John Kasich. Photo: Chip Somodevliia/Getty Images
The "heartbeat bill" won't become Ohio law after the state senate fell just one vote short on a veto override Thursday after outgoing Governor John Kasich (R) vetoed the controversial bill, WOSU radio reports.
Why it matters: The bill would have made it illegal for women in Ohio to get an abortion once a fetal heartbeat was detected, which typically happens in the first few weeks of a pregnancy. Kasich vetoed a similar bill in 2016.
The U.S. economy grew at a 33.1% annualized pace in the third quarter, the Commerce Department said on Thursday.
The state of play: The record growth follows easing of the coronavirus-driven lockdowns that pushed the economy to the worst-ever contraction — but GDP still remains well below its pre-pandemic level.
Illustration: Sarah Grillo/Axios
Photo: Jeenah Moon/Getty Images
The massive losses in oil prices and U.S. and European equities were not countered by gains in traditional safe-haven assets on Wednesday.
Why it matters: The unusual movement in typical hedging tools like bonds, precious metals and currencies means they are not providing investors an asset that will appreciate in the event of a major equity selloff.