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The Federal Trade Commission (FTC) has launched an inquiry into the ongoing infant formula shortage in the country, seeking information on any unfair business practices aimed at exploiting the consumers, the agency announced on Tuesday. "We have been monitoring and will continue to ...
French food and beverage company Danone S.A. (OTCQX:DANOY) (OTCQX:GPDNF) has increased its shipments of infant formula to the U.S. from Europe as the country grapples with a baby formula shortage worsened by a recent product recall of Abbott (ABT), Reuters reported on Friday. Early ...
President Biden Wednesday evening invoked the Defense Production Act to increase supplies of baby formula during an unprecedented shortage. Specifically, Biden is mandating that manufacturers "direct needed resources to infant formula manufacturers before any other customer who may have order...
U.S. FDA Commissioner Robert Califf will appear before a subcommittee of the House Appropriations Committee on Thursday to answer questions regarding the nation's baby formula shortage. He is also slated to discuss the FDA's fiscal year 2023 budget request. Califf will be back on Capitol Hill...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Abbott Laboratories (NYSE: ABT ) has reached a deal with the U.S. Food and Drug Administration that allows it to restart its baby formula manufacturing plant The development should help to alleviate a shortage of b...
The U.S. FDA early Monday evening issued guidance that will allow international manufacturers of baby formula to export their product to the U.S. The agency said it has now put "flexibilities" in place to allow this to happen in the face of a nationwide shortage of formula. In addition, ...
The Biden administration is working to provide baby formula manufacturers with government transportation and logistics support to address the ongoing nationwide shortage, Bloomberg reported on Monday. The officials are also in talks with raw material suppliers of formula makers...
Perrigo (NYSE:PRGO) CEO Murray Kessler said that the country's current shortage of infant formula will persist the "balance of the year," he told Reuters. He added that its manufacturing facilities are running at 115% of capacity. The company is also working with retailers including Walm...
The House Oversight Committee of the U.S. Congress is launching an investigation into the ongoing shortage of baby formula products across the country, ABC News reported on Friday. In letters addressed to four of the largest manufacturers, Abbott (NYSE:ABT), Mead Johnson Nutrition o...
Update: The White House announced a raft of measures to alleviate the ongoing baby formula shortage across the country. The announcement follows a virtual meeting held by President Joe Biden with heads of the companies including Reckitt Benckiser (OTCPK:RBGPF) (OTCPK:RBGLY), Target Corpo...
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Klepierre (KLPEF) is expected to report for Q4 2023 comScore Inc. (SCOR) is expected to report $0.8 for Q4 2023 Universal Stainless & Alloy Products Inc. (USAP) is expected to report for Q4 2023 FAT Brands Inc. (FAT) is expected to report $-1.55 for Q4 2023 Jet.AI Inc. (JTAI) ...
Reckitt Benckiser Group Plc ADR (RBGLY) is expected to report for Q4 2023