Bond.az White LogoBond.az Black Logo

Australia sues 3M for $1.4 billion over PFAS

Australia sues 3M for $1.4 billion over PFAS forever chemicals contamination. Read more on Bond.az.

Benjamin Moore
ByBenjamin Moore- Senior Editor
|
0

The Australian government has launched legal action against 3M over contamination from firefighting foam containing PFAS, seeking more than A$2 billion ($1.43 billion) in damages.

Attorney-General Michelle Rowland called the lawsuit significant, reflecting the environmental and economic costs of contamination.

The government alleges 3M withheld testing showing adverse environmental effects.

3M said it would defend itself, noting it stopped selling the products in Australia two decades ago.

More News
Today / 03:38
|
501

China auto industry unlikely to return to golden era: NIO CEO

NIO CEO William Li says China's auto industry has passed its golden era, with domestic sales declining and stagnation expected by 2026.

0
Today / 03:34
|
798

Synopsys raises 2026 forecast on AI chip demand

Synopsys raises fiscal 2026 forecast on strong AI chip design demand. Revenue guided at $9.63-$9.71 billion. Activist investor gets board seat.

0
Today / 03:03
|
877

US regulator moves to withdraw $5 million penalty against Winklevoss crypto exchange

The CFTC is seeking to withdraw a $5 million penalty against the Winklevoss twins' crypto exchange Gemini, citing changed enforcement policies.

0
Today / 01:30
|
748

US funds set aside cash as SpaceX, OpenAI IPOs loom

US funds increase cash reserves and adjust portfolios ahead of SpaceX and OpenAI IPOs, with new index rules speeding up benchmark inclusion.

0
Today / 00:01
|
252

Google Engineer Charged in Polymarket Insider Trading

U.S. Justice Department charges Google engineer with insider trading on Polymarket, earning $1.2 million in profits using confidential search data.

0
Yesterday / 23:03
|
267

Washington chemical blast: 11 feared dead

Washington chemical tank implosion leaves 11 feared dead; recovery operation underway. Environmental impact assessed.

0
Yesterday / 22:30
|
849

Wells Fargo CEO sees mid-teens growth in IB, trading

Wells Fargo CEO Charlie Scharf expects mid-teens growth in investment banking and trading revenue in Q2, with low double-digit growth in wealth management.

0
Yesterday / 21:32
|
223

Greenwave Tech falls on second Nasdaq delisting notice

Greenwave Technology shares drop 2.9% after second Nasdaq delisting notice over delayed filings. The company faces potential delisting risk.

0
Yesterday / 21:30
|
440

Colombia stocks fall: COLCAP down 1.51%

Colombia stocks closed lower with COLCAP down 1.51%. Sector losses and top/bottom performers detailed.

0
Yesterday / 20:34
|
527

Synopsys reaches settlement with Elliott, Cohn to join board | Bond.az

Synopsys agrees with activist investor Elliott to give Jesse Cohn a board seat. The $100B chip design firm's stock rose 20% since Elliott's involvement.

0
Yesterday / 20:32
|
995

Salesforce Beats Q1 Revenue Estimates

Salesforce beats Q1 revenue estimates driven by AI demand. Agentforce service positions company as an AI agent provider.

0
Yesterday / 20:04
|
762

United Airlines CEO rules out consolidation push

United Airlines CEO Scott Kirby says no merger activity after American Airlines rejection.

0
...