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$STT expects State Street Beacon to deliver approx. $550MM an annualized pre-tax net run rate expense savings by the end of 2020 with approx. $75MM of that run-rate saving being achieved in 2016. The company estimates pre-tax restructuring charges of approx. $300M to $400M from 2016 through 2020.
$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?