By Kathryn Hardison

 

Abbott Laboratories is under investigation by the Justice Department over conduct at its infant-formula plant in Sturgis, Mich., that led to a shutdown last year, The Wall Street Journal reported, citing people familiar with the matter. Attorneys with the Justice Department's consumer-protection branch are conducting the criminal investigation, the people said. Shares declined 3.4% in after-hours trading.

 

Boxed Inc. on Friday disclosed up to $20 million in new financing, which Chief Executive Chieh Huang said will provide the company with more flexibility to execute its strategic vision and the strategic alternatives process. Shares surged 55% in after-hours trading.

 

Helbiz Inc. said it is looking to address alleged illegal short selling of its stock that it believes has artificially depressed the stock price. Shares climbed 27% in after-hours trading, continuing the 65% gain during Friday's regular session.

 

Write to Kathryn Hardison at kathryn.hardison@wsj.com

 

(END) Dow Jones Newswires

January 20, 2023 18:46 ET (23:46 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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