Popular milk company recalls baby formula as shares plummet
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The A2 Milk Company has recalled three batches of baby formula imported to the US due to the presence of a highly potent toxin.The announcement today caused the Auckland-based company's shares to plummet on the ASX by 12 per cent from $7.27 to $6.49, wiping hundreds of millions of dollars off its market capitalisation.The company detected cereulide in the A2 Platinum Premium formula for infants 0 to 12 months old after additional testing was needed to comply with New Zealand's food reg
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