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$BABA 1Q16 Q&A: Yap of Barclays asked about BABA’s marketplace, Tmall vs. Taobao. Daniel said, have clear strategy in BABA’s marketplaces. Tmall and Taobao have different positions. In Taobao have 100Bil of items. In Tmall a brand and their authorized distributors do their business direct to the consumer, focusing on quality products and services.
$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?