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Amit Daryani of RBC asks about the weakness in the industrial segment performance. $ADI said the industrial weakness was specific to aerospace and defense which tends to be affected by timing. The company expects a recovery in 4Q16. $ADI did not expect a significant improvement sequentially in industrial for the quarter.
$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?