FTC reportedly investigating Coke, Pepsi for price discrimination

FTC reportedly investigating Coke, Pepsi for price discrimination

The Federal Trade Commission has started a preliminary investigation into possible price discrimination by beverage giants Coca-Cola Co. and PepsiCo Inc., according to a Politico report late Monday. Citing four people with knowledge of the probe, Politico reported that the companies are being investigated for potentially violating a little-used 1936 law that bans suppliers from…

As U.S. fails to crack down on Big Tech, Europe shows what progress looks like

As U.S. fails to crack down on Big Tech, Europe shows what progress looks like

With no significant antitrust legislation included in the sweeping omnibus spending bill that will wrap up this session of Congress, American lawmakers might want to look overseas, where Big Tech is briskly acting in accordance with new European laws and crackdowns. Some U.S. public policy advocates were hopeful that Big Tech’s recent cooperation with the…

Taylor Swift fans sue Ticketmaster over ticket-sale fiasco

Taylor Swift fans sue Ticketmaster over ticket-sale fiasco

More than two dozen Taylor Swift fans sued Ticketmaster in a California court for anticompetitive and fraudulent behavior after they alleged the company blocked them from buying tickets this past month to the musician’s concerts. In the lawsuit, filed in Los Angeles County Superior Court, the fans said Ticketmaster knew the sale would be plagued with issues in part…

Epic, Apple take App Store antitrust battle to federal appeals court

Epic, Apple take App Store antitrust battle to federal appeals court

Longtime combatants Epic Games Inc. and Apple Inc. were back in court Monday, making their case on whether the tech giant’s app store has unlawfully enriched its $2.38 trillion status via a so-called “walled garden,” which acts as a bulwark for the store. Epic, the company behind the popular “Fortnite” videogame, revived its case that…

Rexel probe, Schneider Electric and Legrand indicted after French pricing probe

Rexel probe, Schneider Electric and Legrand indicted after French pricing probe

Rexel SA said Friday that one of its business units has been placed under formal investigation for an alleged breach of French competition rules governing prices. The company RXL, -2.28% said it has been required to set aside a 20 million euro ($19.6 million) bank guarantee and a cash guarantee of EUR48 million to be…

FTC will drop Mark Zuckerberg from Meta antitrust lawsuit

FTC will drop Mark Zuckerberg from Meta antitrust lawsuit

The Federal Trade Commission said it would drop Mark Zuckerberg from a lawsuit filed last month seeking to block Meta Platforms Inc. from buying a small virtual-reality company. In return, the Meta META, -1.19% chief executive agreed not to purchase the startup, Within Unlimited Inc., and its fitness app called Supernatural, in his personal capacity or through any other…