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Deutsche Bank analyst Brian Mendell questions $NTRS on its decision on exiting the non-strategic loan portfolio. CFO Biff Bowman says that approx. a year ago, $NTRS made the decision to exit its loan & lease portfolio. The company is half way through or more on the execution of that. The leases, though of good quality, will still be sold to buyers.
$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?