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During 1Q16, $SE said that its net cash provided by operating activities decreased $209MM to $557MM vs. 1Q15, driven mostly by changes in working capital and lower earnings. Net cash used in investing activities were $716MM, driven mainly by an increase in capital and investment expenditures.
$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?