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Earnings Season Returns!
July 14, 2023 | Earnings season is back. Let the talk of “strong balance sheets” and “challenging macroeconomic backdrops” commence.
Billionaire Summer Camp
July 13, 2023 | Speaking with CNBC at Sun Valley – the “summer camp for billionaires” – Iger left open the door to selling the company’s TV assets as the business struggles amid cord-cutting and the transition to streaming. In other words, Iger said Disney is open to selling an equity stake in ESPN and could spin off its legacy cable businesses such as ABC, FX, and National Geographic.
The Price Is Right
July 12, 2023 | Khan failed this week in her latest effort to block the big-tech deal between Microsoft and video game publisher Activision Blizzard. A federal judge denied her agency’s bid to block Microsoft’s deal, only months after the FTC failed to thwart a deal between Meta Platforms’ purchase of a virtual reality gaming company.
