⚖️ Axios PM: Abortion ruling slips

Plus: Inflation PR battle | Wednesday, June 26, 2024

Open in app View in browser   Presented By Goldman Sachs   Axios PM By Mike Allen · Jun 26, 2024 Good afternoon. Today's newsletter, edited by Sam Baker, is 477 words, a 2-min. read. Thanks to Sheryl Miller for copy editing.     1 big thing: SCOTUS set to punt in abortion case   Illustration: Aïda Amer/Axios   Republican legislators appear likely to lose a significant abortion case at the Supreme Court, Bloomberg News reports. 💻 The court hasn't officially handed down that ruling yet, but appeared to accidentally post it online earlier today while releasing other decisions. Bloomberg was able to snag the document before it was taken down. 👓 Catch up quick: The case concerns Idaho's near-total ban on abortion — specifically, whether doctors can perform the procedure during a medical emergency to save the mother from suffering serious health issues. The document posted to the court's website today, per Bloomberg, is a narrow and largely procedural 6-3 ruling. It allows emergency procedures to continue while courts sort out the larger legal questions around Idaho's law. ⚡️ Between the lines: It's the second time in two years that a major abortion ruling has become public before its official release. And it'll be the second loss for abortion-rights opponents this term. Just a few weeks ago, the court rejected a challenge to the FDA's approval of mifepristone, a drug used in medical abortions. What's next: The court has 10 more decisions to hand down over the next two days, including the abortion case and blockbusters on Trump's claims of presidential immunity and the power of federal regulatory agencies. The justices will release more rulings tomorrow at 10 a.m. ET.     2. 📣 Biden's inflation bully pulpit   Photo illustration: Shoshana Gordon/Axios. Photo: Alex Wong/Getty Images   The Biden administration is making a not-so-subtle push to encourage companies to exercise pricing restraint, Axios Macro co-author Courtenay Brown reports. 🗣️ Companies that announce splashy price reductions can expect public praise from the highest levels of government — while attacks on sky-high profit margins, fees and other consumer inconveniences await companies that raise prices. In recent weeks, the administration has applauded Target, Walmart and other grocery chains for beginning to "answer the President's call to lower prices for household goods." ⏸️ Reality check: These price cuts alone are not enough to bring down monthly inflation figures. But the Biden camp hopes highlighting them will cause inflation-weary voters to take notice of day-to-day improvements.     A message from Goldman Sachs IPO issuance continues to grow in 2024     Monetizing via public equity markets continues to serve as a key liquidity alternative for sponsors. Looking ahead: Increased deal count, volume and industry breadth over the next several quarters as the market reopens. Explore Goldman Sachs' latest whitepaper.     3. Catch me up   Wall Street Journal reporter Evan Gershkovich is seen inside an enclosure for defendants before a court hearing in Russia today. Photo: Evgenia Novozhenina/Reuters 🗞️ Wall Street Journal reporter Evan Gershkovich appeared in a Russian court today for the beginning of his trial on espionage charges for which the Kremlin has produced no evidence. He has been detained for more than a year. Go deeper. 💰 Amazon's market cap passed $2 trillion for the first time, putting it in the same league as Alphabet, Apple, Microsoft and Nvidia. Go deeper. 🛬 WikiLeaks founder Julian Assange arrived back in his home country of Australia today after agreeing to a plea deal with the U.S. Go deeper.     4. 📸 1 for the road: Debate prep   Photo: Gerald Herbert/AP Dwight Hall, a field technician for CSPAN, pushes gear as he sets up in the spin room for tomorrow's CNN debate between President Biden and former President Donald Trump.     A message from Goldman Sachs AI will start to boost U.S. GDP in 2027, according to Goldman Sachs Research     Despite significant investment in AI, application still lags. What to expect: Productivity gains unlocked by AI depend on adoption rates. While that will take time, our economists see "very positive" signs that AI will boost GDP and productivity. Get the insight.   Are you a fan of this email format? Your essential communications — to staff, clients and other stakeholders — can have the same style. Axios HQ, a powerful platform, will help you do it.   Axios thanks our partners for supporting our newsletters. Sponsorship has no influence on editorial content. Advertise with us. Axios, 3100 Clarendon B‌lvd, Arlington VA 22201   You received this email because you signed up for newsletters from Axios. To stop receiving this newsletter, unsubscribe or manage your email preferences.   Was this email forwarded to you? Sign up now to get Axios in your inbox.   Follow Axios on social media: