America’s largest entertainment and media company, Walt Disney Co. (DIS), is weathering one of the biggest political storms in Florida, where it hosts its biggest theme park, Disney World. Disney World will pay a high price for opposing Florida Governor Ron DeSantis’s “Parental Rights on Education Laws” on gender and sexuality. On Thursday, DeSantis stripped off Disney's “special district status,” along with five other districts, and said, “It’s not right to have dissimilar treatment.” Following the news, the DIS stock hit a fresh all-time low of $118.15 and ended the day down 2.8% at $118.27 on April 22. After surviving the pandemic and related closures, Disney shares have lost 24.
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