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Newsweek
22 minutes ago
- Newsweek
Missouri GOP Considers Texas-Style Redistricting Plans
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The Missouri Republican Party is reportedly considering redistricting plans similar to those proposed in Texas that would bolster the GOP's chances in upcoming elections. Missouri Governor Mike Kehoe is weighing the proposal, Bloomberg reported, citing senior legislative leadership and a spokesperson for the governor. Newsweek reached out to representatives for Kehoe via a website form for comment. Why It Matters The potential move by Missouri comes amid intensifying national conflict over congressional redistricting. Republicans have sought to redraw the districting map in Texas that would bolster their chances in the upcoming midterm election and potentially gain five seats in the House of Representatives. That plan, backed by President Donald Trump, was thwarted when more than 51 Texas Democrats traveled out of state to stop the vote, sparking anger from critics and praise from political allies who accused Republicans of gerrymandering and voter suppression. Votes can only take place in the Texas legislature when two-thirds of the 150 members are present. Republicans have slim majorities in Congress, and traditionally, voters lean toward the party not in the White House in midterm elections. Therefore, Republicans are under pressure ahead of November 2026. Missouri Governor Mike Kehoe takes the stage before his acceptance speech in Jefferson City on November 5, 2024. Missouri Governor Mike Kehoe takes the stage before his acceptance speech in Jefferson City on November 5, 2024. Bailey Stover/Missourian via AP What To Know Texas state Senator Cindy O'Laughlin, the Republican president pro tempore, told Bloomberg that Kehoe "wants to be sure Missouri's representation matches Missouri's Christian conservative majority," adding that the legislature was ready to take up a special session if the governor called for one. However, an unnamed GOP congressional aide told the outlet that it is not yet clear whether the legislature will move forward with the proposal. If it goes forward, the move will be contentious. U.S. Representative Emanuel Cleaver, a Missouri Democrat who could see his district redrawn, told Bloomberg that his lawyers are looking into whether White House officials have violated federal law by putting pressure on Missouri lawmakers over these redistricting plans. What People Are Saying Communications Director for Governor Mike Kehoe, Gabby Picard, told Bloomberg: "Governor Kehoe will always consider options that provide congressional districts that best represent Missourians." Texas Democratic Representative Emanuel Cleaver told Bloomberg: "These kinds of political high jinks really turn off the public. This is highly divisive." Texas Attorney General Ken Paxton, on X: "Democrats in the Texas House who try and run away like cowards should be found, arrested, and brought back to the Capitol immediately. We should use every tool at our disposal to hunt down those who think they are above the law." New York Governor Kathy Hochul, at an August 4 press conference: "These brave public servants are taking a stand, a strong stand, against a blatant power grab that's happening in their state as we speak. And this will have implications not just in Texas, but for our entire nation and its future." What Happens Next Legal experts anticipate that any aggressive redistricting moves could prompt court challenges. Historically, lawsuits delayed or overturned redistricting plans when courts deemed them unconstitutional or violative of the Voting Rights Act. Meanwhile, action is brewing in other states. The U.S. Supreme Court is reviewing a dispute over redistricting in Louisiana, and earlier this year overturned a lower court decision that ruled South Carolina's congressional map was unconstitutional. On Monday, the Associated Press reported that Democrats in California are considering a political map that would hand them five more seats while bolstering incumbents in other battleground districts.
Yahoo
an hour ago
- Yahoo
Hims & Hers stock slides 5% after second quarter revenue misses forecasts
Hims & Hers Health (HIMS) stock fell as much as 5% early Tuesday after the company reported revenue late Monday that fell shy of Wall Street forecasts while maintaining its full-year forecast. The telehealth company posted revenue of $544.8 million in the second quarter, which marked a 73% increase year-over-year but missed analyst estimates for $552 million, according to Bloomberg data. Hims maintained its full-year revenue guidance of $2.3 billion-$2.4 billion. Earnings per share topped forecasts, coming in at $0.17 against expectations for $0.15. The stock had dropped as much as 11% in premarket trade. Hims' slide comes after drugmaker Novo Nordisk (NVO) ended a short-lived partnership between the two companies in June that saw Novo Nordisk allows Hims access to its viral weight-loss drug Wegovy. Novo Nordisk alleged in the announcement that Hims "has failed to adhere to the law which prohibits mass sales of compounded drugs under the false guise of "personalization" and are disseminating deceptive marketing that put patient safety at risk." Shares in Novo Nordisk fell more than 21% last month after the drugmaker announced that it was slashing profit forecasts for Wegovy and its diabetes treatment Ozempic. In August 2022, the US Federal Drug Administration (FDA) allowed compounding pharmacies, including those working with telehealth providers like Hims, to copy and distribute semaglutide weight-loss and weight-management drugs due to shortages in brand-name products like Wegovy and Eli Lilly's (LLY) Zepbound after massive consumer demand. The move allowed Hims to market a GLP-1 weight-loss drug itself while the shortage was in place, which it began doing in May 2024, according to the FT. But the FDA ended that order in February, citing that the shortage of brand-name GLP-1s had ended and ordering compounding pharmacies to stop production by April. Coming off the FDA ruling, Hims is trying to diversify its product offerings. Management announced in May in a Q1 shareholder letter that its "vision involves expanding from hundreds of personalized treatments today to potentially thousands." Still, the company's stock has been a big winner relative to GLP-1 leaders like Novo and Eli Lilly this year, rising more than 150% year-to-date against a more than 40% slide for Novo shares. Eli Lilly stock is roughly flat this year. "The momentum we saw through the first half of 2025 is proof that our platform is delivering exactly what millions of people have been waiting for, access to personalized, high-quality care that meets people where they are," CEO Andrew Dudum said during Hims' Q2 earnings call. "From the beginning, we have believed that medicine should be centered on the individual, not the system. We are now seeing the market demanding just that. What we have built is working and it's working at scale." Jake Conley is a breaking news reporter covering US equities for Yahoo Finance. Follow him on X at @byjakeconley or email him at Sign in to access your portfolio
Business Insider
an hour ago
- Business Insider
Africa's biggest stock exchange considers extending trading to 24 hours
Africa's largest stock exchange is weighing the introduction of 24-hour trading as part of efforts to align with global market trends, according to Johannesburg Stock Exchange (JSE) CEO Leila Fourie. The Johannesburg Stock Exchange (JSE) is considering introducing 24-hour trading to align with global market trends. A transition to extended trading could benefit South Africa due to its global market connections and dual-listed companies. The proposal is currently under review, with the JSE consulting market participants for a medium- to long-term decision. Africa's largest stock exchange is weighing the introduction of 24-hour trading as part of efforts to align with global market trends, according to Johannesburg Stock Exchange (JSE) CEO Leila Fourie. 'We are investigating this avenue and we'll work with our market to make sure that we deliver what's right for the South African market,' Leila Fourie told Bloomberg. Stock exchanges across the globe are extending their trading hours to cater to a growing wave of retail investors who now trade seamlessly via smartphones. The 24-hour trading revolution The push for longer trading windows is also aimed at accommodating investors across different time zones and keeping pace with the always-on nature of other asset classes like foreign exchange (FX) and cryptocurrencies. In recent months, the New York Stock Exchange (NYSE) has announced plans to operate for 22 hours a day, from 1:30 a.m. to 11:30 p.m., while Nasdaq and Cboe Global Markets have unveiled similar initiatives. The London Stock Exchange is also reviewing proposals to lengthen its trading sessions. For South Africa, transitioning to 24-hour trading could bring meaningful advantages, particularly given its deep ties to global markets and the number of companies dual-listed on international exchanges. 'We are very pleased with the announcements by large exchanges to move to a 24-hour cycle, because it's net positive and net beneficial for South Africa, largely because we have so many dual-listed counters,' Fourie said. She noted that a final decision on extending the JSE's trading hours will be made in the 'medium- to long-term' following consultations with market participants. However, brokers and traders are deeply sceptical, saying South Africa's thin trading volumes make this unviable.
