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$NWL's normalized GM increased 30 BP to 39.5% driven by productivity, pricing and mix, partially offset by the negative impact of foreign currency. The company sustained high levels of investment in advertising and promotion at 5.2% of sales. $NWL delivered strong normalized operating margin of 15.2%, a 90 BP increase vs. prior year.
$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?