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$STX said that its non-GAAP operating expenses in 2Q16 were $453MM. On a YoverY basis, the company stated it has reduced its quarterly expense run rate by almost $100MM or 17%, reflecting reductions around the core business, adjacencies, restructuring activities and lower variable compensation.
$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?