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$MJN 2Q15 Call: Sales impacts from ForEx translation was approx. 4% vs. 5% in 1Q15. Gross margin was 65.4%, highest in five years. With approx. 75% of revenue and profit outside US, MJN is subject to the adverse impact from a strengthening dollar. MJN increased its advertising and promotional spend significantly in 2Q15 to $190MM or 18.4% of sales.
$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?