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4 March, 2018 00:00 00 AM
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Florida school shooting

US investment giant pressures gun firms

BBC

The world's biggest investment management firm is stepping up pressure on companies that make and sell guns after the Florida school shooting, reports BBC.

BlackRock Inc is considering offering investors the chance not to invest in gun firms, and is asking those firms how they monitor safe use of weapons. The US corporation said the Florida shooting on 14 February, in which 17 people died, required a response.

It is the largest shareholder in two of the biggest US gun manufacturers.

"As it has for many people, the recent tragedy in Florida has driven home for BlackRock the terrible toll from gun violence in America," the corporation said on its website.

"We believe that this event requires response and action from a wide range of entities across both the public and private sectors."

Two major retailers have also announced new restrictions on gun sales. Dick's Sporting Goods, which has more than 600 shops, said it would no longer sell assault-style rifles, and backed "common sense gun reform".

American Outdoor Brands, meanwhile, reported a 33% year-on-year decline in quarterly sales on Thursday.

Walmart said it was raising the minimum age for anyone buying guns or ammunition to 21 years. Meanwhile, President Donald Trump stunned lawmakers from both parties by accusing them of being "petrified" of the NRA during a meeting at the White House. But the following day he described a meeting with a top NRA lobbyist as "great".

Since the 14 February attack on the Florida school the NRA has become a target of a heated campaign for tougher gun laws.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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