Abbott Laboratories under SEC and FTC investigation over baby-formula business

The Securities and Exchange Commission and Federal Trade Commission are investigating Abbott Laboratories’ baby-formula business, the company said.

The SEC’s enforcement division sent a subpoena to Abbott ABT in December requesting information about its powder infant-formula business and related public disclosures, the company said Friday in a securities filing. In... The Securities and Exchange Commission and Federal Trade Commission are investigating Abbott Laboratories’ baby-formula business, the company said.

The SEC’s enforcement division sent a subpoena to Abbott ABT in December requesting information about its powder infant-formula business and related public disclosures, the company said Friday in a securities filing. In addition, Abbott said it received a civil investigative demand from the FTC in January seeking information in connection with the agency’s investigation of companies that bid for infant-formula supply contracts with a federal program.An expanded version of this report appears at WSJ.com.Facebook Parent Meta Gives Thousands of Workers Subpar Review

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