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$MET's variable investment income (VII) was $285MM in 2Q16, below the run rate quarterly guidance. The company said that given the YTD performance, full year VII could fall below the $1.2Bil low-end of the guidance range. From an investment perspective, the UK exposure is limited to $17Bil, with nearly all assets currency-matched with liabilities.
$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?