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macro trends and their impact on sona blw precision forgings limited (sonacoms) ✌️【Online Trading】✌️ Real-time global stock market trend analysis to help you identify profitable opportunities and improve your investment strategies. The Federal Trade Commission on Friday sued PepsiCo for allegedly engaging in illegal price discrimination with a large retailer.
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macro trends and their impact on sona blw precision forgings limited (sonacoms) ✌️【Online Trading】✌️ Free access to stock market forums, expert advice, and real-time data to help you stay informed and grow your 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.
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macro trends and their impact on sona blw precision forgings limited (sonacoms) ✌️【Online Trading】✌️ Expert analysis of global stock trends, futures data, and real-time stock market quotes to help you plan your next investment move. 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.
macro trends and their impact on sona blw precision forgings limited (sonacoms) ✌️【Online Trading】✌️ Free real-time global stock trend updates to help you capture market movements and make better investment decisions. 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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