Disney Vs. DeSantis Showdown: Mouse House To Press Ahead With Lawsuit Against Florida Governor's 'Weaponized State'
Portfolio Pulse from Shanthi Rexaline
Walt Disney Co. (NYSE:DIS) is continuing its legal battle with Florida Governor Ron DeSantis, arguing against his motion to dismiss the lawsuit brought by Disney over the state's retaliatory tactics. The feud began over Disney's opposition to Florida's 'Don't Say Gay' law. The governor retaliated by removing some of Disney's autonomy in the district its Florida theme park is located. The Florida governor has also criticized Anheuser-Busch InBev SA (NYSE:BUD) for not protecting its shareholders’ interest.
July 27, 2023 | 10:28 am
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NEGATIVE IMPACT
The Florida Governor's criticism of Anheuser-Busch InBev SA could potentially impact the company's reputation and stock price.
The Florida Governor's criticism of Anheuser-Busch InBev SA for not protecting its shareholders’ interest could potentially harm the company's reputation and negatively impact its stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Disney's ongoing legal battle with Florida Governor could potentially impact its operations in the state, which may affect its stock price.
The ongoing legal battle and the potential for further retaliatory actions from the Florida Governor could negatively impact Disney's operations in the state, which could in turn affect its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100