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danielwilkinson

Stock Analysis 01st-2nd (June)

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Allergan (AGN +3.53%) dropped 22% in pre-market trading after the U.S. Treasury Department said it will introduce regulations to make it more difficult to engage in a tax strategy known as "earnings stripping," which enables U.S. subsidiaries to curb their tax bills as interest payments to their foreign parent companies are tax deductible.

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Pfizer (PFE +2.08%) climbed over 1% in pre-market trading after people familiar with the matter said the compnay is terminating its $160 billion merger with Allergan Plc after new U.S. tax proposals aimed at curbing corporate inversions. Allergan Plc (AGN -14.77%) is down over 1% in pre-market trading following the news.

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Juniper Networks (JNPR -0.16%) dropped over 6% in after-hours trading after it lowered guidance on Q1 adjusted EPS to 35 cents-37 cents from a January estimate of 42 cents-46 cents, below consensus of 45 cents. Cisco Systems (CSCO -0.25%) fell over 1% and F5 Networks (FFIV -0.17%) dropped nearly 2% in after-hours trading after the Juniper news.

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