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$YUM said that as per the Chinese government's retail tax reform, a 6% output VAT would replace the present 5% business tax currently applied to certain restaurant sales in China. $YUM expects that this reform will positively benefit it and will enable it to invest continuously in the business and create thousands of additional jobs in China.
$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?