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Money wiring giant $WU's effective tax rate on pre-tax income fell to 11% as of Dec. 31, 2015. The decrease was due to various tax planning benefits, some of which are non-recurring. This was partially offset by changes in the composition of foreign earnings between higher taxed and lower taxed, and the combined effects of various discrete items.
$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?