If a user specifies for example, an alias for a link in an event created in a calendar, or the name of a page that's internal to the Wiki, the link should be rendered within {calendar-events} by just showing the alias, or by just showing the name of the page. There's no reason to show the full URL to the page, especially if it's internal to the Wiki.

Ideally, if the page is internal to the Wiki, but it exists in another space, still just the name of the page would be displayed as the link, but that's a nice-to-have.

At the very least, whether the link points to an internal page or an external site, if an alias has been specified, just that alias should be used when displaying the link in {calendar-events}. This is particularly helpful if you embed, for example, the {calendar-events} macro in a panel within Theme Builder, so that the panel doesn't just continue to expand in order to fit the entire width of the full URL to an event's link.