New York Times business news – May 22

The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

– Disney’s DIS Pixar will stop making original shows for Disney+ as part of a broader retrenchment, resulting in layoffs that will reduce its work force by 14%.

– Treasury Secretary Janet Yellen said that the U.S. and Europe need to work together to push back against China’s excess industrial capacity, warning that a wave of cheap Chinese exports represents a grave threat to the global economy.

– A 73-year-old man died and dozens of people were injured after a Singapore Airlines C6L plane encountered “sudden extreme turbulence” about 10 hours into a flight from London to Singapore.