Abbott under investigation by SEC and FTC for infant formula business

  • 📰 ABC
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Abbott is being investigated by the Securities and Exchange Commission, as well as the Federal Trade Commission, in relation to their infant formula business, the company disclosed in a new SEC filing.

bacteria inside Abbott's Sturgis plant prompted a massive voluntary formula recall last February, after four babies who had consumed Abbott's formula contracted a Cronobacter infection. Two of the infants subsequently died, although Abbott maintains there has not been conclusive evidence that its formula caused the infant illnesses, since none of the Cronobacter strains found at their plant matched the two samples genetically sequenced from the sickened infants.

After inspecting Abbott's Sturgis facility last year, FDA chief Dr. Robert Califf described the "shocking" and "egregiously unsanitary conditions" investigators had found. Abbott's recall ricocheted across American groceries and families' pantries, exacerbating an already mounting supply issue, and forcing families to scramble for what their babies needed for months.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The post says 15 tweets I count 8 that means elon allows 55% of tweets are seen. Why is that mr freedom of speech?

missdeezzy12

It’s about time.

Imagine that

They were following our orders. Hello, I represent the international Human Resources consortium based in Shanghai China. Do exactly as we say or none of you Americans will have jobs.

Shouldn’t SEC be going after Biden and Pete, about this baby formula?

This happened less than a year ago too

Costello is getting off scot-free

Of course. Don’t want to look at any train wreckage tho.

🤦🏾‍♀️

Will someone arrest that sociopath?!!!

Did the SEC and FTC investigate Jif when they had a salmonella recall ? No? Why not?

new plot twist just dropped quintabrunson

GOOD!!!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 471. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Abbott Laboratories under SEC and FTC investigation over baby-formula businessThe Securities and Exchange Commission and Federal Trade Commission are investigating Abbott Laboratories' baby-formula business, the company said. They shouldn’t be the only plant
Source: MarketWatch - 🏆 3. / 97 Read more »

Abbott Baby-Formula Business Is Under Investigation By SEC, FTCThe SEC’s enforcement division sent a subpoena to Abbott in December requesting information about its powder infant-formula business and related public disclosures, the company said Friday in a securities filing. everything Joe and his administration touches is a DISASTER Investigate them into submission Back when I was growing up, there was no such thing as. Baby formula. You take a cup of dry rice, 4 cups of water. Put it in a blender. Strain it. Add some honey. And you have homemade baby formula.
Source: WSJ - 🏆 98. / 63 Read more »

FTC sues companies over delivery of millions of robocallsThe Department of Justice has filed a complaint on behalf of the Federal Trade Commission alleging that a network of companies and individual defendants facilitated tens of millions of robocalls.
Source: WashTimes - 🏆 235. / 63 Read more »