Trump Claims U.S. Coca-Cola Will Switch To ‘REAL Cane Sugar'—What To Know
Coca-Cola has not explicitly confirmed Trump's claim but said details about new offerings "will be ... More shared soon." Copyright 2023 The Associated Press. All rights reserved
In a post on his Truth Social platform on Wednesday afternoon, Trump wrote that he has been 'speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have agreed to do so.'
Trump said this will be a 'very good move by them,' and added, 'It's just better!'
The president didn't specify who he had spoken with and when such a move would happen.
In a statement shared with several outlets, a Coca-Cola spokesperson said, 'We appreciate President Trump's enthusiasm for our iconic Coca-Cola brand.'
The company, however, stopped short of confirming the change and said: 'More details on new innovative offerings within our Coca-Cola product range will be shared soon.'
At present, Coca-Cola uses high-fructose corn syrup to sweeten its soft drinks in the U.S.
The Corn Refiners Association, a trade body representing corn refiners in the country, pushed back against any change to Coke's formulation in a statement on its website. 'Replacing high fructose corn syrup with cane sugar doesn't make sense. President Trump stands for American manufacturing jobs, American farmers, and reducing the trade deficit. Replacing high fructose corn syrup with cane sugar would cost thousands of American food manufacturing jobs, depress farm income, and boost imports of foreign sugar, all with no nutritional benefit.' What Do We Know About Rfk Jr. And The Maha Movement's Criticism Of Corn Syrup?
President Trump's post did not explicitly mention Coke's use of corn syrup to sweeten its drinks or why he was pushing for such a change, other than his suggestion that cane sugar was 'just better.' However, Health Secretary Robert F. Kennedy Jr. and his Make America Healthy Movement have been severely critical of the use of high-fructose corn syrup, seed oils, and artificial coloring in foods. In the past, Kennedy has blamed corn syrup as one of the culprits behind America's 'obesity epidemic.'
Coca-Cola sold in Mexico is sweetened using cane sugar, and this has turned the so-called 'Mexicoke' into a cult favorite among some people who insist that it tastes better than U.S.-made Coke.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
Adam Schiff Talks Of Donald Trump's 'Climate Of Fear' In ‘Late Show' Guest Appearance; California Senator Later Addresses CBS Cancellation
The Late Show with Stephen Colbert started out on Thursday with the host making the bombshell announcement that CBS was canceling the show, effective next May. That wasn't addressed in his interview with Sen. Adam Schiff (D-CA), even though the Trump nemesis did address the president's success in creating what he called a 'climate of fear.' More from Deadline How Public Media Lost The Federal Funding Battle, And What Happens Next To Stations, NPR And PBS PBS, NPR And Public Media Set To Lose Federal Funding As Package Of Spending Cuts Clears Congress 'Watch What Happens Live' Host Andy Cohen On Stephen Colbert's Late-Night Show Ending: "I Can't Believe CBS Is Turning Off The Lights At 11:30" 'He wants to make the law firms afraid,' Schiff told Colbert. 'He wants to make universities afraid. He wants to make immigrants afraid. he wants to make citizens afraid. He wants to make news organizations, CBS and Paramount afraid. He wants to make ABC afraid. And he is succeeding.' Later, Schiff did address CBS' decision to cancel Late Show, writing on X, 'Just finished taping with Stephen Colbert who announced his show was cancelled. If Paramount and CBS ended the Late Show for political reasons, the public deserves to know. And deserves better.' CBS said that the show was being canceled for financial reasons. But very soon after the announcement, there were quickly suspicions that it could have been connected to parent Paramount Global's pending merger with Skydance. The transaction needs regulatory approval from the Trump administration, and Colbert's humor is frequently directed at the president. Already, a number of Democrats on Capitol Hill have criticized Paramount Global for reaching a settlement with Trump over his 60 Minutes lawsuit against CBS for $16 million. Colbert joined them earlier this week, riffing in a monologue earlier this week on what he called Paramout's 'big fat bribe' to the president. Following Colbert's announcement that his show was getting the ax, Sen. Elizabeth Warren (D-MA) linked to the host's earlier monologue and wrote on X, 'CBS canceled Colbert's show just THREE DAYS after Colbert called out CBS parent company Paramount for its $16M settlement with Trump – a deal that looks like bribery. America deserves to know if his show was canceled for political reasons.' Rep. Pramila Jayapal (D-WA) posted a similar note. In the Colbert interview, Schiff also criticized the package of spending cuts — known as rescissions — as a sign that congressional Republicans were giving up their power to Trump. The final passage of the package, which rolls back funding for foreign aid and NPR, just as the interview was airing. 'They're worried about losing their own personal power, that is their own personal office<' Schiff said of the GOP lawmakers. 'Some of them have said they're worried about their own personal safety,' Colbert said. 'That too, that too,' Schiff said. 'You can't find a member of the House or Senate that hasn't gotten death threats,' Schiff said. You probably can't find many that haven't gotten death threats against their spouses, against their children.' Schiff said that those threats have greatly accelerated under Trump, but he suggested a way to respond. 'This is all part of a deliberate campaign to frighten people into submission,' Schiff said. 'And the only way to pish back on that is to say, 'Piss off. Piss off.'' Best of Deadline The Movies That Have Made More Than $1 Billion At The Global Box Office 2025 TV Cancellations: Photo Gallery Everything We Know About 'Stranger Things' Season 5 So Far
Yahoo
24 minutes ago
- Yahoo
Ralph Lauren's Quarterly Earnings Preview: What You Need to Know
Valued at a market cap of $17.2 billion, Ralph Lauren Corporation (RL) is a globally renowned lifestyle and fashion brand. Headquartered in New York, it designs, markets, and distributes premium products across five core categories: apparel, footwear & accessories, home furnishings, fragrances, and hospitality, including luxury restaurants like Polo Bar and Ralph's in Paris. The luxury fashion behemoth is expected to release its Q1 earnings on Wednesday, Aug. 6. Ahead of this event, analysts expect RL to post adjusted earnings of $3.40 per share, representing a growth of 25.9% from $2.70 per share reported in the same quarter last year. The company has surpassed the Street's bottom-line estimates in the past four quarters. More News from Barchart Insider Trading Alert: Here's Who Bought Nvidia and AMD Stock Before the U.S. Chip Deal with China Dear Tesla Stock Fans, Mark Your Calendars for July 23 As QuantumScape Hits New 2025 Highs, Should You Buy, Sell, or Hold QS Stock? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. For the current year, analysts forecast Ralph Lauren to report an adjusted EPS of $13.63, indicating a 10.5% increase from $12.33 reported in fiscal 2024. Shares of RL have gained 68.7% over the past 52 weeks, significantly outperforming the S&P 500 Index's ($SPX) 12.7% rise and the Consumer Discretionary Select Sector SPDR Fund's (XLY) 15% return during the same time frame. On May 22, Ralph Lauren released its fourth quarter earnings and its shares rose over 1%. It closed FY2025 on a high note, reporting a Q4 revenue of $1.70 billion, a solid 8% year-over-year gain. Its comparable direct-to-consumer sales jumped 13%, supported by effective pricing, leaner inventories, and reduced discounting. Its adjusted EPS of $2.27 beat Wall Street expectations of $2. The company also announced a 10% dividend hike and a new $1.5 billion share repurchase program. Looking ahead, Ralph Lauren expects low-single-digit revenue growth for FY 2026, with stronger gains in the first half. Analysts' consensus view on RL is fairly bullish, with a "Moderate Buy" rating overall. Among 18 analysts covering the stock, 13 suggest a "Strong Buy," one gives a "Moderate Buy," two recommend a "Hold,' one 'Moderate Sell,' and the remaining analyst gives a 'Strong Sell.' Its mean price target of $308.35 represents a 7.7% premium to current price levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
24 minutes ago
- Yahoo
Trump's tariff pressure pushes Asia toward American LNG, but at the cost of climate goals
HANOI, Vietnam (AP) — Asian countries are offering to buy more U.S. liquefied natural gas in negotiations with the Trump administration as a way to alleviate tensions over U.S. trade deficits and forestall higher tariffs. Analysts warn that strategy could undermine those countries' long-term climate ambitions and energy security. Buying more U.S. LNG has topped the list of concessions Asian countries have offered in talks with Washington over President Donald Trump's sweeping tariffs on foreign goods. Vietnam's Prime Minister underlined the need to buy more of the super-chilled fuel in a government meeting, and the government signed a deal in May with an American company to develop a gas import hub. JERA, Japan's largest power generator, signed new 20-year contracts last month to purchase up to 5.5 million metric tons of U.S. gas annually starting around 2030. U.S. efforts to sell more LNG to Asia predate the Trump administration, but they've gained momentum with his intense push to win trade deals. Liquefied natural gas, or LNG, is natural gas cooled to a liquid form for easy storage and transport that is used as a fuel for transport, residential cooking and heating and industrial processes. Trump discussed cooperation on a $44 billion Alaska LNG project with South Korea, prompting a visit by officials to the site in June. The U.S. president has promoted the project as a way to supply gas from Alaska's vast North Slope to a liquefication plant at Nikiski in south-central Alaska, with an eye largely on exports to Asian countries while bypassing the Panama Canal Thailand has offered to commit to a long-term deal for American fuel and shown interest in the same Alaska project to build a nearly 810-mile (1,300-kilometer) pipeline that would funnel gas from The Philippines is also considering importing gas from Alaska while India is mulling a plan to scrap import taxes on U.S. energy shipments to help narrow its trade surplus with Washington. 'Trump has put pressure on a seeming plethora of Asian trading partners to buy more U.S. LNG,' said Tim Daiss, at the APAC Energy Consultancy, pointing out that Japan had agreed to buy more despite being so 'awash in the fuel' that it was being forced to cancel projects and contracts to offload the excess to Asia's growing economies. 'Not good for Southeast Asia's sustainability goals,' he said. LNG deals could derail renewable ambitions Experts say LNG purchasing agreements can slow adoption of renewable energy in Asia. Locking into long-term deals could leave countries with outdated infrastructure as the world shifts rapidly toward cleaner energy sources like solar or wind that offer faster, more affordable ways to meet growing power demand, said Indra Overland, head of the Center for Energy Research at the Norwegian Institute of International Affairs. Building pipelines, terminals, and even household gas stoves creates systems that are expensive and difficult to replace—making it harder to switch to renewables later. 'And you're more likely then to get stuck for longer,' he said. Energy companies that profit from gas or coal are powerful vested interests, swaying policy to favor their business models, he said. LNG burns cleaner than coal, but it's still a fossil fuel that emits greenhouse gases and contributes to climate change. Many LNG contracts include 'take-or-pay' clauses, obliging governments to pay even if they don't use the fuel. Christopher Doleman of the Institute for Energy Economics and Financial Analysis warns that if renewable energy grows fast, reducing the need for LNG, countries may still have to pay for gas they no longer need. Pakistan is an example. Soaring LNG costs drove up electricity prices, pushing consumers to install rooftop solar panels. As demand for power drops and gas supply surges, the country is deferring LNG shipments and trying to resell excess fuel. The LNG math doesn't add up Experts said that although countries are signaling a willingness to import more U.S. LNG, they're unlikely to import enough to have a meaningful impact on U.S. trade deficits. South Korea would need to import 121 million metric tons of LNG in a year — 50% more than the total amount of LNG the U.S. exported globally last year and triple what South Korea imported, said Doleman. Vietnam — with a trade surplus with the U.S. twice the size of Korea's — would need to import 181 million metric tons annually, more than double what the U.S. exported last year. Other obstacles stand in the way. The Alaska LNG project is widely considered uneconomic. Both coal and renewable energy in Asia are so much cheaper that U.S. gas would need to cost less than half its current price to compete. Tariffs on Chinese steel could make building building gas pipelines and LNG terminals more expensive, while longstanding delays to build new gas turbines mean new gas power projects may not come online until 2032. Meanwhile, a global glut in LNG will likely drive prices lower, making it even harder for countries to justify locking into long-term deals with the United States at current higher prices. LNG deals raise energy security concerns Committing to long-term U.S. LNG contracts could impact regional energy security at a time of growing geopolitical and market uncertainties, analysts said. A core concern is over the longterm stability of the U.S. as a trading partner, said Overland. 'The U.S. is not a very predictable entity. And to rely on energy from there is a very risky proposition,' he said. LNG only contributes to energy security when it's available and affordable, says Dario Kenner of Zero Carbon Analytics. 'That's the bit that they leave out ... But it's pretty important,' he said. This was the concern during the recent potential disruptions to fuel shipments through the Strait of Hormuz and earlier during the war in Ukraine, when LNG cargoes originally destined for Asia were rerouted to Europe. Despite having contracts, Asian countries like Bangladesh and Sri Lanka were outbid by European buyers. 'Events in Europe, which can seem very far away, can have an impact on availability and prices in Asia,' Kenner said. Asian countries can improve their energy security and make progress toward cutting carbon emissions by building more renewable energy, he said, noting there is vast room for that given that only about 1% of Southeast Asia's solar and wind potential is being used. 'There are genuine choices to meet rising electricity demand. It is not just having to build LNG,' he said. ___ Jintamas Saksornchai in Bangkok contributed to this report. ___ Associated Press climate and environmental coverage receive support from several private foundations. See more about AP's climate initiative here. The AP is solely responsible for all content. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
