Cowen analyst Doug Kreutz downgraded Walt Disney shares Thursday, reduced earnings estimate and cut its price target on the stock anticipating a more prolonged impact on parks and resorts as the spread of COVID-19 accelerates in the U.S. Walt Disney World reopened at limited capacity last weekend amid the surge. Kreutz said he think there’s
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WASHINGTON — Britain’s military on July 19 agreed to fully fund a gap-filler Skynet satellite it sole-sourced from Airbus Defence and Space three years ago, signing a 500-million-pound ($628.5 million) contract that covers the satellite’s manufacture and launch, as well as ground segment upgrades. Airbus Defence and Space will build the Skynet-6A satellite in the
Rashad Robinson speaks onstage during the BET “Finding Justice” Atlanta premiere at The Foundry At Puritan Mill on March 04, 2019 in Atlanta, Georgia. Paras Griffin | Getty Images As protests against racial inequality continue, the nonprofit Color of Change is turning to major companies and police forces around the country to push for significant
British pharmaceutical company Synairgen has claimed that its new respiratory coronavirus treatment has reduced the number of hospitalized Covid-19 patients needing intensive care in a clinical trial. The company said its nebulizer treatment produced a 79% lower risk of patients developing severe disease than those given a placebo in initial trials, and patients that received
The DJ Marea Stamper has dropped the stage name the Black Madonna. After online pressure, including a petition that attracted more than 1,000 signatures, Stamper has adopted the stage name the Blessed Madonna, she announced in a tweet Monday morning (July 20). “My artist name has been a point of controversy, confusion, pain and frustration
Take a look at some of the biggest movers in the premarket: Halliburton (HAL) – The oilfield services company earned 5 cents per share for its latest quarter, compared to Wall Street forecasts of an 11 cents per share loss. Revenue came in below estimates, however, amid a significant drop in global activity. Noble Energy
After months in lockdown in New York, simple pleasures like sun, water, wildflowers feel all the more precious. That’s just what the master jewelers at Cartier had in mind for their latest high jewelry collection, [Sur] Naturel. Cartier’s Panthere Tropicale Timepiece Cartier With the goal of “freeing nature from reality’s constraints,” artisans looked to all
When Nick Cannon was fired by ViacomCBS as the host of MTV’s Wild n’ Out following anti-semitic comments on his podcast, he still had a talk show in the works. In the aftermath of the backlash, however, it has emerged that it will no longer debut this year. “The ‘Nick Cannon’ talk show will not
With this global pandemic cratering most plans for theatrical releases this summer it seemed, for a while at least, that the movie business was out of business. Release schedules were jettisoned, movies pushed back, and for a scary bit of time, especially in the first weeks of the global lockdown, there seemed to be a
The Mortal Perils of Being an Instagram Influencer Electric Lit relies on contributions from our readers to help make literature more exciting, relevant, and inclusive. Please support our work by becoming a member today, or making a one-time donation here. . The Blue Room The Blue Room is lit with a cerulean light. With the
The economic aftermath of the coronavirus pandemic is likely to worsen when authorities start rolling back relief measures — and banks could experience “far more damage” to their balance sheets, said Piyush Gupta, group chief executive of Singaporean bank DBS. Speaking to CNBC’s “Managing Asia” anchor Christine Tan, Gupta said government stimulus in many countries is
The different lamellae that make up the bone samples studied and their nanostructural orientation. Courtesy: C Charnay A new X-ray technique has revealed hitherto unknown structures in human bone. The technique, which uses a synchrotron beam to map the 3D orientation of nanocrystals and nanostructures within a material, advances our understanding of bone structure and
Yeon Sang-ho’s Peninsula, the follow-up to his 2016 zombie smash, Train To Busan, made a meal of the international box office this weekend, in Korea and four other markets. The thriller sequel (aka Train To Busan Presents: Peninsula) already logged the biggest opening day score of the year in its home market on Wednesday and
WASHINGTON — A Japanese rocket launched the United Arab Emirates’ first mission to Mars July 19, an orbiter that will study the planet’s weather while demonstrating the country’s growing space capabilities. The H-2A rocket lifted off from the Tanegashima Space Center in Japan at 5:58 p.m. Eastern. The launch was originally scheduled for July 14
President Donald Trump declined Sunday to say he would accept the results of the 2020 election, adding that he will “have to see” and claiming without evidence that mail-in voting will “rig the election.” Trump’s comments came during a wide-ranging interview with “Fox News Sunday” host Chris Wallace in which he criticized so-called cancel culture
Kanye West is trading his Sunday Service for a campaign junket. The standard-bearer of the Birthday Party will travel to South Carolina Sunday for his first campaign event. Ye will speak at the Exquis Event Center in North Charleston, but there are lots of restrictions. First, the event is only for registered guests. Also, anyone
Protesters seen near the Multnomah County Justice Center on July 17, 2020 in Portland, Oregon. Federal law enforcement agencies attempt to intervene as protests continue in Portland. Mason Trinca | Getty Images News | Getty Images House Democrats on Sunday called for an immediate investigation into reports that federal law enforcement agents have unlawfully arrested
Rodin EckenrothGetty Images The Daily Mail reported on Saturday that Jessica Biel and Justin Timberlake welcomed a second son into their family. The Mail said that the couple had their son earlier last week and have been spending time at home with the new baby and his older brother, Silas (5). The Mail added that