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Ed Kelly of Credit Suisse asks about the cadence of $KR's IDs through 1Q16 and the trend so far in 2Q16. CFO Michael Schlotman said looking at the growth, which is IDs minus inflation, over two years, the trend is consistent QtoQ. There is less than a 50BP swing over the past 5-6 quarters. Excluding inflation, the results have been consistent.
$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?