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Category: Transport

  • MIL-OSI Analysis: Uranium enrichment: A chemist explains how the surprisingly common element is processed to power reactors and weapons

    Source: The Conversation – USA – By André O. Hudson, Dean of the College of Science, Professor of Biochemistry, Rochester Institute of Technology

    Yellowcake is a concentrated form of mined and processed uranium. Nuclear Regulatory Commission, CC BY

    When most people hear the word uranium, they think of mushroom clouds, Cold War standoffs or the glowing green rods from science fiction. But uranium isn’t just fuel for apocalyptic fears. It’s also a surprisingly common element that plays a crucial role in modern energy, medicine and geopolitics.

    Uranium reentered the global spotlight in June 2025, when the U.S. launched military strikes on sites in Iran believed to be housing highly enriched uranium, a move that reignited urgent conversations around nuclear proliferation. Many headlines have mentioned Iran’s 60% enrichment of uranium, but what does that really mean?

    As a biochemist, I’m interested in demystifying this often misunderstood element.

    What is uranium?

    Uranium holds the 92nd position on the periodic table, and it is a radioactive, metallic element. Radioactivity is a natural process where some atoms – like uranium, thorium and radium – break down on their own, releasing energy.

    The German chemist Martin Heinrich Klaproth initially identified uranium in 1789, and he named it after the newly discovered planet Uranus. However, its power was not unlocked until the 20th century, when scientists discovered that uranium atoms could split via a process known as nuclear fission. In fission, the nucleus of the atom splits into two or more nuclei, which releases large amounts of energy.

    Uranium is found almost everywhere. It is in rocks, soil and water. There are even traces of uranium in plants and animals – albeit tiny amounts. Most of it is found in the Earth’s crust, where it is mined and concentrated to increase the amount of its most useful radioactive form, uranium-235.

    The enrichment dilemma

    Uranium-235 is an isotope of uranium, which is a version of an element that has the same basic identity but weighs a little more or less. Think about apples from the same tree. Some are big and some are small, but they are all apples – even though they have slightly different weights. Basically, an isotope is the same element but with a different mass.

    Unprocessed uranium is mostly uranium-238. It only contains approximately 0.7% uranium-235, the isotope that allows the most nuclear fission to occur. So, the enrichment process concentrates uranium-235.

    Enrichment can make uranium more useful for the development of nuclear weapons, since natural uranium doesn’t have enough uranium-235 to work well in reactors or weapons. The process usually contains three steps.

    Centrifuges spin the uranium to separate out its isotopes.

    The first step is to convert the uranium into a gas, called uranium hexafluoride. In the second step, the gas gets funneled into a machine called a centrifuge that spins very fast. Because uranium-235 is a little lighter than uranium-238, it moves outward more slowly when spun, and the two isotopes separate.

    It’s sort of like how a salad spinner separates water from lettuce. One spin doesn’t make much of a difference, so the gas is spun through many centrifuges in a row until the uranium-235 is concentrated.

    Uranium can typically power nuclear plants and generate electricity when it is 3%-5% enriched, meaning 3%-5% of the uranium is uranium-235. At 20% enriched, uranium-235 is considered highly enriched uranium, and 90% or higher is known as weapons-grade uranium.

    The enrichment level depends on the proportion of uranium-235 to uranium-238.
    Wikimedia Commons

    This high grade works in nuclear weapons because it can sustain a fast, uncontrolled chain reaction, which releases a large amount of energy compared with the other isotopes.

    Uranium’s varied powers

    While many headlines focus on uranium’s military potential, this element also plays a vital role in modern life. At low enrichment levels, uranium powers nearly 10% of the world’s electricity.

    In the U.S., many nuclear power plants run on uranium fuel, producing carbon-free energy. In addition, some cancer therapies and diagnostic imaging technologies harness uranium to treat diseases.

    Enriched uranium is used for nuclear power.
    Raimond Spekking/Wikimedia Commons, CC BY-SA

    In naval technology, nuclear-powered submarines and aircraft carriers rely on enriched uranium to operate silently and efficiently for years.

    Uranium is a story of duality. It is a mineral pulled from ancient rocks that can light up a city or wipe one off the map. It’s not just a relic of the Cold War or science fiction. It’s real, it’s powerful, and it’s shaping our world – from global conflicts to cancer clinics, from the energy grid to international diplomacy.

    In the end, the real power is not just in the energy released from the element. It is in how people choose to use it.

    André O. Hudson receives funding from the National Institutes of Health.

    – ref. Uranium enrichment: A chemist explains how the surprisingly common element is processed to power reactors and weapons – https://theconversation.com/uranium-enrichment-a-chemist-explains-how-the-surprisingly-common-element-is-processed-to-power-reactors-and-weapons-259646

    MIL OSI Analysis –

    June 27, 2025

  • MIL-OSI Analysis: Uranium enrichment: A chemist explains how the surprisingly common element is processed to power reactors and weapons

    Source: The Conversation – USA – By André O. Hudson, Dean of the College of Science, Professor of Biochemistry, Rochester Institute of Technology

    Yellowcake is a concentrated form of mined and processed uranium. Nuclear Regulatory Commission, CC BY

    When most people hear the word uranium, they think of mushroom clouds, Cold War standoffs or the glowing green rods from science fiction. But uranium isn’t just fuel for apocalyptic fears. It’s also a surprisingly common element that plays a crucial role in modern energy, medicine and geopolitics.

    Uranium reentered the global spotlight in June 2025, when the U.S. launched military strikes on sites in Iran believed to be housing highly enriched uranium, a move that reignited urgent conversations around nuclear proliferation. Many headlines have mentioned Iran’s 60% enrichment of uranium, but what does that really mean?

    As a biochemist, I’m interested in demystifying this often misunderstood element.

    What is uranium?

    Uranium holds the 92nd position on the periodic table, and it is a radioactive, metallic element. Radioactivity is a natural process where some atoms – like uranium, thorium and radium – break down on their own, releasing energy.

    The German chemist Martin Heinrich Klaproth initially identified uranium in 1789, and he named it after the newly discovered planet Uranus. However, its power was not unlocked until the 20th century, when scientists discovered that uranium atoms could split via a process known as nuclear fission. In fission, the nucleus of the atom splits into two or more nuclei, which releases large amounts of energy.

    Uranium is found almost everywhere. It is in rocks, soil and water. There are even traces of uranium in plants and animals – albeit tiny amounts. Most of it is found in the Earth’s crust, where it is mined and concentrated to increase the amount of its most useful radioactive form, uranium-235.

    The enrichment dilemma

    Uranium-235 is an isotope of uranium, which is a version of an element that has the same basic identity but weighs a little more or less. Think about apples from the same tree. Some are big and some are small, but they are all apples – even though they have slightly different weights. Basically, an isotope is the same element but with a different mass.

    Unprocessed uranium is mostly uranium-238. It only contains approximately 0.7% uranium-235, the isotope that allows the most nuclear fission to occur. So, the enrichment process concentrates uranium-235.

    Enrichment can make uranium more useful for the development of nuclear weapons, since natural uranium doesn’t have enough uranium-235 to work well in reactors or weapons. The process usually contains three steps.

    Centrifuges spin the uranium to separate out its isotopes.

    The first step is to convert the uranium into a gas, called uranium hexafluoride. In the second step, the gas gets funneled into a machine called a centrifuge that spins very fast. Because uranium-235 is a little lighter than uranium-238, it moves outward more slowly when spun, and the two isotopes separate.

    It’s sort of like how a salad spinner separates water from lettuce. One spin doesn’t make much of a difference, so the gas is spun through many centrifuges in a row until the uranium-235 is concentrated.

    Uranium can typically power nuclear plants and generate electricity when it is 3%-5% enriched, meaning 3%-5% of the uranium is uranium-235. At 20% enriched, uranium-235 is considered highly enriched uranium, and 90% or higher is known as weapons-grade uranium.

    The enrichment level depends on the proportion of uranium-235 to uranium-238.
    Wikimedia Commons

    This high grade works in nuclear weapons because it can sustain a fast, uncontrolled chain reaction, which releases a large amount of energy compared with the other isotopes.

    Uranium’s varied powers

    While many headlines focus on uranium’s military potential, this element also plays a vital role in modern life. At low enrichment levels, uranium powers nearly 10% of the world’s electricity.

    In the U.S., many nuclear power plants run on uranium fuel, producing carbon-free energy. In addition, some cancer therapies and diagnostic imaging technologies harness uranium to treat diseases.

    Enriched uranium is used for nuclear power.
    Raimond Spekking/Wikimedia Commons, CC BY-SA

    In naval technology, nuclear-powered submarines and aircraft carriers rely on enriched uranium to operate silently and efficiently for years.

    Uranium is a story of duality. It is a mineral pulled from ancient rocks that can light up a city or wipe one off the map. It’s not just a relic of the Cold War or science fiction. It’s real, it’s powerful, and it’s shaping our world – from global conflicts to cancer clinics, from the energy grid to international diplomacy.

    In the end, the real power is not just in the energy released from the element. It is in how people choose to use it.

    André O. Hudson receives funding from the National Institutes of Health.

    – ref. Uranium enrichment: A chemist explains how the surprisingly common element is processed to power reactors and weapons – https://theconversation.com/uranium-enrichment-a-chemist-explains-how-the-surprisingly-common-element-is-processed-to-power-reactors-and-weapons-259646

    MIL OSI Analysis –

    June 27, 2025

  • MIL-OSI Analysis: Israel bombed an Iraqi nuclear reactor in 1981 − it pushed program underground and spurred Saddam Hussein’s desire for nukes

    Source: The Conversation – Global Perspectives – By Jeffrey Fields, Professor of the Practice of International Relations, USC Dornsife College of Letters, Arts and Sciences

    The Osirak nuclear power research station in 1981. Jacques Pavlovsky/Sygma via Getty Images

    Israel, with the assistance of U.S. military hardware, bombs an adversary’s nuclear facility to set back the perceived pursuit of the ultimate weapon. We have been here before, about 44 years ago.

    In 1981, Israeli fighter jets supplied by Washington attacked an Iraqi nuclear research reactor being built near Baghdad by the French government.

    The reactor, which the French called Osirak and Iraqis called Tammuz, was destroyed. Much of the international community initially condemned the attack. But Israel claimed the raid set Iraqi nuclear ambitions back at least a decade. In time, many Western observers and government officials, too, chalked up the attack as a win for nonproliferation, hailing the strike as an audacious but necessary step to prevent Iraqi dictator Saddam Hussein from building a nuclear arsenal.

    But the reality is more complicated. As nuclear proliferation experts assess the extent of damage to Iran’s nuclear facilities following the recent U.S. and Israeli raids, it is worth reassessing the longer-term implications of that earlier Iraqi strike.

    The Osirak reactor

    Iraq joined the landmark Nuclear Non-Proliferation Treaty in 1970, committing the country to refrain from the pursuit of nuclear weapons. But in exchange, signatories are entitled to engage in civilian nuclear activities, including having research or power reactors and access to the enriched uranium that drives them.

    The International Atomic Energy Agency is responsible through safeguards agreements for monitoring countries’ civilian use of nuclear technology, with on-the-ground inspections to ensure that civilian nuclear programs do not divert materials for nuclear weapons.

    But to Israel, the Iraqi reactor was provocative and an escalation in the Arab-Israeli conflict.

    Israel believed that Iraq would use the French reactor – Iraq said it was for research purposes – to generate plutonium for a nuclear weapon. After diplomacy with France and the United States failed to persuade the two countries to halt construction of the reactor, Prime Minister Menachem Begin concluded that attacking the reactor was Israel’s best option. That decision gave birth to the “Begin Doctrine,” which has committing Israel to preventing its regional adversaries from becoming nuclear powers ever since.

    Israeli Prime Minister Menachem Begin addresses the press after the 1981 attack on the Osarik nuclear reactor.
    Israel Press and Photo Agency/Wikimedia Commons

    In spring 1979, Israel attempted to sabotage the project, bombing the reactor core destined for Iraq while it sat awaiting shipment in the French town of La Seyne-sur-Mer. The mission was only a partial success, damaging but not destroying the reactor.

    France and Iraq persisted with the project, and in July 1980 – with the reactor having been delivered – Iraq received the first shipment of highly enriched uranium fuel at the Tuwaitha Nuclear Research Center near Baghdad.

    Then in September 1980, during the initial days of the Iran-Iraq war, Iranian jets struck the nuclear research center. The raid also targeted a power station, knocking out electricity in Baghdad for several days. But a Central Intelligence Agency situation report assessed that “only secondary buildings” were hit at the nuclear site itself.

    It was then Israel’s turn. The reactor was still unfinished and not in operation when on June 7, 1981, eight U.S.-supplied F-16s flew over Jordanian and Saudi airspace and bombed the reactor in Iraq. The attack killed 10 Iraqi soldiers and a French civilian.

    Revisiting the ‘success’ of Israeli raid

    Many years later, U.S. President Bill Clinton commented: “Everybody talks about what the Israelis did at Osirak in 1981, which I think, in retrospect, was a really good thing. You know, it kept Saddam from developing nuclear power.”

    But nonproliferation experts have contended for years that while Saddam may have had nuclear weapons ambitions, the French-built research reactor would not have been the route to go. Iraq would either have had to divert the reactor’s highly enriched uranium fuel for a few weapons or shut the reactor down to extract plutonium from the fuel rods – all while hiding these operations from the International Atomic Energy Agency.

    As an additional safeguard, the French government, too, had pledged to shut down the reactor if it detected efforts to use the reactor for weapons purposes.

    In any event, Iraq’s desire for a nuclear weapon was more aspirational than operational. A 2011 article in the journal International Security included interviews with several scientists who worked on Iraq’s nuclear program and characterized the country’s pursuit of a nuclear weapons capability as “both directionless and disorganized” before the attack.

    Iraq’s program begins in earnest

    So what happened after the strike? Many analysts have argued that the Israeli attack, rather than diminish Iraqi desire for a nuclear weapon, actually catalyzed it.

    Nuclear proliferation expert Målfrid Braut-Hegghammer, the author of the 2011 study, concluded that the Israeli attack “triggered a nuclear weapons program where one did not previously exist.”

    In the aftermath of the attack, Saddam decided to formally, if secretively, establish a nuclear weapons program, with scientists deciding that a uranium-based weapon was the best route. He tasked his scientists with pursuing multiple methods to enrich uranium to weapons grade to ensure success, much the way the Manhattan Project scientists approached the same problem in the U.S.

    In other words, the Israeli attack, rather than set back an existing nuclear weapons program, turned an incoherent and exploratory nuclear endeavor into a drive to get the bomb personally overseen by Saddam and sparing little expense even as Iraq’s war with Iran substantially taxed Iraqi resources.

    From 1981 to 1987, the nuclear program progressed fitfully, facing both organizational and scientific challenges.

    As those challenges were beginning to be addressed, Iraq invaded Kuwait in 1990, provoking a military response from the United States. In the aftermath of what would become Operation Desert Storm, U.N. weapons inspectors discovered and dismantled the clandestine Iraqi nuclear weapons program.

    The Tammuz nuclear reactor was hit again during the 1991 Gulf War.
    Ramzi Haidar/AFP via Getty Images

    Had Saddam not invaded Kuwait over a matter not related to security, it is very possible that Baghdad would have had a nuclear weapon capability by the mid-to-late 1990s.

    Similarly to Iraq in 1980, Iran today is a party to the Nuclear Non-Proliferation Treaty. At the time President Donald Trump withdrew U.S. support in 2018 for the Joint Comprehensive Plan of Action, colloquially known as the Iran nuclear deal, the International Atomic Energy Agency certified that Tehran was complying with the requirements of the agreement.

    In the case of Iraq, military action on its nascent nuclear program merely pushed it underground – to Saddam, the Israeli strikes made acquiring the ultimate weapon more rather than less attractive as a deterrent. Almost a half-century on, some analysts and observers are warning the same about Iran.

    Jeffrey Fields receives funding from the Carnegie Corporation of New York and Schmidt Futures.

    – ref. Israel bombed an Iraqi nuclear reactor in 1981 − it pushed program underground and spurred Saddam Hussein’s desire for nukes – https://theconversation.com/israel-bombed-an-iraqi-nuclear-reactor-in-1981-it-pushed-program-underground-and-spurred-saddam-husseins-desire-for-nukes-259618

    MIL OSI Analysis –

    June 27, 2025

  • MIL-OSI Analysis: Japanese prime minister’s abrupt no-show at NATO summit reveals a strained alliance with the US

    Source: The Conversation – Global Perspectives – By Craig Mark, Adjunct Lecturer, Faculty of Economics, Hosei University

    Japanese Prime Minister Shigeru Ishiba has sent a clear signal to the Trump administration: the Japan–US relationship is in a dire state.

    After saying just days ago he would be attending this week’s NATO summit at The Hague, Ishiba abruptly pulled out at the last minute.

    He joins two other leaders from the Indo-Pacific region, Australian Prime Minister Anthony Albanese and South Korean President Lee Jae-myung, in skipping the summit.

    The Japanese media reported Ishiba cancelled the trip because a bilateral meeting with US President Donald Trump was unlikely, as was a meeting of the Indo-Pacific Four (IP4) NATO partners (Australia, New Zealand, South Korea and Japan).

    Japan will still be represented by Foreign Minister Takeshi Iwaya, showing its desire to strengthen its security relationship with NATO.

    However, Ishiba’s no-show reveals how Japan views its relationship with the Trump administration, following the severe tariffs Washington imposed on Japan and Trump’s mixed messages on the countries’ decades-long military alliance.

    Tariffs and diplomatic disagreements

    Trump’s tariff policy is at the core of the divide between the US and Japan.

    Ishiba attempted to get relations with the Trump administration off to a good start. He was the second world leader to visit Trump at the White House, after Israeli Prime Minister Benjamin Netanyahu.

    However, Trump’s “Liberation Day” tariffs imposed a punitive rate of 25% on Japanese cars and 24% on all other Japanese imports. They are already having an adverse impact on Japan’s economy: exports of automobiles to the US dropped in May by 25% compared to a year ago.

    Six rounds of negotiations have made little progress, as Ishiba’s government insists on full tariff exemptions.

    Japan has been under pressure from the Trump administration to increase its defence spending, as well. According to the Financial Times, Tokyo cancelled a summit between US and Japanese defence and foreign ministers over the demand. (A Japanese official denied the report.)

    Japan also did not offer its full support to the US bombings of Iran’s nuclear facilities earlier this week. The foreign minister instead said Japan “understands” the US’s determination to prevent Iran from acquiring nuclear weapons.

    Japan has traditionally had fairly good relations with Iran, often acting as an indirect bridge with the West. Former Prime Minister Shinzo Abe even made a visit there in 2019.

    Japan also remains heavily dependent on oil from the Middle East. It would have been adversely affected if the Strait of Hormuz had been blocked, as Iran was threatening to do.

    Unlike the response from the UK and Australia, which both supported the strikes, the Ishiba government prioritised its commitment to upholding international law and the rules-based global order. In doing so, Japan seeks to deny China, Russia and North Korea any leeway to similarly erode global norms on the use of force and territorial aggression.

    Strategic dilemma of the Japan–US military alliance

    In addition, Japan is facing the same dilemma as other American allies – how to manage relations with the “America first” Trump administration, which has made the US an unreliable ally.

    Earlier this year, Trump criticised the decades-old security alliance between the US and Japan, calling it “one-sided”.

    “If we’re ever attacked, they don’t have to do a thing to protect us,” he said of Japan.

    Lower-level security cooperation is ongoing between the two allies and their regional partners. The US, Japanese and Philippine Coast Guards conducted drills in Japanese waters this week. The US military may also assist with upgrading Japan’s counterstrike missile capabilities.

    But Japan is still likely to continue expanding its security ties with partners beyond the US, such as NATO, the European Union, India, the Philippines, Vietnam and other ASEAN members, while maintaining its fragile rapprochement with South Korea.

    Australia is now arguably Japan’s most reliable security partner. Canberra is considering buying Japan’s Mogami-class frigates for the Royal Australian Navy. And if the AUKUS agreement with the US and UK collapses, Japanese submarines could be a replacement.

    Ishiba under domestic political pressure

    There are also intensifying domestic political pressures on Ishiba to hold firm against Trump, who is deeply unpopular among the Japanese public.

    After replacing former prime minister Fumio Kishida as leader of the Liberal Democratic Party (LDP) last September, the party lost its majority in the lower house of parliament in snap elections. This made it dependent on minor parties for legislative support.

    Ishiba’s minority government has struggled ever since with poor opinion polling. There has been widespread discontent with inflation, the high cost of living and stagnant wages, the legacy of LDP political scandals, and ever-worsening geopolitical uncertainty.

    On Sunday, the party suffered its worst-ever result in elections for the Tokyo Metropolitan Assembly, winning its lowest number of seats.

    The party could face a similar drubbing in the election for half of the upper house of the Diet (Japan’s parliament) on July 20. Ishiba has pledged to maintain the LDP’s majority in the house with its junior coalition partner Komeito. But if the government falls into minority status in both houses, Ishiba will face heavy pressure to step down.

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

    – ref. Japanese prime minister’s abrupt no-show at NATO summit reveals a strained alliance with the US – https://theconversation.com/japanese-prime-ministers-abrupt-no-show-at-nato-summit-reveals-a-strained-alliance-with-the-us-259694

    MIL OSI Analysis –

    June 27, 2025

  • MIL-OSI Analysis: Oil shocks in the 1970s drove rapid changes in transport. It could happen again if Middle East tensions continue

    Source: The Conversation – Global Perspectives – By Hussein Dia, Professor of Future Urban Mobility, Swinburne University of Technology

    The Image Bank/Getty

    As the world watches the US–Iran situation with concern, the ripple effect from these events are reaching global oil supply chains – and exposing their fragility.

    If Iran closes the Strait of Hormuz as it is considering, it would restrict the global oil trade and trigger energy chaos.

    Petrol in some Australian cities could hit A$2.50 a litre according to some economists. As global instability worsens, other experts warn price spikes are increasingly likely.

    What would happen next? There is a precedent: the oil shocks of the 1970s, when oil prices quadrupled. The shock drove rapid change, from more efficient cars to sudden interest in alternative energy sources. This time, motorists would likely switch to electric vehicles.

    If this crisis continues or if another one flares up, it could mark a turning point in Australia’s long dependence on foreign oil.

    What would an oil shock mean?

    Australia currently imports 80% of its liquid fuels, the highest level on record. If the flow of oil stopped, we would have about 50 days worth in storage before we ran out.

    Our cars, buses, trucks and planes run overwhelmingly on petrol and diesel. Almost three-quarters (74%) of these liquid fuels are used in transport, with road transport accounting for more than half (54%) of all liquid fuels. Australia is highly exposed to global supply shocks.

    The best available option to reduce dependence on oil imports is to electrify transport.

    How does Australia compare on EVs?

    EV uptake in Australia continues to lag behind global leaders. In 2024, EVs accounted for 9.65% of new car sales in Australia, up from 8.45% in 2023.

    In the first quarter of 2025, EVs were 6.3% of new car sales, a decline from 7.4% in the final quarter of 2024.

    Norway remains the global leader, with battery-electric passenger cars making up 88.9% of sales in 2024. The United Kingdom also saw significant growth – EVs hit almost 20% of new car registrations in 2024.

    In China, EVs made up 40.9% of new car sales in 2024. The 12.87 million cars sold represent three-quarters of total EV sales worldwide.

    One reason for Australia’s sluggishness is a lack of reliable public chargers. While charging infrastructure is expanding, large parts of regional Australia still lack reliable access to EV charging.

    Until recently, Australia’s fuel efficiency standards were among the weakest in the OECD. Earlier this year, the government’s new standards came into force. These are expected to boost EV uptake.

    Could global tensions trigger faster action?

    If history is any guide, oil shocks lead to long-term change.

    The 1970s oil shocks triggered waves of energy reform.

    When global oil prices quadrupled in 1973–74, many nations were forced to reconsider where they got their energy. A few years later, the 1979 Iranian Revolution caused another major supply disruption, sending oil prices soaring and pushing much of the world into recession.

    Huge increases in oil prices drove people to look for alternatives during the 1970s oil shocks.
    Everett Collection/Shutterstock

    These shocks drove the formation of the International Energy Agency in 1974, spurred alternative energy investment and led to advances in fuel-efficiency standards.

    Much more recently, Russia’s invasion of Ukraine pushed the European Union to face up to its reliance on Russian gas and find alternatives by importing gas from different countries and accelerating the clean energy shift.

    Clearly, energy shocks can be catalysts for long-term structural change in how we produce and consume energy.

    The new crisis could do the same, but only if policy catches up.

    If fuel prices shot up and stayed there, consumer behaviour would begin to shift. People would drive less and seek alternate forms of transport. Over time, more would look for better ways to get around.

    But without stronger support such as incentives, infrastructure and fuel security planning, shifting consumer preferences could be too slow to matter.

    A clean-energy future is more secure

    Cutting oil dependency through electrification isn’t just good for the climate. It’s also a hedge against future price shocks and supply disruptions.

    Transport is now Australia’s third-largest source of greenhouse gas emissions. Now that emissions are falling in the electricity sector, transport will be the highest emitting sector emissions source as soon as 2030.

    Building a cleaner transport system also means building a more resilient one. Charging EVs on locally produced renewable power cuts our exposure to global oil markets. So do biofuels, better public transport and smarter urban planning.

    Improving domestic energy resilience isn’t just about climate targets. It’s about economic stability and national security. Clean local energy sources reduce vulnerability to events beyond our control.

    What can we learn from China?

    China offers a compelling case study. The nation of 1.4 billion faces real oil security challenges. In response, Beijing has spent the past decade building a domestic clean energy ecosystem to reduce oil dependency and cut emissions.

    This is now bearing fruit. Last year, China’s oil imports had the first sustained fall in nearly two decades. Crude oil imports fell 1.5%, while oil refinery activity also fell due to lower demand.

    China’s rapid uptake of EVs has clear energy security benefits.
    pim pic/Shutterstock

    China’s green energy transition was driven by coordinated policy, industrial investment and public support for clean transport.

    China’s rapid shift to EVs and clean energy shows how long-term planning and targeted investment can pay off on climate and energy security.

    What we do next matters

    The rolling crises of 2025 present Australian policymakers a rare alignment of interests. What’s good for the climate, for consumers and for national security may now be the same thing.

    Real change will require more than sustained high petrol prices. It demands political will, targeted investment and a long-term vision for clean, resilient transport.

    Doing nothing has a real cost – not just in what we pay at the service station, but in how vulnerable we remain to events a long way away.

    Hussein Dia receives funding from the Australian Research Council, the iMOVE Australia Cooperative Research Centre, Transport for New South Wales, Queensland Department of Transport and Main Roads, Victorian Department of Transport and Planning, and Department of Infrastructure, Transport, Regional Development, Communications and the Arts.

    – ref. Oil shocks in the 1970s drove rapid changes in transport. It could happen again if Middle East tensions continue – https://theconversation.com/oil-shocks-in-the-1970s-drove-rapid-changes-in-transport-it-could-happen-again-if-middle-east-tensions-continue-259670

    MIL OSI Analysis –

    June 27, 2025

  • MIL-OSI: Bitget’s Proof of Reserves Highlights 199% Coverage Ratio in June 2025

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 26, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released its June 2025 Proof of Reserves (PoR), revealing a total reserve ratio of 199%, an increase from 192% in May. This continued rise shows the platform’s ability to maintain a reserve well above the industry-standard 1:1 ratio, effectively covering all user-held assets with significant overcollateralization.

    According to the June audit, the platform holds 28,286.53 BTC against 6,593.8 BTC in user liabilities, marking a 429% reserve ratio. For USDT, Bitget maintains 1.75 billion tokens in reserve versus 1.61 billion in user holdings, yielding a coverage of 108%. ETH assets show a similar trend, with 219,917.71 ETH held against 148,754.3 ETH in user accounts, resulting in a 148% ratio. USDC holdings recorded the highest increase, with 138.88 million USDC backing just over 51.44 million in user assets—a, a 270% reserve ratio. These numbers reflect a consistent strengthening in asset management and surplus reserves across the board since last month.

    The reserve data is generated using Merkle tree technology, with the June snapshot reflecting 27 layers and over 40 million individual asset records. This mechanism allows users to independently verify the existence and adequacy of reserves through Bitget’s open-source tool, MerkleValidator, available on GitHub.

    Bitget first implemented the Proof of Reserves mechanism in December 2022. Since then, the platform has maintained monthly updates to ensure full transparency and real-time assurance to its user base. Alongside PoR, Bitget also operates a US$600 million Protection Fund, aimed at enhancing user security by offering a safeguard in the event of extreme market conditions or unforeseen asset risks.

     “Maintaining reserves well above security, it’s about building infrastructure that can withstand volatility and maintain user trust during periods of uncertainty. Security is a design choice, and our reserve model shows a long-term approach to protecting users at all times,” said Gracy Chen, CEO at Bitget.

    With the June update showing stronger reserves across all major assets, Bitget continues to lead among centralized exchanges in publishing independent, verifiable, and surplus-backed Proof of Reserves.

    To check the updated proof-of-reserves, please visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9e8ef724-3fb7-4e02-8aa4-164d45ac15ad

    The MIL Network –

    June 27, 2025

  • MIL-OSI: Canadian Life Companies Split Corp. Completes Overnight Offering

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 26, 2025 (GLOBE NEWSWIRE) — Canadian Life Companies Split Corp. (“the Company”) is pleased to announce it has completed the overnight offering of Preferred Shares and Class A Shares of the Company. Total gross proceeds of the offering were $40.0 million, bringing the Company’s net assets to approximately $217.9 million.

    The shares will begin trading on the Toronto Stock Exchange under the existing symbols of LFE.PR.B (Preferred Shares) and LFE (Class A Shares).

    The Preferred Shares were offered at a price of $10.55 per Preferred Share to yield 6.64% and the Class A Shares were offered at a price of $6.35 per Class A Share to yield 18.90%.

    The offering was led by National Bank Financial Inc.

    The net proceeds of the offering will be used by the Company to invest in an actively managed portfolio primarily consisting of four publicly traded Canadian life insurance companies as follows: Great‐West Lifeco Inc., Industrial Alliance Insurance & Financial Services Inc., Manulife Financial Corporation and Sun Life Financial Inc.

    Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Investors should read the prospectus supplement to the Company’s short form base shelf prospectus dated May 1, 2024 before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. Please read the Company’s publicly filed documents which are available at www.sedarplus.com.

    Investor Relations: 1-877-478-2372
    Local: 416-304-4443
    www.lifesplit.com
    info@quadravest.com

    The MIL Network –

    June 27, 2025

  • MIL-OSI United Kingdom: Massive annual increase in private jet traffic in Scotland shows urgent need to tax the rich

    Source: Scottish Greens

    26 Jun 2025 Climate Transport

    Prestwick Airport has seen a 32% annual increase in private jet flights

    More in Climate

    A 32% year-on-year increase in private jet flights to just one Scottish airport is a sign that we urgently need to tax the super-rich, says Scottish Greens MSP Ross Greer.

    The statistic comes from an investigation from Oxfam Scotland, which revealed that Scottish Government-owned Prestwick Airport saw a huge 32% increase in private jet flights from 2023 to 2024.

    Oxfam Scotland’s investigation also highlighted that some private jets can emit 20 or even 30 times more carbon emissions than flying economy class.

    The Scottish Greens have long campaigned for a Private Jet Tax in Scotland by increasing the rate of Air Departure Tax (ADT) on non-commercial jets. However, an ongoing stalemate between the Scottish Government and the UK Government over the introduction of ADT has delayed progress.

    The party is now calling for the Scottish Government to show clear leadership and to tax the super-rich by introducing a departure and arrival levy on private jet flights at Government-owned airports, namely Prestwick and the eleven airports owned via Highlands and Islands Airports Limited (HIAL).

    While Prestwick Airport sees substantial private jet traffic, often associated with golf events, HIAL airports are also regularly used by international elites who own large estates in Scotland.

    Ross said:

    “An obscene amount of wealth is being hoarded by a tiny number of elites who fly across the globe in their climate-wrecking private jets.

    “These jets have a huge impact on our environment, and while their super-rich occupants fly between their golf courses and superyachts, it’s Scottish taxpayers left paying to clean up their mess.

    “We all know that we urgently need to reduce pollution from planes to combat the climate emergency. One of the easiest ways to do that is to reduce private jet use, which is twenty times more polluting than regular commercial flights.

    “That’s why the Scottish Greens are proposing a private jet tax, which would raise money for our public services and keep the super-rich and their destructive toys on the ground.

    “We’ve waited for years for the Scottish and UK Governments to deliver the devolution of Air Departure Tax in Scotland, as they agreed to do over a decade ago.

    “Delays to the devolution of ADT aren’t a get out of jail free card for the Scottish Government. They can introduce a charge on private jets at the dozen airports they own right now, raising cash for public services and taking action to tackle the climate emergency.”

    MIL OSI United Kingdom –

    June 27, 2025

  • MIL-OSI United Kingdom: Growth and local jobs top of the agenda as Cardiff Capital Region Investment Zone advances

    Source: United Kingdom – Government Statements

    Press release

    Growth and local jobs top of the agenda as Cardiff Capital Region Investment Zone advances

    • English
    • Cymraeg

    Investment Zone to drive innovation and growth in advanced manufacturing, digital and technology sectors

    • Zone will develop semiconductor hub in Newport and science and tech park in Cardiff as part of the government’s transformative Industrial Strategy announced today
    • Expected to attract £500m private sector investment and create 4000 new jobs as part of the government’s Plan for Change

    The Cardiff Capital Region Investment Zone has taken a major step forward with the announcement of its industrial and key sites, giving a huge boost to regional investment and job creation.

    The Investment Zone – a joint initiative between the UK and Welsh Governments – will drive innovation and growth across the advanced manufacturing and digital and technology sectors, with a focus on the region’s world-class compound semiconductor cluster. 

    Backed by £160m of UK Government funding, the Zone will develop the semiconductor hub in Newport, where key businesses including KLA, IQE and Vishay are located, and develop a science and technology park to become the focus point for R&D activity and investment in Cardiff. 

    The Investment Zone – one of two planned for Wales – is expected to attract £500m of private sector investment, create 4000 new jobs and unlock 3m square feet of manufacturing, R&D and innovation capacity. 

    UK Minister for Building Safety, Fire and Local Growth Alex Norris said: 

    Unleashing the potential of our cities and regions is at the heart of the Industrial Strategy and the Plan for Change. 

    The Cardiff Capital Region Investment Zone Investment Zone, which we’re backing with £160m of funding, will build on the region’s industrial strengths to shape an exciting future for local people – creating new skilled jobs and driving economic growth locally and across Wales.

    Welsh Secretary Jo Stevens said:

    This step forward for the Cardiff Capital Region Investment Zone is a huge boost for the world-class business and industry within the area.

    It will drive growth, create 4,000 jobs and build on the talent and expertise that already exists in this part of Wales.

    Working alongside Welsh Government we are building the economy of the future and delivering for working people across the country.

    Welsh Government Cabinet Secretary for Economy, Energy and Planning, Rebecca Evans, said: 

    The Cardiff and Newport Investment Zone marks a transformative step forward for South East Wales and demonstrates our firm commitment to establishing the region as a global powerhouse in compound semiconductors.

    We will continue working closely with the South East Wales Corporate Joint Committee and the UK Government to build on the region’s strengths, attract significant private investment, strengthen regional partnerships and deliver real benefits that people across Wales will feel in their everyday lives.

    Cllr Mary Ann Brocklesby, Leader, Monmouthshire Council, and Chair, Cardiff Capital Region said: 

    This is a tremendous step forward for the Investment Zone. We look forward to building upon our strong industrial base and world-class research in semiconductors to drive innovation in emerging technologies, and fast-growing markets, whilst working together with UK and Welsh Government.

    By aligning our efforts with the region’s unique assets and fostering collaboration across sectors, we aim to create a dynamic environment where new ideas thrive, investment is attracted, and meaningful impact is delivered to people and places across the region.

    The news comes as part of the Industrial Strategy announcement today (Monday).

    As set out in the strategy, advanced manufacturing and digital and technology are two key growth-driving sectors.

    The news follows the confirmation of the industrial and geographic focuses of two Investment Zones in Scotland earlier this month, and the Wrexham and Flintshire Investment Zone earlier this year.

    ENDS

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    Published 26 June 2025

    MIL OSI United Kingdom –

    June 27, 2025

  • MIL-OSI Russia: Dmitry Chernyshenko: 94% of young people are proud that they are citizens of Russia

    Translation. Region: Russian Federal

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

    Representatives of government bodies and public organizations involved in the implementation of youth policy summed up the results of Rosmolodezh’s activities in 2024 and announced plans for 2025.

    Dmitry Chernyshenko noted that one of the key results of 2024 was the adoption of the Strategy for the implementation of youth policy in Russia until 2030.

    “Youth policy occupies a special place in the system of public administration. It is aimed at realizing the potential of each person, developing their talents, and raising patriotic, socially responsible citizens. This is a national goal set by our President Vladimir Vladimirovich Putin. According to surveys, today more than 86% of young people believe in the possibility of self-realization in Russia, and 94% of young people are proud to be its citizens. These are good indicators. They mean that we are creating conditions for every young person in our country to find their path and reveal their talent,” the Deputy Prime Minister emphasized.

    Dmitry Chernyshenko noted that at the Government meeting chaired by Mikhail Mishustin, an action plan for the Strategy for the Implementation of Youth Policy was adopted: “The plan contains about 90 different initiatives from 30 ministries and departments. It contains sections on such important areas as creating favorable conditions for young families aimed at increasing the birth rate, and forming a system of values for a healthy lifestyle among young people.”

    As part of the strategy’s implementation, special attention is also paid to expanding youth infrastructure. In 2024, 18 year-round educational youth centers were opened, 11 of which were opened with the participation of the President. Separate executive authorities have been formed in 87 constituent entities of the Russian Federation, and the “Movement of the First” has united a quarter of all children and young people in the country.

    Dmitry Chernyshenko emphasized that an important area is the involvement of SVO veterans in the implementation of youth policy, where they occupy key positions. International youth cooperation is also actively developing, as evidenced by the World Youth Festival held in Russia.

    The volunteer movement is also growing. Thus, the number of volunteers on the Dobro.RF platform has increased by one and a half million people in six months.

    In his report, the chairman of the board, head of Rosmolodezh Grigory Gurov, announced the results of the agency’s activities for 2024.

    “Today, the board summed up the results of the department’s activities and outlined priority tasks for the future. Since this year, on the instructions of the President, we have been implementing the national project “Youth and Children”. Its measures cover all areas of young people’s lives – from the creation of educational infrastructure and modern youth spaces to projects aimed at self-realization of young people and support for their initiatives. We measure the results of our work not by the number of events held, but by changes in the consciousness of young people – strengthening the sense of pride in their country, faith in the possibilities of self-realization in Russia. Today, 86.1% of young people believe in these possibilities, and 94% of young people feel pride in the country. This work is being carried out together with specialized departments, public associations and institutions, educational institutions. It is very valuable that our friends and partners were present at the board meeting today. Together we are creating a unified educational space so that every young person can realize their dreams in Russia – the land of opportunity,” emphasized the head of Rosmolodezh Grigory Gurov.

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

    MIL OSI Russia News –

    June 27, 2025

  • MIL-OSI Russia: Marat Khusnullin: About 3.2 thousand km of the regional backbone road network will be updated under the national project “Infrastructure for Life” this year

    Translation. Region: Russian Federal

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

    The road Astrakhan – Krasny Yar – the border of the Republic of Kazakhstan, Astrakhan region.

    As part of the national project “Infrastructure for Life”, work is underway to reconstruct and repair road sections throughout the country. This year, it is planned to bring about 3.2 thousand km of regional and inter-municipal roads included in the backbone network into regulatory condition.

    “The backbone network as the key transport framework of our country covers about 82 million people. By 2030, the task is to ensure that about 120 million people are in the backbone network zone. By that time, the share of backbone network roads in the standard should increase to 85%. These highways not only connect regional capitals with municipal districts, but also lead to large cities, industrial centers, and the borders of neighboring states. It is along them that the main freight and passenger flow moves. The good condition of such roads also contributes to an increase in the quality of life of citizens by reducing travel time and making travel more comfortable. This year, under the federal project “Regional and Local Road Network” of the national project “Infrastructure for Life”, we will bring 3.2 thousand km of backbone network roads up to standard,” said Deputy Prime Minister Marat Khusnullin.

    Let us recall that in 2023, the concept of “backbone road network” was enshrined in Russian legislation for the first time. The corresponding law was signed by President Vladimir Putin.

    “Today, the total length of the backbone road network is 140.8 thousand km. Of this amount, 74.3 thousand km are roads of regional or inter-municipal significance and 66.5 thousand km are federal. Thanks to the interaction of the federal center and regional project teams, by the end of 2024, the share of backbone road network in the standard was 73.18%,” emphasized Minister of Transport Roman Starovoit.

    The positive experience of previous years will contribute to the implementation of the tasks set before road workers.

    “In 2024, over 3.5 thousand km of the backbone network were updated under the federal project “Regional and Local Road Network” of the national project “Safe High-Quality Roads”. This work is actively continuing in the regions today thanks to the national project “Infrastructure for Life”, – noted Deputy Head of the Federal Road Agency Igor Kostyuchenko.

    Thus, in the Ryazan region, major repairs are underway on a section of the regional highway Tambov-Shatsk, which connects the subject with the neighboring Tambov region. The length of the facility is 15.8 km.

    The same road is being renovated in the Tambov region. In 2025, 20.1 km of the road surface will be repaired under the national project. In particular, in the area of the villages of Serpovoye and Khlystovo, the asphalt concrete surface will be replaced, and near the village of Algasovo, road workers will lay the foundation for 2 km, lay the lower and upper layers of the road surface.

    In the Novosibirsk region this season 50 km of the Novosibirsk-Kochki-Pavlodar highway will be renewed. It provides fast communication with the regional center for residents of five districts and more than a hundred settlements, and is also a transport corridor to the Republic of Kazakhstan.

    The work is being carried out in five districts of the region at once. The largest is in Novosibirsk. Here, reconstruction of a section near the villages of Krasny Vostok and 8 Marta, 3.2 km long, has begun. The road will be widened to 4 lanes, 7 adjoining sections will be built, 4 stops and 2 overground pedestrian crossings will be equipped.

    In the Astrakhan region, a 12-kilometer section of the Astrakhan-Krasny Yar-border with the Republic of Kazakhstan highway has already been put into operation after repairs. The highway plays an important role in the economic and social development of the region, as it provides transport links with the neighboring state – the Republic of Kazakhstan.

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

    MIL OSI Russia News –

    June 27, 2025

  • MIL-OSI Russia: Saudi Arabia: Concluding Statement of the 2025 Article IV Mission

    Source: IMF – News in Russian

    June 26, 2025

    A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    Washington, DC: Saudi Arabia’s economy has demonstrated strong resilience to shocks, with non-oil economic activities expanding, inflation contained, and unemployment reaching record-low levels. While lower oil proceeds and investment-linked imports led to the emergence of twin deficits, external and fiscal buffers remain ample. A higher-than-budgeted fiscal stance in 2025 remains appropriate to prevent procyclicality that could exacerbate the growth impact of lower oil prices. Addressing strong credit growth and associated funding pressures will be crucial in mitigating risks to systemic financial stability. Given the current heightened global uncertainty, continued efforts on structural reform are essential to sustain non-oil growth and drive economic diversification.

    RECENT ECONOMIC DEVELOPMENTS[1]

    Saudi Arabia’s economy has been resilient to shocks. In 2024, non-oil real GDP grew by 4.2 percent, primarily driven by private consumption and non-oil private investment, with retail, hospitality, and construction leading growth. Repeated extensions of the OPEC+ production cuts have kept oil output at 9 million barrels per day (mb/d)—the lowest level since 2011— resulting in a 4.4 percent decline in oil GDP and an overall real growth rate of 1.8 percent. The composite PMI indicates sustained activity in Q1 2025, with the latest Q1 GDP estimate showing non-oil activities expanding by 4.9 percent year-on-year.

    The labor market’s strong momentum continues. The unemployment rate for Saudi nationals has declined to a record low of 7 percent in 2024, surpassing the original Vision 2030 target, which has now been revised down to 5 percent. The improvement is broad-based, with both youth and female unemployment halved over a four-year period. Private sector employment surged by 12 percent on average in 2024, while public sector hiring continued to slow, reflecting a redeployment to non-government entities.

    Inflation is contained as rent inflation decelerates. Despite a small pick-up to 2.3 percent in April 2025, headline inflation remains low, helped by high real interest rates. Declining prices for transport and communication helped offset housing rent inflation, which has decelerated for the 6th consecutive month to 8.1 percent y-o-y (the lowest annual rise since February 2023). Real wages have remained stable, albeit with some pickup for highly skilled workers.   

    The current account shifted to a narrow deficit, transitioning from a surplus of 2.9 percent of GDP in 2023 to a deficit of 0.5 percent of GDP in 2024. This shift mainly reflects a decline in oil export proceeds, higher imports of machinery and equipment, and stronger remittance outflows—factors that more than offset a surge in tourism inflows. The current account deficit has been financed through external borrowing and reduced FX asset accumulation. As a result, the Saudi Central Bank’s (SAMA) net foreign assets (NFA) holdings stabilized at $415 billion by end-2024—equivalent to 15 months of imports and 187 percent of the IMF’s reserve adequacy metric. 

    While spending overruns increased the overall fiscal deficit, the fiscal stance—as measured by the non-oil primary balance—showed a slight improvement in 2024. Additional expenditures related to project financing—partly linked to an accelerated implementation of Vision 2030—and flat oil revenue widened the overall fiscal deficit to 2.5 percent of GDP, approximately 0.8 percentage points above the budgeted target. However, driven by stronger non-oil revenue, the non-oil primary deficit improved, decreasing by 0.6 percentage points of GDP in 2024 compared to 2023. Central government debt rose to 26.2 percent of GDP as Saudi Arabia became the largest emerging market dollar debt issuer in 2024. However, Saudi Arabia remains amongst the lowest indebted nation globally and net debt is relatively low at approximately 17 percent of GDP.

    ECONOMIC OUTLOOK AND RISKS

    Robust domestic demand—including from government-led projects—will continue to drive growth despite heightened global uncertainty and a weakened commodity price outlook. Non-oil real GDP growth is projected at 3.4 percent in 2025, about 0.8 percentage points lower than in 2024. This reflects the continued implementation of Vision 2030 projects through public and private investment, as well as strong credit growth, which would help sustain domestic demand and mitigate the impact of lower oil prices. The direct impact of rising global trade tensions is limited, as oil products—comprising 78 percent of Saudi Arabia’s goods exports to the U.S. in 2024—are exempt from U.S. tariffs, while non-oil exports to the U.S. only account for 3.4 percent of Saudi Arabia’s total non-oil exports. Over the medium term, domestic demand—including momentum ahead of Saudi Arabia’s hosting of large-scale international events—is expected to push non-oil growth closer to 4 percent in 2027 before stabilizing at 3.5 percent by 2030. Supported by the OPEC+ production cut phase-out schedule, overall GDP growth will accelerate to 3.5 percent in 2025 and 3.9 percent in 2026 before stabilizing at approximately 3.3 percent over the medium term.

    Inflation would remain anchored around 2 percent, supported by a credible peg to the U.S. dollar, domestic subsidies, and an elastic supply of expatriate labor, notwithstanding a projected moderate positive output gap over the medium term. Imported inflation from increased tariffs worldwide is expected to remain contained.

    The external position will weaken. Investment-linked imports and remittance outflows from an expanding expatriate labor force are expected to widen the current account deficit, which is projected to peak at about 3.9 percent of GDP by 2027 before converging to about 3.4 percent of GDP in 2030. Rising non-oil exports and robust inbound tourism will have a partial offsetting effect. The deficit will be increasingly financed through deposit drawdowns, less FX asset accumulation abroad, and external borrowing. International reserve coverage would remain adequate at about 11-12 month import coverage over the medium term, with foreign assets held by the Public Investment Fund (PIF) and other government-related entities offering strong additional buffers.

    Risks to the outlook are mainly to the downside. Weaker oil demand, driven by heightened uncertainty, an escalation of global trade tensions, and deepening geoeconomic fragmentation could dampen oil proceeds. This, in turn, would lead to higher fiscal deficits and debt and costlier financing. An abrupt decrease in spending by the government (including projects recalibration below its baseline) or a slowdown in reform implementation in response to lower oil prices could further hinder private investment growth. Conversely, higher-than-expected oil production/prices and accelerated implementation of reforms could yield stronger or earlier-than-expected growth dividends.

    POLICIES

    Fiscal Policy

    The 2025 fiscal stance—resulting in a deficit twice the budget target—remains appropriate. Given past overruns and the ongoing transformational projects tied to Vision 2030, staff anticipates higher current expenditures than budgeted. Combined with lower oil prices and minimal performance-linked dividends from Aramco, this will bring the overall fiscal deficit to 4.3 percent of GDP. However, this outcome still represents a 3.6 percentage points of non-oil GDP improvement in the non-oil primary balance, effectively frontloading part of the adjustment required by 2030 to uphold intergenerational equity. Given the upfront adjustment and ample fiscal buffers available, staff believes that additional spending restraint in 2025—triggered by lower-than-budgeted oil prices—is not necessary as it would make fiscal policy procyclical and exacerbate the impact on growth.

    Over the medium term, the overall fiscal deficit is expected to narrow. After peaking at 4.3 percent of GDP in 2025, it will decline to approximately 3.3 percent of GDP by 2030, driven by ongoing wage bill containment and spending efficiency measures. Under this baseline scenario, the non-oil primary deficit would shrink by about 4.2 percent of non-oil GDP from 2025 to 2030. The fiscal deficit would primarily be financed by borrowing, including through debt issuances, syndicated loans or facilities from export credit agencies, leading to an increase in the public debt-to-GDP ratio to about 42 percent by 2030.

    A gradual fiscal consolidation will remain necessary over the medium term to achieve intergenerational equity. To avoid disruptive adjustments and build buffers, an additional 3.3 percent of non-oil GDP must be generated over the 2026-30 period, mainly through:

    • Non-oil revenue mobilization. Plans to increase the tax rate on underdeveloped land, introduce a tax on vacant land, and broadening the VAT base (e.g., for e-commerce transactions) are welcome. Additional efforts—including through new tax policy measures and continued efforts to strengthen revenue administration—would be needed. The temporary tax penalty waiver introduced repeatedly since Covid, should not be renewed when it expires in June as it fuels moral hazard and could undermine compliance.
    • Removing energy subsidies. Staff welcomes the ongoing energy price adjustments—including a doubling of diesel prices since January 2024—which combined with lower international oil prices have reduced fuel subsidies to 3½ percent of GDP (down from 5½ percent in 2022). With retail fuel prices closer to international oil prices and the envisaged scaling up of the well-targeted Damaan social support program, efforts should be accelerated to reduce energy subsidies, including by removing the cap on gasoline prices.
    • Rationalizing other spending. The mission welcomes ongoing spending reviews—including recent assessments on project execution by various government entities—to identify areas for potential savings and efficiency gains. Further rationalization should prioritize reducing current expenditures with a low fiscal multiplier, while preserving medium-term, growth-enhancing infrastructure plans. Greater transparency on how spending prioritization and recalibration aligns with the authorities’ announced investment plans will support investor confidence.

    Given the high global uncertainty, staff welcomes the authorities’ contingency planning to safeguard fiscal sustainability in the event of a severe shock. In a scenario where oil prices decline significantly, a more aggressive fiscal consolidation strategy would be necessary. Identifying and prioritizing projects that can be extended or cut, if further adjustments are required, represents a prudent approach to maintaining fiscal sustainability. Staff recommends a partial drawdown of fiscal buffers in the event of a temporary oil price shock, which would help smooth the transition to a steady state and mitigate the impact of short-term oil price fluctuations.

    Sustaining the authorities’ ongoing efforts to strengthen fiscal institutions will be crucial in supporting the fiscal adjustment and Saudi Arabia’s Vision 2030 objectives. Enhancing the Medium-Term Fiscal Framework remains a priority, particularly through better integration of its multiyear projections into annual budget preparations to align spending ceilings with fiscal forecasts, including commitments from multi-year contracts. Operationalizing and ensuring compliance with an expenditure-based fiscal rule would help anchor the fiscal stance over the medium term.

    Prudent debt management and a proper sovereign asset liability management (SALM) framework becomes increasingly important in a lower oil price environment. The mission encourages the authorities to assess the complex trade-offs between making greater use of central government deposits (currently at around 9¼ percent of GDP) and new bond issuances. The mission also supports the ongoing efforts toward operationalizing a comprehensive SALM framework to enhance the oversight of sovereign balance sheet exposures, which publication alongside the budget statement would support the drive for greater transparency and provide additional tools for fiscal policy analysis and formulation. Additionally, contingent liabilities—such as financing obligations for giga projects, debt guarantees, and Public-Private Partnerships—should be closely monitored.

    Monetary and Exchange Rate Policy

    SAMA has continued to refine its liquidity management framework to help reduce  overall liquidity volatility. Bank funding conditions in Saudi Arabia are influenced by persistently strong double-digit credit growth, with periodic spikes in the SAIBOR-SOFR spread reflecting episodes of liquidity pressures. SAMA’s standard market-based monetary operations should continue to remain focused on smoothing short-term liquidity imbalances without fueling asset/credit growth. The recent data-sharing arrangement between SAMA and the Ministry of Finance regarding expected government transactions is anticipated to improve the accuracy of liquidity forecasting and should be effectively implemented. Additionally, further enhancements to the reserve requirement framework would strengthen effective liquidity management and monetary policy transmission.

    The currency peg to the U.S. dollar remains appropriate. It has provided a credible anchor for monetary policy and is backed by ample external buffers. With an open capital account, it is essential that SAMA’s policy rate continues to align with the Fed’s policy rate.

    Financial Sector Policies

    The banking sector remains resilient, demonstrating strong capitalization and profitability despite rising funding costs. As of end-2024, the sector’s solvency ratio stood at 19.6 percent. Despite higher funding costs—driven by the increasing share of time and saving deposits—bank profitability is high, with an average return on assets of 2.2 percent in 2024. Non-performing loans have reached their lowest levels since 2016, reinforcing overall financial stability. Liquidity indicators are adequate and within regulatory thresholds, although the ratio of liquid assets to short-term liabilities has been declining, and the regulatory loan-to-deposit ratio has been on an upward trend.

    Strong credit growth is leading to funding pressures and a change in the funding mix of Saudi banks. As credit growth—mostly to corporates and for mortgages—outpaces deposit growth, banks diversify their liabilities by increasing reliance on other forms of financing, especially external borrowings in the form of bonds, bilateral or syndicated loans, and certificates of deposit. High external borrowing turned banks’ Net Foreign Assets (NFA) negative in 2024 for the first time since 1993. This trend is expected to continue in the near term as several banks are in the process of securing additional external funding. However, banks’ exposure to foreign exchange risk remains low.

    Addressing strong credit growth and associated funding pressures would help mitigate risks to systemic financial stability. The mission welcomes SAMA’s ongoing efforts to review its existing prudential toolkits to counter risks stemming from persistent double-digit credit growth amid a credit-to-deposit growth gap and the increased resort to short-term external wholesale funding. As loan demand is expected to remain high relative to deposit-based funding, setting prudential requirements commensurate with the evolving risks is essential. In that regard, the mission welcomes the introduction in May 2025 of a 100 basis points countercyclical capital buffer, which will be effective within a year. Vulnerabilities would be further mitigated by: (i) narrowing loan-to-value and debt burden ratios, which remain elevated relative to international standards; and (ii) tightening loan-to-deposit ratio to discourage excessive short-term foreign exchange funding. The mission welcomes SAMA’s proactive approach to monitoring the Liquidity Coverage Ratio and Net Stable Funding Ratio in foreign currency and encourages consideration of setting these ratios as regulatory requirements, should circumstances warrant.

    SAMA’s continued efforts to enhance regulatory and supervisory frameworks are commendable. The new Banking Law has been submitted for legislative approval, a risk-based supervisory framework is being refined, and a monitoring system has been introduced for large construction and infrastructure projects. Additionally, SAMA’s bank resolution function is being operationalized. The authorities have also made good progress in establishing a crisis management framework that includes an emergency liquidity assistance framework, which should be completed without undue delay. Furthermore, improvements in enhancing the effectiveness of AML/CFT supervision—including through thematic inspections—are welcome.

    Deepening the capital market is essential to help diversify funding and reduce reliance on bank financing. Although the capital market remains dominated by the large government-related issuers and the trading volumes are low, the recent and ongoing initiatives, such as the Investment Law that came into effect in February 2025 and the ongoing pension and savings reforms, should improve market liquidity and increase foreign participation in the Saudi capital markets. Greater use of asset-backed securities will create a new asset class and contribute to expanding funding in the banking system. The deepening of the domestic capital markets would also help improve the monetary policy transmission mechanism.

    Structural Policies

    The current environment of heightened uncertainty underscores the importance of continued structural reform efforts to sustain non-oil growth and economic diversification. Since 2016, Saudi Arabia has implemented significant and wide-ranging reforms, particularly in business regulations, governance, labor and capital markets. Several new laws that took effect in 2025—including the updated Investment Law, Labor Law amendments, and the new Commercial Registration Law—will enhance contractual certainty for investors and businesses, while also supporting productivity gains.

    The reform momentum should continue irrespective of oil price developments. Ongoing work to strengthen the anti-corruption framework—including by building on the recent Ultimate Beneficial Ownership Rules and By Laws of Nazaha—remains crucial. Equally important is enhancing human capital by aligning the skills of Saudi nationals with evolving labor market needs, improving access to finance and fostering digitalization, all of which are key to advancing the Kingdom’s economic diversification goals that are further enhanced with the integration of AI in government services. In addition to stronger fiscal institutions, pursuing these reforms will help Saudi Arabia build further resilience to oil price volatility.

    Targeted interventions through industrial policies should complement—not replace— structural reforms and must avoid crowding out private sector investment. Interventions by the PIF and public entities should continue to focus on areas where private investment is limited, market failures exist, or where they can play a catalytic role in attracting private capital, rather than potentially displacing domestic and foreign investors.  Industrial Policies should have clear exit criteria, claw-back mechanisms, and sunset clauses, to ensure they do not remain in place beyond their intended objective.

    **************************

    The mission team would like to thank the Saudi Arabian authorities and the people they met outside the government sector for their close collaboration, candid and informative discussions, and warm hospitality.

    [1] Numbers referred in percent of GDP are based on the authorities’ new rebasing GDP published in May 2025. The new methodological update is generally consistent with international best practices and the UN’s system of national accounts,

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Wafa Amr

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/06/25/saudi-arabia-concluding-statement-of-the-2025-article-iv-mission

    MIL OSI

    MIL OSI Russia News –

    June 27, 2025

  • MIL-OSI USA: UConn Health Recognized for Responsible Antibiotic Use

    Source: US State of Connecticut

    A commitment to responsible use of antibiotics earns UConn Health’s John Dempsey Hospital the designation of “Antimicrobial Stewardship Center of Excellence” from the Infectious Diseases Society of America.

    Certificate from the Infectious Diseases Society of America

    With this designation, the IDSA recognizes institutions that have established stewardship programs, led by infectious diseases physicians and pharmacists, to advance science in antimicrobial resistance, and that have surpassed high standards aligned with evidence-based national guidelines.

    “Evolving antimicrobial resistance patterns and the introduction of new therapeutics have made antibiotic prescribing more challenging than ever,” says Kevin Chamberlin, UConn Health’s chief pharmacy officer. “This Center of Excellence designation is a testament to the sound antimicrobial stewardship we practice that protects our limited options for our most vulnerable patients.”

    John Dempsey Hospital is one of four hospitals in Connecticut designated as an Antimicrobial Stewardship Center of Excellence, and among fewer than 200 hospitals in the world that have earned the distinction since the ISDA started this program in 2017.

    Core criteria include implementation of stewardship protocols by integrating best practices to slow the emergency of resistance, optimize the treatment of infections, reduce adverse events associated with antibiotic use, and address other challenging areas of antimicrobial stewardship.

    “This shows that we are using multidisciplinary collaboration to ensure that we’re using antibiotics in the most quality way and optimizing those antibiotics across care, both on the inpatient and outpatient side,” says Gillian Kuszewski ’03 (PHARM), ’05 Pharm.D., university director of UConn Health’s pharmacy residency programs.

    Kuszewski co-leads UConn Health’s antibiotic stewardship program with Dr. David Banach ’06 MD, MPH, infectious diseases physician and UConn Health’s hospital epidemiologist, and Jeffrey Aeschlimann ’93 (PHARM), a UConn School of Pharmacy faculty member and clinician in UConn Health’s pharmacy practice.

    From left: Dr. David Banach, Gillian Kuszewski, and Jeffrey Aeschlimann lead UConn Health’s antibiotic stewardship program. (Photo by Chris DeFrancesco, UConn Health)

    “Antibiotic stewardship is a global health priority,” Banach says. “The goal of using the right antibiotic for the right patient at the right time for the right duration is really becoming recognized as a key public health measure, both for reducing resistance and also reducing antibiotic-associated side effects and adverse events like C. diff.”

    C. diff, or Clostridioides difficile infection, is one of the most common health care-associated infections. It is highly contagious and difficult to treat.

    “One of the important things the stewardship program does is minimize unnecessary use of broad-spectrum antibiotics, which has been shown to also decrease C. diff rates in hospitals and health care settings,” Aeschlimann says.

    While this is the first time UConn Health has applied for this ISDA designation, antimicrobial stewardship has been a priority going back more than a decade, predating regulatory requirements. Aeschlimann and Dr. Kevin Dieckhaus, who today is chief of UConn Health’s Division of Infectious Diseases, started the antibiotic stewardship committee in 2013. Since then, it has grown to include representation from throughout the institution, including microbiology lab professionals, nurses, pharmacists, physicians, informatics specialists, infection preventionists, and students, residents and fellows.

    “We’ve always been doing these things along the way, and we felt now was the right time to sit down and formally submit an application,” Kuszewski says. “We’ve always done extremely well with our program when regulatory bodies like the Joint Commission come to visit. From a regulatory perspective, we’ve consistently received really good feedback from them on our antimicrobial stewardship activities.”

    She says the committee has established protocols, policies, and workflows to guide and support front-line providers in making the best choices.

    “We’ve supported, for example, processes to make sure that even after the patient leaves the emergency department, they’re on the right antibiotic based on follow-up information that we get from cultures,” Kuszewski says.

    “We have the collaborations between those who prescribe antibiotics and those who have expertise to offer and help support optimal prescribing,” Banach says.

    And the committee’s guidance has made its way into the electronic health record system to provide an additional resource for prescribers.

    “We try to develop either order sets or clinical pathways or popups, whatever we think might work best, to guide clinicians to pick the right antibiotic choice,” Aeschlimann says.

    Another strategy is to prioritize documentation of allergies to help inform prescribing decisions.

    “They can choose an antibiotic with the least risk of a negative outcome,” Kuszewski says. “Penicillin allergy documentation often leads to unnecessary use of certain antibiotics that come with greater risks. Perhaps a penicillin might cause some temporary stomach upset for a patient and is not really a true allergy. Clarifying this documentation in a patient’s medical record can help providers determine which antibiotic carries the least risk in treating an infection.”

    Kuszewski notes that UConn Health leadership has been supportive of the antimicrobial stewardship efforts since the beginning.

    “Not only are we following standards, but we’re also seeing better outcomes,” she says. “We also have results that show that we’re using less broad-spectrum antibiotics than what we’re expected to use, and our C. diff rates are down. The outcomes are actually tangible. It’s not just what we say we’re doing, but we’re seeing good results.”

    MIL OSI USA News –

    June 27, 2025

  • MIL-OSI: Reliance Global Group Highlights Strong Q1 Results from Spetner Associates

    Source: GlobeNewswire (MIL-OSI)

    LAKEWOOD, NJ, June 26, 2025 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (Nasdaq: RELI) (“Reliance,” “we,” “us,” “our” or the “Company”) today highlighted the strong preliminary unaudited financial results of Spetner Associates, Inc. (“Spetner”) for the first quarter ended March 31, 2025. As previously announced, Reliance has entered into a definitive agreement to acquire Spetner, and the transaction continues to advance toward closing.

    Spetner’s Q1 2025 Financial Highlights (Unaudited):

    • Revenue increased by more than 95% year-over-year to approximately $5.16 million, compared with $2.64 million in Q1 2024.
    • Operating income margin grew by 29% year-over-year to 74% from 46% in Q1 2024.
    • Net income grew by 220% to approximately $2.98 million, more than triple the approximately $0.9 million reported for Q1 2024.
    • Cash flows from operating activities increased by 112% to $2.6 million, more than double the $1.2 million generated in Q1 2024.

    Ezra Beyman, CEO of Reliance Global Group, commented, “We’re thrilled with Spetner’s impressive first quarter results, illustrating full alignment with our strategy of acquiring and integrating high-performing cash-generating synergistic insurance distribution platforms. Combined with Reliance’s scalable operating model and technology-driven platform, the combined organization will be well positioned to generate consistent significant profits, returns and cash flows.”

    About Reliance Global Group, Inc.

    Reliance Global Group, Inc. (NASDAQ: RELI) is an InsurTech pioneer, leveraging artificial intelligence (AI), and cloud-based technologies, to transform and improve efficiencies in the insurance agency/brokerage industry. The Company’s business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies an entire suite of business development tools, enabling them to effectively compete with large-scale national insurance agencies, whilst reducing back-office cost and burden. The Company’s business-to-consumer platform, 5minuteinsure.com, utilizes AI and data mining, to provide competitive online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance.  In addition, the Company operates its own portfolio of select retail “brick and mortar” insurance agencies which are leaders and pioneers in their respective regions throughout the United States, offering a wide variety of insurance products. Further information about the Company can be found at https://www.relianceglobalgroup.com.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by terminology such as “may,” “should,” “could,” “would,” “will,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “continue,” “potential,” and similar expressions. Forward-looking statements in this press release include, without limitation, statements regarding:

    • Our expectation that the acquisition of Spetner Associates, Inc. will close as planned or at all and continue to advance toward completion, including obtaining any necessary regulatory or shareholder approvals;
    • Our objective to acquire and integrate high-performing, cash-generating synergistic insurance distribution platforms that align with our scalable, technology-driven model to drive shareholder value;
    • Our intention to pursue disciplined, accretive growth opportunities across the InsurTech and insurance agency sectors; and
    • Other statements regarding our plans, strategies, expectations and intentions concerning future operations, financial performance, and service offerings of either us, Spetner or the potentially combined company thereof.

    These forward-looking statements are based on a number of assumptions, including the assumptions that: the LOI will not be terminated prior to execution of definitive purchase agreements; due diligence and documentation negotiations will proceed without material adverse findings; the Fortman sale and the Spetner acquisition will both close as expected; our revenue and EBITDA projections for Spetner are attainable; integration risks will be managed successfully; and there will be no material adverse changes in market, economic or regulatory conditions affecting our businesses. There can be no assurance that any of these assumptions will prove correct.

    There are numerous risks and uncertainties that may cause actual results or performance to differ materially from those expressed or implied by these forward-looking statements. These include, among others: the risk that the Fortman buyer may withdraw or renegotiate the terms of the LOI; delays or failure to complete either the Fortman sale or the Spetner acquisition; unanticipated liabilities or integration challenges in connection with Spetner; our inability to realize the projected revenue or EBITDA benefits; competition in the InsurTech and agency brokerage industry; changes in insurance regulation or Nasdaq listing requirements; general economic or financial market conditions; and the other risks and uncertainties described in the “Risk Factors” section of our Registration Statement on Form S-1 and our periodic reports filed with the Securities and Exchange Commission.

    You should carefully review our Annual Report on Form 10-K for the year ended December 31, 2024, as amended, and the other reports we have filed or will file with the SEC for a more complete discussion of risks and uncertainties. tExcept as required by law, Reliance Global Group, Inc. disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Crescendo Communications, LLC
    Tel: +1 (212) 671-1020
    Email: RELI@crescendo-ir.com 

    The MIL Network –

    June 27, 2025

  • MIL-OSI: KraneShares KOID ETF: Humanoid Robot Rings Nasdaq Opening Bell

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 26, 2025 (GLOBE NEWSWIRE) — Krane Funds Advisors, LLC (“KraneShares”), a global asset management firm recognized for its innovative investment solutions, celebrated the launch of the KraneShares Global Humanoid and Embodied Intelligence Index ETF (Ticker: KOID). The historic event featured the first-ever humanoid robot to ring the iconic Nasdaq Opening Bell.

    “We are thrilled to bring the first humanoid to ring the opening bell at Nasdaq to celebrate our Global Humanoid ETF: KOID,” said Jonathan Krane, CEO of KraneShares. “This event is a testament to the rapid advancements in robotics and artificial intelligence that could transform our world.”

    Humanoid robots are already demonstrating impressive performance in human tasks in both factory and home settings. The Morgan Stanley Global Humanoid Model projects that there could be 1 billion humanoids and $5 trillion in annual revenue by 2050.1

    “Today’s historic bell ringing by a humanoid robot marks a new era for investing in robotics and AI,” said Giang Bui, Head of Equities and ETFs at Nasdaq. “Nasdaq is proud to support KraneShares and the launch of KOID as we celebrate innovation at the heart of global finance.”

    The humanoid robot featured in the bell-ringing ceremony is the Unitree G1 Ultimate, supplied by RoboStore, the official partner of Unitree. RoboStore has been collaborating with Unitree for several years to drive the distribution and development of robotics within the U.S. education system.

    “Robotics, especially humanoids, are on the verge of widespread adoption. The people accelerating this shift include educators and research teams like OpenMind, a Stanford-based group developing open-source robotics software,” said Teddy Haggerty, a representative from RoboStore. “Our goal at RoboStore is to get this technology into the hands of major universities, empowering the next generation of innovators.”

    RoboStore and OpenMind jointly customized the robot, named “Iris,” for the occasion. Iris runs on OM1, OpenMind’s open-source operating system for embodied artificial intelligence, demonstrating advanced autonomy and human interaction. OM1 is set to be integrated into educational curricula nationwide through RoboStore’s programs.

    The Nasdaq Opening Bell Ringing by a Humanoid Robot was a first for the exchange and a testament to the growing impact of robotics across industries.

    For more information on the KraneShares Global Humanoid and Embodied Intelligence Index ETF (Ticker: KOID), please visit https://kraneshares.com/koid or consult your financial advisor.

    About KraneShares

    KraneShares is a specialist investment manager focused on China, Climate, and Alternatives. KraneShares seeks to provide innovative, high-conviction, and first-to-market strategies based on the firm and its partners’ deep investing knowledge. KraneShares identifies and delivers groundbreaking capital market opportunities and believes investors should have cost-effective and transparent tools for attaining exposure to various asset classes. The firm was founded in 2013 and serves institutions and financial professionals globally. The firm is a signatory of the United Nations-supported Principles for Responsible Investment (UN PRI).

    Citations:

    1. “Humanoids: 1bn Robots and $5tn Revenues by 2050, China is in Pole Position” Morgan Stanley Research, 4/28/2025.

    Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds’ full and summary prospectus, which may be obtained by visiting www.kraneshares.com/koid. Read the prospectus carefully before investing.

    Risk Disclosures:

    Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index.

    This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. Certain content represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results; material is as of the dates noted and is subject to change without notice.

    The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses. A derivative (i.e., futures/forward contracts, swaps, and options) is a contract that derives its value from the performance of an underlying asset. The primary risk of derivatives is that changes in the asset’s market value and the derivative may not be proportionate, and some derivatives can have the potential for unlimited losses. Derivatives are also subject to liquidity and counterparty risk. The Fund is subject to liquidity risk, meaning that certain investments may become difficult to purchase or sell at a reasonable time and price. If a transaction for these securities is large, it may not be possible to initiate, which may cause the Fund to suffer losses. Counterparty risk is the risk of loss in the event that the counterparty to an agreement fails to make required payments or otherwise comply with the terms of the derivative.

    AI-exposed companies face profitability challenges due to high research costs, competition, IP reliance, and regulatory risk. Product failures or safety concerns could be detrimental. Identifying AI companies accurately is complex. Tech firms face risks of product failure, obsolescence, regulatory impact, and uncertain profitability due to technological advancements and government policies. Certain tech investments may lack current profitability and future success is uncertain. The Fund is subject to non-U.S. issuers risk, which may be less liquid than investments in U.S. issuers, may have less governmental regulation and oversight, are typically subject to different investor protection standards than U.S. issuers, and the economic instability of the non-U.S. countries. Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values. The Fund may invest in Initial Public Offerings (IPOs). Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. In addition, as the Fund increases in size, the impact of IPOs on the Fund’s performance will generally decrease.

    Neither MerQube, Inc. nor any of its affiliates (collectively, “MerQube”) is the issuer or producer of KraneShares Global Humanoid & Embodied Intelligence Index ETF (the “Fund”) and MerQube has no duties, responsibilities, or obligations to investors in The Fund. The index underlying the The Fund is a product of MerQube and has been licensed for use by Krane Funds Advisors, LLC and its affiliates. Such index is calculated using, among other things, market data or other information (“Input Data”) from one or more sources (each a “Data Provider”). MerQube® is a registered trademark of MerQube, Inc. These trademarks have been licensed for certain purposes by Krane Funds Advisors, LLC and its affiliates in its capacity as the issuer of the The Fund. The Fund is not sponsored, endorsed, sold or promoted by MerQube, any Data Provider, or any other third party, and none of such parties make any representation regarding the advisability of investing in securities generally or in The Fund particularly, nor do they have any liability for any errors, omissions, or interruptions of the Input Data, MerQube Global Humanoid and Embodied Intelligence Index, or any associated data. Neither MerQube nor the Data Providers make any representation or warranty, express or implied, to the owners of the shares of The Fund or to any member of the public, of any kind, including regarding the ability of the MerQube Global Humanoid and Embodied Intelligence Index to track market performance or any asset class. The MerQube Global Humanoid and Embodied Intelligence Index is determined, composed and calculated by MerQube without regard to Krane Funds Advisors, LLC and its affiliates or the The Fund. MerQube and Data Providers have no obligation to take the needs of Krane Funds Advisors, LLC and its affiliates or the owners of The Fund into consideration in determining, composing or calculating the MerQube Global Humanoid and Embodied Intelligence Index. Neither MerQube nor any Data Provider is responsible for and have not participated in the determination of the prices or amount of The Fund or the timing of the issuance or sale of The Fund or in the determination or calculation of the equation by which The Fund is to be converted into cash, surrendered or redeemed, as the case may be. MerQube and Data Providers have no obligation or liability in connection with the administration, marketing or trading of The Fund. There is no assurance that investment products based on the MerQube Global Humanoid and Embodied Intelligence Index will accurately track index performance or provide positive investment returns. MerQube is not an investment advisor. Inclusion of a security within an index is not a recommendation by MerQube to buy, sell, or hold such security, nor is it considered to be investment advice.

    NEITHER MERQUBE NOR ANY OTHER DATA PROVIDER GUARANTEES THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE MERQUBE GLOBAL HUMANOID AND EMBODIED INTELLIGENCE INDEX OR ANY DATA RELATED THERETO (INCLUDING DATA INPUTS) OR ANY COMMUNICATION WITH RESPECT THERETO. NEITHER MERQUBE NOR ANY OTHER DATA PROVIDERS SHALL BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. MERQUBE AND ITS DATA PROVIDERS MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND THEY EXPRESSLY DISCLAIM ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY KRANE FUNDS ADVISORS, LLC AND ITS AFFILIATES, OWNERS OF THE THE FUND, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE MERQUBE GLOBAL HUMANOID AND EMBODIED INTELLIGENCE INDEX OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL MERQUBE OR DATA PROVIDERS BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THE FOREGOING REFERENCES TO “MERQUBE” AND/OR “DATA PROVIDER” SHALL BE CONSTRUED TO INCLUDE ANY AND ALL SERVICE PROVIDERS, CONTRACTORS, EMPLOYEES, AGENTS, AND AUTHORIZED REPRESENTATIVES OF THE REFERENCED PARTY.

    Large capitalization companies may struggle to adapt fast, impacting their growth compared to smaller firms, especially in expansive times. This could result in lower stock returns than investing in smaller and mid-sized companies. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. The Fund is new and does not yet have a significant number of shares outstanding. If the Fund does not grow in size, it will be at greater risk than larger funds of wider bid-ask spreads for its shares, trading at a greater premium or discount to NAV, liquidation and/or a trading halt. Narrowly focused investments typically exhibit higher volatility. The Fund’s assets are expected to be concentrated in a sector, industry, market, or group of concentrations to the extent that the Underlying Index has such concentrations. The securities or futures in that concentration could react similarly to market developments. Thus, the Fund is subject to loss due to adverse occurrences that affect that concentration.

    A large number of shares of the Fund are held by a single shareholder or a small group of shareholders. Redemptions from these shareholders can harm Fund performance, especially in declining markets, leading to forced sales at disadvantageous prices, increased costs, and adverse tax effects for remaining shareholders. KOID is non-diversified.

    ETF shares are bought and sold on an exchange at market price (not NAV) and are not individually redeemed from the Fund. However, shares may be redeemed at NAV directly by certain authorized broker-dealers (Authorized Participants) in very large creation/redemption units. The returns shown do not represent the returns you would receive if you traded shares at other times. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. Beginning 12/23/2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates the current NAV per share. Prior to that date, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time.

    The KraneShares ETFs and KFA Funds ETFs are distributed by SEI Investments Distribution Company (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Krane Funds Advisors, LLC, the Investment Adviser for the Funds, or any sub-advisers for the Funds.

    Contact:
    KraneShares Investor Relations
    info@kraneshares.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ceb61dcd-df25-411a-a2fb-a19d618441cc

    The MIL Network –

    June 27, 2025

  • MIL-OSI: 3D Systems Advances Regenerative Medical Solutions for First-of-its-Kind Peripheral Nerve Repair

    Source: GlobeNewswire (MIL-OSI)

    • Collaboration with French MedTech company, TISSIUM, has resulted in FDA approval for unique 3D-printed polymeric solution for repair of peripheral nerve damage
    • 3D Systems’ bioprinting system enabled production of a 3D-printed bioabsorbable medical device leveraging TISSIUM’s proprietary biomorphic programable polymers—a major industry milestone that sets new standard for high resolution elastomeric 3D-printed medical implants
    • Builds on 3D Systems’ pioneering work to develop additive manufacturing solutions for regenerative medicine applications
    • 3D Systems’ solutions accelerating additive manufacturing use in bioprinting—total market anticipated to reach more than $2 billion by end of 2029

    ROCK HILL, South Carolina, June 26, 2025 (GLOBE NEWSWIRE) — Today, 3D Systems (NYSE: DDD) announced that its 3D bioprinting technologies have enabled FDA approval for the regenerative repair of peripheral nerve damage. For the last several years, 3D Systems has partnered with TISSIUM, a French MedTech company that is a pioneer in the development of biomorphic programmable polymers for tissue reconstruction, to develop a bespoke 3D printing solution for the repair of damaged peripheral nerves. Combining TISSIUM’s expertise and proprietary biomorphic programable polymers with 3D Systems’ ground-breaking regenerative medicine bioprinting technologies has resulted in the successful development of a fully bioabsorbable 3D-printed medical device for nerve repair utilizing a unique photopolymer. This device, called COAPTIUM® CONNECT with TISSIUM Light, is a first-of-its-kind, atraumatic, sutureless solution for the repair of peripheral nerves. Earlier this week, TISSIUM announced that the U.S. Food and Drug Administration (FDA) has granted De Novo marketing authorization for this solution. This milestone validates the polymer’s clinical potential and paves the way for its use across a broad spectrum of transformative applications. Its unique polymer characteristics enable the production of high-resolution, elastomeric biodegradable implants that are unique in the industry.

    “This is a significant advancement in patient care,” said Scott Turner, vice president, advanced systems, 3D Systems. “It has been tremendously rewarding to work alongside the talented team at TISSIUM to design a complete 3D bioprinted solution that offers the potential for patients to recover from peripheral nerve damage. I truly believe this will redefine treatment paradigms and offer hope to individuals that have suffered from the effects of nerve damage in regaining their quality of life.”

    This milestone is yet another proof point of 3D Systems’ nearly decade-long leadership position in bioprinting. In 2017, 3D Systems entered into a joint development program with United Therapeutics Corporation, the goal of which is to establish an unlimited supply of human lungs, requiring no immunosuppression, allowing all patients with end-stage lung disease to receive transplants which will enable them to enjoy long and active lives. 3D Systems has focused primarily on establishing the 3D printing technology to produce scaffolds meeting the extreme precision and resolution requirements for a functional human lung and to do so in a manner that yields the physical, mechanical, and biocompatibility performance to influence cell behavior and reproduction required for extended use in the human body. Its Print to Perfusion™ process enables 3D printing of high-resolution scaffolds, which can be perfused with living cells to create tissues. Through the combination of bioprinting technology, biocompatible 3D printing materials, and a broad range of cell types including patient-derived cells, the Company’s biomedical engineers can construct patient-specific living tissues.

    “Over the past several years, we have made phenomenal progress building upon Chuck Hull’s invention of 3D printing, and pushing its capabilities into new frontiers,” said Dr. Jeffrey Graves, president & CEO, 3D Systems. “Whether in our medical device business through the production of patient-specific implants and surgical solutions, or through the work our regenerative medicine team is doing, 3D Systems is making a profound impact not only on how healthcare is delivered, but on the quality of patients’ lives, and continues to solidify what I believe is an unparalleled role we play in advancing medicine with additive manufacturing applications. This latest accomplishment by TISSIUM, enabled by our unique 3D printing technology, is one more example of how 3D Systems is transforming patient care for a better future.”

    According to Markets and Markets1, the global 3D bioprinting market was valued at $1.3 billion in 2024, and is expected to reach $2.4 billion in 2029. Nearly 40 years ago, 3D Systems created the innovation of 3D printing and reimagined the approaches and processes for product development, parts manufacturing, and personalized healthcare through additive manufacturing solutions. The Company’s additive manufacturing solutions are transforming how healthcare is delivered. As a pioneer in personalized healthcare solutions, 3D Systems has worked with surgeons for over a decade to plan more than 150,000 patient-specific cases and additively manufacture more than two million implants and instruments for 100+ CE-marked and FDA-cleared devices from its world-class, FDA-registered, ISO 13485-certified facilities in Littleton, Colorado, and Leuven, Belgium. 3D Systems is leveraging this experience to innovate bioprinting technologies to transform patient care. By enabling the fabrication of living tissues, the Company believes its bioprinting technology will unlock the promise and potential — to develop new therapeutics, and to improve patient lives.

    Forward-Looking Statements
    Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward-looking statements can be identified by terms such as “believes,” “belief,” “expects,” “may,” “will,” “estimates,” “intends,” “anticipates” or “plans” or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management’s beliefs, assumptions, and current expectations and may include comments as to the company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings “Forward-Looking Statements” and “Risk Factors” in the company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as of the date of the statement. 3D Systems undertakes no obligation to update or review any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise, except as required by law.

    About 3D Systems
    For nearly 40 years, Chuck Hull’s curiosity and desire to improve the way products were designed and manufactured gave birth to 3D printing, 3D Systems, and the additive manufacturing industry. Since then, that same spark continues to ignite the 3D Systems team as we work side-by-side with our customers to change the way industries innovate. As a full-service solutions partner, we deliver industry-leading 3D printing technologies, materials and software to high-value markets such as medical and dental; aerospace, space and defense; transportation and motorsports; AI infrastructure; and durable goods. Each application-specific solution is powered by the expertise and passion of our employees who endeavor to achieve our shared goal of Transforming Manufacturing for a Better Future. More information on the company is available at www.3dsystems.com.

    Investor Contact: investor.relations@3dsystems.com
    Media Contact: press@3dsystems.com

    1 Markets and Markets, 3D Bioprinting Market: Growth, Size, Share, and Trends (May 2024).

    The MIL Network –

    June 27, 2025

  • MIL-OSI: VERB’s MARKET.live Tapped to Produce Walmart Livestream for Popular Wellness Brand BelliWelli

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, June 26, 2025 (GLOBE NEWSWIRE) — Verb Technology Company, Inc. (Nasdaq: VERB) (“VERB” or the “Company”), Transforming the Landscape of Social Commerce, Social Telehealth and Social Crowdfunding with MARKET.live; VANITYPrescribed; GoodGirlRx; and the GO FUND YOURSELF TV Show, today announced its MARKET.live division will produce and host a high-profile Walmart livestream shopping event for gut-health brand BelliWelli.

    The exclusive livestream will air on Walmart.com on Tuesday, July 1, 2025, at 4:00 PM PT, marking BelliWelli’s debut on the platform. The event will be broadcast live from MARKET.live Studios in Los Alamitos, California, utilizing MARKET’s full-service technical production team to deliver a premium livestream shopping experience.

    Katie Wilson, Founder and CEO of BelliWelli, tapped MARKET.live to work with TalkShop Live who has traditionally produced Walmart livestream shopping events. Ms. Wilson will appear live from the MARKET.live studios for the event.

    “We’ve worked with the MARKET.live team before and they always bring the energy, creativity, and technical excellence we need to execute big moments,” said Katie Wilson. “I couldn’t be more excited to bring our Walmart audience along for this exclusive launch — especially with a surprise mystery flavor!”

    “We’re thrilled to support BelliWelli’s Walmart launch by producing the top-tier livestream experience our MARKET.live studio team delivers,” said Rory J. Cutaia, CEO of VERB. “This event with Walmart and BelliWelli is just part of the unprecedented ongoing growth our business is currently experiencing and reinforces our position as the go-to destination for brands looking to scale through interactive video social commerce.”

    The event is part of a growing trend in retail, as major brands and retailers turn to livestream shopping to increase engagement and conversion rates, creating a more dynamic and personalized customer experience. 

    About VERB

    Verb Technology Company, Inc. (Nasdaq: VERB), is transforming the landscape of social commerce, social telehealth and social crowdfunding with MARKET.live, LyveCom, VANITYPrescribed, GoodGirlRx, and the GO FUND YOURSELF TV Show. The Company operates multiple business units, each of which leverages the Company’s social commerce technology and video marketing expertise.

    MARKET.live, together with recently acquired AI social commerce technology innovator LyveCom, is a multi-vendor, livestream social shopping platform that allows brands and merchants to deliver a true omnichannel livestream shopping experience across their own websites, apps, and social platforms. Advanced AI capabilities power real-time user-generated-content creation, automated video content repurposing for high conversion video ads, and AI-powered virtual live shopping hosts that are virtually indistinguishable from human hosts, capable of real-time audience engagement. Brands utilize the Company’s proprietary AI model trained on tens of thousands of video commerce interactions to automate content creation and intelligent tools designed to optimize merchandising strategies and increase conversion rates.

    GO FUND YOURSELF TV Show is a revolutionary interactive social crowd funding platform for public and private companies seeking broad-based exposure for their crowd-funded Regulation CF and Regulation A offerings. The platform combines a ground-breaking interactive national TV show with MARKET.live’s back-end capabilities allowing viewers to tap, scan or click on their screen to facilitate an investment, in real time, as they watch companies presenting before the show’s panel of “Titans”. Presenting companies that sell consumer products are able to offer their products directly to viewers during the show in real time through shoppable onscreen icons.

    VANITYPrescribed.com and GoodGirlRx.com are telehealth portals, intended to redefine telehealth by offering a seamless, digital-first experience that empowers individuals to take control of their healthcare needs. They were designed and developed to disrupt the traditional healthcare model by providing tailored healthcare solutions at affordable, fixed prices – without hidden fees, membership costs, or inflated pharmaceutical markups. GoodGirlRx.com, a partnership with Savannah Chrisley, a well-known lifestyle personality and advocate for health and wellness, offers customers access to convenient, no-hassle telehealth services and pharmaceuticals, including the new weight-loss drugs, with fixed pricing regardless of dosage, breaking away from the industry’s traditional model of excessive pricing and pharmaceutical gatekeeping. 

    The Company is headquartered in Las Vegas, NV and operates full-service production and creator studios in the Los Angeles, California vicinity.

    For more information, please visit: www.verb.tech 

    Follow VERB here: 
    Facebook: https://www.facebook.com/VerbTechCo 
    X: https://twitter.com/VerbTech_Co 
    LinkedIn: https://www.linkedin.com/company/verb-tech 
    YouTube: https://www.youtube.com/channel/UC0eCb_fwQlwEG3ywHDJ4_KQ 
    Sign up for E-mail Alerts here: https://ir.verb.tech/news-events/email-alerts

    FORWARD-LOOKING STATEMENTS
    Statements contained in this press release that are not statements of historical fact are forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, these forward-looking statements can be identified by words such as “anticipate,” “designed,” “expect,” “may,” “will,” “should” and other comparable terms. Forward-looking statements include statements regarding VERB’s intentions, beliefs, projections, outlook, analyses or current expectations and the other risk factors and other cautionary statements included in VERB’s Annual Report on Form 10-K for the year ended December 31, 2024, and its subsequent filings with the Securities and Exchange Commission, including subsequent periodic reports on Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. All forward-looking statements made in this press release speak only as of the date of this press release and are based on management’s assumptions and estimates as of such date. Except as required by law, VERB undertakes no obligation to update or revise forward-looking statements to reflect new information, future events, changed conditions or otherwise after the date of this press release.

    Investor Relations Contact: investors@verb.tech 
    Media Contact: info@verb.tech 

    The MIL Network –

    June 27, 2025

  • MIL-OSI: Cerence AI Powers In-Car Experience in Premier German Automaker’s New Electric Sedan

    Source: GlobeNewswire (MIL-OSI)

    BURLINGTON, Mass., June 26, 2025 (GLOBE NEWSWIRE) — Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global leader pioneering conversational AI-powered user experiences, today announced that its core technologies are supporting new agentic and generative AI capabilities in the next-generation of MBUX, rolling out first in the all-new and all-electric Mercedes-Benz CLA. Building on Cerence AI and Mercedes-Benz’s long-term collaboration, this first deployment of the fourth generation of MBUX, supporting advanced conversational capabilities within MBUX Virtual Assistant – as well as the first launch of the automaker’s MB.OS – marks an important milestone in the companies’ shared mission to deliver innovative, intelligent user experiences to Mercedes-Benz drivers.

    Cerence AI and Mercedes-Benz are long-time partners on the MBUX infotainment system. For this program, Cerence AI collaborated closely with Mercedes-Benz global development network to develop the MBUX Virtual Assistant. Cerence’s AI solutions, including speech signal enhancement, cloud-based neural speech recognition, natural language understanding, and embedded neural text-to-speech, serve as the core input and output mechanisms across 25 languages, enabling seamless interaction across the platform’s agentic architecture. This includes the automaker’s new “living” avatar, which takes the form of the Mercedes-Benz star. In addition, Cerence AI enables MBUX to deliver more natural and empathetic interactions. Based on different facets of the user’s voice, the system has the capacity to respond in varying emotional speaking styles leveraging Cerence neural TTS.

    “We greatly value our ongoing partnership with Mercedes-Benz and are proud of our joint effort to integrate our AI solutions, transforming the in-car experience for drivers and passengers around the world,” said Christian Mentz, Chief Revenue Officer, Cerence AI. “This project underscores our unique ability to meet automakers where they are – in this case, partnering closely with Mercedes-Benz to enhance customer choice for their drivers, leveraging the Cerence AI stack that supports the integration of a variety of services and agents.”

    “As we continue to advance MBUX and the Virtual Assistant, we continue our collaboration with Cerence AI to leverage their ongoing innovation in core voice interaction technologies to bring enhanced intelligence and seamless interaction to our drivers,” said Andreas Biehl, Senior Manager Virtual Assistant & Infotainment Experience at Mercedes-Benz.

    To learn more about Cerence AI, visit www.cerence.ai, and follow the company on LinkedIn.

    About Cerence Inc.
    Cerence Inc. (NASDAQ: CRNC) is a global industry leader in creating intuitive, seamless, AI-powered experiences across automotive and transportation. Leveraging decades of innovation and expertise in voice, generative AI, and large language models, Cerence powers integrated experiences that create safer, more connected, and more enjoyable journeys for drivers and passengers alike. With more than 500 million cars shipped with Cerence technology, the company partners with leading automakers, transportation OEMs, and technology companies to advance the next generation of user experiences. Cerence is headquartered in Burlington, Massachusetts, with operations globally and a worldwide team dedicated to pushing the boundaries of AI innovation. For more information, visit www.cerence.ai.

    Contact Information
    Kate Hickman | Tel: 339-215-4583 | Email: kate.hickman@cerence.com

    The MIL Network –

    June 27, 2025

  • MIL-OSI: Cerence AI Powers In-Car Experience in Premier German Automaker’s New Electric Sedan

    Source: GlobeNewswire (MIL-OSI)

    BURLINGTON, Mass., June 26, 2025 (GLOBE NEWSWIRE) — Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global leader pioneering conversational AI-powered user experiences, today announced that its core technologies are supporting new agentic and generative AI capabilities in the next-generation of MBUX, rolling out first in the all-new and all-electric Mercedes-Benz CLA. Building on Cerence AI and Mercedes-Benz’s long-term collaboration, this first deployment of the fourth generation of MBUX, supporting advanced conversational capabilities within MBUX Virtual Assistant – as well as the first launch of the automaker’s MB.OS – marks an important milestone in the companies’ shared mission to deliver innovative, intelligent user experiences to Mercedes-Benz drivers.

    Cerence AI and Mercedes-Benz are long-time partners on the MBUX infotainment system. For this program, Cerence AI collaborated closely with Mercedes-Benz global development network to develop the MBUX Virtual Assistant. Cerence’s AI solutions, including speech signal enhancement, cloud-based neural speech recognition, natural language understanding, and embedded neural text-to-speech, serve as the core input and output mechanisms across 25 languages, enabling seamless interaction across the platform’s agentic architecture. This includes the automaker’s new “living” avatar, which takes the form of the Mercedes-Benz star. In addition, Cerence AI enables MBUX to deliver more natural and empathetic interactions. Based on different facets of the user’s voice, the system has the capacity to respond in varying emotional speaking styles leveraging Cerence neural TTS.

    “We greatly value our ongoing partnership with Mercedes-Benz and are proud of our joint effort to integrate our AI solutions, transforming the in-car experience for drivers and passengers around the world,” said Christian Mentz, Chief Revenue Officer, Cerence AI. “This project underscores our unique ability to meet automakers where they are – in this case, partnering closely with Mercedes-Benz to enhance customer choice for their drivers, leveraging the Cerence AI stack that supports the integration of a variety of services and agents.”

    “As we continue to advance MBUX and the Virtual Assistant, we continue our collaboration with Cerence AI to leverage their ongoing innovation in core voice interaction technologies to bring enhanced intelligence and seamless interaction to our drivers,” said Andreas Biehl, Senior Manager Virtual Assistant & Infotainment Experience at Mercedes-Benz.

    To learn more about Cerence AI, visit www.cerence.ai, and follow the company on LinkedIn.

    About Cerence Inc.
    Cerence Inc. (NASDAQ: CRNC) is a global industry leader in creating intuitive, seamless, AI-powered experiences across automotive and transportation. Leveraging decades of innovation and expertise in voice, generative AI, and large language models, Cerence powers integrated experiences that create safer, more connected, and more enjoyable journeys for drivers and passengers alike. With more than 500 million cars shipped with Cerence technology, the company partners with leading automakers, transportation OEMs, and technology companies to advance the next generation of user experiences. Cerence is headquartered in Burlington, Massachusetts, with operations globally and a worldwide team dedicated to pushing the boundaries of AI innovation. For more information, visit www.cerence.ai.

    Contact Information
    Kate Hickman | Tel: 339-215-4583 | Email: kate.hickman@cerence.com

    The MIL Network –

    June 27, 2025

  • MIL-OSI: American Rebel Light Beer Sees Explosive E-Commerce Growth as Free Shipping Promo Drives Patriotic Sales Surge Ahead of July 4th

    Source: GlobeNewswire (MIL-OSI)

    Online Orders Soar as American Rebel Beer Ships to Over 40 States; Free Shipping Available Through June 30

    NASHVILLE, TN, June 26, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), creator of American Rebel Beer (americanrebelbeer.com) and a designer, manufacturer, and marketer of branded safes, personal security and self-defense products and apparel, proudly reports explosive online sales growth fueled by enhanced digital marketing, optimized checkout performance, and a limited-time Free Shipping offer celebrating the Fourth of July and the 250th Birthday of the U.S. Army.

    American Rebel Light Beer launched its online direct to consumer option earlier this year through shop.americanrebelbeer.com, that expanded availability to over 40 U.S. states, giving patriotic Americans nationwide the opportunity to enjoy what the company calls “America’s Patriotic, God-Fearing, Constitution-Loving, National Anthem-Singing, Stand Your Ground Beer.”

    Patriotic Reach, Real Results: 22.9 Million Digital Impressions Drive Explosive Growth at AmericanRebelBeer.com

    In late May, American Rebel implemented major improvements to the online checkout process after onboarding e-commerce experts to map the user experience and identify where sales were stalling. That analysis led to the introduction of Flat Rate Shipping, which sparked an immediate lift in order volume. Encouraged by this success, and in celebration of Independence Day, the company launched a Free Shipping offer through June 30, 2025 – driving massive engagement and accelerating repeat orders.

    During this campaign period American Rebel generated a combined 22.9 million digital impressions across Facebook, Google, and Taboola – demonstrating exceptional consumer engagement and marketing reach across top-tier platforms. This digital expansion is translating into powerful, measurable business outcomes at americanrebelbeer.com

    Key highlights from the most recent performance period include:

    • Gross Online Sales surged 1100% driven by explosive customer demand.
    • Average Order Value (AOV) increased 14% to $59.62.
    • Conversion rates rose 1100%, signaling highly qualified traffic and improved customer targeting.
    • Orders climbed 1000%, marking a significant uptick in new and repeat purchases.
    • Website traffic jumped 4500%, amplifying visibility and brand discovery.
    • 48-pack beer sales soared 2900%, indicating a strong shift toward bulk purchases.
    • 24-pack (16oz) sales rose 801%, further validating product-market fit.
    • RCR (Repeat Customer Rate) improved by 72.7%, a clear indicator of growing customer satisfaction and long-term loyalty.

    We’re Not Just Selling Beer – We’re Building America’s Brand

    “This level of performance demonstrates what we’ve always believed – American Rebel Light Beer (“Rebel Light”) resonates with patriotic American consumers,” said Andy Ross, CEO of American Rebel Holdings. “We’re not just selling beer; we’re building a patriotic brand that people are proud to support. We’re building a brand rooted in freedom, faith, and love for country. Our customers aren’t just buying a beer, they’re standing for something, and the numbers speak for themselves – we are scaling, we are converting, and we are winning.”

    American Rebel’s performance is not only accelerating consumer sales but also establishing a strong foundation for long-term shareholder value through proven demand, smart digital investments, and expanding distribution opportunities.

    American Rebel Holdings, Inc. (NASDAQ: AREB) operates as a consumer brand company rooted in American values, offering American Rebel Light Beer and related merchandise across a growing national footprint. America’s Patriotic Brand™ continues to gain traction across the lifestyle, beverage, and digital commerce sectors.

    American Rebel Beer Shipping Now to 40+ States

    American Rebel Light Beer is available for home delivery in the following states:
    AZ, CA, CO, CT, DC, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MN, MO, MT, NC, NV, NH, NJ, NM, NY, OH, OK, OR, PA, RI, TX, VT, WA, WV, WI, WY

    The Free Shipping promotion, available through Monday, June 30, allows customers to stock up ahead of Independence Day. American Rebel encourages fans to order directly at shop.americanrebelbeer.com and celebrate freedom with every sip.

    About American Rebel Light Beer

    American Rebel Light is more than just a beer – it’s a celebration of freedom, passion, and quality. Brewed with care and precision, our light beer delivers a refreshing taste that’s perfect for every occasion.

    Since its launch in September 2024, American Rebel Light Beer has rolled out in Tennessee, Connecticut, Kansas, Kentucky, Ohio, Iowa, Missouri, North Carolina, Florida, Indiana and now Virginia and is adding new distributors and territories regularly. For more information about the launch events and the availability of American Rebel Beer, please visit americanrebelbeer.com or follow us on our social media platforms (@americanrebelbeer).

    American Rebel Light is a Premium Domestic Light Lager Beer – All Natural, Crisp, Clean and Bold Taste with a Lighter Feel. With approximately 100 calories, 3.2 carbohydrates, and 4.3% alcoholic content per 12 oz serving, American Rebel Light Beer delivers a lighter option for those who love great beer but prefer a more balanced lifestyle. It’s all natural with no added supplements and importantly does not use corn, rice, or other sweeteners typically found in mass produced beers.

    For more information about American Rebel Light Beer follow us on social media @AmericanRebelBeer.

    For more information, visit americanrebelbeer.com.

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Light Beer. The Company also designs and produces branded apparel and accessories. To learn more, visit americanrebelbeer.com. For investor information, visit americanrebel.com/investor-relations.

    Watch the American Rebel Story as told by our CEO Andy Ross visit The American Rebel Story

    Media Inquiries:
    Matt Sheldon
    Matt@Precisionpr.co
    917-280-7329

    American Rebel Holdings, Inc.
    info@americanrebel.com
    ir@americanrebel.com

    American Rebel Beverages, LLC
    Todd Porter, President
    tporter@americanrebelbeer.com

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of our continued sponsorship of high profile events, success and availability of the promotional activities, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Report on Form 10-Q for the three months ended March 31, 2025. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Attachment

    • American Rebel Holdings Inc

    The MIL Network –

    June 27, 2025

  • MIL-OSI: American Rebel Light Beer Sees Explosive E-Commerce Growth as Free Shipping Promo Drives Patriotic Sales Surge Ahead of July 4th

    Source: GlobeNewswire (MIL-OSI)

    Online Orders Soar as American Rebel Beer Ships to Over 40 States; Free Shipping Available Through June 30

    NASHVILLE, TN, June 26, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), creator of American Rebel Beer (americanrebelbeer.com) and a designer, manufacturer, and marketer of branded safes, personal security and self-defense products and apparel, proudly reports explosive online sales growth fueled by enhanced digital marketing, optimized checkout performance, and a limited-time Free Shipping offer celebrating the Fourth of July and the 250th Birthday of the U.S. Army.

    American Rebel Light Beer launched its online direct to consumer option earlier this year through shop.americanrebelbeer.com, that expanded availability to over 40 U.S. states, giving patriotic Americans nationwide the opportunity to enjoy what the company calls “America’s Patriotic, God-Fearing, Constitution-Loving, National Anthem-Singing, Stand Your Ground Beer.”

    Patriotic Reach, Real Results: 22.9 Million Digital Impressions Drive Explosive Growth at AmericanRebelBeer.com

    In late May, American Rebel implemented major improvements to the online checkout process after onboarding e-commerce experts to map the user experience and identify where sales were stalling. That analysis led to the introduction of Flat Rate Shipping, which sparked an immediate lift in order volume. Encouraged by this success, and in celebration of Independence Day, the company launched a Free Shipping offer through June 30, 2025 – driving massive engagement and accelerating repeat orders.

    During this campaign period American Rebel generated a combined 22.9 million digital impressions across Facebook, Google, and Taboola – demonstrating exceptional consumer engagement and marketing reach across top-tier platforms. This digital expansion is translating into powerful, measurable business outcomes at americanrebelbeer.com

    Key highlights from the most recent performance period include:

    • Gross Online Sales surged 1100% driven by explosive customer demand.
    • Average Order Value (AOV) increased 14% to $59.62.
    • Conversion rates rose 1100%, signaling highly qualified traffic and improved customer targeting.
    • Orders climbed 1000%, marking a significant uptick in new and repeat purchases.
    • Website traffic jumped 4500%, amplifying visibility and brand discovery.
    • 48-pack beer sales soared 2900%, indicating a strong shift toward bulk purchases.
    • 24-pack (16oz) sales rose 801%, further validating product-market fit.
    • RCR (Repeat Customer Rate) improved by 72.7%, a clear indicator of growing customer satisfaction and long-term loyalty.

    We’re Not Just Selling Beer – We’re Building America’s Brand

    “This level of performance demonstrates what we’ve always believed – American Rebel Light Beer (“Rebel Light”) resonates with patriotic American consumers,” said Andy Ross, CEO of American Rebel Holdings. “We’re not just selling beer; we’re building a patriotic brand that people are proud to support. We’re building a brand rooted in freedom, faith, and love for country. Our customers aren’t just buying a beer, they’re standing for something, and the numbers speak for themselves – we are scaling, we are converting, and we are winning.”

    American Rebel’s performance is not only accelerating consumer sales but also establishing a strong foundation for long-term shareholder value through proven demand, smart digital investments, and expanding distribution opportunities.

    American Rebel Holdings, Inc. (NASDAQ: AREB) operates as a consumer brand company rooted in American values, offering American Rebel Light Beer and related merchandise across a growing national footprint. America’s Patriotic Brand™ continues to gain traction across the lifestyle, beverage, and digital commerce sectors.

    American Rebel Beer Shipping Now to 40+ States

    American Rebel Light Beer is available for home delivery in the following states:
    AZ, CA, CO, CT, DC, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MN, MO, MT, NC, NV, NH, NJ, NM, NY, OH, OK, OR, PA, RI, TX, VT, WA, WV, WI, WY

    The Free Shipping promotion, available through Monday, June 30, allows customers to stock up ahead of Independence Day. American Rebel encourages fans to order directly at shop.americanrebelbeer.com and celebrate freedom with every sip.

    About American Rebel Light Beer

    American Rebel Light is more than just a beer – it’s a celebration of freedom, passion, and quality. Brewed with care and precision, our light beer delivers a refreshing taste that’s perfect for every occasion.

    Since its launch in September 2024, American Rebel Light Beer has rolled out in Tennessee, Connecticut, Kansas, Kentucky, Ohio, Iowa, Missouri, North Carolina, Florida, Indiana and now Virginia and is adding new distributors and territories regularly. For more information about the launch events and the availability of American Rebel Beer, please visit americanrebelbeer.com or follow us on our social media platforms (@americanrebelbeer).

    American Rebel Light is a Premium Domestic Light Lager Beer – All Natural, Crisp, Clean and Bold Taste with a Lighter Feel. With approximately 100 calories, 3.2 carbohydrates, and 4.3% alcoholic content per 12 oz serving, American Rebel Light Beer delivers a lighter option for those who love great beer but prefer a more balanced lifestyle. It’s all natural with no added supplements and importantly does not use corn, rice, or other sweeteners typically found in mass produced beers.

    For more information about American Rebel Light Beer follow us on social media @AmericanRebelBeer.

    For more information, visit americanrebelbeer.com.

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Light Beer. The Company also designs and produces branded apparel and accessories. To learn more, visit americanrebelbeer.com. For investor information, visit americanrebel.com/investor-relations.

    Watch the American Rebel Story as told by our CEO Andy Ross visit The American Rebel Story

    Media Inquiries:
    Matt Sheldon
    Matt@Precisionpr.co
    917-280-7329

    American Rebel Holdings, Inc.
    info@americanrebel.com
    ir@americanrebel.com

    American Rebel Beverages, LLC
    Todd Porter, President
    tporter@americanrebelbeer.com

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of our continued sponsorship of high profile events, success and availability of the promotional activities, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Report on Form 10-Q for the three months ended March 31, 2025. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Attachment

    • American Rebel Holdings Inc

    The MIL Network –

    June 27, 2025

  • MIL-OSI: GraniteShares Announces Weekly Distributions For YieldBOOST ETFs

    Source: GlobeNewswire (MIL-OSI)

    New York, June 26, 2025 (GLOBE NEWSWIRE) — GraniteShares, a leading innovator in exchange-traded funds (ETFs), is pleased to announce the weekly distribution amounts for YieldBOOST ETFs. Designed with the goal of providing investors with enhanced income opportunities, the YieldBOOST suite of ETFs employs an options strategy to generate current income while offering indirect exposure to major equities, indices, and Bitcoin.

    The following table outlines the weekly distribution amounts for each YieldBOOST ETF:

    Ticker Fund Name Ex-Date Payment Date Distribution Per Share Return of Capital Contribution
    TSYY GraniteShares YieldBOOST TSLA ETF 6/27/2025 7/1/2025 0.29982 100.00%
    TQQY GraniteShares YieldBOOST QQQ ETF 6/27/2025 7/1/2025 0.18079 97.65%
    YSPY GraniteShares YieldBOOST SPY ETF 6/27/2025 7/1/2025 0.19173 0.00%
    XBTY GraniteShares YieldBOOST Bitcoin ETF 6/27/2025 7/1/2025 0.50366 81.68%
    NVYY GraniteShares YieldBOOST NVDA ETF 6/27/2025 7/1/2025 0.58972 0.00%
               

    Distributions are determined based on the underlying strategy of each ETF and may vary over time. Investors are encouraged to review fund details and consult with financial professionals regarding their investment choices. Distributions are not guaranteed and may include a return of capital.

    GraniteShares remains committed to delivering innovative investment solutions that aim to empower investors to optimize income generation and portfolio diversification (diversification does not limit risk). For additional details regarding the YieldBOOST ETFs, including performance, holdings, and strategy, please visit www.graniteshares.com.

    About GraniteShares:

    GraniteShares is a global investment firm dedicated to creating and managing ETFs. Headquartered in New York City, GraniteShares offers a diverse range of investment solutions across U.S., U.K., German, French, and Italian stock exchanges. With a focus on high-conviction investing, the firm is a market leader in leveraged single-stock ETFs and other alternative investment products. As of June 25, 2025, GraniteShares manages $9.0 billion in assets.

    For more information about the GraniteShares YieldBOOST, please visit: https://graniteshares.com/institutional/us/en-us/

    Media Contact:
    GraniteShares Inc.
    Attn: Media Relations
    222 Broadway, 21st Floor
    New York, NY 10038
    844-476-8747
    info@graniteshares.com

    The ex-date (or ex-dividend date) for an ETF is the critical trading day on which investors who purchase shares will no longer be entitled to receive the forthcoming dividend distribution, marking the cutoff point that determines dividend eligibility for shareholders.

    The record date for an ETF is the specific day, typically one business day after the ex-dividend date, when the fund company takes a snapshot of its shareholder registry to determine which investors are officially entitled to receive the upcoming dividend distribution.

    The payable date for an ETF is the specific calendar day when the fund administrator actually distributes the declared dividend payments to all eligible shareholders who owned shares on the record date, completing the dividend distribution process.

    Distribution per share for an ETF is the precise monetary amount paid out to investors for each share they own, representing income from dividends, interest, capital gains or return of capital collected by the fund and subsequently distributed to shareholders according to their ownership stake.

    The distribution rate for an ETF is a critical performance metric that expresses the annualized percentage return derived from all distributions (including dividends, interest, and capital gains) paid to shareholders over a specified period relative to the fund’s current market price, providing investors with a standardized measure to evaluate income-generating potential across different investment vehicles.

    Return of Capital (ROC). The ROC percentage indicates how much the distribution reflects an investor’s initial investment. The figures shown for each Fund in the table above are estimates based on the latest 19a1 forms and may later be determined to be taxable net investment income, short-term gains, long-term gains (to the extent permitted by law), or return of capital. Actual amounts and sources for tax reporting will depend upon the Fund’s investment activities during the remainder of the fiscal year and may be subject to changes based on tax regulations. Your broker will send you a Form 1099-DIV for the calendar year to tell you how to report these distributions for federal income tax purposes.

    An options contract is a standardized financial agreement that grants the holder the right, but not the obligation, to buy or sell a specified quantity of an underlying asset, such as a stock, at a predetermined price (known as the strike price) on or before a defined expiration date, enabling investors to hedge risk, generate income or express directional views on market movements.

    A put option is a standardized financial contract that grants the holder the right, but not the obligation, to sell a specified quantity of an underlying asset, such as a stock, at a predetermined price (known as the strike price) on or before a defined expiration date, typically used to hedge against potential declines in asset value or to express a bearish market outlook.

    Disclaimer:

    Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized. Returns for the fund would have been lower if the management fee had not been waived. NAV prices are used to calculate market price performance prior to the date when the Fund first traded on the NASDAQ. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. Market performance does not represent the returns you would receive if you traded shares at other times. For the fund’s most recent month end performance, please call 1(844) 476-8747, or visit graniteshares.com.

    For standardized performance of GraniteShares YieldBOOST ETFs, please visit:

    Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Funds, please call (844) 476 8747 or visit https://graniteshares.com/media/etodfmyu/graniteshares-etf-trust-prospectus-yb.pdf. Read the prospectus or summary prospectus carefully before investing.

    The funds are newly launched and come with risks associated with having a limited operating history.

    An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with the Fund concentrating its investments in a particular industry, sector, or geographic region, which can result in increased volatility. The use of derivatives such as option contracts and swaps are subject to market risks that may cause their price to fluctuate over time. Additional risks include Risk of the Underlying ETF, Derivatives Risk, Affiliate Fund Risk, Counterparty Risk, Price Participation Risk, Distribution Risk, NAV Erosion Risk, Put Writing Strategy Risk, and Option Market Liquidity Risk. These and other risks can be found in the prospectus.

    Distributions not guaranteed. Fund does not directly invest in underlying stock. underlying stock. This product involves significant risk. Please go through the disclosures before investing. For important risk disclosures and more, learn more at https://graniteshares.com/institutional/us/enus/ 

    There is no guarantee that the Fund’s investment strategy will be properly implemented, and an investor may lose some or all of its investment.

    An Investment in the Funds is not an investment in their Underlying ETF.

    – The Fund’s strategy will cap its potential gain if the Underlying ETF’s share increases in value.

    – The Fund’s strategy is subject to all potential losses if the Underlying ETF’s share decline, which may not be offset by the income received by the Fund,

    – The Fund does not invest directly in the Underlying ETF,

    – Fund shareholders are not entitled to any distribution paid by Underlying ETF.

    Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur costs that detract significantly from investment returns.

    This information is not an offer to sell or a solicitation of an offer to buy shares of any Funds to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction. Please consult your tax advisor about the tax consequences of an investment in Fund shares, including the possible application of foreign, state, and local tax laws. You could lose money by investing in the ETFs. There can be no assurance that the investment objective of the Funds will be achieved. None of the Funds should be relied upon as a complete investment program.

    The ETF Funds are distributed by ALPS Distributors, Inc. GraniteShares is not affiliated with ALPS. ALPS Distributors, Inc, provides marketing services to the Exchange-Traded Grantor Trusts. The Sponsor of the Trust is GraniteShares LLC.

    Control GRS001327

    The MIL Network –

    June 27, 2025

  • MIL-OSI: Ascent Solar Technologies Enters Collaborative Agreement Notice with NASA to Advance Development of Thin-Film PV Power Beaming Capabilities

    Source: GlobeNewswire (MIL-OSI)

    THORNTON, Colo., June 26, 2025 (GLOBE NEWSWIRE) — Ascent Solar Technologies (Nasdaq: ASTI) (“Ascent” or the “Company”), the leading U.S. innovator in the design and manufacture of featherweight, flexible, and durable CIGS thin-film photovoltaic (PV) solutions, announced today that the company is commencing work on a Collaborative Agreement Notice (CAN) with NASA Marshall Space Flight Center (MSFC) and support from NASA Glenn Research Center (GRC) to efficiently advance capabilities for receiving beamed power using CIGS PV modules.

    The CAN program targets rapid iterative development to mature commercial products for enabling mission architectures to include beamed power. The public-private partnership includes Ascent contributing design and prototyping services with NASA providing technical subject matter expertise and test services through combined MSFC & GRC efforts. This 12-month technology maturation will result in commercial products being made available for distributed space power infrastructure, drastically lowering the cost, complexity and risk of NASA missions.

    Launched in 2023, NASA’s Psyche Mission has demonstrated deep space laser communications across 19 million miles of space, validating the efficacy of tight-beaming technologies over vast distances. Bench-testing conducted by NASA MSFC in 2024 demonstrated receiving beamed power using Ascent’s commercial-off-the-shelf (COTS) products as a preceding validation of the technology prior to the CAN award.

    The CAN is evaluating the ability of Ascent’s CIGS PV modules to generate power while illuminated by energy-dense beams of light, with goals to convert more usable power from the equivalent of tens of Earth’s Sun. The ability to remotely receive 10x more power on-demand while using the same PV cells tasked with collecting sunlight can significantly reduce solar array mass and volume required to meet mission power needs. In practice, this suggests that beamed-power architectures can lead to reductions of both spacecraft mass and volume budgets. These size efficiencies will result in agency payloads proportionally increasing relative to the spacecraft as a whole, thus allowing the prioritization of more technology, science and exploration within limited mission budgets.

    Planetary missions require advanced surface mobility logistics and depend on power generation subsystems that comprise a substantial proportion of the landed downmass. It is here where Ascent technology poses a potential solution for reducing spacecraft power system mass and volume needs, creating a significant impact on the overall mission.

    The CAN’s goals include increasing the array power output while lengthening the operational duty cycles to verify that improvements to this emerging technology can help enable NASA to effectively and efficiently achieve the agency’s Commercial Lunar Payload Services (CLPS) missions, Artemis campaign to the Moon, and planetary science objectives. This includes enabling surviving the lunar night as well as powering remote access to areas of scientific interest such as cold traps and permanently shadowed regions on the Moon (PSRs) where water, the potential key to lunar in-situ resource utilization (ISRU), is believed to be located in high concentrations. Ultimately, this could lead to an order of magnitude reduction in the downmass required to access expensive space exploration and science mission destinations. The going rate for robotic landers on the Moon is between 6 & 7-figures per kilogram delivered to the lunar surface, equating to upwards of tens of millions of potential savings per lander mission.

    “This collaboration with NASA further bolsters our longstanding belief that the unique capabilities of thin-film solar technology will play an integral role in overcoming the challenges of reliably converting solar energy and also receive beamed power in a breadth of harsh space environments,” said Paul Warley, CEO of Ascent Solar Technologies. “Through our work together, we plan to bring an even more capable product line to market that will reduce mission costs and complexities while improving PV efficiency, making our technology a crucial piece of future space missions.”

    This cross-NASA-center teaming is demonstrative of rallying together with commercial partners to achieve the agency’s broader Lunar program goals. Beamed power stands to allow NASA program dollars to accomplish more at a fraction of the cost. With 55 countries having signed the Artemis Accords since 2020, the establishment of critical Lunar infrastructure with less resources required facilitates achieving more together with international partners.

    About Ascent Solar Technologies, Inc.

    Backed by 40 years of R&D, 15 years of manufacturing experience, numerous awards, and a comprehensive IP and patent portfolio, Ascent Solar Technologies, Inc. is a leading provider of innovative, high-performance, flexible thin-film solar panels for use in environments where mass, performance, reliability, and resilience matter. Ascent’s photovoltaic (PV) modules have been deployed on space missions, multiple airborne vehicles, agrivoltaic installations, in industrial/commercial construction as well as an extensive range of consumer goods, revolutionizing the use cases and environments for solar power. Ascent Solar’s research and development center and 5-MW nameplate production facility is in Thornton, Colorado. To learn more, visit https://www.ascentsolar.com.

    Forward-Looking Statements

    Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements” including statements about the financing transaction, our business strategy, and the potential uses of the proceeds from the transaction. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the company’s actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. We have based these forward-looking statements on our current assumptions, expectations, and projections about future events. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as “will,” “believes,” “belief,” “expects,” “expect,” “intends,” “intend,” “anticipate,” “anticipates,” “plans,” “plan,” to be uncertain and forward-looking. No information in this press release should be construed as any indication whatsoever of our future revenues, stock price, or results of operations. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company’s filings with the Securities and Exchange Commission including those discussed under the heading “Risk Factors” in our most recently filed reports on Forms 10-K and 10-Q.

    Media Contact

    Spencer Herrmann
    FischTank PR
    ascent@fischtankpr.com

    The MIL Network –

    June 27, 2025

  • MIL-OSI: Richtech Robotics’ AI-Driven Robot ADAM Invited to Support Event by the United States Space Force Historical Foundation

    Source: GlobeNewswire (MIL-OSI)

    Company’s AI-powered robot, ADAM, will serve space themed cocktails to attendees of the Invite-Only VIP Legacy of Launch event

    LAS VEGAS, June 26, 2025 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, announces that its cutting-edge robot, ADAM, will be featured at the Legacy of Launch 75th Anniversary event, taking place on July 24, 2025 in the Kennedy Space Center Shuttle Room, which is located at the Kennedy Space Center Visitor Complex.

    This invitation-only VIP event is a rare and transformative moment that will seamlessly unite history, celebration, and vision. Designed to honor the extraordinary achievements of the past 75 years, the mission of the Legacy of Launch is to ignite a global passion for space by honoring past achievements, celebrating present advancements, and inspiring future exploration. Through education, preservation, and immersive experiences, it aims to ensure that every generation dares to dream, innovate, and reach beyond our planet.

    As part of this landmark celebration of the Legacy of Launch campaign, Richtech Robotics’ AI-driven robot, ADAM, has been invited to demonstrate the powerful potential of artificial intelligence and robotics in shaping tomorrow’s world. With real-world deployments already underway in the hospitality and entertainment industries, ADAM’s ability to serve space-themed cocktails underscores the Company’s commitment to pioneering technologies that enhance human experiences through state-of-the-art innovation.

    As robotics and AI technologies continue to evolve, the potential for ADAM, and its industrial counterpart Titan, to support space-related applications represents an exciting new vertical for the Company to explore more deeply in the years ahead.

    “We are honored to participate in such a historic event and showcase how ADAM represents the future of intelligent automation—an embodiment of innovation that complements the legacy we are celebrating,” said Matt Casella, President of Richtech Robotics.

    Richtech Robotics has deployed over 400 robot solutions across the U.S. including in restaurants, retail stores, hotels, healthcare facilities, casinos, senior living homes, and factories. Current clients include Texas Rangers’ Globe Life Field, Golden Corral, Hilton, Sodexo, Boyd Gaming, and more.

    About Richtech Robotics

    Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Our mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, we aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at www.RichtechRobotics.com and connect with us on X (Twitter), LinkedIn, and YouTube.

    Forward Looking Statements

    Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. 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 risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the performance of Richtech Robotics’ products.

    These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to the performance of ADAM and the success of Clouffee & Tea. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K, filed with the SEC on January 14, 2025, as amended on February 7, 2025 and March 4, 2025 and other public filings with the SEC. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

    Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Investors:
    CORE IR
    Matt Blazei
    ir@richtechrobotics.com

    Media: 
    Timothy Tanksley
    Director of Marketing
    Richtech Robotics, Inc
    press@richtechrobotics.com
    702-534-0050

    The MIL Network –

    June 27, 2025

  • MIL-OSI: Richtech Robotics’ AI-Driven Robot ADAM Invited to Support Event by the United States Space Force Historical Foundation

    Source: GlobeNewswire (MIL-OSI)

    Company’s AI-powered robot, ADAM, will serve space themed cocktails to attendees of the Invite-Only VIP Legacy of Launch event

    LAS VEGAS, June 26, 2025 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, announces that its cutting-edge robot, ADAM, will be featured at the Legacy of Launch 75th Anniversary event, taking place on July 24, 2025 in the Kennedy Space Center Shuttle Room, which is located at the Kennedy Space Center Visitor Complex.

    This invitation-only VIP event is a rare and transformative moment that will seamlessly unite history, celebration, and vision. Designed to honor the extraordinary achievements of the past 75 years, the mission of the Legacy of Launch is to ignite a global passion for space by honoring past achievements, celebrating present advancements, and inspiring future exploration. Through education, preservation, and immersive experiences, it aims to ensure that every generation dares to dream, innovate, and reach beyond our planet.

    As part of this landmark celebration of the Legacy of Launch campaign, Richtech Robotics’ AI-driven robot, ADAM, has been invited to demonstrate the powerful potential of artificial intelligence and robotics in shaping tomorrow’s world. With real-world deployments already underway in the hospitality and entertainment industries, ADAM’s ability to serve space-themed cocktails underscores the Company’s commitment to pioneering technologies that enhance human experiences through state-of-the-art innovation.

    As robotics and AI technologies continue to evolve, the potential for ADAM, and its industrial counterpart Titan, to support space-related applications represents an exciting new vertical for the Company to explore more deeply in the years ahead.

    “We are honored to participate in such a historic event and showcase how ADAM represents the future of intelligent automation—an embodiment of innovation that complements the legacy we are celebrating,” said Matt Casella, President of Richtech Robotics.

    Richtech Robotics has deployed over 400 robot solutions across the U.S. including in restaurants, retail stores, hotels, healthcare facilities, casinos, senior living homes, and factories. Current clients include Texas Rangers’ Globe Life Field, Golden Corral, Hilton, Sodexo, Boyd Gaming, and more.

    About Richtech Robotics

    Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Our mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, we aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at www.RichtechRobotics.com and connect with us on X (Twitter), LinkedIn, and YouTube.

    Forward Looking Statements

    Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. 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 risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the performance of Richtech Robotics’ products.

    These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to the performance of ADAM and the success of Clouffee & Tea. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K, filed with the SEC on January 14, 2025, as amended on February 7, 2025 and March 4, 2025 and other public filings with the SEC. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

    Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Investors:
    CORE IR
    Matt Blazei
    ir@richtechrobotics.com

    Media: 
    Timothy Tanksley
    Director of Marketing
    Richtech Robotics, Inc
    press@richtechrobotics.com
    702-534-0050

    The MIL Network –

    June 27, 2025

  • MIL-OSI: OSS Announces Third Order from Leading Asian Defense Contractor for Autonomous Maritime Application

    Source: GlobeNewswire (MIL-OSI)

    ESCONDIDO, Calif., June 26, 2025 (GLOBE NEWSWIRE) — One Stop Systems, Inc. (“OSS” or the “Company”) (Nasdaq: OSS), a leader in rugged Enterprise Class compute for artificial intelligence (AI), machine learning (ML) and sensor processing at the edge, today announced it has received a third order from a leading defense contractor in Asia for an autonomous maritime application. The $340,000 purchase order is scheduled for delivery in the third quarter of 2025 and supports the production of unmanned surface vehicles (USVs) for harbor patrol and security operations.  

    The order builds on a $200,000 purchase made in December 2024 and marks a key transition from system development to production deployment. Based on current forecasts and the expected expansion of their USV product line production, OSS anticipates approximately $4 million in cumulative sales between 2026 and 2029. This multi-year opportunity reflects OSS’s growing position as a platform partner for next-generation autonomous maritime systems.

    OSS’s rugged enterprise class computing technology is embedded into a modular system that enables the conversion of manned patrol boats into autonomous surface vessels. The platform supports a range of mission profiles for defense, public safety, and maritime security, allowing vessels to operate autonomously, intelligently, and safely in complex marine environments.

    OSS is supplying 16 rugged 3U Gen 5 Short Depth Servers (SDS) and redundant ethernet switches for high-speed data ingest and interpretation of data from over 30 cameras.  The rugged system from OSS is designed to perform reliably in temperatures over 40°C and deliver the necessary computing power to support the USV’s computer vision and autonomous navigation system.

    “Today’s announcement demonstrates continued momentum in our partnership with a leading defense contractor and reflects the successful transition into the production phase of their USV program,” said OSS CEO Mike Knowles. “It also reinforces our broader platform-based growth strategy aimed at embedding OSS’s PCIe/Switch Fabric technology from initial development, through production scaling, and into long-term sustainment and support. We believe this model aligns with how global defense contractors build and manage critical programs. We see meaningful long-term value in this expanding relationship, and we are proud to support the deployment of next-generation autonomous maritime systems that advance national and maritime security.”

    About One Stop Systems
    One Stop Systems, Inc. (Nasdaq: OSS) is a leader in AI enabled solutions for the demanding ‘edge’. OSS designs and manufactures Enterprise Class compute and storage products that enable rugged AI, sensor fusion and autonomous capabilities without compromise. These hardware and software platforms bring the latest data center performance to harsh and challenging applications, whether they are on land, sea or in the air.

    OSS products include ruggedized servers, compute accelerators, flash storage arrays, and storage acceleration software. These specialized compact products are used across multiple industries and applications, including autonomous trucking and farming, as well as aircraft, drones, ships and vehicles within the defense industry.

    OSS solutions address the entire AI workflow, from high-speed data acquisition to deep learning, training and large-scale inference, and have delivered many industry firsts for industrial OEM and government customers.

    As the fastest growing segment of the multi-billion-dollar edge computing market, AI enabled solutions require-and OSS delivers-the highest level of performance in the most challenging environments without compromise.

    OSS products are available directly or through global distributors. For more information, go to www.onestopsystems.com. You can also follow OSS on X, YouTube, and LinkedIn.

    Forward-Looking Statements
    One Stop Systems cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. Words such as, but not limited to, “anticipate,” “aim,” “believe,” “contemplate,” “continue,” “could,” “design,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “suggest,” “strategy,” “target,” “will,” “would,” and similar expressions or phrases, or the negative of those expressions or phrases, are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements are based on the company’s current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a representation by One Stop Systems or its partners that any of our plans or expectations will be achieved, including but not limited to, the fitness of OSS’ products for unmanned autonomous maritime applications, actual revenue derived from current and expected purchase orders, our growth as a platform partner, performance reliability of the platform in certain conditions, and the timing of shipments and revenue. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including risks described in our prior press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in our latest Annual Report on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the company undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

    Media Contacts:
    Robert Kalebaugh
    One Stop Systems, Inc.
    Tel (858) 518-6154
    Email contact

    Investor Relations:
    Andrew Berger
    Managing Director
    SM Berger & Company, Inc.
    Tel (216) 464-6400
    Email contact

    The MIL Network –

    June 27, 2025

  • MIL-OSI: Fyxt and Payabli Partner to Launch “Vendor Pay,” Accelerating CRE Payments and Simplifying Operations

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, June 26, 2025 (GLOBE NEWSWIRE) — Fyxt, the all-in-one property operations platform for commercial real estate (CRE) portfolios, has partnered with Payabli, a leading embedded payments infrastructure company, to launch Vendor Pay — a fully integrated payment solution that connects job workflows and invoice approvals with real-time vendor payouts.

    “Property teams shouldn’t have to chase paper checks or juggle disconnected tools to pay vendors,” said Ryan Botwinick, CEO and Co-Founder of Fyxt. “Vendor Pay brings payments into the same system where work gets done — closing the loop between service, approval, and payout — so teams can move faster and vendors get paid on time.”

    “What Fyxt is doing with Vendor Pay is a big deal for the industry. They’re already using Payabli to streamline how tenants pay, and now they’re bringing that same level of control, visibility, and automation to how operators pay vendors. By powering both sides of the transaction — pay in and pay out — Fyxt is setting a new standard for operational excellence in property management. We built Payabli to give platforms like Fyxt the tools to own the full payments experience and unlock real value for their customers. This is the future of CRE operations, and Payabli is proud to help make it happen.” — Joseph Elias Phillips, Co-Founder & Co-CEO, Payabli

    Streamlining Workflow, Increasing Transparency

    Vendor Pay streamlines invoice approvals by linking payments to operations and vendor compliance — saving time, reducing tools, and improving the vendor experience.

    Key Features:

    • Same-day digital payouts
    • Secure, automated invoice approvals
    • Seamless integration with existing accounting systems
    • Built-in audit trails and compliance visibility
    • Elimination of manual checks and disconnected invoice processing

    Designed to Scale with CRE

    Fyxt is centralizing property operations by embedding payments directly into its platform. This enhances team efficiency, reduces risk and builds trust with vendors.

    Target Customers Include:

    • Commercial Owners and REITs
    • Facilities and Asset Management Teams
    • Portfolio Operators and Investment Firms

    About Fyxt

    Fyxt is a proptech company redefining CRE operations through automation and centralized workflows. Serving over 400 million square feet across the U.S., Fyxt empowers property teams to manage work orders, vendors, leases, and now payments, from one scalable platform. Learn more at www.fyxt.com.

    About Payabli

    Payabli is a next-generation Payments Infrastructure and Monetization Platform purpose-built for vertical SaaS platforms in need-to-pay industries. Through a single, developer-friendly API, Payabli delivers scalable, PCI Level 1 and SOC 2-compliant solutions for both payment acceptance and issuance — optimized for vendors, subcontractors, and complex workflows. Backed by top fintech investors including QED Investors, Fika Ventures, TTV Capital, and Bling Capital, Payabli is setting the standard for embedded payments infrastructure in need-to-pay verticals. Learn more at www.payabli.com.

    Media Contact
    Tiffany Breckenridge
    Head of Marketing
    Fyxt
    Tiffany.breckenridge@buildingblocks.la
    615-957-7097
    www.fyxt.com

    The MIL Network –

    June 27, 2025

  • MIL-OSI: Half of Enterprise Windows Endpoints Have Not Yet Migrated to Windows 11, According to ControlUp Study

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, June 26, 2025 (GLOBE NEWSWIRE) — ControlUp, a global leader in Digital Employee Experience (DEX) management tools, today announced new findings from its Windows 11 Readiness report, revealing that 50% of enterprise Windows endpoints have yet to complete their migration to Windows 11. This marks a significant improvement from last year’s data, when over 82% of enterprise devices were not running Windows 11. With just under four months remaining until Microsoft officially ends support for Windows 10 on October 14, 2025, the data highlights both encouraging progress and critical gaps in enterprise readiness across industries, geographies, and organization sizes.

    “While the 50% completion mark is a major milestone, it’s not time to relax,” said Marcel Calef, Americas Field CTO, ControlUp. “With Windows 10 end of support just months away, organizations need to act now to avoid being caught off guard. Our data shows that the rate of migration is uneven, and many enterprises still face significant hardware and planning challenges.”

    Industry Disparities Highlight Readiness Gaps

    ControlUp’s analysis of over one million enterprise endpoints shows that Education and Technology sectors are leading the migration, with 77% and 73% of their devices already running Windows 11, respectively. In contrast, Healthcare (41%) and Finance (45%) are falling behind. A deeper look reveals that 19% of Healthcare endpoints need to be replaced entirely before they can support Windows 11, compared to just 3% in Finance.

    Americas Trail Behind Europe and Other Regions

    By region, the Americas are furthest behind, with only 43% of enterprise endpoints upgraded to Windows 11, even though 87% of those devices are Windows 11 ready. Europe leads all regions at 70% completion, followed by other global regions at 66%. These regional differences could impact multinational organizations’ ability to maintain consistency and security across their environments.

    Larger Enterprises Facing the Greatest Hurdles

    ControlUp’s data also reveals that very large organizations (with over 10K Windows devices) are the least prepared for the end of Windows 10 support, with just 42% of migrations completed. These organizations often have complex IT environments and a higher volume of legacy hardware, making early assessments and planning essential.

    “ControlUp’s Windows 11 readiness assessment tool helps IT teams instantly evaluate endpoint compatibility, identify upgrade opportunities, and flag devices needing replacement, all from a single dashboard,” Calef added.

    The Windows 11 Readiness report, available through ControlUp’s Windows 11 Readiness Assessment tool, is built into the ControlUp for Desktops solution—designed to improve the digital employee experience across physical and cloud-based endpoint devices.

    ControlUp’s findings are based on a sample set of more than one million enterprise Windows endpoint devices under management as of June 2025. Additional insights can be found here.

    About ControlUp

    ControlUp is a leader in DEX, unifying Digital Employee Experience and IT operations in one powerful platform built for modern workplace management. By combining real-time monitoring, intelligent insights, and proactive remediation, ControlUp accelerates the shift toward Autonomous Endpoint Management (AEM)—empowering IT teams to resolve issues before they affect employees, simplify operations, and manage complexity without the clutter of multiple tools. Nearly 2,000 organizations, including more than one-third of the Fortune 100, trust ControlUp to keep their technology running smoothly. With ControlUp, IT works smarter, employees stay productive, and the workplace runs itself. To learn more, visit www.controlup.com.

    Press Contacts:
    ControlUp PR
    media@controlup.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dc9c1eae-0f16-4e4a-8c00-52d156fb5d1c.

    The MIL Network –

    June 27, 2025

  • MIL-OSI Russia: GUU and GGNTU discussed the development prospects of the RosGeoTech PISh

    Translation. Region: Russian Federal

    Source: State University of Management – Official website of the State –

    A meeting with colleagues from the M.D. Millionshchikov State Petroleum Technical University on the development of the RosGeoTech PIS took place at the State University of Management.

    The meeting was attended by: Head of the PIS Andrey Luzhetsky, Vice-Rector of the State University of Management Maria Karelina, Vice-Rector for Research at GGNTU Magomed Saidumov, Head of the Department for Coordination of Scientific Research at the State University of Management Maxim Pletnev and Deputy Director of the Center for Management of Engineering Projects Dmitry Nikitin.

    The participants discussed the opening of the joint laboratory of digital innovations in industry “ABRIS” at the State University of Management, which is scheduled for August 2025. The laboratory will carry out work on the project “Autonomous unmanned and robotic innovative systems for monitoring oil and gas facilities and geophysical surveys” of the Advanced Engineering School.

    The parties also reviewed the progress of the implementation of scientific and educational projects within the framework of the development program of the RosGeoTech Scientific and Educational School.

    Thus, in 2025, GUU and GGNTU will participate in the implementation of two scientific projects – GeoMap and ABRIS – and four educational projects on additional professional education, including a network of additional professional education in reverse engineering.

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

    MIL OSI Russia News –

    June 27, 2025

  • MIL-OSI USA: Gross Domestic Product, 1st Quarter 2025 (Third Estimate), GDP by Industry, and Corporate Profits (Revised)

    Source: US Bureau of Economic Analysis

    Real gross domestic product (GDP) decreased at an annual rate of 0.5 percent in the first quarter of 2025 (January, February, and March), according to the third estimate released by the U.S. Bureau of Economic Analysis. In the fourth quarter of 2024, real GDP increased 2.4 percent.

    The decrease in real GDP in the first quarter primarily reflected an increase in imports, which are a subtraction in the calculation of GDP, and a decrease in government spending. These movements were partly offset by increases in investment and consumer spending.

    Real GDP was revised down 0.3 percentage point from the second estimate, primarily reflecting downward revisions to consumer spending and exports that were partly offset by a downward revision to imports. For more information, refer to the “Technical Notes” below.

    Compared to the fourth quarter, the downturn in real GDP in the first quarter primarily reflected an upturn in imports, a deceleration in consumer spending, and a downturn in government spending that were partly offset by an upturn in investment.

    Real final sales to private domestic purchasers, the sum of consumer spending and gross private fixed investment, increased 1.9 percent in the first quarter, revised down 0.6 percentage point from the previous estimate.

    From an industry perspective, the decrease in real GDP reflected decreases of 2.8 percent in real value added for private goods-producing industries and 0.3 percent for private services-producing industries that were partly offset by an increase of 2.0 percent in real value added for government.

    Real gross output increased 0.6 percent in the first quarter, reflecting an increase of 1.1 percent for private services-producing industries that was partly offset by decreases of 0.6 percent for private goods-producing industries and 0.6 percent for government.

    The price index for gross domestic purchases increased 3.4 percent in the first quarter, revised up 0.1 percentage point from the previous estimate. The personal consumption expenditures (PCE) price index increased 3.7 percent, and the PCE price index excluding food and energy increased 3.5 percent, both 0.1 percentage point higher than previously estimated.

    Real gross domestic income (GDI) increased 0.2 percent in the first quarter, revised up 0.4 percentage point from the previous estimate.

    Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) decreased $90.6 billion in the first quarter, an upward revision of $27.5 billion.

    Real GDP and Related Measures
    [Percent change from Q4 2024 to Q1 2025]
      Advance Estimate Second Estimate Third Estimate
    Real GDP -0.3 -0.2 -0.5
    Current-dollar GDP 3.5 3.4 3.2
    Real final sales to private domestic purchasers 3.0 2.5 1.9
    Real GDI … -0.2 0.2
    Average of Real GDP and Real GDI … -0.2 -0.1
    Gross domestic purchases price index 3.4 3.3 3.4
    PCE price index 3.6 3.6 3.7
    PCE price index excluding food and energy 3.5 3.4 3.5
    For definitions, statistical conventions, updates to GDP, and more, visit “Additional Information.”

    Next release: July 30, 2025, at 8:30 a.m. EDT
    Gross Domestic Product (Advance Estimate)
    2nd Quarter 2025

    Technical Notes

    Sources of revisions to real GDP in the third estimate

    Real GDP decreased at an annual rate of 0.5 percent (0.1 percent at a quarterly rate1) in the first quarter, a downward revision of 0.3 percentage point from the previous estimate, primarily reflecting downward revisions to consumer spending and exports that were partly offset by a downward revision to imports.

    • Within consumer spending, the largest contributor to the revision was services, led by recreation services and transportation services, based on new and revised first-quarter data from the Census Bureau Quarterly Services Survey, as well as other services (led by international travel), based on revised data from BEA’s International Transactions Accounts (ITAs).
    • For both exports and imports, the revised estimates primarily reflected updated data from BEA’s ITAs.
      • Within exports, the downward revision was to services, led by other business services and charges for the use of intellectual property.
      • Within imports, the revision reflected downward revisions to both services (led by other business services) and goods (led by industrial supplies and materials as well as by capital goods, except automotive).

    More information on the source data and BEA assumptions that underlie the first-quarter estimate is shown in the key source data and assumptions table.

    1Percent changes in quarterly seasonally adjusted series are displayed at annual rates, unless otherwise specified. For more information, refer to the FAQ “Why does BEA publish percent changes in quarterly series at annual rates?“. 

    MIL OSI USA News –

    June 27, 2025
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