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Drug company $PRGO reported a 4Q15 loss compared to a profit last year, due to higher selling and administration expenses as well as higher impairment and restructuring charges. Net loss was $107MM or $0.74 per share compared to a profit of $70.2MM or $0.51 per share last year. Sales grew to $1.42Bil from $1.07Bil. Adjusted EPS slid 1% to $1.80.
$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?