Stock Market News

Mastercard to cover employee travel, lodging for out-of-state abortions

2022.05.18 21:22

Mastercard to cover employee travel, lodging for out-of-state abortions
FILE PHOTO: A Mastercard logo is seen on a credit card in this picture illustration August 30, 2017. REUTERS/Thomas White

(Reuters) – Mastercard Inc (NYSE:MA) on Wednesday said it will fund travel and lodging for employees seeking abortions outside their home states from June, according to an internal memo seen by Reuters.

Companies including Microsoft Corp (NASDAQ:MSFT), Amazon.com Inc (NASDAQ:AMZN) and Tesla (NASDAQ:TSLA) have rushed to the aid of their U.S. employees as several states tighten abortion restrictions.

The country’s top court is also set to overturn a 1973 ruling which legalized abortion nationwide, according to a leaked initial draft majority opinion by the U.S. Supreme Court.

Three of the six major U.S. banks have already taken initial steps towards the effort. Citigroup Inc (NYSE:C) began covering travel expenses for employees who go out of state for abortions in March, the first major bank to do so.

Peers JPMorgan Chase & Co (NYSE:JPM) and Goldman Sachs Group Inc (NYSE:GS) are also reviewing its policies that cover abortion benefits for employees.

Besides expenses related to pregnancy terminations, Mastercard will also cover surrogacies, adoption services, vasectomies and access to contraception, the memo said.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 97,963.25 1.00%
ethereum
Ethereum (ETH) $ 3,421.81 3.80%
tether
Tether (USDT) $ 1.00 0.21%
solana
Solana (SOL) $ 256.64 1.04%
bnb
BNB (BNB) $ 657.18 5.37%
xrp
XRP (XRP) $ 1.49 2.73%
dogecoin
Dogecoin (DOGE) $ 0.428555 5.38%
usd-coin
USDC (USDC) $ 0.999897 0.11%
cardano
Cardano (ADA) $ 1.06 7.78%
staked-ether
Lido Staked Ether (STETH) $ 3,419.96 3.77%
tron
TRON (TRX) $ 0.213976 6.55%
avalanche-2
Avalanche (AVAX) $ 42.02 6.18%
the-open-network
Toncoin (TON) $ 6.41 16.96%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 4.11%
stellar
Stellar (XLM) $ 0.507125 55.69%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,052.04 3.64%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,601.15 1.17%
polkadot
Polkadot (DOT) $ 8.59 35.73%
chainlink
Chainlink (LINK) $ 17.53 13.89%
bitcoin-cash
Bitcoin Cash (BCH) $ 509.37 4.44%
sui
Sui (SUI) $ 3.46 0.08%
weth
WETH (WETH) $ 3,420.65 3.70%
pepe
Pepe (PEPE) $ 0.000021 2.56%
leo-token
LEO Token (LEO) $ 8.63 3.90%
near
NEAR Protocol (NEAR) $ 6.18 8.51%
litecoin
Litecoin (LTC) $ 98.57 8.85%
aptos
Aptos (APT) $ 12.87 7.30%
uniswap
Uniswap (UNI) $ 11.12 18.84%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,604.91 3.88%
hedera-hashgraph
Hedera (HBAR) $ 0.155086 10.75%
internet-computer
Internet Computer (ICP) $ 11.47 11.69%
crypto-com-chain
Cronos (CRO) $ 0.198315 4.51%
usds
USDS (USDS) $ 0.998717 0.76%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.572267 20.38%
ethereum-classic
Ethereum Classic (ETC) $ 29.85 6.79%
render-token
Render (RENDER) $ 7.81 8.33%
kaspa
Kaspa (KAS) $ 0.156788 5.21%
bittensor
Bittensor (TAO) $ 517.28 5.78%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.26%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.41 14.68%
bonk
Bonk (BONK) $ 0.000049 1.87%
whitebit
WhiteBIT Coin (WBT) $ 24.77 0.34%
arbitrum
Arbitrum (ARB) $ 0.862965 10.29%
dai
Dai (DAI) $ 1.00 0.16%
vechain
VeChain (VET) $ 0.041729 23.63%
mantra-dao
MANTRA (OM) $ 3.72 2.68%
filecoin
Filecoin (FIL) $ 5.54 17.24%
dogwifcoin
dogwifhat (WIF) $ 3.31 6.56%
cosmos
Cosmos Hub (ATOM) $ 8.18 11.98%
blockstack
Stacks (STX) $ 2.08 6.83%