Biden Invokes Emergency Powers to Try to Ease Formula Shortage

Bloomberg Quicktake: Now published this video item, entitled “Biden Invokes Emergency Powers to Try to Ease Formula Shortage” – below is their description.

President Joe Biden invoked emergency powers under the Defense Production Act to try and boost production of baby formula, while ordering the use of government planes for imports to alleviate shortages.

The White House said in a statement that the move would allow domestic manufacturers to obtain needed ingredients and speed shipments of foreign stocks. The president also announced “Operation Fly Formula” to ship in supplies from other countries.

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