Trump to Ease Gun Export Rules and Gun Stocks Go Haywire

Gun stocks rose Tuesday as the Trump administration is considering legislation that would allow gun manufacturers to sell small arms, including assault rifles, to foreign buyers. 

Trump is preparing to shift regulation of gun sales to the Commerce Department from the U.S. State Department, U.S. News and World reported Tuesday. 

The move is expected to cut the red tape and slash regulatory costs, resulting in a boon for the gun industry. 

Sturm, Ruger & Co. Inc. (RGR) - Get Report shares jumped 13.6%, Vista Outdoor Inc. (VSTO) - Get Report climbed more than 3% and American Outdoor Brands Corp. (AOBC) - Get Report  climbed more than 10%. 

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