3M raises earnings outlook amid turnaround; shares up 7.7%

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3M Co. raised its profit forecast for the second straight quarter on Tuesday as Chief Executive Officer Bill Brown’s effort to revitalize the conglomerate gains traction despite ongoing challenges from economic volatility.

William Brown

Adjusted earnings will be $7.95 to $8.05 a share, up from a prior range that topped out at $8, the Maplewood-based company said in a statement Tuesday that revealed better-than-expected quarterly results. Analysts had predicted $7.94 on average in estimates compiled by Bloomberg. Total sales will grow more than 2.5%.

The improved outlook suggests Brown’s turnaround plan for the company remains on track in the face of global tariffs and unsteady demand. Since taking the helm last year, the CEO has been pushing to change working practices and reignite organic sales growth, in part with new products, while shifting production and making pricing changes.

3M joined other major manufacturers boosting guidance Tuesday, including General Motors and General Electric, suggesting resilience in certain segments of corporate America even as concerns grow around the broader economy.

Shares of 3M rose 7.7% Tuesday. The stock gained 20% this year through Monday, compared with a 15% increase in the SP 500 Index.

Adjusted third-quarter earnings were $2.19 a share, the company said. That compares with the $2.07 average of analyst estimates compiled by Bloomberg. Adjusted operating margin, a key metric for the company, was 24.7%.

Turnaround Effort

3M has struggled for years with potentially costly legal claims related its past manufacturing of so-called forever chemicals. Under Brown, the company has tried to settle some actions and remove the overhang that has weighed on the stock.

It has also sought to improve its safety record, how its satisfies orders and how it makes each product in its sprawling portfolio. Brown and other executives review business lines and factories regularly to increase efficiency.

Brown is now beginning efforts reshape 3M in earnest. The company is planning to sell billions of dollars of assets from its safety and industrial arm as it looks to exit lower growth businesses, Bloomberg reported this month. That unit, which includes divisions such as industrial adhesives and personal safety equipment, generated about $11 billion in revenue last year.

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Anthony Edwards questionable for Timberwolves season opener

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The Timberwolves open their season Wednesday night in Portland.

Will Anthony Edwards be on the court for it?

Edwards was healthy throughout the team’s training camp, but popped up as questionable on Minnesota’s injury report Tuesday with back spasms.

As the season progresses, Edwards frequently carries the questionable tag on pre-game injury reports. But rarely does it result in the guard missing time. He has played 79 out of 82 games in each of the past three seasons.

This injury update is more notable on the eve of the season opener.

Edwards was questionable with back spasms in March 2024 ahead of a bout with Denver. He played and scored 25 points in a contest the Wolves won by 13.

Chess grandmaster Daniel Naroditsky is remembered as a leader in the game’s online surge

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By HANNAH SCHOENBAUM and COREY WILLIAMS

Daniel Naroditsky, a standard-bearer in the world of competitive chess that flourished in the COVID-19 pandemic, died Monday at the age of 29, leaving behind a legacy as one of the greats of the game who helped usher in its digital era.

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The American grandmaster won several championships and amassed hundreds of thousands of subscribers on YouTube, Twitch and other platforms, where he would livestream matches and explain strategy in real time. But he also struggled with the cyberspace he helped build.

High-speed games became wildly popular online during the pandemic, creating a chess community that was soon rife with cheating allegations as players gained access to sophisticated computer programs that could give them an unfair advantage.

Naroditsky’s untimely death has shined a spotlight on the dark underbelly of the game that fellow pros say brought undue criticism and hostility upon the chess star in his final months.

His cause of death has not been released.

Legacy of integrity

Naroditsky had been dogged by unsubstantiated claims of cheating from Russian grandmaster and former World Chess Champion Vladimir Kramnik, whom Naroditsky had called one of the “heroes” he looked up to as a young player.

The California-born pro had denied the claims as he excelled at blitz and bullet chess, where players have mere minutes to finish intense matches. He was vocal about how the allegations took a toll on him.

“Ever since the Kramnik stuff, I feel like if I start doing well, people assume the worst of intentions,” Naroditsky said Saturday in the last livestream he filmed before his death. “The issue is just the lingering effect of it.”

He ruminated about his legacy and hoped other top players would trust that he played with integrity.

Grandmasters and other chess pros from around the world have applauded Naroditsky as an honorable ambassador of the game who used his online platform to make chess accessible to everyone. His family said in a statement that they hope he will be remembered for the joy and inspiration he brought people every day.

Naroditsky became a grandmaster, the highest title in chess aside from World Chess Champion, at the age of 18. He was consistently ranked in the top 200 worldwide for traditional chess, and he won the U.S. National Blitz Championship in August. He spent much of his time training young players in Charlotte, North Carolina.

This undated photo released by Charlotte Chess Center shows Daniel Naroditsky playing chess on the board. (Kelly Centrelli/Charlotte Chess Center via AP

“Daniel was an incredible teacher and explainer of chess and concepts and ideas,” said Daniel Weissbarth, co-owner of Silver Knights Chess Academy in Fairfax, Virginia.

Arkady Dvorkovich, president of the International Chess Federation, said the organization will establish a prize in memory of Naroditsky and his contributions to chess. Dvorkovich described the young grandmaster as brilliant, kind and a truly good person.

Blame game

Many pros this week called for an end to the constant finger-pointing that seemed to follow players like Naroditsky who thrived in fast-paced play.

Kenneth Regan, a chess international master and computer science professor at the University at Buffalo, said the opportunity to cheat has exploded as the cerebral sport has shifted online. There are ways to police the game online, but Regan said they are intrusive.

“The rate of cheating online is 100 to 200 times higher than the rate over the board,” Regan said. “From my point of view, there are five to 10 cases per year over the board.”

The popular internet chess server Chess.com shut down Kramnik’s blog on the site in 2023, saying he had used it to spread baseless cheating allegations about “many dozens of players.” At the time, the platform warned of “Kramnik’s escalating attacks” against some of the most respected members of the chess community and some promising young talents.

The speedy style of play popularized in chess’ digital arena is somewhat reliant on the honor system.

Top talents analyze the board so quickly and move with such precision that cheating allegations have become common. Bullet chess is so fast, Regan said, that it’s essentially “playing chess entirely with your gut.”

Nurturing young talent

Last week, Naroditsky posted a video on his popular Speedrun chess series on YouTube, telling viewers he was “back, better than ever” after a short “creative break.” His videos, in which he gave tips and discussed strategy, were great tools for chess players of various abilities, said Benjamin Balas, professor of psychology at North Dakota State.

“He would tell you ‘This is the kind of mistake you’re going to see at this level,’ and he would make mistakes, too, and talk to you how to manage them,” Balas said.

Other grandmasters such as Hikaru Nakamura and five-time World Chess Champion Magnus Carlsen are using social media to take chess to a wider audience, increasing its popularity around the world.

“People, they see Daniel or other streamers and they start to play online chess,” said John Hartmann, editor of Chess Life magazine. “The streaming personalities, they lead people into the chess world.”

Carlsen credited Naroditsky for his work in the streaming space, saying he was universally loved and “such a resource to the chess community.”

An elephant family smashed pumpkins at the Oregon Zoo. But this baby just wanted to play ball

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PORTLAND (AP) — A baby elephant at the Oregon Zoo had more tricks than treats to show when handlers gave it a small pumpkin to play with during an annual fall event where giant elephants smash half-ton pumpkins.

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Weighing just 775 pounds, eight-month-old Asian elephant Tula-Tu is about the heft of one of the giant pumpkins so is too small to smash them. Instead, zoo handlers gave her a small pumpkin to practice with. The little elephant dribbled the gourd around like a soccer ball, a video from the zoo shows.

Her elephant family at the Oregon Zoo enjoyed the large pumpkins on Oct. 16 at the annual “Squishing of the Squash,” a tradition that goes back to 1999 when a farmer donated a pumpkin weighing 828 pounds. The donated pumpkins have gotten bigger, around 1,000 pounds this year, thanks to competitive hobbyists at the Pacific Giant Vegetable Growers Club.

To break open the gargantuan gourds, zookeepers present them to Tula-Tu’s adult relatives like her brother and father who weigh slightly over 10,000 pounds. In a video from the zoo, they appear to delicately place one foot at the top, and gently press down. The pumpkins crack with a loud pop, sending rind and seeds flying.

Past years’ videos have shown midsized, young elephants putting both feet on top of the pumpkins but being too light — or lacking technique — so the giant vegetables don’t burst.

This year the adults elephants smashed the massive pumpkins in front of a cheering crowd of zoo visitors, and then the family of elephants ate the many tons of squash fragments.

Asian elephants like Tula-Tu and her family are considered highly endangered, according to Oregon Zoo officials. There is a fragmented population of around 40,000 to 50,000 such elephants in the wild in places ranging from India to the Malaysian island of Borneo. But there have been successful conservation milestones in recent years, including in Cambodia.