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Excluding discrete items, effective income tax rate was 26.1% compared to 32.1% a year ago. Tax rate decrease was due to cash repatriation benefits and a change in geographical mix of projected earnings. YTD tax rate, excluding discrete items, was 30%. This rate is at the low end of $JOY’s full year guidance of 30-32%.
$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?