• DIS
• MS

Morgan Stanley board names CEO Ted Pick its chair

Morgan Stanley names CEO Ted Pick as chair, succeeding James Gorman, who will join Disney's board. The decision consolidates roles, promoting swift decision-making amidst concerns of power concentration.

• AAPL
• BA
• CVS
• DELL
• DIS
• NKE
• PG
• SBUX

More US firms lean on retired, veteran leaders to steady ship in choppy economy

CVS Health appointed David Joyner as CEO amid economic uncertainty. Similar leadership changes observed across various companies, with varying success from returning executives.

• DIS
• NKE

Disney to appoint former Morgan Stanley CEO as new chairman

Walt Disney Co. has named James Gorman as chairman, succeeding Mark Parker, as the company continues its search for a new CEO by early 2026.

• DIS

Disney World to close Orlando theme park as Hurricane Milton looms

Disney World and other Orlando attractions are closing due to Hurricane Milton, anticipated to cause severe damage and power outages in Florida.

• DIS
• SPOT

Disney, Spotify most preferred media stocks into earnings, says Barclays

Barclays analysts highlight Disney and Spotify as top investment picks ahead of Q3 2024 earnings, citing low expectations for Disney and strong growth potential for Spotify.

• AMZN
• APD
• BA
• CAT
• CL
• DIS
• DJI
• DX
• GC
• GNRC
• IBM
• IXIC
• LCO
• SNAL
• SRRK
• TRV
• TRVN
• US500
• USD/JPY
• VIX
• VTNR

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.94%

• AMZN
• DIS
• GOOGL
• NFLX

Philippines levies 12% VAT tax on digital services by tech giants

The Philippines will impose a 12% VAT on digital services from foreign tech giants, aiming to foster fair competition with local businesses and generate revenue for creative industries.

• CHTR
• CMCSA
• DIS
• WBD

Charter to offer NBCUniversal's Peacock streaming service at no extra charge

Charter Communications will provide NBCUniversal's Peacock streaming service for free to select customers, enhancing their cable offerings and retaining subscriber interest alongside existing streaming services.

• DIS

Disney cut at Raymond James as several headwinds to keep stock range-bound

Raymond James downgraded Disney to Market Perform, citing challenges in its Parks division, increased competition, and caution ahead of fiscal fourth-quarter results.

• DIS

Disney lifted to Buy at Seaport on better macroeconomic environment

Seaport Research upgraded Walt Disney to a Buy rating with a price target of $108, citing improved economic conditions and profitability prospects for the DTC business.