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Tennessee-based company $FRED said in 2Q16, front-store comp sales were down 1.6% while retail pharmacy comps were down 1.3% and specialty pharmacy comps were down 5.4%. Total company traffic was down 3.4% to last year and basket was up 1.4%. Household goods and softlines sales increased to 23.6% while consumables fell to 24.8%.
$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?