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In 1Q16, $MJN's total gross-to-net sales adjustments increased as a percentage of gross sales versus 1Q15, mainly due to increased price-based promotional activity in China. Effective tax rate was 38.1% versus 23.7% in 1Q15, mainly due to company's Venezuelan subsidiary which incurred a remeasurement loss on its monetary assets.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.