News Formal

Abbott under investigation by SEC and FTC for baby formula business

  • 📰 6abc
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

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.

During the height of the severe shortage last May, the FTC had already launched an inquiry into the formula crisis, probing potential unfair and illicit enterprises which may be exploiting parents' desperation amid the crisis.

The news of these latest inquiries into Abbott also follows the recent health expert analysis which called out major formula companies, Abbott included, for "exploitative" marketing and aggressive lobbying practices.

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:

 /  🏆 250. in SG
 

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

Think they will bother to look at why the FDA wasn’t inspecting the facilities too or naw?

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Abbott under investigation by SEC and FTC for infant formula businessAbbott 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. GOOD!!! new plot twist just dropped quintabrunson
Source: ABC - 🏆 471. / 51 Read more »

Abbott under investigation by SEC and FTC for infant formula businessAbbott is being investigated in relation to their infant formula business.
Source: 6abc - 🏆 250. / 63 Read more »