3M Stock Jumps Following 'Forever Chemicals' Settlement -- WSJ
Dow Jones2026/11/04 17:46By John Keilman
Materials maker 3M saw its shares jump 9% in afternoon trading Wednesday following the announcement of a $7.4 billion settlement over injury claims related to so-called "forever chemicals."
The company said it would pay the amount over nine years to as many as 120,000 plaintiffs who claim they've suffered from cancer and other maladies following exposure to firefighting foam that contained forever chemicals known as PFAS.
3M didn't admit liability as part of the agreement.
Chief Executive Bill Brown said the company viewed the settlement terms as favorable, and Wall Street agreed. UBS analyst Amit Mehrotra said in a research note that investors expected a settlement cost of around $10 billion, and that the end of the litigation "removes a meaningful overhang" in the company's shares.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
November 04, 2026 12:46 ET (17:46 GMT)
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