Your Weekend Reading: Wall Street Prepares for a Post-Roe America

Much of corporate America has stayed quiet since it was revealed that the U.S. Supreme Court could be poised to reverse Roe v. Wade. But on Wall Street, the likes of Goldman Sachs and JPMorgan are mulling extending benefits to cover travel for reproductive services, potentially joining Citigroup, Amazon and Uber in similar efforts. Republican lawmakers want to make such moves expensive for employers, however. More broadly, if the Republican-appointee dominated high court follows through on the draft opinion by Samuel Alito, the legal fallout could eventually endanger same-sex marriage and contraceptive rights. Closer aboard, such a ruling may worsen what’s already one of the highest rates of maternal death in childbirth of any developed nation. And politically, in a country where a clear majority favors the right to abortion, such a decision is likely to further polarize the coming midterm elections.

The Federal Reserve lifted borrowing costs by the steepest increment since 2000 to tamp down inflation. Dovish comments from Fed Chair Jerome Powell represented an “unforced error” in messaging, Jonathan Levin and Robert Burgess argue in Bloomberg Opinion. Longer term, higher prices and interest rates may linger as the world transitions to a greener economy.