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$PSX announced a $3.6Bil capital budget for 2016, excluding $PSXP's capital program. BoD of $PSX approved a $2Bil increase to its share buyback program, bringing total buyback authorization to $9Bil. $PSX to spend $2Bil on its midstream business lines, $1.2Bil on refining and invest $135MM of growth & sustaining capital in Marketing & Specialties.
$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?