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Company News for Aug 29, 2023

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  • Shares of 3M Company ((MMM - Free Report) ) jumped 5.2% on reports that the multinational conglomerate was approaching a settlement agreement valued at around $5.5 billion plan to resolve over 300,000 lawsuits linked to defective military earplugs.
  • JD.com, Inc.’s ((JD - Free Report) ) shares rose 2.6% after the Chinese government said that it would cut tax on stock trades to boost its stock market.
  • Shares of RPT Realty () surged 17.4% on news that the company will be acquired by Kimco Realty Corporation ((KIM - Free Report) ) for $2 billion in stock.
  • Boston Scientific Corporation’s ((BSX - Free Report) ) shares gained 6% after the company announced positive results regarding its treatment for patients afflicted with atrial fibrillation, or irregular heartbeats.

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