Disney made it official this morning, announcing it would buy assets of 21st Century Fox for $52.4 billion. As part of the deal CEO Bob Iger will stay on at the top spot until 2021, and Fox will spin off its News & Sports networks. Plus the FCC is getting ready to vote on whether to repeal net neutrality rules. But the agency's chief technology officer, who was appointed to the position by the current chair, says a rollback is not in the best interests of the public. The regulations, put into place by the Obama administration in 2015, prevent internet providers from slowing down content speeds or favoring certain companies.

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Nestlé dismisses CEO after he has relationship with a subordinate
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
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