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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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.