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$SYK's other expenses increased due to higher net interest expense related to increased borrowings during 1Q16, mainly to fund the recently completed Sage and Physio-Control acquisitions. Adjusted effective tax rate of 17.4% reflects the benefits of the global tax structure and the permanent renewal of certain tax extenders.
$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?