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In 1Q16, media giant $TWX logged strong gains in two of its three major entertainment divisions, Turner and Home Box Office. Revenue from Turner grew 7% YoverY to $2.9Bil, while HBO rose 8% to $1.5Bil. Revenue from Warner Bros. declined 3% to $3.1Bil, mainly due to lower theatrical revenues.
$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?