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$TWX, the owner of TV channels like HBO and TBS as well as Warner Bros. studios, reported a decline in 2Q16 earnings due to decreases at Warner Bros. and HBO. Net income slid to $952MM from $971MM last year, while EPS rose to $1.20 from $1.16. Revenues fell to $6.95Bil from $7.35Bil. Adjusted EPS grew to $1.29 from $1.25.
$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?