DeSantis' Fight With Disney Echoes 'Autocratic' China, Russia Tactics, Say Former Government Officials: 'Corrosive To ... Demcocracy'
Portfolio Pulse from Shanthi Rexaline
Disney (NYSE:DIS) and Florida Governor Ron DeSantis continue their feud over the 'Don't say gay' law. DeSantis has allegedly retaliated against Disney's opposition to the law by taking over the Disney World governing district and appointing his nominees to the governing board. This has led to Disney scaling back its investment in Florida and filing a federal lawsuit against DeSantis. The feud has negatively impacted both parties, with Disney's approval rating falling and DeSantis trailing in the Republican presidential primary. Disney's stock was up 0.52% in premarket trading on Monday.
August 07, 2023 | 9:10 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Disney's ongoing feud with Florida Governor DeSantis over the 'Don't say gay' law has led to a decrease in the company's approval rating and a scaling back of its investment in Florida. Despite this, Disney's stock was up 0.52% in premarket trading on Monday.
The ongoing feud between Disney and Governor DeSantis has led to a decrease in Disney's approval rating and a scaling back of its investment in Florida. This could potentially impact the company's future revenues and profitability. However, the impact on the stock price is uncertain as it was up in premarket trading on Monday.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100