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$K said that it is expanding and accelerating its margin expansion plans. The company has a plan that can realize approx. 350 BP of improvement at currency nuetral comparable operating profit margin through the year 2018. The key drivers to margin improvement are 3-4% of productivity to offset inflation and additional Project K initiatives.
$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?