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$GILD's provision for income taxes was $935MM for 1Q16, compared to $907MM in 1Q15. The company's effective tax rate was 20.8% for 1Q16, compared to 17.3% in 1Q15. The effective tax rate for 1Q16 was higher than the effective tax rate for 1Q15 mainly due to lower earnings from non-US subsidiaries that are considered indefinitely reinvested.
$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?