3M Company closed more than 5% as it closes in on a more than $5.5 billion deal to settle over 300 lawsuits, alleging that the company sold the U.S. military defective earplugs, Bloomberg reported Sunday, citing sources familiar with the deal.
Tropical storm Idalia is expected to strengthen and make landfall along Florida's Gulf Coast by Wednesday as a hurricane.Boston Scientific reported positive results from a clinical trial for its pulsed field ablation system -- used to remove heart tissue that causes abnormal heartbeats – to treat patients with atrial fibrillation, sending its share up 6%.
The positive results from the company’s system represent another “potential blockbuster product with exposure to a high growth market,” UBS said. “We remain bullish on the large and growing atrial fibrillation market opportunity that pulsed field ablation can address,” it added.Market direction will be dominated by top-tier economic data this week including the fresh inflation data and the July monthly jobs report slightly for Thursday and Friday.
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