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U.S. lawmakers to examine infant formula shortage

WASHINGTON (Reuters) -U.S. lawmakers plan to hold a hearing this month on shortages of infant formula, the House Energy and Commerce Committee said on Wednesday, calling the...

WASHINGTON (Reuters) -U.S. lawmakers plan to hold a hearing this month on shortages of infant formula, the House Energy and Commerce Committee said on Wednesday, calling the situation "increasingly alarming."

The House of Representatives panel, which is scheduled to meet May 25, did not name any company executives or other witnesses, but said it would release more details before the meeting.

The hearing will focus on the shortage's causes, efforts to increase production, and what action is needed "to ensure access to safe formula across the nation," the committee chair, Representative Frank Pallone, a Democrat, said in a statement.

White House spokesperson Karine Jean-Pierre on Wednesday also said it was a top priority to ensure that baby formula is available amid the shortage.

Pallone said lawmakers stood ready to work with President Joe Biden's administration to resolve the shortage, although it is unclear what specific steps Congress or the White House can take to boost supplies near-term.

The U.S. Food and Drug Administration has said it is working with manufacturers to alleviate supply issues and that several companies are at or over capacity.

Current constraints come after top supplier Abbott Laboratories (NYSE:ABT) recalled Similac and other baby formula in February made at its plant in Michigan following complaints of bacterial infections in infants who consumed the products.

A number of U.S. retailers -- including Target Corp (NYSE:TGT), CVS Health Corp (NYSE:CVS) and Walgreens Boots Alliance (NASDAQ:WBA) -- have limited in-store and online formula purchases.

Supply chain snags and historic inflation have compounded the shortage, analysts have said, leaving about 40% of baby formula products out of stock nationwide.

Other infant formula makers in the U.S. market include British consumer goods firm Reckitt Benckiser and Nestle SA (SIX:NESN) and Perrigo Company (NYSE:PRGO) PLC.

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23-05-2022 09:39:08 (UTC+7)

EUR/USD

1.0592

+0.0032 (+0.30%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

EUR/USD

1.0592

+0.0032 (+0.30%)

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↑ Buy

Moving Avg:

Buy (12)

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Buy (10)

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GBP/USD

1.2543

+0.0056 (+0.45%)

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Buy (7)

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USD/JPY

127.35

-0.51 (-0.40%)

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↑ Buy

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Buy (8)

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Buy (7)

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AUD/USD

0.7091

+0.0057 (+0.82%)

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USD/CAD

1.2803

-0.0032 (-0.25%)

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EUR/JPY

134.88

-0.13 (-0.10%)

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Buy (8)

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EUR/CHF

1.0291

-0.0005 (-0.05%)

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Gold Futures

1,851.39

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Silver Futures

21.899

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Copper Futures

4.3050

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Crude Oil WTI Futures

110.70

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Natural Gas Futures

8.184

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US Coffee C Futures

216.48

-2.22 (-1.02%)

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Euro Stoxx 50

3,657.03

+16.48 (+0.45%)

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S&P 500

3,901.36

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DAX

13,981.91

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FTSE 100

7,389.98

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20,459.00

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US Small Cap 2000

1,773.27

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IBEX 35

8,484.50

+78.50 (+0.93%)

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BASF SE NA O.N.

48.850

-0.010 (-0.02%)

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Buy

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Bayer AG NA

63.74

+0.34 (+0.54%)

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Buy

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Allianz SE VNA O.N.

195.58

+0.78 (+0.40%)

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Buy

Moving Avg:

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Adidas AG

172.80

+0.92 (+0.54%)

Summary

Buy

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Buy (7)

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Deutsche Lufthansa AG

6.852

+0.049 (+0.72%)

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↑ Sell

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Siemens AG Class N

115.08

+2.62 (+2.33%)

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Deutsche Bank AG

9.362

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 EUR/USD1.0592↑ Buy
 GBP/USD1.2543↑ Buy
 USD/JPY127.35↑ Buy
 AUD/USD0.7091↑ Buy
 USD/CAD1.2803↑ Sell
 EUR/JPY134.88↑ Buy
 EUR/CHF1.0291Neutral
 Gold1,851.39↑ Buy
 Silver21.899↑ Buy
 Copper4.3050↑ Buy
 Crude Oil WTI110.70Sell
 Brent Oil110.59Neutral
 Natural Gas8.184↑ Buy
 US Coffee C216.48↑ Buy
 Euro Stoxx 503,657.03↑ Buy
 S&P 5003,901.36↑ Buy
 DAX13,981.91Buy
 FTSE 1007,389.98Neutral
 Hang Seng20,459.00Neutral
 Small Cap 20001,773.27↑ Buy
 IBEX 358,484.50Neutral
 BASF48.850Buy
 Bayer63.74Buy
 Allianz195.58Buy
 Adidas172.80Buy
 Lufthansa6.852↑ Sell
 Siemens AG115.08Neutral
 Deutsche Bank AG9.362Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,880/ 6,980
(5/ 5) # 1,779
SJC HCM6,895/ 6,985
(0/ 0) # 1,782
SJC Hanoi6,895/ 6,987
(0/ 0) # 1,784
SJC Danang6,895/ 6,987
(0/ 0) # 1,784
SJC Nhatrang6,895/ 6,987
(0/ 0) # 1,784
SJC Cantho6,895/ 6,987
(0/ 0) # 1,784
Cập nhật 23-05-2022 09:39:10
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ↀ Giá vàng thế giới
$1,851.99+5.310.29%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V30.58031.190
RON 95-III29.98030.570
E5 RON 92-II28.95029.520
DO 0.05S26.65027.180
DO 0,001S-V27.45027.990
Dầu hỏa 2-K25.16025.660
ↂ Giá dầu thô thế giới
WTI$110.09-0.39-0.36%
Brent$110.91-0.37-0.34%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.005,0023.315,00
EUR23.899,8625.238,69
GBP28.277,1029.483,51
JPY176,47186,83
KRW15,8019,25
Cập nhật lúc 09:34:12 23/05/2022
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