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- Coca-Cola Co KO and PepsiCo Inc PEP are facing Federal Trade Commission’s investigation on pricing practices.
- The probe is for violation of law prohibiting advantageous pricing, the Wall Street Journal reported.
- The law, known as the Robinson-Patman Act, prohibits manufacturers from charging different prices to competing resellers of their products if the practice threatens to hurt competition.
- Under Chair Lina Khan, the FTC has ramped up execution in antitrust matters. Khan said enforcement has been easy-going for decades.
- Price Action: KO shares are trading higher by 0.24% at $62.28, and PEP is up 0.15% at $178.12 in premarket on the last check Wednesday.
- Photo Via Wikimedia Commons
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