Walt Disney studios has gone from Mickey Mouse to Darth Vader, and boy is it paying off. With Rogue One: A Star Wars Story having a worldwide opening weekend coup of $290 million, Disney has become the first movie studio in history to gross $7 billion globally at the box office. Where does the studio go from here? And just how high is the roof for The Walt Disney Company?
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FRED’S AGREES TO ACQUIRE 865 RITE AID STORES
In a bid to bolster its chances to buy Rite Aid, Walgreens Boots Alliance and Rite Aid said Tuesday that they plan to sell hundreds of Rite Aid locations to Fred’s Inc.for $950 million.If the sale of the 865 stores gets the green light from regulators, Fred’s would instantly become one of the biggest pharmacy chains in the U.S., and Walgreens’ year-long quest to merge with its drug store rival would move closer to its goal of the deal closing at the start of next year.
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MARK ZUCKERBERG BUILDS SOFTWARE BUTLER – JARVIS FOR HIS HOME
Mark Zuckerberg’s artificial intelligence-imbued software “butler” — named Jarvis — is now in service, and even plays with his family, the Facebook chief said Monday. Zuckerberg took on the personal project this year, devoting about 100 hours to making a system inspired by the “Iron Man” film character Jarvis as a virtual assistant to help manage his household..
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Closing Bell
– Tuesday, December 20th
Dow Flirts with 20k as Financials Lead Markets Higher
Big Insider Trades
– Genesee & Wyoming, Inc. (GWR) Director Mortimer Fuller Sells $2m
-Infinity Pharmaceuticals, Inc. (INFI) Execs Buy $1..3m
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