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International producer and marketer of beer, wine and spirits $STZ reported net sales growth of 8% to $1.73Bil in 2Q16 and net income surged 54% to $302MM. On strong beer business and favorable quarterly tax rate, EPS jumped 52%. Beer net sales also reported an increase of 14%, driven primarily by volume growth.
$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?