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$FDX said its US GDP growth forecast is 1.6% for 2016, 20 BPs lower than forecast in 4Q16 and 2.3% for 2017, led by gains in consumer spending. Global GDP growth forecast is 2.2% for 2016, 10 BPs below 4Q16, and 2.6% for 2017. The company expects industrial production to decline 0.7% in 2016, 10 BPs lower than 4Q16, and increase 2.2% next year.
$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?