Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Photo: Frederic J. Brown/Contributor/Getty Images

In the wake of 2 mass shootings at Walmart stores in recent months, the company said Tuesday it plans to discontinue handgun ammunition and all sales of short-barrel rifle ammunition that can be used with military-style assault weapons, CNBC reports.

Why it matters: Walmart is the world's largest retailer. So while this move is incremental, it's one of the strongest statements yet from the business community on the issue of gun violence.

By the numbers: Walmart estimated that it made up about 2% of the market for firearms, putting it among the "top three sellers in the industry," per CNBC. The company also owns an estimated 20% share of the market for ammunition. Walmart anticipates that will drop to 6%–9% with the new policy in effect.

The big picture: Walmart has faced pressure, including from its own employees, for failing to pull weapons from its stores after deadly shootings at a Mississippi Walmart in July and an El Paso Walmart in August.

  • The company will also end all handgun sales in Alaska.
  • Walmart plans to sell through its existing inventory before discontinuing sales of short-barrel rifle ammunition, commonly associated with hunting, and large capacity clips on military-style weapons.
  • Walmart is also requesting its customers stop visibly carrying firearms in stores in "open carry" states unless authorized law enforcement officers are present. 

The impact: Kroger followed Walmart's lead on Sept. 3, asking shoppers outside of authorized law enforcement not to openly carry guns in "open carry" states, CNBC reports.

  • CVS and Walgreens joined Walmart and Kroger in asking customers not to open-carry firearms in stores on Sept. 5.
  • Albertsons Company followed suit on Sept. 7, asking customers "to not openly carry firearms" in stores "unless they are authorized law enforcement officers."

What they're saying: CEO Doug McMillon wrote in his note to employees announcing the new policy: "It's clear to us that the status quo is unacceptable."

  • "He also called on government leaders to "strengthen background checks and to remove weapons from those who have been determined to pose an imminent danger."

Last month, McMillon pledged a "thoughtful and deliberate" response in the aftermath of the El Paso shooting, though the company took no immediate steps to alter its gun sales policy.

  • 2020 candidates, like Elizabeth Warren and Bernie Sanders called on Walmart to stop its gun sales — and saw a walkout by 40 white-collar workers in California, per the Washington Post.

Worth noting, via Axios' Erica Pandey and Courtenay Brown: Despite Walmart's massive footprint, smaller gun shops and gun shows make up a much larger piece of the vendor pie than big retailers do, and a lot of transactions take place in cash — well outside the purview of big business.

Go deeper: White House and Congress say it's "September or bust" on gun legislation

Go deeper

Updated 9 mins ago - Politics & Policy

Facebook paying up to $14M to settle employment discrimination claims

Photo: T.J. Kirkpatrick/Bloomberg via Getty Images

Facebook has agreed to pay up to $14.25 million to settle allegations that it discriminated against American workers by reserving positions for temporary visa holders, the Justice Department announced on Tuesday.

Why it matters: The settlement represents the largest civil penalty and monetary award that the Civil Rights Division has recovered in the 35-year history of the Immigration and Nationality Act's anti-discrimination provision.

Updated 2 hours ago - World

Mapping repression in China's Xinjiang region

Data: © Mapbox, © OpenStreetMap; Map: Will Chase/Axios

A sweeping new report released today by an Australian research organization reveals new details about how the Chinese Communist Party — and specifically who within the party — is carrying out its campaign of repression in Xinjiang.

Why it matters: Uncovering the actual offices and individuals implementing the Chinese government's genocide and forced labor policies in Xinjiang can bring accountability and help international companies delink supply chains in compliance with U.S. and EU forced labor laws.

Report: U.S. Latinos near 50% homeownership rate

Real estate broker Alex Betances sits in front of a home in Reading, Pa. Photo: Ryan McFadden/MediaNews Group/Reading Eagle via Getty Image

Latinos increased their homeownership rate to nearly 50% in 2020, according to a report from a group monitoring U.S. Hispanic wealth creation.

Why it matters: The Hispanic Wealth Project found that the homeownership rate grew despite the lack of diversified financial assets among Latinos and around 15% who still live below the federal poverty line ($26,500 for a family of four).