Portland to vote on trade and travel ban with Texas following abortion law, companies mostly silent
Published Date: 9/8/2021
Source: CNBC Television
Yale's Jeffrey Sonnenfeld joins Shep Smith to discuss the response to Texas' new abortion law, and why corporate America has remained largely silent. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi Companies behind the largest U.S. dating apps are reacting to Texas’ restrictive abortion law that was allowed to go into effect this week by the Supreme Court. Bumble, based in Austin, said it was creating a relief fund supporting people seeking abortions in the state. “Bumble is women-founded and women-led, and from day one we’ve stood up for the most vulnerable. We’ll keep fighting against regressive laws like #SB8,” the company said in a tweet, referring to the legislation signed in May by Republican Gov. Greg Abbott. The law bans most abortions after six weeks of pregnancy, a time period before many women have even discovered they’re pregnant. A Bumble spokesperson declined to comment. Match Group CEO Shar Dubey also announced in a memo to employees that she would personally create a fund to support Texas-based workers and dependents who needed to seek care outside of the state, a company spokesperson confirmed to CNBC. Match, based in Dallas, owns a bevy of dating companies, including its namesake app Match along with Hinge, Tinder and OKCupid. “As I have said before, the company generally does not take political stands unless it is relevant to our business. But in this instance, I personally, as a woman in Texas, could not keep silent,” Dubey said in the memo. “Surely everyone should see the danger of this highly punitive and unfair law that doesn’t even make an exception for victims of rape or incest. I would hate for our state to take this big step back in women’s rights,” she added. Bloomberg first reported of Dubey’s memo. » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC https://www.cnbc.com/select/best-credit-cards/ #CNBC #CNBCTV