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A rare winter storm swept across the southern US yesterday, bringing record-breaking snowfall to multiple states along the Gulf Coast and prompting first-ever blizzard warnings in areas like Lake Charles, Louisiana. As of this writing, at least 10 people have died from exposure to the cold or crashes on icy roads.
The highest snowfall total recorded was 10.5 inches in Rayne, Louisiana, a modern-day record (though the area may have received 20 inches in 1895). New Orleans received its biggest snowfall based on modern records; and both Pensacola, Florida, and Mobile, Alabama, shattered 130-year records. The storm caused widespread travel disruptions, with airports in Houston halting operations and more than 2,200 flights canceled across the country. States of emergency have been declared in Louisiana, Georgia, Alabama, Florida, and Mississippi as the region battles dangerous travel conditions and power outages.
Winter weather events in the region are rare, typically occurring only once or twice per generation, and require a specific meteorological combination: an Arctic jet stream positioned over the Plains and a low-pressure system in the Gulf of Mexico. See one-day snowfall records by US county here.
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Twenty-two attorneys general and a group of immigration organizations led by the American Civil Liberties Union have filed lawsuits challenging an executive order that attempts to ban birthright citizenship.
President Donald Trump signed the order Monday to end the 157-year-old immigration practice that has granted US-born children citizenship regardless of their parents’ legal status. The lawsuits argue Trump's order violates a longstanding interpretation of the US Constitution's 14th Amendment, formed in an 1898 Supreme Court decision. The US is one of 33 countries and two territories providing unrestricted birthright citizenship. Legal analysts say Trump's order is unlikely to take effect next month as planned with the measure tied up in court.
Separately, Enrique Tarrio, former leader of the alt-right Proud Boys, and Stewart Rhodes, founder of the antigovernment Oath Keepers militia group, were released from prison yesterday. The two are among more than 1,500 people Trump pardoned in connection with the Jan. 6, 2021, US Capitol storming. See all of Trump's executive actions here.
Meanwhile, a judge blocked the Justice Department from releasing the portion of special counsel Jack Smith's report related to Trump's classified documents case.
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The Food and Drug Administration approved pharma giant Johnson & Johnson's nasal spray Spravato yesterday, making it the first approved standalone drug therapy for treatment-resistant depression.
Roughly a third of the 21 million American adults diagnosed with major depressive disorder (see overview and statistics) do not respond to at least two standard treatments for the condition. Participants in clinical trials of Spravato showed relief from symptoms—including persistent sadness, low energy, and suicidal ideation—as quickly as 24 hours after receiving the drug, weeks faster than typical oral antidepressants. The nasal spray—approved in 2019 for use in tandem with oral drugs—saw over $750M in sales last year, and Johnson & Johnson expects that number to approach $5B annually.
Because the drug—whose generic name is esketamine—is derived from ketamine, a hallucinogen used for anesthetic purposes, its use is restricted to clinics where the patient is monitored for two hours. More than 3,000 treatment centers in the US are currently certified to dispense it.
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In partnership with SmartAsset
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7 Mistakes When Choosing A Financial Advisor
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Working with a financial advisor can be a crucial part of any healthy retirement plan.
Research suggests that people who work with a financial advisor feel more at ease about their finances and could end up with about 15% more money to spend in retirement.* But choosing the wrong one could wreak havoc. Avoiding these 7 mistakes people make when hiring an advisor could potentially help reduce financial stress.
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Sports, Entertainment, & Culture
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In partnership with Med-X
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> At least 76 people killed, 51 injured in ski resort fire in northwestern Turkey; hotel owner and eight others arrested as authorities investigate cause of blaze (More)
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> New fires break out in San Diego area, including Lilac Fire, which has burned 85 acres and is 50% contained as of this writing (More) | Palisades Fire and Eaton Fire in Los Angeles are so far 65% and 89% contained, respectively (More, w/map)
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In partnership with SmartAsset
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How to Set Up a Family Trust
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A family trust is a specific type of trust you could use to help ensure your loved ones receive your wealth and potentially avoid public disclosure of trust assets. Wondering if this strategy is right for your assets? Learn more about what family trusts are used for and how to set one up.
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*Disclosure: "Journal of Retirement Study Winter" (2020). The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of your future results. Please follow the link to see the methodologies employed in the Journal of Retirement study.
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