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$BF.A $BF.B, which owns brands like Southern Comfort and Tuaca, said that YTD, FX has negatively affected net sales growth by 8 points. Price mix was up 4 points in 3Q16. Underlying A&P spend rose 1%, while underlying SG&A grew 4%, both being a few points below on a reported basis as FX helped the company's non-US dollar denominated cost.
$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?