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CFRA director, equity research Kenneth Leon and New Street Research managing partner Jonathan Chaplin debate whether Disney or rival Comcast is the better stock for investors to hold on ‘The Claman Countdown.’

Disney began its second round of layoffs last week and several leaders in streaming were reportedly cut loose as CEO Bob Iger bets big on revamping Disney+ service while saving billions in operating costs.

Disney's second round of layoffs began on Monday and the company was expected to cut several thousand jobs through Thursday, sources familiar with the matter told Reuters.

In this Aug. 8, 2017, file photo, The Walt Disney Co. logo appears on a screen above the floor of the New York Stock Exchange. Disney is working on sequels for its “Toy Story,” “Frozen” and “Zootopia” franchises as the company concentrates more on br (AP Photo/Richard Drew, File / AP Images)

Iger, who returned to the entertainment machine in November, said during an earnings call in February that the company planned to trim its payroll by 7,000 employees under a new restructuring plan that included three rounds of layoffs.

DISNEY LAYING OFF THOUSANDS IN SECOND ROUND OF JOB CUTS

Iger said the company was targeting $5.5 billion of cost savings across the company with the restructuring, and under the strategic reorganization, there will be three core business segments including Disney Entertainment, ESPN and Disney Parks, Experiences and Products.

Disney+ is part of the Disney Entertainment division and is also a lucrative aspect of the company.

Attendees are reflected in Disney+ logo during the Walt Disney D23 Expo in Anaheim, California on September 9, 2022. (PATRICK T. FALLON/AFP via Getty Images / Getty Images)

Bloomberg reported on April 27 that Jerrell Jimerson, Sean Curtis and Jaya Kolhatkar, who held leadership roles in product, technology and data divisions of Disney+ and Hulu were let go during the second round of layoffs.

BOB IGER SAYS HE WAS 'VERY, VERY SURPRISED' BY HIS RETURN TO DISNEY

Also let go were members of marketing a business development teams for the streaming division.

Iger has called streaming a "No. 1 priority," and he is focused on improving the product that he introduced in 2019.

FILE – The Disney+ streaming log-in screen is displayed on a television, Monday, Aug. 9, 2021, in East Derry, N.H. Walt Disney reports quarterly financial results reports quarterly financial results Tuesday, Nov. 8, 2022. (AP Photo/Charles Krupa / AP Newsroom)

When the service launched in November 2019, it gained 10 million subscribers in a single day.

DESANTIS VS. DISNEY: FLORIDA GOVERNOR DECLARES ‘THERE’S A NEW SHERIFF IN TOWN'

The CEO walked away from his role in the company in 2020, and since then the service has grown its subscriber numbers substantially.

When Iger stepped away, Bob Chapek stepped in and spent billions on the production of original series to attract even more subscribers to the streaming platform.

One of the decisions Chapek made, Bloomberg reported, was giving his deputy Kareem Daniel and technology executive Michael Paull authority on how projects are released.

Iger returned in November 2022, and reversed many of Chapek’s decisions, leading to the exit of Paull and Jeremy Doig, the streaming chief technology officer.

The publication added that the majority of the team that created Disney+ is now gone, just four years after it launched.

Disney did not immediately respond to inquiries from Fox News Digital about the report and layoffs.

Last week’s round of layoffs was the second out of three, with the first occurring in March.

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Iger said in a memo to employees in March that the next two rounds would take place in April and "before the beginning of the summer."

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Britain’s winter blackout risk the lowest in six years – but ‘tight’ days expected

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Britain's winter blackout risk the lowest in six years - but 'tight' days expected

Britain is at the lowest risk of a winter power blackout than at any point in the last six years, the national electricity grid operator has said.

Not since the pre-pandemic winter of 2019-2020 has the risk been so low, the National Energy System Operator (NESO) said.

It’s thanks to increased battery capacity to store and deploy excess power from windfarms, and a new subsea electricity cable to Ireland that came on stream in April.

The margins between expected demand and supply are now roughly three gas power stations greater than last year, the NESO said.

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Renewables overtake coal for first time

It also comes as Britain and the world reached new records for green power.

For the first time, renewable energy produced more of the world’s electricity than coal in the first half of 2025, while in Britain, a record 54.5% of power came from renewables like solar and wind energy in the three months to June.

More renewable power can mean lower bills, as there’s less reliance on volatile oil and gas markets, which have remained elevated after the invasion of Ukraine and the Western attempt to wean off Russian fossil fuels.

“Renewables are lowering wholesale electricity prices by up to a quarter”, said Jess Ralston, an energy analyst at the Energy and Climate Intelligence Unit (ECIU) thinktank.

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In a recent winter, British coal plants were fired up to meet capacity constraints when cold weather increased demand, but still weather conditions meant lower supply, as the wind didn’t blow.

Those plants have since been decommissioned.

But it may not be all plain sailing…

There will, however, be some “tight” days, the NESO said.

On such occasions, the NESO will tell electricity suppliers to up their output.

The times Britain is most likely to experience supply constraints are in early December or mid-January, the grid operator said.

The NESO had been owned by National Grid, a public company listed on the New York Stock Exchange, but was acquired by the government for £630m in 2023.

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Man Utd and chemicals boss warns of ‘moment of reckoning’ for his industry

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Man Utd and chemicals boss warns of 'moment of reckoning' for his industry

Sir Jim Ratcliffe, the co-owner of Manchester United and head of Ineos, one of Europe’s largest chemical producers, has staged an “11th-hour intervention” in an effort to “save” the chemical industry.

Sir Jim has called on European legislators to reduce price pressures on chemical businesses, or there “won’t be a chemical industry left to save”.

“There’s, in my view, not a great deal of time left before we see a catastrophic decline in the chemical industry in Europe”, he said.

The “biggest problem” facing businesses is gas and electricity costs, with the EU needing to be “more reactive” on tariffs to protect competition, Sir Jim added.

Prices should be eased on chemical companies by reducing taxes, regulatory burdens, and bringing back free polluting permits, the Ineos chairman and chief executive said.

It comes as his company, Europe’s biggest producer of some chemicals and one of the world’s largest chemical firms, announced the loss of 60 jobs at its acetyls factory in Hull earlier this week.

Cheap imports from China were said to be behind the closure, as international competition facing lower costs has hit the sector.

What could happen?

Now is a “moment of reckoning” for Europe’s chemicals industry, which is “at a tipping point and can only be saved through urgent action”, Sir Jim said.

European chemical sector output declined significantly due to reduced price competitiveness from high energy and regulatory costs, according to research funded by Ineos and carried out by economic advisory firm Oxford Economics.

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The report said the continent’s policymakers face a “critical” decision between acting now to safeguard “this vital strategic industry or risk its irreversible decline”.

As many as 1.2 million people are directly employed by chemical businesses, with millions more supported in the supply chain and through staff spending wages, the Oxford Economics report read.

Average investment by European chemical firms was half that of US counterparts (1.5%, compared to 3%), a trend which is projected to continue, the report added.

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Sports

Jays knock out Yankees, reach 1st ALCS since ’16

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Jays knock out Yankees, reach 1st ALCS since '16

NEW YORK — Vladimir Guerrero Jr. and George Springer each drove in a run, and eight Toronto pitchers shut down the New York Yankees in a 5-2 victory Wednesday night that sent the Blue Jays to the American League Championship Series for the first time in nine years.

Nathan Lukes provided a two-run single and Addison Barger had three of Toronto’s 12 hits as the pesky Blue Jays, fouling off tough pitches and consistently putting the ball in play, bounced right back after blowing a five-run lead in Tuesday night’s loss at Yankee Stadium.

AL East champion Toronto took the best-of-five Division Series 3-1 and will host Game 1 in the best-of-seven ALCS on Sunday against the Detroit Tigers or Seattle Mariners.

Those teams are set to decide their playoff series Friday in Game 5 at Seattle.

Ryan McMahon homered for the wild-card Yankees, unable to stave off elimination for a fourth time this postseason as they failed to repeat as AL champions.

Despite a terrific playoff performance from Aaron Judge following his previous October troubles, the 33-year-old star slugger remains without a World Series ring. New York is still chasing its 28th title and first since 2009.

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