The Oceania Times

Top Menu

  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

Main Menu

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

logo

The Oceania Times

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • Asian shares fall as investors brace for inflation report

  • A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

  • Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

  • The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

  • South Korean won, Philippines peso lead losses among subdued Asian currencies

Australian Economy
Home›Australian Economy›White House announces import of baby formula from Australia

White House announces import of baby formula from Australia

By Megan
May 27, 2022
20
0
Share:

Check out what’s clicking on FoxBusiness.com.

The White House announced that 1.25 million cans of baby formula will be headed to the United States from Australia beginning in the coming weeks and months.

In an announcement made on Friday afternoon, the U.S. Food and Drug Administration announced that the shipment, manufactured by Bubs Australia, will arrive in the United States “in the coming weeks and months.”

The total shipment is equivalent to 27.5 million full-size, 8-ounce bottles of baby formula, according to the FDA, and contains “several varieties” of baby formula such as “stage 1 and 2 cans of Bubs Organic Grass Fed, Bubs Supreme A2 Beta-Casein Protein and Bubs Easy-digest Goat Milk.”

The announcement comes amid a deepening baby formula shortage within the United States, with the out-of-stock rate for baby formula rising to 70% nationwide for the week ending May 22, compared to a 45% out-of-stock rate for the week prior.

BABY FORMULA SHORTAGE: OUT-OF-STOCK RATES SURGE TO 70%

Formula shelves

Shelves typically stocked with baby formula sit mostly empty at a store in San Antonio, Tuesday, May 10, 2022. Parents across the U.S. are scrambling to find baby formula because supply disruptions and a massive safety recall have swept many leading (AP Photo/Eric Gay / AP Newsroom)

The nationwide baby formula shortage has escalated recently due to a voluntary recall by Abbott Nutrition of specific powdered formulas that were made at its Sturgis, Michigan, facility after four complaints that four babies who consumed products made from the plant got sick with a bacterial infection, and two of them died. 

ABBOTT RECALLS SIMILAC, OTHER BABY FORMULAS AFTER 4 REPORTED ILLNESSES

Baby formula shortage

A due to limited supplies sign is shown on the baby formula shelf at a grocery store Tuesday, May 10, 2022, in Salt Lake City. Parents across much of the U.S. are scrambling to find baby formula after a combination of supply disruptions and safety re (AP Photo/Rick Bowmer / AP Newsroom)

Abbott Nutrition said in a statement on May 11 that it could be months before stock from its Sturgis, Michigan plant will reach store shelves after a voluntary recall forced the company to cease operations at the facility. The plant originally closed in February. Abbott has said none of the infant deaths have been linked to any product made at the Sturgis plant.

The plant is expected to restart production on June 4 and is projecting that products from the plant will not be on store shelves until at least mid-July.

When questioned by U.S. House lawmakers on Wednesday, he apologized for the disruption but avoided answering questions about the Sturgis plant.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

baby formula shortage

Empty store shelves in Columbus, Ohio, as parents panic over worsening baby formula shortage.  (FOX Business / Fox News)

“We let you down,” said Calamari. “We are deeply sorry.”

FOX Business’ Daniella Genovese contributed to this report

Source link

Previous Article

Retail Stocks’ Rebound Is Reason to Cheer

Next Article

METALLA ANNOUNCES UPDATED AT-THE-MARKET EQUITY PROGRAM

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Megan

Related articles More from author

  • Australian Economy

    Gas producers accuse ACCC of demonising them to justify export control

    August 1, 2022
    By Megan
  • Australian Economy

    Ukraine war, soaring costs shake Australia farmer confidence – survey

    June 14, 2022
    By Megan
  • Australian Economy

    Jobs summit to discuss burning economic questions as Costa results sour and Musk bails out of Twitter deal

    July 11, 2022
    By Megan
  • Australian Economy

    The case for investment in improved digital infrastructure to grow the Indigenous economy

    July 7, 2022
    By Megan
  • Australian Economy

    Wine as scapegoat in trade disputes means con

    May 28, 2022
    By Megan
  • Australian Economy

    More rate hikes to come as investors brace for Twitter, Netflix reports

    July 18, 2022
    By Megan

Leave a reply Cancel reply

You may interested

  • Currencies

    EM currencies turn to losses

  • Brokers

    Lev Brokers Secure $11.7 Million Bridge Refinance Deal for Houston Multifamily Apartment Complex

  • Financial Market

    Pressure builds on riskiest corner of US junk bond market

  • LATEST REVIEWS

  • TOP REVIEWS

Timeline

  • August 10, 2022

    Asian shares fall as investors brace for inflation report

  • August 10, 2022

    A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

  • August 10, 2022

    Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

  • August 10, 2022

    The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

  • August 10, 2022

    South Korean won, Philippines peso lead losses among subdued Asian currencies

Best Reviews

Latest News

Stock Shares

Asian shares fall as investors brace for inflation report

People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik Register now for FREE unlimited access ...
  • A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

    By Megan
    August 10, 2022
  • Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

    By Megan
    August 10, 2022
  • The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

    By Megan
    August 10, 2022
  • South Korean won, Philippines peso lead losses among subdued Asian currencies

    By Megan
    August 10, 2022
  • Recent

  • Popular

  • Comments

  • Asian shares fall as investors brace for inflation report

    By Megan
    August 10, 2022
  • A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

    By Megan
    August 10, 2022
  • Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

    By Megan
    August 10, 2022
  • The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

    By Megan
    August 10, 2022
  • Asian shares fall as investors brace for inflation report

    By Megan
    August 10, 2022
  • Australian economy survived Covid better than most but recovery could slow, OECD says | Australian ...

    By Megan
    September 14, 2021
  • The Best Online Brokers, According to 5 Financial Experts

    By Megan
    September 14, 2021
  • Is Disaster Looming for Australia’s Economy?

    By Megan
    September 29, 2021

Trending News

  • Stock Shares

    Asian shares fall as investors brace for inflation report

    People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik Register now for FREE unlimited access ...
  • Gold and Precious Metals

    A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

    A-Mark Precious Metals (NASDAQ:AMRK – Get Rating) and Maison Luxe (OTCMKTS:MASN – Get Rating) are both small-cap consumer discretionary companies, but which is the superior business? We will compare the ...
  • Stock Shares

    Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

    Asian markets started on a negative note following a retreat in Wall Street. This was mostly due to the caution ahead of US inflation data that will shape nvestor expectations ...
  • Australian Economy

    The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

    How Reserve Bank boss getting LAUGHED at on the world stage will radically change Australia’s economy The Australian Bureau of Statistics is trialing a new monthly inflation data series Reserve ...
  • Currencies

    South Korean won, Philippines peso lead losses among subdued Asian currencies

    BENGALURU (Aug 10): Most Asian currencies were subdued on Wednesday, while most stock markets in the region fell, tracking losses on Wall Street, as investors awaited US inflation data later ...
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© Copyright The Oceania Times. All rights reserved.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.