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John Roberts of UBS asks about the start-up date for the new polyethylene unit and the propylene oxide project. CEO Bob Patel says that new polyethylene unit is expected to start in mid-2019. With regard to propylene oxide project, he said that it is progressing well. $LYB expects to make a final investment decision in 1H17.
$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?