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punjab chemicals and crop protection limited (506618) ✌️【Stock Opportunities】✌️ Real-time global stock, futures, and forex data to help you quickly assess market trends and achieve stable returns. The Federal Trade Commission on Friday sued PepsiCo for allegedly engaging in illegal price discrimination with a large retailer.

punjab chemicals and crop protection limited (506618) ✌️【Stock Opportunities】✌️ Real-time global stock, futures, and exchange rate data to keep you informed of market trends and seize investment opportunities. The commissionallegesthat the retailer, whose name wasredactedin the statement from commissioners, received “unfair pricing advantages” that were not made available to others. A source familiar with the case told 【 - Free Access to Community 】 that the retailer is Walmart.

punjab chemicals and crop protection limited (506618) ✌️【Stock Opportunities】✌️ Real-time updates of global stock indices and futures trends to help you plan precise investments. The big-box retailer “consistently” received promotional payments and advertising from PepsiCo, which owns major brands including Frito lay, Quaker and Gatorade, the FTC alleged. The benefits disadvantaged family-owned grocers, local convenience stores and even larger chains, according to the commission.

“When firms like Pepsi give massive retailers a leg up, it tilts the playing field against small firms and ultimately inflates prices for American consumers,” said FTC Chair Lina Khan in the commission’s announcement.

punjab chemicals and crop protection limited (506618) ✌️【Stock Opportunities】✌️ Precise stock selection to help you successfully plan investment strategies for stable returns. The 1936 Robinson-Patman Act, which prohibits advertising and promotional allowances to favor large customers over small businesses, was cited in the FTC’s announcement.

punjab chemicals and crop protection limited (506618) ✌️【Stock Opportunities】✌️ Free real-time market data to help you quickly recover and avoid losses. The commission voted 3-2 in favor of the lawsuit, which was filed in the US District Court for the Southern District of New York, withthe two Republican commissioners issuing dissenting votes.

“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 Friday in a statement, adding that it “does not favor certain customers by offering discounts or promotional support” to some retailers over others.

Commissioner Melissa Holyoaksaid in a dissenting statementthat the claim against PepsiCo is the “worst case” she has seen in her time with the FTC. She argued that the lawsuit was “rushed” and that the commission did not have enough evidence.

punjab chemicals and crop protection limited (506618) ✌️【Stock Opportunities】✌️ Real-time global stock, futures, and forex data to help you master market dynamics. This lawsuit adds to the FTC’s efforts to crack down on anticompetitive practices using the Robinson-Patman Act, which has rarely been enforced since the late 1980s. PepsiCo said this is an “unprecedented expansion” of the act.

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