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$LNC said the market value of available-for-sale (AFS) securities and trading securities backed by subprime loans was $526MM and represented approx. 1% of its total investment portfolio as of March 31, 2016. AFS comprised $517MM or 98% and trading securities comprised $9MM or 2% of the subprime exposure as of March 31, 2016.
$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?