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$GGP 2Q15 Q&A: Donnelly from Wells Fargo asked about margin expansion. Sandeep replied we’ve picked up I think 4-5 points of margin over last few years. We’ve done a lot in terms of tax recoveries and contractual arrangements at fixed costs. I think this last quarter, we were up almost a point in operating margin and we got to, I think close to 74%
$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?