Bloomberg Abbott Laboratories is facing another probe into its role in last year’s baby formula shortage that left millions of American families scrambling for vital nutrition products. Last month, Abbott received a civil investigative demand from the US Federal Trade Commission seeking information in connection with its probe of companies that participate in bids for formula contracts, according to …

Bloomberg The US held aerial drills with South Korea and Japan in a show of force a day after North Korea’s intercontinental ballistic missile (ICBM) test, as tit-for-tat military moves added to simmering tensions in the region. South Korea and the US flew B-1B bombers escorted by their fighter jets on Sunday in the joint air drill, the Joint Chiefs …

  Bloomberg China and the European Union (EU) should prepare for a meeting of their leaders, Beijing’s top foreign policy official said, a sign of the Asian nation’s efforts to court Europe amid worsening ties with the US. In a meeting on the sidelines of the Munich Security Conference, Wang Yi urged EU counterpart Josep Borrell to help “bring bilateral …