Josh D'Amaro was named the new CEO of The Walt Disney Company on Tuesday, replacing Bob Iger, who had led the company for nearly two decades, according to NPR News. The company's board of directors made the announcement Tuesday morning. D'Amaro, a businessman with 28 years at Disney, was previously the chairman of Disney Experiences, which includes cruise ships and theme parks around the world.
In other news, Elon Musk's Boring Company faced scrutiny during a Nevada legislative hearing on Tuesday regarding its safety and environmental record as it works to construct an underground transit system in Las Vegas, Fortune reported. State legislators on Nevada's growth and infrastructure interim standing committee presented a list of violations that the Boring Company had accumulated since 2019. These included citations for chemical burns, digging too close to the Las Vegas monorail, hundreds of environmental violations, wastewater dumping into county manholes, and construction accidents. Legislators questioned state regulators about their oversight of the Boring Company and how the legislature could improve monitoring efforts.
Meanwhile, Amazon Web Services CEO Matt Garman challenged the concept of space-based data centers, which Elon Musk and others have promoted as the future of AI, Fortune noted. Speaking at a tech conference in San Francisco on Tuesday, Garman acknowledged the potential benefits of space data centers, such as harnessing solar energy and utilizing the cold atmosphere for cooling. However, he emphasized the significant obstacles, particularly the high cost of transporting equipment. "I don’t know if you’ve seen a rac...," Garman stated, alluding to the logistical challenges. Amazon currently operates over 900 data centers across the globe.
Also on Tuesday, the brothers of Renee Good, who was killed by federal immigration officers in Minneapolis, urged Congress to take action regarding violence resulting from immigration operations, NPR News reported. Luke and Brent Ganger appeared at a Bicameral Public Forum on Capitol Hill, warning that these events are "changing many lives, including ours, forever." Renee Good was a 37-year-old mother of two.
In the cryptocurrency world, Fortune reported on the emergence of a memecoin associated with former President Donald Trump. The coin reportedly crossed $1 billion around the end of a DJ set by Snoop Dogg during an inauguration weekend event in Washington, D.C. The event was attended by blockchain industry executives and investors.
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