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Stock impact report

FTC drops Biden-era suit accusing Pepsi of price discrimination [Yahoo! Finance]

Lowe's Companies, Inc. (LOW) 
Last lowe's companies, inc. earnings: 2/26 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
FTC Chairman 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 A PepsiCo spokesperson didn't immediately respond to a request for comment. Beyond its namesake soda, the co Show less Read more
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