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In 1Q16, emerging markets were up about 3.5% as $MDLZ priced to recover currency-driven inflation to protect profitability. Developed markets grew 1.3%. All of this growth was driven by vol/mix including solid growth in Europe and North America. Power Brands were up nearly 4% in line with categories.
$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?