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Health services organization $CI said that 1Q16 net investment income was flat to $272MM vs. 1Q15, reflecting lower investment yields from continued low interest rate environment. This was offset by higher average invested assets. Mail order pharmacy revenues rose 17% to $574MM vs. 1Q15, driven by higher volume, mainly for injectable medications.
$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?