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David Driscoll of Citigroup asks about the cost savings program. $CPB CEO Denise Morrison said the cost savings program is giving the company the financial flexibility to reinvest back in the business. $CPB is very choosy about these investments and these investments are predominantly going after new product launches.
$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?