A crackdown on what officials call “unconscionable” costs comes as out-of-stock rates for baby formula hit new highs at 70 percent. Wisconsin’s Governor issues an emergency order prohibiting price gouging, while New York’s attorney general threatens several dozen retailers with “legal consequences” for overcharging. Consumer watchdogs say there is no federal law prohibiting price gouging, and while some platforms do have policies banning the practice, they’re often not enforced.» Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
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#BabyFormula #SupplyChains #Babies
Officials Crack Down On Baby Formula Price Gouging
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I like how NBC is totally ignoring the gas and other price gouging
We aren't living in the 80s or 90s when people were easily manipulated by media…
Maybe congress should enforce anti trust laws on the formula industry and we wouldn’t even be in this situation to begin with.
WHY WE PAYING 4.80 AT THE PUMP
It is EVIL for government to tell people the prices that can be charged for goods or services. People ALWAYS HAVE A CHOICE TO BUY ELSEWHERE! Government controlling prices takes away the incentive for others to compete for the sales of such goods. Thus leading to shortages.
Millions of people would be self employed doing simple jobs and services if there weren't government restrictions, fees, and useless license requirements. Corporations would be forced to compete and offer higher wages to get such people to work for them instead of being self employed.
Alright so when are we going to start charging hospitals for price gouging
I thought Biden fixed this?
I wish official’s would crack down on Joe Biden’s price gauging.
This always goes unpunished! I hate when people say "they can't do that!" Well they did!
Lol this is not capitalism, socialist countries always have shortages and black market because vendors are not allowed to raise prices then people will buy 100 baby formula and sell on the side for even higher price
why is no one breast feeding??
WAIT OVER 25 FOOD PLANTS CONVENIENTLY DESTROYED AND NOT ONE OF THESE NEWS MEDIA OUTLETS HAVE BROUGHT THIS TO LIGHT
BOTH PARTIES AIN'T S*** BECAUSE BOTH PARTIES ARE DOING THE SAME S***
WHY WOULD THESE GOVERNMENT OFFICIALS SPEND ALL THESE TRILLIONS OF DOLLARS ON WARFARE ESPECIALLY WHILE THERE ARE HOMELESS AND HUNGRY HUMANS WORLDWIDE
WHY ARE ALL THESE WORLD LEADERS JOINING FORCES WITH NATO KNOWING THAT THEY ARE A EUROPEAN ORGANIZATION
THEY TEACH THEIR CHILDREN TO PROTECT THEMSELVES KNOW THEIR RIGHTS AND TO SHOOT AR-15S AT A EARLY AGE
YET THEY ARE ATTEMPTING TO TAKE AWAY OUR RIGHTS BY TELLING US THAT WE HAVE TO GET FOID CARDS
THESE ACTS ARE ALWAYS DIRECTED TOWARDS BLACK HISPANIC AND NATIVE COMMUNITIES
'There are JEWISH PEOPLE who call themselves Yahuuahshayahuuahlah aka Israel yet are not Yahuuahshayahuuahlah aka Israel.
Get out of my face I do not know you, you are the synagogue of SATAN."
Resident Biden’s Amerika. Crime out of control. Mass shootings every month. Gas prices through the roof. Food prices through the roof . High interest rates, home prices through the roof. Car prices through the roof.Illegal aliens flooding across the border. 800,00 Covid deaths in his watch with 3 vaccines and billions of masks. Resident Biden and the criminal democrats stole the 2020 election. Now look at this mess.
Look on EBay! People have been buying it up and tripling the price! Disgusting!
What' are the consequences for gasoline/basic necessities price gouging ??
wicked HYPOCRITES !!!!!!!!!
As usual, government keeps creating more problems and has no clue how economics works. Supply of formula has fallen 55
why would anyone had kids during a pandemic?????!!!
People have already been charged for fined this year for hoarding formula and reselling it. Luckily, stock is getting more readily available in my big area. The big organic markets never saw shortages thorough out the formula shortage. It’s mainly certain types as many organic, similac advanced and Gerber is well stocked. I understand some babies only take certain formulas. They should have compared or seen back in 2020 when it was worse. My cousin had to drive to multiple different stores in 2020 just for non-diary formula of kind/brand while she wouldn’t have to now but my niece drinks real non-diary milk now so not needed.
Food and gas is next seriously it's $4.99 here that's outrageous and my chicken wings frozen are $18 just for a 5pd bag. This is getting out of hand! Price gouging should be illegal period!
But not gas ….America 😂🤣😂🤣😂🤣😂🤣
You think there's a reason why everything has doubled in price in the last year well I'll tell you what it's certainly not because of price gouging
That's the Democrats excuse for everything now price gouging gas is $5 a gallon because of price gouging inflation is 10% because of price gouging our Southern border is wide-open because of price gouging yeah that's it it's all about price gouging nothing to do with your worthless excuse for a president
What took soooo long. What about price gouging on all groceries and gas price gouging?
Send the guns to Australia and pick up baby formula with usaf transport aircraft immediatly , the babies are starving
FDA closes abbott plant. other government officials look for price gouging caused by the abbott plant being closed. joetato so old, slow and stupid. he can't keep up
Capitalism is dead at the hands of Greed.
maybe it will make lazy women start breast feeding again . You would think in alot of cases they cant its not the case "WOKE" women choose not to
You are not the .5% and you are not the 10% 750$ for the epipen, USA
A better world is coming! 😀😀 A world where everyone has their own home and live without anxieties on a paradise earth. Jehovah God's Kingdom ruled by Christ Jesus will accomplish this! Isa 65:21-25
Start buying formula from other countries in bulk if u have too … drive to Canada , Mexico … and buy years worth…. It’s not gonna ease anytime soon , we seen supply and demand this is just gonna get worst… good luck ,
ForbesTv
On Amazon, 3 pack of this formula 303.00
So basically killing babies. Price reduced demand for those who don't really need it. These politicians should be strung up and charge with capitol crimes. It is a shame that it took Joe dementia 4 months until he stqrt s missing his formula meals before he realized their was a shortage.
They did warn you that kids are expensive 😂
This is the dark side of capitalism. Money does not care. If something is in short supply……who has the most money determines who gets it.
what happen to good old fashion Breast feeding? wtf
Crack down on gas next
This is what happens when unrestricted big business is driven by greed… what about big oil… there is no reason the the price increases.
yea but trumps mean tweets are gone so people should be happy.
C'mon this baby formula shortage is because American's couldn't manage a party at a brewery.
You would think that Americans would be sick of being laughed at by the rest of the world.
This is not a supply issue, this is supply at higher cost exploitation.
NOW CRACK DOWN ON GAS PRICE GOUGING
DUH ⛽
Have a crack down on Chicken gouging as well. Paid 20$ for one pack of Chicken thighs yesterday. Never thought I'd see the day.
It’s weeks away because no one has seen the relief from this shortage. It’s not like the stores have improved
It's not true I've been hauling 42,000 pounds of formula from pheonix to storage facilities including the one called
SUBTROPOLIS MISSOURI
I'm 32 a army vet
I get chills knowing they are lying
I have no idea why they are hiding all of it
I have bill of ladings and pictures
I personally hauled more this week then they so called flew in from other countries
Please,,im from NZ,, not understand,,,America stands for supply and demand capitalism,,prices fluctuate on the stock market,,but when baby formula operates like that its all a sudden "gouging "",,capitalism is gouging you fools,,
None of these directives justify a legal price gouging claim. You've been dooped. Gobble gobble 🦃