The largest drinking water settlement in American history was just reached for $10.3 billion. Chemical manufacturer 3M Co. has to pay out the money over a case in Stuart, Florida, for allegations that it had polluted the local drinking water with “forever chemicals.” Those are chemicals that don’t easily break down in the human body,…
3M Settles ‘Forever Chemicals’ Case for $10.3B: Attorney for Plaintiffs Scott Summy on the Historic Case
June 26, 2023
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3M Settles ‘Forever Chemicals’ Case for $10.3 Billion: Attorney for Plaintiffs Scott Summy on Historic Case
June 26, 2023
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3MallegationschemicalsCrossroadsEpochTVFeatured TopicsInterviewsLive VideosPolicies & ImpactspollutedScott SummyUSVideoWater
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The largest drinking water settlement in American history was just agreed—for $10.3 billion. Chemicals manufacturer 3M has to pay out the money after a case in Stuart, Florida, over allegations that it had polluted the local drinking water with “forever chemicals.” These are chemicals that don’t break down easily—either in the human body or in…
3M Reaches $10.3 Billion Settlement Over US Allegations of ‘Forever Chemicals’ Contamination
Chemical manufacturer 3M Co. has reached a $10.3 billion settlement with several U.S. public drinking water systems to resolve allegations of contamination of “forever chemicals.” The company announced Thursday that the agreement “includes present value commitment of up to $10.3 billion payable over 13 years.” The $10.3 billion agreement would settle a case that had been…
Wimbledon Prize Money up More Than 11 percent, Winners of Singles to Get $3 Million Each
LONDON—The total prize money at Wimbledon this year will rise by more than 11 percent, with the winners of the singles each getting 2.35 million pounds ($3 million). The total prize fund at the championships will be 44.7 million pounds ($56.5 million), the All England Club said Wednesday. That is an increase of 17.1 percent…
Industry Conspired to Conceal PFAS ‘Forever Chemicals’ Hazards for Decades, Study Shows
In a shocking exposé of global significance, confidential documents reveal that the chemical industry hid the harmful impact of substances known as “forever chemicals.” Investigation by researchers from the University of California, San Francisco (UCSF), and the University of Colorado revealed the industry’s strategic measures to hinder public knowledge of the toxicity of per- and poly-fluoroalkyl…
3M Fires Company Executive for Inappropriate Conduct Weeks After Promotion
WASHINGTON—3M has fired prominent company executive Michael Vale due to “inappropriate personal conduct and violation of company policy,” the maker of Post-it notes, industrial coatings and ceramics announced. Vale was promoted to group president and chief business and country officer just last month. Vale worked at 3M for more than 30 years, according to an…
LIVE 5 PM ET: NTD Business (April 25): GM ending production of Chevy bolt EV; First Republic Bank Shares Plummet nearly 50%
April 25, 2023
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Shares of First Republic Bank plummeted today, after it revealed massive withdrawal of deposit in the last quarter, it’s also laying off workers. The cheapest American EV is going away. Stay tuned to find out why GM is ending the production. Manufacturing giant 3M announcing a major layoffs today—how many are they letting go, and…
LIVE 5 PM ET: NTD Business (April 25): GM Ending Production of Chevy Bolt EV; First Republic Bank Shares Plummet Nearly 50 Percent
April 25, 2023
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3MbidenBusiness & MarketsChatGPTchevy bolteconomic policieseconomyEpochTVFirst Republic BankGeneral MotorsInvestmentLive VideosMarketsNTD BusinessSilicon Valley BankUSVideo
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Shares of First Republic Bank plummeted Tuesday, after it revealed a massive withdrawal of deposits in the last quarter. It’s also laying off workers. The cheapest American EV is going away. Find out why GM is ending the production. Manufacturing giant 3M announced major layoffs Tuesday—how many are they letting go, and why? In its…
3M to Cut 6,000 Positions Globally to Improve Cash Flow
3M Co said on Tuesday it would cut about 6,000 positions globally as the U.S. industrial conglomerate looks to focus on high-growth businesses, including automotive electrification and home improvement. The move comes as an uncertain economy along with rising interest rates and stubbornly high inflation forces corporate America to get leaner in recent months. 3M,…
3M’s Bid to Shield Itself From Earplug Lawsuits Faces Skeptical Judges
Federal appeals court judges on Tuesday appeared skeptical of 3M’s bid to use the bankruptcy of its subsidiary Aearo Technologies to shield itself from nearly 260,000 lawsuits over allegedly defective military-issue earplugs. Paul Clement, a lawyer for Aearo, urged a three-judge panel of the 7th U.S. Circuit Court of Appeals in Chicago to reverse a…
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