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$PGR said its net income for April 2016 was $54.5MM or $0.09 per share, down from $189.3MM or $0.32 per share in April 2015. Net premiums written grew to $2.33Bil from $2.06Bil and net premiums earned rose to $2.11Bil from $1.9Bil. Combined ratio for April 2016 increased to 98.4% from 88.9%.
$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?