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Disney CEO Bob Iger pushed back on reports of worrisome drops in Disney World attendance, claiming that foot traffic is down because of difficult comparisons with 2020, when Florida’s lax COVID restrictions sparked an unusual boom at the theme park.

“Florida opened up early during COVID, and it created huge demand. It didn’t have competition because there were a number of other places — states — that were not open yet,” Iger said during a televised CNBC interview on Thursday.

Since 2019, lines for attractions at Magic Kingdom, Disney’s most-visited park, have gotten increasingly shorter, it was reported this week. Average wait times fell from 47 minutes per ride in 2019 to 31 minutes in 2022, according to The Wall Street Journal.

So far this year, lines at Magic Kingdom are averaging 27 minutes, according to The Journal. Shrinking wait times are also reportedly a trend that are apparent at EPCOT, Hollywood Studios and Animal Kingdom.

In response, Iger told CNBC that in 2020, “Florida was the only game in town,” suggesting that wait times have dropped because “there’s much more competition today” and he’s “not at all concerned” that attendance would continue to drop and affect business over time.

CNBC interviewer David Faber asked the Mouse House boss if the company’s warring lawsuits with Gov. Ron DeSantis could be impacting attendance.

“No,” Iger said definitively. “We see no sign of that at all.”

Iger also said that The Journal’s report of declining attendance failed to take into account that Orlando, Fla.’s temperatures soar “to about 100 degrees and 99% humidity” in the summer.

He added that Independence Day’s figures are “inaccurate” measures of year-over-year declines as it only accounted for a single day.

“We do not have long-term concerns about that business,” Iger added of the Orlando theme park.

Orlando’s Walt Disney World closed its doors for COVID on March 16, 2020, and was permitted to reopen just four months later, in July of 2020.

For reference, California officials didn’t allow Disneyland’s West Coast park to reopen until April 30, 2021, more than one year after its initial closure.

July 4 attendance at Disney was particularly dismal, The Journal found.

Disney’s Hollywood Studios, which features Disneys Star Wars attractions, saw its third-slowest day of the past year on the Fourth of July.

Jaime Brown, a Walt Disney World annual pass holder who lives in Celebration, Fla., told The Wall Street Journal that she visited all four of the resorts theme parks during the week of July 4.

Brown said that she managed to easily patronize attractions that are normally in high-demand such as Spaceship Earth and the Topolinos Terrace restaurant.

I couldnt believe how light the crowds were, Brown told The Journal.

The Post has reached out to The Walt Disney Company for comment.

Travel agents have attributed Disney’s pricing model, in part, for its dwindling attendance.

Ticket prices surged in early December — and the cost of entering Magic Kingdom around the holidays nearly doubled.

Despite generating a whopping $28.7 billion in revenue and $7.9 billion in profit for fiscal year 2022 — topping the company’s pre-pandemic performance — Iger upped one-day tickets to any of its four Orlando theme parks from $109 to anywhere between $124 and $189 depending on date and demand.

Three of Disney’s annual passes also got a price increase.

The Incredi-Pass increased to $1,399 from $1,299 and the Sorcerer Pass went from $899 to $969. In addition, the PiratePass will cost $749, up from $699, while Pixie Pass prices remain at $399.

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Amazon tops 100 satellites after weather-delayed Kuiper launch

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Amazon tops 100 satellites after weather-delayed Kuiper launch

After four previous scrubs or delays in a row since August 7th SpaceX launches Amazon KF-02 Kuipeer Satellites after the 5th attempt August 11th 2025 at 8:35 AM SLC-40 Cape Canaveral, Brevard County, Florida USA.

Scott Schilke| SipaUSA |AP

Amazon shipped another batch of internet-beaming satellites into orbit on Monday atop a SpaceX Falcon 9 rocket, after four previous launch attempts were interrupted by weather issues.

Monday’s launch is the fourth Kuiper mission, and Amazon now has 102 satellites in orbit.

The Falcon 9 rocket lifted off from Cape Canaveral, Florida, at 8:35 a.m. ET. Roughly an hour after launch, SpaceX confirmed all 24 of Amazon’s Kuiper satellites were successfully deployed.

The mission was originally scheduled for last Thursday, but SpaceX was forced to scrub the launch, along with three more attempts over the past few days due to rainfall.

For the second time, Amazon turned to Elon Musk‘s SpaceX, its chief competitor in the low-earth orbit satellite market, for help building out its constellation.

Read more CNBC tech news

SpaceX’s Starlink is currently the dominant provider of low-earth orbit satellite internet, with a constellation of roughly 8,000 satellites and about 5 million customers worldwide.

Amazon is racing to get more of its Kuiper satellites into space to meet a deadline set by the Federal Communications Commission.

The FCC requires that Amazon have about 1,600 satellites in orbit by the end of July 2026, with the full 3,236-satellite constellation launched by July 2029.

Amazon has booked up to 83 launches, including three rides with SpaceX.

While the company is still in the early stages of building out its constellation, Amazon has already inked deals with governments as it hopes to begin commercial service later this year.

WATCH: Amazon launches first Kuiper internet satellites into space

Amazon launches first Kuiper internet satellites into space

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Ford’s new Universal EV Platform is a game changer

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Ford's new Universal EV Platform is a game changer

Ford claims its new midsize EV pickup will have a lower cost of ownership than a Tesla Model Y and more space than a Toyota RAV4. Starting at $30,000, it will also cost about the same as the RAV4. Here’s how the new Ford EV Universal Platform will make it happen.

Ford reveals new affordable Universal EV platform

Ford’s big bet is about to pay off. The company is preparing to launch a family of affordable electric vehicles based on the new Ford Universal EV Platform.

The first vehicle based on the platform will be the promised midsize four-door electric pickup. Ford’s new EV pickup will start at around $30,000 and will be assembled at its Louisville Assembly Plant.

Based on the new Ford Universal EV Platform, it will also have more passenger space than the latest Toyota RAV4.

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“We took a radical approach to a very hard challenge: Create affordable electric vehicles that delight customers in every way that matters – design, innovation, flexibility, space, driving pleasure, and cost of ownership,” Ford’s CEO Jim Farley said during the event in Kentucky.

According to Farley, Ford is done with the “good college tries” from other Detroit automakers to make affordable EVs, promising the company’s new platform will change the game by lowering costs and optimizing efficiency.

Ford-Universal-EV-platform
Ford introduces its new Universal EV Platform (Source: Ford)

Ford is the first automaker to build prismatic LFP batteries in the US, which will not only cut costs but also free up interior space.

Farley explained that the new platform reduces parts by 20% compared to the average vehicle. It also has 25% fewer fasteners, 40% fewer worstations dock-to-dock in the plant, and 15% faster assembly time.

Perhaps, most importantly, Ford’s leader explained that it will help reduce costs for owners. Farley claimed that the new Ford Universal EV platform will enable “lower cost of ownership over five years than a three-year-old used Tesla Model Y.”

Ford-Universal-EV-Platform
Ford Mustang Mach-E (left) and F-150 Lightning (right) (Source: Ford)

How so? For one, it’s significantly more efficient than the first-gen Ford EVs. The wiring harness alone in the new midsize truck will be 4,000 feet shorter and 10 kg lighter.

The LFP batteries lie flat under the floor, which improves handling, creates a quiet ride, and “provides a surprising amount of interior space,” Ford said. In fact, it will have more passenger room than the latest Toyota RAV4. And that’s not even including the added Frunk and truck bed.

Doug Field, Ford’s Chief EV, digital, and design officer, said the company took inspiration from the Model T to make it more than just a utility vehicle.

Ford promises that the new electric pickup will also be fun to drive, with a targeted 0 to 60 mph time as fast as the Mustang EcoBoost, and even more downforce.

The company will release additional information for the midsize electric pickup soon, including a reveal date, final prices, range, battery sizes, and charge times.

Ford said it’s aiming for a starting price of around $30,000, with customer deliveries set to begin in 2027. The company invested around $5 billion into its Louisville Assembly Complex, creating nearly 4,000 jobs to deliver its new EV pickup and LFP batteries.

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Sequoia’s Moritz backs Intel CEO Lip-Bu Tan after Trump’s ‘artless bullying’

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Sequoia's Moritz backs Intel CEO Lip-Bu Tan after Trump's 'artless bullying'

Michael Moritz, Sequoia Capital

Scott Mlyn | CNBC

Renowned venture capitalist Mike Moritz called on Intel to stand by CEO Lip-Bu Tan after President Donald Trump demanded his resignation last week.

“Trump’s assault has no modern precedent,” Moritz wrote, calling the attack a “vindictive political sideshow.”

Moritz, who spent decades at Sequoia Capital and has known Tan for nearly four decades, highlighted the CEO’s previous turnaround of Cadence Design Systems. Moritz said there is “no one better equipped to transform Intel’s fortunes.”

“Now the Intel board must decide whether to march to the beat of so many other corporate leaders and capitulate to the president’s artless bullying or to set an example for other companies and display some backbone,” he wrote in a piece published in the Financial Times Sunday. “Early signs of defiance are encouraging.”

Tan is set to visit the White House on Monday to assuage concerns about his background and discuss ways that Intel can work with the U.S. government.

Read more CNBC tech news

Intel shares were up nearly 5% Monday. The Wall Street Journal was first to report Tan’s White House visit.

In a post to Truth Social last week, Trump called for Tan’s resignation and said the 65-year-old was “highly CONFLICTED.” Sen. Tom Cotton, R-Ark. has also raised questions over Tan’s ties to Chinese companies and the potential national security risks.

Tan later addressed the “misinformation” in a letter to employees, saying that he has “always operated within the highest legal and ethical standards.”

Moritz joined Sequoia Capital in 1986 and stepped down in 2023. During his tenure, he made successful early bets on the likes of Google and PayPal.

WATCH: Market believes Intel -Trump turmoil will pass, says Intelligent Alpha CEO

Market believes Intel -Trump turmoil will pass, says Intelligent Alpha CEO

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