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Photo: Patrick McDermott/Getty Images

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

Go deeper

TikTok CEO Kevin Mayer resigns

Photo: Jesse Grant/Getty Images for Disney

Kevin Mayer resigned Wednesday as CEO of TikTok, the popular video app that's in the spotlight amid U.S.-China tensions, and which has been ordered by President Trump to sell its U.S. operations to a domestic buyer.

Why it matters: Mayer took the job just three months ago after 27 years on-and-off at Disney, where he most recently headed online streaming, including the debut of Disney+, and was long considered a potential successor to former CEO Bob Iger.

Updated 3 hours ago - Health

California surpasses 50,000 COVID-19 deaths

A man prepares a funeral arrangement in in Los Angeles, California, Feb. 12. Photo: Mario Tama/Getty Images

California's death toll from COVID-19 surpassed 50,000 on Wednesday, per Johns Hopkins data.

The big picture: It's the first state to record more than 50,000 deaths from the coronavirus.

4 hours ago - Technology

Facebook bans Myanmar military

A protester holds a placard with a three-finger salute in front of a military tank parked aside the street in front of the Central Bank building during a demonstration in Yangon, Myanmar. Photo by Aung Kyaw Htet/SOPA Images/LightRocket via Getty Images

Facebook said on Wednesday it would ban the rest of the Myanmar military from its platform.

The big picture: It comes some three weeks after the military overthrew the civilian government in a coup and detained leader Aung San Suu Kyi, causing massive protests to erupt throughout the country. Military leaders have been using internet blackouts to try to maintain power in light of the coup.