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John Glass of Morgan Stanley asks about certain brands facing certain hurdles in the first half. $YUM CFO Pat Grismer said that it's a combination of sales and spending. In terms of Pizza Hut in China, 1H16 expectations are more muted and expect sales recovery to improve in 2H16. $YUM also has spending in some of its global brand divisions in 1H16.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.