Democrats have placed renewed pressure on U.S. multinational food and drink giant PepsiCo to explain its pricing strategy amid ongoing concerns about the rate of inflation in the first months of Donald Trump’s presidency.
The New York-based corporation was sued by the U.S. Federal Trade Commission (FTC) on January 17 this year, the final trading day of Joe Biden’s tenure in the White House. The commission accused the corporation of “rigging soft drink competition” by allegedly giving an unnamed big-box retailer a more favorable pricing deal than its rivals.
