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Bob Iger is returning to the CEO position at Walt Disney a shocking development after the surprise exit of Bob Chapek from the top spot. The move is effective immediately, Disney says. Shares are up slightly in premarket trading. Iger will serve as Disney's CEO for two years, Disney says, "with a mandate from the Board to set the strategic direction for renewed growth and to work closely with the Board in developing a successor to lead the Company at the completion of his term." Iger departed Disney as executive chairman 11 months ago, though he delayed a long-planned exit from Disney amid the disruption of the COVID-19 pandemic.

Two of the largest rail unions diverged on labor deal votes Monday, with SMART-TD rejecting the deal but BLET voting for ratification.  But BLET said it will honor the picket line with other unions that voted against the deal and a strike could begin in early December, though more negotiations with rail management are set.

Grayscale, the asset manager running the world’s largest bitcoin fund, said in a statement that it won’t share its proof of reserves with customers. Following the implosion of FTX and its subsequent bankruptcy proceedings exposing that customer funds were missing, multiple crypto exchanges have jumped to release proof-of-reserve audits in order to assuage investor concerns over the safety of their funds. Others, like Binance, say they soon plan to do so.

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