Protests are planned across the country to denounce the ruling.

\n\nThe supreme court has ruled there is no constitutional right to abortion in the United States, upending the landmark Roe v Wade case from nearly 50 years ago in a rare reversal of long-settled law that will fracture reproductive rights in America.\n\nJoe Biden called the ruling a “tragic error” and the Republicans celebrating it “wrong, extreme and out of touch”.\n\nThe court, the president said, had pointed America down “an extreme and dangerous path”. Sounding an alarm over a concurring opinion by the conservative justice Clarence Thomas, Biden said key rights including same-sex marriage and access to contraception could now be targeted by the rightwing court.\n\nHe said: “Justice Thomas said as much today. He explicitly called to reconsider the right of marriage equality. The right of couples to make their choices on contraception.\n\n“This is an extreme and dangerous path the court has now taken us on.”\n\nThe ruling, handed down a day after the court overturned a New York gun control law, came in the case Dobbs v Jackson Women’s Health Organization, in which the last abortion clinic in Mississippi opposed state efforts to ban abortion after 15 weeks and overturn Roe.\n\n“We hold that Roe and Casey must be overruled,” said the majority opinion, written by Samuel Alito and joined by four other conservatives, referring also to a 1992 ruling which buttressed Roe. “The constitution makes no reference to abortion, and no such right is implicitly protected by any constitutional provision.”\n\n

December 1, 2021: Dobbs v. Jackson Women's Health Organization brought to the Supreme Court, a case dealing with a Mississippi law that bans abortion after 15 weeks.

\n\nThe Supreme Court ruled to overturn Roe v. Wade on Friday. This decision will mean laws further restricting abortion care and services will go into effect in many states. Following May's leak of the draft Supreme Court opinion in which the justices appear ready to overturn Roe, we asked you what questions you had for our experts about abortion care and access in the U.S.\n\nMany of you wrote in wanting to know more about the impact this decision could have on hospitals, in vitro fertilization, and care for miscarriages. To answer those questions, we reached out to Kristyn Brandi, an OB-GYN and family planning doctor, who is also the board chair for Physicians for Reproductive Health, and NPR health policy correspondent Selena Simmons-Duffin.\n\nMiscarriage care is definitely going to be impacted — it's already happening in Texas.\n\nA lot of times people think about miscarriage as something that's spontaneous, that somebody has no control over. That can be true, but it can also be something that people have to make decisions about. The standard of care for treating a miscarriage is the same as the standard of care for providing an abortion.\n\nThe way that can play out is if somebody has a miscarriage and they need to take medication to empty the uterus so they're not at risk of infection, that same medication is what's used for medication abortion. There have already been a lot of reports of pharmacists in Texas not filling those prescriptions for people who are suffering miscarriages.\n\n

Miscarriage care already being impacted in Texas.


\n\nSwitzerland’s biggest bank, UBS, has agreed to buy its ailing rival Credit Suisse in an emergency rescue deal aimed at stemming financial market panic unleashed by the failure of two American banks earlier this month.\n\n“UBS today announced the takeover of Credit Suisse,” the Swiss National Bank said in a statement Sunday. It said the rescue would “secure financial stability and protect the Swiss economy.”\n\nUBS is paying 3 billion Swiss francs ($3.25 billion) for Credit Suisse, about 60% less than the bank was worth when markets closed on Friday. Credit Suisse shareholders will be largely wiped out, receiving the equivalent of just 0.76 Swiss francs in UBS shares for stock that was worth 1.86 Swiss francs on Friday. Owners of $17 billion worth of “additional tier one” bonds — a riskier class of bank debt — will lose everything, Swiss regulators said.\n\nExtraordinarily, the deal will not need the approval of shareholders after the Swiss government agreed to change the law to remove any uncertainty about the deal.\n\nCredit Suisse (CS) had been losing the trust of investors and customers for years. In 2022, it recorded its worst loss since the global financial crisis. But confidence collapsed last week after it acknowledged “material weakness” in its bookkeeping and as the demise of Silicon Valley Bank and Signature Bank spread fear about weaker institutions at a time when soaring interest rates have undermined the value of some financial assets.\n\n

UBS has completed the acquisition of Credit Suisse.

\n\nUBS executives told shareholders that its unexpected takeover of Credit Suisse was a milestone for the industry and a significant challenge for the bank, Reuters reported.\n\nDescribing the transaction as "the first merger of two globally systematically important banks," Chairman Colm Kelleher sought to assure investors that it also meant "a new beginning and huge opportunities ahead for the combined bank and the Swiss financial center as a whole."\n\nLast week, UBS rehired Sergio Ermotti as chief executive to steer the massive takeover. According to recent reports, UBS is preparing to eliminate about 20 to 30% of jobs worldwide.\n\nAddressing shareholders for the final time as chief executive, Ralph Hamers acknowledged that the merger has led to new priorities for the bank, bringing a change at its helm.\n\n"The acquisition of Credit Suisse will be a major challenge," Hamers said.\n\n"It is expected to create a business with more than $5 trillion in total invested assets," he said.\n\nPrice Action: UBS shares are down 0.81% at $20.83 during the premarket session on the last check Wednesday.\n\n

UBS acquires Credit Suisse for over $3 billion.


Less than a week after Elon Musk finally gave in and paid full price for Twitter, his attempts to remake the platform are already descending into an entirely predictable clown show. Watching him begin to reshape content moderation and launch a poorly considered monetization scheme would be entertaining if their potential effects weren’t so dire, with consequences for Twitter’s employees and users, and potentially the broader society. \n\nOriginally reported Sunday by The Verge, a plan to charge verified users to get or keep their blue checks was expected to cost $20 a month. But after widespread backlash on the platform and a poll tweeted by Musk ally Jason Calacanis, in which nearly 82% of users responded that they wouldn’t pay anything for verification, those plans appear to have changed.\n\nBy Tuesday afternoon, Musk had posted a thread on the platform outlining his plan to charge $8 a month instead — part of an overhaul of Twitter’s existing Blue service.\n\nAlong with the coveted blue check, Twitter Blue subscribers will be able to post longer video and audio clips. They will also have half as many ads in their feeds and be able to get around paywalls from news publishers “willing to work” with the platform, and their tweets will get priority in replies, mentions and search results.\n\nIt should come as no surprise that such a plan could have a number of drawbacks.

Twitter announced a new subscription service, Twitter Blue.

Twitter has begun laying off sizable chunks of the company, the first major move by Elon Musk since his acquisition of the company was completed last week.\n\nTwitter told employees in an email sent Thursday evening and seen by NBC News that the company would notify staffers by email about their employment.\n\n“We recognize that this will impact a number of individuals who have made valuable contributions to Twitter, but this action is unfortunately necessary to ensure the company’s success moving forward,” the email said.\n\nThe firings immediately prompted a class action lawsuit against Twitter for allegedly failing to give a 60-day warning of mass layoffs.\n\nIt had been widely reported that Musk planned to slash the company\'s 7,500-person payroll after he finalized his $44 billion acquisition late last week. He immediately dismissed CEO Parag Agrawal, as well as Twitter’s chief financial officer and its head of legal, public policy and trust and safety upon taking over the company.\n\nA Twitter employee said Thursday\'s email was the first communication staff members had received from Twitter since the acquisition Oct. 27.\n\n"It\'s total chaos, house melting down, everyone looking towards this email," the employee said.\n\nAccording to the email from Twitter, staff members will get notices either through their company email accounts — if they still have jobs — or their personal email accounts if their "employment is impacted."\n\nWorries about layoffs began to emerge before the buyout transaction was complete, but Twitter\'s general counsel urged employees not to dwell on rumors before Musk took ownership.

Twitter sends email to employees notifying them of layoffs.

After months of waffling, lawsuits, verbal mudslinging, and the near miss of a full-blown trial, Elon Musk now owns Twitter.\n\nOn Thursday night, Mr. Musk closed his $44 billion deal to buy the social media service, said three people with knowledge of the situation. He also began cleaning the house, with at least four top Twitter executives — including the chief executive and chief financial officer — getting fired on Thursday. Mr. Musk had arrived at Twitter’s San Francisco headquarters on Wednesday and met with engineers and ad executives.\n\nThe closing of the deal, which followed months of drama and legal challenges as Mr. Musk changed his mind about buying the company, sets Twitter on an uncertain course. Mr. Musk, a self-described “free speech absolutist,” has said that he wants to make the social media platform a more freewheeling place for all types of commentary and that he would “reverse the permanent ban” of former President Donald J. Trump from the service. Mr. Musk’s open approach to speech on Twitter could exacerbate long-simmering issues of toxic content and misinformation, affecting political debates around the world. Early tests will come within days, when Brazil elects its president and American voters go to the polls on Nov. 8 for the midterm elections. Twitter said it would prohibit misleading claims about voting and the outcome of elections, but that was before Mr. Musk owned it.

Elon Musk closes $44 billion deal to buy Twitter.

Elon Musk has completed his $44 billion acquisition of Twitter, the company confirmed in a securities filing Friday, putting the world’s richest man in charge of one of the world’s most influential social media platforms.\n\nThe company said the deal “became effective” on Thursday, as part of a filing notifying its intention to de-list from the New York Stock Exchange, a move that happened later on Friday. The confirmation comes after a source familiar with the deal told CNN the deal had closed Thursday night.\n\nMusk also appeared to acknowledge the takeover in a tweet Thursday night saying, “the bird is freed.”. The deal’s closing removes a cloud of uncertainty that has hung over Twitter’s business, employees and shareholders for much of the year. It also averts a court battle that was set to take place if the acquisition did not close by 5 p.m. ET Friday. But Musk’s takeover now raises a host of new questions for the future of the social media platform, and the many corners of society impacted by it. Musk on Thursday fired CEO Parag Agrawal, CFO Neg Segal and policy head Vijaya Gadde, according to two sources familiar with the situation. He also fired Sean Edgett, Twitter’s general counsel, a source told CNN.\nDespite multiple news outlets confirming the changes Thursday night, Twitter staff had still not formally been informed of the changes as of Friday morning, two Twitter employees told CNN.

Twitter de-lists from the New York Stock Exchange.

Elon Musk, Twitter’s most important shitposter, has added the company to his business empire after months of legal skirmishes, according to CNBC, The Washington Post, and Insider. The acquisition was confirmed in an SEC filing from the company on Friday morning, noting it’s delisting $TWTR from the New York Stock Exchange. He celebrated by firing executives. Musk fired Parag Agrawal, who succeeded Jack Dorsey as Twitter CEO, and chief financial officer Ned Segal, both of who were in the building at the time and escorted out by security, according to Reuters. Vijaya Gadde, the company’s policy chief whom Musk had publicly criticized, was also ousted. Sean Edgett, the general counsel, is gone, too, The New York Times reports. (Bloomberg says security escorted him out, as well.) Chief customer officer Sarah Personette was not among the executives fired but announced she resigned on October 28th with a tweet thread posted the following Tuesday. In it, she mentions, “I do believe the new administration understands the importance of holding up the standards of GARM.”\nThe execs were in line for handsome payouts for their trouble, Insider reports: Agrawal $38.7 million, Segal $25.4 million, Gadde $12.5 million, and Personette, who tweeted yesterday about how excited she was for Musk’s takeover, $11.2 million. However, a subsequent report from The Information indicated Musk has said they’re fired “for cause” in an attempt to block them from receiving those payouts. It’s unclear what this may mean for Personette.

Twitter acquisition was confirmed in an SEC filing.