Newsy Investigates The Baby Formula Monopolies

The video explores the impact of exclusive government contracts on the US infant formula market, highlighting how the WIC program creates monopolies that contribute to supply shortages. Abbott Laboratories, despite a history of legal issues, dominates these contracts, exacerbating the problem. Experts suggest regulatory changes and alternative suppliers to mitigate future shortages.

What are the implications of the exclusive government contracts awarded to infant formula suppliers?

How has the WIC program contributed to the current infant formula shortage?

What are the competitive advantages gained by companies that win WIC contracts?

How do the actions of the USDA and FDA influence the infant formula market?

Discuss the impact of Abbott Laboratories' criminal history on its ability to secure WIC contracts.

What role do lobbying efforts play in the dynamics of the infant formula supply chain?

What measures are being proposed to prevent future shortages of infant formula?