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Mitch Steves of RBC Capital Markets asks about the GM dynamics and the reason for the 100 BP increase. $SMTC said it was mostly a mix of the products that it shipped more of in 1Q17. And in the quarter there were some low margin products which were going to be in the revenue mix, but those were pushed out of the quarter, which helped GM.
$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?