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Shane Higgins of Deutsche Bank asks $KR about the consumer trends in 1Q16. CFO Michael Schlotman said the units per basket were down slightly but that was overcome by more trips to drive more units during 1Q16. So these two metrics point to an increase in tonnage and new households also pushed tonnage positively in the qtr.
$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?