The daily business briefing: September 4, 2019

Walmart asks customers not to carry guns in its stores, Hong Kong shares rise as Lam withdraws controversial extradition bill, and more 

A Walmart in California
(Image credit: Justin Sullivan/Getty Images)

1. Walmart cuts ammo sales, tells shoppers not to openly carry guns

Walmart on Tuesday said it would ask customers not to carry guns in its stores, and cut back on its ammunition sales following a mass shooting at an El Paso, Texas, Walmart that left more than 20 people dead. The company said that once its current inventory is gone it will stop selling handgun and short-barrel rifle ammunition, some of which can be used in assault-style rifles that have been used in many recent mass shootings. Walmart also plans to end handgun sales in Alaska, the only state where it still sells pistols. "It's clear to us that the status quo is unacceptable," Walmart CEO Doug McMillon told employees in a memo. The National Rifle Association accused Walmart of caving to "anti-gun elites." Grocery chain Kroger also asked customers not to carry firearms openly in its stores.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.