NewzIntel.com

Category: Transport

  • MIL-OSI Security: Dominican National Arrested for his Unlawful Reentry into the United States and for Distributing Fentanyl and One Pound of Methamphetamine

    Source: Office of United States Attorneys

    CONCORD – A Dominican man was arrested in connection with immigration and drug offenses, Acting U.S. Attorney Jay McCormack announces.

    Robely Eladio De Jesus Guerrero, 37, a citizen of the Dominican Republic unlawfully residing in Massachusetts, was charged with unlawful reentry of a deported alien and distribution of controlled substances, specifically methamphetamine and fentanyl. He appeared in federal court today and was detained. His next hearing is scheduled for June 20, 2025.

    According to the charging documents, De Jesus Guerrero was deported to the Dominican Republic from the United States in November 2021. He was encountered again by law enforcement in August and September 2024 in New Hampshire.

    Between August and September 2024, De Jesus Guerrero allegedly distributed approximately 120 grams of fentanyl and approximately one pound of methamphetamine.

    The charges of distribution of a controlled substance and conspiracy to distribute a controlled substance carry a sentence of up to 20 years’ incarceration, not less than 3 years of supervised released, and a fine up to $1,000,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    The Drug Enforcement Administration investigated this case.  Assistant U.S. Attorney Matthew T. Hunter is prosecuting the case.

    This effort is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

    The details contained in the charging documents are allegations. The defendants are presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

    ###

    MIL Security OSI –

  • MIL-OSI Security: Alamogordo Man Sentenced on Federal Firearms Offenses Related to the Murder of Alamogordo Police Officer

    Source: Office of United States Attorneys

    ALBUQUERQUE – An Alamogordo man was sentenced to 8 years in prison for federal firearms offenses connected to the murder of Alamogordo Police Officer Anthony Ferguson. United States District Judge Margaret Strickland ordered the 8-year federal sentence to run consecutive to De La O’s state life sentence following a request by United States Attorney Ryan Ellison.

    According to court records, on July 15, 2023, Dominic De La O fatally shot Officer Ferguson following an attempted traffic stop in Alamogordo, New Mexico. De La O used a sawed-off, unregistered shotgun supplied by Jonah Apodaca to kill Officer Ferguson after fleeing from a traffic stop and leading police on a pursuit. Officer Ferguson, a 11-year veteran of the Alamogordo Police Department and Field Training Officer, succumbed to his injuries on July 16, 2023.

    United States Attorney Ryan Ellison issued the following statement after the sentencing hearing:

    “Alamogordo Police Officer Anthony Ferguson faithfully served the people of Alamogordo for over 11 years—I know because I am one of them. My family still lives in Alamogordo and my mother attended Officer Ferguson’s funeral. An 8-year federal sentence for violations of federal firearms laws running consecutive to De La O’s state life sentence guarantees that he will never again see the outside of a prison cell. Acts of violence against those who serve and protect our communities will not be tolerated and should be punished to the fullest extent of the law. It was my great privilege to meet with Officer Ferguson’s family and to personally prosecute this case to ensure that justice was served.”

    “Officer Anthony Ferguson’s death was a devastating and senseless act of violence,” said ATF Special Agent in Charge Brendan Iber. “Violence against our law enforcement officers and first responders must never be tolerated. Alongside our state, local and federal partners, we will relentlessly pursue justice—just as we did in this case. We continue to offer our heartfelt condolences to Officer Ferguson’s family, friends, the Alamogordo Police Department, and the entire community. His service and sacrifice will never be forgotten.”

    De La O was previously found guilty of first-degree murder and related state charges and was sentenced to life in prison without the possibility of parole, plus an additional six and a half years for tampering with evidence, aggravated fleeing, criminal trespass, and resisting or evading an officer.

    Jonah Apodaca pleaded guilty to being a felon in possession of a firearm and was sentenced to 72 months in federal prison for providing the weapon used in the fatal shooting.

    U.S. Attorney Ryan Ellison and Brendan Iber, Special Agent in Charge of the Phoenix Field Division of the Bureau of Alcohol, Tobacco, Firearms and Explosives, made the announcement today.

    The Bureau of Alcohol, Tobacco, Firearms and Explosives investigated this case with assistance from the Alamogordo Police Department, New Mexico State Police, the Otero County Sheriff’s Office, and the Twelfth Judicial District Attorney’s Office. U.S. Attorney Ryan Ellison and Assistant U.S. Attorney Maria Y. Armijo prosecuted the case. 

    MIL Security OSI –

  • MIL-OSI Security: Jackson Man Sentenced to Over 18 Years in Prison for Conspiracy to Possess with Intent to Distribute Cocaine and Possession with the Intent to Distribute Methamphetamine

    Source: Office of United States Attorneys

    Jackson, MS – A Jackson man, Marcus Guice, was sentenced on May 30, 2025 to 175 months in federal prison and 3 years of supervised release for conspiracy to possess with intent to distribute cocaine and 175 months in federal prison and 5 years of supervised release for possession with intent to distribute 50 grams or more of methamphetamine, both sentences and terms of supervised release to run concurrently.  Since his criminal conduct was in violation of his federal supervised release, Guice was also sentenced to an additional 46 months in federal prison to run consecutive to the 175-month prison term.      

    According to court documents, in and around December 2019 and continuing through January 2020, communications between Guice and his coconspirators were intercepted wherein they negotiated and conducted the sale of marijuana, cocaine, cocaine base (commonly known as “crack”), and methamphetamine in the Jackson, Mississippi area.  Guice and his coconspirators are responsible for over 69,000 kilograms of converted drug weight being sold in the Jackson, Mississippi area in a two-month period.

    In addition to the prison sentence, Guice was ordered to pay a $1,500 fine.

    Acting U.S. Attorney Patrick A. Lemon of the Southern District of Mississippi; and Special Agent in Charge Robert Eikhoff of the Federal Bureau of Investigation made the announcement.

    The case was investigated by the Federal Bureau of Investigation, Jackson Police Department and Ridgeland Police Department, and was prosecuted by Assistant United States Attorney Keesha Middleton.

    This case is part of Operation Take Back America (https://www.justice.gov/dag/media/1393746/dl?inline) a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).
     

    MIL Security OSI –

  • MIL-OSI New Zealand: Open Polytechnic connection blooms at the Melbourne International Flower and Garden Show

    Source: Open Polytechnic

    Open Polytechnic was well represented at the Melbourne International Flower and Garden Show 2025 recently, by Megan Parker, Academic Staff Member in floristry for the distance learning organisation, along with former horticulture graduate and well-known landscape designer Bayley LuuTomes.
    While Megan, who was head judge, enjoyed working alongside various inspiring floral designers on stage, her biggest highlight this year was being invited by Bayley who is a host on the TV show, My Dream Green Home, to collaborate on The Welcome Garden.
    How did this opportunity come about?
    Megan and Bayley had both attended the Singapore Flower Festival in 2024, where Bayley had an informal discussion with the Melbourne International Flower and Garden Show Executive Director Trent Cornish.
    “I knew Megan was an amazing florist and said to myself, one day I would love to collaborate with her on a project,” Bayley said.
    “While designing The Welcome Garden, an opportunity presented itself to incorporate her skills and abilities.”
    The Welcome Garden
    The Welcome Garden is the first garden that the public sees when they enter the main gates of the Melbourne International Flower and Garden Show.
    According to Bayley, The Welcome Garden delved into the concept of “Endless Possibilities”, inviting us to liberate our minds and dream freely.
    “It’s about breaking free from the boundaries that shackle our creativity, being brave enough to explore unlimited potential, and daring to venture beyond the norm,” he says.
    “The Rubik’s Cube stands as my symbol of this movement and serves as the inspiration for this year’s Welcome Garden at the Melbourne International Flower & Garden Show.”
    Inside the cube Megan created the heart of the cube, the eye of the cube, along with the dreamcatcher.
    “It had to be colourful, picking up the colours of the cube and be tropical to connect with the planting,” Megan said.
    Megan’s piece also had lights, so it looked amazing when the gardens were open at night-time.
    Bayley’s horticulture journey
    According to Bayley, horticulture is in his blood.
    “From a very young age my inspiration came from my mother who gave me a small corner of the family garden, to grow what I wanted,” he said.
    “She grew food for the family, while I wanted to grow beautiful flowers.”
    This creative side led him to pursue a career in design working in advertising. After a few years Bayley made the decision to leave the world of advertising to follow his dreams of a career in landscaping.
    He took a job working as a gardener in Wellington, before enrolling in Open Polytechnic’s National Certificate in Horticulture (Level 4) which he completed in 2012.
    “Open Polytechnic opened many doors to the industry I was about to step into at the time,” Bayley said.
    “Not only was I armed with the horticultural knowledge that programme provided, it also enabled me to understand plants on a level that improved and enhanced my landscape design.”
    Megan’s role as head judge
    Megan has been a member of the New Zealand Professional Florists (NZPF) since 1985.
    This experience has seen her judge competitions at international shows and events.
    Megan has been the appointed head judge of the Melbourne International Flower & Garden Show since 2019.
    This year there were 90 entries to mark, making it an extremely busy time.
    Megan loves the Melbourne International Flower and Garden Show, which had more than 110,000 people in attendance.
    “We have nothing like this in New Zealand not even on a small scale any longer,” she says.
    The experience of being involved in the Melbourne International Flower & Garden Show, provided opportunities for Megan to converse with other show attendees, including ākonga (learners) and their very proud and supportive families.
    “The floristry students and tutors I spoke with were blown away that we (Open Polytechnic) teach both Level 2 and Level 3 online,” she says.
    “I love to share how this process is possible, what we actually teach and the results we gain.”
    Megan joined Open Polytechnic in 2017 and was also involved in helping to set up Open Polytechnic’s first online Level 2 floristry course, which started in 2019.
    “I believe we are breaking ground at the Open Polytechnic with our floristry courses with the way in which we deliver a practical course with great results,” Megan says.
    She also recently received an Associate of Honour, (AHRIH), the highest award possible from the Royal New Zealand Institute of Horticulture’s (RNZIH) at the New Zealand National Awards.
    To find out more about studying floristry at Open Polytechnic, go to www.openpolytechnic.ac.nz

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Federated Farmers – Save our sheep billboards hit Wellington

    Source: Federated Farmers

    Federated Farmers have taken the fight for the future of New Zealand sheep farming to the streets of Wellington, with bold digital billboards visible directly from Ministers’ Beehive offices.
    The message to politicians is clear and concise: sheep are not the problem – stop planting productive farmland in pine trees for carbon credits.
    “We wanted this campaign to be bold and directly in politicians’ faces. That’s the only way we’re going to get their attention,” Federated Farmers meat & wool chair Toby Williams says.
    “Sheep farming is in crisis. We need the Government to urgently wake up to the impact poor policy is having on our farming families and rural communities.
    “Each year we’re losing tens of thousands of hectares of productive farmland.
    “Where sheep and lambs once grazed there’s now nothing but pine trees as far as the eye can see.”
    Between 2017 and 2024, more than 260,000 hectares of productive sheep farming land were plastered in pine trees – never to return to pasture.
    In just one generation New Zealand has lost over two-thirds of our national flock, reducing from over 70 million sheep in 1982 to fewer than 25 million sheep today.
    “Our national flock is declining by almost a million sheep every year and the number one driver is carbon forestry,” Williams says.
    “Farms are being converted to forestry because Government policy is screwing the scrum and making it more profitable to plant pine trees than to farm sheep.
    “The Emissions Trading Scheme (ETS) is effectively subsidising pine trees to offset fossil fuel emissions, and that’s pushing farming families off the land and destroying rural communities.”
    New Zealand is the only country in the world that allows 100% carbon offsetting through forestry, with other countries recognising the risk and putting restrictions in place.
    Federated Farmers is now calling on the Government to urgently review the ETS and fix the rules to either limit or stop the offsetting of fossil fuel emissions with forestry.
    You can sign the petition at www.saveoursheep.nz

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Powrsuit Founders Wow at Soda’s Women in Business Expo

    Source: Soda Inc.
    More than 150 female entrepreneurs and business owners attended Soda’s Women in Business Expo last week with guest speakers – Hatch and Powrsuit founders, Kristen Lunman and Natalie Ferguson – sharing insights around fear, failure and the importance of mindset.
    Sponsored by Deloitte, the expo was an opportunity for female business owners and founders to be inspired, network with like-minded women in business and learn more about business support options available in Aotearoa New Zealand.
    Soda General Manager Anna Devcich says: “Soda connects business owners and entrepreneurs with government support and funding to help their businesses thrive. We’re also passionate about supporting women in business so our Women in Business Expo is an opportunity for female business owners, entrepreneurs and leaders to connect and learn in a welcoming and supportive environment.
    “As a business owner or founder, it’s vital to access the right support and make connections that allow you to grow – as an individual and as a business. Soda’s Women in Business Expo creates a space where women can do just that.
    “Nat and Kristen from Powrsuit shared some powerful messages with our audience about the importance of mindset and the value of learning through doing. As founders of a career accelerator (among other successful businesses), their advice really hit the mark.”
    Held in The Atrium at Wintec House, organisations at the expo included Craigs Women’s Wealth, Deloitte, Cambridge Chamber of Commerce, Finance NZ, New Zealand Trade and Enterprise, NZ Entrepreneur, New Zealand Growth Capital Partners, On Your Terms NZ, Osbaldiston Lane, Powrsuit, Rocketspark, RWA Lawyers, She by Shan, Soda, Takatini Waikato District Economic Development, Te Whatu Ora: National Public Health Service, Waikato Waahine Collective and Waipā District Council.
    Soda’s Regional Business Partner contract has recently been extended for a further two years, so Soda looks forward to continuing to support Waikato businesses.
    ABOUT SODA
    Soda helps businesses achieve their goals and create success. We connect entrepreneurs, business owners and key decision makers with the right people, tools, resources and programmes to accelerate business growth. Based in Hamilton, Soda is the Waikato’s Regional Business Partner (RBP), connecting business owners with government funding and support.
    ABOUT POWRSUIT
    Kristen Lunman and Natalie Ferguson are the co-founders and directors of Powrsuit – a career accelerator for women at every stage (with a space for allies, too). Combining bite-sized learning and micro-networking, Powrsuit takes professional development out of to-do lists and into weekly routines. With over 700 members across NZ, Australia, North America and Europe (and a handful in Singapore!), Powrsuit’s research-backed approach delivers a tangible return on investment. After six months, 82% of members increase self-leadership skills and 28% take a tangible step forward in their careers.

    MIL OSI New Zealand News –

  • MIL-OSI: Insurtech Insights USA 2025: Highlights from the Opening Day

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 04, 2025 (GLOBE NEWSWIRE) — Insurtech Insights USA 2025, North America’s premier gathering of insurance executives and innovators, kicked off today at the Javits Center with record energy from 6,000+ attendees, fresh perspectives, and a bold vision for the future of insurance. With thousands of executives, investors, and founders in attendance, the first day of the conference delivered powerful discussions across multiple stages, spotlighting how AI, innovation, and leadership are actively reshaping the insurance landscape.

    A Media Snippet accompanying this announcement is available in this link.

    One of the most anticipated sessions of the day featured Garry Kasparov, Chess Grandmaster, and renowned AI advocate, who took the main stage to explore the evolving relationship between humans and artificial intelligence in the insurance sector. In his keynote titled “Human vs AI: The Future of Insurance Lies in Collaboration,” Kasparov challenged attendees to view AI not as a competitor, but as a partner in driving more informed, efficient, and human-centered decision-making. The session, moderated by Sean Merat, CEO, Owl.co, sparked conversations around how trust, ethics, and control play critical roles in AI integration.

    Another standout moment was the executive panel “View From the Top – How Senior Leaders at Major Carriers and Brokers Are Actually Using AI to Drive Business Results.” The discussion brought together Juan Andrade, President & CEO of USAA, and Mark Hammond, EVP & CIO of AssuredPartners, who shared how AI already delivers measurable outcomes across underwriting, claims, and distribution. The panel was moderated by Nirav Dagli, Founder & CEO of Spinnaker Analytics, and emphasized the shift from experimentation to enterprise deployment of AI-powered workflows.

    On the investment side, “Unicorn Building: The Insurtech Funding Landscape in 2025 & Beyond” examined the evolving dynamics of capital flow in insurtech. Ian Sanders, SVP, Venture Capital Portfolio Munich Re Ventures, Tim Del Bello, Managing Director, New York Life Ventures, and Ali Geramian, Partner, Anthemis, provided insights on what it takes to scale startups in today’s climate, where ROI, risk alignment, and resilience are top priorities for investors.

    The energy throughout the day was palpable, as multiple stages buzzed with strategic discussions, product demos, and spontaneous networking. From visionary keynotes to practical use cases, Day 1 proved that insurance innovation is accelerating—not in some distant future, but right now.

    Kristoffer Lundberg, CEO of Insurtech Insights, commented on the success of the opening day, saying, “Day one of Insurtech Insights USA 2025 exceeded all expectations. From Garry Kasparov exploring the human-AI partnership, to carriers unveiling practical, AI-enabled workflows in underwriting, claims, and distribution, what we witnessed today is not the future of insurance, it’s the now,”. He added, “We saw proof that collaboration between carriers, startups, and regulators is the foundation for transformation. This energy is exactly why we built this community: to connect bold thinkers who are ready to shape the next decade of insurance.”

    Insurtech Insights USA 2025 continues tomorrow with another full day of programming, including exclusive fireside chats, AI-focused panels, and investor briefings.

    Follow on LinkedIn for live updates.

    About Insurtech Insights USA

    Insurtech Insights USA is the leading global conference for the insurtech industry, bringing together experts, innovators, and thought leaders to discuss the latest trends, challenges, and opportunities shaping the future of insurance. With a focus on innovation, collaboration, and disruption, Insurtech Insights USA provides a platform for networking, learning, and driving meaningful change in the insurance sector.

    For media queries and other information, please contact:

    Girish Jaggi
    Senior Account Manager
    The MicDrop Agency
    girish@themicdropagency.com
    +1 (289) 623 3627

    The MIL Network –

  • MIL-OSI Banking: 4 June 2025 ‘New Horizons 2025’ Zabaykalye International Economic Forum to be held on 25–27 June as off-site event of EEF

    Source: Eastern Economic Forum

    MIL OSI Global Banks –

  • MIL-OSI Canada: HMCS William Hall contributes to significant seizure of illegal narcotics on Operation CARIBBE

    Source: Government of Canada News (2)

    June 4, 2025 – Ottawa, Ontario – National Defence / Canadian Armed Forces

    On May 29 and 31, while deployed in support of Operation CARIBBE, His Majesty’s Canadian Ship (HMCS) William Hall and an embarked United States Coast Guard (USCG) Law Enforcement Detachment (LEDET) successfully conducted seizures of more than 1300 kilograms of cocaine in the Caribbean Sea.

    During two separate maritime patrols, multi-role rescue boats were deployed from HMCS William Hall to intercept vessels of interest in the Caribbean Sea, resulting in the seizures. These successful interdictions underscore the enduring collaboration and interoperability between the Royal Canadian Navy (RCN) and USCG and support- international efforts to prevent the flow of illicit substances into Canada and North America.

    Canada’s contribution to United States-led Enhanced Counternarcotics Operations under Joint Interagency Task Force South represents an important dimension of our relationship with our ally, the United States, and partners in the region. This collective effort enables us to achieve greater success in making the continent more secure from the threats posed by illicit trafficking and supports broader efforts to enhance regional and continental security.

    MIL OSI Canada News –

  • MIL-OSI Security: Oktibbeha County Man Sentenced in OCDETF Illegal Firearm and Drug Trafficking Case

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    Oxford, MS – A Starkville, Mississippi man was sentenced today to over six years for illegal gun possession and drug trafficking.

    According to court documents, Michael Anthony Doss, of Starkville, Mississippi, pled guilty in the U.S. District Court for the Northern District to Mississippi to being a felon in possession of a firearm and trafficking methamphetamine. Doss was sentenced by U.S. District Court Judge Debra M. Brown on Wednesday to 78 months in prison for the charges. He was further sentenced to three years supervised release following his release from prison.

    “Drug dealers and guns are a lethal combination, and I am extremely proud of the work done by our state and local partners and ATF to bring this defendant to justice and protect our communities,” said U.S. Attorney Clay Joyner.

    “This sentence sends a clear message that drug trafficking and gun violence will not be tolerated in Mississippi. I’m proud of the collaborative efforts of our local, state, and federal partners who worked tirelessly to bring this individual to justice. Together, we are making our communities safer,” said Department of Public Safety Commissioner Sean Tindell.

    The Drug Enforcement Administration, the Oktibbeha County Sheriff’s Department, Mississippi Bureau of Narcotics, and Bureau of Alcohol, Tobacco, Firearms and Explosives investigated the case.

    Assistant U.S. Attorney Clyde McGee prosecuted the case.

    This investigation and resulting case is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) operation. OCDETF identifies, disrupts, and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach. Additional information about the OCDETF Program can be found at https://www.justice.gov/OCDETF.

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

    MIL Security OSI –

  • MIL-OSI Security: U.S. Attorney’s Office Announces Expansion of Project Safe Neighborhoods in Chicago

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    CHICAGO — Andrew S. Boutros, United States Attorney for the Northern District of Illinois, today announced an expansion of Project Safe Neighborhoods (“PSN”)—a key component of the Department of Justice’s violent crime reduction strategy—to include the economic centers in downtown Chicago and the entire rail system operated by the Chicago Transit Authority, including all train lines operating in every neighborhood from every part of the city.

    The PSN program is a federally funded, nationwide initiative that brings together federal, state, and local law enforcement and other stakeholders to identify the most pressing violent crime problems and develop comprehensive solutions to address them.  Until today, the PSN program was deployed in seven Chicago neighborhoods on the West and South sides of the city.  The expansion announced today will implement the program in parts of three police districts in downtown financial zones that represent the economic engines of the city and region, as well as on the CTA trains that bring residents and visitors to those areas from every neighborhood of Chicago and from the city’s two international airports.  Today’s announcement represents the first time anywhere in the country that the program will be deployed on mass transit.

    The PSN expansion was announced by U.S. Attorney Boutros and members of the PSN Chicago Task Force, including the Chicago Police Department.  Substantial assistance to the PSN program is provided by the Federal Bureau of Investigation, U.S. Bureau of Alcohol, Tobacco, Firearms & Explosives, U.S. Drug Enforcement Administration, and the Cook County Sheriff’s Office.

    “Downtown Chicago is the capital of the region’s economy and the cultural and civic heart of the Midwest, where interstate commerce runs strong,” said U.S. Attorney Boutros, who was sworn in as the United States Attorney on April 7, 2025.  “Many billions of dollars of revenue, taxes, and investments are anchored in our city’s financial districts, and when violence and criminal activity cause our residents, businesses, and tourists not to feel safe to live, invest, and shop in Chicago, everyone suffers, whether at the federal, state, or local level. By investing PSN resources in our urban economic centers and the public transit system that feeds into them, we will help foster a downtown that is both safe and friendly to economic vitality for everyone.  This initiative could not happen without a deep collaboration and shared commitment between the Department of Justice and our PSN partners to dedicate the resources necessary to support the downtown economic zones and the many millions of people who annually visit them, as well as the scores of businesses both large and small who serve them.”

    “Partnership and collaboration with our law enforcement and prosecutorial partners are vital in reducing violence and making Chicago safer for all,” said Chicago Police Department Superintendent Larry Snelling.  “Project Safe Neighborhoods reflects this spirit of collaboration and serves as an important tool in addressing crime in one of the busiest areas of our city.  The expansion of this program builds on the progress CPD is making in combating crime citywide.”

    “This new investment of federal resources is critically needed to address the threat that crime—including organized retail theft, carjacking, and armed robberies—pose to the heart of Chicago’s economy and to the transportation systems that tens of thousands of Chicagoans use to travel to and from the downtown,” said Cook County Sheriff Thomas J. Dart.  “For years, my office has devoted significant resources to aggressively combat crime throughout downtown Chicago, the Magnificent Mile, and the surrounding areas, and we welcome the much-needed expansion of Project Safe Neighborhoods to these areas.”

    “ATF is proud to work with our federal, state, and local partners on the expansion of Project Safe Neighborhoods,” said ATF Chicago Special Agent-in-Charge Christopher Amon.  “By combining resources and expertise, we are proactively taking steps to disrupt violent crime in key transit and economic areas to ensure the safety of our residents and visitors.”

    “The FBI remains steadfast in our dogged pursuit of eliminating violent crime,” said FBI Chicago Special Agent-in-Charge Douglas S. DePodesta. “We continue to be thankful for the powerful collaboration between our many law enforcement and prosecutorial partners in this fight.  Our combined efforts reflect our unwavering commitment to ensure that anyone who seeks to endanger our community will be held accountable.”

    Originally launched in 2001, PSN is an evidence-based program that focuses enforcement efforts on the most violent offenders, and partners with local prevention and reentry programs to pursue lasting reductions in crime.  PSN follows four key design elements: focused and strategic enforcement; prevention and intervention; accountability; and community engagement.

    The U.S. Attorney’s Office works closely with its Chicago PSN Task Force partners to assist with applying for and obtaining federal PSN grants to support anti-violence strategies in Chicago.  By designating the downtown economic centers and CTA trains as PSN Enforcement Zones, PSN funds can now be deployed in various ways to help reduce violent crime in those areas, including:

    • Aggressively prosecuting violent offenders.

    • Hiring law enforcement personnel.

    • Paying certain overtime costs for law enforcement officers and others working downtown and aboard CTA trains.

    • Purchasing equipment to assist with violent crime reduction efforts.

    • Supporting multi-jurisdictional task forces.

    • Providing training and technical assistance under the national PSN program.

    • Expanding messaging to deter violence, including signage aboard CTA trains.

    The enforcement efforts in the newly designated PSN Enforcement Zones will focus on the investigation and prosecution of individuals and organized groups who engage in illegal firearm possession, drug trafficking, robberies, carjackings, and other violent offenses.  For violent offenders arrested downtown or aboard CTA trains, criminal prosecutors will bring appropriate charges to achieve maximum deterrence and will seek pretrial detention and substantial prison sentences for defendants who pose a danger to the community.

    In addition to all of the CTA rail lines in every neighborhood in Chicago, the newly designated PSN Enforcement Zone, depicted on this map (reproduced below), extends from Division Street on the Near North Side, between Lake Michigan and La Salle Drive (e.g., Magnificent Mile and Oak Street shopping corridors, Navy Pier, Loop, and Millennium Park), to I-55 between Clark Street and Lake Michigan on the Near South Side (e.g., Museum Campus and McCormick Place), and extends west to Ogden and Ashland Avenues, between Grand Avenue and I-290 (e.g., Fulton Market and West Loop business corridors).

    MIL Security OSI –

  • MIL-OSI: Asure Partners with PensionBee to Offer Retirement Account Rollover Services to Small and Mid-Sized Businesses

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas and NEW YORK, June 04, 2025 (GLOBE NEWSWIRE) — Asure Software (NASDAQ: ASUR), a leading provider of cloud-based Human Capital Management (HCM) software and solutions, today announced its strategic partnership with PensionBee (LON: PBEE), a digital-first retirement provider specializing in simplifying retirement savings. This collaboration empowers employees of Asure’s payroll and HR customers to seamlessly roll over their disparate or forgotten 401(k) and IRA accounts into a single, easy-to-manage retirement savings plan with PensionBee. 

    Through this partnership, Asure continues its mission to deliver big-company benefits to small and mid-sized organizations, leveling the playing field with innovative solutions that simplify employee financial wellness. PensionBee’s user-friendly platform will allow employees of Asure’s payroll clients to consolidate their existing retirement accounts into one streamlined account, making it easier than ever to manage and grow their savings.

    “At Asure, we’re committed to bringing the benefits of innovative HR and payroll solutions to small and mid-sized businesses,” said Pat Goepel, Asure Chairman & CEO. “Our marketplace partnership with PensionBee is a perfect example of how we are democratizing financial wellness by offering streamlined retirement savings solutions that are typically reserved for larger enterprises.”

    Known for its straightforward, consumer-friendly services, PensionBee empowers employees to effortlessly enroll in, consolidate, and manage their retirement savings plans. The award-winning provider offers a robust selection of retirement accounts geared towards everyday savers.

    “When individuals are starting or leaving jobs or navigating other significant life changes, retirement savings should be top of mind,” said Romi Savova, CEO of PensionBee. “Our partnership with Asure allows us to reach millions of Americans at precisely the right moment, connecting more employees with flexible and modern retirement solutions.”

    PensionBee is the latest to join Asure’s Partner Marketplace, which gives Asure clients access to a variety of value-added software and services designed to enhance business operations and employee satisfaction.

    About Asure
    Asure (NASDAQ: ASUR) provides cloud-based Human Capital Management (HCM) software solutions that assist organizations of all sizes in streamlining their HCM processes. Asure’s suite of HCM solutions includes HR, payroll, time and attendance, benefits administration, payroll tax management, and talent management. The company’s approach to HR compliance services incorporates AI technology to enhance scalability and efficiency while prioritizing client interactions. For more information, please visit www.asuresoftware.com. 

    About PensionBee
    PensionBee (LON: PBEE) is a leading online retirement provider, helping people easily consolidate, manage, and grow their retirement savings. The company manages approximately $8 billion in assets and serves over 275,000 customers globally, with a focus on simplicity, transparency, and accessibility.

    Notes
    The information provided in this announcement, including any projections for investment returns and future performance, is for informational and educational purposes only and should not be considered investment advice. Past performance is not indicative of future results. All investments carry risk, including the potential loss of principal. PensionBee is not liable for any losses or damages arising from the use of this information. Projections and forecasts are based on assumptions and current market conditions, which are subject to change.

    Contact Information:
    Patrick McKillop 
    Vice President, Investor Relations  
    617-335-5058
    patrick.mckillop@asuresoftware.com

    The MIL Network –

  • MIL-OSI: Descartes Announces Fiscal 2026 First Quarter Financial Results

    Source: GlobeNewswire (MIL-OSI)

    Record Services Revenues

    WATERLOO, Ontario and ATLANTA, June 04, 2025 (GLOBE NEWSWIRE) — The Descartes Systems Group Inc. (TSX:DSG) (Nasdaq:DSGX) announced its financial results for its fiscal 2026 first quarter (Q1FY26). All financial results referenced are in United States (US) currency and, unless otherwise indicated, are determined in accordance with US Generally Accepted Accounting Principles (GAAP).

    “Our first quarter of fiscal 2026 showed strong annual growth, consistent with our communicated plans,” said Edward J. Ryan, Descartes’ CEO. “This is a challenging and uncertain economic and trade environment for shippers, carriers and logistics services providers. They face challenges on how, when, or if, to react to changes in global trade relationships, tariffs, sanctions and economic forecasts. We continue to see strong interest in our domain expertise and our solutions to help companies navigate the complex trade landscape. We remain committed to growing our business with prudent investments and cost discipline to build the premier network and technology for logistics-intensive businesses.”

    Q1FY26 Financial Results
    As described in more detail below, key financial highlights for Descartes’ Q1FY26 included:

    • Revenues of $168.7 million, up 12% from $151.3 million in the first quarter of fiscal 2025 (Q1FY25) and up 1% from $167.5 million in the previous quarter (Q4FY25);
    • Revenues were comprised of services revenues of $156.6 million (93% of total revenues), professional services and other revenues of $11.8 million (7% of total revenues) and license revenues of $0.3 million (less than 1% of total revenues). Services revenues were up 14% from $137.8 million in Q1FY25 and consistent with $156.5 million in Q4FY25;
    • Cash provided by operating activities of $53.6 million, down from $63.7 million in Q1FY25 and down from $60.7 million in Q4FY25;
    • Income from operations of $46.2 million, up 9% from $42.4 million in Q1FY25 and down from $47.1 million in Q4FY25;
    • Net income of $36.2 million, up 4% from $34.7 million in Q1FY25 and down from $37.4 million in Q4FY25. Net income as a percentage of revenues was 21%, compared to 23% in Q1FY25 and 22% in Q4FY25;
    • Earnings per share on a diluted basis of $0.41, up 2% from $0.40 in Q1FY25 and down from $0.43 in Q4FY25; and
    • Adjusted EBITDA of $75.1 million, up 12% from $67.0 million in Q1FY25 and consistent with $75.0 million in Q4FY25. Adjusted EBITDA as a percentage of revenues was 45%, compared to 44% in Q1FY25 and 45% in Q4FY25.

    Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues are non-GAAP financial measures provided as a complement to financial results presented in accordance with GAAP. We define Adjusted EBITDA as earnings before interest, taxes, depreciation, amortization, stock-based compensation (for which we include related fees and taxes) and other charges (for which we include restructuring charges, acquisition-related expenses, and contingent consideration incurred due to better-than-expected performance from acquisitions). These items are considered by management to be outside Descartes’ ongoing operational results. We define Adjusted EBITDA as a percentage of revenues as the quotient, expressed as a percentage, from dividing Adjusted EBITDA for a period by revenues for the corresponding period. A reconciliation of Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues to net income determined in accordance with GAAP is provided later in this release.

    The following table summarizes Descartes’ results in the categories specified below over the past 5 fiscal quarters (unaudited; dollar amounts, other than per share amounts, in millions):

      Q1
    FY26    		 Q4
    FY25    		 Q3
    FY25    		 Q2
    FY25    		 Q1
    FY25
    Revenues 168.7 167.5 168.8 163.4 151.3
    Services revenues 156.6 156.5 149.7 146.2 137.8
    Gross margin 76% 76% 74% 75% 77%
    Cash provided by operating activities 53.6 60.7 60.1 34.7 63.7
    Income from operations 46.2 47.1 45.8 45.9 42.4
    Net income 36.2 37.4 36.6 34.7 34.7
    Net income as a % of revenues 21% 22% 22% 21% 23%
    Earnings per diluted share 0.41 0.43 0.42 0.40 0.40
    Adjusted EBITDA 75.1 75.0 72.1 70.6 67.0
    Adjusted EBITDA as a % of revenues 45% 45% 43% 43% 44%
               

    Cash Position
    At April 30, 2025, Descartes had $176.4 million in cash. Cash decreased by $59.7 million in Q1FY26. The table set forth below provides a summary of cash flows for Q1FY26 in millions of dollars:

      Q1FY26
    Cash provided by operating activities 53.6
    Additions to property and equipment (1.9)
    Acquisitions of subsidiaries, net of cash acquired (112.3)
    Issuances of common shares, net of issuance costs 3.6
    Payment of withholding taxes on net share settlements (6.5)
    Effect of foreign exchange rate on cash 3.8
    Net change in cash (59.7)
    Cash, beginning of period 236.1
    Cash, end of period 176.4
       

    Acquisition of 3GTMS
    On March 24, 2025, Descartes acquired all of the shares of 3GTMS, a leading provider of transportation management solutions. The purchase price for the acquisition was approximately $112.7 million, net of cash acquired, which was funded from cash on hand.

    Cost Reduction Initiatives
    Considering the economic and global trade uncertainty many Descartes customers are facing, Descartes has undertaken cost reduction initiatives designed to reduce its cost base. The plan is designed to reduce Descartes’ global workforce by approximately 7% and eliminate various other operating expenses. As a result, Descartes expects to incur restructuring charges of approximately $4 million in the second quarter of fiscal 2026 (Q2FY26), which will also impact cash generated from operations in Q2FY26. Once completed, Descartes anticipates annualized cost savings of approximately $15 million.

    Management Update
    Descartes is pleased to announce the appointment of William Green as Executive Vice President, Global Sales. Mr. Green has served as Descartes’ Senior Vice President for North American Sales since August 2020. Mr. Green has previously held senior commercial roles at Salesforce, PROLIFIQ and CDC Software (now Aptean). “We’re excited for Bill to extend his leadership of our growth successes in North America to our global commercial operations,” said Mr. Ryan.

    Andrew Roszko, Descartes’ Chief Commercial Officer, will depart the company in Q2FY26 to pursue another opportunity. Mr. Roszko was appointed EVP Global Sales in February 2019 and appointed Chief Commercial Officer in June 2022. “Andrew has been a valuable contributor to Descartes’ commercial development. We wish him well in his future endeavors,” said Mr. Ryan.

    Conference Call
    Members of Descartes’ executive management team will host a conference call to discuss the company’s financial results at 5:30 p.m. ET on Wednesday, June 4. Designated numbers are +1 289 514 5100 for North America and +1 800 717 1738 for international, using conference ID 26605.

    The company will simultaneously conduct an audio webcast on the Descartes website at www.descartes.com/descartes/investor-relations. Phone conference dial-in or webcast login is required approximately 10 minutes beforehand.

    Replays of the conference call will be available until June 11, 2025, by dialing +1 289 819 1325 or Toll-Free for North America using +1 888 660 6264 with Playback Passcode: 26605#. An archived replay of the webcast will be available at www.descartes.com/descartes/investor-relations.

    About Descartes

    Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com, and connect with us on LinkedIn and X (Twitter).

    Descartes Investor Contact
    Laurie McCauley                                                                     
    (519) 746-2969
    investor@descartes.com

    Cautionary Statement Regarding Forward-Looking Statements This release may contain forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relates to Descartes’ expectations concerning future revenues and earnings, and our projections for any future reductions in expenses or growth in margins and generation of cash; our assessment of the potential impact of geopolitical events, such as the ongoing conflict between Russia and Ukraine (the “Russia-Ukraine Conflict”), and between Israel and Hamas (“Israel-Hamas Conflict”), or other potentially catastrophic events, on our business, results of operations and financial condition; our assessment of the potential impact of tariffs, sanctions and other actions by individual countries on global trade and our business; continued growth and acquisitions including our assessment of any increased opportunity for our products and services as a result of trends in the logistics and supply chain industries; rate of profitable growth and Adjusted EBITDA margin operating range; demand for Descartes’ solutions; growth of Descartes’ Global Logistics Network (“GLN”); customer buying patterns; customer expectations of Descartes; development of the GLN and the benefits thereof to customers; and other matters. These forward-looking statements are based on certain assumptions including the following: global shipment volumes continuing at levels generally consistent with those experienced historically; the Russia-Ukraine Conflict and Israel-Hamas Conflict not having a material negative impact on shipment volumes or on the demand for the products and services of Descartes by its customers and the ability of those customers to continue to pay for those products and services; countries continuing to implement and enforce existing and additional customs and security regulations relating to the provision of electronic information for imports and exports; countries continuing to implement and enforce existing and additional trade restrictions and sanctioned party lists with respect to doing business with certain countries, organizations, entities and individuals; Descartes’ continued operation of a secure and reliable business network; the stability of general economic and market conditions, currency exchange rates, and interest rates; equity and debt markets continuing to provide Descartes with access to capital; Descartes’ continued ability to identify and source attractive and executable business combination opportunities; Descartes’ ability to develop solutions that keep pace with the continuing changes in technology, and our continued compliance with third party intellectual property rights. These assumptions may prove to be inaccurate. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Descartes, or developments in Descartes’ business or industry, to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, Descartes’ ability to successfully identify and execute on acquisitions and to integrate acquired businesses and assets, and to predict expenses associated with and revenues from acquisitions; the impact of network failures, information security breaches or other cyber-security threats; disruptions in the movement of freight and a decline in shipment volumes including as a result of the impact of current and future trade barriers, including tariffs, further protectionist measures and reactive countermeasure or contagious illness outbreaks; a deterioration of general economic conditions or instability in the financial markets accompanied by a decrease in spending by our customers; the ability to attract and retain key personnel and the ability to manage the departure of key personnel and the transition of our executive management team; changes in trade or transportation regulations that currently require customers to use services such as those offered by Descartes; changes in customer behaviour and expectations; Descartes’ ability to successfully design and develop enhancements to our products and solutions; departures of key customers; the impact of foreign currency exchange rates; Descartes’ ability to retain or obtain sufficient capital in addition to its debt facility to execute on its business strategy, including its acquisition strategy; disruptions in the movement of freight; the potential for future goodwill or intangible asset impairment as a result of other-than-temporary decreases in Descartes’ market capitalization; and other factors and assumptions discussed in the section entitled, “Certain Factors That May Affect Future Results” in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada, including Descartes’ most recently filed Management’s Discussion and Analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

    Reconciliation of Non-GAAP Financial Measures – Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues

    We prepare and release quarterly unaudited and annual audited financial statements prepared in accordance with GAAP. We also disclose and discuss certain non-GAAP financial information, used to evaluate our performance, in this and other earnings releases and investor conference calls as a complement to results provided in accordance with GAAP. We believe that current shareholders and potential investors in our company use non-GAAP financial measures, such as Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues, in making investment decisions about our company and measuring our operational results.

    The term “Adjusted EBITDA” refers to a financial measure that we define as earnings before certain charges that management considers to be non-operating expenses and which consist of interest, taxes, depreciation, amortization, stock-based compensation (for which we include related fees and taxes) and other charges (for which we include restructuring charges, acquisition-related expenses, and contingent consideration incurred due to better-than-expected performance from acquisitions). Adjusted EBITDA as a percentage of revenues divides Adjusted EBITDA for a period by the revenues for the corresponding period and expresses the quotient as a percentage.

    Management considers these non-operating expenses to be outside the scope of Descartes’ ongoing operations and the related expenses are not used by management to measure operations. Accordingly, these expenses are excluded from Adjusted EBITDA, which we reference to both measure our operations and as a basis of comparison of our operations from period-to-period. Management believes that investors and financial analysts measure our business on the same basis, and we are providing the Adjusted EBITDA financial metric to assist in this evaluation and to provide a higher level of transparency into how we measure our own business. However, Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues are non-GAAP financial measures and may not be comparable to similarly titled measures reported by other companies. Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues should not be construed as a substitute for net income determined in accordance with GAAP or other non-GAAP measures that may be used by other companies, such as EBITDA. The use of Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues does have limitations. In particular, we have completed six acquisitions since the beginning of fiscal 2025 and may complete additional acquisitions in the future that will result in acquisition-related expenses and restructuring charges. As these acquisition-related expenses and restructuring charges may continue as we pursue our consolidation strategy, some investors may consider these charges and expenses as a recurring part of operations rather than expenses that are not part of operations.

    The table below reconciles Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues to net income reported in our unaudited Consolidated Statements of Operations for Q1FY26, Q4FY25, Q3FY25, Q2FY25, and Q1FY25, which we believe is the most directly comparable GAAP measure.

      Q1FY26 Q4FY25 Q3FY25 Q2FY25 Q1FY25
    Net income, as reported on Consolidated Statements of Operations 36.2 37.4 36.6 34.7 34.7
    Adjustments to reconcile to Adjusted EBITDA:          
    Interest expense 0.2 0.2 0.2 0.2 0.3
    Investment income (1.9) (1.9) (2.9) (2.7) (4.1)
    Income tax expense 11.7 11.4 11.9 13.6 11.5
    Depreciation expense 1.5 1.5 1.4 1.4 1.4
    Amortization of intangible assets 19.1 19.4 17.5 17.4 15.0
    Stock-based compensation and related taxes 4.9 5.4 5.6 5.8 4.3
    Other charges 3.4 1.6 1.8 0.2 3.9
    Adjusted EBITDA 75.1 75.0 72.1 70.6 67.0
               
    Revenues 168.7 167.5 168.8 163.4 151.3
    Net income as % of revenues 21% 22% 22% 21% 23%
    Adjusted EBITDA as % of revenues 45% 45% 43% 43% 44%
               
    The Descartes Systems Group Inc.
    Condensed Consolidated Balance Sheets
    (US dollars in thousands; US GAAP; Unaudited)
         
      April 30, January 31,
      2025 2025
    ASSETS    
    CURRENT ASSETS    
    Cash 176,411 236,138
    Accounts receivable (net)    
    Trade 60,456 53,953
    Other 15,646 16,931
    Prepaid expenses and other 43,100 45,544
      295,613 352,566
    OTHER LONG-TERM ASSETS 27,366 24,887
    PROPERTY AND EQUIPMENT, NET 13,944 12,481
    RIGHT-OF-USE ASSETS 7,721 7,623
    DEFERRED INCOME TAXES 4,867 3,802
    INTANGIBLE ASSETS, NET 368,122 321,270
    GOODWILL 992,257 924,755
      1,709,890 1,647,384
    LIABILITIES AND SHAREHOLDERS’ EQUITY    
    CURRENT LIABILITIES    
    Accounts payable 23,154 20,650
    Accrued liabilities 73,151 79,656
    Lease obligations 3,402 3,178
    Income taxes payable 9,535 9,313
    Deferred revenue 109,608 104,230
      218,850 217,027
    LEASE OBLIGATIONS 4,533 4,718
    DEFERRED REVENUE 2,196 978
    INCOME TAXES PAYABLE 6,540 5,531
    DEFERRED INCOME TAXES 25,834 34,127
      257,953 262,381
         
    SHAREHOLDERS’ EQUITY    
    Common shares – unlimited shares authorized; Shares issued and outstanding totaled 85,782,830 at April 30, 2025 (January 31, 2025 – 85,605,969) 574,816 568,339
    Additional paid-in capital 498,092 503,133
    Accumulated other comprehensive loss (21,243) (50,497)
    Retained earnings 400,272 364,028
      1,451,937 1,385,003
      1,709,890 1,647,384
         
    The Descartes Systems Group Inc.
    Consolidated Statements of Operations
    (US dollars in thousands, except per share and weighted average share amounts; US GAAP; Unaudited)
       
      Three Months Ended
      April 30, April 30,
      2025 2024
         
    REVENUES 168,739 151,348
    COST OF REVENUES (exclusive of amortization presented separately below) 39,747 35,413
    GROSS MARGIN 128,992 115,935
    EXPENSES    
    Sales and marketing 18,850 17,471
    Research and development 25,069 22,191
    General and administrative 16,312 14,948
    Other charges 3,449 3,918
    Amortization of intangible assets 19,114 15,024
      82,794 73,552
    INCOME FROM OPERATIONS 46,198 42,383
    INTEREST EXPENSE (236) (273)
    INVESTMENT INCOME 1,962 4,059
    INCOME BEFORE INCOME TAXES 47,924 46,169
    INCOME TAX EXPENSE (RECOVERY)    
    Current 12,251 12,318
    Deferred (571) (816)
      11,680 11,502
    NET INCOME 36,244 34,667
    EARNINGS PER SHARE    
    Basic 0.42 0.41
    Diluted 0.41 0.40
    WEIGHTED AVERAGE SHARES OUTSTANDING (thousands)    
    Basic 85,677 85,274
    Diluted 87,577 87,116
         
    The Descartes Systems Group Inc.
    Condensed Consolidated Statements of Cash Flows
    (US dollars in thousands; US GAAP; Unaudited)
       
      Three Months Ended
      April 30, April 30,
      2025 2024
    OPERATING ACTIVITIES    
    Net income 36,244 34,667
    Adjustments to reconcile net income to cash provided by operating activities:    
    Depreciation 1,450 1,358
    Amortization of intangible assets 19,114 15,024
    Stock-based compensation expense 4,366 3,769
    Other non-cash operating activities (34) 96
    Deferred tax recovery (571) (816)
    Changes in operating assets and liabilities (6,966) 9,643
    Cash provided by operating activities 53,603 63,741
    INVESTING ACTIVITIES    
    Additions to property and equipment (1,862) (1,764)
    Acquisition of subsidiaries, net of cash acquired (112,327) (139,973)
    Cash used in investing activities (114,189) (141,737)
    FINANCING ACTIVITIES    
    Payment of debt issuance costs (38) (38)
    Issuance of common shares for cash, net of issuance costs 3,558 4,231
    Payment of withholding taxes on net share settlements (6,487) (6,745)
    Cash used in financing activities (2,967) (2,552)
    Effect of foreign exchange rate changes on cash 3,826 (1,482)
    Decrease in cash (59,727) (82,030)
    Cash, beginning of period 236,138 320,952
    Cash, end of period 176,411 238,922
         

    The MIL Network –

  • MIL-OSI: AGF Reports May 2025 Assets Under Management and Fee-Earning Assets

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 04, 2025 (GLOBE NEWSWIRE) — AGF Management Limited reported total assets under management (AUM) and fee-earning assets1 of $53.5 billion as at May 31, 2025.

    AUM

    ($ billions)    		 May 31,
    2025    		 April 30,
    2025    		 % Change
    Month-Over-Month    		 May 31,
    2024    		 % Change
    Year-Over-Year
    Total Mutual Fund $31.0 $29.3   $26.9  
    Exchange-traded funds + Separately managed accounts $2.8 $2.8   $1.8  
    Segregated accounts and Sub-advisory $6.4 $6.2   $6.4  
    AGF Private Wealth $8.6 $8.3   $8.0  
    Subtotal
    (before AGF Capital Partners AUM and fee-earning assets1)    		 $48.8 $46.6   $43.1  
    AGF Capital Partners $2.6 $2.6   $2.6  
    Total AUM $51.4 $49.2 4.5 % $45.7 12.5 %
    AGF Capital Partners fee-earning assets1 $2.1 $2.1   $2.1  
    Total AUM and fee-earning assets1 $53.5 $51.3 4.3 % $47.8 11.9 %
               
    Average Daily Mutual Fund AUM $30.6 $28.6   $26.9  

    1 Fee-earning assets represent assets in which AGF has carried interest ownership and earns recurring fees but does not have ownership interest in the managers.

    Mutual Fund AUM by Category

    ($ billions)

    		 May 31,
    2025    		 April 30,
    2025    		 May 31,
    2024
    Domestic Equity Funds $4.5 $4.3 $4.2
    U.S. and International Equity Funds $19.5 $18.0 $15.9
    Domestic Balanced Funds $0.1 $0.1 $0.1
    U.S. and International Balanced Funds $1.4 $1.4 $1.5
    Domestic Fixed Income Funds $2.0 $2.0 $1.7
    U.S. and International Fixed Income Funds $3.2 $3.2 $3.2
    Domestic Money Market $0.3 $0.3 $0.3
    Total Mutual Fund AUM $31.0 $29.3 $26.9
    AGF Capital Partners AUM and fee-earning assets

    ($ billions)

    		 May 31,
    2025    		 April 30,
    2025    		 May 31,
    2024
    AGF Capital Partners AUM $2.6 $2.6 $2.6
    AGF Capital Partners fee-earning assets $2.1 $2.1 $2.1
    Total AGF Capital Partners AUM and fee-earning assets $4.7 $4.7 $4.7

    About AGF Management Limited

    Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.

    AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.

    Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With over $53 billion in total assets under management and fee-earning assets, AGF serves more than 815,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

    AGF Management Limited shareholders, analysts and media, please contact:

    Nick Smerek
    VP, Financial Planning & Analysis
    416-865-4337, InvestorRelations@agf.com

    The MIL Network –

  • MIL-OSI: RadarFirst’s 2025 Privacy Benchmarking Report Reveals Industry-Specific Risks and Response Gaps in Regulatory Preparedness

    Source: GlobeNewswire (MIL-OSI)

    PORTLAND, Ore., June 04, 2025 (GLOBE NEWSWIRE) — RadarFirst, the leader in Regulatory Risk Management technology announces the release of the 2025 Privacy Incident Management Benchmarking Report, revealing how healthcare, finance, retail, and public sector organizations are navigating rising breach complexity and regulatory pressure.

    As global privacy laws tighten and timelines compress, the report emphasizes that regulatory resilience depends on operational precision. The findings indicate a widening performance gap between organizations that utilize structured, automated incident response workflows and those that still rely on manual or reactive methods.

    “Privacy incidents are no longer rare or isolated—they’re operational events,” said Lauren Wallace, General Counsel and Chief Privacy Officer at RadarFirst.

    “This year’s data shows that teams investing in automation and defensible risk assessment are achieving faster, more consistent, and more trusted outcomes.”

    Key Industry Insights from the 2025 Report:

    Healthcare

    • 19.4% of external incidents in healthcare resulted in notifiable breaches—nearly double the rate of internal incidents.
    • HIPAA’s 60-day window is creating pressure for accurate triage and documentation, especially when third-party vendors are involved.

    Financial Services

    • High volumes of electronic incidents and shorter breach notification windows are driving the urgency for automation.
    • Radar Privacy users in finance achieved an 83.7% on-time notification rate, compared to manual processes that default to over-reporting.

    Government & Public Sector

    • Agencies are grappling with multi-jurisdictional compliance and limited internal resources.
    • Smaller-scale but high-risk verbal and paper-based disclosures remain a significant compliance vulnerability.

    Retail & Consumer Services

    • Single-person, human-error incidents accounted for 81.7% of reported events across industries, heavily impacting customer-facing roles.
    • Retail organizations are under increased pressure to ensure brand trust and avoid over-disclosure.

    Cross-Industry Trends

    • 91.3% of all incidents stemmed from non-malicious human error.
    • Organizations leveraging Radar Privacy cut breach resolution time by 40%, from 24.3 to 14.6 days since 2018.
    • Structured privacy teams using automated tools saved an average of 9.7 days between discovery and risk assessment.

    Building upon the findings from the 2024 report, the latest data indicates a continued trend toward faster breach resolution among organizations utilizing RadarFirst’s solutions. In 2024, the median time to data breach resolution for RadarFirst customers was 21.5 days, down from previous years.

    The full 2025 Privacy Incident Management Benchmarking Report is available now at https://www.radarfirst.com/resources/2025-privacy-incident-management-benchmarking-report

    About RadarFirst

    RadarFirst is the intelligent incident response platform that helps organizations simplify and automate breach decision-making. With patented workflows, real-time risk assessments, and industry-leading compliance intelligence, RadarFirst empowers organizations to reduce risk, improve defensibility, and protect trust.

    Media Contact:

    Alexis Kramer-Ainza
    Marketing Manager
    alexis.kramer@radarfirst.com
    480-938-7358

    The MIL Network –

  • MIL-OSI: Canoe EIT Income Fund Announces June 2025 Monthly Distribution

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, June 04, 2025 (GLOBE NEWSWIRE) — Canoe EIT Income Fund (the “Fund”) (TSX – EIT.UN) announces the June 2025 monthly distribution of $0.10 per unit. Unitholders of record on June 20, 2025, will receive distributions payable on July 15, 2025.

    About Canoe EIT Income Fund
    Canoe EIT Income Fund is one of Canada’s largest closed-end investment funds, designed to maximize monthly distributions and capital appreciation by investing in a broadly diversified portfolio of high quality securities. The Fund is listed on the TSX under the symbol EIT.UN, and is actively managed by Robert Taylor, Senior Vice President and Chief Investment Officer, Canoe Financial.

    About Canoe Financial
    Canoe Financial is one of Canada’s fastest growing independent mutual fund companies managing approximately $20.0 billion in assets across a diversified range of award-winning investment solutions. Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe Financial has a significant presence across Canada, including offices in Calgary, Toronto and Montreal.

    For further information, please contact:
    Investor Relations
    1–877–434–2796
    www.canoefinancial.com
    info@canoefinancial.com

    Not for Distribution to U.S. Newswire Services or for Dissemination in the United States of America.

    The Fund makes monthly distributions of an amount comprised in whole or in part of Return of Capital (ROC) of the net asset value per unit. A ROC reduces the amount of your original investment and may result in the return to you of the entire amount of your original investment. ROC that is not reinvested will reduce the net asset value of the fund, which could reduce the fund’s ability to generate future income. You should not draw any conclusions about the fund’s investment performance from the amount of this distribution.

    Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the information filed about the fund on www.sedar.com before investing. Investment funds are not guaranteed and past performance may not be repeated.

    This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Such an offer can only be made by way of a prospectus or other applicable offering document and should be read carefully before making any investment. This release is for information purposes only. Investors should consult their Investment Advisor for details and risk factors regarding specific strategies and various investment products.

    The MIL Network –

  • MIL-Evening Report: Australian kids BYO lunches to school. There is a healthier way to feed students

    Source: The Conversation (Au and NZ) – By Liesel Spencer, Associate Professor, School of Law, Western Sydney University

    Getty Images/ courtneyk

    Australian parents will be familiar with this school morning routine: hastily making sandwiches or squeezing leftovers into containers, grabbing a snack from the cupboard and a piece of fruit from the counter.

    This would be unheard of in many other countries, including Finland, Sweden, Scotland, Wales, Brazil and India, which provide free daily school meals to every child.

    Australia is one of the few high-income countries that does not provide children with a daily nutritious meal at school.

    As families increasingly face food insecurity and a cost-of-living crisis, here’s how school lunches could help.

    School lunches are important

    During the week, children get a third of their daily food intake at school. What they eat during school hours has a significant impact on their health.

    Australian children have much higher rates of obesity than children in countries with healthy lunch programs.

    As children’s diets affect physical and cognitive development, and mental health, poor diet can also affect academic performance.

    International research shows universal school meal programs – where all children are provided with a healthy meal at school each day – can improve both health and educational outcomes for students.

    The problem with BYO lunchboxes

    In Australia, children either bring a packed lunch or buy food at the school canteen. But the vast majority of these lunches don’t meet kids’ dietary needs.

    As a 2022 Flinders University report notes, more than 80% of Australian primary school lunches are of poor nutritional quality. Half of students’ school-day food intake comes from junk food and fewer than one in ten students eat enough vegetables.

    While these figures are based on 2011–2012 data, subsequent national survey data does not show significant improvements in children’s healthy diet indicators, including fruit and vegetable consumption. Time pressures on carers mean pre-packaged food can be a default lunchbox choice.

    At the same time, many families with school students are not able to provide their children with healthy lunches. Food insecurity — not having regular access to enough safe, healthy and affordable food — affects an estimated 58% of Australian households with children, and 69% of single-parent households.

    Hot weather also raises food safety concerns, as it’s hard to keep fresh food cool in schoolbags.

    School meals programs in Australia

    There are some historical examples of providing food to children at school in Australia. This includes the school milk program which ran from 1950s to 1970s. There were also wartime experiments in the 1940s. For example, the Oslo lunch (a cheese and salad sandwich on wholemeal bread, with milk and fruit) was provided at school to improve the health of children.

    Today, there is a patchwork of school food programs run by not-for-profit organisations providing breakfast and/or lunch, and various schemes, including kitchen garden and school greenhouse programs.

    There are also pilot schemes providing hot meals. For example, in Tasmania, the current pilot school lunch program feeds children in participating schools a hot lunch on some days of the week with state government support. Evaluation of the program showed strong benefits: healthier eating, calmer classrooms, better social connections from eating lunch together, and less food waste.

    The 2023 parliamentary inquiry into food security recommended the federal government work with states and territories to consider the feasibility of a school meals program.

    In May, the South Australian parliament opened an inquiry into programs in preschools and schools to ensure children and young people don’t go hungry during the day.

    What would it take to introduce school meals?

    Rolling out universal school meal programs across Australian schools would require cooperation between government and private sectors.

    It could build on what already exists – including canteens, school gardens, food relief and breakfast clubs – to create a more consistent and inclusive system.

    There’s a strong evidence base to guide this, both from Australian pilot programs and international examples.

    Decisions would have to be made about regulation and funding – whether to opt for a federally-funded and regulated scheme with federal and state cooperation, or a state-by-state scheme.

    Funding mechanisms from international models include fully government-funded, caregiver-paid (but with subsidies for disadvantaged families) and cost-sharing arrangements between government and families.

    Costs per child per day are around A$10, factoring in economies of scale. Some pilot programs report lower costs of around $5, but involve volunteer labour.

    More research is needed to determine parent and community attitudes and model these funding options, including preventative health benefits.

    Delivery models may also vary depending on each school’s size, location and infrastructure. This could include onsite food preparation, central kitchens delivering pre-prepared meals, or partnerships with not-for-profit providers.

    Ultimately, providing food at school could save parents valuable time and stress, and ensure all Australian students can access the health and education benefits of a nutritious school meal.

    Liesel Spencer has undertaken volunteer work for the Federation of Canteens in Schools (Australia).

    Miriam Williams has undertaken volunteer work for the Federation of Canteens in Schools (Australia).

    Katherine Kent 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. Australian kids BYO lunches to school. There is a healthier way to feed students – https://theconversation.com/australian-kids-byo-lunches-to-school-there-is-a-healthier-way-to-feed-students-257465

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Bowel cancer rates are declining in people over 50. But why are they going up in younger adults?

    Source: The Conversation (Au and NZ) – By Suzanne Mahady, Associate Professor, Gastroenterologist & Clinical Epidemiologist, Monash University

    Thirdman/Pexels

    Bowel cancer is the fourth most common cancer in Australia, with more than 15,000 cases diagnosed annually. It’s also the second most common cause of cancer-related death.

    Recently, headlines have warned of an uptick in cases among younger adults, noting bowel cancer cases in people under 50 in Australia are among the highest in the world.

    While this is very worrying, it’s also important to note the rate of new cases of bowel cancer in Australia overall has actually been falling over the past 20 years or so. Most cases of bowel cancer still occur in adults over 50, and thanks to a national screening program in this age group, rates are declining.

    So why are rates increasing in younger people, and what can we do to mitigate the risk?

    National screening is working

    Australia was one of the first countries to commence population-based screening for bowel cancer. The National Bowel Cancer Screening Program was introduced in 2006. A kit is sent in the mail every two years to adults aged 50–74.

    This simple poo test detects microscopic amounts of blood that may indicate the presence of cancer or a precancerous lesion, leading to earlier detection and higher rates of survival.

    Despite the effectiveness of the program, participation rates are less than optimal at around 40%. We could see even further declines in rates of bowel cancer if more people took part.

    How about younger adults?

    In contrast to the falling incidence of bowel cancer in older people, emerging data over the past few years paints a different picture for people under 50.

    Research I did with colleagues showed an increase in both bowel and rectal cancer from 1982 to 2014 in Australia in people under 50.

    A recent preprint (a study yet to be peer-reviewed) includes data up to 2020, and further supports this trend. It suggests people born in the 1990s have two to three times the risk of bowel cancer compared to those born in the 1950s.

    Similar trends have been noted in many countries, however international data suggests the rates of young-onset bowel cancer in Australia are among the highest in the world.

    What’s driving this increase?

    At the moment the causes are unclear. Some studies have focused on diet and lifestyle, obesity, and consumption of red meat.

    However, diet as a cause of any disease is notoriously difficult to study. This is because it requires long-term data on what people eat, and following them up for the development of the disease (called an observational study).

    If there are positive findings in the observational study, researchers may then test their hypothesis in a randomised controlled trial where one group eats a certain food (such as red meat) and the other does not, and then compare rates of bowel cancer in each group over time.

    Due to the near impossibility of conducting these types of trials – as participants would need to follow strict dietary guidelines for years – dietary causes are challenging to prove.

    More recent research has focussed on the potential role of E. coli infection in childhood, proposing that infection with some strains may lead to early DNA changes and subsequent increased cancer risk. Other research is looking at the role of an altered gut microbiome. These hypotheses warrant further work.

    Ultimately, we don’t know why bowel cancer rates have been increasing in younger adults.
    Andrey_Popov/Shutterstock

    What can people do to reduce their risk?

    It’s important to watch for any new or concerning symptoms. Any blood in your poo, particularly if it’s a new symptom, or a change in your regular bowel habits, are good reasons to promptly book a doctor’s appointment.

    And while the bowel cancer screening kits are sent to adults from age 50 every two years, as of 2024 people aged 45–49 can request a kit to be sent to them.

    Because the participation rate in the bowel cancer screening program is less than optimal, people over 50 who receive the kit in the mail are strongly encouraged to do the test as soon as possible. Increasing screening participation rates remains one of the most important ways we can reduce the burden of bowel cancer in Australia.

    Suzanne Mahady 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. Bowel cancer rates are declining in people over 50. But why are they going up in younger adults? – https://theconversation.com/bowel-cancer-rates-are-declining-in-people-over-50-but-why-are-they-going-up-in-younger-adults-257728

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI USA: SASC Chairman Roger Wicker Releases Defense Reconciliation Bill

    US Senate News:

    Source: United States Senator for Mississippi Roger Wicker
    WASHINGTON – U.S. Senator Roger Wicker, R-Miss., Chairman of the Senate Armed Services Committee, today unveiled legislative text of the reconciliation bill’s defense portion. The House and Senate Armed Services Committees developed this legislation in close coordination with the White House and Department of Defense to modernize America’s military, secure the border, and strengthen national security.
    Chairman Wicker released the following statement after the release of the bill text:
    “This bill is a landmark down payment toward the modernization of our military and our defense capabilities. It represents a generational upgrade for our national security with historic funding for Golden Dome, American manufacturing, innovative unmanned technology, and new shipbuilding efforts,” Chairman Wicker said. “It would not have been possible without the peace-through-strength leadership of President Trump, Chairman Rogers, and Secretary Hegseth. This is about building the future of American defense, and ultimately deterring war. In combination with significant legislative reforms through the NDAA process, this bill will fundamentally change the Pentagon and help us maintain peace and prosperity for Americans.” 
    House Armed Services Committee Chairman Mike Rogers (R-AL.) released the following statement alongside Chairman Wicker:
    “The House and Senate Armed Services Committees are committed to implementing President Trump’s Peace through Strength agenda with a generational investment in our national defense. Chairman Wicker and I have worked closely together to identify how we can best modernize our military, regrow our defense industrial base, and build a ready, capable, and lethal fighting force. Now that the Senate will soon take up the One Big, Beautiful Bill, I’m eager to continue our forward momentum and get this to the President’s desk as soon as possible.”
    The full text is available here. 
    A legislative overview is available here.
    Legislation Highlights:
    $9B to improve servicemember quality of life, including housing modernization, childcare and education improvements, and health care.
    $29B for shipbuilding to expand the maritime industrial base, build 13 Battle Force ships, and rapidly grow an unmanned fleet.
    $25B for Golden Dome to maintain space superiority, develop space-based missile intercept, and accelerate existing missile defense efforts.
    $23B to re-stock crucial munitions, rebuid U.S. supply chains for critical minerals, and expand advanced manufacturing capacity.
    $16B to scale production of innovative low-cost and next-gen weapons like drones, counter-drone tech, cheap munitions, and artificial intelligence.
    $400M to accelerate the DOD audit through artificial intelligence and improve cybersecurity.
    $9B to expand the fighter fleet and accelerate next-gen air superiority programs.
    $15B to accelerate nuclear modernization programs and fix infrastructure.
    $12B to equip INDOPACOM commander with necesary capabilities and rebuild our Pacific infrastructure.
    $16B to improve readiness, including through modernization of depots, additional spare parts for aircraft, and expanded naval maintenance.
    $3.3B to expand military border support mission through Trump term.
    Background:
    In December 2024, Chairman Wicker introduced the FORGED Act, a comprehensive legislative proposal to reform Pentagon efficiency. The bill is designed to fundamentally change the way the Pentagon does business by getting better weapons to our troops faster and maximizing taxpayer dollars.
    Since taking the gavel as Chairman, Senator Wicker has laid out a significant defense investment plan aimed at rebuilding our military for generations to come. The plan encompasses several critical areas including rebuilding the arsenal of democracy, proliferating integrated air and missile defense, modernizing infrastructure, and more.

    MIL OSI USA News –

  • MIL-OSI USA: President Trump Agrees with Senator Warren: Scrap the Debt Limit

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren
    June 04, 2025
    “If Republicans in Congress were serious about preventing that economic disaster, they would scrap the debt limit entirely like President Trump has called for – not increase it by $4 trillion dollars to finance tax cuts for billionaires and billionaire corporations.”
    Washington, D.C. – In response to President Donald Trump’s post, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, released the following statement:
    “The independent non-partisan Congressional Budget Office confirmed today that Donald Trump’s Big Beautiful Bill will rip away health care from millions of people and increase the debt by $2.4 trillion to fund tax breaks for the ultra-wealthy. That’s a disgusting abomination, as Elon Musk made clear.
    “I’ve argued for years that a default on the national debt would be an economic catastrophe that must be avoided by getting rid of the debt limit permanently. If Republicans in Congress were serious about preventing that economic disaster, they would scrap the debt limit entirely like President Trump has called for – not increase it by $4 trillion dollars to finance tax cuts for billionaires and billionaire corporations.”

    MIL OSI USA News –

  • MIL-OSI USA: Senator Murray Slams Lutnick for Decimation of NOAA, Illegal Cancellation of Digital Equity Act Funding, More

    US Senate News:

    Source: United States Senator for Washington State Patty Murray

    ***WATCH: Senator Murray’s Q&A with Sec. Lutnick***

    Washington, D.C. — Today, U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee, questioned Commerce Secretary Howard Lutnick at a Senate Appropriations Commerce, Justice, Science, and Related Agencies Subcommittee hearing on the president’s fiscal year 2026 budget request for the Department. Senator Murray slammed what’s happening at the Department and President Trump’s thoughtless tariffs, and grilled Secretary Lutnick on the Department’s decision to completely eliminate the Pacific Coastal Salmon Recovery Fund in the budget request, the Department’s failure to submit required budget justifications to the Committee, and the Trump administration’s decision to cancel billions of dollars of funding from Senator Murray’s Digital Equity Act which passed with overwhelming bipartisan support.

    In opening comments, Vice Chair Murray said:

    “You know, over the law few months, I am deeply concerned because we have seen: mass firings at NOAA that are really, seriously jeopardizing the weather forecasting that we all count on; funds have been frozen; grants and contracts have been abruptly cancelled; and agencies that were created by Congress in a bipartisan way have been shuttered unilaterally—really ignoring the law—and sweeping, thoughtless tariffs that are crunching small businesses and raising costs for families.

    “And we have even seen President Trump illegally block some emergency funding House Republicans included in their yearlong CR which has cut off funding your Department counts on for trade fairness, export controls, NOAA satellites, and more.

    “So, needless to say: I don’t think any of this helps advance the Department’s mission to spur economic growth and strengthen America’s competitiveness, and it does leaves me very seriously concerned about whether the Department is going to be able to carry out its job.

    “Now, before I turn to my questions, I do want to quickly raise your decision to cancel $48 million in Tech Hub funding for the American Aerospace Materials Manufacturing Center in Eastern Washington and Idaho—alongside several other hubs. We had a chance to talk about this yesterday, but I want you to know I have a lot more questions than I think you answered.

    “This hub is really a partnership of industry, academia, the military, and governments at all levels. Cancelling that funding and further delaying progress at the tech hub really damages our defense industrial base and limits our ability to compete with China, as I told you yesterday. So, that is unacceptable, and I look forward to you resolving that as soon as possible.”

    [TRUMP REQUESTS TO ELIMINATE SALMON RECOVERY PROGRAM]

    Senator Murray began by explaining how important NOAA is to our nation’s fisheries and how important salmon are to Washington state’s way of life, calling out President Trump’s request to zero out funding for a key salmon program: “Now, I do want to ask you while you’re here, one of the agencies you oversee is NOAA. It is absolutely essential to supporting sustainable fisheries, protecting our natural resources, and making sure that we have accurate weather forecasts. Cutting away at NOAA—as you have been doing and as your budget proposes to do further—is going to do serious harm. Among other cuts, your budget would completely eliminate the Pacific Coastal Salmon Recovery Fund. That would be a catastrophic failure—it would abandon our communities, our Tribes, and our industries who rely on salmon. And across the Pacific Northwest, salmon are not just fish—they are a way of life, and they are foundational to our economy and our culture. So, I would like you to explain quickly why you proposed that cut, and I want to ask you, did you consult with our Tribes or fishing communities who count on it before making that decision?”

    Secretary Lutnick replied, “The issues are that we do the same thing in multiple ways in NOAA. We have not cut any hydrologists, which are the people who study the water.”

    “You eliminated the Pacific Coastal Salmon Recovery Fund. That is what I’m precisely asking you about. Did you talk to our tribes or fishermen before you did that?” Senator Murray pressed.

    “Of course,” responded Secretary Lutnick.

    Senator Murray said, “Well, I have spoken to the tribes, I’ve talked to the scientists, I’ve talked to the fishermen. No one—no one—in the Pacific Northwest supports those cuts. And I want everyone to know I will not vote for an appropriations bill that eliminates that funding.”

    [LACK OF TRANSPARENCY]

    Senator Murray then asked about the Department failure to present full budget justifications to Congress, “Now, staying on NOAA facilities like the Northwest Fishery Science Center, which is in Seattle, are really in dire need of investment. For this reason, this CJS Appropriations Subcommittee has long included language requiring the Secretary of Commerce to include the cost estimates for NOAA construction projects of more than $5 million, in the congressional budget justification materials, as well as the 5-year cost estimates for those projects. Are you aware of that requirement?”

    “My understanding is we filed our budget according to the CR with exact precision,” Secretary Lutnick replied.

    “Well, have you submitted the Department’s FY26 congressional budget justification? It did not include the list of projects, which it’s required to do,” asked Senator Murray.

    Secretary Lutnick continued to dodge, “My understanding is the CR had certain obligations for us, and we followed them with precision. That’s my understanding.”

    Senator Murray pushed back, “Well, the fact is that you are required by law to submit the NOAA PAC [Procurement, Acquisition and Construction] construction list to Congress with the budget. That wasn’t done. Can we get that list by Friday?”

    “I’ll happily take a look at it. And if it’s required, of course, I will send it,” said Secretary Lutnick.

    Senator Murray responded, “Okay. It is required.”

    [ATTACKS ON DIGITAL EQUITY ACT]

    Senator Murray turned her questions about President Trump’s recent announcement he is illegally planning to cancel Digital Equity Act grants, “Mr. Secretary, I wrote a law, it was called the Digital Equity Act, to help close the digital divide—and it passed with overwhelming bipartisan support. Now, the Administration has arbitrarily cancelled billions of dollars for the Digital Equity Act, claiming it’s unconstitutional. This is a program that every state, Democrat and Republican, has applied for—every single state in the country. It distributes laptops in Iowa. It helped people get back online after Hurricane Helene washed away computers and phones in western North Carolina. It’s a program in rural Alabama where they taught seniors—including some who have never used a computer—how to use the internet. I want to ask you, has the Supreme Court declared this bipartisan law unconstitutional? Has any judge?”

    Secretary Lutnick sidestepped the question, “It will go through the courts and the courts will decide.”

    “No one has declared this unconstitutional—no one. Your job, Mr. Secretary, is to carry out the law that Congress has passed. You don’t get to keep laptops from our kids, because the President doesn’t care about kids in rural communities. My advice to you here—it is a law, it is not unconstitutional, and I would urge you to get those digital equity dollars out the door and save everyone the legal fees, because the law is very clear,” emphasized Senator Murray.

    [TRUMP’S THOUGHTLESS TRADE WAR]

    Senator Murray concluded by saying, “I just have a few seconds left, and I before I finish, I do want to underscore my state, Washington state, is one of the most trade dependent states in the nation. 40% of our jobs are connected to international trade and President Trump and your Department continue to pursue this chaotic tariff policy that businesses in my state stand to lose billions of dollars. I have heard from businesses across my state, from manufacturers, from small retailers. They are struggling to absorb the cost increases on everything from napkins to car parts. And this uncertainty has really left them scrambling which has delayed investments and caused serious supply chain disruptions, especially at our ports. These actions, in addition, have really harmed our relationships with our key allies like Canada. I heard Senator Collins here earlier talking about Maine being their neighbor—it is our neighbor in Washington state. They are one of our biggest trading partners. And let me be clear, this is causing chaos, disruption, anger. And we have got to get this resolved because farmers, our people and our small businesses and our communities, are really hurting.”

    MIL OSI USA News –

  • MIL-OSI USA: Castro Statement on DOJ Suing Texas Over In-State Tuition

    Source: United States House of Representatives – Congressman Joaquin Castro (20th District of Texas)

    June 04, 2025

    WASHINGTON, D.C. — Today, Congressman Joaquin Castro (TX-20) released the following statement in response to the U.S. Department of Justice suing Texas over its law allowing undocumented students to receive in-state tuition:

    “This lawsuit is meritless, cruel, and vindictive. Republicans in Texas created this program in 2001 to establish parity so all tax-paying folks, regardless of status, can receive the benefits they are owed. Legislation to strip in-state tuition in Texas also just died during the legislative session. Texans have made it clear where they stand on this. Attorney General Paxton must fully defend the laws of our state. This is a disappointing action from an administration that doesn’t care about anyone but billionaires.”

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Ruiz and Imperial Valley Leaders Discuss the Future of Lithium Valley in Washington

    Source: United States House of Representatives – Congressman Raul Ruiz (36th District of California)

    Washington, D.C. –Today, CongressmanRaul Ruiz (CA-25) attended Benchmarks Giga + USA. The two-day event explored the rise of USA’s lithium-ion battery gigafactory economy and the need to build secure, sustainable supply chains for lithium, nickel, graphite, cobalt, manganese, rare earths, and other critical raw materials.

    Congressman Ruiz’s panel was titled, “Building a Vertically Integrated Lithium Ecosystem,” and he was joined by Jesus Eduardo Escobar, Supervisor, County of Imperial, Ryan Kelley, Supervisor, County of Imperial, and moderated by Bari Bean, Deputy CEO of Natural Resources and Lithium Ombudsman, County of Imperial.

    “Today’s event is yet another indicator that we have an incredible opportunity with Lithium Valley. The area holds one of the largest known lithium reserves in the U.S., and we have the chance to extract it in a way that’s cleaner and more sustainable, using a closed-loop system that pulls lithium from geothermal brine with minimal environmental impact,” said Congressman Dr. Raul Ruiz (CA-25). “The Department of Energy has found that this region could produce enough lithium to power millions of electric vehicles, which would help drive our transition to a clean energy economy and create good-paying jobs in the Imperial Valley.”

    MIL OSI USA News –

  • MIL-OSI USA: Pelosi Statement on the California High-Speed Rail FRA Report

    Source: United States House of Representatives – Congresswoman Nancy Pelosi Representing the 12th District of California

    Washington, D.C. – Speaker Emerita Nancy Pelosi released the following statement on the Secretary of Transportation’s announcement of a report from the Federal Railroad Administration on California High-Speed Rail:
     
    “This announcement is a rejection of the future. California has been a leader in realizing the vision of high-speed rail to meet the needs of working families with respect for consumers, labor and the environment.

    “It is unfortunate that the Secretary has misrepresented the facts and lacks understanding of how California High-Speed Rail promotes commerce, improves quality of life for Californians and creates good-paying jobs — while also lowering the cost of housing by shortening the distance to commute from home to work.

    “With his statement, the Secretary is either looking to mislead or has been misled on this issue.”

    MIL OSI USA News –

  • MIL-OSI Security: Coast Guard responds to vessel fire offshore Adak, Alaska

    Source: United States Coast Guard

    U.S. Coast Guard sent this bulletin at 06/04/2025 05:00 PM EDT

    News Release

    		  

    U.S. Coast Guard 17th District Alaska
    Contact: 17th District Public Affairs
    Office: (907) 463-2065
    After Hours: (907) 463-2065
    17th District online newsroom

     

    06/04/2025 04:39 PM EDT

    KODIAK, Alaska — The Coast Guard is responding to a vessel fire approximately 300 miles south of Adak, Wednesday.   Watchstanders at the Seventeenth Coast Guard District command center received a distress alert Tuesday at approximately 3:15 p.m. reporting a fire aboard the cargo ship Morning Midas, a 600-foot U.K.-flagged cargo vessel with 22 crew members and reportedly carrying several thousand vehicles. Watchstanders immediately issued an Urgent Marine Information Broadcast requesting assistance from vessels in the vicinity of the Morning Midas. Three good Samaritan vessels responded to the incident.  Watchstanders also diverted the crew of U.S. Coast Guard Cutter Munro (WMSL 755) to the area, directed the launch of a C-130J Super Hercules aircrew from Coast Guard Air Station Kodiak, and positioned an MH-60T Jayhawk helicopter aircrew in Adak. All 22 crew members aboard the Morning Midas evacuated the ship aboard a life raft and were subsequently rescued by the crew of motor vessel Cosco Hellas, one of the good Samaritan vessels on scene, with no reported injuries. The status of the fire is currently unknown, but smoke is still emanating from the vessel. “As the search and rescue portion of our response concludes, our crews are working closely with the vessel’s parent company, Zodiac Maritime, to determine the disposition of the vessel,” said Rear Admiral Megan Dean, commander of the Coast Guard’s Seventeenth District. “We are grateful for the selfless actions of the three nearby vessels who assisted in the response and the crew of motor vessel Cosco Hellas, who helped save 22 lives.” The Morning Midas is estimated to have approximately 350 metric tons of gas fuel and 1,530 metric tons of very low sulfur fuel oil (VLSFO) onboard. They are also reportedly carrying a total of 3,159 vehicles, with 65 being fully electric vehicles and 681 being partial hybrid electric vehicles. This is based on reports to the Coast Guard and is subject to change pending the development of any new information.  The Coast Guard is working with the Morning Midas’s parent company Zodiac Maritime to coordinate recovery efforts of the vessel. Zodiac Maritime can be contacted via email at operations@navigateresponse.com or by phone at 44-20-7283-9915 or 65-6222-6375.

    MIL Security OSI –

  • MIL-Evening Report: Woodside’s North West Shelf approval is by no means a one-off. Here are 6 other giant gas projects to watch

    Source: The Conversation (Au and NZ) – By Samantha Hepburn, Professor, Deakin Law School, Deakin University

    GREG WOOD/AFP via Getty Images

    The federal government’s decision to extend the life of Woodside’s North West Shelf gas plant in Western Australia has been condemned as a climate disaster.

    The gas lobby claims more gas is needed to secure energy supplies, pointing to predicted gas shortages in parts of Australia in the short term. But given most proposed gas projects are directed at the export market, the problem is likely to persist.

    And the science is clear: no fossil fuel projects can be opened if the world is to avoid catastrophic climate change.

    Despite this, a slew of polluting gas projects are either poised to begin operating in Australia, or lie firmly in the sights of industry.

    How Australia’s gas contributes to climate change

    Gas production in Australia harms the climate in two ways.

    The first is via “fugitive” emissions – leaks and unintentional releases that occur when gas is being extracted, processed and transported. These emissions are typically methane, which traps more heat in the atmosphere per molecule than carbon dioxide.

    Fugitive emissions count towards Australia’s greenhouse gas accounts, comprising about 6% of our total emissions.

    So, government approval for new gas projects undermines Australia’s commitment to reaching net-zero emissions. Labor enshrined this goal in legislation in its previous term of government, and all states and territories have also adopted it.

    The second climate harm occurs when Australia’s gas is burned for energy overseas. Those emissions do not count towards our national emissions accounts, but they substantially contribute to global warming.

    Under national environment law, the federal government is not required to consider the potential harm a project might cause to the global climate. This loophole means fossil fuel developments can continue to win government backing.

    Below, I outline six of the biggest gas projects Australia has in the pipeline.

    1. Barossa Gas Project

    This A$5.6 billion project by energy giant Santos is located in the Timor Sea, about 300km north of Darwin. The Australian government’s offshore energy regulator approved it in April this year.

    The project will extract gas from the Barossa field and transport it to a liquified natural gas (LNG) facility in Darwin for processing and export.

    The venture would reportedly be among the worst polluting oil and gas projects in the world. On one estimate, it would release about 380 million tonnes of climate pollution over its 25-year life.

    2. Scarborough Pluto Train 2

    Pluto Train 2 is an extension of Woodside’s existing Scarborough project, centred around a gas field about 375km off WA’s Pilbara coast. A 430-kilometre pipeline would connect that gas to a second LNG train at a facility near Karratha. “Train” refers to the unit in a plant that turns natural gas into liquid.

    The project has federal and state approval. It is about 80% complete and scheduled to begin operating by next year. According to Climate Analytics, the expansion would create about 9.2 million tonnes of carbon-dioxide equivalent each year.

    3. Surat Phase 2

    This coal seam gas project in Gladstone, Queensland, would be operated by Arrow energy – a joint venture between Shell and PetroChina.

    It involves substantially expanding existing gas fields by building up to 450 new production wells. The project is expected to supply 130 million cubic feet of gas each day at its peak, and has been opposed by environment groups.

    4. Narrabri Gas Project

    This $3.6 billion Santos project in northwest New South Wales involves drilling up to 850 coal seam gas wells over 95,000 hectares. The National Native Title Tribunal last month ruled leases for the project could be granted, leaving Santos only a few regulatory barriers to clear.

    Environmental groups and Traditional Owners say the project threatens water resources, biodiversity and Indigenous sites. However, the tribunal found the project’s benefits to energy reliability outweighed those concerns.

    5. Beetaloo Basin

    The Beetaloo Basin is located 500km southeast of Darwin. It covers 28,000 kilometres and is estimated to contain up to 500 trillion cubic feet of gas. A number of companies are vying for the right to develop the huge resource.

    It is predicted to emit up to 1.2 billion tonnes over 25 years. A CSIRO report says Beetaloo could be tapped without adding to Australia’s net emissions. However, experts say the report was too optimistic and relies far too heavily on carbon offsets.

    6. Browse Basin

    Browse Basin, 425 kilometres north of Broome off WA, is considered Australia’s biggest reserve of untapped conventional gas.

    Woodside plans to develop the Browse gas fields, but the area is remote and difficult to access. According to the ABC, Woodside’s North West Shelf project is considered the last hope for extracting the valuable resource.

    Environmental groups say the project, if approved, would emit 1.6 billion tonnes of climate pollution – three times Australia’s current annual emissions.

    The basin is also located near the pristine Scott Reef, a significant coral reef ecosystem.

    A major disconnect

    The projects listed above, if they proceed, weaken Australia’s efforts to reach its emission reduction goals. And their overall climate impact is truly frightening.

    The re-elected Labor government has pledged to revisit attempts to reform national environment laws. This presents a prime opportunity to ensure the climate harms of fossil fuel projects are key to environmental decision making.

    Samantha Hepburn 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. Woodside’s North West Shelf approval is by no means a one-off. Here are 6 other giant gas projects to watch – https://theconversation.com/woodsides-north-west-shelf-approval-is-by-no-means-a-one-off-here-are-6-other-giant-gas-projects-to-watch-257899

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Cipher Mining Announces May 2025 Operational Update

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 04, 2025 (GLOBE NEWSWIRE) — Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today released its unaudited production and operations update for May 2025.

    Key Highlights

    Key Metrics May 2025
    BTC Mined1 179
    BTC Sold 64
    BTC Held2 966
    Deployed Mining Rigs 75,000
    Month End Operating Hashrate (EH/s) 13.5
    Month End Fleet Efficiency (J/TH) 18.9
       

    1 Includes May power sales estimates (based on current meter data and nodal prices) equivalent to ~4 bitcoin (using month-end bitcoin price of $104,430) and ~23 BTC mined at JV data centers representing Cipher’s ownership

    2 Includes ~334 BTC pledged as collateral                                                 

    Management Commentary for May

    As we enter the month of June, Cipher continues to make excellent progress at its Black Pearl site and remains on track for energization this month. The Phase I building is nearly complete and legacy rigs from the Odessa upgrade have now been relocated and racked, waiting for energization. Cipher has also purchased the remaining balance of mining rigs to fill the 150 MW of power capacity at Phase I of Black Pearl and is prepared to deploy the new rigs upon arrival, which we expect in early July. Upon deployment of those new rigs, Cipher expects its hashrate capacity to increase from ~13.5 EH/s currently to ~23.1 EH/s.

    Bitcoin Production and Operations Updates for May 2025

    Cipher produced ~1791 BTC in May. As part of its regular treasury management process, Cipher sold ~64 BTC in May, ending the month with a balance of ~9662 BTC.

    Legacy rigs from the Odessa upgrade have been relocated and installed at the Black Pearl site

    About Cipher

    Cipher is focused on the development and operation of industrial-scale data centers for bitcoin mining and HPC hosting. Cipher aims to be a market leader in innovation, including in bitcoin mining growth, data center construction and as a hosting partner to the world’s largest HPC companies. To learn more about Cipher, please visit https://www.ciphermining.com/.

    Forward-Looking Statements

    This press release contains certain forward-looking statements within the meaning of the federal securities laws of the United States. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release that are not statements of historical fact, such as, statements about the Company’s beliefs and expectations regarding its planned business model and strategy, its bitcoin mining and HPC data center development, timing and likelihood of success, capacity, functionality and timing of operation of data centers, expectations regarding the operations of data centers, potential strategic initiatives, such as joint ventures and partnerships, and management plans and objectives, are forward-looking statements and should be evaluated as such. These forward-looking statements generally are identified by the words “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “seeks,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “strategy,” “future,” “forecasts,” “opportunity,” “predicts,” “potential,” “would,” “will likely result,” “continue,” and similar expressions (including the negative versions of such words or expressions).

    These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Cipher and its management, are inherently uncertain. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: volatility in the price of Cipher’s securities due to a variety of factors, including changes in the competitive and regulated industry in which Cipher operates, Cipher’s evolving business model and strategy and efforts it may make to modify aspects of its business model or engage in various strategic initiatives, variations in performance across competitors, changes in laws and regulations affecting Cipher’s business, and the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Cipher’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the Securities and Exchange Commission (“SEC”) on February 25, 2025, and in Cipher’s subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Cipher assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

    Website Disclosure

    The company maintains a dedicated investor website at https://investors.ciphermining.com/  (“Investors’ Website”). Financial and other important information regarding the Company is routinely posted on and accessible through the Investors Website. Cipher uses its Investors’ Website as a distribution channel of material information about the Company, including through press releases, investor presentations, reports and notices of upcoming events. Cipher intends to utilize its Investors’ Website as a channel of distribution to reach public investors and as a means of disclosing material non-public information for complying with disclosure obligations under Regulation FD. In addition, you may sign up to automatically receive email alerts and other information about the Company by visiting the “Email Alerts” option under the Investors Resources section of Cipher’s Investors’ Website and submitting your email address.

    Contacts:
    Investor Contact:
    Courtney Knight
    Head of Investor Relations at Cipher Mining
    courtney.knight@ciphermining.com

    Media Contact:
    Ryan Dicovitsky / Kendal Till
    Dukas Linden Public Relations
    CipherMining@DLPR.com

    _____________________________

    1 Includes May power sales estimates (based on current meter data and nodal prices) equivalent to ~4 bitcoin (using month-end bitcoin price of $104,430) and ~23 BTC mined at JV data centers representing Cipher’s ownership

    2 Includes ~334 BTC pledged as collateral

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4ff3f781-3fd5-4115-b152-137bab28176f

    The MIL Network –

  • MIL-OSI: Royalty Pharma to Present at the Goldman Sachs 46th Annual Global Healthcare Conference

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 04, 2025 (GLOBE NEWSWIRE) — Royalty Pharma plc (Nasdaq: RPRX) today announced that it will participate in a fireside chat at the Goldman Sachs 46th Annual Global Healthcare Conference on Tuesday, June 10, 2025 at 2:00 p.m. ET.

    The webcast will be accessible from Royalty Pharma’s “Events” page at https://www.royaltypharma.com/investors/events/. The webcast will also be archived for a minimum of thirty days.

    About Royalty Pharma

    Founded in 1996, Royalty Pharma is the largest buyer of biopharmaceutical royalties and a leading funder of innovation across the biopharmaceutical industry, collaborating with innovators from academic institutions, research hospitals and non-profits through small and mid-cap biotechnology companies to leading global pharmaceutical companies. Royalty Pharma has assembled a portfolio of royalties which entitles it to payments based directly on the top-line sales of many of the industry’s leading therapies. Royalty Pharma funds innovation in the biopharmaceutical industry both directly and indirectly – directly when it partners with companies to co-fund late-stage clinical trials and new product launches in exchange for future royalties, and indirectly when it acquires existing royalties from the original innovators. Royalty Pharma’s current portfolio includes royalties on more than 35 commercial products, including Vertex’s Trikafta, GSK’s Trelegy, Roche’s Evrysdi, Johnson & Johnson’s Tremfya, Biogen’s Tysabri and Spinraza, AbbVie and Johnson & Johnson’s Imbruvica, Astellas and Pfizer’s Xtandi, Novartis’ Promacta, Pfizer’s Nurtec ODT and Gilead’s Trodelvy, and 15 development-stage product candidates. For more information, visit www.royaltypharma.com.   

    Royalty Pharma Investor Relations and Communications

    +1 (212) 883-6637
    ir@royaltypharma.com

    The MIL Network –

  • MIL-OSI USA: Presidential Message on the 83rd Anniversary of the Battle of Midway

    US Senate News:

    Source: US Whitehouse
    class=”has-text-align-left”>Today marks the 83rd anniversary of America’s seminal victory at the Battle of Midway—a watershed moment in World War II that set the Allied Forces on the path to ultimate triumph over forces of evil.
    After the shocking attack on Pearl Harbor in December 1941, Imperial Japan surged across the Pacific—dealing Allied forces a series of defeats from the fall of the Philippines, to the capture of Hong Kong and Singapore, to devastating air raids over Australia.  With the U.S. Navy still reeling from the surprise attack, Japan’s ruthless push for regional dominance seemed unstoppable. 
    By the summer of 1942, Japan set its sights on Midway Island—a tiny American outpost with massive strategic value, just over 1,000 miles from Hawaii.  The Japanese plan was clear: lure what remained of the battered U.S. Pacific Fleet out of Pearl Harbor, destroy it, and capture Midway, from where they would launch further offensives across the Pacific.
    President Franklin D. Roosevelt knew our Armed Forces had to act decisively.  He tasked Admiral Chester Nimitz, a submariner and newly appointed Commander-in-Chief of the Pacific Fleet, with launching a full-scale effort to restore the Navy’s remaining ships to fighting condition.  With vital intelligence from American codebreakers, the Allies stayed one step ahead, anticipating the major elements of Japan’s strategy.
    At dawn on June 4, 1942, the U.S. Navy struck back.  Despite facing a larger enemy force and suffering heavy losses, the U.S. fleet under the command of Admirals Jack Fletcher and Raymond Spruance fought with unmatched resolve.  In the course of twenty-four hours, they sank four Japanese aircraft carriers, destroyed a heavy cruiser, and crushed Japanese hopes of advancing deeper into the eastern Pacific—paving the way for our Nation’s acceptance of Japan’s unconditional surrender and the end of World War II in 1945.
    Today, former enemies stand united as allies.  The United States and Japan have forged an enduring partnership built on the shared values of freedom, sovereignty, and an abiding commitment to peace across the Indo-Pacific.  Together, we are advancing the causes of safety, security, prosperity, and liberty—all while confronting threats from China and North Korea.
    The epic Battle of Midway stands to this day as a glorious reminder that, even in the face of long odds, perilous danger, and tremendous uncertainty, no challenge is too great for the strength of the American spirit.  As our Nation commemorates this legendary battle, we honor the grit of our servicemen, we pay tribute to the sacrifice of our veterans, and we vow to carry forward the legacy of the fallen heroes who secured victory over tyranny in the Pacific 80 years ago.

    MIL OSI USA News –

  • MIL-OSI USA: ICYMI | Fox News — SEN BILL HAGERTY: Nashville is not a sanctuary city. I won’t let that happen

    US Senate News:

    Source: United States Senator for Tennessee Bill Hagerty

    ‘Illegal aliens are facing justice. They are being sent home. And violent criminals, who are here illegally, will no longer plague our communities…The American people, the people of Tennessee and the brave men and women of ICE deserve much better. I look forward to seeing this commitment upheld.’

    SEN BILL HAGERTY: Nashville is not a sanctuary city. I won’t let that happen
    By: Senator Bill Hagerty
    June 4, 2025
    Link here.

    Nashville mayor condemns arrests of illegal immigrants. Now, ICE agents are targets of doxxing.

    Nashville is not, nor is any other city in Tennessee, a sanctuary city. I intend to make certain that remains the case.  

    In May in Nashville, ICE conducted a successful operation with Tennessee Highway Patrol to arrest 196 criminal illegal aliens, including a convicted rapist and a suspected murderer. 

    While I have received every assurance that Nashville and every other city in Tennessee will work in a cooperative manner with law enforcement, make no mistake: I will make certain those commitments are not just lip service. 

    After the operation, Nashville Mayor Freddie O’Connell condemned ICE’s good work, promoted a fund to provide support dollars for illegal immigrants and their families in Nashville, and even updated an executive order to fast-track the collection of all Nashville government employees’ interactions with ICE. 

    The mayor’s executive order has – unsurprisingly – led to the doxxing of ICE agents, who have faced a 413% increase in assaults against them while on the job. In Nashville, we know that activists are monitoring ICE activity in the city and alerting each other of ICE’s movements using encrypted group chats. 

    Did these groups see the doxxed ICE agents’ personal information? How will they use it? How does the mayor ensure these lists of ICE agents do not end up in the wrong hands? These are all questions we shouldn’t have to ask, but now we do. 

    The cloud of confusion that has arisen from this misstep is unfortunate, and the facts need to be made clear: the state of Tennessee is a state that stands for law enforcement and the protection of its citizens. 

    The leftwing media is adding fuel to the fire. For example, New York Times opinion writer Margaret Renkl explicitly compares ICE raids in Nashville to the Jim Crow South and the Trail of Tears. Her article – littered with cherry-picked stories from immigrant activists – uses such ridiculous words as “hunt” to suggest that what is happening in my state is not legal. Let me be clear: the only illegality is from those who chose to cross the border illegally. 

    We know where this all leads: In 2019, an Antifa activist attempted to firebomb an ICE facility in Tacoma, Washington. Thankfully, he was stopped before he could succeed. But his intentions and motivation were clear. In his manifesto, he slandered ICE as “the forces of evil,” and compared their detention facilities to “concentration camp[s].” 

    Even when such rhetoric from the media and mismanagement on the part of local officials does not inspire acts of domestic terrorism, it still leads to harassment and threats against ICE and other federal law enforcement officers. 

    In the first Trump presidency, the left shamelessly engaged in doxxing of ICE agents, sharing their personal information in an effort to intimidate them out of their jobs, or even cause direct harm to them. Such private information was even shared by college professors, published by WikiLeaks, and disseminated by the far-left domestic terrorist organization Antifa.

    Now that President Donald Trump is back in office, activists have resumed this dangerous tactic. Even state lawmakers have joined in on efforts to expose ICE officers’ identities, with Tennessee Democrat state Representative Aftyn Behn filming herself gleefully stalking ICE agents. 

    Trump’s historic re-election made it clear: the American people support his immigration agenda, including the removal and deportation of criminal illegal aliens from our communities. Yet some, like Nashville Mayor O’Connell, whether intentional or not, are inhibiting the president’s mission. This will not stand. 

    The Trump administration and the men and women of ICE have a Herculean task before them in cleaning up what former President Joe Biden facilitated: the largest invasion of our Southern border in history. 

    For four years, we watched Biden sacrifice our national sovereignty to allow millions to illegally flood our country. Unsurprisingly, this illegal tsunami included murderers, rapists, human traffickers, drug smugglers, people on terrorist watch lists, and more. Today, ICE is working overtime to remove these criminals and make our communities safer. 

    Here’s the reality: Illegal aliens are facing justice. They are being sent home. And violent criminals, who are here illegally, will no longer plague our communities. 

    O’Connell should take care to empower ICE and local law enforcement to remove illegal aliens from our communities, not endanger them. The American people, the people of Tennessee and the brave men and women of ICE deserve much better. I look forward to seeing this commitment upheld. 

    MIL OSI USA News –