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$WMT agreed to acquire e-commerce company Jet.com for $3.3Bil as the retail giant looks to strengthen its online shopping business to take on established players like $AMZN. $WMT said it expects to obtain necessary regulatory approvals to complete the transaction and both companies intend to make all necessary filings in the near future.
$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?