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In wholesale, $GIII is seeing growth in established parts of the business including Calvin Klein. The company is investing in and now beginning to see increased sales in new businesses with Tommy Hilfiger and Karl Lagerfeld. During 2Q17, $GIII started shipping several categories of Tommy Hilfiger products that will make a good contribution in 2H17.
$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?