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$PFE said it agreed to buy $MDVN for $81.50 per share in cash for total enterprise value of $14Bil. The proposed purchase is expected to immediately accelerate revenue growth and drive overall earnings growth potential for $PFE. $PFE expects to finance the transaction with existing cash and expects to close purchase in 3Q16 or 4Q16.
$PYPL jumps 6% in after hours on strong results. I am bullish on this stock.
$TSCO stock remained active in the after hours trading and rose more than 2% after the retailer posted better than expected 1Q17 results.
Instagram has reached 700 million monthly active users. Looks like it will hit 1 billion soon. That would make it $FB’s fourth billion-user platform.