Overview

• Trump announced on Truth Social that Coca-Cola had agreed to replace high-fructose corn syrup with cane sugar in its US beverages.
• Coca-Cola’s official statement commended the enthusiasm around the idea and said further details on innovative offerings would be released soon.
• It remains unclear whether cane sugar will fully supplant high-fructose corn syrup or coexist alongside it in US products.
• Shares of Archer-Daniels-Midland, a leading corn syrup supplier, fell about 6% in after-hours trading after the announcement.
• US Coca-Cola has used high-fructose corn syrup since the 1980s, while cane-sweetened Mexican Coke is already sold in parts of the US.