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The world's largest seed company $MON posted a loss of $253MM or $0.56 per share in 1Q16, compared with earnings of $243MM or $0.50 per share a year ago. Revenue was $2.2Bil and lower versus a year ago, due to weaker foreign currencies, glyphosate pricing and lower corn volumes in Latin America. Excluding items, loss was $0.11 per share.
$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?