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Uber and Lyft logos in Los Angeles, California. Photo: Smith Collection/Gado/Getty Images

Uber, Lyft and DoorDash are prepared to spend a collective $90 million on a ballot measure, vowing on Thursday to fight a California bill that would force their workers in the state to be treated as employees, rather than independent contractors, the AP reports.

What's happening: The companies are offering $30 million each to counter the state bill with a yet-to-be drafted ballot initiative that would give drivers health benefits, collective bargaining rights and earnings guarantees. Per the New York Times, the tech firms argue that "changing the legal status of their drivers poses a fundamental threat to their businesses."

Details: Uber is offering approximately $21 per hour as minimum wage to its drivers, a "portable benefits fund," and a process where drivers could have "legally recognized influence over decisions that impact their work" through "their own democratic process."

What's next ... As the AP notes, “We will meet the gig companies’ absurd political spending with a vigorous worker-led campaign to defeat this measure to ensure working people have the basic job protections and the right to organize a union they deserve under the law,” according to Steve Smith, spokesman for the California Labor Federation, which sponsored the bill.

  • The companies, trying to strike a bargain before the bill comes to a vote in September, would ditch their ballot plan if they could come up with a compromise with Gov. Gavin Newsom and the unions on a bill that provides unique requirements for those who work “gig” jobs.

Go deeper: A California bill could upend the gig economy

Go deeper

Ipsos poll: Support growing for abortion rights in Latin America

Members of feminist groups in Saltillo, Mexico, after the decriminalization of abortion was approved in Coahuila, Mexico. Photo: Antonio Ojeda/Agencia Press South/Getty Images

Support for abortion rights in some Latin American countries has jumped considerably since 2014, with Argentina seeing the biggest shift, an Ipsos poll finds.

The big picture: The view that abortion should be permitted at least under certain circumstances is held by a majority of adults surveyed in Argentina, Brazil, Chile, Colombia, Mexico and Peru.

Biden claims "era of relentless war" is over in first UN speech

Photo: Eduardo Munoz/PoolL/AFP via Getty Images

Addressing the UN General Assembly for the first time since taking office, President Biden laid out his vision for how the U.S. will confront what he characterized as a "decisive" next decade in human history.

Why it matters: In the face of unprecedented global challenges — the pandemic, climate change, rising authoritarianism — Biden made a case for multilateralism, democratic values, the rule of law and empathy for common struggles.

Treasury sanctions cryptocurrency exchange over ransomware transactions

Treasury Secretary Janet Yellen during a congressional hearing in June. Photo: Greg Nash/The Hill/Bloomberg via Getty Images

The Department of the Treasury announced Tuesday it will sanction cryptocurrency exchange SUEX for allegedly facilitating financial transactions for multiple ransomware actors.

Why it matters: The sanctions, the first against a cryptocurrency exchange platform, are part of the Biden administration's crackdown on ransomware in response to several high-profile cyberattacks this year.