In order to address the nationwide shortage of infant formula caused by Abbott Nutrition recall, the United States is importing more than 8 million bottles of baby food from Australia and the United Kingdom next week.
Under the third Operation Fly Formula Mission arranged by the Biden Administration, United Airlines has agreed to airlift approximately 3.7 million 8-ounce bottle equivalents of Kendamil infant formula free of charge from London's Heathrow Airport to multiple airports across the country over a three-week period. These are the first Operation Formula Flight to be donated by an airline carrier.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.