Business and Economy

Celsius Holdings Acquires Alani Nutrition in $1.8 Billion Deal

Celsius Holdings has announced its acquisition of Alani Nutrition, a health and wellness drinks brand, in a $1.8 billion deal. The transaction aims to expand Celsius' portfolio to capitalize on the growing demand for sports and energy beverages.

Celsius Holdings to Acquire Alani Nutrition in a $1.8 Billion Deal

Celsius Holdings, Inc. has announced a definitive agreement to acquire Alani Nutrition LLC, the parent company of Alani Nu, in a deal valued at $1.8 billion. The acquisition is expected to close in the second quarter of 2025, pending regulatory approvals and customary closing conditions.

Dow Drops Over 400 Points Amid Economic Concerns

The Dow Jones Industrial Average fell more than 400 points on February 20, 2025, as Walmart's weak outlook raised concerns about the U.S. consumer and broader economy. The S&P 500 and Nasdaq also declined, with defense and cruise stocks among the hardest hit. Alibaba and Hasbro shares surged on strong earnings.

Palantir Technologies Stock Drops Amid Pentagon Budget Cut Concerns

Palantir Technologies' stock fell by 10% following reports of potential Pentagon budget cuts, raising concerns over future government contract revenues. Despite recent gains, the company faces uncertainty as Defense Secretary Pete Hegseth proposes an 8% annual reduction in defense spending over the next five years.