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Bureau of Economic Analysis: Profits from current production decreased $33Bil in 3Q15, in contrast to a rise of $70.4Bil in 2Q15. Profits of domestic financial corporations increased $1.8Bil in 3Q, while profits of domestic nonfinancial corporations decreased $11.8Bil. The rest-of-the-world component of profits dropped $23.1Bil.
$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?