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$BEN 3Q15 Q&A: Montgomery of Sanford C. Bernstein asked what is driving AUM performance. Gregory answered that it's mostly around the Franklin Income Fund which represents about 30% of that category and it historically is always going to have a higher yield, more interest rate risk than many in its category.
$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?