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Disney Barred from South Carolina Holdings
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South Carolina State Treasurer Curtis Loftis has removed Disney from the list of approved holdings for state investment portfolios due to its involvement in a public fight with Florida Governor Ron DeSantis over a local law on sexual orientation in schools. The state treasurer's office's portfolio contains $105 million of Disney debt instruments that will mature as scheduled. Disney has been involved in a dispute with Florida's DeSantis since last year over a local law that curtailed discussion of sexual orientation in schools.
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How might Disney's removal from state investment portfolios impact its financial standing?
How might this dispute influence the way companies engage with state governments in the future?
What are the broader implications of this dispute between Disney and Florida Governor Ron DeSantis for corporate relations and public perception?
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