The U.S. Government will import infant formula from Switzerland later this week under Operation Fly Formula Mission to address the nationwide shortage of the product caused by Abbott Nutrition recall.
The Biden Administration will facilitate air shipment of 802,446 8-ounce bottle equivalents of Nestlé Health Science amino acid-based Alfamino Infant and Alfamino Junior formula from Switzerland to John F. Kennedy Airport in New York on July 21 and 22, according to the White House.
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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.