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(Reuters) - Shares in Bubs Australia surged on Monday after U.S. health authorities approved imports of its infant formula to help address a severe shortage and U.S. President Joe Biden tweeted "the good news".
Bubs plans to ship at least 1.25 million cans of its baby formula and has 500,000 tins ready for immediate export.
It shares were up 40% or 19 cents at A$0.68 in early afternoon trade, valuing the company at A$417 million ($300 million).
The U.S. baby formula crisis was triggered when ...
>>> Read more: Shares in Bubs Australia jump on exports to United States, Biden tweet
Bubs plans to ship at least 1.25 million cans of its baby formula and has 500,000 tins ready for immediate export.
It shares were up 40% or 19 cents at A$0.68 in early afternoon trade, valuing the company at A$417 million ($300 million).
The U.S. baby formula crisis was triggered when ...
>>> Read more: Shares in Bubs Australia jump on exports to United States, Biden tweet
