SUMMARY: The Federal Trade Commission (FTC) sued PepsiCo, alleging illegal price discrimination by offering unfair price advantages to Walmart over other retailers. The FTC claims PepsiCo’s promotional payments to Walmart allowed it to lower prices while raising costs for consumers shopping elsewhere. PepsiCo strongly disputes the allegations, asserting its practices align with industry norms. The FTC sued under the 1936 Robinson-Patman Act, which prevents such favoritism. The lawsuit has sparked division within the FTC, with two commissioners dissenting, one calling the case rushed and lacking evidence. This action is part of broader efforts to address consumer protection and market fairness.

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SUMMARY: The tradition of outgoing U.S. presidents writing letters to their successors began with Ronald Reagan, who left a note for George H.W. Bush in 1989. Each subsequent president continued this tradition, including George H.W. Bush for Bill Clinton, Clinton for George W. Bush, and so on, up to Donald Trump, who wrote a letter to Joe Biden. This letter-writing practice, while not required, reflects bipartisan respect and personal connections. Biden may continue the tradition, though it is unclear. Historically, such letters varied in tone, ranging from congratulations to practical advice, as seen in John Adams’ 1801 note to Thomas Jefferson.

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SUMMARY: South Korean law enforcement authorities are seeking to formally arrest impeached President Yoon Suk Yeol, currently detained after his lawyers failed to secure his release. Yoon faces rebellion charges for declaring martial law, igniting a political crisis. He imposed military rule in December, attempting to overcome legislative gridlock, but was quickly impeached by the opposition-dominated assembly. If arrested, Yoon could be held for 20 days pending indictment, with possible imprisonment of up to six months. His defense argues he poses no flight risk. Investigators claim Yoon’s actions aimed to disrupt legislative functioning, contradicting his claims of intent to maintain order.

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