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$PGR said that during March, it incurred about $82MM, or about 4.9 loss ratio points of catastrophe losses vs. last year. Majority of the catastrophe losses in March was due to wind and hail storms in Texas and Louisiana. Of this, $46MM, or 2.9 points was in $PGR's vehicle businesses and $36MM, or 53 points was in Property business.
$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?