Republican Donor Ken Griffin Not Backing Ron DeSantis, Calls Battle With Disney 'Pointless'
Portfolio Pulse from Chris Katje
Ken Griffin, founder of Citadel LLC and Citadel Securities, has expressed his dissatisfaction with the current Republican candidates for the 2024 presidential election. Griffin, who has previously donated heavily to the Republican party, criticized Florida Governor Ron DeSantis' ongoing battle with Walt Disney Co (NYSE:DIS) as 'pointless'. He also mentioned his disappointment with the recent changes in DeSantis' campaign leadership. Griffin's decision to withhold financial support could impact the odds of closing the gap with front-runner Donald Trump. The news also mentions Griffin's portrayal in the 'Dumb Money' movie from Sony Group Corp (NYSE:SONY) that centers on the rise of value in GameStop Corp (NYSE:GME) shares.
September 18, 2023 | 6:56 pm
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Disney's ongoing legal battle with Florida Governor Ron DeSantis has been criticized by Ken Griffin, a major Republican donor. This could potentially influence public perception of the company.
While Griffin's comments may not directly impact Disney's stock price, they could potentially influence public perception of the company and its ongoing legal issues. However, the extent of this influence is uncertain.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
GameStop was mentioned in the context of Sony's 'Dumb Money' movie, which centers on the rise of value in the company's shares. No direct impact on the company is expected from this news.
The mention of GameStop in the context of the 'Dumb Money' movie does not provide any new information or developments that would directly impact the company's stock price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Sony's 'Dumb Money' movie, which portrays Ken Griffin as a central character, was mentioned in the news. Griffin reportedly had issues with several scenes in the movie.
Griffin's dissatisfaction with his portrayal in the movie could potentially influence public perception of Sony and the movie. However, the extent of this influence is uncertain.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50