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In 1Q16, $TRV's net investment income was $544MM, 8% lower than 1Q15. Net investment income from fixed maturity investments was $503MM, a decrease of $28MM from 1Q15. Net investment income generated by non-fixed maturity investments was $44MM, down $25MM from 1Q15 primarily due to lower hedge fund returns.
$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?