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The Latest Breaking News from 3

Oil prices on the rise again as US-Iran fighting escalates

Benchmark prices for crude oil rose on Thursday as Iran said it targeted a US airbase in response to American air strikes. Commercial traffic through the Strait of Hormuz, which had slightly ticked up in previous days, dwindled down to almost nothing again. Also in this edition: Australia takes legal…

France 24

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Australia launches record $1.4B lawsuit against 3M over 'forever chemicals' at defense bases

Australia is suing the U.S. company 3M for over $1.4 billion due to contamination from "forever chemicals" in firefighting foam at defense bases

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Afternoon Update: Australia sues 3M for record sum; multiple states at risk of flooding; and Patagonia’s drag queen lawsuit

Federal government seeks more than $2bn in damages from multinational manufacturer in its largest legal claim ever

The Guardian - AU

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Australia sues 3M for record $2bn sum over Pfas ‘forever chemicals’ in firefighting foam

Federal government seeks damages from multinational manufacturer over contamination at defence sites in its largest legal claim ever

The Guardian - AU

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FED:Manufacturer gears up for $2b 'forever chemicals' fight

Australia is seeking billions in damages from a leading manufacturer, claiming it concealed information over the risks of PFAS-containing firefighting foam.

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The Economic Times

Australia sues consumer goods giant 3M over 'forever chemicals'

Australia is suing US company 3M for AU$2 billion. The lawsuit concerns contamination from firefighting foam containing 'forever chemicals' at military bases. The government seeks to recover costs for managing environmental damage. This is Australia's most significant legal action of its kind. 3M denies wrongdoing and states it stopped selling…

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Newcastle Herald

Government to sue chemical giant 3M for PFAS contamination damages

The Australian government is suing US chemical giant 3M for $2 billion for damages caused by PFAS products.

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FED:Australia sues firm for billions over forever chemicals

The government is making its "largest legal claim ever" against a multinational company after 28 defence bases were contaminated with "forever chemicals".

AAP

Manufacturer gears up for $2b 'forever chemicals' fight

Australia is seeking billions in damages from a leading manufacturer, claiming it concealed information over the risks of PFAS-containing firefighting foam.

The Economic Times

In the 1950s, one stubborn chemical spill at a 3M lab sparked the idea behind Scotchgard

An accidental lab spill in the 1950s led to the creation of Scotchgard, a revolutionary stain-repellent fabric protector. Developed by 3M amidst a boom in fluorochemical research, the product offered convenience to post-war consumers. However, the very chemicals that made it effective later raised significant environmental and health concerns, highlighting…

Barchart

3G Capital Exits Microsoft Stock in Major Portfolio Shift. MSFT Is Still One of the Best AI Plays Now.

3G Capital dumped Microsoft stock and piled into semiconductor names. Here's what the move says about AI investing right now, and whether MSFT remains a buy.

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