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$CVX announced a $26.6Bil capital and exploratory investment program for 2016. Included in the 2016 program are $4.5Bil of planned expenditures by affiliates. The 2016 budget is 24% lower than total expected investments for 2015. For Upstream, about $9Bil of planned capital spending is for existing base producing assets.
$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?