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Erin Wilson of Credit Suisse asks about restructuring and cost savings initiatives. $ZTS said it is ahead of its plans. The initial target was $300MM. The company is ahead in implementation and will generate higher savings in 2016 than expected. The SKU rationalization plans are also in line with expectations.
$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?