Why Abbott plant closure drove global baby formula shortage
The Abbott Nutrition plant in Sturgis Michigan remained shut over contamination concerns fueling a nationwide formula shortage. Regulators approved a restart, but timing unclear. A recall, investigation findings, and plant defects elevated urgency for FDA inspections, imports, and funding.
Unclear links seen in four infant illness cases
Four illnesses reported in Ohio Minnesota and Texas between September and January prompt ongoing FDA inquiry. Officials say a final ruling on plant problems and link to infections is not yet possible. FDA Commissioner Califf cites factors hindering a definitive statement while Susan Mayne notes limited samples hinder causality assessment. Abbott says lack of strain match suggests no link to their formula.
MENTIONED IN THIS ARTICLE
Abbott
Food and Drug Administration
Ohio
Minnesota
Texas
FDA
Robert Califf
Susan Mayne
Abbot
Powell says Fed will hike rates until inflation falls
Fed Chair Jerome Powell says the central bank will keep raising the policy rate until clear and convincing evidence shows inflation is moderating, even if it risks a recession. Markets rebound as retail sales rise and major indices gain despite earlier fears.
MENTIONED IN THIS ARTICLE
Federal Reserve
Powell
Washington
Jerome Powell
Fed
Wall Street Journal
Senate
Wall Street
Treasury Note
Also Mentioned on This Page
Matthew Perrone
Associated Press
Abbott Nutrition
U.S
Sturgis
Michigan
Similac
Centers For Disease Control and Prevention
House
United States
Rosa DeLauro
Appropriations Committee
DeLauro
House Appropriations Committee
Kay Granger
GOP
Roy Blunt
R-Mo
Biden
Europe
Blunt
Nestlé
Gerber
Netherlands
Switzerland
Christopher Rugaber
New York
Apple
Microsoft
Treasury
Sylvia Jablonski
Defiance Etfs
Dow
Abbott Laboratories
Jpmorgan Chase
Paramount
Warren Buffett
Berkshire Hathaway
Commerce Department
Chris Zaccarelli
Independent Advisor Alliance
Walmart
Target
Bath & Body Works
Kroger
the Market IN Review
Dow Jones
S&p 500
Dow Industrials
Dow Transportation
Dow Utilities
NYSE
Nasdaq
S&p
Wilshire
Russell
Naspaq
Annaly
EnthusGm
Albireo
Biomen
BensonHl
Apple Inc
JumiaTch
AssureHln
SunlFin
Hipkenrn
Nvidias
TenonMdn
MultiAuto
YellowCp Btcs
SoFiTech
Penre
Sucha Amd
MultiAute
At&t Inc
Newell Br
AMD
NiSource
AffirmHld
NokiaCp
AgitFree
Alibaba
Northropg
Nu Hidg
Allena Ph
Amber
OcciPet
Améiilines
OwensCorn
Apple Incs
Palantir
BcoBrad
Paramat
PepsiCo
BkofAm
Petrobras
BedBath
PioneerPw
CSX S
Carnival
PlugPowrh
Cedarf
Cisco
RiviaAu An
Rebahd An
Citigroup
Coca Cola
Snapinc A
FirstEngy
Fordm
SnstinEngy Frotmicm Square
GenElec Rs
Sundial H
Target Ae
HomeDp
Tesla Inc
HuntBnesh
Qlyl
TilrayBr
deraPh A
Transcen
Twitter
mprlPeten
Uber Tch
Ntel
UraniumEn
Nvacare
Vale SA
Tauunh
VerizonCm
Jd.com
Vera Inc
Vroom
Keycorp
Wbrodis An
Kohls
incNat
WellsFargo
McDalds
Wendys Co
YumBrads
Zynga
Exch
Lt Sweet Crude
Nymx Dun
NYMX
New York Mercantile Exchange
CBOT
ICE
Chicago Board of Trade
CME
Chicago Mercantile Sugar (World) Exchange
Intercontinental Exchange
Mutua
AmrcnBalAm
CptWidGrincAm
FdmillavsAm
Grfamrca m
Incamrca m
Inccamrca m
Nwprspctva m
Wamtinvsam
Dodge & Cox Incl
Dodge & Cox
Fidelity BC Growth
Fidelity Contrafund
Fidelity
PIMCO
Vanguard 500IdxAdmil
Vanguard
Vanguard EqincAdmrl
Vanguard GrldxAdmrl
Vanguard Intiteadmrl
Vanguard Prmcopadmrl
Doe
SEC
The