2023-05-25 02:32
FTC investigating Abbott and baby formula makers for possible collusion
Kena Betancur/VIEWpress/Getty Images (WASHINGTON) -- The Federal Trade Commission is investigating infant formula makers, including Abbott Laboratories, to determine whether the companies colluded as they bid to secure profitable state contracts, according to a filing by the agency. The agency is looking into whether companies "engaged in collusion or coordination with any other market participant regarding the bidding for WIC contracts," FTC Commissioner Alvaro Bedoya wrote in an April filing that was posted on the agency's website.
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