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In Nov., the PPI for final demand services advanced 0.5%. Over 40% of Nov. advance in prices for final demand services is attributable to a 6.2% increase in margins for apparel, jewelry, footwear, and accessories retailing. Conversely, prices for securities brokerage, dealing, investment advice, and related services fell 3.9%.
$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?