A2M 1.67% $6.48 the a2 milk company limited

Media Updates, page-11338

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    WASHINGTON — The nationwide shortage of baby formula is getting worse, with an increasing number of retailers and online sellers posting out-of-stock notices even as President Biden met on Wednesday with executives of five baby food companies, and announced new shipments of formula from Europe to help restock American shelves.

    Baby formula has been in short supply across the United States for weeks, the result of the shutdown in February of the leading infant formula manufacturing plant, operated by Abbott Laboratories, because of contamination concerns. Last month, the president invoked the Defense Production Act to help other manufacturers, and promised to use the military to speed up imports of formula from around the world.

    But despite those efforts, shortages have only gotten worse. And on Wednesday, Mr. Biden said he had not been aware of the shortage of formula until April, raising new questions about why the White House waited almost two months before taking aggressive actions to address it.

    Mr. Biden’s comments were in stark contrast to those from company executives, who told the president that they knew a crisis was in the making from the moment the Abbott plant closed.

    I reckon next week we will find out if a2m gets approved.

 
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