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Gun manufacturers are losing the support of corporate America. Photo: Daniel Karmann/picture alliance via Getty Images

Banks, financial institutions and retail stores are all pushing back against the gun industry by taking steps to slow the sale of firearms and blocking the industry's financial options in response to the United States' continued problems with mass shootings.

The big picture: Second Amendment advocates fear that Corporate America's pushback against the gun industry could be a backdoor way — without legislation or a constitutional amendment — to roll back Americans' gun rights.

The state of play: Corporate entities are hesitant to support gun manufacturers and sellers as today's social media age of instant reactions increasingly demands that corporations take a stand on social issues.

  • Payment processing firms are limiting firearm transactions, per the Chicago Tribune.
  • Some financial institutions, including the Bank of America and Citigroup, have both restricted their business with gun manufacturers and buyers in recent months.
  • Walmart raised the age requirement to purchase firearms to 21 in February.
  • Dick's Sporting Goods also raised its minimum age to purchase firearms to 21 — and banned the sale of assault-style weapons.

The other side: Gun advocates are concerned that, even if the Second Amendment doesn't change, changing attitudes on firearms will eventually render the right to bear arms useless.

If you can't make guns, if you can't sell guns, the Second Amendment doesn't mean much.
— Michael Hammond, legal counsel for Gun Owners of America, to the Chicago Tribune
  • Republican Sen. Mike Crapo (Idaho) wrote to Citigroup saying there should be concern "if banks like yours seek to replace legislators."

The effect: Gun manufacturers have been feeling the pressure. Remington, one of the nation's largest gun makers, has been in and out of bankruptcy over the last few months and struggled with its banks.

The bottom line: For major corporations, the fear of being the next company implicated in a mass shooting is a driving force.

  • Dick's Sporting Goods CEO Ed Stack told The New York Times after Parkland: "[I]t came to us that we could have been a part of this story ... We said, ‘We don’t want to be a part of this any longer."

Go deeper

Scoop: Caitlyn Jenner makes it official for California governor

Caitlyn Jenner. Photo: Paul Archuleta/Getty Images

Former Olympic decathlete and reality TV star Caitlyn Jenner has filed her initial paperwork to run for governor of California and will officially announce her bid later today, her campaign tells Axios.

The big picture: Jenner, a longtime Republican, is seeking to replace Democratic Gov. Gavin Newsom in a recall election, hoping her celebrity status and name recognition can yield an upset in the nation's most populous state.

Kendall Baker, author of Sports
33 mins ago - Sports

New laws, new rules bring big changes to college sports

Illustration: Sarah Grillo/Axios

The college sports landscape could change more in the next six months than it has in the last 50 years, as the NCAA grapples with new competition, new laws and new rules.

How it works... 1. Startup leagues: Investors are flocking to new leagues that aim to compete with the NCAA, evidence of just how much opposition there is to the amateurism model — and how much belief there is in new ones.

2 hours ago - Health

Malaria vaccine from Oxford highly effective in early trials

Family in Brazil under a malaria net. Photo: J R Ripper/Brazil Photos/LightRocket via Getty Images

A malaria vaccine developed by Oxford University was found to have "high-level efficacy" in phase II trials, according to a pre-print study released on Friday.

Why it matters: Malaria kills over 400,000 people a year, more than half of them children under the age of 5. Deaths have fallen in half over the past 20 years thanks to investment in prevention and drugs, but a truly effective malaria vaccine would represent one of the greatest victories in the history of public health.