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$YHOO's GAAP revenue presentation changed in 2Q16 due to implementation of the 11th Amendment of its Microsoft search agreement. $YHOO is reaffirming its annual guidance in EBITDA and revenue ex-TAC. $YHOO expects the impact of the change on revenue to be about $250MM per qtr. in 2H16. $YHOO expects 2016 revenue to be $4.9-5.1Bil.
$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?