Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Xi Jinping’s surprise no-show at BRICS Summit fuels...
CoTec Holdings Corp. Announces Second Closing of Life...
Hempalta Secures 90-Day FCC Forbearance Extension as Company...
BTV Highlights: North American Iron, West Red Lake...
Crypto Market Recap: Crypto Rallies As “Big, Beautiful...
Quimbaya Gold Closes $4 Million Financing and Expands...
Syntheia Signs Definitive Agreement for Call Center Acquisition
Lithium Universe LtdInterview with Executive Chairman
Stallion Uranium to Resume Trading on the TSX-V and...
Top 5 Canadian Mining Stocks This Week: Mkango...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Business

FTC drops Biden-era suit accusing Pepsi of price discrimination

by admin May 24, 2025
May 24, 2025
FTC drops Biden-era suit accusing Pepsi of price discrimination

The Federal Trade Commission voted to dismiss a lawsuit filed in the last days of the Biden administration that accused PepsiCo of offering sweetheart pricing to big retailers.

FTC Chair Andrew Ferguson dissented to the suit when it was filed in January, when he was one of the regulator’s commissioners. Now the agency’s leader, Ferguson on Thursday again criticized the case as “a nakedly political effort to commit this administration to pursuing little more than a hunch that Pepsi had violated the law.”

“The FTC’s outstanding staff will instead get back to work protecting consumers and ensuring a fair and competitive business environment,” he said in a statement.

The FTC voted 3-0 to drop the suit. The panel is supposed to be made up of five commissioners, no more than three of whom can share the same political party. But it is currently led by three Republicans after President Donald Trump fired its two Democratic commissioners in March. The two ousted officials have slammed their removals as illegal and are urging a judge to reinstate them.

Pepsi welcomed the FTC decision Thursday. “PepsiCo has always and will continue to provide all customers with fair, competitive, and non-discriminatory pricing, discounts and promotional value,” a spokesperson said in a statement. Beyond its namesake soda, the company makes an array of snacks and other food products, including Doritos, Rold Gold pretzels and Sabra hummus.

Former FTC Chair Lina Khan, who led the commission when the agency brought its case against Pepsi, criticized the move Thursday as “disturbing behavior” by the agency.

“This lawsuit would’ve protected families from paying higher prices at the grocery store and stopped conduct that squeezes small businesses and communities across America,” she wrote on X Thursday evening. “Dismissing it is a gift to giant retailers as they gear up to hike prices.”

The decision comes little more than a week after top-ranking Democrats on Capitol Hill sent a letter to Pepsi demanding more information about its pricing strategy. They sought to revive a Biden-era focus on price-gouging as a driver of inflation, an argument that has taken a back seat to the Trump administration’s attention on purportedly unfair trade arrangements.

But major corporations continue to draw scrutiny from the White House over pricing in other ways. Last weekend, Trump slammed Walmart for warning that it was likely to raise prices to offset the costs of his import taxes, demanding on social media that it “EAT THE TARIFFS.”

In the days since then, other major consumer brands have appeared to tread cautiously around pricing. Target said Wednesday that charging customers more would be its “very last resort.” Home Depot virtually ruled out price hikes this week, and Lowe’s barely mentioned tariff impacts in its Wednesday earnings call at all.

CORRECTION (May 22, 2025, 8:45 p.m. ET): Due to an editing error, a previous version of this article misstated when congressional Democrats sent their letter to Pepsi. It was on May 11, not last weekend.

This post appeared first on NBC NEWS

previous post
Trump clears Nippon merger with U.S. Steel
next post
Editor’s Picks: ECB Issues Gold Warning, Uranium Stocks Jump on Trump Executive Orders

You may also like

Tesla stock sinks as Musk and Trump ridicule...

June 9, 2025

GM to invest $625 million in joint venture...

October 17, 2024

Boeing delivered 30 airplanes in December, but gap...

January 15, 2025

Chipotle to launch Adobo Ranch dip after sluggish...

June 11, 2025

How on-time rent payments can help ‘credit invisible’...

July 19, 2024

Markets are clamoring for the Fed to start...

August 2, 2024

Microsoft 365 working to address potential Outlook and...

November 26, 2024

Ford joins list of companies walking back DEI...

August 29, 2024

Walgreens to close 1,200 stores over the next...

October 16, 2024

White House freeze on federal aid won’t affect...

January 30, 2025

Recent Posts

  • Xi Jinping’s surprise no-show at BRICS Summit fuels speculation about China’s global standing
  • CoTec Holdings Corp. Announces Second Closing of Life Offering and Concurrent Private Placement
  • Hempalta Secures 90-Day FCC Forbearance Extension as Company Completes Certification of 2024 Carbon Credits
  • BTV Highlights: North American Iron, West Red Lake Gold Mines, Northisle Copper and Gold, Westport Fuels, US Gold, Orvana Minerals, Avino Silver & Gold, Pasofino Gold, & Mayfair Gold
  • Crypto Market Recap: Crypto Rallies As “Big, Beautiful Bill” Passes Congress

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (815)
    • Investing (2,462)
    • Politics (3,061)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.