The FTC is taking action against PepsiCo, alleging that differential pricing strategies with large retailers, specifically targeting Walmart, harm smaller competitors and inflate consumer prices.
PepsiCo's response challenged the FTC's claims, stating that the lawsuit is 'wrong on the facts and the law' and expresses their intent to defend their pricing strategies vigorously in court.
FTC chair Lina M. Khan emphasized that the lawsuit aims to ensure fair competition among all retailers to drive skill and efficiency in the market.
The revival of antitrust actions against major corporations like PepsiCo under the Biden administration reflects a broader strategy to mitigate anti-competitive behaviors that raise consumer prices.
Collection
[
|
...
]