FTC investigates America's baby formula shortages [CNN]
Abbott Laboratories (ABT)
Last abbott laboratories earnings: 4/16 07:30 am
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abbott.com/investors.html
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Source: CNN
New York CNN — The agency, according to documents posted on the agency's website, is looking into whether Abbott Laboratories and other formula manufacturers have “engaged in collusion or coordination with any other market participant regarding the bidding” for state contracts. Additionally, the FTC is investigating whether company coordination affected sales more broadly, outside of the Women, Infants and Children (WIC) formula-supply program. The Wall Street Journal was first to report on the probe. Abbott said in an email to CNN that the company is cooperating with the FTC's requests. The company also pointed to its earlier response on March 16 to the FTC in which the company said, “Abbott is unaware of any factual basis to support the WIC-related investigation, and staff have not identified any reason to believe that Abbott or any of its competitors have coordinated or colluded regarding any WIC contract. Abbott has nevertheless agreed to respond to the CID, despite the
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ABT
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ABT
Earnings
- 4/17/24 - Beat
ABT
Sec Filings
- 4/17/24 - Form 8-K
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- ABT's page on the SEC website