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$REGN said its 1Q16 R&D expenses grew to $470.1MM versus 1Q15. SG&A expenses increased to $289.7MM, primarily due to higher headcount and headcount-related costs. 1Q16 effective tax rate was negatively impacted compared to the US federal statutory rate, mainly by losses incurred in foreign jurisdictions with rates lower than the US statutory rate.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.