DIRS.INFO The most relevant business & tech news

☆ Biden tells ally he's weighing whether to stay in the race: Reports
▼ + stars: | 2024-07-03 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden reacts, as he meets with Iraqi Prime Minister Mohammed Shia al-Sudani (not pictured) in the Oval Office at the White House in Washington on April 15, 2024. The unnamed ally said Biden is still invested in the reelection fight, but he is aware that his upcoming public appearances must go well after his devastating presidential debate with Trump last week. Later on Wednesday, CNN reported that Biden had acknowledged his perilous position in a similar conversation with an ally. He's clear-eyed," that ally told CNN. "If the New York Times had provided us with more than 7 minutes to comment we would have told them so."

Persons: Joe Biden, Mohammed Shia, Donald Trump, Biden, Andrew Bates, Bates Organizations: Iraqi, White, New York Times, Trump, Times, CNN, CNBC, NBC News Locations: Washington

Plan B talks get louderThe Biden campaign’s attempts to soothe panicked Democrats and donors after the president’s calamitous debate appear to have cratered. One Democratic lawmaker has openly called on President Biden to withdraw from the race, while others are sharply criticizing his campaign’s response. And many party backers remain as nervous about sticking with him as they were last week — but also worry about the alternatives. The latest: Representative Lloyd Doggett of Texas became the first sitting Democrat to demand that Biden step aside. Democrats and foreign allies worry that Biden has increasingly seemed confused or listless, The Times reports.

Persons: Biden, Lloyd Doggett, Jim Clyburn, “, ” Barack Obama Organizations: Biden, Democratic, South Carolina, The Washington Post, Times Locations: Texas, South, NewsNation

☆ AI data centers could add 3 New York Cities of demand to the power grid in 2 years
▼ + stars: | 2024-07-03 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +6 min

So far, the only part of Earth AI seems hell-bent on dominating is the power grid. AI data centers are doubling the pace of electricity demand growth in the US to the extent that demand could exceed supply in just two years without action, according to Bernstein Research. The potential shortfall could mean higher prices for the computing power AI developers of all sizes are clamoring for, along with ample opportunity for investors willing to build up supply. How are AI companies planning aheadIt's not just the total power needed for AI computing infrastructure, it's the unique cadence of the power need and the cooling AI chips require. Amazon is clearing some of these hurdles by colocating some data centers with nuclear power sites.

Persons: —, that's, catchup, Bernstein, Jensen Huang, Huang, Agrawal, we're, Andrew Feldman, Feldman Organizations: Service, Bernstein Research, Business, Nvidia, Vertiv, Lambda, Cerebras Systems Locations: UAE, South Africa, Kenya, Nigeria, Egypt, Iceland

☆ Popular weight loss and diabetes drugs linked to increased risk of rare form of blindness
▼ + stars: | 2024-07-03 | by ( Deidre Mcphillips | ) edition.cnn.com time to read: +6 min

CNN —People who take Ozempic or Wegovy may have a higher risk of developing a rare form of blindness, a new study suggests. The condition is relatively rare — up to 10 out of 100,000 people in the general population may experience it — but the doctors noted three cases in one week, and each of those patients was taking semaglutide medications. The risk was found to be greatest within the first year of receiving a prescription for semaglutide. Semaglutide prescriptions have soared in the US, which could raise the number of people at risk for a potential side effect. But the large number of people who are taking semaglutide should raise confidence that the absolute risk of developing NAION as a result is rare.

Persons: ”, Joseph Rizzo, ” Susan Mollan, Disha, Dr, Sanjay Gupta, Chanapa, Andrew Lee, ” Narang Organizations: CNN —, Mass, Novo Nordisk, CNN, Harvard Medical School, ”, University Hospitals Birmingham, Endeavor Health, CNN Health, US Food and Drug Administration, FDA, American Academy of Ophthalmology, Houston Methodist Hospital Locations: Chicago

☆ This fund manager beating the market is betting AI stocks like Micron will outperform again in second half
▼ + stars: | 2024-07-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

The second half of the year is underway, and investor Andrew Graham thinks technology stocks will continue to lead the market higher. Investors have debated whether technology stocks can sustain their lofty gains, or if the market rally is due to broaden. The investor likes semiconductor names such as Nvidia and Micron , which he said should benefit from the ongoing memory cycle. MU YTD mountain MU year to date Outside of tech, Graham favors industrials, which are adjacent to the AI theme. The portfolio manager also has positions in NextEra Energy , which he thinks is primed to capitalize on AI.

Persons: Andrew Graham, Graham, —, industrials, that's, Eli Lilly, Capital's Organizations: Nvidia, Investors, Jackson, Capital, CNBC, Micron, MU, Arista, Dell, Arm Holdings, Broadcom, NextEra Energy Locations: Eaton, Graham, U.S

President Biden should do the same,” Doggett said in his statement Tuesday. “There’s a large and increasing group of House Democrats concerned about the president’s candidacy, representing a broad swath of the caucus,” another House Democratic lawmaker told CNN on condition of anonymity to speak candidly. They have held off going to Biden directly, hoping he would make the decision himself, but patience is wearing thin, multiple Democrats told CNN, amid signs that Biden has taken no steps to seriously consider the mounting concerns. President Joe Biden, first lady Jill Biden, and their granddaughters Finnegan and Natalie Biden head to Camp David on June 29, 2024. House Democrats are deep into their own polling, assessing how much damage has been done.

Persons: Joe Biden’s, Lloyd Doggett of, Lyndon Johnson, Biden, ” Doggett, “, ”, ” Biden, George Stephanopoulos, Camp David, Obama, Barack Obama’s, Mitt Romney, Mike Quigley, Kasie Hunt, who’s, Nancy Pelosi, ” Pelosi, Donald Trump, Trump, Kamala Harris, Hakeem Jeffries, Jeffries, Jill Biden, “ Joe isn’t, …, Delaware Sen, Chris Coons, George W, Sen, Sheldon Whitehouse, Joe Biden, Finnegan, Natalie Biden, Haiyun Jiang, —, Jen O’Malley Dillon, Andrew Weinstein, Phil Murphy, ” Murphy, CNN’s Brianna Keilar, Jake Tapper, Annie Grayer Organizations: CNN, Democratic, House Democrats, Biden, ABC News, Camp, Republican, Capitol Hill Democratic, ”, House, Senate, MSNBC, California Democrat, Monday, “, Trump, Democratic National Convention, Democratic Party, Hamptons, Saturday, ABC, White, New York Times, Minnesota, New York Times Editorial, Democratic National Committee, campaign’s National Finance Committee, New Locations: Delaware, Lloyd Doggett of Texas, California, North Carolina, Virginia, New Jersey, Rhode Island, Wilmington, ”, Michigan, Ukraine

☆ Why Jill Biden is unlikely to convince Joe to step down, despite mounting pressure
▼ + stars: | 2024-07-02 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

Jill Biden — the president's wife of 47 years — responded to criticism of her husband's age at a Manhatten fundraiser on Friday, saying the 81-year-old is "not a young man." "When he gets knocked down, Joe gets back up, and that's what we're doing today," Jill said, according to The Washington Post. Jill Biden has always publicly supported the president. However, she added that Jill and the wider Biden camp's unwavering support could be more harmful than helpful. She said this mindset extends to the Democratic party, adding that many will automatically support Biden because of a "genuine fear" that the party doesn't stand a chance with a replacement nominee.

Persons: —, Jill Biden —, Joe, Jill, he's, Michael LaRosa, Biden, Margaret Thatcher, Neil Kinnock, LaRosa, Katie Rogers, Jill Biden, Megan Varner, Hillary Clinton, Rogers, Andrew Payne, Mrs Biden, Nadia Hilliard, Hilliard, Joe Biden, Justin Sullivan, Jen O'Malley Dillon, Biden's, Quentin Fulks, Payne Organizations: Service, The Washington, Business, Vogue, New York Times, United Kingdom Labour, Times, Business Insider, The New York Times, City University of London, University College London, UCL, Democratic, Trump

☆ Biden seizes on Trump’s Supreme Court triumph to seek redemption after debate debacle
▼ + stars: | 2024-07-02 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

“Now the American people will have to do what the court should have been willing to do and would not: Americans will have to render a judgment about Donald Trump’s behavior,” Biden said. In four minutes, Biden, 81, encapsulated the two increasingly grave and urgent choices facing voters in November. “The American people must decide (whether) Trump’s embrace of violence to preserve his power is acceptable. “THE SUPREME COURT DECISION IS A MUCH MORE POWERFUL ONE THAN SOME HAD EXPECTED IT TO BE. Here’s what she said … ‘In every use of official power, the president is now a king above the law.

Persons: CNN — “, Joe Biden, Donald Trump, Biden, —, Donald Trump’s, ” Biden, time’s, Biden’s, Camp David, he’d, Trump, George Washington, “, …, … Donald Trump, he’ll, ” Trump, ’, he’s, it’s, ”, Andrew McCabe, CNN’s Kaitlan Collins, Sonia Sotomayor, Sotomayor’s, ” “ Organizations: CNN, White, Justice Department, SOME, BIDEN, FBI, Trump Locations: Camp, Atlanta, Gettysburg, United States

☆ White House aide dishes on dealing with moody, aging Biden: 'People are scared'
▼ + stars: | 2024-07-02 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewIn the wake of President Joe Biden's disastrous debate performance, top White House aides are starting to open up — albeit anonymously — about how things got to this point. White House Senior Deputy Press Secretary Andrew Bates denied that information was being curated to avoid upsetting Biden in a statement to POLITICO. But the perception of a relatively restricted White House is apparently shared by other Democratic officials outside the building. "I think the Biden team is pretty insular and doesn't really care what anybody says," a senior House Democrat told the outlet.

Persons: —, Joe Biden's, he's, Andrew Bates, Biden, insularity Organizations: Service, White, POLITICO, Business, House, Democrat, Democratic

☆ Boeing rival Airbus is set to launch its game-changing A321XLR plane this year. Here's where it's expected to fly.
▼ + stars: | 2024-07-01 | by ( Taylor Rains | ) www.businessinsider.com time to read: +6 min

With nothing commercial to show from Boeing, which usually has its 777X and Max test jets on display, all eyes will be on European rival Airbus. AdvertisementThe XLR plane is the longest-ranged option in the A321neo family, which has outsold Boeing's 737 since 2019, when two fatal crashes grounded the plane's Max variants. According to Airbus, the XLR is uniquely equipped for long-haul flying, thanks to an extra rear center fuel tank that helps the narrowbody fly up to 5,400 miles (11 hours) nonstop. AdvertisementThe premium seating offers lie-flat beds typical to what customers find on long-haul widebody flights, and is likely to be the norm on long-haul XLRs. "Even well-established city pairs such as London-Miami or Sydney-Kuala Lumpur will benefit from the year-round sweet spot the XLR offers airlines," Airbus marketing specialist Ludek Jando said in September 2023.

Persons: —, Taylor Rains, Max, American's, Jason Reisinger, Andrew Nocella, Willy Boulte, Barry Biffle, Ludek Jando Organizations: Service, Alaska Airlines, Max, Farnborough, Business, Boeing, Airbus, American Airlines , Frontier Airlines, JetBlue Airways, United Airlines, Qantas, AirAsia X, Sky Airline, Czech Airlines, Air Canada, Airlines, JetBlue, Spanish, Washington Dulles, American Airlines, Frontier Locations: Alaska, Iberia, Malaysian, Chile, East Coast, Europe, Madrid, Boston, Washington, Dulles, Raleigh , North Carolina, London, Charlotte, New York, Asia, Beijing, Seoul, Amsterdam, South America, Hawaii, Miami, Sydney, Kuala Lumpur

☆ CNBC Daily Open: U.S. seeks Boeing guilty plea
▼ + stars: | 2024-07-01 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. On Friday, the S&P 500 and Nasdaq hit record highs before pulling back. Boeing 'guilty plea'U.S. prosecutors plan to seek a guilty plea from Boeing over a charge related to two fatal 737 Max crashes in 2018 and 2019, attorneys for the victims' family members said. [PRO] Rally will broadenThe tech sector has driven market performance in 2024, with the S&P 500 tech group up 28% and Nvidia soaring 149%, while small-caps have lagged.

Persons: Max, John Donahoe, Morgan Stanley, Stifel, Gregory Greene, Mary Daly, CNBC's Andrew Ross Sorkin, John Stoltzfus, Lisa Kailai Han Organizations: Dow Jones, Nasdaq, CNBC, Hezbollah, Boeing, U.S, The Justice, DOJ, Nike, Federal Reserve, San Francisco Fed, Nvidia Locations: Israel, Iran, Gox, Japanese

☆ Thousands of homeowners with adjustable-rate mortgages are about to get slammed with higher monthly payments
▼ + stars: | 2024-07-01 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

Unlike the more popular fixed-rate mortgage loans, ARMs can offer temporary relief for homebuyers who want to avoid paying higher mortgage rates — however, they also come with risk. That means when mortgage rates increase, many ARM loan holders, like Hernandez, experience the unpleasant shock of significantly higher monthly home payments. Mortgage rates have remained elevated, adding fuel to one of the most unaffordable housing markets in decades. To Hernandez, it made little sense to refinance the loan while the 30-year fixed mortgage rate remains higher than her new adjusted rate. Marquis said that taking out an ARM loan might be worthwhile for those with a higher risk appetite.

Persons: Jennifer Hernandez, Houston, Hernandez refinanced, homebuyers, , Hernandez, Lorriane Jones, “, blindsided, ”, I’ve, “ I’ve, ” Andrew Marquis, ” Marquis, Marquis, hasn’t, “ I’m Organizations: CNN, ARM, Intercontinental Exchange, ICE, Mortgage, Association, Federal Reserve Locations: Southern California, Lexington , Massachusetts

☆ Trying to convince voters that Biden's debate performance was a one-off will backfire, experts say
▼ + stars: | 2024-07-01 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Read previewPresident Joe Biden's aides have defended his debate performance, treating it as an unimportant one-off in a long campaign. According to The New York Times, the president's aides are trying to cast Biden's performance — branded by many as a disaster — as insignificant in the long run. Related storiesIronically, Biden's aides also appeared to blame the president's age when discussing his debate performance with Axios. "But I know what I do know — I know how to tell the truth ... "By framing Biden's performance as a 'blip,' campaign surrogates are trying to reset expectations.

Persons: —, Joe Biden's, Jen O'Malley Dillon, Biden's, Quentin Fulks, Biden, Trump, Thomas, It's, doesn't Biden, Katherine Tangalakis, Erin Snodgrass, Andrew Payne, Donald Trump, Payne, isn't Organizations: Service, The New York Times, Business, University College London, Interact, White, Q Locations: McDonald's, United States, Raleigh

☆ Big Tech gets a big win from the Supreme Court
▼ + stars: | 2024-07-01 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +6 min

Read previewThe Supreme Court isn't willing to blow up the internet just yet. The Texas law applied to social media companies with at least 50 million users, while Florida included companies with over 100 million users. As Judge Andrew Oldham wrote in his appeals court decision upholding the Texas law, the Florida law "prohibits all censorship of some speakers," while the Texas law "prohibits some censorship of all speakers." Part of the reason the Supreme Court might have agreed to hear the cases to begin with is because there was a circuit split between the states. But Calvert said on Monday that because the high court's decision is so favorable to the social media companies, that's not likely to happen.

Persons: —, isn't, Paxton, Florida's Moody, NetChoice —, Donald Trump, Andrew Oldham, Clay Calvert, Calvert, Elena Kagan, Kagan, Ken Paxton, Ashley Moody ., that's Organizations: Service, Business, Facebook, Twitter, Capitol, Republicans, Meta, Google, Appeals, Circuit Locations: Texas, Florida

Donors still on edgeThe shock waves from last week’s presidential debate are still reverberating, as President Biden and his aides sought to allay concerns from despondent Democrats and wealthy donors about his age and fitness for office. Donors are increasingly becoming reconciled to Biden remaining the Democratic nominee even after Biden’s disastrous performance. But some in the party, and in the markets, are increasingly expecting Donald Trump to win in November. Seventy-two percent of registered voters don’t believe Biden has the mental and cognitive health to serve as president, according to a CBS News poll published Sunday, compared with 65 percent in early June. With the odds for a Trump win rising after the debate, Wall Street analysts are recalculating what that could mean for the economy and the markets.

Persons: Biden, Donald Trump, don’t, Trump Organizations: Democratic, CBS, Trump, Wall Street

☆ Opinion | How to Get Voters the Facts They Need Without a Trump Jan. 6 Trial
▼ + stars: | 2024-07-01 | by ( Andrew Weissmann | ) www.nytimes.com time to read: +1 min

The court also creates a presumption of immunity for other official actions alleged in the Smith indictment. By not deciding the case more than six months ago, when Mr. Smith first raised the issue to the court, it has also provided Mr. Trump de facto immunity. The court clearly believed that it had to weigh in on the scope of criminal immunity for a former president. But it could have weighed in then; the court has kept the criminal case on hold since December. A trial might not happen, but a legal proceeding that will give voters some of what they want and need could still take place.

Persons: Donald Trump, Jack Smith, Smith, Trump Organizations: Justice Department

CNN —A major Supreme Court ruling Friday that shifted power from the executive branch to the judiciary stands to transform how the federal government works. By overturning a 1984 precedent, the court’s conservative majority has made countless regulations vulnerable to legal challenge. The Supreme Court ruling could boost efforts by conservatives who have taken aim at the Biden Environmental Protection Agency’s rules limiting planet-warming pollution from vehicles, oil and gas wells and pipelines, and power plants. The ruling has injected legal uncertainty into regulations of all types, including those on technology, labor, the environment and health care. But the Supreme Court has yet to decide a case heard this term that might gut that limitation.

Persons: ”, Kent Barnett, —, Thomas Berry, John Roberts, Roberts, Elena Kagan, Sonia Sotomayor, Joe Biden, Shawn ThewPool, Adam Rust, ” Rust, Andrew Schwartzman, Alexander MacDonald, ” MacDonald, Sharon Block, ” Block, Biden, Andrew Twinamatsiko, ” Twinamatsiko, “, Paul Gallant, TD Cowen, David Vladeck, Chevron —, Ann Carlson, Carlson, David Doniger Organizations: CNN, Biden, University of Georgia School of Law, Chevron, Natural Resources Defense, Republican, Democratic, Cato Institute . Chief, State of, Consumer, Consumer Financial Protection Bureau, Federal Trade Commission, Consumer Federation of America, “, Supreme, Securities, Exchange Commission, Benton Institute for Broadband & Society, Department of Labor, National Labor Relations Board, Opportunity Commission, Harvard Law School, Center, Labor, American Cancer Society, US Food and Drug Administration, US Department of Health, Human Services, Medicare, Services, Medicaid, Human Services Department, HHS, O’Neill Institute for National, Global Health Law, Georgetown University, FDA, Federal Communications Commission, EPA, National, Traffic Safety Administration, University of California, Natural Resources Defense Council Locations: Obamacare, Chevron, State, Washington , DC, Texas, Littler, Los Angeles

☆ Tech billionaire Peter Thiel says he only allows his children 1.5 hours of screen time a week
▼ + stars: | 2024-06-30 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +1 min

Peter Thiel said he only lets his kids use screens for 1.5 hours a week. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Or my kids, says Peter Thiel. This story is available exclusively to Business Insider subscribers.

Persons: Peter Thiel, Evan Spiegel, Sundar Pichai, —, Andrew Ross Sorkin, Thiel Organizations: Service, Aspen Ideas, PayPal, Facebook, Business Locations: Colorado

They first appeared as a cloud of dust on the horizon. A few seconds later, the motorcycles carrying Russian soldiers sped into view, zigzagging across a field, kicking up dust, attempting a noisy, dangerous run at a Ukrainian trench. “They moved fast, they spread out and they swerved,” said Lt. Mykhailo Hubitsky, describing the Russian motorcycle assault he witnessed. It’s a type of attack that has been proliferating along the frontline this spring, adding a wild new element to the already violent, chaotic fighting. These nonconventional vehicles have been turning up with such frequency that some Ukrainian trenches now overlook junk yards of abandoned, blown up off-road vehicles, videos from reconnaissance drones show.

Persons: ”, Mykhailo Hubitsky Locations: Ukrainian

☆ Buy these five stocks for 'superior returns,' Bank of America says
▼ + stars: | 2024-06-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Stocks like Nvidia have more room to run, according to Bank of America The Wall Street investment bank recently named several companies that have the potential to generate solid returns. CNBC Pro combed through Bank of America research to find buy-rated stocks that are well positioned to succeed. Viking The luxury cruise company that went public in early May is firing on all cylinders, according to Bank of America. He characterized Viking as, "Sailing away with the luxury cruise market and superior returns." Viking Sailing away with the luxury cruise market and superior returns.

Persons: David Barden, Barden, there's, Barden foresees, Andrew Didora, VIK, Didora, Matt Bullock, Bullock Organizations: Nvidia, Bank of America, Wall, CNBC, Apple, Mobile Bank of America, U.S, Viking, Apple Services Locations: Bank

☆ The plot of a new Fox animated comedy series is about a guy who gets a $3,000 monthly 'universal basic income'
▼ + stars: | 2024-06-29 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Basic income programs are the next victim, now on Fox. "Universal Basic Guys" stars a pair of brothers who join a $3,000-a-month basic income program after the hot dog factory where they work becomes automated. A universal basic income is often cited as a potential solution to the likely job losses created by artificial intelligence. A universal basic income would give monthly no-strings-attached cash payments to everyone, regardless of their financial status. While more cities are experimenting with basic income programs, they have also been the target of conservative ire.

Persons: —, Fox, Mark, Hank Hoagies, Andrew Yang, Hank, Mark Hoagies, Homer Simpson, Bob of, Michael Thorn, Adam, Craig Malamut Organizations: Service, Fox, Business, Fox Entertainment, Sony Pictures Television, Sony, NBA, Sony Pictures Television Studios Locations: United States, Iowa

☆ Microsoft AI CEO explains why the economics of information are about to 'radically change'
▼ + stars: | 2024-06-28 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

AI will cut the marginal costs of producing information, Microsoft AI CEO Mustafa Suleyman says. AdvertisementIf the internet dramatically cut the costs of producing information, AI is bound to eliminate them. That's according to Mustafa Suleyman, the CEO of Microsoft AI. "The economics of information are about to radically change," Suleyman said in an interview with journalist Andrew Ross Sorkin at the Aspen Ideas Festival this week. "In 15 or 20 years' time, we will be producing new scientific, cultural knowledge at almost zero marginal cost."

Persons: Mustafa Suleyman, Suleyman, —, Andrew Ross Sorkin Organizations: Microsoft, Service, Aspen Ideas

☆ Fed and ECB look set to cut rates in September, Morgan Stanley strategist says
▼ + stars: | 2024-06-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed and ECB look set to cut rates in September, Morgan Stanley strategist saysAndrew Sheets, managing director and head of cross-asset strategy at Morgan Stanley, says recent data suggests that the Fed and ECB could be prepared to cut rates soon.

Persons: Morgan Stanley, Andrew Sheets Organizations: Fed, ECB

☆ Texas Supreme Court upholds state’s ban on gender-affirming care for minors
▼ + stars: | 2024-06-28 | by ( Andy Rose | Kaanita Iyer | ) edition.cnn.com time to read: +3 min

CNN —The Texas Supreme Court ruled Friday to allow the state’s ban on nearly all gender-affirming care for minors to remain in effect. The law bars Texas health care providers from providing gender transition surgeries, puberty-blocking medication or hormone therapies to those under 18, although exceptions are provided for intersex patients. Texas’ ban is similar to restrictions in nationwide as GOP-led states have moved to curb gender-affirming care for minors, expressing concerns over the long-term effects of such treatment — though major medical associations have deemed it clinically appropriate. More than 20 states have enacted restrictions on gender-affirming care for minors. The Biden administration directly challenged Tennessee’s ban on gender-affirming care for minors, and the US Supreme Court announced this week that it will hear the appeal, which will determine whether states can restrict such care.

Persons: “, ”, ” Karen Loewy, Greg Abbott’s, ” “, Andrew Mahaleris, Abbott, Biden, CNN’s Jack Forrest, Chris Boyette Organizations: CNN, The, The Texas Supreme, Republican, ”, Texas, GOP, Lambda, Lambda Legal, Texas GOP Gov, Texas Legislature, “, US Supreme Locations: The Texas, Texas

Post-debate panicAfter a bruising 90-minute debate that underscored President Biden’s single-biggest weakness — concern about his age — Democratic donors exchanged panicked texts and emails with one question: What’s Plan B? The 81-year-old Biden’s halting, shaky performance against a confident (if sometimes misleading) showing by Donald Trump has set off alarm among Democrats with just seven weeks before the Democratic National Convention and four months before the November election. Some party faithful who were suppressing their doubts about Biden are now privately lobbying Democratic leaders and scouring rule books to figure out how to change the presidential ticket. “Disaster,” one unnamed Democratic donor told CNBC after the debate, reflecting the mood among the party’s moneyed class. Other reactions included “absolute train wreck” and “game over.” “Do we have time to put somebody else in there?” Mark Buell, a well-known Democratic donor, told The Times.

Persons: Biden’s, Donald Trump, Biden, ”, ” Mark Buell Organizations: Democratic National Convention, Democratic, CNBC, Times

Search resuls for: "Andrew " Boz"

25 mentions found