Trump Loaded Up on Abbott Laboratories Stock Before His DOJ Dropped Criminal Probe

DOJ ends investigation into infant formula company linked to deadly cronobacter outbreak

The Department of Justice has closed its investigation into Abbott Laboratories, the manufacturer of infant formula that was tied to a 2021-22 outbreak of cronobacter infections.Four babies were sickened and two died in the outbreak. All four were fed Abbott’s infant formula. After the outbreak, Abbott recalled its Similac, Alimentum and EleCare formula and closed a manufacturing plant, leading to a severe nationwide shortage of infant formula. …

Trump Loaded Up on Abbott Laboratories Stock Before His DOJ Dropped Criminal Probe

Abbott, which donated $500,000 to the president's inaugural fund, faced an investigation stemming from alleged deadly contamination at one of its baby formula plants in Michigan.

500,000 Reasons to Drop a Criminal Investigation

The Wall Street Journal reported on June 28 — in a story headlined “The Baby Formula Probe Produced a Pile of Evidence. Then the DOJ Dropped the Case.” — that the Justice Department has quietly closed its years-long criminal investigation into Abbott Laboratories over the contamination at its Sturgis, Michigan infant-formula plant. Reuters picked it up the same day.According to the Journal, some of the prosecutors on the case believed they had t…