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President Bush travels to Chicago today for lunch and a speech that outlined his plans for increasing economic growth. Those plans for a return to the tax-cutting ways the administration followed in its first months in office two years ago, with a strong emphasis on reducing taxes on investors. NPR's Don Gonyea reports.

NPR's Kathleen Schalch reports President Bush's plan to eliminate the income tax on corporate dividends draws fire from Democrats who complain the administration's tax cuts benefit the wealthy and don't do enough to stimulate the economy. The Administration counters that tax cuts will spur economic growth, and that's good for everyone.

Bristol-Myers Squibb agrees to pay $670 million to settle several lawsuits. The suits accused the pharmaceutical company of fraudulently restricting competitors from selling cheap copies of two of its best-selling drugs. NPR's Snigdha Prakash reports.

Hundreds of studies have examined whether alcohol has health benefits. Many have suggested it does. Now a study in nearly 40,000 people suggests that it's not how much alcohol you drink, but how often you drink it. NPR's Richard Knox reports.

Research published in the current issue of the science journal Nature shows that lobsters use the earth's magnetic fields to navigate the ocean. Scientists believe the lobsters -- and other animals with homing instincts such as birds -- have tiny amounts of a mineral in their body that actually pick up the magnetic field. NPR's Eric Niiler reports.

NPR's Tom Huizenga reports on Buffalo Philharmonic music director Joann Falletta's rediscovery of American composer Frederick Shepherd Converse. Converse, born on this day in 1871, was best known for his orchestral tone poems written around the turn of the century. Falletta has brought his music back to life on a recent CD called Converse: The Mystic Trumpeter (Naxos 8.559116).

The 108th Congress convenes with a new Senate majority leader, Sen. Bill Frist (R-TN). Frist, who replaces Trent Lott of Mississippi, is considered a White House favorite, but others criticize his voting record and views. NPR's Andrea Seabrook reports.

California lawmakers scramble to save the state's coastal commission, which regulates development and environmental resources along the coastline. An appellate court ruled its makeup unconstitutional last week. Carrie Kahn of member station KQED reports.

The World Bank and International Monetary Fund urge developing nations to turn their water utilities over to private companies. Opponents say water is a basic human need and should not be sold for profit. NPR's Kathleen Schalch reports.

NPR's David Welna reports on budget negotiations in Congress, where President Bush is trying to push through his 10-year, $1.6 trillion tax-cut plan. Lawmakers are said to be working towards a bipartisan compromise that would give Mr. Bush less than he asked for, but one that -- according to one senator -- both sides could "live with."