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Stock impact report

Popular baby food brand hit by 'criminal act' as rat poison found in seized jar [FOX Business Network]

Hippo Holdings Inc. (HIPO) 
Austrian police announced Saturday that a commercially sold baby food product was found to be laced with rat poison. Authorities said the tampered HiPP-brand item may have been sold in Austria, with similar products also circulating in neighboring countries, including Germany, the Czech Republic and Slovakia. "With the assistance of the Federal Criminal Police Office, a sample of the seized product was examined on Saturday afternoon and tested positive for rat poison," the Burgenland State Criminal Police Office said. Officials described the substances as " potentially life-threatening " and urged all shoppers to inspect their pantries for similar affected products. The company said that jars sold at major retail partner Spar in Austria are being recalled out of precaution, and emphasized that the issue is linked to a "criminal act" and not a quality control problem. "This recall is not due to a product or quality defect on our part. The jars left our HiPP factory in perfec Show less Read more
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