By Daniel Papp
Archer Daniels Midland and Ingredion retreated after President Donald Trump said on Truth Social that Coca-Cola had agreed to use real cane sugar in U.S. drinks. Both companies are suppliers of high-fructose corn syrup, which is used in Coca-Cola products. ADM's stock fell 6.2%, to $50.65, and shares of Ingredion slumped 7.7%, to $124.98, in after-hours trading Wednesday.
Tobacco company 22nd Century Group said multiple tobacco brands were partnering with it to expand the availability and awareness of its VLN-based reduced nicotine content products, which incorporate proprietary and patented tobacco. Shares were up 55%, to $7.12, after hours.
MP Materials said it commenced a $500 million underwritten public offering of its common stock. Rare earth metals company said proceeds from the sale would fund the acceleration and expansion of operations and for general corporate purposes. The stock fell 4.7%, to $55.83, in late trading.
Write to Daniel Papp at daniel.papp@wsj.com
(END) Dow Jones Newswires
July 16, 2025 19:55 ET (23:55 GMT)
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