The Walt Disney Company Chairman and CEO Robert Iger. Photo: Chip Somodevilla/Getty Images

Facebook COO Sheryl Sandberg and Twitter CEO Jack Dorsey won't seek re-election to Disney's board of directors due to mounting potential conflicts of interest, the company said on Friday.

Bottom line: With Disney's acquisition of 21st Century Fox's entertainment assets, the company's position in news and television is uncomfortably overlapping with the social media companies' business interests in those areas.

More: Robert Matschullat, former Seagram Company vice chairman, and Orin Smith, former CEO of Starbucks Corp, will also leave the board due to limits on terms and retirement age requirements.

Go deeper

Investors are ignoring the coronavirus pandemic by buying stocks and gold

Illustration: Eniola Odetunde/Axios

U.S. economic data is crumbling as increasing coronavirus cases keep consumers at home and force more cities and states to restrict commerce, but the stock market has continued to rise.

What's happening: Bullish fund managers are starting to lay down bets that it will be this way for a while. "The reason is: You have monetary and fiscal policy pushing the economy out of a problem and that is very, very bullish," Andrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management, tells Axios.

How Trump's push to reopen schools could backfire

Illustration: Aïda Amer/Axios

The Trump administration’s full-steam-ahead push to fully reopen schools this fall is on a collision course with the U.S.' skyrocketing coronavirus caseload and its decades-long neglect of public education.

Why it matters: Getting kids back to school is of paramount importance for children and families, especially low-income ones. But the administration isn’t doing much to make this safer or more feasible.

Coronavirus squeezes the "sandwich generation"

Illustration: Eniola Odetunde/Axios

As the coronavirus poses risks and concerns for the youngest and oldest Americans, the generations in the middle are buckling under the increasing strain of having to take care of both.

Why it matters: People that make up the so-called sandwich generations are typically in their 30s, 40s and 50s, and in their prime working years. The increasing family and financial pressures on these workers means complications for employers, too.