Pepsi sued by federal regulators for giving Walmart preferential soft-drink pricing
The Federal Trade Commission said Friday that it is suing PepsiCo for illegal price discrimination, alleging the food and beverage giant gave an unnamed retailer more favorable prices than its competition. Walmart is the unnamed retailer, people familiar with the matter told CNBC. The FTC alleges Pepsi
Vanguard fined more than $100 million by SEC over violations involving target date retirement funds
Asset management giant Vanguard has been fined more than $100 million to settle charges related to disclosures around target date investment funds, the Securities and Exchange Commission announced Friday. The alleged violations stem from a 2020 change where Vanguard lowered the minimum investment
RNC chair Whatley vows to be ‘tip of the spear’ to protect Trump after coasting to reelection victory
The members of the Republican National Committee, in a vote that was never in doubt, on Friday re-elected chair Michael Whatley to continue steering the national party committee. "This organization has got to be the tip of the spear. And as
DOGE eyes suggestions to slash federal DEI programs: report
Tesla and SpaceX CEO Elon Musk and tech entrepreneur Vivek Ramaswamy’s newly created Department of Government Efficiency (DOGE) is eying a proposal that would slash federal diversity and inclusion programs, according to a new report. DOGE is tasked with eliminating government
Trump needs ‘time to review’ SCOTUS decision to uphold TikTok ban, teases action in ‘not too distant future’
President-elect Donald Trump said on Friday that he needs "time to review" the Supreme Court's decision to uphold a federal law banning TikTok unless it divests from its Chinese parent company before Jan. 19 – the day before Trump is
Biden maintains he will not enforce TikTok ban, plans to punt to Trump administration
The Biden administration on Friday maintained that it will not actively enforce a federal law set to ban the Chinese-owned social media app TikTok, instead punting any action to the incoming Trump administration. The Supreme Court issued a ruling earlier in
Investors pitch new international basketball league that would offer players equity
A group of high powered investors want to raise billions to form a new international basketball league, according to people familiar with the matter. The new organization would offer players equity, those people said. The investors aim to raise $5 billion for
Investors pitch new international basketball league that would offer players equity
A group of high powered investors want to raise billions to form a new international basketball league, according to people familiar with the matter. The new organization would offer players equity, those people said. The investors aim to raise $5 billion for
Supreme Court upholds looming TikTok ban
The Supreme Court on Friday upheld a federal law that would ban the Chinese-owned social media platform TikTok just two days before the bipartisan divestiture law is slated to take effect. At issue was the Protecting Americans from Foreign Adversary Controlled
House Dems threaten to block Trump’s big tariff plans: ‘Unacceptable’
House Democrats are trying to block President-elect Donald Trump from implementing his wide-ranging tariff plans just days before he is set to take office. A new bill led by Reps. Suzan DelBene, D-Wash., and Don Beyer, D-Va., and backed by 11