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$REGN's effective tax rate for 3Q15 fell to 46.5% from 54.1% in 3Q14. The latest quarter tax rate was negatively impacted, compared to federal statutory rate, by losses incurred in foreign jurisdictions, non-deductible Branded Prescription Drug Fee, and expiration, at end of 2014, of federal tax credit for increased research activities.
$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?