Parents remain frustrated by baby formula shortage, call on Biden admin to put more pressure on manufacturers [FOX News]
Abbott Laboratories (ABT)
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Source: FOX News
close Parents are sounding the alarm about the ongoing impact of the nationwide baby formula shortage months after the crisis began. While the FDA finally admitted to its delayed response, parents are calling for action amid continued scarcity and higher prices. The FDA claimed staffing shortages and poor training was to blame for the late response, and the commissioner explained that the organization has little power to compel companies to "do the right thing" without intervention. Parents, however, maintain that something should have been done sooner. "This should have never got to the point that it is now," Cailee Yielding, a Mississippi mother of a 7-month-old, said on "Fox & Friends" Thursday. FILE - Shelves typically stocked with baby formula sit mostly empty at a store in San Antonio, Tuesday, May 10, 2022. The FDA acknowledged Tuesday, Sept. 20, that its response to the national shortage of infant formula was slowed by delays in processing a whistleblower complaint
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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