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Brian Nagel of Oppenheimer asks about seasonal sales. $BIG said it posted roughly 6% comp in 1Q16. Seasonal sales were flat to slightly down in 2Q16. Seasonal is roughly 15% of the business in 1Q and the spring season. Extrapolating this on the total company amounts to roughly one point of comp.
$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?