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Amanda Murphy of William Blair asks for an update on $TECH's operating margins. CEO Chuck Kummeth replied that with the dilution this coming year with ACD and Zephyrus and what it is doing, the company believes mid-30s is a safe number. He added that the company will be clawing back to the 40% number by working on productivity and synergies.
$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?