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$AMGN said it has reduced gross costs by $700MM, enabling 2015 adjusted operating margin to grow by some 4 points. The company expects to make further progress in 2016 and it is expecting another $400MM of gross savings, as $AMGN expects to reduce adjusted operating expenses YoverY.
$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?