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Meat producer $TSN reported a jump in 1Q16 earnings driven by lower cost of sales, despite a fall in sales. Net income rose to $461MM or $1.15 per share from $310MM or $0.74 per share last year. Sales fell to $9.15Bil from $10.82Bil, due to lower volumes and decline in average prices.
$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?