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Lindsay Drucker Mann of Goldman Sachs asks about the margin drivers for North America in 2H16. CFO Chip Molloy said in 3Q16 $UA is going to be slightly down and in 4Q16 the company will see some material impact. He added that with footwear growing at 2x apparel, there is going to be higher margins, which is going to be a challenge for the company.
$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?