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Disney to lay off hundreds in film, TV, and finance

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NTSB to hold June 24 hearing on Boeing 737 MAX 9 incident

The NTSB has announced it will hold a hearing on June 24 regarding the Alaska Airlines incident involving a Boeing 737 MAX 9. The hearing is part of a broader probe into mechanical issues and Boeing’s compliance with previous safety agreements. This follows mounting scrutiny from the DOJ, which recently determined Boeing violated a 2021 deferred prosecution agreement. The outcome could have major implications for Boeing’s regulatory standing and operational strategy going forward. Read More >>

Trump and China’s Xi may speak this week, White House says

Amid ongoing trade negotiations, the White House suggested a potential call between Donald Trump and Chinese President Xi Jinping could happen this week. Treasury Secretary Scott Bessent emphasized the importance of ongoing dialogue, particularly after the recent Geneva tariff discussions. If confirmed, this conversation may lay the groundwork for renewed trade terms and could impact tariffs affecting multiple sectors. Read More >>

Disney to lay off hundreds in film, TV, and finance

Disney will reduce headcount across multiple business units, including film marketing and TV development, as part of ongoing restructuring. The layoffs reflect a larger industry trend as traditional media companies adapt to the streaming era. In 2023, Disney already cut 7,000 positions. The company is under pressure to improve margins as subscribers increasingly shift from cable to digital platforms. Read More >>

Google to spend $500M in compliance overhaul

To resolve shareholder litigation, Google will invest $500 million over 10 years to improve its compliance program. This decision follows accusations of antitrust violations tied to company practices. As regulatory scrutiny intensifies globally, Google’s move may set a new precedent for tech firms aiming to mitigate legal risks while pursuing innovation. Read More >>

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