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Operating income increased 27% in 2Q16 for $STZ primarily due to the strong consumer demand within the Mexican beer portfolio along with a decrease in comparable adjustments. $STZ's gross profit was up $103.6MM driven by an increase in Beer business of $89.2MM and a decrease in comparable adjustments of $11.1MM.
$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?