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Simona Jankowski of Goldman Sachs asks for a clarification on the royalty rate in 3Q16. $QCOM President Derek Aberle replied that at this point the company is not going to guide quarter by quarter on the implied rate. For FY16, the company said the rate will be in the range of around 2.9% that was stated previously.
$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?