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Medical equipment company $EW said its R&D expenses rose to $102.4MM in 1Q16 from $86.4MM in the prior year quarter, which was primarily due to new mitral & aortic THV product development efforts. $EW also said that the suspension of medical device excise tax provided additional flexibility to accelerate investment in structural heart initiatives.
$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?