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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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.