Good Morning! Today’s edition is 921 words, a 4-minute read.

What’s on tap: 

• Evidence ties suspect to Kirk killing

• Bengals quarterback out for months

• Vatican drone show

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Big Stories

Semiannual Reports Proposal

• President Trump proposed ending mandatory quarterly earnings reports on Monday, suggesting companies switch to semiannual reporting instead. He said the change would save money and let managers focus on long-term strategy. He attempted similar changes during his first term without success.

• The proposal would require SEC approval, where Republicans hold a 3-1 majority and could implement changes within 6-12 months. Warren Buffett and Jamie Dimon previously supported reducing quarterly guidance, arguing it creates excessive focus on short-term results over sustainability.

• Critics argue the current system provides essential investor transparency, noting US reporting standards are among the world's most reliable. The proposal would align with European practices of semiannual reporting.

Education Funding

• The Education Department redirected nearly $500 million from Hispanic-serving colleges to historically Black and tribal colleges, cutting grants it called 'unconstitutional.' The move creates a 48% funding increase for HBCUs and doubles tribal college funding while eliminating decades-old programs serving Latino students.

• The Justice Department argues Hispanic-Serving Institution grants violate the Constitution by requiring colleges to have 25% Hispanic enrollment. Education Secretary McMahon said the changes redirect money from 'discriminatory programs' toward merit-based education.

• The cuts reverse programs created in 1998 after Congress found Latino students were graduating at far lower rates than white students. The department used discretionary funding authority from a congressional stopgap bill to implement the changes. An additional $60 million will go to charter schools and $137 million to civics education.

Evidence Ties Suspect to Kirk Murder

• FBI Director Kash Patel revealed Monday that Charlie Kirk's accused killer sent a text message before the shooting stating he planned to kill the conservative activist. Tyler Robinson also allegedly wrote a physical note saying he had the 'opportunity to take out Charlie Kirk,' according to FBI claims about destroyed evidence. DNA matching Robinson was found on the rifle, and a screwdriver was recovered from the shooting site.

• The 22-year-old suspect sent a Discord message to friends, apparently confessing to the crime, writing "It was me at UVU yesterday. im sorry for all of this" shortly before his arrest Thursday night.

• Investigators believe Robinson acted alone but are examining whether others helped plot the killing. Robinson was raised in a conservative family but had developed different political views, relatives told investigators. He's expected to face formal charges on Tuesday and could face the death penalty.

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Quick Stories

US News

• The Pentagon ordered all service members to be clean-shaven on Monday, ending previous policies that allowed beards and mustaches with medical or religious waivers. (More)

• The FBI arrested two men who planted a failed incendiary device under a Utah TV news van, charging them with terrorism and possession of weapons of mass destruction. (More)

• New York Governor Kathy Hochul endorsed democratic socialist Zohran Mamdani for New York City mayor, saying he shares her commitment to affordability. (More)

World

• President Trump announced the US military killed three alleged Venezuelan drug traffickers in a second strike on boats carrying cocaine and fentanyl to America. (More)

• Mixed martial arts fighter Conor McGregor withdrew from Ireland's presidential race Monday after failing to win support from lawmakers needed to get on the ballot. (More)

• Cuba forces 60,000 prisoners to make cigars and charcoal sold to Europe under threats and violence, according to a Madrid human rights group. (More)

Business & Economy

• US stock markets closed higher on Monday (S&P +0.47%, Nasdaq +0.94%, Dow +0.11%). Stocks rose after President Trump said US-China trade negotiations were going well. (More)

• China and the US agreed on a plan to transfer TikTok to American ownership. Trump and Xi Jinping will meet on Friday to finalize the deal. (More)

• Elon Musk bought $1 billion of Tesla stock on Friday, pushing shares up 5% Monday amid a new pay plan that could make him the world's first trillionaire. (More)

Sports & Entertainment

• Baker Mayfield led Tampa Bay to a dramatic 20-19 win over Houston with a touchdown drive in the final seconds, his second game-winning drive this season. (More)

• Tom Brady announced he'll return to play flag football in a celebrity tournament featuring NFL stars in Saudi Arabia on March 21, 2026. (More)

• Bengals quarterback Joe Burrow likely needs surgery for turf toe that could sideline him three months, head coach Zac Taylor said Monday. (More)

Science, Health, & Tech

• Researchers used lasers to confirm Jackson Pollock used manganese blue pigment in his 1948 painting, solving a mystery about the vibrant turquoise color's origins. (More)

• Chinese scientists engineered a new carbon pathway in plants that tripled their size and boosted fat production 100-fold, potentially improving crops and climate efforts. (More)

• Scientists discovered the oldest known lizard ancestor in England, a tiny 242-million-year-old creature that used large teeth to hunt cockroaches. (More)

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