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$MO is implementing a productivity initiative, which is expected to deliver about $300MM in annual productivity savings by end of 2017. Company expects to get savings from reduced spending on some SG&A infrastructure and a leaner organization. Some of the savings will be invested in brand building and regulatory capabilities.
$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?