ANZ Home Loan Applications Drop 12% After Australia Property Tax Changes 
Aviva First-Half Operating Profit Jumps 24% as Direct Line Deal Boosts Growth 
Oil Prices Fall as U.S. Crude Inventories Surge and Hormuz Tensions Persist 
US Dollar Slips as Weak Retail Sales Reduce Fed Rate Hike Bets 
Antofagasta Shares Drop 5% as Miner Cuts 2026 Copper Production Forecast 
Google Pushes Gemini AI Overhaul as Sergey Brin Targets Model Supremacy 
LG, Nvidia Expand AI Partnership With Humanoid Robots, AI Factories 
France Inflation Rises 2.4% in July as Consumer Prices Increase 
China Automakers Accelerate Global Expansion as Domestic Car Sales Slump 
Super Micro Stock Jumps 19% as AI Server Demand Drives Strong 2027 Outlook 
Canada-US Trade Talks Gain Momentum Ahead of Aug. 19 Tariff Deadline 
Goldman Sachs Eyes Investors for Nvidia’s $500 Billion AI Financing Plan 
Asian Currencies Steady as Dollar Holds Firm After U.S. Inflation Data 
Apple Develops China-Specific AI Model With Alibaba as Apple Intelligence Launch Nears 
KOSPI Eyes Best Weekly Gain Since June as Samsung, SK Hynix Rally 
US Dollar Slips as Softer PPI Data Eases Fed Rate Hike Expectations 
Paramount Skydance Clears Regulatory Hurdles for Warner Bros. Discovery Deal 
Add as a preferred source on Google
Baby formulas in the United States are going out of stock; thus, the shortage situation is getting worse. Major pharmacy chains have started limiting the sale of infant milk as there is not enough supply to meet the demand.
As per BBC News, the infant milk formula shortages in the U.S. intensified after Abbott nutrition which made the Similac brand issue a recall on the baby formula in February due to contamination.
Abbott is the main supplier of infant formula to a number of state government programs for low-income families, and it shared it is working with regulators so it can re-open its manufacturing plant. The company also said that to deal with the shortage issue, it has been sending additional shipments from a factory in Ireland. In fact, it is expecting double shipments this year.
“We have an FDA-registered plant in Cootehill, Ireland, where we've increased the volume of Similac Advance powder formula produced for the U.S. We are air-shipping product from this facility into the U.S. daily and the product is being restocked regularly,” Abbott previously said in a statement.
The company added, “Our Cootehill team sources ingredients from approximately 1,000 dairy farms in the local area. Following stringent quality and safety processes, each batch of infant formula undergoes extensive quality checks before it reaches stores.”
In any case, CNBC reported that 26 states in the U.S. have run out of baby formula. The out-of-stock rating reportedly reached more than 40% compared to just seven states three weeks before.
Based on this recent rating data, it seems that the baby formula shortage in the country will not be resolved any time soon. Rather, the situation is getting worse as more states are being hit with the shortage.
“Unfortunately, we do not see this slowing down any time soon,” Ben Reich, chief executive officer of Datasembly public data firm, said earlier this week. “Inflation, supply chain shortages and product recalls have continued to bring volatility to the category, and continues to be one of the most affected products in the market.”
Finally, major retail stores and pharmacies, including CVS Health Corp., Walgreens, Target Corp., and Kroger, have all limited the sale of infant formula as the supply is really low, Reuters reported.
