A Big Day for the House of Mouse
Summary
He has had to confront many problems, including a slumping share price, strikes that have crippled much of Hollywood, the wrenching transformations wrought by streaming and renewed pressure from the activist investor Nelson Peltz. Disney plans to invest $60 billion in the division over the next 10 years, but the theme park business is highly sensitive to economic conditions — and the forecast for the American and the broader global economy look uncertain heading into 2024. In related news: A U.N. report found that countries are producing too much fossil fuel to meet their climate goals; BlackRock plans to invest $550 million in a carbon-capture project run by Occidental Petroleum; and scientists say 2023 will probably be the hottest year on record. threw his name and his political war chest — he had raised more than $18 million, including from several Republican billionaires like Ken Langone, Ron Lauder, Thomas Peterffy, Stephen Ross and Steve Wynn — into wresting control of the legislature. Representative Patrick McHenry, Republican of North Carolina and the chairman of the House Financial Services Committee, called it “a step in the wrong direction.” He accused the regulator of “stretching its supervisory authority to the detriment of the consumers the agency was created to protect.” That echoed complaints from other lawmakers and some business groups, including the Chamber of Commerce.