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Crude oil refiner $MPC said the company will continue its investment strategy across all segments of the business. In 1Q16, the company announced a significant reduction of about 30% of its 2016 CapEx plan. $MPC's Refining and Marketing segment reported a $62MM loss in 1Q16 compared to an income of $1.3Bil a year ago, hurt by weaker crack spreads.
$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?