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Deutsche Bank analyst Mario Contreras questions about the trends in the cat foods category. $SJM says that what it experienced in the last quarter wasn't competitive pricing activity in the category, that puts pressure on the brand. The company has taken some programs back to its retail partners where it is working with them to get the price right.
$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?