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$PEP, which competes with $KO and $DPS, said that since 2012 the company has generated approx. $1Bil of annual productivity savings and is on pace to do so in 2016. The company also said that it has fully implemented its zero-based smart spending program across the enterprise and is seeing significant expense reductions in the areas targeted.
$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?