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$GIS 4Q15 Q&A Update – Don, CFO: We have 2% inflation in COGS & we will have normal inflation across our remainder of our SG&A. The reinvestment is going to be over half of what those cost savings are. Our pension expense with the change in mortality table it’s going to increase our liability, increase our expense non-cash by about $70MM next year.
$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?