Walmart walks back health centers; Cartier earrings for $28?

Fort Worth will consider giving ITS Logistics about $847,000 in grants over three years May 14 based on more than 300 new jobs created at a new supply chain warehouse at 2859 Crockett Street. ITS opened a 1-million-plus square-foot warehouse in Haslet in 2022. 

Remember those 20+ Walmart Health Centers we told you would be opening in Texas this year? Not going to happen. In fact, the three that opened this month are closing. What happened?

Tamiko Bailey, owner and CEO of Fort Worth-based Bailey's Premier Services, has been named 2024 Small Business Person of the Year for Texas by the U.S. Small Business Administration. Bailey’s Premier Services provides rapid, safe, quality aircraft maintenance services and supplies for facilities, base operations, and logistics support domestically and abroad.

One in eight men will develop prostate cancer and surgery can lead to unwelcomed side effects. A minimally invasive alternative that avoids surgery is available in Tarrant County. KERA has the high-intensity focused ultrasound story with urologist Dr. Parth Shah of Texas Health Southwest.

Fort Worth has authorized an agreement with All American Tire Recyclers for tire recycling and disposal services for up to $180,000 annually. 

Early voting has ended and Saturday is the day to vote. Learn what’s on the ballot and where to vote.

Mayfest is Thursday through Sunday in Trinity Park. Bring your library card to your local Fort Worth Library and get a free one-day ticket.

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Three virtual production stages are being built near Roanoke that will change location shooting forever. Dallas Innovates has the story on the partnership between Trinity Broadcasting Network and Optic8 out of Seattle.

Pay and benefits for America’s workers grew more quickly in the first three months of this year, a trend that could contribute to higher inflation and raise concerns about the future path of price increases at the Federal Reserve. The Fed meeting ends today, and expectations are that borrowing rates will remain between 5.25-5.50%. 

The Associated Press is reporting the U.S. Drug Enforcement Administration will move to re-classify marijuana as a less dangerous drug, The DEA’s proposal must be reviewed by the White House Office of Management and Budget. It would recognize the medical uses of cannabis and acknowledge it has less potential for abuse than the most dangerous drugs, but it would not legalize marijuana for recreational use.

Fed speak x 2:

• A federal appeals court ruled state insurance plans in North Carolina and West Virginia must provide coverage for gender-affirming care. Bills restricting the rights of transgender people have been on the rise in state legislatures.

• A federal judge said she would decide whether to stop Dallas from requiring sexually oriented businesses to close between 2 a.m. and 6 a.m. Attorneys for three cabarets told U.S. District Judge Jane Boyle the ordinance and measures taken to enforce it are unconstitutional.

Snippets:

• If you'd like to follow what is happening with Fort Worth Economic Development, its website is up. 

• The Centers for Disease Control and Prevention has identified the first cases of HIV transmitted through cosmetic needles (think Botox).

Daily digit: 1.5 million pizzas sold by Domino’s daily. Same-store sales are up 5.6 percent year over year. As of last year, the average Domino’s location was bringing in $162,000 in yearly profit for a franchisee, up from $139,000 in 2022.

Significant stat: Nearly 40 million families fall in the category of ALICE — Asset Limited, Income Constrained, Employed — according to United Way’s United for ALICE program. The term refers to households earning above the poverty line, but less than what’s needed to get by.

Priceless paradox: In a case of something appearing too good to be true, a Mexican man claimed victory over Cartier after a site error let him purchase two pairs of earrings for $28 instead of $28,000.

Wild card: The July 20 bout at Arlington’s AT&T Stadium between YouTuber-turned-prizefighter Jake Paul and former heavyweight boxing champion Mike Tyson will be classified as a sanctioned, professional fight by the Texas Department of Licensing and Regulations.

Announcements:

• BOK: Executive Vice President Mark Nurdin resigns after 14 years with the bank.

• Texas Rangers Baseball Club: Adds Garrett Geisler as staff accountant; Erin Sterling as coordinator accounts receivables; and Isabella Keating as assistant/ broadcasting and communications.

• Higginbotham: Promotes Chris Rooker to President of Business Insurance; and appoints John Schramm as Chief Operating Officer, Business Insurance.

• PNC: Adds Hazel Stewart as Commercial Relationship Manager. 

• Phelps: Adds CRE attorney Richard DeBerry.

• BNSF: Adds Robin Butler-Korte to System Analyst - Transportation team.

• Lutheran Church Charities: Hires Rick Waters as Director of Communications.

Last poll results: What is your opinion of CEO compensation at large American companies? Too high (40%), Too low (14%), About right (13%), It depends (19%), Undecided (14%).