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$LM's effective tax rate for 2Q16 fell to 30.5% from 43.1% last year. The decrease was primarily due to tax benefit from reserve adjustments related to conclusion of certain tax examinations, and impacted the effective tax rate by 7.8 percentage points, and the impact of tax rate relative to lower level of pre-tax income in last year.
$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?