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Deutsche Bank analyst Ross Seymore questions $AVGO on its traditional Avago ASIC business and its growth going forward. CEO Hock Tan says that ASIC business is still chugging along nicely. The company still sees growth in fiber optics and on traditional ASIC.
$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?