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$NUE reported a 3% fall in net sales, but lower costs and an increase in income tax provision helped the largest U.S. steel producer to report a higher quarterly profit. The company reported 2Q16 earnings of $ 233.8MM, or $0.73 per share, compared with earnings of $124.8MM, or $0.39 per share a year ago. Net sales fell to $4.25Bil.
$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?