Coca-Cola executives reportedly agreed to use real cane sugar for products in the U.S. following a social media post by President Trump, though the company did not confirm this decision. As a result, share prices for Archer-Daniels-Midland and Ingredion, both high fructose corn syrup manufacturers, dropped significantly. Despite some recovery in the market, their shares remained lower than before the announcement. President Trump's comments highlighted the far-reaching effects of presidential remarks on financial markets and industry sentiment.
President Trump posted on social media that Coca-Cola executives had agreed to only use real cane sugar for products in the U.S., impacting sweetener manufacturers' shares.
Share prices of Archer-Daniels-Midland and Ingredion fell sharply after Trump's announcement, evidencing the influence of presidential comments on stock markets.
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