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1. Russia-probe report finds no evidence of political bias: reportsПн, 09 дек[−]

A report on the Russia probe found no evidence of political bias, despite some performance failures, the Associated Press wrote Monday, citing a summary it obtained. The Washington Post said the long-awaited Justice Department inspector general's report concludes that the FBI had an “authorized purpose” to initiate the investigation. President Donald Trump has claimed that the Russia investigation was illegitimate and tainted by political bias from FBI leaders, as the AP writes.

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2. UPDATE: Juniper Networks names former Google manager Raj Yavatkar as chief technology officerПн, 09 дек[−]

Juniper Networks Inc. said Monday it has appointed Raj Yavatkar as chief technology officer with a start date of later this month. Yavatkar was in charge of developing network virtualization infrastructure and products for cloud networking at Google , Juniper said in a statement. The executive has also done stints at VMWare Inc. and Intel Corp. . Yavatkar will replace Bikash Koley, who resigned in November, according to a regulatory filing. Juniper shares were down 1% Monday and have fallen 7.4% in 2019, while the S&P 500 has gained 25%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


3. Intel introduces chip to speed up development of quantum computersПн, 09 дек[−]

Intel Corp. unveiled a chip Monday meant to speed the development of commercially viable quantum computers. Code named "Horse Ridge," the cryogenic control chip is meant to control multiple quantum bits, or qubits, which must be maintained at a few degrees above absolute zero. Unlike traditional bits, which take on a value of either "0" or "1," qubits are considered to be able to exist in multiple states simultaneously in a superimposed quantum state, allowing for more complex calculations. So far, quantum computing has been demonstrated in experimental conditions. "While there has been a lot of emphasis on the qubits themselves, the ability to control many qubits at the same time had been a challenge for the industry," said Jim Clarke, director of quantum hardware at Intel. "Intel recognized that quantum controls were an essential piece of the puzzle we needed to solve in order to develop a large-scale commercial quantum system. That's why we are investing in quantum error correction and controls. With Horse Ridge, Intel has developed a scalable control system that will allow us to significantly speed up testing and realize the potential of quantum computing."

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


4. Fate Therapeutics' stock rises on early-stage cancer drug dataПн, 09 дек[−]

Shares of Fate Therapeutics gained 37% after it shared promising data from one clinical and one preclinical study for its experimental cancer immunotherapy treatments. The company is testing two therapies, FT516 and FT500, in a very small Phase 1 trial as treatments for acute myeloid leukemia and as a combination therapy for advanced B-cell lymphoma. Separately, Fate said preclinical data for FT596 was also positive, and it will begin enrolling patients in its first human trial early next year. Fate's stock is up 46% year-to-date. The S&P has gained 25% during the same timeframe.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


5. Apple captured more than a third of wearables shipments in 3Q: IDCПн, 09 дек[−]

Apple Inc. captured 35% of the global wearables market in the third quarter with its Apple Watch, AirPod, and Beats headphones products, according to market-research company IDC. Analysts at IDC estimate that Apple shipped 29.5 million wearables in the period, up from 10 million in the year-earlier quarter. "Looking ahead, the price reduction on the Series 3 Watch as well as the launch of AirPods Pro leaves Apple in a strong position to maintain dominance in this market for the short term," IDC said in a release. China's Xiaomi and Huawei Technologies Co. Ltd. occupied the second and fourth positions in IDC's table, shipping an estimated 12.4 million and 7.1 million devices, respectively. Samsung Electronics Co. Ltd. was third with 7.1 million, while Fitbit Inc. rounded out the top five with 3.5 million.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


6. Wingstop added to Goldman Sachs 'Conviction List' as same-store sales momentum looks sustainableПн, 09 дек[−]

Wingstop Inc. stock rose 5% in Monday trading after it was added to Goldman Sachs' "Conviction List" based on same-store sales momentum and declining delivery fees. Wingstop shares are up 31.3% for the year to date, outpacing the 25.6% gain for the S&P 500 index . Wingstop raised the advertising contribution from franchisees to 4% from 3% in 2019, which, coupled with sales growth, gave the company $20 million more for ad spend, according to Goldman analysts. And Goldman data shows growth in digital sales, with October up 8% month-over-month after a 34% increase in September. There's also been a deceleration in chicken wing prices, an item that takes up 65% of Wingstop's food purchasing. Goldman Sachs rates Wingstop shares buy with a $140 price target.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


7. Conservative lead over Labour narrows in ICM pollПн, 09 дек[−]

The Conservative Party lead over the Labour Party has narrowed to 6 percentage points for the Dec. 12 general election in the U.K., according to the latest ICM poll published by Reuters. The Conservatives, led by Boris Johnson, stayed at 42%, while Labour moved up 1 point to 36%. The general rule of thumb is that a 7-point margin of victory is needed to avoid a hung Parliament. The pound traded at $1.3151, from $1.3138 on Sunday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


8. 3M stock falls after Citi downgradeПн, 09 дек[−]

Shares of 3M Co. are off 1% in morning trading Monday after Citi Research analyst Andrew Kaplowitz downgraded the stock to neutral from buy. "While we think MMM's shorter-cycle end markets could be closer to a bottom and execution seems poised to improve, growing PFAS-litigation related risks could be a lingering overhang that prevents a re-rating to its former premium multiple," he wrote, referring to perfluoroalkyl and polyfluoroalkyl substances. "Given that the science relative to PFAS's actual impact on human health remains not well understood and given that PFAS related litigation is still, in many cases, in the relatively early stages, MMM's ultimate liability remains difficult to quantify." The stock has dropped 10% so far this year, as the Dow Jones Industrial Average has risen 20%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


9. Stocks see modest pullback at open as central banks, trade stay in focusПн, 09 дек[−]

U.S. stocks edged lower at the opening bell on Monday ahead of a busy week packed with meetings by the Federal Reserve and the European Central Bank. Investors are also on the lookout for signs of easing trade tensions ahead of the Dec. 15 deadline for additional duties on Chinese imports. The S&P 500 was down 0.1% to 3,142. The Dow Jones Industrial Average shed 50 points, or 0.2%, to around 27,965. The Nasdaq Composite was up by less than 0.1% to 8,659. Major stock-market benchmark indexes remain less than a single percentage point away from their record closes set on Nov. 27. In company news, shares of Tesla Inc. were in focus after reports said that a Tesla Model 3 crashed while on autopilot.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


10. Travel retailer Hudson announces new store design, mobile appПн, 09 дек[−]

Hudson Ltd. announced a new store design on Monday that will include digital displays and a new mobile app. Hudson shops, which are located across commuter hubs, airports and tourist destinations, will add useful perks for airport travelers starting at major markets in 2020. By mid-year the company will also launch the Hudson Blue mobile app that will push promotions and other information. Hudson stock has fallen 19.3% over the past year while the S&P 500 index is up 19.5% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


11. Former Fed chairman Paul Volcker dies at 92Пн, 09 дек[−]

Paul Volcker, the former Federal Reserve chairman who had a second career pushing for reform on Wall Street, has died at 92, according to numerous reports. Volcker was a legendary Fed chairman at the central bank for his fight against inflation in the late 1970s and early 1980s. Volcker was praised for establishing the Fed's credibility to control inflation. After the 2008 financial crisis, Volcker pushed for reform. He said in his memoir published in the fall of 2018 that he was worried about the impact of money in the political system.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


12. TG Therapeutics shares rise on early-stage clinical dataПн, 09 дек[−]

Shares of TG Therapeutics Inc. gained 16% in premarket trading on positive data from small early-stage studies testing TG-1701 as a standalone therapy in patients with relapsed/refractory non-Hodgkin's lymphoma and chronic lymphocytic leukemia. It also included TG-1701 as one of three experimental drugs developed by the company in a triple combination therapy for the same cancers. TG stock is up 73% year-to-date, compared to the S&P 500 , which has gained 25% during the same period. T

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


13. Chevron stock falls after Citi downgradeПн, 09 дек[−]

Shares of Chevron Corp. are off 0.8% in premarket trading Monday after Citi Research analyst Alastair Syme downgraded the stock to neutral from buy. He wrote that Chevron has been a "relative safe haven" among energy stocks over the past 14 months while the category underperformed, and that Chevron benefited from a strong balance sheet and clear capital-allocation policy. Now, however, he argues the stock's role as a safe haven might be "overplayed." He's worried that the company's cash return on capital invested and return on equity have fallen by as much as many integrated oil peers this year and that the company is facing cost overruns with its Tengiz project. "Both make us concerned that the market (and indeed the company) are being a little complacent," Syme wrote. He cut his price target to $120 from $135 in conjunction with the downgrade. Chevron shares are up 8.5% so far this year, while the S&P 500 has risen 25%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


14. Beyond Meat burgers launch in Sheetz convenience storesПн, 09 дек[−]

Sheetz, a chain of restaurants and convenience stores across the mid-Atlantic, announced a partnership with Beyond Meat Inc. on Monday that will make the plant-based burgers available at all 597 store locations. The Sheetz Beyond Burger can be customized with seven cheese choices, seven bread choices, 20 toppings and 13 spreads, and starts at $6.99. Beyond Meat stock has tumbled 49% over the last three months while the S&P 500 index is up 5.6% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


15. Precision BioSciences stock rises on early-stage CAR-T trial dataПн, 09 дек[−]

Shares of Precision BioSciences Inc. are up 13% in premarket trading after it announced positive results from a small Phase 1 clinical trial for its chimeric antigen receptor (CAR) T cell therapy. Precision, which is developing the drug with a not-for-profit French pharmaceutical company Servier, tested the experimental therapy in patients with Non-Hodgkin lymphoma and B-cell acute lymphoblastic leukemia. "These first-in-human data for PBCAR0191 suggest a tolerable safety profile and encouraging early evidence of clinical activity," Dr. Bijal Shah, an oncologist at the Moffitt Cancer Center in Tampa, Fla., and the trial's clinical investigator, said in a news release. Precision went public earlier this year; its stock is up 144% for the last three months. The S&P 500 has gained 5% during the same period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


16. Impossible Burger will be available at all domestic Elevation Burger locationsПн, 09 дек[−]

Elevation Burger announced Monday that it will begin offering plant-based Impossible Burgers and dairy-free Daiya Cheddar Slices at all domestic locations. Elevation Burger, which is owned by Fat Brands Inc. , is known for serving organic, grass-fed, free-range burgers. Elevation Burger says it has seen success with both items so far. Fat Brands stock is up nearly 12% for the year to date while the S&P 500 index has gained 25.5% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


17. ObsEva shares rise on new data about fibroid treatmentПн, 09 дек[−]

Shares of ObsEva gained 22% in premarket trading on the news that the company' s experimental treatment for women with uterine fibroids met its primary and secondary endpoints in a Phase 3 trial. The drug, linzagolix, is meant to reduce heavy bleeding in those patients. A second late-stage trial is expected to conclude next year, and if those results are also positive, ObsEva plans to submit new drug applications in Europe by the end of 2020 and in the U.S. in the first quarter of 2021. ObsEva stock has dropped 63% year-to-date, while the S&P 500 is up 25%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


18. UnitedHealth's Optum to acquire Diplomat Pharmacy for $4 a share in cashПн, 09 дек[−]

UnitedHealth Group's OptumRx pharmacy care services unit is acquiring specialty pharmacy Diplomat Pharmacy Inc. for $4 a share in cash, the companies said Monday. Diplomat shares closed Friday at $5.81 and the stock tumbled 32% in premarket trade Monday. The stock has fallen 57% in 2019, after it disclosed a "going concern" warning in November as it reported a much wider-than-expected loss for a third straight quarter. Diplomat offers care in specialty medications that treat patients with complex diseases, such as oncology and immunology, and provides specialized infusion therapies in all 50 states and Washington, D.C., according to a release.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


19. Canopy Growth names Constellation Brands' CFO David Klein as CEO, effective Jan. 14Пн, 09 дек[−]

Canopy Growth Corp. said Monday it has named David Klein, chief financial officer at its biggest shareholder, Constellation Brands Inc. , as its chief executive officer, effective Jan. 14. Klein will replace current CEO Mark Zekulin, who will be stepping down and resigning his board seat within a year. Canopy is the cannabis sector market leader, thanks to a $4 billion investment from Corona beer brewer Constellation last year. The company ousted Zekulin's co-CEO and Founder Bruce Linton in July, and initiated a CEO search. Canopy's U.S.-listed shares rose 1.9% premarket, but are down 31% in 2019, while the ETFMG Alternative Harvest ETF has fallen 32% and the S&P 500 has gained 25%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


20. Merck to acquire ArQule for $20 per share in cash or about $2.7 billionПн, 09 дек[−]

Merck & Co. Inc. said Monday it has entered an agreement to acquire ArQule Inc. for $20 a share in cash or an equity value of about $2.7 billion. The deal is expected to close in the first quarter of 2020 and to boost Merck's oncology pipeline. ArQule's lead investigational candidate, ARQ 531, is a novel, oral Bruton's tyrosine kinase (BTK) inhibitor currently in a Phase 2 dose expansion study for the treatment of B-cell malignancies. ArQule shares rose more than 100% on the news in premarket trade, and have gained 249% in 2019 through Friday, while the S&P 500 has gained 25%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


21. World Anti-Doping Agency imposes 4-year ban on RussiaПн, 09 дек[−]

LAUSANNE, Switzerland (AP) - The Russian flag and national anthem were banned from next year's Tokyo Olympics and other major sports events for four years on Monday. Russia's hosting of world championships in Olympic sports also face being stripped after the World Anti-Doping Agency executive committee approved a full slate of recommended sanctions as punishment for state authorities tampering with a Moscow laboratory database. Russian athletes will be allowed to compete in major events only if they are not implicated in positive doping tests or if their data was not manipulated, according to the WADA ruling.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


22. Big U.S. banks' reluctance to lend may have caused repo-market shock: BISПн, 09 дек[−]

An unwillingness among the four leading U.S. banks to lend cash, combined with a surge in demand from hedge funds for secured funding, could explain the spike in U.S. money market rates and the sudden stress in the repo market beginning in September, the Bank for International Settlements said in a report dated Monday. Cash available to banks for short-term needs, also known as the repo market, all but disappeared in September, and some rates shot as high as 10% on certain overnight loans, which forced the Federal Reserve to make an emergency injection of billions of dollars for the first time since the global financial crisis roughly a decade ago. The major banks were not named in the report. The researchers conceded that the exact cause of the sudden stress is unknown but they reasoned that the factors could have ranged from large withdrawals for quarterly tax payments to the knock-on effects of sizeable trades in U.S. Treasuries. The BIS analysts emphasized that a growing over-reliance on the biggest U.S. banks to keep the repo market functioning may have been the leading factor. The Fed's ongoing efforts to shore up the short-term repo lending markets have begun to rattle some market experts, as interventions have stretched to a third month.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


23. Flooring company F5 Finishes files for IPOСб, 07 дек[−]

California-based flooring company F5 Finishes Inc. has filed for an initial public offering, seeking to sell $50.6 million worth of shares, according to a Friday filing. F5 said it expects the stock will price between $9 and $11 a share. The company was founded in 2007 and was inactive until 2017 when it was "repurposed" to acquire six companies providing commercial flooring, according to the prospectus. F5 plans to list on the Nasdaq under the symbol FLRZ. "Our goal is to become the leading commercial flooring solutions provider nationally by capitalizing on industry dynamics that we believe create an attractive consolidation opportunity for us," the company said. F5 listed revenue of $82.4 million in the nine months to September 2018 and $86.6 million in the same period this year. Per-share earnings in those nine-month periods were 12 cents in 2018 and 15 cents this year, F5 said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


24. White House tells Nadler it won't participate in impeachment hearingСб, 07 дек[−]

The White House on Friday slammed House Democrats' impeachment inquiry anew and made clear it won't participate in a Judiciary Committee hearing on Monday. "House Democrats have wasted enough of America's time with this charade," White House counsel Pat Cipollone told Judiciary Committee Chairman Jerrold Nadler in a two-paragraph letter. Cipollone called the inquiry "completely baseless," a day after President Donald Trump urged Democrats to speed up their process so the country can get "back to business."

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


25. Dow closes nearly 340-points higher after jobs report sparks stock-market rallyСб, 07 дек[−]

U.S. stocks closed solidly higher Friday, helping to wipe out or chip away at weekly losses, after an key employment report for November ignited bullish buying on Wall Street, adding to some modest progress toward a partial Sino-American trade agreement. The Dow Jones Industrial Average gained 337 points, or 1.2%, to reach 28,015, the S&P 500 index advanced 0.9% to 3,146, while the Nasdaq Composite Index climbed 1% to 8,656. The moves on Friday were in contrast to trading that started the week after President Donald Trump in London implied that he would wait until 2020 to cement a phase-one trade agreement. For the week, the Dow and the Nasdaq finished down 0.1%, while the S&P 500 notched a 0.2% gain for the 5-day trading stretch. The economy created 266,000 new jobs, the most since January, and the unemployment rote fell to 3.5%, a 50 year low, Labor Department data showed, signaling that the jobs market remains robust even though economic growth has slowed. The government also revised the increase in new jobs in October to 156,000 from 128,000 and September's gain was raised to 193,000 from 180,000. The increase in new jobs easily topped the 180,000 MarketWatch forecast, helped by the end of the General Motors auto-workers strike which added roughly 50,000 jobs to the payrolls number. The unemployment rate slipped to 3.5% from 3.6% and matched a 50-year low. The average wage paid to American workers rose 7 cents, or 0.2%, to $28.29 an hour. The 12-month rate of hourly wage gains slipped to 3.1% from 3.2%. Helping to lift stocks even before the jobs report was news that China's State Council had begun the process on Friday of exempting some soybeans and pork imported from the U.S. from import tariffs, the state-run Xinhua News Agency said, a move taken as a sign of progress on at least a partial trade pact. The action comes about nine days from a Dec. 15 deadline at which import duties on $156 billion in China goods will be raised to 15%. In corporate news, Shares of Apple Inc. surged above its record closing price. The day's gains put the main benchmarks just short of their record closes.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


26. U.S. oil futures post biggest weekly rise since JuneПт, 06 дек[−]

Oil futures settled higher on Friday, with U.S. prices up more than 7% for the week to mark their highest weekly percentage climb since June. Prices got a lift after the Organization of the Petroleum Exporting Countries and its allies announced an agreement to cut production by an additional 500,000 barrels a day starting in January. Including the 1.2 million barrels in reductions under the current pact, that will bring total output cuts to 1.7 million barrels a day from October 2018 levels. Even so, analysts said concerns surrounding a slowdown in oil demand remain. Meanwhile, Baker Hughes reported a seventh straight weekly decline in the number of active U.S. rigs drilling for oil. January West Texas Intermediate oil rose 77 cents, or 1.3%, to settle at $59.20 a barrel on the New York Mercantile Exchange. For the week, the U.S. benchmark rose 7.3%, the biggest such rise since the week ended June 21, according to FactSet data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


27. GE to keep its quarterly dividend at a penny a shareПт, 06 дек[−]

General Electric Co. said Friday it will pay a quarterly dividend of a penny a share, which means the industrial conglomerate will be keeping it at that lowered rate for over a year. The dividend will be payable Jan. 27 to shareholders of record on Dec. 23. GE's stock was up 2.0% in afternoon trading. At current prices, the stock's dividend yield is 0.36%, compared with the yield for the SPDR Industrial Select Sector ETF of 1.94% and the implied yield for the S&P 500 of 1.89%, according to FactSet. GE had slashed its dividend to a penny per share from 12 cents last year in an effort to preserve cash. That first 1-cent dividend was paid out on Jan. 25, 2019 to shareholders of record Dec. 20, 2018. GE's stock has run up 55.8% over the past 12 months, while the industrial ETF has gained 16.1% and the S&P 500 has advanced 16.8%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


28. Gold prices fall for the session, tally a loss for the weekПт, 06 дек[−]

Gold prices fell by more than 1% on Friday, as better-than-expected November growth in U.S. jobs supported a rise in the stock market and the dollar, dulling haven demand for the precious metal. February gold lost $18, or 1.2%, to settle at $1,465.10 an ounce, with prices for the most-active contract losing roughly 0.5% for the week, according to FactSet data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


29. Baker Hughes data show a 7th straight weekly decline in the U.S. oil-rig countПт, 06 дек[−]

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil fell by five to 663 this week. That followed declines in each of the last six weeks. The total active U.S. rig count, meanwhile, also fell by three to 799, according to Baker Hughes. Oil prices held onto their earlier gains, with January West Texas Intermediate crude up 52 cents, or 0.9%, at $58.95 a barrel.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


30. 3M's stock surges to pace Dow gainers after report that drug delivery business was being shoppedПт, 06 дек[−]

Shares of 3M Co. ran up 3.8% in midday trading Friday, enough to pace the Dow Jones Industrial Average's gainers, after Bloomberg reported that the consumer and industrial products conglomerate is exploring the sale of its drug delivery systems business. 3M's stock price gain of $6.28 was adding about 43 points to the Dow, which was up 329 points. The Bloomberg report, which cited people with knowledge of the matter, said the drug delivery business, which makes inhalers, skin patches and microneedles, could be valued at about $1 billion. 3M's stock has lost 10.4% year to date, while the Dow has climbed 20.1%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



 
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