Mead Johnson Nutrition (MJN) announced Monday that the Hong Kong government has imposed a regulation designed to limit the flow of formula milk products out of the territory.
Mead Johnson Nutrition gapped open lower Monday and has continued to lose ground in early trade. Shares are now down 3.35 at $75.61. The stock has been losing ground for the last 3 sessions and has fallen to over a 2-week low.
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