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$PH 4Q15 Q&A: Jones of Stifel asked about 2016 margin guidance. Thomas answered, it’s coming from different areas. PH has been restructuring this year and did the early retirement program in 4Q15. The simplification program for FY16 will help drive margins. Will come on an adjusted basis, 50 BP higher margins in FY16 on as reported lower sales.
$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?