Next week, the U.S. Government will import Nestlé infant formula from Australia to address the nationwide shortage of infant formula caused by Abbott Nutrition recall.
A flight, facilitated by the U.S. Department of Health and Human Services (HHS) for Operation Fly Formula, will land in Fort Worth, Texas, on July 4, carrying more than 56,000 pounds of Nestlé NAN SensiPro formula, the equivalent of approximately 849,000 8-ounce bottles.
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Political News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.