Market Voices: Disney shareholders, Lisa Cook, euro stablecoin launch

Two major Disney shareholders are demanding access to corporate documents regarding the suspension of "Jimmy Kimmel Live!" amid claims that the decision was politically motivated and detrimental to shareholder interests, especially following a decline in Disney's stock price.

A coalition of former Federal Reserve leaders and economic advisors has urged the Supreme Court to prevent the removal of Federal Reserve Governor Lisa Cook, arguing that such action would undermine the Fed's independence and public trust during her ongoing legal battle.

A group of European banks, including ING and UniCredit, is establishing a new entity to create a euro-backed stablecoin, set to launch in late 2026, which aligns with similar efforts by U.S. institutions to introduce dollar-pegged cryptocurrency tokens.

Market Impact Advisory: Key Developments to Watch

This report highlights significant statements, announcements, and developments that could influence market trends, specific sectors, or particular stocks.

Two prominent shareholders of Disney (NYSE: DIS) are requesting corporate documentation concerning the temporary halt of “Jimmy Kimmel Live!” They claim the suspension was politically motivated and not in the best interests of the shareholders.

On Wednesday, CEO Bob Iger allegedly received a letter from legal representatives of the American Federation of Teachers and the AFL-CIO, seeking access to board materials and internal communications connected to the show's suspension.

According to CNBC, the shareholders stated in their correspondence, “Disney’s stock experienced considerable declines following the unexpected suspension, which seemed to be a reaction to political pressures.” Notably, “Jimmy Kimmel Live!” resumed airing on Tuesday.

In a separate development, a group of former Federal Reserve chairs, former Treasury secretaries, and White House economic advisors has appealed to the Supreme Court to prevent the Trump administration from removing Federal Reserve Governor Lisa Cook while her case remains unresolved.

In an amicus brief submitted to the court, the group emphasized, “The independence of the Federal Reserve, as outlined by Congress to achieve its set objectives, is a fundamental aspect of our national monetary framework.” They cautioned that “Permitting the removal of Governor Lisa D. Cook while her termination challenge is ongoing would jeopardize that independence and diminish the public’s trust in the Federal Reserve.”

Among the signatories of this brief are notable figures such as former Fed chairs Alan Greenspan, Ben Bernanke, and Janet Yellen, along with past Treasury secretaries Robert Rubin, Larry Summers, Hank Paulson, Jack Lew, and Timothy Geithner, as reported by CNBC.

Additionally, a consortium of European banks is establishing a new entity aimed at launching a euro-backed stablecoin.

The banks involved include ING, UniCredit, Banca Sella, KBC, DekaBank, Danske Bank, Caixabank, and Raiffeisen Bank International. The new company will be headquartered in Amsterdam, with plans to introduce the stablecoin in the latter half of 2026, as reported by Reuters.

This initiative coincides with various U.S. financial institutions that are preparing to introduce U.S. dollar-pegged cryptocurrency tokens, according to Reuters.

These developments are crucial for investors and stakeholders to monitor closely, as they may lead to significant market fluctuations and affect investment strategies in the coming months.