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$RRC, which competes with $CHK and $XOM, said that during 1Q16, it achieved a 20% reduction in drilling cost per foot vs. 1Q15, while drilling 50% more lateral feet per day, per well on average. As a result, the company was able to save 20% on its drilling cost.
$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?