Stock Market News

Abbott says it has reopened Michigan baby formula plant

2022.07.09 21:00

Abbott says it has reopened Michigan baby formula plant
Abbott says it has reopened Michigan baby formula plant

Abbott Laboratories (NYSE:ABT) has reopened its Sturgis, Michigan baby formula plant, which was shut last month due to heavy rains, a company spokesperson told Reuters on Saturday.

Abbott resumed operations on July 1 and has started producing specialty baby formula EleCare.

The company which has been at the center of a baby formula shortage in the United States had shut down the plant in February and recalled its infant formula products, including Similac, after reports of bacterial infections in babies who had consumed products made at the facility.

Before the recall, Abbott controlled 40% of the infant formula market. The plant closure led to a country-wide baby formula shortage.

Abbott briefly reopened this plant early last month but had to shut it down after about two weeks due to thunderstorms and heavy rains.

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 84,673.69 3.88%
ethereum
Ethereum (ETH) $ 2,339.25 5.46%
tether
Tether (USDT) $ 0.99879 0.03%
xrp
XRP (XRP) $ 2.19 3.93%
bnb
BNB (BNB) $ 609.81 2.37%
solana
Solana (SOL) $ 136.43 3.94%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.203247 2.62%
cardano
Cardano (ADA) $ 0.647903 4.19%
staked-ether
Lido Staked Ether (STETH) $ 2,336.68 5.60%
tron
TRON (TRX) $ 0.226743 0.68%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,558.66 3.92%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,786.86 5.68%
chainlink
Chainlink (LINK) $ 15.22 0.64%
litecoin
Litecoin (LTC) $ 124.05 8.42%
avalanche-2
Avalanche (AVAX) $ 21.92 1.21%
sui
Sui (SUI) $ 2.87 0.91%
stellar
Stellar (XLM) $ 0.285043 2.32%
the-open-network
Toncoin (TON) $ 3.48 0.86%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 2.68%
leo-token
LEO Token (LEO) $ 9.10 0.73%
hedera-hashgraph
Hedera (HBAR) $ 0.196679 1.30%
usds
USDS (USDS) $ 1.00 0.02%
polkadot
Polkadot (DOT) $ 4.76 3.48%
mantra-dao
MANTRA (OM) $ 7.18 6.16%
weth
WETH (WETH) $ 2,336.81 5.59%
hyperliquid
Hyperliquid (HYPE) $ 20.11 0.85%
ethena-usde
Ethena USDe (USDE) $ 0.999265 0.01%
bitcoin-cash
Bitcoin Cash (BCH) $ 293.23 1.37%
bitget-token
Bitget Token (BGB) $ 4.00 6.39%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,480.42 5.47%
uniswap
Uniswap (UNI) $ 7.97 3.85%
monero
Monero (XMR) $ 215.66 0.16%
whitebit
WhiteBIT Coin (WBT) $ 26.38 1.66%
near
NEAR Protocol (NEAR) $ 3.04 2.52%
aptos
Aptos (APT) $ 6.00 8.42%
pepe
Pepe (PEPE) $ 0.000008 1.04%
dai
Dai (DAI) $ 1.00 0.04%
ondo-finance
Ondo (ONDO) $ 0.982884 0.18%
internet-computer
Internet Computer (ICP) $ 6.39 1.41%
aave
Aave (AAVE) $ 203.40 0.56%
bittensor
Bittensor (TAO) $ 352.55 5.36%
susds
sUSDS (SUSDS) $ 1.04 0.13%
ethereum-classic
Ethereum Classic (ETC) $ 18.80 0.25%
okb
OKB (OKB) $ 45.32 1.48%
gatechain-token
Gate (GT) $ 20.76 2.25%
official-trump
Official Trump (TRUMP) $ 13.26 1.58%
mantle
Mantle (MNT) $ 0.752089 5.54%
tokenize-xchange
Tokenize Xchange (TKX) $ 30.38 7.92%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,642.68 4.01%