The Rising Influence of Rising Affluence

[Biowatch]

3M Don’t_follow, but “Forever chemicals” not appealing.

https://www.forbes.com/sites/greatspeculations/2023/03/15/what-led-to-a-40-fall-in-3m-stock-since-2019/?sh=aa896c6729d3

3M is also involved in the legacy manufacturing of per- and polyfluoroalkyl substances chemical compounds, also known as “forever chemicals,” because they break down slowly in the environment. The company is facing lawsuits over claims that contaminated soil and drinking water led to health problems in some communities. Note that 3M has announced that it would cease all production of PFAS by the end of 2025. However, it will likely face legal action in the coming years. The extent of the liability from these two issues is anyone’s guess, which has weighed on MMM stock.