NPR's business news starts with Disney delving into nutrition.
Today, Disney comes out with nutritional standards for food advertised across its platforms. The company has taken flack for contributing to the obesity epidemic by airing ads for junk food that targets kids.
This move marks a dramatic change, but the company's chairman told The New York Times, quote, "this is not altruistic; this is about smart business." Transcript provided by NPR, Copyright National Public Radio.
Facebook's stock has fallen more than 25 percent since the company went public less than a month ago. What was hyped as the biggest technology IPO in history has quickly become a black eye for both Wall Street banks and Facebook itself.
But that does not necessarily mean that the company will move quickly to appease investors, as NPR's Steve Henn explains.
STEVE HENN, BYLINE: Nelly Sia-Palm(ph) bought $1,000 dollars in Facebook stock on its very first day of trading.
And our last word in business this morning is: Jubilation.
Hundreds of thousands of Britons gathered outside Buckingham Palace last night for the Diamond Jubilee concert, celebrating the queen's 60-year reign. The evening offered a break from Britain's bad economic news and another opportunity to rebrand positively the Royal Family.
Hollywood studios are dealing with big budget flops and the release of G.I. Joe: Retaliation has been postponed until March. Kim Masters, host of The Business, and editor at large for The Hollywood Reporter, talks to Renee Montagne about the summer woes at movie studios.