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$LLTC 4Q15 Q&A: Danley of Citi asked about OpEx management. Don replied that there is some variable costs within OpEx that certainly have some control over the fixed costs. There is no no major plans to do anything drastic there. Expect gross margin to go down more than revenue. OpEx will go down and it will be a pretty good job of managing OpEx.
$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?