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Illustration: Aïda Amer/Axios

Walmart, which first banned assault weapon sales and now vaping products, is providing a template of how CEOs can move beyond a monomaniacal focus on profits.

Why it matters: It’s one thing to sign an unenforceable pledge to think more about employees and society, like most members of the Business Roundtable did. It’s another to take specific action while politicians dither.

In conversations with a half-dozen CEOs this week, we were stunned by how much pressure business leaders are feeling to take social action. If so, here’s what they can do:

  • JPMorgan Chase, Starbucks, Walmart, Amazon and many others increased their minimum wage [Updated]. Every CEO has the power to do this.
  • Delta Airlines returns billions in profits to employees — this year, a bonus equal to 14% of their annual pay — and has grown since making this change. Every company can do this. 
  • Amazon this week became the first to sign The Climate Pledge to be net zero carbon across the businesses by 2040 — a decade ahead of the Paris Accord's goal of 2050. An individual company can’t put a dent in overall pollution — but a bunch might.
  • Stripe, the online payment platform, announced last month that it plans to spend at least $1 million a year to pay for direct removal of carbon dioxide from the atmosphere. Stripe said in its emissions announcement: "For other companies: Please reach out to Stripe to join our commitment."
  • Bank of America last year stopped lending money to makers of military-style assault weapons.
  • Dick’s Sporting Goods paid a price in its earning after it initially made it harder to buy firearms in its store, but then went even further this year.

What else can be done:

  • They could also limit CEO pay if they wanted to narrow the gap in their own shop. 
  • All retailers control what’s on their shelves, so if they want to eliminate AR-15s, or vaping, or whatever — free enterprise permits it.
  • All companies control child care, family leave and health policies and can be as generous as they choose. 

The big picture: The new public assertiveness by corporations follows an earlier wave, after President Trump took office, of CEOs taking stands on immigration, climate, gender equality and other issues that their predecessors avoided.

  • Apple's Tim Cook, who has become increasingly vocal, said at a Fortune conference last year: "Apple is about changing the world. It became clear to me some number of years ago that you don’t do that by staying quiet on things that matter."

The bottom line: The pressure on CEOs from employees, customers and communities seems to only be intensifying.

Go deeper:

Go deeper

There's an ETF for everything, except bitcoin

Illustration: Sarah Grillo/Axios

Happiness. Weed. Robots. Water. Whatever the theme, there's probably an ETF promoting a basket of stocks related to it.

Why it matters: Thematic ETFs are an investment mania side effect. There's newfound retail investor interest in narrow exposure to hot corners of the stock market. More are launching to meet the moment.

A divided nation flocks to partisan brands

Data: Harris Poll; Chart: Danielle Alberti/Axios

Americans are leaning into companies that have strong political positions, in the wake of one of the country's most divisive election years.

Driving the news: New rankings from the Axios/Harris 100 poll — an annual survey to gauge the reputation of the most visible brands in the country — show that brands with clear partisan identifications are becoming more popular.

America is finally winning its fight against the coronavirus

Expand chart
Data: CSSE Johns Hopkins University; Map: Andrew Witherspoon/Axios

America’s battle against the coronavirus is going great.

The big picture: For the first time in a long time, nobody needs to cherry-pick some misleading data to make it seem like things are going well, and the good news doesn’t need an endless list of caveats, either. It’s just really good news. We’re winning. Be happy.