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$CMG opened 58 new restaurants during 1Q16, bringing the total restaurant count to 2,066. Food costs were 35.3% of revenue, an increase of 140 BPs as compared to 1Q15. The increase in food costs were partially offset by relief in beef prices.
$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?