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The Institute for Supply Management reported today that Nov. 2015 PMI registered 48.6%, a decrease of 1.5 percentage points from 50.1% in Oct. Economic activity in the manufacturing sector contracted for the first time in 36 months, since Nov. 2012. PMI average for the last 12 months was 51.9% with a high of 55.1% in Dec. 2014 and a low of 48.6%.
$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?