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Julian Mitchell of Credit Suisse asks about the segment margin bridge. $GE said that cost productivity GM is a 40 BP drag. Looking at how the marks and re-measurements peel off over the year against the contracts that they are hedging, about two-thirds of those contracts settle up in the form of cash in the year.
$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?