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$STT announced a multi-year plan to accelerate the next phase of its transformation program to generate roughly $500MM in annualized savings once fully implemented. Moreover, it plans to reduce nearly 600 positions on gross basis. The plan, expected to be completed by next year-end, will lead to saving of $50MM annually.
$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?