Illustration: Rebecca Zisser / Axios 

"For many Florida teachers, it’s an indignity on top of tragedy. Inside their retirement plans, they hold stock in the companies that make the AR-15 rifle," Reshma Kapadia writes in the "Streetwise" column of Barron's:

  • "The $163 billion Florida Retirement Pension Plan had a $4 million stake in gun manufacturers as of Dec. 31. Nearly half of that comes from a low-cost index fund that tracks the broad-based Russell 3000."
  • "Indexing giants Vanguard and BlackRock are the largest investors in the three major publicly traded gun makers. BlackRock owns 11% of American Outdoor Brands, formerly Smith & Wesson ... Together, BlackRock and Vanguard own 26% of Sturm Ruger, which makes semi-automatic rifles including the AR-15. And they’re the No. 2 and No. 3 owners, respectively, of Vista Outdoor."
  • Why it matters: "Investors combing through fund holdings could easily miss these positions. ... The gun makers may not matter to asset managers, but the reverse isn’t true. The fund giants help keep the stocks of gun makers afloat."
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Why it matters: If you're the Trump administration, and you're in charge of the federal government, remember that a Pew poll published in April found the Postal Service was viewed favorably by 91% of Americans.

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Illustration: Aïda Amer/Axios

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USPS pushes election officials to pay more for mail ballots

Protesters gather in Kalorama Park in D.C. today before demonstrating outside the condo of Postmaster General Louis DeJoy. Photo: Cheriss May/Reuters

The Postal Service has urged state election officials to pay first class for mail ballots, which Senate Democratic Leader Chuck Schumer says could nearly triple the cost.

Why it matters: Senate Democrats claim that "it has been the practice of USPS to treat all election mail as First Class mail regardless of the paid class of service."