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Lyft, Uber in the driver’s seat in fight against Texas anti-abortion laws

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Those working for rideshare companies across Texas and surrounds are now protected under new driver defense fund.

Lyft, Uber fighting back against anti-abortion laws

Rideshare companies are set to cover legal costs for drivers who are sued under a controversial Texas anti-abortion law.

Lyft and Uber announced they’ll take responsibility for any form of punishment drivers encounter under a new rule which threatens drivers for taking passengers where they need to go.

The rule specifically focuses on those driving female passengers to medical clinics for pregnancy-termination purposes.

Both transportation services believe passengers are entitled to not disclosing their reasons for travel, especially those exercising their right to choose and access the healthcare they need.

A passenger’s destination is not a driver’s responsibility

Lyft also says a passenger’s reason for travel is not a driver’s responsibility.

“Imagine being a driver and not knowing if you are breaking the law by giving someone a ride,” Lyft co-founders Logan and John say.

“[Also] imagine being a pregnant woman trying to get to a healthcare appointment and not knowing if your driver will cancel on you for fear of breaking the law.”

In response to the mandate, Lyft has created a Driver Legal Defense Fund to cover 100 percent of legal fees sued under the SB8 rule.

Additionally, Lyft is donating $1 million to Planned Parenthood to help ensure that transportation is never a barrier to healthcare access.

Butting heads with Texas

Texas’ new law, signed this week, prohibits abortions after six weeks of pregnancy

The law also empowers private citizens across the country to sue anyone for aiding abortions past that six-week mark, that includes medical clinics and those who drive women to them.

The announcements from Uber and Lyft come after Bumble and Tinder announced the creation of a relief fund for women seeking abortions.

Written by Rebecca Borg

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Australia’s inflation report and Nvidia earnings impact explained

Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.

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Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.


Australia’s latest inflation report is creating waves across the market, with questions about interest rates, the strong performance of the Aussie dollar, and the uneven nature of the stock market rally. Investors are watching closely as changes in carry trade risks this month add another layer of complexity.

David Scutt from StoneX discusses what these shifts mean for trading strategies and the broader economic outlook. He provides insight into how underlying factors are shaping investor confidence and market dynamics.

On the tech side, Nvidia’s upcoming earnings are expected to influence AI development and the broader tech sector. Coupled with trends in SaaS and bitcoin price action, these movements are signalling how investor sentiment is evolving in a fast-changing landscape.

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U.S. stocks rally as AMD, Home Depot, and AI software lead gains

U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

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U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

U.S. tech stocks surged as investors’ fears over AI disruption eased. Advanced Micro Devices jumped 9% after Meta announced a multiyear deal to deploy AMD’s graphics processing units for AI data centres. The move highlights growing corporate confidence in AI infrastructure investments.

DocuSign also rose 3% following Anthropic’s confirmation that Claude Cowork can integrate with DocuSign, Google Drive, and Gmail, signalling stronger adoption of AI tools across industries.

The iShares Expanded Tech-Software Sector ETF climbed 2% despite remaining over 30% below its 52-week high, showing tech stocks are recovering but still have room to run.


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Stocks tumble amid AI concerns and Trump tariff update

Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

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Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

Stocks plunged sharply as concerns over artificial intelligence and trade tensions rattled investors, sending the Dow down more than 800 points. Heavyweights like American Express, Goldman Sachs, and JPMorgan were key contributors to the drop.

Software companies were hit particularly hard after a report suggested AI could impact economic growth, triggering further losses across tech shares.

Trade-sensitive retailers including American Eagle Outfitters, Ralph Lauren, and Yeti Holdings also faced setbacks as market uncertainty spiked. Bonds, meanwhile, rallied as investors sought safety in a volatile market.

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