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Melville, New York-based $MSM said after a meaningful improvement in the March 2016 MBI reading to 49.7%, April and May readings dropped significantly to about the 45% level. On a rolling 12-month average, the MBI currently sits at 45.3%, which implies the continued and significant contraction in metalworking manufacturing activity levels.
$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?