Local News
Wall Street Journal report questions port cranes
A Pentagon report published by the Wall Street Journal says the military sees Chinese-made cranes operating in U.S. ports as a potential ‘Trojan Horse’ that China could use to gather intelligence on materials being moved in and out of the country.
This comes hard on the heels of a report that a Chinese balloon shot down off the Coast of South Carolina was being used to spy on the U.S.
The state port at Gulfport has three cranes made by ZMPC in China. The gantry cranes used to load and unload container ships were installed in 2016.
The Chinese Foreign Ministry has…
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.
The post FDA takes aim at Hims and other telehealth services in drug advertising blitz appeared first on www.wxxv25.com
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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