Donald Trump Jr-led online gun store known on Wall Street as ‘PEW' launches stock offerings
Don Jr. joined the board of GrabAGun Tuesday, ahead of the online gun retailer's debut on the NYSE. GrabAGun, which sells firearms and accessories online, is backed by 1789 Capital, a private equity firm where Trump Jr. is a partner.
The venture capital firm has a focus on investing in conservative, MAGA-aligned companies, including the Tucker Carlson Network, XA, and SpaceX.
GrabAGun's shares will trade on the NYSE under the symbol 'PEW,' which Trump Jr. says represents the sound of shooting a gun, according to NBC News.
1789 Capital founder and President Omeed Malik's company, Colombier II, acquired GrabAGun, and after a SPAC merger, the company expects more than $179 million in gross proceeds at the closing bell Wednesday, Malik and Trump Jr. told Fox News' Maria Bartiromo.
'To be able to come back to the New York Stock Exchange and actually take a gun company public, feels like such a vindication of all the insanity, all the woke nonsense that we've been watching and facing for the last decade in America,' Trump Jr. said.
Trump Jr. said the company intends to use the technology platform to open up the firearm space and allow more people to gain access to firearms.
'It's a $25 billion TAM (Total Addressable Market) and it's been suppressed. So what we're doing here with this transaction is unleashing the desire for people that already exists,' Malik said.
'You have one out of every two households in America that has a firearm. We have a Second Amendment right. You have private actors, often at the behest of the federal government, have been suppressing that right,' he continued.
'So what Don and I have done is circumvented those gatekeepers, who are self-appointed, and allowed an industry to grow the way it should be able to.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
South Wales Guardian
43 minutes ago
- South Wales Guardian
US special envoy Witkoff visits food distribution centre in Gaza
International experts warned this week that a 'worst-case scenario of famine' is playing out in Gaza. Israel's near 22-month military offensive against Hamas has shattered security in the territory of some 2.0 million Palestinians and made it nearly impossible to safely deliver food to starving people. Envoy Steve Witkoff and the US Ambassador to Israel, Mike Huckabee, toured a Gaza Humanitarian Foundation (GHF) distribution site in Rafah, Gaza's southernmost city, which has been almost completely destroyed and is now a largely depopulated Israeli military zone. Hundreds of people have been killed by Israeli fire while heading to such aid sites since May, according to witnesses, health officials and the UN human rights office. Israel and GHF say they have only fired warning shots and that the toll has been exaggerated. In a report issued on Friday, the New York-based Human Rights Watch said GHF was at the heart of a 'flawed, militarised aid distribution system that has turned aid distributions into regular bloodbaths.' Mr Witkoff posted on X that he had spent more than five hours inside Gaza in order to gain 'a clear understanding of the humanitarian situation and help craft a plan to deliver food and medical aid to the people of Gaza'. He did not request any meetings with UN officials in Gaza during his visit, UN deputy spokesman Farhan Haq told reporters. UN agencies have provided aid throughout Gaza since the start of the war, when conditions allow. Chapin Fay, a spokesperson for GHF, said the visit reflected Mr Trump's understanding of the stakes and that 'feeding civilians, not Hamas, must be the priority'. The group said it has delivered over 100 million meals since it began operations in May. All four of the group's sites established in May are in zones controlled by the Israeli military and have become flashpoints of desperation, with starving people scrambling for scarce aid. More 1,000 people have been killed by Israeli fire since May while seeking aid in the territory, most near the GHF sites but also near United Nations aid convoys, the UN human rights office said last month. The Israeli military says it has only fired warning shots at people who approach its forces, and GHF says its armed contractors have only used pepper spray or fired warning shots to prevent deadly crowding. Officials at Nasser Hospital in southern Gaza said on Friday they received the bodies of 13 people who were killed while trying to get aid, including near the site that US officials visited. GHF denied anyone was killed at their sites on Friday and said most recent shootings had occurred near UN aid convoys. Mr Witkoff's visit comes a week after US officials walked away from ceasefire talks in Qatar, blaming Hamas and pledging to seek other ways to rescue Israeli hostages and make Gaza safe. Mr Trump wrote on social media that the fastest way to end the crisis would be for Hamas to surrender and release hostages. The war was triggered when Hamas-led militants killed about 1,200 people, mostly civilians, on October 7 2023 and abducted 251 others. They still hold 50 hostages, including about 20 believed to be alive. Most of the others have been released in ceasefires or other deals. Israel's retaliatory offensive has killed more than 60,000 Palestinians, according to Gaza's health ministry. Its count does not distinguish between militants and civilians. The ministry operates under the Hamas government. The UN and other international organisations see it as the most reliable source of data on casualties.
The Guardian
an hour ago
- The Guardian
ESPN reportedly selling equity stake for RedZone and other NFL properties
ESPN has reached a deal with the NFL to purchase RedZone, NFL Network and other league holdings, the Athletic reported on Friday. The NFL will receive equity in ESPN that 'is potentially worth billions' in exchange, according to the report. An official announcement is expected next week, ending a four-year period of complicated, on-and-off negotiations. Both sides declined to provide comment to the Athletic. In addition to RedZone and NFL Network, ESPN will gain access to seven more regular-season games and the NFL's fantasy football operations, as well as the potential to integrate sports betting and other special features. The NFL's equity stake in ESPN could be as much as 10%, CNBC first reported and the Athletic confirmed. An ESPN-NFL deal would require regulatory approval, a process that could take up to a year to complete. The two sides already have a cozy relationship. ESPN pays the NFL about $2.7bn per year to air a total of 25 games, including Monday Night Football. The network also holds the rights to the Super Bowls in 2027 and 2031. Friday's reported agreement comes as ESPN is preparing to launch its direct-to-consumer service, with subscribers paying $29.99 per month to bypass cable and satellite providers to view all of the network's programming through the ESPN app.
The Guardian
an hour ago
- The Guardian
Trump news at a glance: ‘credibility' of US economics data at risk, say experts, as president fires labor dept official
After Donald Trump ordered the firing of a federal government official in charge of labor statistics, experts and opposition politicians have expressed alarm that the 'credibility' of US economic data was at risk. The US president claimed without evidence that Erika McEntarfer, the commissioner of labor statistics, had 'rigged' job numbers 'in order to make the Republicans, and ME, look bad', after data showed jobs growth stalled this summer, prompting accusations that the president was 'firing the messenger'. Bill Beach, a former Heritage Foundation economist who was picked by Trump in 2018 to oversee labor statistics, denounced what he called the 'totally groundless firing'. 'Politicizing economic statistics is a self-defeating act,' said Michael Madowitz, the principal economist at the Roosevelt Institute's Roosevelt Forward, who added that 'credibility is far easier to lose than rebuild, and the credibility of America's economic data is the foundation on which we've built the strongest economy in the world'. Senate Democrat Ron Wyden said 'this is the act of somebody who is soft, weak and afraid to own up to the reality of the damage his chaos is inflicting on our economy'. The move came as markets around the world were roiled by Trump's latest tariff announcement, which left more than 60 countries scrambling to secure trade deals. Here are the key US politics stories of the day: Donald Trump ordered the firing of the federal government official in charge of labor statistics, hours after data revealed jobs growth stalled this summer, prompting accusations that he was 'firing the messenger'. The US president claimed that Erika McEntarfer, the commissioner of labor statistics, had 'faked' employment figures in the run-up to last year's election in an effort to boost Kamala Harris's chances of victory. Trump later claimed: 'Today's Jobs Numbers were RIGGED in order to make the Republicans, and ME, look bad.' He produced no evidence for these allegations and insisted that the US economy was, in fact, 'BOOMING' on his watch. Read the full story Donald Trump has said that he deployed nuclear-capable submarines to the 'appropriate regions' in response to a threatening tweet by Russia's former president Dmitry Medvedev, suggesting that he would be ready to launch a nuclear strike as tensions rise over the war in Ukraine. In a post on Truth Social on Friday, Trump wrote that he had decided to reposition the nuclear submarines because of 'highly provocative statements' by Medvedev, noting he was now the deputy chair of Russia's security council. Medvedev had earlier said that Trump's threats to sanction Russia and a recent ultimatum were 'a threat and a step towards war'. Read the full story Donald Trump unleashed global chaos with sweeping new tariff rates, triggering a wave of market jitters and fears for jobs in some of the poorest countries, as rates were signed off ranging from 10% to 50%. There was a minor reprieve that opened the door to further negotiations, after the White House said the updated tariffs would take effect on 7 August, not on Friday, the deadline previously set by Trump. Read the full story Donald Trump called on top Federal Reserve officials to seize control from its chair, Jerome Powell, if he fails to cut interest rates, stepping up his extraordinary attacks on the central bank's independence. The US president called Powell 'a stubborn MORON' in a series of critical social media posts on Friday, days after the Fed held rates steady for the fifth consecutive time. Read the full story Americans are struggling financially, grappling with debt and the rising cost of living, and are blaming the Trump administration and corporate interests for worsening economic outlooks for working families, according to a new poll. Read the full story A new Trump administration report that attempts to justify a mass rollback of environmental regulations is chock-full of climate misinformation, experts say. Read the full story The US economy added 73,000 jobs in July, far lower than expected, amid ongoing concerns over Donald Trump's escalating trade war. Poverty and hunger will rise as a result of the Trump administration's unprecedented cuts to the US federal 'food stamps' program, according to experts. Low-income workers who rely on the aid are braced for dire consequences. California's governor, Gavin Newsom, may call a special election in November to begin the process of redrawing the state's congressional maps in response to Texas's plans to change its own maps to help Republicans keep their majority in the House of Representatives. Ghislaine Maxwell, Jeffrey Epstein's associate who is currently serving a 20-year prison sentence for sex-trafficking crimes, has been transferred from a federal prison in Florida to a lower-security facility in Texas, the US Bureau of Prisons said on Friday. Kamala Harris has said she currently has no desire to re-enter 'the system' of American politics because it is 'broken'. Sixteen states are suing the Trump administration to defend transgender youth healthcare access, which has rapidly eroded across the US due to threats from the federal government. Catching up? Here's what happened 31 July 2025.
