formula

He said: "I want to assure him that we are committed to addressing the concerns raised by the CMA so that the infant formula market delivers the better outcomes that parents deserve."

Blackpool South MP Chris Webb, himself a new parent, is calling for tighter pricing regulations on the sale of baby formula, amid concerns about rising costs and out-of-control marketing to new parents.

The high cost of baby formula is forcing many parents to "resort to extreme and unsafe measures to feed their babies", an MP has told the Commons.

Rumors of Penske’s interest in purchasing the Long Beach race have been swirling for months, with the long list of other interested buyers said to include the France family, founders of NASCAR; Mark Walter, chairman of the Dodgers’ ownership group; and Liberty Media, which has a stake in Formula 1 racing.

The purchase of the Grand Prix of Long Beach, the second-largest street race in the world behind only the Formula 1 Grand Prix in Monte Carlo, also marks Penske’s return to Southern California racing at a time when the sport appears to be in retrenchment.