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



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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Tech giants drive global mega-cap surge amid inflation relief



Tech giants have taken the lead in propelling global mega-cap stocks to new heights.

This surge comes as a welcome relief for investors who have been closely monitoring the impact of rising inflation on the financial markets.

The tech sector, including giants like Apple, Amazon, and Microsoft, has been instrumental in driving the rally. These companies have reported robust earnings and strong growth prospects, which has boosted investor confidence. As a result, the market capitalization of these tech behemoths has reached unprecedented levels, contributing significantly to the overall rise in global mega-cap stocks.

The easing of inflationary pressures has played a pivotal role in this resurgence. Central banks’ efforts to tame inflation through monetary policy adjustments have begun to bear fruit, reassuring investors and stabilizing financial markets. As concerns over rapidly increasing prices recede, investors have become more willing to invest in mega-cap stocks, particularly in the tech sector, which has demonstrated resilience in the face of economic challenges.

Will the tech giants maintain their momentum and continue to lead the mega-cap surge, or are there potential risks on the horizon?

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Real reason bosses want employers back in the office



As the world gradually recovers from the pandemic, employers are increasingly pushing for their staff to return to the office after years of remote work.

The driving force behind this push is the sharp decline in commercial property values, which has left many businesses concerned about their real estate investments.

Commercial property values have plunged in the wake of the pandemic, with many companies downsizing or reconsidering their office space needs.

This has put pressure on employers to reevaluate their remote work policies and encourage employees to return to the office. #featured

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Businesses cash in on Black Friday sales



Black Friday, the annual shopping frenzy, has become a global phenomenon rooted in economic strategies.

Retailers deploy various tactics to lure consumers, creating a win-win scenario for both shoppers and businesses.

The concept of Black Friday traces its roots to the United States, where it marks the beginning of the holiday shopping season. Retailers offer significant discounts on a wide range of products to attract a massive customer influx. This strategy, known as loss leader pricing, involves selling a few products at a loss to entice customers into stores, hoping they will buy other items at regular prices.

Retailers also employ the scarcity principle by advertising limited-time offers and doorbuster deals. This sense of urgency compels consumers to make quick decisions, boosting sales.

Furthermore, online shopping has revolutionized Black Friday economics. E-commerce giants use data analytics to customize deals, targeting individual preferences. Cyber Monday, the digital counterpart to Black Friday, capitalizes on the convenience of online shopping. #featured

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