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$STZ's gross profit for FY16 increased by 14% from last year. The increase was primarily due to rises in Beer of 21% and Wine and Spirits of 5%. The increase in Beer is primarily due to the volume growth within Mexican beer portfolio, the favorable impact from pricing in select markets and lower organic cost of product sold.
$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?