'Big price to pay!': Trump blasts 3M after ordering the N95 mask maker to boost US production
'Big price to pay!': Trump blasts 3M after ordering the N95 mask maker to boost US productionPresident Donald Trump blasted 3M in a tweet on Thursday night, suggesting the maker of N95 respiratory masks was dropping the ball as novel coronavirus rages across the US.."Big surprise to many in government as to what they were doing — will have a big price to pay!"
While 3M has doubled production to 100 million masks a month since January, demand continues to outstrip its capacity.President Donald Trump slammed 3M on Thursday night, suggesting the maker of N95 respiratory masks — the gold standard for healthcare providers facing a deluge of novel coronavirus patients — was dropping the ball.
"Big surprise to many in government as to what they were doing — will have a big price to pay!" he added.stock slid about 3% in pre-market trading, wiping more than $2 billion from its market capitalization. The decline outpaced a 1.3% drop in Dow Jones Industrial Average futures.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump says 3M 'will have a big price to pay' over face masksPresident Donald Trump slammed 3M Co in a tweet late on Thursday after earlier announcing he was invoking the Defense Production Act to get the company to produce face masks.
Read more »
Trump campaign sends letter to Sessions demanding he stop invoking TrumpPresident Donald Trump's campaign has sent a letter to Jeff Sessions demanding the former attorney general stop using Trump's name in his campaign materials for his US Senate bid.
Read more »
Trump campaign demands Sessions stop 'misleadingly' tying himself to Trump amid Senate bidPresident Donald Trump's campaign is calling on former Attorney General Jeff Sessions to stop 'misleadingly' tying himself to the president amid his Senate bid.
Read more »
Exclusive: Larry Ellison Reveals His Big Data Battle Plan To Fight Coronavirus In Partnership With Trump White HouseIn a rare interview, the world's fifth-richest person and Oracle founder talks about the president, the pandemic and his $300 million bet to turn his Hawaiian island into a wellness laboratory.
Read more »
Claire McCaskill says Trump hasn’t stopped ‘price gouging’ with medical suppliesFmr. Sen. McCaskill says the president should invoke his executive power to set prices on masks and ventilators, but hasn't because his admin. is reluctant to interrupt commerce.
Read more »
Exclusive: Larry Ellison Reveals His Big Data Battle Plan To Fight Coronavirus In Partnership With Trump White HouseIn a rare interview, the world's fifth-richest person and Oracle founder talks about the president, the pandemic and his $300 million bet to turn his Hawaiian island into a wellness laboratory.
Read more »