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Mike McCormack of Jefferies questioned about broadband. $CMCSA Senior EVP Neil Smit replied that for high speed data, almost every market had indexed higher on connects, but the biggest driver was disconnects or churn. He added that 70% of America has broadband and there is room for growth within the sector.
$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?