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$COST's comparable sales fell 1% in 1Q16 and were negatively impacted by changes in foreign currencies relative to USD and fall in gasoline prices. The average ticket was also negatively impacted by these items. This was partially offset by rise in shopping frequency. The fall in comparable sales also includes negative impact of cannibalization.
$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?