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Healthcare products company $JNJ said restructuring actions in its Medical Devices businesses are expected to yield annualized pretax cost savings of $800MM to $1Bil, majority of which is expected by 2018-end, including about $200MM in 2016. $JNJ expects pretax restructuring charges of about $2-2.4Bil of which about $600MM will be recorded in 4Q15.
$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?