As some states have recently enacted further restrictions on abortion rights, women's health care startup Pill Club — a company that sells birth control subscriptions via telemedicine — is trying to fill a gap in service at a time when women need help the most.
The company has announced that it is donating 5,000 units of the generic version of Plan B for women in need as part of a collaboration with the nonprofit Power to Decide. The pills are a form of emergency contraception taken immediately after sex.
"I think there's a real need and an increased role for the private sector to really be able to help," Nick Chang, the CEO and co-founder of Pill Club, told Cheddar.
"If a number of public companies and nonprofits are facing restricted funds, or are facing headwinds, this is the right moment for private sector companies to be able to help out."
The company has also promised to match up to $10,000 in donations to the partnering nonprofit's contraceptive access fund.
2019 saw several states drastically restrict abortion rights. Amnesty International reports that 42 restrictions on abortions were enacted in the first half of the year. Five states — Georgia, Ohio, Alabama, Kentucky, and Mississippi — have passed so-called 'heartbeat' bills, which would ban abortion about two weeks after a woman first misses her period due to pregnancy.
"Our ability to serve women in these states is only becoming an increasingly important dynamic," Chang said.
Chang says the company doubled in size this year, and that demand has increased in the regions most impacted by recent restrictions on abortion.
Peacock shared the trailer for the second season of the celebrity competition show, 'The Traitors.'
Darden, the parent company of chain restaurants like Olive Garden and Ruth's Chris Steakhouse, beat Wall Street estimates in its latest earnings report.
A former Facebook executive pled guilty to stealing more than $4 million from the company while she was employed there.
Rising safety concerns over water bead products marketed to kids have prompted major retailers like Amazon, Target and Walmart to pull some toys off their shelves.
The Congressional Budget Office said Friday it expects inflation to nearly hit the Federal Reserve's 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years.
Intel is out with a new product to challenge other big players in the space like Nvidia and AMD.
Stocks fell after the opening bell Friday but will end on another positive week.
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
Americans picked up their spending from October to November as the unofficial holiday season kicked off, underscoring that shoppers still have power to keep buying.
The average long-term U.S. mortgage rate dropped below 7% to its lowest level since early August, another boost for prospective homebuyers who have largely been held back by sharply higher borrowing costs and heightened competition for relatively few homes for sale.
