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Biopharmaceutical giant $GILD posted lower earnings in 2Q16 as a result of lower provision for income taxes. Net income was $3.5Bil or $2.58 per diluted share vs. $4.5Bil or $2.92 per diluted share in 2Q15. Non-GAAP diluted EPS excluding items was $3.08 for the quarter. Revenues fell 5.6% to $7.8Bil vs. 2Q15, hurt by lower anti-viral product sales.
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.
Looks like Uber will be paying $20 million to settle a US Federal Trade Commission lawsuit. FTC accused Uber of false and misleading claims about driver pay and stuff. Uber however neither denied nor admitted and will just be paying the $20 million.