3M to Create Healthcare Business Spinoff as Standalone Company
Manufacturing and industrial giant 3M has announced it will create a separate spinoff of its healthcare unit.
3M, BitFury and Allied Control collaborate to build world’s most powerful two-phase immersion cooling project with 3M Novec Engineered Fluid.
Manufacturing and industrial giant 3M has announced it will create a separate spinoff of its healthcare unit.
President Donald Trump invoked the Defense Production Act to ban “unscrupulous actors and profiteers” from exporting critical medical gear used to protect wearers from the coronavirus. 3M stock price went down.
3M is facing turbulence as the Trump administration meddles with its operations, making MMM stock unpopular among investors despite their products being involved in the fight against COVID-19.
JPMorgan’s chief U.S. equity strategist thinks that the S&P 500 could return to record highs by early next year if the U.S. policy of efficiently containing the coronavirus outbreak works and the government rapidly moves forward with fiscal stimulus.
To combat the pandemic-like situation with coronavirus spread, the Trump administration has ordered 35 million monthly N95 face masks from industrial giant 3M. The company has ramped up the production. 3M (NYSE: MMM) stock is up.
While many stocks are taking a big hit because of the coronavirus, the following 5 are some that are set up to benefit from the outbreak. Let’s have a look at them.
3M, BitFury and Allied Control collaborate to build world’s most powerful two-phase immersion cooling project with 3M Novec Engineered Fluid.