Business and Tech News - 3.28.24

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Skool Projekt Staff
March 28, 2024

Disney and Florida Reach Agreement

Disney and the state of Florida have agreed to settle a long-standing legal dispute over a tourism district that Disney had controlled for over fifty years, which escalated following Governor DeSantis' takeover in response to Disney's opposition to the "Don’t Say Gay" law. The settlement terms involve Disney pausing its federal lawsuit against Governor DeSantis, with the possibility of dropping the complaint entirely depending on the success of future negotiations regarding a new development agreement. 

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Hulu on Disney+

Hulu is now a part of Disney Plus alongside other major brands like Marvel and Pixar, marking Disney's significant push to unify its streaming offerings. This strategic shift towards a unified streaming ecosystem emphasizes a streamlined approach to content delivery and metadata management across Disney's entire digital landscape. By integrating Hulu into Disney Plus, Disney enhances user engagement with improved search capabilities and tailored content suggestions, effectively linking its diverse entertainment platforms, such as ESPN and theme parks, into a cohesive user experience.

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Japan's Yen Hits 34-Year Low

Traders are on edge as nearly $3 billion in dollar-yen options approach expiration, with the yen's slide to a 34-year low triggering hints of intervention from Japan's finance minister. The impending expiration, the largest this year, alongside unexpected yen volatility despite the Bank of Japan's rate hike, has complicated traders' hedging strategies. As the yen hovers near critical levels, the risk of government intervention looms, potentially heightening market volatility.

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China's Xi Meets US Executives in Beijing

In Beijing, Xi Jinping engaged with top American executives to boost foreign investment, addressing concerns amid China's stringent regulatory environment and an 8% drop in foreign direct investment in 2023. Xi sought to reassure investors of China's stability and growth potential despite global uncertainties and regulatory challenges. This assembly, attended by notable U.S. business leaders, signifies a cautious re-engagement between the U.S. and China, navigating past trade tensions and territorial disputes.

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SEC Cleared To Sue Coinbase

The U.S. Securities and Exchange Commission (SEC) has taken Coinbase, a major cryptocurrency exchange, to court over allegations that it sold securities without the proper registration. The case will go to a jury trial after a judge decided that there was enough evidence to suggest Coinbase's activities might have involved the sale of securities. The lawsuit isn't entirely against Coinbase, as claims related to its Wallet app were dismissed; meanwhile, Coinbase views this legal challenge as a chance to seek clarity on the regulations governing cryptocurrencies.

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Disclaimer: This content is not intended as financial guidance. The purpose of this newsletter is purely educational, and it should not be interpreted as an encouragement to engage in buying, selling, or making any financial decisions regarding assets. Exercise caution and conduct your own research before making any investment choices.