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WebMD (WBMD -1.6%), the subject of plenty of takeover speculation (I, II), is trading lower...

WebMD (WBMD -1.6%), the subject of plenty of takeover speculation (I, II), is trading lower following negative comments from Stifel (Hold). While believing the FDA's release of draft guidance for the use of the Internet to promote FDA-regulated drugs is a positive for WebMD's ad sales, it doesn't expect the guidance to become law for several quarters, during which time WebMD's fundamentals will remain weak.
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