Local News
“Grand Magnolia Grammy Gala” features top songwriters Rodney Crowell and Mac McAnally
SUMMARY: Grammy-winning songwriters Rodney Crowell and Mac McAnally are returning to The Grand Magnolia Ballroom for intimate performances. Crowell, known for his songwriting excellence and numerous hits, will perform on March 8th. With 15 number-one hits and multiple Grammy Awards, Crowell’s catalog includes iconic songs like “Please Remember Me” and “Ashes by Now.” McAnally, a 10-time CMA Musician of the Year, will perform on April 25th. A native of Belmont, Mississippi, McAnally has written hits for artists like Kenny Chesney and Alabama, and his songs are frequently covered by Jimmy Buffett. Tickets are available at www.grandmagmusic.com.
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Local News
Prosecutors already have dropped nearly a dozen cases from Trump’s DC crime surge, judge says
SUMMARY: Since President Trump’s emergency law-and-order surge began last month in Washington, D.C., over 50 people have faced federal charges, but at least 11 cases have been dismissed, straining court resources. Judges criticize prosecutorial decisions as poorly vetted, with grand juries occasionally refusing indictments, indicating weak evidence. U.S. Magistrate Judge Matthew Sharbaugh warned that the strategy’s high dismissal rate has “real-world consequences.” Some serious charges, including assaults on federal agents, have collapsed or been downgraded to misdemeanors. U.S. Attorney Jeanine Pirro defends her office’s actions, citing evolving evidence, while critics argue the surge’s legal approach mishandles cases and tarnishes justice.
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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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