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Broadcast, cable and publishing company $CBS reported a rise in 2Q16 earnings driven by higher operating income, backed by growth in higher-margin revenues. Net income rose to $423MM or $0.93 per share from $332MM or $0.67 per share last year. Revenues grew to $3.29Bil from $3.22Bil.
$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?