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$PEP 2Q15 PR: Net revenue was $15,923MM vs. $16,894MM in 2Q14, net income attributable to Pepsico was $1,980MM vs. $1,978MM in 2Q14;& operating profit $2,900MM vs. $2,896MM in 2Q14. Organic revenue grew 5.1% & gross margin expanded to 115BP.On GAAP basis, net revenue declined 6% reflecting 10 percentage point impact of foreign currency translation.
$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?