A US military plane carrying 78,000 pounds of baby formula arrived in Indianapolis on Sunday from Germany, to address shortage caused by Abbott Nutrition recall.
The specialty infant formula manufactured in an FDA-approved facility is enough for more than half a million bottles, White House Press Secretary Karine Jean-Pierre told reporters aboard Air Force One during President Joe Biden's flight from South Korea to Japan.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.