Want to join the conversation?
$WDC's income tax provision for 1Q16 fell to $31MM from $37MM last year, on result of lower income before income taxes. The difference of tax rate and the U.S. statutory rate are primarily due to tax holidays in Malaysia, Philippines, Singapore and Thailand that expire at various dates from 2016 through 2025 and CY generation of income tax credits.
$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.