Remember how DeSantis attacked Disney after the company objected to some of his policies?
How tech giants will help workers obtain ‘critical health care’ post-Roe
in May, Tesla (TSLA), Amazon (AMZN), and Apple (AAPL) were among the companies to volunteer that they would be offering travel reimbursement coverage for their employees seeking to get out-of-state medical care, including abortions.
On Friday, Microsoft (MSFT), Netflix (NFLX), and Lyft (LYFT) told Yahoo Finance that they all provide a similar travel benefit.
These companies could find their incentive programs, like tax abatements, cut off if they don’t toe the line set by the most extreme states where they do business.
Seems to be a growing trend across certain parts of the country. I remember when a religious group was trying to organize a boycott of Ford Motor, because Ford advertised in a magazine that was popular among the gay community. Now, some states are aiming the force of law at companies.
states are targeting Wall Street with ‘anti-woke’ laws
This year there are at least 44 bills or new laws in 17 states penalizing such company policies, compared with roughly a dozen such measures in 2021,
The growing restrictions show how America’s culture wars are creating new risks for some of the most high-profile U.S. companies, forcing them to balance pressure from workers and investors to take stances on hot-button issues with potential backlash from conservative policymakers.
West Virginia and Arkansas this year, for example, stopped using BlackRock Inc (BLK.N) for certain services, due to its climate stance,
In Texas, JPMorgan Chase & Co (JPM.N), Bank of America (BAC.N) and Goldman Sachs (GS.N) have been sidelined from the municipal bond market due to laws passed last year barring firms that “boycott” energy companies or “discriminate” against the firearms industry from doing new business with the state.
Steve…holding JPM and Goldman