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$KO said that it remains on track with refranchising efforts and expects to complete those efforts by the end of 2017. In China, overall consumer environment is weakening. Despite the actions taken to improve its business, $KO expects China operations to be under pressure for the remainder of the year.
$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?