The Walt Disney Company said that it would help repeal Florida’s “Don’t Say Gay” bill on Monday
On the same day the Florida Governer signed the bull into law, Disney issues a statement vowing to help repeal the controversial legislation.
The world’s largest entertainment company says the “Don’t Say Gay’ bill, should never have passed and should never have been signed into law”
The controversial bill largely forbids instruction on sexuality and gender identity in most elementary school classrooms.
Disney says “Our goal as a company is for this law to be repealed by the legislature or struck down in the courts”
For the past few weeks, Disney has been slammed for its initial reluctance to condemn the anti-LGBTQ legislation.
Disney is one of Florida’s largest employers and cast members were outraged by CEO Bob Chapek’s initial ‘neutral’ stance on the bill.
The statement posted on Monday says Disney is “dedicated to standing up for the rights and safety of LGBTQ+ members of the Disney family, as well as the LGBTQ+ community in Florida and across the country”
The Federal Reserve has cut interest rates by a quarter-point, bringing the benchmark rate to a range of 4.5% to 4.75%, as economic growth continues but job gains slow.
The Fed noted that labour market conditions have “generally eased,” even with low unemployment, signalling a more cautious approach amid a stable economic expansion.
The statement marks a shift in Fed language, now saying inflation has “made progress” toward the 2% goal instead of the prior “further progress.”
With inflation holding steady around 2.6%, policymakers aim to keep economic risks balanced, despite pressures from slower job growth.
This rate cut reflects a strategic move to sustain economic momentum while cautiously watching inflation’s gradual trend toward the Fed’s target.
The decision was unanimous, aligning Fed priorities with a balanced approach to support both employment and price stability.