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PPI-FD Update: 30% of June advance in prices for final demand goods can be traced to gasoline index, which rose 4.3%. Prices for chicken eggs, pharmaceutical preparations, residential electric power, residential natural gas & cigarettes also moved higher. Index for fresh & dry vegetables fell 6%. Prices for LPG and electronic computers decreased.
$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?