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Pretax catastrophe losses of $72MM came from a number of worldwide events, including $22MM from the explosion in Tianjin, $5MM from a Chile earthquake, and a balance of other events including US flooding and Asian typhoons. In 3Q15, $ACE's Fireman's Fund business made a one-time contribution of 0.75 point to the improvement in the combined ratio.
$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?