Market Movers: ADM Plunges on Coca-Cola Sugar Shift, Oilfield Attacked in Kurdistan, House Prepares for Key Vote

Archer Daniels Midland (ADM) saw its shares fall 5.4% in pre-market trading today after President Trump announced that Coca-Cola (KO) will begin using real cane sugar in the United States. This move by the beverage giant is expected to significantly reduce demand for high-fructose corn syrup, a key product for ADM, and could reshape the domestic sweetener market.

In a developing geopolitical event, a drone attack has targeted the Tawke oilfield located in Iraqi Kurdistan. Officials confirmed the strike, which raises immediate concerns about regional stability and the potential for disruptions to oil production and supply from the area. The incident could lead to increased volatility in global oil prices as markets react to the heightened risk in a critical oil-producing region.

The U.S. House of Representatives is preparing for a vote this afternoon on a $9 billion rescissions package, which, if passed, will be sent to President Trump. Democrats have voiced strong opposition, warning that the passage of this measure could have a "big impact" on the ability to reach an FY2026 spending deal, potentially leading to fiscal impasses. The outcome of this vote will be closely watched for its implications on future government funding and budgetary negotiations.

Meanwhile, Vietnam has announced that its negotiators are continuing discussions with the United States regarding a new trade agreement. These ongoing talks signify a mutual commitment to fostering stronger economic relations and could pave the way for expanded trade and investment opportunities between the two nations.

On the international front, the Italian Prime Minister has publicly condemned Israel's bombing of the Latin Monastery Church in Gaza, calling the act "unacceptable." This statement underscores the escalating humanitarian concerns and heightened international tensions surrounding the ongoing conflict in the region.