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$LH's operating income for 1Q16 grew to $301.9MM from $132.4MM last year. Adjusted operating income rose to $375.5MM from $302.2MM, primarily due to strong revenue growth and productivity, partially offset by personnel costs and bad debt. Adjusted operating margin fell to 16.4% from 17.1%, on mix impact from inclusion of Covance's results.
$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?