• Congress is investigating the baby formula shortage and demanding answers from the 4 companies who control almost 90% of the market

    10 days ago - By Business Insider

    Representative Carolyn Maloney, Democrat from New York, and chair of the House Committee on Oversight and Reform. Stefani Reynolds/Pool via Reuters
    Lawmakers are opening an investigation into shortages of baby formula across the US.
    Four companies manufacture almost 90% of the formula on the American market.
    The move follows similar action by the White House to address the growing crisis.
    As parents in the US searching for baby formula are increasingly met with empty shelves, lawmakers are opening an investigation into the shortages. "The national formula shortage poses a threat to the...
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  • Major meat companies lied about impending shortages to keep workers on site at the height of the pandemic, a House committee says

    11 days ago - By Business Insider

    A JBS meat packing plant in Colorado. Matthew Stockman/Getty Images
    A report by a bipartisan House committee details meat-processing giants' response to the pandemic.
    One hospital doctor told JBS that all its COVID-19 patients were linked to a JBS plant in Texas.
    The companies exaggerated meat shortages to keep workers on site, according to the report.
    Major US meat companies were aware that their sites were hotbeds for coronavirus transmission but exaggerated impending product shortages so they could keep workers on site at the height of the pandemic, according to an investigation by a...
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