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Today's Summary

FTC claimed Walmart got unfair pricing advantages from PepsiCo. The agency alleged the retailer got preferential pricing and promotions from the CPG giant. PepsiCo says it will reduce prices and eliminate about 20% of its products by early 2026. Elliott, in a letter to PepsiCo board, said the company is being “hurt by a lack of strategic clarity, decelerating growth and eroding profitability in its North American food and beverage businesses. PepsiCo products include Fritos, Doritos, Cracker Jack, Cheetos and many more.