NASCAR

NASCAR quietly limiting gun ads

Cars in the pits during a race.
Cars in the pit at Monster Energy NASCAR Cup Series on Sept. 08 in Indianapolis, Indiana. Photo: Chris Graythen/Getty Images

NASCAR rejected multiple advertisements from firearms companies this summer, muddling the racing organization's stance on Second Amendment issues, according to CNN.

Why it matters: Gun enthusiasts and manufacturers told CNN the rejections stunned them and they fear NASCAR is silently joining the chorus of companies calling for action on gun control and changing their internal policies on guns following recent mass shootings.

NASCAR to buy International Speedway for $2 billion

Las Vegas Motor Speedway
The NASCAR Sprint Cup Series Kobalt 400 at Las Vegas Motor Speedway. Photo: Jeff Speer/Icon Sportswire/Corbis via Getty Images

NASCAR Holdings agreed to buy racetrack owner and operator International Speedway Corp. for around $2 billion in cash, or $45 per share.

Why it matters: This deal could be the impetus for streamlining at the auto racing giant, which publicly acknowledged that its 38-race schedule is bloated. NASCAR now could reduce its overall number of races, but pour more resources into events at major tracks it would now control, including those in Daytona and Talladega.