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It is. Across the US, almost half of the baby formula options have been out of stock. Problem, because about3 out of 4 babies in the US rely on formula at some point in their first six months of life. And for many, breastfeeding — the only other recommended option — is not possible. Enter: this shortage.
Why is this happening?
COVID-19 hit supply chains — hard. But that's not all: In the US, four companies produce the vast majority of formula. That includes Abbott, whose plant the FDA shut down in February over multiple cases of bacterial contamination. The change cut down production, meaning less baby formula on shelves. Yesterday, amid pressure on the Biden admin to address the shortage, the FDA and Abbott reached a deal to reopen the plant. But even after production restarts, it will take at least six weeks to begin shipping new product to stores.
And in the meantime?
The White House says it's working on another step: trying to import more formula. Normally, only 2% of US baby formula comes from outside the country because FDA regulations are tough to meet. Now the government will relax restrictions in order to allow more product to come in. But critics are saying 'where were you when the shortage began months ago?'
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The news that supply chains could improve is a light at the end of the tunnel for many parents and parents-to-be. But babies need to be fed — and they don't have two months to wait.
Sweden and Finland. Yesterday, Turkey's President Recep Tayyip Erdoğan said the Nordic countries shouldn't bother trying to persuade his country to support their NATO bid. Which complicates things, because applicants need approval from all of NATO's 30 members. Erdoğan has accused both countries of supporting a terrorist org, aka the Kurdistan Workers' Party — which has called for an independent Kurdish state within Turkey. Meanwhile, Russian President Vladimir Putin is now saying 'no problem' to the move. But warned expansion of military infrastructure on their territory would trigger a response.
…Oh and Russia is getting a McExit. McDonald's first arrived in Moscow in 1990 about two years before the collapse of the Soviet Union. But now the company says it's "de-Arching" its restaurants in the country, citing the "humanitarian crisis" caused by the war in Ukraine.
What people are keeping an eye out for…
The 2022 midterms. Today, voters in Pennsylvania, Idaho, Kentucky, North Carolina, and Oregon cast their ballots in primary elections. The biggest talker: Pennsylvania's open Senate seat, which Dems hope to flip in November when Republican Sen. Pat Toomey retires. The outcome could also factor into which party controls the Senate. On the GOP side, today's primary looks set to be a tight race between David McCormick, a former hedge fund CEO; far-right conservative Kathy Barnette; and Dr. Oz, a television personality, who netted former President Donald Trump's endorsement.
Where people are reeling...
California. Yesterday, the suspect in a deadly shooting was charged with murder in what officials are callinga politically motivated attack. On Sunday, a gunman in Laguna Woods, CA, opened fire at a church killing one and injuring five others. The shooter — a Chinese immigrant — targeted a predominantly Taiwanese churchover political hatred toward the community. The shooting came one day after the racist mass shooting in Buffalo, New York,which left 10 people dead and three injured — the majority of them Black. Today, President Biden is traveling to Buffalo to meet with those affected.
When it comes to crypto, it's time women get a seat at the table…er in WhatsApp chats and Discord servers. Because twice as many men invest in crypto than women. Join us tonight at 7:30pm ET for our free, virtual event, Future-Proofed: Closing the Crypto Gender Gap. Crypto experts Laura Shin, Maggie Love, and Mags Kala will explain the consequences of blockchain inequality, where NFTs come into play, and more. Let's make (digital) money moves. Sign up.
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We like to celebrate the wins, big and small. Let us know how your friends, neighbors, coworkers (and yes, even you) are making career moves, checking off goals, or making an impact in the community.
Double ditto…Claire G & Liz H (VA). They're on a mission to change how freelancers get paid through their payment platform, Ditto. Check it out here.
(Some) Birthdays…Mike Minikes (NY), Elana Winters (NY), Alex Forrey (NY), Mary Katie Ragen (IL), Callie Kiernan (NY), Allison Reed (OH), Gabriela Márquez (NY), Elizabeth Haynes (TX), Alli Quattlebaum (TN), Katie Fallon (NY), Jordan Miller (UT), Hannah Boyl (MI), Alexandra Blessing (PA), Bridget Donahue (DC), Kavita Goss (CA), Christine Schmidt (IL), Margo Denman (NY), Amy Goldberg (MA), Rachel Shaw (VA)
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Skimm'd by Rashaan Ayesh, Melanie De Lima, Kate Gilhool, Julie Shain, Mariza Smajlaj, and Xian Chiang-Waren
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