Kroger & Walmart Tighten Gun Restrictions, NBC is Cutting Commercial Time
Kroger and Walmart are raising the minimum age for those buying guns to 21, following in the footsteps of Dick's Sporting Goods. Up until now, Kroger sold guns at 43 of its Fred Meyer locations in Alaska, Idaho, Oregon, and Washington. Both companies released statements saying the tightening of gun restrictions is in reaction to the Parkland school shooting that left 17 dead. Kroger and Walmart both stopped selling assault-style weapons a few years ago.
NBC Universal will cut the number of ads it airs in primetime by 20%. The media giant owns networks such as NBC, Telemundo, USA, MSNBC, E!, and others. Linda Yaccarino, chairman of advertising and client partnerships, says this is a necessary move to retain customers who are increasingly turning towards streaming platforms without commercials. The changes will go into effect by the fourth quarter.
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Fox News, the former employer of Defense Secretary Pete Hegseth, has joined a near-unanimous outpouring of news organizations rejecting new rules for journalists based in the Pentagon.
Motley Fool’s Bill Mann unpacks October 10th's market chaos, what triggered it, and where smart investors should look next. Don’t miss his expert insight!