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Akshay Jagdale of Jefferies asks about $CAG's portfolio segmentation. CEO Sean Connolly said categories that are healthy and growing with brands that are strong with good margin structures become priorities in terms of innovation and support. It will be a holistic approach to improving the business and optimizing the mix within the portfolio.
$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?