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Sven Eenmaa of Stifel asks about the growth rates seen in the new construction versus retrofit and renovation market. CEO Vernon Nagel said $AYI's mix of business is 50% renovation, 50% new construction. He added that it is probably tilting a little bit more towards renovation and over time it may even tilt more due to the enormous installed base.
$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?