Amid shortages and another recall, Abbott plans $500 million infant formula plant
CBSN
Abbott plans to build a $500 million infant formula facility and is boosting production at other plants as the health care company looks to increase supply in the U.S. amid ongoing shortages.
"We're currently in the final stages of determining the site location and will work with regulators and other experts to ensure this facility is state-of-the-art and sets a new standard for infant formula production," Robert Ford, the company's chairman and CEO told investors in an earnings call on Wednesday.
The decision to invest in a new plant comes in response to an analysis that found "this country would benefit from more manufacturing capacity and redundancy," Ford said.
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Scientists say they've discovered the world's biggest coral, so huge it was mistaken for a shipwreck
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A grad student in Michigan received a threatening response during a chat with Google's AI chatbot Gemini.
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Online retailers and birth control providers have seen a spike in sales for emergency contraceptives since Donald Trump was elected for a second term as president of the United States.
Beirut — Declassified 1970s-era U.S. spy satellite imagery has led a British-Iraqi archeological team to what they believe is the site of a seventh-century battle that became decisive in the spread of Islam throughout the region.
The COVID-19 pandemic was associated with increases in stress-related drinking and alcohol-related deaths, and new research suggests drinking didn't stop as things returned to normal.
More than 5 million people received filler injections last year, most often on their face or in their hands, an 8% increase from the previous year.
By the time the polls opened on Election Day, baseless claims of voter fraud had been building on social media for months, fueling doubts about the integrity of the election.