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☆ Insana: Stock market exuberance after Trump’s win could be overshadowing economic worries
▼ + stars: | 2024-11-19 | by ( Ron Insana | ) www.cnbc.com time to read: +5 min

In the wake of President-elect Donald Trump's Nov. 5th victory, the stock and bond markets have had decidedly different reactions to the news. Initially, the stock market surged, while bonds sold off and drove interest rates higher. The bond market, along with other inflation indicators, have shown some concern about the notion that tax cuts pay for themselves. There have also been worries that the Trump tax cuts, if extended, would add considerably to annual deficits and the sum of the national debt. The stock market is viewed more favorably by many, as was Zeus in "Clash of the Titans."

Persons: Donald Trump's, Biden, Trump, Elon Musk, Vivek Ramaswamy, Ramaswamy, Ron Insana Organizations: Nasdaq, Trump, of Government, Social Security, Congressional, Office, CNBC Locations: U.S, Trump's, China

Bad Bunny is recognized globally for establishing reggaeton as a mainstream music genre and exporting Puerto Rican culture to the world. Puerto Rico has given an organic endorsement,” Bad Bunny told the thousands at the rally. It’s you, the people of Puerto Rico, who have told me that on Nov. 5th, we must vote for Juan Dalmau and the ‘Alianza’” (Alliance). Bad Bunny's message connects with young voters in Puerto Rico who have never lived in a Puerto Rico that’s not riddled with crisis, said Jorge Schmidt Nieto, a political science professor at the University of Puerto Rico in Mayagüez. Bad Bunny talks about his upbringing — and makes it politicalIn his 20-minute speech Sunday, Bad Bunny opened up about his upbringing in Puerto Rico — and linked it to Puerto Rico's recent political turmoil.

Persons: Bunny, Zers, “, ”, It’s, Juan Dalmau, Dalmau, Bad Bunny, Pedro Pierluisi, Puerto Rico that’s, Jorge Schmidt Nieto, Apagón, Una Velita, Carlos Vargas, Ramos, Vargas, —, Benito Antonio Martínez Ocasio, Pedro Rosselló, Vega Baja, Luis Fortuño, Schmidt Nieto, Hurricane Maria, Charles Venator, There's, ” Venator, theis, Rosselló, Santiago, García, Sin Suela Organizations: Puerto, Alianza ’ ”, Puerto Rican Independence Party, Citizens, Puerto Rico's, New Progressive Party, Gov, Popular Democratic Party, University of Puerto, Puerto Rican, Ricans, Center, Puerto Rican Studies, Hunter College, Puerto Rico —, Alliance, Islanders, Hurricane, University of Connecticut, Puerto Ricans Locations: Puerto Rican, Puerto Rico, Puerto, University of Puerto Rico, Mayagüez, New York, Vega, Santiago, Puerto Rico’s

☆ Election next week holds big implications for stock market, especially the control of Congress
▼ + stars: | 2024-11-01 | by ( Sarah Min | ) www.cnbc.com time to read: +8 min

But the true implications for investors monitoring the election may lie in which party controls Congress, rather than who will sit in the White House. .SPX YTD mountain S & P 500 The importance of whichever party controls Congress was highlighted by Trump's recent trips outside battleground states such as New Mexico , a state that hasn't voted for a GOP presidential nominee in roughly 20 years. On the other hand, Evercore ISI's Emanuel expects a Harris victory, with a Democratic sweep of Congress, could result in the S & P 500 falling to roughly 5,700. The S & P 500 slid 1%, while the Nasdaq dipped 0.5%. Earnings season continues with about 100 S & P 500 companies confirmed to report.

Persons: Donald Trump, Kamala Harris, Trump, Nanette Abuhoff Jacobson, I'm, Abuhoff Jacobson, hasn't, Brian Burrell, Jay Hatfield, Harris, Hatfield, Evercore ISI's Julian Emanuel, Evercore ISI's Emanuel, Jerome Powell's, Ralph Lauren, Warner, Alex Harring Organizations: NBC, Congress, House, Democratic, Republican, Hartford Investments, GOP, Thornburg Investment Management, Infrastructure Capital Advisors, Senate, Wednesday, Regional Banking, Treasury, Federal Reserve, Dow Jones, Nasdaq, National, Marriott International, Diamondback Energy, Wynn Resorts, Palantir Technologies, NXP Semiconductors, PMI, PMI Services, Services PMI, Petroleum, Brands, Technology, Computer, CVS, Howmet Aerospace, Gilead Sciences, Labor, Consumer, Moderna, Molson Coors Beverage, Halliburton, Hershey Co, Warner Bros, Expedia, Akamai Technologies, Paramount Locations: New Mexico, Albuquerque, Santa Fe , New Mexico, Hartford, Albemarle, Qualcomm, Michigan

☆ 'Death trap' Queens haunted house sued after injuries from alleged safety hazards
▼ + stars: | 2024-10-22 | by ( Nbc New York | ) www.nbcnews.com time to read: +3 min

A haunted house in Queens proved to be too horrific for some who have filed lawsuits claiming they were injured inside the frightful attraction. A Haunting in Hollis was shut down Oct. 5th after the FDNY called it a “death trap,” citing various safety hazards inside the two-family house that had been illegally converted into a commercial haunted house. But Solainne Mancero-Tannis of Jamaica, Queens, could not stay silent after learning the haunted house was allowed to reopen and operate. The Haunting In Hollis house in Queens, N.Y. via WNBCIt was on Friday the 13th during Oct. 2023 that Mancero-Tannis and her family visited the haunted house. She is now suing the operators of the haunted house.

Persons: Hollis, Solainne, ”, “, didn’t, Mike Goldberg, Lawrence Carra, Tannis, you’re, It’s Organizations: FDNY, New York City Department of Buildings, WNBC, NBC New Locations: Queens, Jamaica, Queens , N.Y, NBC New York

☆ Tom Lee, who's been correctly bullish, turns cautious and sees 7%-10% pullback
▼ + stars: | 2024-09-03 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Equity strategist Tom Lee expects the stock market will run into some turbulence over the next eight weeks, though he expects a pullback could be a buying opportunity for investors. Lee stocks could pull back by 7% to 10%, as investors navigate what's historically the weakest month of the year. The Stock Trader's Almanac shows the S & P 500 has averaged a 0.7% loss every September in data going back to 1950. "I think investors should be cautious for the next eight weeks," Lee told CNBC's "Squawk Box" on Tuesday. Lee was one of the first on Wall Street to turn bullish on stocks during the depths of the pandemic and was correctly bullish heading into 2024 as well.

Persons: Tom Lee, Lee, CNBC's, Market's, He's Organizations: Federal Reserve

☆ Video shows the Houthis attack a merchant ship with a naval drone seemingly disguised as a slow fishing boat
▼ + stars: | 2024-06-17 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewNew video footage appears to show the moments before a Houthi naval drone — seemingly disguised as a slow-moving fishing boat — struck a commercial vessel in the Red Sea last week. AdvertisementFootage showing the Moments right before as well as right after the Liberian-Flagged, Greek-Owned Bulk Cargo Ship, M/V Tutor was Struck on June 10th by a Houthi One-Way Surface Attack Drone while Transiting the Southern Red Sea. US Central Command said the ship "remains in the Red Sea and is slowly taking on water." AdvertisementSailors from the Dwight D. Eisenhower Carrier Strike Group assist distressed mariners rescued from the M/V Tutor on June 15, 2024. Last week's attack marked the Houthis' first successful USV strike since they began targeting shipping lanes in the Red Sea and Gulf of Aden last fall.

Persons: —, Dwight D, Eisenhower, Marc Miguez, Houthis Organizations: Service, Wednesday, Business, Liberian, United Kingdom Maritime Trade Operations, British Royal Navy, Cargo, Sea, Armed Security, Central Command, US Navy, Navy, Eisenhower Carrier Strike Group, US Naval Forces Central Command, . 5th, Eisenhower Carrier Strike Locations: Red, Iran, Gulf, Aden, Iranian, Gulf of Aden

☆ A US Navy amphibious warship returned home for repairs just 10 days after deploying
▼ + stars: | 2024-04-17 | by ( Rachel Nostrant | ) www.businessinsider.com time to read: +6 min

USS Boxer, a Wasp-class amphibious assault ship, is returning home just 10 days after deploying. "USS Boxer is returning to San Diego to undergo additional maintenance in support of its deployment in the Indo-Pacific region," Lt. Cmdr. "We're seeing some potential delays on [the amphibious assault ship USS Wasp]," Franchetti said. A spokesperson for Surface Force Atlantic told Military.com following the incident that "during the underway, the ship discovered an engineering irregularity" and "returned to port to effect repairs." The amphibious assault ship USS Boxer transits the East Sea during Exercise Ssang Yong 2016 March 8, 2016.

Persons: Boxer, —, Cmdr, Jesus Uranga, Military.com, Uranga, Craig Z, Adm, Lisa Franchetti, Franchetti, Bill Dodge, Yong, Seaman Craig Z, Konstantin Toropin Organizations: US Navy, Service, USNI News, Navy, Marine Corps, Boxer, Marines, 15th Marine Expeditionary Unit, USNI, Space, Maritime, USS Boxer, USS Boxer U.S . 5th, . Navy, Naval, Surface Force, REUTERS, U.S . Navy, Reuters, USS, Somerset Locations: San Diego, Boxer U.S, USS Boxer U.S, Norfolk, Virginia, Handout, USS Somerset, Somerset, India

☆ 2 US Navy SEALs are missing off the coast of Somalia after rescue bid ends tragically, reports say
▼ + stars: | 2024-01-14 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +2 min

2 Navy SEALs fell into the water while on a mission off the coast of Somalia on Thursday. The pair were boarding a vessel when one fell into the water, and the other jumped in to help. AdvertisementTwo Navy SEALs are missing off the coast of Somalia after falling into the water during a nighttime boarding mission on Thursday, US officials told the Associated Press. The details of the Navy SEALs' mission and which vessel they were trying to board are still unclear, though it is known that pirates roam the coast of Somalia hunting for cargo ships to hijack. AdvertisementThe US Navy has often conducted such interdiction missions to intercept weapons on ships heading for Houthi-controlled Yemen, per AP.

Persons: — Organizations: Navy, Service, Associated Press, AP, US Central Command, Washington Post, Navy SEALs, The Washington, US Navy, U.S . 5th Fleet Locations: Somalia, Gulf, Aden, States, Iran, Houthi, Yemen

WASHINGTON (AP) — Two U.S. Navy SEALs are missing after conducting a nighttime boarding mission Thursday off the coast of Somalia, according to three U.S. officials. The SEALs were on an interdiction mission, climbing up a vessel when one got knocked off by high waves. A search and rescue mission is underway and the waters in the Gulf of Aden, where they were operating, are warm, two of the U.S. officials said. In a statement Saturday, U.S. Central Command said that search and rescue operations are currently ongoing to locate the two sailors. The command said it would not release additional information on the Thursday night incident until the personnel recovery mission is complete.

Persons: Nikolas Organizations: WASHINGTON, U.S . Navy, Prosperity Guardian, U.S ., U.S . Central Command, U.S . 5th Locations: Somalia, Gulf, Aden, Yemen, Red, United States, United Kingdom, Iran, U.S

☆ Here are Friday's biggest analyst calls: Tesla, Boeing, Amazon, Delta, Spotify, Alibaba, Johnson & Johnson and more
▼ + stars: | 2023-12-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are the biggest calls on Wall Street on Friday: Stifel initiates Boeing at buy Stifel said it sees a "favorable" setup for Boeing shares. Citi downgrades Spotify to neutral from buy Citi said in its downgrade of Spotify that the risk/reward is less compelling. Jefferies initiates Arcos Dorados as a buy Jefferies said the Latin American McDonald's franchisee is a "consistent compounder." Jefferies initiates CSG Systems as buy Jefferies said in its initiation of the software-as-a-service company that it sees burgeoning growth. Jefferies initiates Amdocs as buy Jefferies said it sees opportunity for the Israel-based software and systems integration supplier. "

Persons: Stifel, TD Cowen, Morgan Stanley downgrades Alibaba, Morgan Stanley, it's, Alibaba, Tesla, Cantor Fitzgerald, Cantor, Jefferies, Piper Sandler, TXRH, Wells, Wells Fargo, Emerson, Oppenheimer, Goldman Sachs, Bonnie Herzog's, MarketWise, Redburn, Johnson Organizations: Boeing, Delta, Air Lines, Citi, Spotify, RBC, Western Alliance, Novo Nordisk, Arcos, American, Crescent Energy, Fortrea Holdings, ISI, Aspen Technology, Emerson, JPMorgan, Constellation Brands, Constellation, UBS, Bank of America, Norfolk Southern, of America, Norfolk, CSG Systems, Communication Service, Financial Services, Technology, Healthcare, Westinghouse, Johnson, Innovative Medicine, Pharmaceutical Locations: Europe, China, Arcos, 4Q24, reaccelerate, Aspen, Norfolk, Israel

☆ Jack Ma halts plans to cut his Alibaba stake after shares in the Chinese e-commerce giant drop
▼ + stars: | 2023-11-22 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Jack Ma, founder and executive chairman of Alibaba Group in Shanghai China on Dec. 5th, 2017. Alibaba's regulatory filings last week revealed Ma is looking to sell 10 million shares at a value of around $870 million. Alibaba founder Jack Ma held off on plans to trim his stake in the Chinese e-commerce giant after the share price fell. However, the plans to sell shares were made in August and coincidentally were made public on Nov. 16, Jiang said. The Alibaba founder has dedicated his time to teaching and research in areas such as agricultural science.

Persons: Jack Ma, Ma, Jane Jiang, Jiang, Alibaba Organizations: Alibaba Group, CNBC, Alibaba's, Beijing Locations: Shanghai China, Alibaba's U.S

Federal appeals courts have come to different decisions about whether the regulation defining a bump stock as a machine gun comports with federal law. The Trump administration’s ban on bump stocks was an about-face for the federal Bureau of Alcohol, Tobacco, Firearms and Explosives. The full U.S. 5th Circuit ruled 13-3 in January that Congress would have to change federal law to ban bump stocks. But a panel of three judges on the federal appeals court in Washington looked at the same language and came to a different conclusion. As such, it is a machine gun under the National Firearms Act and Gun Control Act.”A decision is expected by early summer in Garland v. Cargill, 22-976.

Persons: Biden, Trump, Obama, Jennifer Walker Elrod, Robert Wilkins Organizations: WASHINGTON, Supreme, Justice Department, U.S, Circuit, Trump, of Alcohol, Tobacco, Firearms, Explosives, Las, ATF, 5th Circuit, National Firearms Act, Control, U.S ., Appeals, District of Columbia Circuit, Cargill Locations: Las Vegas, New Orleans, Washington, Garland

☆ U.S. revives Cold War submarine spy program to counter China
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +21 min

The original network of fixed spy cables, which lie in secret locations on the ocean floor, was designed to spy on Soviet submarines seven decades ago, the three people said. China, meanwhile, is working on its own maritime spy program, known as the Great Underwater Wall, two U.S. Navy sources told Reuters. Sense of urgencyAmerica’s underwater espionage program was launched in the 1950s with a submarine detection system known as the Sound Surveillance System. The U.S. Navy’s Undersea Surveillance System The United States is expanding and upgrading its anti-submarine surveillance capabilities as tensions rise with China. Japan also operates a fleet of three ocean surveillance ships, fitted with U.S. SURTASS cables, the two U.S. Navy sources said.

Persons: Captain Stephany Moore, Richard Seif, Moore, Seif, ”, Tim Hawkins, Mariana Trench, Brent Sadler, We're, Sadler, ” Jon Nelson, Phillip Sawyer, Sawyer, United States –, SOSUS, SubCom, Stephen Askins, Lockheed Martin, Chuck Fralick, Leidos, ” Fralick, Hawkins, Richard Jenkins, Saildrone, Joe Brock, Mohammad Kawoosa, Simon Scarr, Edgar Su, Catherine Tai Design, Eve Watling, Marla Dickerson Organizations: U.S . Navy, Navy, Undersea Surveillance Command, Undersea Surveillance, United, Submarine Force U.S . Pacific Fleet, Reuters, U.S . 5th Fleet, U.S, Pacific, China Academy of Sciences, China’s Ministry of Defense, Foreign, China Naval, U.S . Naval Forces Korea, The Heritage Foundation, Department of Defense, Naval Air Station Whidbey, Processing, Undersea, Undersea Warfare, Naval Postgraduate School, Taiwan, Ships, Titan, Navy’s, CS, U.S . Department of Defense, Lockheed, U.S . State Department, An Australian Defense, Self, Defense Force, Leidos Locations: Seattle, U.S, Whidbey, China, Taiwan, Beijing, United States, Australia, Pacific, South China, Mariana, Yap, Federated States, Micronesia, Guam, Russian, Ukraine, Washington . U.S, Washington, Soviet Union, Washington State, Virginia Beach , Virginia, Monterey , California, Japan, India, States, London, Taiwan Strait, Virginia, San Francisco

☆ Appeals court imposes restrictions on abortion pill, but drug will stay on the market for now
▼ + stars: | 2023-08-16 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

A federal appeals court on Wednesday imposed restrictions on the abortion pill mifepristone, though the ruling will not have an immediate impact. The ruling by the U.S. 5th Circuit Court of Appeals is paused from taking effect until the Supreme Court makes a decision about the case. The appeals court Wednesday ruled that the several decisions the Food and Drug Administration took to make the abortion pill more broadly available to women were illegal. If the Supreme Court upholds Wednesday's ruling, women would no longer be able to obtain the abortion pill by mail. That is basically the narrative you all are putting forth — nobody should ever question the FDA," Ho said during the hearing.

Persons: Biden, Jennifer Walker Elrod, Judge James Ho, mifepristone, Roe, Wade, Elrod, George W, Bush, Ho, Cory Wilson, Donald Trump, Danco Organizations: Alamo Women's, U.S, and Drug Administration, FDA, Food, Circuit, Danco Laboratories, Alliance for Hippocratic Medicine, Republican Locations: Carbondale , Illinois, U.S

☆ Iran accuses U.S. Navy of defending fuel smuggling in Gulf incident
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +2 min

DUBAI, July 10 (Reuters) - An Iranian Revolutionary Guards Commander accused the U.S. Navy on Monday of defending fuel smuggling in the Gulf by trying to interfere when Iran intercepted a ship last week. On July 7th, Iran's Fars news agency reported that the Revolutionary Guards had seized a vessel carrying 900 tons of smuggled fuel with 12 crew members, following a court order. The incident was one of several involving Iranian forces and Gulf shipping last week. Chevron denied the tanker was involved in a collision and said it had not been notified of legal proceedings or court orders by Iran regarding the ship. Reporting by Dubai Newsroom Editing by Peter GraffOur Standards: The Thomson Reuters Trust Principles.

Persons: Ramazan Zirrahi, Iran's, Tim Hawkins, Peter Graff Organizations: Iranian Revolutionary Guards, U.S . Navy, Revolutionary Guards, Navy, NADA, . 5th Fleet, Iranian, Richmond, Chevron, Dubai, Thomson Locations: DUBAI, Iranian, Gulf, Iran, Persian, Fars, Bushehr, Bahamas, U.S, Chevron

☆ Iran's Revolutionary Guards seize commercial ship in Gulf - U.S. Navy
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

LONDON, July 6 (Reuters) - Iran's Revolutionary Guards "forcibly seized" a commercial ship in international waters in the Gulf on Thursday and the vessel was possibly involved in smuggling, a U.S. Navy spokesperson said. The U.S. Navy had monitored the situation and decided not to make any further response, U.S. 5th Fleet spokesperson Commander Tim Hawkins said. Iran said on Thursday it had a court order to seize one of the tankers sailing in Gulf waters on Wednesday after it collided with an Iranian vessel. read moreTehran seized two other tankers in May including the Marshall Islands flagged Advantage Sweet, which had been chartered by Chevron. read moreSince 2021, "Iran has harassed, attacked or seized nearly 20 internationally flagged merchant vessels", the U.S. Navy said this week.

Persons: Tim Hawkins, Ambrey, Hawkins, Jonathan Saul, Hugh Lawson, Andrew Heavens Organizations: Guards, U.S . Navy, . 5th Fleet, Richmond, Marshall, Chevron, Thomson Locations: Gulf, U.S, British, Saudi, Dammam, Iran, Hormuz, Oman, Gulf of Oman, Iranian, Bahamas, Chevron, Tehran

☆ U.S. Navy says Iran tried to seize two oil tankers, fired on one
▼ + stars: | 2023-07-05 | by ( Courtney Kube | ) www.cnbc.com time to read: +2 min

Courtesy: U.S. Department of DefenceThe U.S. Navy prevented Iranian warships from seizing two oil tankers in international waters near Oman on Wednesday, according to an American military official. At about 1 a.m. local time, an Iranian navy vessel approached a Marshall Islands-flagged tanker, the TRF Moss, that had just transited the Strait of Hormuz. Three hours later, another Iranian navy vessel approached the tanker, the Richmond Voyager, that had sailed from the United Arab Emirates through the Strait of Hormuz. The tanker issued a distress call after the Iranian ship allegedly tried to get it to stop. When the USS McFaul arrived, the Iranian ship left, according to the official.

Persons: Moss, McFaul, Brad Cooper, Ken Paxton Organizations: Merchant, U.S . Department of Defence, U.S . Navy, American, Marshall, Navy, Richmond Voyager, United, United Arab Emirates, U.S . Naval Forces Central Command, . 5th Fleet, Combined Maritime Forces, NBC, U.S Locations: Iran, Gulf of Oman, Oman, Iranian, Hormuz, United Arab, U.S, Ohio

☆ Illumina acquisition of Grail wins support from GOP lawmakers, state AGs as FTC tries to block it
▼ + stars: | 2023-06-13 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

Republican lawmakers, state attorneys general and several advocacy groups have voiced their support for Illumina's acquisition of cancer-test developer Grail while the Federal Trade Commission fights to unwind the deal. The groups filed 14 amicus briefs Monday urging the U.S. 5th Circuit Court of Appeals to reverse an FTC order that would have Illumina undo the $7.1 billion Grail deal over concerns that it stifles competition. Thirty-four Republican lawmakers touted Grail's early screening test, which can detect more than 50 types of cancers through a single blood draw. And activist investor Carl Icahn, who holds a 1.4% stake in Illumina, launched a proxy fight with the company over the Grail deal. Icahn's opposition stemmed from Illumina's decision to close the acquisition without first gaining approval from antitrust regulators.

Persons: Illumina, Carl Icahn, Francis deSouza Organizations: Federal Trade Commission, U.S, FTC, Food and Drug Administration, European Commission Locations: San Diego, Alaska , Arkansas, Georgia , Idaho , Indiana , Iowa , Kentucky, Louisiana , Nebraska, South Carolina , Utah, Virginia, Illumina

☆ NJ Gov. Murphy would consider defying Supreme Court if justices back abortion pill ban
▼ + stars: | 2023-05-17 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

Phil Murphy on Wednesday said he would consider defying the Supreme Court and continue to provide mifepristone if the court rules in favor of a ban on the abortion pill. When asked if the state would prescribe mifepristone after such a ruling, Murphy told MSNBC: "To be determined." It's going to cost them health, it's also going to cost peoples' lives, women in particular sadly. That's what's at stake, we'll do whatever it takes to save lives," said Murphy, a Democrat. The case hinges on whether the Food and Drug Administration's approval of the abortion pill should be rolled back.

☆ Access to abortion pill mifepristone at stake in federal appeals court hearing
▼ + stars: | 2023-05-17 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

Evelyn Hockstein | ReutersA federal appeals court will hear arguments Wednesday afternoon in a closely watched lawsuit that seeks to pull the abortion pill mifepristone from the U.S. market. The hearing at the U.S. 5th Circuit Court of Appeals in New Orleans comes 11 months after the Supreme Court ruled there was no longer a federal constitutional right to abortion. But if it refuses to hear an appeal, the 5th Circuit decision will be the final word on the drug's fate. Days later, the DOJ appealed Kacsmaryk's decision to the 5th Circuit, which handles cases arising from the Northern District of Texas. He said the Supreme Court will likely agree to take the case if the 5th Circuit panel decides to pull mifepristone from the U.S. market.

☆ New York Attorney General Letitia James leads multistate effort defending CFPB to the Supreme Court
▼ + stars: | 2023-05-16 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

WASHINGTON — New York Attorney General Letitia James is leading a multistate effort to urge the Supreme Court to overturn a decision that threatens the existence of the nation's leading consumer protection agency. Attorneys general in 22 other states and the District of Columbia joined New York in an amicus brief filing to the court Tuesday in support of the Consumer Financial Protection Bureau. The brief comes a day after dozens of current and former Democratic lawmakers filed a separate amicus brief defending the agency. The Supreme Court agreed in February to hear arguments after the Biden administration appealed the U.S. 5th Circuit Court of Appeals' decision that the CFPB's funding method is unconstitutional. If the Supreme Court decides not to overturn the 5th Circuit's ruling, it could invalidate "numerous CFPB rules and other regulatory actions" and harm millions of Americans while destabilizing the consumer financial sector, the attorneys general said in a statement.

☆ Abortion pill mifepristone is banned or restricted in some states despite Supreme Court ruling
▼ + stars: | 2023-04-27 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

The abortion pill mifepristone is either banned or restricted to varying degrees in 27 states despite a Supreme Court decision that — for now — maintains Food and Drug Administration regulations allowing easy access to the medication. The Supreme Court, acting on an emergency basis, last week blocked lower federal court orders that had imposed severe restrictions on mifepristone even in some states where abortion remains legal. The side that loses at the appeals courts is certain to ask the Supreme Court to take the case to make a final determination on the legality of the FDA rules. Patients previously were required by FDA to obtain mifepristone in-person from a health-care provider or take the medication under their supervision. While the Supreme Court's decision at least temporarily maintains access to mifepristone in states that support broad access to abortion, it will have less or no impact in conservative states that banned the procedure since last summer, when the high court overturned the half-century-old federal constitutional right to abortion.

☆ Supreme Court says abortion pill mifepristone will remain broadly available during legal battle
▼ + stars: | 2023-04-21 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Demonstrators rally in support of abortion rights at the US Supreme Court in Washington, DC, April 15, 2023. The Supreme Court on Friday ordered the abortion pill mifepristone to remain broadly available as litigation plays out in a lower court. The appeals court has scheduled oral arguments for Wednesday, May 17 at 1 pm CT. Mifepristone has become the central flashpoint in the legal battle over abortion since the Supreme Court last summer overturned Roe v. Wade, the landmark 1973 decision that guaranteed abortion as a constitutional right nationwide. The appeals court judges also suspended the 2019 approval of the generic version of mifepristone.

☆ Abortion pill company GenBioPro asks U.S. court to keep generic mifepristone on market
▼ + stars: | 2023-04-19 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

GenBioPro asked the U.S. District Court for Maryland to preemptively block the FDA from pulling the company's 2019 approval to distribute the company's version of mifepristone. GenBioPro has said in court filings that it supplies two-thirds of the mifepristone used in the U.S. for abortions. "GenBioPro will use all regulatory and legal tools to protect access to mifepristone for patients and providers." The Supreme Court last week temporarily put the appeal's court rulings on hold. But the Supreme Court as early as Wednesday could move to lift that ban or leave it in place pending further legal challenges to the rulings

☆ U.S. Supreme Court turns away suit by Texas inmate held 27 years in solitary confinement
▼ + stars: | 2023-04-17 | by ( John Kruzel | ) www.reuters.com time to read: +3 min

[1/2] The U.S. Supreme Court building is seen in Washington, U.S., April 6, 2023. Hope, who is still in prison but as of last year no longer in solitary confinement, filed a civil rights lawsuit against prison officials in 2018. Following a 1994 prison escape, Hope was placed by prison officials in solitary confinement. Hope said he continued to be held in solitary confinement despite being deemed by Texas security officials in 2005 to no longer pose an escape risk. Texas asked the justices to consider the case moot since Hope is no longer held in solitary confinement, a request that was contested by Hope's lawyers.

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