Pres. Trump slams 3M (NYSE:MMM) in a tweet
last night, saying his administration “hit 3M hard today after seeing
what they were doing with their masks… will have a big price to pay,”
without further elaboration.
Trump apparently was referring to a Fox News report
featuring the head of Florida’s Division of Emergency Management
accusing 3M of shipping N95 masks to foreign countries who outbid U.S.
buyers, while U.S. hospitals and state officials scramble to secure
protection for healthcare workers fighting the coronavirus.
Trump earlier announced he was invoking the Defense Production Act to get the company to produce face masks.
https://seekingalpha.com/news/3558077-3m-will-big-price-to-pay-over-masks-trump
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