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Pharmaceutical company $ABC said in 2Q16, adjusted gross profit increased 12% to $1.2Bil. Total adjusted Opex increased 18% to $575MM. Adjusted operating income was $592MM, up 7%. Adjusted operating margin was 1.66%, down 3BP from 2Q15. Adjusted income tax rate was 31.3%. Adjusted diluted EPS grew 16% to $1.68.
$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?