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$VLO, which competes with $XOM and $CVX, said that 1Q16 adjusted operating income for the Refining segment was $695MM or $946MM lower vs. 1Q15. Margins fell mainly due to weaker distillate margins given high refinery run rates across the industry, product inventory builds and unseasonably warm weather.
$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?