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$SBUX's effective tax rate for 1Q16 rose to 34.5% from 24.2% in the previous year quarter. The increase was primarily due to lapping 11.2% impact of gain associated with remeasurement of its preexisting 39.5% ownership interest in Starbucks Japan upon acquisition in 1Q15, which was almost entirely non-taxable.
$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?