When will the baby formula shortage end — and how is New York tackling price gouging?
Baby Formula,Economy And Jobs,New York
A new poll shows the vast majority of American adults are worried about the baby formula shortage — and Food and Drug Administration officials say the crisis is unlikely to be resolved before July.
“My expectation is that within two months we should be beyond normal, and with a plethora,” Food and Drug Administration Commissioner Robert Califf told a Senate health committee this week. “It’s going to be gradual improvement up to probably somewhere around two months until the shelves are replete again.”
Meanwhile, New York Attorney General Letitia James announced Thursday that she’d sent cease-and-desist letters to 30 New York retailers her office accuses of gouging consumers on the price of formula, CBS News reported.
“New York’s price gouging statute prohibits merchants from charging excessive prices for essential goods or services during abnormal market disruptions,” according to a release from her office. And while she didn’t name suspected offenders, James noted they were a mix of brick-and-mortar and online stores, most in the New York City area.
The letters followed a request earlier in the month by James that people report gouging if they saw it.
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