Abbott Reopens Its Michigan Plant Closed Due To Floods: Report


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  • Abbott Laboratories (NYSE:ABT) has reopened its Sturgis, Michigan, baby formula plant, which was shut last month due to heavy rains, a company spokesperson told Reuters.
  • Abbott resumed operations on July 1 and has started producing specialty baby formula EleCare.
  • Related: More Trouble For Baby Formula Production As Thunderstorms, Flood, Hit Abbott's Troubled Michigan Plant.
  • The company, which has been at the center of a baby formula shortage in the U.S., shut down the plant in February and recalled its infant formula products, including Similac, after reports of bacterial infections in babies who had consumed products made at the facility.
  • Price Action: ABT shares closed at $109.26 on Friday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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