Investors are piling into Bubs Australia Ltd (ASX:BUB) today after the baby formula producer announced it has signed major supply agreements with Kroger and Albertsons in the US amid the baby formula shortage crisis in the country. Bubs will be stocks in more than 4000 stores across 35 states in the US after signing the two agreements.

Breville Group Ltd (ASX:BRG) shares are rallying today after the global small appliance maker provided an update. Breville announced it has agreed to acquire 100% of Italian-based prosumer coffee group, LELIT, and the company also reconfirmed that it expects the 2022 financial year EBIT to be in line within previous guidance.

And Air New Zealand Ltd (ASX:AIZ) shares are taking a hit today after the airline provided an update on its outlook for the 2022 financial year including its expectation that the full year result will be a loss of less than $750 million New Zealand Dollars.