Starbucks Corp. announced Monday that it has added a worker healthcare benefit, offering travel cost reimbursement to those who are enrolled in its program and seeking an abortion or gender-affirming procedures. The announcement comes after a leaked draft of a Supreme Court decision threatens to overturn Roe vs. Wade. The benefit will apply to anyone who cannot access these services within 100 miles of where they live. The benefit also applies to workers' dependents. "[R]egardless of what the Supreme Court ends up deciding, we will always ensure our partners have access to quality healthcare," wrote Sara Kelly, acting executive vice president of partner resources, in a letter posted to the Starbucks site. "Whatever healthcare choice you believe is right for you and your family, you deserve access to those services and the benefits that Starbucks provides." Other companies including Levi Strauss and Amazon have also added a travel reimbursement benefit. Sen. Marco Rubio (R-Fla.) retaliated against businesses making this pledge by proposing legislation that will stop companies from getting tax breaks from covering these costs. Starbucks shares have slumped 37% for the year to date.

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Shares of Griffon Corp. soared 23.4% toward a record in morning trading Monday, after the diversified management and holding company said it started a review of strategic alternatives to maximize shareholder value, which could include a sale of the company, a divestiture or a recapitalization. The stock is also headed for the biggest one-day gain since it ran up 30.0% since Oct. 31, 1987. Chief Executive Ronald Kramer said the review comes on the belief that there is a "profound disconnect" between Griffon's underlying value of its businesses and the stock price. "Given this disconnect, the Board and management believe it is necessary to consider a review of alternatives, with a focus on maximizing near-term shareholder value creation," Kramer said. "Our top priority is unlocking the true intrinsic value of Griffon for our shareholders." The company said there is no timeline for the review, and there is no assurance that it will result in any transaction. The stock, which is trading above the Dec. 28, 2021 record close of $29.06, has gained 11.2% over the past 12 months, while the S&P 500 has slipped 3.8%.

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Shares of Seagen Inc. were up 2.4% in trading on Monday after the company said its president and CEO Clay Siegall has resigned. Seagen had announced last week that Siegall would take a leave of absence after he was allegedly involved in a domestic violence incident at his home. Siegall has denied the allegations. Roger Dansey, Seagen's chief medical officer, has already stepped in as interim CEO while the board of directors looks for a new CEO. Seagen's stock has declined 9.8% this year, while the S&P 500 is down 15.5%.

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