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John Faucher of JPMorgan asks about less of SG&A investment vs. past year and a half. $PEP CFO Hugh Johnston said A&M was up 65 BP YoverY, so the company continues to see strong push into A&M. Also, the company continues to invest in capabilities that enable globalization of best practices having a positive effect on innovation and productivity.
$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?