No Hall of Fame Game: Top Stories, Sports and Business News — June 25

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Here are the top stories in sports and business on June 25.

NFL to Cancel Hall of Fame Game

ESPN is reporting that the NFL will cancel its Hall of Fame game in Canton, Ohio due to the coronavirus pandemic. The event is the leagues’ inaugural preseason game. The league will also cancel its annual Hall of Fame enshrinement ceremony.

The Dallas Cowboys and Pittsburgh Steelers were scheduled to compete in the Hall of Fame game on August 6 but are now expected to compete in 2021 instead, according to reports.

Read more: Report: Steelers vs Cowboys Hall of Fame Game Canceled

Coronavirus Update

There are over 9.4 million cases of the virus worldwide, with over 482,000 deaths. The U.S. has over 2.3 million cases with over 121,000 deaths. Brazil has 1.1 million cases and 53,000 reported deaths.

Texas Governor Greg Abbott announced Thursday that elective surgeries in major cities would be paused. He later announced the temporary pause of any further reopening phases for Texas. Businesses that were allowed to reopen under previous phases can continue to operate.

Abbott said, “The last thing we want to do as a state is go backwards and close down businesses. This temporary pause will help our state corral the spread until we can safely enter the next phase of opening our state for business.” Abbott also called for people to wear a mask and to abide by social distancing protocols.

In good news, coronavirus hospitalizations in New York dipped right under 1,000 for the first time since March 18, according to Governor Andrew Cuomo. And the city is on track to ease more restrictions by May 6, per Mayor Bill de Blasio.

And, finally, the Kentucky Derby has said that it will run the race, which normally takes place in May, on September 4 and 5 with spectators present, but there will be strict rules to protect all guests.

Read more: Jim Cramer: Memo to Texas - No Mask, No Success, Period

LeBron James and Maverick Carter Raise $100 Million for Media Company

NBA superstar LeBron James and longtime business partner and friend Maverick Carter have received a $100 million investment to build a media company.

James and Carter have founded SpringHill Entertainment, a media entity designed to give a voice to underserved creators and consumers. Diversity is built into the company, as its employees are 64% people of color and 40% women.

In 2021, SpringHill Entertainment is scheduled to release “Space Jam: A New Legacy” starring Lebron James.

SpringHill’s investors include financial services company Guggenheim Partners LLC, UC Investments, News Corp. heir Elisabeth Murdoch, and SC.Holdings, the investment fund run by entrepreneur Jason Stein.

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