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$QRVO's gross margin for 3Q16 fell to 37.2% from 48% last year. This was primarily due to costs related to Business Combination and average selling price erosion and was partially offset by synergies as well as a favorable change in product mix towards higher margin products and manufacturing and sourcing-related cost reductions.
$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?