00:00It's Benzinga, bringing Wall Street to Main Street.
00:02French authorities opened investigations into Nestle, Danone, Lactalis, BabyBio,
00:08and Lawmark Enmoins after multiple recalls of infant formula linked to possible cirulide
00:13contamination, according to CNBC. The Paris prosecutor cited alleged deception over goods
00:19posing a danger to human health, an offense punishable by up to seven years in prison
00:23and a $4.45 million fine. Nestle said it detected traces of cirulide in December
00:29and recalled 25 products in 16 European countries.
00:33Recalls have since expanded to more than 60 countries.
00:36The French health ministry is reviewing three reported baby deaths.
00:39For all things money, visit Benzinga.com.
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