Local News
6/14 – The Chief’s “Slight/Enhanced Severe Potential” Wednesday Afternoon Forecast
SUMMARY: A disturbance in weather patterns is expected to bring a moderate threat to the Southeastern US into the early afternoon, with all forms of severity in play until the activity slides away. A further round of potential severe weather will again be possible overnight, with widespread severe thunderstorms expected near the Arkansas, Louisiana, and Texas region moving east across Mississippi and Alabama.
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Local News
FDA takes aim at Hims and other telehealth services in drug advertising blitz
SUMMARY: The FDA has targeted telehealth companies like Hims & Hers for promoting unofficial versions of prescription drugs, especially weight loss medications, with misleading advertising. The agency sent over 100 warning letters ordering removal of false claims that compounded drugs are equivalent to FDA-approved ones like Wegovy and Ozempic. This crackdown follows a Trump administration directive to ensure pharmaceutical ads are truthful and non-misleading. Hims, which offers customized compounded treatments, disputes being subject to traditional drug ad rules. The FDA also criticized AstraZeneca’s FluMist vaccine ad for downplaying side effects. Critics argue drug ads boost demand, sometimes causing inappropriate prescribing.
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Local News
Trump says the US should do away with quarterly earnings reports
SUMMARY: President Donald Trump advocates ending mandatory quarterly earnings reports, proposing a shift to semi-annual reporting to save costs and allow managers to focus on long-term company growth. Since 1970, the SEC has required quarterly financial disclosures to provide investors timely updates and reduce information asymmetry, especially after economic downturns. Supporters of less frequent reporting argue quarterly reports are costly, time-consuming, and encourage short-termism among executives. The Long-Term Stock Exchange plans to petition the SEC for semi-annual reporting with an option for quarterly updates, aiming to promote sustainable growth. Critics emphasize quarterly reports’ value in offering investors crucial financial insights and risk awareness.
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Local News
DNA evidence found near scene of Charlie Kirk’s shooting matches suspect, FBI director says
SUMMARY: DNA on a towel around a rifle linked Tyler Robinson, 22, to the assassination of conservative activist Charlie Kirk, FBI Director Kash Patel revealed. Robinson’s DNA also matched a screwdriver found on the rooftop from which Kirk was shot at Utah Valley University. Authorities plan capital murder charges against Robinson, who reportedly hated Kirk and adhered to a “leftist ideology.” Robinson left a note expressing intent to kill Kirk and may have been radicalized online. Ammunition used had anti-fascist engravings. Tributes to Kirk, a key conservative figure and Trump confidant, continue nationwide, with Vice President JD Vance honoring him on Kirk’s show.
The post DNA evidence found near scene of Charlie Kirk’s shooting matches suspect, FBI director says appeared first on www.wxxv25.com
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