PA Bill Number: HB829
Title: In preliminary provisions, further providing for definitions;
Description: An Act amending the act of April 12, 1951 (P.L.90, No.21), known as the Liquor Code, in preliminary provisions, further providing for definitions;
Last Action: Signed in House
Last Action Date: Jul 3, 2024
BlackRock is stripping Walmart, Dick's from some of its funds over guns :: 04/07/2018
The world’s largest money manager is stripping retailers that sell guns out of some current and planned exchange-traded funds, the latest sign that weapons sellers are facing the same scrutiny from investors as producers.
Walmart Inc. WMT, -1.28% Dick’s Sporting Goods Inc. DKS, -5.09% and Kroger Co. KR, -0.17% are among the retailers that will be ruled out of new environmental social and governance-focused funds BlackRock Inc. is planning, a spokeswoman for the world’s largest asset manager said Thursday. The retailers were among those who said they would no longer sell guns to anyone under 21 in the wake of the school shooting in Parkland, Fla.
The New York firm after the shooting went public with the questions that it is asking gun manufacturers and distributors and businesses. Investors and businesses alike have put renewed pressure on gun makers and sellers, spurred in part by student advocacy efforts nationwide.
BlackRock plans to strip all gun sellers and retailers including Kroger from its current lineup of seven so-called ESG funds, which have some $2.2 billion in assets. Those products had minimal exposure to such firms.
