Coca-Cola Gives in to Trump: Company to Release New Carbonated Water

Coca-Cola Co. plans to launch a new product with American cane sugar this fall. This statement came less than a week after US President Donald Trump announced such a decision. Bloomberg reports that for decades, Coca-Cola has used high-fructose corn syrup, which is cheaper than cane sugar, to sweeten its signature product in the US. However, the more expensive version of the soft drink, sweetened with cane sugar imported from Mexico, has gained cult popularity. At the same time, CFRA analyst Arun Sundaram noted that it is "unlikely" that Coca-Cola will completely eliminate corn syrup from its lineup, adding that "a more probable option would be to introduce a new product line made using cane sugar, which will likely have a higher cost and retail price". On Tuesday, April 22, Coca-Cola reported sales and profit growth in the second quarter that exceeded Wall Street expectations, as consumers continue to pay higher prices for the company's soft drinks. This year, the company's ...