The US Federal Trade Commission’s study of competition questions around the nationwide baby formula shortage highlights the severity and reach of the crisis.
The commission has said it will review mergers and acquisitions in the market and whether “regulatory barriers” prevented any foreign companies from entering it, among other issues.
The move sets the commission up to collaborate with other agencies on potential actions. It can recommend fixes to the system of tariffs that prevent most baby formula imports to US. The FTC could also weigh in on any effect a US Department of Agriculture program designed to provide funding ...