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Seamus Fernandez from Leerink asks about the benefit on tax in 2Q16. $MRK said that what the benefit relates to is that the IRS allows for orphan drug clinical trial. So if a drug has a validated orphan status from the FDA, the clinical trial expenses can be taken as credit against the tax and that is what is referred to as orphan drug tax credit.
$BA won a $22 billion deal from SpiceJet, their largest order from an Indian airline.
$FB stock remained in the green territory after Raymond James upgraded shares to strong buy from outperform, on expectations that overall 4Q16 ad spending was strong.
$ARRY Good day for the stock, jumped 7%. Great gains !
2017 was supposed to be another record year for automotive industry. Still, $F Ford thinks its profit will dip in 2017..!!
$KKR to buy Hitachi’s power tool unit Hitachi Koki for $1.3 billion. Looks like KKR & Co is going strong in Japan! Remember when it bought Calsonic Kansei a while back?