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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
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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.

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Netflix is staffing up an apparent AI animation studio called INKubator

According to several public job listings, streaming giant Netflix appears to be building a GenAI animation studio called INKubator.

First reported by journalist Janko Roettgers in the Lowpass newsletter, INKubator seems to have launched in March and aims to “develop feature-quality content in a creator-led environment.”

As Lowpass reports, INKubator appears focused on AI-generated short-form animation, but listings imply ambitions toward longer-form content. Netflix didn’t immediately respond to a request for comment.

INKubator wouldn’t be Netflix’s first foray into AI. Back in March, it acquired Ben Affleck’s AI filmmaking startup InterPositive — which trains on individual films’ already-shot footage — for as much as $600 million depending on certain targets.

Netflix’s potential future AI-generated animations could be served to an increasingly ad-packed streaming service. At Netflix’s Upfront presentation on Wednesday, the company said its ad-supported tier has now reached 250 million subscribers globally, up 31% from November.

As Lowpass reports, INKubator appears focused on AI-generated short-form animation, but listings imply ambitions toward longer-form content. Netflix didn’t immediately respond to a request for comment.

INKubator wouldn’t be Netflix’s first foray into AI. Back in March, it acquired Ben Affleck’s AI filmmaking startup InterPositive — which trains on individual films’ already-shot footage — for as much as $600 million depending on certain targets.

Netflix’s potential future AI-generated animations could be served to an increasingly ad-packed streaming service. At Netflix’s Upfront presentation on Wednesday, the company said its ad-supported tier has now reached 250 million subscribers globally, up 31% from November.

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Saleah Blancaflor

Netflix confirms a “KPop Demon Hunters” world concert tour is on the way

Netflix has a “Golden” mine and it's digging deeper.

At its fourth annual TV Upfront presentation on Wednesday, Netflix President of Advertising Amy Reinhard announced a partnership with AEG Presents to create a “KPop Demon Hunters” world tour that will bring the phenomenon to life.

In March, Bloomberg previously reported Netflix was planning a global world tour sometime next year ahead of the sequel in arenas that would hold 10,000 to 20,000 fans, though the news had not been confirmed by the company nor had a partner been in place at the time. 

“KPop Demon Hunters” is Netflix’s most watched film of all time, racking up 481.6 million views globally during the second half of 2025. Since its release, the HUNTR/X trio of Ejae, Audrey Nuna, and Rei Ami has appeared and performed at several major events including late-night talk shows, award ceremonies, and most recently at Coachella, where they were a surprise guest for Katseye. It hasn’t been confirmed whether the trio will be on the tour.

The announcement of the tour comes after Netflix co-CEO Ted Sarandos shared in a recent blog post that the company spent $135 billion on licensing and original film and TV over the last 10 years.

This year, Netflix has a projected content spend of $20 billion, up 10% year over year, while its annual revenue forecast is between $50.7 billion and $51.7 billion. The streaming giant has brought in more than $46 billion in profit over the past decade.

Netflix said more details around cities and tickets for the concert tour are expected to come out later this year.

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