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St. Louis, Missouri-based healthcare provider $CNC said that total 2Q16 revenues rose 98% YoverY to $10.9Bil. The company said that quarter-end membership stood at 11.4MM, representing an increase of 6.8MM beneficiaries over 2Q15. $CNC's HBR improved 250 BP YoverY to 86.6% due to the product mix shift from Health Net acquisition.
$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?