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Justin Post of Merrill Lynch asks about Int. margins being a bit below from where they were. $AMZN CFO Brian Olsavsky said that margins are still negative on a FX neutral basis. The company has selection expansion, infrastructure investments, fulfillment network & digital content. $AMZN is excited about India & will continue to invest heavily.
$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?