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For 1Q16, $BSX's adjusted R&D expenses were $209MM or 10.7% of sales, which is roughly flat YoverY. This is another area for the company to reinvest the benefit of the medical device tax suspension. The company expects full-year 2016 R&D rate to be between 11-12% of sales. Royalty expense was 1% of sales in 1Q16.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.