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Stock impact report

California Unseals Evidence Supporting Price-Fixing Allegations Against Amazon [Yahoo! Finance]

Newell Brands Inc. (NWL) 
Last newell brands inc. earnings: 5/1 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
practices as his office released evidence showing Amazon pressured vendors to raise prices across competitors' platforms, according to the AG's office and the court filing “Amazon doesn't have cheap prices because of its good business sense. Amazon's ‘cheap' prices are the result of intimidation and illegality that drove up prices for consumers across the marketplace,” stated California Attorney General Rob Bonta. (Photo illustration by Cheng Xin/Getty Images) Getty Images Key Facts The evidence presented to the court involved products from Levi's, Hanes, Newell Brands, Allergan, SkullCandy, Westinghouse, pet supplier GlobalOne, Agrothrive, BabyVision, Maxi-Matic, Songmic and others. The filing claimed Amazon exerted pressure on first-party vendors to raise product prices—or remove listings entirely—on Walmart, Target, Chewy, Best Buy, Home Depot and Wayfair, warning their Amazon listings could be suppressed unless they complied. The filing cites an example in which Amazon Show less Read more
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