The U.S. Government will import 862,000 bottles of infant formula from Switzerland and the Netherlands Friday under Operation Fly Formula to address the nationwide shortage of the product caused by an Abbott Nutrition recall.
The Biden Administration announced that his Administration is sourcing one flight, facilitated by the U.S. Department of Health and Human Services, to transport Nestlé Health Science Alfamino Infant and Alfamino Junior formula and SMA Nutrition Althéra specialty formula products to New York.
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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.