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$DOV's effective tax rate for continuing operations for 1Q16 was 22.1% vs. 28.8% in 1Q15, which includes favorable discrete items of $7.3MM. Excluding these discrete items, the effective tax rate was 27.9% for 1Q16. The 2016 discrete items principally ensued from the impact on deferred tax balances of a tax rate reduction in a non-US jurisdiction.
$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?