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$CVS 2Q15 Call: CVS returned more than $3.7Bil to shareholders in 1H15 and expect to return more than $6Bil for FY15. Recently issued series of senior notes totaling $15Bil. Gross margin was 17.2%, down 105 BP vs. 2Q14. Net interest expense grew approx. $8MM from 2Q14 to $166MM. Effective tax rate was 39.3%. Weighted average shares were 1.1Bil.
$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?