Stock Market News

Abbott recalls some liquid baby formula over bottle defect

2022.10.14 13:31



© Reuters. FILE PHOTO: Abbott Laboratories logo is displayed on a screen at the New York Stock Exchange (NYSE) in New York City, U.S., October 18, 2021. REUTERS/Brendan McDermid/File Photo

(Reuters) – Abbott Laboratories (NYSE:) said on Friday it was recalling some ready-to-feed baby formula liquid products including Similac-branded items due to inadequate sealing of some bottle caps.

The recall, which equates to less than one day’s worth of infant formula used in the United States, is not expected to impact the overall formula supply, Abbott said in a statement.

Abbott has been at the center of a baby formula shortage in the United States that earlier this year sent parent scrambling for supplies.

The recall of baby formula made at Abbott’s Michigan plant following complaints of bacterial infection in February exacerbated its shortage in the United States.

To boost supplies, the U.S. government temporarily allowed foreign imports from companies such as Reckitt Benckiser and Nestle.

Supplies have been improving in recent months, according to large retailers such as Walmart (NYSE:), but the government has continued to allow imports to stock up shelves.

Shares in Abbott, which is recalling products made at the company’s plant in Columbus, Ohio, were down 1.1% at $101.39 in afternoon trading.



Source link

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 63,939.13 1.51%
ethereum
Ethereum (ETH) $ 2,633.49 1.40%
tether
Tether (USDT) $ 1.00 0.04%
bnb
BNB (BNB) $ 595.89 2.30%
solana
Solana (SOL) $ 146.64 0.78%
usd-coin
USDC (USDC) $ 1.00 0.07%
xrp
XRP (XRP) $ 0.590212 1.30%
staked-ether
Lido Staked Ether (STETH) $ 2,631.19 1.38%
dogecoin
Dogecoin (DOGE) $ 0.107505 0.72%
the-open-network
Toncoin (TON) $ 5.66 0.05%
tron
TRON (TRX) $ 0.151687 0.12%
cardano
Cardano (ADA) $ 0.354133 0.22%
avalanche-2
Avalanche (AVAX) $ 27.49 1.14%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,102.24 1.19%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 63,797.09 1.41%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 0.46%
weth
WETH (WETH) $ 2,631.69 1.39%
chainlink
Chainlink (LINK) $ 11.26 0.78%
bitcoin-cash
Bitcoin Cash (BCH) $ 343.76 0.49%
polkadot
Polkadot (DOT) $ 4.37 0.83%
dai
Dai (DAI) $ 1.00 0.07%
leo-token
LEO Token (LEO) $ 5.76 0.37%
litecoin
Litecoin (LTC) $ 69.01 3.39%
uniswap
Uniswap (UNI) $ 6.75 0.33%
near
NEAR Protocol (NEAR) $ 4.55 0.04%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,757.67 1.27%
sui
Sui (SUI) $ 1.61 10.50%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.64 2.70%
kaspa
Kaspa (KAS) $ 0.165959 2.03%
aptos
Aptos (APT) $ 7.93 0.31%
internet-computer
Internet Computer (ICP) $ 8.40 0.07%
bittensor
Bittensor (TAO) $ 499.87 8.24%
pepe
Pepe (PEPE) $ 0.000008 0.84%
monero
Monero (XMR) $ 175.25 0.86%
first-digital-usd
First Digital USD (FDUSD) $ 0.999775 0.15%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.40322 0.57%
stellar
Stellar (XLM) $ 0.096126 1.24%
ethereum-classic
Ethereum Classic (ETC) $ 19.06 0.73%
immutable-x
Immutable (IMX) $ 1.75 9.34%
blockstack
Stacks (STX) $ 1.75 2.65%
ethena-usde
Ethena USDe (USDE) $ 0.999885 0.01%
aave
Aave (AAVE) $ 165.85 3.25%
okb
OKB (OKB) $ 40.32 2.13%
crypto-com-chain
Cronos (CRO) $ 0.086196 1.10%
render-token
Render (RENDER) $ 5.84 6.28%
arbitrum
Arbitrum (ARB) $ 0.614917 2.61%
filecoin
Filecoin (FIL) $ 3.76 0.80%
injective-protocol
Injective (INJ) $ 21.73 4.96%
optimism
Optimism (OP) $ 1.74 1.22%
mantle
Mantle (MNT) $ 0.6303 1.08%