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Investment firm $BLK reported a 4% decline in 2Q16 earnings due to slowdown in client activity backed by political and macroeconomic uncertainty, historically low yields and elevated market volatility. Net income fell to $789MM or $4.73 per share from $819MM or $4.84 per share. Revenue dropped 3% to $2.8Bil. Adjusted EPS fell by 4%.
$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?