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$ZTS said that SKU reduction and changes to its business model in countries like Venezuela and India reduced the operational revenue growth by roughly 400 BP. The full-year 2016 growth drag is expected to be roughly 500 BP. The SKU reduction and business model changes are felt more in the International segment and in the livestock business.
$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?