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In 2Q16, $KR's average retail price of a gallon of gas fell by $0.47 versus last year. On a rolling 4-quarter basis, $KR is at $0.184 this year versus $0.186 last year. The company expects the rolling 4-quarter comparison to further decline, as it cycles some very strong margins for the rest of 2016.
$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?