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$BEN said 1Q16 asset-based distribution fees decreased $70.6MM from 1Q15, primarily due to decrease of $65.5MM from a 13% decrease in the average AUM. Sales-based fees decreased $45.6MM, primarily due to a 33% decrease in total commissionable sales. Commissionable sales represented 9% of total sales for 1Q16.
$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?