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$GILD, which competes with $GSK and $PFE, said it expects 2016 product sales to be $30-31Bil. Non-GAAP product gross margins are expected to be 88-90%. Non-GAAP R&D expenses are expected to be $3.2-3.5Bil, as a result of the continued investment in the company's pipeline. Non-GAAP SG&A expenses are expected to be in the range of $3.3-3.6Bil.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.