The U.S. government will import 4.9 million bottles of infant formula from Australia on Friday under Operation Fly Formula Mission to address the nationwide shortage of the product caused by the Abbott Nutrition recall.
The White House announced Monday that the Biden Administration is sourcing a flight, facilitated by the U.S. Department of Health and Human Services, to transport 330,000 pounds of Bellamy's Organic Infant Formula to Dallas, Texas.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.