Washington NFL sponsor FedEx requests that team change its name

FedEx on Thursday asked Washington, D.C.'s NFL team — whose stadium the company sponsors — to change its name amid growing pressure from investment firms to halt business with the team.

Why it matters: Team owner Daniel Snyder has been adamantly opposed to changing the Washington Redskins name, arguing that it "represents honor, respect and pride."

• But officials in Washington are blocking construction of a new stadium unless the team changes its name, per the Washington Post. The team currently plays on "FedEx Field" in Landover, Maryland.
• Dozens of investors are asking that businesses pull their dollars from the team amid a nationwide reckoning over racist symbols.
• Nike, FedEx and PepsiCo each received letters signed by 87 investors and shareholders asking the brands to cut ties with the team, per Adweek.

Go deeper: Pressure builds on the Washington Redskins to change team name