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Joshua Shanker of Deutsche Bank asks about the relative valuation of Diamond Offshore. $L said when it bought back the shares of Diamond, it did not anticipate the decline in offshore drilling, the decline in oil prices and the cut in the capital budgets of oil companies. Now $L has a more clear picture of the position of this business.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?