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Michael Nathanson of MoffettNathanson asks about profit growth decline. $DIS CFO Christine McCarthy said that the earned revenue growth was strong in 2Q16 at 18% vs. a 23% growth in 1Q16. Star Wars didn't have quite the massive contribution it had in 1Q16. Also in 1Q16, there was a timing issue of guarantee shortfall payment which was a drag in 2Q
$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?