New Virginia law banning `assault firearms’ prompts quick lawsuits from gun-rights groups

Virginia Gov. Abigail Spanberger signed legislation banning the sale and manufacture of certain semi-automatic firearms, prompting immediate lawsuits from gun rights groups. The restrictions on “assault guns” described in the legislation are among two dozen new gun restrictions and regulations the Democratic governor has enacted in his first months in office. It marked a sharp…

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Demand for longer-term U.S. debt gets weaker as one shock after another stokes fear that high inflation is here to stay

Global bonds sold off sharply on Friday as investors grappled with persistently higher inflation amid the ongoing energy crisis. Oil prices rose after the U.S.-China summit, but there was no sign that Beijing would rely on ally Iran to reopen the Strait of Hormuz. A series of U.S. debt auctions last week showed tepid demand…

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