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$OMC 2Q15 Call: Majority of non-US operations are naturally hedged with both revenue and expenses in the same currency. Significant change in exchange rates resulted in 7.1% or $275MM decline in reported revenue. YTD FX has reduced revenue by $500MM. On constant currency basis, EPS would have increased an additional 7% for both 2Q15 and the year.
$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?