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Danielle Antalffy of Leerink asks about Brexit impact. CFO James Saccaro said that from volume standpoint, $BAX doesn't expect an impact from some of the macro challenges seen in Europe. U.K. accounts for roughly 5% of the company's sales. Evaluating the Brexit situation, $BAX did currency hedging and believes that it is in a comfortable position.
$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?