Obama Awards King; Diamonds Stolen at Cannes - Presented by: The Aol. On Network

U.S. President Barack Obama has awarded singer-songwriter Carole King the Gershwin Prize for Popular Song. King is the first female to be handed the award since the prize was conceived in 2007. The honoree and longtime collaborator James Taylor sang "You've Got a Friend" during the close of the tribute. Previous winners of the prize given out by the Library of Congress include Paul Simon and Stevie Wonder.



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