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$BAX improved by more than 2 points in operating margin in 3Q15. This performance was supported by positive product mix and disciplined expense management. As part of its ongoing efforts to optimize expense base, $BAX initiated a global workforce reduction that will generate about $130MM in annual savings.
$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?