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In 1Q16, $CNP's interest expense was lower on a period-to-period basis due to the repayment of higher interest rate debt in 2015. For the full-year 2016, the company expects interest expense to be lower vs. 2015 due to refinancing activity. Effective tax rate was 36% and $CNP expects the same for the full year.
$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?