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During 1Q17, $URBN's gross profit rate rose by 100 BP vs. 1Q16, driven by improvement in the Urban Outfitters and Anthropologie Group brands maintained margins, with the former delivering significantly lower markdowns vs. 1Q16. This was partially offset by a lower gross profit rate at the Free People brand driven mainly by higher markdowns.
$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?