3M Company shares are trading higher amid reports of the company reaching a $5.5B settlement over Its faulty military earplugs.
Portfolio Pulse from Benzinga Newsdesk
3M Company has reportedly reached a $5.5B settlement over its faulty military earplugs, leading to a rise in its share prices.
August 28, 2023 | 10:04 am
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3M's stock is trading higher following the news of a $5.5B settlement over its faulty military earplugs.
The settlement of the lawsuit removes a significant legal risk for 3M, which is likely to be viewed positively by investors, leading to a rise in the company's stock price in the short term.
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IMPORTANCE 80
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