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Underlying gross profit of $BF.A $BF.B for 3Q16 grew 4% from last year, after adjusting for negative effect of FX and positive effect of estimated net rise in distributor inventories. Gross margin improved to 51.3% from 50.6% last year, reflecting a favorable mix shift, partially offset by increases in underlying cost of sales.
$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?