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A handful of House Democrats refused to say this week whether they believe women should be allowed to have an abortion up until the moment of birth.

Asked by Fox News Digital whether they would support any limitation on abortion, four Democrats – Reps. Ayanna Pressley of Massachusetts, Adam Schiff of California, Juan Vargas of California and Abigail Spanberger of Virginia – would not answer the question.

With the exception of Vargas, the Democrats largely ignored the abortion questions altogether, just ahead of the first anniversary of the Supreme Court’s decision to overturn Roe v. Wade.

Vargas, although he did not answer the question directly, told Fox News that he believes ‘women should be able to chose their own healthcare’ and that he ‘shouldn’t decide for them.’

House Republicans were also asked the same question, with Reps. Tim Burchett of Tennessee and Nick Langworthy of New York weighing in on the subject.

‘I don’t believe in abortion at all,’ Burchett said outside the Capitol. ‘I think it’s murder. You got a little baby . . . and there’s no excuse.’

Referencing his Democratic colleagues, Burchett said, ‘This bunch here has pushed it til after birth, and we tried to defeat the bill, but Democrats were in control.’

Asked the same question, whether he believes abortion should be permitted up until the moment of birth, Langworthy told Fox, ‘Absolutely not.’

‘I come from the state of New York, we have abortion on demand, and I think it’s one of the great treacheries of our time that we have abortion that has been legalized right up until the ninth month, right up to the moment of birth. And there’s no way to slice it . . .  that is murder.’

The questioning to lawmakers from both sides of the aisle comes as pro-life organizations and causes rally in the nation’s capital to celebrate the one-year anniversary of the Supreme Court’s decision to overturn Roe v. Wade.

Thousands of pro-life activists are expected to join the ‘National Celebrate Life Day’ rally in D.C. over the weekend.

One year ago Saturday, the Supreme Court effectively ended recognition of a constitutional right to abortion and gave individual states the power to allow, limit or ban the practice altogether.

The ruling came in the court’s opinion in Dobbs v. Jackson Women’s Health Organization, which involved a Mississippi law that banned abortion after 15 weeks of pregnancy. The Republican-led state of Mississippi asked the U.S. Supreme Court to strike down a lower court’s ruling that stopped the 15-week abortion ban from taking effect.

‘We end this opinion where we began. Abortion presents a profound moral question. The Constitution does not prohibit the citizens of each State from regulating or prohibiting abortion. Roe and Casey arrogated that authority. We now overrule those decisions and return that authority to the people and their elected representatives,’ Justice Samuel Alito wrote in the court’s opinion.

Earlier this year, 210 Democrats voted against legislation that would require immediate medical attention for babies who are born alive after an attempt was made to abort them.

Fox News’ Peter Kasperowicz contributed to this report.

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Former President Donald Trump on Saturday warned against the possible ouster of Russian President Vladimir Putin, saying that the successor to the Russian strongman could be ‘far worse.’

‘A big mess in Russia, but be careful what you wish for. Next in may be far worse!’ he said on Truth Social.

Trump spoke amid an ongoing situation in Russia in which the Wagner private Russian military force was marching to Moscow in what appeared to be a significant challenge to Putin’s leadership, 16 months into the war against Ukraine. The column of paramilitary fighters later announced that it would turn around to avoid bloodshed.

In Moscow, the government threw up private checkpoints, armored vehicles and other security measures ahead of the Wagner army, marking a stunning and potentially explosive sign of division within Russia over Putin’s leadership.

Yevgeny Prigozhin, the commander of the group, had accused military leaders of botching the war in Ukraine and said he had 25,000 troops under his command. The force made its way 60 miles into Russia, claiming to have taken control of the city Rostov-on-Don, from which Russian military command has coordinated its attack on Ukraine.

Prigozhin targeted Defense Minister Sergei Shoigu specifically, accusing Russian government forces of attacking Wagner field camps in Ukraine with rockets, helicopter gunships and artillery, and has previously called for the minister’s ouster.

‘This is not a military coup, but a march of justice,’ Prigozhin said.

Putin, meanwhile, called the rebellion ‘treason’ and promised harsh consequences for those involved.

‘All those who prepared the rebellion will suffer inevitable punishment,’ Putin said. ‘The armed forces and other government agencies have received the necessary orders.’

However, Prigozhin later appeared to defuse the situation by announcing that the march had been halted, and that forces were retreating to the field camps in Ukraine as part of a deal brokered by Belarus President Aleksandr Lukashenko. It is not clear what the deal entails.

In audio posted to social media, Prigozhin said that while his troops were just 120 miles from Moscow, he chose to turn back to avoid ‘shedding Russian blood.’

A statement from the Belarusian government claimed, ‘At the moment, an absolutely profitable and acceptable option for solving the situation is on the table, with security guarantees for the Wagner PMC fighters.’

In the U.S., National Security Council spokesperson Adam Hodge on Friday night said, ‘We are monitoring the situation and will be consulting with allies and partners on these developments.’

Fox News’ Peter Aitkin and The Associated Press contributed to this report. 

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Texas GOP Sen. Ted Cruz is urging the House to look into impeaching President Biden after an IRS whistleblower on the Hunter Biden probe told Congress that the president’s son invoked his father to pressure a Chinese business partner through WhatsApp and claimed the elder Biden was in the room while he was making deals.

Asked at what point the investigation and problems pertaining to Hunter Biden turn into an issue for the president, which could lead to impeachment efforts by Republicans, Cruz said: ‘It is right now.’

‘Look, this WhatsApp is direct evidence of Joe Biden abusing his government power to enrich his son, and, assuming 10% for the big guy, to enrich himself,’ Cruz continued. ‘Remember, this WhatsApp says ‘we want to know.’ This is not just me, Hunter, just mooching off my dad. . . . Of course the House needs to investigate it, but the stunning thing is what the IRS whistleblower says is [Department of Justice], Merrick Garland prevented an investigation even into this message.’ l

Garland has denied that there was any interference in the Hunter Biden probe.

Cruz’s remarks came during a new episode of the senator’s podcast, which is called Verdict with Ted Cruz.

Cruz discussed allegations from an IRS whistleblower released by House Republicans this week, where an investigator on the Hunter Biden probe claimed there had been unprecedented efforts to prevent investigations into Joe Biden during the 2020 campaign and into his presidency.

Whistleblower Gary Shapley Jr. — who oversaw the IRS probe into the president’s son — said the IRS had obtained a WhatsApp message dated July 30, 2017, from Hunter Biden to Henry Zhao, CEO of Harvest Fund Management, in which Hunter alleged that he was with his father and named him to put pressure on Zhao to fulfill a commitment.

‘And, Z, if I get a call or text from anyone involved in this other than you, Zhang, or the chairman, I will make certain that between the man sitting next to me and every person he knows and my ability to forever hold a grudge that you will regret not following my direction.’

‘I am sitting here waiting for the call with my father,’ Hunter Biden reportedly said.

‘This WhatsApp directly ties Joe Biden to the millions of dollars coming from communist China,’ Cruz said. ‘Now, it is possible Hunter Biden was lying, it’s possible Joe Biden wasn’t next to him. It’s possible Joe Biden was not going to inflict official damage on the Chinese if they didn’t pay him and his son millions of dollars. That’s possible, but you know what, we don’t know if it’s true or not. Why? Because, according to the whistleblower, they didn’t investigate, and they were prohibited from investigating. They were prevented from even asking the question.’

‘Let me be clear: This, on the face of it, is obstruction of justice,’ he said. ‘And if Merrick Garland issued that order, he is the one blocking the investigation, and I think there’s real evidence of Merrick Garland being guilty of obstruction of justice.’

Cruz, a member of the Senate Judiciary Committee who has served in the Senate since 2013, said, ‘If you had a single Democrat who gave a flying flip about the rule of law, we would have a hearing right now with Merrick Garland in front of us, under oath, asking about this WhatsApp,’ he said. ‘We would ask to see every document, we would ask to see every email, we’d ask to see every communication between DOJ and the investigators. We would put the IRS whistleblowers on the stand, under oath to testify about it, and we would confront Merrick Garland with that.’

‘The chances of the Senate Judiciary Committee doing that are zero, because [chairman] Dick Durbin doesn’t care,’ he added. ‘No Senate Democrat cares, but the House does, so that is the only hope for investigating this.’

If the claims made in the WhatsApp message are accurate, they starkly contradict President Biden’s repeated insistence that he had no knowledge of son Hunter’s business dealings.

Asked Friday by a reporter whether the WhatsApp message undermines the president’s claims that he had no knowledge of his son’s overseas activities, National Security Council Strategic Communications Coordinator John Kirby replied, ‘No, and I’m not going to comment further on this.’

A Hunter Biden attorney said in a statement Friday, ‘Any verifiable words or actions of my client, in the midst of a horrible addiction, are solely his own and have no connection to anyone in his family.’

White House Counsel’s Office spokesman Ian Sams said, ‘As we have said many times before, the President was not in business with his son.’

‘As we have also said many times before, the Justice Department makes decisions in its criminal investigations independently, and in this case, the White House has not been involved,’ Sams continued. ‘As the President has said, he loves his son and is proud of him accepting responsibility for his actions and is proud of what he is doing to rebuild his life.’

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New York City spent approximately $50,000 in a one-year period to resettle dozens of migrants in different parts of the U.S. — including Florida and Texas — as well as other countries, including South American nations and even China.

The city spent $50,000 between April 2022 and April 2023 to rehouse 114 migrant households to states across the country, according to data obtained by Politico. The top three states were Florida (28 households), Texas (14) and North Carolina (6). The outlet also reported that five households were sent to other countries, including Peru, China, Ecuador and Venezuela.

The existence of transportation programs out of the city for migrants are neither new nor hidden. The city in September announced the formation of Humanitarian Emergency Response and Relief Centers, which provide services to migrants including ‘settlement options’ via family connections both in and outside of the Big Apple.

‘We found that people had other destinations, but they were being compelled only to come to New York City, and we are assisting in interviewing those who seek to go somewhere else,’ Adams said in February. ‘Some want to go to Canada, some want to go to warmer states, and we are there for them as they continue to move on with their pursuit of this dream.’

But the data from Politico comes after Adams and other Democratic leaders across the U.S. have hammered the governors of Florida and Texas for their resettlement programs that transport migrants to so-called ‘sanctuary’ jurisdictions like New York City, Washington D.C., and California.

Critics have denounced the Republican governors for what they say is the weaponization of immigrants as part of a political stunt and have accused them of misleading migrants to get them on the transports against their will. Governors have rejected those claims and said that the transports are voluntary.

In a statement to Politico, a spokesman for Texas Gov. Abbott noted recent comments by Adams in which he called busing migrants ‘morally bankrupt.’

‘Where is all the outrage and condemnation from the White House and Democrats for one of their own sending migrants out of town, out of state, and even out of the country?’ Abbott spokesperson Andrew Mahaleris said.

But NYC officials rejected the comparison, saying that the tickets being bought are not part of a chartered service, unlike what Texas does, and the city busses migrants to other parts of New York State. Officials have also cited cases where people were sent to NYC who didn’t want to be there.

‘The Texas governor chartered buses to New York City and placed asylum seekers, many of whom did NOT want to come here, on multi-day journeys without food, limited water, few bathroom breaks, and no medical attention,’ a City Hall spokesperson told Fox News Digital. 

‘Our teams meeting buses cared for people who were dehydrated, malnourished, and, in many cases, saying they did not want to come to New York City. We heard reports of asylum seekers tagged with barcodes, prevented from getting off the bus along the journey, and being forced to sign papers they did not fully understand. In contrast, New York City has, as we have discussed very publicly for months, worked to connect individuals with friends, family, and networks whether in New York City or outside of it. We are not coercing people to leave, we are not suggesting or recommending locations, and we are not presenting any kind of false choice. We are helping people who want to reconnect with loved ones or communities do so.’

But the controversy taps into the ongoing debate about migrant transportation and the ethics involved in doing so. Border states like Texas have argued that they need to protect their communities from a historic influx of migrants and believe it justified to send them to jurisdictions that call for policies that they say have encouraged the crisis.

Florida Gov. Ron DeSantis recently defended his transports to California after Gov. Gavin Newsom and other California officials accused his state of ‘kidnapping’ migrants.

‘These sanctuary jurisdictions are part of the reason we have this problem because they have endorsed and agitated for these types of open-border policies,’ DeSantis said. ‘They have bragged that they are sanctuary jurisdictions.’

‘I don’t think we should have any of this. But if there’s a policy to have an open border then I think the sanctuary jurisdictions should be the ones that have to bear that,’ he said. ‘We’re not a sanctuary in Florida.’

Numbers released by Customs and Border Protection (CBP) last week showed that there were over 204,000 migrant encounters at the southern border in May alone, bringing the total encounters for the fiscal year to over 1.6 million.

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A U.S. judge on Friday blocked a new Florida law restricting drag performances, the third time this month federal courts have enjoined laws backed by Florida Gov. Ron DeSantis that concern gender or LGBTQ matters.

In all three cases, the issues supported by DeSantis, a Republican presidential candidate, lost on grounds the laws appear to infringe on people’s constitutional rights.

In Friday’s decision, U.S. District Judge Gregory Presnell of the Middle District of Florida granted an injunction preventing the state from enforcing a law that bans minors from attending obscene live performances, calling it too broad.

The judge refused to dismiss the law entirely, meaning the underlying lawsuit challenging it will go forward.

The governor’s office said the judge was ‘dead wrong’ and predicted the state would win on appeal.

‘Of course it’s constitutional to prevent the sexualization of children by limiting access to adult live performances,’ DeSantis spokesperson Jeremy Redfern said in an email.

Hamburger Mary’s, an Orlando bar and restaurant that presents drag show performances, comedy sketches and dancing, filed the lawsuit in response to a law DeSantis signed in May.

Hamburger Mary’s argued the law was written so broadly as to have a ‘chilling effect’ on First Amendment rights to free speech guaranteed by the U.S. Constitution. The judge agreed, finding the plaintiff was likely to succeed at trial on First Amendment grounds.

‘Florida already has statutes that provide such protection (from obscene performances). Rather, this statute is specifically designed to suppress the speech of drag queen performers,’ Presnell wrote.

While many drag performers are gay, the genre has grown increasingly mainstream. Opponents of drag have associated it with wider LGBTQ issues that conservatives consider contrary to traditional values.

DeSantis has been at the forefront of a conservative campaign restricting LGBTQ rights.

On Wednesday, another judge struck down a Florida rule and a statute that banned state Medicaid payments for transgender health care.

That same judge on June 6 partially blocked Florida from enforcing its recent ban on people under 18 receiving gender care, such as puberty blockers and hormone therapy.

In both cases, U.S. District Judge Robert Hinkle of the Northern District of Florida cited 14th Amendment guarantees to equal protection under the law.

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GOP presidential candidate Vivek Ramaswamy was on Capitol Hill on Thursday, courting conservative lawmakers with his ‘anti-woke’ platform as the crowded 2024 Republican primary heats up.

Ramaswamy attended a roundtable held by the House Anti-Woke Caucus led by Rep. Jim Banks, R-Ind., which also included conservative members like Reps. Kevin Hern, R-Okla.; Harriet Hageman, R-Wyo.; Kat Cammack, R-Fla.; and Mike Waltz, R-Fla., among others. 

It does not appear that the event netted him any new GOP backers, however, Ramaswamy insisted it was not why he traveled to the Hill, telling Fox News Digital that it was to spread his message that ‘wokeness’ was a ‘quiet cancer.’

‘My goal today was actually not to seek endorsements. My endorsement strategy is actually let the people come to me, who actually agree with the vision that I have,’ he said in response to Fox News Digital’s question on his goal for the visit and whether he’d won any support there. 

‘The goal here was in my capacity as a citizen, not even as a candidate today, but a relationship that I’d begun with many people in this movement the last several years, to speak up on behalf of a quiet cancer that threatens to kill the American Dream that allowed me to achieve everything I have in my life.’

Some lawmakers in attendance, like Waltz and Hageman, had already thrown their support behind former President Donald Trump’s 2024 bid — by far considered the most likely primary winner. Poll aggregator FiveThirtyEight projects Ramaswamy’s current support at 2.5%, and while he’s netted some state-level backers, he has yet to be endorsed by a sitting federal legislator.

But it has not deterred Ramaswamy, who pledged to speak to anyone who wants to discuss his campaign.

‘Today I’m actually happy to announce coming out of this meeting, I’ll be the first person to sign the ‘Talk to Anyone’ pledge. We in this movement will not just talk to certain wings of the media. And so I’m proud to lead the way, and I’ll be the first signatory of this new pledge coming out of the discussion we had today. That left wing media, right wing media, university campuses, Black communities, White communities, it doesn’t matter. I’m the first to sign the pledge that we in our movement will talk to anybody, and practice what we preach when it comes to free speech,’ he said.

Ramaswamy told the gathered lawmakers earlier in the session, ‘The way we defeat the woke agenda is by diluting it to irrelevance with a vision of what it means to be an American and why you’re proud to be American.’

‘One myth perpetuated by the media is that the Republicans fighting against wokeness can’t define it. I can tell you that’s false,’ he said. ‘Wokeness refers to a philosophy in America, which says that your identity is based on the color of your skin, your race, your gender, or your sexual orientation, and that you’re either oppressed or you’re an oppressor, depending on your genetic characteristics. And furthermore, that you have to do everything you can even through the private sector, to correct for those injustices to have left defines it, it’s how the right should define it.’

The businessman-turned-politician was at one point forced to defend his position when asked whether he believed racism played any role in societal divisions today. 

‘There is no winner in the oppression Olympics in America. The only loser is America itself in the end, so at some point, I think we have to stop driving with our eyes in the rearview mirror,’ Ramaswamy said. ‘I think the right way we do that is by ceasing and stopping this obsession with our skin-deep diversity and differences and start celebrating our true strength, not our diversity, but what united us across those diverse attributes — that American dream.’

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The Office of the Director of National Intelligence has released the declassified COVID-19 origins report to members of Congress.

The nine-page report on the ‘Potential Links between the Wuhan Institute of Virology and the Origin of the COVID-19 Pandemic’ analyzed the U.S. intelligence community’s understanding of the Wuhan, China-based institute at the center of the theory that the pandemic could have come from a lab leak, including its capabilities and actions of its personnel, the summary of the report said. 

‘This report does not address the merits of the two most likely pandemic origins hypotheses, nor does it explore other biological facilities in Wuhan other than the WIV,’ it said.

The report was declassified in response to the COVID-19 Origin Act of 2023, which President Biden signed in March, requiring government information on what may have led to the pandemic to be declassified. 

While the intelligence community hasn’t come to a conclusion on whether the pandemic was spurred by a lab leak or from ‘natural exposure’ by an infected animal – like at one of the wild animal markets in China – ‘All agencies continue to assess that both a natural and laboratory-associated origin remain plausible hypotheses to explain the first human infection,’ the report said. 

The National Intelligence Council and four other intelligence community agencies have assessed that natural contact with a wild animal was the most likely cause while the Department of Energy and the FBI believe a lab leak was most likely. 

The report said the CIA and another unnamed agency haven’t come to a conclusion, ‘as both hypotheses rely on significant assumptions or face challenges with conflicting reporting.’ 

But ‘almost all’ of the agencies have assessed it was not ‘genetically engineered’ and the entire intelligence community agrees that SARS-CoV-2, the virus that causes COVID-19, was ‘not developed as a biological weapon.’

The report said that while the Wuhan Institute of Virology is independent of China’s People’s Liberation Army (PLA), the two have worked together on ‘public health-related research and collaborated on biosafety and biosecurity projects,’ including coronaviruses that sometimes involved animal sampling and genetic analysis (for example, vaccine-related work) before the pandemic, ‘but no known viruses that could plausibly be a progenitor of SARS-CoV-2.’

‘Between 2017 and 2019, the WIV funded and some of its personnel conducted research projects to enhance China’s knowledge of pathogens and early disease warning capabilities for defensive and biosecurity needs of the military,’ the report said, adding the intelligence community assessed the vaccine work was for ‘public health needs and that the coronaviruses known to be used were too distantly related to have led to the creation of SARS-CoV-2.’ 

It added that there is no direct evidence of a leak at the lab.

‘We continue to have no indication that the WIV’s pre-pandemic research holdings included SARSCoV-2 or a close progenitor, nor any direct evidence that a specific research-related incident occurred involving WIV personnel before the pandemic that could have caused the COVID pandemic.,’ it said. 

Analysis shows the institute, which contains one of the world’s largest repositories of bat samples, first acquired SARS-CoV-2 at the start of the pandemic in Dec. 2019 ‘when WIV researchers isolated and identified the virus from samples from patients diagnosed with pneumonia of unknown causes.’ 

And while scientists at the institute had previously created combinations of SARS-like coronaviruses using common lab practices, the intelligence community has no information ‘indicating that any WIV genetic engineering work has involved SARS-CoV-2, a close progenitor, or a backbone virus that is closely-related enough to have been the source of the pandemic.’

Some of the techniques used in their genetic engineering projects, however, could make it difficult to determine ‘intentional’ changes, the report said.

Regarding safety at the lab, the report assessed that some scientists at the institute ‘probably did not use adequate biosafety precautions at least some of the time prior to the pandemic in handling SARS-like coronaviruses, increasing the risk of accidental exposure to viruses,’ adding that prior to the pandemic the institute had been trying to improve safety standards. 

‘Nearly a year after the accreditation of the WIV’s BSL-4 laboratory in 2017, China’s decisions of which pathogens required higher biocontainment protocols remained opaque, while the facility had a shortage of appropriately trained personnel,’ it said, adding that scientists at the lab continued to conduct SARS-like coronavirus research in less stringent BSL-2 laboratories by Jan. 2019, ‘despite acknowledgements going back to 2017 of these virus’ ability to directly infect humans through their spike protein and early 2019 warnings of the danger of this practice.’

A 2020 inspection of the institute shortly after the pandemic started also showed it needed to upgrade equipment, add disinfection equipment and enhance ventilation systems. 

The report included that several researchers at WIV were infected with symptoms that mirrored COVID-19 in the fall of 2019, which Fox News previously reported. 

‘The IC continues to assess that this information neither supports nor refutes either hypothesis of the pandemic’s origins because the researchers’ symptoms could have been caused by a number of diseases and some of the symptoms were not consistent with COVID-19,’ the report said. 

The scientists later tested negative for SARS-CoV-2 antibodies, the World Health Organization said in a 2021 report. 

The ill scientists exhibited a range of symptoms indicative of colds or allergies and some were determined to have illnesses unrelated to COVID-19, the report assessed. 

READ THE REPORT BELOW. APP USERS: CLICK HERE.

A statement from the Office of the Director of National Intelligence (ODNI) said it had released the report on Friday due to the COVID-19 Origin Act of 2023, which ‘required the Intelligence Community to declassify information relating to potential links between the Wuhan Institute of Virology and the origin of the COVID-19 pandemic.’

This is a developing story.

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Democratic New York Gov. Kathy Hochul on Friday signed into law a bill allowing doctors to prescribe abortion pills to nonresidents of the state.New York now joins several other states protecting interstate abortion-seekers with telehealth ‘shield’ laws.‘Extremist lawmakers in other states can stop their health care providers from supplying abortion pills. If that’s your state, I feel sorry for your constituents. But they can’t stop us. They can’t stop our providers,’ Hochul said at a signing ceremony.

A law to protect doctors in New York who prescribe abortion pills to patients in states where the procedure is outlawed was signed Friday by Gov. Kathy Hochul, who said the measure would serve women living in states with bans.

Coming a year after the U.S. Supreme Court struck down the nationwide right to abortion, the law bars New York officials from cooperating with certain legal actions initiated in states where abortion is banned, such as arrests or extraditions. New York joins several other states with similar telehealth ‘shield laws.’

‘Extremist lawmakers in other states can stop their health care providers from supplying abortion pills. If that’s your state, I feel sorry for your constituents. But they can’t stop us. They can’t stop our providers,’ Hochul, a Democrat, said at a bill signing ceremony.

A year after the Dobbs ruling, 14 states have bans on abortion throughout pregnancy — with some exceptions. Other states have adopted deep restrictions. In all, 25 million women of childbearing age now live in states with abortion bans or tighter restrictions.

New York already adopted protections for medical professionals who provide abortion care for patients traveling from states with bans or restrictions. But Hochul and lawmakers expanded protections to telehealth services at a time when more than half of abortions in the U.S. are carried out with medication.

ACT Access co-founder Dr. Linda Prine said they will mail pills as soon as the legislation is signed.

The measure was given final approval in the Legislature earlier this week as it ended its regular session.

Also Friday, Arizona’s Democratic Gov. Katie Hobbs signed a sweeping executive order to protect anyone involved with a legally obtained abortion from prosecution.

The order bans local prosecutors from bringing abortion-related charges and state agencies from assisting in any criminal investigations without a court order. In addition, Arizona will not honor any extradition requests for people wanted for assisting, providing or seeking an abortion.

Arizona Attorney General Kris Mayes, a Democrat, is the only official who can oversee abortion-related prosecutions.

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The markets pulled back this week amid global recession fears that followed the Bank of England’s interest rate hike. Most concerning to investors was that the ½% increase came on the heels of an elevated U.K. inflation report for May. Thoughts that the U.S. may get stuck in a similar position pushed the S&P 500 lower as rising interest rates are negative — particularly for Growth stocks.

Other factors were at play in last week’s pullback as well, however, with the broader market Indices exhibiting an overbought condition after five weeks of gains. Most stretched were Technology stocks, which were the top performers and were led by Semiconductor and Software stocks.

Daily Chart of the Nasdaq Composite

Above is a chart of the Tech-heavy Nasdaq, which has gained almost 17% since March. Gains this month pushed the RSI into an overbought position, with an early June period of consolidation being enough to appease the markets. The more recent overbought condition has brought a pullback into play, with heavy volume on two of this week’s down days, which indicates distribution.

At this juncture, each of the moving averages remain in an uptrend, with the markets exhibiting surprising resiliency in the face of renewed global recession fears. In fact, most of the names from the Suggested Holdings List of my MEM Edge Report outperformed the markets and are holding up above key support.

On the Nasdaq chart above, I’ve highlighted the characteristics of this Index prior to last year’s late August-into-October decline, which resulted in a loss of over 20%. While I’m not anticipating a decline of that magnitude, it’s important to be aware of what to be on the lookout for to signal more than just a 5% pullback.

These signals can be used for individual stock holdings as well. At this time, I’m focused on names in leadership areas that are holding in better than the markets. These stocks will go on to be your top performers once the market pressures are lifted.

Paying attention to any sector rotation will also be key. Last week, we saw a larger pullback in the Industrial and Material sectors, which are cyclical and will be more sensitive to fears of a global recession. The pullback in these areas, as well as Technology, pushed the Equal Weighted S&P 500 down 2.3% for the week. A lessening of participation in the markets would not be a positive.

If you’d like to be alerted to any shift in my outlook for the broader markets, as well as become tuned in to the leadership stocks that will take the markets higher as downside pressure subsides, use this link here to trial my twice-weekly MEM Edge Report for a nominal fee.

Warmly,

Mary Ellen McGonagle, MEM Investment Research

The Federal Trade Commission on Wednesday sued Amazon, alleging the nation’s dominant online retailer intentionally duped millions of consumers into signing up for its mainstay Prime program and “sabotaged” their attempts to cancel.

The agency claims Amazon violated the FTC Act and the Restore Online Shoppers’ Confidence Act by using so-called dark patterns, or deceptive design tactics meant to steer users toward a specific choice, to push consumers to enroll in Prime without their consent.

“Amazon tricked and trapped people into recurring subscriptions without their consent, not only frustrating users but also costing them significant money,” FTC Chair Lina Khan said in a statement.

The FTC had been investigating sign-up and cancellation processes for Amazon’s Prime program since March 2021. Tensions flared between Amazon and the FTC when the agency sought to have CEO Andy Jassy and founder Jeff Bezos testify on the company’s Prime practices. Amazon argued the request would be unduly and burdensome, which the FTC rejected.

More from CNBC:

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Launched in 2005, the Prime program has grown to become one of the most popular subscription services in the world, with more than 200 million members globally, and it has generated billions of dollars for Amazon. It costs $139 a year and includes perks like free shipping and access to streaming content.

The lawsuit, filed in U.S. District Court for the Western District of Washington, accuses Amazon leadership of slowing or rejecting changes that would have made it easier for users to cancel Prime because those changes “adversely affected Amazon’s bottom line.”

Amazon made it difficult for consumers to buy items on its site without Prime, and a button that instructed users to complete their transaction did not clearly state that they were also agreeing to join Prime for a recurring subscription, the complaint states.

The cancellation process is also difficult to navigate and designed to deter consumers from ending their Prime subscription, the FTC alleged. Amazon used an internal term called “Iliad” to describe the process, referencing Homer’s epic poem about the Trojan War, the agency said, citing a report by Insider.

The complaint marks the third lawsuit the FTC has filed against Amazon in the last month. Amazon in late May agreed to pay the agency more than $30 million to settle cases alleging privacy lapses in its Alexa and Ring units. Amazon said it disagreed with the FTC’s claims but that it settled in order to move on from the matter.

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