A group of faith-based investors are warning some of the largest US retailers including Costco Wholesale Corp. and Walmart Inc. against selling the abortion pill mifepristone.
The religious group behind the petition owns about $172 million in shares of the five companies. The coalition was led by Boise, Idaho-based Inspire Investing, which manages $3 billion of assets, and includes the investment arm of the Southern Baptist churches and the American Family Association, a Christian fundamentalist group.
Mifepristone is used in more than half of US abortions. In June, the US Supreme Court unanimously overturned a federal appeals ruling that would have barred mail-order prescriptions for the drug.
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