3M profit jumps as world masks up for coronavirus

3M is the world’s biggest maker of the masks and has seen demand swell as the outbreak spread globally, putting the company at the heart of a tug-of-war over supplies. The Minnesota-based company pulled its 2020 outlook citing economic uncertainty due to the pandemic and also suspended its share repurchase. Beginning May, 3M said it would begin reporting monthly sales information to provide transparency on its ongoing business performance as it navigates the pandemic. …read more

Source:: Yahoo Finance

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