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Julian Mitchell of Credit Suisse asks about core margin expectations for 2016. CEO Tom Joyce answered that the core margins were relatively flat for the company ex Fortive and for 2016, the company continues to expect 50-75 BPs of core margin expansion for $DHR ex Fortive. He added that the company expects better performance in 3Q16 and 4Q16.
$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?