From the Sydney Morning Herald, "An Australian baby formula company has sealed a mega deal to send more than a million tins to desperate parents in the United States, with President Joe Biden spruiking the deal on Twitter himself."
“I’ve got more good news: 27.5 million bottles of safe infant formula manufactured by Bubs Australia are coming to the United States,” Biden tweeted on Saturday local time.
"The company secured approval from the US Food and Drug Administration (FDA) on Saturday morning (AEST), allowing it to export six of its baby formula products to the US to help fill the country’s dwindling shelves."
Could be interesting to keep an eye on their stock price.
Comment
⋅
BIG move as expected. Up almost 80% before settling back down. Will be interesting to see what it does over the next few weeks and where it settles.
Comment
⋅
Another good up day for BUB on the back of another major deal:
"MAJOR NEW USA SUPPLY AGREEMENTS WITH KROGER AND ALBERTSONS FIRST FLIGHT OF BUBS INFANT FORMULA TO BE DISTRIBUTED IN 35 STATES TO FAMILIES IN NEED"