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Semiconductor connectivity solutions company $AVGO said that 2Q16 was the first quarter of operations as a combined company. Revenue of $3.56Bil came in just a shade above the midpoint of the guidance, while EPS were significantly higher than guidance. Demand for hard disk drives and premium set of smartphones was weak in the quarter.
$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?