Robert Besser
28 May 2025, 00:26 GMT+10
NEW YORK CITY, New York: This week, the U.S. Federal Trade Commission (FTC) dropped its lawsuit against PepsiCo, which had accused the company of giving Walmart better prices than other stores.
The case claimed this was unfair and violated the Robinson-Patman Act, which hasn't been used much in recent years.
The case was filed in New York on January 17, just before President Donald Trump took office. Current FTC Chairman Andrew Ferguson criticized former Chair Lina Khan for rushing the case, saying, "Taxpayer dollars should not be used for legally questionable political stunts."
PepsiCo said it always offers fair and competitive prices, discounts, and promotions to all customers. Walmart has not commented yet.
The FTC had argued that PepsiCo's pricing gave Walmart an unfair advantage and hurt other stores—both big grocery chains and small convenience shops—leading to higher prices for shoppers.
Khan posted on social media platform X that the dismissal of the case was "a gift to giant retailers as they gear up to hike prices. "
Get a daily dose of Broadcast Communications news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Broadcast Communications.
More InformationNEW YORK CITY, New York: This week, the U.S. Federal Trade Commission (FTC) dropped its lawsuit against PepsiCo, which had accused...
WASHINGTON, D.C.: New single-family home sales in the U.S. rose sharply in April to their highest level in over three years as builders...
VEVEY, Switzerland: Nestle is realigning its focus on its core food and beverage operations after expanding into areas like health...
DEARBORN, Michigan: Ford Motor Company has filed a lawsuit against several California lawyers and law firms, accusing them of cheating...
BRUSSELS, Belgium: U.S. drugmakers are charging significantly more for new treatments, particularly those targeting rare diseases,...
MINNETONKA, Minnesota: UnitedHealth shares took a sharp hit this week, after a report by the UK's Guardian alleged the healthcare giant...
SHARJAH, 7th May, 2025 (WAM) -- The Sharjah Broadcasting Authority (SBA) recently took part in the 76th World News Media Congress,...
The Foreign Ministrys Tatyana Dovgalenko has emphasized that the media plays a key role in supporting the momentum in Russia-Africa...
SMPL New Delhi [India], May 27: India's media landscape just welcomed a powerful new entrant with the official launch of MKN News,...
Mumbai (Maharashtra) [India], May 22 (ANI): Veteran actor Mukesh Khanna lauded the central government and the armed forces for Operation...
Immigrants vying for U.S. citizenship is being pitched for reality TV exploiting the migrant story is nothing we haven't already seen....
NEW YORK, May 27 (Xinhua) - The National Public Radio (NPR) and three Colorado public radio stations filed suit in federal court on...