5 Things to Know This Morning

July 3, 2012— -- Your look at the five biggest and most buzz-worthy stories of the morning.

1. Officials: No Specific Terror Threat Against US on Independence Day
According to intelligence and law enforcement officials, there is no specific terror threat for the upcoming 4th of July holiday on Wednesday. There is ongoing concern, however about plots being developed by Al Qaeda's affiliate in Yemen – and officials say people should expect security to be stepped up in major cities on Independence Day.

2. Drug Maker Settles Case for $3 Billion
Drug maker GlaxoSmithKline agreed to plead guilty to criminal charges and to pay $3 billion in fines for promoting its antidepressants for unapproved uses and for neglecting to report safety data about a diabetes drug. It is the largest settlement involving a pharmaceutical company.

3. Millions Without Power on East Coast
Tens of thousands of people are without power in the Midwest after severe storms hit the area overnight. Almost 1.8 million people from North Carolina to New Jersey are still without electricity after a severe summer storm.

4. Firefighters Gaining Advantage Against Wildfire
The Waldo Canyon fire is now 70 percent contained, but a military cargo plane fighting a fire in South Dakota forced officials to ground several other Air Force air tankers during one of the most destructive wildfire seasons on record.

5. New Search for Amelia Earhart
Another search for Amelia Earhart begins today. Scientists, historians and salvagers headed to the South Pacific on a $2.2 million expedition hope to crack the case of what happened to the aviator when she disappeared 75 years ago.