Mead-Johnson Nutrition Says Formula Tests Show No Bacteria Tuesday, December 27, 10:12 AM ET
Mead-Johnson Nutrition (NYSE:
MJN) said today it has conducted a new round of tests on a batch of its Enfamil Newborn powdered formula, and did not detect any presence of Cronobacter bacteria.
The company said it can say with confidence that the formula is safe.
An infant in Missouri died last week due to the rare bacteria after being fed the brand of formula, and the U.S. Food and Drug Administration began an investigation.
Mead-Johnson noted the test results are consistent with independent media tests, and that the FDA is expected to begin testing for environmental sources of the Cronobacter involved in the case.
Retailers, including Wal-Mart (NYSE:
WMT), Walgreen ( WAG), Kroger (NYSE: KR), Supervalu (NYSE: SVU) and Safeway ( SWY) had pulled the formula from shelves last week.
Mead-Johnson shares are trading higher Tuesday.
For MarketNewsVideo.com, I'm Sayoko Murase.
Tuesday Sector Laggards: Airlines, Entertainment Stocks
Related symbols: CPA, ALGT, HKTV, WWE
Tuesday Sector Leaders: Oil & Gas Exploration & Production, Precious Metals
Related symbols: BCEI, BTE, AUY, HMY
Monday Sector Laggards: Metals & Mining, Railroads
Related symbols: LSG, UUUU, CSX, NSC
Tuesday's ETF with Unusual Volume: PXE
Related symbols: PXE, CHK, DNR, QEP, HFC
Tuesday's ETF Movers: XOP, IYT
Related symbols: SGY, CRZO, UAL, DAL, IYT, XOP
EWU, PAF: Big ETF Outflows
Related symbols: EWU, PAF, CBA, WBC
Daily Dividend Report: BDX, HRL, VAL, LG, FGP, DSW, CHS
Related symbols: BDX, HRL, VAL, LG, FGP, DSW, CHS
Daily Dividend Report: CBU, LUV, WLK, UGI, ORI, GME, DCI, CINF
Related symbols: CBU, LUV, WLK, UGI, ORI, GME, DCI, CINF
Daily Dividend Report: NKE, A, HD, PEP, UNP, YUM, APD, WMB, PPL
Related symbols: NKE, A, HD, PEP, UNP, YUM, APD, WMB, PPL
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
Mead-Johnson Nutrition Says Formula Tests Show No Bacteria
| Market News Video | Copyright © 2008 - 2015, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.