On September 18, 2024, at approximately 8:00 am, Swan River RCMP received a report of a female who had been brought to the Swan Valley Health Centre who had wounds from a firearm.
The investigation has determined that a 48-year-old female from the community was walking outside of a multi-unit residence in Swan River when she was shot by someone in a passing vehicle. The female approached a passerby and got them to drive her to the Swan Valley Health Centre.
A white SUV was seen in the area and police believed it was involved in the incident. Police located the SUV and determined the female registered owner of the vehicle was not involved. However, evidence that a firearm was used was located inside the vehicle, and the vehicle was seized.
Officers continue to look for information about the shooting, but do not believe this was a random incident.
The victim was treated and released from hospital.
If you have information, please call Swan River RCMP at 204-734-4686, Crime Stoppers anonymously at 1-800-222-8477, or secure tip online at www.manitobacrimestoppers.com.
The Minister of Energy and Natural Resources, the Honourable Jonathan Wilkinson, along with the Honourable Josie Osborne, British Columbia Minister of Energy, Mines and Low Carbon Innovation, and the Honourable Ranj Pillai, Yukon Premier, announced conditionally approved investments of up to $60 million in two critical minerals infrastructure projects in British Columbia’s Golden Triangle and Yukon. The funding would come from the Critical Minerals Infrastructure Fund (CMIF).
September 20, 2024 Vancouver, British Columbia Natural Resources Canada
Investments in critical minerals infrastructure are needed to ensure Canada seizes the unique opportunity presented by the shift to a low-carbon economy and capitalizes on its rich mineral resources. The country is well positioned to be a global leader and leading producer of a wide range of critical minerals that are essential to fueling the clean economy, and in doing so, create good jobs and economic opportunities across the critical minerals value chain – from upstream exploration and extraction to downstream processing, manufacturing and recycling.
The Minister of Energy and Natural Resources, the Honourable Jonathan Wilkinson, together with the Honourable Josie Osborne, British Columbia Minister of Energy, Mines and Low Carbon Innovation, and the Honourable Ranj Pillai, Premier of Yukon, today announced, subject to a final due diligence review by Natural Resources Canada, funding of up to $60 million for two critical minerals infrastructure projects in British Columbia’s Golden Triangle and Yukon. The funding would come from the Critical Minerals Infrastructure Fund (CMIF).
Galore Creek Mining Corporation (Galore Creek) plans to build a 43-kilometre access road to facilitate the development of its copper mine in Tahltan territory in northwestern British Columbia. The Galore Creek deposit contains over 12 billion pounds of copper. Once operational, the mine will significantly increase Canada’s annual supply of the metal. Construction of the access road would connect the mine project to existing road infrastructure, providing overland access to the proposed mill and processing facilities, and creating a transmission corridor for the mine to tap into BC Hydro’s low-emission electricity grid. Road improvements are essential to advancing critical mineral development in northwestern British Columbia, in partnership with First Nations. Subject to final due diligence, Natural Resources Canada has conditionally approved a CMIF investment of up to $20 million for this project.
The Yukon government is seeking to undertake pre-feasibility activities to support a 765-kilometre high-voltage transmission line that would connect the Yukon electricity grid to the North American grid in British Columbia. It includes the development of energy infrastructure in two priority areas for critical mineral development: the Cassiar-Tanana region in Yukon and the Golden Triangle region in British Columbia. The transmission line would support critical mineral production projects such as cobalt, copper, molybdenum, nickel, platinum group metals, tungsten and zinc in Yukon and northern British Columbia. Subject to final due diligence, Natural Resources Canada has conditionally approved an investment of up to $40 million in CMIF funding for this project.
The Critical Minerals Infrastructure Fund is a key program under Canada’s Critical Minerals Strategy that aims to address infrastructure gaps and ensure the sustainable production of critical minerals and the flow of resources to market through transportation, electrification and clean energy infrastructure projects. Further funding decisions on critical minerals infrastructure development projects under the CMIF are expected in the coming months.
These projects, which benefit from close collaboration within the regional tables on energy and resources British Columbia and Yukon, along with the recently announced Northwest British Columbia Highway Corridor Improvement Project, are fundamental initiatives to facilitate the development of critical minerals in the Golden Triangle and Yukon. British Columbia’s Golden Triangle has significant mineral potential and contains approximately 75% of Canada’s known copper reserves. Copper is critical to a variety of industrial processes and is a fundamental component of electrical wires, electronics and renewable energy systems such as solar panels and wind turbines.
Critical minerals are fundamental components of products used in clean energy technologies such as electric vehicles, power transmission lines and batteries. British Columbia and Yukon’s mining sectors provide many of the building blocks for the clean technologies needed to combat climate change and build a clean economy. Across the country, clean energy solutions represent enormous economic opportunities.
Quotes
“These two projects, delivered through the Canadian Critical Minerals Strategy’s flagship program, will help build the infrastructure needed to access and transport our rich critical mineral resources in northern British Columbia and the Yukon. Projects like these accelerate mine construction and allow us to seize this unique opportunity. We need these investments to support critical mineral development in the region, improve community accessibility and safety, and create good mining jobs in British Columbia and the Yukon.”
The Honorable Jonathan Wilkinson
Minister of Energy and Natural Resources
“British Columbia is home to the critical minerals Canada and the world need to build a clean economy. We have a unique opportunity to create good jobs not only in northwest British Columbia, but in communities across the province that supply and service our mining sector. That is why we are working with Canada and First Nations to make the infrastructure improvements needed to unlock billions of dollars of investment in new critical mineral mines like Galore Creek, creating new opportunities for people and communities.”
The Honourable Josie Osborne
British Columbia Minister of Energy, Mines and Low Carbon Innovation
“The Grid Connect project is not just an energy project; it is a transformative initiative for all Yukoners. It will provide clean, affordable and reliable energy that will not only power our homes, but also drive economic and social growth. I thank our partners in British Columbia and the federal government for their collaboration on this important project that will benefit our northern communities. Our government is proud to take this step toward a more sustainable energy future.”
Honourable Ranj Pillai
Premier of Yukon
“This project will connect Canada’s two westernmost territories and help integrate Yukon’s electricity grid with North America. It marks an important step in our shared journey to create a more connected and resilient energy landscape for Yukoners, while reducing greenhouse gas emissions. My sincere thanks to all those whose hard work and dedication made this goal a reality. I look forward to seeing how this progress will clean up Yukon’s energy, help protect our incredible natural landscapes, and create opportunities for economic growth.”
The Honourable John Streicker
Yukon Minister of Energy, Mines and Resources
“We would like to thank Minister Wilkinson and the Government of Canada for their contributions to the development of the Galore Creek Mine and, by extension, Canada’s critical minerals industry. Canada’s support for the Galore Creek Mine demonstrates confidence in our project, our owners, our relationship with the Tahltan Nation, and our commitment to responsibly developing a world-class copper-gold mine.”
Rob Mean
Managing Director, Galore Creek Mining Corporation
“The Galore Creek mine has the potential to significantly increase Canadian production of the copper needed to support the energy transition and global development, creating jobs and economic activity, which aligns with Teck’s goal as a Canadian metals company enabling the energy transition. This investment by the Government of Canada will support the development of the infrastructure needed to advance critical mineral projects and strengthen the country’s mining sector.”
Jonathan Price
President and CEO, Teck Resources Limited
“Newmont is an equal partner in the Galore Creek project with Teck Resources. The Galore Creek mine is Canada’s largest non-developed copper project and could play a critical role in the transition to a low-carbon economy. Global demand for copper is exploding, and we are facing a shortage that underscores the importance of the project. The investment in a critical mine road, made through the Government of Canada’s Critical Minerals Infrastructure Fund, will help unlock the project and unleash the significant critical mineral potential of this region of northwest British Columbia.”
Bernard Wessels
General Manager, North America, Newmont Corporation
Quick Facts
Canada has developed its own critical minerals strategy with the aim of promoting the development of these resources and related value chains to contribute to the transition to a low-carbon economy and support advanced manufacturing and technologies.
supporting economic growth, competitiveness and job creation; promoting climate action and strong environmental stewardship; strengthening global security and partnerships with allies; advancing reconciliation with Indigenous peoples; and fostering a diverse and inclusive workforce and communities.
Canada’s whole-of-government approach to critical minerals development is collaborative, forward-looking, iterative, adaptive and long-term. The initiatives outlined in the Strategy will be implemented and refined in collaboration with provinces, territories, Indigenous peoples, industry and other partners in Canada and internationally.
The FIMC is a flagship program of the Strategy that supports transportation and clean energy infrastructure projects needed to increase Canada’s supply of critical minerals from responsible sources.
The FIMC supports a variety of strategic priorities, including: decarbonizing mining industry operations, strengthening supply chains through the deployment of transportation infrastructure, and advancing economic reconciliation by supporting the participation of Indigenous peoples in critical infrastructure and mineral projects.
The federal government also supports the development of Canada’s abundant critical mineral resources through regional tables on energy and resources of Natural Resources Canada. These regional tables are joint partnerships established with each provincial and territorial government that, in collaboration with Indigenous partners and with input from key stakeholders, seek to identify and accelerate the achievement of shared economic priorities for a low-carbon future in the energy and resource sectors.
Five individuals have been arrested following an Alert Ready that was issued for the Moncton and Shediac areas, in N.B., while police were searching for an armed individual.
At approximately 1 p.m., on September 20, 2024, the Codiac Regional RCMP was dispatched to a report of an individual brandishing a firearm near Moncton High School, in Moncton. When police arrived, they were able to quickly identify a 15-year-old suspect.
Upon further investigation, and in the interest of public and student safety, the New Brunswick RCMP issued an Alert Ready message at 2:48 p.m. Police were searching for a person travelling in a grey Dodge Caravan in the Moncton area, after last being seen near Moncton High School. Police provided a photo and of the suspect and vehicle. The public was asked to not approach and to call 911 immediately if they saw the vehicle or an individual associated with the vehicle.
At approximately 3:45 p.m., five individuals were located and arrested, including the 15-year-old suspect in the Long Creek area, near Codys. The Dodge Caravan that was involved in the incident, was seized and will be towed to a secure location. The New Brunswick RCMP ended the Alert Ready a short time after the arrests.
The public can expect an increased police presence in the Long Creek and Codys areas as part of the ongoing RCMP investigation.
Members of the New Brunswick RCMP’s Air Services, Emergency Response Team, Police Dog Services, Caledonia Region and Codiac Regional general duty members all played significant roles arresting these individuals.
If you have information regarding this incident that could help further the investigation, please contact the Codiac Regional RCMP at 1-506-857-2400. Information can also be provided anonymously through Crime Stoppers at 1-800-222-TIPS (8477), by downloading the secure P3 Mobile App, or by Secure Web Tips atwww.crimenb.ca.
The New Brunswick RCMP would like to thank the public for their support, assistance and cooperation during this incident.
Source: United States Department of Justice Criminal Division
A federal jury convicted Ruben Oseguera-Gonzalez, also known as El Menchito, today of conspiring to distribute five kilograms or more of cocaine and 500 grams or more of methamphetamine while knowing and intending that they would be imported into the United States, and using, carrying, and brandishing firearms, including destructive devices, in furtherance of the drug trafficking conspiracy, following a two-week jury trial in U.S. District Court for the District of Columbia.
According to court documents and evidence presented at trial, between 2007 and 2017, Oseguera-Gonzalez, 34, led an international drug trafficking organization responsible for importing large quantities of methamphetamine and cocaine from Mexico into the United States. Oseguera-Gonzalez was the second in command of the Cartel de Jalisco Nueva Generación (CJNG), which is based in the State of Jalisco in Mexico. The CJNG is one of the most dangerous drug cartels in Mexico. Oseguera-Gonzalez personally used firearms, destructive devices, murder, and kidnapping to control the drug trafficking organization. Oseguera-Gonzalez also ordered his subordinates to shoot down a Mexican military helicopter so that he could escape capture by Mexican law enforcement.
“El Menchito led the Jalisco Cartel’s efforts to use murder, kidnapping, and torture to build the Cartel into a self-described ‘empire’ by manufacturing fentanyl and flooding the United States with massive quantities of lethal drugs. Today, fentanyl is the deadliest drug threat the United States has ever faced,” said Attorney General Merrick B. Garland. “El Menchito now joins the growing list of high-ranking Cartel leaders that the Justice Department has convicted in an American courtroom. We are grateful to our Mexican law enforcement partners for their extensive cooperation and sacrifice in holding accountable leaders of the Jalisco Cartel.”
“Ruben Oseguera-Gonzalez pioneered the manufacturing of fentanyl in Mexico to help build his father’s Jalisco Cartel into one of the world’s most powerful drug syndicates. His crimes caused horrific violence and death in the United States, Mexico, and around the globe,” said Deputy Attorney General Lisa Monaco. “Today’s guilty verdict demonstrates that our prosecutors and agents, working with our Mexican law enforcement partners, will relentlessly pursue justice against the leaders of the drug trafficking organizations who destroy lives and poison our communities.”
“As second-in-command of CJNG, Ruben Oseguera-Gonzalez used extreme violence to traffic massive amounts of methamphetamine and cocaine into the United States,” said Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the Justice Department’s Criminal Division. “His conviction underscores the Criminal Division’s commitment to disrupting and dismantling organizations that manufacture and distribute deadly drugs into our communities. Today’s verdict also sends a powerful message to the cartel leadership: we will work with our domestic and international law enforcement partners to find you and bring you to justice. We are especially grateful to the Mexican authorities for their substantial assistance in this case.”
“Today’s guilty verdict sends a clear message that the DEA will stop at nothing to investigate and dismantle criminal drug networks that threaten the safety and health of the American people,” said Administrator Anne Milgram of the Drug Enforcement Administration (DEA). “As one of the highest-ranking members of the Jalisco Cartel, Oseguera-Gonzalez was responsible for pushing vast quantities of cocaine, methamphetamine, and fentanyl into the United States while engaging in violence, kidnapping, and bribery to build and protect the Jalisco Cartel. I commend the men and women of the DEA Los Angeles Field Division for their outstanding work on this case.”
According to the evidence presented at trial, from 2012 to 2015, Oseguera-Gonzalez oversaw the manufacture of more than three million pounds of methamphetamine in one area of Mexico. In April 2015, Oseguera-Gonzalez personally directed the distribution of over 55,000 pounds of cocaine. According to trial testimony, in October 2013, Oseguera-Gonzalez made plans to “do it big” with counterfeit oxycontin pills—just before the fentanyl epidemic began in the United States. According to witness testimony, the defendant said in 2015 that he was “building an empire with . . . fentanyl.” Oseguera-Gonzalez was arrested by Mexican authorities on local charges in June 2015. He remained detained in Mexico until his extradition to the United States in February 2020. While in prison in Mexico, Oseguera-Gonzalez continued to control the CJNG, negotiating drug transactions and approving the purchase of firearms and destructive devices, including .50 caliber firearms and 40 mm grenades.
Oseguera-Gonzalez personally used extreme violence to grow and control the cartel. For example, when five men owed Oseguera-Gonzalez money for drugs in the United States, Oseguera-Gonzalez violently killed all five men. On another occasion, the defendant shot one of his drivers in the head a close range. In an intercepted message, Oseguera-Gonzalez also described having 13 people tied up—one of whom he decided to release only after the man agreed to make fentanyl pills for Oseguera-Gonzalez.
Oseguera-Gonzalez also amassed an arsenal of weapons. His hitmen, which he called the Special Forces of the High Command, used the weapons to protect him and help him escape capture by Mexican authorities. For example, on May 1, 2015, the defendant’s hitmen—acting on Oseguera-Gonzalez’s personal orders—shot down a Mexican armed forces helicopter while 18 soldiers and police were on board. At least nine people on board the helicopter died as a result of Oseguera-Gonzalez’s order. Oseguera-Gonzalez’s men used an Iranian-made rocket-propelled grenade and a .50 caliber belt-fed firearm to shoot down the helicopter. Both weapons were painted with “CJNG” and a pixel camouflage pattern unique to Oseguera-Gonzalez’s hitmen.
Less than two months after escaping capture, Oseguera-Gonzalez was arrested in Jalisco, Mexico. When he was surrounded by soldiers and police, he brandished an assault weapon and grenade launcher, demanding to be released because he was a member of the CJNG. The weapon Oseguera-Gonzalez used to threaten police bore the same pixel camouflage pattern and was emblazoned with CJNG and Oseguera-Gonzalez’s nicknames: Menchito, 02, and Jr.
Oseguera-Gonzalez faces a mandatory minimum penalty of 40 years in prison and a statutory maximum penalty of life plus 30 years in prison. A sentencing hearing is scheduled for Jan. 10, 2025. A federal district court judge will determine the sentence after considering the U.S. Sentencing Guidelines and other statutory factors.
The DEA Los Angeles Field Division investigated the case with the assistance of the U.S. Marshals Service. The Justice Department’s Office of International Affairs provided critical assistance in securing the extradition of Oseguera-Gonzalez and in obtaining important evidence for the trial. The Criminal Division’s Office of Enforcement Operations provided significant assistance. The Justice Department thanks Mexican authorities for their assistance in securing the extradition of Oseguera-Gonzalez and in securing evidence and testimony presented in court.
Acting Deputy Chief Kaitlin Sahni and Trial Attorneys Kate Naseef, Jonathan R. Hornok, and Lernik Begian of the Criminal Division’s Narcotic and Dangerous Drug Section are prosecuting the case.
This effort is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) operation. OCDETF identifies, disrupts, and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach. Additional information about the OCDETF Program can be found at www.justice.gov/OCDETF.
Longevity Biomedical, Inc. is focused on developing and acquiring new technologies spanning therapeutics, health monitoring and digital health solutions to become a leading provider of longevity-related products and services designed to increase the health span for the rapidly growing global aging population.
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Late-stage, diversified pipeline of therapeutic candidates across ophthalmology, cardiovascular disease and soft tissue reconstruction and repair.
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Near-term clinical milestones include Phase 3 start for LBI-201 for Ischemic stroke, Phase 2 data for LBI-101 for soft-tissue reconstruction, and Phase 2 start for LBI-001 in retinal vein occlusion.
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Seasoned management team of medtech and biopharmaceutical veterans with track record of acquiring, developing, and commercializing novel technologies.
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Post-combination company to list on Nasdaq under ticker symbol “LBIO.”
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Business combination expected to close in Q4 2024.
New York, Sept. 20, 2024 (GLOBE NEWSWIRE) — Longevity Biomedical, Inc. (“Longevity” or “Longevity Biomedical”), a biopharmaceutical company focused on advancing new technologies across therapeutics, health monitoring, and digital health solutions to increase human health span, and FutureTech II Acquisition Corp. (“FutureTech”) (NASDAQ: FTII), a publicly traded special purpose acquisition company (“SPAC”), announced today that they have entered into a definitive business combination agreement (the “BCA”) on September 16, 2024. Upon the closing of the transaction pursuant to the BCA, the combined company (the “Combined Company”) will operate as Longevity Biomedical, Inc. and is expected to list on Nasdaq under the ticker symbol “LBIO.”
Despite the rapid pace of the global population aging, Longevity Biomedical believes the current market for longevity-related products and services is fragmented and that, particularly as it relates to low- and middle-income countries, it is difficult for healthcare consumers to find and purchase the products, technologies and services to address their individual aging needs. To address this unmet need, Longevity Biomedical aims to become a consolidator and leading provider of advanced therapeutic, health monitoring and digital health technologies designed to restore tissue form and function and increase health span for the rapidly growing aging population. To achieve this goal, Longevity intends to build on its existing platform of diversified, late-stage technologies by leveraging its seasoned executive team to continue acquiring first-in-class technologies, products and services that address the growing market of age-related diseases and conditions. Longevity has established an existing pipeline of late-stage, diversified therapeutic candidates addressing cardiovascular disease, ophthalmology and soft tissue reconstruction and repair through the proposed acquisitions of the following technologies:
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LBI-201 is a non-invasive ultrasonic device being investigated for treatment of ischemic stroke, the second leading cause of death worldwide. It is designed for rapid, convenient delivery of transcranial ultrasound in combination with conventional thrombolytic drug therapy to increase restoration of blood flow in stroke patients with large vessel occlusions that do not have immediate access to thrombectomy facilities and services. Previous clinical studies have demonstrated a nearly two-fold increase in complete vessel recanalization compared to thrombolytic drug therapy alone.
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LBI-001 combines intravenous administration of microspheres with non-invasive ultrasound as a potential treatment of retinal vein occlusion, one of the most common causes of retinal blindness worldwide. LBI-001 Phase 1 clinical results provided favorable safety data and demonstrated improvements in key visual measurements.
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LBI-101 is an off-the-shelf allogenic tissue biomaterial that has completed enrollment in a Phase 2 clinical study for permanent reconstruction of soft tissue affected by aging, traumatic injuries, and surgical procedures. The injectable application is designed to stimulate tissue repair and regeneration. Clinical studies of LBI-101 have demonstrated initial safety, biocompatibility, and new tissue formation without scarring typically associated with injections.
In addition to these clinical stage technologies, Longevity will have, upon the closing of the transactions contemplated by the C&E Agreements {described below}, a pipeline of preclinical stage indications across its initial therapeutic areas of focus. Longevity also plans to seek to acquire additional cutting-edge health technologies in the areas of health monitoring and digital health solutions.
“Longevity Biomedical is dedicated to advancing science-driven solutions to improve human health. This business combination will provide the platform to advance cutting-edge technologies spanning multiple areas of unmet medical need for the aging population,” said Bradford A. Zakes, Chief Executive Officer of Longevity Biomedical. “The proceeds from this transaction will allow Longevity to reach significant clinical development milestones for our leading technologies that have demonstrated successful results in clinical studies. In addition, Longevity will retain an opportunistic, visionary approach to future health advancements in the areas of health monitoring and digital health solutions.”
“Longevity is known for developing therapeutic solutions and digital health technologies that are focused on addressing unmet medical needs particularly focused on the aging population,” said Mr. Ray Chen, Chief Executive Officer of FutureTech. “FutureTech is excited to partner with Longevity’s experienced leadership team to accelerate its clinical development pipeline to expand its impact in the healthcare industry.”
Transaction Overview
The estimated cash proceeds available to the Combined Company from the transaction consists of FutureTech’s $26.8 million of cash held in trust. The proceeds will be used to achieve key development milestones related to Longevity’s clinical stage assets.
The Combined Company may seek a pre-transaction PIPE that is expected to close concurrently with the closing of the transaction.
Longevity has entered into Contribution and Exchange Agreements (collectively and as amended, the “C&E Agreements”) with each of Cerevast Medical, Inc., a Delaware corporation, and Aegeria Soft Tissue, LLC, a Delaware limited liability company (collectively, the “Targets”), pursuant to which, immediately prior to the closing of the proposed transaction between Longevity and FutureTech under the BCA, Longevity will acquire all of the issued and outstanding equity securities of each of the Targets from the current equity holders in exchange for shares of common stock of Longevity. The Targets are developing the therapeutic candidates across ophthalmology, cardiovascular disease and soft tissue reconstruction and repair as described above. As a result of the transactions contemplated by the C&E Agreements, each of the Targets will be a wholly-owned, indirect subsidiary of the Combined Company upon the closing of the transactions contemplated by the BCA.
The existing stockholder of Longevity and the board of directors of each of FutureTech and Longevity unanimously approved the transaction, which is expected to close in Q4 2024. The transaction will require the approval of the stockholders of FutureTech and Longevity and is subject to other customary closing conditions including the receipt of certain SEC regulatory approvals.
Additional information about the proposed transaction, including a copy of the BCA, will be provided in a Current Report on Form 8-K to be filed by FutureTech with the SEC and available at www.sec.gov.
Advisors
Moses & Singer LLP is acting as legal advisor to FutureTech. Nelson Mullins Riley & Scarborough LLP is acting as legal advisor to Longevity.
About Longevity
Longevity Biomedical is a biopharmaceutical company focused on advancing technologies across therapeutics, health monitoring and digital health solutions to restore tissue form and function in order to increase and improve health span. Longevity’s mission is to become a consolidator and a leading provider of products and services designed to help people live longer, healthier lives. Longevity is acquiring a differentiated therapeutic pipeline of late-stage clinical technologies across ophthalmology, cardiovascular disease and soft tissue reconstruction and repair. Building on this platform, Longevity intends to acquire and/or partner with other health technology companies to become a leading provider of products and services designed to increase and improve health span amongst the rapidly growing aging patient population. Longevity is led by a team of industry experts and scientific advisors with significant experience acquiring, developing and commercializing cutting-edge health technologies. Longevity is headquartered in Bothell, Washington.
About FutureTech
FutureTech Capital Acquisition Corp. is a blank check company incorporated as a Delaware corporation for the purpose of effecting a business combination, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities.
Additional Information and Where to Find It
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the U.S. Securities Exchange Act of 1934 (“Exchange Act”) that are based on beliefs and assumptions and on information currently available to FutureTech and Longevity. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” “target,” “seek” or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including projections of market opportunity and market share, the capability of Longevity’s business plans and the Combined Company’s business plans including their plans to expand, the sources and uses of cash from the proposed transaction, the anticipated enterprise value of the Combined Company following the consummation of the proposed transaction, any benefits of Longevity’s partnerships, strategies or plans as they relate to the proposed transaction, anticipated benefits of the proposed transaction and expectations related to the terms and timing of the proposed transaction are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Although each of FutureTech and Longevity believes that it has a reasonable basis for each forward-looking statement contained in this communication, each of FutureTech and Longevity caution you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. In addition, there will be risks and uncertainties described in the proxy statement/prospectus included in the registration statement on Form S-4 relating to the proposed transaction, which is expected to be filed by FutureTech with the SEC, and described in other documents filed by FutureTech or Longevity from time to time with the SEC. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Neither FutureTech nor Longevity can assure you that the forward-looking statements in this communication will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, the ability to complete the business combination due to the failure to obtain approval from FutureTech’s stockholders or satisfy other closing conditions in the BCA, the occurrence of any event that could give rise to the termination of the BCA, the ability to recognize the anticipated benefits of the business combination, the amount of redemption requests made by FutureTech’s public stockholders, costs related to the transaction, the risk that the transaction disrupts current plans and operations as a result of the announcement and consummation of the transaction, the outcome of any potential litigation, government or regulatory proceedings and other risks and uncertainties, including those to be included under the heading “Risk Factors” in the final prospectus for FutureTech’s initial public offering filed with the SEC on February 14, 2022 and in its subsequent quarterly reports on Form 10-Q and other filings with the SEC. There may be additional risks that neither FutureTech nor Longevity currently know or that FutureTech and Longevity currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by FutureTech, Longevity, their respective directors, officers or employees or any other person that FutureTech and Longevity will achieve their objectives and plans in any specified time frame, or at all. The forward-looking statements in this press release represent the views of FutureTech and Longevity as of the date of this communication. Subsequent events and developments may cause those views to change. However, while FutureTech and Longevity may update these forward-looking statements in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of FutureTech or Longevity as of any date subsequent to the date of this communication.
No Offer or Solicitation
This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and does not constitute an offer to sell or a solicitation of an offer to buy any securities of FutureTech or Longevity, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.
Important Additional Information Regarding the Transaction Will Be Filed With the SEC
In connection with the proposed business combination, a registration statement on Form S-4 is expected to be filed with the SEC containing a preliminary proxy statement and a preliminary prospectus, and after the registration statement is declared effective, FutureTech will mail a definitive proxy statement/prospectus relating to the proposed business combination to its stockholders and Longevity’s stockholders. This press release does not contain all the information that should be considered concerning the proposed business combination and is not intended to form the basis of any investment decision or any other decision in respect of the business combination. FutureTech’s stockholders and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus and the amendments thereto and the definitive proxy statement/prospectus and other documents filed in connection with the proposed business combination, as these materials will contain important information about Longevity, FutureTech and the proposed business combination. When available, the definitive proxy statement/prospectus and other relevant materials for the proposed business combination will be mailed to stockholders of FutureTech as of a record date to be established for voting on the proposed business combination. Such stockholders will also be able to obtain copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus and other documents filed with the SEC, without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to FutureTech II Acquisition Corp., 128 Gail Drive, New Rochelle, New York 10085, telephone number (914) 316-4805, Attention: Ray Chen, President and Chief Executive Officer.
Participants in the Solicitation
FutureTech and Longevity and their respective directors, executive officers, other members of management, and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of FutureTech’s stockholders in connection with the proposed transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of FutureTech’s stockholders in connection with the proposed business combination will be set forth in a registration statement on Form S-4, including a proxy statement/prospectus, when it is filed with the SEC.
Investors and security holders may obtain more detailed information regarding the names and interests in the proposed transaction of FutureTech’s directors and officers in FutureTech’s filings with the SEC and such information will also be in the registration statement to be filed with the SEC, which will include the proxy statement/prospectus of FutureTech for the proposed transaction.
The investment portfolio of Octopus AIM VCT plc (the “Company”) as at 20 September 2024 is as follows (the valuations being the unaudited valuations, at bid price, as at 31 July 2024):
PortfolioCompany
Sector
Book cost (£’000)
Movement in valuation (£’000)
Fair Value (£’000)
Breedon Group plc
Construction & Building
859
5,316
6,175
Hasgrove plc1
Unquoted Investment
88
5,666
5,754
Judges Scientific plc
Electronic & Electrical
256
3,737
3,993
Learning Technologies Group plc
Support Services
1,051
2,288
3,339
Popsa Holdings Ltd1
Unquoted Investment
1,590
1,596
3,186
Craneware plc
Software & Computer Services
183
2,964
3,147
Mattioli Woods plc
Specialty & Other Finance
529
2,599
3,128
Brooks Macdonald Group plc
Specialty & Other Finance
746
2,287
3,033
IDOX plc
Software & Computer Services
353
2,622
2,975
GB Group plc
Software & Computer Services
505
2,360
2,865
Netcall plc
Telecommunication Services
308
2,445
2,753
Intelligent Ultrasound Group plc
Engineering & Machinery
2,156
49
2,205
PCI-Pal plc
Software & Computer Services
1,294
909
2,203
Equipmake Holdings plc
Electronic & Electrical
2,121
41
2,162
Beeks Financial Cloud Group plc
Software & Computer Services
450
1,676
2,126
Vertu Motors plc
General Retailers
1,265
639
1,904
Next Fifteen Communications Group plc
Media & Entertainment
453
1,402
1,855
Maxcyte Inc
Pharmaceuticals & Biotech
1,035
694
1,729
Diaceutics plc
Pharmaceuticals & Biotech
930
648
1,578
Animalcare Group plc
Food Producers & Processors
306
1,224
1,530
SDI Group plc
Electronic & Electrical
179.00
1,249
1,428
Pulsar Group plc
Software & Computer Services
678
515
1,193
EKF Diagnostics Holdings plc
Health
767
413
1,180
Abingdon Health plc
Medical Equipment and Services
1,615
(467)
1,148
GENinCode plc
Medical Equipment and Services
2,001
(876)
1,125
Gamma Communications plc
Telecommunication Services
274
789
1,063
Itaconix plc
Industrial
1,588
(529)
1,059
Eden Research plc
Industrial
1,620
(573)
1,047
Sosandar plc
General Retailers
1,853
(806)
1,047
Verici Dx plc
Pharmaceuticals & Biotech
1,551
(587)
964
Nexteq plc
Technology Hardware
507
429
936
Strip Tinning Holdings plc Loan Notes
Electronic & Electrical
900
–
900
Cambridge Cognition Holdings plc
Health
1,075
(216)
859
Haydale Graphene Industries plc
Chemicals
1,857
(1,025)
832
Gear4music Holdings plc
General Retailers
529
148
677
TPXimpact Holdings plc
Support Services
979
(317)
662
Oberon Investments Group plc
Investment Banking & Brokerage Services
864
(220)
644
Cranswick plc
Food Producers & Processors
606
37
643
Ricardo
Construction & Building
602
33
635
Wise
Industrial
606
7
613
Feedback plc
Software & Computer Services
1,500
(896)
604
GSK plc
Pharmaceuticals & Biotech
603
(32)
571
Ilika
Electronic & Electrical
1,058
(509)
549
DP Poland plc
Leisure & Hotels
1,016
(519)
497
Restore plc
Support Services
256
233
489
Gooch & Housego plc
Electronic & Electrical
422
60
482
RWS Holdings plc
Support Services
143
316
459
MyCelx Technologies Corporation
Oil Services
1,470
(1,014)
456
Bytes Technology Group plc
Software & Computer Services
489
(42)
447
Mears Group plc
Support Services
139
304
443
Advanced Medical Solutions Group plc
Health
284
148
432
Velocity Composites plc
Engineering & Machinery
799
(404)
395
Creo Medical Group plc
Pharmaceuticals & Biotech
1,471
(1,118)
353
Northcoders Group plc
Software & Computer Services
380
(63)
317
Alusid Limited1
Unquoted Investment
300
–
300
Crimson Tide plc
Software & Computer Services
567
(283)
284
JTC plc
Investment Banking & Brokerage Services
248
36
284
Ixico plc
Health
1,046
(794)
252
Rosslyn Data Technologies plc
Software & Computer Services
969
(759)
210
Tan Delta Systems plc
Electronic & Electrical
453
(252)
201
Libertine holdings plc
Industrial Engineering
3,000
(2,805)
195
Gelion plc
Electronic & Electrical
1,140
(951)
189
Rosslyn Data Technologies plc (convertible loan)
Software & Computer Services
180
–
180
ENGAGE XR Holdings
Software & Computer Services
1,879
(1,709)
170
KRM22 plc
Software & Computer Services
681
(511)
170
LungLife AI Inc
Pharmaceuticals & Biotech
2,079
(1,925)
154
Staffline Group plc
Industrial Support Services
334
(192)
142
Strip Tinning Holdings plc
Electronic & Electrical
506
(397)
109
XP Factory plc
Leisure & Hotels
988
(882)
106
TheraCryf plc
Pharmaceuticals, Biotechnology and Marijuana Producers
1,050
(952)
98
Enteq technologies plc
Oil Services
1,032
(960)
72
1Spatial plc
Support Services
300
(235)
65
DXS International plc
Software & Computer Services
300
(255)
45
Fusion Antibodies plc
Pharmaceuticals & Biotech
745
(717)
28
Tasty plc
Leisure & Hotels
516
(498)
18
Genedrive Plc
Pharmaceuticals & Biotech
217
(206)
11
Trackwise Designs plc
Electronic & Electrical
1,934
(1,934)
–
Cloudified Holdings Limited
Software & Computer Services
900
(900)
–
Airnow plc1
Unquoted Investment
1,257
(1,257)
–
Microsaic Systems plc
Engineering & Machinery
1,384
(1,384)
–
Rated People Ltd1
Unquoted Investment
354
(354)
–
ReNeuron Group plc
Pharmaceuticals & Biotech
1,485
(1,485)
–
Sorted Group Holdings Plc
Software & Computer Services
763
(763)
–
The British Honey Company plc
General Retailers
1,321
(1,321)
–
The Food Marketplace Ltd1
Retailers
300
(300)
–
Eluceda Limited1
Pharmaceuticals & Biotech
300
(300)
–
Since 31 July 2024 Octopus AIM VCT plc has made £1.2 million investments and £0.1 million disposals.
Unless otherwise stated, all the investments set out above:
– are not quoted on regulated markets; – represent equity investments except in the case of Osirium which include investment through loan stock; and – are in portfolio companies incorporated in the UK with the exception of:
Cloudified Holdings Limited – British Virgin Islands ENGAGE XR Holdings plc – Republic of Ireland JTC plc – Jersey LungLife AI Inc – USA MyCelx Technologies Corporation – USA Breedon Group plc – Jersey MaxCyte Inc – USA
1 Denotes unlisted company
Current Asset Investments (unaudited)
Portfolio Company
Book cost (£’000)
Fair Value (£’000)
FP Octopus Microcap Growth Fund
7,518
9,233
FP Octopus Multi Cap Income Fund
4,051
5,027
FP Octopus Future Generations Fund
1,878
1,907
JPMorgan Sterling Liquidity Fund
9,000
9,000
BlackRock ICS Sterling Liquidity Fund
9,046
9,046
HSBC Sterling Liquidity Fund
9,040
9,040
Since 31 July 2024 there has been no investments or disposals from the current asset investments.
The capitalisation of Octopus AIM VCT plc as at 31 July 2024 was as follows:
Shareholders’ Equity
£’000s
Called up Equity Share Capital
2,018
Legal reserves
18,065
Other reserves
96,300
Total
116,383
There has been no material change to the capitalisation since 31 July 2024.
TORONTO, Sept. 20, 2024 (GLOBE NEWSWIRE) — Ninepoint Partners LP (“Ninepoint Partners”) today announced the estimated September 2024 cash distribution for the ETF Series of Ninepoint Cash Management Fund (the “Fund”). Ninepoint Partners expects to issue a press release on or about September 26, 2024, which will provide the final distribution rate. The record date for the cash distribution is September 27, 2024, payable on October 7, 2024.
All estimates in this document are based on the accounting data as of September 20, 2024. Due to subscriptions and/or redemptions and/or other factors, the final September 2024 distribution may differ from these estimates and the difference could be material. The information included in this letter is for reference purposes only. Please reconcile all information against your official client statements. This is not intended to be a statement for official tax reporting purposes or any form of tax advice.
The actual taxable amounts of distributions for 2024, including the tax characteristics of the distributions, will be reported to CDS Clearing and Depository Services Inc. in early 2025. Securityholders can contact their brokerage firm for this information.
The per-unit estimated September distribution is detailed below:
Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies including Alternative Income and Real Assets, in addition to North American and Global Equities.
For more information on Ninepoint Partners LP, please visit www.ninepoint.com or please contact us at 416.362.7172 or 1.888.362.7172 or invest@ninepoint.com.
Ninepoint Partners LP is the investment manager to the Ninepoint Funds (collectively, the “Funds”). Commissions, trailing commissions, management fees, performance fees (if any), and other expenses all may be associated with investing in the Funds. Please read the prospectus carefully before investing. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation.
Prospective investors who are not resident in Canada should contact their financial advisor to determine whether securities of the Fund may be lawfully sold in their jurisdiction.
Please note that distribution factors (breakdown between income, capital gains and return of capital) can only be calculated when a fund has reached its year-end. Distribution information should not be relied upon for income tax reporting purposes as this is only a component of total distributions for the year. For accurate distribution amounts
for the purpose of filing an income tax return, please refer to the appropriate T3/T5 slips for that particular taxation year. Please refer to the prospectus or offering memorandum of each Fund for details of the Fund’s distribution policy.
The payment of distributions and distribution breakdown, if applicable, is not guaranteed and may fluctuate. The payment of distributions should not be confused with a Fund’s performance, rate of return, or yield. If distributions paid by the Fund are greater than the performance of the Fund, then an investor’s original investment will shrink. Distributions paid as a result of capital gains realized by a Fund and income and dividends earned by a Fund are taxable in the year they are paid. An investor’s adjusted cost base will be reduced by the amount of any returns of capital. If an investor’s adjusted cost base goes below zero, then capital gains tax will have to be paid on the amount below zero.
NEW YORK, Sept. 20, 2024 (GLOBE NEWSWIRE) — The Board of Trustees of Tidal ETF Trust (the “Trust”) has approved a reverse stock split of the issued and outstanding shares of the SoFi Select 500 ETF (NYSE Arca: SFY) (the “Fund”). The reverse split will take effect after the close of trading on the NYSE Arca, Inc. (the “Exchange”) on October 1, 2024.
Following the reverse stock split, every five shares of the Fund will be consolidated into one share, effectively decreasing the total number of issued and outstanding shares by approximately 80%. The per-share net asset value (NAV) and the opening market price will increase proportionally by five times on the following trading day.
Details of the Reverse Stock Split:
Reverse Split Ratio: 1:5
Approximate Decrease in Total Outstanding Shares: 80%
Additionally, the Fund’s CUSIP number will change as follows, effective after the close of the market on the Effective Date:
Old CUSIP
New CUSIP
886364207
886364173
Impact on Shareholders
The reverse stock split will not alter the overall value of a shareholder’s investment. The value of an investor’s holdings in the Fund remains unchanged, even though the number of shares will decrease, and the per-share price will increase:
Shares of the Fund will begin trading on a split-adjusted basis on the Exchange on October 2, 2024.
Redemption of Fractional Shares and Tax Implications
In cases where shareholders hold fractional shares following the reverse split, the Fund will redeem those fractional shares for cash at the Fund’s split-adjusted NAV on the Effective Date. This redemption could result in tax consequences, with shareholders potentially recognizing gains or losses based on the redemption of fractional shares. However, apart from this, the reverse split will not be a taxable event for shareholders, and no transaction fees will be charged for the redemption of fractional shares.
About Tidal Financial Group
Formed by ETF industry pioneers and thought leaders, Tidal Financial Group set out to revolutionize the way ETFs have historically been developed, launched, managed, marketed, and sold. With a focus on growing AUM, Tidal offers a comprehensive suite of services, proprietary tools, and methodologies designed to bring clients ideas to market. Tidal is an advocate for ETF innovation and is on a mission to provide issuers with the intelligence and tools needed to effectively launch ETFs and optimize growth potential in a highly competitive space. As of September 1, 2024, Tidal managed 172 funds with over $19 billion in AUM.
SoFi’s mission is to empower individuals to achieve financial independence and fulfill their ambitions. Financial independence isn’t just about being wealthy; it’s about having your money work for the life you want to live. Everything SoFi does is focused on helping people take control of their finances. SoFi is always innovating and creating solutions that provide the tools and resources needed for them to reach their goals.
Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus. A prospectus may be obtained by visiting www.sofi.com. Please read the prospectus carefully before you invest.
Investing involves risk including loss of principal. Please visit each fund’s page for specific fund risks.
SoFi ETFs are distributed by Foreside Fund Services, LLC.
SAN DIEGO, Sept. 20, 2024 (GLOBE NEWSWIRE) — iBio, Inc. (NYSEA:IBIO), an AI-driven innovator of precision antibody immunotherapies, today announced its financial results for the fiscal year ended June 30, 2024, and provided a corporate update.
“Our fiscal year 2024 was a transformational year for iBio, as we’ve solidified our business and financial position as a next-generation antibody company with a machine-learning-enabled platform for designing and developing difficult-to-drug therapeutics,” said CEO and Chief Scientific Officer Martin Brenner, Ph.D., DVM. “We made significant progress entering the fast-growing cardiometabolic and obesity space with our collaboration with AstralBio and strengthened our financial position by eliminating our debt associated with the facility and closing a fully subscribed financing including participation from Ikarian Capital, Lynx1 Capital Management, ADAR1 Capital Management, and other institutional and accredited investors. We continued to build our drug discovery platform, adding innovative technologies that are helping to advance our pipeline and provide critical support to our biopharma partners with best-in-class antibody discovery and development projects.”
Business Developments:
Expanded the AI-powered technology stack with the launch of ShieldTx™, a patent-pending antibody masking technology designed to enable specific, highly targeted antibody delivery to diseased tissue without harming healthy tissue.
In February, iBio closed the sale of its early-stage PD-1 asset to Otsuka Pharmaceutical Co., Ltd. for $1MM in upfront cash with contingent downstream payments of up to $52.5MM, a pivotal moment that showcased the power of iBio’s platform to discover best-in-class assets.
Added bispecific capabilities with its EngageTx™ technology. We advanced a Trop2 x CD3 molecule to clinical candidate selection stage by demonstrating in a humanized mouse model of squamous cell carcinoma, a significant 36 percent reduction in tumor size 14 days after tumor implantation and after a single dose. Additionally, we leveraged our EngageTx technology and Epitope Steering technology to successfully develop multiple MUC16 x CD3 molecules, which show potent cell killing against ovarian cancer cells.
Entered into a collaboration with AstralBio, Inc. to provide an exclusive license in the cardiometabolic and obesity space. iBio will develop four targets of interest with rights to license up to three of these targets prior to entering the clinic.
Corporate Developments:
At the Company’s Special Meeting of Stockholders held on November 27, 2023, iBio’s stockholders authorized a reverse stock split, with a ratio ranging from 1-for-5 to 1-for-20 (the “Range”), with the ratio within such Range to be determined at the discretion of the Board of Directors (the “Board”), and thereafter the Board approved a one for twenty (1-for-20) reverse stock split of the Company’s shares of common stock. The reverse stock split was effective November 29, 2023.
Entered into a best-efforts public offering with investors in the fiscal second quarter for gross proceeds of approximately $4.5MM before deducting placement agent fees and offering expenses
Entered into a securities purchase agreement for a private investment in public equity financing with several institutional investors and an accredited investor in the fiscal third quarter and consummated the financing in the fiscal fourth quarter for gross proceeds of approximately $15.0MM before deducting placement agent fees and offering expenses.
During the third and fourth quarters, strengthened the Company’s cash position after previously issued warrants were exercised for proceeds of approximately $4.5MM.
The Company closed the sale of its manufacturing facility located in Bryan, Texas (the “Property”) to the Board of Regents of the Texas A&M University System for $8.5MM. Following the issuance of pre-funded warrants having a value of $4.5MM to the lender, Woodforest National Bank, iBio and its wholly owned subsidiary, iBio CDMO LLC, satisfied all of the conditions of the settlement agreement releasing the Company and its subsidiary of all obligations with respect to the debt secured by the Property, which coupled with the release of approximately $915K in restricted cash previously held by Woodforest, eliminated approximately $13.2MM in secured debt from the Company’s balance sheet.
Strengthened its Board of Directors and executive leadership team through the appointments of Dr. Brenner to the Board of Directors, effective June 1, 2024, and Kristi Sarno as Senior Vice President, Business Development, effective August 8, 2024.
“We ended this fiscal year well-positioned to advance our technology to drive value for patients and shareholders,” said Chief Financial Officer Felipe Duran. “We strengthened our balance sheet through capital raises and debt extinguishment. In fiscal year 2024, we executed transactions which brought in non-dilutive funding, and we continue to pursue business development projects to strengthen our financial position.”
Financial Results:
Revenues for the fiscal year ended June 30, 2024, were approximately $0.2 million, an increase of 100% over fiscal 2023.
R&D and G&A expenses for fiscal 2024 decreased $5.1 million and $7.3 million, respectively, over the comparable period in fiscal 2023. The decrease in R&D and G&A reflects the Company’s cost savings implemented to support its growing investments in its pipeline, platform technologies, employees, and related infrastructure.
iBio’s consolidated net loss for the fiscal year ended June 30, 2024, was $24.9 million, a decreased loss of $40.1 million compared to 2023 primarily because of the decrease in expenses related to the Company’s discontinued operations and cost saving initiatives.
iBio held cash, cash equivalents and restricted cash of $14.4 million as of June 30, 2024.
As disclosed in its Annual Report on Form 10-K for the fiscal year ended June 30, 2024, which was filed on September 20, 2024 with the Securities and Exchange Commission, the audited financial statements contained an audit opinion from its registered public accounting firm that includes an explanatory paragraph related to the Company’s ability to continue as a going concern. See further discussion in footnote 2 to the Company’s financial statements included in the Company’s Annual Report on Form 10-K. This announcement is made pursuant to NYSE American LLC Company Guide Sections 401(h) and 610(b), which requires public announcement of the receipt of an audit opinion containing a going concern paragraph.
About iBio, Inc.
iBio is an AI-driven innovator that develops next-generation biopharmaceuticals using computational biology and 3D-modeling of subdominant and conformational epitopes, prospectively enabling the discovery of new antibody treatments for hard-to-target cancers, and other diseases. iBio’s mission is to decrease drug failures, shorten drug development timelines, and open up new frontiers against the most promising targets. For more information, visit www.ibioinc.com.
FORWARD-LOOKING STATEMENTS
Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions and include statements such as ending the fiscal year being well-positioned to advance the Company’s technology to drive value for patients and shareholders; and continuing to pursue business development projects to strengthen the Company’s financial position. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company’s ability to successfully advance its technology and continue to pursue business development projects to strengthen the Company’s financial position; its ability to obtain regulatory approvals for commercialization of its product candidates, or to comply with ongoing regulatory requirements; regulatory limitations relating to its ability to promote or commercialize its product candidates for specific indications; acceptance of its product candidates in the marketplace and the successful development, marketing or sale of products; the continued maintenance and growth of its patent estate; its ability to establish and maintain collaborations and attract and increase partnership opportunities; competition; the substantial doubt exists related to the Company’s ability to operate as a going concern; its ability to raise additional capital in order to fully execute the Company’s longer-term business plans and the other factors discussed in the Company’s filings with the SEC including the Company’s Annual Report on Form 10-K for the year ended June 30, 2024. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
iBio, Inc. and Subsidiaries Consolidated Statements of Operations and Comprehensive Loss (In Thousands, except per share amounts)
Years Ended
June 30,
2024
2023
Revenues
$
225
$
—
Operating expenses:
Research and development
5,185
10,327
General and administrative
11,674
19,016
Total operating expenses
16,859
29,343
Operating loss
(16,634
)
(29,343
)
Other income (expense):
Interest expense
(172
)
(83
)
Interest income
363
213
Loss on sales of debt securities
—
(98
)
Gain on sale of intellectual property
1,000
—
Total other income
1,191
32
Net loss from continuing operations
(15,443
)
(29,311
)
Loss from discontinued operations
(9,464
)
(35,699
)
Net loss
$
(24,907
)
$
(65,010
)
Comprehensive loss:
Consolidated net loss
$
(24,907
)
$
(65,010
)
Other comprehensive loss – unrealized gain on debt securities
—
180
Other comprehensive income – foreign currency adjustment
—
33
Comprehensive loss
$
(24,907
)
$
(64,797
)
Loss per common share attributable to iBio, Inc. stockholders – basic and diluted – continuing operations
$
(4.03
)
$
(47.88
)
Loss per common share attributable to iBio, Inc. stockholders – basic and diluted – discontinued operations
$
(2.47
)
$
(58.31
)
Loss per common share attributable to iBio, Inc. stockholders – basic and diluted – total
$
(6.50
)
$
(106.19
)
Weighted-average common shares outstanding – basic and diluted
3,831
612
iBio, Inc. and Subsidiaries
Consolidated Balance Sheets (In Thousands, except share and per share amounts)
June 30, 2024
June 30, 2023
Assets
Current assets:
Cash and cash equivalents
$
14,210
$
4,301
Restricted cash
—
3,025
Subscription receivable
—
204
Promissory note receivable and accrued interest
713
—
Prepaid expenses and other current assets
749
664
Current assets held for sale (see Note 3 – Discontinued Operations)
—
18,065
Total Current Assets
15,672
26,259
Restricted cash
215
253
Promissory note receivable
1,081
1,706
Finance lease right-of-use assets, net of accumulated amortization
339
610
Operating lease right-of-use asset
2,401
2,722
Fixed assets, net of accumulated depreciation
3,632
4,219
Intangible assets, net of accumulated amortization
5,368
5,388
Security deposits
26
50
Total Assets
$
28,734
$
41,207
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable
$
358
$
1,849
Accrued expenses
2,028
4,561
Finance lease obligations – current portion
299
272
Operating lease obligation – current portion
436
389
Equipment financing payable – current portion
178
160
Term promissory note – current portion
218
—
Insurance premium financing payable
123
—
Term note payable – net of deferred financing costs
—
12,937
Contract liabilities
200
—
Current liabilities related to assets held for sale
—
1,941
Total Current Liabilities
3,840
22,109
Finance lease obligations – net of current portion
53
351
Operating lease obligation – net of current portion
2,688
3,125
Equipment financing payable – net of current portion
63
241
Term promissory note – net of current portion
766
—
Total Liabilities
7,410
25,826
Stockholders’ Equity
Series 2022 Convertible Preferred Stock – $0.001 par value; 1,000,000 shares authorized at June 30, 2024 and June 30, 2023; 0 shares issued and outstanding as of June 30, 2024 and June 30, 2023
—
—
Common stock – $0.001 par value; 275,000,000 shares authorized at June 30, 2024 and June 30, 2023; 8,623,676 and 1,015,505 shares issued and outstanding as of June 30, 2024 and June 30, 2023, respectively
TORONTO, Sept. 20, 2024 (GLOBE NEWSWIRE) — Ninepoint Partners LP (“Ninepoint Partners”) today announced the September 2024 cash distributions for its ETF Series securities. The record date for the distributions is September 27, 2024. All distributions are payable on October 7, 2024.
The per-unit September distributions are detailed below:
About Ninepoint Partners
Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies including Alternative Income and Real Assets, in addition to North American and Global Equities.
For more information on Ninepoint Partners LP, please visit www.ninepoint.com or please contact us at 416.362.7172 or 1.888.362.7172 or invest@ninepoint.com.
Ninepoint Partners LP is the investment manager to the Ninepoint Funds (collectively, the “Funds”). Commissions, trailing commissions, management fees, performance fees (if any), and other expenses all may be associated with investing in the Funds. Please read the prospectus carefully before investing. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada should contact their financial advisor to determine whether securities of the Fund may be lawfully sold in their jurisdiction.
Please note that distribution factors (breakdown between income, capital gains and return of capital) can only be calculated when a fund has reached its year-end. Distribution information should not be relied upon for income tax reporting purposes as this is only a component of total distributions for the year. For accurate distribution amounts for the purpose of filing an income tax return, please refer to the appropriate T3/T5 slips for that particular taxation year. Please refer to the prospectus or offering memorandum of each Fund for details of the Fund’s distribution policy.
The payment of distributions and distribution breakdown, if applicable, is not guaranteed and may fluctuate. The payment of distributions should not be confused with a Fund’s performance, rate of return, or yield. If distributions paid by the Fund are greater than the performance of the Fund, then an investor’s original investment will shrink. Distributions paid as a result of capital gains realized by a Fund and income and dividends earned by a Fund are taxable in the year they are paid. An investor’s adjusted cost base will be reduced by the amount of any returns of
capital. If an investor’s adjusted cost base goes below zero, then capital gains tax will have to be paid on the amount below zero.
MIAMI, FL and KANSAS CITY, KS, Sept. 20, 2024 (GLOBE NEWSWIRE) — Clover Leaf Capital Corp. (Nasdaq: CLOE) (“CLOE” or “Clover Leaf”), a publicly traded special purpose acquisition company, and Digital Ally, Inc. (Nasdaq: DGLY) (“Digital Ally”) today announced that on September 20, 2024, Clover Leaf convened and then adjourned, without conducting other business, its special meeting of its stockholders in lieu of its 2024 Annual Meeting of Stockholders (the “Meeting” ) to 10:00 a.m., Eastern Time on Friday, September 27, 2024. At the meeting, stockholders of Clover Leaf will be asked to vote on proposals to approve, among other things, its proposed initial business combination (the “Business Combination”) with Kustom Entertainment, Inc., a Nevada corporation (“Kustom Entertainment” or the “Company”), pursuant to an Agreement and Plan of Merger (as amended, the “Merger Agreement”), by and among Clover Leaf, CL Merger Sub, Inc., a Nevada corporation and a wholly-owned subsidiary of Clover Leaf (“Merger Sub”), Yntegra Capital Investments LLC, a Delaware limited liability company, in the capacity as the Purchaser Representative (as defined in the Merger Agreement) and Digital Ally, Inc., a Nevada corporation and the sole stockholder of the Company (“Digital Ally”). There is no change to the location, the record date, the purpose or any of the proposals to be acted upon at the Meeting.
As a result of this change, the Meeting will now be held at 10:00 a.m. Eastern Time on Friday, September 27, 2024 via the live webcast at https://www.cstproxy.com/cloverlcc/bc2024. Also as a result of this change, the deadline for holders of Clover Leaf’s Class A common stock issued in Clover Leaf’s initial public offering to submit their shares for redemption in connection with the Business Combination, is being extended to 5:00 p.m. Eastern Time on Wednesday, September 25, 2024. The record date for Clover Leaf’s stockholders to vote in the Meeting remains July 24, 2024.
Clover Leaf plans to continue to solicit proxies from stockholders during the period prior to the Meeting. Only the holders of the Clover Leaf’s common stock as of the close of business on July 24, 2024, the record date for the Meeting, are entitled to vote at the Meeting.
If any Clover Leaf stockholder has any questions or need assistance, such stockholder should (i) reach out to his, her or its broker or (ii) contact Morrow Sodali LLC, Clover Leaf’s proxy solicitor, for assistance via e-mail at CLOE.info or toll-free call at 800-662-5200. Banks and brokers can place a collect call to Morrow Sodali LLC at 203-658-9400 or email at CLOE.info@investor.morrowsodali.com.
About Kustom Entertainment, Inc.
Kustom Entertainment, Inc., a recently formed wholly-owned subsidiary of Digital Ally, will provide oversight to currently wholly-owned subsidiaries TicketSmarter, Kustom 440, and BirdVu Jets.
TicketSmarter offers tickets to more than 125,000 live events ranging from concerts to sports and theatre shows. TicketSmarter is the official ticket resale partner of over 35 collegiate conferences, over 300 universities, and hundreds of events and venues nationally. TicketSmarter is a primary and secondary ticketing solution for events and high-profile venues across North America. For more information on TicketSmarter, visit www.Ticketsmarter.com.
Established in late 2022, Kustom 440 is an entertainment division of Kustom Entertainment, Inc., whose mission it is to attract, manage and promote concerts, sports and private events. Kustom 440 is unique in that it brings a primary and secondary ticketing platform, in addition to its well-established relationships with artists, venues, and municipalities. For more information on Kustom 440, visit www.Kustom440.com.
Kustom Entertainment operates through its wholly-owned subsidiaries TicketSmarter, Inc. (“TicketSmarter”), Kustom 440, Inc. (“Kustom 440”), and BirdVu Jets, Inc. (“BirdVu Jets”). Following the closing of the Business Combination, TicketSmarter, Kustom 440, and BirdVu Jets will combine their management teams and focus on concerts, entertainment and garnering additional ticketing partnerships, as well as using existing sponsorships and sports property partnerships to develop alternative entertainment options for consumers.
About Clover Leaf Capital Corp.
Clover Leaf Capital Corp. is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
This press release contains certain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1955. These forward-looking statements include, without limitation, CLOE’s and Kustom Entertainment’s expectations with respect to the proposed business combination between CLOE and Kustom Entertainment, including statements regarding the benefits of the transaction, the anticipated timing of the transaction, the implied valuation of Kustom Entertainment, the products offered by Kustom Entertainment and the markets in which it operates, and Kustom Entertainment’s projected future results. Words such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside CLOE’s and Kustom Entertainment’s control and are difficult to predict. Factors that may cause actual future events to differ materially from the expected results, include, but are not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of CLOE’s securities, (ii) the risk that the transaction may not be completed by CLOE’s business combination deadline, even if extended by its stockholders, (iii) and the potential failure to obtain an extension of the business combination deadline if sought by Clover Leaf; (iv) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the agreement and plan of merger (“Merger Agreement”) by the stockholders of CLOE, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (vi) the failure to obtain any applicable regulatory approvals required to consummate the business combination; (vii) the receipt of an unsolicited offer from another party for an alternative transaction that could interfere with the business combination, (viii) the effect of the announcement or pendency of the transaction on Kustom Entertainment’s business relationships, performance, and business generally, (ix) the inability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition and the ability of the post-combination company to grow and manage growth profitability and retain its key employees, (x) costs related to the business combination, (xi) the outcome of any legal proceedings that may be instituted against Kustom Entertainment or CLOE following the announcement of the proposed business combination, (xii) the ability to maintain the listing of CLOE’s securities on the Nasdaq prior to the business combination, (xiii) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed business combination, and identify and realize additional opportunities, (xiv) the risk of downturns and the possibility of rapid change in the highly competitive industry in which Kustom Entertainment operates, (xv) the risk that demand for Kustom Entertainment’s services may be decreased due to a decrease in the number of large-scale sporting events, concerts and theater shows, (xvi) the risk that any adverse changes in Kustom Entertainment’s relationships with buyer, sellers and distribution partners may adversely affect the business, financial condition and results of operations, (xvii) the risk that Changes in Internet search engine algorithms and dynamics, or search engine disintermediation, or changes in marketplace rules could have a negative impact on traffic for Kustom Entertainment’s sites and ultimately, its business and results of operations; (xviii) the risk that any decrease in the willingness of artists, teams and promoters to continue to support the secondary ticket market may result in decreased demand for Kustom Entertainment’s services; (xix) the risk that Kustom Entertainment is not able to maintain and enhance its brand and reputation in its marketplace, adversely affecting Kustom Entertainment’s business, financial condition and results of operations, (xx) the risk of the occurrence of extraordinary events, such as terrorist attacks, disease epidemics or pandemics, severe weather events and natural disasters, (xxi) the risk that because Kustom Entertainment’s operations are seasonal and its results of operations vary from quarter to quarter and year over year, its financial performance in certain financial quarters or years may not be indicative of, or comparable to, Kustom Entertainment’s financial performance in subsequent financial quarters or years; (xxii) the risk that periods of rapid growth and expansion could place a significant strain on Kustom Entertainment’s resources, including its employee base, which could negatively impact Kustom Entertainment’s operating results; (xxiii) the risk that Kustom Entertainment may never achieve or sustain profitability; (xxiv) the risk that Kustom Entertainment may need to raise additional capital to execute its business plan, which many not be available on acceptable terms or at all; (xxv) the risk that third-parties suppliers and manufacturers are not able to fully and timely meet their obligations, (xxvi) the risk that Kustom Entertainment is unable to secure or protect its intellectual property, (xxvii) the risk that the post-combination company’s securities will not be approved for listing on Nasdaq or if approved, maintain the listing and (xxviii) other risks and uncertainties indicated from time to time in the proxy statement and/or prospectus relating to the business combination, including those under the “Risk Factors” section therein and in CLOE’s other filings with the SEC. The foregoing list of factors is not exhaustive. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Kustom Entertainment and CLOE assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Important Information and Where to Find It
In connection with the transaction, CLOE has filed the Registration Statement with the SEC, which includes a proxy statement to be distributed to holders of CLOE’s common stock in connection with CLOE’s solicitation of proxies for the vote by CLOE’s stockholders with respect to the transaction and other matters as described in the Registration Statement, as well as a prospectus relating to the offer of the securities to be issued to Kustom Entertainment’s stockholder in connection with the transaction. Before making any voting or investment decision, investors and security holders and other interested parties are urged to read the Registration Statement, any amendments thereto and any other documents filed with the SEC carefully and in their entirety because they contain important information about CLOE, Kustom Entertainment and the transaction. Investors and security holders may obtain free copies of the proxy statement/prospectus and other documents filed with the SEC by CLOE through the website maintained by the SEC at http://www.sec.gov, or by directing a request to: 1450 Brickell Avenue, Suite 2520, Miami, FL 33131.
Participants in Solicitation
CLOE and Kustom Entertainment and their respective directors and certain of their respective executive officers and other members of management and employees may be considered participants in the solicitation of proxies with respect to the transaction. Information about the directors and executive officers of CLOE is set forth in its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 filed with the SEC on March 22, 2024. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, are included in the proxy statement/ prospectus and other relevant materials to be filed with the SEC regarding the transaction. Stockholders, potential investors and other interested persons should read the proxy statement/prospectus carefully before making any voting or investment decisions. These documents can be obtained free of charge from the sources indicated above.
No Offer or Solicitation
This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed business combination. This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended, or an exemption therefrom.
Source: United States House of Representatives – Congresswoman Carol Miller (R-WV)
Washington D.C. – Yesterday, Congresswoman Carol Miller (R-WV) spoke on floor of the House of Representatives to honor her Deputy District Director, Kim McMillion, for her 25 years of service in the House of Representatives.
Remarks as prepared are below.
Mr. Speaker, I rise today to recognize Mrs. Kim McMillion, who serves as my Deputy District Director over my Beckley, West Virginia office. Kim recently celebrated her 25th year working for the House of Representatives.
Throughout her career spanning three different Members, Kim has served the people of West Virginia with a grateful heart, always working to find solutions when issues arise between federal agencies and our constituents.
She is well-known throughout the district for her work in assisting with identifying federal grant opportunities, acquiring medals and purple hearts for veterans in the community, and her expertise in handling complex issues of immigration and social security affecting our constituents.
She is truly a wealth of knowledge and an invaluable member of my staff.
Outside of work, Kim’s greatest joy is her family. She is a wonderful wife to her husband, Frankie, mother to Tyler and her late son, Derrick, and grandmother to Jonathan, Charlee, and Abigail.
I am delighted to commend her here on the House Floor for her 25 years of service to the United States Congress and to our great state of West Virginia and invite my colleagues to join with me in congratulating her on this achievement.
Source: United States House of Representatives – Congresswoman Terri Sewell (AL-07)
Birmingham, AL – Today, U.S. Rep. Terri Sewell (AL-07) announced $1.2 million from the U.S. Department of Health and Human Services (HHS) Health Resources and Services Administration (HRSA) to expand mental health and substance use services in Jefferson County and the Black Belt. Alabama Regional Medical Services (ARMS) in Birmingham and Rural Health Medical Program in Selma were each awarded $600,000 to expand access to needed care and combat the mental health and opioid crises. The awards are part of a $240 million investment by the Biden-Harris Administration to launch and expand behavioral health care services in Community Health Centers across America.
“When our most vulnerable Alabamians are in need of care, it is the amazing health care professionals at our Community Health Centers who stand in the gap,” said Rep. Sewell. “I am thrilled that the Biden-Harris Administration is working to expand mental health and substance use treatments for the patients that these facilities serve. These awards represent a critical step forward in our fight against the mental health and opioid crises.”
“Alabama Regional Medical Services is deeply honored to receive this significant funding from HRSA to expand and integrate behavioral health services into primary care,” said Alabama Regional Medical Services (ARMS) CEO, Dr. Thomas Greer, Jr. “Our communities are increasingly facing mental health and substance use disorders challenges, and this award will allow us to better serve our patients. With this investment, ARMS will be better positioned to help address these challenges and achieve improved mental health and wellness outcomes in Birmingham, Alabama and the surrounding areas. We thank HRSA for this award and for recognizing the need in the City of Birmingham and for their continued partnership with ARMS in providing quality health care to children, youth and families in our community.”
“I want to thank the Health and Human Services 330 Grant Branch for allowing us the opportunity to receive this funding,” said Rural Health Medical Program CEO Keshee Dozier-Smith. “I also want to thank Congresswoman Terri Sewell for continuing to support our efforts within her district. We know she fights every day for health equity and other needed resources in our community and we know through her support and others who represent the State of Alabama this funding was made available for us to expand these services.”
Health centers are trusted community providers and a primary source of care for individuals across the country who are uninsured, underinsured, or enrolled in Medicaid—making them well-positioned to respond to the urgent need for behavioral health services that are high quality, stigma-free, culturally competent and readily accessible.
A full list of Alabama Community Health Centers receiving funding is available here. More information on the announcement can be found here.
Union Health Minister Shri J P Nadda lists out achievements of the Union Health Ministry in the First 100 Days of the New Government Ayushman Bharat is the world’s largest publicly funded health coverage program: Shri JP Nadda
“The U-WIN portal has been developed for full digitization of vaccination services for complete vaccination record of pregnant women and children from birth to 17 years under the Universal Immunization Programme”
“There has been 98% increase in medical colleges from 387 in 2013-14 to 766 in 2024-25”
“MBBS Seats increased by 64,464 (i.e., 125%) from 2013-14 (51,348 seats) to 2024-25 (11,5812 seats) while the number of PG seats increased by 39,460 (i.e., 127%) from 2013-14 (31,185 seats) to 2024-25 (73,111 seats)”
“In the first phase, BHISHM Cubes are being placed in 25 AIIMS and Institutes of National Importance for rapid deployment in the respective region in case of disaster / health emergencies”
“Union Health Ministry in consultation with the States/UTs is preparing a detailed rollout plan for logistics and training of health professionals for the introduction of the new TB treatment regimen early next year”
Posted On: 20 SEP 2024 4:48PM by PIB Delhi
Union Minister of Health and Family Welfare, Shri Jagat Prakash Nadda highlighted the key achievements of the Union Health Ministry in the first 100 days of the government at a press conference, here today. Union Ministers of State for Health and Family Welfare, Shri Prataprao Ganpatrao Jadhav and Smt. Anupriya Singh Patel were also present.
The Union Health Minister noted that around Rs.15 lakh crores of investment have been made in the last 100 days with speed and scale across different ministries. He noted that the Ministry of Health and Family Welfare has launched several key initiatives aimed at enhancing healthcare delivery and access in India. The following are some of the achievements made in the last 100 days across different health schemes:
Ayushman Bharat PM-JAY:
Shri Nadda said that the recent announcement of expansion of the Ayushman Bharat PMJAY scheme to include all senior citizens, irrespective of income group, aged 70 years and above will potentially benefit around 6 crore individuals across 4.5 crore families. Highlighting that Ayushman Bharat is the world’s largest publicly funded health coverage program, Shri Nadda informed that the expanded scheme will be implemented from October this year.
U-WIN Portal:
Another significant advancement is the U-WIN Portal which has been developed for full digitization of vaccination services for complete vaccination record of pregnant women and children from birth to 17 years under the Universal Immunization Programme. The citizen-centric services of the digital platform include ‘Anytime Access’ and ‘Anywhere’ vaccination services, Self-Registration by citizens using the U-WIN web-portal or the U-WIN citizen mobile application, automated SMS alerts, universal QR-based eVaccination Certificate and utility to create their Ayushman Bharat Health Account (ABHA) ID for themselves and Child ABHA ID for their children. The portal is in 11 regional languages including Hindi.
Stating that “the U-WIN portal has been developed for full digitization of vaccination services for complete vaccination record of pregnant women and children from birth to 17 years under the Universal Immunization Programme”, he informed that the portal is already operational on pilot basis. As on 16th September 2024, 6.46 crore beneficiaries have been registered, 1.04 crore vaccination sessions have been held and 23.06 crore administered vaccine doses have been recorded on the portal.
New TB Treatment Regimen & Made-in-India TB Diagnostics:
A shorter and more efficacious treatment regimen is now available for use under the National TB Elimination Programme (NTEP) which would help in reducing the treatment duration from 9-12 months to 6 months. It has been validated along with Health Technology Assessment (HTA) by ICMR. Shri Nadda informed that the Union Health Ministry in consultation with the State/UT governments is preparing a detailed rollout plan for logistics and training of health professionals for the introduction of this new regimen early next year. He also highlighted the expected reduction in duration of the treatment regimen in approximately 75,000 DRTB cases across the country.
In order to ensure country wide coverage for TB and Drug Resistance diagnosis by ‘state of the art’ molecular methods, a new indigenous diagnostic system (Patho detect) has been validated by ICMR, along with field feasibility. Shri Nadda stated that it would lead to reduction in turn-around times for test results, thereby reducing morbidity and mortality of TB patients.
Deployment of BHISM Cubes:
BHISHM Cubes are portable and rapidly deployable modular medical facility intended to provide emergency lifesaving clinical care in event of disaster/public health emergencies. Union Health Minister stated that BHISM cubes have the capacity to handle about 200 cases of diverse nature in emergency situations such as trauma, bleeding, burns, fractures, etc. In the 1st Phase, BHISHM Cubes will be placed in 25 AIIMS and Institutes of National Importance (INIs) for rapid deployment in the respective region in case of disaster / health emergencies. States may also deploy at strategic locations subsequently. India has gifted four BHISHM Cubes to Ukraine during the Hon’ble Prime Minister’s visit to the country recently.
Use of Drone Services:
Drones service aid in rapid, cost-effective and safe delivery of medical supplies and samples in hard-to-reach and tough terrains. Fifteen (15) AIIMS/INIs/NE institutions have been identified for Drone Services. Drone trials and trainings have been completed in 12 institutes. Shri Nadda said that drones provide safe, accurate reliable pickup & delivery of medicines, vaccines, blood, diagnostic specimens & other life-saving items to difficult-to-reach facilities.
Medical Education:
Increase in Medical Colleges:
The Union Health Minister said that the increase in medical colleges and MBBS and PG seats would lead to increase in the availability of doctors in the healthcare system.
There is an increase of 8.07% in Medical Colleges from 706 in 2023-24 to 766 in 2024-25. There has been 98% increase in medical colleges from 387 in 2013-14 to 766 in 2024-25. During the same period, 379 new medical colleges have been established and, presently there are 766 (Govt: 423, Pvt: 343) medical colleges in the Country.
Increase in MBBS seats:
There is an increase of 6.30 % in MBBS seats from 1,08,940 in 2023-24 to 1,15,812 in 2024-25. MBBS Seats increased by 64,464 (i.e., 125%) from 2013-14 (51,348 seats) to 2024-25 (11,5812 seats).
Increase in PG seats:
There is an increase of 5.92% in PG seats from 69,024 in 2023-24 to 73,111 in 2024-25. During the last ten years, the number of PG seats increased by 39,460 (i.e., 127%) from 2013-14 (31,185 seats) to 2024-25 (73,111 seats).
Operationalization of National Medical Register:
National Medical Register (NMR) is a comprehensive dynamic database for all allopathic (MBBS) registered doctors in India. NMR is linked with Aadhaar ID of the doctors that ensures the individual’s authenticity.
Shri Nadda said that NMR being a key component of the country’s Ayushman Bharat digital mission, it would be part of Healthcare Professional Registry (HPR). He further said that NMR will ensure provision of data covering details of around 13 lakh doctors in the country – State-wise, those who have left the country, those who have lost their license to practice, or details of doctors who have lost their lives.
National Quality Assurance Standards (NQAS):
Virtual National Quality Assurance Standards (NQAS) Assessment of Ayushman Arogya Mandir -Sub Centre:
NQAS are set of standards designed to ensure and improve the quality of healthcare services in District Hospitals, Community Health Centres, Ayushman Arogya Mandir – Primary Health Centre, Ayushman Arogya Mandir – Urban Primary Health Centre and Ayushman Arogya Mandir – Sub Health Centre.
Shri Nadda said that as on 31st August 2024, 13,782 Public Health Facilities are NQAS Certified. A total of 5,784 Public Health Facilities have been NQAS Certified from 1st April 2024 till date, in which 3,134 facilities (including 2,734 Ayushman Arogya Mandir – Sub Centers) have been NQAS certified at all levels in the first 100 days.
The virtual National Quality Assurance Standards assessments for Ayushman Arogya Mandir-Sub Centres commenced on August 1st after requisite trainings. 58 assessments have been done, with 104 more assessments scheduled to take place by end of September, 2024. “This will give an impetus to ensuring Quality standards for all levels of public health care facilities improving comprehensive primary healthcare of citizens” Shri Nadda said.
National Quality Assurance Standards for Integrated Public Health Laboratories:
Release of NQAS for IPHLs spread across district level health facilities is aimed at improving the quality and competence of management and testing systems in IPHLs. This will positively impact the reliability of test results and enhance the quality of diagnostics & patient care.
Establishment of AIIMS in Darbhanga:
Union Cabinet has approved setting up of new AIIMS at Darbhanga on 15.09.2020 at an estimated cost of Rs. 1264 Crore. Shri Nadda stated that the issue of allotment of land for AIIMS Darbhanga, which was pending for over 3 years has been finally settled and the Government of Bihar has allotted and since handed over 150.13 acres of land on 12.8.2024 required for AIIMS Darbhanga. He further noted that AIIMS institutions would serve to fill the gap in affordable tertiary healthcare services and reduce out of pocket expenditure.
Completion of Super Specialty Blocks:
Completion of construction works of Super Specialty Blocks (SSB) has been taken up as upgradation projects of existing Government Medical Colleges under PMSSY of four Government Medical Colleges in Bihar, these include:
a) Jawaharlal Nehru Medical College, Bhagalpur
b) Anugrah Narayan Magadh Medical College, Gaya
c) Sri Krishna Medical College, Muzaffarpur
d) Darbhanga Medical College and Hospital.
The launch of Super Specialty Blocks in Government Medical Colleges (Bihar) would serve to fill the gap in affordable tertiary healthcare services and reduce out of pocket expenditure, Shri Nadda highlighted.
Launch of Food Import Rejection Alerts:
The Union Minister also highlighted the introduction of the Food Import Rejection Alerts (FIRA), an online portal designed to notify the public and relevant food safety authorities about food import rejections at Indian borders and training of food street vendors by the FSSAI. The portal has been launched today at the second edition of the Global Food Regulators Summit 2024 hosted by FSSAI at Bharat Mandapam.
Shri Apurva Chandra, Union Health Secretary, Ministry of Health and Family Welfare; Smt. Punya Salila Srivastava, Officer on Special Duty, Ministry of Health and Family Welfare; Smt. LS Changsan, Addl. Secretary, Ministry of Health and Family Welfare; Shri Dhirendra Ojha, Principal DG, PIB, Ministry of Information and Broadcasting and senior officials of the Union Health Ministry were present on the occasion.
Department of Posts played a pioneering role in distributing toolkits to beneficiaries under the PM Vishwakarma Scheme, first in Mahesana district of Gujarat Postmaster General Shri Krishna Kumar Yadav reviews Progress of Postal Services in Mahesana Division, Emphasised achievement of targets
Not Just Letters and Parcels, the Department of Posts is Connecting People with Various Government Welfare Schemes at door step – Postmaster General Shri Krishna Kumar Yadav
Department of Posts Plays a Key Role in Delivering Toolkits to Artisans/Beneficiaries under the PM Vishwakarma Scheme – Postmaster General Krishna Kumar Yadav
Posted On: 20 SEP 2024 3:56PM by PIB Ahmedabad
In addition to delivering letters and parcels, Department of Posts is now ensuring that various government welfare schemes and their benefits reach to all citizens. Department of Posts has access to last mile of the country and is equally involved in the joys and sorrows of the people. Postmaster General, North Gujarat Region, Shri Krishna Kumar Yadav, expressed these views during his visit to the Mahesana Head Post Office on 20th sepetember 2024. Under the campaign ‘Ek Ped Maa ke Naam’, tree plantation was conducted at the Mahesana Head Post Office to spread the message of environmental protection. Superintendent of Post Offices, Mahesana Division Shri H.C. Parmar welcomed the Postmaster General and provided detailed information about the progress of postal services in Mahesana.”
Postmaster General Shri Krishna Kumar Yadav delivered a cheque for ₹10 lakh as a claim payment to the family of Shri Babubhai Rabari from Mahesana, who had taken the Tata Group’s accident insurance policy for just ₹399 through India Post Payments Bank, after his untimely death.
Postmaster General Shri Krishna Kumar Yadav added that the Department of Posts is also playing a vital role in the PM Vishwakarma Scheme. Under this scheme, toolkits are being provided to artisans/beneficiaries through the Department of Posts. Department of Posts led by distributing the first toolkit in the country to Shri Rameshbhai Babubhai Senma, a resident of Jagannathpura village in the Mahesana Postal Division, North Gujarat Region.
Shri Krishna Kumar Yadav told that the PM Vishwakarma Scheme has been launched by the Ministry of Micro, Small, and Medium Enterprises (M/o MSME) for the upliftment of traditional artisans and craftsmen engaged in various trades like blacksmithing, goldsmithing, pottery, carpentry, and sculpting, among others. The aim is to preserve cultural heritage and integrate these artisans into the formal economy and global value chains. The scheme is being implemented through the National Small Industries Corporation (NSIC). Toolkits for 18 identified trades under this scheme will be distributed to artisans/beneficiaries through post offices. The Department of Posts is the logistics partner for the Ministry of MSME in this scheme and will ensure the smooth transportation and delivery of toolkits to beneficiaries across the country.
Postmaster General Shri Krishna Kumar Yadav conducted a detailed review of the progress of postal services in the Mahesana Division. Currently, there are a total of 6.77 lakhs savings accounts, 79,000 IPPB accounts, 66,000 Sukanya Samriddhi accounts, and 4,000 Mahila Samman Savings Certificates opened in Mahesana Division. Additionally, 61 villages have been covered as ‘Sampoorna Sukanya Samriddhi Grams,’ 100 villages covered as Sampoorna Bima Grams,’ and 5 villages designated as Five-Star Villages. Through the Passport Seva Kendra at the Mahesana Head Post Office, more than 7,015 people have obtained passports in this financial year. 14,000 people have enrolled or updated their Aadhaar through the post office, while 70,000 people have benefited from CELC through India Post Payments Bank. More than 69,000 individuals received payments totaling ₹22.4 crore through the Aadhaar Enabled Payment System at door step.
During his visit to the Mahesana Head Post Office, Shri Krishna Kumar Yadav emphasized the importance of good behavior towards customers. Postmaster General emphasized the importance of conducting extensive campaigns and Dak Chaupals in the remaining days of the financial year to achieve the allocated targets for various services. He also highlighted the need to connect the citizens with these services, ensure prompt resolution of public grievances, and responsiveness towards customers.
During this visit, Superintendent of Post Offices Shri H.C. Parmar, Assistant Superintendent Shri R.M. Rabari, Shri N.K. Parmar, Shri Vishal Brahmbhatt, IPPB Branch manager Shri J. Rohit and Postmaster, Mahesana HO Shri D G Patel were present.
WASHINGTON — On Friday, six public-interest, media-reform, media-justice, and labor organizations joined to file an amicus curiae brief defending the Federal Communications Commission’s broadcast ownership rules against an industry challenge in the Eighth Circuit Court of Appeals.
The six groups are Common Cause, the Communications Workers of America-National Association of Broadcast Employees and Technicians, Free Press, the Future of Music Coalition, the musicFIRST Coalition, and the United Church of Christ Office of Communication, Inc. (“UCC Media Justice”). All of these entities have long participated in FCC proceedings and court cases on this issue. Attorneys Cheryl Leanza and Rachel Stillwell authored and filed the brief on the groups’ behalf.
The FCC’s media-ownership rules are designed to promote competition, viewpoint diversity, ownership diversity, and the delivery of local content by broadcast stations licensed to serve communities all across the United States. A series of deregulatory decisions the agency has made over the last two decades has significantly pared back these rules. The FCC undergoes a congressionally mandated review of these regulations every four years.
Prior legal challenges from both industry groups and public-interest organizations have played out in the Third Circuit Court of Appeals. This time, the broadcast industry brought its suit in a different circuit. Broadcasting conglomerates and the trade groups representing them argue that the Biden FCC should eliminate more of the few ownership limits that remain on the books.
As today’s amicus brief explains, broadcast lobbyists suggest that their businesses should no longer be regulated because people already have access to the same kinds of content on the internet. The broadcasters’ assertion, the brief says, would “leave out of the picture the many Americans who do not fit their vision of a life lived completely online, consuming only national news and culture.” As the filing notes, millions of people in the United States still need to or choose to rely primarily on free broadcasting services for local news, cultural content, and emergency information that broadcast outlets distribute more reliably than internet sources.
Free Press Vice President of Policy and General Counsel Matt Wood said:
“As always, the broadcast industry wants to have its cake and eat it too. Lawyers for giant media conglomerates argue that free and over-the-air local broadcasting remains a unique and special service, yet also insist that their industry should be completely unfettered from any common-sense ownership limits because of competition from internet sources. They can’t have it both ways. For broadcasting to remain a source of diverse and truly local content—serving populations that national and homogenized news sources so often ignore—the Federal Communications Commission must retain its rules preventing a single company from dominating the airwaves or owning quite literally every broadcast outlet in the same city.”
United Church of Christ Media Justice Ministry Policy Advisor Cheryl Leanza said:
“Broadcast media is unique: Local television engenders more trust, more local news, and thus more local engagement on everything from elections to community needs. Local radio is an important means to preserve and enliven local culture. Previous FCC decisions permitting vast consolidation have been disastrous—for the court to reverse the most recent FCC decision to keep the remaining rules and close loopholes would be even more so. In line with multiple other federal court decisions, the Eighth Circuit should reject any hint that each iteration of the quadrennial-review process mandates further consolidation.”
Common Cause Director for Media and Democracy Ishan Mehta said:
“In this era of media consolidation, we need local television and radio stations to provide a much-needed avenue for the public to hear diverse voices as they seek to make informed decisions at the ballot box. When media outlets are owned by a small number of corporations, it narrows the available perspectives and stifles the investigative journalism that our democracy depends on. We ask the court to preserve the FCC’s role in protecting diversity and furthering competition to ensure a healthy media ecosystem for all Americans.”
NABET-CWA President Charlie Braico said:
“Locally owned broadcast television and radio stations and the jobs they create are critical to the well-being of our communities. Consolidation in the media industry and Wall Street’s downsizing and stripping of local news operations for profits, along with the ‘narrowcasting” of information on the internet, has left Americans more isolated and divided than ever. The FCC’s ability to enforce local broadcast ownership rules is critical to preventing further harm.”
Future of Music Coalition Director Kevin Erickson said:
“Radio is a medium uniquely equipped to uplift the voices of diverse local communities expressed through diverse American musical traditions. Sadly, as we’ve seen over the years, ownership consolidation has empowered large companies and private equity firms to move away from the live and local emphasis that makes AM/FM radio special, replacing regional character with narrow formats and repetitive playlists presented by robots. We’re proud to join with a diverse array of groups in defending the FCC’s important role in protecting ownership diversity and healthy competition.”
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About CWA: The Communications Workers of America represents working people in telecommunications, customer service, media, airlines, health care, public service and education, manufacturing, tech, and other fields.
The 2024 Enabling Native Researchers and Other Minorities Through Graduate Engineering (ENRGE) internship cohort. From left, Javier Moscoso, Chelsea Neely, Success Oluwole, Adrian Gomez, Zain ulAbdeen, and Danish Saleem. Photo by Josh Bauer, NREL
Internships offer students the opportunity to gain valuable experience in their field before joining the workforce—but for interns at the National Renewable Energy Laboratory (NREL), they have the added motivation of contributing to meaningful work in energy efficiency and renewable energy. For interns in the Enabling Native Researchers and Other Minorities Through Graduate Engineering (ENRGE) program, undergraduate and graduate students at minority-serving institutions gain valuable experience in power, energy, and cybersecurity. It is funded by the U.S. Department of Energy National Nuclear Security Administration’s Minority Serving Institution Partnership Program, which aims to create and support a sustainable career pathway that prepares a diverse workforce of talented students to make immediate and significant contributions in science, technology, engineering, and mathematics (STEM) fields.
ENRGE brings undergraduate and graduate students enrolled at minority-serving institutions with underrepresented backgrounds—such as Native, Black, Asian, Hispanic, and Latino Americans—to NREL for hands-on summer internships. The interns work on research projects that look at how human or natural threats may disrupt the U.S. electrical grid, assess the cybersecurity of distributed energy systems, or research pathways to strengthen the U.S. electrical grid.
“Many companies and teams look forward to new pools of student interns, as they’ll bring with them fresh ideas, new perspectives, and creative approaches to the projects or processes,” said NREL’s Danish Saleem, senior engineer and ENRGE program leader.
This past summer, JavierMoscoso, Adrian Gomez, ZainulAbdeen, and Success Oluwole participated in NREL’s second ENRGE summer internship program.
“We were fortunate to have Javier, Zain, Adrian, and Success this year at NREL,” Saleem said. “Their exceptional work, dedication, and contributions toward NREL’s clean energy goals was invaluable.”
Making the Personal Universal
Javier Moscoso. Photo by Josh Bauer, NREL
For Javier Moscoso, energy and climate issues hit home—that is, they affect him and all the people of Puerto Rico. “It’s a personal mission,” Moscoso said.
Hurricanes Maria and Fiona wreaked havoc on Puerto Rico in 2017 and 2022. Fiona knocked out power for 80% of the island’s customers who depended on an already fragile power system. Moscoso has witnessed the damage the hurricanes—and the loss of power—cause. He spoke with a woman using an oxygen tank earlier in 2024 about issues she faced when power goes away. She died following a power outage this summer. “I’m talking because I live this,” he said.
The ENRGE internship allows Moscoso to work on important cybersecurity projects, but it also allows him to talk with NREL people—like Laboratory Director Martin Keller, who Moscoso met with earlier this summer—about the issues Puerto Rico faces. “Not having a strong cybersecurity background before coming here, I have felt comfortable with my team, and I was always eager to learn more and get out of my comfort zone,” Moscoso said. “It gives me the opportunity to test out what I like and see new things that I maybe didn’t think I would ever like or work with. I have come to familiarize myself with cybersecurity and how crucial it is in power systems today. If I’m honest, I have come to appreciate how impactful this experience will be for my future. I think there is no better place than NREL to be exposing myself to this through many readings, workshops, and conversations with mentors. I look forward to continue learning and contributing in the best way I can.”
Moscoso’s work at NREL involves looking at the cybersecurity of utility-scale batteries and distributed energy resources (DER) deployment for underserved communities on separate projects. He completed a literature review on the cybersecurity of DERs, and his background informed the case studies he wrote on Puerto Rico. “It’s my opportunity to give visibility to Puerto Rican communities,” he said.
Moscoso said that there is intention to everything he does, which is why the ENRGE internship was enticing. It allowed him to bring his personal story and experience to NREL, which he will then take back to Puerto Rico. Encouraged by his time at NREL and with ENRGE, he will begin graduate school in Puerto Rico, where part of his time will be spent continuing a renewable energy project he began before coming to NREL.
Prior to arriving at NREL, Moscoso engaged other students on the design and architecture of a solar gazebo to be constructed at the University of Puerto Rico at Mayagüez. The gazebo will provide power on campus for students in the event of an outage. Moscoso has presented on this project at NREL and to many national outlets. The project includes an educational component where talks will be given on renewable energy and energy consumption.
What started as a napkin drawing is morphing into a reality that will benefit other Puerto Ricans, and Moscoso hopes that this first gazebo can be replicated across the island.
“Javier serves as an excellent example of someone who took full advantage of the networking and professional development opportunities that NREL and the ENRGE internship offered,” said NREL’s Chelsea Neely, cybersecurity researcher and ENRGE program coordinator. “Almost every week, he came to me to tell me who he met at NREL and what research and development opportunities he was excited about. We are so proud of the impact he has made here at NREL and can’t wait to see him continue his mission towards clean energy transformation.”
Exploring a New Career Pathway
Adrian Gomez. Photo by Josh Bauer, NREL
The path to NREL was not a straight line for Adrian Gomez. From the U.S. Army to education in criminal justice, his background was outside of energy. When Gomez decided that the criminal justice route was not what he wanted, he enrolled in the Ecotech Institute to learn about sustainable technologies.
Then the school closed permanently.
Gomez returned to criminal justice briefly before he learned about ENRGE. When he found the ENRGE internship opportunity at NREL, it felt like a fit. “It’s the right choice,” he said. “Everything led up to this. This is something I can do.”
At NREL, Gomez brings a cybersecurity background to the Clean Energy Cybersecurity Accelerator—which aims to expedite the deployment of novel or emerging operational technology security solutions—and learned from researchers involved in the cybersecurity situational awareness tool designed for renewable energy systems. For the Clean Energy Cybersecurity Accelerator, Gomez researched cyberattack scenarios involving solar panels and what types of attacks might cause disruptions.
“It’s interesting to see how everything is interconnected—how everything in a system affects everything else,” Gomez said. Researching cybersecurity has made Gomez hyperaware of cybersecurity concerns. He is paying attention to what is happening in the world in that regard. “I’m vigilant about those interconnections and how my role in cybersecurity is involved in that sphere.”
Following the ENRGE internship, Gomez will return to school to pursue a master’s degree in cybersecurity.
“For someone new to research, Adrian embraced the uncomfortable, often nonlinear path his research took him down this summer,” Neely said. “I was impressed with his ability to take on new concepts and come away from this experience with research he felt proud of. With the encouragement of researchers at NREL, we’re thrilled to hear he’s decided to pursue an advanced degree in cybersecurity. We can’t wait to see what the future holds for him as he builds on the skills he has learned here at NREL.”
Meeting the Challenges of Cybersecurity Through Computational Science
Zain ul Abdeen. Photo by Josh Bauer, NREL
Zain ul Abdeen came to NREL with a background in machine learning and artificial intelligence through a previous internship in NREL’s Computational Science Center, which comes in handy when asked to anticipate and respond to cyberattacks on power systems. Zain had worked as a computational scientist prior to arriving at NREL, and his computational skills were put to good use on cybersecurity projects.
Zain helped to test the performance of power system algorithms during adversarial attacks and built a model to detect anomalies in the system. With both, Zain was able to apply computational knowledge to specific challenges in cybersecurity. “We considered various kinds of attacks on the grid and how the algorithm was affected and how another model performed at detecting the attack,” he said.
A key component of Zain’s work is training models well enough that they are trustworthy when it comes to detecting and responding to attacks. That means designing robust systems that are well trained on possible scenarios and attacks.
“ENRGE is so well structured, and the mentors are very helpful,” he said. “They’re always there to help you solve a problem in your research. They listen, provide guidelines, and guide you in the right direction.”
“Zain’s final presentation of his projects this summer were incredibly impressive,” Neely said. “He made a big impact on his projects in such a short period of time. His successes clearly reflect the strong relationships he built with his mentors, Dr. Shuva Paul and Dr. Vivek Singh. We were very lucky to have his talents in the cybersecurity center this summer, and I can’t wait to read his next publications!”
Seizing an Unexpected Opportunity
Success Oluwole. Photo by Josh Bauer, NREL
When Success Oluwole went to her mentor and mechanical engineering department chair at Alabama Agriculture and Mechanical University, she asked him to keep his ears open for relevant opportunities. He called her up one day and directed Oluwole to an opportunity in the ENRGE program.
“I noticed it was a cybersecurity position and I’m quite in the mechanical engineering field,” she said. “So, I remember saying, ‘I’m not sure if this is the right fit for me.’”
The chair told Oluwole that she should not think like that—that she should be open to opportunities, even if the fit is not a direct match for her experience.
She applied to the ENRGE program. “I have always wanted to work at a national lab because I have research experience and working at the lab will give me more opportunities to do research full time,” she said.
When she interviewed for the role, it was the first time Oluwole had been interviewed by a panel, and she was nervous but optimistic, she said. When the offer came, Oluwole jumped at it. “The program gives people from minority communities the opportunity to work at a national lab. I’m Nigerian, and not many international students like me who come to this country have this opportunity. I knew working at NREL would be a great stepping stone for my career.”
Oluwole quickly realized that there was overlap between cybersecurity and mechanical engineering. She said she had the notion that there would be a lot of coding, but the actuality of the cybersecurity projects she worked on allowed her to use skills she brought with her to NREL.
She was able to deploy project management experience—data collection and budgeting—to help coordinate Liberty Eclipse, an annual full-scale cybersecurity preparedness exercise run by the U.S. Department of Energy. Oluwole also worked on a project involving cyber-informed engineering (CIE), which provides engineers a framework to integrate cybersecurity into the early design stages and throughout the life cycle of engineered systems. “I’ve been trying to apply the principles of CIE to the design, development, and operations of the wind turbines in the United States. I’ve been trying to apply the 12 principles of CIE to basically each level of a wind turbine,” she said.
“Success truly blossomed during her 10 weeks here at NREL,” Neely said. “She did a fantastic job collaborating with her mentor and I could tell she was really open trying things outside of her comfort zone. The fact that she left her experience better able to understand how cybersecurity affects her work as a mechanical engineer is a huge win for all of us. I feel so privileged to witness her growth and can’t wait to see what the future has in store for such a promising young researcher.”
Oluwole values the experiences she is gaining in the ENRGE program.
“Every single day since I started my internship here, I have been grateful, because this has been a blessing,” she said. “This program has been transformative. I’ve met great people. I’ve been able to apply my academic knowledge. I hope the program grows so that other people from minority communities can have the opportunities to learn like I have this summer.”
Before joining NREL, Oluwole did not have cybersecurity as a potential career path, but she is glad she has been able to gain this experience in an unexpected field.
ENRGE began with one intern in 2023 and has grown to four interns, two of whom have decided to pursue higher education as a result of their time in the program.
“Coming from diverse engineering and technical backgrounds, ENRGE interns learned to appreciate the importance of taking an interdisciplinary approach to the cybersecurity of energy systems,” Neely said. “Each of them has a very bright future as leaders in this important field. I hope their experience at NREL influences how they design and build critical cyber-physical systems of the future.”
Learn more about NREL’s ENRGE program and about NREL’s internship opportunities.
Source: United States House of Representatives – Congressman Troy A. Carter Sr. (LA-02)
WASHINGTON, D.C.– Today, Congressman Troy A. Carter, Sr. (D-La.) announced $292,714,591 in Battery Materials Processing Grants from the U.S. Department of Energy (DOE) for Element 25 (Louisiana) LLC and Honeywell International Inc.These awards were made possible through the Bipartisan Infrastructure Law, which Congressman Carter helped craft and voted for.
“I’m excited to celebrate this significant step in our nation’s pursuit of sustainable energy and innovation,” said Rep. Carter. “This funding strengthens the battery materials industry and keeps the U.S. at the forefront of advanced technology manufacturing. With projects from Honeywell and Element 25, Louisiana is leading the nation’s clean energy transition, equipping our workforce with high-tech skills, and driving lasting economic growth. These investments not only boost our economic competitiveness but also lay the foundation for a cleaner, more sustainable future. I’m proud to see Louisiana shaping a self-sufficient energy future for America.”
Element 25 (Louisiana) LLC was awarded $166,128,094 to launch “Project Laver,” a state-of-the-art refining facility in the Baton Rouge area to produce high purity manganese sulphate monohydrate (HPMSM), a critical component in lithium-ion batteries. This facility will be the first of its kind in the United States. Once operational, this plant will create over 140 permanent jobs for Louisiana workers, including those transitioning from the oil and gas industry, as well as 400 construction jobs. The project will also foster long-term community success by creating apprenticeships for 5% of its workforce, providing on-the-job training and opportunities for career growth.
Honeywell International Inc. was awarded $126,586,497 to build a groundbreaking facility in Geismar, Louisiana, to produce Lithium (bis)FluoroSulfonyl Imide (LiFSI), a critical electrolyte salt for lithium batteries used in electric vehicles and energy storage. This new facility will be the first of its kind in the United States. This project will create approximately 100 construction jobs and 70 full-time, high-paying, permanent, high-tech positions available once the plant is operational.
Background
The Battery Materials Processing Grants Program is designed to provide grants for battery materials processing to ensure that the United States has a viable battery materials processing industry. Funds can also be used to expand our domestic capabilities in battery manufacturing and enhance processing capacity.
Source: United States House of Representatives – Congressman Troy A. Carter Sr. (LA-02)
WASHINGTON, D.C. – Congressman Troy A. Carter Sr. (D-LA) praised eight bills that he either introduced or cosponsored that passed in the House Committee on Transportation and Infrastructure this week.
Congressman Carter is the lead sponsor of H.R. 9037, the Federal Emergency Mobilization Accountability (FEMA) Workforce Planning Act, bipartisan legislationthat requires the Federal Emergency Management Agency (FEMA) to submit a plan to Congress every three years that includes specific retention, recruitment, and deployment goals for its workforce.
“In Louisiana, we’ve seen how storms are increasingly more dangerous and unpredictable. My FEMA Workforce Planning Act is a critical step toward ensuring FEMA is better equipped to respond to disasters by creating clear goals for employee recruitment, retention, and training,” said Rep. Carter. “By requiring regular updates and audits, the bill promotes accountability and ensures that FEMA’s staffing plans are aligned with the evolving needs of disaster response. This bipartisan legislation is a smart move toward filling gaps in FEMA’s workforce, which in turn will help communities receive the support they need in times of crisis.”
In 2023, the Government Accountability Office (GAO) released a report called “FEMA Disaster Workforce: Actions Needed to Improve Hiring Data and Address Staffing Gaps.” The report said that FEMA faced challenges deploying staff with the right skills and training to meet the needs of communities impacted by federally declared disasters. It also said that FEMA is short 6,200 workers, which means the agency is 35% short of the staff it needs. At the height of FEMA workforce deployments in October 2017, GAO found that 54 percent of staff were serving in a capacity in which they were not formally certified according to FEMA’s qualification system standards.
Congressman Carter is also a cosponsor on several bills that will strengthen benefits for disaster victims and communities working to recover:
H.R.6083, the Duplications of Benefits Victims Relief Act, clarifies that a post-disaster loan from the Small Business Administration (SBA) is not considered disqualifying for receiving other federal recovery funding. During past disasters in Louisiana, most notably the floods of 2016, recovery funds promised to victims were reduced or eliminated if a homeowner had qualified for a federal disaster recovery loan from the SBA. Because the homeowner was already approved for federal relief, the U.S. Department of Housing and Urban Development (HUD) stated it would be a “duplication of benefits” for them also to receive a federal recovery grant from the Community Development Block Grant—Disaster Recovery (CDBG-DR) program. While SBA loans are required to be repaid to the federal government, CDBG-DR grants are one-time payments to victims and do not require repayment.
H.R. 5623, the Addressing Addiction After Disasters Act, improves the federal Crisis Counseling Assistance and Training Program by allowing FEMA to provide services for substance use disorder and alcohol use disorder. Studies show that after Hurricane Katrina struck the Gulf Coast in 2005, alcohol consumption increased by about 185% from before the storm, and the annual hospitalization rate for substance use disorders increased by approximately 30%.
H.R. 2672, the FEMA Loan Interest Payment Relief Act amends the Stafford Act to reimburse local governments and electric cooperatives for the interest on loans used for disaster recovery efforts. Many of these entities, particularly smaller and rural municipalities, need immediate funds for recovery and infrastructure repairs, but FEMA reimbursements often take time, leaving them with high-interest loan payments. This bill relieves them of that financial burden, allowing them to focus on recovery rather than loan costs.
Background
In total, Congressman Carter is a cosponsor of or introduced the following bills that passed in the House Committee on Transportation and Infrastructure today:
H.R. 9037, the Federal Emergency Mobilization Accountability (FEMA) Workforce Planning Act (Introduced)
H.R. 2672, the FEMA Loan Interest Payment Relief Act
H.R. 8530, the Improving Federal Building Security Act of 2024
ANS to H.R. 9135, the Ensuring Airline Resiliency to Reduce Delays and Cancellations Act
ANS to H.R. 8505, the Household Goods Shipping Consumer Protection Act
H.R. 6083, the Duplications of Benefits Victims Relief Act
ANS to H.R. 5623, the Addressing Addiction After Disasters Act
Source: United States House of Representatives – Congressman Troy A. Carter Sr. (LA-02)
WASHINGTON, D.C. – Today, Congressman Troy A. Carter, Sr. (D-LA) released the following statement after the announcement that H.R. 82, the Social Security Fairness Act of 2023 will receive a vote on the House floor. Congressman Carter is a cosponsor of this legislation:
“WEP and GPO are harmful provisions that slash public servant’s Social Security benefits. I signed the discharge petition to bring the Social Security Fairness Act to the floor and I’m proud we’re acting NOW. Our teachers, firefighters, police officers, and other federal employees should NOT be penalized when it comes to collecting their pension. We must change this antiquated law and give people the benefits they’ve earned!”
Background
Last December, Congressman Carter was the Ranking Member for a Ways and Means Committee field hearing in Baton Rouge, LA focused on the effects of the Windfall Elimination Penalty (WEP) and the Government Pension Offset (GPO) on everyday Americans, where he heard from Louisianians struggling to make ends meet due to these harmful provisions.
The WEP and GPO prevent federal retirees like police, teachers, firefighters, state workers and their spouses who earned pensions from those careers from collecting their full Social Security benefits earned while working outside of government, affecting over two million Americans, including thousands in Louisiana.
WEP dates to 1983 and reduces Social Security benefits for workers who paid into both a civil service pension from their time in government employment and Social Security, in a Social Security covered job outside of government.
GPO dates to 1977 and reduces by two-thirds the retirement or disability pension from a federal, state, or local government for spouses and widows or widowers if the spouse or widow did not pay in themselves.
The Social Security Fairness Act (H.R. 82) would repeal the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) and has bipartisan, bicameral support.
A federal jury convicted Ruben Oseguera-Gonzalez, also known as El Menchito, today of conspiring to distribute five kilograms or more of cocaine and 500 grams or more of methamphetamine while knowing and intending that they would be imported into the United States, and using, carrying, and brandishing firearms, including destructive devices, in furtherance of the drug trafficking conspiracy, following a two-week jury trial in U.S. District Court for the District of Columbia.
According to court documents and evidence presented at trial, between 2007 and 2017, Oseguera-Gonzalez, 34, led an international drug trafficking organization responsible for importing large quantities of methamphetamine and cocaine from Mexico into the United States. Oseguera-Gonzalez was the second in command of the Cartel de Jalisco Nueva Generación (CJNG), which is based in the State of Jalisco in Mexico. The CJNG is one of the most dangerous drug cartels in Mexico. Oseguera-Gonzalez personally used firearms, destructive devices, murder, and kidnapping to control the drug trafficking organization. Oseguera-Gonzalez also ordered his subordinates to shoot down a Mexican military helicopter so that he could escape capture by Mexican law enforcement.
“El Menchito led the Jalisco Cartel’s efforts to use murder, kidnapping, and torture to build the Cartel into a self-described ‘empire’ by manufacturing fentanyl and flooding the United States with massive quantities of lethal drugs. Today, fentanyl is the deadliest drug threat the United States has ever faced,” said Attorney General Merrick B. Garland. “El Menchito now joins the growing list of high-ranking Cartel leaders that the Justice Department has convicted in an American courtroom. We are grateful to our Mexican law enforcement partners for their extensive cooperation and sacrifice in holding accountable leaders of the Jalisco Cartel.”
“Ruben Oseguera-Gonzalez pioneered the manufacturing of fentanyl in Mexico to help build his father’s Jalisco Cartel into one of the world’s most powerful drug syndicates. His crimes caused horrific violence and death in the United States, Mexico, and around the globe,” said Deputy Attorney General Lisa Monaco. “Today’s guilty verdict demonstrates that our prosecutors and agents, working with our Mexican law enforcement partners, will relentlessly pursue justice against the leaders of the drug trafficking organizations who destroy lives and poison our communities.”
“As second-in-command of CJNG, Ruben Oseguera-Gonzalez used extreme violence to traffic massive amounts of methamphetamine and cocaine into the United States,” said Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the Justice Department’s Criminal Division. “His conviction underscores the Criminal Division’s commitment to disrupting and dismantling organizations that manufacture and distribute deadly drugs into our communities. Today’s verdict also sends a powerful message to the cartel leadership: we will work with our domestic and international law enforcement partners to find you and bring you to justice. We are especially grateful to the Mexican authorities for their substantial assistance in this case.”
“Today’s guilty verdict sends a clear message that the DEA will stop at nothing to investigate and dismantle criminal drug networks that threaten the safety and health of the American people,” said Administrator Anne Milgram of the Drug Enforcement Administration (DEA). “As one of the highest-ranking members of the Jalisco Cartel, Oseguera-Gonzalez was responsible for pushing vast quantities of cocaine, methamphetamine, and fentanyl into the United States while engaging in violence, kidnapping, and bribery to build and protect the Jalisco Cartel. I commend the men and women of the DEA Los Angeles Field Division for their outstanding work on this case.”
According to the evidence presented at trial, from 2012 to 2015, Oseguera-Gonzalez oversaw the manufacture of more than three million pounds of methamphetamine in one area of Mexico. In April 2015, Oseguera-Gonzalez personally directed the distribution of over 55,000 pounds of cocaine. According to trial testimony, in October 2013, Oseguera-Gonzalez made plans to “do it big” with counterfeit oxycontin pills—just before the fentanyl epidemic began in the United States. According to witness testimony, the defendant said in 2015 that he was “building an empire with . . . fentanyl.” Oseguera-Gonzalez was arrested by Mexican authorities on local charges in June 2015. He remained detained in Mexico until his extradition to the United States in February 2020. While in prison in Mexico, Oseguera-Gonzalez continued to control the CJNG, negotiating drug transactions and approving the purchase of firearms and destructive devices, including .50 caliber firearms and 40 mm grenades.
Oseguera-Gonzalez personally used extreme violence to grow and control the cartel. For example, when five men owed Oseguera-Gonzalez money for drugs in the United States, Oseguera-Gonzalez violently killed all five men. On another occasion, the defendant shot one of his drivers in the head a close range. In an intercepted message, Oseguera-Gonzalez also described having 13 people tied up—one of whom he decided to release only after the man agreed to make fentanyl pills for Oseguera-Gonzalez.
Oseguera-Gonzalez also amassed an arsenal of weapons. His hitmen, which he called the Special Forces of the High Command, used the weapons to protect him and help him escape capture by Mexican authorities. For example, on May 1, 2015, the defendant’s hitmen—acting on Oseguera-Gonzalez’s personal orders—shot down a Mexican armed forces helicopter while 18 soldiers and police were on board. At least nine people on board the helicopter died as a result of Oseguera-Gonzalez’s order. Oseguera-Gonzalez’s men used an Iranian-made rocket-propelled grenade and a .50 caliber belt-fed firearm to shoot down the helicopter. Both weapons were painted with “CJNG” and a pixel camouflage pattern unique to Oseguera-Gonzalez’s hitmen.
Less than two months after escaping capture, Oseguera-Gonzalez was arrested in Jalisco, Mexico. When he was surrounded by soldiers and police, he brandished an assault weapon and grenade launcher, demanding to be released because he was a member of the CJNG. The weapon Oseguera-Gonzalez used to threaten police bore the same pixel camouflage pattern and was emblazoned with CJNG and Oseguera-Gonzalez’s nicknames: Menchito, 02, and Jr.
Oseguera-Gonzalez faces a mandatory minimum penalty of 40 years in prison and a statutory maximum penalty of life plus 30 years in prison. A sentencing hearing is scheduled for Jan. 10, 2025. A federal district court judge will determine the sentence after considering the U.S. Sentencing Guidelines and other statutory factors.
The DEA Los Angeles Field Division investigated the case with the assistance of the U.S. Marshals Service. The Justice Department’s Office of International Affairs provided critical assistance in securing the extradition of Oseguera-Gonzalez and in obtaining important evidence for the trial. The Criminal Division’s Office of Enforcement Operations provided significant assistance. The Justice Department thanks Mexican authorities for their assistance in securing the extradition of Oseguera-Gonzalez and in securing evidence and testimony presented in court.
Acting Deputy Chief Kaitlin Sahni and Trial Attorneys Kate Naseef, Jonathan R. Hornok, and Lernik Begian of the Criminal Division’s Narcotic and Dangerous Drug Section are prosecuting the case.
This effort is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) operation. OCDETF identifies, disrupts, and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach. Additional information about the OCDETF Program can be found at www.justice.gov/OCDETF.
WASHINGTON, D.C. – U.S. Senator Jacky Rosen (D-NV) joined Senate colleagues in filing an amicus brief supporting the federal law they helped pass to give Medicare the power to negotiate for lower prescription drug prices. The brief, which was filed in AstraZeneca Pharmaceuticals v. Becerra; Bristol Myers Squibb Co. v. Becerra; and Janssen Pharmaceuticals, Inc. v. Becerra, urges the United States Court of Appeals for the Third Circuit to uphold the constitutionality of Congress allowing Medicare to negotiate lower drug prices for consumers. The brief argues that the Constitution empowers Congress to enact policy reforms and improve federal programs.
“Appellants now attempt to accomplish through judicial action what they could not through the legislative process. Appellants’ position in this litigation boils down to the argument that the United States Constitution prohibits the federal government from negotiating the prices of the products it purchases,” wrote the Senators. “Appellants seek to prevent reform of a purchasing process that Congress itself made. They argue that Congress, having created this process, now cannot unmake the process or even amend it for the benefit of the American public and the American taxpayer.”
“As the Appellees’ brief ably explains, the Appellants’ position is wrong as a matter of constitutional law. Congress improves laws all the time. Congress has the right and indeed the duty to do so,” they continued. “The Program takes nothing from the pharmaceutical industry—not its drugs and not its patents. The Program does not coerce industry participants to do or say anything. Like every other market participant, manufacturers may sell their products at prices buyers think is fair (or not fair) and buyers may make market choices in turn.”
The Senators conclude by asking the U.S. Court of Appeals for the Third Circuit to affirm that there has been no constitutional violation in allowing Medicare to negotiate lower drug prices for consumers.
The lawmakers’ amicus brief to the U.S. Court of Appeals for the Third Circuit can be read in full HERE.
Senator Rosen has been leading the fight to lower prescription drug costs. Earlier this year, she introduced bipartisan legislation to lower out-of-pocket prescription drug costs for seniors. Senator Rosen also announced that starting this year, Nevada seniors will have their annual out-of-pocket costs for brand-name prescription drugs effectively capped at $3,300 a year as a result of the legislation she helped pass. Thanks to the Inflation Reduction Act, Senator Rosen helped lower prescription drug costs for seniors, lower health care premiums, and cap the insulin costs for those on Medicare Part D at $35/month per prescription.
Source: United States Senator for New Jersey Cory Booker
WASHINGTON, D.C. – Today, U.S. Senator Cory Booker (D-NJ) and U.S. Representative Raúl M. Grijalva (D-AZ-07) introduced the Tribal Heritage and American Bison, Grizzly Bear, and Wolf Restoration and Coexistence Act, legislation to establish permanent federal protections for these three species and expand recovery efforts and coexistence measures. Additionally, the bill would enhance existing tribal management authorities over these species by creating oversight committees that work in unison with Indian Tribes to identify tribal lands suitable for possible reintroduction efforts.
“American bison, grizzly bears, and gray wolves are iconic American species and are timeless symbols of our nation’s heritage, yet these animals were driven to the brink of extinction,” said Senator Booker. “Building on the success of past conservation legislation like the American Bald and Golden Eagle Protection Act and the Marine Mammal Protection Act, I am proud to introduce legislation that directs the Secretary of the Interior to works closely with Indigenous communities to ensure permanent protection for these animals.”
“Bison, grizzly bears, and wolves hold significant spiritual, cultural, and ecological value to many tribal communities and our nation,” said House Natural Resources Committee Ranking Member Raúl M. Grijalva. “I’m proud to introduce this legislation with Senator Booker to enshrine protections for these species and ensure that conservation and management are conducted in close consultation with Tribal Nations. For centuries, the United States’ policies have systematically failed to honor our treaties, harming Tribal Nations and resulting in significant cultural losses and ecological damage. Congress has a trust responsibility to move forward from past injustices and craft policies for the future that are based on respect and recognition of Tribal Nations’ leadership in recovering these iconic species and their habitats.”
American bison, grizzly bears, and gray wolves hold important cultural significance to the Indigenous peoples of North America. Despite their important ecological roles and cultural symbolism, during the 19th and 20th century each of these species were hunted to the point of eradication from most of their historic range throughout the continental United States. The elimination of these animals from their traditional ranges has dramatically compromised the integrity of their former ecosystems. Continuing to reestablish their presence – and prohibiting future eradication efforts – will restore the health of these ecosystems.
As seen with the 1995 reintroduction of gray wolves in Yellowstone National Park, reestablishing keystone species in their former ranges can have significant benefits to the ecosystem. The 1995 introduction rebalanced elk and deer populations, allowing vegetation to flourish in response to reduced herbivore grazing pressure. This landmark conservation effort helped re-stabilize the Yellowstone ecosystem, while creating an immense boom in ecotourism revenue that now generates an annual average of over $80 million for local economies in the Greater Yellowstone region. Grizzly bears play a similar role by regulating prey populations and preventing overgrazing, while bison grazing and foraging aid in plant growth and increase biodiversity by aerating soil and dispersing native seeds. These are just a few examples that demonstrate the positive impacts that bison, grizzly bears, and wolves have on North American ecosystems.
Specifically, the Tribal Heritage and American Bison, Grizzly Bear, and Wolf Restoration and Coexistence Act would:
1. Prohibit the take, possession, purchase, sale, or transport of American bison, grizzly bears, and wolves, exclusive of captive-bred bison intended for human consumption, with targeted exceptions authorizing the Secretary of the Interior to issue permits for scientific or conservation purposes and for protection of agricultural interests and public safety.
2. Exempt religious, cultural or treaty-reserved purposes of Federally recognized Indian Tribes.
3. Provide for civil and criminal penalties for violations.
4. Require consultation with federally recognized Indian Tribes before a take permit is issued under this Act or before any activity is carried out on the Tribal land of a federally recognized Indian Tribe that may negatively impact habitat or increase mortality of bison, grizzly bears or wolves.
5. Authorize federally recognized Indian Tribes, in consultation with the Secretary, to manage bison, grizzly bears and wolves reintroduced on Tribal land.
“In the gulf coast of Texas remains a species of wolf called “The Ghost” wolf for its elusive nature and ability to ‘come back from the dead’. After generations of persecution, encroachment, and habitat loss, the Red Wolf was thought to be extinct, but that wasn’t the case. This story is much like the story of my people, the Karankawa. By hiding in plain sight, mixing and adapting to our ever-changing environment, both of us are still here. If only there had been a system in place like this legislation proposes today; that defends and protects, under the wings of their original stewards, our relatives who defend biodiversity, health, culture, and the climate,” said Chiara Beaumont, Karankawa.
“Indigenous peoples, like our relatives the Buffalo, Grizzly and Wolves have distinct cosmology with our natural world. We have inhabited our natural world prior to colonization, dating back to our creation stories. “Comes Holy” a white buffalo was born June 4, 2024 and fulfills a prophecy that teaches our human relatives that spiritual unity is of essence to our survival. Indigenous people speak on behalf of those who cannot – the Buffalo, Grizzlies and Wolves,” said Vivian Delgado, Yaqui.
“We must protect and speak for our sacred relatives because they can’t speak for themselves. For they maintain an ecological balance that is imperative for our survival, knowledge and growth. Just like we seek guidance from our elders, we are also guided by our relatives of the Wolf Nation. By protecting and restoring our bond with our relatives we receive their teachings and many blessings. Through this we can begin to heal our relationship with ourselves, others and Mother Earth,” said Osvaldo Cabral, Huichol.
“This legislation reverses the current doom narrative, instead asks, “What do we stand to gain and how fast.” This fresh novel inquiry is the best approach to wildlife coexistence, reversing climate warming, stemming biodiversity loss and move humans to right relationship with the natural world. This legislative framework utilizes, to the fullest, traditional ecological knowledge together with western science in tribal Co-stewardship decision-making collaboratives for conservation, restoration and protection of our 4-leg relatives, their habitat and their natural active role in maintaining overall ecological health,” said Dallas Gudgell, Yankton Dakota.
“Our relatives within the Greater Yellowstone Ecosystem and the nation, from all walks of life, whether they are keystone species, like buffalo or an apex predator, deserve to be protected from corporate interests and settler-colonial practices that put private interests above the American public and the original occupants of the land,”said Devin Oldman, Arapaho.
“All these species are important and it is that, also, we need their “spirit” in our world to live as the Creator wants us to,” said Allen Pinkham, Nez Perce.
“In 2021 President Joe Biden issued an executive order that elevated Indigenous Traditional Ecological Knowledge and ancestral wisdom into federal policy decisions. “Indigenous Knowledge cannot be separated from the people inextricably connected to that knowledge,” the order states. “It applies to phenomena across biological, physical, social, cultural, and spiritual systems.” Indigenous Peoples worldwide “manage over 24% of land, which contains about 40% of all ecologically intact landscapes and protected areas left on the planet, and a staggering 80% of the world’s biodiversity.” Now is the time for Native people to share stories about the wolves, bison and Grizzley bears that would receive lasting protections under this senate bill, which began in 2019 with House Bill 2532, originally co-sponsored by Representative Deb Haaland, who is now by the first Native director of the Department of the Interior,” said Tony Evans, Mohawk.
“The relationship between Indigenous peoples and animals like wolves, grizzly bears, and buffalo is deeply rooted in spiritual, cultural, and ecological significance. These animals are not just seen as wildlife but as relatives and integral parts of the natural world, embodying lessons, symbols, and connections that are vital to the balance of life. The protection of wolves, grizzly bears, and buffalo is not only about preserving species but also about maintaining the natural order and the sacred bonds that sustain life. In this way, the relationship with these animals is a profound reminder of the responsibilities humans have to the Earth and all living beings. The respect and reverence for these animals are central to Indigenous teachings, which stress that all life is interconnected, and the well-being of one species affects the well-being of all.”said Red Fawn Janis, Iglala Lakota.
“The wolf, who is named Ma’iingan by the Anishinaabe people of the Great Lakes, carries core cultural teachings that are necessary for us to understand how to live in accordance with our instructions as responsible and moral beings. The unanimous rejection of a recreational wolf hunt by every Federally recognized tribe in Michigan underscores how integral the living presence of Ma’iingan is to our continued existence as Anishinaabek. From the beginning, our fates have run parallel, and it is deeply necessary that we continue to reside on these lands together with Ma’iingan. Kchi miigwech, much gratitude, to Senator Booker for his leadership and rational insistence that our relationship with the natural world is foundationally important,” said Dr. Nichole Keway Biber, Little Traverse Bay Bands of Odawa Indians.
To read the full text of the bill, click here.
To read the section by section summary, click here.
Source: United States House of Representatives – Congresswoman Yvette D Clarke (9th District of New York)
FOR IMMEDIATE RELEASE
September 20, 2024
MEDIA CONTACT
e: jessica.myers@mail.house.gov
c: 202.913.0126
WASHINGTON, D.C. – Today, Haiti Caucus Co-Chairs Congresswomen Yvette D. Clarke (NY-09), Ayanna Pressley (MA-07), Sheila Cherfilus-McCormick (FL-20), and Congressman Maxwell Frost (FL-10) joined colleagues and advocates to stand together in solidarity with Haitian immigrants in Springfield, Ohio and across America, and to demand accountability for the harmful and false narratives perpetuated by Republicans. Additionally, the Members announced the introduction of legislation to condemn the racism and bigotry Haitian immigrant communities have faced in the aftermath of the GOP’s disinformation campaign, and to celebrate the humanity and contributions of the Haitian community
“At a time when the Haitian people are suffering through a series of devastating, catastrophic crises, it is utterly contemptible that America’s most powerful would capitalize on the pain of those seeking safety in this country to amplify their anti-immigrant rhetoric. From Springfield, Ohio, to New York’s 9th District, to every corner of this nation where Haitian immigrants reside, these dangerous, disproven lies have brought real harm to those only seeking better lives for themselves and their families,” said Congresswoman Yvette D. Clarke.“The extreme forces spreading this disinformation demand more than our universal condemnation, but a moral and humanitarian promise that we will not abandon our Haitian American neighbors to their cruelty. I am proud to stand alongside my colleagues and our many like-minded allies to reject the hatred of powerful politicians, billionaires, and extreme activists. Make no mistake – we will always rise to protect the right of immigrants to this nation to find their own American Dream.”
“The flagrant lies about the Haitian community perpetuated and amplified by Trump and Vance are disgraceful, dehumanizing, and outright dangerous – and we must call them out,” said Congresswoman Ayanna Pressley. “As Congresswoman for the third largest Haitian diaspora community in the country, I want our Haitian neighbors to know that we see them and we stand with them. I was proud to join my Haiti Caucus colleagues to condemn this hate and unveil a resolution to celebrate and affirm the dignity, humanity, and contributions of our Haitian families. Congressional intent is powerful and Congress must pass it without delay.”
“The baseless and racist attacks against innocent Haitian migrants and Haitian Americans cannot go unchecked. These are lies that only seek to hurt Haitian people and help MAGA extremists divide our country so they can win an election. I am proud to introduce this resolution alongside Reps. Clarke, Pressley, and Cherfilus-McCormick to forcefully condemn these attacks and send a clear message that this rhetoric is disgusting, hateful, and wrong,” said Congressman Maxwell Frost. “The Haitian community is beautiful, diverse, and an important part of the fabric of our country. Every single member of Congress regardless of party should be able to stand firmly in support of our resolution to condemn any and all hate against the Haitian community.”
“Immigrants, including Haitians, came to the United States in pursuit of the American dream. When family-owned businesses in Springfield, Ohio were struggling to fill positions and keep production running, Haitian immigrants stepped up. These are hardworking people who have greatly contributed to the economy and have revived Springfield after decades of turmoil,” said Congresswoman Sheila Cherfilus-McCormick. “Politics should not divide our communities. It is our responsibility to protect our communities from hateful rhetoric and work to provide them with the resources they need to thrive.”
“The campaign to denigrate Haitians as unfit to be in America Is a campaign against all immigrants, against decency and against persons of good will who wish to live peacefully in a diverse and culturally rich America. The hate-mongering has no other purpose than to divide and conquer by scaring people away from the voting booth. We won’t be deterred,” said Jocelyn McCalla, Senior Policy advisor for the Haitian-American Foundation for Democracy.
“The recent threats against Haitians in Springfield highlight a disturbing trend toward division rather than unity. I call upon the officials in Ohio to provide support and protection for Haitians and to stand against hatred. We urge our allies to join us in this fight for justice and solidarity for all communities facing discrimination,” saidMary Estimé-Irvin, Chairwoman, National Haitian American Elected Officials Network.
“This narrative about Haitian migrants that we are seeing today is based on racist policies that saw the US government detain Black Haitians in Florida and Guantanamo Bay while at the same time admitting white Cubans into the US. The dehumanization of Black migrants is a constant thread in this country’s history – and today we see similar racial inequities with Ukrainians vs Black and brown migrants at the US southern border and within the country,” saidRonald Claude, BAJI’s Policy Director. “The question we must ask ourselves is why are Black migrants treated as a burden for this country while white migrants are welcomed?”
“The African Diaspora, including Haitian immigrant community has been instrumental in shaping America’s economic, cultural, and social landscape. We all stand in solidarity with their pain. Haitians contributed to the emancipation of African people. They continue to play a vital role in building a brighter future for our Springfield and our nation. We are urging all U.S political leaders to run their campaign with integrity, dignity and respect. It is critical that we continue to protect our democracy and the great values that America symbolizes,” said Princess Philomina Desmond, Chair, Virginia Africa Diaspora Caucus, Board Member, African Diaspora for Good Governance
Photos from the press conference can be viewed here.
Click here for the full text of H.Res.1473 – To condemn racism and bigotry towards Haitian people, to celebrate the vast contributions of people of Haitian descent to the United States, to condemn the spread of misinformation, and to call on Americans to affirm our shared humanity.
Source: United States House of Representatives – Congressman Al Green (TX-9)
(Houston, TX) — On Saturday, September 7, 2024, Congressman Al Green together with Texas Senator Carol Alvarado, Texas State Representative Christina Morales, and Harris County Commissioner Adrian Garcia will host a resource fair. The purpose of this event is to provide local, state, and federal resources to the Greater Houston community. Services available include food assistance, disaster preparedness kits, free books for children, information about free healthcare clinics for teens, metro discount cards, and more. The event will take place at The R.O.C.K. Church Broadway Campus in the Hobby Airport Area, at 4101 Broadway Street, Houston, Texas at 10:00 a.m. CT. A press conference is scheduled for 10:30 a.m. CT.
Congressman Al Green expressed, “I am honored to host this resource fair with public officials as well as local, state, and federal agencies. Many of our constituents require assistance with healthcare, education, food security, and transportation, yet are unaware of the resources available to them through government agencies. The resource fair will provide some essential information, assistance, supplies, and access to services to help improve their quality of life.”
Click here to watch the Facebook Live Stream of the press conference at 10:30 a.m. CT.
Source: United States House of Representatives – Congressman Al Green (TX-9)
(Houston, TX) — Today, Congressman Al Green recognizes the second anniversary of the Inflation Reduction Act of 2022 (IRA). The IRA, which Congressman Green voted for, lowers prescription drug prices, invests in domestic energy production while promoting clean energy, and helps reduce the federal budget deficit. With this legislation, Democrats and the Biden-Harris Administration have enabled the Centers for Medicare & Medicaid Services (CMS) to negotiate lower prescription drug costs for Medicare beneficiaries. CMS has now negotiated prices for 10 major prescription medications – Eliquis, Jardiance, Xarelto, Januvia, Farxiga, Entresto, Enbrel, Imbruvica, Stelara, and NovoLog/Fiasp.
The IRA has successfully decreased the average cost of healthcare coverage by $2,400 per family; placed a cap on insulin costs at $35 per month for seniors under Medicare; and limited out-of-pocket drug expenses for seniors to $2,000 per year. In the Ninth Congressional District of Texas, 29,000 Medicare beneficiaries will benefit from the IRA drug pricing reforms this year, with estimated total savings of $5.7 million. In 2024, these beneficiaries are projected to save an average of $196. By 2025, district-wide savings are projected to rise to $11 million, benefiting 33,000 Medicare beneficiaries.
Congressman Al Green stated, “Lower drug costs are crucial to ensuring that seniors, individuals with disabilities, and underserved communities can access affordable healthcare and life saving prescriptions. CMS’s successful negotiation of lower prices for 10 commonly used medications that beneficiaries depend on, including insulin, is a vital step in reducing the financial burden of these medications. I look forward to future steps that will help ensure that everyone has the opportunity to lead healthier lives without facing undue economic barriers.”
On September 18, 2024 at approximately 9:30 p.m., Moosomin RCMP received a report of a two-vehicle collision on Highway #1, approximately 2 kilometers east of Wapella, SK.
Officers responded along with local fire and EMS. Investigation determined a semi and truck collided. The passenger in the truck was declared deceased by EMS at the scene. She has been identified as a 22-year-old female from Grand Prairie, AB. Her family has been notified.
The driver of the truck was transported to hospital by EMS with injuries described as non-life threatening.
The driver of the semi reported no physical injuries to police.
As a result of investigation, 21-year-old Zachory Taylor from Codette, SK is charged with:
one count, operation while impaired of motor vehicle causing death, Section 320.14(3), Criminal Code;
one count, operation while prohibited, Section 320.18, Criminal Code; and
one count, dangerous operation of motor vehicle, Section 320.13(1), Criminal Code.
Zachory Taylor was also arrested on outstanding warrants from Nipawin RCMP and Weyburn Police Service.
Zachory Taylor is scheduled to appear in Yorkton Provincial Court on September 23, 2024 (Information #90527573).
Moosomin RCMP continue to investigate with the assistance of a Saskatchewan RCMP collision reconstructionist
After five days of trial, a federal jury convicted Richard Bhoolai, 65, of Cincinnati, today for failing to pay taxes he withheld from employees’ wages at three restaurants he owned and operated.
According to evidence presented at trial, Bhoolai owned and operated Richie’s Fast Food Restaurants Inc., an S-Corporation used to operate three fried chicken restaurants in the Cincinnati area since 1991. Bhoolai was responsible for withholding Social Security, Medicare and income taxes from employees’ wages and paying those funds over to the IRS. Bhoolai employed between 22 and 34 employees between at least 2017 and 2018. During that time, he withheld taxes from employees’ wages but did not pay them over to the IRS. Prior to that time, Bhoolai had not paid over such taxes from earlier years and the IRS had assessed a penalty against him for failing to do so. Instead of paying over the taxes, Bhoolai used money from the businesses for his personal benefit, including gambling.
The jury found Bhoolai guilty of eight counts of failing to pay over taxes for four quarters in 2017 and four quarters in 2018. Bhoolai’s sentencing date has not yet been set. He faces a maximum penalty of five years in prison for each failure to pay taxes count. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors. U.S. District Judge Douglas R. Cole for the Southern District of Ohio presided over the jury trial.
Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division and U.S. Attorney Kenneth Parker for the Southern District of Ohio made the announcement.
IRS Criminal Investigation investigated the case.
Trial Attorney Alexandra K. Fleszar of the Justice Department’s Tax Division and Assistant U.S. Attorney Ebunoluwa Taiwo for the Southern District of Ohio prosecuted the case.
After five days of trial, a federal jury convicted Richard Bhoolai, 65, of Cincinnati, today for failing to pay taxes he withheld from employees’ wages at three restaurants he owned and operated.
According to evidence presented at trial, Bhoolai owned and operated Richie’s Fast Food Restaurants Inc., an S-Corporation used to operate three fried chicken restaurants in the Cincinnati area since 1991. Bhoolai was responsible for withholding Social Security, Medicare and income taxes from employees’ wages and paying those funds over to the IRS. Bhoolai employed between 22 and 34 employees between at least 2017 and 2018. During that time, he withheld taxes from employees’ wages but did not pay them over to the IRS. Prior to that time, Bhoolai had not paid over such taxes from earlier years and the IRS had assessed a penalty against him for failing to do so. Instead of paying over the taxes, Bhoolai used money from the businesses for his personal benefit, including gambling.
The jury found Bhoolai guilty of eight counts of failing to pay over taxes for four quarters in 2017 and four quarters in 2018. Bhoolai’s sentencing date has not yet been set. He faces a maximum penalty of five years in prison for each failure to pay taxes count. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors. U.S. District Judge Douglas R. Cole for the Southern District of Ohio presided over the jury trial.
Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division and U.S. Attorney Kenneth Parker for the Southern District of Ohio made the announcement.
IRS Criminal Investigation investigated the case.
Trial Attorney Alexandra K. Fleszar of the Justice Department’s Tax Division and Assistant U.S. Attorney Ebunoluwa Taiwo for the Southern District of Ohio prosecuted the case.