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$MKC said it will provide an update on growth strategies at Consumer Analyst Group of New York (CAGNY) conference. $MKC said it will announce a new $400MM cost savings target and reaffirm its long-term financial objectives. $MKC's long-term financial outlook is for annual growth of 4-6% in sales, 7-9% in operating income and 9-11% in EPS.
$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?