We speak with CBS Reporter Linda Kenyon in Washington, DC on Texas Abortion Pill and Banking Crisis
BANKING CRISIS
It’s been a volatile 24 hours on Wall Street, with stocks reeling in the wake of a shaky banking sector – with fear spreading to the EU. Shares of the Swiss Bank Credit Suisse plunged more than 20 percent on Wednesday to an all-time low, after a Saudi bank-a top investor-said it wasn’t interested in pumping new investments into it. The Swiss central bank has pledged financial help for Credit Suisse. The bank has been beset by problems. It follows criticism of how Silicon Valley Bank was run, before it collapsed. US regulators shut down SVB, and New York’s Signature Bank.
TEXAS ABORTION PILL
A Texas judge heard arguments on Wednesday in a lawsuit that poses a threat to the nationwide availability of medication for abortion. The hearing included speakers from the Biden Administration and several physicians’ groups. The forthcoming decision is in response to a request from anti-abortion medical associations to order the FDA to withdraw its approval of the drug mifepristone. The ruling could affect states regardless of whether abortion is legal. Medication-induced abortions account for more than half of abortions.