Disney vs. Florida

▤ Summary

Bob Chapek, facing a backlash from employees, spoke out against Florida’s so-called “Don’t Say Gay” law, which prohibits classroom discussion of sexual orientation and gender identity until the third grade, and limits it for older students as well. Democratic state lawmakers say that the interest on those bonds equates to an additional tax burden of $580 per person for the 1.7 million residents of neighboring Orange and Osceola counties, which would also have to step in and provide many of the public services for the area that are currently funded by the company. President Emmanuel Macron of France and his far-right rival Marine Le Pen went head-to-head in a debate last night, ahead of the country’s presidential runoff election on Sunday. In last night’s nearly three-hour debate, the only one before Sunday’s vote, the candidates traded barbs about Russia, pension reform, taxes and inflation, though neither delivered a knockout blow, The Times’s Roger Cohen writes from Paris. • None Le Pen focused her attacks on Macron’s economic plan, calling his attempt to raise the retirement age to 65 from 62 an “intolerable injustice.” Under her program, full pensions would be payable between 60 and 62.

▦ Linked Companies

Bloomberg

$1B+