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Walter Pritchard with Citi asked about long-term unearned revenue up quite a bit after being on a flattish trend. $MSFT CFO Amy Hood said that the company does have a bit of lumpiness in its expirations. 2Q16 was a big expiration quarter for $MSFT. So apart from the lumpiness, renewal rates were good and the execution was strong.
$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?