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$MJN, the maker of Enfamil baby formula, said that 4Q15 sales on a reported basis was 12% below the 4Q14 with adverse FX rate decline of 6% similar to that of 3Q15. For the full year, sales on a reported basis were 8% below 2014, where the adverse FX impact on sales was 6% or $229MM.
$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?