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ptc india financial services limited (533344) hits 52 week high ✌️【Stock Market】✌️ Expert predictions of stock trends with real-time stock indices, futures, and metals, energy quotes to help you seize investment opportunities. The Federal Trade Commission on Friday sued PepsiCo for allegedly engaging in illegal price discrimination with a large retailer.

ptc india financial services limited (533344) hits 52 week high ✌️【Stock Market】✌️ Provides real-time stock index quotes, futures data, and global market trend analysis to help you seize the best investment timing. 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 Stock Market Query 】 that the retailer is Walmart.

ptc india financial services limited (533344) hits 52 week high ✌️【Stock Market】✌️ Real-time global stock, futures, and forex data to help you master market dynamics. 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.

ptc india financial services limited (533344) hits 52 week high ✌️【Stock Market】✌️ Free real-time global stock indices and data to help you grasp stock market trends and achieve capital growth. 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.

ptc india financial services limited (533344) hits 52 week high ✌️【Stock Market】✌️ Expert predictions with real-time stock indices, futures data, and metals, energy market data to help you seize the best investment opportunities. 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.

ptc india financial services limited (533344) hits 52 week high ✌️【Stock Market】✌️ Real-time global stock, futures, and forex data to help you quickly assess market trends and achieve stable returns. 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.

ptc india financial services limited (533344) hits 52 week high ✌️【Stock Market】✌️ Free stock selection service with professional advisors offering the best investment portfolio for stable growth. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Stock Market Query 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.

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