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Category: Transport

  • MIL-OSI Africa: CORRECTION: Mauritania Moves to Private Power Model, Set to Receive Independent Power Producer (IPP) Bids Within Weeks

    Source: Africa Press Organisation – English (2) – Report:

    PARIS, France, May 14, 2025/APO Group/ —

    Mauritania is accelerating its shift toward a fully privatized power generation model, with bids due in the next two to three weeks for a new independent power plant tied to the Greater Tortue Ahmeyim (GTA) gas project. The country’s Minister of Petroleum and Energy, Mohamed Ould Khaled, made the announcement at the Invest in African Energy 2025 Forum in Paris on Tuesday.

    “All new power generation projects in Mauritania will be private. State-owned companies will no longer be involved in power generation,” said the Minister. He added that two projects currently being developed as IPPs will be fueled by domestic gas and will contribute a combined 550 MW to the national grid over the next couple of years.

    The power sector reform is part of a wider transformation aimed at enabling Mauritania to harness its significant gas and renewable energy resources to power industrialization, expand electricity access and drive inclusive growth.

    “We want to develop large-scale natural gas and renewable energy resources. We want to expand affordable, clean power access to our people and industries and power inclusive economic growth, especially to unleash our mining potential.” 

    Mauritania currently has 57% energy access and aims to achieve full national coverage by 2030, according to the Minister. Gas from the GTA project – shared with Senegal – will play a central role in this transition, supplying enough fuel for a 250 MW combined-cycle power plant in each country during the project’s first phase, he said.

    The Minister described Mauritania as uniquely positioned for energy leadership on the continent and beyond, citing its combination of gas, solar, wind and strategic proximity to Europe. He also highlighted Mauritania’s position as the African leader in green hydrogen project development, backed by newly modernized regulatory frameworks.

    “Mauritania holds the largest pipeline of green hydrogen projects in Africa, which are designed not only to export molecules, but to catalyze industrialization in Mauritania and decarbonize hard-to-abate sectors. We have the potential to produce 12 million tons of green hydrogen production per year, with wind speeds of 10 meters per second and amazing solar.”

    “To support this transformation, we have completely modernized our framework,” the Minister continued. “We have opened up the electricity sector to private investments, introduced a new local content policy, and implemented new PPP and investment codes. Additionally, we have launched Africa’s first green hydrogen code, which provides clarity and long-term stability for investors.”

    Looking ahead, Mauritania’s integrated energy vision includes the expanded development of the BirAllah gas field – another major deepwater discovery – along with subsequent phases of the GTA project to reach 10 million tons of LNG per year, cross-border electricity trade with neighboring countries and further development of its mining sector.

    MIL OSI Africa –

    May 15, 2025
  • Amit Shah lauds security forces for eliminating 31 Maoists

    Source: Government of India

    Source: Government of India (4)

    In a major breakthrough in the country’s fight against Maoist insurgency, security forces have eliminated 31 Naxalites in what has been termed the biggest-ever anti-Naxal operation in India. The 21-day-long joint operation was carried out at Karreguttalu Hill (KGH), situated along the Chhattisgarh-Telangana border—a region long considered a formidable stronghold of Naxal activity.
     
    Union Home Minister Amit Shah lauded the security forces for the historic success. In a post on X, he said the area once ruled by red terror now proudly hoists the Indian tricolour. He informed that KGH was previously the unified headquarters of major Naxal outfits including the PLGA Battalion 1, Dandakaranya Special Zonal Committee (DKSZC), Telangana State Committee (TSC), and the Central Regional Committee (CRC). It served as a critical center for Naxal training, strategy formulation, and arms production.
     
    The Home Minister highlighted that the operation, successfully concluded within 21 days, did not result in any casualties among the security personnel. He congratulated the CRPF, Special Task Force (STF), and District Reserve Guard (DRG) personnel for their courage in carrying out the mission under challenging weather and terrain conditions. He reaffirmed the government’s resolve to root out Naxalism under the leadership of Prime Minister Narendra Modi and reiterated that India is on track to become Naxal-free by March 31, 2026.
     
    Senior officials, including CRPF Director General Gyanendra Pratap Singh, Chhattisgarh Director General of Police Arun Dev Gautam, and Additional Director General (Anti-Naxal Operations) also briefed the media in Bijapur on the operation’s details. According to officials, 31 uniformed Naxalites—including 16 women—were killed, and 35 weapons were recovered following 21 encounters during the course of the mission. So far, 28 of the deceased have been identified, and a total bounty of ₹1.72 crore had been announced for them.
     
    The operation, which took place between April 21 and May 11, was the result of detailed intelligence gathering and strategic planning. Inputs received from multiple agencies led to the formation of a multi-agency team tasked with collecting and analyzing technical and human intelligence. Based on this intelligence, security forces were able to detect Maoist hideouts, locate arms caches, and recover a large cache of improvised explosive devices (IEDs), BGL shells, and other materials. Officials stated that the use of real-time information helped prevent multiple IED-related casualties.
     
    Karreguttalu Hill, a vast and difficult terrain measuring around 60 kilometers in length and up to 20 kilometers in width, had become a refuge for 300–350 armed Maoist cadres, including members of the PLGA’s technical department and allied units. Over the past two and a half years, the Naxalites had entrenched themselves in the area, prompting a need for a large-scale and carefully executed security response.
     
    During the course of the operation, security forces destroyed 214 hideouts and bunkers and recovered 450 IEDs, 818 BGL shells, 899 bundles of codex wire, detonators, and nearly 12,000 kilograms of food supplies. Additionally, four Naxal technical units engaged in the production of weapons and explosives were dismantled. Authorities believe that several senior Naxal cadres may have been killed or seriously injured, though the difficult terrain has hindered full recovery of all bodies.
     
    Despite daytime temperatures exceeding 45 degrees Celsius and treacherous terrain, the morale of the troops remained high. Eighteen personnel from the CRPF’s elite CoBRA unit, STF, and DRG sustained injuries, mostly due to IED blasts, but all are currently in stable condition and receiving treatment.
     
    The operation also reflects the broader success of the government’s ‘whole-of-government’ approach to combating Maoism, which combines robust security action with focused development initiatives in affected regions. Under the Home Ministry’s Joint Action Plan, new security camps have been established in strategic areas, and several central schemes are being implemented to bring development and governance to previously neglected regions.
     
    According to official data, 197 hardcore Naxalites have been neutralized in the first four months of 2025 alone. The number of most-affected districts has dropped from 35 in 2014 to just 6 in 2025. Naxal-related incidents have significantly declined from 1,080 in 2014 to 374 in 2024. Meanwhile, the number of security personnel killed annually in Maoist violence has decreased from 88 in 2014 to 19 in 2024. In the same period, the number of Naxalites killed in encounters has risen sharply, and the number of surrenders remains high, with 928 surrendering in 2024 and 718 so far in 2025.
     
    Infrastructure in affected areas has also seen considerable enhancement. Since 2019, over 320 security camps have been set up, along with 68 night-landing helipads. The number of fortified police stations has increased from 66 in 2014 to 555 by 2025.
    May 15, 2025
  • MIL-OSI USA: Cantwell Statement on the Passing of Rep. Phyllis Gutiérrez Kenney

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell
    05.14.25
    Cantwell Statement on the Passing of Rep. Phyllis Gutiérrez Kenney
    WASHINGTON, D.C. – Today, U.S. Senator Maria Cantwell (D-WA) released the following statement on the passing of former Washington State Representative Phyllis Gutiérrez Kenney:
    “Phyllis Gutiérrez Kenney was a dear friend and mentor to generations of legislators and Latino leaders who would come after her. We lost a true leader. Even before being elected to the State House, Phyllis’ mark was being felt across Central Washington as she worked to bring childcare and educational services to migrant children. In the legislature, she was a champion for education equity, leading the fight for a groundbreaking law to provide undocumented individuals educated in Washington State access to state tuition rates at our public colleges. Phyllis’ legacy will live on in the children she helped provide resources for and in the many legislators she mentored.”

    MIL OSI USA News –

    May 15, 2025
  • MIL-OSI USA: ICE Los Angeles announces 239 illegal aliens were arrested during recent operation

    Source: US Immigration and Customs Enforcement

    LOS ANGELES – U.S. Immigration and Customs Enforcement arrested 239 illegal aliens during a weeklong operation from May 4 to May 10 focused on bolstering public safety in the greater Los Angeles area.

    ICE Enforcement and Removal Operations and interagency partners, identified, detained and removed dangerous criminals throughout Los Angeles and surrounding cities. Criminal aliens in the U.S. illegally should utilize the CBP Home app to self-deport and avoid arrest by ICE.

    Among the criminal aliens arrested during the operation included:

    • Lan Pham, 49, of Vietnam, convicted involuntary manslaughter, assault with a deadly weapon, parole violations, drug violations and more.

    • Manuel Angel Rodriguez Martinez, 40, of El Salvador, accused of aggravated rape of a minor or incapacitated individual in the category of continuing crime in his home country.

    • Jorge Artero Meza-Rodriquez, 52, of Mexico, convicted of vehicle theft, assault with a deadly weapon and illegal reentry to the United States.

    • Sung Park, 52, of Korea, convicted of voluntary manslaughter.

    Several federal law enforcement agencies assisted ICE during the operation including the Drug Enforcement Administration, the FBI, the ATF, and the U.S. Marshals Service, along with state and local law enforcement partners.

    Members of the public can report crime and suspicious activity by calling 866-347-2423 or completing the online tip form. Follow us on X at @ICEgov to learn more about ERO’s missions and operations.

    Learn more about ICE Los Angeles’ mission to increase public safety in your community on X at @EROLosAngeles.

    Download b-roll of an arrest made during the operation.

    MIL OSI USA News –

    May 15, 2025
  • MIL-OSI Russia: 2 people killed, 17 injured in road accident in Kursk region of Russia – acting governor

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Moscow, May 14 (Xinhua) — Two people were killed and 17 others were injured in a collision between a bus and two cars on Wednesday near the village of Mikhailovka in the Zheleznogorsk district of Russia’s Kursk region, acting governor of the region Alexander Khinshtein said on his Telegram channel.

    “To our great sorrow, the drivers of both cars died. According to preliminary data, 17 people received injuries of varying severity, two people are in serious condition,” the statement said.

    “All victims are being sent to Zheleznogorsk and Kursk regional hospitals. All necessary assistance will definitely be provided,” said A. Khinshtein, adding that the circumstances of the accident are being established. –0–

    MIL OSI Russia News –

    May 15, 2025
  • MIL-OSI United Nations: 14 May 2025 Medical product alert Medical Product Alert N°3/2025: Falsified IMFINZI (durvalumab) injection 500mg/10ml

    Source: World Health Organisation

    Alert Summary

    This WHO Medical Product Alert refers to three batches of falsified IMFINZI (durvalumab) injection 500mg/10ml. The falsified products have been detected in the Islamic Republic of Iran and Türkiye. These falsified products were reported to WHO in March 2025.

    WHO previously issued Medical Product Alert N°5/2024 regarding another falsified batch of IMFINZI that was detected in Armenia, Lebanon, and Türkiye.

    IMFINZI is a sterile concentrate for infusion. It contains the active pharmaceutical ingredient durvalumab, which is a monoclonal antibody. As monotherapy, it is indicated for the treatment of Non-Small Cell Lung Cancer (NSCLC) in adults.

    How to identify these falsified products

    These products are falsified as they deliberately misrepresent their identity, composition, and source. The genuine manufacturer, AstraZeneca, has identified multiple visual discrepancies in the falsified products. AstraZeneca has confirmed that the products mentioned in this alert are indeed falsified.  Check for the following and see the Annex below for more details:

    • Lot BAZR – This is a genuine lot number for distribution only in India. The falsified product shows discrepancies in the packaging artwork and text placement, with some text missing.
    • Lot BBEG – This is a genuine lot number for distribution only in Egypt. The falsified product shows discrepancies in the packaging artwork and text placement, with some text missing. The product price (in Egyptian Pounds) is also missing.
    • Lot AVZT – This lot number is not recognized by the genuine manufacturer. Any IMFINZI product with this lot number is considered falsified.

    Risks

    These falsified products should be considered unsafe, and their use may be life-threatening in some circumstances. The use of these falsified IMFINZI injections may lead to ineffective or delayed treatment. It is important to detect and remove any falsified IMFINZI (durvalumab) injections from circulation to prevent harm to patients.

    Advice to health-care professionals, regulatory authorities and the public

    Health-care professionals should report any incident of adverse effects, lack of expected effects or suspected falsification to the National Regulatory Authorities or National Pharmacovigilance Centre.

    WHO advises increased surveillance and diligence within the supply chains of countries and regions likely to be affected by these falsified products. Increased surveillance of the informal/unregulated market is also advised. National regulatory authorities/health authorities/law enforcement are advised to immediately notify WHO if the falsified product is detected in their country. If you are in possession of any of these products, WHO recommends that you do not use them. If you, or someone you know, has, or may have used these products, or suffered an adverse event or unexpected side-effect after use, seek immediate medical advice from a health-care professional or contact a poisons control centre.

    All medical products must be obtained from authorized/licensed suppliers. If you have any information about the manufacture or supply of these falsified products, please contact WHO via rapidalert@who.int.

    Annex: Products subject to WHO Medical Product Alert N°3 /2025

    MIL OSI United Nations News –

    May 15, 2025
  • MIL-OSI USA: Governor Lamont Directs Flags To Half-Staff Thursday for Peace Officers Memorial Day

    Source: US State of Connecticut

    (HARTFORD, CT) – Governor Ned Lamont today announced that he is directing U.S. and state flags in Connecticut lowered to half-staff from sunrise to sunset on Thursday, May 15, 2025, in recognition of Peace Officers Memorial Day, a national observance paying tribute to local, state, and federal law enforcement officials who have died in the line of duty. It is recognized annually during National Police Week.

    “Entering a career in law enforcement takes a special kind of person who is so dedicated to their community that they are prepared at a moment’s notice to run into harm’s way in the name of public safety and for the protection of complete strangers,” Governor Lamont said. “Every single person in our state and our country benefits from the protection of police officers, and we owe it to them to show how grateful we are for their service and how much we respect them. On Peace Officers Memorial Day, we salute those law enforcement officers who have given their lives in the line of duty, and we keep in our hearts their families and loved ones. I urge everybody in Connecticut to thank our law enforcement officials and keep those we’ve lost in your prayers.”

    “Law enforcement officials epitomize what it means to be a public servant, working tirelessly to protect and serve their communities,” Lt. Governor Susan Bysiewicz said. “As we observe Peace Officers Memorial Day, let us remember those who have lost their lives in the line of duty. Their heroism will not be forgotten, and we owe a great debt of gratitude.”

    In accordance with the governor’s directive, flags will be at half-staff on the Connecticut State Capitol building and all other state-operated buildings, grounds, and facilities statewide. Individuals, businesses, schools, municipalities, and any other private entities and government subdivisions are encouraged to lower their flags for this same duration of time. Since no flag should fly higher than the U.S. flag, all other flags, including state, municipal, corporate, or otherwise, should also be lowered.

     

    MIL OSI USA News –

    May 15, 2025
  • MIL-OSI USA: Recognized Again Among Nation’s Best for Patient Experience

    Source: US State of Connecticut

    For the third consecutive year, the national health care consumer platform Healthgrades recognizes UConn’s John Dempsey Hospital with its Outstanding Patient Experience Award.

    In addition to her roles as UConn Health’s chief nursing officer and John Dempsey Hospital’s chief operating officer and vice president for quality and patient care services, Caryl Ryan is serving as the interim vice president for patient experience. (Tina Encarnacion/UConn Health)

    The distinction is a direct result of positive patient feedback in several critical areas of care, putting John Dempsey Hospital among the top 10% of hospitals nationwide for patient experience.

    “This recognition is based on an objective analysis of patient perceptions reflective of care received,” says Caryl Ryan, chief nursing officer and the UConn John Dempsey Hospital chief operating officer and vice president for quality and patient care services, who also is serving as interim vice president for patient experience. “The fact that our patients consistently recognize our overall clinical excellence is a tremendous honor and further validation of our efforts across the hospital to continue to deliver high-quality care to our patients.”

    UConn Health’s is one of only two hospitals in Connecticut to earn a 2025 Outstanding Patient Experience Award, and is the only hospital in the state to win it three years running.

    “This award is an affirmation of our outstanding commitment to meeting the needs of patients across a wide range of important aspects of health care,” says Dr. Scott Allen, UConn Health’s chief medical officer and the hospital’s medical director of clinical effectiveness and safety. “Being recognized three years in a row means that we are consistently patient-centric in our approach to patient care.”

    Dr. Scott Allen is UConn Health’s chief medical officer and the UConn John Dempsey Hospital medical director of clinical effectiveness and safety. (Tina Encarnacion/UConn Health photo)

    Each year, Healthgrades recognizes the top hospitals nationwide that provide an exceptional experience for their patients during their hospital stay. As part of its annual analysis, Healthgrades evaluated more than 3,000 hospitals that submitted at least 100 Hospital Consumer Assessment of Healthcare Providers and Systems surveys, covering admissions from January 2023 to December 2023.

    To determine the recipients of the Outstanding Patient Experience Award, Healthgrades applies a scoring methodology to 10 patient experience measures. These measures focus on patients’ perceptions of their hospital care, including staff communication, medication explanations, and cleanliness.

    “We commend John Dempsey Hospital for going above and beyond to ensure patients have the best possible experience during their hospital stay and recovery process,” says Dr. Debra Gradick, senior physician consultant at Healthgrades. “Better patient experiences lead to better health outcomes, which is why it’s so important for patients to choose a hospital that excels at providing high quality, compassionate care.”

    Learn more about Healthgrades’ methodology for its Outstanding Patient Experience Awards.

    In addition to annual patient experience accolades in the spring, Healthgrades announces top hospitals in more than 30 specialties in the fall. Last fall, John Dempsey Hospital Earned Five-Star Ratings In Four Areas: upper gastrointestinal surgery, treatment of pneumonia, treatment of pulmonary embolism, and treatment of sepsis.

    MIL OSI USA News –

    May 15, 2025
  • MIL-OSI: TMD Energy Limited Reports 2024 Full-Year Results

    Source: GlobeNewswire (MIL-OSI)

    Kuala Lumpur, Malaysia, May 14, 2025 (GLOBE NEWSWIRE) — TMD Energy Limited (NYSE: TMDE) (the “Company” or “TMDEL”), together with its subsidiaries (the “Group” or “TMDEL Group”) is a Malaysia and Singapore based service provider engaged in integrated bunkering services segment which involves ship-to-ship transfer of marine fuels, ship management services and vessel chartering services, today reported its financial results for the fiscal year ended December 31, 2024.

    Fiscal Year 2024 Financial Results Highlights

    • Group Revenue increased by 8.8% to $688.6 million in FY2024 from $633.1 million in FY2023.  Notably, revenue from our Bunkering Services Segment rose by $55.5 million.
    • Despite revenue grew by 8.8%, gross profit surged 32.7% to $16.0 million, with gross margin improving to 2.3% in FY2024 from 1.9% in FY2023.
    • Income from operations increased substantially by more than 130% to $6.0 million in FY2024 from $2.6 million in FY2023.
    • Net income remained stable at $1.9 million in FY2024, compared to $2.0 million for FY2023.

    Dato’ Sri Kam Choy Ho, Director and Chief Executive Officer of the Company commented, “In FY2024, the Company experienced sustainable revenue growth, primarily driven by the success of our Bunkering Services Segment.  Revenue notably increased by 8.8% in FY2024 to over $688 million, while net income remained stable at about $1.9 million, compared to $2.0 million a year earlier.”

    “The Bunkering Services Segment accounted for most of our revenue and net income, which benefited from improved operational efficiency and an expanding customer base. The redeployment of a vessel from vessel chartering services to the bunkering segment further enhanced our bunkering capacities, allowing us to better meet our client growing needs.”

    “Looking ahead, we recognize the importance of maintaining this momentum. Our focus will remain on optimizing balance sheet by enhancing our operational efficiencies and exploring new customer opportunities in the bunkering sector.  With our existing internal team of ship managers who are qualified professional mariners, we aim to continue growing our ship management revenue by targeting our existing bunkering client and external clients.  We’ll also maintain competitive pricing via our supplier leverage and transparent practices as we stay committed to leveraging our strengths to drive sustainable growth and deliver value to our stakeholders.”

    Financial Performance Overview

    Our Group reported an overall revenue of $688.6 million for FY2024, an increase of 8.8%, or equivalent to $55.5 million from $633.1 million in FY2023 due to rise in contribution from the Bunkering Services Segment.  This segment which contributed more than 99% of the Group’s revenue had enjoyed a 6.0% increase in the volume of oil cargo bunkered as our Group expanded its customer base.  Meanwhile, the Ship Management Segment had contributed the remaining $0.4 million of the Group’s revenue.

    We recorded an overall increase of 32.7% in our gross profit, or equivalent to $3.9 million, to $16.0 million for FY2024 from $12.1 million in FY2023.  As we strategically focus on penetrating new markets and expanding our customer base, we had managed to improve our gross profit margin from 1.91% in FY2023 to 2.33% in FY2024.

    General and administrative expenses had increased by $0.1 million in FY2024 to $5.2 million from $5.1 million as we participated in environmental, social and governance activities as part of our commitment to a sustainable green environment and incurring additional travelling expenses for our business expansion.

    Depreciation had increased by $0.5 million from $4.3 million in FY2023 to $4.8 million in FY2024 as we continued to maintain and dry-dock our vessels periodically to ensure their sea worthiness and condition when carrying out a safe and efficient bunkering operation.

    Interest expense had increased by $2.4 million to $4.6 million in FY2024, up from $2.2 million in FY2023 as higher volume of trade financing facilities were utilized to meet the increase in volume of oil cargo bunkered.

    Overall, net income remained stable at $1.9 million in FY2024, compared to $2.0 million for FY2023.

    About TMD Energy Limited

    TMD Energy Limited and its subsidiaries are principally involved in marine fuel bunkering services specializing in the supply and marketing of marine gas oil and marine fuel oil of which include high sulfur fuel oil, low sulfur fuel oil and very low sulfur fuel oil, to ships and vessels at sea. TMDEL Group is also involved in the provision of ship management services for in-house and external vessels, as well as vessels chartering. As of today, TMDEL Group operates in 19 ports across Malaysia with a fleet of 15 bunkering vessels. 

    For more information about our Company and its business activities, please visit our website at: www.tmdel.com.

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking statements, including but not limited to, the Company’s Offering.  These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, result of operations, business strategy and financial needs.  Investors can identify these forward-looking statements by words or phrases such as “may”, “could”, “will”, “should”, “would”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “project” or “continue” or the negative of these terms or other comparable terminology.  The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.  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 and encourages investors to review other factors that may affect its future results in the Company’s financial results filings with the SEC.

    For investor and media inquiries, please contact:

    TMD ENERGY LIMITED
    e-Mail : corporate@tmdel.com

    WFS INVESTOR RELATIONS
    e-Mail : services@wealthfsllc.com

    The MIL Network –

    May 15, 2025
  • MIL-OSI: Ellsworth Growth and Income Fund Ltd. (NYSE: ECF) Increases Quarterly Distribution 23% to $0.16 Per Share From $0.13 Per Share

    Source: GlobeNewswire (MIL-OSI)

    RYE, N.Y., May 14, 2025 (GLOBE NEWSWIRE) — The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (the “Fund”) declared a $0.16 per share cash distribution payable on June 23, 2025 to common shareholders of record on June 13, 2025. The $0.16 quarterly distribution is a 23% increase from $0.13 per share, bringing the annual distribution rate to $0.64 from $0.52 per share. The increase follows on the strength of the Fund’s market total return of 27% in 2024.

    The Fund intends to pay the greater of either an annual distribution of 5% of the Fund’s trailing 12-month average month-end market prices or an amount that meets the minimum distribution requirement of the Internal Revenue Code for regulated investment companies.

    Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the financial market environment. If necessary, the Fund pays an adjusting distribution in December, which includes any additional income and net realized capital gains in excess of the quarterly distributions. The Fund’s distribution policy is subject to modification or termination by the Board of Trustees at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

    All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently 20% in taxable accounts for individuals (or less depending on an individual’s tax bracket). In addition, certain U.S. shareholders who are individuals, estates or trusts and with income that exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their “net investment income”, which includes dividends received from the Fund and capital gains from the sale or other disposition of shares of the Fund.

    If the Fund does not generate earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.

    Long-term capital gains, qualified dividend income, investment company taxable income and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, each of the distributions paid in 2025 to common shareholders with respect to the Fund’s fiscal year ending September 30, 2025 would include approximately 19% from net investment income and 81% from net capital gains on a book basis. This information does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website. The final determination of the sources of all distributions in 2025 will be made after year end and can vary from the quarterly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2025 distributions in early 2026 via Form 1099-DIV.

    Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:

    Bethany Uhlein
    (914) 921-5546

    About Ellsworth Growth and Income Fund
    Ellsworth Growth and Income Fund Ltd. is a diversified, closed-end management investment company with $186 million in total net assets. ECF invests primarily in convertible securities and common stock with the objectives of providing income and the potential for capital appreciation, objectives the Fund considers to be relatively equal over the long-term due to the nature of the securities in which it invests. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

    NYSE American: ECF
    CUSIP – 289074106

    ELLSWORTH GROWTH AND INCOME FUND LTD.
    Investor Relations Contact:
    Bethany Uhlein
    914.921.5546
    buhlein@gabelli.com

    The MIL Network –

    May 15, 2025
  • MIL-OSI Economics: Reimagining WTO Dispute Settlement: a business case for mediation

    Source: International Chamber of Commerce

    Headline: Reimagining WTO Dispute Settlement: a business case for mediation

    Share this:

    Mediation: A forgotten piece in WTO dispute resolution

    Most trade frictions never reach WTO dispute settlement. Many business concerns – licensing delays, technical barriers or opaque procedures – disrupt trade but are too small, sensitive or costly to escalate to formal dispute settlement.

    That’s where alternative dispute resolution (ADR), and more specifically mediation, comes in. WTO rules already allow for it, but the tool has not been used, among other things, due to a lack of clear procedures.

    That’s changing.

    As part of the WTO reform process, WTO Members are discussing procedural rules to make mediation a workable option – and we can help accelerate this process by supporting governments willing to pilot mediation in practice.

    Why it matters

    For business

    Companies face real costs from unresolved trade frictions. Mediation offers a practical and quicker way to resolve issues – and businesses can help identify where it’s needed.

    For governments

    Mediation gives WTO Members a lower-risk, lower-cost path to resolve trade issues early. It is especially important for developing countries that may lack resources for litigation.

    The benefits of WTO mediation

    • Enables early, informal resolution of trade concerns
    • Reduces time, cost, and legal burden
    • Promotes cooperation—not confrontation
    • Offers a flexible and confidential process
    • No imposed ruling—outcomes are mutually agreed

    What we are doing

    ICC is advocating for the use of ADR, and in particular mediation within the WTO dispute settlement system as part of broader reform efforts. Drawing on ICC’s extensive experience as the world’s leading institution in cross-border dispute resolution, we’re supporting efforts to make mediation a practical option for resolving trade frictions more effectively.

    How you can get involved

    We are actively seeking companies with unresolved trade concerns who are willing to engage their governments in pilot mediation cases. These cases can help demonstrate how WTO mediation can deliver fast, practical outcomes and strengthen trust in the rules-based system.

    Contact Valerie Picard, Head of Trade, ICC, Valerie.Picard@iccwbo.org to learn more or explore a pilot case.

    Related publications

    MIL OSI Economics –

    May 15, 2025
  • MIL-OSI USA: Oregon Delegation: Seven Airports In State Earn More Than $22 Million in Federal Grants

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)
    May 14, 2025
    Airports in Portland, Hillsboro, Bend, Eugene, Corvallis, Burns and Joseph secure infrastructure investments
    Washington, D.C. – Oregon lawmakers today announced that seven airports in the Portland metro area, the Willamette Valley, Central Oregon and Eastern Oregon have secured about $22.7 million combined in federal grants for infrastructure improvements to taxiways, drainage, snow removal equipment and more.
    “These federal investments to modernize and improve airports large and small throughout our state benefit Oregonians relying on these facilities for their communities’ economic health and for everybody’s safety during wildfires and other emergencies,” Wyden said. “I’m gratified these resources are heading to Oregon, and I’ll keep battling to provide similar funds for airports all across our state.”
    “Oregon’s regional airports serve as vital hubs for our communities, including supporting local businesses and providing essential lifelines during natural disasters,” Merkley said. “This federal funding will allow several Oregon regional airports to tackle important projects like expanding taxiways, construction projects, and new equipment. I’ll continue to fight to ensure Oregon has the resources for safe and efficient travels for the folks who rely on Oregon’s airports.” 
    “I’m pleased to see that airports in NW Oregon and across the state are receiving federal investments to improve the reliability of our transportation system,” said Rep. Bonamici. “Because of these modernization projects, Oregonians and anyone traveling to our beautiful state for business or pleasure will be safer. I will continue to advocate for other important transportation and infrastructure projects that will help Oregonians and the Oregon economy thrive.”
    “Airports are vital infrastructure for our communities—supporting local economies, emergency response, and everyday travel for Oregonians,” said Rep. Hoyle. “I’m proud to see federal investments coming to Eugene and Corvallis to improve safety, modernize facilities, and prepare these airports for future growth. These upgrades will make a real difference for our region, and I’ll keep fighting for resources that strengthen our transportation and infrastructure.”
    “I’m glad to see these federal investments coming to airports across Oregon,” said Rep. Salinas. “Modernizing and improving Oregon’s airport infrastructure is critical to the safety and economic growth of communities both large and small. I’ll keep fighting to deliver the resources that Oregonians need and deserve.”
    “It’s important to me that as people come in and out of our beautiful state that we give them the best possible experience,” said Rep. Bynum. “This funding provides the resources to do just that, improving safety and reliability and helping Oregon airports modernize and grow. I was ecstatic to see this announcement, and I’ll always fight for projects that improve Oregonians’ quality of life.”
    “Investing in our airports means investing in the safety, connectivity, and economic strength of our communities,” said Rep. Dexter. “I’m thrilled that more than $15 million is headed to PDX. This funding—fueled by the Biden Administration’s historic infrastructure investments—is a clear example of what it looks like when the federal government shows up for local communities.” 
    The $22.7 million in airport improvement grants from the Federal Aviation Administration will be distributed as follows:
    $15.22 million to the Port of Portland for Portland International Airport to rebuild 2,700 feet of the existing paved taxiway A pavement that’s reached the end of its useful life.
    $3.14 million to the Port of Portland for Hillsboro Airport to build a new 1,300-foot taxiway K to reduce delays and accommodate more aircraft operations.
    $2.14 million to Bend Municipal Airport to rehabilitate 12,000 feet of the existing southwest, northwest, and west taxi lanes pavement to extend their useful lives.
    $1.66 million for Eugene’s Mahlon Sweet Airport to build new airfield drainage for wetland mitigation to bring the airport into conformity with current standards.
    $261,938 for Corvallis Municipal Airport to build a new 1,100-foot taxi lane to provide airfield access to a non-exclusive hangar development area to bring the airport into conformity with current standards.
    $215,000 for Burns Municipal Airport to acquire snow removal equipment.
    $76,000 to Joseph State Airport to reseal 5,210 feet of existing Runway 15/33 pavement and joints to extend its useful life. This project reseals 6,990 feet of the existing Taxiway A pavement and joints to extend its useful life.
    “Reconstructing and adding taxiways at PDX and Hillsboro Airport is vital to maintaining the transportation system that our region relies on,” said Curtis Robinhold, Executive Director of the Port of Portland. “We appreciate the continued support of Senators Wyden and Merkley on projects that help to ensure safe and efficient operations at our airports.”
    “Funding for this important airport capital improvement project will support asphalt patching, crack sealing and repair, surface sealing, and new painted striping on paved surfaces at the Bend Municipal Airport,” said Airport Manager Tracy Williams.
    “On behalf of the City of Burns and the Burns Municipal Airport, we sincerely appreciate the recent grant awarded by the Federal Aviation Administration for the acquisition of essential snow removal equipment,” said City Manager Judy Erwin. “This funding will significantly enhance our operational capabilities during the winter season, ensuring safer and more reliable service for all airport users. The support from the FAA continues to be instrumental in maintaining and improving the safety and efficiency of our airport infrastructure. This equipment will allow us to better serve general aviation, emergency services, and regional operations, especially during severe weather conditions.

    MIL OSI USA News –

    May 15, 2025
  • MIL-OSI USA: Fact Sheet: President Donald J. Trump Secures Historic $1.2 Trillion Economic Commitment in Qatar

    US Senate News:

    Source: The White House
    MAKING AMERICAN MANUFACTURING AND INNOVATION GREAT AGAIN: Today in Qatar, President Donald J. Trump signed an agreement with Qatar to generate an economic exchange worth at least $1.2 trillion. President Trump also announced economic deals totaling more than $243.5 billion between the United States and Qatar, including an historic sale of Boeing aircraft and GE Aerospace engines to Qatar Airways.   
    The landmark deals celebrated today will drive innovation and prosperity for generations, bolster American manufacturing and technological leadership, and put America on the path to a new Golden Age.
    Since President Trump took office, his commitment to American manufacturing and innovation has attracted trillions of dollars in investments and global commercial deals. Allies like Qatar are partnering in the United States’ success. 
    The following represent just a few of the many groundbreaking deals secured in Qatar:
    Boeing and GE Aerospace secured a landmark order from Qatar Airways, a $96 billion agreement to acquire up to 210 American-made Boeing 787 Dreamliner and 777X aircraft powered by GE Aerospace engines. This is Boeing’s largest-ever widebody order and largest-ever 787 order. This historic agreement will support 154,000 U.S. jobs annually, totaling over 1 million jobs in the United States during the course of production and delivery of this deal.
    McDermott has a strong partnership with Qatar Energy in advancing critical energy infrastructure, with seven active projects worth $8.5 billion. As the sole provider of offshore components for Qatar’s major LNG expansion, McDermott’s work directly supports thousands of U.S. energy sector jobs.
    Parsons has successfully won 30 projects worth up to $97 billion. These high-value engagements have fueled significant company growth, supporting thousands of jobs across the United States and reinforcing American leadership in cutting-edge engineering and innovation.
    Quantinuum finalized a Joint Venture Agreement with Al Rabban Capital, a prominent Qatari company, to invest up to $1 billion in state-of-the-art quantum technologies and workforce development in the United States, supporting U.S. jobs and leadership in this critical emerging technology.  

    Today’s signings mark President Trump’s intent to accelerate Qatar’s defense investment in the U.S.-Qatar security  partnership—enhancing regional deterrence and benefitting the U.S. industrial base.
    The defense deals secured today lock in Qatar’s procurement of state-of-the-art military equipment from two leading U.S. defense companies.
    Raytheon, an RTX business, secured a $1 billion agreement for Qatar’s acquisition of counter-drone capabilities, signed by the U.S. and Qatari governments. This deal establishes Qatar as the first international customer for Raytheon’s Fixed Site – Low, Slow, Small Unmanned Aerial System Integrated Defeat System (FS-LIDS) designed to counter unmanned aircraft. The deal directly supports high-skilled manufacturing and engineering jobs in the United States and reinforces America’s leadership in innovative defense technologies.
    General Atomics secured a nearly $2 billion agreement for Qatar’s acquisition of the MQ-9B remotely piloted aircraft system, signed by the U.S. and Qatari governments. This deal will strengthen the U.S.-Qatar bilateral relationship and provide the Qatari Armed Forces with the most advanced multi-mission remotely piloted aircraft in the world, powered by U.S. products made in America.
    The United States and Qatar also signed a statement of intent to further strengthen our security partnership, outlining over $38 billion in potential investments including support for burden-sharing at Al Udeid Air Base and future defense capabilities related to air defense and maritime security.

    These new agreements and instruments aim to drive the growth of the U.S.-Qatar bilateral commercial relationship, create thousands of well-paying jobs, and open new trade and investment opportunities for both countries over the coming decade and beyond.
     CATALYZING PROSPERITY THROUGH GREATER TRADE AND INVESTMENT: The United States and Qatar have a long history of trade and a strong commercial relationship, including significant long-term aviation, critical infrastructure, information technology, and consulting deals. 
    Qatar’s strategic goals outlined in Qatar National Vision 2030 create opportunities for U.S. businesses in multiple sectors.
    The United States had a $2 billion trade surplus with Qatar in 2024 and has had a positive trade balance with Qatar since 2003.
    In 2024, U.S.-Qatar trade totaled $5.64 billion, with $3.8 billion in U.S. exports and $1.8 billion in Qatari imports.
    Qatar’s greenfield investment in the United States totaled $3.3 billion in 2023, focused on hotels and tourism, information technology, advanced manufacturing, financial services, and oil and gas.

    This visit advances opportunities for U.S. companies to expand long-standing partnerships and for Qatari entities to embrace U.S. technologies, adopt best practices, and finalize new agreements for significant sales and investments.
    Qatar has made significant investments in the United States across hotels and tourism, financial services, technology, healthcare, and energy, with plans to invest even more over the next five years. These investments strengthen the U.S. economy by supporting good-paying jobs for millions of American workers, expanding U.S. exports, and funding research and development. 
    Qatar has the third largest proven reserves of natural gas in the world, and has invested in American energy infrastructure, directly contributing to U.S. energy security and industrial resilience.
    Starting in 2019, QatarEnergy initiated $18 billion in investments in the U.S. energy sector with ExxonMobil’s Golden Pass LNG Terminal ($10 billion) and Chevron Phillips Chemical’s Golden Triangle Polymers Plant ($8 billion), both located on the Texas Gulf Coast.

    Qatar is our 12th largest Foreign Military Sales partner with active cases valued at more than $26 billion.
    Qatar’s expansive investment in and trade with the United States contribute to U.S. and Qatari economic growth and prosperity, and Qatar’s choice of U.S. industry’s best-fit solutions supports the U.S. strategic goal of growing our industrial presence throughout the Gulf and the region as a whole.   
     THE ART OF THE DEAL: President Trump is securing billions in investments to revitalize American manufacturing, delivering on his promise to bring back “Made in America” and usher in a new Golden Age of prosperity.
    Today’s announcement builds on yesterday’s $600 billion investment commitment secured in Saudi Arabia.
    It also follows the announcement of an historic trade agreement with the United Kingdom and a joint agreement with China to reduce reciprocal tariffs. 
    By securing these investments, President Trump is spurring a manufacturing renaissance, driving economic growth, and creating high-paying jobs across the nation.
    Prior to this historic deal, President Trump had already attracted trillions in U.S.-based investments, laying the foundation for an era of unprecedented American prosperity.
    President Trump is building on his record of success with Qatar, exemplified by his leadership in the 2019 GE Aerospace GEnx engine sale to power Qatar Airways’ then-newly acquired Boeing 787-9 aircraft—a monumental purchase in the history of both companies.
    As the dealmaker in chief, President Trump’s latest achievement in Qatar is another win for America.

    MIL OSI USA News –

    May 15, 2025
  • MIL-OSI USA News: Fact Sheet: President Donald J. Trump Secures Historic $1.2 Trillion Economic Commitment in Qatar

    Source: The White House

    MAKING AMERICAN MANUFACTURING AND INNOVATION GREAT AGAIN: Today in Qatar, President Donald J. Trump signed an agreement with Qatar to generate an economic exchange worth at least $1.2 trillion. President Trump also announced economic deals totaling more than $243.5 billion between the United States and Qatar, including an historic sale of Boeing aircraft and GE Aerospace engines to Qatar Airways.   

    • The landmark deals celebrated today will drive innovation and prosperity for generations, bolster American manufacturing and technological leadership, and put America on the path to a new Golden Age.
    • Since President Trump took office, his commitment to American manufacturing and innovation has attracted trillions of dollars in investments and global commercial deals. Allies like Qatar are partnering in the United States’ success. 
    • The following represent just a few of the many groundbreaking deals secured in Qatar:
      • Boeing and GE Aerospace secured a landmark order from Qatar Airways, a $96 billion agreement to acquire up to 210 American-made Boeing 787 Dreamliner and 777X aircraft powered by GE Aerospace engines. This is Boeing’s largest-ever widebody order and largest-ever 787 order. This historic agreement will support 154,000 U.S. jobs annually, totaling over 1 million jobs in the United States during the course of production and delivery of this deal.
      • McDermott has a strong partnership with Qatar Energy in advancing critical energy infrastructure, with seven active projects worth $8.5 billion. As the sole provider of offshore components for Qatar’s major LNG expansion, McDermott’s work directly supports thousands of U.S. energy sector jobs.
      • Parsons has successfully won 30 projects worth up to $97 billion. These high-value engagements have fueled significant company growth, supporting thousands of jobs across the United States and reinforcing American leadership in cutting-edge engineering and innovation.
      • Quantinuum finalized a Joint Venture Agreement with Al Rabban Capital, a prominent Qatari company, to invest up to $1 billion in state-of-the-art quantum technologies and workforce development in the United States, supporting U.S. jobs and leadership in this critical emerging technology.  
    • Today’s signings mark President Trump’s intent to accelerate Qatar’s defense investment in the U.S.-Qatar security  partnership—enhancing regional deterrence and benefitting the U.S. industrial base.
      • The defense deals secured today lock in Qatar’s procurement of state-of-the-art military equipment from two leading U.S. defense companies.
      • Raytheon, an RTX business, secured a $1 billion agreement for Qatar’s acquisition of counter-drone capabilities, signed by the U.S. and Qatari governments. This deal establishes Qatar as the first international customer for Raytheon’s Fixed Site – Low, Slow, Small Unmanned Aerial System Integrated Defeat System (FS-LIDS) designed to counter unmanned aircraft. The deal directly supports high-skilled manufacturing and engineering jobs in the United States and reinforces America’s leadership in innovative defense technologies.
      • General Atomics secured a nearly $2 billion agreement for Qatar’s acquisition of the MQ-9B remotely piloted aircraft system, signed by the U.S. and Qatari governments. This deal will strengthen the U.S.-Qatar bilateral relationship and provide the Qatari Armed Forces with the most advanced multi-mission remotely piloted aircraft in the world, powered by U.S. products made in America.
      • The United States and Qatar also signed a statement of intent to further strengthen our security partnership, outlining over $38 billion in potential investments including support for burden-sharing at Al Udeid Air Base and future defense capabilities related to air defense and maritime security.
    • These new agreements and instruments aim to drive the growth of the U.S.-Qatar bilateral commercial relationship, create thousands of well-paying jobs, and open new trade and investment opportunities for both countries over the coming decade and beyond.

     
    CATALYZING PROSPERITY THROUGH GREATER TRADE AND INVESTMENT: The United States and Qatar have a long history of trade and a strong commercial relationship, including significant long-term aviation, critical infrastructure, information technology, and consulting deals. 

    • Qatar’s strategic goals outlined in Qatar National Vision 2030 create opportunities for U.S. businesses in multiple sectors.
    • The United States had a $2 billion trade surplus with Qatar in 2024 and has had a positive trade balance with Qatar since 2003.
      • In 2024, U.S.-Qatar trade totaled $5.64 billion, with $3.8 billion in U.S. exports and $1.8 billion in Qatari imports.
      • Qatar’s greenfield investment in the United States totaled $3.3 billion in 2023, focused on hotels and tourism, information technology, advanced manufacturing, financial services, and oil and gas.
    • This visit advances opportunities for U.S. companies to expand long-standing partnerships and for Qatari entities to embrace U.S. technologies, adopt best practices, and finalize new agreements for significant sales and investments.
      • Qatar has made significant investments in the United States across hotels and tourism, financial services, technology, healthcare, and energy, with plans to invest even more over the next five years. These investments strengthen the U.S. economy by supporting good-paying jobs for millions of American workers, expanding U.S. exports, and funding research and development. 
      • Qatar has the third largest proven reserves of natural gas in the world, and has invested in American energy infrastructure, directly contributing to U.S. energy security and industrial resilience.
      • Starting in 2019, QatarEnergy initiated $18 billion in investments in the U.S. energy sector with ExxonMobil’s Golden Pass LNG Terminal ($10 billion) and Chevron Phillips Chemical’s Golden Triangle Polymers Plant ($8 billion), both located on the Texas Gulf Coast.
    • Qatar is our 12th largest Foreign Military Sales partner with active cases valued at more than $26 billion.
    • Qatar’s expansive investment in and trade with the United States contribute to U.S. and Qatari economic growth and prosperity, and Qatar’s choice of U.S. industry’s best-fit solutions supports the U.S. strategic goal of growing our industrial presence throughout the Gulf and the region as a whole.   

     
    THE ART OF THE DEAL: President Trump is securing billions in investments to revitalize American manufacturing, delivering on his promise to bring back “Made in America” and usher in a new Golden Age of prosperity.

    • Today’s announcement builds on yesterday’s $600 billion investment commitment secured in Saudi Arabia.
    • It also follows the announcement of an historic trade agreement with the United Kingdom and a joint agreement with China to reduce reciprocal tariffs. 
    • By securing these investments, President Trump is spurring a manufacturing renaissance, driving economic growth, and creating high-paying jobs across the nation.
    • Prior to this historic deal, President Trump had already attracted trillions in U.S.-based investments, laying the foundation for an era of unprecedented American prosperity.
    • President Trump is building on his record of success with Qatar, exemplified by his leadership in the 2019 GE Aerospace GEnx engine sale to power Qatar Airways’ then-newly acquired Boeing 787-9 aircraft—a monumental purchase in the history of both companies.
    • As the dealmaker in chief, President Trump’s latest achievement in Qatar is another win for America.

    MIL OSI USA News –

    May 15, 2025
  • MIL-OSI USA: News 05/14/2025 Blackburn, Blumenthal, Thune, and Schumer Introduce the Kids Online Safety Act

    US Senate News:

    Source: United States Senator Marsha Blackburn (R-Tenn)

    WASHINGTON, D.C. – Today, U.S. Senators Marsha Blackburn (R-Tenn.) and Richard Blumenthal(D-Conn.) were joined by U.S. Senate Majority Leader John Thune (R-S.D.) and U.S. Senate Minority Leader Chuck Schumer (D-N.Y.) in introducing the bipartisan Kids Online Safety Act (KOSA). Last July, the Senate approved KOSA – the first major reform to the tech industry since 1998 – in an overwhelming 91-3 bipartisan vote. 

    “Big Tech platforms have shown time and time again they will always prioritize their bottom line over the safety of our children, and I’ve heard too many heartbreaking stories to count from parents who have lost a child because these companies have refused to make their platforms safer by default,” said Senator Blackburn. “We would never allow our children to be exposed to pornography, sexual exploitation, drugs, alcohol, and traffickers in the physical space, but these platforms are allowing this every single day in the virtual space. Congress must not cave to the wills and whims of Big Tech, and we must not be bullied into submission. Now is the time to stand up and protect future generations from harm by passing KOSA.”   

    “Senator Blackburn and I made a promise to parents and young people when we started fighting together for the Kids Online Safety Act – we will make this bill law. There’s undeniable awareness of the destructive harms caused by Big Tech’s exploitive, addictive algorithms, and inescapable momentum for reform,” said Senator Blumenthal. “I am grateful to Senators Thune and Schumer for their leadership and to our Senate colleagues for their overwhelming bipartisan support. KOSA is an idea whose time has come – in fact, it’s urgently overdue – and even tech companies like X and Apple are realizing that the status quo is unsustainable. Our coalition is bigger and stronger than ever before, and we are committed to seeing this measure protecting children on the internet signed into law.”

    “I have been a longtime advocate for holding Big Tech accountable for its manipulative algorithms,” said Majority Leader Thune. “Consumers deserve more transparency about how these platforms amplify and suppress content, which is why I’m proud to support the Kids Online Safety Act. Senator Blackburn has done a tremendous amount of work to deliver a bill that takes real steps to empower families and mitigate the harm social media can do to children, and I’m grateful for her leadership on the issue.”

    “I am proud to support this bipartisan legislation which provides necessary guardrails to protect our kids. Too many kids have had their personal data collected and used nefariously. Too many families have lost kids after they took their own lives because of what happened to them on social media,” said Minority Leader Schumer. “I thank these brave parents and families for sharing their stories. Keeping our kids safe from online threats should not be a partisan issue, I thank my Senate colleagues for championing these bills and I look forward to swift passage.”

     BACKGROUND

    • Last month, bombshell reporting revealed Meta’s latest failure to protect minors from harm after AI-powered digital chatbots engaged in sexually explicit discussions with underaged users on its platforms. Following this report, Senators Blackburn and Blumenthal sent a letter demanding accountability. 
    • Earlier this month, an additional report revealed Instagram’s automated software systems recommended child groomers connect with minors on the app and made it easier for them to find victims, according to a 2019 internal document presented by the Federal Trade Commission (FTC). The report noted that minors made up 27% of the follow recommendations that the social media app surfaced to groomers, and about one-third of the reports flagging inappropriate comments to the company came from minors.
    • The bill text introduced today was first announced in December and is the same language approved by the Senate with several changes to further make clear that KOSA would not censor, limit, or remove any content from the internet, and it does not give the FTC or state Attorneys General the power to bring lawsuits over content or speech.
    • KOSA is strongly supported by a broad coalition of parents who have tragically lost their children or whose kids have been severely harmed by Big Tech, young people who want to regain control over their online lives, and hundreds of advocacy groups and experts who study and see the negative effects of social media firsthand in their communities.

     ENDORSEMENTS 

    This legislation has been endorsed by more than 250 national, state, and local organizations. Today, Appleannounced its endorsement of the legislation, and the bill has also garnered broad conservative support from key advocates like Elon Musk, Donald Trump Jr., Kellyanne Conway, Harmeet Dhillon, Richard Grenell, Sebastian Gorka, and more.

    “Apple is pleased to offer our support for the Kids Online Safety Act (KOSA). Everyone has a part to play in keeping kids safe online, and we believe [this] legislation will have a meaningful impact on children’s online safety,” said Timothy Powderly, Senior Director, Government Affairs, Americas, Apple.

    “I lost my 16-year-old son Mason in November of 2022 when he took his own life. This was only after he was inundated for several weeks by TikTok videos promoting suicide. There are no words to express the pain my family now lives with every single day. Big Tech will always put their profits over the safety of American children and it is my hope that this bipartisan legislation will quickly pass through the current Congress. Unlike Big Tech there is nothing more important to American families than our children and we need help to protect them from these dangerous platforms.” said Jennie Deserio, mother of Mason James Edens, forever 16. 

    “We are so grateful to Senators Blackburn and Blumenthal for reintroducing the Kids Online Safety Act as the need for this bill remains profound. . We have waited and fought long enough, yet our children continue to face severe harms in online spaces where they should feel safe. This legislation is a collective plea from parents, like me, and in remembrance of my daughter Annalee, for meaningful social media reform. Another Mother’s Day and another full year has passed without my daughter and with our children’s futures at stake. It’s past time for change. Children deserve to have their voices heard, their rights protected, and their well-being prioritized by Congress,” said Lori Schott, mother of Annalee Schott, forever 18.

    “I am so relieved today that Senators Blackburn and Blumenthal have reintroduced the Kids Online Safety Act (KOSA). Yet, it’s only a small victory – we still desperately need Congress to actually act on this popular, bipartisan bill and make it law. My daughter, Emily, died by suicide after a year of intense cyberbullying when she was only 17. Last year, we were so close to protecting other children from the same unthinkable fate when the Senate passed this bill and it was heartbreaking when it later stalled in the House. Too many parents like me have paid the ultimate price because of Big Tech’s greed and recklessness towards children’s lives. Our lawmakers must no longer allow this to continue unchecked. This must end now by passing KOSA,” said Erin Popolo, mother of Emily Michaela Murillo, forever 17.

    “I am so thankful for brave leaders like Senator Marsha Blackburn and Senator Richard Blumenthal who are willing to stand-up to Big Tech and support the Kids Online Safety Act (KOSA), a popular bipartisan bill that will provide important protections for youth online. My 17-year-old son, Alex Peiser, died by suicide after he was bullied online and sent pro-suicide memes on his private Instagram account, three days after a break-up.  If KOSA had been in effect, protections would have been in place that might have prevented his death.  Congress had a remarkable opportunity last year to make KOSA law and implement the first reforms of social media in more than 25 years. They can stand together now for children’s online safety by passing KOSA this session without delay,” said Sharon Winkler, mother of Alex Peiser, forever 17.

    “I lost my son Walker December 1, 2022, to suicide after he became  a victim of sextortion. Walker was attacked through Instagram where a man from Nigeria was able to extort him over a sexually explicit video. Today, I attended Walker’s school where we honored the  seniors. Walker’s classmates are graduating this week and he should be there. As long as tech companies have the ability to self-regulate we will continue to lose other teens just like Walker. Thank you Senator Blackburn and Blumenthal for standing up to this industry,” said Brian Montgomery, father of Walker Montgomery, forever 16. 

    “For years, grieving parents have shown up to tell their stories, and Congress has promised to act. The Kids Online Safety Act (KOSA) has been vetted, revised, and supported by both parties—and it would give families the tools they desperately need to protect their children. After coming so close last year, there’s no excuse for letting this moment slip away, KOSA’s reintroduction is a second chance we cannot afford to waste,” said Maurine Molak, mother of David Molak, forever 16, co-founder of David’s Legacy Foundation & ParentsSOS.

    “Thank you Senators Blackburn and Blumenthal for your leadership with the Kids Online Safety Act (KOSA). Our son, Devin Norring, died at the age of 19 to fentanyl poisoning after a drug dealer connected with him on Snapchat. Devin was just trying to manage his pain during the COVID lockdown from a cracked molar, but instead he was targeted and lost his life. No parent should ever have to endure this immense pain that we are now forced to live with every day. KOSA is a vital step toward giving families the tools they need to protect their children online while also holding tech companies accountable. Your efforts mean more than we could ever express to families like ours who are fighting every single day to make sure this doesn’t happen to anyone else,” said Bridgette & Tom Norring, parents of Devin Norring, forever 19.

    “We are so proud of and encouraged by Senator Blumenthal’s and Senator Blackburn’s reintroduction of KOSA. This legislation is timely and needed for America’s children and families. We still feel the loss of our son, Matthew E. Minor, every day. Matthew was a bright and loving child who, at age 12 was exposed to a viral online challenge sent to him by social media’s relentless algorithms. Tragically, he tried it, and accidentally asphyxiated himself. Every delay in passing this bill means putting more of our precious children’s lives at risk. We live with the overwhelmingly tragic memories of losing our child constantly and want to keep other families from experiencing the same pain . As a nation, we are as complicit as Big Tech if we do nothing to improve the safety of social media. Regulations, like those required in KOSA, should be in place to help mitigate online harms.  It’s time that Congress says yes to keeping our children safe online. Pass KOSA Now!!” said Todd & Mia Minor, Parents of Matthew E. Minor, forever 12, co-founders of the Matthew E. Minor Awareness Foundation.

    “The shattering loss of my joyful daughter Grace thirteen years ago compelled me to repeatedly speak out about social media dangers to anyone who would listen. Smartphones and social media were new then and I felt I had an alarm bell to ring. That bell is still clanging and though risk and harm to our children is now clear, rescue has failed to arrive and children are still dying. Senators Blumenthal and Blackburn bring hope with the reintroduction of Kids Online Safety Act (KOSA). Last year, Senators of all stripes sat down with parents, shared our grief, learned about the many and varied harms our children suffered, and then passed KOSA by a resounding 91 to 3 vote. It should have been smooth sailing through the U.S. House as well, but Leadership wouldn’t even meet with parents or bring this lifesaving legislation to the floor for a vote. If they fail once more, it won’t be for lack of evidence. It will be because they chose Big Tech’s money over the lives of American children again,” said Christine Pfister McComas, mother of Grace, forever 15, Grace McComas Memorial.

    “I lost my son, Erik Robinson to accidental asphyxiation 15 years ago when he was just 12-years-old because of a viral challenge that others had promised was “safe.” Back then we had no idea that algorithms targeted kids with such dangerous material. However, we now know that these platforms are only out to make money and do not care how their platforms target and affect children. It breaks my heart that thousands of other kids have also died since Erik’s death as a result of an immense menu of harms that target kids online. Legislation like the Kids Online Safety Act (KOSA) would help mitigate many of these harms and save lives. I urge Congress to say “yes” and help keep kids safe with KOSA,” said Judy Rogg, mother of Erik Robinson, forever 12, Co-founder and Director of Erik’s Cause.

    “It’s been more than four years since I lost my son, Riley, to suicide when he was only 15 years old after a sinister stranger found him on Facebook and sextorted him. One of the few ways I’ve found to cope since then is to advocate for social media reforms that will protect other children from the abuse Riley experienced. Which is why the reintroduction of the Kids Online Safety Act (KOSA) is so critical. This transformative legislation will finally hold Big Tech accountable for the algorithms and designs they use to prey on the most vulnerable among us simply because it adds to their hefty bottom line. It’s unconscionable and Congress must step in now to require they create a safer product, because we know they can. KOSA will do just that,” said Mary Rodee, mother of Riley Basford, forever 15. 

    “My world imploded in May 2019 when my 15-year-old son Mason died of accidental asphyxiation. The cause? The ‘blackout challenge,’ a viral social media trend. No child should die because they were innocently scrolling online and no product manufacturer, in this case Big Tech, should be allowed to peddle such harmful products. Cars have to have seat belts. Milk has to have an expiration date. Social media platforms should be required to have meaningful, effective, safety features as well. The Kids Online Safety Act (KOSA) includes those necessary guardrails by mandating a change to the algorithms that send kids such destructive content unsolicited. If Congress would finally pass this bill and make it law, it would be a complete game-changer for children and families across America.” said Joann Bogard, mother of Mason Bogard, forever 15.

    “There’s a lie going around that vigilant parents – the ones who regularly check their children’s phones, read their texts, are “friends” on their feeds – can keep their kids safe online. I learned in the absolute worst way how untrue this is. I lost my daughter Coco, just 17, after an Instagram drug dealer sold her counterfeit Percocet laced with fentanyl. We parents are no match for Big Tech and their multi-million-dollar lobbying arm working tirelessly to keep their products unregulated so they can earn billions off of our kids, no matter the harm caused along the way. The Kids Online Safety Act (KOSA), would finally put an end to this uncontrolled greed and I know it would have saved Coco’s life. It came so close to passage last year and I am so grateful to Senators Blackburn and Blumenthal for not giving up and reintroducing it again now. I can only hope this time around their Congressional colleagues will see fit to choose kids over Big Tech’s profits and make KOSA law once and for all,” said Julianna Arnold, mother of Lucienne “Coco” Konar, forever 17.

    “My daughter McKenna was an accomplished athlete and scholar, kind to her core, and deeply loyal to those she loved. She had such a promising, rich, life ahead of her. But three years ago she died by suicide after being horribly cyberbullied on social media. She was only 16. Had the Kids Online Safety Act (KOSA) been law, I am certain she would still be with us today. This bill requires that social media platforms take a safety-by-design approach, which is the precise opposite of their profits-at-any-cost approach right now. KOSA would make sure that too-often lethal harms like cyberbullying are no longer allowed to run rampant, ruining children’s and family’s lives forever. Thank you to Senators Blumenthal and Blackburn for reintroducing this life-saving bill. I urge every lawmaker in D.C. to pass KOSA without delay,” said Cheryl Brown, mother of McKenna Brown, forever 16. 

    “My son Bubba was just 13 years old when he died by accidental asphyxiation after trying a so-called viral ‘challenge’ he saw online. He was a brilliant student, full of promise, and he never should have been exposed to content that could cost him his life. That responsibility lies with Big Tech CEOs who have built business models that exploit our children’s attention with no regard for their well-being. Last year, the Senate overwhelmingly passed KOSA, proving that protecting kids online is not a partisan issue. But the House failed to act. That’s why I’m incredibly grateful to Senators Blumenthal and Blackburn for reviving this critical bill. KOSA is long overdue. I truly believe my son would still be here today if these safeguards had been in place. My plea to lawmakers is simple: Congress hasn’t passed a single meaningful law to protect kids online in 25 years. How many more children have to die before you finally hold Big Tech accountable?” said Annie McGrath, mother of Griffin “Bubba” McGrath, forever 13.

    “I have sat across from lawmakers on both sides of the aisle and told Becca’s story time and again. And still, there are no meaningful protections in place to prevent this from happening to another child. That is why the Kids Online Safety Act is so important. KOSA would finally require companies to design for safety instead of profit and give parents a fighting chance to protect their kids. I urge every member of Congress: do not let another year pass without action. Our children deserve better,” said Deb Schmill, mother of Becca Schmill, forever 18, Founder of the Becca Schmill Foundation. 

    “Selena was just 11 when she died by suicide after being exploited and overwhelmed on social media. I tried everything to protect her, but social media platforms like Snapchat were designed to pull her in and shut me out. KOSA would give parents a fighting chance. It would force companies to put safety first, and finally make them answer for the harm they’ve caused to families like mine through exposure to harmful cyberbullying. The reintroduction of KOSA represents a vital opportunity for Congress to finally implement necessary safeguards, ensuring that no other child falls victim to the same preventable dangers that took Selena from us,” said Tammy Rodriguez, mother of Selena Rodriguez, forever 11. 

    “My son Alexander was 14 when he died from fentanyl poisoning after a drug dealer on Snapchat sold him counterfeit oxycontin that had enough fentanyl to kill four adults. There should have been social restrictions in place to prevent his death and there should be such restrictions in place now. Congress had an opportunity to stop further online harms from happening by passing KOSA in 2024, the Senate prevailed and the House failed us and America’s children. I commend Senators Blackburn and Blumenthal for stepping up to the plate again and only hope that House Leadership will follow suit this time around and stop making profits a priority over children’s lives,” said Amy Neville, mother of Alexander Neville, forever 14. 

    “My son Ethan was 13 when he died as a result of accidental asphyxiation after participating in the online ‘Blackout Challenge.’ Had KOSA been in place, there is no doubt that my son would still be alive. Congress had an opportunity to save more children’s lives last year by passing KOSA, the Senate stepped up, but the House failed to do so. Now is the time for Congress to redefine the narrative and to stop allowing Big Tech to win and to stop them from killing more children. It is time for Congress to do the right thing and pass KOSA this year,” said Jeff Van Lith, father of Ethan Burke Van Lith, forever 13.

    “KOSA is the first bill that would make these companies, like iFunny and Snapchat, responsible for preventing the kinds of harm that took my son from me. Congress has a second chance to do something real. We need them to take it,” said Michelle Servi, mother of Jack Servi, forever 16.

    “The Kids Online Safety Act gives parents the tools they need—and have long pleaded for—to effectively oversee their children’s social media use. The legislation rightfully requires platforms to prioritize the well-being of young users over algorithms and design features that maximize user engagement. While some platforms have elected to implement varying degrees of safeguards, the Kids Online Safety Act creates consistency, fosters transparency, and critically, holds platforms accountable for profiting from addictive features and child exploitation,” said Annie Chestnut Tutor, Policy Analyst, Center for Technology and the Human Person, The Heritage Foundation.

    “Our children need online protection plain and simple. The amount of victimization that occurs online is staggering.  Law enforcement cannot protect our children in the current online environment, that is why KOSA is so important to our children,” said John Pizzuro, CEO of Raven.

    “Every day, catastrophic numbers of children are exploited on social media platforms that have no protective guardrails. The proliferation of adult content and bad actors make the internet a perilous place for kids. The Kids Online Safety Act would introduce basic, commonsense protection that make these platforms safer for minors. Internet protections have not been updated by Congress since 1998, long before many of these platforms existed. It’s imperative that Congress act now to protect America’s kids,” said Penny Nance, CEO and President of Concerned Women for America Legislative Action Committee.

    “I’m pleased the Senate has re-introduced the Kids Online Safety Act (KOSA). There is indisputable harm happening to children at an industrial scale—reaching literally millions of children. KOSA would begin to address those harms. Parents say this is the #1 issue, above school violence, drugs, and bullying. Free speech protections are enshrined in explicit language in the bill. I look forward to lauding the efforts of all who see this bill through,” said Jonathan Haidt, social psychologist and author of The Anxious Generation.

    “The reintroduction of KOSA is a test of whether Congress will finally stand with families instead of Big Tech. This bill has withstood years of scrutiny, has enormous bipartisan support, and is the only federal legislation that addresses the wide range of design-caused harms experienced by children every day online. Lawmakers must seize this moment and finally deliver the protections children need,” said Josh Golin, Executive Director of Fairplay.  

    “Protecting children is the most basic human decency. The technology world that has come into being over the last 20+ years has been strip-mining the minds of our next generation for profit. They have been darkening their souls. They have been playing to their fears and walling them up in their anxieties. And their vision is now to use the very isolation and instability that they have created and catalyzed to create dependence on them through AI. The Kids Online Safety Act will stop this. It will turn the page on the harms many kids have suffered and protect the next generation. It will hold the companies that have done this accountable,” said Tim Estes, Founder & CEO of AngelQ.

    “The Eating Disorders Coalition for Research, Policy & Action remains committed to the passage of KOSA. We are encouraged to see the bill being reintroduced in the Senate and look forward to working with Congressional members to protect vulnerable young people against online harms,” said Christine Peat, PhD, FAED, LP, President of the Eating Disorders Coalition for Research, Policy, & Action.

    “Street Grace is honored to support KOSA. We envision a world where no child is exploited and KOSA puts America on that path by adding transparency and accountability to the sites and platforms which are currently advertising to children with zero safeguards in place,” said Bob Rodgers, CEO of Street Grace.

    “The Kids Online Safety Act (KOSA) represents a vital and overdue step toward protecting our children from the growing threat of online exploitation. These predators are not abstract threats – they are in our homes, on our children’s phones, in their games, and across every digital platform they use daily.  We need KOSA because our current system is failing our children.  This legislation provides essential guardrails to ensure tech companies are accountable for the safety of minors and are required to design their platforms with the well-being of children in mind – not profit,” said Tammy Sneed, Director of Engage Together.

    “This bill is a critical step toward holding tech companies accountable for designing online platforms with child safety in mind. For too long, predators have exploited the internet’s blind spots to target children for grooming and trafficking. By requiring platforms to proactively mitigate these harms and provide greater transparency and control to families, this legislation puts the safety of children first. We urge lawmakers to swiftly pass this bill and send a clear message: protecting children online is not optional—it’s a responsibility,” said Linda Smith (U.S. Congress 1995-99, Washington State Senate/House 1983-94), Founder & President of Shared Hope International.

    “Parents have been left on their own to try to fend off a massive tech-induced crisis in American childhood from online platforms that are engineered to be maximally addictive. And the tech companies face zero accountability for how their products harm children, like how their algorithms help connect predators with child victims online. KOSA offers a needed solution by making social media platforms responsible for preventing and mitigating certain objective harms to minors, like sexual exploitation, in their product design and empowering authorities to hold them accountable if they don’t. It’s time to end Big Tech’s total impunity,” said Clare Morell, Fellow at the Ethics and Public Policy Center. 

    “In this digital age, the number of cybertips has skyrocketed from 1 million in 2012 to 36 million in 2023. Now more than ever, it is crucial to protect our children by ensuring they receive online safety training and by enacting legislation like the Kids Online Safety Act to hold tech platforms accountable and implement necessary safeguards,” said Ashlie Bryant, CEO of the 3Strands Global Foundation.

    “Count on Mothers fully endorses KOSA. After surveying mothers across the political spectrum and all U.S. regions, and conducting a nationally representative focus group, we found overwhelming support for KOSA’s protections. Mothers are demanding accountability and a clear duty of care from tech companies. Across backgrounds and beliefs, they agree: it’s time for the federal government to require social media platforms to offer minors the tools to protect their privacy, safety, and mental health from addictive and harmful product designs,” said Count on Mothers. 

    “The Kids Online Safety Act (KOSA) demands that the sanctity of family and the sacredness of childhood be treated as national priorities. American families cannot withstand this digital crisis without real protections and accountability for an industry that has gone unchecked for far too long. KOSA offers an indispensable shield for children, guarding them against corporate greed and reckless harm through a commonsense approach to online safety,” said Jason Frost, CEO of Wired Human.

    “KOSA supports Digitally Intentional’s mission by prioritizing protection over profit, empowering families and safeguarding children from the manipulative corporate practices of Big Tech. Passing KOSA renews our nation’s commitments to another generation and for our country’s future,” said Harrison Haynes, Founder of Digitally Intentional and Chair of End OSEAC Survivors Council.

    “We are grateful to the United States Senators that they are unflagging in their efforts to get the Kids Online Safety Act passed. This is no time for politics. America’s children are suffering from the worst mental health crisis in recorded history, and the literature is increasingly clear that the main driver is digital addiction. Social media are rife with abusive environments for children who get swept down dark rabbit holes by opaque algorithms. To make matters worse, the rise of A.I. chatbots that trick kids into friendships and romantic relationships with artificial corporate products that are perfectly attuned to their shifting moods, will only make it more critical than ever that we pass the Kids Online Safety Act. The time is now,” said Michael Toscano, Director of the Family First Technology Initiative. 

    “Passing KOSA is a significant step forward toward protecting kids from the harms of Big Tech.KOSA’s targeted, bipartisan approach ensures that parents have the ability to protect their kids online from those features and designs that hurt their development and mental health. This is simply a win for parents, children, and consumers all around,” said Joel Thayer, President of the Digital Progress Institute. 

    “When companies like Meta enable a new AI chatbot to have sexually explicit conversations with child accounts, or when TikTok provided a platform for adults to pay teens to strip on its LIVE feature, it is clear that it is past time to hold Big Tech accountable. Congress has a major role in ensuring tech platforms prioritize child safety by reintroducing and passing the Kids Online Safety Act,” said Melissa Henson, Vice President of Parents Television and Media Council.

    “We strongly support the Kids Online Safety Act as a critical step toward protecting the health, safety, and well-being of children and teens in the digital age. Online platforms play an increasingly central role in the lives of young people, it is imperative that we hold technology companies accountable for the environments they create and maintain. We commend the bipartisan leadership behind the Kids Online Safety Act and urge lawmakers to pass this legislation without delay. Protecting children online is not a partisan issue—it is a moral imperative,” said the Paving The Way Foundation.

    “Social media companies continue to abjectly fail the most basic test of any society: protecting children. Big Tech has consistently shown that it cares more about its profit margins than about child safety. The harm needs to stop. It’s past time that Congress pass the Kids Online Safety Act,” said Chris Griswold, Policy Director of American Compass. 

    “Online exploitation is a borderless crime that transcends jurisdictions and preys on the most vulnerable—our children. KOSA is a critical step towards safeguarding digital spaces and setting an example for other governments to combat this global threat. Protecting children online is not just a policy imperative; it is a moral obligation,” said Anne Basham, Chair of the Interparliamentary Taskforce on Human Trafficking.

    “In light of the disturbing reality that some social media services and platforms have become increasingly addictive and even toxic to kids, The Kids Online Safety Act is common sense and necessary  legislation that when enacted, will hold platforms accountable to restrict targeted advertising to children, disable addictive online platform features, provide the option to opt out of algorithmic recommendations, and enforce the highest privacy settings for accounts used by minor children. Enough Is Enough applauds the leadership of KOSA cosponsors Senator Blackburn and Senator Blumenthal for reintroducing this critical bill and the overwhelming bi-partisan support of the U.S. Senate last session. We join our allies in urging both the Senate and the House to prioritize the passage of KOSA soonest. The human cost of delay is severe. Kids are dying. Protecting the lives, innocence and dignity of children online is a non-partisan issue with wide bi-partisan support,” said Donna Rice Hughes, CEO/President, Enough Is Enough. 

    “These platforms fail to disclose their addictive nature or the harms associated with their use. Our children deserve transparency, safety measures, and tools, not exploitation, by default. Why is this so hard? Thank you, Senator Blackburn, for consistently standing in the gap with parents. This time, let’s get it done!” said Chris McKenna, Founder of Protect Young Eyes. 

    Click here for bill text.

     RELATED 

    MIL OSI USA News –

    May 15, 2025
  • MIL-OSI USA: Luján, Welch, Klobuchar, Wyden, Merkley, Oregon Governor Kotek Fight Back Against Republicans’ Attack on SNAP, Nutrition Programs

    US Senate News:

    Source: United States Senator Ben Ray Luján (D-New Mexico)

    Washington, D.C. — U.S. Senator Ben Ray Luján (D-N.M.), Ranking Member of the Senate Agriculture Committee Subcommittee on Nutrition and Specialty Crops, U.S. Senator Peter Welch (D-Vt.), Ranking Member of the Senate Agriculture Committee Subcommittee on Rural Development, Energy, and Credit, U.S. Senator Amy Klobuchar (D-Minn.), Ranking Member of the Senate Agriculture Committee, U.S. Senators Ron Wyden (D-Ore.) and Jeff Merkley (D-Ore.), Oregon Governor Tina Kotek, and nutrition advocates hosted a press call on Republicans’ efforts to gut the Supplemental Nutrition Assistance Program (SNAP), a critical anti-hunger program that helps more than 41.6 million Americans.  

    Tuesday night and Wednesday morning, the House Agriculture Committee held a markup on the Republican tax bill, which will cut $290 billion in SNAP benefits.

    “Something that we all know to be true is everyone deserves to have access to affordable, healthy, nutritious food, and make sure it’s on the table. In my state, 1 in 4 people rely on SNAP, many of whom are children. If this program is cut at that level, it devastates it,” said Senator Luján. “Republicans are not looking out for their constituents who depend on federal programs—they’re looking out for the wealthiest Americans and corporate interests, plain and simple.” 

    “We’re at the moment of truth—it’s the time for action and no longer just talk. Here’s the truth: Republicans’ plan is about taking things away from people who need them and depend on them. In Vermont, about 1 in 10 Vermonters are receiving SNAP benefits. And that is our poorest Vermonters, low-income folks, kids—it makes a huge difference in their life that they can have access to SNAP,” said Senator Welch. “Now, our Republican colleagues are talking about taking about $290 billion out of the SNAP program. This is really about taking away basic nutritional security that is so absolutely essential to the wellbeing of our families and our kids in Vermont and in every single state across the nation.” 

    “Instead of working with Democrats to lower costs from President Trump’s across-the-board tariffs, House Republicans have decided to pull the rug out from under families by cutting the SNAP benefits that 42 million Americans rely on to put food on the table – all to fund a tax cut for billionaires. That’s shameful,” said Ranking Member Klobuchar. 

    “The combination of less food assistance for seniors and kids and Republican cuts in Medicaid is a prescription for a sicker America. This is health care 101: you need access to food to be healthy, and you need access to timely health care when you’re ill. Under the Republican program, more people are going to get sicker,” said Senator Wyden. “We are all in on this battle—we’ll be damned if we’re going to see access to nutrition and health care lost in order to give tax breaks to people at the top.” 

    “This Republican reconciliation bill is clear: families lose, billionaires win,” said Senator Merkley. “Millions of children will lose health care and go hungry—there’s a good chance that lots of kids won’t even be able to study in school. Nobody learns anything when they’re hungry. It’s pretty outrageous—we need to say, ‘hell no’ to this.” 

    “SNAP is one of the most effective anti-poverty and pro-health programs we have in America. It helps over 700,000 Oregonians, more than half of them children, seniors, or people with disabilities, put food on the table. When you cut SNAP, you’re not cutting bureaucracy—you’re cutting a child’s breakfast, their dinner, and their family’s dignity,” said Governor Tina Kotek. “These changes are not just unsustainable cost shift to states – they are an attack on the food security of millions of hard-working Americans. They make it harder for states like mine to do our jobs, to meet urgent needs, and to plan responsibly. Instead of this shortsighted plan, we need to invest in American families and the food security that we know strengthens communities, supports our economies, and reflects the basic decency we owe one another.” 

    In Congress, Senator Luján has long fought to protect and improve SNAP, leading legislation to protect local grocers from transaction fees that would make it harder for them to accept SNAP benefits, championing legislation that would support merit staff and protect SNAP integrity, and fighting to protect access to SNAP in the Farm Bill.

    Watch a livestream of the press call here. 

    MIL OSI USA News –

    May 15, 2025
  • MIL-OSI Asia-Pac: 24 pacts exchanged in Kuwait

    Source: Hong Kong Information Services

    Chief Executive John Lee continued his visit to Kuwait today by meeting representatives of the Kuwait Direct Investment Promotion Authority, exchanging views with local political and business leaders, and witnessing the reaching of multiple pacts between government departments, enterprises and organisations of Hong Kong, the Mainland and Kuwait.

    In the morning, Mr Lee met Kuwait Direct Investment Promotion Authority Director General Meshaal Jaber Al-Ahmad Al-Sabah to learn about Kuwait’s strategies and achievements in attracting business and investment.

    Noting that Kuwait was Hong Kong’s sixth-largest trading partner in the Middle East last year, Mr Lee said there is significant room for development in trade and business between the two places. He also stressed that Hong Kong will continue to serve as a bridge to assist enterprises in going global and attracting external investment, welcoming Kuwaiti enterprises to leverage the city’s financing support and professional services to explore international markets.

    Afterwards, the Chief Executive attended a business luncheon where he delivered a speech to near 300 local business leaders to promote Hong Kong’s business advantages and development opportunities. Moreover, government departments, enterprises and organisations from Hong Kong, the Mainland and Kuwait exchanged and announced 24 memoranda of understanding and co-operation agreements, covering areas such as economy and trade, investment, financial services, technology, legal co-operation, cargo clearance and flow, aviation, and post-secondary education.

    Mr Lee highlighted that merchandise trade between Hong Kong and the Cooperation Council for the Arab States of the Gulf reached nearly US$20 billion last year, an increase of over 53% in the past four years, while Hong Kong’s merchandise trade with Kuwait last year amounted to US$200 million, up more than 20% from the previous year.

    Hong Kong, an international financial centre as well as the world’s largest offshore renminbi business hub, will give full play to its role as a “super connector” and “super value-adder” to deepen international exchanges and co-operation, Mr Lee pointed out, adding that he believes the ties between Hong Kong and Kuwait will continue to flourish.

    In the afternoon, Mr Lee visited Zain Group a major mobile telecommunications company, to learn about its business in innovative technologies and digital communications, and exchanged views with company representatives on topics such as drones, artificial intelligence and smart city development. He remarked that Hong Kong is actively developing into an international innovation and technology centre, and he welcomes the company to invest and pursue co-operation opportunities in Hong Kong.

    The Chief Executive also hosted a dinner for members of the business delegation comprising representatives from Hong Kong and Mainland enterprises to thank them for their participation in the programme of the past four days, and for working together to explore co-operation opportunities for Hong Kong and the Mainland in the Middle East.

    He will return to Hong Kong tomorrow.

    MIL OSI Asia Pacific News –

    May 15, 2025
  • MIL-OSI United Kingdom: Lord Chancellor and MOJ Permanent Secretary Prison Capacity Press Conference

    Source: United Kingdom – Executive Government & Departments

    Speech

    Lord Chancellor and MOJ Permanent Secretary Prison Capacity Press Conference

    The Rt Hon Shabana Mahmood MP and Amy Rees CB spoke in a briefing at Downing Street about the extent of the prison capacity crisis and plans to counter it.

    Political content has been removed from this transcript.

    Good afternoon, everyone.  

    We are here today to talk about the situation in our prisons. 

    When I took office, nearly a year ago, I inherited prisons on the brink of collapse. 

    Despite the immediate measures we took to avert disaster, this crisis has not gone away.  

    David Gauke will soon publish his sentencing review.  

    It will set out how we end this cycle of crisis once and for all. 

    But today, I will talk about the situation that we face now… 

    And further measures that we must take to stabilise the prison population. 

    To do so, I would first like to turn to Amy Rees.  

    Until recently, Amy was Chief Executive of His Majesty’s Prison and Probation Service – having started out, 24 years ago, as a Prison Officer on the wings. 

    Now the Department’s interim Permanent Secretary, Amy will set out the scale of the challenge we face today.  

    [AMY REES]  

    Thank you, Lord Chancellor.  

    The total prison population is 88,087 – and the adult male estate is operating at approximately 99 percent of its capacity.   

    Every year, on our current trajectory, the prison population rises by 3,000.  

    And we now expect to hit zero capacity – to entirely run out of prison places for adult men – in November of this year.   

    The population has been rising, rapidly, for many years.  

    In 1993, the population was less than half its current level – at around 40,000 prisoners. 

    When I first joined the Service, in 2001, it was 65,000.  

    In recent years, it has accelerated rapidly to its current levels, and is forecast to be more than 100,000 by 2029.  

    The primary cause of this is clear.  

    Sentence lengths have increased considerably.  

    In 2005, the average custodial sentence was 13 months.  

    By 2023, it was 21 months – a 66 percent increase.  

    We now have a larger population of sentenced prisoners in our prisons – serving longer sentences than they used to.  

    While this is the primary cause, it is not the only cause.  

    The number of offenders brought back to prison after being released – known as recall – is a significant, though lesser, contributing factor.  

    In 1993, this ‘recalled’ population in prison was virtually non-existent at just 100 prisoners.  

    By 2018, it was 6,000.  

    And since then, levels have soared – more than doubling to 13,600 in March this year.  

    Until now, successive governments have attempted to manage prison capacity primarily by carrying out early releases. 

    In late 2023, the prison system was running at around 99 percent of its capacity.  

    Faced with the prospect of running out of prison places altogether, the End of Custody Supervised Licence Scheme was introduced in October 2023.  

    This meant eligible prisoners were automatically released up to 18 days before their scheduled released date, later increased to 35 days and then up to 70 days in May 2024. 

    This measure prevented prisons from running out of places entirely, but it only bought the service time.  

    By July last year, prisons were again operating close to maximum capacity.  

    Ministers announced plans for some prisoners serving standard determinate sentences to be released automatically at the 40 percent point of their sentence, rather than 50 percent.  

    A surge of these releases took place over two tranches in the autumn and again prevented prisons from filling up entirely.  

    In parallel, we have brought in other smaller-scale measures to manage capacity.  

    This includes moving some risk-assessed offenders out of prison and onto Home Detention – tagged and curfewed for a longer period. 

    These measures are important, but they do not address the scale of the challenge we face.  

    As I have said, the prison population is rising by around 3,000 a year – the equivalent of two large prisons every single year.  

    Even with these measures in place, we will run out of places in just five months’ time.  

    Let me return to my first slide on the growth of the prison population to explain what that means in practice. 

    The operational reality of running prisons so close to their maximum capacity is that it creates a set of interconnected and escalating problems. 

    Even before you run out entirely, our prisons become more dangerous places.  

    With limited space, it becomes harder to manage prisons, and the challenges of violence and drugs grow.   

    This makes prisons less safe, and it leaves staff with less time to get prisoners to work and education – vital to ensuring that they leave prison less likely to reoffend.  

    We are already reliant on a small number of police cells in some parts of the country, where we hold offenders temporarily. 

    If capacity gets even tighter, as an exceptional measure we would activate ‘Operation Early Dawn’.  

    This means we convene a team at 05:30 am every day to track each individual potentially coming into custody, so that we can make sure there will be a space available for them.  

    Early Dawn was activated between 19 August to 9 September 2024, prior to the implementation of early releases.  

    It was also previously activated in October 2023, March 2024, and May 2024.  

    In recent weeks, we have come close to activating Early Dawn once again.  

    If Operation Early Dawn is unable to manage the flow of prisoners, the situation becomes intolerable.  

    We would, at this stage, see the managed breakdown of the criminal justice system.  

    Police holding cells would be full, and the police would be faced with being unable to make arrests.  

    Courts would need to consider bail for offenders they would normally consider dangerous enough to remand to prison.  

    If the system reaches that point, there would be a clear risk to public safety and the only solution would be rapid emergency releases.  

    This would mean offenders being let out of prison without time for probation officers and other services to put in place release plans designed to protect the public.  

    And even this would only buy us time.  

    The prison population will keep rising.  

    Without a long-term plan, sooner or later we would run out of places once more.   

    That is the situation in the prison service as it stands today.  

    And I’m now going to hand back to the Lord Chancellor to talk about the path forward from here.  

    [LORD CHANCELLOR]  

    This Government will end the cycle of crisis. 

    We will bring order and control back to our prisons.    

    That starts by building more of them.  

    Last December, we published a long-term building strategy, setting out our aim to open up 14,000 prison places by 2031.  

    This is the largest expansion of the prison estate since the Victorians.  

    And we are not wasting time.  

    We have already committed £2.3 billion to prison expansion.   

    And since taking office, we have delivered 2,400 new places.  

    We will now go further.  

    While the spending review is ongoing, I can announce today that the Treasury will fund our prison expansion plans, in full, across the spending review period. 

    This is a total capital investment of £4.7bn. 

    It allows us to start building three new prisons…  

    Including breaking ground on a site near HMP Gartree later this year. 

    This investment will also fund new cells at existing prisons…  

    With new houseblocks and rapid deployment cells opened across the country. 

    This is a record prison expansion. 

    We are building at breakneck pace.  

    But we must be honest.  

    Prison building is necessary… 

    But it is not sufficient.  

    We cannot build our way out of this crisis.  

    Despite record prison building, the population is simply rising too fast. 

    By Spring 2028, even with the funding I have announced today, we will be 9,500 places short.  

    The conclusion is clear:  

    We have to do things differently.  

    In October, I appointed David Gauke to lead an independent review of sentencing.   

    He has been ably supported by a panel that draws together expertise from across the criminal justice system.  

    I cannot and will not get ahead of their recommendations. 

    But let me be clear about the task that they have been set.  

    The sentencing review must ensure there is always space in prison for dangerous offenders.  

    To achieve this, the panel will have to recommend a reduction in the length of some custodial sentences…  

    And an expansion of punishment outside prison, for those offenders who can be managed in the community.  

    At the same time, I have set David a clear condition:  

    We must protect the public in whatever measures we pursue.  

    Too often today, our prisons do the opposite.  

    They create better criminals and not better citizens…  

    With 80% of offenders now reoffenders.  

    Across the world, there are models that we can learn from.  

    David and I both visited Texas earlier this year.  

    There, offenders who comply with a strict regime earn an earlier release… 

    While those who behave badly are locked up for longer.  

    Crime there is now at a 50-year low, reoffending is down, and the prison population is under control.  

    Meanwhile, technology – both existing and emerging – clearly has the potential to transform community punishment.  

    A study published last week shows our radio frequency tagging is cutting reoffending by around 20 percent.  

    And emerging technology presents us with further opportunities.  

    We are entering a world where tech has the potential to impose a digital prison outside of prison, surveilling offenders even more closely than they can be watched in jail.  

    To make our streets safer, we must seize on these opportunities.  

    While the Sentencing Review offers us our path to ending the capacity crisis in our prisons, for good, it will take time to take effect.  

    The impact of sentencing reforms will not be felt before Spring next year.  

    On our current trajectory, hitting zero capacity in November, we simply do not have that time.  

    There will be no return to the releases we saw late last year.  

    But I have always been clear that, if further measures are required, I am willing to take them.  

    Today, I am announcing a measure that will target the recall population, which has more than doubled in seven years. 

    We will bring legislation in the coming weeks that means those serving sentences of between one and four years can only be returned to prison for a fixed, 28-day period.  

    Some offenders will be excluded from this measure…  

    Including any offender who has been recalled for committing a serious further offence.   

    We also exclude those who are subject to higher levels of risk management by multiple agencies, where the police, prisons and probation services work together.  

    This measure builds on previous legislation introduced by the last Government, who mandated 14-day recalls for those serving sentences of under a year.  

    And, crucially, it buys us the time we need to introduce the sentencing reforms that – alongside our record prison building plans – will end the crisis in our prisons for good.  

    The consequences of failing to act are unthinkable, but they must be understood.  

    If our prisons overflow…  

    Courts cancel trials… 

    Police halt their arrests… 

    Crime goes unpunished…  

    And we reach a total breakdown of law and order. 

    I was confronted by that prospect when I took office. 

    I am confronted by it again now. 

    But I will never let it happen.  

    This Government is building new prisons, more than any other in the modern era.  

    But we are also facing into the fact that we cannot just build our way out of this crisis.  

    This Government will do whatever it takes to ensure we never run out of prison places again.  

    Updates to this page

    Published 14 May 2025

    MIL OSI United Kingdom –

    May 15, 2025
  • MIL-OSI Canada: Government of Saskatchewan Prepares for Possible Canada Post Strike

    Source: Government of Canada regional news

    Released on May 14, 2025

    The Government of Saskatchewan is preparing for a possible postal strike that could begin as early as May 22, 2025. Ministries, Crowns and agencies have put contingency plans in place to limit service disruptions.

    The government encourages all clients, suppliers and businesses to switch to direct deposit, as those payments will not be impacted by any changes to postal services.

    Social Services Payments

    Building on the experience with the 2024 Canada Post service disruption, the Ministry of Social Services is preparing contingency plans for clients who receive benefit cheques by mail. Most ministry clients already receive benefit payments by direct deposit and these payments will continue as usual. We encourage clients to switch to direct deposit.

    Drug Plan and Extended Benefits 

    Residents requiring letters to submit to their private insurance providers for Special Support, Seniors’ Drug Plan, or Exception Drug Status may submit the request through the online Saskatchewan Formulary. Letters will be mailed once the Canada Post service disruption is resolved. 

    Health Cards and Vital Statistics Certificates

    Incoming and outgoing mail delays may affect applications for health cards and certificates for births, deaths or marriages. Visit eHealthsask.ca for options to minimize delays, including ordering online. 

    Crop Insurance/AgriStability Information and Payments 

    The Saskatchewan Crop Insurance Corporation (SCIC) will work with customers to determine alternate options for accessing information typically delivered through Canada Post, such as faxing, emailing or delivering to a local SCIC office for pick-up. Producers are encouraged to sign-up for direct deposit for receiving program payments. The direct payment form is available on SCIC’s website. 

    Payments to Government of Saskatchewan Suppliers

    The Ministry of Finance will make supplier cheques available for pickup in Regina for suppliers unable to register for direct deposit. Suppliers should call 306-787-7450 to make arrangements.

    Taxes, Refunds and Grant Payments

    In the event of a postal dispute, businesses are expected to ensure they file and pay taxes to the Ministry of Finance on time. Mail delays do not change tax deadlines or the assessment of penalties and interest. For more information, please review the Information Notice – IN 2025-03, Filing and Paying Provincial Taxes in the Event of a Postal Disruption.

    Tax clients are encouraged to sign up for the secure and convenient Saskatchewan eTax Services (SETS) online portal to file and pay taxes electronically and avoid any delays in meeting tax obligations. 

    Tax refunds and grant payments sent by direct deposit will not be delayed. Those who do not use direct deposit can call 1-800-667-6102 to set it up, delay the refund or grant payment, or request a courier delivery at their own cost.

    Crown Utility Accounts, Bills and More

    SGI, SaskTel, SaskPower and SaskEnergy invite customers to sign up for online billing and notifications to ensure they receive information about their utility bills, driver’s licence and vehicle registration renewals and other important communications. This helps avoid delays in receiving bills and account updates. Longer than usual wait times for customer service representatives are anticipated in the event of postal service disruptions, so customers are encouraged to visit the respective Crown websites or to call for more information regarding customer service options. Information is also available online regarding options for paying outstanding bills in the event mail-in payments are not possible.   

    Public Guardian and Trustee 

    The Public Guardian and Trustee’s office is preparing backup options for clients and client service providers who get payment cheques by mail. Many clients and service providers already use direct deposit and will not be affected. Clients and service providers are encouraged to switch to direct deposit as soon as possible. They can do so by contacting their trust officer or the Public Guardian and Trustee’s office at 1-877-787-5424 or by email at pgt@gov.sk.ca. 

    In the event of a postal strike, clients and suppliers and businesses can visit www.saskatchewan.ca/postal-strike for more detailed information.  

    -30-

    For more information, contact:

    MIL OSI Canada News –

    May 15, 2025
  • MIL-OSI Security: Guatemalan national and prior felon receives over 15 years for three gunpoint robberies

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

    HOUSTON – A 29-year-old legal permanent resident from Guatemala who lived in Houston has been sentenced for multiple counts of robbery and one count of brandishing a firearm, announced U.S. Attorney Nicholas J. Ganjei.

    Josue Castro-Gomez pleaded guilty Oct. 1, 2024.

    U.S. District Judge George C. Hanks Jr. has now sentenced Castro-Gomez to 98 months in federal prison for the robberies as well as a consecutive 84 months for the firearms conviction. He is also expected to lose his status in the United States and face removal proceedings following his total 182-month-term of imprisonment. At the hearing, the court heard how Castro-Gomez would commit the robberies by first pretending to be a customer and then taking the store employees by surprise.

    In November and December 2023, Castro-Gomez robbed two gas stations and one Houston-area smoke shop at gunpoint.

    On Nov. 25, 2023, Castro-Gomez entered a Korner Food Mart located in Houston, brandished a firearm and demanded the store clerk give him cash from the register. He proceeded to discharge the firearm, shooting above the clerk’s head, but fled from the scene without taking any money.

    On Dec. 11-12, 2023, Castro-Gomez went to a Circle K gas station and a Vape City, respectively, and demanded cash from the register. He received money on both occasions and fled the scenes.

    On Dec. 12, law enforcement located Castro-Gomez and found him to be in possession of a .32 caliber handgun.

    During the investigation, authorities matched a spent shell casing from the Nov. 25 robbery to the firearm in Castro-Gomez’s possession at the time of his arrest.

    Castro-Gomez has prior felony convictions from 2015 and 2017 for unauthorized use of a motor vehicle and possession of a controlled substance, respectively. As a convicted felon, he is prohibited from possessing firearms or ammunition per federal law.

    He will remain in custody pending transfer to a Federal Bureau of Prisons facility to be determined in the near future.

    The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) conducted the investigation with assistance from the Houston Police Department and Harris County Sheriff’s Office. Assistant U.S. Attorney Francisco J. Rodriguez prosecuted the case.

    This case was made possible by investigative leads generated from the ATF’s National Integrated Ballistic Information Network (NIBIN). NIBIN is the only national network that allows for the capture and comparison of ballistic evidence to aid in solving and preventing violent crimes involving firearms. NIBIN is a proven investigative and intelligence tool that can link firearms from multiple crime scenes, allowing law enforcement to quickly disrupt shooting cycles. For more information on NIBIN, visit https://www.atf.gov/firearms/national-integrated-ballisticinformation-network-nibin.

    MIL Security OSI –

    May 15, 2025
  • MIL-OSI Security: Final defendant in local drug conspiracy sentenced to 10 years for trafficking meth to Anchorage

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

    ANCHORAGE, Alaska – An Ohio man was sentenced May 8, 2025, to 10 years in prison for trafficking multiple pounds of meth to Anchorage.

    According to court documents, Christian Landry, 32, of Shaker Heights, Ohio, repeatedly traveled to Alaska from out-of-state to distribute meth in 2022 and 2023.

    The investigation started in late 2022, when an undercover officer began purchasing methamphetamine from Elzie Isley, 47, of Anchorage. Isley was a local drug dealer. Law enforcement officers identified Landry as one of Isley’s drug sources, allegedly responsible for trafficking over 20 pounds of meth from the Lower 48 to Alaska to sell.

    On Feb. 9, 2023, law enforcement served a search warrant on the residence where Landry was staying with another co-defendant and recovered a loaded pistol, more than $20,000 in cash and several pounds of meth.

    Throughout the course of the investigation, officers seized and forfeited over $34,000 and 23 firearms connected to the drug trafficking conspiracy.

    “This case is yet another example of a drug trafficking organization flooding Anchorage with dangerous narcotics from the Lower 48,” said U.S. Attorney Michael J. Heyman for the District of Alaska. “My office will work with our law enforcement partners across the state to ensure that anyone who threatens the safety of our communities with these poisonous substances will serve years, and for this man, a decade, in prison.”

    “Drugs and guns are always a losing combination,” said ATF Seattle Special Agent in Charge Jonathan Blais. “This and the other lengthy sentences are commensurate to the damage they caused the community.  Mr. Landry chose to endanger Alaskans, and now he faces the consequences.”

    Co-conspirators in this case are as follows:

    • Isley pleaded guilty on Dec. 14, 2023, and was sentenced to 10 years’ imprisonment on April 25, 2024;
    • Antonio Wallace, 32, of Anchorage, pleaded guilty on Oct. 18, 2023, and was sentenced to 10 years’ imprisonment on Feb. 5, 2024;
    • Ricky Lokeni, 38, of Anchorage, pleaded guilty on Jan. 9, 2024, and was sentenced to 10 years’ imprisonment on April 24, 2024;
    • Ryann Hobert, 27, of Anchorage, pleaded guilty on Nov. 8, 2023, and was sentenced to 4 years’ imprisonment on March 27, 2024; and
    • Jaron Steele, 34, of Paramount, California, pleaded guilty and was sentenced to time served (235 days’ imprisonment) on May 7, 2024.

    The Bureau of Alcohol, Tobacco, Firearms and Explosives Anchorage Field Office, with assistance from the Anchorage Police Department, investigated the case.

    Assistant U.S. Attorney Seth Beausang prosecuted the case.

    ###

    MIL Security OSI –

    May 15, 2025
  • MIL-OSI Security: Jefferson County Man Admits to Role in Drug Trafficking Operation in Eastern Panhandle

    Source: Federal Bureau of Investigation FBI Crime News (b)

    MARTINSBURG, WEST VIRGINIA – Matthew David Viands, age 32, of Summit Point, West Virginia, has admitted to his role in a drug trafficking organization that distributed fentanyl and other illicit drugs in the Eastern Panhandle. 

    According to court documents, Viands was a distributor of fentanyl for the organization. Viands also admitted to failing to appear following his pretrial release in the case.

    Viands faces up to 20 years in prison for the drug charge and faces up to 10 years for failing to appear. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Of the 82 defendants, 80 others have been convicted. Fifty-nine defendants have been sentenced. One defendant, Charles Delroy Singletary, age 44, of Baltimore, Maryland, remains a fugitive. More in a recent release here: https://www.justice.gov/usao-ndwv/pr/six-more-sentenced-eastern-panhandle-fentanyl-drug-trafficking-operation

    Assistant U.S. Attorneys Lara Omps-Botteicher and Kyle Kane are prosecuting the case on behalf of the government.

    U.S. Magistrate Judge Robert W. Trumble presided.

    Investigative agencies include the Federal Bureau of Investigation (Pittsburgh Field Division and Baltimore Field Division); the Drug Enforcement Administration; the U.S. Department of Homeland Security Investigations; the United States Postal Inspection Service; the Bureau of Alcohol, Tobacco, Firearms, and Explosives; the United States Marshals Service;  the Eastern Panhandle Drug Task Force, a HIDTA-funded initiative; the West Virginia State Police; the West Virginia Air National Guard; the Jefferson County Sheriff’s Office; the Berkeley County Sheriff’s Office; Ranson Police Department; Martinsburg Police Department; Charles Town Police Department; the Berkeley County Prosecuting Attorney’s Office;  Stafford County Sheriff’s Office (Virginia); Frederick County Sheriff’s Office (Maryland); Frederick County Sheriff’s Office (Virginia); Winchester Police Department; and the Clarke County Sheriff’s Office (Virginia).

    This investigation 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).

    MIL Security OSI –

    May 15, 2025
  • MIL-OSI: Euronext publishes Q1 2025 results

    Source: GlobeNewswire (MIL-OSI)

    Euronext publishes Q1 2025 results

    Strong start of the year with growth of non-volume-related revenue, record FICC trading volumes and exceptional market volatility.

    Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 14 May 2025 – Euronext, the leading European capital market infrastructure, today publishes its results for the first quarter 2025 using the new, simplified reporting framework1.

    • Q1 2025 revenue and income was up +14.1% at €458.5 million:

    Non-volume-related revenue and income represented 57% of total revenue and income and covered 158% of underlying operating expenses, excluding D&A2:

    • Securities Services revenues grew to €83.4 million (+6.8%), driven by double-digit growth in custody and settlement revenue;
    • Capital Markets and Data Solutions revenue grew to €157.4 million (+6.6%), driven by the continued commercial expansion of Euronext Corporate and Investor Solutions and Technology Services and the strong performance of Advanced Data Solutions, supported by the acquisition of GRSS and by retail participation;
    • Net treasury income was €18.6 million (+58.8%), demonstrating the benefits of the Euronext Clearing expansion and the internalisation of net treasury income following the derivatives clearing migration in Q3 2024.

    Volume-related revenue was driven by high market volatility in Q1 2025:

    • FICC3Markets reported €90.7 million of revenue (+25.1%), driven by record performance in fixed income trading and clearing, commodities trading and clearing and FX trading;
    • Equity Markets revenue grew to €108.4 million (+18.0%), reflecting high volatility.
    • Underlying operating expenses excluding D&A were at €164.5 million (+9.1%). The increase compared to Q1 2024 reflects investments in growth and the impact of acquisitions performed in 2024, combined with strong costs discipline, in line with the ramp-up of growth investments set out as part of Euronext’s underlying cost guidance of €670 million for the full year 2025.
    • Adjusted EBITDA was €294.1 million (+17.0%) and adjusted EBITDA margin was 64.1% (+1.6pts).
    • Adjusted net income was €183.5 million (+11.8%) and adjusted EPS was €1.80 (+13.9%).
    • Reported net income was €164.8 million (+17.9%) and reported EPS was €1.62 (+20.0%).
    • Net debt to EBITDA4was at 1.4x at the end of March 2025, within Euronext’s target range of the “Innovate for Growth 2027” strategic plan. On 22 April 2025, Euronext had successfully redeemed the €500 million bond issued in connection with the acquisition of Euronext Dublin in April 2018.

    Key figures for the first quarter of 2025:

    In €m, unless stated otherwise Q1 2025 Q1 2024 % var % var l-f-l3F5
    Revenue and income 458.5 401.9 +14.1% +12.9%
    Underlying operational expenses excluding D&A2 (164.5) (150.7) +9.1% +7.2%
    Adjusted EBITDA 294.1 251.3 +17.0% +16.4%
    Adjusted EBITDA margin 64.1% 62.5% +1.6pts +1.9pts
    Net income, share of the parent company shareholders 164.8 139.7 +17.9%  
    Adjusted net income, share of the parent company shareholders 183.5 164.2 +11.8%  
    Adjusted EPS (basic, in €) 1.80 1.58 +13.9%  
    Reported EPS (basic, in €) 1.62 1.35 +20.0%  
    Adjusted EPS (diluted, in €) 1.80 1.58 +13.9%  
    Reported EPS (diluted, in €) 1.61 1.34 +20.1%  

    Stéphane Boujnah, Chief Executive Officer and Chairman of the Managing Board of Euronext, said:

    “In the first quarter of 2025, Euronext has delivered a remarkable performance. We achieved record revenue and income of €458.5 million, driven by initial successes of the strategic initiatives, growth of non-volume-related revenue and exceptional volatility across trading and clearing activities, especially in cash equity, fixed income, FX, power and commodities. Our diversified business model has allowed us to invest in growth and reach an adjusted EBITDA of €294.1 million, marking a significant +17.0% increase compared to Q1 2024. In Q1 2025, we reached record adjusted EPS (basic) of €1.80 per share. Our reported EPS (basic) grew by an impressive +20.0% compared to Q1 2024, to €1.62 per share.

    We have launched significant initiatives of our ‘Innovate for Growth 2027’ strategic plan to reinforce Euronext as a leader in the European financial markets. The upcoming consolidation of settlement for Amsterdam, Brussels and Paris equity trades in Euronext Securities represents a significant optimisation of the European post-trade landscape. With this strategic move, we foster the integration and competitiveness of European capital markets at an unprecedented speed.

    The launch late April 2025 of a European Common Prospectus6in English will pursue this ambition. This new initiative facilitates access to European capital markets and addresses the need for a competitive, integrated Savings and Investment Union. In addition, we are proud to launch a comprehensive set of measures to support the financing needs of companies that contribute to Europe’s strategic autonomy7.

    The acquisition in May 2025 of Admincontrol8, leader in the governance SaaS space, accelerates the development of Euronext Corporate Solutions in the Nordics, and reinforces Euronext’s subscription-based revenue.

    With this strong first quarter of 2025, we demonstrate our capacity to innovate ahead of the curve, leading the way to a stronger, more innovative and more competitive European capital market.”

    Q1 2025 business highlights

    • Q1 2025 revenue and income
      Q1 2025 Q1 2024 % var % var l-f-l
    Revenue and income (in €m) 458.5 401.9 +14.1% +12.9%
    Securities Services 83.4 78.1 +6.8% +4.8%
    Capital Markets and Data Solutions 157.4 147.6 +6.6% +4.5%
    Net treasury income 18.6 11.7 +58.8% +58.8%
    FICC Markets 90.7 72.5 +25.1% +25.2%
    Equity Markets 108.4 91.9 +18.0% +18.0%
    Other income 0.1 0.2 N/A N/A
    • Non-volume-related revenue
      • Securities Services
      Q1 2025 Q1 2024 % var % var l-f-l
    Revenue (in €m) 83.4 78.1 +6.8% +4.8%
    Custody and Settlement 75.8 67.9 +11.6% +9.4%
    Other Post Trade 7.6 10.2 -25.3% -25.3%

    Revenue from Custody and Settlement this quarter was at €75.8 million, +11.6% compared to Q1 2024. This strong performance was driven by growing Assets under Custody, dynamic settlement instructions and continued double-digit growth in services, supported by the acquisition of Acupay. At the end of the quarter, Assets under Custody amounted to €7.1 trillion, up +3.8% compared to end of Q1 2024. Over 39.3 million instructions were settled via Euronext Securities during the first quarter of 2025, up +9.3% compared to the first quarter of 2024.

    Other Post Trade revenue, which includes membership fees and other non-volume-related clearing fees, was €7.6 million in Q1 2025. The -25.3% decrease compared to Q1 2024 stems from the internalisation of the net treasury income related to Euronext derivatives flows in September 2024, which are now integrated in the net treasury income line.

    • Capital Markets and Data Solutions
      Q1 2025 Q1 2024 % var % var l-f-l
    Revenue (in €m) 157.4                147.6                  +6.6% +4.5%
    Primary Markets 46.3 45.5 +1.8% +2.1%
    Advanced Data Solutions 65.1 60.2 +8.1% +3.7%
    Corporate and Investor Solutions and Technology Services 45.9 41.8 +9.8% +8.1%

    Primary Markets revenue was €46.3 million in Q1 2025, an increase of +1.8% compared to Q1 2024. The first quarter recorded slower equity listing performance explained by a volatile environment. Euronext sustained its leading position for equity listing with 8 new listings.

    Advanced Data Solutions revenue was €65.1 million in Q1 2025, up +8.1% compared to Q1 2024. This dynamic performance reflects the contribution of GRSS, strong appetite from retail and growing monetisation of diversified datasets.

    Corporate and Investor Solutions and Technology Services revenue grew by +9.8% in Q1 2025 to €45.9 million. This strong performance reflects the continued commercial expansion of the governance SaaS offering, the increased use of colocation and microwave connectivity, and double-digit growth of investor solutions, supported by the acquisition of Substantive Research.

    Following the completion of the acquisition of Admincontrol on 13 May 2025, Admincontrol’s revenue will be integrated with Corporate and Investor Solutions and Technology Services revenue from Q2 2025.

    • Net treasury income

    Net treasury income was at €18.6 million (+58.8%). This reflect the benefit from the Euronext Clearing expansion and the internalisation of treasury income from LCH SA following the completion of the derivatives clearing migration, as well as higher cash collateral posted to the CCP due to the elevated market volatility.

    • Volume-related revenue
      • FICC Markets
      Q1 2025 Q1 2024 % var % var
    l-f-l
    Revenue (in €m) 90.7 72.5 +25.1% +25.2%
    Fixed income trading and clearing 51.8 39.1 +32.4% +32.4%
    Commodities9 trading and clearing 29.6 26.3 +12.8% +13.9%
    FX trading 9.2 7.1 +30.4% +26.5%

    Fixed income trading and clearing revenue reached €51.8 million in Q1 2025, up +32.4% compared to Q1 2024, driven by record fixed income trading activity supported by favourable market conditions.

    Commodities trading and clearing revenue reached €29.6 million in Q1 2025, up +12.8% compared to Q1 2024, reflecting record intraday power trading volumes and dynamic agricultural commodity trading and clearing.

    FX trading revenue was up +30.4%, at €9.2 million in Q1 2025, reflecting record trading volumes, and a positively geared volume mix.

    • Equity Markets
      Q1 2025 Q1 2024 % var % var
    l-f-l
    Revenue (in €m) 108.4 91.9 +18.0% +18.0%
    Cash equity trading and clearing 94.0 76.8 +22.5% +22.5%
    Financial derivatives trading and clearing 14.4 15.1 -4.8% -4.8%

    Cash equity trading and clearing revenue was €94.0 million in Q1 2025, up +22.5% driven by exceptional market volatility. Euronext recorded average daily cash trading volumes of €13.8 billion, up +31.8% compared to Q1 2024. Revenue capture on cash trading averaged 0.50 bps for the first quarter of 2025, impacted by higher volumes, stronger intraday volatility and larger average order size. Euronext market share on cash equity trading averaged 64.1% in Q1 2025.

    Financial derivatives trading and clearing revenue was €14.4 million in Q1 2025, -4.8% compared to Q1 2024. This decrease is mostly linked to the decrease of the average clearing fees, as following the clearing migration certain clearing fees are now reported in the line Other Post Trade revenues, and as such not fully comparable with Q1 2024.

    Q1 2025 financial performance

    In €m, unless stated otherwise Q1 2025 Q1 2024 % var % var
    l-f-l
    Revenue and income 458.5 401.9 +14.1% +12.9%
    Underlying operational expenses exc. D&A (164.5) (150.7) +9.1% +7.2%
    Adjusted EBITDA 294.1 251.3 +17.0% +16.4%
    Adjusted EBITDA margin 64.1% 62.5% +1.6pts +1.9pts
    Operating expenses exc. D&A (164.3) (159.4) +3.1% +1.2%
    EBITDA 294.2 242.6 +21.3% +20.6%
    Depreciation & Amortisation (48.3) (44.0) +9.8% +10.6%
    Total Expenses (inc. D&A) (212.6) (203.4) +4.6% +2.9%
    Adjusted operating profit 272.6 232.3 +17.4% +16.8%
    Operating Profit 245.9 198.6 +23.8%  
    Net financing income / (expense) (1.5) 4.7 N/A  
    Profit before income tax 244.4 203.3 +20.2%  
    Income tax expense (67.8) (54.7) +24.0%  
    Share of non-controlling interests (11.9) (8.9) +33.6%  
    Net income, share of the parent company shareholders 164.8 139.7 +17.9%  
    Adjusted Net income, share of the parent company shareholders10 183.5 164.2 +11.8%  
    Adjusted EPS (basic, in €) 1.80 1.58 +13.9%  
    Reported EPS (basic, in €) 1.62 1.35 +20.0%  
    Adjusted EPS (diluted, in €) 1.80 1.58 +13.9%  
    Reported EPS (diluted, in €) 1.61 1.34 +20.1%  
    • Q1 2025 adjusted EBITDA

    Underlying operating expenses excluding D&A1 were at €164.5 million (+9.1%). The increase compared to Q1 2024 reflects investments in growth and the impact of acquisitions performed in 2024, partially offset by cost discipline. In addition, Q1 2024 expenses were positively impacted by one-off releases.

    Driven by the double digit growth in revenue, adjusted EBITDA for the quarter reached €294.1 million, up +17.0% compared to Q1 2024. This represents an adjusted EBITDA margin of 64.1%, up 1.6pts vs. Q1 2024. On a like-for-like basis at constant currencies, adjusted EBITDA grew by +16.4% compared to Q1 2024.

    Q1 2025 non-underlying expenses profited from a one-off release of accruals. As a consequence, reported EBITDA was at €294.2 million, up +21.3% compared to Q1 2024.

    • Q1 2025 net income, share of the parent company shareholders

    Depreciation and amortisation accounted for €48.3 million in Q1 2025, +9.8% more than Q1 2024. PPA related to acquired businesses accounted for €20.4 million.

    Adjusted operating profit was €272.6 million, up +17.4% compared to Q1 2024.

    Euronext reported a net financing expense of €1.5 million in Q1 2025, compared to €4.7 million net financing income in Q1 2024. The variation reflects short-term FX movements and decreasing interest rates.

    Income tax for Q1 2025 was €67.8 million. This translated into an effective tax rate of 27.7% for the quarter, compared to 26.9% in Q1 2024.

    Share of non-controlling interests amounted to €11.9 million, correlated with the strong performance of MTS and Nord Pool.

    As a result, the reported net income, share of the parent company shareholders, increased by +17.9% for Q1 2025 compared to Q1 2024, to €164.8 million. This represents a reported EPS of €1.62 basic and €1.61 diluted. Adjusted net income, share of the parent company shareholders, was up +11.8% to €183.5 million. Adjusted EPS (basic) was €1.80. This increase reflects higher profit and a lower number of outstanding shares over the first quarter of 2025 compared to Q1 2024.

    The weighted number of shares used over the first quarter of 2025 was 101,695,588 for the basic calculation and 102,166,786 for the diluted calculation, compared to 103,640,164 and 104,040,256 respectively over the first quarter of 2024. The difference is due to the share repurchase programme executed by Euronext.

    In Q1 2025, Euronext reported a net cash flow from operating activities of €190.6 million, compared to €184.6 million in Q1 2024, reflecting higher profit before tax and higher income tax paid in Q1 2025. Excluding the impact on working capital from Euronext Clearing and Nord Pool CCP activities, net cash flow from operating activities accounted for 88.1% of EBITDA in Q1 2025.

    Q1 2025 corporate highlights since publication of the fourth quarter 2024 results on 13 February 2025

    • Euronext consolidates settlement on its markets to improve the competitiveness of European capital markets

    On 12 March 2025, Euronext has announced that from September 2026, Euronext Amsterdam, Brussels, and Paris will designate Euronext Securities as the central securities depository (CSD) for equity trade settlements. This aligns with Euronext’s “Innovate for Growth 2027” strategic plan and aims to enhance the competitiveness of European capital markets by addressing post-trade fragmentation. Currently, equity trade settlement in Europe is fragmented across over 30 CSDs. This initiative allows clients to consolidate settlement and custody activities across multiple markets into a single CSD, streamlining operations and enhancing liquidity. It also aids them adapting to regulatory changes, such as the move to T+1 settlement in October 2027. Additionally, Euronext has moved its own shares to Euronext Securities, showcasing the benefits of this consolidation for equity issuers.

    • Dividend payment schedule for 2025

    The Managing Board, upon the approval of the Supervisory Board, has decided to propose for approval at the Annual General Meeting the payment of a dividend of €2.90 per ordinary share (based on the total number of eligible shares). The dividend would be distributed evenly (pro rata the number of shares held) to holders of ordinary shares on the dividend record date set on 27 May 2025 (ex-dividend date is set on 26 May 2025 and payment date is set on 28 May 2025). This dividend represents a pay-out ratio of 50% of the reported net income, in line with Euronext’s current dividend policy.

    Corporate highlights since 1 April 2025

    • Euronext completes the acquisition of Admincontrol

    On 13 May 2025, Euronext announced the completion of the acquisition of 100% of the shares of Admincontrol for an enterprise value of NOK 4,650 million. This transaction complies with Euronext’s capital allocation policy, with a ROCE expected to exceed the WACC within three to five years post-closing11. Admincontrol will be part of Euronext Corporate Solutions, strengthening the development of the franchise in the Nordics and the UK. This acquisition supports Euronext’s strategy to expand its software-as-a-service (SaaS) offering and increases Euronext’s share of subscription-based revenue. Admincontrol has experienced double-digit growth over the past five years, with NOK 452 million in revenue and NOK 200 million in EBITDA in 202412. From the second quarter of 2025, Admincontrol’s revenue will be integrated into Euronext’s revenue line Corporate and Investor Solutions and Technology Services.

    • Launch of European Common Prospectus to accelerate capital market integration and boost IPO activity across the EU

    On 25 April 2025, Euronext has launched the European Common Prospectus, a standardised template for equity issuances, with the aim to integrate European capital markets more deeply. This initiative seeks to reduce regulatory fragmentation, enhance transparency, and promote cross-border investment. The prospectus, developed since November 2024, aligns with existing EU regulations and simplifies the listing process by reducing the required sections from 21 to 11. It uses English as the preferred language, facilitating cross-border access to capital. This new format benefits issuers by streamlining the listing process, and investors by providing consistency and comparability across EU jurisdictions. The full implementation of the Listing Act is expected by June 2026; but this prospectus addresses the immediate need to boost IPO activity in Europe in the meantime.

    • Euronext strengthens its support for European strategic autonomy

    On 6 May 2025, Euronext announced the implementation of a full set of initiatives to support investments in European strategic autonomy. This includes the creation of a new series of thematic indices covering companies that contribute to Europe’s strategic autonomy, tailored solutions to enhance equity financing of European aerospace and defence companies and facilitated issuance of European defence bonds13.

    • Euronext volumes for April 2025

    In April 2025, the average daily transaction value on the Euronext cash order book stood at €16.0 billion, up +44.1% compared to the same period last year. The overall average daily volume on Euronext derivatives stood at 712,389 lots, up +6.4% compared to April 2024, and the open interest was 25,388,147 contracts at the end of April 2025, up +6.4% compared to April 2024. The average daily volume on Euronext FX’s spot foreign exchange market stood at $38.2 billion, up +33.1% compared to the same period last year. Average daily day-ahead power traded was 2.7TWh, down -3.5% compared to the same period last year, and average daily intraday power traded was 0.5TWh, up +37.4% compared to April 2024. MTS Cash average daily volumes were up +55.4% to €55.8 billion in April 2025, MTS Repo term adjusted average daily volume stood at €723.1 billion, up +50.1% compared to the same period last year. Euronext Clearing cleared 32,206,770 shares in April 2025, +58.2% compared to April 2024. €2,752 billion of wholesale bonds were cleared in April 2025 (double counted), up +19.7% compared to the same period in 2024. 1,098,474 bond retail contracts were cleared in April 2025 (double counted), down -18.0% compared to April 2024. The number of derivatives contracts cleared was 14,247,781, up +934.7% compared to April 2024 (single counted). Euronext Securities reported 12,506,259 settlement instructions in April 2025, up +14.0% compared to the same period last year. The total Assets Under Custody reached over €7.0 trillion in April 2025, up +3.0% compared to the same period last year.

    Results Webcast

    A webcast will be held on Thursday, 15 May 2025, at 09:00 CEST (Paris time) / 08:O0 BST (London time):

    Live webcast:

    For the live webcast go to: Webcast

    The webcast will be available for replay after the call at the webcast link and on the Euronext Investor Relations webpage.
    Contacts

    ANALYSTS & INVESTORS – ir@euronext.com

    Investor Relations        Aurélie Cohen                 

    Judith Stein        +33 6 15 23 91 97          

    MEDIA – mediateam@euronext.com 

    Europe        Aurélie Cohen         +33 1 70 48 24 45   

    Andrea Monzani         +39 02 72 42 62 13 

    Belgium        Marianne Aalders         +32 26 20 15 01                 

    France, Corporate        Flavio Bornancin-Tomasella        +33 1 70 48 24 45                 

    Ireland        Andrea Monzani         +39 02 72 42 62 13                 

    Italy         Ester Russom         +39 02 72 42 67 56                 

    The Netherlands        Marianne Aalders         +31 20 721 41 33                 

    Norway         Cathrine Lorvik Segerlund        +47 41 69 59 10                 

    Portugal         Sandra Machado        +351 91 777 68 97                

    Corporate Solutions        Andrea Monzani         +39 02 72 42 62 13                          

    About Euronext  

    Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody, to solutions for issuers and investors. Euronext runs MTS, one of Europe’s leading electronic fixed income trading markets, and Nord Pool, the European power market. Euronext also provides clearing and settlement services through Euronext Clearing and its Euronext Securities CSDs in Denmark, Italy, Norway and Portugal.

    As of March 2025, Euronext’s regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal host nearly 1,800 listed issuers with €6.3 trillion in market capitalisation, a strong blue-chip franchise and the largest global centre for debt and fund listings. With a diverse domestic and international client base, Euronext handles 25% of European lit equity trading. Its products include equities, FX, ETFs, bonds, derivatives, commodities and indices.

    For the latest news, go to euronext.com or follow us on X and LinkedIn.

    Disclaimer

    This press release is for information purposes only: it is not a recommendation to engage in investment activities and is provided “as is”, without representation or warranty of any kind. The figures in this document have not been audited or reviewed by our external auditor. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext. This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is available at www.euronext.com/terms-use.

    © 2025, Euronext N.V. – All rights reserved. 

    The Euronext Group processes your personal data in order to provide you with information about Euronext (the “Purpose”). With regard to the processing of this personal data, Euronext will comply with its obligations under Regulation (EU) 2016/679 of the European Parliament and Council of 27 April 2016 (General Data Protection Regulation, “GDPR”), and any applicable national laws, rules and regulations implementing the GDPR, as provided in its privacy statement available at: www.euronext.com/privacy-policy. In accordance with the applicable legislation you have rights with regard to the processing of your personal data: for more information on your rights, please refer to: www.euronext.com/data_subjects_rights_request_information. To make a request regarding the processing of your data or to unsubscribe from this press release service, please use our data subject request form at connect2.euronext.com/form/data-subjects-rights-request or email our Data Protection Officer at dpo@euronext.com.

    Appendix

    The figures in this Appendix have not been audited or reviewed by our external auditor.

    Non-IFRS financial measures

    For comparative purposes, the company provides unaudited non-IFRS measures including:

    • Operational expenses excluding depreciation and amortisation, underlying operational expenses excluding depreciation and amortisation;
    • EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin.

    Non-IFRS measures are defined as follows:

    • Operational expenses excluding depreciation and amortisation as the total of salary and employee benefits, and other operational expenses;
    • Underlying operational expenses excluding depreciation and amortisation as the total of salary and employee benefits, and other operational expenses, excluding non-recurring costs;
    • Underlying revenue and income as the total of revenue and income, excluding non-recurring revenue and income;
    • Non-underlying items as items of revenue, income and expense that are material by their size and/or that are infrequent and unusual by their nature or incidence are not considered to be recurring in the normal course of business and are classified as non-underlying items on the face of the income statement within their relevant category in order to provide further understanding of the ongoing sustainable performance of the Group. These items can include:
      • integration or double run costs of significant projects, restructuring costs and costs related to acquisitions that change the perimeter of the Group;
      • one-off finance costs, gains or losses on sale of subsidiaries and impairments of investments:
      • amortisation and impairment of intangible assets which are recognised as a result of acquisitions and mostly comprising customer relationships, brand names and software that were identified during purchase price allocation (PPA);
      • tax related to non-underlying items.
    • Adjusted operating profit as the operating profit adjusted for any non-underlying revenue and income and non-underlying costs, including PPA of acquired businesses;
    • EBITDA as the operating profit before depreciation and amortisation;
    • Adjusted EBITDA as the adjusted operating profit before depreciation and amortisation adjusted for any non-underlying operational expenses excluding depreciation and amortisation;
    • EBITDA margin as EBITDA divided by total revenue and income;
    • Adjusted EBITDA margin as adjusted EBITDA, divided by total revenue and income;
    • Adjusted net income, as the net income, share of the parent company shareholders, adjusted for any non-underlying items and related tax impact.

    Non-IFRS financial measures are not meant to be considered in isolation or as a substitute for comparable IFRS measures and should be read only in conjunction with the consolidated financial statements.

    Consolidated income statement

      Q1 2025 Q1 2024
    in €m, unless stated otherwise Underlying Non-underlying Reported Underlying Non-underlying Reported
    Revenue and income 458.5 – 458.5 401.9 – 401.9
    Securities Services 83.4 – 83.4 78.1 – 78.1
    Custody and Settlement 75.8 – 75.8 67.9 – 67.9
    Other Post Trade 7.6 – 7.6 10.2 – 10.2
    Capital Markets and Data Solutions 157.4 – 157.4 147.6 – 147.6
    Primary Markets 46.3 – 46.3 45.5 – 45.5
    Advanced data solutions 65.1 – 65.1 60.2 – 60.2
    Corporate and Investor Solutions and Technology Services 45.9 – 45.9 41.8 – 41.8
    Net treasury income 18.6 – 18.6 11.7 – 11.7
    FICC Markets 90.7 – 90.7 72.5 – 72.5
    Fixed income trading and clearing 51.8 – 51.8 39.1 – 39.1
    Commodities income trading and clearing 29.6 – 29.6 26.3 – 26.3
    FX trading 9.2 – 9.2 7.1 – 7.1
    Equity Markets 108.4 – 108.4 91.9 – 91.9
    Cash equity trading and clearing 94.0 – 94.0 76.8 – 76.8
    Financial derivatives trading and clearing 14.4 – 14.4 15.1 – 15.1
    Other income 0.1 – 0.1 0.2 – 0.2
    Operating expenses excluding D&A (164.5) 0.1 (164.3) (150.7) (8.7) (159.4)
    Salaries and employee benefits (86.9) (0.5) (87.3) (80.7) (4.4) (85.1)
    Other operational expenses, of which (77.6) 0.6 (77.0) (70.0) (4.3) (74.3)
    System & communication (25.9) (0.1) (26.0) (24.6) (1.4) (26.0)
    Professional services (18.1) 1.0 (17.1) (11.9) (1.9) (13.8)
    Clearing expense (0.2) – (0.2) (9.1) – (9.1)
    Accommodation (4.6) (0.2) (4.8) (3.8) (0.3) (4.1)
    Other operational expenses (28.8) – (28.8) (20.6) (0.7) (21.3)
    EBITDA 294.1 0.1 294.2 251.3 (8.7) 242.6
    EBITDA margin 64.1%   64.2% 62.5%   60.4%
    Depreciation & amortisation (21.5) (26.8) (48.3) (19.0) (25.0) (44.0)
    Total expenses (185.9) (26.7) (212.6) (169.7) (33.7) (203.4)
    Operating profit 272.6 (26.7) 245.9 232.3 (33.7) 198.6
    Net financing income / (expense) (1.5) – (1.5) 4.7 (0.0) 4.7
    Profit before income tax 271.1 (26.7) 244.4 237.0 (33.7) 203.3
    Income tax expense (74.9) 7.1 (67.8) (63.4) 8.7 (54.7)
    Non-controlling interests (12.7) 0.9 (11.9) (9.3) 0.4 (8.9)
    Net income, share of the parent company shareholders 183.5 (18.8) 164.8 164.2 (24.5) 139.7
    EPS (basic, in €) 1.80   1.62 1.58   1.35
    EPS (diluted, in €) 1.80   1.61 1.58   1.34

    Adjusted EPS definition

      Q1 2025 Q1 2024
    Net income reported 164.8 139.7
    EPS reported 1.62 1.35
    Adjustments for non-underlying items included in:    
    Operating expenses exc. D&A                                       0.1 (8.7)
    Depreciation and amortisation                                   (26.8) (25.0)
    Minority interest 0.9 0.4
    Tax related to adjustments 7.1 8.7
    Adjusted net income 183.5 164.2
    Adjusted EPS 1.80 1.58

    Consolidated comprehensive income statement

      Q1 2025 Q1 2024
    Profit for the period 176.6 148.6
         
    Other comprehensive income    
    Items that may be reclassified to profit or loss:    
    – Exchange differences on translation of foreign operations 16.9 (26.3)
    – Income tax impact on exchange differences on translation of foreign operations (1.1) 2.6
    – Gains and losses on cash flow hedges 2.2 –
    – Change in value of debt investments at fair value through other comprehensive income – 0.2
    – Income tax impact on change in value of debt investments at fair value through
    other comprehensive income
    – (0.1)
         
    Items that will not be reclassified to profit or loss:    
    – Remeasurements of post-employment benefit obligations (2.5) (0.3)
    Other comprehensive income for the period, net of tax 15.5 (23.8)
    Total comprehensive income for the period 192.1 124.8
         
    Comprehensive income attributable to:    
    – Owners of the parent 179.9 116.6
    – Non-controlling interests 12.2 8.2

    Consolidated statement of financial position

    in €m 31 March 2025 31 December 2024
    Non-current assets    
    Property, plant and equipment 107.4 106.2
    Right-of-use assets 88.2 57.5
    Goodwill and other intangible assets                                6,096.5                           6,096.2
    Deferred income tax assets 29.1 30.4
    Investments in associates and joint ventures                                          0.8                                    0.8
    Financial assets at fair value through OCI                                     357.0                               357.0
    Other non-current assets 3.4 3.5
    Total non-current assets 6,682.4 6,651.6
         
    Current assets    
    Trade and other receivables 574.2 412.9
    Income tax receivable 17.5 11.4
    Derivative financial instruments 2.2 –
    CCP clearing business assets 341,647.6 270,288.7
    Other current financial assets 59.5 63.8
    Cash & cash equivalents 1,642.3 1,673.5
    Total current assets 343,943.3                272,450.3
         
    Total assets 350,625.7 279,101.8
         
    Equity    
    Shareholders’ equity 4,224.6 4,245.2
    Non-controlling interests 161.7 156.8
    Total Equity 4,386.3 4,402.0
         
    Non-current liabilities    
    Borrowings 2,537.5 2,537.0
    Lease liabilities 71.7 46.2
    Other non-current financial liabilities 3.5 3.5
    Deferred income tax liabilities 495.1 496.8
    Post-employment benefits 23.0 21.0
    Contract liabilities 54.2 56.4
    Other provisions 7.0 7.2
    Total Non-current liabilities 3,192.1 3,168.2
         
    Current liabilities    
    Borrowings 524.0 516.5
    Lease liabilities 21.9 15.8
    Derivative financial instruments –                                         0.1
    CCP clearing business liabilities 341,695.3 270,357.9
    Income tax payable 99.3 91.1
    Trade and other payables 526.5 464.3
    Contract liabilities 176.2 80.1
    Other provisions 4.1 5.9
    Total Current liabilities 343,047.3 271,531.7
         
    Total equity and liabilities 350,625.7 279,101.8

    *The comparative figures for CCP clearing business assets and liabilities were both adjusted upwards by €69,713.3 million in the Universal Registration Document 2024 as published on 28 March 2025 due to an adjustment in the recognition of clearing business assets and clearing business liabilities, when compared to the positions in the press release dated 13 February 2025.

    Consolidated statement of cash flows

    in €m Q1 2025 Q1 2024
    Profit before tax 244.4 203.3
    Adjustments for:    
    – Depreciation and amortisation 48.3 44.0
               – Share based payments 3.9 3.9
    – Changes in working capital (37.4) (36.6)
    Cash flow from operating activities 259.2 214.7
    Income tax paid (68.6) (30.0)
    Net cash flows from operating activities 190.6 184.6
         
    Cash flow from investing activities    
    Purchase of current financial assets                                     (0.7) (21.7)
    Redemption of current financial assets                                      5.7 18.6
    Purchase of property, plant and equipment                                    (6.8) 0.1
    Purchase of intangible assets (23.0) (16.4)
    Interest received 10.3 10.4
    Proceeds from sale of property, plant, equipment and intangible assets                                         – 0.1
    Net cash flow from investing activities (14.6) (8.9)
         
    Cash flow from financing activities    
    Interest paid (0.8) (0.2)
    Payment of lease liabilities (5.5) (5.5)
    Transactions in own shares (204.5) (2.1)
    Dividends paid to non-controlling interests – (0.3)
    Net cash flow from financing activities (210.8) (8.2)
         
    Total cash flow over the period (34.8) 167.6
    Cash and cash equivalents – Beginning of period 1,673.5 1,448.8
    Non-cash exchange gains/(losses) on cash and cash equivalents 3.6 (6.8)
    Cash and cash equivalents – End of period 1,642.3 1,609.6

    Volumes for the first quarter of 2025

    • Securities Services
    Euronext Securities activity Q1 2025 Q1 2024 % var
    Number of settlement instructions over the period 39,317,842 35,963,785 +9.3%
    Assets under Custody (in €bn), end of period 7,132 6,871 +3.8%
    • Capital Markets
      Q1 2025 Q1 2024 % var
    Number of trading days 63 63 –
    Listings      
    Number of Issuers on Equities      
    Euronext 1,786 1,860 -4.0%
    SMEs 1,397 1,463 -5.0%
    Number of Listed Securities      
    Funds 2,163 2,392 -10.0%
    ETFs 4,158 3,861 +8.0%
    Bonds 55,645 56,862 -2.0%
    Capital raised on primary and secondary market      
    Total Euronext, (€ million)      
    Number of new equity listings 8 10  
    Money Raised – New equity listings (including over-allotment) 237 156 +52.0%
    Money Raised – Follow-ons on equities 2,850 8,012 -64.0%
    Money Raised – Bonds 316,716 380,183 -17.0%
    Total Money Raised 319,803 388,352 -18.0%
    of which SMEs      
    Number of new equity listings 8 9  
    Money Raised – New equity listings (including over-allotment) 237 156 +52.0%
    Money Raised – Follow-ons on equities 1,278 4,957 -74.0%
    Money Raised – Bonds 396 478 -17.0%
    Total Money Raised 1,911 5,591 -66.0%
    • FICC Markets

    Fixed income trading

      Q1 2025 Q1 2024 % var
    Transaction value (€ million, single counted)      
    MTS      
    ADV MTS Cash 56,791 34,658 +64.0%
    TAADV MTS Repo 508,929 491,789 +3.0%
    Other fixed income      
    ADV Fixed income 1,932 1,744 +11.0%

    Fixed income clearing

    Number of transactions and lots cleared Q1 2025 Q1 2024 % var
    Bonds – Wholesale (nominal value in €bn – double counted) 8,160 7,392 +10.0%
    Bonds – Retail (number of contracts – double counted) 4,175,846 3,800,084 +10.0%

    Commodities markets

      Q1 2025 Q1 2024 % var
    Number of trading days              90 91 -1.1%
    Power volume (in TWh)      
    ADV Day-ahead Power Market          3.28 3.32 -1.2%
    ADV Intraday Power Market          0.43 0.29 +47.3%
      Q1 2025 Q1 2024 % var
    Number of trading days 63 63 –
    Derivatives Volume (in lots)      
    Commodity 7,886,335 7,193,909 +9.6%
    Futures 7,570,868 6,756,390 12.1%
    Options 315,467 437,519 -27.9%
    Derivatives ADV (in lots)      
    Commodity 125,180 114,189 9.6%
    Futures 120,173 107,244 12.1%
    Options 5,007 6,945 -27.9%
      31 March 2025 31 March 2024 % var
    Open interest (in lots)      
           
    Commodity 1,043,370 923,004 +13.0%
    Futures 841,449 584,361 +44.0%
    Options 201,921 338,643 -40.4%

    FX Markets

      Q1 2025 Q1 2024 % var
    Number of trading days 63 63 –
    FX volume ($m, single counted)      
    Total Euronext FX 1,856,742 1,583,472 +17.3%
    ADV Euronext FX 29,472 24,742 +19.1%
    • Equity Markets

    Cash trading

      Q1 2025 Q1 2024 % var
    Number of trading days 63 63 –
    Number of transactions (buy and sell)      
    Total Cash Market 188,721,610 152,340,714 +24.0%
    ADV Cash Market 2,995,581 2,418,107 +24.0%
    Transaction value (€ million, single counted)      
    Total Cash Market 867,015 657,688 +31.8%
    ADV Cash Market 13,762 10,439 +31.8%

    Cash clearing

    Number of transactions and lots cleared Q1 2025 Q1 2024 % var
    Shares (number of contracts – single counted) 76,849,676 58,446,470 +31.0%
    Derivatives (number of contracts – single counted) 42,112,910 5,823,089 +623.0%

    Financial derivatives markets

      Q1 2025 Q1 2024 % var
    Number of trading days 63 63 –
    Derivatives Volume (in lots)      
    Equity 34,226,575 32,815,066 +4.3%
    Index 11,889,419 12,477,980 -4.7%
    Futures 6,946,746 7,240,666 -4.1%
    Options 4,942,673 5,237,314 -5.6%
    Individual Equity 22,337,156 20,337,086 +9.8%
    Futures 489,757 574,911 -14.8%
    Options 21,847,399 19,762,175 +10.6%
           
    Derivatives ADV (in lots)      
    Equity 543,279 520,874 +4.3%
    Index 188,721 198,063 -4.7%
    Futures 110,266 114,931 -4.1%
    Options 78,455 83,132 -5.6%
    Individual Equity 354,558 322,811 +9.8%
    Futures 7,774 9,126 -14.8%
    Options 346,784 313,685 +10.6%
           
    Open interest (in lots) 31 March 2025 31 March 2024 % var
    Equity 23,589,360 21,831,754 +8.1%
    Index 1,052,853 878,571 +19.8%
    Futures 477,425 638,777 -25.3%
    Options 575,428 239,794 +140.0%
    Individual Equity 22,536,507 20,953,183 +7.6%
    Futures 165,404 564,408 -70.7%
    Options 22,371,103 20,388,775 +9.7%

    1www.euronext.com/en/media/13322/download
    2 Definition in Appendix – adjusted for non-underlying operating expenses excluding D&A and non-underlying revenue and income.
    3   Fixed income, commodities and currencies
    4 Last twelve months reported and adjusted EBITDA
    5 Like-for-like basis at constant currency
    6www.euronext.com/en/about/media/euronext-press-releases/euronext-launches-european-common-prospectus-accelerate-capital
    7www.euronext.com/en/about/media/euronext-press-releases/euronext-strengthens-its-support-for-european-strategic
    8www.euronext.com/en/about/media/euronext-press-releases/euronext-completes-acquisition-admincontrol
    9 Including revenue from power trading and clearing
    10 For the total adjustments performed please refer to the Appendix of this press release
    11 The cashflow related to the transaction will be communicated as part of Q2 2025 results
    12 Unaudited figures
    13www.euronext.com/en/about/media/euronext-press-releases/euronext-strengthens-its-support-for-european-strategic

    Attachment

    • 2025_Euronext_PR_Q12025_VF

    The MIL Network –

    May 15, 2025
  • MIL-OSI: Gabelli Healthcare & WellnessRx Trust (NYSE: GRX) Increases Quarterly Distribution 13% to $0.17 From $0.15 Annual Distribution to $0.68 From $0.60 Per Share

    Source: GlobeNewswire (MIL-OSI)

    RYE, N.Y., May 14, 2025 (GLOBE NEWSWIRE) — The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (the “Fund”) approved an increase in the annualized distribution to $0.68 per share, which will be paid $0.17 per share quarterly, commencing with the quarterly distribution payable on June 23, 2025 to common shareholders of record on June 13, 2025.

    The Fund intends to pay a quarterly distribution determined by the Board of Trustees. In addition to the quarterly distributions, and in accordance with the minimum distribution requirements of the Internal Revenue Code for regulated investment companies, the Fund may pay an adjusting distribution in December which includes any additional income and net realized capital gains in excess of the quarterly distributions for that year.

    Each quarter, the Board of Trustees reviews the amount of any potential distribution and the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the current financial market environment. The Fund’s distribution policy is subject to modification or termination by the Board of Trustees at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

    All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject up to the maximum federal income tax rate for long term capital gains, which is currently 20% in taxable accounts for individuals (or less depending on an individual’s tax bracket). In addition, certain U.S. shareholders who are individuals, estates or trusts and whose income exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their “net investment income”, which includes dividends received from the Fund and capital gains from the sale or other disposition of shares of the Fund.

    If the Fund does not generate earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.

    Long-term capital gains, qualified dividend income, investment company taxable income, and return of capital, if any, will be allocated on a pro rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, each of the distributions paid to common shareholders in 2025 would include approximately 4% from net investment income, 80% from net capital gains and 16% would be deemed a return of capital on a book basis. This does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com). The final determination of the sources of all distributions in 2025 will be made after year end and can vary from the quarterly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2025 distributions in early 2026 via Form 1099-DIV.

    Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:

    Bethany Uhlein
    (914) 921-5546

    About The Gabelli Healthcare & WellnessRxTrust
    The Gabelli Healthcare & WellnessRx Trust is a diversified, closed-end management investment company with $218 million in total net assets whose primary investment objective is long-term growth of capital. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

    NYSE: GRX
    CUSIP – 36246K103

    THE GABELLI HEALTHCARE & WELLNESSRx TRUST
        Investor Relations Contact:
        Bethany Uhlein
        914.921.5546
        buhlein@gabelli.com

    The MIL Network –

    May 15, 2025
  • MIL-Evening Report: Two lizard-like creatures crossed tracks 355 million years ago. Today, their footprints yield a major discovery

    Source: The Conversation (Au and NZ) – By John Long, Strategic Professor in Palaeontology, Flinders University

    Marcin Ambrozik

    The emergence of four-legged animals known as tetrapods was a key step in the evolution of many species today – including humans.

    Our new discovery, published today in Nature, details ancient fossil footprints found in Australia that upend the early evolution timeline of all tetrapods. It also suggests major parts of the story could have played out in the southern supercontinent of Gondwana.

    This fossil trackway whispers that we have been looking for the origin of modern tetrapods in the wrong time, and perhaps the wrong place.

    The first feet on land

    Tetrapods originated a long time ago in the Devonian period, when strange lobe-finned fishes began to haul themselves out of the water, probably around 390 million years ago.

    This ancestral stock later split into two main evolutionary lines. One led to modern amphibians, such as frogs and salamanders. The other led to amniotes, whose eggs contain amniotic membranes protecting the developing foetus.

    Today, amniotes include all reptiles, birds and mammals. They are by far the most successful tetrapod group, numbering more than 27,000 species of reptiles, birds and mammals.

    They have occupied every environment on land, have conquered the air, and many returned to the water in spectacularly successful fashion. But the fossil record shows the earliest members of this amniote group were small and looked rather like lizards. How did they emerge?

    The oldest known tetrapods have always been thought to be primitive fish-like forms like Acanthostega, barely capable of moving on land.

    Acanthostega, an early tetrapod that lived about 365 million years ago, was a member of the ancestral stock that gave rise to amphibians and amniotes.
    The authors

    Most scientists agree amphibians and amniotes separated at the start of the Carboniferous period, about 355 million years ago. Later in the period, the amniote lineage split further into the ancestors of mammals and reptiles-plus-birds.

    Now, this tidy picture falls apart.

    A curious trackway

    Key to our discovery is a 35 centimetre wide sandstone slab from Taungurung country, near Mansfield in eastern Victoria.

    The slab is covered with the footprints of clawed feet that can only belong to early amniotes, most probably reptiles. It pushes back the origin of the amniotes by at least 35 million years.

    Mansfield slab, dated between 359-350 million years old, showing positions of early reptile tracks.
    The authors

    Despite huge variations in size and shape, all amniotes have certain features in common. For one, if we have limbs with fingers and toes, these are almost always tipped with claws – or nails, in the case of humans.

    In other tetrapod groups, real claws don’t occur. Even claw-like, hardened toe tips seen in some amphibians are extremely rare.

    Claws usually leave obvious marks in footprints, providing a clue to whether a fossil footprint was made by an amniote.

    Close up showing the oldest known tracks with hooked claws from Mansfield, Victoria. Left, photo; right, optical scan.
    The authors

    The oldest clawed tracks

    The previous oldest fossil record of reptiles is based on footprints and bones from North America and Europe around 318 million years ago.

    The oldest record of reptile-like tracks in Europe is from Silesia in Poland, a new discovery also revealed in our paper. They are around 328 million years old.

    However, the Australian slab is much older than that, dated to between 359 and 350 million years old. It comes from the earliest part of the Carboniferous rock outcropping along the Broken River (Berrepit in the Taungurung language of the local First Nations people).

    This area has long been known for yielding many kinds of spectacular fossil fishes that lived in lakes and large rivers. Now, for the first time, we catch a glimpse of life on the riverbank.

    Fossil hunters search the Carboniferous red sandstone in the Mansfield area of Victoria. Such outcrops recently yielded the trackways of the world’s oldest reptile.
    John Long

    Two trackways of fossil footprints cross the slab’s upper surface, one of them overstepping an isolated footprint facing the opposite direction. The surface is covered with dimples made by raindrops, recording a brief shower just before the footprints were made. This proves the creatures were moving about on dry land.

    All the footprints show claw marks, some in the form of long scratches where the foot has been dragged along.

    The shape of the feet matches that of known early reptile tracks, so we are confident the footprints belong to an amniote. Our short animation below gives a reconstruction of the ancient environment around Mansfield 355 million years ago, and shows how the tracks were made.

    A short animation showing the creature making the tracks and its scientific significance. By Flinders University and Monkeystack Productions.

    Rewriting the timeline

    This find has a massive impact on the origin timeline of all tetrapods.

    If amniotes had already evolved by the earliest Carboniferous, as our fossil shows, the last common ancestor of amniotes and amphibians has to lie much further back in time, in the Devonian period.

    We can estimate the timing of the split by comparing the relative lengths of different branches in DNA-based family trees of living tetrapods. It suggests the split took place in the late Devonian, maybe as far back as 380 million years ago.

    This implies the late Devonian world was populated not just by primitive fish-like tetrapods, and intermediate “fishapods” like the famous Tiktaalik, but also by advanced forms including close relatives of the living lineages. So why haven’t we found their bones?

    The location of our slab provides a clue.

    Big evolutionary questions

    All other records of Carboniferous amniotes have come from the northern hemisphere ancient landmass called Euramerica that incorporated present-day North America and Europe. Euramerica also produced the great majority of Devonian tetrapod fossils.

    The new Australian fossils come from Gondwana, a gigantic southern continent that also contained Africa, South America, Antarctica and India.

    In all of this vast landmass, which stretched from the southern tropics down across the South Pole, our little slab is currently the only tetrapod fossil from the earliest part of the Carboniferous.

    The Devonian record is scarcely much better. The Gondwana fossil record of early tetrapods is shockingly incomplete, with enormous gaps that could conceal – well, just about anything.

    This find now raises a big evolutionary question. Did the first modern tetrapods, our own distant ancestors, emerge in the temperate Devonian landscapes of southern Gondwana, long before they spread to the sun-baked semi-deserts and steaming swamps of equatorial Euramerica?

    It’s quite possible. Only more fieldwork, bringing to light new discoveries of Devonian and Carboniferous fossils from the old Gondwana continents, might one day answer that question.


    We acknowledge the Taungurung people of Mansfield area where this scientific work has taken place.

    John Long receives funding from the Australian Research Council.

    Grzegorz Niedzwiedzki receives funding from the Swedish Research Council and the European Research Council.

    Per Ahlberg receives funding from the European Research Council and the Knut & Alice Wallenberg Foundation.

    – ref. Two lizard-like creatures crossed tracks 355 million years ago. Today, their footprints yield a major discovery – https://theconversation.com/two-lizard-like-creatures-crossed-tracks-355-million-years-ago-today-their-footprints-yield-a-major-discovery-254301

    MIL OSI Analysis – EveningReport.nz –

    May 15, 2025
  • MIL-OSI USA: Crapo Statement at Hearing on Trade in Critical Supply Chains

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo
    Washington, D.C.–U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) delivered the following remarks at a hearing entitled, “Critical Supply Chains.”
    As prepared for delivery:
    “Trade has the ability to increase productivity, incomes and the availability of goods.  While we talk often about how the increased supply and choice of goods that come from international trade benefit our consumers, we sometimes forget that this also benefits our producers. 
    “In fact, a majority of what we import each year is reinvested into more manufacturing, processing and farming activity.  Efficient and reliable supply chains help American businesses, farmers and workers expand their production and focus their resources on the high-value aspects of an industry.
    “The issue we must be wary about is when supply chains turn unreliable, in particular because they are controlled by countries that refuse to follow free-market rules, such as China.  As we are all aware, China continues its march toward expanding control over key resources and goods, and thus over the world’s supply chains.   
    “For example, advanced semiconductors increasingly rely on the rare earths mineral dysprosium.  Ninety-nine percent of dysprosium comes from China. 
    “This is not an isolated case where China has dominance over a strategic resource.  China controls over ninety percent of global processing for rare earths minerals and seventy percent for cobalt, which is used in batteries for electric cars, smartphones and other components.
    “The way China uses trade and investment to expand its control over resources outside its own borders is particularly concerning.  Indonesia has 40 percent of the world’s reserves for nickel, the largest of any single country.  Yet, Chinese firms control about 75 percent of Indonesia’s nickel refining capacity. 
    “We need to take a hard look at the reality of our situation and develop an aggressive strategy to counter China. 
    “Our domestic policies are at fault in some instances.  There are things we can produce efficiently here, but burdensome and unnecessary regulation stalls development of many important projects. 
    “We should not have to learn from another economic shock, like the oil embargo of the 1970s—to realize that where we have resources or potential for investment, it must be unleashed. 
    “Both sides of the aisle agree that we need a strong semiconductor industry.  In Asia, new semiconductor fabs are being built and deployed in under three years. 
    “In the United States, the semiconductor industry—one of the safest manufacturing sectors for workers—must contend with a myriad of permitting measures that provide only marginal, if any, benefit.  These permits, however, guarantee increased delays and costs, often adding years to projects. 
    “As part of its economic policy, the Trump Administration has prioritized deregulation as a means to drive economic growth, and I look forward to working with them to rationalize our regulatory system.  
    “In many other cases, geography and geology do not provide the United States with all the natural resources that we require.  Here, the fault rests mainly with the failure to develop an affirmative trade policy.  An affirmative trade policy ensures our consumers and manufacturers have access to the resources that our nation needs to be secure and independent. 
    “Here, for example, the Trump Administration was correct to exempt Canadian potash—a key nutrient for our corn and soy farmers, from recent tariffs.
    “Another key to the Administration’s economic approach is to renegotiate global trade deals, including deals that reclaim America’s lead over China.
    “Critically, these deals will be particularly useful in strengthening supply chains, if they improve market access opportunities.  Our trading partners must respect American investment and afford it the same treatment given to their own companies. 
    “Our partners must also realize that it bolsters their security when they do not inhibit access to cutting-edge American technology, like our state-of-the-art medical devices. 
    “Unfortunately, a number of trading partners use price controls, technology theft, weak intellectual property protections or unreasonable government procurement policies to keep these devices out of their markets.  Such actions only undermine the health of their own citizens, while leaving a strategic opening for China.
    “Today, we have an opportunity to consider these issues carefully.  Our four witnesses are experts on industries critical to America’s economic security.  We should encourage thoughtful debate on how to advance a trade policy that strengthens the security of our supply chains and creates opportunities for all Americans.”

    MIL OSI USA News –

    May 15, 2025
  • MIL-OSI Security: Columbia Sex Offender Charged with Child Pornography Offense

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    JEFFERSON CITY, Mo. – A Columbia, Mo., man has been indicted in federal court for transportation and possession of child pornography.

    Andrew Charles Nicholls, 38, previously charged by complaint, was indicted by a federal grand jury on May 13, 2025.  The indictment alleges that Nicholls, who has a prior conviction for child molestation in the second degree, transported and possessed child pornography images and videos depicting pre-pubescent children engaging in sexually explicit conduct using TOR, a dark web browser intended to conceal one’s online activities.   

    The charges contained in this indictment are simply accusations, and not evidence of guilt. Evidence supporting the charges must be presented to a federal trial jury, whose duty is to determine guilt or innocence.

    Under federal statutes, if convicted, Nicholls faces federal prison sentence of up to 40 years to be served without parole. The maximum statutory sentence is prescribed by Congress and is provided here for informational purposes, as the sentencing of the defendant will be determined by the court based on the advisory sentencing guidelines and other statutory factors. A sentencing hearing will be scheduled after the completion of a presentence investigation by the United States Probation Office.

    This case is being prosecuted by Assistant U.S. Attorney Ashley Turner. It was investigated by the Boone County Sheriff’s Cyber Crime Task Force with assistance from the FBI.

    Project Safe Childhood

    This case was brought as part of Project Safe Childhood, a nationwide initiative launched in May 2006 by the Department of Justice to combat the growing epidemic of child sexual exploitation and abuse. Led by the United States Attorneys’ Offices and the Criminal Division’s Child Exploitation and Obscenity Section, Project Safe Childhood marshals federal, state, and local resources to locate, apprehend, and prosecute individuals who sexually exploit children, and to identify and rescue victims. For more information about Project Safe Childhood, please visit www.usdoj.gov/psc . For more information about Internet safety education, please visit www.usdoj.gov/psc and click on the tab “resources.”

    MIL Security OSI –

    May 15, 2025
  • MIL-OSI Security: UPDATE: Warrant of further detention granted

    Source: United Kingdom London Metropolitan Police

    UPDATE On Wednesday, 14 May, a warrant of further detention was obtained at Westminster Magistrates’ Court, meaning the man can be detained for an additional 36 hours.

    +++

    A man arrested in connection with a series of arson attacks remains in police custody.

    The 21-year-old was arrested in the early hours of Tuesday, 13 May on suspicion of arson with intent to endanger life.

    He was arrested at an address in Sydenham.

    The man was taken to a London police station, where he currently remains in police custody.

    The arrest relates to three incidents.

    On Monday, 12 May at 01:35hrs, police were alerted by the London Fire Brigade to reports of a fire at a residential address in NW5.

    Officers attended the scene. Damage was caused to the property’s entrance, nobody was hurt.

    As a precaution and due to the property having previous connections with a high-profile public figure, officers from the Met’s Counter Terrorism Command are leading the investigation into this fire. Enquiries are ongoing to establish what caused it.

    The investigation team are also considering two other incidents – a vehicle fire in NW5 on Thursday, 8 May and a fire at the entrance of a property in N7 on Sunday, 11 May – and are investigating whether they may be linked to the fire in NW5 on 12 May.

    All three fires are being treated as suspicious at this time, and enquiries remain ongoing.

    Commander Dominic Murphy, Head of the Met’s Counter Terrorism Command, said: “We are working at pace and continue to explore various lines of enquiry to establish the cause of the fires, and any potential motivation for these. A key line of enquiry is whether the fires are linked due to the two premises and the vehicle all having previous links to the same high-profile public figure.

    “We recognise that this investigation may cause concern to other public figures – particularly MPs. The protection of MPs is something we take extremely seriously across the whole of policing and I would encourage any MP who is concerned about their own safety to get in touch with their dedicated local Operation Bridger officer, who can provide further advice and support.

    “In the meantime, our investigation remains ongoing and we will continue to work closely with local officers in the areas affected. Residents can expect to see an increased police presence in those areas over the coming days, but if anyone has concerns, then please speak with a local officer, or call us.”

    Anyone with information that could assist the investigation should call police on 101 quoting CAD 441/12 May.

    We would ask the public to remain vigilant and if they see or hear anything that doesn’t look or feel right, then to report it to police – either by calling police, in confidence, on 0800 789 321 or via www.gov.uk/ACT

    In an emergency, always dial 999.

    MIL Security OSI –

    May 15, 2025
  • MIL-OSI United Kingdom: Mayfair resident ordered to restore 18th century home after unlawful basement works | Westminster City Council

    Source: City of Westminster

    Westminster City Council has successfully defended an appeal against enforcement action by the owner of a three-storey town house in Mayfair, who carried out unauthorised works to the Grade II listed building.   

    The owner’s application for listed building consent to create a sub-basement was originally refused in 2010 after the Planning Inspectorate agreed with the council that it would harm the building’s special architectural and historic interest.   

    In 2020, the council’s Planning Enforcement Team discovered that the owners had ignored this ruling and had excavated the existing basement to enlarge it and also created a large sub-basement underneath.   

    Their investigations showed the owner had also carried out extensive unauthorised alterations to all other floors of the Grade II listed building, altering floor and ceiling heights, altering fireplaces, concealing and removing historic wood panelling, joinery and cornices, and installing air conditioning units to the rear of the property.   

    In February 2023, the council served a listed building enforcement notice requiring the removal of the unacceptable unauthorised works, including the infilling of the sub-basement and the restoration of the floor levels of the original basement.    

    The owner of the property appealed the notice, however, the Planning Inspectorate have now dismissed that appeal, again finding that the works were wholly unacceptable. The owner will now have to restore the Grade II listed building and the Planning Inspectorate also made a partial award of costs to the council for the costs incurred.    

    Cllr Geoff Barraclough, Westminster City Council Cabinet Member for Planning and Economic Development, said:     

    “I hope this outcome sends a clear message: those who ignore planning rules will be held accountable. It is simply not acceptable to carry out works that have been explicitly refused listed building consent. The owner showed a complete disregard for both our decision and the historic significance of this property. We remain committed to safeguarding Westminster’s unique architectural heritage.”

    The Listed Building Enforcement Notice can be found at the following link on the Council’s website:

    https://idoxpa.westminster.gov.uk/online-applications/enforcementDetails.do?activeTab=documents&keyVal=LMU4ZKRP17K00

    The appeal documents, including the Appeal and Costs Decision can be found here:

    23/00039/ENFHB | Appeal against | 74 Park Street London W1K 2JX

    MIL OSI United Kingdom –

    May 15, 2025
  • MIL-OSI Global: M&S cyberattacks used a little-known but dangerous technique – and anyone could be vulnerable

    Source: The Conversation – UK – By Hossein Abroshan, Senior Lecturer, School of Computing and Information Science, Anglia Ruskin University

    The cyberattack that has targeted Marks & Spencer’s (M&S) is the latest in a growing wave of cases involving something called sim-swap fraud. While the full technical details remain under investigation, a report in the Times suggests that cyber attackers used this method to access M&S internal systems, possibly by taking control of an employee’s mobile number and convincing IT staff to reset critical login credentials.

    Sim-swap fraud is not a new phenomenon, but it is becoming increasingly dangerous
    and more prevalent. According to CIFAS, the UK’s national fraud prevention service, Sim-swap incidents have surged from under 300 in 2022 to almost 3,000 in 2023. What had been mainly a risk to cryptocurrency investors or online influencers is now much more prevalent.

    This form of cyberattack shows how major companies and ordinary people can be compromised through a tactic that exploits human factors, such as trust and how we have built our digital identities around mobile phones.

    Sim-swap fraud begins when a scammer convinces a mobile operator to transfer a victim’s number to a new sim card, or even an esim (one that’s embedded in the device), under the scammer’s control.

    This can be done over the phone, through an online chat, or even with the help of a
    bribed insider. Once the number is transferred, all calls and texts intended for the victim are redirected to the scammer. This includes those crucial verification codes used for logging into email, banking, messaging apps such as WhatsApp, and government services such as HMRC.

    This alone would be dangerous. But what makes sim-swap fraud so influential is
    that the cyber scammer often already has access to a patchwork of personal data
    about their target. That information may have been collected from data breaches,
    phishing attacks, low-reputation websites, or even the victim’s social media.

    People often underestimate the extent to which they reveal themselves online: a birthday posted on Instagram, a phone number included in a job posting, or a home address used in an online giveaway. Scammers combine this data to build a convincing profile, enough to fool a mobile operator’s customer service staff into believing they’re talking to the real account holder.

    How the sim-swap fraud works

    Once the scammer gains control of a number, the consequences are extensive.
    Attackers can access sensitive information, including personal documents and
    request and receive password reset links for the user’s other accounts. They can log in to WhatsApp or Telegram accounts, read private messages, impersonate the user, and even contact friends or family members to conduct further scams.

    The victims might see false messages posted in their names or fraudulent transactions made from their accounts. This can lead to financial loss, reputation damage, as well as emotional and mental health issues on the part of the victims.

    In the case of M&S, attackers apparently used this access to manipulate internal
    processes and gain access to sensitive systems. This highlights a broader risk:
    many companies still rely on phone numbers as a secondary verification method for
    staff, making their systems vulnerable to the same cyberattack used against
    individuals.

    How sim-Swap fraud works.
    Hossein Abroshan

    Reducing the risk

    While real-time detection of mobile number hijacking remains difficult, taking specific steps can significantly reduce the likelihood of being targeted and victimised. People should avoid sharing personal data unnecessarily, especially across multiple platforms and, very importantly, on unknown or untrusted websites.

    Many attackers don’t obtain all the necessary information from a single source. Instead, they collect it incrementally, using public profiles, marketing databases and past leaks to form a comprehensive picture.

    Being mindful of where you share your phone number, birthday or other identifiers can make it harder for others to impersonate you. It is also crucial to learn how phishing works and how to recognise it, so you will not submit your sensitive information to phishing or fake websites.

    Avoiding SMS-based authentication, where possible, is another key step. Many
    services now support authenticator apps, such as Google Authenticator, Microsoft Authenticator, Due or Authy, which are not tied to your mobile number. For mobile
    accounts themselves, setting up a unique pin or password to your account, which
    must be provided to authorise any changes, can add an extra layer of protection. This makes it harder for someone to initiate a sim swap without that code. However, users alone cannot fulfil this duty.

    Mobile network operators must strengthen identity verification practices, moving beyond basic questions about names and addresses that can be easily gathered or guessed. Banks and other financial institutions should reconsider using SMS or, at the very least, SMS-only as the default method for sensitive authentication. And companies, particularly those handling personal data or financial assets, need to train their IT and customer service teams to recognise the signs of identity based attacks.

    Sim-swap fraud is effective not because it’s highly technical, but because it exploits our trust in phone numbers for identity verification. The M&S case and similar examples show how fragile that trust can be – and why securing our mobile identities is no longer optional.

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

    – ref. M&S cyberattacks used a little-known but dangerous technique – and anyone could be vulnerable – https://theconversation.com/mands-cyberattacks-used-a-little-known-but-dangerous-technique-and-anyone-could-be-vulnerable-256739

    MIL OSI – Global Reports –

    May 15, 2025
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