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Justin Lake of Wolfe Research asks about capital deployment if the Anthem deal is cancelled. $CI said if the deal fails, looking towards the second half of 2017, the company would have about $5Bil of deployable cash. The balance sheet currently has 27% leverage, with normal business adding 10 points and strategic M&A adding 15 points to the same.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.