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Morgan Stanley analyst Ben Swinburne asks $FOXA how much the Star business in India generated in FY16 when looking at the $500MM target for 2018. CEO James Murdoch says that the Star business overall, inclusive of sports, delivered just north of $200MM of OIBDA for FY16. This puts the company in a really good pace for 2018 and 2020 targets.
$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.