In the wake of the tragedy in Uvalde, Texas, a congressional committee has launched an investigation into gun manufacturers. In a press release filed on Friday, the Committee on Oversight and Reform reported it had mailed letters to a number of manufacturers “requesting information regarding their manufacture, marketing, and sales of firearms used in mass shootings” ahead of a hearing scheduled for June 8. Smith & Wesson Brands (NASDAQ:SWBI +1.9%), Bushmaster, Daniel Defense, Sig Sauer, and Sturm Ruger & Company (NYSE:RGR +0.2%) were reported to be in receipt of the letters. Other firms potentially impacted include: Česká zbrojovka Group, Vista Outdoor (VSTO), FN Herstal, Olin Corporation (OLN), Ammo, Inc. (POWW), American Outdoor Brands (AOUT), Heckler & Koch, O.F. Mossberg & Sons, Springfield Armory, Savage Arms, Beretta Holdings, Carl Walther GmbH Sportwaffen, Sportsman's Warehouse Holdings (SPWH), Taurus International, and Glock among others.

Source: CNN May 27, 2022 21:28 UTC