Celsius Holdings Shares Drop 24% Amid Alani Nu Distribution Shift
Celsius Holdings shares plunged as sales may be disrupted by shifting its Alani Nu brand to PepsiCo’s distribution network.
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ESPN Switches Betting Partners: DraftKings is In, Penn is Out!
ESPN Bet (Penn) is out due to low popularity. ESPN switches to DraftKings as the exclusive betting partner starting in December.
Datadog Forecasts Strong Q4 Growth on Surging AI and Cloud Demand
Datadog expects fourth-quarter revenue of up to $916 million—above Wall Street forecasts—driven by rising demand for AI-powered cloud security and monitoring tools. Shares jump over 20% in premarket trading.
Lyft Forecasts Strong Growth as Bookings Surge and Global Expansion Gains Momentum
Lyft projects up to $5.13 billion in Q4 bookings, signaling strong growth, expanding into Europe via Freenow, and boosting customer loyalty with new rewards and luxury ride options.
SoftBank Eyes Marvell in Potential $100B Chip Industry Mega-Deal
SoftBank explored acquiring US chipmaker Marvell Technology to combine with Arm Holdings, eyeing AI chip market dominance in what could be the semiconductor industry's largest-ever deal.
Schwab Acquires Forge Global for $660M to Democratize Private Markets
Charles Schwab is acquiring Forge Global for $660 million to make investing in private companies easier and more accessible. This deal aims to bring private market opportunities to more eligible investors.