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More baby formula headed to the U.S. from Europe amid shortage

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President Biden has announced new shipments of baby formula from Europe.

It comes as the President prepares to meet with top officials from five baby food companies amid an ongoing shortage.

The participants at the meeting include top executives from Gerber, Perrigo Co., Reckitt, Bubs Australia and ByHeart, the official said.

Health and Human Services Secretary Xavier Becerra and Surgeon General Vivek Murthy are also expected to join the meeting.

Parents in the US have been left desperately searching for ways to feed their infants.

The White House says enough Kendamil formula to make about four million bottles will be flown to locations across the United States during the next three weeks.

“This first shipment, which includes Kendamil Classic and Kendamil Organic formula, will be available at Target stores across the country in the coming weeks,” the statement said.

Double the amount

Wednesday’s announcement is set to more than double that amount, officials said.

The United Airlines flights will include enough baby formula powder to make about 3.2 million eight-ounce-bottle equivalents of Kendamil Classic Stage 1 and 540,000 eight-ounce-bottle equivalents of Kendamil Organic. Officials said the flights will begin on June 9 and will continue for three weeks.

The move comes just days after the F.D.A. relaxed import regulations to allow Kendal Nutricare, the manufacturer of the formula, to import formula into the United States under the Kendamil brand.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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How to make your money work for you over the next decade

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With high interest rates, persistent inflation, and a tight labor market—the next decade is expected to be very different from the last 10 years.

 
Companies and households around the world are still trying to get back to pre-pandemic economic outputs and lifestyles.

So, how can people successfully invest and better manage their personal finances?

James Faris, an Investing Reporter with Insider joins Veronica Dudo to discuss. #InAmericaToday #featured #money #finance #economy #investing

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Parents buying houses for their adult children

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Rise in parents purchasing homes for adult children sparks concerns

A growing trend of parents buying houses for their adult children is causing a stir, raising questions about the potential downsides of such arrangements. While the gesture may seem benevolent, experts warn of the pitfalls associated with this practice.

Financial advisors express concerns about the impact on both generations’ financial independence. By providing ready-made homes, parents might inadvertently hinder their children’s ability to learn crucial financial lessons, such as budgeting, mortgage management, and property ownership responsibilities.

The trend also sparks debates on the long-term implications for the housing market. Critics argue that such parental interventions can distort property prices and exacerbate existing affordability challenges, particularly for younger individuals aspiring to enter the property market independently.

There’s a call for a broader societal discussion on the balance between parental support and fostering financial autonomy. While the intention is often rooted in care, the unintended consequences of sheltering adult children from financial realities are prompting a reassessment of this well-meaning practice.

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Victoria’s Secret criticized for trans woman’s apology

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Victoria’s Secret is facing backlash after issuing an apology to a transgender woman who had a negative experience while trying on bras at one of their stores.

The incident has ignited a debate about inclusivity and sensitivity in the fashion industry.

The controversy began when the trans woman, who remains anonymous, visited a Victoria’s Secret store to shop for bras. She reported feeling uncomfortable and discriminated against by store staff.

In response to her complaint, Victoria’s Secret issued an apology, acknowledging the incident and expressing their commitment to diversity and inclusion.

However, the apology itself has come under fire from both supporters and critics.

Some argue that the brand’s apology is insincere and merely an attempt to save face, while others believe it is a step in the right direction towards a more inclusive shopping experience for all customers.

The incident raises important questions about how brands should handle situations involving discrimination and whether their apologies are genuine or performative.

It also highlights the ongoing challenges faced by transgender individuals when accessing spaces traditionally designed for cisgender customers.

As the fashion industry continues to evolve, many are calling for a deeper examination of inclusivity and sensitivity, not just in policies but in practice.

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