The Federal Trade Commission (FTC) sued PepsiCo, alleging it engaged in illegal price discrimination by giving unfair price advantages to Walmart at the expense of other vendors and consumers. The FTC says PepsiCo's practices, including promotional payments to Walmart, let the retailer lower its prices but force other Americans to pay more. PepsiCo denies the allegations, stating its practices are in line with industry norms.
Supreme Court backs law banning TikTok if it's not sold by its Chinese parent companyThe Afternoon WireOhio Lt. Gov. Jon Husted will succeed JD Vance in the US SenateTony Award-winning British actor Joan Plowright, widow of Laurence Olivier, dies at 95Supreme Court backs law banning TikTok if it's not sold by its Chinese parent companyA meteorite strike was captured on video by a Canadian home's doorbell cameraPolice took over a week to name the NYC subway burning victim.
“PepsiCo strongly disputes the FTC’s allegations and the partisan manner in which the suit was filed. We will vigorously present our case in court,” the company said in a statement. “We do not favor certain customers by offering discounts or promotional support to some customers and not others,” the company said.
Price Discrimination FTC Pepsico Walmart Consumer Protection
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTC Sues PepsiCo for Alleged Price DiscriminationThe Federal Trade Commission (FTC) has accused PepsiCo of illegally favoring Walmart with preferential pricing, harming smaller retailers and potentially inflating consumer costs. PepsiCo denies the allegations, claiming its practices are standard industry norms.
Read more »
FTC sues PepsiCo, alleging price discrimination is raising costs for consumersThe Federal Trade Commission is suing PepsiCo for alleged price discrimination in the final days of the Biden administration.
Read more »
FTC Sues PepsiCo for Illegal Price DiscriminationThe Federal Trade Commission (FTC) filed a lawsuit against PepsiCo, alleging the beverage giant engaged in illegal price discrimination by offering more favorable prices and promotional support to Walmart compared to its competitors. The FTC claims Pepsi violated the Robinson-Patman Act, which prohibits sellers from providing different prices to competing buyers for the same commodity. Pepsi denied the allegations, stating their practices are consistent with industry norms and they do not favor certain customers. The complaint, filed in the Southern District of New York, is partially sealed, with a substantial portion of the alleged violations redacted to protect legal interests. The FTC is seeking to lift these redactions to demonstrate how Pepsi violated the law and how those actions resulted in higher prices for competing retailers.
Read more »
FTC Accuses OptumRx of Inflating Prices of Specialty Generic DrugsThe Federal Trade Commission (FTC) is accusing OptumRx, UnitedHealth Group's pharmacy benefit manager (PBM), of inflating the cost of numerous specialty generic drugs by thousands of percent, and many others by hundreds of percent. The FTC alleges that Optum, along with PBMs associated with Cigna and CVS, engaged in price gouging on drugs like imatinib (the generic version of Gleevec), abiraterone (a prostate cancer drug), and lamivudine (an HIV medicine). The FTC found that these markups resulted in hundreds of millions of dollars in profits for the companies at the expense of patients.
Read more »
FTC refers Snap complaint alleging its chatbot harms young usersIn a rare move, the FTC issued a statement that revealed it referred a complaint against Snap to the DOJ, alleging an AI-powered chatbot is harmful to users.
Read more »
UnitedHealth Charged Cancer Patients 5000%, Bombshell FTC Report ClaimsWholesalers made huge profits on two specialist cancer drugs, the FTC said
Read more »