“We must eliminate restrictions that would criminalize women who suffer a miscarriage at home, protect the rights of women to access safe and legal abortion, and protect the medical professionals providing access to women’s reproductive care,” El-Behairy said. “According to the New York Civil Liberties Union (NYCLU), seven out of ten New Yorkers across political and religious lines support the Reproductive Health Act, which respects women’s right to control their own bodies and make choices that are best for them and their families. And yet Chris Jacobs, the current District 60 Senator, voted with the Republican majority against releasing this bill from the Senate Health Committee to the floor for a vote.” El-Behairy, who serves on the board of her local Planned Parenthood affiliate, is a longtime supporter of a woman’s right to choose and supports access to quality healthcare—particularly for women. When elected, the progressive Democrat will work to ensure that state law protects New Yorkers from potentially disastrous federal actions. “New York State has the opportunity to protect a woman’s right to choose,” El-Behairy said. “In the event Roe is overturned, the passage of the Reproductive Health Act would ensure that a woman in New York is able to choose the best course of action regarding her personal healthcare decisions, including electing to have a child or to end a pregnancy.” The act would update New York State’s existing pre-Roe laws by amending the penal law, the criminal procedure law, the county law, and the judiciary law, and put abortion—a medical procedure—into the health code where it belongs. El-Behairy is a small business owner with a record of service to the region’s arts, education, and health organizations. She is running on a platform of quality education, particularly universal pre-K, healthcare access and affordability, election reform, and economic development with preservation. El-Behairy is the endorsed Democratic candidate for New York State Senate, District 60.]]>
El-Behairy Supports Cuomo’s Executive Order, Urges Jacobs and New York Senate to Pass Reproductive Health Act
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Trump Media scrambles to stop short sellers from tanking share prices
Trump Media and Technology Group, the parent company of Truth Social, is scrambling to stop short sellers from tanking its share values.
NBC News reports that Trump Media this week sent around suggestions to shareholders to prevent their shares in the company from winding up in the hands of short sellers who are essentially betting on the company's failure to make money.
According to NBC, the "tips include holding DJT shares in a cash account at a brokerage firm as opposed to a margin account, 'opting out of any securities lending program,' moving Trump Media shares to the company’s designated transfer agent, and transferring shares to a bank and 'holding them in your retirement account.'"
Short sellers essentially pay brokerage firms fees to borrow shares on a temporary basis on the belief that the shares will sink in price.
READ MORE: From 'really rich' to begging: Inside Trump's U-turn on one of his first campaign lies
After borrowing the shares, the short sellers proceed to sell them on the open market and then by them back by a specific date when they have to be returned to their owners.
If the share price in that time has indeed gone down, then the short sellers pocket the difference they made between the original sale and the repurchase.
If the share price increases, however, the short sellers lose money because they'll be buying back the shares at a higher price than the original sale.
Short sellers have swarmed to Trump Media shares for weeks now, as its price has plummeted from a high of $66.22 on March 27th to a low of $22.84 on Tuesday, although its price has recovered some of that lost value in the last day-and-a-half of trading.
The longer-term threat to Trump Media's value likely isn't short sellers, however, but simply a lack of profitability. The selloff in shares started earlier this month when the company released an earnings report showing that it lost $58 million in the last fiscal year while generating just $4 million in revenues.
