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Expenses decreased 11% versus the prior year, driven mainly by a $145MM favorable impact from lower fuel prices. $CSX's ongoing focus on efficiency drove $42MM in productivity gains in 3Q15, while lower volume resulted in over $70MM of cost reduction versus last year. Interest expense was similar to last year and income taxes were $292MM in 3Q15.
$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?