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$COP said the low commodity price environment continues to impact financial results. Adjusted net loss was about $1MM in 2Q16. The company expensed its position in the Keathley Canyon area of the deepwater Gulf of Mexico. $COP reduced costs across the business and achieved an 18% reduction in adjusted operating costs.
$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?