ExxonMobil to sell Barnett Shale assets for $750 million

investing.com - ExxonMobil (NYSE:XOM) Corp said on Thursday it had signed a deal to sell its Barnett Shale assets to units of BKV Corp for $750 million. By Ahmed Aboulenein and Susan Heavey WASHINGTON (Reuters) -Abbott...

Harley-Davidson to Halt Vehicle Assembly and Shipping for 2 Weeks

investing.com By Sam Boughedda Investing.com -- Harley-Davidson Inc stated on Thursday that the bike maker would halt all vehicle assembly and shipping for two weeks due to a components issue with a third-party supplier. The halt...

A dereliction of duty:' U.S. lawmakers grill FDA commissioner over baby formula shortage

cnbc.com The FDA closed an infant formula factory in Michigan in February. Four infants who drank formula produced there contracted bacterial infections, two of whom died. Lawmakers criticized the FDA for failing to promptly...

Biden blasted for invoking Defense Production Act to fix baby formula shortage

foxbusiness.com Fox News contributor and The King’s College Executive Vice President of Business professor Brian Brenberg ripped the Biden administration Thursday for requesting more federal power to fix economic problems it created...

Abbott baby formula plant on track to reopen within 1-2 weeks -FDA commissioner

investing.com WASHINGTON - Abbott Laboratories (NYSE:ABT) and the U.S. Food and Drug Administration are on track to reopen the company's Sturgis, Michigan, baby formula manufacturing plant within one or two weeks, FDA...

Abbott baby formula plant in Michigan on track to reopen in 1-2 weeks

reuters.com Abbott Laboratories and the U.S. Food and Drug Administration are on track to reopen the company's Sturgis, Michigan, baby formula manufacturing plant within one or two weeks, FDA Commissioner Robert Califf said on Thursday.

Dispatches from a Pandemic: Desperate for baby formula, low-income mothers struggle with government’s nutritional-aid program: ‘You call the doctor’s office for your son, and they can’t help you’

marketwatch.com Abbott has signed a consent decree with the Food and Drug Administration. The agreement details the steps necessary to resume production at the company’s Sturgis, Mich., plant. There was a nationwide baby-formula...

Biden presses companies on infant formula, FDA eyes more imports

investing.com By Jeff Mason, Susan Heavey and Trevor Hunnicutt WASHINGTON -U.S. President Joe Biden met on Thursday with executives from infant formula manufacturers and retailers including Target , Walmart (NYSE:WMT) and...

Baby formula shortage: What not to do, according to a former…

aol.com Caregivers are scrambling to find baby formula amid the nationwide shortage as supply chain issues, product recalls, and stockpiling have left store shelves empty. Nationally, 43% of baby formula was out of stock as...

Biden invokes Defense Production Act for formula shortage

apnews.com WASHINGTON (AP) — President Joe Biden on Wednesday invoked the Defense Production Act to speed production of infant formula and authorized flights to import supply from overseas, as he faces mounting political...

Dem lawmaker questions Abbott on how it spent savings from GOP tax cuts

foxbusiness.com Democratic Sen. Ron Wyden is demanding answers from the nation's largest baby formula manufacturer over its business practices while suggesting the GOP tax cuts could have contributed to the ongoing infant formula...

Why is there a baby formula shortage in the US, and what can parents do?

theguardian.com At the start of May, 43% of baby formula was out of stock at retailers. One mother, speaking to the New York Times, described the situation as ‘a nightmare’ Here’s a look at how the problem started, what parents can...

How US Trade Policy Is Making The Baby Formula Shortage Worse

zerohedge.com How US Trade Policy Is Making The Baby Formula Shortage Worse By Eric Kulisch of FreightWaves Policy analysts say U.S. trade restrictions, including ones engineered under the Trump administration, along...

How the baby formula shortage is being addressed

aol.com The U.S. is pulling out all the stops in a widespread government effort to alleviate growing pressure from a nationwide baby formula shortage. Pandemic-related supply chain pressures were exacerbated when the...

House Democrats to hold hearings on baby formula crisis, introduce bill to beef up FDA inspections

cnbc.com House Democrats will hold hearings on the baby formula shortage in the U.S. They will move to pass legislation to increase Food and Drug Administration inspection staff. The move is in response to the plant closure...