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$MET 2Q15 Call: 2Q15 included one notable item in Asia business. Japanese corporate tax rate was reduced from 31% to 29%, as a result we have recorded a one-time tax benefit of $174MM in 2Q15. Operating earnings portion of one-time benefit was $61MM or $0.05 per share. We estimate that tax benefit from rate reduction will be approx. $24MM in 2015.
$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?