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Cai von Rumohr of Cowen asks for some color on the order environment and book-to-bill expectations. $SAIC stated it is looking at a modestly favorable outlook for the next five years. $SAIC is confident in its pipeline and competitive win rates and both of these contribute to the conversion of awards to revenue. $SAIC expects strong book-to-bill.
$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?