Hyatt eliminating small bottles of shampoo, reducing single-use water bottles by June 2021

Hyatt Hotels Corp. H, +0.77% announced Tuesday that it will eliminate small bottles of toiletries like shampoo and lotion, and reduce the number of single-use plastic water bottles by June 2021. Instead, the company will switch to large-format bathroom items, create additional water stations for guests with reusable water bottles and serve water in carafes and other containers at events. The company has also recently removed plastic straws and drink picks, making them available only by request. Marriott International Inc.MAR, +1.66% and Carnival Corp.CCL, +0.60% have made similar steps to reduce plastic use. Hyatt stock has rallied 13.7% for the year to date while the S&P 500 index SPX, +0.46% is up 23.7% for the period.

Fortinet, Palo Alto Networks stocks gain after bullish calls at Goldman

Shares of Fortinet Inc. [ftnt], Palo Alto Networks Inc. [panw], and Verint Systems Inc. VRNT, +1.47% are trading higher in Tuesday’s session after Goldman Sachs analyst Brian Essex initiated coverage of the cybersecurity names with buy ratings. He began coverage of Check Point Software Inc. CHKP, +0.35%, FireEye Inc. FEYE, -0.12%, and Zscaler Inc. ZS, +2.09% at hold and established a sell rating on shares of SecureWorks Corp. SCWX, -1.28%. "Within our coverage universe, we prefer stocks of companies with favorable exposure to next-generation security, an ability to take share in key markets, a demonstrated ability to execute, and strong fundamentals with cash flow," Essex wrote. "Although high growth software stocks have pulled back over the past few months, we believe the market will continue to reward high-growth share gainers in the market with a premium to peers." The initiations come as the First Trust NASDAQ Cybersecurity ETF CIBR, +0.67% has risen 27% so far in 2019. The S&P 500 SPX, +0.46% is up 23% in that time.

Supreme Court to allow Sandy Hook parents to sue gun maker Remington

Business leaders demand lawmakers to address gun violence: Report

CEO’s of 145 U.S. companies have called on the government to address gun violence, according to the New York Times.

WASHINGTON (AP) — The Supreme Court is letting a lawsuit proceed against the maker of the rifle used in the Sandy Hook Elementary School shooting.

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The justices rejected an appeal Tuesday from Remington Arms that argued a 2005 federal law shields firearms manufacturers from most lawsuits when their products are used in crimes.

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The court's order allows a survivor and relatives of nine victims who died at the Newtown, Connecticut, school in 2012 to pursue their claims.

The lawsuit says the Madison, North Carolina-based company should never have sold a weapon as dangerous as the Bushmaster AR-15-style rifle that gunman Adam Lanza used to kill 20 first graders and six educators. It also alleges Remington targeted younger, at-risk males in marketing and product placement in violent video games.

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The National Rifle Association was among those urging the court to jump into the case and end the lawsuit against Remington.

Boeing Successfully Conducts Pad Abort Test

Boeing Co. (BA) Monday said it successfully tested the emergency abort test of the CST-100 Starliner, which the company is developing to fly astronauts to the International Space Station, even though only two of the three main parachutes deployed.

During the two-minute test designed to simulate a launch pad emergency, an uncrewed Starliner spacecraft lifted off under its own power from a test stand at the U.S. Army’s White Sands Missile Range in New Mexico.

The emergency abort test was intended to demonstrate that the Starliner spacecraft could carry astronauts to safety in case something were to go wrong with the rocket.

“The test team and spacecraft performed flawlessly,” said Starliner Program Manager John Mulholland. “Emergency scenario testing is very complex, and today our team validated that the spacecraft will keep our crew safe in the unlikely event of an abort.”

Boeing said that one of three parachutes failed to deploy during the successful test.

“It’s too early to determine why all three main parachutes did not deploy, however, having two of three deploy successfully is acceptable for the test parameters and crew safety. At this time we don’t expect any impact to our scheduled Dec. 17 Orbital Flight Test. Going forward we will do everything needed to ensure safe orbital flights with crew,” the company said in a statement.

The company will welcome the success as it has been under fire after the two deadly plane crashes that killed 346 people.

Newtown shooting victim families can sue gun-maker, Supreme Court allows

The Supreme Court has cleared the way for families of Newtown, Connecticut, shooting victims to sue gun-maker Remington Arms Co. — the manufacturer of the AR-15 used in the 2012 massacre — rejecting the company’s request for the court to consider the case.

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The case will now proceed to trial in Connecticut for the families of the victims of the shooting, which took place in December 2012 at the Sandy Hook Elementary School. Twenty children and six adults were killed at the school.

The justices did not offer an explanation for their decision to deny the request to take up the case.

The lawsuit was first filed over four years ago and has overcome a series of hurdles to go to trial.

In March, the Connecticut Supreme Court ruled to allow the families to sue the gun-maker. The families argued that the manufacturer, distributor and seller of the weapon negligently entrusted to civilian consumers an assault rifle that is suitable for use only by military and law enforcement personnel and violated the Connecticut Unfair Trade Practices Act (CUTPA) through the sale or wrongful marketing of the rifle.

Remington has argued that it is protected by the Protection of Lawful Commerce in Arms Act (PLCAA) from liability.

This is a developing story. Please check back for updates.