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Chris Danely of Citigroup asks about restructuring; total expenses dropping $150MM a quarter from 4Q16 to 2Q17. $INTC CFO Stacy Smith said that the company cannot give that level of granularity of forecasting by quarter in 2017. The $1.4Bil is all opex, an opex savings number that $INTC believes to get to by mid-2017.
$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?