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$EW said that as of 1Q16-end, cash & cash equivalents and short-term investments held in the US was $115.2MM & outside the US the amount held was $836.6MM. $EW also has a 5-year credit agreement that provides up to an aggregate of $750MM in borrowings in multiple currencies. As of 1Q16-end, there were no borrowings outstanding under the agreement.
$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?
After so much controversy and family issues in $VIAB over the recent months, Paramount brings in some good news. News is that they signed a $1 billion deal with Shanghai Film Group and Huahua Media. The material impact to Viacom however is still uncertain.