Disney omits 'Fox', renames acquisition to 20th Century Studios
Disney has announced that it is going to omit the name "Fox" from 20th Century Fox Studios and Fox Searchlight Pictures, which will henceforth be 20th Century Studios and Searchlight Pictures, properties that it acquired from the Fox Corporation last year. Though unconfirmed, the reason is thought to be so that Disney's family-friendly brand is not associated with the rest of the Fox Corporation's politically charged brands.
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Disney Parks plans to reopen with safety measures
Dr. Pam Hymel, the chief medical officer for Disney Parks, has outlined several “enhanced safety measures” its U.S. resorts are considering as the company outlines reopening plans, including plans for “phased reopening” and new physical-distancing guidelines. “After so much time at home, I know many of you are eager to enjoy the magic of a Disney parks visit, and we can’t wait to welcome you back,” Hymel wrote
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Dow Jones jumps
Dow Jones jumps
The Dow Jones Industrial Average rose more than 500 points Thursday midday after the Federal Reserve unveiled plans for $2.3 trillion in coronavirus lending programs. Dow Jones stock leaders Apple and Microsoft turned mixed, as the new stock market rally continues.
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3M CEO tells Trump mask demand too great
Mike Roman, the CEO of US-based mask and worker safety equipment manufacturing company 3M, has stated amid US President Donald Trump's invocation of the Defense Production Act that his company cannot meet the demand for masks in the country. Roman revealed that the industry only has the capacity to make 50 million N95 masks each month, while healthcare workers need 300 million to fight the coronavirus pandemic.
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Marketwatch
Dow Jones plunges again
Dow Jones plunges again
Stocks in US markets today continued to plunge due to the coronavirus crisis coupled with the Saudi-Russian oil price war, with the Dow Jones industrial average dipped below the 22,000 level after suffering its worst first quarter in the institution's entire 135-year history. Major financial institutions like Goldman Sachs and JP Morgan predict an unprecedented first-quarter contraction in the US economy of between 25 to 34 percent.
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BusinessInsider