FTC Launches Investigation Into Potential Collusion Among Baby Formula Makers

The Federal Trade Commission is investigating whether baby formula manufacturers coordinated bidding on government contracts.
The investigation is focused on the major formula makers, including Abbott Laboratories, the maker of Similac, and Nestle, the maker of Good Start.
The FTC is looking into whether the companies colluded to maintain control of the baby formula market, particularly the market served by the Special Supplemental Nutrition Program for Women, Infants, and Children, or WIC.
The four largest baby formula companies control 90 percent of the U.S. market.
The investigation comes after a nationwide shortage of baby formula caused by recalls and supply chain issues at Abbott Laboratories.