Monday, January 27, 2025

Good morning! On this day in 1801, the Senate confirmed John Marshall as the Chief Justice of the United States Supreme Court. Marshall served for 34 years and is credited with helping to establish the Supreme Court as the final authority on interpreting the Constitution.

Thank you for checking out The Virginia Flyover. Be sure to scroll down to our Business section today to read about the Falls Church icon that's shutting its doors after 140 years.

Later today, we’ll send you a special email featuring our partner, GoldCo, who offers free financial advice to help safeguard your retirement savings. We hope you find their offer valuable!

Today's sponsor is Mode Mobile, which is offering an investment opportunity in a smartphone company that is disrupting the market.

Richmond Cited for Water System Failure

The Virginia Department of Health (VDH) said the city of Richmond has “demonstrated that it does not have sufficient, proven capabilities to support its customers, businesses, and healthcare facilities” with clean water. VDH filed a notice of alleged violation against the city and ordered corrective action.

The city hired the national infrastructure firm HNTB to investigate why its water treatment plant failed after a power outage on Jan. 6, which left large parts of the city without running water. VDH will also hire an investigative firm to study the incident and recommend changes.

Lawmakers on the state Senate’s Education and Health committee moved forward with a bill that would compel water operators to report all plant malfunctions to the state within one day or be charged with gross negligence.

Before the failure in Richmond, the Orange County water system was criticized last year for being slow to report a malfunction that left residents without drinkable water for almost a week.

Small Plane Crashes Near Charlottesville

The pilot of a small plane died in a crash near Charlottesville on Saturday. No one else was on board. State police are investigating the incident, which occurred shortly after noon.

The flight took off from Rockingham, N.C., and the plane went down a few miles south of Charlottesville Albemarle Airport.

The aircraft was reportedly a Beechcraft V35B Bonanza that lost power on its approach to the airport.

Commanders Crushed in Philadelphia

The Washington Commanders were crushed by the Eagles, losing 55-23. It's the most points a winning team has ever scored in the NFC Championship game.

The Commanders struggled to put together any offense. They turned the ball over three times, and they couldn't stop the Eagles' "tush push" short-yardage play.

Washington finished the season with a record of 14-6 overall, including two postseason wins, a vast improvement over last year's 4-13 record.

The future seems bright after quarterback Jayden Daniels set an NFL postseason record for passing yards by a first-year player. Despite the loss, Daniels is expected to win Rookie of the Year.

The Eagles earned a trip to Super Bowl LIX in New Orleans in two weeks.

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➤ Statewide: A recent poll showed that the economy and the cost of living are the most important issues for Virginians, with 59% expressing concern. Other issues include K-12 education (14%), crime and public safety (9%), immigration (7%), and higher education (2%). (Details)

➤ Richmond: The Department of Environmental Quality reported that last year’s sewage leaks into the James River were caused by the city’s temporary pumps failing. According to state officials, the pumps were filled with the wrong type of fuel, causing them to shut down. (More)

➤ Danville: Officials stated that the city’s financial future looks good, with general revenues so far this fiscal year running ahead of last year’s totals. "We rebounded from the closure of tobacco and textile economy, so now we're investing in technology, high-tech manufacturing,” Chief Financial Officer Michael Adkins said. (More)

➤ Virginia Beach: The family of Juan Sebastian Mejia Acevedo announced they have received a ransom request for their missing child. State police issued an Amber Alert for the 12-year-old, who was last seen on Friday. (Details)

➤ Richmond: Lawmakers moved forward with bipartisan proposals to create state-run Pharmacy Benefit Managers to monitor prescription drugs in the Medicaid program. (Details)

➤ Northern Virginia: VDOT asked drivers to avoid the Beltway near Tysons for several days as crews installed five lines of steel girders over the roadway. Work was expected to wrap up today. (More)

➤ Sarah Everhardt, an 18-year-old from Haymarket, captured the bronze medal at the U.S. Figure Skating Championships. The win automatically qualifies her for next year’s competition, which will serve as a lead-in to the 2026 Olympics. (Details)

➤ Virginia Tech announced it will host its annual spring football game on April 12. (More)

➤ Olympic champion Jackie Joyner-Kersee is scheduled to speak at the RVA Sports Awards on Feb. 8 in Richmond. (Details)

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➤ Brown’s Hardware, the oldest business in Falls Church, will close this spring after 142 years. The land the store sits on is expected to sell for more than $1.3 million. (Details)

➤ BWX Technologies of Lynchburg is working with NASA to develop nuclear thermal propulsion technology that could reduce travel time to Mars. If successful, the technology could cut the trip from six months to just four. (Details)

➤ The National Landing Business Improvement District in Arlington expects to welcome 20 new businesses this year, following the addition of nearly 40 businesses in 2024. (More)

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Mode Mobile saw 32,481% revenue growth from 2019 to 2022, ranking them the #1 overall software company on Deloitte’s most recent fastest-growing companies list. Mode’s flagship product EarnPhone, a budget smartphone, has already helped consumers earn & save $325M+.

➤ The Virginia American Revolution 250 Commission’s mobile museum is set to tour the state to give every middle school student a chance to learn about Virginia’s colonial history. (Look Inside)

➤ Richmond City Council voted in November to relocate the city’s Greyhound bus hub to the Main Street Station. The demolition and building permits were filed last week for the redevelopment of the former location on N. Arthur Ashe Blvd. (Details)

➤ The Virginia Wine Benefit, which raises funds to support the growth of the state’s wine industry, will host a fundraising auction on April 25. (More)

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Should the U.S. attempt to send people to Mars?

Friday's Results:

Will the Commanders win in Philadelphia?

Yes: 54%
No: 46%

Where did Supreme Court Chief Justice John Marshall go to law school in 1780?

Show me the answer

1 Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.

2 A minimum investment of $1,950 is required to receive bonus shares. 100% bonus shares are offered on investments of $9,950+.

3 Please read the offering circular and related risks at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation A+ Offering.

Past performance is no guarantee of future results. Start-up investments are speculative and involve a high degree of risk. Those investors who cannot afford to lose their entire investment should not invest in start-ups. Companies seeking startup investment tend to be in earlier stages of development and their business model, products and services may not yet be fully developed, operational or tested in the public marketplace. There is no guarantee that the stated valuation and other terms are accurate or in agreement with the market or industry valuations. Further, investors may receive illiquid and/or restricted stock that may be subject to holding period requirements and/or liquidity concerns.

DealMaker Securities LLC, a registered broker-dealer, and member of FINRA | SIPC, located at 105 Maxess Road, Suite 124, Melville, NY 11747, is the Intermediary for this offering and is not an affiliate of or connected with the Issuer. Please check our background on FINRA's BrokerCheck.

This is a paid advertisement for Mode Mobile Reg A offering. Please read the offering statement at https://invest.modemobile.com/. Rainmaker Ad Ventures is paid by Mode Mobile for promoting their securities offering. Payment is in cash and billed monthly. As of the end of December, Rainmaker has received $118,085. Additional fees may have accrued since then.

**https://www.sec.gov/Archives/edgar/data/1748441/000149315224029326/0001493152-24-029326-index.html

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