Melvin Capital plans to close its funds and return the cash to its investors, capping a stunning reversal for a firm that lost big on the surge in meme stocks last year and on wagers on growth stocks this year. In a letter to investors that was reviewed by The Wall Street Journal, Gabe Plotkin, …
Melvin Capital to Close Funds, Return Cash to Investors Read More »
Baby-formula manufacturers and retailers say they are working to address a long-running shortage in products on store shelves, but the hardships facing U.S. families may take months to abate. Abbott Laboratories, ABT 2.01% producer of Similac baby formula, said it is bringing products from its factory in Ireland to the U.S. as it continues talks …
Baby Formula Shortage Could Leave Parents Scrambling for Months Read More »
Baby formula is getting harder to find. Nationwide, 40% of the most popular baby formula brands were out of stock in the week starting April 24, up from 31% two weeks earlier, according to the latest figures from Datasembly, which tracks out-of-stock messages on retailers’ websites and apps. A normal rate is less than 10%. …
Why Is There a Baby Formula Shortage? What to Know and Why It’s Getting Worse Read More »
