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Heather Bellini with Goldman Sachs asks about Instagram's ramp impacting Facebook's ad growth in 2016. $FB COO Sheryl Sandberg said that in the short run some of the spend is incremental and some isn't. Some will have a social budget or a digital budget, and as they move to Instagram some of that will come from Facebook.
$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?