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$STZ's gross margin for 3Q16 rose to 44.7% from 41.4% in prior year quarter. This is primarily due to lower Beer and Wine and Spirits' cost of product sold, favorable product mix shift for Beer and Wine and Spirits, favorable impact from Beer pricing in select markets, benefit from purchase of Meiomi and fall in Comparable Adjustments.
$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?