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In 2016, $SWK expects $500MM plus in pound revenue in the UK and $1.7Bil plus in euro revenue across the Euro region. For 2H16, company considers low to mid-single digit growth organically in Europe. At current spot rates for euro and pound, $SWK sees $8MM additional currency pressure relative to $140MM FX headwind disclosed in April guidance.
$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?