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Equity-method investment earnings were $37MM for 1Q16 compared to $26MM in the year-ago period. The YoverY increase generally reflects the inclusion of a full quarter's profits for the Ardent Mills JV. 1Q15 only included two months of earnings from this JV. $CAG's corporate expenses were approx. $85MM in 1Q16.
$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?