The daily business briefing: July 11, 2022
Leaked Uber files indicate company used covert tech to thwart raids, Abbott Labs restarts baby-formula factory, and more
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Leaked Uber files indicate company used covert tech to thwart raids, Abbott Labs restarts baby-formula factory, and more
Damage from severe thunderstorms had halted Sturgis plant operations in mid-June after just two weeks of renewed production.
Abbott Nutrition was forced to pause production of baby formula at a Michigan manufacturing facility due to severe weather in the area that brought high winds, hail and power failures to where the factory is located in Sturgis, Michigan. The company expects production and distribution to be delayed for a few weeks as it cleans the plant, which had just restarted production after being closed for several months, contributing to the national baby formula shortage. The company said that production for Abbott's EleCare specialty formula has been suspended, but there is enough supply to meet d...
Kamala Harris greeted a shipment of baby formula brought from overseas amid shortage and said by Father's Day, 13M eight-ounce bottles will have been brought in with 'Operation Fly Formula.'
Production for Abbott's EleCare specialty formula has been suspended, but there is enough supply to meet demand until production is restarted.