Coke (KO) is higher on better than expected earnings. Sales in Europe, the Middle East, and Africa were better than , unit case volume jumped 4% but was flat in both North America and Latin America. Management did concede it’s a “challenging” consumer environment for certain income levels, but the company is prioritizing lower-income consumers with certain new product rollouts.

GM (GM) revving its engines after easily beating earnings estimates even as sales actually fell 0.3% year over year to $48.59 billion. Guidance was better than expected as GM stated tariffs will not impact their business as much as feared. A transition from EV cars back to combustion engine cars will help improve profits as consumer adoption of EVs slows.

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