Li Lu, a renowned value investor and founder of the investment firm Himalaya Capital, earned global respect after backing winners like BYD early. Born in China in 1966, Lu was a student leader during the Tiananmen Square protests in 1989 that would ultimately lead to the Tiananmen Square massacre later that year. Lu would eventually move to the U.S., where he attended a lecture by the legendary va...
Li Lu, a renowned value investor and founder of the investment firm Himalaya Capital, earned global respect after backing winners like BYD early. Born in China in 1966, Lu was a student leader during the Tiananmen Square protests in 1989 that would ultimately lead to the Tiananmen Square massacre later that year. Lu would eventually move to the U.S., where he attended a lecture by the legendary value investor Warren Buffett at Columbia University, which inspired him to take up investing. In 1997, Lu launched Himalaya Capital, now a $3.5 billion investment manager that holds nine stocks. In 2003, Lu met the late Charlie Munger, who was Buffett's right-hand man and served as vice chair of Berkshire Hathaway until his death in 2023. Munger also provided Lu and Himalaya with $88 million to manage. Munger often described Lu as the "Chinese Warren Buffett." At the end of 2025, Lu had 75% of Himalaya's portfolio invested in just three stocks. 1. Alphabet: 44% of portfolio According to Himalaya's latest filings, the fund had 44% of its capital invested in Alphabet (GOOG 0.12%) (GOOGL 0.15%), split equally between class A and C shares. It's been a great call, with Alphabet shares up over 86% in the past year. Not only did Google receive a favorable ruling in a U.S. Department of Justice lawsuit seeking to break up the tech behemoth, but Alphabet has also shown that its artificial intelligence (AI) models can compete in this new world and protect market share from other AI chatbots, at least in the traditional search market. Expand NASDAQ : GOOG Alphabet Today's Change ( -0.12 %) $ -0.37 Current Price $ 305.93 Key Data Points Market Cap $3.7T Day's Range $ 301.00 - $ 306.67 52wk Range $ 142.66 - $ 350.15 Volume 1.1K Avg Vol 20M Gross Margin 59.68 % Dividend Yield 0.27 % Furthermore, Alphabet has other fast-growing businesses that are leaders in their respective sectors. YouTube is a digital media juggernaut that continues to grow its audience with a range of short- and long-f...
Key Points Born in China, Li Lu eventually immigrated to the U.S. and launched his own fund, Himalaya Capital. Lu, a student activist during the Tiananmen Square protests, was inspired to pursue investing after seeing Warren Buffett give a lecture at Columbia University. Like Buffett, Lu has much of Himalaya's capital concentrated in just a few stocks. 10 stocks we like better than Alphabet › Li L...
Key Points Born in China, Li Lu eventually immigrated to the U.S. and launched his own fund, Himalaya Capital. Lu, a student activist during the Tiananmen Square protests, was inspired to pursue investing after seeing Warren Buffett give a lecture at Columbia University. Like Buffett, Lu has much of Himalaya's capital concentrated in just a few stocks. 10 stocks we like better than Alphabet › Li Lu, a renowned value investor and founder of the investment firm Himalaya Capital, earned global respect after backing winners like BYD early. Born in China in 1966, Lu was a student leader during the Tiananmen Square protests in 1989 that would ultimately lead to the Tiananmen Square massacre later that year. Lu would eventually move to the U.S., where he attended a lecture by the legendary value investor Warren Buffett at Columbia University, which inspired him to take up investing. In 1997, Lu launched Himalaya Capital, now a $3.5 billion investment manager that holds nine stocks. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » In 2003, Lu met the late Charlie Munger, who was Buffett's right-hand man and served as vice chair of Berkshire Hathaway until his death in 2023. Munger also provided Lu and Himalaya with $88 million to manage. Munger often described Lu as the "Chinese Warren Buffett." At the end of 2025, Lu had 75% of Himalaya's portfolio invested in just three stocks. 1. Alphabet: 44% of portfolio According to Himalaya's latest filings, the fund had 44% of its capital invested in Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), split equally between class A and C shares. It's been a great call, with Alphabet shares up over 86% in the past year. Not only did Google receive a favorable ruling in a U.S. Department of Justice lawsuit seeking to break up the tech behemoth, but Alphabet has also shown that i...
Two dozen sites earmarked for disposal in Argyll and Bute The listing of the locations comes as the authority proposes to spend a total of £3.7 m on works at its Kilmory offices in Lochgilphead.
Two dozen sites earmarked for disposal in Argyll and Bute The listing of the locations comes as the authority proposes to spend a total of £3.7 m on works at its Kilmory offices in Lochgilphead.
Key Stats for Astera Stock This Week Performance: +4.9% +4.9% 52-Week Range: $47.1 to $262.9 $47.1 to $262.9 Current Price: $126.2 Most investors never know if a stock is truly undervalued or overpriced. TIKR’s professional-grade valuation tools give you a clear, data-backed answer across 60,000+ stocks for free → What Happened? Connectivity semiconductor firm Astera Labs (ALAB) — whose Intelligen...
Key Stats for Astera Stock This Week Performance: +4.9% +4.9% 52-Week Range: $47.1 to $262.9 $47.1 to $262.9 Current Price: $126.2 Most investors never know if a stock is truly undervalued or overpriced. TIKR’s professional-grade valuation tools give you a clear, data-backed answer across 60,000+ stocks for free → What Happened? Connectivity semiconductor firm Astera Labs (ALAB) — whose Intelligent Connectivity Platform routes data between AI accelerators inside the world’s largest data centers — doubled revenue in fiscal 2025 to $852.5 million, a 115% jump, even as the stock now trades at $126.16, less than half its 52-week high of $262.90. Astera’s Q4 earnings release on February 10 delivered revenue of $270.6 million, a 92% year-over-year gain that beat the IBES consensus of $249.5 million by $21.1 million, with non-GAAP diluted EPS of $0.58 topping the $0.51 estimate, while Q1 2026 guidance of $286 to $297 million implies sequential growth of 6% to 10%. Scorpio, the company’s AI fabric switch product line that manages high-speed traffic between processors inside AI server clusters, crossed 15% of FY 2025 revenue in only its first three quarters of shipment, the Aries PCIe retimer portfolio grew 70% year-over-year, and Taurus active electrical cable modules — which condition signals inside high-speed Ethernet links — grew roughly 4x, demonstrating that revenue breadth now spans three independent product lines rather than a single concentrated bet. CEO Jitendra Mohan stated on the Q4 2025 earnings call that “the market opportunity for our intelligent connectivity platform is substantially larger than we initially anticipated, encompassing multiple product lines, physical media types, form factors and protocols for both standard and custom applications,” a claim grounded in the company’s February 10 disclosure of a warrant agreement granting Amazon rights to purchase up to 3.26 million shares tied to $6.5 billion in cumulative product purchases through 2033. Astera...
Gary Yeowell/DigitalVision via Getty Images Yields on U.K. government bonds climbed to their highest since 2008, as concerns over a prolonged energy shock linked to the Middle East conflict and stronger-than-expected borrowing unsettled investors, the Wall Street Journal reported. The 10-year gilt yield rose to around 4.94%, its highest since 2008, the report said, citing LSEG data. The increase r...
Gary Yeowell/DigitalVision via Getty Images Yields on U.K. government bonds climbed to their highest since 2008, as concerns over a prolonged energy shock linked to the Middle East conflict and stronger-than-expected borrowing unsettled investors, the Wall Street Journal reported. The 10-year gilt yield rose to around 4.94%, its highest since 2008, the report said, citing LSEG data. The increase reflected growing unease over the country’s fiscal outlook and the prospect of prolonged high-interest rates. The Bank of England voted unanimously 9-0 to maintain its benchmark rate at 3.75% , a decision that prompted an immediate repricing across the gilt market. U.K. public sector borrowing surged to £14.3B in February, sharply exceeding economists’ expectations of £9.3B in a Wall Street Journal poll and reversing a surplus recorded in January. The rise in borrowing comes as markets also grapple with the inflationary implications of escalating tensions in the Middle East, which have fueled concerns about a sustained energy supply shock. Higher gilt yields translate into increased borrowing costs for the government and feed through to mortgage rates, tightening financial conditions across the economy. While current moves are largely driven by global macroeconomic pressures, the sharp rise in yields has revived memories of the 2022 market turmoil triggered by former Prime Minister Liz Truss’s unfunded fiscal plans. U.K.-focused ETFs: ( EWU ), ( FLGB ), ( FKU ), ( FXB ), and ( EWUS ). More on markets US2Y climbs to a 7-month high as the Fed dampens rate cut expectations Recessions are becoming less frequent as sector credit cycles take center stage, Apollo says 15 dividend stocks offering a 4% yield and double-digit returns in 2026 S&P 500’s 15 most oversold stocks
Investors in TPG RE Finance Trust, Inc. TRTX need to pay close attention to the stock based on moves in the options market lately. That is because the March 20, 2026 $3.00 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volat...
Investors in TPG RE Finance Trust, Inc. TRTX need to pay close attention to the stock based on moves in the options market lately. That is because the March 20, 2026 $3.00 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. What do the Analysts Think? Clearly, options traders are pricing in a big move for TPG RE Finance shares, but what is the fundamental picture for the company? Currently, TPG RE Finance is a Zacks Rank #5 (Strong Sell) in the Real Estate - Operations industry that ranks in the Bottom 35% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while two analysts have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from 29 cents per share to 25 cents in that period. Given the way analysts feel about TPG RE Finance right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Looking to Trade Options? Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk. Wa...
isil terzioglu/iStock via Getty Images Planet Labs ( PL ) shares gained 21% after the satellite imaging firm reported fourth quarter results that beat the average analyst estimate. Q4 revenue increased 41% year-over-year to a record $86.8M, taking full-year revenue to a record $307.7M (+26% Y/Y). The company delivered its first fiscal year of adjusted EBITDA ($15.5M) and free cash flow profitabili...
isil terzioglu/iStock via Getty Images Planet Labs ( PL ) shares gained 21% after the satellite imaging firm reported fourth quarter results that beat the average analyst estimate. Q4 revenue increased 41% year-over-year to a record $86.8M, taking full-year revenue to a record $307.7M (+26% Y/Y). The company delivered its first fiscal year of adjusted EBITDA ($15.5M) and free cash flow profitability, closing the year with $640.1M cash. Planet Labs ( PL ) ended the year with a backlog of $900M, up 79% from the previous year. The firm is increasingly leaning on AI and strategic partnerships to enhance its capabilities. Earlier this week, it announced a collaboration with Nvidia to build a GPU-native AI engine to transform how satellite imagery is processed, enhanced, and analyzed. “Planet had a transformational year driven by strong momentum in satellite services, including most recently with Sweden, as well as launching 40 satellites, and inking an R&D partnership with Google to explore data centers in space,” said Will Marshall, Planet’s co-founder, chief executive officer, and chairperson. “We delivered record revenue, with Q4 growing 41% year-on-year, and ended the year with $900 million of backlog, representing 79% growth year-on-year. With this excellent backlog as well as our healthy pipeline, we project strong growth for this year and beyond.” However, net loss widened to $152.5M from $35.2M in the fourth quarter of 2025, mainly due to a $122.6M revaluation loss from the change in fair value of warrant liabilities related to stock price appreciation during the period. Looking ahead, the company expects revenue to be in the range of around $415M to $440M (vs. $385.68M consensus) and adjusted EBITDA profit of approximately $0 - $10M for the full fiscal year 2027. Shares of the company jumped about 20% premarket to $32.34, adding to a remarkable rally that has seen the stock climb more than 500% over the past year. More on Planet Labs Planet Labs PBC 2026 Q4 - Re...
Palo Alto Networks PANW and Okta Inc. OKTA are both U.S.-based cybersecurity companies that specialize in protecting enterprises from evolving digital threats. While PANW focuses broadly on next-gen firewalls, cloud security and AI-driven threat detection, OKTA focuses on identity and access management, providing cloud-based solutions that help businesses safeguard user data. Palo Alto Networks an...
Palo Alto Networks PANW and Okta Inc. OKTA are both U.S.-based cybersecurity companies that specialize in protecting enterprises from evolving digital threats. While PANW focuses broadly on next-gen firewalls, cloud security and AI-driven threat detection, OKTA focuses on identity and access management, providing cloud-based solutions that help businesses safeguard user data. Palo Alto Networks and Okta are capitalizing on the rapid improvement of the cybersecurity space, fueled by the rise of complex attacks, including credential theft and abuse, remote desktop protocol attacks and social engineering-based initial access. Per a Mordor Intelligence report, the cybersecurity market is projected to witness a CAGR of 12.28% from 2026 to 2031. With this strong industry growth forecast, the question remains: Which stock has more upside potential? Let’s break down their fundamentals, growth prospects, market challenges and valuation to determine which offers a more compelling investment case. The Case for PANW Stock Palo Alto Networks remains a cybersecurity leader, offering solutions for network security, cloud security and endpoint solutions for customers who need full enterprise security support. Its next-generation firewalls and advanced threat detection technologies are widely recognized and adopted globally. Palo Alto Networks’ wide range of innovative products, strong customer base and growing opportunities in areas like Zero Trust, Secure Access Service Edge (SASE) and private 5G security continue to support its long-term growth potential. For example, in the second quarter of fiscal 2026, SASE was Palo Alto Networks’ fastest-growing segment, with SASE Annual recurring revenues (ARR) increasing 40% year over year. Growth is mainly coming from customers who want to reduce the number of security tools they use. Many organizations are moving away from older SASE products that do not provide a full view of their networks, cloud workloads and remote users. A notable ex...
farres tariq/iStock via Getty Images Retail sales in Canada increased 0.9% in February of 2026 over the previous month. Retail sales ex autos in Canada increased to 0.8% in January from 0% in December of 2025. More on Canada, FLCA: Warrants Broader Interest, But Wait For A Pullback Carney: Canada will defend allies “when it makes sense” in Iran conflict Canada’s inflation rate falls to 2.3% in Jan...
farres tariq/iStock via Getty Images Retail sales in Canada increased 0.9% in February of 2026 over the previous month. Retail sales ex autos in Canada increased to 0.8% in January from 0% in December of 2025. More on Canada, FLCA: Warrants Broader Interest, But Wait For A Pullback Carney: Canada will defend allies “when it makes sense” in Iran conflict Canada’s inflation rate falls to 2.3% in January Seeking Alpha’s Quant Rating on Franklin FTSE Canada ETF Dividend scorecard for Franklin FTSE Canada ETF
Does the US have a vaccine advisory committee? The answer became surprisingly murky on Thursday, as former members of the Advisory Committee on Immunization Practices (ACIP) and health officials made contradictory statements following a federal judge essentially invalidating the committee and their recent decisions on Monday. According to a former member of the committee who asked not to be identi...
Does the US have a vaccine advisory committee? The answer became surprisingly murky on Thursday, as former members of the Advisory Committee on Immunization Practices (ACIP) and health officials made contradictory statements following a federal judge essentially invalidating the committee and their recent decisions on Monday. According to a former member of the committee who asked not to be identified to discuss sensitive matters, ACIP will continue to exist without the 13 members who were stayed by Judge Brian Murphy on Monday – and officials plan to start the process over again with new members. The judge found that the members had not gone through the necessary process to join the committee, and he put on hold their membership and all decisions the committee made in the past year. The judge also put on hold an unprecedented move in January by US health officials to make major changes to the routine childhood immunization schedule. That means all 17 vaccines are once again fully recommended, including the birth dose of the hepatitis B vaccine. But confusion about the future of the committee still abounds, even among its former members. Robert Malone, the former co-chair of ACIP, posted on X on Thursday that the committee had been “disbanded”. The US government is planning to “recreate a new ACIP committee, as this will take less time than would be required to file and prosecute an appeal”, Malone added. Yet a source familiar with officials’ thinking pushed back on these assertions, saying there has not been a final decision on how to proceed in light of the judge’s order. The 13 members handpicked by Robert F Kennedy Jr who were the focus of the lawsuit are no longer able to serve following the stay, but four others who were recently named are still members of the committee, which is mandated by law to exist. “Unless officially announced by us, any assertions about what we are doing next is baseless speculation,” said Andrew Nixon, spokesperson for the US Departme...
Ecolab Inc. has agreed to buy CoolIT Systems Inc. , a company that develops cooling technology for AI data centers, in a $4.75 billion all-cash deal. Ecolab, a St. Paul, Minnesota-based company that supplies water and hygiene services for industries including industrial businesses and energy companies, is acquiring from funds managed by KKR & Co. , according to a company statement Friday. The firm...
Ecolab Inc. has agreed to buy CoolIT Systems Inc. , a company that develops cooling technology for AI data centers, in a $4.75 billion all-cash deal. Ecolab, a St. Paul, Minnesota-based company that supplies water and hygiene services for industries including industrial businesses and energy companies, is acquiring from funds managed by KKR & Co. , according to a company statement Friday. The firms expect the deal to close in the third quarter of 2026. Data center construction has boomed in recent years as artificial intelligence systems send computing demand soaring. Technology companies have been exploring new ways to cool hardware at the sites with local officials and environmental activists increasingly voicing concerns about the facilities’ water consumption. Shares of Ecolab were down about 1% in premarket trading in New York.
These are trying times for growth investors, so maybe it's a good time to be trying something different. You know those all-weather defensive stocks that many have been rotating into these days? Shouldn't you consider at least some exposure to businesses that can hold up better than most when the next market crash comes around? Costco (COST 0.50%), AT&T (T +1.28%), and Coca-Cola (KO 0.48%) are rec...
These are trying times for growth investors, so maybe it's a good time to be trying something different. You know those all-weather defensive stocks that many have been rotating into these days? Shouldn't you consider at least some exposure to businesses that can hold up better than most when the next market crash comes around? Costco (COST 0.50%), AT&T (T +1.28%), and Coca-Cola (KO 0.48%) are recession-proof for very different reasons. All three are still stocks that you might want to dig into before the market buckles. Let's take a closer look. Costco Kicking off a list of safe stocks with Costco might seem obvious and ludicrous at the same time. On the one hand, Costco is the country's undisputed top dog in warehouse clubs. If the stock market starts to buckle, there's a good chance it's happening because the economy is wobbly. Costco eats that opportunity up. Even if you're not a Costco member, you know the chain that sells bulk-sized essentials at razor-thin margins. The annual fees it collects account for most of its profit. Good luck beating that $1.50 hot dog and soft drink combo. What you might not know is that it has failed to deliver positive annual revenue growth just once in the last 33 years. And even during the recessionary 2009, when the chain proved mortal, the top line only saw a 1.5% dip. Expand NASDAQ : COST Costco Wholesale Today's Change ( -0.50 %) $ -4.94 Current Price $ 974.98 Key Data Points Market Cap $432B Day's Range $ 970.68 - $ 987.76 52wk Range $ 844.06 - $ 1067.08 Volume 4 Avg Vol 2.2M Gross Margin 12.93 % Dividend Yield 0.53 % Costco is obvious, but I also mentioned that it was ludicrous. A safe stock is also typically attractively priced. Costco stock is not cheap. The warehouse club giant is trading for more than 50 times its trailing earnings. It's not a fast-growing retailer. It has posted double-digit annual top-line growth just twice in the last 13 fiscal years. Its 0.5% dividend yield isn't going to turn heads. However, Costco...
Key Points Costco, AT&T, and Coca-Cola are recession-resistant stocks. Costco is a low-margin business, but it's a steady producer of revenue growth in all operating climates. AT&T isn't the only wireless carrier, but it's fair to say that folks will cut a lot of expenses before giving up their portable connectivity. 10 stocks we like better than Costco Wholesale › These are trying times for growt...
Key Points Costco, AT&T, and Coca-Cola are recession-resistant stocks. Costco is a low-margin business, but it's a steady producer of revenue growth in all operating climates. AT&T isn't the only wireless carrier, but it's fair to say that folks will cut a lot of expenses before giving up their portable connectivity. 10 stocks we like better than Costco Wholesale › These are trying times for growth investors, so maybe it's a good time to be trying something different. You know those all-weather defensive stocks that many have been rotating into these days? Shouldn't you consider at least some exposure to businesses that can hold up better than most when the next market crash comes around? Costco (NASDAQ: COST), AT&T (NYSE: T), and Coca-Cola (NYSE: KO) are recession-proof for very different reasons. All three are still stocks that you might want to dig into before the market buckles. Let's take a closer look. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Costco Kicking off a list of safe stocks with Costco might seem obvious and ludicrous at the same time. On the one hand, Costco is the country's undisputed top dog in warehouse clubs. If the stock market starts to buckle, there's a good chance it's happening because the economy is wobbly. Costco eats that opportunity up. Even if you're not a Costco member, you know the chain that sells bulk-sized essentials at razor-thin margins. The annual fees it collects account for most of its profit. Good luck beating that $1.50 hot dog and soft drink combo. What you might not know is that it has failed to deliver positive annual revenue growth just once in the last 33 years. And even during the recessionary 2009, when the chain proved mortal, the top line only saw a 1.5% dip. Costco is obvious, but I also mentioned that it was ludicrous. A safe stock is als...
Investors in The Carlyle GroupInc. CG need to pay close attention to the stock based on moves in the options market lately. That is because the Mar 20, 2026 $32.50 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility su...
Investors in The Carlyle GroupInc. CG need to pay close attention to the stock based on moves in the options market lately. That is because the Mar 20, 2026 $32.50 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. What do the Analysts Think? Clearly, options traders are pricing in a big move for Carlyle Group share, but what is the fundamental picture for the company? Currently, Carlyle Group is a Zacks Rank #3 (Hold) in the Financial - Investment Management Industry that ranks in the Bottom 27% of our Zacks Industry Rank. Over the last 60 days, no analyst has increased his estimate for the current quarter, while three have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter to move from $1.18 per share to $1.13 per share in the same time period. Given the way analysts feel about Carlyle Group right now, this huge implied volatility could mean there’s a trade developing. Often times, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Looking to Trade Options? Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk. Want the la...
(RTTNews) - Ecolab, Inc. (ECL) announced Friday that it has entered into a definitive agreement to acquire CoolIT Systems from funds managed by KKR for approximately $4.75 billion in cash at the closing of the transaction, subject to customary adjustments. CoolIT is a pure-play next-gen AI data center liquid cooling technology company with end-to-end capabilities that designs and manufactures high...
(RTTNews) - Ecolab, Inc. (ECL) announced Friday that it has entered into a definitive agreement to acquire CoolIT Systems from funds managed by KKR for approximately $4.75 billion in cash at the closing of the transaction, subject to customary adjustments. CoolIT is a pure-play next-gen AI data center liquid cooling technology company with end-to-end capabilities that designs and manufactures high-performance liquid cooling systems, including coolant distribution units (CDUs), cold plates and direct-to-chip cooling technologies. CoolIT is expected to generate approximately $550 million in sales over the next 12 months. The acquisition positions Ecolab as a comprehensive cooling solutions provider by advancing its capabilities across the rapidly growing data center market. This integrated solution helps AI data centers improve performance, reduce downtime and lower water use across their operations. With CoolIT's rapid sales growth, the acquisition is expected to significantly strengthen the company's Global High-Tech growth engine and accelerate Global Water's organic sales growth rate by 2% and Ecolab's total organic sales growth rate by 1%. CoolIT will double Ecolab's Global High-Tech market opportunity from $5 billion to $10 billion, with this market growing strong double-digits annually. The acquisition is expected to be accretive to Ecolab's sales growth, accelerating Global Water's organic sales growth rate by 2% and Ecolab's organic sales growth rate by 1%, beginning one year after closing. Excluding non-cash amortization costs, the transaction is expected to be accretive to adjusted diluted earnings per share in 2028. The acquisition will be financed with new transaction debt. The acquisition is expected to close in the third quarter of 2026, subject to regulatory approvals and other customary closing conditions. Looking ahead, Ecolab expects adjusted earnings in a range of $1.69 to $1.71 per share for the first quarter, and continues to expect adjusted earn...