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$V's marketing expenses fell by 5% YoverY to $194MM in 1Q16 due to lower levels of advertising & promotional campaigns. On the contrary, Network & Processing expenses rose by 12% mainly due to fees associated with the processing of Russian domestic transactions that were transitioned to the Russian National Payment Card system in 3Q15.
$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?