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For 2Q16, $NSC's effective tax rate was 36.3%. For 2016, tax rate is expected to be about 37%. Cash from operations for 1H16 was $1.4Bil covering Capex and producing $500MM in free cash flow. Total Capex for full-year 2016 is expected to be $1.9Bil. $NSC remains on track for 2016 share repurchases of $800MM.
$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?