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$SYY said that during FY16, the company grew US broadline local cases 2.6% on an adjusted 52-week basis, strongest performance in several years. In FY16, the company reduced expenses in a number of key areas like supply chain, reducing indirect spend, standardizing organizational design and reducing number of markets in the US from eight to six.
$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?