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.
Caleb Silver, editor-in-chief of Investopedia, joined Cheddar News to discuss the rising credit card debt that Americans hold as high-interest rates and continued inflation affect households.
For the first time on the unofficial cannabis holiday 420, cannabis enthusiasts in New York State can purchase their products legally. One of the first licensed adult-use dispensaries across the state was buzzing with business early in the day.
Eric Lynch, managing director of Scharf Investments, joined Cheddar News to discuss Thursday's market session as stocks closed lower, dragged down by Tesla's earnings miss, amid economic fears.
This time it’s for real. Many of Twitter’s high-profile users are have lost the blue check marks that helped verify their identity and distinguish them from impostors on the Elon Musk-owned social media platform.
Lauren Forsch, founder of Popped.nyc, stopped by the Cheddar News studio on 4/20 — a date known to many as Cannabis Day — to discuss the health and wellness benefits of CBD-based products.
One of the last major players in the DVD rental business has expressed interest in purchasing Netflix's mailing division, which is now set to be shut down. Bill Rouhana, CEO of Chicken Soup for the Soul Entertainment, which owns Redbox and its network of DVD kiosks, told The Hollywood Reporter that "I'd like to buy it," and that he's reached out multiple times about an acquisition.