Walt-Disney Co. – pressnews

[ad_1] Hedge fund manager Bill Ackman defended Elon Musk after major advertisers pulled ads from social media site X over antisemitic commentary. Musk received backlash after he agreed with a post that said Jewish people hold a “dialectical hatred” of white people. “You have said the actual truth,” the billionaire owner of X posted on Wednesday. That prompted criticism from the White House and shareholders of Tesla Inc., Musk's only publicly traded company, with some investors saying he should be suspended from his position as chief of the electric carmaker. Advertisers from Apple Inc. to Walt Disney Co. have also suspended or halted spending on X. Ackman, who is chief executive officer of Pershing Square Capital Management, is worth roughly $2.2 billion, according to Bloomberg's Bill...

[ad_1] Apple Inc. and Walt-Disney Co. are among US businesses that will face the steepest challenges in a “selective decoupling” from China, a key lawmaker said after a series of meetings with executives and experts in Hollywood and Silicon Valley this week.Representative Mike Gallagher, the chairman of a House committee focused on US-China competition, met with Apple Chief Executive Officer Tim Cook and Disney CEO Bob Iger as part of a three-day trip through California to learn more about how companies are navigating the tensions between the world's two largest economies. “Apple's at the heart of what is the most complex aspect of this competition, which is companies that have a massive presence in China are going have to deal with the fact that some form of selective economic decoupli...

Tag: Walt-Disney Co.

Bill Ackman defends Elon Musk after backlash over antisemitism

Apple and Disney at Heart of US-China Selective Decoupling, Gallagher Says