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UBS analyst Brian Meredith asks $PGR to comment about cat losses being higher in April vs. March and the steps taken to mitigate the volatility. CEO Glenn Renwick said that the company has a single attachment point of about $45MM and an aggregate attachment of $175MM. There is no pressure to take any less reinsurance, but also no more reinsurance.
$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?