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Vivien Azer of Cowen asks if $RAI called out specifically that there was a volume impact from trade inventory changes on the Santa Fe brand. CFO Andrew Gilchrist replied that there certainly was an impact and the company's shipments were up 10.8%. He added that adjusting for inventories, $RAI would have been up closer to 14%.
$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?