Coca-Cola will change the recipe of its beverage for the first time in decades under the influence of U.S. President Donald Trump.
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Coca-Cola Co. plans to launch a new product with American cane sugar this fall, according to Bloomberg. This announcement came after U.S. President Donald Trump reported on such a decision. For decades, Coca-Cola used high fructose corn syrup, which is cheaper than cane sugar, to sweeten its flagship product in the U.S. However, the more expensive version of the soft drink, sweetened with cane sugar and imported to the U.S. from Mexico, has gained cult popularity. Meanwhile, CFRA analyst Arun Sundaram reported that it is unlikely that Coca-Cola will completely eliminate corn syrup from its lineup, adding that the most likely outcome is the introduction of a new line of products made using cane sugar, which will likely have a higher cost. Coca-Cola reported sales and profit growth in the second quarter, which exceeded Wall Street expectations, as consumers continue to pay higher prices for the company's soft drinks. This year, the company's shares have risen by 13%, outperforming ...