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Market Snapshot: Ford Recall Expands, Disney+ Hikes Prices, Powell Cautions on Hiring, and Iran Nuclear Talks Intensify
Stock Market News· 2025-09-23 17:38
Group 1: Ford Motor Company - Ford is expanding a recall for approximately 4,632 2020 model year Expedition and Lincoln Navigator SUVs due to a risk of electrical shorts in the battery junction box's printed circuit board, which could lead to underhood fires [2][7] - The company has reported two underhood fires related to this issue but has not issued instructions to stop driving the vehicles and is unaware of any accidents in the 2021 model year vehicles [2][7] Group 2: Disney - Disney is set to increase prices for its Disney+ streaming service in October, with the ad-supported plan rising by $2 to $11.99 per month and the premium ad-free option increasing by $3 to $18.99 per month [3][7] - This price adjustment reflects ongoing "streamflation" in the digital entertainment sector, with some ad-free plans nearly tripling in price since the service's launch in 2020 [3][7] Group 3: Federal Reserve - Federal Reserve Chair Jerome Powell provided a cautious outlook on the U.S. economy, stating that the Fed's interest-rate stance remains "still modestly restrictive" despite a recent rate cut [4][7] - Powell noted that the overall U.S. hiring rate is at its lowest level in history, with companies cutting back on hiring to observe the effects of current policies [4][7] Group 4: Eli Lilly and Company - Eli Lilly announced a significant investment of $6.5 billion to build a new manufacturing facility in Houston, Texas, focusing on producing active pharmaceutical ingredients for small molecule synthetic medicines [6][7] - The project is expected to create 615 new high-wage jobs and 4,000 construction jobs [6][7] Group 5: International Developments - Intense talks are underway regarding Iran's nuclear program, with Iran's Supreme Leader stating that the nation will not accept zero uranium enrichment [5][7] - The European Union plans to stop buying Russian oil by the end of the year, with a new sanctions package including a ban on Russian LNG imports by January 2027 and a lowered price cap on Russian oil to $47.6 per barrel [5][7]