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$PG 4Q15 Q&A: Altobello of Raymond James asked about the capital intensity of PG 2-3 years from now. AG commented, PG is in a period where the company is investing and returning. One won’t see an increase but PG would hope it to level out in time. For next 1,2,3 years, company is going to be investing in about the current rate in CapEx.
$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?