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$MCY's catastrophe losses for 2Q16 increased to $11MM from $7MM in the previous year quarter. The catastrophe losses for 2Q16 were primarily the result of severe storms in Texas and in northern California and that from 2Q15 were primarily the result of tornadoes in Oklahoma and severe storms in the Midwest and Texas.
$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?