12 PM ET: Biden's mourning, baby formula shortage, US Navy wastes billions & more

President Joe Biden publicly mourned those who died from Covid-19 – we'll bring you the details as world leaders met to prevent another deadly pandemic from happening. Meanwhile, parents struggle to get their hands on baby formula and it could be weeks before things get better. Apple has lost its title as the world’s most valuable company – we'll tell you who bumped them. Ashley Judd has paid tribute to her mother, country music star Naomi Judd. Plus, we'll tell you why the navy wants to scrap billions of dollars worth of ships. To learn more about how CNN protects listener privacy, visit cnn.com/privacy