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During 3Q15, $SNI recognized net gains of $4MM compared to $2MM during last year. $SNI's effective income tax rate was 31.5% in 3Q15 compared to 30.8% in 3Q14, driven by valuation allowances on foreign losses due to its inability to recognize the tax benefits of these losses. The company expects its annual effective tax rate to be between 30-32%.
$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.