ABT - Nestlé exporting baby formula from Europe to alleviate shortage - WSJ

Nestlé (OTCPK:NSRGF) (OTCPK:NSRGY) is shipping via air its Gerber Good Start Extensive HA produce in the Netherlands and Alfamino made in Switzerland to address an ongoing baby formula shortage in the U.S. The Swiss company has also ramped up production of baby formula, The Wall Street Journal reported. On Monday, the U.S. FDA and Abbott (ABT), the nation's top baby formula producer, reached an agreement to restart a Michigan plant. The agency also released guidance allowing foreign companies to export baby formula.

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Nestlé exporting baby formula from Europe to alleviate shortage - WSJ