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$PG 4Q15 Q&A: Ferrara of Wells Fargo Bank asked about Mexico and Japan and tax rate for FY16. Jon answered that tax rate at 24%, the rate that PG has been at is lower than it is going to have going forward. So the 23-25 is normalized rate going forward. On Mexico and Japan, saw sequential improvement in Mexico and Japan went the other way.
$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?