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Software giant $MSFT's operating income fell $1.8Bil or 23% to $6.02Bil in 2Q16. This decline was primarily due to lower GM, offset partially by a reduction in opex in the current year. GM fell $2.4Bil or 15%, driven by the impact of a net $1.7Bil revenue deferral related to Windows 10 and an unfavorable FX impact of approx. $1Bil or 6%.
$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?