By Katherine Hamilton
The Federal Trade Commission voted to dismiss a lawsuit against PepsiCo alleging the company was engaging in price discrimination.
FTC Chairman Andrew Ferguson said Thursday the agency was dropping the suit because it felt the Biden administration rushed to authorize it.
The suit, filed three days before President Trump's inauguration, claimed the beverage company provided promotional pricing deals to a single big-box customer, but didn't give the same incentives to other retailers. The Wall Street Journal reported Walmart was the customer getting extra perks.
"Taxpayer dollars should not be used for legally dubious partisan stunts," Ferguson said, calling the suit a "nakedly political effort."
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
May 22, 2025 16:14 ET (20:14 GMT)
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