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$TTC said its 2Q16 gross margin was 36.2%, an increase of 210 BPs. Favorable commodity costs, increased productivity and product mix favoring the company's Professional segment all contributed to this improvement. $TTC now expects an increase in gross margin for 2016 of about 100 BPs, due to the impact from lower 2H16 manufacturing volumes.
$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?