Coca-Cola to launch Coke with cane sugar after Trump claims credit
The announcement came Tuesday in Coca-Cola's earnings report. It confirmed a 16 July post on Trump's Truth Social platform in which the president said Coca-Cola 'agreed' to use 'REAL Cane Sugar in Coke in the United States'.
'This will be a very good move by them – You'll see,' Trump's post said. 'It's just better!'
The drink maker's Mexican Coke is made with cane sugar and already sold in the US.
Tuesday's announcement from Coca-Cola came as food and drink companies have rolled out plans to make changes amid US health secretary Robert F Kennedy Jr's Make America healthy again (Maha) campaign.
However, experts say that drinks made with cane sugar instead of corn syrup aren't healthier.
Eva Greenthal, senior policy scientist at the Center for Science in the Public Interest, a non-profit consumer advocacy group, previously told CNN: 'Excess consumption of sugar from any source harms health. To make the US food supply healthier, the Trump administration should focus on less sugar, not different sugar.'
Coca-Cola chairperson and chief executive officer James Quincey said Tuesday's announcement was meant to 'reflect consumer interest in differentiated experiences'.
'We appreciate the president's enthusiasm for our Coca-Cola brand,' Quincey said in a conference call with investors. 'This addition is designed to complement our strong core portfolio and offer more choice across occasions and preferences.'
The Associated Press and Reuters contributed
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
19 minutes ago
- Reuters
Food companies to phase out artificial colors amid 'Make America Healthy Again' campaign
July 22 (Reuters) - Packaged food makers in the U.S. have rolled out plans to eliminate the use of FD&C colors - a category of synthetic dyes - from their products, responding to Health Secretary Robert F. Kennedy Jr.'s Make America Healthy Again initiative and changing consumer preferences. In April, Kennedy and FDA Commissioner Marty Makary said the agency aims to remove artificial food colors from the food supply against the backdrop of mounting concerns about their potential links to health issues such as ADHD, obesity and diabetes. Here are the companies that are preparing to eliminate synthetic dyes from their food products in the U.S.:
Reuters
19 minutes ago
- Reuters
US dollar slumps as Trump's tariff deadline looms
NEW YORK, July 22 (Reuters) - The dollar slid on Tuesday, with the yen one of the major gainers versus the greenback, as investors tracked talks ahead of an August 1 deadline that could bring steep tariffs on products of U.S. trading partners that fail to strike deals. Trading was mostly subdued, with the Japanese currency advancing for a second straight session following results from a weekend upper house election in Japan that had already been priced in. The focus has shifted to how quickly Tokyo can strike a trade deal with Washington as well as on Prime Minister Shigeru Ishiba's future at the helm. In afternoon trading, the dollar fell 0.5% to 146.54 yen , having fallen more than 1% on Monday following the weekend election and a public holiday. The U.S. currency has retreated for two straight sessions against the yen. With little over a week to go before August 1, U.S. Treasury Secretary Scott Bessent said on Monday the administration is more concerned with the quality of trade agreements than their timing. Asked whether the deadline could be extended for countries engaged in productive talks with Washington, Bessent said President Donald Trump would make that decision. "Markets are ... looking through that noise (August 1 tariff deadline) until something actually definitive happens," said Brad Bechtel, global head of FX, at Jefferies in New York. "And a lot of the data has actually been looking okay even with all the tariffs, at least those that have been implemented already." Uncertainty over the eventual state of tariffs globally has been a huge overhang for the foreign exchange market, leaving currencies trading in a tight range for the most part, even as stocks on Wall Street have scaled fresh highs. The dollar index, a gauge of its value against a basket of currencies, slipped 0.3% to 97.545 , having weakened around 0.6% on Monday. It hit a two-week low earlier in the session. The euro edged up 0.2% to $1.1725, with the European Central Bank also in the mix this week for central bank meetings. It is not expected to adjust euro zone interest rates, however. The single currency rose to two-week highs earlier in the global day. A deal between the European Union, which could face 30% tariffs from August 1, and the United States remains elusive. EU diplomats said on Monday they were exploring a broader set of possible counter-measures given fading prospects for an agreement. "The dollar's early-month recovery is running out of momentum, the euro is flat-lining ahead of Thursday's placeholder central bank meeting, and the Japanese yen is consolidating gains achieved after the weekend's better-than-feared election results," said Karl Schamotta, chief market strategist, at Corpay in Toronto. "Trading ranges are narrowing against a relatively-quiet data backdrop. Positioning across a range of trading pairs is moving into neutral territory, and gauges of implied volatility are ratcheting lower. " Also weighing on investors' minds were worries about Federal Reserve independence, given Trump has repeatedly railed against Chair Jerome Powell and urged him to resign because of the central bank's reluctance to cut interest rates. Bessent on Monday took a softer stance, saying that there is no need for Powell to step down immediately, adding that he should see through the end of his term in May if he wants. "You can criticize the Fed for many of its policy moves over the years. But pushing the Fed chair out because he won't follow White House instructions is a step too far," wrote Kathy Jones, senior fixed income strategist, at Schwab in a research note. "It will undermine confidence in the central bank at a time when inflation is still too high, and policy is a confusing mix of priorities. If Powell is replaced by someone who is seen as doing the administration's bidding, it would likely lead to a weaker dollar and much higher long-term interest rates."
Daily Mirror
an hour ago
- Daily Mirror
Zharnel Hughes speaks out over unpaid Grand Slam Track prize money
Britain's fastest man Zharnel Hughes is waiting for $130,000 in prize money from Grand Slam Track, which scrapped its final meet of the season over financial struggles Zharnel Hughes has warned athletes could take a wide berth of Grand Slam Track next year after admitting he is among those still waiting for prize money. Michael Johnson's breakaway competition was billed as transformative when it kicked off in Apri l by offering track stars the potential to earn unprecedented prize money. But after its fourth fixture in LA was scrapped for financial reasons, a host of athletes are still waiting to be paid. Athletes were promised top prizes of $100,000 - with Brits Matt Hudson-Smith, in Jamaica and Philadelphia, and Josh Kerr, in Miami, landing first-place finishes. World Athletics president Sebastian Coe had admitted 'this is not a good situation' with the governing body monitoring the situation. Grand Slam have not commented but a number of agents have been given assurances that prize money will be sent by late September. And Hughes, who won $130,000 across three weekends, says he is among those left in limbo - though he has received appearance fees from the US-based league. 'We haven't got any payment yet,' Britain's fastest man said. 'My agent has been in contact with them. It's not like I'm studying what's going on but I know I've not received funds yet. 'I think the appearance fees have come through but in regards to the actual racing it hasn't come through yet. I'm just looking to see if we get paid by August or September, hopefully it's in the accounts by then. 'I think people enjoyed it but obviously now the payments have been delayed and they fell short by not having the last one people may be more hesitant to try out next season. We have to see how it goes next season.' Hughes added 'it kind of sucked' that Grand Slam did not bring one of their fixtures to the UK or Europe. Ticket sales for three events that went ahead fell well below expectations. 'Hopefully they can sort themselves out and if they do go again next season they can get some races in Europe,' Hughes said. 'You won't be worrying about having to fill up the stadiums.' Join our new WhatsApp community and receive your daily dose of Mirror Football content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice.
