Kenny Polkari, chief market strategist at Slatstone Wealth, discusses earnings for major tech companies as Amazon reported a $4 billion loss in the first quarter.
Tesla Inc. The Texas-based company is among a small but growing number of US companies offering travel coverage for employees who need to cross state lines to get medical care, including abortion.
These companies offer Benefits With the transformation of the landscape of state and federal abortion policy in America. Texas implemented the nation’s strictest abortion law last November when it banned abortions after six weeks of pregnancy and empowered citizens to enforce the law. Other states, including Idaho, Florida and Oklahoma, have passed laws in recent months that tighten access to the measure.
Earlier this week, a leaked Supreme Court opinion draft suggested the court might be preparing to overturn Roe v. Wade, the 1973 precedent that established a constitutional right to abortion.
The 67-page draft, first reported by Politico on Monday, announce that Roe was “grossly wrong and deeply destructive.”
Chief Justice John Roberts said in a statement on Tuesday that the draft written in February was not necessarily the final decision in the case. The court is expected to issue its opinion by the end of June or early July.
FTC Reviews Musk’s $44 Billion Twitter Purchase Under Anti-Trust Act: Report
If the Roe v. case is dismissed. Wade, that would open the door to stronger country restrictions, including a ban on the procedure.
Companies offering to help employees travel for an abortion may be in a safe legal position for now, but that could change.
Texas abortion law extends liability to abortion clinics and physicians, as well as those who assist with abortion. Oklahoma and Idaho have passed similar legislation. Oklahoma Governor Kevin State enacted the law this week, and the Idaho law was temporarily blocked in court. Meanwhile, some lawmakers have rolled back the company’s new policies.
August 19, 2021, Berlin: A Tesla charging station in a Tesla showroom features the manufacturer’s logo. Photo: Christophe Gatto / d (Photo by Christophe Gatto/Image Alliance via Getty Images/Getty Images)
Here, a look at some of the companies that have expanded Benefits:
Tesla
Tesla, TSLA -0.87% which announced the move of its headquarters last October to Austin, Texas, said in its 2021 “impact report” that the company has an expanded health insurance offering that includes travel and accommodation support for those who may need to request health care services not available in their home state.” Tesla did not respond to a request for comment on Friday.
Amazon
Tell Amazon.com Inc. , based in Seattle, tells employees that it will reimburse up to $4,000 annually for travel expenses for medical treatments, including abortions, that employees cannot reach within 100 miles of their home.
Elon Musk denies real social CEO claim that Trump told him to buy Twitter
City Group
Citigroup Inc. , in a power of attorney file for its shareholder in April MeetingAs of this year, he said, it is offering travel benefits for employees to seek resources due to changes in reproductive health care laws. More than 10,000 full- and part-time employees live at Citi, Texas.
howling
Yelp Inc. offers Based in San Francisco, employees and their families provide financial assistance through insurance if they need to travel out of state to obtain abortion care. Yelp’s YELP health insurance – 4.34% currently covers abortion care.
apple
Tech giant Apple Inc. , which is expanding its presence in Austin with a new $1 billion, 3 million square foot campus, also said health insurance policies cover abortion services and travel fees if needed.
Levi Strauss
And California-based Levi Strauss & Co said it would Yuvi, compensate Medical travel expenses for full-time and part-time employees.
Match and stutter
Match Group Inc. , the parent company of dating apps like Tinder, OkCupid and Hinge, and dating app company Bumble Inc. created funds last year to help employees who need to travel outside Texas to perform abortions. Both companies are headquartered in Texas.