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Kimberly Greenberger of Morgan Stanley asks about the Victoria's Secret promotions. $LB said it shifted its promotional strategy from free panty, $10 off of a bra, direct mail coupon generally to promotions intended to drive trial. $LB said it can drive trial and had good progress in 2Q16 and will continue to learn more in 3Q16 and the fall season.
$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?