A group of Christian and conservative investors are calling on several major retailers, including Walmart and Costco, to rebuff calls from the New York City Comptroller to start selling the widely used abortion drug mifepristone.
Organized by the Alliance Defending Freedom (ADF), a group of business leaders and customers recently sent letters to Costco, Walmart, Kroger, Albertsons, and McKesson, calling them to not offer mifepristone, a drug that is estimated to be used in over half of all abortions. Signers included Inspire Insight CEO Robert Netzly, Guidestone Financial Resources Managing Director Will Lofland, and Bowyer Research CEO Jerry Bowyer, and financial advisor David Bahnsen, among others.
“We are investors, investment advisors, fiduciaries, proxy voting and corporate engagement consultants to investors who hold over $100 billion in assets under management and $56 million in Costco stock,” the letter to Costco said. “We write to urge Costco, for its own sake and the sake of its shareholders and customers, to continue its current practice of not dispensing the abortion drug mifepristone.”
The letters come after NYC Comptroller Brad Lander urged the retailers to move to offer mifepristone for sale or risk losing consumer confidence. Lander noted that NYC pension funds have about $1.3 billion in ownership in the retailers.
The coalition disagreed with Lander’s assessment that the companies needed to start providing mifepristone.
“Not true. Maximizing shareholder value requires Costco to avoid politicizing its services and to continue to do what it has always done best, provide excellent grocery and retail goods to families,” the letter from the coalition said in response.
In a statement, ADF Senior Vice President of Corporate Engagement Jeremy Tedesco said that the group was happy to help facilitate the letter.
“As the letter emphasizes, the legal landscape on dangerous chemical abortion drugs is anything but settled. The FDA’s own label admits that roughly one in 25 women who take this drug will end up in the ER,” he said. “Retail pharmacies are there to serve the health and wellness of their customers, but abortion drugs like mifepristone undermine that mission by putting women’s health at risk.”
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Mifepristone has increasingly become the most common way for a woman to end the life of her unborn child, especially in states where abortion is supposed to be illegal.
A Daily Wire investigation earlier this year found that a shady network of Left-wing activist groups are flooding red states with abortion pills. People are able to circumvent state laws with access to the internet, a willingness to make payments online, and a shipping address.
