FCC launches review of Disney broadcast licenses

The Federal Communications Commission is seeking an early review of Disney’s broadcast station licenses following concerns around the company’s diversity, equity and inclusion efforts, according to a letter from FCC Chairman Brendan Carr Tuesday. The letter orders the company to file for early renewal for ABC-owned television stations and notes the action is related to an…

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JetBlue keeps Fort Lauderdale flights, regardless of Spirit’s fate

JetBlue Airways is moving forward with its flight plans at Fort Lauderdale–Hollywood International Airport, its president said, regardless of whether the airport’s No. 1 carrier, Spirit Airlines, gets a government bailout. JetBlue, United Airlines, Frontier Airlines, Breeze Airways and others added flights last year at Fort Lauderdale, Florida, which is Spirit’s home hub as well…

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Reality of Trump’s drug pricing to set in over next 18 months

Novartis‘ CEO warned Tuesday that the U.S. drug pricing policy under President Donald Trump poses a “very difficult situation” and the reality will soon catch up with both drugmakers and patients. “The longer-term implications are significant,” CEO Vas Narasimhan told CNBC’s Carolin Roth. Novartis is focused on getting European and Japanese governments to quickly change…

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Oil edges higher as traders weigh Iran’s Hormuz offer and Trump’s next move

Alexander Manzyuk | Reuters Oil prices edged higher Tuesday as investors parsed fresh signals from U.S.-Iran negotiations, with uncertainty over a potential de-escalation keeping markets on edge.  West Texas Intermediate futures rose 0.66% to $97.03 per barrel while international benchmark Brent oil futures added 0.44% to $108.67 a barrel.  The higher prices came as U.S….

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