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$HP said that the effective income tax rate for 1Q16 was higher than expected primarily as a result of adjustments related to the recent tax law change, extending bonus depreciation allowances that expired at the end of 2014. The company expects that effective tax rate for each of the remaining three quarters of 2016 to be in the range of 32-35%.
$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?