The FTC has just announced that it's suing PepsiCo over an illegal practice it claims the company has been engaged in for years. Here's what to know.

Walmart declined to comment. "The FTC's action will help ensure all grocers and other businesses — no matter the size — can get a fair shake and compete on the merits of their skill, efficiency, and talent,

The Federal Trade Commission on Friday sued PepsiCo in a last-minute blitz of lawsuits before the end of the Biden administration, alleging that the beverage giant forced many consumers to pay higher prices by giving Walmart unfair pricing advantages.