From Nasdaq, Inc.:

A federal judge dismissed a First Amendment challenge from Disney against Florida Governor Ron DeSantis, who has renamed the district overseeing the region around Disney World. Disney’s lawsuit claimed retaliation, which Judge Winsor dismissed. The battle continues as Disney plans to challenge the ruling, while DeSantis’ spokesperson sees it as proof of the governor’s stance. Disney’s fight with DeSantis will persist in an ongoing legal battle over land use agreements, and the media company dropped out of the 2024 presidential race, focusing on the Florida governorship until January 2027. Disney shares were down 1% on Wednesday, despite the legal win.
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Read more: Disney Vs. DeSantis: House Of Mouse Loses First Amendment Battle With Florida Governor