The Walt Disney Company has filed a lawsuit against Florida Governor Ron DeSantis, claiming that he has weaponized government power against the company. The lawsuit alleges that DeSantis has orchestrated a campaign against Disney, which threatens the company’s business. It is the latest escalation in a long-standing feud between DeSantis and Disney, which began when
Business
Ed Sheeran has been accused of copying Marvin Gaye’s 1973 classic “Let’s Get it On” in his hit song “Thinking Out Loud”. The lawsuit was filed by the heirs of Ed Townsend, the co-writer of “Let’s Get It On” with Gaye. The plaintiffs first filed the civil suit in 2017 and are being represented by
Target, the retail giant, has launched a new service allowing customers to make returns without leaving their car. The curbside-returns service has been introduced to approximately a quarter of Target’s 2,000 stores nationwide and will be available across the chain by the end of summer. This move comes as Target seeks to attract and retain
McDonald’s CEO, Chris Kempczinski, has revealed that some customers are pushing back against higher prices in some markets and opting for fewer menu items in their orders. Shares of McDonald’s dropped slightly on Tuesday, but the stock reached a new 52-week high, with the fast-food giant up by approximately 10% so far this year. Consumer
The Food and Drug Administration (FDA) has granted accelerated approval to Biogen’s new drug, Tofersen, for treating a rare and aggressive form of amyotrophic lateral sclerosis (ALS). The approval was granted as Tofersen has filled an unmet medical need for serious conditions. However, Biogen and its co-developer Ionis must further study Tofersen and verify its
Gap is set to lay off over 500 employees in a bid to reduce costs and streamline its operations, according to sources who spoke to CNBC. The exact number of job cuts is not yet known, but it is believed to be larger than the 500 corporate positions that the company announced last September. The
McDonald’s recently reported its Q1 earnings, which exceeded Wall Street expectations as the fast-food giant’s customers continued to purchase popular items like Big Macs and Shamrock Shakes. However, the company’s executives did express concerns over a possible recession looming in the United States and Europe, reiterating similar warnings from the previous quarter. McDonald’s customers in
General Motors (GM) CEO Mary Barra announced that the company will be halting production of its popular electric Chevrolet Bolt models by the end of this year. The Bolt EV and EUV models currently account for the majority of GM’s electric vehicle sales. However, the battery cells used in the cars are of an older
CNN has fired anchor Don Lemon after he made sexist comments on air and mistreated female colleagues during his 17 years at the network. Lemon, who hosted “CNN This Morning,” said he was “stunned” by the news and claimed that he was not given any indication that he would be terminated. However, CNN later disputed
Bed Bath & Beyond, the home goods retailer, has filed for bankruptcy after multiple failed attempts to keep operations running. The company has detailed its descent into insolvency in a series of court filings, but has stated its intention to continue marketing the business to avoid outright liquidation. Bed Bath & Beyond’s chief financial officer