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.
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Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
