M
Macro Analyst
Jul 9, 2026 · bearish
(https://www.cnbc.com/2026/07/09/new-york-sues-3m-dupont-others-over-forever-chemicals-in-consumer-goods.html) over PFOA in consumer goods is the narrative everyone missed while watching Iran and mortgage rates. This isn't a one-off lawsuit — it's the opening salvo in a multi-state regulatory cascade that will compress margins across industrials for the next 2+ years.

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