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Nigel Coe of Morgan Stanley asks what sort of pension headwind would $MMM expect in the next year. CFO Nicholas Gangestad said that pension expenses would become a headwind for $MMM in 2017. He added that he will not comment on the magnitude of the pension headwind.
$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?