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Glenn Schorr of Evercore ISI asks for an update on YTD comp ratios. $GS said currently 42% is the best estimate. Cost efforts on a run rate basis translate into $700MM of run rate savings and after severance, this number would come to $350MM this year. With this, compensation and benefits expenses are down 28% YTD.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.