Recently, there was a big New York Times article about how you were participating in a Health and Human Services meeting about formula um with some of the big manufacturers of formula. And the article was not so much about you participating, but more about the backlash that that drew from some of your uh some of your customers who didn't like the policies of um RFK Jr. . around vaccines and the like.What exactly went on there. So, let's unpack that a little bit. Since day one, Bobby has fought for anything ...

Core Insights - The infant formula market has been stagnant for decades, with little innovation despite changes in other consumer products [3][4] - The market is dominated by a few key players, primarily Reckitt and Abbott, who together hold nearly 70% of the market share as of 2022 [5] - A significant event, Abbott's formula manufacturing shutdown in 2022, highlighted the risks associated with market concentration and the implications for supply availability [6] Company Insights - Bobbie, co-founded by Laura Modi, aims to disrupt the infant formula industry by introducing innovative products and changing the cultural perceptions around infant feeding [1][2] - The company has a co-manufacturing relationship with Perrigo, which acquired Nestle's U.S. and Canada-based formula business in 2022 [5] Industry Insights - The infant formula market is characterized by a duopoly, with limited competition leading to a lack of innovation [4][5] - The Federal Trade Commission's report during the 2022 formula shortage underscored the vulnerabilities in the market structure and the need for increased competition [5][6]

Group 1 - Jin Xing Beer launched two new products: Jin Xing Ice Sugar Hawthorn Chinese Craft Beer and Jin Xing Qing Jiao Chinese Craft Beer, combining unique flavors with traditional elements [4] - Minor Figures introduced Hyper Oat, a new line of oat drinks focusing on both taste and functionality, available in four unique flavors [4] - Birkenstock 1774 launched the Arizona CosNy new product series, featuring minimalist designs and durable materials [4] Group 2 - Luzhou Laojiao unveiled two new products during the Jiao Zhu Festival, emphasizing the integration of traditional liquor culture with modern healthy lifestyles [5] - Yuanqi Forest launched a new plant-based drink called "Slow Boil," developed over two years in collaboration with young consumers [5] - Lay's relaunched its spicy series of potato chips with three levels of spiciness, catering to diverse consumer preferences [7] Group 3 - The first shared store between Lianjia and Luckin Coffee opened, allowing customers to handle real estate transactions while enjoying popular coffee products [10] - Alien Electrolyte Water collaborated with the show "Big Detective" to launch a limited edition product, featuring low-sugar coconut-flavored electrolyte water [10] - Michael Kors opened a limited-time tea and alcohol shop in Hangzhou, showcasing its new spring-summer collection [10] Group 4 - Bobbie launched an organic whole milk infant formula, certified by the USDA, emphasizing quality and safety [22] - Suntory released a limited edition "Master's Dream" beer with an alcohol content of 4.5%, themed around Japan's seasonal changes [23] - Panpan Beverage introduced a new Chenpi water product, combining traditional ingredients for digestive health [24] Group 5 - KIKO Milano appointed Patricia Ho as the new head for the Asia-Pacific region, following a majority stake acquisition by L Catterton [27] - Charlotte Tilbury's founder made a live debut in China, promoting new products in collaboration with influencer Li Jiaqi [30] - Proya became the first beauty group in China to achieve over 10 billion yuan in revenue, reporting a 21.04% year-on-year growth [31]