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$PSX said in Chemicals, it expects the global Olefins & Polyolefins utilization rate to be in the mid-90s in 3Q16. In Refining, the company expects the worldwide crude utilization rate to be in the mid-90s and pre-tax turnaround expenses to be between $100-120MM. The company expects corporate & other costs to come in between $115-125MM after tax.
$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?