Morning Business Report: Disney sues Florida Governor Ron Desantis

The Walt Disney company has filed a lawsuit against Florida Governor Ron Desantis and other officials. Disney accuses Desantis of orchestrating a “campaign of government retaliation” against the company and violating its protected speech. Disney’s former CEO said he’d work to overturn a law banning discussion of sexual orientation and gender identity in elementary schools. Then, Republican lawmakers passed a bill that stripped Disney of its self-governing authority.

First Republic Bank may not survive, even after two multibillion-dollar bailouts. The bank’s stock has fallen by 80 percent just this week. Some expect the government to take over the bank within days.

The collapse of First Republic cast a cloud over the entire stock market.
The DOW lost 229 points but the NASDAQ was higher on strong tech earnings.

If you’ve still got a Bed Bath and Beyond coupon, there’s still time to use it. The Container Store is offering a 20 percent discount off any single item through May 31 for “customers who bring a competitor’s blue coupon to any store location.” Bed Bath and Beyond filed for bankruptcy Sunday and said it would close all its stores and stopped accepting coupons Tuesday.

A poll found that three in four Americans are experiencing foodmo, the fear of missing out on new food trends. About 77 percent of Americans who use social media feel food-related fomo. Nearly as many said they instantly crave food when they see it online. The poll by OnePoll on behalf of Envy Apples.