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The Latest Breaking News from Abbott

Abbott baby formula plant under investigation by DoJ after dire shortages

The US Justice Department is investigating the Abbott Laboratories infant formula plant in Michigan that was shut down for months last year due to contamination, the company confirmed

The Independent UK

Justice Department investigating Abbott baby formula plant

The U.S. Justice Department is investigating the Abbott Laboratories infant formula plant in Michigan that was shut down for months last year due to contamination, the company confirmed

The Independent UK

Young workers are sandwiched between student debt and the need to save for retirement. Congress must let employers help

Congress should allow companies to match employee's student debt contributions with payments into their retirement plans, writes Abbott's Mary Moreland.

Fortune

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Medtronic sees 23 serious medical device recalls in two years

Medtronic, battered by a high number of serious medical device recalls in recent years, says it is toughening its internal assessments for acquiring new products.

Tribune News Service

Abbott to Exit Mainland Chinese Baby Formula Market by 2023

American health-care giant cites shrinking market share amid stiff competition but will expand other businesses including diagnostics, devices and pharmaceuticals

Caixin Global

Revealed: group shaping US nutrition receives millions from big food industry

Academy of Nutrition and Dietetics has a record of quid pro quos with a range of food giants, documents show

The Guardian - US

Bill of the Month: $38,398 for a single shot of a very old cancer drug

Dr. Josie Tenore and Paul Hinds were introduced by a mutual friend in 2017 and hadn’t been going out long when she laid down the law: He had to get a physical.

Tribune News Service

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For Highland Park man, why did a single shot of a very old cancer drug cost $38,398?

What’s behind the $38,398 price tag for a single dose of the drug to treat prostate cancer? A mixture of unrelenting drug price increases and hospital system consolidation.

Chicago Sun-Times

It cost $38,398 for a single shot of a very old cancer drug

Lupron, a drug patented half a century ago, treats advanced prostate cancer. It costs a few hundred dollars in the U.K. — so why are U.S. hospitals charging so much more to administer it?

WEKU

Market Rallies, Hits Resistance As Treasury Yields Soar; Tesla, Netflix Are Big Movers: Weekly Review

Stocks jumped Monday, but soon hit resistance amid surging Treasury yields. Tesla hit lows on earnings while Netflix jumped.

Investors Business Daily

Abbott plans a new $500M baby-formula plant to increase U.S. capacity for the vital product

Abbott Laboratories is building a new infant-formula manufacturing plant after the product shortage of the past year revealed gaps in U.S. production capacity.

Tribune News Service

Why A Quarterly Beat, Guidance Boost Didn't Stoke Abbott Laboratories Stock

Abbott enjoyed a third-quarter beat thanks, in part, to its Covid tests. But those sales are expected to peter out, and ABT stock slumped.

Investors Business Daily

Similac baby formula products recalled

The recall, issued on Oct. 14, includes the brands Similac and Pedialyte Electrolyte Solution

Salon

Special Olympics athlete Josh Holley is one step closer to conquering Abbott World Marathon Majors

Holley’s mission is to bring awareness to all disabilities with the message, “Our Ability is STRONGER than our dis-Ability.”

Chicago Sun-Times

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Axios

Abbott recalls select baby formula over spoilage concerns

Select Similac products are part of a new recall from Abbott Nutrition.

Tribune News Service

Baby formula disaster failed to dent Abbott Labs’ ESG score

Several months after the US government began investigating an Abbott Laboratories baby-formula plant for its connection to the deaths of at least two infants, the world’s most influential judge of corporate environmental, social and governance practices upgraded the company.

The Guardian - US

Sheryl Lee Ralph on Abbott Elementary, being ‘black famous’ and scolding Kimmel

The 65-year-old mega-talent has been criminally underappreciated until now – ‘Isn’t it such a blessing that I could remain relevant after all of these years?’

WEKU

Here's what the FDA says contributed to the baby formula shortage crisis

The Food and Drug Administration rattled off 15 reasons behind the national baby formula shortage, but couldn't identify a specific person or agency responsible.

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The Independent UK

FDA concedes delays in response to baby formula shortage

U.S. health regulators say their response to the ongoing infant formula shortage was slowed by delays in processing a whistleblower complaint and test samples from the nation’s largest formula factory

Tribune News Service

Neal Justin: 'Abbott Elementary' is back in session

"The White Lotus" may have taken the most Emmys this year but "Abbott Elementary" star Sheryl Lee Ralph went home with our hearts.

WEKU

Who is Emmy winner Quinta Brunson ... besides the woman who had to step over Kimmel?

Brunson had already made history when she was nominated for three Emmys for Abbott Elementary

Tribune News Service

Ken Paxton again tries to intervene in suit with Dallas hospital over transgender care

DALLAS — Texas Attorney General Ken Paxton is attempting for the second time to intervene in a legal fight over gender-affirming medical care at two Dallas hospitals.

Chicago Sun-Times

Latest recalls of formula meant frantic search for family of suburban boy, 5, who needs it to survive

With help from La Rabida Children’s Hospital, Zayne Negoski of Joliet got an alternative tube-feeding formula. But his family and those of other medically needy kids have struggled and often had to pay more after Aug. 10 recall.

The Philadelphia Inquirer

PHILADELPHIA — The world is about to see a whole lot more from Abbott Elementary star and creator Quinta Brunson.

StockNews.com

Is Abbott Labs A "Strong Buy" After Earnings?

Leading healthcare company Abbott Laboratories (ABT) reported strong second-quarter results. And given the company is well-positioned to capitalize on its diverse business and recent FDA approvals, is it wise to buy the stock now? Let’s find out.

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