Yes. Unless you think that all possible market information is reflected now, before it becomes available, someone makes money when information emerges, moving the market.
Yes, you can (theoretically) make money by front-running the market. But I don't think you can systematically lose money that way (and stay within EMH) and that's the question under discussion.
If it's worth saying, but not worth its own post (even in Discussion), then it goes here.
Notes for future OT posters:
1. Please add the 'open_thread' tag.
2. Check if there is an active Open Thread before posting a new one. (Immediately before; refresh the list-of-threads page before posting.)
3. Open Threads should be posted in Discussion, and not Main.
4. Open Threads should start on Monday, and end on Sunday.