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☆ Wirecard tried to destroy its whistleblower. Now, he's founded a startup to protect others who speak out.
▼ + stars: | 2024-03-29 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +6 min

Read previewBeing a whistleblower was antithetical to everything Pav Gill had done during his nine-year stint as a corporate lawyer. When Wirecard headhunted the Singaporean native to be its head of legal, Gill took up the position enthusiastically. Despite the fruitful outcome, the experience of being a whistleblower traumatized Gill. AdvertisementThis realization was the driving force behind Gill setting up his startup — Confide — a platform for 'internal whistleblowers' to raise issues within their organizations. AdvertisementGill anticipates that this model will work best for companies with over 50 employees, and ideally above 250 employees.

Persons: —, Pav Gill, Gill, foraying, Wirecard, Gill's, don't, " Gill, they're Organizations: Service, Allen, Business, Financial, Directive, EU Locations: Wirecard, Asia, Singapore, ESG

☆ Harvard's president resigning means more drama for other universities
▼ + stars: | 2024-01-03 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the resignation of another Ivy League president and the knock-on effect it'll have on education in the US. The big storyIvy League issuesBrian Snyder/ReutersClaudine Gay's tenure as Harvard president wasn't long, but it won't be forgotten. Alan Garber, Harvard's provost and chief academic officer, will serve as interim president, the school's board announced. Gay is the second Ivy League president to step down in less than a month, following in the footsteps of former Penn president Elizabeth Magill. Harvard president Claudine Gay Kevin Dietsch/Getty ImagesGay and Magill's departures highlight the tension between businesses and prestigious universities and the former's influence over the latter.

Persons: —, Bob Marley, John Wick, Brian Snyder, Claudine Gay's, wasn't, Gay, Alan Garber, Harvard's, Elizabeth Magill, Magill, Sally Kornbluth, Bill Ackman, Claudine Gay Kevin Dietsch, Business Insider's Paul Squire, Lucas Jackson, Tesla, Goldman, Tyler Le, it's, Warren Buffett, Greta Thunberg, Florence Pugh, Mel Gibson, J.R.R, Tolkien, Eli Manning, Max Willcocks, Dan DeFrancesco, Diamond Naga Siu, Hallam Bullock, Jordan Parker Erb, Hayley Hudson, Lisa Ryan Organizations: Service, Ivy League, Business, Harvard, Ivy, Penn, Gay, MIT, GOP, Big Tech, Apple, Microsoft, Nvidia, Meta, Boston Consulting Group, Cushman & Wakefield, LinkedIn, SAP, Verizon Consumer Group, EV, Elon, Jiji Press, Japan Airlines, New York Locations: China, Jisoo, New York, San Diego, London, Edinburgh

☆ Harvard president's resignation draws strong reactions from her critics and supporters
▼ + stars: | 2024-01-02 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Claudine Gay is out as the president of Harvard. Gay announced Tuesday in a letter that she was stepping down, and reactions have poured in on social media from both her supporters and critics. AdvertisementElon Musk voiced his agreement with a social media user's post that said Gay had been "caught plagiarizing." I admire Claudine Gay for putting Harvard's interests first at what I know must be an agonizingly difficult moment. AdvertisementNot everyone celebrated Gay's resignation.

Persons: Claudine Gay, Gay, —, Larry Summers, Gay's, Elon Musk, Emil Michael, Uber's, Alan Garber, — Lawrence H, Summers, Bill Ackman, Ackman, hasn't, Sally Kornbluth, Elizabeth Magill, it’s, 3yUDw6tciF — Emil Michael, @emilmichael, Christopher Rufo, Rufo, Elon, Jason Calacanis, Timnit Gebru, Couldn't, Gebru, Nikole Hannah Jones, Janai Nelson, Liz Magill's, Gary Marcus, Uber, Marcus Organizations: Harvard, Service, Treasury, Twitter, Billionaire, Gay, Former University of Pennsylvania, Harvard Corporation, Conservative, Google, NAACP Legal Defense, Educational Fund

☆ A middle-schooler just won $25,000 for inventing a fire-detection device that works faster than the average smoke detector
▼ + stars: | 2023-11-05 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +4 min

The device works quicker than the average smoke detector by using a thermal camera. "That was really moving for my family because it was something that we had never really experienced before," Gill told Insider. It inspired her to create a fire-detection device that could identify fires faster than an average smoke detector and send a text to users to alert them of a fire. Ajmera told Insider the 30 finalists were judged on two factors: the projects themselves and a series of surprise challenges they completed in pre-assigned teams. "During the challenges and throughout the competition, what we understand is she exhibited leadership, collaboration, she exhibited grace, and critical thinking skills," Ajmera told Insider.

Persons: Shanya Gill, Gill, —, She's, Ajmera, Society for Science Gill, that's Organizations: Service, Fisher Scientific, Society for Science, Competition

☆ Wind-powered cargo ships with sail-like 'wings' could reduce fuel use by 30%
▼ + stars: | 2023-10-19 | by ( Lucy Handley | ) www.cnbc.com time to read: +3 min

The Pyxis Ocean sailed from China to Brazil in September 2023, partially powered by large 'wings'. CargillA cargo ship with a difference is set to dock at the Polish port of Gdynia early next week. The wings have been folded down when the ship docked at ports on its journey. "If you can reduce the volume [of fuel] by 30% you have another gain, [in] that you don't have to put your ship all full of tanks instead of cargo capacity," Dieleman said. One of the folded-down 'wings' that helped the Pyxis Ocean sail from China to Brazil, arriving in September 2023.

Persons: Cargill, Jan Dieleman, Dieleman, we're, it's Organizations: Cargill, Transportation, CNBC Locations: China, Brazil, Gdynia, Shanghai, Paranagua, Spanish, Tenerife, Poland

☆ University of Pennsylvania 'should have moved faster' in condemning antisemitism, its president admits, days after Apollo CEO called for her resignation
▼ + stars: | 2023-10-16 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

AdvertisementAdvertisementThe University of Pennsylvania "should have moved faster" in condemning the antisemitic views of speakers that appeared at a recent Palestinian literary festival held on campus, its president said. He was also one of 4,000 people to sign a letter condemning the university for hosting the festival. But, in light of the terror attack by Hamas on Israel, Rowan said the response was not enough. AdvertisementAdvertisementIn the statement Sunday, Magill said that the university could've been more forceful in condemning anti-Semitism in its initial statement on the festival. I, and this University, are horrified by and condemn Hamas's terrorist assault on Israel and their violent atrocities against civilians.

Persons: —, Elizabeth Magill, Magill, Marc Rowan, Rowan, Magill's, Roger Waters, Pink Floyd, Marc Lamont Hill, Waters, Hill, Rowan's oped, Carolyn, could've Organizations: The University of Pennsylvania, Service, of Pennsylvania, University, Penn, Apollo Global Management, CNN, The Daily, Wharton School's, Advisors, Daily Locations: Israel, Gaza, Palestinian, UPenn, Palestine

☆ Apollo CEO is calling for University of Pennsylvania leaders to resign after he says they refused to strongly condemn antisemitism
▼ + stars: | 2023-10-11 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

Apollo Global Management CEO Marc Rowan is calling for University of Pennsylvania leaders to resign. AdvertisementAdvertisementApollo Global Management CEO Marc Rowan is the latest business leader to slam an Ivy League institution for not taking a stronger stance against what he called antisemitism. AdvertisementAdvertisementAt the time, the university responded, saying in a statement that "we unequivocally — and emphatically — condemn antisemitism as antithetical to our institutional values." But, in light of the attack by Hamas on Israel, Rowan has said the response was not enough. "We see sickening parallels between Harvard leadership's inaction against Harvard's antisemitism and the failure by UPenn's leadership to take a stand against hate," Rowan wrote in his letter.

Persons: Marc Rowan, Hedge, Bill Ackman, Israel, —, Elizabeth Magill, Scott Bok, Rowan, Magill, Magill's, didn't, Pink Floyd, Roger Waters, Carolyn, Ackman, Jonathan Newman, Jake Wurzak, Penn Organizations: Apollo Global Management, University of Pennsylvania, Hamas, Harvard, Service, Global Management, Ivy League, Daily, Defamation League, Jewish, Wharton School's, Advisors, Pershing, Capital Management, Dovehill Capital Management Locations: Israel, UPenn, mater

☆ 'Dumb Money,' the movie based on the 2021 GameStop trading frenzy, comes up short
▼ + stars: | 2023-09-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +3 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . I'm fascinated by Hollywood's interpretation of finance, from "The Wolf of Wall Street" and "Margin Call" to "The Big Short." The depiction of hedge fund managers Ken Griffin (Nick Offerman), Steve Cohen (Vincent D'Onofrio), and Gabe Plotkin (Seth Rogen), whose firm's GameStop short position put it in Reddit traders' crosshairs, came across as too over-the-top and cartoonish. But if satire was the direction the movie wanted — à la "The Wolf of Wall Street" — it should have pushed harder. Instead, Gill's stoner brother (Pete Davidson) has to carry the comedy load, but most of his jokes come up short.

Persons: —, Keith Gill, Paul Dano, Gill, Ken Griffin, Nick Offerman, Steve Cohen, Vincent D'Onofrio, Gabe Plotkin, Seth Rogen, Griffin, Pete Davidson Organizations: Service, GameStop, Wall

☆ Shami and batters set up India's clinical win v Australia
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

Put into bat, Australia were all out for 276 in exactly 50 overs even though 300 looked within their reach before Shami polished off their tail. Nearly all of Australia's frontline batters got the starts in the match but only David Warner (52) managed a half-century. Australia still looked poised for a bigger total with Josh Inglis (45) and Marcus Stoinis (29) scoring freely. After Adam Zampa removed both the openers and Shreyas Iyer ran himself out in between, Australia looked back in the contest. Rahul made 58 not out, staying put till the end to secure India's victory by hitting Abbott for a four and a six.

Persons: India's Mohammed Shami, Andrew Couldridge, Seamer Mohammed Shami, Mitchell Marsh, KL Rahul, David Warner, Steve Smith, Marnus Labuschagne, Cameron Green, Josh Inglis, Marcus Stoinis, Shami, Shubman Gill's, Ruturaj Gaikwad, Jos Inglis, Sean Abbott's, Gaikwad, Rohit Sharma, Adam Zampa, Shreyas Iyer, Suryakumar Yadav, Rahul, Abbott, Amlan Chakraborty, Christian Radnedge Organizations: Kia, Australia, KL, Thomson Locations: England, India, London, Britain, Australia, Indore, Rajkot, New Delhi

☆ Bangladesh upset India despite Gill ton
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +1 min

Put into bat, Bangladesh overcame a top order wobble to post a competitive 265-8 with skipper Shakib Al Hasan topscoring for his side with a breezy 80. After Rohit Sharma elected to field, Bangladesh slumped to 59-4 before Shakib and Towhid Hridoy (54) steadied the ship. When they returned to defend the total, Tanzim Hasan Shakib claimed two wickets in his first two overs in international cricket to put India immediately under pressure. While wickets kept tumbling at one end, Gill stood tall amid ruins to keep India in the hunt. Mahedi Hasan ended Gill's 133-ball knock but Axar kept India on course until his dismissal in the penultimate over.

Persons: Shakib Al Hasan topscoring, Gill, Axar Patel, Virat Kohli, Jasprit, Kuldeep Yadav, Rohit Sharma, Towhid Hridoy, Nasum Ahmed, Mahedi Hasan, Tanzim Hasan Shakib, Axar, Amlan Chakraborty, Pritha Sarkar Organizations: Sri, Thomson Locations: COLOMBO, Bangladesh, Asia, India, Sri Lanka, Sunday's, New Delhi

☆ Cargill chartered ship sets sail to test wind power at sea
▼ + stars: | 2023-08-21 | by ( Jonathan Saul | ) www.reuters.com time to read: +2 min

[1/5] Pyxis Ocean retrofitted with WindWings sets sail during its maiden voyage, in this undated handout picture, Mid-Sea, August 2023. Cargill, one of the world’s biggest ship charterers, has been exploring wind assisted propulsion as one cleaner energy option. Pyxis Ocean will sail from Singapore and head to Brazil and is likely to transport a cargo of grain to Denmark, Dieleman said. The vessel is then likely to remain in the north Atlantic area to maximise wind usage, he added. BAR Technologies, which has designed boats for the America's Cup, developed the sails, which were built by Norway's Yara Marine Technologies.

Persons: Jan Dieleman, Dieleman, Cargill, Norway's, Jonathan Saul, Kirsten Donovan Organizations: Cargill, Handout, REUTERS Acquire, Reuters, BAR Technologies, Norway's Yara Marine Technologies, Thomson Locations: U.S, Singapore, Brazil, Denmark

☆ Cargill ingredients are probably in every meal you eat. That makes the company's environmental goals a big deal.
▼ + stars: | 2023-08-21 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +6 min

Cargill, the largest private company in the US, buys from farmers and ranchers in 70 countries. Some environmental groups, including Greenpeace and Stand.earth , accuse Cargill of not doing enough on those fronts. What is Cargill doing about the climate crisis? What is Cargill doing about that? (A Cargill spokesperson added that the company also offers premium payments to soy growers in South America enrolled in a company sustainability program.

Persons: Cargill, Pilar Cruz, Burger, didn't Cargill Organizations: Service, Privacy, Cargill, Greenpeace, Stand.earth, Latina, Soil Health Institute, National Fish and Wildlife Foundation, Innovation Fund, Tropical Forest Alliance, US, Brazil —, Gran Chaco, South America Locations: South America, Southeast Asia, Cargill, North America, Germany, Romania, Poland, Southern, Brazil, West Africa, Ghana, Côte d'Ivoire, South

☆ The pandemic learning loss was worse for kids with special needs. Now, startups are helping students with autism, dyslexia, and ADHD get back on track.
▼ + stars: | 2023-08-15 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +7 min

A new group of startups are helping children with conditions like autism and ADHD learn in schools. And neurodivergent students that require special education assistance and mental health support are behind the learning curve. Guadalupe Lara, an intensive behavioral instruction aide for students with special needs at Pacific Elementary in Manhattan Beach, California, said helping her students recover from the learning losses during remote learning during the pandemic has been very tough. Staffing qualified special education teachers has also become a problem for schools. In the last two years, though, more generalist investors have begun to invest in startups in this area.

Persons: Vanessa Castañeda Gill wasn't, Castañeda Gill, Gill, Vanessa Castañeda Gill, Guadalupe Lara, Edweek, Rebecca Kaden, Vijay Ravindran, Suchi Deshpande, Ravindran, Floreo, Alex Alvarado, Alvarado, Daybreak's, Diana Heldfond, Dan Povitsky Organizations: Venture, Morning, Progress, Staffing, National Center for Education Studies, ABC News, Union Square Ventures, Meta, Vine Ventures Locations: Manhattan Beach , California, Floreo, America

☆ These education-tech startups are aiming to help kids with autism, ADHD and dyslexia in school
▼ + stars: | 2023-08-15 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +7 min

A new group of startups are helping children with conditions like autism and ADHD learn in schools. And neurodivergent students that require special education assistance and mental health support are behind the learning curve. Staffing qualified special education teachers has also become a problem for schools. As more districts look for solutions that can help address these problems, startups can be the ones offering the tools. In the last two years, though, more generalist investors have begun to invest in startups in this area.

☆ 'Real' meat maker Cargill may emerge big winner in plant-based food as buzzy startup boom fades
▼ + stars: | 2023-06-17 | by ( Bob Woods | ) www.cnbc.com time to read: +12 min

Additionally, Cargill began marketing several plant-based protein ingredients, made from soy, pea and wheat, to food and beverage manufacturers worldwide. What to expect for plant-based meat in next decade Cargill's calculated approach to plant-based meats coincides with the nascent industry's trajectory. And then there's the consumer's appetite to pay a premium price for plant-based meat. So Cargill's biggest competition will be the established plant-based meat companies, like Beyond and Impossible, he said. The future of plant-based meat might be analogous to the ongoing transition to electric vehicles.

Persons: Florian Schattenmann, Cargill Cargill, Cargill, Schattenmann, it's, John Baumgartner, Baumgartner, Caroline Bushnell, Bushnell, that's, Seth Goldstein, Goldstein, Tyson's Organizations: Cargill, Foods, Tyson Foods, Hormel Foods, Smithfield Foods, Cargill Inc, The, Bloomberg, Getty, Foods Cargill, Mizuho Securities USA, Good Food Institute, Cubiq Foods, FDA, North, Food and Drug Administration, Morningstar Research Services, Nielsen, annualized Nielsen, Nestle, Tesla, tiptoed, Ford, GM, Hyundai, Volkswagen Locations: U.S, Minneapolis, Montreal, Quebec, Canada, Spanish, Berkeley , California, Puris, North American, Netherlands, Bflike, Belgian, North America

☆ Cargill enters dispute for Brazil soy crusher's assets
▼ + stars: | 2023-06-16 | by ( Ana Mano | ) www.reuters.com time to read: +2 min

In court documents seen by Reuters, Cargill expressed interest in bidding for the assets but sought clarification about the liabilities attached to the plants. Geraldo Gouveia Jr, Imcopa's attorney, told Reuters the bankruptcy judge has made no decision yet related to the request to suspend the court-supervised auction. Bunge, which has long sought to acquire Imcopa's assets, signed a contract to buy the Araucaria and Cambe plants in May 2020. Citing bankruptcy court filings, Imcopa's Gouveia Jr said Bunge has publicly reiterated interest in buying Imcopa's plants. The assets remain attractive because they produce high value soy byproducts for export and the domestic market.

Persons: Cargill, Bunge, Geraldo Gouveia Jr, Imcopa's Gouveia Jr, Ana Mano, David Evans Organizations: SAO PAULO, Reuters, Bunge, Imcopa, Thomson Locations: Parana, Paranagua, Brazil

☆ Cargill to sell China poultry unit to private equity firm DCP Capital
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +2 min

BEIJING, May 31 (Reuters) - U.S. agribusiness giant Cargill has agreed to sell its poultry business in China to private equity firm DCP Capital, it said in a statement on Wednesday. The sale of the unit known as Cargill Protein China is subject to regulatory approvals but is expected to close this year, it added. The U.S. company started its China poultry operations in 2011, breeding, raising and processing the chickens. China's DCP Capital has invested in several other food and agriculture businesses including one of China's top poultry producers Fujian Sunner Development(002299.SZ), its website says. It also said the private equity firm was focused on Greater China and led by former members of the KKR and Morgan Stanley private equity businesses.

Persons: Cargill, Morgan Stanley, Dominique Patton, Christian Schmollinger, Barbara Lewis Organizations: Cargill, DCP, Cargill Protein China, Wellhope, Fujian Sunner, KKR, Thomson Locations: BEIJING, China, United States, Chuzhou, Anhui, U.S, Fujian

☆ Shrinking US cattle herd squeezes meatpacker profits
▼ + stars: | 2023-05-04 | by ( Tom Polansek | ) www.reuters.com time to read: +5 min

Cargill, the world's largest ground beef producer, expects cattle prices will rise further, but it is still a question whether higher beef prices will ruin consumers' appetites, company executives said. Big profits for meatpackers during the pandemic and soaring beef prices fueled concerns in the Biden administration about consolidation and profiteering in the sector. The companies say supply and demand determine cattle and beef prices. In 2023, "the cattle feeder can negotiate more of the consumer dollar," said Brett Gottsch, managing partner Gottsch Cattle Co, which raises cattle in Nebraska. Gottsch remains concerned about a lack of competition among meatpackers, though others said surging cattle prices show the market works.

The timeline shows the challenges of quickly finding and implementing replacements for Packers Sanitation Services Inc (PSSI), which provides cleaning services at slaughterhouses. "We made the decision to terminate the agreements with PSSI," Hans Kabat, who leads Cargill's protein business in North America, told Reuters. Cargill said it notified PSSI in March that it was terminating services at a beef plant in Dodge City, Kansas, and then followed with all PSSI's sanitation contracts. One of the largest penalties stemmed from PSSI's contracts at Cargill's plant in Dodge City. Cargill, the world's largest ground beef producer, is reviewing options for cleaning plants, Kabat said.

☆ A digital nomad discovers the downside of remote work: no locals want to hang out with her
▼ + stars: | 2023-04-25 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

The digital nomad community has grown in tandem with the rise of remote work. Tayler GillThe Digital Nomad Village was established in February 2021 by the Regional Government of Madeira through Startup Madeira. "By the time we got there, the Digital Nomad Village was already pretty established," Gill told Insider. "Their whole thing was to build a community and foster that community for digital nomads coming in." It's easy for the village's digital nomads to socialize with each otherPonta do Sol's Digital Nomad Village isn't just a perch in the sun for folks with laptops.

☆ How moving food from farm to table puts global supply chain logistics to extreme tests
▼ + stars: | 2023-04-17 | by ( Sponsor Post | Created Cargill With Insider Studios | ) www.businessinsider.com time to read: +4 min

Regional conflicts like the invasion of Ukraine have had far-reaching global consequences, impacting global food supply and food security. Prior to the war, Ukraine could produce enough food to feed 400 million people per year. To keep food growing and moving in the region, operators like Cargill must rely on critical data, partnerships, and dedicated employees. Farmer livelihoods and the rebuilding of Ukraine's agriculture economy are also critical to ensure ongoing global food systems and security. Click here for more information about Cargill's efforts to address needs of the food supply chain in Ukraine and around the world.

"Bump stocks allow a shooter to fire hundreds of bullets a minute by a single pull of the trigger. Like other machine guns, rifles modified with bump stocks are exceedingly dangerous." Bump stocks use a semiautomatic's recoil to allow it to slide back and forth while "bumping" the shooter's trigger finger, resulting in rapid fire. Cargill sued, challenging the ATF's rule in 2019, which required him to surrender his two bump stocks. Two days after that ruling, Biden signed into law the first major federal gun reform in three decades.

☆ Oil spills and near misses: more ghost tankers ship sanctioned fuel
▼ + stars: | 2023-03-23 | by ( Jonathan Saul | ) www.reuters.com time to read: +9 min

REUTERS/Ronen ZvulunSummary Risk of accidents in focus as 'shadow' fleet growsStirs fears of oil spills, decades after Exxon ValdezHundreds of ships carry oil from sanctioned nationsMany ship certifiers and insurers have pulled servicesLONDON, March 23 (Reuters) - An oil tanker runs aground off eastern China, leaking fuel into the water. Many leading certification providers and engine makers that approve seaworthiness and safety have withdrawn their services from ships carrying oil from sanctioned Iran, Russia and Venezuela, as have a host of insurers, meaning there's less oversight of vessels carrying the flammable cargoes. Reuters was unable to independently verify the numbers regarding the size and growth of the shadow fleet. The U.S. Treasury didn't immediately respond to a request for comment on ships carrying sanctioned oil. SHIP-TO-SHIP TRANSFERSAround 774 tankers out of 2,296 in the overall global crude oil fleet are 15 years old or more, according to data provider VesselsValue.

☆ 34-year-old's startup, worth $1.5 billion and backed by Google, wants to make tutoring free for kids everywhere
▼ + stars: | 2023-02-09 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

As college prep season starts, some high schoolers — or their parents — are probably thinking about hiring private tutors to help boost their SAT scores. It makes a difference: Research shows that private tutoring can help improve SAT scores by roughly 37 points, which can make a difference on college applications. The 34-year-old is the CEO and founder of Paper, a Montreal-based virtual learning platform he launched in 2014 to try making private tutoring more financially accessible. He quickly learned that wealthier students often performed better in school, even before they hired private tutors. Over the last five years, the startup has made some of its biggest strides in "large, urban districts," Cutler says.

☆ U.S. appeals court strikes down ban on bump stocks
▼ + stars: | 2023-01-07 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

REUTERS/George FreyJan 6 (Reuters) - A U.S. appeals court on Friday struck down a Trump administration rule banning bump stocks, which are devices that allow people to rapidly fire multiple rounds from semi-automatic guns. Circuit Court of Appeals in New Orleans said that despite "tremendous" public pressure to impose a ban, it was up to the U.S. Congress rather than the president to take action. Three other federal appeals courts have rejected challenges to the ban, and Friday's decision raises the prospect that the U.S. Supreme Court could eventually decide the issue. A bump stock lets a gun's stock, which rests against the shoulder, slide backward and forward, letting users take advantage of the gun's recoil to fire rapidly. Circuit Court of Appeals, No.

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