Celsius Holdings skyrockets after acquiring Alani Nutrition for $1.8 billion, shaking up the beverage industry. Meanwhile, Nissan seeks investment from Tesla after a fallout with Honda, reflecting turbulent auto market dynamics. YouTube is set to launch 'premium lite' in major markets, offering new features to users. Additionally, Amazon surpasses Walmart in quarterly revenue, marking a significant shift in the retail landscape. Not to be missed, Walgreens Boots faces challenges amid talks of Sycamore's bid for Family Dollar.
Celsius Holdings' acquisition of Alani Nutrition for $1.8 billion is anticipated to significantly boost its growth and cost efficiency.
Nissan's pursuit of Tesla investment highlights ongoing industry shifts, especially following its recent downgrade and merger discussions with Honda.
Deep dives
Celsius Holdings Acquires Alani Nutrition
Celsius Holdings has made a significant move by acquiring Alani Nutrition LLC for $1.8 billion, which has led to a surge in Celsius' stock price. Alani Nu is recognized for its female-focused functional beverages and wellness products aimed at Gen Z and millennial consumers since its inception in 2018. The CEO of Celsius expressed strong enthusiasm for the acquisition, emphasizing the respect for Alani's community and brand partnerships. This acquisition is projected to drive top-line growth for Celsius, with expectations of achieving $50 million in cost synergies within two years following the deal.
Potential Strategic Investment in Nissan by Tesla
A group in Japan, including a former prime minister, is advocating for Tesla to invest in Nissan, especially after recent merger talks with Honda collapsed. This initiative may allow Tesla to become a strategic investor, potentially acquiring Nissan's manufacturing facilities in the United States. Following the news, Nissan's stock experienced a 10% increase, but the company's rating was downgraded to junk by Moody's due to weak profitability and slowing demand for its older models. Despite plans for restructuring and new releases, Moody's predicts Nissan may not see positive cash flow until fiscal 2026 at the earliest.
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Celsius Acquires Alani Nutrition and Tesla's Strategic Moves
Beverage jolt: Celsius (CELH) skyrockets after inking deal to acquire Alani Nu. (00:24) Nissan (NSANY) to seek investment from Tesla (TSLA) after fallout with Honda (HMC) - report. (01:34) YouTube (GOOGL) (GOOG) plans to roll out 'premium lite' in major markets - report. (02:46)
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