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Disney Scraps Florida Plans Amid DeSantis Confrontation

Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Disney Scraps Florida Plans Amid DeSantis Confrontation

Disney Scraps Florida Plans Amid DeSantis Confrontation

Disney Scraps Florida Plans , Amid DeSantis Confrontation.

CNBC reports that Disney has canceled plans to open a new employee campus in Florida amid ongoing tension with the governor of the Sunshine State.

CNBC reports that Disney has canceled plans to open a new employee campus in Florida amid ongoing tension with the governor of the Sunshine State.

Josh D’Amaro, chairman of Disney’s parks, experiences and products division, addressed the decision in a May 18 memo to employees.

Josh D’Amaro, chairman of Disney’s parks, experiences and products division, addressed the decision in a May 18 memo to employees.

D'Amaro cited "changing business conditions" and CEO Bob Iger's return to helming the company.

D'Amaro cited "changing business conditions" and CEO Bob Iger's return to helming the company.

Along with announcing that Disney would not go forward with the new campus, the company canceled plans to relocate 2,000 California-based employees to Florida.

Along with announcing that Disney would not go forward with the new campus, the company canceled plans to relocate 2,000 California-based employees to Florida.

This was not an easy decision to make, but I believe it is the right one, Josh D’Amaro, chairman of Disney’s parks, experiences and products division, via CNBC.

CNBC reports that the new campus was originally scheduled to open as soon as 2022-2023, but was later pushed back to 2026.

It is clear to me that the power of this brand comes from our incredible people, and we are committed to handling this change with care and compassion, Josh D’Amaro, chairman of Disney’s parks, experiences and products division, via CNBC.

The news comes after Governor Ron DeSantis targeted Disney's special district, which had allowed it to self-govern its operations for decades.

The news comes after Governor Ron DeSantis targeted Disney's special district, which had allowed it to self-govern its operations for decades.

The special district's five-member board was replaced by members handpicked by DeSantis.

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The special district's five-member board was replaced by members handpicked by DeSantis.

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In response, Disney filed a lawsuit accusing DeSantis and the new board members of carrying out a campaign of political retribution.

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In response, Disney filed a lawsuit accusing DeSantis and the new board members of carrying out a campaign of political retribution.


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Credit: Wibbitz Top Stories    Duration: 01:30Published
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Fusion Industry Leaders Hold DC Conference Looking for Investors [Video]

Fusion Industry Leaders Hold DC Conference Looking for Investors

Fusion Industry Leaders , Hold DC Conference , Looking for Investors. Fox News reports that leaders in the West's emerging nuclear fusion industry are convening this week to attract additional funding to build commercially-viable reactors. . The high-level conference takes place as the industry races to develop the technology ahead of China. . Earlier this month, the Biden administration signed a funding bill that contained $790 million for fusion science programs in 2024. . Earlier this month, the Biden administration signed a funding bill that contained $790 million for fusion science programs in 2024. . Unlike current nuclear fission plants, commercial fusion plants would not produce any long-lasting radioactive waste. According to Andrew Holland, CEO of Fusion Industry Association (FIA), the industry is concerned that fusion will follow the same pattern as the solar industry. Much of the technology used in the solar industry was invented in the United States, but manufacturing was primarily handled in China. It is very clear that China has ambitions to do the same sort of thing, both in the supply chain and the developers. It's time for the U.S. to respond to that challenge, Andrew Holland, CEO of Fusion Industry Association (FIA), via Fox News. According to an FIA report from last July, private companies around the world have invested over $6 billion in fusion technology through 2022. . Fox News reports that the third annual FIA conference is expected to attract an estimated 350 attendees from around the world. Last year, the industry gained momentum after scientists at California's Lawrence Livermore Laboratory reported a breakthrough, bringing the technology one step closer to commercial viability.

Credit: Wibbitz Top Stories    Duration: 01:31Published

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