FTC dismisses lawsuit against PepsiCo that was filed by Biden-era FTC

The Republican-controlled Federal Trade Commission voted Thursday to dismiss a lawsuit against PepsiCo that the previous commission filed in the waning days of the Biden administration. The lawsuit, filed in January, alleged that PepsiCo was giving unfair price advantages to Walmart at the expense of other vendors and consumers. When the lawsuit was filed, Democrat Lina Khan was the FTC’s chairwoman, and she was joined in support of the lawsuit by Democratic Commissioners Rebecca Slaughter and Alvaro Bedoya.

Associated Press Finance

1 hour ago