Culture
Confectionery Coke Bottles Fruit gums
(Getty Images)

Coca-Cola will now make a cane sugar version in the US, but Americans were already moving away from corn syrup

The Trump-endorsed “new Coke” comes at a time when Americans are consuming less of lower-cost, more contentious syrups anyway.

Whatever you make of the “TACO” thesis, there’s another acronym that better describes President Trump’s approach to the US beverage industry: TRACC — Trump Really Adores Coca-Cola.

In a Cokehold

The president’s long and storied love for the soda — a love that, crucially, he shares with the rest of America — has now reached something close to poetic justice.

After announcing on Truth Social last Wednesday that Coca-Cola would use “REAL cane sugar” in its American recipe rather than corn syrup, the drinks giant officially confirmed plans in its quarterly update on Tuesday to expand its drinks range with a sweetener-switched version — though, notably, without replacing syrup in the original.

While this came as great news for Trump (who remarked, “You’ll see. It’s just better!" in the social media post), it was less pleasing for producers of corn syrup, like Archer-Daniels-Midland, which saw shares slump on the news.

America’s favorite soda has used high-fructose corn syrup in its recipe since 1984; now, Coca-Cola’s pivot to refined sugar could signal a change in attitudes surrounding ultra-processed food products more broadly.

2025-07-23-sugar-consumption
Sherwood News

Looking at the most recent USDA data, the average American consumed just under 124 pounds of caloric sweeteners in 2023, over half of which (55%) came from refined sugars like cane sugar. That total is actually lower than was being consumed in the late 1990s, when sugar consumption peaked at ~157 lbs per head — though the amount of refined sugar consumed has stayed pretty constant since that period.

Total sugar consumption ballooned after the rapid uptake of high-fructose corn syrups in the mid-1970s, as the corn-starch-derived ingredient was marketed at half the cost of table sugar at a time when prices were soaring.

Kernel of truth

In recent years, America has turned away from high-fructose corn syrup, with per capita consumption of the sweetener down 30% from 1999 at the last USDA count.

A notable critic of corn syrups is, of course, Secretary of Health and Human Services Robert F. Kennedy Jr., who’s currently leading the charge against them as part of the “Make America Healthy Again” movement, citing its links to obesity and diabetes. However, some experts have pointed out that, whatever the format, sugar is still sugar: refined sugars and high-fructose corn syrups have a near identical chemical composition, and refined sugar is, like corn syrup, an ultra-processed product.

Beyond this, America simply can’t make enough refined sugar as it is anyway: per The Wall Street Journal, the US produces 4 million tons of cane sugar annually, which is already less than a third of what it consumes... and that’s without the most sold soft drink in the world needing it, too.

More Culture

See all Culture
culture
Saleah Blancaflor

Prediction markets show Jordan catching up to Chalamet following Actor Awards

The Screen Actors Guild hosted its Actor Awards on Sunday, with the film awards closely monitored ahead of the Academy Awards. The Best Supporting Actor and Actress races remain suspenseful as Sean Penn (One Battle After Another) and Amy Madigan (Weapons) took home the Actor Awards in those respective categories, shifting the odds in both markets predicting who’ll take home the Oscar.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

But the most exciting race is for Best Actor. Several award pundits and experts predicted that Marty Supreme star Timothée Chalamet was a lock for the Actor Award despite his loss at the BAFTA Film Awards the previous weekend. But a few suggested that either Blue Moonlead Ethan Hawke or Michael B. Jordan could receive the honor instead. And thats exactly what happened when the Sinners star was announced as the winner.

While some have pointed out that the Actor Awards arent a reliable signifier for who will win the Oscar (Demi Moore and Chalamet received the SAG honors last year, but didn’t win the Oscar), it certainly puts Jordan at a higher advantage and makes the Best Actor race closer than its ever been. Chalamet previously had a higher lead in the prediction markets, but markets are now pricing in a 49% chance he takes the Oscar while Jordan’s odds have risen to 40%.

Loading...
 
Loading...
 
culture
Saleah Blancaflor

Prediction markets show Chalamet in the lead for Best Actor, but Actor Awards could shake up race

The final voting period has kicked off for the 98th Academy Awards. Up until last weekend, many of the main categories seemed like a lock. While “Hamnet” star Jessie Buckley has been the predicted front-runner for the Best Actress statuette for some time now, the Best Actor and Best Supporting Actor and Actress races have been upended following the BAFTA Film Awards.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

While Timothée Chamalet still remains in the lead for the Best Actor prize, his odds have gone down slightly after he lost the BAFTA award, while the wins of Wunmi Mosaku and Sean Penn in the supporting categories have made it a more exciting race. Here’s a roundup of what some experts and awards pundits have said this week:

  • While Gold Derby still has Chalamet as the front-runner for the Actor Award (and the Oscar), his odds have gone down slightly following the BAFTA loss. Surprisingly, the publication has “Weapons” star Amy Madigan in the lead to win the Actor Award for supporting actress, while they have Penn as the front-runner getting the Actor Award for supporting actor.

  • Numlock Awards reports that the BAFTA Awards reshaped the Oscars race, with Chalamet’s loss throwing the Best Actor race “into chaos” following “I Swear” star Robert Aramayo’s win. (He was not eligible to be nominated for an Oscar.)

  • Meanwhile, Variety’s Clayton Davis reports that the Oscars race has officially become “fractured, unpredictable and thrilling” following the BAFTA Awards. However, he predicts that “Sinners” star Michael B. Jordan will win the Actor Award this weekend and has heard rumblings that “Blue Moon” star Ethan Hawke could pull a last-minute victory. 

  • IndieWire’s Anne Thompson says that Chalamet is “good to go” for the Actor Awards and the Oscars, adding that the Best Supporting Actress and Actor categories are the ones to keep an eye on.

  • Deadline’s Pete Hammond believes that Chalamet’s BAFTA loss doesn’t necessarily impact the Actor Awards — Aramayo isn’t nominated for an Oscar and the BAFTA Awards tend to favor homegrown actors. He agreed with many of the other pundits in that Mosaku and Penn’s wins add more suspense.

  • AwardsRadar’s Joey Magidson points out that no one has ever won two Actor Awards in a row, which could open Chalamet up to an upset win from Hawke. 

  • Meanwhile, AwardsWatch’s Erik Anderson has Chalamet as a lock for the Actor Award, though he lists Jordan as the follow-up should there be a surprise win in that category.

The Actor Awards are on Sunday, and whoever wins that evening could lock in the fate of the actors in the lead and supporting Oscar categories.

Loading...
 
Loading...
 

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.