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Mario Contreras of Deutsche Bank asks about the challenges faced by $HRL in its SPAM and SKIPPY brands and recovery in 2H16. COO James Snee said the biggest issue faced was the impact of the strong dollar in some export markets along with other supply issues. $HRL expects 2H16 to be better in terms of branding, pricing and advertising.
$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?