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Portfolio Pulse from Shanthi Rexaline
Disney (NYSE:DIS) has scrapped plans to build a billion-dollar office complex in Florida due to changing business conditions and new leadership. The decision comes amid an ongoing feud between Disney and Florida Governor Ron DeSantis, which may have contributed to the decline in Disney's stock price.
May 19, 2023 | 12:46 pm
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Disney's decision to scrap its Florida office complex project amid a feud with Governor DeSantis may negatively impact its stock price.
Disney's decision to cancel the billion-dollar office complex in Florida is directly related to the ongoing feud with Governor DeSantis. This conflict has been cited as a possible reason for the decline in Disney's stock price. As the feud continues, it may further negatively impact the company's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100