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Yellen said that much of the recent softness in inflation has come from transitory factors, which is expected to abate over time. She said diminishing slack in labor and product markets should put upward pressure on inflation in coming months. She also added that it takes time for monetary policy actions to affect future economic outcomes.
$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?