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SCOTUS likely to rule against ban on conversion therapy. Following oral arguments, the Supreme Court’s conservative majority appeared to side with a faith-based Christian therapist who said that a Colorado law banning LGBTQ+ conversion therapy for kids violates her First Amendment rights. The state’s lawyer, meanwhile, argued that all therapy in the state is subject to regulation and cited a “mountain of evidence” from medical groups that the practice can not only be harmful to children, but is also ineffective. The ruling, expected next year, will carry implications for the 20+ other US states that currently prohibit conversion therapy for minors.
Tesla unveiled a cheaper version of the Model Y. The more affordable version of its top-selling car will cost $39,990 (11% cheaper than the base model), which the automaker hopes will counteract the loss of the US’ tax incentives to buy EVs. Tesla enjoyed a record quarter in Q3 as consumers rushed to purchase electric vehicles before the $7,500 tax credit expired, but it’s now expected to struggle due to a decline in demand. Investors have long hoped that the company would introduce a lower-priced version of its signature car and were alarmed when CEO Elon Musk instead prioritized robots and self-driving tech, according to Bloomberg.
Minerals company skyrockets after White House buys 10% stake. If you hadn’t heard of Trilogy Metals, now you have. After the Trump administration said it was investing $35.6 million in Trilogy to boost US supply of critical minerals from Alaska, the company’s stock ballooned by more than 200%. Trump’s investment and approval of mining permits reverse the Biden administration’s rejection of the project over environmental concerns. China remains the world leader in critical minerals, producing nearly 70% of its supply of rare earths, per CNBC.—AE
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