cda-ad75-9ef83f4e7ebb

    https://www.globenewswire.com/NewsRoom/AttachmentNg/fb1d4172-f7c7-47cb-a4e2-d008a395d950

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f981166c-5cbc-4ddd-bf3d-17ce8638dc31

    The MIL Network –

  • MIL-OSI Global: Why religion is fundamental to addressing climate change

    Source: The Conversation – UK – By Hanane Benadi, Research Officer, Religion and Global Society, London School of Economics and Political Science

    “There is no time for imagination, religious or otherwise. We need to act now!” an irritated scientist told me during a workshop on climate change and religion in 2024. Contrary to the tone of his comment, this scientist was not dismissing religion as being marginal to tackling climate change, but his underlying assumption rang clear: religion, while undoubtedly a necessary part of the solution, is only useful if it works alongside rational science.

    Research by me and my colleagues suggests that framing religion and science as totally separate entities is unhelpful in advancing a global response to climate change.

    In 2022 and 2023, I spent four months conducting fieldwork in Egypt, living and interacting with Muslim and Christian communities in Cairo and Alexandria. As a salient reminder of the ongoing climate crisis, my research took place over the summer, when temperatures reached more than 45°C.

    These heatwaves were a part of everyday discussions, but I didn’t hear only scientific jargon used to refer to these phenomena. Often, religion was the language used to make sense of the heat.

    As an Anglican priest in Alexandria told me, members of his congregation understood these heatwaves as manifestations of climate change, but at the same time asked him: “What is God is trying to tell us? Is this a sign of his anger? What should we do?” In other words, while scientific knowledge was used to explain the extreme heat, religion gave it meaning.

    Building a global response to the climate crisis requires us to learn about the many ways people make sense of climate change and learn to live with its consequences. And for most of the world’s population, a purely scientific framing is unhelpful.

    Science v religion?

    The long-perceived tension between religion and science seems to be reappearing today as we confront climate change. The scientist’s reaction to my work is one example of this, which left me wondering: what role is religion playing in tackling climate change globally? And how often is it framed as a field outside of science?

    Unfortunately, the approach adopted on the global climate stage seems to perpetuate a hierarchy of knowledge that implies that science trumps social and cultural influences such as religion and ethics. It is telling that the UN’s Intergovernmental Panel on Climate Change, the preeminent global body on climate policy, still relies heavily on hard science in presenting its findings, despite efforts in its latest reports to highlight the role of social sciences and humanities, including religion, can play.

    With my team from the LSE Religion and Global Society research unit, I ran a climate change and religion workshop in Cairo with Muslim and Christian female and male faith leaders. Many of the 30 participants explained they felt frustrated that the climate science lens dominates.

    One member of a faith-based organisation told me during an interview after the workshop that: “We are often approached by western organisations and research institutions to collaborate. However, when we ask about the nature of these collaborations, it is often reduced to our logo and a couple of statements that tell people that they should care about climate change.”

    Rather than taking religion seriously on its own terms, climate science often shapes what kind of role religion should play in communicating climate change. This is a problem.

    Science meets religion

    Our current work with female scientists in Egypt is teaching us that in many non-western countries, such as Egypt, the religious and the scientific cannot be as easily untangled as some might like to think.

    I asked an Egyptian scientist who has been working on water management for the last 30 years how she sees the future of water in her country. She began her response with a verse from the Quran before turning to a scientific explanation of what that entails.

    While much of her work is informed by scientific models of reason that underpin the Egyptian state’s nationalist development projects, she can hold together scientific and religious ethical modes of reasoning. Bringing an understanding of this overlap to international climate policy is critical for creating global solidarity around this issue.

    Fortunately, things are changing. Through initiatives such as the UN Environment Programme’s Faith for Earth Coalition and the faith pavilion at recent UN climate summits, religious groups are becoming more prevalent and active on the global climate stage.

    But efforts to seek collaborations between scientists and faith communities are not good enough. We need to resist the urge to see religion as a mere vehicle for convincing most of the global population for whom religion gives meaning to life. The only way we can do that is for scientists and faith leaders to start laying the groundwork for new ways of thinking together.

    As Russian author Leo Tolstoy once wrote, “Science is meaningless because it has no answer to the only questions that matter to us: ‘What should we do and how shall we live?‘” The climate crisis demands new ways of thinking, new ways of perceiving reality, and religion is fundamental to achieving that.

    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 40,000+ readers who’ve subscribed so far.

    Hanane Benadi receives funding from British Academy.

    Hanane Benadi is a Research Officer at the London School of Economics

    – ref. Why religion is fundamental to addressing climate change – https://theconversation.com/why-religion-is-fundamental-to-addressing-climate-change-248074

    MIL OSI – Global Reports –

  • MIL-OSI Global: Sustainability ideals are often crushed by corporate demands. Here’s how businesses can let them flourish

    Source: The Conversation – UK – By Sanne Frandsen, Associate Professor in Organization, Lund University

    Urbanscape/Shutterstock

    A “calling” in the context of work might be characterised by a strong sense of purpose and a motivation beyond just being paid at the end of the month. It’s mostly associated with occupations like healthcare workers, teachers or nonprofit staff, for example. We might not immediately think of sustainability managers – employed by companies to reduce their environmental impact – as following a calling in the same sense.

    As researchers, however, we have found that sustainability and corporate social responsibility (CSR) managers are also drawn to their work by a calling to serve as agents for social change – even though their roles are corporate ones.

    The social aspirations of sustainability managers are key to the success of corporations’ CSR and sustainability work. However, these aspirations often clash with the corporate reality within the organisation.

    Our research is based on 57 sustainability managers in international companies in Sweden across various industries and career levels. We found that sustainability managers chose their careers in order to live out their strong socio-environmental ambitions.

    Yet keeping that motivation is far from easy. According to sustainability managers themselves, their employers fail to live up to their social aspirations. They are pushed to prioritise corporate goals over social good, and their visions are reduced to compliance only. Their innovative ideas can fade in the struggle to be heard and gain support within the organisation.

    We found that as sustainability managers gain more seniority within the corporation, they lose their socio-environmental purpose and instead start to focus on the bottom-line results of sustainability initiatives. This means they become less ambitious with regard to sustainability initiatives – and more concerned with the profit-driven benefits of sustainability.

    For example, a senior sustainability manager among our cohort who was employed at a company facing accusations of human rights violations focused more on improving the sustainability report and how she could communicate the idea that “CSR makes sense for business”.

    Though sustainability managers in the early stages of their careers are committed to radical change, their voices are seldom heard by the management or their colleagues. They struggle with feelings of social exclusion and meaninglessness, as their aspirations crumble.

    This can be emotionally draining and challenging to their identity, ultimately leading them to adopt more commercial aspirations instead. The sustainability managers find they can do little to mobilise the organisation to support their case for doing good.

    Shifting to the corporate mindset

    During their mid-careers, sustainability managers seemed more able to sell their social aspirations within the corporation. But their calling for social and environmental change becomes “corporatised” and a scaled-back version of their original vision. The shift to a business mindset seems important to get others in the organisation to take them seriously. It’s also important for the sustainability managers themselves, as it increases their sense of belonging within the organisation.

    But the initial drive towards societal change begins to dissipate. One sustainability manager explained that they had been “moulded” to think with more of a business mindset. “The first thing is that everything has to have business value,” they said.

    As sustainability managers in the later stages of their careers gain more power within their organisation, they also express more pride when they talk about their achievements. These are often linked to increased ranking or branding value – for example featuring on sustainability indices or securing media coverage of the company’s sustainability credentials.

    The social motivation for sustainability work, however, is sidelined. Sustainability managers say their work is meaningful and in line with their purpose. But the purpose is now almost exclusively driven more by corporate benefits.

    Businesses should take care not to crush the ambitions of early-career sustainability staff in the corporate machine.
    Iryna Inshyna/Shutterstock

    Are sustainability managers useless, then? Far from it. But our research shows how the very system that hires them to drive change often stifles their social and environmental aspirations.

    As such, companies should value and respond to sustainability managers’ social aspirations to ensure that they maintain the spirit, motivation, and passion for change. This, after all, is what lies at the heart of sustainability and CSR work.

    Our research underscores a critical point. If corporations want sustainability managers to drive meaningful and lasting change, they must support their calling for social impact. This includes giving them a voice and authority, for example, by including them in the executive team.

    Sustainability managers should not be relegated to work only on compliance tasks, but actively encouraged to contribute to the corporate strategy. A culture of openness that welcomes critical perspectives should embrace sustainability managers challenging the status quo. Without this, the drive for greener and more equitable corporate practices risks fading away.

    Sanne Frandsen receives funding from Handelsbankens Forskningstiftelser and the Swedish Research Council.

    Enrico Fontana and Mette Morsing do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Sustainability ideals are often crushed by corporate demands. Here’s how businesses can let them flourish – https://theconversation.com/sustainability-ideals-are-often-crushed-by-corporate-demands-heres-how-businesses-can-let-them-flourish-249556

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: New red route to be introduced on busy city road

    Source: City of Leicester

    WORK to prepare the busy A6 in Leicester for new measures to control dangerous and inconsiderate parking will get under way next month.

    Leicester City Council is set to install a ‘red route’ – or ‘no stopping order’ – along the full length of Abbey Lane and St Margaret’s Way to reduce congestion and keep traffic flowing.

    A red route means that where there are double red lines marked on the road, along the kerb line, no stopping is permitted at any time, even to drop off or pick up passengers or deliveries.

    The new measures will help prevent unauthorised and inconsiderate parking, particularly by car transporters, which can be a significant cause of congestion along the route.

    Enforcement of the new red route – which will affect the stretch of road between the inner ring road and Red Hill Circle in both directions – will be carried out by camera car.

    Drivers caught illegally stopping on the red route will face a £70 fine, reduced to £35 if paid within 21 days of the penalty charge notice (PCN) being issued.

    Exemptions will be in place for buses and hackney carriages.

    This will be the second red route introduced in Leicester. The first, on parts of London Road, has been in operation since it was introduced on an experimental basis in summer 2020.

    The Traffic Regulation Order required to introduce the new red route on Abbey Lane and St Margeret’s Way was advertised in summer 2023 and received no objections.

    Cllr Geoff Whittle, assistant city mayor for transport, said: “The introduction of a red route will build on the major investment we have already made in highways improvements on and around Abbey Lane and St Margaret’s Way.

    “The new rules are being introduced, after public consultation, to tackle the problem of cars and lorries stopping illegally along this busy road. It will help cut congestion, keep traffic moving more efficiently and improve this important route in and out of the city for all road users.”

    Work to prepare the route for the new no stopping order will get under way from Monday 3 March and is expected to take around four weeks to complete.

    To help minimise disruption, work to remove the old yellow lines and apply the new red route markings will take place during off-peak hours, between 7.30pm and 11.30pm, when the road is less busy.

    The work will be carried out in phases, with temporary lane restrictions in place.

    However, up to four short road closures will be required on the A6 while work is carried out between Thurcaston Road and at its junctions with Corporation Road and Beaumont Leys Lane. These are programmed to take place on the outbound route on Sunday 9th March and Monday 17th March 2025 and on the inbound route on Monday 10th March and Sunday 23rd March 2025. The road closures will be in place between 7.30pm and 11.30pm and well-signposted diversion will be in place.

    Access to properties will be maintained throughout the works.

    The introduction of the new red route is the latest in a major programme of improvements, maintenance and resurfacing carried out on the A6 St Margarets Way and Abbey over the last 18 months. It’s part of a citywide programme of works – backed by £40 million of government cash through the Transforming Cities Fund – to encourage more people to make the shift to sustainable transport and help ease congestion.

    MIL OSI United Kingdom –

  • MIL-OSI: Study: Brain Exercise Lowers Fatigue Symptoms in Multiple Sclerosis

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Feb. 24, 2025 (GLOBE NEWSWIRE) — Researchers at New York University (NYU) found that a particular set of brain exercises lowered the incidence of the all-too-common symptom of fatigue among patients with Multiple Sclerosis (MS) in a recently published study in the journal Nature: Scientific Reports. The exercises used in the study are from the commercially-available brain exercise app, BrainHQ made by Posit Science.

    This is the tenth published study in patients with MS using the BrainHQ exercises. Earlier studies have shown significant gains in processing speed, which is a signature cognitive deficit of MS, as well as in various measures of cognitive function, including the Brief International Cognitive Assessment for MS (BICAMS) and in each of its subtests (speed of processing, visuospatial memory, and verbal learning).

    While studies in other populations have found training with BrainHQ exercises improved measures of mood (depressive symptoms, feeling of control) and distress (anxiety, stress and fatigue), this is the first study in MS patients showing an improvement from BrainHQ exercises in measures of fatigue.

    “We are grateful for the ongoing work by independent researchers examining the potential usefulness of our plasticity-based BrainHQ exercises in addressing chronic diseases,” said Dr. Henry Mahncke, CEO of Posit Science. “The NYU team continues to be at the forefront of that research in MS.”

    The latest study at NYU set out to examine whether transcranial Direct Current Stimulation (tDCS), which provides mild electrical stimulation of the brain, could further improve the benefits from training with BrainHQ by enhancing brain plasticity (i.e., the brain’s ability to change chemically, physically, and functionally). The study used a tDCS headset from Soterix®, and employed the PROMIS fatigue score change as the primary outcome measure and the Modified Fatigue Impact Scale as a secondary fatigue measure.

    The 117 study participants were randomized into either a group receiving active tDCS stimulation while training with BrainHQ exercises, or a group using a sham tDCS stimulation while training. Each group was asked to complete thirty 20-minute training sessions over six weeks (for a total of 10 hours of training). 

    The researchers found both groups experienced a significant decrease in fatigue over the time period on both measures, but no between group difference. “Both the active and sham tDCS groups experienced reductions in fatigue, with no significant difference between the two groups, suggesting that tDCS does not provide any additional benefit over cognitive training alone in reducing fatigue,” the researchers wrote. They noted the study also confirmed the feasibility and tolerance of the home-based intervention.

    BrainHQ exercises have shown benefits in more than 300 studies. Such benefits include gains in cognition (attention, speed, memory, decision-making), in quality of life (depressive symptoms, confidence and control, health-related quality of life) and in real-world activities (health outcomes, balance, driving, workplace activities). BrainHQ is offered by leading health and Medicare Advantage plans, by leading medical centers, clinics, and communities, and by organizations focused on peak performance. Consumers can try a BrainHQ exercise for free daily at https://www.brainhq.com.

    The MIL Network –

  • MIL-OSI: Apollo to Acquire Bridge Investment Group

    Source: GlobeNewswire (MIL-OSI)

    Scaled Investment Platform Expands Apollo’s Origination Capabilities in Residential and Industrial Real Estate

    Bridge Manages $50 Billion of High-Quality AUM in Complementary Sectors Aligned with Apollo’s Long-Term Growth Strategy

    NEW YORK and SALT LAKE CITY, Feb. 24, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) and Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge” or the “Company”) today announced they have entered into a definitive agreement for Apollo to acquire Bridge in an all-stock transaction with an equity value of approximately $1.5 billion.

    Founded in 2009, Bridge is an established leader in residential and industrial real estate as well as other specialized real estate asset classes. Led by an experienced senior leadership team and over 300 dedicated investment professionals with significant real estate investment and operating expertise, Bridge’s forward-integrated model, nationwide operating platform and data-driven approach have fostered organic growth and consistently produced desirable outcomes across asset classes.

    Bridge will provide Apollo with immediate scale to its real estate equity platform and enhance Apollo’s origination capabilities in both real estate equity and credit, which is expected to benefit Apollo’s growing suite of hybrid and real estate product offerings. Bridge manages approximately $50 billion of high-quality AUM in real estate products targeting both institutional and wealth clients and is expected to be highly synergistic with Apollo’s existing real estate equity strategies and leading real estate credit platform. The transaction is expected to be immediately accretive to Apollo’s fee-related earnings upon closing.

    Apollo Partner and Co-Head of Equity David Sambur said, “We are pleased to announce this transaction with Bridge, which is highly aligned with Apollo’s strategic focus on expanding our origination base in areas of our business that are growing but not yet at scale. Led by a respected real estate team including Executive Chairman Bob Morse and CEO Jonathan Slager, Bridge brings a seasoned team with deep expertise and a strong track record in their sectors. Their business will complement and further augment our existing real estate capabilities, and we believe we can help scale Bridge’s products by leveraging the breadth of our integrated platform. We look forward to working with Bob and the talented Bridge team as we seek to achieve the strategic objectives we laid out at our recent Investor Day.”

    Bridge Executive Chairman Bob Morse said, “We are proud to be joining Apollo and its industry-leading team, who share our commitment to performance and excellence. This transaction will allow the Bridge and Apollo teams to grow on the strong foundation that Bridge has built since 2009 as we work to pursue meaningful value and impact for our investors and communities. With Apollo’s global integrated platform, resources, innovation and established expertise, we are confident that Bridge will be positioned for the next phase of growth amid growing demand across the alternative investments space.”

    Transaction Details
    Under the terms of the transaction, Bridge stockholders and Bridge OpCo unitholders will receive, at closing, 0.07081 shares of Apollo stock for each share of Bridge Class A common stock and each Bridge OpCo Class A common unit, respectively, valued by the parties at $11.50 per each share of Bridge Class A common stock and Bridge OpCo Class A common unit, respectively.

    Upon the closing of the transaction, Bridge will operate as a standalone platform within Apollo’s asset management business, retaining its existing brand, management team and dedicated capital formation team. Bob Morse will become an Apollo Partner and lead Apollo’s real estate equity franchise.

    A special committee of independent directors for Bridge (the “Special Committee”), advised by its own independent legal and financial advisors, reviewed, negotiated and unanimously recommended approval of the merger agreement by the Bridge Board of Directors, determining that it was in the best interests of Bridge and its stockholders not affiliated with Bridge management and directors. Acting upon the recommendation of the Special Committee, the Bridge Board of Directors approved the merger agreement. The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions for transactions of this nature, including approval by a majority of the Class A common stock and Class B common stock of Bridge, voting together and the receipt of regulatory approvals. Certain members of Bridge management and their affiliates, collectively owning approximately 51.4% of the outstanding voting power of the Class A common stock and Class B common stock of Bridge, have entered into voting agreements in connection with the transaction and have agreed to vote in favor of the transaction in accordance with the terms therein. Subject to and upon completion of the transaction, shares of Bridge common stock will no longer be listed on the New York Stock Exchange and Bridge will become a privately held company.

    Further information regarding terms and conditions contained in the definitive merger agreement will be made available in Bridge’s Current Report on Form 8-K, which will be filed in connection with this transaction.

    Bridge Fourth Quarter and Full-Year 2024 Earnings
    Bridge will no longer be holding its fourth quarter and full-year 2024 earnings conference call and webcast scheduled for February 25, 2025, due to the pending transaction.

    Advisors
    BofA Securities, Citi, Goldman, Sachs & Co. LLC, Morgan Stanley & Co. LLC and Newmark Group are acting as financial advisors, Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal counsel and Sidley Austin LLP is acting as insurance regulatory counsel to Apollo. J.P. Morgan Securities LLC is serving as financial advisor to Bridge and Latham & Watkins LLP is acting as legal counsel. Lazard is serving as financial advisor to the special committee of the Bridge Board of Directors and Cravath, Swaine & Moore LLP is acting as legal counsel.

    Statement Regarding Forward-Looking Information

    This press release contains statements regarding Apollo, Bridge, the proposed transactions and other matters that are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, discussions related to the proposed transaction between Apollo and the Company, including statements regarding the benefits of the proposed transaction and the anticipated timing and likelihood of completion of the proposed transaction, and information regarding the businesses of Apollo and the Company, including Apollo’s and the Company’s objectives, plans and strategies for future operations, statements that contain projections of results of operations or of financial condition and all other statements other than statements of historical fact that address activities, events or developments that Apollo and the Company intends, expects, projects, believes or anticipates will or may occur in the future. Such statements are based on management’s beliefs and assumptions made based on information currently available to management. All statements in this communication, other than statements of historical fact, are forward-looking statements that may be identified by the use of the words “outlook,” “indicator,” “may,” “will,” “should,” “expects,” “plans,” “seek,” “anticipates,” “plan,” “forecasts,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions, but not all forward- looking statements include such words. These forward-looking statements are subject to certain risks, uncertainties and assumptions, many of which are beyond the control of Apollo and the Company, that could cause actual results and performance to differ materially from those expressed in such forward-looking statements. Factors and risks that may impact future results and performance include, but are not limited to, those factors and risks described under the section entitled “Risk Factors” in Apollo’s and the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and such reports that are subsequently filed with the Securities and Exchange Commission (the “SEC”).

    The forward-looking statements are subject to certain risks, uncertainties and assumptions, which include, but are not limited to, and in each case as a possible result of the proposed transaction on each of Apollo and the Company: the ultimate outcome of the proposed transaction between Apollo and the Company, including the possibility that the Company’s stockholders will not adopt the merger agreement in respect of the proposed transaction; the effect of the announcement of the proposed transaction; the ability to operate Apollo’s and the Company’s respective businesses, including business disruptions; difficulties in retaining and hiring key personnel and employees; the ability to maintain favorable business relationships with customers and other business partners; the terms and timing of the proposed transaction; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement and the proposed transaction; the anticipated or actual tax treatment of the proposed transaction; the ability to satisfy closing conditions to the completion of the proposed transaction (including the adoption of the merger agreement in respect of the proposed transaction by the Company’s stockholders); other risks related to the completion of the proposed transaction and actions related thereto; the ability of Apollo and the Company to integrate the businesses successfully and to achieve anticipated synergies and value creation from the proposed transaction; global market, political and economic conditions, including in the markets in which Apollo and the Company operate; the ability to secure government regulatory approvals on the terms expected, at all or in a timely manner; the global macro-economic environment, including headwinds caused by inflation, rising interest rates, unfavorable currency exchange rates, and potential recessionary or depressionary conditions; cyber-attacks, information security and data privacy; the impact of public health crises, such as pandemics and epidemics and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets; litigation and regulatory proceedings, including any proceedings that may be instituted against Apollo or the Company related to the proposed transaction; and disruptions of Apollo’s or the Company’s information technology systems.

    These risks, as well as other risks related to the proposed transaction, will be included in the Registration Statement (as defined below) and Joint Proxy Statement/Prospectus (as defined below) that will be filed with the SEC in connection with the proposed transaction. While the list of factors presented here is, and the list of factors to be presented in the Registration Statement and Joint Proxy Statement/Prospectus are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Other unknown or unpredictable factors also could have a material adverse effect on Apollo’s and the Company’s business, financial condition, results of operations and prospects. Accordingly, readers should not place undue reliance on these forward-looking statements. These forward-looking statements are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Except as required by applicable law or regulation, neither Apollo nor the Company undertakes (and each of Apollo and the Company expressly disclaim) any obligation and do not intend to publicly update or review any of these forward-looking statements, whether as a result of new information, future events or otherwise.

    No Offer or Solicitation

    This press release is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction pursuant to the proposed transactions or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. Subject to certain exceptions to be approved by the relevant regulators or certain facts to be ascertained, the public offer will not be made directly or indirectly, in or into any jurisdiction where to do so would constitute a violation of the laws of such jurisdiction, or by use of the mails or by any means or instrumentality (including without limitation, facsimile transmission, telephone and the internet) of interstate or foreign commerce, or any facility of a national securities exchange, of any such jurisdiction.

    Additional Information Regarding the Transaction and Where to Find It

    This press release is being made in respect of the proposed transaction between Apollo and the Company. In connection with the proposed transaction, Apollo intends to file with the SEC a registration statement on Form S-4, which will constitute a prospectus of Apollo for the issuance of Apollo common stock (the “Registration Statement”) and which will also include a proxy statement of the Company for the Company stockholder meeting (together with any amendments or supplements thereto, and together with the Registration Statement, the “Joint Proxy Statement/Prospectus”). Each of Apollo and the Company may also file other relevant documents with the SEC regarding the proposed transaction. This document is not a substitute for the Registration Statement or Joint Proxy Statement/Prospectus or any other document that Apollo or the Company may file with the SEC. The definitive Joint Proxy Statement/Prospectus (if and when available) will be mailed to stockholders of the Company.

    INVESTORS ARE URGED TO READ IN THEIR ENTIRETY THE REGISTRATION STATEMENT, THE JOINT PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors will be able to obtain free copies of the Registration Statement and Joint Proxy Statement/Prospectus (if and when available) and other documents containing important information about Apollo, the Company and the proposed transaction, once such documents are filed with the SEC through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with, or furnished to, the SEC by Apollo will be available free of charge by accessing the Investor Relations section of Apollo’s website at https://ir.apollo.com. Copies of the documents filed with, or furnished to, the SEC by the Company will be available free of charge by accessing the Investor Relations section of the Company’s website at https://www.bridgeig.com. The information included on, or accessible through, Apollo’s or the Company’s website is not incorporated by reference into this communication.

    Participants in the Solicitation

    Apollo, the Company, and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the Company’s stockholders in respect of the proposed transaction. Information about the directors and executive officers of Apollo, including a description of their direct or indirect interests, by security holdings or otherwise, is contained in its Proxy Statement on Schedule 14A, dated April 26, 2024 (the “Apollo Annual Meeting Proxy Statement”), which is filed with the SEC. Any changes in the holdings of Apollo’s securities by Apollo’s directors or executive officers from the amounts described in the Apollo Annual Meeting Proxy Statement have been or will be reflected in Initial Statements of Beneficial Ownership of Securities on Form 3 (“Form 3”), Statements of Changes in Beneficial Ownership on Form 4 (“Form 4”) or Annual Statements of Changes in Beneficial Ownership of Securities on Form 5 (“Form 5”) subsequently filed with the SEC and available at the SEC’s website at www.sec.gov. Information about the directors and executive officers of the Company, including a description of their direct or indirect interests, by security holdings or otherwise, is contained in its Proxy Statement on Schedule 14A, dated March 21, 2024 (the “Company Annual Meeting Proxy Statement”), which is filed with the SEC. Any changes in the holdings of the Company’s securities by the Company’s directors or executive officers from the amounts described in the Company Annual Meeting Proxy Statement have been or will be reflected on Forms 3, Forms 4 or Forms 5, subsequently filed with the SEC and available at the SEC’s website at www.sec.gov. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Registration Statement and the Joint Proxy Statement/Prospectus and other relevant materials to be filed with the SEC regarding the proposed transaction when such materials become available. Investors should read the Registration Statement and the Joint Proxy Statement/Prospectus carefully when available before making any voting or investment decisions.

    About Apollo
    Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2024, Apollo had approximately $751 billion of assets under management. To learn more, please visit www.apollo.com.

    About Bridge Investment Group
    Bridge is a leading alternative investment manager, diversified across specialized asset classes, with approximately $50 billion of assets under management as of December 31, 2024. Bridge combines its nationwide operating platform with dedicated teams of investment professionals focused on select verticals across real estate, credit, renewable energy and secondaries strategies.

    Contacts

    For Apollo:

    Noah Gunn
    Global Head of Investor Relations
    Apollo Global Management, Inc.
    212-822-0540
    ir@apollo.com

    Joanna Rose
    Global Head of Corporate Communications
    Apollo Global Management, Inc.
    212-822-0491
    communications@apollo.com

    For Bridge:

    Shareholder Relations:
    Bonni Rosen Salisbury
    Bridge Investment Group Holdings Inc.
    shareholderrelations@bridgeig.com

    Media:
    Charlotte Morse
    Bridge Investment Group Holdings Inc.
    (877) 866-4540
    charlotte.morse@bridgeig.com

    H/Advisors Abernathy
    Eric Bonach / Dan Scorpio
    (917) 710-7973 / (646) 899-8118
    eric.bonach@h-advisors.global / dan.scorpio@h-advisors.global

    The MIL Network –

  • MIL-OSI United Kingdom: Government commits to get more veterans into meaningful jobs

    Source: United Kingdom – Executive Government & Departments

    Press release

    Government commits to get more veterans into meaningful jobs

    Thousands of veterans and their family members across the UK will have access to enhanced career support thanks to government plans to expand Op ASCEND.

    • Government to expand UK-wide career support for the armed forces community, ensuring support for all veterans, regardless of when they left service
    • Careers advice service Op ASCEND offer to include broader range of job support for veterans, helping more into employment and boosting growth under this government’s Plan for Change
    • Service will work with industry bodies to make sure businesses are set up to make the most of the talents veterans have to offer, showing how the government is renewing the contract with those who serve and have served

    Thousands of veterans and their family members across the UK will have access to enhanced career support thanks to government plans to expand Op ASCEND. The free service has so far equipped 3,000 veterans and family members with the tools to make their next career move.

    When jobseekers sign up to Op ASCEND for employment advice, specialist-trained advisors can support with:

    • CV writing and interview preparation
    • advice on entering new sectors such as energy, data and digital, telecommunications and construction
    • tips on how to navigate recruitment schemes run by veteran-friendly employers
    • access to employment fairs
    • advice on retraining or setting up a business

    The changes underline the government’s commitment to renewing the contract with those who serve and have served, and will help boost economic growth by helping more veterans into employment.

    The government is committed to improving services and maximising the impact of every penny spent under its Plan for Change, which the improvements will help deliver on.

    Speaking today at an audience of industry leaders and veterans at Mission Community’s annual National Transition Event in Silverstone, Veterans Minister Alistair Carns announced plans to expand the support available under Op ASCEND, which is run by the Forces Employment Charity (FEC). The service will align more closely with the MOD’s official resettlement programme – the Career Transition Partnership (CTP).

    Minister for Veterans and People, Alistair Carns DSO OBE MC MP said:

    This government is committed to renewing the nation’s contract with those who serve and have served.

    Op ASCEND is a natural extension to the government’s resettlement scheme, enabling veterans and their families to further maximise their potential and take their careers to the next level.

    This is about delivering a clear, easily accessible offering for veterans. From the time they join, to the time they leave service and beyond, veterans will be empowered to succeed, whether that be in protection of our nation, or through meaningful careers which maintain and develop their skills.

    For those just leaving the forces, there is a range of transition and resettlement support available through the CTP. For those who left service more than 2 years ago and are looking for a new job or to progress within their career, Op ASCEND is available to them. This could include provision for those veterans looking to set up their own business or hone their enterprise and entrepreneurial skills. 

    Sam, a British Army veteran who recently secured a role as a physical oil trading contracts analyst in the energy industry thanks to Op ASCEND, said:

    I found Op ASCEND online, and was assigned a mentor to help me navigate the process. There’s the intangible side of the service – knowing there’s people around that care, are interested and want to see you succeed. Knowing you can connect with an advisor, write to them or call them up if you’re having problems and get some advice. Then there’s the tangible impact of the employment events – they’re actionable, you can go ahead and do something with it.

    As well as offering career advice to the armed forces community, Op ASCEND has worked with over 300 businesses to date, helping them understand the commercial benefits of hiring veterans. The service encourages employers to:

    • review their work in recruiting, progressing and retaining talent from the armed forces and their families
    • run employment events to connect job-seeking members of the military community with job opportunities
    • expand or create new military pathways to help veterans with their transition and keep them connected to those with similar backgrounds

    Ian Fortune, Head of Pathways, Centrica, said:

    Working with the Forces Employment Charity through the delivery of Op ASCEND has enabled high-calibre service leavers and the wider military family to bring their significant talent and skillsets into our organisation with confidence.  With fantastic Pathways events such as Women Into Employment, we have been bringing diversity of thought, background and experience into our company and with it, fresh perspectives and thinking that is helping to energise a greener, fairer, future.

    Op ASCEND is being run alongside a veteran industry engagement programme, both backed by £2.1 million of government funding. Run by service charity Mission Community, the programme works with industry bodies – such as the Society of Motor Manufacturing and Traders – to drive practical, cultural and behavioural change within their sectors. Through this partnership with business, the government will help ensure that the value veterans bring to UK businesses is fully recognised, and that industries make the most of the talents they have to offer.  

    Notes to editors:

    Updates to this page

    Published 24 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Marat Khusnullin flew over a section of the M-12 “Vostok” high-speed highway from Tatarstan to the Sverdlovsk region

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Marat Khusnullin held a meeting with representatives of the Federal Road Agency (Rosavtodor) and the state company Avtodor

    February 24, 2025

    Implementation of the project for the construction of the M-12 “Vostok” high-speed highway. Section between the Republic of Tatarstan and the Sverdlovsk Region

    February 24, 2025

    Previous news Next news

    Marat Khusnullin held a meeting with representatives of the Federal Road Agency (Rosavtodor) and the state company Avtodor

    In Russia, the implementation of a large-scale infrastructure project to build the M-12 “Vostok” high-speed highway to Yekaterinburg continues. Deputy Prime Minister Marat Khusnullin flew over the section under construction between the Republic of Tatarstan and the Sverdlovsk Region, and also held a meeting with representatives of the Federal Road Agency (Rosavtodor) and the state company “Avtodor”.

    “The Russian construction industry is systematically working to improve the connectivity of the regions of our large country. Single routes, including high-speed ones, are being created from individual sections. The “Russia” transport route will stretch for approximately 12 thousand km from St. Petersburg to Vladivostok. It will include both existing highways and those built from scratch. One of them is the M-12 “Vostok” highway, the construction of which is being carried out on the instructions of the President. To extend the highway, the state company “Avtodor” is actively building a new 275 km Dyurtyuli – Achit section in the Republic of Bashkortostan, Perm Krai and Sverdlovsk Oblast. Having flown the route, I can say that the pace of work on extending the M-12 to Yekaterinburg is not bad. There was a delay for a number of reasons, including weather conditions. Last year there were heavy rains, the road was washed away in places, they could not deliver sand and gravel. But by the end of June we are determined to prepare the highway for opening,” the Deputy Prime Minister noted.

    The Deputy Prime Minister added that work on extending the highway is in full swing. For example, the overall readiness of the first stage of the Dyurtyuli-Achit road in the Republic of Bashkortostan is more than 72%. Engineering networks are being built at the site, and 5,000 lighting poles and lamps have already been installed for the safe movement of drivers at night.

    At the second stage, 31 artificial structures are being built in Perm Krai, including seven bridges, including a bridge across the Malaya Sarana River. In terms of height, it is comparable to an 8-story building (more than 24 m). At the third stage, two interchanges, seven overpasses and five bridges will be built in Sverdlovsk Oblast, including a bridge across the Bolshaya Sarana River with a length of 540 m.

    After Yekaterinburg, the federal highway M-12 “Vostok” will be extended to Tyumen. At the meeting, Marat Khusnullin discussed the renewal of the Yekaterinburg-Tyumen section with representatives of the Federal Road Agency. Other topics included the construction of bypasses of Omsk, Tyumen, a road towards Perm, as well as the expansion of access roads from Ufa to Dyurtyuli, so that residents could conveniently use the M-12 highway.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI China: Xi says bilateral ties show China, Russia good neighbors, true friends

    Source: China State Council Information Office

    Chinese President Xi Jinping said on Monday that history and reality show that China and Russia are good neighbors that cannot be moved away, and true friends who share weal and woe, support each other and achieve common development.

    He made the remarks when having a phone conversation with Russian President Vladimir Putin at the latter’s request.

    Xi said the two leaders had a video meeting before the Chinese Spring Festival during which they made plans for the development of China-Russia relations throughout the year and strengthened coordination on a series of major international and regional issues.

    Various departments from both countries are steadily advancing cooperation in all fields in accordance with the consensus reached by the two leaders, including carrying out activities to commemorate the 80th anniversary of the victory of the Chinese People’s War of Resistance against Japanese Aggression and the 80th anniversary of the victory of World Anti-Fascist War, Xi said.

    Xi said China-Russia ties enjoy strong internal driving force and unique strategic value, adding that the relationship does not target any third party nor would it be influenced by any third party. The development strategies and foreign policies of China and Russia are for the long-term, he said.

    Despite changes in the international situation, China-Russia relations will proceed with ease, which will help each other’s development and revitalization, and inject stability and positive energy into international relations, he said.

    Xi stressed that at the beginning of the overall escalation of the Ukraine crisis, he put forward the “four-should” and other basic proposals for resolving the crisis.

    In September last year, China and Brazil, together with some countries of the Global South, set up the Group of Friends for Peace on the Ukraine crisis to create an atmosphere and accumulate conditions for promoting the political settlement of the crisis, Xi noted.

    China is happy to see Russia and relevant parties make positive efforts to defuse the Ukraine crisis, he said. 

    MIL OSI China News –

  • MIL-OSI Banking: Samsung hits the runway with E.L.V. DENIM to showcase sustainable fashion

    Source: Samsung

     
    LONDON, UK – Samsung Electronics Co., Ltd is making its London Fashion Week debut as part of E.L.V. DENIM’s first ever presentation titled ‘The Journey’.
     
    The British luxury brand, dedicated to crafting timeless fashion pieces from 100% upcycled materials, created ‘The Journey’ to trace its evolution from the first pair of jeans in 2018 to a full ready-to-wear collection, including shirting, tailoring, leather, and evening wear.
     
    Set to a backdrop of Samsung’s Series 6 Washing Machines and Tumble Dryers – which offer a range of features that help reduce energy consumption[1] as well as decreasing the amount of harmful plastic microfibers clothes shed[2] – the show portrays E.L.V.’s commitment to upcycling, local manufacturing, and true sustainability by exploring the six core elements of E.L.V. DENIM’s production: sourcing, washing, grading, pairing, cutting & sewing.
     
    Dan Barfield, Director of Digital Appliances, Samsung UK & Ireland, comments: “We’re proud to be a part of E.L.V. DENIM’s London Fashion Week debut. The presentation showcases both brand’s dedication to innovation, making our products the perfect backdrop to the first fully upcycled show on-schedule.
     
    “This collaboration is a powerful statement towards responsible consumption. While E.L.V. DENIM transforms garments otherwise destined for landfill into high-end fashion, our laundry innovations help extend the life of clothing by delivering a deep clean using less water and energy. We’re committed to building products and providing consumers with options that put responsible practices at the forefront of fashion.”
     
    Anna Foster, Founder & Designer, E.L.V. DENIM, comments “From the very beginning, we believed—and still believe—that we make the best jeans in the world. Our commitment to upcycling, local manufacturing, and true sustainability sets us apart. Some might call that a bold statement, but we have the processes to prove it. That’s why we’ve created a fully transparent presentation that shows exactly how we do it.
     
    “We welcome questions and interaction—our team is here to share everything. Only by being completely open can we prove who we are, and what we’re striving to become. Today, E.L.V. DENIM is the only brand in the world producing high-end garments at scale entirely from 100% upcycled post-consumer waste. We are not just making jeans; we are rewriting the rules of fashion.”
     

     
    Samsung offers innovative solutions to help consumers reduce water and energy usage. Various Samsung washing machines have AI energy mode[3] that can reduce your energy consumption by up to 70%[4], whilst ecobubble technology can wash effectively at cooler temperatures.
     
    Samsung also offers the Less Microfiber cycle that works to make clothes shed less microplastics, which are discharged into the drain water. By adjusting the motor’s revolution speed and washing intensiveness, the Less Microfiber cycle reduces the amount of microfiber released into the drain by up to 54%[[5]].
     

     
     
    Top Tips: How to Make Your Laundry More Eco-Friendly
     
    Embrace energy-saving tech to cut down on water and energy use
    While it is a staple to our daily lives, electricity production generates the second largest share of greenhouse gas emissions, making it vital we explore how to cut our energy consumption. Our washing machines with AI energy mode can reduce your energy consumption by using sensors to detect the weight of your laundry before calculating and dispensing the optimal amount of water needed for the load. [3+4]
     
    Less is more when it comes to detergent
    Many laundry detergents contain microplastics—harmful plastic microfibres that make it into the ocean[6]. That’s why Samsung developed the new Less Microfiber Filter, an external washing machine filter designed to significantly reduce plastic microfiber emissions during laundry cycles.
     
    Designed with inspiration from apparel maker Patagonia and expertise from the global ocean conservation organisation Ocean Wise, the filter captures 98%[[7]] of microplastics released during laundry from escaping into the ocean, equivalent to eight 500ml plastic bottles per year when used four times a week[8].
     
    To manage the amount of detergent we use to avoid damaging the planet, our clothes and the machine itself over time, Samsung’s Auto Dispense feature automatically adds the right amount of detergent and softener into the washer, taking the guesswork out of every wash.
     
    Don’t be afraid of the cold (wash)
    Using hot water during a laundry cycle uses a substantial amount of energy—in fact, 75% of the energy required during a hot wash cycle is used just to heat up the water[9]. With Samsung’s EcoBubble technology, you need not worry that a colder wash will result in a less effective clean.
     
    Even at a cold wash setting of 15°C, EcoBubble technology will still effectively dissolve detergent and mix it with air and water to create bubbles that thoroughly penetrate clothes so as to remove even the toughest stains.
     
    Choose appliances that are built to last
    A final tip for making your laundry as eco-friendly as possible is to opt for appliances that are sure to last for a long time, a decision that contributes to the reduction of landfill waste, the conversation of resources, the prevention of environmental contamination by toxic materials, and the reduction of greenhouses gases created in the production of new materials.
     
    Samsung’s washers and dryers have been designed for long-term use, coming with industry-leading warranties for both product and parts so that users can rest assured that their appliance decisions are the best ones for the environment.
     
    About E.L.V. DENIM
     
    E.L.V. DENIM is a pioneering British luxury brand dedicated to handcrafting timeless fashion pieces from 100% upcycled materials. Breathing a second life into garments that could otherwise be destined for landfill, E.L.V. DENIM transforms loss into luxury.
     
    In a world of over-consumption, E.L.V. DENIM challenges convention. It’s fabric-first curated sourcing of pre-loved garments ensures every piece is unique and innovative designs create pieces to last a lifetime. Founder and Creative Director Anna Foster launched E.L.V. DENIM to redefine the perfect fit in denim, ensuring every pair of ‘off the rack’ jeans feels like it is tailor made. In addition, it is the first denim brand to launch a jean that can adapt to the wearer’s life with built-in seam allowances for effortless tailoring.
     
    In 2023 the brand extended beyond denim and into new categories; upcycling corduroy, shirting, tailoring, leather and cotton, helping to protect the environment for future generations and proving that a completely circular fashion model can be a success.
     
    All production takes place in East London, minimising carbon footprint and supporting our local
    community of ateliers. The brand has a holistic approach to sustainability and zero-waste, all parts of the jeans are used to make new products, scraps are constructed into sheets of patchwork fabrics and the smaller threads are turned into denim paper.
     
    [1] Our washing machines with AI energy mode* can reduce your energy consumption by up to 70%** * Available on Android and iOS devices. A Wi-Fi connection and a Samsung account are required. ** Based on internal testing on the WW7000D models on a Cotton 40 degrees wash with the AI Energy Mode turned on compared to not using AI Energy Mode.
     
    [2] The Less Microfiber cycle works to make clothes shed less microplastics, which are discharged into the drain water. By adjusting the motor’s revolution speed and washing intensiveness, the Less Microfiber cycle reduces the amount of microfiber released into the drain by up to 54%. Based on testing by the Ocean Wise Plastics Lab using a 2kg load of 100% polyester hoodies, comparing the Synthetics cycle on a Samsung conventional model WW4000T and the Less Microfiber cycle on the WW7000B. Results may vary depending on the actual clothes and usage conditions.
     
    [3] Available on Android and iOS devices. A Wi-Fi connection and a Samsung account are required.
     
    [4] Based on internal testing on the WW7000D models on a Cotton 40 degrees wash with the AI Energy Mode turned on compared to not using AI Energy Mode.
     
    [5] Tested with 2kg load of 100% polyester hoodies, comparing Synthetics cycle on Samsung Conventional model WW4000T and the Less Microfiber Cycleon WW9400B. The results may be different depending on the clothes and environment. Tested at the Ocean Wise Plastics Lab. Newsroom post here.
     
    [6] “Fashion’s tiny hidden secret”, United Nations Environment Programme (unep.org/news-and-stories/story/fashions-tiny-hidden-secret).
     
    [7] Tested at Ocean Wise Plastics Lab on the WW90T734DWH model (using Synthetic cycle, approximately 2kg load of synthetic textile laundry) comparing the amount of microfiber released with and without the Less Microfiber Filter installed. The amount is calculated by filtering drain water through a 50um filter. Results may vary depending on clothes and environment.
     
    [8] Tested at Ocean Wise Plastics Lab on the WW90T734DWH model (using Synthetic cycle, approximately 2kg load of synthetic textile laundry) comparing the amount of microfiber released with and without the Less Microfiber Filter installed. The amount is calculated by filtering drain water through a 50um filter. One wash cycle’s reduction amount of 0.627g is based on a 5kg load (0.125g/kg x 5kg). Annual reduction amount (132g) is calculated based on 210 cycles (4 times a week, 52 weeks) and 5kg load on each cycle. 500㎖ bottle weight (15.4g) is based on the Korea Ministry of Environment’s guideline on plastic bottles.
     
    [9] Data source: https://www.euronews.com/living/2019/07/14/eco-washing-your-way-to-a-cleaner-planet
     

    MIL OSI Global Banks –

  • MIL-OSI USA: UConn Study Shows Tagatose May Combat Antibiotic-Resistant C. difficile Infections

    Source: US State of Connecticut

    A new UConn study reveals that tagatose, a plant-based sugar alternative, shows promise in mitigating Clostridioides difficile (C. difficile) infection, particularly those resistant to antibiotics. A pilot study conducted in a mouse model suggests that tagatose could offer a novel nutraceutical approach to combat this growing public health threat.

    C. difficile is a leading cause of hospital-acquired infections, with strains increasingly exhibiting antibiotic resistance. Current treatments often involve broad-spectrum antibiotics, which can further disrupt the gut microbiome, exacerbating the infection cycle. This has created an urgent need for alternative strategies.

    The UConn study, led by Kumar Venkitanarayanan, PhD, associate dean for research and graduate studies at the College of Agriculture, Health and Natural Resources (CAHNR), investigated the effect of tagatose supplementation on C. difficile infection in mice. The results demonstrated that tagatose consumption not only proved safe for animals but also significantly reduced infection symptoms and severity.

    “Our research indicates that tagatose has the potential to reduce C. difficile infection through multiple mechanisms,” says Venkitanarayanan. “Its prebiotic properties appear to promote a healthier gut microbiome, while preliminary evidence suggests it may also inhibit the production of bacterial toxins. This dual action could be particularly valuable in addressing antibiotic-resistant strains.”

    Tagatose is a naturally occurring monosaccharide found in small quantities in some fruits and grains. It is approximately 92% as sweet as sucrose but with a significantly lower caloric value and glycemic index. Tagatose has been FDA approved for over 20 years and is used as a low-calorie sweetener in various food products. It also has NutraStrong™ prebiotic verified certification.

    Bonumose, Inc., an enzyme solutions company with a scalable process for producing high-purity, plant-based tagatose, is collaborating with UConn and exploring the commercial potential of UConn’s research.

    The study was conducted under a sponsored research agreement, which was successfully negotiated with the support of UConn’s Technology Commercialization Services. As a result of this collaboration, Bonumose currently holds an option license to the technology.

    “We are very excited about the outcomes of this sponsored research,” says Amit Kumar, PhD. “We believe these results will play a crucial role in advancing the development of this technology, bringing it closer to real-world impact.”

    The UConn study adds to a growing body of evidence supporting the prebiotic and health-promoting properties of tagatose.

    “The data from this UConn study supports what we already know about tagatose and gut health. Tagatose has the rare ability to not only feed good bacteria in the gut but to also inhibit the toxins produced by harmful bacteria,” says Karen Weikel, PhD, vice president of regulatory & nutrition at Bonumose.

    Further research is planned to investigate the specific mechanisms of action and to evaluate its efficacy in clinical trials.

    “The affordability and accessibility of tagatose make it a promising candidate for a nutraceutical intervention. We are committed to exploring tagatose’s full potential in addressing C. difficile and other related health challenges. UConn’s research reinforces the significance of tagatose not only as a benign and delicious replacement for sugar in food production, but also as an ingredient with beneficial health effects,” Ed Rogers, Bonumose CEO.

    This work relates to CAHNR’s Strategic Vision area focused on Enhancing Health and Well-Being Locally, Nationally, and Globally.

    Follow UConn CAHNR on social media

    MIL OSI USA News –

  • MIL-OSI USA: Searching for a Universal Principle for Unconventional Superconductivity

    Source: US State of Connecticut

    You may recognize graphite as the “lead” in a pencil, but besides helping you take notes or fill in countless bubbles on exam answer sheets, it is helping scientists grapple with the secrets of superconductivity.

    Superconductivity happens when an electric current is transmitted through wires without the loss of any energy in the form of heat or resistance. Superconducting materials have the potential to revolutionize many aspects of our daily lives, from improving the electrical grid to making more powerful computers. However, superconductivity generally requires very low temperatures, so low they may become impractical, and the exact mechanisms of superconductivity are not well understood for many superconducting materials.

    In their recent Nature publication, a collaboration of researchers, including UConn Department of Physics Professor Pavel Volkov, detail surprising findings about superconductivity in twisted trilayer graphene.

    In 2018, attention focused on the rich physics of superconductivity in multilayer graphene, which is a single layer of carbon atoms forms graphite. As a single layer, graphene is not superconducting; however, this changes when two layers are stacked and slightly twisted to form twisted bilayer graphene (TBG). Stacking three layers to make twisted trilayer graphene (TTG) together makes the system more stable and robust and was the subject for much of this study.

    The twist leads to unique and unconventional superconducting properties in the twisted trilayer graphene. Volkov says that at a so-called ‘magic’ twist angle, quantum interference effects lead to the motion of elections slowing down enormously as they move through the layers of graphene, allowing them to interact much more strongly with one another, which is likely the driving force of superconductivity.

    “A number of observations on twisted trilayer graphene are quite similar to another system of immense interest where interactions are strong — the cuprate high transition temperature superconductors. We’re interested in it fundamentally because we don’t quite understand how this works,” Volkov says.

    Indeed, the famous theory of Bardeen, Cooper and Schrieffer, published in 1957, is known to fit well many known superconductors, Volkov explains. Their theory attributes superconductivity to the electrons forming “Cooper pairs” due to interaction with lattice vibrations. However, it does not match the observations for cuprates and several other material classes, which has since earned the name of “unconventional” superconductors. Some of them, like cuprates, become superconducting at relatively high temperatures – which in this case is -200°F – while others, including TTG, superconduct only at extremely low temperatures below -450°F. Yet, the presence of strong interactions between the electrons unites these rather different materials.

    Scientists hope that studying how superconductivity happens in TTG may help gain understanding the origin of unconventional superconductivity and in raising the extremely low temperatures required.

    Getting a conclusive answer 

    Volkov says the graphene system is great for studying superconductivity because it is clean, and fairly easy to control.

    “After adding the twist, suddenly it starts to show all the physics that we don’t understand,” he says. “The hope is that if we start with a system which is perhaps a little bit more in the theoretical control than the messy chemistry of the cuprates, maybe we can understand the general principles behind unconventional, non-BCS superconductors.”

    Many previous studies in graphene, though they contribute important information, are limited in describing superconductivity, says Volkov, because those experiments focus on the properties of single electrons rather than electron pairs.

    “What matters is that electrons form pairs, and somehow you want to probe the properties of those pairs to be able to study superconductivity. That is what this experiment achieves.”

    Volkov offers an analogy: if an electric field is applied to a superconductor, it will result in an increase in the velocity and acceleration of the electron pairs and a current increasing in time. This phenomenon is known as inductance.

    “At an engineering level, a superconductor is just an inductor, the problem is they are typically bad inductors. The better a superconductor is, the worse it is as an inductor.”

    Volkov says that co-authors Abhishek Bannerjee, Zeyu Hao and Mary Kreidel from the groups of Philip Kim, from Harvard’s Department of Physics, and K.C. Fong from Raytheon BBN Technologies, developed electrical circuits that allow the researchers to perform experiments to study the inductance of the superconducting graphene. Then, they were able to directly measure the inertia and density of the Cooper pairs that lead to superconductivity.

    Volkov says the question they wanted to answer concerns the structure of the electron pairs. When particles form a pair, their relative motion does not stop, but different kinds of motion can occur. While in the BCS theory relative motion of electrons in a pair is uniform, or isotropic, Volkov says there is evidence that the electrons in unconventional superconductors pair in a non-uniform, or anisotropic way.

    “Up to this work, I don’t think we had a conclusive answer on whether that pairing is isotropic or anisotropic in twisted graphene,” he says. “It’s important because the conventional mechanisms of superconductivity, such as what is proposed in BCS theory, typically advocate for uniform isotropic pairing. This experiment demonstrates that pairing in TTG is strongly anisotropic, and it reinforces the connection between twisted tri-layer graphene and high transition temperature cuprates, which is remarkable. As scientists, we want to see things that are that are complex but universal, because there’s trivial complexity. Every sample is different. Here we find two very different materials, showing quite similar properties, including superconductivity. Given the excellent tunability of TTG, the hope is that maybe we can get our hands on the universal principles of unconventional superconductivity, which are still missing.”

    ‘Beautiful experiments’ 

    Volkov says the discovery has been made by studying how temperature and current breaks the electron pairs apart. For strongly anisotropic pairs, there are always directions along which the pair is easy to break. Thus, even a tiny temperature change can lead to anisotropic pairs breaking apart. Volkov says they experimented with other parameters to disrupt the Cooper pairs, such as altering the current, and the results further confirm that the Cooper pairs in TTG are highly anisotropic.

    To understand more about the underlying electronic state, Volkov developed a theoretical model for the behavior of the TTG inductance as a function of temperature and current, in collaboration with co-authors Patrick Ledwith and Ashvin Vishwanath from Harvard’s Department of Physics.

    “By measuring the properties of superconducting pairs of electrons, we also get information on the underlying electronic structure and underlying properties of single electrons in that highly anisotropic state,” Volkov says. “That information is something we had to do theoretical modeling for, because it was not conforming to some simple expectations, where the more electrons you put in, the more superconducting pairs you get. That’s not how it works here. These beautiful experiments also gave us insights on the behavior of single electrons in TTG.”

    The take-home message of the paper is the electrons in twisted multilayer graphene behave unlike those described by BCS theory; but remarkably, they share properties with high-temperature cuprates, which may have practical uses. As Volkov says, they need to go back to the drawing board to develop a new theory of the superconducting state that accounts for these extraordinary materials because they may pave the way for a new generation of superconductors for real-world applications.

    MIL OSI USA News –

  • MIL-OSI USA: Virus vs. Bacteria: Phages Prove Effective at Killing Pathogens in Milk

    Source: US State of Connecticut

    Dennis D’Amico, associate professor of animal science, has demonstrated that bacteriophages can effectively reduce the amount of common foodborne pathogens in milk.

    Bacteriophages are viruses that infect bacteria. Some phages follow a lytic life cycle where they inject their DNA into the host cell and hijack its mechanisms to reproduce. When the number of phages grows too large, the cell will burst, killing the bacteria. The released phages will continue to self-propagate, seeking out more and more of their target bacteria to infect and kill. Then, once they have used up all the bacteria, they will simply die off.

    Each bacteriophage is highly specific and will only target one genus or one species, and in some cases, only one strain of a bacteria.

    “If you have a target like a foodborne pathogen – like E. coli – there are phages that will really only infect E. coli,” says D’Amico. “So, any good bacteria in your gut and in your food will be unaffected, and your human cells will be completely unaffected.”

    Bacteriophages are an organic anti-bacterial option that has no impact on the color, flavor, or texture of the food.

    “The reception for the use of phages from producers is very high because it’s a natural approach,” says D’Amico, who also has an appointment with UConn Extension to share his expertise with communities.

    D’Amico looked at a series of commercially available bacteriophages that target the most common dairy-borne pathogens: Listeria, Salmonella, and E. coli to see how effective they were in destroying these bacteria in milk and cheese.

    Each of the products D’Amico evaluated were a mixture of phages that target certain pathogenic species or strains.

    “You do a big mix of these phages with the hope that you’ll cover all the strains that you might encounter in your food product,” D’Amico says.

    D’Amico saw significant reductions in pathogen counts in pasteurized milk. These effects were observable within a few hours and held steady for a week.

    Listeria counts decreased by a factor of 10,000 compared to the control. For E. coli it was a bit more complicated, as some strains decreased by only a factor of five, while others decreased by 100 times.

    These findings were published in Food Microbiology.

    In raw milk, the phages did not reduce counts of Listeria or E. coli. In fact, phage counts decreased.

    This is because the heat used in pasteurization changes the shape of the proteins that would otherwise interfere with the phage’s activity. In raw milk, these proteins bind to the phages and prevent them from reaching their bacterial targets.

    Salmonella, however, was a different story. The phages successfully reduced that pathogen’s count in both pasteurized and raw milk.

    In pasteurized milk, the phages reduced pathogen counts by a factor of 200-1,500. In raw milk, the reductions were more modest but still significant at 13 to nearly 200 times. These findings were also published in Food Microbiology.

    D’Amico did not observe significant reductions in either gouda (a semihard, aged cheese) or queso fresco (a soft, fresh cheese).

    “Cheese is the act of turning a liquid to a solid,” D’Amico says. “Those phages are now trapped in a spot, and the bacteria are trapped in a spot, and their ability to find each other is greatly reduced. So, we saw a major reduction in their effectiveness during the cheese making process.”

    However, there were modest reductions in pathogen counts compared to the control in the cheese samples treated with the phages.

    “If you step back, there was a mild effect if you add the phage during the cheese-making process and that difference between treatment and control holds throughout the whole period,” D’Amico says. “Our goal would be to increase the impact during the cheesemaking process because it would probably maintain its effectiveness through the storage period.”

    The major limitation for using bacteriophages to combat dairy pathogens remains the cost.

    D’Amico had to add 1,000,000 times as many phages as pathogen to see these results in milk.

    Given that the phage products are relatively expensive, this is a significant barrier to their widespread application, especially for smaller producers.

    “There were a million times more phages than bacteria,” D’Amico says. “It doesn’t matter from a human health standpoint, or a product quality standpoint, but from a wallet standpoint you have to add quite a bit of this product to get the effect we observed.”

    This work relates to CAHNR’s Strategic Vision area focused on Enhancing Health and Well-Being Locally, Nationally, and Globally and Ensuring a Vibrant and Sustainable Agricultural Industry and Food Supply.

    Follow UConn CAHNR on social media

    MIL OSI USA News –