NewzIntel.com

Category: Transport

  • MIL-OSI Europe: Answer to a written question – The detrimental impact of housing market regulation on supply and prices – E-001072/2025(ASW)

    Source: European Parliament

    The Commission is carrying out a consultation during 2025 on the issues related to affordable housing raised by the Honourable Member, and following that, will put forward a European Affordable Housing Plan (EAHP). This Plan will assess the specificities of the rental market, too.

    The Commission will also analyse and — if necessary — make further proposals related to short-term accommodation rentals and/or make proposals to address the use of the current housing stock.

    In addition, the Commission will conduct an analysis of the impact of housing speculation and its economic consequences, as well as propose follow-up actions where needed.

    At the same time, the Commission notes that housing — in line with the principles of subsidiarity and proportionality — is mainly a responsibility of Member States, regions and local authorities and in developing the EAHP, the Commission will respect these principles.

    While the Commission does not at this stage plan to produce a report on the impact of national regulations on housing availability in the Member States, the Commission seeks solutions where value can be added at EU level and aims at facilitating the sharing of best practices among stakeholders.

    The Commission notes that it is important to attract private investments to housing. The Commission and the European Investment Bank (EIB) group have recently laid the foundations for a new pan-European investment platform for affordable and sustainable housing[1].

    The Commission will continue to work with EIB, national promotional banks, international financial institutions and other stakeholders to support local and national efforts.

    • [1] https://ec.europa.eu/commission/presscorner/detail/en/ip_25_671.
    Last updated: 22 May 2025

    MIL OSI Europe News –

  • MIL-OSI Security: France takes command of NATO Mission Iraq

    Source: NATO

    On Thursday 22 May, Major General Christophe Hintzy from France assumed command of NATO Mission Iraq, at a change of command ceremony in Baghdad. He succeeds Lieutenant General Lucas Schreurs from the Netherlands, who had been in post since May 2024. The ceremony was attended by Iraqi officials, Ambassadors from Allied and partner countries, NATO officials, and other representatives from the international community in Baghdad.

    “For France and for me personally, it is an honour and immense privilege to take over command of the NATO Mission in Iraq, a country often regarded as the cradle of civilization,” Major General Hintzy said. “Together with Iraqi security institutions and Iraqi Security Forces, we share a common goal. Our success will never be an individual success, but rather a collective one to develop tailored and sustainable solutions that will help Iraq as a valued partner for NATO,” he pointed out.

    The outgoing commander, Lieutenant General Lucas Schreurs, thanked his Iraqi counterparts for their hospitality and excellent cooperation and praised them for their commitment to the cooperation with NATO and to further strengthening the Iraqi security forces and institutions. “To our Iraqi partners — your resilience and leadership inspire us. We have learned much from you, and it has been a privilege to serve alongside you. To our Allies and partners — thank you for investing in Iraq’s future and in our shared security,” he said. “Christophe, I pass this command to you with full confidence. You inherit a team of dedicated professionals and a resilient network of partnerships. I know you will lead with vision and respect for both NATO’s principles and the Iraqi context. This mission is about people — about trust, support, and sovereignty. I know you will carry it forward with the integrity it deserves,” Lieutenant General Schreurs added.

    At the NATO Summit in Brussels in July 2018, Allied leaders launched NATO Mission Iraq, following a request and upon invitation from the Government of Iraq. The mission was established in Baghdad, in October 2018. It is a non-combat, advisory, and capacity-building mission that assists Iraq in building more sustainable, transparent, inclusive and effective security institutions and forces, so that they themselves are able to stabilise their country, fight terrorism, and prevent the return of ISIS/Daesh.

    All efforts of NATO Mission Iraq are carried out with the consent of the Iraqi government and conducted in full respect of Iraq’s sovereignty and territorial integrity.

    Ahead of the change of command ceremony of NATO Mission Iraq, NATO’s Assistant Secretary General for Operations, Tom Goffus, participated in the second meeting of the High-Level Dialogue for Partnership between NATO and Iraq, held in Baghdad, on 21 May. “This second meeting of the High-Level Dialogue for Partnership, here in Baghdad, is a testimony to our partnership with Iraq and to cementing this dialogue,” he said, adding that “NATO continues to stand prepared to support the Government of Iraq and its security institutions into the future through NATO Mission Iraq.”

    The High-Level Dialogue for Partnership between NATO and Iraq was launched in Brussels on 27 August 2024. It provides an additional framework for consultations and exchange of views on issues of mutual interest – including stability across the Middle East.

    MIL Security OSI –

  • MIL-OSI: Calvetti Ferguson Expands Dallas Team with Business Development Officer

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, Texas, May 22, 2025 (GLOBE NEWSWIRE) — Calvetti Ferguson continues to grow its North Texas presence with the addition of Steve Valenta as a business development officer in its Dallas office. With a career rooted in strategic relationship-building and business growth, Steve will focus on connecting companies to the firm’s advisory and accounting solutions.

    Steve brings more than 25 years of experience in business development and relationship management, including work with public and private companies, investment bankers, attorneys, and private equity sponsors across the Southwest. Known for his consultative approach and ability to deliver tailored solutions, he will now partner with business owners, executives, and other key stakeholders throughout the region.

    “It’s a privilege to join Calvetti Ferguson and be part of a team that’s committed to delivering real value to its clients,” said Steve Valenta. “I’m eager to support the firm’s momentum in Dallas and look forward to developing new relationships throughout the community.”

    Steve’s efforts will center on introducing middle-market businesses to Calvetti Ferguson’s full range of capabilities. He will focus on identifying opportunities that align with client needs and ensuring successful, long-term engagements.

    He holds a Bachelor of Business Administration in Finance from the University of Oklahoma and a Master of Business Administration in Finance from Southern Methodist University. Steve is also an active member of the Association for Corporate Growth (ACG), where he remains engaged in industry developments.

    “Steve’s experience and relationship-focused mindset will help us deepen our connections in the region and uncover new ways to support clients across North Texas,” said Jason Cain, vice president of business development at Calvetti Ferguson. “We’re excited to welcome him as we continue to build our presence in Dallas.”

    With Steve joining the team, Calvetti Ferguson strengthens its ability to meet the evolving needs of the Dallas market. His arrival reinforces the firm’s commitment to trusted partnerships and insight-driven solutions that help clients thrive.

    About Calvetti Ferguson
    Calvetti Ferguson is a nationally recognized CPA and advisory firm serving companies across the United States. The firm provides assurance, tax, advisory, accounting, risk advisory, and technology advisory services to middle-market businesses, family offices, and private equity firms.

    Media contact:

    Emily Martin

    Chief Marketing Officer

    emartin@calvettiferguson.com

    (713) 726-5723

    The MIL Network –

  • MIL-OSI: KANZHUN LIMITED Announces Board Change

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, May 22, 2025 (GLOBE NEWSWIRE) —  KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, today announced that Ms. Hongyu Liu has been appointed as an independent non-executive director of the Company and a member of the nomination committee.

    Ms. Hongyu Liu, aged 52, is a financial expert with over 25 years of experience in the financial services industry. Ms. Liu currently serves as a managing director at Intermediate Capital Asia Pacific Limited, where she started her role in 2016. She previously served as a principal at TPG Capital, and held the position of vice president at Lazard China Limited. Her earlier career also includes over seven years at JP Morgan Chase, where she held various roles in the United States and Hong Kong, with her last position being a vice president.

    Ms. Liu earned a Bachelor of Arts degree in finance from Renmin University of China, a Master of Arts in Law and Diplomacy from The Fletcher School of Tufts University, and an MBA from Tuck School of Business at Dartmouth College. She also serves on the International Board of Advisors at Tufts University. Ms. Liu is a Chartered Financial Analyst and is licensed under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the “SFO”) as a representative to carry out Type 1 (dealing in securities) and Type 4 (advising on securities) regulated activities.

    The Company would like to welcome Ms. Liu to the board. The Company believes that her expertise and experience will be a valuable asset to the Company’s development.

    Safe Harbor Statement

    This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in announcements made on the website of The Stock Exchange of Hong Kong Limited, in its interim and annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission and The Stock Exchange of Hong Kong Limited. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    About KANZHUN LIMITED

    KANZHUN LIMITED operates the leading online recruitment platform BOSS Zhipin in China. The Company connects job seekers and enterprise users in an efficient and seamless manner through its highly interactive mobile app, a transformative product that promotes two-way communication, focuses on intelligent recommendations, and creates new scenarios in the online recruiting process. Benefiting from its large and diverse user base, BOSS Zhipin has developed powerful network effects to deliver higher recruitment efficiency and drive rapid expansion.

    For more information, please visit https://ir.zhipin.com.

    For investor and media inquiries, please contact:

    KANZHUN LIMITED
    Investor Relations
    Email: ir@kanzhun.com

    In China：

    PIACENTE FINANCIAL COMMUNICATIONS
    Helen Wu
    Tel: +86-10-6508-0677
    Email: kanzhun@tpg-ir.com

    In the United States:

    PIACENTE FINANCIAL COMMUNICATIONS
    Brandi Piacente
    Phone: +1-212-481-2050
    Email: kanzhun@tpg-ir.com

    The MIL Network –

  • MIL-OSI United Kingdom: From grey to green: Derby City Centre gets a makeover

    Source: City of Derby

    Derby City Centre has undergone a transformative green makeover thanks to funding from the Government’s Transforming Cities Fund.

    New planters have been installed around the city centre, giving a fresh and vibrant feel to the area.

    Many of the new planters have seating incorporated, which has been designed to be accessible to all visitors. Whether stopping for a quick rest or enjoying the sunshine, people can now experience Derby in a whole new way.

    Alongside the new planters, residents will already be familiar with the living roof bus shelters, which continue to be installed around the city. On top of being more visually appealing, these shelters also provide food sources and habitats for a wide variety of pollinating insects.

    Councillor Carmel Swan, Cabinet Member for Climate Change, Transport and Sustainability, said:

    This project marks a real step forward in making Derby a greener, more climate-conscious city. By adding trees, plants, and accessible seating, we’re turning grey spaces into greener, more welcoming areas.

    Over the last year I have been holding several events with schools across the city as part of the Derby Promise. Their voices have been clear; make our city greener. I hope that they like the new greening of our city.

    These changes not only improve the look and feel of our streets, but also support biodiversity, help tackle air pollution and create a more resilient urban environment for the future.”

    These new planters have been installed by Whitehouse on behalf of Derby City Council.

    In 2020, Derby City Council and Nottingham City Council secured £161m from the Transforming Cities Fund to invest in local transport infrastructure that will improve sustainable transport options, support growth, and encourage more low carbon journeys.

    As part of this wider vision, Derby’s city centre streets have been reimagined to provide improved access for road users and pedestrians, improve traffic flow, and reduce emissions. This includes new segregated cycle lanes, wider pavements, and improved traffic signals.

    The greenery and seating has been strategically placed where Transforming Cities infrastructure works were completed. These enhancements are not just aesthetic, but are helping to revive Derby’s city centre by creating a more pleasant environment that attracts visitors, supports local businesses, and encourages sustainable travel choices.

    The new planters and seating areas are the latest in our plans to make Derby a greener city. Six new pocket parks have recently been installed around Derby, providing an accessible, safe space for citizens to take a break.

    The Transforming Cities Fund works support actions in the Council’s Climate Change Action Plan to increase active and sustainable travel, increase biodiversity which in turn improves health and wellbeing whilst supporting the local economy.

    MIL OSI United Kingdom –

  • MIL-OSI Australia: Update – Serious Crash at Blackwood

    Source: New South Wales – News

    A motorcycle rider has been seriously injured in a crash at Blackwood this afternoon.

    Just after 3.30pm on Thursday 22 May, police were called to Shepherds Hill Road after reports of a collision between a truck and motorcycle.

    The rider, a 46-year-old man from Blackwood, sustained serious injuries in the crash and rushed to hospital. He remains in a critical condition.

    The truck driver, a 38-year-old man from Holden Hill, was not injured.

    Traffic was blocked for westbound traffic from the Blackwood roundabout for several hours but reopened about 9.15pm.

    Major Crash Investigators attended the scene to determine the circumstances surrounding the crash.

    Anyone who witnessed the crash and hasn’t yet spoken to police is asked to contact Crime Stoppers at www.crimestopperssa.com.au or on 1800 333 000. You can remain anonymous.

    ​

    MIL OSI News –

  • MIL-OSI: Rhino Federated Computing Raises $15M Series A to Scale Federated AI Across Regulated Industries

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, May 22, 2025 (GLOBE NEWSWIRE) — Rhino Federated Computing, the leading platform for federated AI collaboration, today announced the close of an oversubscribed $15 million Series A funding round led by AlleyCorp. All existing institutional investors participated, including LionBird, Fusion Fund, Arkin Digital Health, Qiming Venture Partners USA, Telus Global Ventures and Keren Maccabi, as well as new investors Wilson’s Bird Capital, Mr. Frank Sica, and Gaingels. The round brings Rhino FCP’s total funding to over $30 million to-date.

    Founded in 2020 by Dr. Ittai Dayan (who led AI development and deployment at Mass General Brigham and was a researcher at Harvard Medical School) and Yuval Baror (serial entrepreneur with over 20 years of experience building AI based production systems), Rhino FCP enables enterprises to work together on AI and data science initiatives without centralizing data—fueling a new era of federated AI that protects data ownership, complies with regulation, and accelerates innovation. The company is already powering major use cases, including:

    With this new capital, Rhino will scale these capabilities across more customers and regulated sectors, bringing to market a robust, enterprise-grade solution for organizations looking to collaborate with data at scale.

    “Federated AI is the future of innovation in regulated industries,” said Dr. Ittai Dayan, CEO and co-founder of Rhino Federated Computing. “We’re helping organizations unlock the power of their data—not in isolation, but as part of an interconnected, secure network. This investment allows us to accelerate that mission and expand the reach of our platform.”

    Dr. Alexi Nazem, General Partner head of healthcare at AlleyCorp, added: “In the rapidly advancing era of artificial intelligence, unique data is becoming incredibly valuable. But often that data is private and proprietary, so private, secure, and effective collaboration tools are necessary to activate and realize the true value of that data. It’s a difficult challenge, especially in highly sensitive fields like healthcare and financial services, and Rhino’s federated AI platform is the most compelling foundation we’ve seen for making that possible.”

    About Rhino Federated Computing
    Headquartered in Boston, MA, with an R&D center in Tel Aviv, Rhino has built the trusted end-to-end tech stack for federated AI in regulated industries. Rhino FCP enables data-driven collaboration across institutional and geographic boundaries—without requiring data centralization—empowering enterprises to safely scale AI and analytics across increasingly large networks. Rhino is committed to delivering scalable, secure, and compliant data collaboration without sacrificing speed or control.

    Media Contact
    media@rhinofcp.com
    www.rhinofcp.com

    The MIL Network –

  • MIL-OSI: Philadelphia Insurance Companies Recognized with Duck Creek Standard of Excellence Customer Award at Formation ’25

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, May 22, 2025 (GLOBE NEWSWIRE) — Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has named Philadelphia Insurance Companies (PHLY) a recipient of its 2025 Standard of Excellence Customer Award winner at Formation ’25, its flagship customer conference held this week in Orlando, Florida.

    The Duck Creek Standard of Excellence Customer Awards recognize customers who have achieved the highest level of excellence through their implementation of Duck Creek solutions and who have a vision to advance their business, while reimagining the future of insurance. The award recognizes PHLY for its outstanding achievement in digital transformation and innovation in insurance operations.

    Together with Ernst & Young, LLP (EY US), PHLY leveraged Duck Creek’s cloud-native, SaaS-based solutions, including Duck Creek Policy, Duck Creek Insights, and Duck Creek Producer Portal, to reimagine how Philadelphia Insurance Companies BOP (PHLYBOP) policies are delivered, driving major advancements across operational efficiency, customer experience, and market responsiveness.

    “This recognition highlights the power of teamwork and the strength of our technology partnerships,” said Brent Skiles, SVP of Insurance Operations at Philadelphia Insurance Companies. “Together, we’ve helped PHLY launch a future-ready platform that meets the needs of our broker and agency partners, while scaling for tomorrow’s opportunities.”

    Facing the need to modernize legacy systems, PHLY set out to implement a digital-first strategy, reduce manual processes, and use data to drive better decisions and customer insights. With Duck Creek’s solutions, they achieved:

    • Automated policy lifecycle management, improving speed and accuracy;
    • Real-time data access and analytics to support decision-making and compliance;
    • A modern, agent-facing experience via the Duck Creek Producer Portal; and
    • Rapid deployment of BOP products across multiple states using pre-configured templates and scalable APIs.

    The foundational release of the reimagined BOP offering launched in three states in late 2024, with rollout to 20 additional states planned throughout 2025. PHLY’s transformation has already led to increased market share, improved customer satisfaction, and stronger agent engagement, setting a new benchmark for excellence in digital insurance delivery.

    “Philadelphia Insurance Companies demonstrated what’s possible when a forward-thinking insurer embraces modern technology to meet complex market demands,” said William Magowan, SVP North American Sales at Duck Creek Technologies. “Their strategic use of Duck Creek OnDemand, Policy, Insights, and Producer is a prime example of how carriers can deliver meaningful transformation with speed and scale.”

    Duck Creek celebrates PHLY’s incredible success in the P&C Insurance Industry.

    About Duck Creek Technologies   
    Duck Creek Technologies is the global intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and X.

    About Philadelphia Insurance Companies

    For over 60 years, Philadelphia Insurance Companies (PHLY) has delivered stability and peace of mind through enduring partnerships with our customers, brokers, and independent agents nationwide. We provide commercial property/casualty and professional liability coverages, comprehensive risk management, and expert claims handling across 120+ specialized industries.  

    As a proud member of Tokio Marine Group, one of the largest insurance groups in the world, PHLY’s exceptional financial strength has been independently validated through the highest ratings from the AM Best Company [“A++” (Superior)] and Standard & Poor’s [“A+”] since 2011. PHLY is nationally recognized as a member of Ward’s Top 50 since 2001, Business Insurance’s Best Places to Work in Insurance since 2010, and ranked as one of America’s Best Midsize Employers by Forbes.  

    For more information, please visit PHLY.com and connect with us on LinkedIn.   

    Media Contacts:   
    Marianne Dempsey/Tara Stred   
    duckcreek@threeringsinc.com

    The MIL Network –

  • MIL-OSI: TransUnion Analysis Uncovers Surprising Truth: Inflation-Adjusted Debt Growth Much Smaller Over the Last Five Years

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 22, 2025 (GLOBE NEWSWIRE) — As consumers grapple with rising costs and high interest rates, recent studies have revealed an increased reliance on credit products to help make ends meet. Despite the seemingly rapid growth in balances, a new analysis by TransUnion (NYSE: TRU) uncovers a more complex reality.

    According to TransUnion’s newly released Q1 2025 Credit Industry Insights Report (CIIR) total consumer balances have steadily increased over recent years. Total balances in nominal dollar terms (before adjusting for inflation) across all consumer credit products rose from $14.1 trillion in Q1 2020 to $18.0 trillion in Q1 2025, approximately 28%. The cumulative Consumer Price Index increase over that same time period, as measured by the U.S. Bureau of Labor Statistics, was nearly 24%. When adjusted for inflation, total balance growth in real dollar terms is more modest, amounting to $0.5 trillion over the five-year period, an increase of closer to 3%.

    The analysis also revealed that inflation-adjusted balances for consumers actually declined in real dollar terms across the majority of credit risk tiers from 2020 to 2025. This decrease was most pronounced in the prime risk tier, which saw a 14% drop in balances after adjusting for inflation. In contrast, super prime consumers experienced an 18% growth in balances over the same period. Much of the increase for super prime borrowers was attributed to higher mortgage balances. The only other risk tier to see an inflation-adjusted increase over the period was subprime at 1.9%.

    “Our latest analysis reveals a picture of credit usage that goes beyond simply an increase in total balances,” said Jason Laky, executive vice president and head of financial services at TransUnion. “When we account for the recent period of higher inflation, the rise in balances suggests that consumers in most risk tiers are not over-extended. In fact, many consumers experienced significant income gains since 2019, which have enabled most borrowers to effectively manage their debt levels.”

    Total Inflation-Adjusted Balances Across All Accounts Have Declined Across The Majority of Risk Tiers Since 2019
      % nominal dollar change 2020 to 2025 % real dollar change for 2020 to 2025 –
    inflation adjusted
    Super prime 46.5% 18.2%
    Prime plus 9.4% -11.7%
    Prime 7.2% -13.5%
    Near prime 11.6% -9.9%
    Subprime 26.2% 1.9%


    Source: TransUnion U.S. Consumer Credit Database

    “These findings challenge the idea that consumers are simply accumulating credit card debt. Instead, they highlight how balances reflect the current economic reality,” said Michele Raneri, vice president and head of U.S. research and consulting at TransUnion. “It’s understandable that only subprime consumers have experienced an inflation-adjusted increase in real credit card average balances, as this demographic has likely felt the impact of higher costs most acutely. But for other risk tiers of borrowers, their card balance growth has been less than the rate of inflation, indicating that many consumers may have further borrowing capacity.”

    To learn more about the latest consumer credit trends, register for the Q1 2025 Quarterly Credit Industry Insights Report webinar. Read on for more specific insights about credit cards, personal loans, auto loans and mortgages.

    Serious consumer-level credit card delinquencies decline YoY for second consecutive quarter

    Q1 2025 CIIR Credit Card Summary

    The first quarter of 2025 reflected credit card trends indicating a return to equilibrium, similar to those observed towards the end of 2024. Notably, consumer-level delinquencies of 90+ days past due decreased for the second consecutive quarter, dropping by 12 basis points year-over-year (YoY) to 2.43%. This marks the first consecutive quarters of YoY delinquency decline since 2020, during the height of the pandemic. In Q4 2024, total originations volume experienced a slight YoY increase of 0.1%. Although modest, this represents the first YoY growth in six quarters. Subprime originations saw a YoY growth of 2.9% in Q4 2024, the first in eight quarters, while super prime originations grew by 5.3% for the second consecutive quarter. Despite the uptick in originations, credit line amounts on new cards continue to trend downward. The average credit line on new accounts decreased slightly by 0.3% YoY in Q4 2024, with growth in super prime lines offsetting smaller lines in prime and below.

    Instant Analysis

    “We continue to observe signs that serious delinquencies may have peaked, with consumers managing their credit card usage more effectively. The year-over-year decline in 90+ days past due delinquencies, along with slower balance growth and stable utilization rates, indicates emerging market stability. We anticipate further declines in serious delinquencies in the coming quarters, primarily due to lenders’ intentional management of credit lines and cardholder risk profiles.”

    – Paul Siegfried, senior vice president and credit card business leader at TransUnion

    Q1 2025 Credit Card Trends

    Credit Card Lending Metric
    (Bankcard)    		 Q1 2025 Q1 2024 Q1 2023 Q1 2022

    Number of Credit Cards
    (Bankcards)    		 563.0 million 543.1 million 523.2 million 490.0 million
    Borrower-Level Delinquency
    Rate (90+ DPD)    		 2.43% 2.55% 2.26% 1.62%
    Total Credit Card Balances $1.07 Trillion $1.02 Trillion $917 billion $769 billion

    Average Debt Per Borrower    		 $6,371 $6,218 $5,733 $5,026
    Number of Consumers
    Carrying a Balance    		 172.0 million 169.0 million 165.3 million 158.9 million
    Prior Quarter Originations* 19.4 million 19.3 million 20.6 million 21.2 million
    Average New Account Credit
    Lines*    		 $5,612 $5,628 $5,421 $4,634


    *Note: Originations are viewed one quarter in arrears to account for reporting lag.
    Click here for a Q1 2025 credit card industry infographic. For more credit card industry information, click here for episodes of Extra Credit: A Card and Banking Podcast by TransUnion.

    Shift to less risky borrowers drives decline in unsecured personal loan delinquency in Q1 2025

    Q1 2025 CIIR Unsecured Personal Loan Summary

    In Q4 2024, unsecured personal loan originations hit a new high of 6.3 million, a 26% increase over Q4 2023, driven by all risk tiers, especially super prime, with 29% growth YoY. This led to a 17% YoY growth in total new account balances to $34 billion. Total balances for Q1 2025 only grew for above prime tiers, reaching $253 billion, a 3% increase over the prior year. A record 24.6 million consumers had balances, a 5% increase YoY, but average balances per consumer only grew for above prime tiers. Lenders expanded their borrower base but maintained cautious exposure, leading to a 7% decrease in average new account balances for Q4 2024, the fifth consecutive quarter of decline. Subprime delinquencies fell to 14.0% in Q1 2025 from 15.6% last year, while other risk tiers saw increases. The overall borrower-level delinquency rate declined to 3.49% in Q1 2025 from 3.75% last year, thanks to a balanced lending mix.

    Instant Analysis

    “The unsecured personal loan market has not only rebounded but also expanded, setting new records in loan volumes and balances. Growth is evident across all credit risk tiers, with super prime borrowers leading in year-over-year growth in the most recent quarter. Lenders appear to be limiting loan amounts for individual consumers, even as the aggregate borrower-level delinquency rate continues to decline. Increased competition and demand in the lowest risk credit tiers, along with advances in risk management practices, are now resulting in lower delinquency rates. These factors should support sustained growth, even in a challenging macroeconomic environment.“

    – Josh Turnbull, senior vice president and consumer lending business leader at TransUnion

    Q1 2025 Unsecured Personal Loan Trends
    Personal Loan Metric Q1 2025 Q1 2024 Q1 2023 Q1 2022
    Total Balances $253 billion $245 billion $225 billion $178 billion
    Number of Unsecured
    Personal Loans    		 29.8 million 28.1 million 26.9 million 23.9 million
    Number of Consumers with
    Unsecured Personal Loans    		 24.6 million 23.5 million 22.4 million 20.4 million
    Borrower-Level Delinquency
    Rate (60+ DPD)    		 3.49% 3.75% 3.91% 3.25%
    Average Debt Per Borrower $11,631 $11,829 $11,281 $9,896
    Average Account Balance $8,496 $8,737 $8,356 $7,448
    Prior Quarter Originations* 6.3 million 5.0 million 5.2 million 5.7 million


    *Note: Originations are viewed one quarter in arrears to account for reporting lag.
    Click here for additional unsecured personal loan industry metrics. Click here for a Q1 2025 unsecured personal loan industry infographic.

    Mortgage originations see YoY growth as delinquencies tick up

    Q1 2025 CIIR Mortgage Loan Summary

    Another sign that the previously sluggish mortgage originations market is beginning to rebound is that mortgage originations saw a YoY increase of 30.2% in Q4 2024, reaching 1.2 million, with 78% of those being purchase originations. The 15.4% YoY growth in purchase originations marks its first annual increase since Q2 2021. Origination volumes remain low compared to historical norms. Home equity originations rose 11% YoY, marking the third consecutive quarter of YoY increases. Meanwhile, 60+ days past due (DPD) account-level delinquencies ticked up YoY in Q1 2025 for the 12th consecutive quarter, reaching 1.44%. This represents a growth of 21 basis points YoY in Q1 2025, though the rate remains relatively low compared to historical levels. As home prices continue to climb, the average amount of new mortgage loans has followed suit, increasing by nearly $40,000 YoY to $366,443 in Q4 2024.

    Instant Analysis

    “Due to the anticipated impacts of announced tariffs on near-term inflation, mortgage rates are expected to remain elevated above 6% in the next quarter. Without a significant decrease in mortgage rates, origination activity for both purchases and refinances is likely to remain subdued. Although the upward trend in mortgage delinquencies continues, the levels remain below long-term averages, and far below historical highs during the Great Financial Crisis, but still warrant close monitoring.”

    – Satyan Merchant, senior vice president, automotive and mortgage business leader at TransUnion

    Q1 2025 Mortgage Trends
    Mortgage Lending
    Metric    		 Q1 2025 Q1 2024 Q1 2023 Q1 2022
    Number of Mortgage
    Loans

    53.6 million

    53.2 million

    52.9 million

    51.5 million
    Consumer-Level
    Delinquency Rate
    (60+ DPD)    		 1.36% 1.14% 0.90% 0.80%
    Prior Quarter
    Originations*    		 1.2 million 0.9 million 1.0 million 2.9 million
    Average Loan
    Amounts
    of New Mortgage
    Loans*    		 $366,443 $327,102 $327,050 $315,661
    Average Balance per
    Consumer    		 $266,843 $260,745 $253,514 $241,203
    Total Balances of All
    Mortgage Loans    		 $12.5 trillion $12.1 trillion $11.8 trillion $10.9 trillion


    * O    riginations are viewed one quarter in arrears to account for reporting lag.
    Click here for additional mortgage industry metrics. Click here for a Q1 2025 mortgage industry infographic.

    Auto originations trend up ahead of tariffs

    Q1 2025 CIIR Auto Loan Summary

    Auto loan originations in Q4 2024 reached 6.2 million, representing an 8% YoY growth. This growth was observed across all risk tiers, with super prime leading at 15.7% YoY growth. The increase was largely driven by Federal Reserve interest rate cuts in late 2024, rising inventories, and the return of incentives. New vehicles made up 47% of those financed in Q4 2024, as compared to 53% used, the highest Q4 share for new vehicles since pre-pandemic times. Leasing share continued to approach pre-pandemic levels, rising to 26% in Q1 2025. The 60+ DPD delinquency rate increased by 5 basis points YoY in Q1 2025 to 1.38%. This rate exceeds the peak delinquency rate of 1.33% observed in Q1 2009, although the rate of growth has recently slowed. Overall, new vehicle loan vintages continue to show consistent performance compared to pre-pandemic periods (2018/2019). However, when broken down by risk tiers, recent new vehicle vintages have elevated delinquency levels, particularly for prime and below tiers.

    Instant Analysis

    “There have been positive signs of recovery and momentum across all tiers, not just super prime. The return of incentives has provided a tailwind to vehicle sales and financing. Nevertheless, some of this progress may reverse if the recently announced trade policies are implemented long-term, as they could further impact affordability. Despite this, we expect Q1 2025 originations to increase, as many consumers likely tried to secure a new vehicle before the tariffs were implemented.”

    – Satyan Merchant, senior vice president, automotive and mortgage business leader at TransUnion

    Q1 2025 Auto Loan Trends

    Auto Lending Metric    		 Q1 2025 Q1 2024 Q1 2023 Q1 2022

    Total Auto Loan Accounts    		 80.0 million 80.1 million 80.1 million 80.5 million

    Prior Quarter Originations    1    		 6.2 million 5.8 million 5.8 million 6.5 million
    Average Monthly Payment
    NEW    2    		 $759 $746 $741 $657
    Average Monthly Payment
    USED    2    		 $526 $521 $521 $509
    Average Balance per
    Consumer    		 $24,413 $24,035 $23,214 $21,606
    Average Amount Financed on
    New Auto Loans    2    		 $42,877 $41,222 $41,539 $40,184
    Average Amount Financed on
    Used Auto Loans    2    		 $26,494 $25,655 $26,260 $27,995
    Consumer-Level Delinquency
    Rate (60+ DPD)    		 1.56% 1.50% 1.34% 1.09%


    1    Note: Originations are viewed one quarter in arrears to account for reporting lag.
    2Data from S&P Global Mobility AutoCreditInsight, Q1 2025 data only for January and February.
    Click here for additional auto industry metrics. Click here for a Q1 2025 auto industry infographic.

    For more information about the report, please register for the Q1 2025 Credit Industry Insight Report webinar.

    About TransUnion (NYSE: TRU)

    TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.

    http://www.transunion.com/business

    Contact Dave Blumberg
      TransUnion
    E-mail dblumberg@transunion.com
    Telephone 312-972-6646

    The MIL Network –

  • MIL-OSI: American Rebel Congratulates Tony Stewart on Top Fuel Victory at Gerber Collision & Glass NHRA Route 66 Nationals

    Source: GlobeNewswire (MIL-OSI)

    Stewart’s Fourth Consecutive Final and Second Victory of his Top Fuel Career

    American Rebel Light Beer Sponsorship of Tony Stewart Racing Drivers Tony Stewart and Matt Hagan Celebrate Stewart Win and Stewart Heads to 109th Indianapolis 500 to Join the INDYCAR on FOX team for Pre-Race Show

    Nashville, TN, May 22, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), creator of American Rebel Beer (americanrebelbeer.com) and a designer, manufacturer, and marketer of branded safes, personal security and self-defense products and apparel (americanrebel.com), is proud to congratulate Tony Stewart on his victory at the Gerber Collision & Glass NHRA Route 66 Nationals in the Top Fuel Dragster (nhra.com) this past weekend at the Route 66 Raceway (route66raceway.com) in Chicago. This past weekend’s race marked the fourth consecutive final for Stewart and the second victory of his Top Fuel Career.

    “I said at Vegas that I was extremely impressed and pleased with the progress our team has been making,” said Stewart. “There were tricky track conditions on Friday, so I was excited about getting number one qualifier in Q1. There are a lot of heavy hitters that can really perform when the track is great and we just hadn’t been there yet. When the track cooled off and we ran a 3.67 (ET) yesterday, we got really excited. We had talked amongst our group about how tough it is to race for a championship at the end of the season when we haven’t raced in cooler conditions like we will have in the Fall. We had that this weekend, so to run that well was very encouraging. Now we have data that we can go back and look at and won’t be starting from scratch. We had a mixture of warm and cool conditions today for eliminations. I talked with Leah (Pruett, Stewart’s wife and driver of the Tony Stewart Racing (tsrnitro.com) Top Fuel Dragster until she stepped away to start a family) before the Final about what I had to do to beat Justin (Ashley). We concluded I had to just keep doing what I’ve been doing and get up on the wheel. You know when you race Justin, you have to bring your “A game” and rise to the occasion. His reaction times are the best out here and he does that both in qualifying and eliminations. That makes today’s win for our Rinnai crew that much more special. They have a great team and program. When you can beat them, it is a feather in your cap because you’re beating one of the best teams in the business.”

    “I couldn’t be more proud for Tony, Leah, Matt and the entire Tony Stewart Racing team,” said American Rebel CEO Andy Ross. “Tony making four consecutive finals with two of them being wins is amazing; and Matt is also running really well. Our distributors, retailers and customers love our association with Tony Stewart Racing and Tony’s support team have gone above and beyond the call of duty to help American Rebel Beer every way they can. It’s been a fantastic experience!”

    Stewart’s previous three consecutive final-round appearances came at the 65th NHRA Winternationals, NHRA 4-Wide Nationals in Las Vegas, and American Rebel Light NHRA 4-Wide Nationals in Charlotte in addition to the fourth consecutive final-round appearance at the Gerber Collision & Glass NHRA Route 66 Nationals in Chicago.

    The fact that Tony Stewart may be the most versatile driver in the history of auto racing was highlighted again this weekend as Stewart earned a trifecta in Chicago with Stewart’s previous win on the oval track in Chicago, his win as a team owner with driver Donny Schatz’s 2005 and 2017 wins on the dirt track, and now Stewart’s win in Top Fuel on the dragstrip. Stewart’s versatility will again be highlighted this coming weekend as Stewart will join Danica Patrick and Chris Myers and the INDYCAR on FOX team and participate in the pre-race show for the 109th Indianapolis 500. Pre-race coverage begins at 10 am Eastern.

    American Rebel is an associate sponsor on the Tony Stewart driven Top Fuel Dragster and the Matt Hagan driven Funny Car for all 20 races of the NHRA Mission Foods 2025 season as well as the primary sponsor of the Matt Hagan Funny Car for five races, including the American Rebel Light NHRA 4-Wide Nationals at Charlotte Motor Speedway, and the primary sponsor of the Tony Stewart Top Fuel Dragster for one race during the 2025 season. Being a sponsor provides opportunities for vast exposure during the race broadcasts on Fox Sports, Fox Sports 1 (FS1) and Fox Sports 2 (FS2). Ratings for NHRA telecasts are very strong and visibility continues to expand through additional streaming options through NHRA.tv.

    In addition to the strong television viewership of NHRA racing, NHRA has unveiled exciting opportunities for digital media and content creators for the 2025 NHRA Mission Foods Drag Racing Series season. Aiming to change the way influencers, content creators and digital media members experience drag racing, NHRA is working to expand its reach across social media platforms with its Cornwell Tools Burnout Box Content Creator Zone. This expansion and emphasis in the digital media space will significantly benefit American Rebel.

    American Rebel has also benefitted from the relationship with Tony Stewart Racing through the social media reach of Tony Stewart, Matt Hagan and Leah Pruett. Tony Stewart has nearly 750,000 followers on X (@TonyStewart) and over 250,000 followers on Instagram (@tsrsmoke). Matt Hagan has nearly 150,000 followers on Instagram (@matthagan_fc) and Leah Pruett has nearly 400,000 followers on Instagram (@leah.pruett).

    Primary sponsorship dates for American Rebel Beer on the Matt Hagan Funny Car are April 25 – 27 at the American Rebel Light NHRA 4-Wide Nationals in Concord, NC; June 20 – 22 at the Virginia NHRA Nationals at North Dinwiddle, VA; August 14 – 17 at the Lucas Oil NHRA Nationals in Brainerd, MN; September 26 – 28 at the NHRA Midwest Nationals near St. Louis, MO; and October 30 – November 2 at the NHRA Nevada Nationals in Las Vegas, NV. American Rebel Beer will also be a primary sponsor for the Tony Stewart Top Fuel Dragster on September 26 – 28 at the NHRA Midwest Nationals near St. Louis, MO.

    About American Rebel Light Beer

    Produced in partnership with AlcSource, American Rebel Light Beer (americanrebelbeer.com) is a domestic premium light lager celebrated for its exceptional quality and patriotic values. It stands out as America’s Patriotic, God-Fearing, Constitution-Loving, National Anthem-Singing, Stand Your Ground Beer.

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

    About Tony Stewart Racing

    Headquartered in Brownsburg, Indiana, Tony Stewart Racing (TSR) Nitro fields two entries in the NHRA Mission Foods Drag Racing Series. After more than four decades of racing around in circles, Tony Stewart embarked on a straight and narrow path, albeit more than 300 mph. The championship-winning racecar driver who has successfully transitioned to being a championship-winner team owner, formed the TSR nitro team in 2021, with 2022 marking the team’s first season in competition. Matt Hagan pilots the Funny Car and Tony Stewart took over driving duties in 2024 for wife Leah Pruett in the Top Fuel dragster as they started a family. Hagan is a four-time Funny Car champion (2011, 2014, 2020 and 2023) from Christiansburg, Virginia. Stewart hails from Columbus, Indiana and earned his first Top Fuel victory at the 2025 NHRA Four-Wide Nationals in Las Vegas. He also won the 2024 NHRA Rookie of the Year title. Stewart finished second in the 2023 Top Alcohol Dragster championship standings.

    About American Rebel Holdings, Inc.

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

    American Rebel Holdings, Inc.
    info@americanrebel.com

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

    Forward-Looking Statements

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

    Company Contact:
    tporter@americanrebelbeer.com
     info@americanrebel.com

    Attachment

    The MIL Network –

  • MIL-OSI: Fusion Fuel Announces Over $2.7 Million in New Contracts and Substantial Utility Growth through Al Shola Gas

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Ireland, May 22, 2025 (GLOBE NEWSWIRE) — via IBN – Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), a leading provider of full-service energy engineering, advisory, and utility solutions, today announced that its majority-owned operating subsidiary, Al Shola Al Modea Gas Distribution LLC (“Al Shola Gas”), has secured an estimated $2.7 million in new engineering contracts since the beginning of March 2025, and, since the beginning of January 2025, has added more than 1,800 residential service contracts and two commercial service contracts to its portfolio for estimated recurring revenue of more than $0.9 million. The Company also provided an update on Al Shola Gas’ bulk LPG supply.

    Overview of New Contracts – Engineering Projects

    Since March 2025, Al Shola Gas has signed contracts for design, supply, installation, maintenance, and operations with an estimated total value of approximately $2.7 million.

    “The award of these market-leading contracts exemplifies Al Shola Gas’s capability to undertake and execute the industry’s most exemplary and demanding projects. We continue to expand our operations as the United Arab Emirates (UAE) benefits from increased migration and construction sector growth,” added Al Shola Gas, Managing Director, Sanjeeb Safir.

    Overview of New Contracts – Residential Utilities

    Since the commencement of the current year, Al Shola Gas has signed contracts for the supply and maintenance of LPG utility solutions for over 1,800 new apartments situated in 16 buildings throughout Dubai, UAE. The anticipated annual recurring revenue generated from the new contracts is projected to be approximately $0.9 million. Consequently, with the incorporation of these new contracts, the current billings for utility solutions rendered by Al Shola Gas will increase to encompass over 12,000 customers.

    Overview of New Contracts – Commercial Utilities

    Furthermore, since the beginning of 2025, Al Shola Gas has signed commercial LPG supply and maintenance contracts for two food and beverage facilities in Dubai. With the addition of these properties, Al Shola Gas now manages monthly billing for over 170 food and beverage outlets.

    Overview of Bulk LPG Supply

    Bulk LPG supplied by Al Shola Gas to its current customers has consistently exceeded 600 MT monthly. Bulk LPG supply has been organically growing at a rate of 10 to 20 MT per month. With new bobtail trucks purchased and expected to join the Al Shola Gas fleet in the coming months, the company expects to reach 800 MT per month in bulk LPG supply by the end of the year.

    “Al Shola Gas continues to deliver impressive operational results and commercial traction,” said John-Paul Backwell, CEO of Fusion Fuel. “These new contracts reflect the market’s trust in our capabilities and contribute meaningful value to our long-term revenue base through project and recurring utility income.”

    About Fusion Fuel Green PLC

    Fusion Fuel Green PLC (NASDAQ: HTOO) is an emerging leader in the energy services sector, offering a comprehensive suite of energy supply, distribution, and engineering and advisory solutions through its Al Shola Gas and BrightHy brands. Al Shola Gas provides full-service industrial gas solutions, including the design, supply, and maintenance of liquefied petroleum gas (LPG) systems, as well as the transport and distribution of LPG to a broad range of customers across commercial, industrial, and residential sectors. BrightHy, the Company’s newly launched hydrogen solutions platform, delivers innovative engineering and advisory services enabling decarbonization across hard-to-abate industries.

    Forward-Looking Statements

    This press release includes “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”, “intend”, “predict”, “should”, “would”, “predict”, “potential”, “seem”, “future”, “outlook” or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Fusion Fuel has based these forward-looking statements largely on its current expectations, are based on assumptions as to future events that may not prove to be accurate, and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Such forward-looking statements are subject to risks and uncertainties, including without limitation, those set forth in Fusion Fuel’s Annual Report on Form 20-F for the year ended December 31, 2024, filed with the Securities and Exchange Commission on May 9, 2025, which could cause actual results to differ from the forward-looking statements.

    Wire Service Contact:
    IBN
    Austin, Texas
    www.InvestorBrandNetwork.com
    512.354.7000 Office
    Editor@InvestorBrandNetwork.com

    The MIL Network –

  • MIL-OSI Economics: Statement on the appointment of Cecilia Skingsley as County Governor of Stockholm

    Source: Bank for International Settlements

    I extend my warmest congratulations to Cecilia and wish her all the best in this new role. Under her leadership, the BIS Innovation Hub made great strides towards fulfilling our strategic goal of helping central banks face the challenges of the future by exploring cutting-edge financial technologies. It recently completed its expansion to seven centres worldwide, concluded over 30 projects, started many others and has synthesised the lessons from these experiments for the broader community of central banks, regulators and supervisors. Cecilia has built a skilled and passionate team steeped in the culture of innovation and ready to take on more challenges.

    Cecilia’s expertise in policymaking and innovation was evident long before joining the BIS, in her previous roles as First Deputy Governor of Sveriges Riksbank and as chair of the BIS’s Committee on Payments and Market Infrastructures Future of Payments Working Group. I am sure that the global central banking community will join me in wishing Cecilia the best of luck in this important new chapter of her impressive public service career.

    MIL OSI Economics –

  • MIL-OSI USA: Rep. Estes, House Passes One Big, Beautiful Bill

    Source: United States House of Representatives – Congressman Ron Estes (R-Kansas)

    This morning, Rep. Ron Estes and the House of Representatives passed H.R. 1 – the One Big Beautiful Bill Act. As a senior member of the House Ways and Means Committee, Rep. Estes was instrumental in crafting the tax provisions in the legislation that lower taxes for working families and support small businesses. Before the vote, Rep. Estes spoke in support of the bill during debate.

    “[The bill] ends benefits for illegal immigrants. Instead of giving Medicaid to able-bodied adults, it prioritizes the benefit for children, seniors and low-income Americans. It provides a tax credit for seniors, exceeding President Trump’s plan to end taxes on Social Security. It provides funding for more border security to keep our country safe,” said Rep. Estes. “And perhaps more importantly, it extends the pro-family, pro-growth policies from the Tax Cuts and Jobs Act that even the New York Times and Washington Post admitted gave tax cuts to middle class Americans.”

    Watch video of Rep. Estes’ remarks here.

    Full Remarks

    Mr. Speaker, I rise today to urge my colleagues to support our One Big, Beautiful Bill.

    First, let me outline what this bill doesn’t do. It doesn’t take away Medicare, Medicaid or Social Security from Americans who need it. And it doesn’t give lavish tax breaks to millionaires and billionaires.

    Here’s what it does do. It ends benefits for illegal immigrants. Instead of giving Medicaid to able-bodied adults, it prioritizes the benefit for children, seniors and low-income Americans. It provides a tax credit for seniors, exceeding President Trump’s plan to end taxes on Social Security. It provides funding for more border security to keep our country safe.

    And perhaps more importantly, it extends the pro-family, pro-growth policies from the Tax Cuts and Jobs Act that even the New York Times and Washington Post admitted gave tax cuts to middle class Americans.

    And how do we know this will work? Because we saw TCJA boost wages, job growth and tax revenue, despite the CBO’s biased and inaccurate scoring in 2017.

    Mr. Speaker, I urge our colleagues to vote in favor of One Big, Beautiful Bill. 

    MIL OSI USA News –

  • MIL-OSI: NorthStrive Biosciences Announces Completion of Phase I Strategic Review for EL-22 Targeting Muscle Loss Associated with GLP-1 Weight Loss Drugs and Age-Related Sarcopenia

    Source: GlobeNewswire (MIL-OSI)

    NEWPORT BEACH, Calif., May 22, 2025 (GLOBE NEWSWIRE) — Northstrive Biosciences Inc. (“Northstrive”), a subsidiary of PMGC Holdings Inc. (NASDAQ: ELAB) (the “Company,” “PMGC,” “we,” or “our”), today announced the completion of a Phase I strategic research and literature synthesis for EL-22 (formerly BLS-M22), its first-in-class oral myostatin-engineered probiotic. The analysis, conducted in collaboration with Yuva Biosciences and supported by AI-based scientific review technology from Yuva Biosciences’ MitoNova™, provided valuable insights into EL-22’s proposed mechanism of action and will help guide further exploration into its potential to address critical unmet needs in muscle-wasting conditions, including GLP-1-associated atrophy and age-related sarcopenia.

    EL-22 is leveraging a myostatin-engineered probiotic approach to address obesity’s pressing issue of preserving muscle while on weight loss treatments, including GLP-1 receptor agonists. The oral biologic is designed to induce a targeted immune response against myostatin, a key negative regulator of muscle growth. Unlike traditional injectable antibodies, EL-22 leverages genetically engineered Lactobacillus casei to stimulate the gut immune system, offering a convenient, patient-friendly oral delivery method with potential safety and efficacy advantages.

    Key Highlights from the Report:

    • Strong Preclinical Rationale: Synthesized findings from published peer-reviewed literature, highlight noteworthy effects of EL-22 in mdx mice on antibody production, serum CK, body weight, motor function, and muscle histology.
    • Unique Oral Vaccine Approach: EL-22 is distinct from the more common systemic administration of antibodies or gene therapy vectors. Utilizing Lactobacillus casei as a delivery vehicle to stimulate mucosal and systemic immunity against myostatin is a novel immunological strategy for a muscle-wasting disorder.
    • Targeting GLP-1-Associated Muscle Loss: With the rapid expansion of GLP-1 receptor agonists in obesity and diabetes, EL-22 is well-positioned to address the growing concern of associated muscle loss. The company is prioritizing this indication for its next clinical development milestone.
    • Strategic Next Steps: NorthStrive intends to launch a Phase 2 proof-of-concept trial targeting GLP-1 users and begin regulatory engagement to advance EL-22 toward an IND filing in the United States.

    About Northstrive Biosciences Inc.

    Northstrive Biosciences Inc., a PMGC Holdings Inc. company, is a biopharmaceutical company focusing on the development and acquisition of cutting-edge aesthetic medicines. Northstrive’s lead asset, EL-22, leverages an engineered probiotic approach to address obesity’s pressing issue of preserving muscle while on weight loss treatments, including GLP-1 receptor agonists. For more information, please visit www.northstrivebio.com.

    About Yuva Biosciences, Inc.

    Yuva Biosciences is a longevity company harnessing the cutting edge of mitochondrial science to address the root cause of aging. By partnering with consumer brands and biotech innovators, Yuva Biosciences develops solutions for aging-related concerns including hair loss, skin wrinkles, and several other conditions driven by a decline in mitochondrial function. The company is headquartered in Birmingham, Alabama. For more information, please visit www.yuvabio.com.

    About PMGC Holdings Inc.

    PMGC Holdings Inc. is a diversified holding company that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries. Currently, our portfolio consists of three wholly owned subsidiaries: Northstrive Biosciences Inc., PMGC Research Inc., and PMGC Capital LLC. We are committed to exploring opportunities in multiple sectors to maximize growth and value. For more information, please visit https://www.pmgcholdings.com.

    Forward-Looking Statements

    Statements contained in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Words such as “believes,” “expects,” “plans,” “potential,” “would” and “future” or similar expressions such as “look forward” are intended to identify forward-looking statements. Forward-looking statements are made as of the date of this press release and are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, activities of regulators and future regulations and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Therefore, you should not rely on any of these forward-looking statements. These and other risks are described more fully in PMGC’s filings with the United States Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 28, 2025, and its other documents subsequently filed with or furnished to the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. All forward-looking statements contained in this press release speak only as of the date on which they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

    IR Contact:

    IR@pmgcholdings.com

    The MIL Network –

  • MIL-Evening Report: Punitive criminal libel charge against Samoan journalist draws flurry of criticism

    Pacific Media Watch

    A punitive defamation charge filed against one of Samoa’s most experienced and trusted journalists last week has sparked a flurry of criticism over abuse of power and misuse of a law that has long been heavily criticised as outdated.

    Talamua Online senior journalist Lagi Keresoma, who is also president of the Journalists Association of Samoa (JAWS), was charged with one count of defamation under Section 117A of Samoa’s Crimes Act 2013 on May 18.

    She was elected in 2021 as the first woman to hold the presidency.

    The charge followed an article she had published more than two weeks earlier on May 1 alleging that a former police officer had appealed to Samoa’s Head of State to have charges against him withdrawn.

    The accused was charged with “allegedly forging the signature of the complainant as guarantor to secure a $200,000 loan from the Samoa National Provident Fund”. He denies the allegation.

    It was reported that the complainant was another senior police officer.

    Police Commissioner Auapaau Logoitino Filipo reportedly said the officer had filed a complaint over the May 1 article, claiming its contents were false and amounted to defamation.

    Criminal libel removed, then restored
    The criminal libel law was removed by the Samoan government in 2013, but was revived four years later in 2017. It was claimed at the time that it was needed to deal with issues triggered by social media.

    JAWS immediately defended their president, saying it stood in “full solidarity” with Keresoma and calling for an immediate repeal of the law.

    The association said the provision was a “troubling development for press freedom in Samoa” and added that it “should not be used to silence journalists and discourage investigative reporting”.

    “It is deeply concerning that a journalist of Lagi Keresoma’s integrity and professionalism is being prosecuted under a law that has long been criticised for its negative effect on press freedom,” said the association.

    Talamua Online senior journalist Lagi Keresoma . . . charged with criminal defamation over a report earlier this month. Image: Samoa Observer

    Keresoma told Talamua Online she had been summoned twice to the police station and the police suggested that she apologise publicly and to the complainant and the complaint would be withdrawn.

    However, she said: “To apologise is an admission that the story is wrong, so after speaking to my lawyer and my editor, it was decided to have the police file their charges, but no apology from my end.”

    Her lawyer also contacted the police investigating officer informing that her client was not making a statement but to prepare the charges against her.

    Keresoma was summoned to the police headquarters on Saturday and Sunday and the charges were only finalised on Monday morning before she was released.

    She is due to appear in court next month.

    Lagipoiva Cherelle Jackson, the JAWS gender spokesperson with the International Federation of Journalists (IFJ), said in a statement Keresoma was a veteran Samoan journalist with “decades of service” to the public and media.

    ‘Outdated and controversial provision’
     “Her arrest under this outdated and controversial provision raises serious concerns about the misuse of legal tools to silence independent journalism. The action appears heavy-handed and disproportionate, and risks being perceived as an abuse of power to suppress public scrutiny and dissent,” Lagipoiva said.

    “The United Nations Human Rights Committee and UN Special Rapporteurs, particularly the UN Special Rapporteur on the promotion and protection of the right to freedom of opinion and expression, have repeatedly called for defamation to be treated as a civil matter, not a criminal one.

    “The continued application of criminal defamation in Samoa contradicts international standards and poses a chilling threat to press freedom, particularly for women journalists who already face systemic risks and intimidation.”

    Pacific Media Watch notes: “This is a disturbing development in Pacific media freedom trends. Clearly it is a clumsy attempt to intimidate and silence in-depth investigation and reporting on Pacific governance.

    “For years, Samoa has been a beacon for media freedom in the region, but it has fared badly in the latest World Press Freedom Index and this incident involving alleged criminal libel, a crime that should have been struck from the statutes years ago, is not going to help Samoa’s standing.

    “Journalism is not a crime.”

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI USA: Congresswoman Salinas Defends Oregon Families, Votes No on Final Passage of GOP Tax Scam

    Source: US Representative Andrea Salinas (OR-06)

    Washington, DC – Today, Congresswoman Andrea Salinas (OR-06) issued the following statement after voting no on final passage of the Republican tax scam:

    “Time and time again, my Democratic colleagues and I have attempted to work with Republicans on legislation that would actually bring down costs and make life better for working families. They refused and instead put forth a disastrous tax bill that rips away health care and food assistance for millions, all to give massive tax breaks to billionaires.

    Democrats were undeterred. In committee, we introduced hundreds of amendments to change or remove some of the worst provisions in this bill, including commonsense fixes that would have prevented children from going hungry. Republicans either voted no or failed to bring our amendments up for consideration.

    At every turn, my colleagues on the other side of the aisle have not only ignored our attempts at bipartisanship – they have actively avoided accountability and even convened a meeting in the dead of night to force through their shameful legislation. Republicans are hiding from the American people because they know these cuts are deeply unpopular. Yet they don’t care. Families will starve and people will die as a result of the Republican tax scam – but the rich will get even richer.

    Despite this devastating setback, I will continue to push back against Trump and the GOP’s complicit actions to trample the Constitution, abdicate our co-equal powers of government, and harm the seniors, veterans, children, and hardworking families I’m here to represent.”

    ###

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Councillor Paul De Kort re-elected Leader of St Albans City and District Council

    Source: St Albans City and District

    Publication date:

    Councillor Paul De Kort has been re-elected Leader of St Albans City and District Council.

    He was voted to the role for the second year in succession at the annual meeting of the Full Council on Wednesday 21 May.

    Cllr De Kort will chair the Council’s Strategy and Resources Committee which has responsibility for the budget and other financial issues.

    He will also chair the Planning Policy and Climate Committee, which is overseeing the progress of the Local Plan.

    Cllr De Kort represents Harpenden East ward and has been a Councillor since 2021. He has previously held several key committee positions including Vice Chair of Resources and Chair of Audit.

    He said after the meeting confirmed his appointment:

    I am delighted to have been voted Leader again by my fellow Councillors. 

    During the coming year, we will continue our work on behalf of our residents to make St Albans District an even better place to live and work.

    Over the past 12 months, we have completed the construction of Jubilee Square, a landmark development in a sustainable location in the heart of the City. It has provided 30 new social rent homes for people on our housing register and it will also considerably increase footfall in the centre once the commercial space is occupied.

    In the year ahead, we are on track to get our Local Plan adopted, a blueprint for the sustainable growth of St Albans District over the next 16 years.

    This will allow for 15,000 much-needed new homes as well as £750 million of new infrastructure including new schools, better public transport, locations for 15,000 jobs, green spaces and health facilities.

    We will also remain committed to tackling the climate emergency, promoting inclusive communities and ensuring that our leisure facilities remain at a very high level. We have achieved all this despite the challenging financial climate.

    The Council meeting also agreed to the appointment of six other Lead Councillors who will each have a wide range of responsibilities. They are:

    Councillor Helen Campbell: Deputy Leader, Chair of the Public Realm Committee and Lead for car parking, parks and leisure.

    Councillor Terrie Smith: Vice-Chair of the Public Realm Committee and Lead for heritage, waste and recycling.

    Councillor Simon Johns: Chair of the Housing and Inclusion Committee and Lead for housing services and homelessness.

    Councillor Sarwar Shamsher: Vice-Chair of the Housing and Inclusion Committee and Lead for equality, inclusion and community safety.

    Councillor Giles Fry: Vice-Chair of the Strategy and Resources Committee and Lead for resources.

    Councillor Jacqui Taylor: Vice-Chair of the Planning Policy and Climate Committee and Lead for sustainability, climate and housing delivery.

    Contact for the media: John McJannet, Principal Communications Officer, 01727 819533, john.mcjannet@stalbans.gov.uk.

    MIL OSI United Kingdom –

  • MIL-OSI USA: JOINT DEMOCRATIC LEADERSHIP STATEMENT ON PASSAGE OF THE GOP TAX SCAM

    Source: United States House of Representatives – Congressman Hakeem Jeffries (8th District of New York)

    Democratic Leader Hakeem Jeffries, Whip Katherine Clark and Caucus Chair Pete Aguilar released the following statement:

    Today, every single House Democrat voted to stop the largest cuts to Medicaid and food assistance in American history. The GOP Tax Scam rips healthcare and food assistance away from millions of people in order to provide tax cuts to the wealthy, the well-off and the well-connected. 

    House Republicans promised to lower costs. Instead, Donald Trump’s One Big Ugly Bill will mean millions of families will pay higher premiums, copays and deductibles. Hospitals will close, nursing homes will shut down and communities will suffer. It will take food out of the mouths of children, seniors and veterans at a time when too many families are already struggling to live paycheck to paycheck.

    The GOP Tax Scam is deeply unpopular, which is why Republicans made every effort to advance it during the dead of night. For more than 28 hours, beginning with Rules Committee Ranking Member Jim McGovern, Democrats forced Republicans to debate this toxic legislation before the American people. This fight is just beginning, and House Democrats will continue to use every tool at our disposal to ensure that the GOP Tax Scam is buried deep in the ground, never to rise again.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Rep. Moore Votes “Yes” on One Big Beautiful Bill

    Source: United States House of Representatives – Representative Riley Moore (WV-02)

    Washington, D.C. – This morning, the House of Representatives passed H.R. 1, the One Big Beautiful Bill Act. Congressman Riley M. Moore voted “Yes” on the legislation, and earlier this morning spoke in favor of it on the House floor.

    Congressman Moore issued the following statement:

    “77 million Americans demanded generational change in November. Today, House Republicans delivered on that mandate from the American people.

    “Our One Big Beautiful Bill delivers major victories for the American people:

    “It unleashes American energy like never before, repeals billions in subsidies for the Green New Scam, expedites permitting, and kills the radical EV mandates.

    “It delivers the largest tax cut in American history by making the 2017 tax cuts permanent, eliminates tax on tips and overtime, and slashes taxes on Social Security payments.

    “It sends critical resources to immigration authorities for border security and large-scale deportation efforts, finishes construction of the border wall, invests in 21st-century defense systems like the Golden Dome, restores America’s maritime dominance, and upgrades the nation’s air traffic control system.

    “It invests in the American family by expanding the child tax credit, enhances the adoption tax credit, establishes federal savings accounts for new babies, defunds big abortion, and ends government funding for all sex-change surgeries.

    “This bill delivers for West Virginia and the American people. We strengthened Medicaid for those who need it, cut spending by over $1.5 trillion, and will soon see our economy enter a new Golden Age. I’m proud to have voted “Yes” today, and urge the Senate to quickly pass this legislation and send it to President Trump for signature.”

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Rep. Brian Babin Backs President Trump’s Bold ‘Big Beautiful Bill’ to Restore American Prosperity and Security

    Source: United States House of Representatives – Representative Brian Babin (R-TX)

    WASHINGTON, D.C. – U.S. Congressman Brian Babin (TX-36) cast his vote today in support of President Donald J. Trump’s “One, Big, Beautiful Bill,” a legislative package that secures critical wins for the American people and reasserts House Republican’s America First agenda.

    “President Trump promised to fight for working Americans, and this bill proves he’s delivering,” said Rep. Babin. “It takes the boot off the neck of our small businesses, puts more money in the pockets of our families, and restores sanity to our border and welfare programs. This is exactly the kind of leadership our country has been waiting for. For the past four years, American families have been squeezed by out-of-control inflation, reckless spending, and open border chaos. This bill is a major step in reversing the damage and returning power to the people. With Republicans back in charge, we’re restoring hope and rebuilding strength.”

    Key provisions of the bill include:

    • Preventing a looming tax hike by locking in the Trump tax cuts of 2017;
    • Cutting taxes on tips, overtime, and auto loan interest so that hardworking Americans keep more of their paycheck;
    • Providing meaningful tax breaks for retirees;
    • Redirecting taxpayer dollars away from Planned Parenthood and toward real health care options that value life;
    • Ending taxpayer-funded transgender procedures under Medicaid and rooting out fraud by creating work requirements and tightening eligibility—removing over 1.4 million illegal aliens from the program;
    • Canceling Biden’s radical EV mandate and repealing the Inflation Reduction Act’s special interest tax breaks;
    • Encouraging responsibility through stronger SNAP work requirements;
    • Delivering serious resources for the border, empowering DHS, Border Patrol, and Tom Homan’s team to get the job done and protect our nation.

    The House passage of the “Big Beautiful Bill” marks a major milestone in the conservative comeback. Congressman Babin urges the Senate to act quickly and send this bill to President Trump’s desk.

    MIL OSI USA News –

  • MIL-OSI USA: Rep. Cuellar Votes NO on Partisan Budget Bill

    Source: United States House of Representatives – Congressman Henry Cuellar (TX-28)

    Today, Congressman Henry Cuellar, Ph.D. (TX-28), voted against the partisan budget bill, expressing concern that the legislation would raise costs for working families and make deep cuts to essential programs – including Medicaid, the Supplemental Nutrition Assistance Program (SNAP), which includes school meals, and health coverage for millions of Americans.

    “I voted against this bill because I believe it would harm families in my district,” said Rep. Cuellar. “No fiscally responsible budget adds $3.8 trillion to the national debt. That’s just not sustainable. I’ve supported responsible tax cuts in the past to help working families and small businesses. But that’s not what this bill does. It shifts the burden onto families who are just trying to get ahead while giving the biggest breaks to those who need them the least.”

    Rep. Cuellar continued: “According to estimates, more than 43,000 people in my district could lose their health coverage – 34,000 through the Affordable Care Act and another 9,000 through Medicaid. Similarly, over 3.4 million Texans rely on SNAP to put food on the table. With 17% of Texas households already facing food insecurity, we can’t afford to cut back on school meals or nutrition assistance.

    “These aren’t just numbers – they represent families, children, seniors, and individuals with disabilities who rely on these programs to get by. This is in addition to new tariffs driving up prices on groceries, clothing, home goods, and essential supplies families rely on every day.”

    Rep. Cuellar also raised concerns about the process used to draft and pass the legislation. “They held the final committee hearing at one o’clock in the morning,” he added. “The final version of the bill was over a thousand pages long, and members had just a few hours to review it – with amendments still being written late into the night. That kind of rushed process limits accountability and makes it harder to ensure the final product works for the folks we represent.”

    The bill is projected to raise taxes on low-income households, reduce Medicaid and SNAP funding by hundreds of billions of dollars, and remove key protections that help patients afford care. It would also limit states’ ability to respond to health emergencies and reduce provider funding that rural hospitals, nursing homes, and community clinics rely on to stay open.

    “This bill doesn’t reflect the values of Texas or the needs of working families,” Rep. Cuellar concluded. “People in South Texas aren’t asking for special treatment, just a fair shot. That means protecting health care, investing in kids, and making sure tax policy is responsible and balanced.”

    ###

    El diputado Cuellar vota NO al proyecto de presupuesto partidista

    Washington, D.C. – Hoy, el congresista Henry Cuellar, Ph.D. (TX-28), votó en contra del proyecto de presupuesto partidista, expresando su preocupación de que la legislación aumentaría los costos para las familias trabajadoras y haría profundos recortes a programas esenciales – incluyendo Medicaid, el Programa de Asistencia Nutricional Suplementaria (SNAP), que incluye comidas escolares, y la cobertura de salud para millones de estadounidenses.

    “Voté en contra de este proyecto de ley porque creo que perjudicaría a las familias de mi distrito”, dijo el representante Cuellar. “Ningún presupuesto fiscalmente responsable añade 3,8 billones de dólares a la deuda nacional. Eso no es sostenible. He apoyado recortes de impuestos responsables en el pasado para ayudar a las familias trabajadoras y las pequeñas empresas. Pero eso no es lo que hace este proyecto de ley. Transfiere la carga a las familias que sólo intentan salir adelante, mientras que da las mayores exenciones a quienes menos las necesitan.”

    El diputado Cuéllar continuó “Según las estimaciones, más de 43.000 personas en mi distrito podrían perder su cobertura de salud – 34.000 a través de la Ley de Asistencia Asequible y otros 9.000 a través de Medicaid. Del mismo modo, más de 3,4 millones de tejanos dependen de SNAP para poner comida en la mesa. Con el 17% de los hogares de Texas ya se enfrentan a la inseguridad alimentaria, no podemos darnos el lujo de recortar en las comidas escolares o asistencia nutricional.”

    “No son sólo números: son familias, niños, ancianos y personas con discapacidad que dependen de estos programas para salir adelante. Esto se suma a los nuevos aranceles que hacen subir los precios de los comestibles, la ropa, los artículos para el hogar y los suministros esenciales de los que dependen las familias cada día.”

    El representante Cuellar también expresó su preocupación por el proceso utilizado para redactar y aprobar la legislación. “Celebraron la audiencia final del comité a la una de la madrugada”, añadió. “La versión final del proyecto de ley tenía más de mil páginas, y los miembros tuvieron sólo unas pocas horas para revisarlo, con enmiendas que se seguían escribiendo hasta altas horas de la noche. Ese tipo de proceso apresurado limita la responsabilidad y hace más difícil garantizar que el producto final funcione para la gente a la que representamos.”

    El proyecto de ley aumentaría los impuestos a las familias con rentas bajas, reduciría la financiación de Medicaid y SNAP en cientos de miles de millones de dólares y eliminaría protecciones clave que ayudan a los pacientes a costearse la atención sanitaria. También limitaría la capacidad de los estados para responder a emergencias sanitarias y reduciría la financiación de proveedores de la que dependen hospitales rurales, residencias de ancianos y clínicas comunitarias para permanecer abiertos.

    “Este proyecto de ley no refleja los valores de Texas ni las necesidades de las familias trabajadoras”, concluyó el diputado Cuéllar. “La gente del sur de Texas no está pidiendo un trato especial, sólo una oportunidad justa. Eso significa proteger la asistencia sanitaria, invertir en los niños, y asegurarse de que la política fiscal es responsable y equilibrada.”

    ###

    MIL OSI USA News –

  • MIL-OSI USA: House Passes President Trump’s America First Agenda

    Source: United States House of Representatives – Congressman Rick Allen (R-GA-12)

    Today, the U.S. House of Representatives passed H.R. 1, the One Big Beautiful Bill Act. After voting in support of the bill, Congressman Rick W. Allen (GA-12) issued the following statement:

    “House Republicans have met the moment before us with passage of today’s historic legislation. Through months of hard work, valuable input from all Members of our conference, and a clear mandate from 77 million Americans—the House has delivered the people’s agenda,” said Congressman Allen. “The One Big Beautiful Bill Act codifies President Trump’s priorities by providing resources to secure the border, making a generational investment in America’s defense, bolstering domestic energy dominance, avoiding the largest tax hike in history, and protecting our most vulnerable communities. My colleagues in the Senate must move expeditiously in passing our bill and sending it to President Trump’s desk. The sooner this legislation is signed into law, the sooner our economy will experience record growth and American families, workers, and businesses will see the relief they have long deserved.”

    THE ONE BIG BEAUTIFUL BILL ACT:

    • Makes the 2017 Trump tax cuts permanent – protecting the average taxpayer from a 22% tax hike.
      • The average taxpayer in GA-12 would see a 24% tax hike if the Trump Tax Cuts expire.
      • A family of 4 making $60,966, the median income in GA-12, would see a $1,160 tax increase if the Trump Tax Cuts expire.
      • Over 6,000 family-owned farms in GA-12 would have their death tax exemption slashed in half next year if the Trump Tax Cuts expire.
    • Delivers on President Trump’s priorities of no tax on tips, overtime pay, and car loan interest, and provides additional tax relief for seniors. 
    • Provides funding for 10,000 new Immigration and Customs Enforcement (ICE) personnel.
    • Provides an effective border wall system, specifically:
      • Completion of 701 miles of primary wall.
      • Construction of 900 miles of river barriers.
      • 629 miles of secondary barriers.
      • Replacement of 141 miles of vehicle and pedestrian barriers.
    • Rescinds wasteful Inflation Reduction Act (IRA) spending which led to runaway inflation.
    • Streamlines processes for developing energy infrastructure which will unleash American energy, help secure affordable and reliable energy for Americans, and support exporting energy to aid our allies.
    • Ensures that Medicaid only pays for American citizens and legal immigrants by strengthening citizenship verifications to determine eligibility, saving tens of billions of dollars.
    • Increases personal accountability to help lift Americans out of poverty by establishing work requirements in Medicaid for able-bodied adults who do not have dependent children or elderly parents in their care.
    • Strengthens accountability for students and taxpayers, streamlines student
      loan options, and simplifies student loan repayment.

    BACKGROUND: The One Big Beautiful Bill Act, otherwise known as the reconciliation bill, is a combination of individual bills advanced by 11 House committees as instructed by the Republican Budget Framework. Congressman Allen sits on two of the 11 committees, the House Energy and Commerce Committee and the House Education and Workforce Committee, in which he played an integral role in crafting and advancing the language under each committee’s jurisdiction. Legislation brought to a vote under the reconciliation process in the United States Senate only requires a simple majority vote.

    MIL OSI USA News –

  • MIL-OSI USA: House Republicans Pass President Trump’s ‘Big Beautiful Bill’ – U.S. Representative Barry Loudermilk

    Source: United States House of Representatives – Representative Barry Loudermilk (R-GA)

    Rep. Barry Loudermilk (GA-11) issued the following statement on the House of Representatives passage of the One Big, Beautiful Bill Act.

    “Today, my Republican colleagues and I passed President Trump’s One Big, Beautiful Bill Act — a historic win for the American people. An extensive amount of work went into this legislation, which will extend tax cuts for hard-working Americans, unleash American energy stifled by the Democrats’ Green New scam, and provide much-needed support for our brave Border Patrol agents. This bill also gives the administration the tools to investigate, expose and cut fraud, waste, and abuse within federal government agencies, while protecting the core services that many Americans rely upon.

    “This is an historic bill aimed at delivering on the mandate the American people gave us in November. Republicans have ensured that Americans can keep more of what they earn, and pay lower prices for food and gas, as a result of our pro-energy approach. Americans can also expect a return to a safer nation, as we equip Border Patrol and Homeland Security with the tools needed to expel foreign terrorists and criminals — and to keep them from returning. The Big, Beautiful Bill is the pro-family, pro-America policy needed to restore American excellence at home and abroad.”

    Background

    Border Security

    • Provides funding for 10,000 new Immigration and Customs Enforcement personnel.
    • Provides funding for detention capacity sufficient to maintain an average daily population of at least 100,000 aliens.
    • Provides funding for at least one million annual removals.
    • Introduces a new series of fees that provide funding and resources to various agencies.
    • Funds the hiring of 10,000 new ICE agents and Homeland Security Investigations (HSI) criminal investigators
    • Codifies permanent fees for immigration services, to ensure cost recovery and reduce the federal deficit.

    • Provides $12 billion to reimburse states for actions taken to deter, mitigate, or prevent unlawful or illicit activities related to border security.

    Permanent Extension of Tax Cuts and Jobs Act

    • Makes the 2017 Trump-era tax cuts permanent – protecting the average taxpayer from a 22 percent tax hike.
    • Saves the average American family $1,700 – the equivalent of 9 weeks of groceries.
    • Increases real annual take-home pay for a median-income household with two children by roughly $4,000 to $5,000.
    • Raises annual real wages by $2,100 to $3,300 per worker.
    • Delivers on President Trump’s priorities of no tax on tips, overtime pay, or car loan interest, and provides additional tax relief for our seniors.

    • Repeals the requirement for firearm silencers and takes the manufacturer tax on silencers to $0
    • Locks in and boosts the doubled Child Tax Credit for more than 40 million families, and provides additional tax relief for American families.
    • Supports working families by expanding access to childcare and making the paid leave tax credit permanent.
    • Puts American families in control of their health care by expanding health savings accounts and cementing into law a Trump Administration policy that offers more choice and flexibility for health coverage options.
    • Starts building financial security for America’s children, at birth, with the creation of new savings accounts.

    Unleashes American Energy

    • Reinstates quarterly onshore oil and gas lease sales, generating $12 billion in revenue.
    • Mandates at least thirty lease sales in the Gulf of America over the next fifteen years, and six in the Cook Inlet, generating billions of dollars in new revenue.
    • Returns to reasonable oil and natural gas royalty rates.
    • Requires geothermal lease sales, generating $23 million in new revenue.
    • Resumes leasing for energy production in the National Petroleum Reserve in Alaska and the Arctic National Wildlife Refuge, generating over $1 billion in new revenue and savings.
    • Resumes coal leasing on federal lands.
    • Increases timber sales on federal lands and requires long-term timber contracts.

    MIL OSI USA News –

  • MIL-OSI USA: Rep. Mike Levin Slams Passage of GOP’s “Big Ugly Bill”

    Source: United States House of Representatives – Representative Mike Levin (CA-49)

    May 22, 2025

    Washington, D.C. — Today, Rep. Mike Levin (CA-49) released the following statement after voting against the so-called “Big Ugly Bill” being pushed by House Republicans and the Trump Administration:

    “I voted no because this bill is a disaster for working families. It would rip health care away from 14 million Americans—including over 25,000 in my district—by slashing Medicaid and imposing harsh work requirements. It would take food assistance away from up to 10 million Americans. It would drive up household energy bills, even as nearly 80 million Americans already struggle to pay for utilities.

    “And what’s all this pain for? To pay for giant tax breaks for billionaires like Elon Musk. Meanwhile, the rest of us will be left with a $3.8 trillion increase in the national debt, triggering deep, automatic cuts to Medicare and other vital programs.

    “President Trump and Speaker Johnson are once again putting billionaire donors ahead of everyday Americans—at the direct expense of children, seniors, veterans, and working families.

    “This fight is far from over. The bill still has to pass the Senate, and it’s likely to come back to the House. I urge the Senate to reject this cruel, backward legislation and stand up for the people we’re here to serve.”

    ###

    MIL OSI USA News –

  • MIL-OSI Australia: Townsville man fined for illegal dumping

    Source: Tasmania Police

    Issued: 22 May 2025

    The man received a hefty fine for unlawfully dumping the rubbish.

    DETSI investigates every case of illegal dumping.

    A man has received a hefty fine for unlawfully dumping rubbish in bushland in the Townsville Town Common Conservation Park.

    Remote cameras captured a ute with rubbish in the tray entering the conservation park on 16 March 2025. The vehicle was later captured leaving the conservation park with an empty tray.

    Rangers from the Department of the Environment, Tourism, Science and Innovation (DETSI) conducted a site inspection and discovered the waste, which included air-conditioning units, empty boxes and other general waste.

    Executive Director Waste and Enforcement Jackie McKeay said officers from DETSI’s Litter and Illegal Dumping Compliance Operations issued a show cause notice to the driver of the vehicle.

    “The man admitted that he dumped the waste in the conservation park, and he went back to clean it up,” Ms McKeay said.

    “He was issued with a Penalty Infringement Notice for $2,580. This fine is a reminder to Queenslanders that our remote cameras can be anywhere at any time.

    “We take a zero-tolerance approach to illegal dumping, and we investigate every report we receive.

    “Recently, the Queensland Government made it easier for people to report illegal dumping with the new Litter and Illegal Dumping Online Reporting System.

    “Unlawfully dumping waste is a pollution risk and a fire hazard, and it can harm our native animals.”

    People can report littering and illegal dumping to their local council or via the online reporting tool: Report it.

    MIL OSI News –

  • MIL-OSI Australia: $2 million to extinguish battery fire risk in Queensland

    Source: Tasmania Police

    Issued: 22 May 2025

    Sparked by the recent spike in battery fires, the Queensland Government has committed $2 million to put out the battery fire risk in Queensland by expanding collection points.

    With more than 200 battery-related fires in Queensland in the past year, the Local Government Battery Collection Program is part of the Queensland Government’s three-point plan to tackle battery safety.

    Grants of up to $100,000 are available for Queensland councils or groups of councils to expand battery collection points and provide safer and more convenient disposal of problem batteries that currently have limited options for disposal.

    By supporting Queensland councils to expand the number of collection points, this funding will not only make it safer and easier to properly dispose of batteries; but environmental risks and fires caused by battery combustion in council waste collection trucks and facilities will also be reduced.

    Executive Director at the Department of the Environment, Tourism, Science and Innovation Claire Andersen said the three-point plan addresses risks to human safety, council infrastructure and the environment.

    “Lithium-ion batteries power our everyday lives – from simple AA batteries to e-scooters to rechargeable toothbrushes.

    “But when disposed of incorrectly they can spark dangerous fires that put lives at risk, shut down essential services and leave councils and ratepayers footing the bill of costly damage and repairs.

    “With the increase in battery fires over the past year, it was clear that urgent action was needed – so we quickly established our three-point plan which is rolling out now.

    “This is an integral aspect of this plan; these grants are available to all Queensland councils or groups of councils to expand their battery collection points.

    “Not only are we funding battery collection expansion, but we are also working with industry to implement strategies and powering up public awareness and education.

    “Our message is simple: don’t bin your batteries.”

    To find your nearest battery collection point visit: www.recyclemate.com.au

    For more information on the Local Government Battery Collection Program or to make an application, click here.

    Media contact:                 DETSI Media Unit on (07) 3339 5831 or media@des.qld.gov.au

    MIL OSI News –

  • MIL-OSI Security: Americus Man Sentenced to Prison for Illegally Possessing Firearms

    Source: Office of United States Attorneys

    Under Investigation for Fentanyl Distribution, Armed Defendant Attempted to Evade Police

    ALBANY, Ga. – An Americus, Georgia, resident who was under investigation for distributing fentanyl in the community was sentenced to federal prison for illegally possessing several firearms in furtherance of a drug trafficking crime as he attempted to evade arrest.

    Juan Antonious Boone, 36, of Americus, Georgia, was sentenced to serve 181 months in prison to be followed by three years of supervised release by Chief U.S. District Judge Leslie Abrams Gardner on May 21. Boone previously pleaded guilty to one count of possession of a firearm by a convicted felon and one count of possession of a firearm in furtherance of a drug trafficking crime on Oct. 9, 2024. There is no parole in the federal system.

    “Armed repeat felons distributing fentanyl and other dangerous illegal substances will find their cases in federal court,” stated Acting U.S. Attorney C. Shanelle Booker. “We are grateful that no one was injured when the defendant recklessly sped away in his car while attempting to evade arrest. I want to thank the teams from the Americus Police Department, GBI and ATF for helping us hold the defendant accountable for his crimes and their tireless efforts to make our communities safer.”

    “Let me be clear—if you’re a convicted felon pushing fentanyl and carrying illegal firearms, the ATF will find you, and you will face the full force of federal prosecution,” said ATF Assistant Special Agent in Charge Beau Kolodka of the Atlanta Field Division.

    “Fentanyl distribution and armed criminal activity pose a grave threat to public safety,” said GBI Director Chris Hosey. “This sentencing sends a clear message: individuals who choose to traffic deadly drugs and illegally possess firearms will be met with the full force of the law. We remain steadfast in our mission to protect Georgia communities through strong partnerships and relentless investigative work.”

    “The Americus Police Department appreciates the teamwork between local, state and federal law enforcement partners that helps to get dangerous criminals like this off our streets. We are all in the fight together against violent offenders who are flooding our streets with fentanyl and other dangerous narcotics,” said Americus Police Chief Mark Scott.

    According to court documents and statements made in court, the Georgia Bureau of Investigation (GBI) utilized a confidential informant (CI) between June 13, 2023, and Aug. 7, 2023, to purchase small quantities of narcotics, including fentanyl, from Boone in the Americus area. On Jan. 8, 2024, GBI conducted surveillance of Boone at the Days Inn in Americus as he departed the hotel. Boone, who was wanted on an active probation warrant, was pulled over by Americus Police Department (APD) officers. Rather than exiting the vehicle as instructed, Boone placed the vehicle in drive and drove away at a high speed, almost striking an APD officer. APD officers pursued Boone to a nearby apartment complex; when he got to a dead-end, he got out of the car and ran away. Boone had a firearm in his hand and one in his waistband; he was safely apprehended. Boone, who has several felony convictions, was illegally possessing two stolen 9mm pistols. Inside his car, police found approximately 24 grams of fentanyl, 79.743 grams of methamphetamine, 251 grams of cocaine, a large quantity of marijuana and a 9mm semiautomatic pistol. Boone has several prior felonies, including two convictions for possession of a firearm by a convicted felon and a conviction for possession of a firearm during the commission of a felony.

    This case 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 case was investigated by the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF), the Georgia Bureau of Investigation (GBI) and the Americus Police Department (APD).

    Assistant U.S. Attorney Matthew Redavid prosecuted the case for the Government.

    MIL Security OSI –

  • MIL-OSI Security: Former IRS Employee Ordered to Repay Funds From PPP Loan Fraud

    Source: Office of United States Attorneys

    FORT WAYNE – Rakita Davis, 45 years old, of Fort Wayne, Indiana, was sentenced by United States District Court Chief Judge Holly A. Brady after pleading guilty to federal felonies for wire fraud, announced Acting United States Attorney Tina L. Nommay.

    Davis was sentenced to 24 months of probation and ordered to pay $55,213.61 in restitution to the Small Business Administration.

    According to documents in the case, Davis falsely claimed gross income for a business that did not exist when she applied for two Paycheck Protection Program (PPP) loans in 2021. The PPP program provided loans to small businesses for job retention and other expenses as part the CARES Act and for emergency financial assistance to Americans suffering from the economic impact of the COVID-19 pandemic. Davis, who was employed by the IRS when she applied for the loans, falsely claimed that she was the sole proprietor of a catering business when in reality, no such business existed. As a result of her fraudulent representations, Davis received PPP funds which she used for her own benefit on personal items such as jewelry, airfare, luxury car rentals, and vacations.

    “This sentencing demonstrates the commitment of the Treasury Inspector General for Tax Administration (TIGTA) to investigate and bring to justice those who victimize the American taxpayer,” said Kelly Moening, TIGTA Special Agent-in-Charge. “Fraudulently applying for loans through a federal program meant to assist Americans in need will be met with aggressive investigation and prosecution. I want to thank our law enforcement partners and the U.S. Attorney’s Office for their commitment to this goal.”  

    This case was investigated by the United States Treasury Inspector General for Tax Administration with assistance from IRS Criminal Investigation.  The case was prosecuted by Assistant United States Attorney Justin C. Sheridan.

    MIL Security OSI –

  • MIL-OSI Security: Two Money Couriers for Colombian-Based Drug Money Laundering Organization Sentenced

    Source: Office of United States Attorneys

    BOSTON – Two Jamaican nationals were sentenced yesterday in federal court in Boston for their involvement in a sophisticated international money laundering organization that laundered more than $6 million in drug trafficking proceeds from Colombian cartels through the United States, Caribbean and European banking systems.

    St. Devon Anthony Cover, 61, was sentenced by U.S. District Court Judge Richard G. Stearns to 42 months in prison. In January 2025 Cover was convicted of one count of money laundering conspiracy and seven counts of laundering of monetary instruments. Dennis Raymond Rowe, 60, was sentenced by U.S. District Court Judge Richard G. Stearns to 52 months in prison. In January 2025 Rowe was convicted of one count of money laundering conspiracy, one count of money laundering and two counts of laundering of monetary instruments. Both defendants are subject to deportation upon completion of their imposed sentences.

    The defendants were among 20 individuals from Colombia, Jamaica and Florida who were indicted by a federal grand jury in May 2022 in connection with the money laundering conspiracy.

    Over the course of the investigation, $1 million was seized from corporate bank accounts and other investigative activity. Nearly 3,000 kilograms of cocaine – with a street value of over $90 million – was traced back to the money laundering organization. This includes approximately 1,193 kilograms of cocaine seized at sea 60 miles south of Jamaica in July 2019, as well as 1,555 kilograms of cocaine seized in nine scrap metal shipping containers at the Port of Buenaventura, Colombia in March 2019.

    In or about October 2016, law enforcement began an investigation into a sophisticated money laundering organization located primarily in Barranquilla, Colombia. During an extensive five-year investigation, the organization laundered over $6 million in drug proceeds through intermediary banks in the United States, including banks in Massachusetts, as well as additional proceeds through banks in the Caribbean and Europe by use of the Colombian Black Market Peso Exchange (BMPE). By using the BMPE, the defendants and their co-conspirators sought to conceal drug trafficking activity and proceeds from law enforcement as well as evade currency exchange requirements in the United States and Colombia through the illegal currency exchange process. As part of the conspiracy, members of the organization held roles and responsibilities relative to the needs and opportunities of the scheme, such as drug suppliers, peso brokers, money couriers and business owners/dollar purchasers.

    Through the BMPE, Colombian drug trafficking organizations with drug proceeds generated in the United States use third parties – generally referred to as “peso brokers” that are also based in Colombia – who agree to exchange Colombian pesos they control for the drug supplier’s dollar proceeds. Peso brokers then use money couriers in the United States and elsewhere to physically secure the drug proceeds, often in suitcases or bags on the street, and transfer the proceeds into the United States banking system. To avoid detection, peso brokers deposit the drug proceeds into bank accounts in company or individual names intended to appear as legitimate business activity, or through multiple small deposits into different bank accounts which are then consolidated into larger accounts. As a result, Colombian peso brokers control a pool of drug-derived proceeds in United States bank accounts. These dollar proceeds are then purchased by individuals or companies in Colombia seeking to exchange pesos for United States dollars at a favorable exchange rate and in a manner that avoids currency exchange and income reporting requirements. The dollar drug proceeds are transferred at the direction of the purchaser, and often end up in bank accounts of individuals or companies who appear to have no direct involvement in drug trafficking crimes.

    During the course of the conspiracy, Cover laundered approximately $268,000 and Rowe laundered over $600,000 by delivering bulk cash drug proceeds to undercover law enforcement.

    United States Attorney Leah B. Foley; Stephen Belleau, Acting Special Agent in Charge of the Drug Enforcement Administration, New England Field Division; Thomas Demeo, Acting Special Agent in Charge of the Internal Revenue Service Criminal Investigation, Boston Field Office; Aura Liliana Trujillo Rojas, Delegate for Criminal Finance for the Colombian Attorney General’s Office; Ricardo Sánchez Silvestre, Brigadier General of the Colombian National Police Anti-Narcotics Directorate; Jervis Moore, Chief of the Narcotics Division for the Jamaica Constabulary Force; and Colonel Geoffrey Noble of the Massachusetts State Police made the announcement. The Justice Department’s Office of International Affairs and the Criminal Division’s Narcotic and Dangerous Drug Section’s Office of the Judicial Attaché in Bogotá, Colombia provided significant assistance in securing the arrests and extraditions of Cover, Rowe, and other co-defendants from Colombia and Jamaica. Assistant U.S. Attorneys Jared C. Dolan and Alathea E. Porter of the Criminal Division are prosecuting the case.

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

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

    MIL Security OSI –

  • MIL-OSI: Synchronoss Personal Cloud Enhances Genius AI Functionality and Adds New Features to Significantly Improve Photo Discovery and Engagement

    Source: GlobeNewswire (MIL-OSI)

    BRIDGEWATER, N.J., May 22, 2025 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (“Synchronoss”) (NASDAQ: SNCR), a global leader and innovator in personal cloud platforms, today announced the release of Synchronoss Personal Cloud 25.5, introducing new AI-powered capabilities and enhanced user experiences, including:

    • Enhanced photo editing, with new styles and transformations that inspire joy and spark creativity
    • AI-curated personalized memories with auto-styled photos
    • Innovative timeline comparisons with personalized “Then and Now” photos
    • GPS-Integrated photo view

    New Features Reimagine Memory Discovery

    Built on Synchronoss Genius AI, the latest update delivers a personalized and intelligent way for users to creatively engage with, relive, and enhance their most meaningful memories.

    • Stylized Moments, now more dynamic, selects eligible photos and automatically applies artistic effects, prompting users with a preview notification and allowing easy interaction to relive or share those moments.
    • Locations Map organizes photos and videos by geographic data, displaying them across an interactive world map. From family vacations to milestone road trips, users can browse memories spatially, making rediscovery feel like time travel.
    • Then and Now presents pairs of photos across years, creating meaningful side-by-side retrospectives, like the first day of kindergarten versus the first day of middle school.

    “The new functionality in Synchronoss Personal Cloud directly addresses the challenge of digital content overload, making it easier than ever for users to find and enjoy the photos that matter most, which often get lost within ever-growing photo libraries,” said Jeff Miller, President and CEO of Synchronoss. “By intelligently indexing, categorizing, and providing AI-powered creative tools and features, Synchronoss is enabling users to unlock and relive the hidden value within their digital lives.”

    Powering Global Cloud Innovation

    These features reflect Synchronoss’ continued investment in AI innovation and its commitment to empowering users to protect and personalize their digital lives. Synchronoss Personal Cloud is currently deployed by tier-one global carriers and supports over 11 million subscribers worldwide.

    About Synchronoss

    Synchronoss Technologies (Nasdaq: SNCR), a global leader in personal Cloud solutions, empowers service providers to establish secure and meaningful connections with their subscribers. Our SaaS Cloud platform simplifies onboarding processes and fosters subscriber engagement using artificial intelligence (AI), machine learning and other advanced features, resulting in enhanced revenue streams, reduced expenses, and faster time-to-market. Millions of subscribers trust Synchronoss to safeguard their most cherished memories and important digital content. Explore how our Cloud-focused solutions redefine the way you connect with your digital world at www.synchronoss.com.

    Media Relations Contact:
    Domenick Cilea
    Springboard
    dcilea@springboardpr.com

    Investor Relations Contact:
    Brian Denyeau / Ryan Gardella
    ICR INC.
    brian.denyeau@icrinc.com
    ryan.gardella@icrinc.com

    The MIL Network –