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$DISCA's 3Q15 tax rate decreased by 400 BP from 2014 to 31%, due to some discrete one-time tax settlements during the quarter. Effective tax rate is expected to be 33% for full year 2015 and to be at or below 30% for fiscal 2017. $DISCA believes this declining tax rate will drive its net income growth and accelerate free cash flow growth overtime.
$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?