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Adam Uhlman from Cleveland Research asks about raw material cost, at what point in the year in $DE's model does this start to become unfavorable. $DE said steel prices today is very volatile. The company is seeing steel prices rise dramatically. $DE's risk is mostly in 4Q, the way its contracts are set up. Minimal impact in 2016, more risk in 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?