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Wells Fargo analyst Sam Pearlstein questions $UTX about the slow payments made in Aerospace OEMS. CEO Greg Hayes says the pressure on cost continues unabated at the OEM levels. The company has a lot of pressure in this competitive environment to reduce costs. So, $UTX is working with the customers to find ways to take costs out of the product.
$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?