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$BSX said it expects 3Q16 and full year 2016 adjusted gross margin to be in the range of 71.5-72.5%, which includes an expected 75-100 BPs of unfavorable ForEx. A key element in 2H16 increase is lower expected inventory charges and the company will also benefit fully from the lower 2016 standard cost of its products.
$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?