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$WDC 4Q15 Q&A: Wittine of Longbow Research asked why PC market is decelerating so fast. Stephen answered that WDC believes that there has been a meaningful inventory draw down on throughout the supply chain. The company has been careful to not overdrive the market in terms of shipping too much inventory into customers.
$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?