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Longbow Research analyst Chris Dankert questions about cannibalization of parts, especially in oil field. $AIT says that on the amount of tilted rigs, cannibalization still exists, but to a lesser extent. $AIT sees rig counts moving up from April to Aug., so as they come back, some are refurbished with existing parts and some need demand coming up.
$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?