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Oregon-based sports apparel company $NKE is on track to generate $7Bil in revenue from its e-commerce business by the end of fiscal year 2020. In 2Q16, Nike.com business grew nearly 50% on a constant currency basis. $NKE expanded its e-commerce footprint in Canada, Switzerland and Norway in 2Q16 and will expand to Mexico, Turkey and Chile in 3Q16.
$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.