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The man described as al-Qaida's "leading propagandist" and the No. 2 leader in that terrorist organization was killed by a U.S. drone strike in Pakistan on Monday, NPR, CNN and The Associated Press say they've been told by "a U.S. official."

That word came around 1:40 p.m. ET.

Our original post. Reports: Drone Strike Targeted Al-Qaida's 'Leading Propagandist'

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And our last word in business this morning is: Jubilation.

Hundreds of thousands of Britons gathered outside Buckingham Palace last night for the Diamond Jubilee concert, celebrating the queen's 60-year reign. The evening offered a break from Britain's bad economic news and another opportunity to rebrand positively the Royal Family.

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NPR's business news starts with Disney delving into nutrition.

Today, Disney comes out with nutritional standards for food advertised across its platforms. The company has taken flack for contributing to the obesity epidemic by airing ads for junk food that targets kids.

This move marks a dramatic change, but the company's chairman told The New York Times, quote, "this is not altruistic; this is about smart business." Transcript provided by NPR, Copyright National Public Radio.

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And the Senate votes today on legislation aimed at shrinking the pay gap between men and women. It's called the Paycheck Fairness Act.

NPR's Ari Shapiro reports President Obama is using the bill as a tool in the 2012 campaign.

Republican Gov. Scott Walker faces Milwaukee Mayor Tom Barrett in a recall election Tuesday that has attracted a lot of outside money. The attempt to remove Walker came after he successfully pushed to limit collective bargaining rights for public sector unions.

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This is MORNING EDITION from NPR News. I'm Renee Montagne.

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And I'm David Greene.

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You might say there's a tectonic shift going on in morning television. TV critic Eric Deggans says that ABC's "Good Morning America" is doing something that seemed unthinkable for more than a decade: it is rocking NBC'S "Today Show" off its ratings pedestal.

ERIC DEGGANS: Even "Today" show co-host Matt Lauer admits it.

MATT LAUER: The show is not where I want it to be right now. The ratings are not where I want them to be right now.

DONNY DEUTSCH: Where do you want to be right now?

Hollywood studios are dealing with big budget flops and the release of G.I. Joe: Retaliation has been postponed until March. Kim Masters, host of The Business, and editor at large for The Hollywood Reporter, talks to Renee Montagne about the summer woes at movie studios.