Bloomberg Intelligence
US Jobs Surge Reignites Fed Debate
Jun 7, 2024
Experts discuss the US job surge and market reactions. Bond market reporter talks about Wall Street impacting apartment investors. Editor covers the municipal bond market trends. CEO of Bobbie addresses the issue of infant formula shortage in the US.
45:53
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Quick takeaways
- Bobby aims to revolutionize infant formula quality through domestic manufacturing investment and advocating for legislative changes like the Infant Formula Made in America Act.
- The recent shortage of infant formula in the U.S. underscores the need for incentivizing diversified domestic manufacturing to prevent future supply shocks and ensure consistent supply.
Deep dives
Bobby's Mission to Reinvent Infant Formula Quality
Bobby aims to revolutionize infant formula quality by investing $100 million in domestic manufacturing facilities. The company's commitment to producing organic, pasture-raised infant formula is driven by the imperative to provide superior nutrition for babies, surpassing outdated standards of formula quality. Laura Moudy, Bobby's CEO, advocates for passing legislation like the Infant Formula Made in America Act to incentivize diversified manufacturing and ensure resilience in the infant formula supply chain.
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