Coca-Cola, PepsiCo Face FTC Probe On Pricing Practices: Report

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.
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