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Infant Formula Price Rigging / FTC Investigation #344772

CBS Evening News for Thursday, Jun 11, 1992
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(Studio: Dan Rather) Report introduced.

(Washington: Roberta Baskin) FTC (Federal Trade Commission) charges of bid rigging in the WIC food supplement program by Abbott Laboratories, Mead Johnson Nutritional Group, and American Home Products infant formula companies featured. [FTC Kevin ARQUIT, Senator Howard METZENBAUM - note impact on women and children.] [WOMAN - says the price is too high.] FTC (Federal Trade Commission) settlement with Mead Johnson and American Home Products, Abbott Labs' refusal to settle reported. [Mead Johnson president Donald HARRIS - denies FTC allegations.] Discussion held about whether this is the first action taken against infant formula makers.

Baskin, Roberta;
Rather, Dan

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