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$ITW said that sales in U.K., which represents 5% of $ITW sales, were up 2% in 2Q16 with no signs of slowdown. The company believes that it is too early to measure the longer-term impact of the Brexit. At current FX rates, the weakening of the British Pound is modestly unfavorable to $ITW and this is factored into the updated guidance.
$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?