Coca-Cola (KO, Financial) has announced plans to launch a new cola product made with American cane sugar this fall. This announcement comes shortly after former U.S. President Donald Trump mentioned on Truth Social that Coca-Cola agreed to use cane sugar in its U.S. products. The company's second-quarter financial report revealed that both sales and profits exceeded Wall Street expectations, driven by consumers' willingness to pay higher prices for its beverages.
As of the latest update, Coca-Cola's stock price remained relatively unchanged in pre-market trading. The stock has risen 13% year-to-date, outperforming the S&P 500 index.
