WNPR

Gun Stocks Rise in the Wake of Orlando, Florida Shooting

Jun 14, 2016

Sturm, Ruger and Co. is among the gun makers to see its stock price surge the day after the Orlando massacre. 

The Southport-based company closed trading Monday up 8.5 percent. That's in line with the rise seen by other publicly-traded weapons manufacturers.

There's been a similar effect after many high profile mass shooting incidents, including the Newtown massacre in 2012.

Legislation Shields Insurance Data

The International Business Times continues to raise concerns about Governor Dannel Malloy administration's handling of the Cigna-Anthem merger.

The website has highlighted a provision in a bill just signed by Malloy that apparently shields insurance company documents from public scrutiny. It exempts certain data gathered by the Connecticut Insurance Department from Freedom of Information Act requests.

The change was pushed for by the Insurance Department, which is the lead state in reviewing the Cigna-Anthem tie-up. Commissioner Katharine Wade is already under fire for a seeming conflict of interest, as a former Cigna employee.

No Veto Override for Dems

Democratic leaders in the Connecticut Senate have declined to override Malloy's line-item veto that cut a further $22 million from the 2017 budget, saying the governor has the authority to make the cut anyway if his veto is overturned.

By contrast, Democrats in the House expressed willingness to override the veto.

Republicans have called the Senate Democrats' decision "disappointing, but not surprising."