Welcome to America’s Newsletter from Tag The Flag, the best morning newsletter on the internet, bringing you nonpartisan news and every view of the Red, White, and Blue. Here’s what you need to know to start your day.
📌 BULLETIN BOARD
Let’s kick this week off with some good news out of Arkansas where a teen is making sure that veterans are being honored every day, not just once a year, by decorating their graves across the country.
🦅 U.S. NEWS
DHS Secretary Kirstjen Nielsen resigns after clashes with Trump on immigration
President Trump announced Sunday afternoon that Homeland Security Secretary Kirstjen Nielsen “will be leaving her position” after 16 months in the job. Trump also announced that U.S. Customs and Border Protection (CBP) Commissioner Kevin McAleenan will replace Nielsen as acting secretary. Why it matters: it adds another challenge for an administration grappling with its core immigration agenda while facing a surge of migrants at the southern border. – Fox News
The online drug startups Hims and Kick are wading into a legal gray area
New online drug start-ups Hims and Kick are challenging existing rules for selling drugs, marketing generics for uses unapproved by the FDA. Currently, under FDA rules, pharmaceutical companies can be fined if they make claims that have not been approved by the agency, but doctors are allowed to prescribe whatever they want for “off-label” uses. Why it matters: because the start-ups are third parties, with no relationships with the manufacturer, they can claim to be facilitators for patients without coming under FDA scrutiny. – Bloomberg
Pinterest Is Expected to Set IPO Price Range Below Last Valuation
Pinterest plans to set a price range for its initial public offering that is below where the online image-search company last raised money privately when it begins a roadshow to pitch the shares to investors today. Pinterest most recently sold shares to pre-IPO investors in 2017 at a price of $21.54 each, according to regulatory filings, valuing the startup at roughly $12 billion. It isn’t clear what range the company will set today but it is expected to fall below that level. – WSJ (subscription)
American Woman And Her Driver Freed From Kidnappers, Ugandan Police Say
An American woman and her Ugandan guide who were kidnapped while on safari this past week have been freed after a ransom was paid, according to officials with the safari company with which they were traveling. Background (and strange anecdote): A group of gunmen stopped the tourists’ vehicle and seized the American woman and the guide. The gunmen left behind a Canadian couple in their late 70s, who continued on their vacation. – New York Times
Suspected rhino poacher killed by elephant and then eaten by lions, police say
Speaking of Safaris, a suspected rhino poacher in South Africa was killed by an elephant before his body was apparently devoured by lions, authorities said. A search team in Kruger National Park was only able to recover a skull and a pair of pants. South African National Parks said Friday that the victim and four accomplices were trying to poach a rhino Tuesday evening. – CBS News
US expected to designate Iran’s Islamic Revolutionary Guard Corps as a foreign terrorist organization
The Trump administration is preparing to designate Iran’s Revolutionary Guard a “foreign terrorist organization,” an unprecedented move against a national armed force that could have widespread implications for U.S. personnel and policy in the Middle East and elsewhere. In response, 255 lawmakers warned the U.S. that Iran will take action against the U.S. if it moves forward with the plans. – TIME / The Hill
Expected Earnings Pullback Sets Up Big Test for Bull Market
The stock market’s strongest run in more than two decades will be tested beginning this week, as a looming pullback in corporate profit growth sets up major indexes for a fresh bout of volatility. Big picture: With earnings season kicking off in earnest this week and valuations creeping up to their highest levels in more than half a year, investors say they plan to scrutinize corporate executives’ comments to gauge whether the contraction in corporate profit growth is a momentary blip or further evidence of a late-cycle economic slowdown. – WSJ (subscription)
1st-timers Texas Tech and Virginia face off for NCAA title
For Virginia and Texas Tech, doing something that had never been done before took hard work, dedication, determination — and vision. The Cavaliers and Red Raiders meet in the NCAA Tournament championship game tonight. Why it matters: Neither program has ever been this close to a title, making it a rare matchup of first-timers to the final game of the college basketball season. The last time both teams in the championship game had never been there before was 40 years ago, when Magic Johnson and Michigan State beat Larry Bird and Indiana State. – AP
Snapchat lost 1 million daily active users in 2018, and it’s down more than 5 million users from its peak last February. However, at its first-ever Partner Summit last week, Snap introduced several new products that could potentially enable it to grow revenue without having to grow its user base. First off the company launched the Snap Audience Network which will allow advertisers to buy ads in Snap and reach its developer partners’ apps. For context, Facebook launched its own ad network in 2014. Secondly, it announced Snap Games, a new gaming platform built right into Snapchat. Lastly, it’s launching App stories, which will allow app developers to display stories from Snapchat users in their own apps. The big picture: Instagram has been slowly eating away at Snap – these are their ways to fight back. – Motley Fool
🤝 PRESENTED BY
Today’s edition is brought to you by Grace Alley’s 100% American Made Flags, which come with a “1 Year, No Questions Asked Warranty”. With Quality Embroidered Stars and Stitched Stripes you know you’re not getting some cheap knock-off. Click here to get your home or office porch ready for the spring with Grace Alley→
ON THIS DAY IN HISTORY
1974: Hank Aaron breaks Babe Ruth’s all-time home run record
On this day in 1974, Hank Aaron of the Atlanta Braves hits his 715th career home run, breaking Babe Ruth’s legendary record of 714 homers.
Yesterday’s top tag was a video of a WWII vet who steps outside his home every night at sunset to play The National Anthem and Taps to Old Glory across the street at the post office.