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Alex Potter of Piper Jaffray asks about the profitabiity of the Engine segment JVs. $CMI said the JV earnings did not grow but they represented a higher proportion of sales. Earnings are pretty level in most parts of the world. So there is no significant change in the underlying profitability of the businesses going forward.
$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?