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Ike Boruchow of Wells Fargo asks about expenses. $ROST said labor costs will be an expense headwind. Entering 2016, $ROST raised minimum wages across the chain and the impact of these adjustments is reflected in full-year 2016 guidance. In its 2017 planning process $ROST will try to find efficiencies to mitigate further wage increases.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.