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$LM's effective tax benefit rate for 3Q16 was 42.8% compared to an effective tax rate of 32.2% in 3Q15. The decrease in tax (benefit) rate was primarily due to cumulative income tax benefit of $55.8MM, related to annualized tax benefits attributable to prior quarters on impairment charges recognized in 3Q16 in lower tax rate jurisdiction.
$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?