Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Target Corporation reportedly expanded its removal of the Pride clothing collection from its stores across the country. The move sparked a backlash from the LGBTQ community that called on people to boycott the store chain.
According to Business Insider, the stock price of Target is going through its worst six-day stretch, but still, the company is expanding its pullout of various Pride merchandise from its stores. Its decision to remove the said goods has stirred up a huge controversy and even led to protests from anti-LGBTQ groups and threatened the retailer with violence.
Sources who are said to be employees of the retailer told the Insider that an order to remove the Pride merchandise was disseminated to all Target branches across the United States. This was said to be a similar directive that some of the branches in the Southern part of the country received less than a week ago.
In the first order, some Target stores were asked to take down the Pride-related displays and move them to low-traffic sections of the establishment. The sources asked for anonymity due to fears of facing repercussions since no one is authorized to talk to the press.
They also divulged that a collection of transgender-friendly swimsuits is no longer available in the stores after right-wing social media activists claimed that adult sizes of the products were being marketed for kids, which is not correct. Staff at Texas and Florida outlets further told the publication that products and clothing items that mention or celebrate Pride are no longer for sale as well.
Meanwhile, Target already sustained a reported $9 billion loss after the Pride controversies. The losses were revealed within the week after the LGBTQ community called for a boycott. The Washington Examiner reported that the company’s stock fell as it went deeper into the discord due to its decisions concerning the 2023 Pride collection.
Target’s shares dropped to another 1.22% yesterday, May 26, which only added to the total losses of 12.6% during the first week of the pullout. Based on the records of Dow Jones Market Data Group, the company incurred a total loss of $9.3 billion in market value.
Photo by: Shabaz Usmani/Unsplash
