Keurig Dr Pepper (KDP) reported that third quarter results were in line with Wall Street expectations.

Additionally, according to a Wall Street Journal report, the beverage giant is entering the energy drink market with the acquisition of Ghost. The deal is valued at over $1 billion, with Keurig Dr Pepper investing $990 million for a 60% stake in the energy drink maker.

Catalysts Hosts Seana Smith and Madison Mills break down the details.

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This post was written by Angel Smith